On this day, January 4, 2025, the cryptocurrency market showed significant movement. Here are some of the major crypto assets traded on Binance:
Today's Top News:
1. Do Kwon Pleads Not Guilty in US Court to Fraud Charges
Terraform Labs co-founder Do Kwon appeared before a U.S. judge on January 2, 2025, where he pleaded not guilty to multiple charges, including securities fraud and money laundering. The trial took place in the Southern District of New York in Manhattan.
2. European Central Bank Expected to Cut Interest Rates in the Fall
European Central Bank (ECB) Governing Council member Yannis Stournaras said the ECB is expected to cut its interest rates to 2% this fall.
3. Zircuit's zkRollup Protocol Reaches Top 10 in Layer 2 Networks Based on TVL
Data from L2BEAT on January 3 showed that the zkRollup protocol Zircuit had reached a total value locked (TVL) of $394 million, placing it as the 10th largest Layer 2 network in terms of TVL.
Market Analysis:
The crypto market continues to show high volatility, with Bitcoin and Ethereum experiencing significant price increases in the past 24 hours. This increase may be influenced by regulatory developments and increasing institutional adoption.
Recommendations for Investors:
Do In-depth Research: Always keep yourself updated with the latest news and market analysis.
Portfolio Diversification: Don’t put all your investments in one asset; consider diversifying across multiple crypto assets.
Consider the Risks: Investing in crypto carries high risks; make sure you are prepared for sharp market fluctuations.
Always consult a financial advisor before making any investment decisions.
