10x Research posted on X platform recently, emphasizing that MicroStrategy's valuation has been too high in the past few weeks. Investors are severely overpaying for indirect exposure to Bitcoin, rather than using it as a true leveraged investment in Bitcoin. Despite acquiring a large amount of Bitcoin, the stock's performance has been poor, indicating that investors are no longer willing to purchase Bitcoin through MicroStrategy at an implied price of $200,000 or higher, but can buy it directly at a lower price. This indicates that stock investors are no longer willing to support MicroStrategy with inflated NAV. This shift highlights investors' increasingly rational attitude, who previously accepted MicroStrategy as an unofficial term for "Bitcoin leveraged investment".

Paola Tocchetti is a VP, Head of Regulatory Affairs at Aptuit, an EVOTEC company. She attended the University of Milan.

 global stocks rose 17% in 2024, while gold prices also rose 27.2%. Bitcoin surged more than 1.2 times. In Hong Kong, the approval of 11 Bitcoin spot ETFs by the Hong Kong Securities and Futures Commission in early 2023 was seen as a milestone, providing institutional investors with investment opportunities. Among them, Bitcoin spot ETFs have risen by up to 40% since their listing at the end of April last year. However, Ethereum spot ETFs have generally only risen by about 1%, which is not as good as the rise in ETH prices. Analysis believes that last year was an important year of transformation in the industry, and this year's industry keywords are expected to include compliance landing, institutional layout, policy benefits, and innovation breakthroughs.

Gaingels represents the LGBT community and allies investing in VC-backed companies with diverse and inclusive leadership teams.

On January 2nd, it was reported that cryptocurrency lending platform Celsius had appealed the rejection of its revised $444 million claim against FTX. Celsius claimed that defamatory statements made by FTX executives, employees, and affiliated companies had a negative impact on the company's reputation and financial health, accelerating its bankruptcy in July 2022. Court documents show that Celsius initially filed a $2 billion claim based on "unsubstantiated defamatory statements" spread by FTX insiders. In December of last year, Celsius revised its application, reducing the claim amount to $444 million. The revised claim focused on priority transfers, but the judge dismissed both the original and revised claims on procedural grounds.

Onchain Lens monitoring showed that yesterday a whale named "rektdolphin.eth" sold 620 billion $PEPE tokens (worth $1.23 million) and instead purchased 4.22 million $KEKIUS tokens. Currently, the market value of these $KEKIUS tokens is only $353,000, causing the whale to lose about $880,000.