Data shows pre-market declines in US cryptocurrency stocks, with Marathon Digital falling over 4% and Coinbase and Canaan Inc. both falling over 2%.

The three major U.S. stock indexes collectively opened higher, with the Dow up 0.21%, the Nasdaq up 0.34%, and the S&P 500 up 0.22%. The U.S. Securities and Exchange Commission has approved the listing and trading of 11 Bitcoin spot ETFs, and stocks related to cryptocurrencies have soared, with Canaan Technology up over 14%, Marathon Digital and Riot Platforms up nearly 7%, and MicroStrategy up nearly 6%.

US stock market opened slightly higher, with the Dow rising 0.05%, the Nasdaq rising 0.13%, and the S&P 500 rising 0.08%. The SEC clarified that it has not yet approved a Bitcoin ETF, and Bitcoin briefly fell below $45,000. Cryptocurrency concept stocks fell across the board, with Marathon Digital and Riot Platforms falling more than 3% and MicroStrategy falling nearly 2%.

Turkey's Finance Minister, Şimşek, stated that the country's cryptocurrency regulations are in the final stages and are expected to bring licensing and operational standards to trading platforms. He said that these regulations aim to reduce the risks of trading cryptocurrencies and help the country be removed from the "gray list" of international financial crime regulatory agencies. According to a report by blockchain analysis company Chainalysis, Turkey's original cryptocurrency trading volume ranked fourth globally, reaching approximately $170 billion last year, behind only the United States, India, and the United Kingdom.

A good start to 2024, with US$151m inflows

Bitconned, a new documentary by Netflix, chronicles the rise and fall of Centra, a cryptocurrency company that raised millions of dollars through an ICO before collapsing. The film includes interviews with Centra founder Raymond Trapani, who admits to engaging in fraudulent activities to make millions of dollars. Trapani's criminal history began in childhood with a scheme to sell stolen pharmaceuticals and continued with a failed luxury car rental business in Miami before pivoting to cryptocurrency with Centra. The company's downfall was accelerated by falsified celebrity endorsements and other fraudulent activities by its executives. Unfortunately, Centra Tech's story is not unique in the world of cryptocurrency, where fraud and corruption are prevalent.

According to OKX market data on January 6th, after rising to 0.046 USD, PEOPLE fell back and is now priced at 0.0431 USD, with a 24-hour increase of 64%.

According to a professional website, in December 2023, the posting volume of cryptocurrency positions on LinkedIn decreased by 57% compared to the previous year, which was lower than the 71% year-on-year decline in November. Daniel Adler, the founder of CryptocurrencyJobs.co, said that December was one of the best months for revenue in 2023 for recruitment websites that charge for job postings.

According to market data, cryptocurrency-related stocks rose across the board in pre-market trading in the US. Coinbase (COIN.O) and Riot Blockchain (RIOT.O) both rose nearly 2%, while Marathon Digital (MARA.O) rose over 3%. (Jin10)

After Nigeria lifted the ban on cryptocurrency, strict regulations were imposed on banks. Cryptocurrency providers can open bank accounts, but cannot withdraw cash. Banks are still prohibited from holding or trading cryptocurrencies themselves.