By Shikha Singh
Bitcoin Exchange Reserves Near 7-Year Low As Hedge Funds Buy The Dip.
Bitcoin reserves on exchanges have fallen to a near seven-year low of 2.35 million BTC, driven by continued institutional buying, particularly from crypto hedge funds. This decrease in supply could lead to a potential price rally. In December 2024, Bitcoin’s price reached a new high of $108,300, as US spot Bitcoin ETFs bought almost three times the amount of mined coins.
However, Bitcoin faces resistance around $100,000, and market sentiment is subdued, with low trading volume across the crypto market. Analysts remain hopeful for a price surge, forecasting Bitcoin could reach $150,000 by late 2025, driven by increased global money supply and institutional investment.
Arbitrum-Backed Animecoin to Launch Soon with Community-Centric Tokenomics.
Animecoin, a new cryptocurrency project backed by Arbitrum and the Azuki NFT series, aims to build a blockchain ecosystem supporting anime culture. The project’s tokenomics prioritize community involvement, with 50.5% of its 10 billion token supply allocated to the community. This includes 37.5% for the Azuki NFT community and 13% for community initiatives managed by AnimeDAO.
The Azuki company will receive 7.44% of the supply, with a three-year vesting period, while early contributors (employees and advisors) get 15.62%. The foundation will receive 24.44% for ecosystem growth, and 2% will be allocated to partner communities, including Hyperliquid, Kaito AI, and Arbitrum.
HashKey expands global footprint with Dubai virtual asset license approval.
HashKey Group, a digital asset firm based in Asia, has received provisional approval for a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA). This move is part of HashKey’s expansion into the Middle East and North Africa (MENA) region, and it aligns with the firm’s strategy to broaden its global reach. The approval will allow HashKey’s MENA subsidiary to offer virtual asset exchange and broker-dealer services, catering to institutional and qualified retail investors.
Justin Sun moved $1.1 bn of Ether to HTX since November.
Justin Sun, founder of Tron, has made significant crypto moves in the past 24 hours, depositing over $320 million worth of Ethereum (ETH) and restaking tokens on HTX. This includes 96,591 ETH, 1.864 million ether.fi (ETHFI) tokens, and 260,728 EIGEN tokens. Sun’s average deposit price was $3,275 per ETH, above his previous accumulation price of $3,036, which may suggest a tactical move to capitalize on trading opportunities.
ONDO and CONX lead $2.927 bn token unlocks this week.
The cryptocurrency market is set to experience a large number of token unlocks between January 13-20, totaling over $2.927 billion in value. The biggest unlock is set to occur with ONDO, which will release 1.94 billion tokens, valued at $2.269 billion. This release will significantly impact the project, as it represents 134.21% of its current circulating supply. Following ONDO, Connext (CONX) will unlock 4.33 million tokens worth $85.6 million, adding 376.30% to its circulating supply. These large cliff unlocks are expected to create significant shifts in the market, particularly for projects focused on Real World Assets (RWA), Layer-1 blockchains, and gaming protocols.
Crypto ETPs record $47 mn inflows last week amid Bitcoin sell-off.
Last week, cryptocurrency exchange-traded products (ETPs) saw minor inflows of $47 million after a significant $940 million in outflows. Despite this, Bitcoin (BTC) products attracted $213 million in inflows, making it the best-performing asset of 2025 so far, with a total of $799 million in year-to-date inflows. However, Bitcoin’s assets under management (AUM) dropped 3.5%, from $130 billion to $125.4 billion.
Ethereum (ETH) experienced the largest outflows, with $256 million leaving its investment products, attributed to a broader tech sell-off. In contrast, XRP saw $41 million in inflows, driven by optimism surrounding legal developments. Other altcoins like Aave, Stellar, and Polkadot also recorded smaller inflows.
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