Episode Details

16th Jan Crypto & Coffee at 8
🔻US #BTCETFs’ Failed on the Expectations ✅Fear & Greed Index Turns Neutral🟢 United Nations Tether.to’s USDT Money Laundering 🚨 North Korea Stole $293M

🔻 US Bitcoin ETFs’ Failed on the Expectations, 2-Day Net Inflows at $819 Million. 11 Bitcoin ETFs have traded on the US exchanges, and the numbers have been disappointing. Finance Magnates article here states The ten newly listed Bitcoin ETFs attracted only $1.4 billion in new funds within two days. Despite the anticipation surrounding their launch, none of the recently introduced Bitcoin ETFs achieved top rankings among US ETFs based on their initial success. There have been notable outflows from Grayscale’s Bitcoin ETF, with a conversion from the Grayscale Bitcoin Trust resulting in a $579 million outflow. Additionally, the BITO futures ETF experienced $151 million in outflows. Despite these outflows, the overall net inflows in Bitcoin ETFs over two days amounted to $652 million. It’s worth noting that the net spot Bitcoin ETF inflows specifically were $819 million during this time frame. Article here https://lnkd.in/dhnnHPh9

🟢 Fear and Greed Index: Neutral
Market sentiment has taken a hit, with the Crypto Fear & Greed Index slipping to “neutral” for the first time since November 2023.
- CoinMarketCap: 59 (Neutral) ✅
- Coin glass 52 (Neutral) ✅
- Alternative.me 52 (Neutral) ✅

🔻 Bitcoin Dominance -49.79%
🔺 Ethereum Dominance- 18.08%

📊 UN warns that Tether.to USDT is increasingly favoured by money launderers. The report says Digital currency is at the heart of scams including fake romance frauds known as ‘pig butchering. https://lnkd.in/dkWu7Pug
The report states Online gambling platforms, and especially those that are operating illegally, have emerged as among the most popular vehicles for cryptocurrency-based money launderers, particularly for those using Tether or USDT on the TRON25 blockchain, while also fueling the intensification of Southeast Asia’s rapidly growing illicit digital economy, and particularly the regional cyberfraud industry. The report discusses
- Running points syndicates
- Proliferation of USDT-based money laundering networks
- Mass recruitment of mule bank accounts across virtually all jurisdictions in the Asia Pacific region which can be purchased for as low as US $30
- Accounts Frozen that had USDT

🚨 DLNews states Lazarus ravaged the crypto world in 2023, with at least $293 million in stolen funds attributed to the North Korean cybercrime cabal. That was a fraction of what it nabbed in 2022 a staggering $1.7 billion. Article here https://lnkd.in/dpPiyYUN

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