News

BlockBeats News, January 16th, according to an exchange market data, impacted by the "X Revokes InfoFi App API Access" message, COOKIE dropped over 14% in 24 hours, currently trading at $0.0383. KAITO dropped over 15% in 24 hours, currently trading at $0.567. Earlier reports indicated that X revoked "InfoFi" app API access to reduce platform spam. Cookie DAO stated, "After communicating with the X team regarding their API and usage policies, we have decided to immediately shut down Snaps and all ongoing activities. Currently, we are in active discussions with X to assess the possibility of continuing Snaps in a new form." Kaito mentioned plans to gradually sunset YAPS and incentive leaderboards, and introduce Kaito Studio.

ChainCatcher news, according to The Block, traditional brokerage Interactive Brokers has announced that it will allow traders to use Circle's USDC for round-the-clock account funding, enabling 24/7 trading functionality.

BlockBeats News, January 16, according to CoinDesk, Tom Lee, Chairman of the world's largest Ethereum treasury company BitMine, stated at the shareholders' meeting on Thursday that BitMine expects its $13 billion Ethereum holdings to generate over $400 million in annual pre-tax income, most of which will come from staking these holdings. Tom Lee also mentioned that BitMine "may have saved about $400 million" in its Ethereum purchases over the past few months. Despite the cost savings, BitMine's current holdings have an unrealized loss of about $2.3 billion since it began purchasing Ethereum in July last year. Earlier on Thursday, BitMine disclosed a $200 million investment in Beast Industries, owned by well-known YouTuber MrBeast. Tom Lee described this bet as an "obviously wise choice" and stated, "I believe we can easily achieve a leapfrog return—10 times—on this investment." Tom Lee added that BitMine also plans to launch a mobile application, although details are currently limited, and will make "leapfrog" investments in the tokenization sector.