Bitcoin miners have offloaded more than 10,000 BTC on January 17, marking the sharpest drop in miner reserves in over a year, with the sell-off amounting to approximately $450 million.

Former U.S. President Donald Trump, now presidential candidate for 2024, has declared his opposition to the Federal Reserve creating a central bank digital currency (CBDC) and vowed to “never allow” it to happen.

The Winklevoss twins’ cryptocurrency exchange, Gemini, is set to expand its operations into France as it joins other crypto-focused businesses building a presence within the European Union.

Top stories in the Crypto Roundup today:

• Bitcoin Miner Reserves Plunge to 30-Month Low
• Former US President Donald Trump Vows to ‘Never Allow’ CBDCs
• Winklevoss Twins’ Cryptocurrency Exchange Gemini Enters France
• CCData Launches DA Fixings Benchmark Family, Partners with Six Group’s Ultumus for Institutional Integration

Bitcoin Miner Reserves Plunge to 30-Month Low

Bitcoin miners have offloaded more than 10,000 BTC on January 17, marking the sharpest drop in miner reserves in over a year, with the sell-off amounting to approximately $450 million.

Data from on-chain analytics provider CryptoQuant shows that there was a steep decline in miner reserves totaling 10,233 BTC on that day. Miners often follow a typical cycle, where they accumulate Bitcoin when prices are lower, and sell when they rise.

Bitcoin miner reserves have dropped to their lowest level since July 2021 to now stand at 1.83 million BTC, valued at around $78 billion, after dropping by 22,800 coins over the past year.

Another indicator, the Bitcoin Miners' Position Index (MPI), began rising on January 15, signaling potential selling activity. The MPI measures the total miner outflow against its one-year moving average, offering insights into miner selling trends.

Former US President Donald Trump Vows to ‘Never Allow’ CBDCs

Former U.S. President Donald Trump, now presidential candidate for 2024, has declared his opposition to the Federal Reserve creating a central bank digital currency (CBDC) and vowed to “never allow” it to happen.

The pledge came during a campaign speech in Portsmouth, New Hampshire, where the former president said he was making “another promise to protect Americans from government tyranny” by “never” allowing the creation of a CBDC.

He added:

“Such a currency would give the federal government, our federal government, absolute control over your money [...] they could take your money, and you wouldn’t even know it was gone.”

The former president called the CBDC a “dangerous threat to freedom.” Interestingly, Trump is not alone in this stance against CBDCs, as last year fellow presidential candidate and Florida Governor Ron DeSantis vowed to reject the launch of such a currency.

Winklevoss Twins’ Cryptocurrency Exchange Gemini Enters France

The Winklevoss twins’ cryptocurrency exchange, Gemini, is set to expand its operations into France as it joins other crypto-focused businesses building a presence within the European Union.

The French financial markets authority has officially registered Gemini as a digital-asset service provider, and Gemini now plans to roll out its services to both retail and institutional clients in the country within the next few weeks.

The company, which has its European headquarters in Dublin, has been facing regulatory scrutiny in the United States, along with its peers. The move to France comes as President Macron’s leadership has been welcoming to the cryptocurrency sector.

Macron has previously highlighted the potential of web3 technologies, calling them an "opportunity not to be missed." Other cryptocurrency firms, including Crypto.com and Circle, have used Paris as a base in Europe.

Last year, French authorities launched a probe into leading cryptocurrency exchange Binance over allegedly providing digital asset services and money laundering. The exchange responded that it abides by local laws and received on-site visits.

CCData Launches DA Fixings Benchmark Family, Partners with Six Group’s Ultumus for Institutional Integration

CCData, an FCA-authorized benchmark administrator and a leader in digital asset data and index solutions, is launching its Digital Asset (DA) Fixings Benchmark Family, a new offering that aims to transform digital asset trading through a collaboration with Six Group’s Ultumus.

The DA Fixings Benchmark Family is built on the foundations of CCData’s FCA-regulated CCIX benchmark (formerly CCCAGG) and comes after the firm ranked over 200 centralized and decentralized exchanges to develop a methodology incorporating a 24-hour volume-weighted average, time penalty factor, and stringent outlier detection.

The service is set to cater to the nuanced requirements of institutional players in the digital asset market. It provides consistent price fixings in major global markets and gives traders and investors a dependable and market-representative price for assessing their portfolios.

CCData has joined forces with Ultumus, a frontrunner in both traditional and cryptocurrency ETF and index trading, for the introduction of DA Fixings. Ultumus will pioneer the integration of DA Fixings into its system, thereby facilitating its clients to utilize and license CCData’s DA Fixings via its ETF/Index feeds and the COSMOS ETF Create/Redeem platform.

Ultumus, which serves eight out of the top ten global investment banks and ETF issuers, is recognized for its extensive ETF calculation services. It extends its support to a wide array of prominent issuers, such as Global X, HSBC, 21Shares, VanEck, CoinShares, and Virtune.

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