This article is brought to you thanks to the kind support of Betpanda.io. Experience the thrill and benefits of Betpanda.io with a 100% deposit bonus up to 1 BTC and a 10% weekly cashback!Crypto Market UpdateTable of ContentsBitcoin and Ethereum UpdatesBitcoin's Varied Market Reactions: Stability, Whales, and Binance SupportEthereum's Market Shifts: Whale Accumulation and Exchange ActivityETFs and Corporate HoldingsBitwise Bitcoin ETF Gains and LossesChangpeng Zhao's Legal Troubles in the USTesla's Bitcoin Holdings in Q4Controversies and Security ConcernsSatoshiVM Token Controversy Heats UpPhishing Scam Targets Bitcoin and XRP UsersOzys Hacked, North Korea SuspectedUK's Digital Pound ExplorationBlockchain Innovations and PartnershipsPolygon Labs Unveils AggLayerWorldcoin's New User-Friendly OrbSynthetix Launches V3 Perpetuals on BaseFinancial Developments and Market TrendsSygnum Bank's Successful Funding RoundBitcoin Inscription Tokens' Market PerformanceAltLayer's Token Launch and ValuationNFT UpdatesKT Corporation Exits NFT MarketSolana's NFT Market Sees Uptick Bitcoin's Varied Market Reactions: Stability, Whales, and Binance SupportBitcoin's stability amidst a U.S. GDP growth of 3.3% contrasts with its 20% plunge following the introduction of spot Bitcoin ETFs. Reddit users actively bought the dip, diverging from other platforms' bearish views. Some whales accumulated over $50 million in BTC in three days, while others initiated a selling spree. Despite Bitcoin struggling below $40,000, significant Binance bid liquidity suggests underlying support. The ETFs, though currently pressuring prices, hint at long-term market optimism.Ethereum's Market Shifts: Whale Accumulation and Exchange ActivityEthereum whales accumulated over $64 million in ETH, adding 26,841 ETH in one day during a price drop. Significant withdrawals from exchanges included 7,779 ETH from Binance and 8,077 ETH from Bitfinex. Contrarily, Ether options market showed a bearish sentiment, with a one-week call-put skew at -8, indicating a preference for price decline bets. Ether traded at $2,210.Bitwise Bitcoin ETF Gains and LossesBitwise's Bitcoin ETF, after revealing its on-chain address, received BTC donations, including 6969 sats. It holds 12,338 BTC, worth around $490 million. U.S. spot bitcoin ETFs saw a record $158 million outflow in one day, with Grayscale's GBTC losing $429 million. BlackRock's IBIT and Fidelity's FBTC gained $66 million and $126 million, respectively. Total net inflows stand at $824 million.Changpeng Zhao's Legal Troubles in the USChangpeng Zhao, the former CEO of Binance, was denied permission to leave the US for the UAE despite offering to pledge his $4.5 billion stake in Binance US. Zhao, facing charges for anti-money laundering violations, sought to travel for a relative's surgery. His request, including additional property and financial security, was rejected due to concerns about him not returning. Zhao, who stepped down following a $4 billion settlement with the US government, is awaiting sentencing and is considered a flight risk due to his substantial wealth and minimal ties to the US. Binance, meanwhile, has recovered from setbacks and seen significant inflows since the settlement.Tesla's Bitcoin Holdings in Q4In Q4, Tesla did not trade Bitcoin, indicating its retention of 9,720 Bitcoin. The company's Q4 report revealed $25.2 billion in total revenues, a 3% year-on-year increase, with net income reaching $7.9 billion, a notable rise from the previous year. Earnings per share were slightly lower than analyst forecasts, at 71 cents. SatoshiVM Token Controversy Heats UpThe SatoshiVM (SAVM) token controversy involves allegations between its adviser, MacnBTC, and Ape Terminal, each accusing the other of scams post-launch. SAVM's price dropped 38% amid these claims. MacnBTC alleges Ape Terminal unfairly allocated SAVM tokens to its team, profiting millions. Ape Terminal counters, accusing MacnBTC of similar gains. Both deny the accusations, with the crypto community viewing the situation skeptically.Phishing Scam Targets Bitcoin and XRP UsersTrezor issued a warning about a phishing scam targeting Bitcoin and XRP users, involving a deceptive email urging an "urgent" wallet upgrade. The attack, leveraging a third-party email provider, mimicked Trezor's domain to trick users into revealing their recovery seeds. Following a support portal breach, Trezor deactivated the malicious link, advising affected users to transfer funds to new wallets.Ozys Hacked, North Korea SuspectedOzys, a South Korean blockchain company, incurred an $81.5 million hack on its Orbit Bridge protocol. The former chief information security officer is accused of weakening the company's firewall before the breach. Ozys is exploring North Korea's Lazarus Group's potential involvement and is taking legal action and collaborating with authorities to recover the stolen assets. UK's Digital Pound ExplorationThe Bank of England and HM Treasury have not made a final decision on launching a digital pound but are exploring the feasibility and designs of a central bank digital currency (CBDC). They intend to prioritize privacy and control and protect access to cash. The digital pound, or 'Britcoin,' is not expected to launch before 2025. Polygon Labs Unveils AggLayerPolygon Labs is launching AggLayer, a protocol to unify blockchain networks, enhancing user experience by making multiple chains feel like one. It leverages zero-knowledge proofs for seamless integration of layer 1 and 2 blockchains. Concurrently, Polygon and Warner Music Group's Web3 Music Accelerator program is advancing music industry innovation, supporting projects like MITH and Muus Collective, which focus on artist-fan engagement and digital collectibles.Worldcoin's New User-Friendly OrbWorldcoin plans to release a new, friendlier Orb with alternative colors and shapes for a user-friendly iris scanning experience. The company aims to reach billions of users rapidly and has raised $250 million in funding. Despite criticism, over 3 million users have signed up for Worldcoin, with the new Orb design currently undergoing field testing. Synthetix Launches V3 Perpetuals on BaseSynthetix has launched V3 perpetuals contracts on Base, offering simplified derivative product launches and trading. New products are expected, including a perpetual futures exchange called Infinex. The upgrade includes diversified collateral options and new features like cross margin capabilities and permission delegation. Synthetix aims for decentralized governance and fee earnings from diverse collateral across multiple chains. Sygnum Bank's Successful Funding RoundSygnum, a Swiss crypto bank, closed a $40 million funding round, valuing the firm at $900 million. It previously closed a $90 million funding round in January 2022, valuing the firm at $800 million. The bank's assets under management have grown to $4 billion, serving 1,700 clients from over 60 countries. The funding will support expansion into new markets. Bitcoin Inscription Tokens' Market PerformanceThe underperformance of Bitcoin Inscription tokens ORDI and SATS is attributed to Bitcoin's "sell-the-news" sentiment and declining demand. ORDI and SATS have dropped by about 34.50% and 50% in 2024, respectively. Their price movements correlate strongly with Bitcoin, with ORDI directly inscribing data onto Bitcoin's blockchain—leading to a close alignment with BTC's performance. AltLayer's Token Launch and ValuationAltLayer's native token (ALT) began trading on exchanges with $300 million in volume, creating a $2.9 billion fully diluted valuation. The project opened a 300 million ALT airdrop, representing 3% of the total supply, with 33% already claimed. ALT token holders can engage in governance and pay protocol fees, while rollup services and restaked rollups are part of the project's offerings. Top Altcoin Gainers and LosersGainers:Bittensor TAO (+11.44%)Pyth Network PYTH (+7.04%)OKX OKB (+6.11%)Losers:Sui SUI (-9.96%)Blur BLUR (-9.89%)Celestia TIA (-9.32%) NFT Market MapKT Corporation Exits NFT MarketSouth Korean telecom company KT Corporation is shutting down its NFT platform, MINCL, due to changing business conditions. MINCL, launched in April 2022, offered NFT minting, trading, and wallet services. Other South Korean corporations, including Hyundai and Netmarble, have also terminated their web3 divisions, reflecting a broader reevaluation of web3 initiatives in the country. Solana's NFT Market Sees UptickSolana's NFT trading volume increased by 25% to $62 million weekly, led by collections like Tensorians, CryptoUndeads, and Froganas. January's trading volume hit nearly $190 million, the highest since May 2022. Despite a 15% decrease in transactions, larger average transactions were experienced, with Tensorians showing a 107% rise, and wash trading dropped by almost 50%. This article has been refined and enhanced by ChatGPT.