Nasdaq-listed Ming Cheng Group Holdings Limited announced that its wholly-owned Hong Kong subsidiary Lead Benefit (HK) Limited purchased 500 bitcoins on January 9, 2025, at an average price of US$94,375, with a total investment of approximately US$47 million. Ming Cheng intends to use its idle funds to purchase Bitcoin as a short-term investment to capture the potential appreciation of Bitcoin and increase its assets. The company believes that the Bitcoin market is highly liquid and Bitcoin can be easily disposed of to provide funds for the company's wet engineering business when needed. It is reported that Ming Cheng Group Holdings Limited is mainly engaged in mud and water engineering, such as plastering engineering, brick laying engineering, floor engineering and marble engineering. (Globenewswire)

According to on-chain analyst Ember’s monitoring, a certain swing investor bought another 5,672.9 ETH worth $17.35 million. All of his 54.65 million USDT has been converted into 17,125.6 ETH at an average price of $3,191.

The Ethereum Foundation is suspected of launching a new X account, which will be used to share updates from the Ethereum Foundation, including: - Updates from the Ethereum Foundation team; - News about Ethereum Foundation projects and funding; - Disclosure of the flow of funds from the Ethereum Foundation. Starting today, @Ethereum will become a general account for sharing updates from the entire ecosystem and will also publish original content.

According to BlockBeats, on January 13, JPMorgan adjusted its forecast for the number of interest rate cuts by the Federal Reserve this year, reducing the expected cuts from three to two.

The post MoonPay Acquires Helio for $175 Million to Expand Crypto Payment Infrastructure appeared first on Coinpedia Fintech News According to a latest report from FOX Business, Crypto payments platform MoonPay has acquired blockchain payment processor Helio for $175 million, possibly starting a series of mergers in the digital asset sector under the crypto-friendly Trump administration.  The... source: https://coinpedia.org/news/moonpay-acquires-helio-for-175-million-to-expand-crypto-payment-infrastructure/

India’s Prime Minister Narendra Modi has tied his economic policies to the U.S. dollar, even as it drags his country’s financial health through the mud. The rupee, once the pride of the nation’s monetary system, now sits at a pitiful 86.59 against the dollar, an all-time low. Inflation is choking the average Indian, trade deficits […] source: https://www.cryptopolitan.com/why-india-modi-stands-by-the-dollar/

According to Onchain Lens, a whale sold 4.13 million AERO in the past three hours for 3.84 million USDC, with an average price of $0.93. Three and a half months ago, the whale bought 7.53 million AERO for $7.67 million, making a profit of $2.33 million.

The US Supreme Court reviews TikTok’s potential ban over national security, data privacy, and misinformation concerns, with wide-reaching implications. source: https://dailycoin.com/tiktok-closer-to-being-banned-in-the-us-as-supreme-court-reviews-its-case/?utm_source=cryptopanic&utm_medium=rss

Hedera’s (HBAR) value has declined by 12% over the past week. Exchanging hands at $0.26 at press time, the altcoin currently trades at its lowest level in the past seven days. Amid the Hedera price decline, its futures traders have increasingly demanded short positions, suggesting they anticipate further price drops.  Hedera Futures Traders Increase Short Bets  According to Coinglass, HBAR’s... source: https://beincrypto.com/hedera-price-hits-weekly-low/