China News Daily Official TheBitTimes.com

1. Phantom Completes $150 Million Financing, Valuation Jumps to $3 Billion link Crypto wallet provider Phantom Technologies Inc. has announced the completion of a $150 million financing round, led by Sequoia Capital and Paradigm, with the company’s valuation reaching $3 billion, doubling from before. Recently, due to the belief that the new US President Trump will bring a more crypto-friendly regulatory environment, Phantom’s wallet app has risen in the rankings of the iPhone App Store. Phantom is a non-custodial wallet that was initially popular in the Solana ecosystem and now supports multiple blockchains including Ethereum and Bitcoin. 2. Jupiter Conducted a 700-million JUP Airdrop on Wednesday, Worth Approximately $616 Million link Jupiter is set to conduct its “Jupuary” airdrop on Wednesday, distributing approximately 700 million JUP tokens (valued at around $616 million) to the community. This airdrop is primarily targeted at two groups: “users and stakers” and the core community...

Bitcoin’s break above $32,400 points to the continuation of the bull move, but will traders be able to sustain the current momentum? Bitcoin (BTC) easily soared above the $31,000 to $32,400 resistance zone on Oct. 23, which came as a suprise to many market participants. Usually, the price tends to consolidate or hesitate near stiff overhead resistance levels but that was not the case this time around. Market participants are bullish as they anticipate a Bitcoin spot exchange-traded fund to receive approval sooner rather than later. Bloomberg ETF analyst Eric Balchunas said in a post on X (formerly Twitter) on Oct. 23 that the listing of BlackRock’s spot Bitcoin ETF on the Depository Trust & Clearing Corporation (DTCC) was “all part of the process” of bringing the ETF to market. He added that it was “hard not to view this as them getting signal that approval is certain/imminent.” However, a DTCC spokesperson later said that the listing of the said ETF has been there since August an...