News

BlockBeats News, January 13th, according to OnchainLens monitoring, a whale address spent 501 ETH (approximately $1.57 million), buying 9,157 AAVE at a price of $171.4. Previously, the whale had accumulated and staked 78,074 AAVE (approximately $16.75 million) at a price of $214.5, earning a staking reward of 463.48 AAVE (approximately $79,000). However, the overall position is currently at a unrealized loss of about $3.33 million.

BlockBeats News, January 13th. The Bank of Thailand has included the stablecoin USDT in its fund flow monitoring framework as part of efforts to combat "grey money." According to local media, the central bank found that about 40% of USDT sellers on local Thai platforms are foreign traders, and such activities "should not occur in Thailand." The central bank governor stated that stablecoins, along with cash, gold trading, and e-wallet fund flows, are now subject to increased scrutiny. Despite the small scale of the domestic crypto market, it could be used for illegal or grey fund flows, potentially affecting macroeconomic stability in the long run. This action follows the Thai government's directive issued on January 9th, which called for stricter reporting and wallet identity rules for digital asset and gold trading, with supervision conducted jointly by the central bank, tax authorities, and other agencies.

BlockBeats News, January 13th, according to Bloomberg, crypto-friendly bank Old Glory Bank announced that it will go public through a merger with blank-check company Digital Asset Acquisition Corp. Old Glory, originated in Oklahoma, USA, is a traditional banking institution that completed a rebranding in 2022 to transform into a digital bank. The bank stated that it plans to fully integrate cryptocurrency into its lending, deposit, and investment products in the future. Reports indicate that Old Glory has close ties to several US right-wing political figures, and this IPO is seen as a landmark event where crypto finance intersects further with political influence.