Solana Chain Meme Coin PAIN Announces Refund of 80% of Pre-sale Funds

According to the official announcement of PAIN, it raised 185,976 SOL in 48 hours, setting a record for the highest dollar value of meme coin pre-sale in the history of Solana chain.

Solana Chain Meme Coin PAIN Announces Refund of 80% of Pre-sale Funds

Solana chain meme coin PAIN announced that it raised 185,976 SOL in 48 hours, setting a record for the highest dollar value of meme coin pre-sale in Solana chain history.

PAIN, the official meme coin of "Hide the Pain Harold", is designed to express pain rather than increase investors' losses. The team announced that it will refund 80% of the pre-sale funds, leaving only 20% to start liquidity, pay listing fees, etc.

The distribution plan will be calculated based on the proportion of SOL invested by the user, but the robot address of 0.9 SOL and the CEX funds of 212.3 SOL will not be distributed. All funds sent after block 318346069 will also be returned.

Standard Chartered predicts Bitcoin will rise to $500,000 during Trump's term

Standard Chartered predicts that Bitcoin will rise to $500,000 during Trump's term, close to half of the market value of gold.

BTC is expected to reach $200,000 in 2025, $300,000 in 2026, $400,000 in 2027, and $500,000 in 2028, with a total market value of $10.5 trillion. The main driving factors include the Bitcoin spot ETF attracting $39 billion in inflows, the improvement of the US regulatory environment, and the Trump administration's consideration of establishing a national digital asset reserve.

Standard Chartered believes that as volatility decreases, the proportion of Bitcoin in investment portfolios will increase, attracting more traditional investors and driving long-term gains.

US Federal Deposit Insurance Corporation releases 175 crypto-related bank regulatory documents

According to the FDIC official website, the U.S. Federal Deposit Insurance Corporation (FDIC) released 175 documents today regarding the supervision of banks involved in or attempting to participate in crypto-related businesses.

Acting Chairman Travis Hill said that the FDIC had previously published 25 "suspension" letters received by 24 banks, and the documents published this time include more correspondence between these banks and related communication records of other banks. The documents show that banks' requests for encryption business generally encountered resistance, including regulators' repeated requests for additional information, long-term non-response or direct instructions to suspend all encryption and blockchain activities, which led most banks to eventually give up related attempts.

Hill said that the FDIC is re-evaluating the regulatory approach to crypto-related businesses and plans to replace the 2022 regulatory guidelines (FIL 16-2022) to provide banks with a compliant path for engaging in crypto business while ensuring security and robustness. The FDIC will also participate in the presidential working group to cooperate with the January 23 presidential executive order on the regulatory discussion of the digital asset market.

NYSE Applies to Convert Grayscale Litecoin Trust into Spot LTC ETF

According to disclosure documents, the New York Stock Exchange (NYSE) has filed Form 19b-4 to convert the Grayscale Litecoin Trust into a spot Litecoin ETF.

The application is part of a proposed rule change and is being reviewed by the SEC (U.S. Securities and Exchange Commission), and the public can submit comments on it. If approved, this will be another compliant spot crypto asset ETF after the Bitcoin and Ethereum ETFs, which may bring new liquidity and investment opportunities to the LTC market. The SEC has previously approved a Bitcoin spot ETF and is reviewing other crypto asset ETF applications.

Pudgy Penguins destroyed 12.16 billion unclaimed PENGUs, accounting for 13.69% of the total supply

According to the official announcement of Pudgy Penguins, after the (airdrop) collection period ended, the team had destroyed 12,164,667,616 $PENGU, accounting for 13.69% of the total supply.

MicroStrategy Q4 financial report: Net loss of $670.8 million, purchased more than 210,000 BTC

MicroStrategy (now “Strategy”) announced its fourth-quarter financial results and nearly doubled its Bitcoin holdings. Operating expenses for the quarter reached $1.103 billion, up 693% year-over-year. The company reported a net loss of $670.8 million on total revenue of $120.7 million, about $3 million below consensus expectations and down 3% from last year. As of December 31, 2024, the company had $38.1 million in cash and cash equivalents, down from $4