Lava Network is excited about its Gate.io listing on January 9, 2025, at 10:00. The blockchain platform’s role is integrating AI agents, apps, and wallets to several blockchains. Lava ensures lowest downtime and maximum efficiency for over 1 million daily users with extremely reliable RPC services. It supports NEAR and Starknet.
US Bitcoin ETFs See Major Outflows
U.S. spot Bitcoin ETFs saw their worst outflow in three weeks on January 8, reaching $582.9 million. After Bitcoin temporarily dropped below $93k, market panic ensued. The top withdrawals were $258.69 million from Fidelity’s FBTC and $148.3 million from ARK 21Shares’ ARKB. IBIT outflows were $124.05 million for BlackRock.Bitwise and lesser withdrawals from Invesco Galaxy’s BTCO and Grayscale’s also occurred.
The Gate.io listing will increase $LAVA’s liquidity and exposure to millions of traders and investors, boosting its blockchain growth. Significant outflows of $582.9 million hit U.S. Lava Network spot Bitcoin ETFs on January 8, the largest outflow in three weeks. Following Bitcoin’s brief plunge below $93,000, key withdrawals of $258.69 million from Fidelity’s. Million from and $124.05 million from sparked market fears.
Oklahoma Introduces Bitcoin Freedom Act
To include Bitcoin in the financial system of the state of Oklahoma, Senator Dusty Deevers presented the Bitcoin Freedom Act (SB325) on January 8. Businesses would be able to take Bitcoin as payment for goods and services, and employees would be able to receive a salary in Bitcoin if the bill were to pass.
An alternative to the US dollar that is stable and resistant to inflation is proposed to fight inflation. The Bitcoin Freedom Act sets Oklahoma up to be a frontrunner in Bitcoin integration because it encourages voluntary involvement, which fosters organic growth in crypto use without imposing mandates.
SEC Deadline Approaches in Ripple Case
January 15 is the deadline for the United States Securities and Exchange Commission to submit its opening brief in the Ripple litigation. Lava Network The brief will center on XRP’s secondary sales, penalties, and other relevant matters. The SEC raised objections to Ripple’s cryptocurrency exchange sales and the personal purchases made by CEOs.
Brad Garlinghouse and Chris Larsen, among other things, did not contest Judge Torres’ ruling that XRP is not a security. After SEC Chair Gary Gensler resigned, experts predicted a settlement was imminent, with Ripple paying fines of up to $125 million and the matter likely settled by April or May.
Summary
On January 9, 2025, the Lava Network will be listed on Gate.io, which will increase its blockchain’s growth and liquidity. As a result of the decline in Bitcoin’s price, U.S. Bitcoin ETFs saw substantial withdrawals amounting to $582.9 million. Lava Network Senator Dusty Deevers of Oklahoma proposed the Bitcoin Freedom Act, which would legalize the use of Bitcoin by companies and their employees. Experts are projecting a possible settlement with fines of up to $125 million, and the SEC is expected to submit its brief in the Ripple case by January 15.
