Crypto Morning Report: X revokes "Reward Posting App" API access, Bitmine invests in MrBeast

Author: Deep潮 TechFlow

Yesterday’s Market Dynamics

US initial jobless claims for the week ending January 10 were 198,000, versus an expected 215,000

According to Jin10 Data, US initial jobless claims for the week ending January 10 were 198,000, versus an expected 215,000, with the previous value revised from 208,000 to 207,000.

Senate Banking Committee cancels market structure adjustment meeting due to Coinbase controversy

According to EleanorTerrett, the Senate Banking Committee announced the cancellation of the scheduled market structure adjustment meeting tomorrow, citing the dispute with Coinbase that occurred today. A new meeting date has not yet been set.

CME Group to launch Cardano, Chainlink, and Stellar futures

CME Group announced it will launch futures for Cardano (ADA), Chainlink (LINK), and Stellar (XLM) on February 9 to expand its crypto derivatives product portfolio.

Fogo announces open airdrop claim

According to official announcement, SVM Layer1 blockchain project Fogo announces the opening of airdrop claims.

X has revoked API access for “Reward Posting App”

According to X product lead and Solana ecosystem advisor Nikita Bier, the X platform is revising developer API policies, and applications rewarding users for posting on X will no longer be allowed. Bier stated that such applications have led to大量 AI-generated low-quality content and spam replies on the platform. X has revoked API access for these applications, and user experience will soon improve. For developer accounts whose API access has been terminated, X has stated it will assist in transferring their business to Threads and Bluesky platforms.

Interactive Brokers launches 24/7 USDC account funding support, plans to expand more stablecoin options

According to The Block, traditional broker Interactive Brokers announced that traders can now use Circle’s USDC for 24/7 account funding, enabling round-the-clock trading.

CEO Milan Galik said stablecoins offer faster, cheaper, and globally accessible funds compared to traditional wire transfers. This integration is supported by crypto infrastructure provider Zerohash, allowing users to send USDC via Ethereum, Solana, or Base networks, which will be automatically converted to USD and deposited into brokerage accounts. Interactive Brokers plans to expand support for more stablecoins such as Ripple’s RLUSD and PayPal’s PYUSD as early as next week.

State Street launches digital asset platform to expand crypto business

According to Bloomberg, global custodian bank State Street Corporation announced the launch of a digital asset platform aimed at expanding its business in this rapidly growing asset class. The Boston-based company’s statement said the new platform will develop and support money market funds, exchange-traded funds (ETF), and cash products including tokenized deposits and stablecoins.

MilkyWay Protocol announces imminent permanent shutdown

According to the official MilkyWay Protocol announcement, the protocol will soon be permanently shut down and liquidation procedures will begin.

The announcement states that the decision to close was due to the decentralized finance demand not growing as expected, short-lived re-staking market demand, interruption of the physical asset tokenization plan, and insufficient funds.

MilkyWay completed a snapshot on January 14, and will automatically distribute protocol fees in USDC proportionally to MILK token holders. All liquidity staking functions are now disabled, and existing positions will be automatically unstaked. MilkyWay, initially a provider of the first liquidity staking token (LST) for Celestia, later expanded to the Initia and Babylon ecosystems, and attempted to launch services such as re-staking, physical asset tokenization, and payment cards.

Polygon layoffs nearly 30%, shifts to payment strategy

According to BeInCrypto, Polygon has laid off about 30% of its staff, as part of its integration after acquiring Coinme and Sequence. The company is shifting from traditional expansion and DeFi narratives to a “open monetary stack” strategy centered on stablecoin payments. Polygon CEO confirmed the layoffs but stated that with the new acquisition team, overall staff numbers are expected to remain stable.

Coingecko co-founder responds to sale rumors: will regularly evaluate strategic opportunities, platform operations normal

In response to reports that crypto data platform CoinGecko is considering a sale at an estimated valuation of about $500 million, co-founder and CEO Bobby Ong posted on X that they have received many inquiries about a potential sale. He said Coingecko has been operating for 12 years and, like any growing and profitable company, will regularly evaluate strategic opportunities to strengthen the business and accelerate its mission. He stated that he will not comment on specific acquisition deals for now but is excited about the potential to better serve users and support crypto industry adoption. CoinGecko will continue normal operations, with no changes to its working methods or the way it provides trustworthy data.

Bitmine announces $200 million investment in MrBeast’s Beast Industries

According to Prnewswire, Bitmine announced an investment of $200 million in MrBeast’s Beast Industries, with the transaction expected to be completed around January 19.

Market Dynamics

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