Hello, ApolloXplorer!Have you seen today’s key headlines yet?<h2 id="header-0">#1. US Federal Reserve warn banks about crypto</h2>The U.S. Federal Reserve and other regulators issued a crypto warning for the banking system on Tuesday.The statement doesn’t detail any new policies about how traditional lenders can deal with digital assets.Issuing digital tokens or holding them on their own balance sheets “is highly likely to be inconsistent with safe and sound banking practices,” the agencies argued. The regulators said they have “significant safety and soundness concerns with business models that are concentrated in crypto-asset-related activities.”Source: <a href="https://www.coindesk.com/policy/2023/01/03/us-federal-reserve-other-agencies-continue-to-warn-banks-about-crypto/" rel="noopener noreferrer nofollow">CoinDesk</a><h2 id="header-1">#2. SBF met senior Biden officials four times in 2022</h2>Former FTX CEO Sam Bankman-Fried met with senior Biden administration officials in the White House on four occasions in 2022.The meetings were revealed in White House records recently made public.White House Press Secretary Karine Jean-Pierre insisted that all the meetings focused primarily on Bankman-Fried’s nonprofit pandemic preparedness initiatives.However, she also stated that the conversations may have also pertained to “general information” regarding the cryptocurrency industry and crypto exchanges.Source: <a href="https://decrypt.co/118319/white-house-claims-meetings-between-sbf-and-senior-biden-officials-were-about-pandemic" rel="noopener noreferrer nofollow">Decrypt</a><h2 id="header-2">#3. Grayscale ETH trust nears record 60% discount</h2>The Grayscale Ethereum Trust (ETHE) is trading at nearly a 60% discount to the underlying value of its assets..In recent weeks, fear has been growing that parent company Digital Currency Group’s debt of around $1.6 billion to crypto lender Genesis could impact Grayscale assets.The Ethereum Classic Trust is hit hardest, currently trading at a 77% discount. The Grayscale Bitcoin Trust (GBTC) is trading at a 45% discount.Source: <a href="https://cointelegraph.com/news/grayscale-eth-trust-nears-record-60-discount-as-nerves-continue-over-dcg" rel="noopener noreferrer nofollow">Cointelegraph</a><h2 id="header-3">#4. Heatbit launches space heater that mines Bitcoin</h2>Two-year-old startup Heatbit has launched a space heater that can warm 500 square feet of space while mining bitcoin.The heater is about the size of an extra large PC computer tower. It has sold nearly 1,000 units globally.Integrated circuits inside the devicey process bitcoin transactions and perform trillions of calculations per second. That activity generates bitcoin rewards via bitcoin mining pool Nicehash and also heat.Heatbit says running the heater 24 hours a day at a bitcoin price of $20,000 will put $30 back into users’ pockets every month to help cover their electricity bills.Source: <a href="https://www.coindesk.com/business/2023/01/03/heatbit-space-heater-will-also-mine-bitcoin/" rel="noopener noreferrer nofollow">CoinDesk</a><h2 id="header-4">#5. Magic Eden image hosting provider “compromised”</h2>NFT marketplace Magic Eden had some NFT thumbnails displayed as pornographic images or stills from TV show Big Bang Theory.It assured users that it had not been hacked, but its  third-party image hosting provider was “compromised.”At the time of writing, the issue appears to have been rectified, with Magic Eden urging users to do a hard refresh of their browser.Source: <a href="https://decrypt.co/118329/magic-eden-nfts-porn-big-bang-theory" rel="noopener noreferrer nofollow">Decrypt</a>--The ApolloX app is available on Apple Store or Google Play <a href="https://apollox.onelink.me/rf4R/cmccommunity" rel="noopener noreferrer nofollow">here</a>.Stay up to date with ApolloX!<a href="https://t.me/apollox_com" rel="noopener noreferrer nofollow">Telegram</a> |<a href="https://twitter.com/ApolloX_com" rel="noopener noreferrer nofollow"> Twitter</a> |<a href="https://www.facebook.com/ApolloXcom" rel="noopener noreferrer nofollow"> Facebook</a> |<a href="https://www.instagram.com/apollox_com/" rel="noopener noreferrer nofollow"> Instagram</a> | <a href="https://apollox.link/blog-discord" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://apollox.link/blog-APXNewsStation" rel="noopener noreferrer nofollow">ApolloX News Station</a> | <a href="https://coinmarketcap.com/community/profile/ApolloX" rel="noopener noreferrer nofollow">CMC</a>

Crypto News of the Day: Grayscale ETH trust nears record 60% discount, Heatbit launches space heater that mines Bitcoin

Table of Contents

APX

Other articles published on Jan 4, 2023

Bitcoin’s Correlation to Tech Stocks is Hitting Record Levels

SolidProof Announces New Affiliate Reward System for KOLs

Staking On Adonis Blockchain

Adonis Blockchain

Federal Reserve Releases Statement on Crypto-Asset Risks to Banks

Borrowing USDC with $AXS: A Guide

Join our free newsletter for daily crypto updates!