O’Neil Global Cryptocurrency Weekly

Fairshake, a super political action committee (PAC) that is backing crypto-friendly candidates, has now received $4.9M from billionaire
twins Cameron Winklevoss and Tyler Winklevoss. The Winklevoss join a list of high-profile crypto investors backing the Super PAC,
such as Andreessen Horowitz (a16z), ARK Invest, and crypto companies like Circle, Ripple, Coinbase (COIN), and others.

O’Neil Global Cryptocurrency Weekly

The crypto exchange’s Q4 transaction revenue doubled q/q as it attracted more traders to its platform and more clients for its subscription and services business. Total Q4 revenue was $954M (+52% y/y; 41% q/q), above the street estimates of $826M. Total transaction revenue jumped 64% y/y to $529M and net income came in at $273M. It could see further upside as it potentially works with ETF issuers through its custody, prime trading, and trade settlement businesses.

O’Neil Global Cryptocurrency Weekly

Indian crypto pioneers Nischal Shetty (WazirX founder) and Avinash Shekhar (ex-CEO Zebpay) joined forces to unveil Pi42. The exchange offers rupee-denominated futures trading, marking a pivotal moment for the country’s digital currency enthusiasts, offering a localized platform tailored specifically for the needs of Indian traders.

O’Neil Global Cryptocurrency Weekly

The BTC-spot ETF market saw a fourth consecutive day of inflows Wednesday (January 31), with ~$200M on the day, taking the total inflows to ~$1.46B since launch. Fidelity Wise Origin Bitcoin Fund (FBTC) topped the flow rankings, with net inflows of $232.1M and iShares Bitcoin Trust (IBIT) saw net inflows of just $116.2M despite recording higher trading volumes than FBTC.