[US market]Bitcoin maintains over $21,000 ── FTX donates to more than one-third of US lawmakers | coindesk JAPAN | Coindesk Japan

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More than a third of the 535 members of Congress received donations from FTX.

CoinDesk has identified 196 lawmakers who received cash from former FTX CEO Sam Bankman-Freed or other senior executives. From big names such as new House Speaker Kevin McCarthy and Senate Majority Leader Chuck Schumer to newcomers, names are aplenty.

After lawmakers received the money, it turned out to be from a huge financial scam. CoinDesk asked all 196 lawmakers what they would do with the support they received.

Most lawmakers who responded said they donated to charity. In addition to fraud charges, it is to remove the stain of support from former CEO Bankman-Fried, who is accused of violating campaign finance laws. Some lawmakers said they had discussed with the Justice Department about setting aside money until a fund was created to cover the damage.

Rep. Lou Correa is one of the congressmen who received the donation from FTX. The senator received the full limit of $2,900 (about 370,000).

“I don’t know or have spoken to this person,” said Correa, who said he would donate the same amount to his alma mater, California State University, Fullerton.

Market trend

Source: CoinDesk

Bitcoin (BTC): Almost flat in 24 hours, maintaining over $ 21,300. It rose more than 23% in one week. Multiple indicators reveal at least part of the driving force behind the rise.

Ethereum (ETH): Similarly, it remained almost flat, around $1,590. It rose about 19% in one week.

stock market: The stock market ended mixedly as big banks including Goldman Sachs reported fourth-quarter results. Crypto-focused Silvergate Capital lost $1 billion in the fourth quarter. The Dow Jones Industrial Average fell 1.1% and the S&P 500 fell 0.2%. The Nasdaq rose 0.1%.

latest price

● CoinDesk Market Index (CMI): 1,022.14, +0.5%
Bitcoin: $21,326, +0.9%
Ethereum: $1,581, +0.0%

● S&P500: 3,990.97, -0.2%
Gold: $1,911, -0.1%
● US 10-year yield: 3.54%, ±0.0

market analysis

Source: Glassnode

Bitcoin “whales” have not moved Bitcoin to exchanges. This is a common behavior when prices rise significantly.

Whales (holders of more than 1000 bitcoins) can have a large impact on the market by buying and selling due to their size. The recent lack of movement in whales suggests that they are not judging the recent uptrend as a time to sell. The move will need to be watched closely, but it will be a boon for investors hoping for a rally.

｜Translation: coindesk JAPAN
｜Editing: Takayuki Masuda
| Image: Pindar Van Arman/CoinDes
｜Original: Crypto Markets Today: Bitcoin Holds Strength Above $21K, Congress’ FTX Problem