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BlockBeats News, January 12, according to Onchain Lens monitoring, the largest Ethereum Decentralized Treasury (DAT) company BitMine further staked 109,504 ETH, worth $340.49 million. So far, BitMine has staked a total of 1,190,016 ETH, with a total value of $3.7 billion.

PANews reported on January 12 that, in response to the question "How long does it usually take for the US SEC to process JPMorgan's BTC ETF application?", Bloomberg analyst James Seyffart stated: "It takes at least 75 days from the date of application submission. So it will be around March 23 at the earliest."

According to Bloomberg, a certain exchange is ramping up pressure on U.S. lawmakers to retain the ability to offer rewards to customers holding stablecoins. The company believes that if the restrictive provisions currently under discussion are included in the major cryptocurrency bill to be announced on Monday, this business will be at risk. Sources familiar with the matter said that if the bill includes more than just enhanced reward disclosure requirements, the exchange may reconsider its support for the Digital Asset Market Structure Bill, which will be reviewed by at least one Senate committee on Thursday. Industry insiders revealed that the plan under consideration is to limit the ability to offer rewards to regulated financial institutions. This move is supported by some in the banking industry, who believe that yield-bearing stablecoin accounts will siphon off traditional bank deposits. The exchange has applied for a national trust charter, which could allow it to offer rewards under the new rules. However, crypto-native companies are pushing to retain platform-based reward models, even without a trust charter, and warn that broader restrictions would disrupt industry competition. The specific wording of the bill is still unclear, but it will add some provisions regarding rewards. This issue has already weakened bipartisan support for the market structure bill and could delay its passage. According to sources, a potential compromise is to allow only financial institutions with a banking license to offer rewards on stablecoin balances. Recently, five crypto companies received conditional approval from the U.S. OCC to become national trust banks. Given these recent approvals, a market structure bill allowing trust-chartered companies to offer yields could appease some crypto firms. If restrictions are implemented, industry insiders believe it will trigger a "whack-a-mole" scenario, with crypto companies seeking alternative ways to reward users.