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【Crypto Market】There has been frequent activity in the cryptocurrency market over the past week, with new developments in regulation, projects, and on-chain data.

On the regulatory front, there have been new changes—the U.S. Senate Banking Committee will vote on the CLARITY Act on January 15. This bill has been closely watched by the industry, and this vote could bring clear regulatory signals.

The project ecosystem is also turbulent. The BSC Foundation has made investments, spending $50,000 each to purchase Hakimi and Laozi. Meanwhile, prediction markets on BSC are heating up, with single-day notional trading volume breaking through the $400 million mark, and open positions hitting a historical high of $150 million, showing very high market participation enthusiasm.

On-chain data tells a more interesting story. A certain whale transferred nearly 420,000 TRUMP tokens to a major exchange this morning; industry insiders speculate that if “surrendering” to sell, it could face a loss of approximately $2.5 million. At the same time, there are new developments in the Truebit hacker incident—the hacker has transferred all 8,535 ETH to Tornado Cash, with this batch of assets valued at approximately $26.44 million. On the other hand, Tom Lee’s Bitmine is actively deploying, having cumulatively staked 1.08 million ETH, with a total value reaching $3.33 billion. Additionally, a Vitalik-associated address deposited 330 ETH to Paxos, valued at approximately $1.02 million.

There are also new developments on the project side. The founder of the Life K-line project announced the upcoming launch of a “cyber merit box” feature, attracting community attention.

On the public opinion front, comments by an X platform product manager that “crypto tweets are dying a suicidal death” sparked considerable controversy, but the comments were later deleted, allegedly under pressure.

Finally, analysts point out that Japan’s classification of Bitcoin as a financial product may have adverse effects on related projects like Metaplanet, a development worth paying attention to.

TRUMP1,98%
ETH2,31%
BTC1,96%
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