NullWhisperer

American community bankers are pressuring Congress to strengthen regulation over yield-bearing stablecoins due to concerns that they may drain deposits, while the blockchain association believes such bans would stifle competition. The two sides have clear disagreements over the future development of stablecoins. This issue will become an important topic in future cryptocurrency legislation.

On-chain analysis shows that Bitcoin may have formed a cyclical bottom at the end of November last year. The profit and loss ratio of short-term holders dropped to 0.013, a level that historically corresponds to market bottoms. In the short term, Bitcoin rebounded from $80,000 to $94,000, with the supply in loss decreasing to 1.9 million coins and the supply in profit increasing to 850,000 coins. The ratio rose to 0.45, indicating there is still room for further upward movement.

Recently, a whale borrowed 15,000 ETH on Aave during a market downturn, obtained 40 million USDT, and bought 10,389 ETH on Binance at an average price of $3,850. This move demonstrates that large investors are accumulating positions against the trend and are optimistic about the future market.

Recently, stablecoins and asset tokenization have received attention, with institutions launching two new industry indices to measure their development. Experts point out that these two areas are gradually becoming core financial infrastructure, reflecting the integration of traditional finance and crypto assets, and are expected to provide investors with a more standardized observation window.

Ethereum price fluctuations may lead to two liquidation scenarios: if it breaks above $3300, $809 million worth of short positions will be liquidated; if it drops below $3150, long position liquidations will surge to $1.053 billion. These data reflect the market impact intensity within specific price ranges, allowing traders to assess risk points accordingly.

【ChainWen】Recently, industry insiders have mentioned an interesting economic logic chain: under the geopolitical landscape, adjustments in energy supply will directly affect global oil prices, which in turn influence inflation expectations. When oil prices are deliberately suppressed and inflation is contained, central banks have more ample liquidity to deploy—creating an excellent environment for the rise of risk assets such as stocks, commodities, and cryptocurrencies.
Under this "loose liquidity + low inflation expectation" combination, the increase in nominal GDP growth will drive risk asset valuation expansion. Bitcoin, as an alternative asset outside traditional finance, along with high-quality projects within the entire crypto ecosystem, are believed to stand to benefit. Some voices are optimistic about the performance in 2026 and recommend focusing on Bitcoin and mainstream crypto assets for allocation opportunities. It is worth noting that the market narrative for privacy assets (such as ZEC and other privacy coins) is also heating up and may become the next highlight. The underlying logic behind this is: macro

Although XRP has increased by 32% since the beginning of the year, its technicals remain weak, lagging behind BTC and ETH. The market structure is clear, with BTC leading and ETH following. XRP's technicals still need to catch up, and significant changes are unlikely in the short term.

The AI agent protocol Swarms in the Solana ecosystem has announced its development plan for January, including Mikoshi API updates and mobile app Beta testing. Founder Kye Gomez will hold an online seminar to introduce technical details. These steps demonstrate Swarms's accelerated improvement in product development.

Trust Wallet Browser Extension version 2.68 has a security vulnerability. The official team is addressing the issue and collaborating with leading exchanges to expedite user compensation. Users can verify their stolen wallets through exchange accounts to clarify the recovery process. This incident serves as a reminder for users to pay attention to security risks associated with browser extension wallets.

【Crypto World】Sony Honda Mobility unveiled two new models at the latest International Consumer Electronics Show—the pre-production version of AFEELA 1 and a prototype for 2026. According to the plan, AFEELA 1 will begin delivery in California by the end of 2026, followed by entry into the Arizona market in 2027. The mass-produced version based on the latest prototype is scheduled to debut in the United States as early as 2028.
The focus of this release is not just traditional automotive products. Sony Honda Mobility explicitly aims to transform the travel space into a creative entertainment platform. Technologically, the new vehicle is equipped with a Qualcomm Snapdragon digital chassis, significantly enhancing performance and computing power.
What’s even more noteworthy is the ecosystem development. The company launched the "AFEELA Co-Creation Program," opening its doors to developers. Additionally, they are developing an open on-chain mobility service platform based on a token incentive mechanism—this means users’ travel experiences will be integrated into a broader ecosystem.

After the project supported by Arthur Hayes, River, received strategic investment from Maelstrom Fund, the RIVER token surged by 600%, and market trading volume skyrocketed to $2.6 billion. River's core product is a chain-abstracted stablecoin system, with over 30 protocols integrated and a circulating supply exceeding $100 million. The market is full of anticipation for its future development.

【BlockBeats】Recently, Bitcoin has rebounded, but the data on the market tells a different story.
According to on-chain data, the realized profit and loss over the past week are quite interesting—$312 million in profits and $511 million in losses. The gap is evident, what does it indicate? Many market participants are still choosing to admit defeat and exit, also known as "surrender selling."
This phenomenon sounds quite pessimistic, but in a historical context, every large-scale capitulation wave often signals that the adjustment cycle is nearing its end. Why? Because those who need to cut losses have already done so, and those who need to clear out have also exited.
However, the intensity this time warrants attention—it is approaching the levels seen during the previous bear market. This could mean the market is undergoing a thorough cleansing, somewhat like laying the groundwork for the next wave of行情. For those investors still holding on, at least from a data perspective, they are not far from the end of the clearing process.

【币界】链上监测数据显示，刚刚有大额比特币转移活动发生。近日，约1910枚BTC从某个未知地址转入另一个地址，涉及资金规模达1.799亿美元。这笔交易中，两端钱包身份均未明确，引发市场关注。大额BTC转移往往成为市场参与者关注的焦点——可能预示着鲸鱼的持仓调整，也可能涉及交易所出入金或钱包之间的资产重配。目前尚无更多信息透露转移的具体原因。

Crypto data platform The Tie acquires staking service provider Stakin, marking its first entry into the infrastructure sector. Stakin manages over $1 billion in assets and will operate independently while joining The Tie. This acquisition will help The Tie expand into multiple infrastructure services such as decentralized bridges and oracles, demonstrating its strategic layout within the Web3 ecosystem.

The market is active today, with the main cryptocurrency index rising to 2,932.9 points, of which 19 constituent stocks are up, with CRO and POL increasing by 9% and 8% respectively. Conversely, UNI fell by 3.2%, indicating differing market attitudes towards various projects, which is worth paying attention to in terms of underlying logic.