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The improvement of the regulatory framework promotes institutional capital to enter the crypto market. Goldman Sachs analysts pointed out that the "Clarity Act" will provide clear regulation for tokenized assets and DeFi, encouraging institutional compliance and participation. The bill needs to be passed before 2026. Successful implementation will accelerate institutional entry and enhance market maturity.

【Crypto World】Circle's official latest release of stablecoin operation data as of the week ending January 8th shows some interesting insights.
Over the past 7 days, 5.4 billion USDC were newly issued, while 5.7 billion USDC were redeemed, resulting in a net decrease of 300 million in total circulation. Currently, the total circulating supply of USDC remains stable at 74.9 billion.
What’s more noteworthy is the composition of the reserves. Of the $75 billion in reserves, overnight reverse repurchase agreements account for the majority, approximately $50.7 billion; short-term U.S. Treasuries with maturities of less than 3 months amount to $13.7 billion; deposits from systemically important institutions are about $9.9 billion; the remaining $700 million is spread across other bank deposits.
This allocation clearly reflects Circle’s conservative approach to risk management—U.S. Treasuries and repurchase agreements make up nearly 70%, indicating ample liquidity. For USDC users, this reserve structure, heavily concentrated in USD assets, also contributes to stability.

New developments in U.S. Congress cryptocurrency legislation: Senate Agriculture Committee Chairman Boozman is considering delaying the January 15 vote, depending on the outcome of bipartisan negotiations. Currently, there are disagreements between parties, and the industry hopes to find a policy balance to advance the legislative process.

MicroStrategy's Saylor stated on the program that if Bitcoin's annual increase is only 10.5% or lower, the company's stock performance might be better, reflecting the strategy of listed companies increasing Bitcoin holdings to amplify returns, as well as institutional optimism about Bitcoin's medium-term performance.

【BlockBeats】Recently, a federal official published an article analyzing the latest employment report, pointing out that December's data provides the Federal Reserve with sufficient reason to remain on hold this month. Specifically, non-farm employment increased by only 50,000, which is a rather weak performance. More notably, the three-month average private sector hiring has fallen to 29,000, the second-lowest level of the year.
These figures reflect not just a temporary fluctuation but the emergence of a new trend in the labor market for 2025—"slow hiring, slow layoffs." Companies are contracting, but the scale is not large, and the entire market remains cautious and watchful.
However, the unemployment rate has not continued to rise, temporarily alleviating market concerns about a rapid deterioration of the labor market. It was the concerns about employment prospects in the previous months that drove the Federal Reserve to cut interest rates three times in a row. Now, the market has essentially reached a consensus: at the January 27-28 meeting, the Federal Reserve is very likely to pause rate cuts, continuing

Ethereum is currently facing severe liquidation pressure, with limited price fluctuation room. A fluctuation exceeding 10% will trigger a large number of forced liquidations. During upward movements, short orders face risks, while during downward movements, long positions are at great risk, and market sentiment is very tense.

The US labor market shows signs of cooling, with only 584,000 new jobs added in 2025, down from 2 million in 2024. This shift may signal an economic cycle adjustment and influence the Federal Reserve's monetary policy, potentially benefiting the crypto market and risk assets. However, short-term reactions should focus on inflation data and the Fed's stance.

Nasdaq collaborates with CME Group to upgrade the Nasdaq Crypto™ Index to the Nasdaq CME Crypto™ Index, aiming to provide regulated crypto products as foundational tools for institutional investors. Through CF Benchmarks' calculation and transparent governance, it enhances compliance and promotes the integration of traditional finance and the crypto market.

A leading Bitcoin technology company has acquired a trading company's Bitcoin business, including its revenue generation tools and derivatives trading team. This marks an enhancement in institutional-level Bitcoin trading capabilities and demonstrates ongoing institutional interest and investment in the derivatives market. The overall market professionalism will be further strengthened.

【Crypto World】The role of wallets has been quietly transforming. Remember the Bitcoin era, when they were just private key signing tools? By the time of DeFi Summer, the situation had changed dramatically—wallets suddenly became an essential gateway to on-chain finance. High-frequency inscription transactions and Meme speculation allowed All-In-One wallets to evolve from management tools into trading hubs, holding the power to distribute traffic.
This wave of change pushed exchanges into a corner. In the past, users moved in and out of CEXs, and the wealth effect of VC coins attracted countless people. But now? New assets and high yields are moving on-chain, and users are spending less and less time on exchanges. CEXs realized they can no longer sit and wait.
On-chain solutions have become the new answer. But note, this is not simply about moving non-custodial wallets onto exchanges. What is the real gameplay? Under the premise of protecting users' asset sovereignty, the goal is to transform the exchange into...

Latest data shows that the Bitcoin premium index of a US-based trading platform has been negative for 25 consecutive days, currently at -0.0837%. This indicates a decline in market enthusiasm in the US, increased selling pressure, and reduced risk appetite among investors, which is significant for observing global capital flows.

【Blockchain Rhythm】 Recently, there have been many interesting phenomena on the BSC chain. Meme coins primarily narrated in Chinese have been particularly eye-catching these days, with new coins experiencing explosive growth immediately after launch, and some older tokens also rising along with the market.
Specifically, some tokens with significant gains include: "Binance Life" up 9% in 24 hours, with a market cap of $147 million and a current price of about $0.147; "Hakeem" up 10% in 24 hours, with a market cap of $38.76 million and a current price of about $0.038. More aggressive gains are seen in "I'm Coming" which surged 420% in 24 hours, with its market cap dropping from a high of $16 million today to $13 million, and a current price of about $0.013; "Life K-line" increased by 360%, with its market cap rebounding to approximately $3.09 million and a current price of about $0.003.
Behind this wave of market activity, market sentiment has clearly warmed up. However, it is important to remind that Meme coins

Recently, the Meme coin testicle on the Solana chain has attracted attention due to its price surge, with a 24-hour increase of 260% and a market capitalization of $6.1 million. However, Meme coin trading carries significant risks, as prices depend heavily on market sentiment. Participants should exercise caution and manage risks carefully before engaging.