OnChainDetective

【Crypto World】You may not have noticed, but the trading volume of stablecoins on the chain has long surpassed that of Bitcoin and Ethereum combined—these two are nowhere near as popular. This asset has become the lifeblood of DeFi for borrowing, trading, and transferring funds. Currently, the US is pushing forward with relevant legislative frameworks, focusing on the issuer’s capital reserves, auditing systems, and licensing requirements. The overall regulatory approach is gradually taking shape. Once this framework is implemented, the stablecoin market will be divided into two camps: one consisting of compliant, regulated players, and the other made up of less regulated, fringe participants. This means DeFi protocols will be forced to prioritize compliant stablecoin assets and adjust according to institutional requirements. Of course, this also comes at a cost—the yields will decrease, and risks will be correspondingly reduced. From another perspective, this consolidates Ethereum’s position as the settlement layer, and certain compliant trading platforms will benefit as well, since they can directly integrate regulated stablecoins.

[BlockBeats] Trump disclosed partial employment data in advance on Truth Social last night. According to Nick Timiraos, this data was released ahead of schedule at 8:20 PM ET. This move sparked market attention — premature leaks of economic data often trigger chain reactions in financial markets, and the crypto market has consistently shown high sensitivity to U.S. employment indicators.

The liquidity staking scheme in the Solana ecosystem has recently gained popularity, with a SOL staking token launched by a certain exchange ranking first in net inflow, demonstrating strong user demand for liquidity staking. This scheme ensures fund liquidity while enhancing users' asset utilization and returns, potentially becoming a new trend in DeFi staking.

After the latest employment data from the U.S. Bureau of Labor Statistics was released, market expectations for the Federal Reserve changed. Traders increased their bets on a pause in rate cuts in January, with the probability of rate cuts dropping to 5%. The market interprets the employment situation as not ideal, which has influenced the Federal Reserve's policy decisions.

Ripple has obtained FCA registration in the UK, complying with anti-money laundering and counter-terrorism financing regulations, allowing it to conduct certain cryptocurrency activities. However, this does not mean it has received full financial services authorization. This move reflects Ripple's ongoing efforts in the global compliance process.

Recently, a fintech group was selected as one of the KPMG 2025 Top 50, due to its continuous innovation in fintech and Web3. The company is committed to compliant fintech, providing safer digital asset services, aiming to lower participation barriers and promote industry standardization and healthy development.

Recently, a Web3-focused group was ranked among the Top 50 Fintech Companies in China by KPMG 2025, demonstrating recognition of its innovation in the fintech and Web3 sectors. The group is committed to deepening compliance innovation, providing secure digital asset services, and aiming to lower participation barriers.

【Blockchain Rhythm】 Recently, Bitcoin ETFs have been bleeding quite a bit—yesterday alone, a net outflow of $398.95 million, and a total outflow of $1.12 billion over three days. This level of outflow is quite intense, essentially offsetting the net inflow during the first two trading days of the year.
So what does this really mean? Nick Ruck, an analyst at LVRG Research, offers his judgment: don’t be too pessimistic. He believes that this wave of capital outflow is mainly due to portfolio rebalancing, profit-taking during the rebound phase, and investors' cautious attitude during market consolidation— but this does not mean that the genuine demand from institutions has fundamentally reversed. On the contrary, Bitcoin is still hovering above $90,000, supported by ongoing institutional accumulation.
In fact, this is just normal market fluctuation. How should traders respond? Nick Ruck recommends paying close attention to several signals: first, the trend of ETF capital flows can reflect market sentiment.

【Blockchain Rhythm】Ethereum co-founder Vitalik Buterin recently shared his views on personal privacy on social media. He stated that he has always supported the development and use of privacy tools, not only because he believes privacy itself is important but also because he has personally experienced the value of these tools.
In his view, there is a common misconception in society today: many people believe that personal privacy can be freely disclosed, while governments and law enforcement agencies need to access information of the entire population to maintain order. Vitalik explicitly opposes this view. He pointed out that in reality, government databases are often hacked, and a large amount of sensitive information ultimately flows to foreign hostile forces. This precisely demonstrates that centralized large-scale information storage inherently carries significant risks.
Vitalik also shared his personal experience using privacy tools. When purchasing software for personal use, his name is never entered into any corporate database.

Bitcoin price fluctuations have a significant impact on the futures market. A drop below $89,000 will trigger over $1.127 billion in liquidations, while a rise above $93,000 will lead to $960 million in short liquidations. The intensity of liquidations reflects the market impact of price volatility, and short-term traders should pay attention to key price levels.

There has been a noticeable outflow of funds from the US Bitcoin spot ETF market, with a single-day net outflow of $398 million. The BlackRock IBIT fund led the outflows with $193.3 million, while Fidelity FBTC and Grayscale products also saw significant withdrawals. However, Bitwise and WisdomTree products experienced net inflows, indicating a divided attitude among institutions towards Bitcoin spot ETFs.

An address deposited 378.11 WBTC to an exchange 8 hours ago, worth approximately $34.3 million, attracting market attention. The source is BTC held for three months; selling it would result in a loss of $7.483 million. This move may indicate a large holder's liquidation or market volatility.

【Blockchain Rhythm】ARK Investment Management founder Cathie Wood recently revealed a major piece of information on a podcast: the U.S. government is unlikely to rely solely on confiscated Bitcoin from law enforcement to bolster the national reserves, but will instead directly enter the market to make purchases.
What is this judgment based on? Wood pointed out that although the Trump administration officially established a national Bitcoin reserve framework through an executive order, all the BTC accumulated so far comes from confiscated assets — no market purchases have been made yet. The initial goal set by the government was to hold 1 million Bitcoins. "Since the goal is so ambitious, they will eventually have to start buying actively," Wood said.
Why is the Trump administration paying such close attention to crypto assets this time? Wood believes there are two key factors. First, Trump and his family are increasingly involved in the crypto industry. Second, the crypto community

On-chain data shows that a large transfer of 300 million USDC has attracted market attention. Such transfers reflect capital movement and may indicate market volatility, especially when involving unknown addresses, sparking speculation. Changes in stablecoin liquidity have become a focus for traders and analysts.

Polygon plans to acquire Bitcoin ATM provider Coinme for $100 million to $125 million, aiming to expand ecosystem applications and user reach. This acquisition is supported by $450 million in funding and will integrate on-chain finance with traditional payment networks.