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Alameda Research former CEO Caroline Ellison is expected to be released from federal supervision on January 21, 2026, but must adhere to a 10-year professional ban, preventing her from serving as an executive at a publicly traded company or a cryptocurrency exchange. This ruling highlights the regulatory authorities' strict stance towards executives in the crypto industry.

A trader shorted 937 Ethereum on January 21 with 3x leverage, with an average entry price of $2,988.45, currently experiencing a slight loss. Their trading style emphasizes high-frequency batch entries and strict stop-losses, demonstrating a professional risk management mindset. Such large short positions reflect bearish market expectations.

A senior government finance official used fluctuations in the Japanese bond market to apply pressure, forcing Japanese officials to commit to maintaining fiscal sustainability and thus easing the bond sell-off. At the same time, he sent supportive signals regarding his country's currency, indicating that the United States is adopting targeted strategies aimed at maximizing national interests through market expectation differentials.

The "USD1 Trading Competition" on BNB Chain is currently underway. The Meme coin Arctic Bear 2026 has recently performed outstandingly, with a market cap of $7.5 million and a 75% increase. Meme coins with top market caps include EGL1, BIG DON, and CDL. There are no restrictions on the token creation time for participating projects, but Meme coins are highly volatile, so caution is advised when investing.

【Crypto World】Gate.com has officially launched the perpetual contract trading pair of CryCry(CRY) with 1x leverage, settled in USDT. Traders can choose from 1x to 10x leverage to trade, flexibly adjusting their risk exposure. Simultaneously, this trading pair is now available on the Gate Perp DEX platform, offering users more trading options.

Gemini Twin Exchange founders Tyler and Cameron Winklevoss donated 3221 ZEC (approximately $1.2 million) to Shielded Labs to support research and development projects such as the Zcash network sustainability mechanism, cross-chain protocols, and dynamic fee systems, promoting the development of privacy technology and the decentralization process.

【BitPush】The prediction market ecosystem has maintained its heat over the past week. According to on-chain data, the weekly fee revenue of prediction market platforms exceeded $2.7 million, setting a new historical high.
Breaking down the data, the opinion market performed particularly well, contributing 54.3% of the revenue share. More notably, a leading prediction platform's 15-minute price fluctuation market was exceptionally popular—generating $787,000 in fee revenue in just one week, accounting for 28.4% of the total volume. This indicates that ultra-short-term price prediction trading has attracted a large number of participants, and short-term volatility trading has become a new hotspot in this cycle.

Recent market developments have attracted attention. Bitcoin remains steady around 90,000, but short-term upward pressure is significant, and the rebound space is limited. After falling below the 50-day moving average, Shiba Inu's support turned into resistance, and the market structure is chaotic with an unclear direction. XRP remains volatile between 1.90 and 2.00, and a breakout above this level is needed to confirm the subsequent trend.

Recently, Bitcoin fell below $90,000, and Ethereum lost the $3,000 mark, but institutional investments continue to increase. A publicly listed company purchased 22,305 Bitcoins within a week. Meanwhile, dormant whales transferred $85 million worth of BTC, hinting at market changes. On the policy front, the advancement of relevant laws and the expansion of strategic reserves have also attracted attention, and the market bottom characteristics are gradually emerging.

The crypto payment company Zerohash originally had its acquisition negotiations fall through, but now Mastercard has shown interest in investing in it, reflecting increased traditional financial interest in crypto assets. Zerohash's business model has gained recognition, with flexible investment methods, representing the trend of traditional finance entering Web3.

An industry insider used the term "punching bag" on social media to describe speculators who hype Meme coins using his statements, and stated that he would avoid discussing related terms. He emphasized that he does not support this kind of speculation, reflecting criticism of the chaos in the Meme coin market and reminding investors to think rationally.

【Blockchain Rhythm】According to on-chain data, BlackRock transferred 317.594 BTC to a compliant platform three hours before January 20. This large transfer once again drew market attention—As one of the world's largest asset management companies, BlackRock's on-chain actions are often seen as a barometer of institutional sentiment. BTC continues to attract institutional funds, and based on exchange deposit data, large transfers are not isolated cases. Does this indicate that institutions have a particular view on the recent market trend? It is worth ongoing observation.

The NASDAQ-listed BitMine company disclosed its crypto asset holdings, owning over 3.48% of the Ethereum supply, including approximately 4.203 million ETH and 193 BTC, with total assets reaching $14.5 billion. BitMine continues to increase its Ethereum staking, reaching 1.838 million ETH staked as of January 19, demonstrating institutional confidence in Ethereum's long-term value. Additionally, all four proposals at the company's shareholders' meeting were approved, with shareholders supporting the asset allocation strategy.

Recently, the BNB price has stabilized around $880, facing resistance at $930-$950. On-chain data shows the market is accumulating, with 1.37 million BNB burned, and the total value of stablecoin lock-ups exceeding $7 billion, indicating a solid fundamental outlook. The technical aspect is balanced, with the key focus on the performance of the $900 support level. If it can hold, there is potential to break through $1,000 and even reach $1,160.

The U.S. Congress is working on establishing a legal framework for digital assets, encouraging innovation but with regulatory agencies lacking sufficient capacity. The regulation of stablecoins and tokens is subdivided, with OCC and CFTC understaffed, leading to a lack of investor protection and increased industry risks. It is recommended to establish a unified regulatory framework to ensure market transparency and investor safety, but until regulatory capacity is strengthened, investors should bear the risks themselves.

Recently, the bearish sentiment for mainstream cryptocurrencies like Bitcoin has eased, and funding rates have returned to neutral levels. Meanwhile, altcoins remain out of favor, showing strong bearish pressure. Funding rates reflect market supply and demand dynamics.

On the afternoon of January 20th, a trader successfully closed a short position of 3,718.75 ETH, earning a profit of $760,000. Subsequently, they turned to short XYZ100, using 20x leverage, indicating their bearish sentiment towards the market.

【Blockchain Rhythm】 Today's US stock futures are not looking optimistic. The Nasdaq 100 Index futures continue to decline, currently down by 2%. This wave of adjustment reflects market sentiment fluctuations—US stock movements often influence the short-term performance of the crypto market, and many traders are paying attention to this trend. For holders, such macro changes are worth monitoring closely.

European stock markets opened under pressure today, with several major indices declining due to the US threat to impose high tariffs on French wine and champagne, leading to increased trade tensions. Such friction could intensify volatility in risk assets, and traders should pay attention to changes in global asset allocation.

MakinaFi encountered a security incident, and the DUSD Curve pool was hacked, resulting in losses of over 5.1 million USDC. The attack exploited a vulnerability in the price mechanism, highlighting the fragility of price oracles and liquidity calculations in the DeFi ecosystem. The platform has activated safety mode and recommends liquidity providers to withdraw their funds.