Headline
▌BNB Breaks $910
Market data shows that BNB has broken through $910, currently trading at $910.07, with a 24-hour increase of 1.4%. Market volatility is high; please manage your risk.
▌cbBTC Circulating Supply Reaches 73,951, Market Cap Nearly $6.9 Billion
Dune data shows that the circulating supply of Coinbase WrappedBTC (cbBTC), a Bitcoin wrapped in Bitcoin, has reached 73,951, and its current market capitalization is close to $6.9 billion ($6,838,696,054).
Dune data shows that the circulating supply of Coinbase WrappedBTC (cbBTC), launched by Coinbase, has reached 73,951, and its current market capitalization is close to $6.9 billion ($6,838,696,054).
0.50%
DOGE price is $0.1492, 24-hour change -0.64%
XRP price is $2.21, 24-hour change +1.38%
TRX price is $0.2806, 24-hour change -0.52%
WLFI price is $0.1604, 24-hour change +0.35%
**Policy** **CZ: A Supercycle is Coming, But I Might Be Wrong** CZ posted on the X platform, stating, "A supercycle is coming, but I might be wrong." According to a tweet retweeted by CZ, the U.S. Securities and Exchange Commission removed cryptocurrencies from its 2026 priority risk list, which is beneficial to the crypto industry.
**US Media: Trump Briefed on Iran Strikes but Has Not Yet Made a Final Decision** According to the New York Times, several U.S. officials familiar with the matter revealed that, as the situation regarding protests in Iran develops, Trump recently received a briefing on new plans for a military strike against Iran, considering fulfilling his previous threats to attack the country. The report states that Trump has not yet made a final decision, but officials indicated he is seriously considering authorizing a strike.
It is reported that Trump has received a series of strike options, including strikes against non-military targets in Iran. According to a report in The Washington Post, a recent analysis by blockchain intelligence firm TRM Labs shows that since 2023, the Iranian Islamic Revolutionary Guard Corps (IRGC) has used two UK-registered cryptocurrency exchanges to transfer approximately $1 billion to circumvent international sanctions.
TRM Labs found that Zedcex and Zedxion are essentially the same company, just with different brand names. Between 2023 and 2025, transactions related to the IRGC accounted for 56% of the total trading volume on these two exchanges, with the vast majority of these transactions conducted on Tron in USDT. Cathy Wood: The US Government May Begin Buying Bitcoin Cryptocurrency to Build a National Reserve Cathy Wood, affectionately known as "Sister Wood," stated that the US government may begin purchasing Bitcoin cryptocurrency to build a national reserve. She believes that cryptocurrency holds significant political importance for Trump ahead of the midterm elections and could influence the next phase of US policy. The Yangtze River Delta Integration Model Released: AI Will Provide Decision Support for Regional Development The Yangtze River Delta Integration Model Release and Application Linkage Conference was held in Shanghai. At the conference, the Yangtze River Delta Integration Model (YRD-P1), led by Professor Zhang Xueliang's team, a member of the China Regional Economy 50 Forum and Executive Dean of the Yangtze River Delta and Yangtze River Economic Belt Development Research Institute at Shanghai University of Finance and Economics, was officially released. Zhang Xueliang stated that the YRD-P1 model is a specialized large-scale model built upon years of accumulated scientific research on cities and regions. The model relies on continuously accumulated policy documents, statistical data, academic achievements, industry chain information, and geospatial data, and is deeply customized for the Yangtze River Delta region. It emphasizes the systematic, authoritative, and traceable nature of its knowledge system, aiming to provide a more intelligent, accurate, and sustainable decision-making support tool for coordinated regional development. (The Paper)
Blockchain Applications
▌Robinhood: Building its Own L2 on Ethereum Due to Security and Liquidity
Johann Kerbrat, head of Robinhood's crypto business, stated that the company chose to build its Ethereum Layer-2 network on Arbitrum, rather than launching a separate Layer-1, primarily because it wanted to directly access Ethereum's security, decentralized nature, and EVM ecosystem liquidity, allowing it to focus on core products such as stock tokenization. Robinhood's own L2 is currently in the private testnet phase, with tokenized stocks already deployed on ArbitrumOne, enabling seamless migration of assets and liquidity when new chains are launched in the future. To date, the number of Robinhood's tokenized stocks has expanded from approximately 200 initially to over 2,000.
High-net-worth European investors have embraced buying European real estate through crypto assets
According to Nikolay Denisenko, co-founder of the crypto payment app Brighty, hundreds of high-net-worth investors have used cryptocurrencies to purchase properties in Europe over the past year. The platform has facilitated over 100 transactions, primarily in the UK, France, Malta, Cyprus, and Andorra, with individual transaction amounts ranging from approximately $500,000 to $2.5 million. Previously, high-net-worth clients mostly used USDC issued by Circle; currently, to avoid exchange costs, more and more clients are turning to stablecoins pegged to the euro (such as EURC).
Cryptocurrency
▌European high-net-worth investors have embraced buying European real estate through crypto assets
(CoinDesk) Former Goldman Sachs Executive Director: Exchanges Likely Intervened During the October 10 Crash, Absorbing Liquidated Assets Raoul Pal, former Goldman Sachs executive director and founder of RealVision, stated in an interview that exchanges likely intervened during the October 10 crash, absorbing liquidated assets.
These positions now appear to be liquidating daily, much like a programmatic trading platform slowly exiting a massive trade.
▌151.62 BTC transferred from anonymous address, worth approximately $10.4 million
According to Arkham data, 151.62 BTC (worth approximately $10.4 million) were transferred from multiple anonymous addresses to one anonymous address (starting with bc1qfy7...).
▌In the past hour, the "I'm Coming" single-coin liquidation reached $1.078 million, with short positions liquidated at $861,200
January 10th news, according to Coinglass data, in the past hour, the "I'm Coming" single-coin liquidation reached $1.078 million, of which long positions were liquidated at $216,800 and short positions at $861,200.
In the past 24 hours, a total of $114 million in positions were liquidated across the entire network, with $85.7384 million in long positions and $28.4295 million in short positions. [Important Economic Developments] [Huatai Securities: The Fed is expected to pause rate cuts from January to May, awaiting 1-2 rate cuts after the new Fed chairman takes office.] A research report from Huatai Securities states that the US added 50,000 non-farm jobs in December, lower than the Bloomberg consensus forecast of 70,000, with a cumulative downward revision of 76,000 for October and November. Although the unemployment rate has declined somewhat, the significant downward revisions in the first two months have caused the three-month average of private sector non-farm payrolls to fall to a low of 29,000, and the structure has become further "imbalanced." Looking ahead, we maintain our assessment that the job market will gradually improve, focusing on the "temperature difference" between economic growth and employment. We expect the Fed to pause rate cuts from January to May, followed by 1-2 rate cuts after the new Fed chairman takes office. December's non-farm payrolls fell short of expectations and were concentrated in a few sectors: the employment diffusion index showed a decline in December compared to November. Considering that most initial jobless claims have recently exceeded expectations, layoffs have declined, and the leading indicator NFIB (National Non-Farm Payrolls Index) continues to improve, we still expect US non-farm payrolls to rebound. We focus on the "temperature difference" between US economic growth and the job market. From the Fed's perspective, while employment data is weak, it has not continued to deteriorate. We expect the Fed to pause rate cuts at its January meeting, emphasizing observation of subsequent data before making a decision. Therefore, we expect the Fed to pause rate cuts from January to May, followed by 1-2 rate cuts after the new Fed chairman takes office. (Golden Ten)
Golden Encyclopedia
▌Will Stablecoins Possess an Existential Threat to Bitcoin?
Stablecoins have grown from almost nothing a decade ago to a market capitalization in the tens of figures today, with monthly trading volumes exceeding $1 trillion. But do stablecoins have inherent limitations? Are their practical applications limited to certain specific areas? Three main reasons for the current popularity of stablecoins stand out. First, price stability; compared to other cryptocurrencies whose expected value will continue to rise, price stability is undoubtedly an advantage. Second, portability; many users find it more efficient to convert fiat currency into stablecoins in bulk, and then easily transfer value between various cryptocurrencies as needed. Third, taxation; the price stability of stablecoins can help them avoid taxable events in daily payments. Stablecoins are highly centralized in both their value source and actual operation, which is why regulators have been busy issuing various rules recently.
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