Headlines
▌Former First Lady Melania Trump Launches MELANIA Meme Coin, Market Cap Surpasses $7.5 Billion
Former First Lady Melania Trump announced on social media that people can now buy the MELANIA Meme Coin. Data shows that the MELANIA token has a current market capitalization of $7.58 billion. Former President Trump shared the information, as he had previously issued his own exclusive cryptocurrency TRUMP, which plunged after his wife announced the launch of MELANIA, briefly dropping below $40 before rebounding to $42 currently.
▌BTC Drops Below $100,000
The market shows that BTC has dropped below $100,000, currently trading at $99,991.38, a 24-hour decline of 4.34%. The market is highly volatile, please manage your risks accordingly.
Market
As of press time, according to Coingecko data:
BTC's latest trading price is $101,449, with a daily change of -2.7%;
ETH's latest trading price is $3,222.22, with a daily change of -2.6%;
BNB's latest trading price is $684.45, with a daily change of -3.6%;
SOL's latest trading price is $249.88, with a daily change of -4.8%;
DOGE's latest trading price is $0.3588, with a daily change of -9.3%;
XPR's latest trading price is $2.96, with a daily change of -9.7%.
Policy
▌Washington Lobbyists Targeting Musk's "DOGE" Department to Influence Trump
The long-standing lobbying army roaming the halls of Congress and federal agencies is now setting its sights on a new target: a shadow federal department led by Musk. This plan, dubbed the "Department of Government Efficiency" (DOGE), aims to provide President-elect Trump with recommendations on spending cuts and regulatory reforms.
So far, its members have been organizing and coordinating in secret meetings just blocks from the White House. Corporations and industry groups have begun turning their attention to DOGE, rather than traditional congressional committees and federal agencies, to push their agendas and protect their interests.
▌SEC Sues Helium Founders for Issuing Unregistered Crypto Asset Securities
The U.S. Securities and Exchange Commission has sued the founders of Helium, Nova Labs, for issuing unregistered crypto asset securities and misleading investors about partnerships with Lime, Nestlé, and Salesforce. The lawsuit, filed on Friday, targets three Helium-related tokens: Helium Network Token (HNT), Helium Mobile Token (MOBILE), and Helium Internet of Things Network Token (IoT), which the agency claims were sold as unregistered securities.
The lawsuit seeks to fine the company and prohibit it from purchasing, offering, or selling any crypto assets in the form of securities. This enforcement action is one of the last under the leadership of SEC Chair Gary Gensler, who will resign on Monday, before Donald Trump's second term as president.
Blockchain Applications
▌Phantom: Current Platform Requests Exceed 8 Million per Minute, Transactions May Be Affected
Phantom has stated on social media that the current request volume has surged to over 8,000,000 per minute. While efforts are being made to stabilize the platform, transactions may not be able to be completed successfully on the first attempt.
Cryptocurrencies
▌Kalshi Prediction Market Shows 79% Chance of Trump Pardoning Silk Road Founder
Users on the Kalshi prediction market now believe there is a 79% chance that Silk Road founder Ross Ulbricht will be pardoned by President-elect Donald Trump within the first 100 days of his term.
In 2011, Ulbricht, under the alias "Dread Pirate Roberts," created the Silk Road - a Dark Web marketplace for illicit goods and services. After a two-year investigation into the online black market, U.S. law enforcement arrested Ulbricht in October 2013 and seized around 174,000 bitcoins.
▌Ethereum Liquid Staking Protocols TVL Surpasses $13.5 Billion
According to DefiLlama data, the total value locked (TVL) in Ethereum liquid staking protocols has reached $13.535 billion. The top 5 protocols by TVL are:
-ether.fi with $8.376 billion, up 6.46% in 7 days;
-Kelp rsETH with $1.883 billion, up 17.46% in 7 days;
-Renzo with $932 million, down 1.69% in 7 days;
-Mantle Restaking with $735 million, up 11.22% in 7 days;
-Mellow LRT with $589 million, down 0.45% in 7 days.
▌Forbes Releases Top Cryptocurrencies to Watch in 2025: BTC, ETH, SOL, FET, and More
Forbes has released its list of the top cryptocurrencies to watch in 2025, including BTC, ETH, SOL, FET, and DOGE. The selection process focused on market metrics, innovation, and real-world utility. Key factors considered include market capitalization, price performance, trading volume, and each project's ability to address challenges in the blockchain ecosystem. The conclusion states that the 2025 crypto market is at a crossroads, full of potential but also shrouded in great uncertainty. While Bitcoin continues to enjoy institutional support and cultural relevance, Ethereum faces fierce competition from alternative platforms like Solana, and newer areas like AI-driven tokens and meme coins still hold a place in the ecosystem. In addition to the challenges facing cryptocurrencies, the broader global economy has also had a profound impact, with persistent inflation, rising interest rates, and geopolitical tensions potentially shaking investor confidence across all asset classes, including cryptocurrencies. Regulatory scrutiny remains a pressing issue as governments around the world work to establish clearer frameworks - or harsher crackdowns - for digital assets.
▌Trump Family Project WLFI Acquires 4,869 ETH
According to Spot On Chain monitoring, the Trump family project World Liberty (WLFI) has spent 16 million USDT to acquire 4,869 ETH in the past hour. They currently hold 32,852 ETH (around $106 million) and have a large amount of $ETH stored on Coinbase, which they deposited a few days ago.
▌Aave Founder Stani: ETH Price Surge Just a Matter of Time, Could See Massive Short Squeeze
Aave founder Stani posted on X platform that Ethereum has the highest security in a programmable execution environment, and the Ethereum developer ecosystem and tooling are superior, with a solid set of tools (Hardhat, Foundry) and various testing tools (such as Tenderly for debugging) and a strong auditor ecosystem. Moreover, there are more exciting innovations happening in the EVM space, from ZK-based EVMs to scalability solutions like ZKSync, Scroll, Linea, and Succinct. Additionally, the Trump family crypto project WLF will drive a lot of innovation in the DeFi space, so an ETH price surge is just a matter of time, and it could potentially be the biggest short squeeze in history when it happens.
Key Economic Dynamics
▌Market Sees Reverse Bets: Next Fed Move Is Rate Hike, Not Cut
Here is the English translation:The next move by the Federal Reserve will be to raise interest rates, not cut them, and at best this is a remote hope that has emerged among a group of stubborn bond traders. This bet emerged after the US released a blowout jobs report on January 10, in stark contrast to Wall Street's consensus that there will be at least one rate cut this year. Although the mild inflation report released on Wednesday strengthened the Fed's rate cut stance and caused US Treasury yields to retreat from multi-year highs, this contrarian bet still exists. An institutional analysis shows that based on options related to the secured overnight financing rate, traders currently see about a 25% chance of the Fed raising rates by the end of the year. And before the CPI data was released, these bets were as high as 30%. Until just over a week ago, a rate hike wasn't even being considered. Former New York Fed economist Phil Suttle expects the Fed to raise rates in September, saying "this is not a crazy view." (Jinse Data)
Jinse Encyclopedia
▌What is a Sybil attack in crypto?
In the cryptocurrency environment, Sybil attacks often target the decentralized nature of blockchain platforms. Even if they do not target the encryption algorithms of cryptocurrencies, disrupting the underlying peer-to-peer network infrastructure that cryptocurrencies rely on can lead to service interruptions, loss of funds, and a decline in user trust. Attackers can focus on specific nodes or servers to disrupt the consensus process, transaction verification, or node-to-node communication. This can lead to network fragmentation, processing delays, or even a complete shutdown.
Disclaimer: Jinse Finance, as a blockchain information platform, the articles published are for information reference only and are not actual investment advice. Everyone should establish the correct investment concept and must increase risk awareness.
