1. Popular Coins on CEX
Top 10 CEX Trading Volume and 24-Hour Price Change:
BTC: + 0.16%
ETH: + 2.55%
SOL: -1.92%
TRUMP: -2.82%
XRP: -1.18%
DOGE: -2.04%
PEPE: -0.33%
TRX: -0.59%
SUI: -3.17%
ANIME: + 47.50%
24H Gainers (Data from OKX):
ANIME: + 47.10%
ICE: + 10.97%
ELON: + 10.96%
SWFTC: + 10.51%
OMI: + 9.16%
ETC: + 7.20%
BIO: + 6.40%
GEAR: + 6.03%
ZBCN: + 5.95%
GOAT: + 5.66%
2. Top 5 On-Chain Meme Coins (Data from GMGN):
Oil
NDAS
YOD
OPERATOR
nuit
3. 24H Trending Coins
VINE: Launched by Rus Yusupov, the co-founder of the former Twitter-owned short video platform Vine, its market cap has rapidly surpassed $200 million in less than a day. More details can be found in the article "Founder Launches Coin, Reaches $200 Million, Vine by Musk Makes a Comeback".
alon: A Meme coin named after the co-founder of pump.fun alon. Today, he announced that he has taken on the role of CTO for the project and has taken over its Telegram group, paying the fees for the Dexscreener aggregation platform.
Headlines
Trump Signs Executive Order to Assess Strategic National Digital Asset Reserves
According to Fox Business News: U.S. President Trump signed an executive order to establish a Presidential Digital Assets Working Group to strengthen America's leadership in the digital finance space. The group's task is to develop a federal regulatory framework for managing digital assets (including stablecoins) and to assess the creation of strategic national digital asset reserves.
Trump: I Will Demand the Fed to Cut Rates Immediately
Trump said on Thursday at the World Economic Forum in Davos, Switzerland: "With oil prices coming down, I will demand an immediate rate cut, and the whole world should cut rates." Five days later, the Fed will hold its first policy meeting since Trump took office on January 28-29, and the general expectation is that the Fed will keep rates unchanged at this meeting. Trump has widely criticized the Fed's rate hikes during the first two years of his first term, and has attacked Powell, whom he appointed as Fed chair, for leading this series of actions. He stated: "I expect the Fed to listen to my views on interest rates, and I will consider communicating with Fed Chair Powell on the interest rate issue."
Trump: The U.S. Will Become the Global Capital of AI and Cryptocurrencies
According to market news, U.S. President Trump mentioned cryptocurrencies in his latest speech and stated that the U.S. will strive to become the world capital of artificial intelligence and cryptocurrencies.
U.S. Senator Cynthia Lummis wrote: "Digital assets are the future, and if America wants to continue to lead the world in financial innovation, Congress needs to urgently pass bipartisan legislation to establish a comprehensive digital asset legal framework and strengthen the dollar through a strategic Bitcoin reserve. I am honored that many of my colleagues will entrust me to chair the U.S. Senate Banking Digital Assets Subcommittee, and I look forward to pushing bipartisan legislation to the President's desk this year to secure our financial future."
Previously, Cynthia Lummis announced that she has been appointed chair of the U.S. Senate Digital Assets Subcommittee.
CZ: The U.S. Bitcoin Strategic Reserve Plan is Basically Confirmed
CZ posted on the X platform that the U.S. Bitcoin strategic reserve plan is basically confirmed, and the cryptocurrency industry will develop again at a crypto pace.
Previously, U.S. Senator Cynthia Lummis posted on the X platform announcing that she has been appointed chair of the U.S. Senate Digital Assets Subcommittee. Cynthia Lummis proposed the "American Bitcoin Reserve Act of 2024" as early as July 31, 2024, which calls for the purchase of 200,000 bitcoins per year, reaching 1 million bitcoins within five years.
Industry News
Arkham: The Trump Family Crypto Project WLFI Has Over $350 Million in Holdings
Arkham reported that the Trump family crypto project WLFI has over $350 million in holdings, and yesterday bought $10 million worth of WBTC, currently holding WBTC worth over $50 million.
Grayscale: Grayscale XRP Trust Now Open to Accredited Investors
Grayscale officially announced that the Grayscale XRP Trust is now open to accredited investors seeking exposure to XRP.
Bloomberg: CZ's Net Worth Reaches $70 Billion, Binance Labs Transforms into YZi Labs Family Office
Just a few months after his release from prison, CZ's wealth has reached $70 billion thanks to the continued rise of cryptocurrencies. In addition, CZ is transforming the venture capital firm Binance Labs into a large family office, with Binance Labs being renamed YZi Labs. Ella Zhang has returned to YZi Labs as the head. Ella Zhang co-founded Binance Labs with CZ in 2018 and served as its first head. Ella Zhang stated in an interview that YZi Labs is a variant of the names of Binance's co-founders, and has now become a "pure family office investment vehicle". A YZi Labs spokesperson said the company has no formal headquarters, as its employees work remotely.
Phemex: Temporarily Suspends Withdrawal Function, Developing Compensation Plan
Phemex announced that to ensure security, they are conducting emergency checks and strengthening wallet services, so the withdrawal function is temporarily suspended, and they are currently developing a compensation plan that will be announced soon. Thank you for your understanding and continued support. Business operations are running smoothly. Trading services are proceeding as usual.
Previously, it was reported that the Phemex crypto derivatives trading platform's hot wallet experienced a suspicious large outflow of funds.
OKX Becomes the First Global Exchange to Receive MiCA Pre-Authorization
According to official news, OKX announced that it has become the first global virtual asset exchange to receive MiCA pre-authorization. OKX will provide localized crypto services to over 400 million European users through its European Economic Area (EEA) operating center in Malta.
U.S. Public Company Fathom Holdings Announces Bitcoin Reserve Strategy
U.S. public company Fathom Holdings announced a Bitcoin reserve strategy, stating that it will purchase up to $500,000 worth of Bitcoin or Bitcoin ETF within the next two weeks.
Project News
DWF Labs Partner: Synthetic Dollar Protocol Falcon Finance to Launch Next Week
DWF Labs partner Andrei Grachev stated on social media that the synthetic dollar protocol Falcon Finance will be launched next week. Falcon Finance is collateralized by multiple assets, using a hedging and Farming system to enhance returns and stability, and USDf will soon be launched.
DEXX: Users Will Receive Compensation Sequentially Starting from February 8
DEXX announced that it has received $15 million in investments and cooperation from 7 leading exchanges, VCs, and industry-leading project funds. Starting from February 8, users will receive compensation sequentially. The current function supports trading, but is still in the stage of security upgrade, penetration testing, and final review by the security teams of various partners. It is recommended to conduct transactions after the compensation payout and platform restart. The compensation plan is as follows:
•Users with losses of $50,000 or less will be compensated in one lump sum;
•Users with losses exceeding $50,000 will be contacted by customer service to confirm the details.
SoSoValue Airdrop Query is Now Live
SoSoValue announced that the SOSO airdrop query is now live, and the airdrop claim will be opened at 19:00 on January 24 (tomorrow).
Circle Launches Circle Paymaster, Supporting USDC Gas Payments on Base and Arbitrum
Stablecoin issuer Circle announced the launch of Circle Paymaster, supporting the use of USDC to pay gas fees on Base and Arbitrum. Users no longer need to convert tokens between blockchains, and can use USDC for payments, transfers, and gas fee payments.
Ink, the Ethereum Layer-2 scaling solution incubated by Kraken, will enable the permissionless fault proof mechanism this Thursday, an important technological advancement in its rapid development. Ink becomes the first super-chain network to launch a multi-"challenger" mechanism after Optimism mainnet testing, with the smart contract automation protocol Gelato and Kraken initially running the challenger systems. Fault proof is an important feature of Optimistic Rollups, allowing users to challenge transaction validity and correct erroneous states. Ink's initial challenger funds are provided by Kraken with 49 ETH (about $156,000), and users can also participate in challenges by staking ETH, driving on-chain decentralization.
Investment and Financing
Ranger Labs Completes $1.9 Million Financing, with Participation from Big Brain Holdings
Ranger Labs announced the completion of a $1.9 million financing round at a $30 million valuation, with participation from Asymmetric, Big Brain Holdings, RISE Capital, and Anagram and RockawayX. Ranger Labs has developed the Solana-based crypto derivatives trading protocol Ranger Protocol, which is currently planning to add new product lines to allow customers to use AI-assisted trading strategies.
Soneium Ecosystem DEX SONEX Completes $1 Million Financing, with Participation from Outliers Fund
The AI-driven DEX SONEX in the Soneium ecosystem has completed a $1 million financing round, with participation from Baboon Ventures, Taisu Ventures, Nonagon Capital, Flow Traders, Gate Ventures, Outliers Fund, and Lootex.
To promote more advanced features of SONEX, such as peer-to-peer trading pools and derivatives trading, these funds will be specifically used to improve the technical pillars. In addition, the company will also increase its operational capabilities to meet the growing user demand, and strengthen security procedures to protect user assets and data. Furthermore, these funds will also be used for marketing activities.
BTCFi Project Corn Raises $8.3 Million Through Legion, Oversubscribed 7 Times
Corn, the Ethereum L2 network focused on Bitcoin DeFi, has completed an $8.3 million community round financing through Legion, attracting 4,287 applicants with a total application amount of $69 million, oversubscribed 7 times within a few hours.
Legion complies with MiCA requirements, allowing Corn to meet regulatory conditions, while also reaffirming the spirit of community financing, ensuring a fair competitive environment for all investors. Corn's financing round provided the same terms to large investors (including Polychain, Tribe Capital, Amber, Laser Digital, GSR, Presto Labs, Hypersphere Ventures, Babylon Labs, and Tandem by Offchain Labs) and daily users verified through Legion.
The new funding round of the chip distributor startup Together AI has exceeded $3 billion, with General Catalyst discussing leading the investment.
Voices
Vitalik Buterin: The Risk of "Unconstrained Political Bribery" Brought by Political Tokens
Ethereum co-founder Vitalik Buterin recently pointed out the serious risks of political tokens, particularly the risk of "unconstrained political bribery". He emphasized that in the past year, we have entered a new order where the most powerful people in the world are encouraging everyone to create all kinds of tokens, and the scale of these tokens is no longer limited. He mentioned that this is not only about the contrast between short-term gratification and long-term value building, but also about the difference between modern addictive mobile games and chess or World of Warcraft. Vitalik believes that large-scale political tokens have gone beyond the realm of entertainment and have become potential tools for unconstrained political bribery, which may even include bribery from foreign countries.
Standard Chartered Analyst: Advise Investors to Focus on Tokens Benefiting from New ETF Approvals
Some in the cryptocurrency community believe that the US government's limited work in cryptocurrency has been somewhat helpful. The US Securities and Exchange Commission has announced the establishment of a new cryptocurrency working group, which insiders see as a gateway to more updated regulations and more cryptocurrency fund approvals. Geoff Kendrick, Standard Chartered Bank's Global Head of Digital Asset Research, advises investors to focus on tokens that benefit from new ETF approvals, such as Litecoin, or tokens that rise due to specific regulatory changes, such as Uniswap.
