Today's top news highlights:
1. Macroeconomic Outlook for Next Week: CPI Confronts Fed's Intense Stance, Fed Officials Speak Out in Succession
2. FBI: Crypto ATM scams caused $240 million in losses in the first half of 2025; several states are considering banning crypto ATMs.
3. Musk: A new algorithm for the X platform will be open-sourced within 7 days, and this process will be repeated every four weeks.
4. Vitalik: The crypto industry needs to solve three major problems to develop better decentralized stablecoins.
5. The BNB Chain Foundation purchased $BinanceLife$, $Hakimi$, $I'm Coming$, and $Laozi$ within two days.
6. Analyst Willy Woo: Bullish on Bitcoin's performance in January and February, but cautious about 2026.
Macro & Regulatory
In the first full trading week of 2026, cross-asset markets rallied in tandem, with risk appetite on Wall Street rebounding. Spot gold rose over 4% this week, accumulating a gain of over $177; spot silver rose nearly 10%, accumulating a gain of over $7. The precious metals complex demonstrated remarkable strength, driven by both geopolitical instability and shifting expectations regarding the Federal Reserve's monetary policy. Next Tuesday, the US will release its December Consumer Price Index (CPI), which could significantly impact market sentiment and determine the direction of gold and silver prices in the coming week. Here are the key points the market will be focusing on in the new week:
At 1:30 AM on Tuesday, Atlanta Fed President Bostic, a 2027 FOMC voting member, will deliver a speech.
At 01:45 on Tuesday, Richmond Fed President Barkin, a 2027 FOMC voting member, will deliver a speech.
At 7:00 AM on Tuesday, Williams, a permanent voting member of the FOMC and president of the New York Federal Reserve, will deliver a speech;
At 23:00 on Tuesday, St. Louis Fed President Musaleem, a 2028 FOMC voting member, will deliver a speech;
At 5:00 AM on Wednesday, Richmond Fed President Barkin, a 2027 FOMC voting member, will deliver a speech.
At 21:30 on Wednesday, the US November retail sales month-on-month rate, the US November PPI year-on-year/month-on-month rate, and the US third quarter current account will be released.
At 22:50 on Wednesday, Paulson, a 2026 FOMC voting member and president of the Philadelphia Federal Reserve, will speak on the economic outlook;
Federal Reserve Governor Milan will speak in Athens at 23:00 on Wednesday.
At 01:00 on Thursday, 2026 FOMC voting member and Minneapolis Fed President Neel Kashkari will speak; 2027 FOMC voting member and Atlanta Fed President Ralf Bostic will speak.
The Federal Reserve will release its Beige Book on economic conditions at 03:00 on Thursday.
At 3:10 a.m. on Thursday, Williams, a permanent voting member of the FOMC and president of the New York Federal Reserve, delivered opening remarks at an event.
At 21:30 on Thursday, the following data will be released: US initial jobless claims for the week ending January 10, the US January New York Fed/Philadelphia Fed Manufacturing Index, and the US November Import Price Index (MoM).
At 21:35 on Thursday, Atlanta Fed President Bostic, a 2027 FOMC voting member, will deliver a speech.
At 01:40 on Friday, Richmond Fed President Barkin, a 2027 FOMC voting member, will speak on the economic outlook for Virginia.
Tennessee regulators have ordered Kalshi, Polymarket, and Crypto.com to cease offering sports event contracts to state residents, accusing the companies of violating the state's gambling laws by operating without the necessary licenses.
These companies are currently registered with the U.S. Commodity Futures Trading Commission (CFTC) as designated contract markets, offering users the ability to purchase contracts based on the results of sporting events. However, under Tennessee's Sports Betting Law, any entity accepting bets on sporting events must hold a license issued by the state government.
A recent analysis by TRM Labs reveals that since 2023, Iran's Islamic Revolutionary Guard Corps (IRGC) has used two UK-registered cryptocurrency exchanges, Zedcex and Zedxion, to transfer approximately $1 billion to circumvent international sanctions. Between 2023 and 2025, transactions related to the IRGC accounted for 56% of the exchanges' total trading volume, with the vast majority of these transactions conducted on Tron using USDT.
Hundreds of high-net-worth investors are using cryptocurrencies to buy real estate in Europe.
Nikolay Denisenko, co-founder of Brighty, a Lithuanian-licensed crypto platform (and former chief backend engineer at Revolut), revealed that the company has facilitated over 100 transactions for high-net-worth individuals to directly purchase European apartments using cryptocurrency. The number of clients served ranges from 100 to 150 and is growing rapidly. These residential real estate transactions primarily occurred in the UK, France, Malta, Cyprus, and Andorra, with transaction sizes ranging from approximately $500,000 to $2.5 million. These individuals spend an average of about $50,000 per month, mainly to diversify their investment portfolios.
According to FBI data, cryptocurrency ATM scams caused losses of up to $240 million in the first half of 2025, roughly double the number of similar scams in 2024. Spokane, Washington, has implemented a complete ban on cryptocurrency ATMs, becoming the largest city-level ban in the United States. Several other US states are tightening regulations or discussing restrictions, including Arizona, Arkansas, Vermont, and St. Paul, Minnesota, which are also considering following Spokane's example with a complete ban. 80% of the world's cryptocurrency ATMs are located in the United States.
Musk stated on the X platform that he will open-source the new X platform algorithm within 7 days, including all the code used to determine which organic search content and advertising content to recommend to users. This process will be repeated every four weeks, and detailed developer notes are provided.
Previously , CryptoQuant CEO Ki Young Ju stated on the X platform that bots on the platform posted 7,754,367 crypto-related posts yesterday, an increase of 1,224%, which led to the blocking of cryptocurrency-related posts by the X platform's algorithm.
Project Updates
Binance will launch pre-market trading for FOGOUSDT perpetual contracts.
According to the official announcement, Binance Futures will launch FOGOUSDT perpetual contract pre-market trading on January 10, 2026 at 22:00 (UTC+8), with a maximum leverage of 5x.
Analysis & Opinions
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 brought the three-month average of private sector non-farm payrolls down to a low of 29,000, and the structure has become further "imbalanced." Looking ahead, the report maintains its judgment that the job market will gradually improve in the future, focusing on the "temperature difference" between economic growth and employment; it expects the Fed to pause interest rate cuts from January to May, and then cut rates 1-2 times after the new Fed chairman takes office. The lower-than-expected non-farm payrolls in December 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 been better than expected recently, layoffs have declined, and the leading indicator NFIB (National Non-Farm Payrolls Index) continues to improve, the report still expects US non-farm payrolls to rebound. The report emphasizes the importance of monitoring the "temperature difference" between US economic growth and the job market. From the Fed's perspective, while the employment data was weak, it did not continue to deteriorate. It is expected that the Fed will pause rate cuts at its January meeting, emphasizing the need to observe subsequent data before making a decision. Therefore, it is anticipated that the Fed will pause rate cuts from January to May, and then cut rates 1-2 more times after the new Fed chairman takes office.
Vitalik stated that the crypto industry currently needs better decentralized stablecoins, and three issues remain to be addressed:
- Ideally, a more suitable tracking index should be found than the price of the US dollar.
- Decentralized oracle design that cannot be controlled by large sums of money
- Solving the problem of competition for pledged returns
CZ: A supercycle is coming, but we may be wrong.
CZ posted on the X platform: "A supercycle is coming, but I could be wrong."
According to a tweet retweeted by CZ, the U.S. Securities and Exchange Commission has removed cryptocurrencies from its 2026 priority risk list, which is good news for the crypto industry.
Crypto analyst Willy Woo wrote that he is optimistic about Bitcoin's performance from late January to February, but is currently bearish on 2026.
Willy Woo stated, “Our internal investor fund flow model predicted that Bitcoin bottomed out on December 24th and has been steadily strengthening since then. Typically, it takes 2-3 weeks for this to be reflected in the price, and arguably that's happening now (though restrained by short-term overbought technical indicators). Another positive factor is that paper currency liquidity (futures market) is recovering after months of stagnation, much like in mid-2021, when it facilitated the second top of the previous cycle. Therefore, the $98,000-$100,000 resistance level needs to hold. If that level is broken, the next thing to watch is the resistance on ATH.”
However, I remain bearish on 2026 because, from a broader perspective, liquidity has been weakening relative to price momentum since January 2025. We are currently in the final stages of a hot zone, where momentum lacks sufficient liquidity support. My view would only change if a significant influx of spot (i.e., long-term) liquidity in the coming months breaks the downtrend. It's worth noting that a bear market has not yet been confirmed, and confirmation of a bear market will manifest as a sustained outflow of funds from Bitcoin (a lagging indicator of cycle tops).
Investment and Financing
DWF Labs co-founder: Completed a $1 million seed round investment in a DeFi project
DWF Labs co-founder Andrei Grachev posted on the X platform that, at the very beginning of the year, DWF Labs has already completed its first seed round investment of $1 million in a DeFi project. More details and transaction information will be released later.
Important data
F2Pool co-founder Wang Chun marked an address and transferred 4000 ETH to Binance.
According to Arkham's monitoring, F2Pool co-founder Wang Chun's tag address transferred a total of 4,000 ETH to Binance in the past 15 minutes, worth $12.37 million.
Bitmine has staked another 86,400 ETH, bringing its total staked amount to 1,052,000 ETH.
According to Onchain Lens monitoring, Bitmine has staked another 86,400 ETH, worth $266.3 million. Its total staked ETH has reached 1,052,192, worth $3.25 billion.
Market data shows that the market capitalization of the Chinese meme coin "我踏马来了" (I'm Here) has fallen to $39.05 million, after reaching a high of $52.27 million, a 6.44% drop in 6 hours; "斌安人生" (Binance Life) has a market capitalization of $178.6 million, a 23.46% increase in 24 hours; "老子" (I'm My Father) currently has a market capitalization of $10.6 million, having reached a high of $13.32 million, a 202.2% increase in 24 hours; and "人生K线" (Life K Line) has a market capitalization of $26.22 million, having reached a high of $41.87 million, a 672.4% increase in 24 hours.
BSC Foundation purchased $50,000 worth of Hakimi, making it one of its top 6 assets.
According to on-chain analyst Ai Yi, the BSC Foundation purchased $50,000 worth of Hakimi two minutes ago, making it one of its top 6 assets. The address's top 5 holdings are: MYX / CAKE / LISTA / SKYAI / Binance Life.
BNB Chain Foundation purchased $BinanceLife$, $Hakimi$, $I'm Coming$, and $Laozi$ within two days.
According to Lookonchain's monitoring, the BNB Chain Foundation spent $200,000 to purchase a batch of Chinese meme tokens over the past two days. Details are as follows:
- $50,000 to buy 370,000 Binance Life tokens
- $50,000 to buy 1.3 million Hakimi tokens
- $50,000 to buy 4.83 million coins! I'm coming!
- $50,000 to buy 4.7 million Lao Tzu coins
