LiquiditySurfer

North America is about to experience a severe winter storm affecting over 60 million people. This storm poses a challenge for Bitcoin miners, who historically reduce power during extreme weather events to maintain grid stability. As more renewable energy is integrated into the grid, miners will need to be more flexible in their operations in the future, balancing profit pursuit with being "good neighbors."

Yesterday, the US spot ETF market showed divergence, with Bitcoin and Ethereum ETFs experiencing continued net outflows of $32.2 million and $42 million respectively, indicating cautiousness among institutional investors. In contrast, the Solana ETF saw a slight net inflow of $1.7 million, suggesting that capital allocation strategies are being adjusted.

DeFi execution engine Makina recently experienced a funds theft incident. The MEV Builder has initiated a refund process, returning a total of 920 ETH after deducting a 10% bounty. The total stolen amount is approximately 1299 ETH, with 276 ETH still unrecovered. The Makina team is actively pursuing recovery and contacting relevant validators. This incident highlights the importance of MEV risk management in the DeFi ecosystem.

Recently, BTC prices have experienced significant fluctuations. Although there was an increase compared to yesterday, prices later retreated and closed below the opening. Trading volume has shrunk, and market participation is sluggish. Technical indicators show that the bullish momentum is weakening, with the KDJ in a neutral to weak state. Support levels are at 87,742.0, resistance levels are at 92,751.0, and the current trading range is between 88,427.66 and 95,380.99.

Aster launches the first DEX platform that simultaneously offers $SPACE spot trading and perpetual contracts. The event runs from January 23 to February 2, with a prize pool of $150,000 and 15.75 million $SPACE tokens. Participants must hold 444 $ASTER tokens, and trading $SPACE grants a 1.5x reward, with all fees waived.

Recent data shows that mainstream exchanges have a significant net inflow of BTC, totaling 5,024.49 BTC, with a leading exchange absorbing over 80%. Meanwhile, Gemini is the only notable outflow platform, with a net outflow of 468.36 BTC, reflecting market trust differences across various platforms.

Today, the crypto market's Fear and Greed Index has risen to 24. Although it has rebounded somewhat, it still indicates an extreme fear state. The index combines six dimensions including volatility, trading volume, and social media activity, reflecting investors' cautious attitude.

Recent analysis reports indicate that although Ethereum transaction volume and active addresses have increased significantly, most of the new transactions are small transfers of less than $1, highlighting the risk of "address poisoning" scams. These malicious activities mainly involve transferring tiny amounts of tokens to addresses similar to users' frequently used wallets to lure users into transferring funds to scam addresses, resulting in about 80% of new addresses being affected. This may explain why Ethereum's price is lower than Bitcoin's.

Tech entrepreneur Elon Musk emphasized the importance of space exploration at an international forum, believing that its core goal is to protect human civilization. He pointed out that Earth faces multiple threats, and humanity needs to expand to other planets to ensure the survival of civilization and to keep the light of consciousness shining persistently in the universe.

The cryptocurrency market failed to rise as expected in the fourth quarter of last year, with Bitcoin prices dropping nearly 20% from their highs. Regulatory policy delays have led to cautious market sentiment, key reform plans have been shelved, and the crypto market faces a dual test.

Ethereum experienced a brief period of prosperity after the Dencun upgrade in December last year, with lower transaction fees and increased trading volume. However, the market is highly competitive, and Layer 2 networks such as Base and Arbitrum, as well as the rise of Solana, pose long-term challenges for Ethereum in terms of user loss and ecosystem fragmentation. The upgrade did not fundamentally solve these issues.

A compliant platform has established an independent advisory committee on quantum computing and blockchain, aimed at addressing the threats of quantum computing to the blockchain ecosystem. The committee, composed of top experts, is responsible for assessing the impact of quantum computing on blockchain, providing defense recommendations, and promoting post-quantum security development. A detailed roadmap on quantum risk assessment is expected to be released.

Bitcoin payment startup ZBD completes $40 million Series C funding led by Blockstream Capital. ZBD focuses on providing blockchain payment solutions for game developers, allowing players to use Bitcoin for transactions and earn rewards. It has partnered with 55 mobile games and plans to expand its payment products and features, aiming to occupy a significant position in the gaming blockchain ecosystem.

The privacy token Midnight under Cardano has recently faced pressure, with its price repeatedly testing the support level near $0.0588, and a nearly 5% decline over 24 hours. Despite the market weakness, the number of holders has exceeded 30,000, indicating ongoing market interest. If it can stabilize around $0.05, it may form support and point to a long-term target of $0.10.

An emerging cryptocurrency project has raised over $20 million through a public token sale, far exceeding its target. Although the project team refunded the oversubscribed funds, the community has expressed disagreements over the founders' backgrounds, publicity, and token allocation, reflecting investors' concerns about transparency.

The Meme coin RALPH in the BAGS ecosystem recently collapsed, with its market capitalization dropping from $59 million to $6.16 million, a decline of over 89%. Developers sold approximately $300,000 worth of tokens, causing significant losses for token holders, and developers still hold 3% of the tokens, posing a continued risk of further dumping.

Laser Digital, a subsidiary of Nomura Securities, has launched a tokenized Bitcoin yield fund aimed at generating additional returns for long-term holders through various strategies, with a target to outperform Bitcoin spot net returns by more than 5%. The fund is only available to qualified investors outside the United States, with a minimum subscription of $250,000, positioning itself as an institutional product.

Recent global political changes have impacted the crypto market, with Bitcoin breaking through $90,000 and Ethereum surpassing $3,000. Traditional finance has also benefited. However, market volatility has intensified, with a $6.06 billion liquidation wave, reminding investors to exercise caution regarding risks.

【Blockchain Rhythm】On-chain data monitoring shows that a large holder today in the afternoon opened a short position of 431.6 ETH with 20x leverage, with an entry average price of $3026.28. The account is currently showing a slight profit.
What is even more noteworthy is that this address recently deposited over 860,000 USDC. Coupled with high leverage short positions, this signals a clear bearish outlook. Such aggressive strategies often indicate that large holders are making short-term market predictions and also reflect market participants' cautious attitude towards ETH's recent performance.

Columbia Business School professor Omid Malekan questions the New York Stock Exchange's blockchain tokenization trading platform, arguing that it lacks core details and cannot support the promoted vision. He believes the model remains highly centralized. Although the academic community is pessimistic about this, industry insiders believe that introducing blockchain is the future trend, and the debate continues.