#内容挖矿焕新公测开启 Crypto Daily: Citrea Mainnet Launch, US SEC/CFTC Joint Regulatory Meeting to Begin, MSTR and BMNR Strategy Divergence Alters Market Structure

1. Bitcoin Layer 2 Project Citrea Mainnet and Native Stablecoin ctUSD Launch
1. Supported by Founders Fund and Galaxy, the Bitcoin Layer 2 project Citrea officially goes live on the mainnet, introducing the native stablecoin ctUSD.
2. Citrea is based on zkEVM architecture, processing transactions off-chain in batches and generating zero-knowledge proofs written onto the Bitcoin mainnet, achieving native Bitcoin settlement and data availability.
3. ctUSD is issued by MoonPay, built on M0 stablecoin infrastructure, fully backed by short-term US Treasuries and cash, compliant with the GENIUS Act, mainly used to support BTC collateralized lending and structured products.
2. Corporate Cryptocurrency Hoarding Strategies Analysis (MSTR and BMNR)
1. MicroStrategy (MSTR): Adopts a leveraged hoarding strategy, holding approximately 709,715 BTC as of January 2026, with an average cost of $75,979, continuously purchasing through equity and debt financing. Its stock price volatility is 2-3 times that of Bitcoin, relying on Bitcoin appreciation to create shareholder value.
2. BitmineImmersion Technologies (BMNR): Positioned as the “world’s largest Ethereum treasury,” holding about 42.03 million ETH, with over 1.83 million staked, generating approximately $590 million in annual cash flow. Its strategy is more defensive and yield-oriented, building diversified income through staking and services.
3. The strategies of both represent an aggressive leverage model and a defensive ecosystem model, providing short-term market support, amplifying medium-term volatility, and reshaping corporate financial management paradigms in the long term.
3. Regulatory Policy Developments
1. SEC and CFTC Regulatory Coordination Meeting: The SEC and CFTC will jointly hold the “US Financial Leadership in the Crypto Era: Regulatory Coordination” meeting on January 29, 2026, to discuss regulatory coordination. SEC Chair Paul Atkins and CFTC Chair Michael Selig will have a fireside chat.
2. Hong Kong Securities and Futures Commission Warning Platform: The HK SFC has listed “Ju” on its suspicious virtual asset trading platform warning list, alleging unlicensed activities.
3. Japan SBI Applies for Dual-Asset ETF: Japanese financial group SBI Holdings has submitted an application to FSA for a Bitcoin and XRP dual-asset ETF, aiming to become Japan’s first ETF tracking two cryptocurrencies simultaneously.
4. Market Dynamics and Asset Comparison
1. Gold and Bitcoin Market Divergence: Early 2026, gold prices surpass $5,000, silver surges above $100, while Bitcoin fluctuates around $86,000. The market shows a “clash of extremes,” reflecting capital shifting from Bitcoin to traditional safe-haven assets like gold.
2. Whale Capital Flows and Yield Strategies: Some funds shift from gold and BTC to crypto yield products (e.g., ListaDAO’s lisUSD staking), by staking mainstream coins to generate stablecoins and earn interest, creating a yield system that “does not rely on single asset appreciation but maintains continuous income.”
3. Impact of MSTR and BMNR on Market: MSTR provides short-term support through leveraged accumulation, while BMNR builds a defensive strategy via staking yields. Both reinforce narratives of Bitcoin as a “scarce safe-haven asset” and Ethereum as a “productivity platform,” intensifying market volatility and asset differentiation trends.
4. SXP Deposit Suspension Warning: Up designated SXP (Solar) as a suspicious trading project and suspended deposits due to substantive and ongoing issues. Affected trading pairs include SXP/KRW and SXP/BTC.
5. BnFutures Launches Tesla Equity Perpetual Contract: BnFutures will launch the USDⓈ-denominated TSLAUSDT equity perpetual contract at 22:30 (UTC+8) on January 28, 2026, with Tesla common stock as the underlying.
6. US Government Shutdown Risk: Market forecasts indicate nearly an 80% chance of a new US government shutdown before January 31.
7. BlackRock Actions: BlackRock has deposited approximately 1,814.76 BTC (about $159.46 million) and 15,112 ETH into Coinbase, and submitted an S-1 filing for a Bitcoin premium yield ETF.
8. Zerohash Financing and Zama ICO: Zerohash is in talks to raise $250 million at a $1.5 billion valuation; Zama’s first crypto ICO has completed, with a total bid amount of $118 million, utilizing fully homomorphic encryption to protect bidding privacy.