TokenomicsTrapper

A whale address has recently been frequently buying BTC, investing approximately $2.3 million, and currently holds 155 BTC, with an unrealized profit of $205,800. The same address is also engaging in high-leverage long positions on PEPE and SOL, with a total scale of $15.8 million, which carries high risk. Potential chain liquidation risks should be monitored.

【ChainWen】There's an interesting whale address that has recently caused quite a stir on the chain. This "on-chain stock investor" (0xfc66) suddenly shifted tactics, starting to aggressively add to short positions in PAXG (on-chain gold), with 5x leverage, and has now become the largest short player in PAXG. Not only that, they have also opened 18 stock short positions on Hyperliquid, with positions in major companies like Oracle (ORCL), Palantir (PLTR), and Amazon (AMZN) being particularly large and intimidating.
Interestingly, this address had been active in the crypto market before, mainly trading contracts with 20x leverage—shorting ETH, BTC, and SOL. But starting from January 8, they began to reduce these short positions, shrinking from a scale of $45.6 million down to $17.6 million. Clearly, they are adjusting their strategy.
What is their current layout? Stock futures

Grayscale's latest asset valuation has expanded to include 36 digital assets, covering multiple areas such as smart contracts and DeFi. While being listed on the review list does not necessarily mean they will be included in products, it indicates that Grayscale is evaluating their investment potential. Investors should conduct independent research.

The draft legislation on the structure of the crypto market released by the U.S. Senate aims to establish a clear regulatory framework for digital assets, clarifying the regulatory authorities and standards for different types of assets, promoting the standardized management of the crypto market, and potentially bringing compliance costs and development foundations for market participants.

Senators Cynthia Lummis and Ron Wyden reintroduced a blockchain regulation bill aimed at clarifying the legal status of developers and financial institutions. The bill distinguishes between developers who only write code and institutions that control user funds, emphasizing that the latter should not be treated equally. This is of significant importance to the Web3 ecosystem.

【Blockchain Rhythm】 The performance of Bitcoin over the past week has been quite interesting. Last Monday, Bitcoin briefly surged above $92,000, mainly influenced by the U.S. Department of Justice's investigation into Federal Reserve officials, which temporarily sparked concerns about the Fed's independence. Such uncertainties usually increase the appeal of alternative assets like Bitcoin, at least logically.
But the reality is that this rally didn't last long. Traders' enthusiasm was clearly low, and the reason is straightforward—Bitcoin spot ETFs have net outflows of $1.38 billion over the past four trading days. This figure indicates that institutional investors are watching and even reducing their holdings.
More noteworthy is the basis data. Currently, the annualized premium of Bitcoin futures remains stable at around 5%, a neutral to slightly bearish level. When a true bull market arrives, the futures premium relative to spot usually exceeds 10%. This level suggests that the market is still somewhat cautious.

The privacy application SHDW on the Solana chain was recently exposed to have serious flaws, with transfer records failing to maintain privacy and difficulties in fund withdrawals. Although the official denies the issue and claims everything is normal, the lack of effective support and credible explanations raises concerns among users and warns investors participating in the Solana ecosystem.

【Crypto World】Market Observation: In this cycle, tokens across different sectors exhibit differentiated performance.
Stablecoins and yield-generating tokens: ENA's token unlock schedule and buyback mechanism create a tug-of-war, with price volatility being apparent but with relatively strong resilience. STX, backed by the imagination of Bitcoin-native revenue infrastructure, sees continuous growth in locked-in value, providing strong long-term support.
Ecosystem expansion: PENGU continues to attract speculative capital through cross-industry brand collaborations and increased retail penetration. SUI is gradually establishing itself as a leading Asian Layer-1 by leveraging well-known institutional partnerships, token buybacks, and ecosystem expansion.
Trading and computation: RAY benefits from record-breaking trading volume within its DEX ecosystem and exchange listings, boosting institutional recognition. RENDER attracts significant funding due to surging decentralized AI computing demand and ecosystem iterations. TAO, through channels like Grayscale, opens institutional access,

The U.S. Congress has been active in cryptocurrency regulation, with Cynthia Lummis proposing the "Blockchain Regulatory Certainty Act" aimed at reducing developers' burdens, but it was criticized by Ron Widen. Additionally, the "Clear Act" has been postponed for review until January, sparking optimistic market expectations. Analysts believe that if passed, it could become a catalyst for a bull market.

Recent on-chain data disclosure shows a large transfer of 73 million XRP, valued at approximately $150 million, from one mysterious wallet to another. Such transactions have attracted market attention and may involve institutional adjustments or exchange asset transfers. XRP holders should stay alert to subsequent market developments.

The precious metals market performed strongly today, with spot gold breaking through $4630/oz, reaching a new all-time high with a 2.67% increase; spot silver surged past $86/oz, with a rise of 7.59%. This trend reflects changes in market sentiment, and investors should pay attention to macroeconomic conditions and the dollar's movement.

Three former Federal Reserve Chairs support the current Chair Powell, believing that threats of criminal investigation against him undermine the independence of the Federal Reserve. This has far-reaching implications for global financial stability and the crypto market, and warrants attention to subsequent policy changes.

The new prediction market project Probable on BNB Chain has launched a points incentive system, with social invitations as the main gameplay, supported by PancakeSwap and YZi Labs. The project has attracted industry attention, but whether it can stand out depends on the product experience and community management.

Stablecoin payment solution provider VelaFi completes $20 million Series B funding, with total funding exceeding $40 million. Founded in 2020, the company is dedicated to improving payment infrastructure from Latin America to the US and Asia, offering fast and low-cost cross-regional fund transfer services. The platform supports multiple payment features and API integrations, providing a flexible user experience.

The listed company STSS collaborates with the Solana network to launch institutional-grade validation nodes, planning to delegate 2 million SOL from part of its holdings for staking and operation. This marks an upgrade in the Solana ecosystem infrastructure, where high-quality nodes can enhance the network's decentralization and resilience, reflecting institutional confidence in the development of the SOL ecosystem.

The trading volume of US stock contracts on the cryptocurrency trading platform has exceeded $15 billion, with Tesla, Meta, and Apple becoming popular. Since launching in September, the number of users has surpassed 1 million, indicating a shift in trading methods, with more and more people favoring 24/5 trading. The platform has also extended fee discounts to reduce entry costs for beginners.

On the afternoon of January 12th, a quantitative trader shorted 53.35 BTC with 40x leverage at an entry price of $90,813, currently with an unrealized profit of $14,000. This reflects the accumulation of medium- to long-term bearish forces in the market and indicates institutional views on the adjustment space of the current BTC price.

US stock market cryptocurrency concept stocks show mixed performance, with some stocks rising such as BMNR and SBET, while others like COIN and HOOD decline, reflecting the complexity of investor sentiment. Analyzing individual stock fundamentals is crucial for traders.