TokenSherpa

Bitcoin is currently facing liquidation risk. If the price breaks through $94,000, short positions will be liquidated amounting to $465 million; if it falls below $91,000, long positions will be liquidated totaling $621 million, indicating a significant risk exposure. The intensity of liquidations reflects the level of market impact, and price volatility could become more intense.

The US cryptocurrency ETF market is expanding rapidly, with over 130 applications pending review. By 2026, spot Bitcoin and Ethereum ETFs are expected to become mainstream investment options, while demand for ETFs of public chain tokens like SOL and XRP is also increasing. Cryptocurrency index ETFs are worth watching, as market regulation becomes clearer and institutional investors' willingness to participate increases.

【BlockBeats】A leading compliant platform has announced significant adjustments in the Argentine market. This platform entered the South American crypto hub Argentina less than a year ago and has now decided to suspend the BTC to USDC trading pair and local bank withdrawal services starting January 31. But don’t worry, the inter-cryptocurrency exchange functionality will continue to be available.
The official explanation is that this is a deliberate pause, aiming to take the opportunity to reassess its strategy in Argentina, with the goal of developing a stronger and more sustainable product plan before making a comeback.
What is the real reason behind this? The Central Bank of Argentina is planning to revise the existing regulatory framework, with plans to prohibit banks from participating in digital asset-related businesses. This new regulation could potentially take effect as early as April this year. This regulatory shift has directly impacted the platform’s fiat trading operations in the region.
From the platform’s withdrawal to the new central bank policy, the entire Argentine crypto market is undergoing a reshuffle. For those operating locally

DOGE has recently shown a volatile trend, with prices rebounding but trading volume shrinking, indicating that the upward momentum may weaken. Technical indicators point to overbought risks, and it is advisable to watch for a pullback from high levels. Key trading levels have been set, and traders should look for opportunities within support and resistance zones.

Forecasted trading platform Kalshi to hit a record high in 2025, with annual trading volume reaching $23.8 billion, a year-on-year increase of 1108%. The number of trades also surged to 97 million, a growth of 1680%. Although the growth rate of open interest was moderate, totaling $225 million for the year, overall market enthusiasm has significantly increased, especially in the late part of the year.

Trader James Wynn has recently opened long positions on both BTC and kPEPE, using 40x and 10x leverage respectively, with a total position of approximately $7.74 million. Currently, he has an unrealized profit of $343,000. This indicates he is optimistic about the market outlook, but such high leverage strategies also carry significant risk.

Recent blockchain data shows that the holdings of leading whale addresses are changing, indicating a divergence in market sentiment towards different cryptocurrencies. The "BTC OG Insider Whale" account has an unrealized profit of $1.5 million, mainly betting on ETH and SOL. Meanwhile, the "CZ Opponent" account has reduced pressure, but ETH and XRP are still in loss. The "ZEC Largest Short" has significantly closed positions, while the "Ultimate Short" remains committed to BTC shorts and has locked in some profits. Overall, market sentiment is complex.

The U.S. Congress plans to introduce a bill in 2026 to prohibit government officials and federal employees from engaging in prediction market trading using non-public information. The move aims to enhance compliance and respond to recent public concerns over insider trading incidents.

【链文】刚注意到链上又出现大动作——两个新钱包（0x5240和0x387c）在不到10小时前联手从某交易所提了208万枚APAX，折合约106万美元。虽然地址才建没多久，但这种规模的单次转账还是值得关注的。会不会是机构在悄悄布局？或者有人想着尽快提现？目前来看APAX的链上活动确实挺活跃的。

Market sentiment is gradually becoming clearer, and the days of relying on hype to make money are a thing of the past. Bitcoin remains stable, but other projects need to have actual revenue and application scenarios. The future winners will be those that can genuinely create value, as the market is shifting towards rationality.

【Blockchain Rhythm】BitMine Chairman Tom Lee recently explained on social media why the company needs to increase authorized share capital. In simple terms, there are three considerations behind this: first, to leave flexibility for subsequent financing and ATM issuance; second, to facilitate seizing strategic mergers and acquisitions and other business opportunities; and third—and most importantly—to prepare for future stock splits.
Speaking of stock splits, here is an interesting logic. According to Tom

Hyperliquid founder Jeff Yan defends the decentralization commitment of its DEX, emphasizing the "three no policies" of not accepting private funding and others. However, market share has dropped from 75% to 19%, and the HYPE token price has significantly declined, reflecting a gap between the business model and market confidence. User experience may be the key.

BlackRock's "2026 Global Market Outlook" states that stablecoins are gradually challenging the control of national fiat currencies, especially in emerging markets. The widespread adoption of stablecoins could lead to the loss of trillions of dollars in deposits in these markets, having a profound impact on traditional finance and marking a transformation in the financial landscape.

Economist Ed Yardeni believes that the Trump administration is shifting from a trade barrier strategy to a negotiation leverage strategy, with tariff adjustments and tax rebate policies potentially driving the US economy to grow by 3%. Price pressures are prompting the government to change its protectionist stance and lower tariffs to ease inflation. Nevertheless, changes in the international situation could impact economic forecasts, and the market should pay attention to global political risks.