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Platform X has recently adjusted its products and upgraded its API interface to support real-time on-chain asset data queries, responding to user demand for showcasing small market cap cryptocurrencies. In the future, users will be able to track small tokens and new tokens, and an intelligent asset tagging feature will be launched to enhance information transparency and efficiency.

Solana's development environment significantly improves efficiency with the help of AI. Developers no longer need to write contracts from scratch and can quickly reuse existing modules, reducing the need for security audits. AI assists developers in generating and optimizing code, lowering the barrier to entry. It is expected to spawn several unicorn companies valued between $1 billion and $10 billion, boosting overall ecosystem activity.

A mining project has launched a 3.0 MW pilot in Manitoba, Canada, deploying liquid-cooled servers and recycling waste heat for greenhouse energy. The goal is to reduce electricity costs to $0.035 per kWh. If successful, this innovative model will have significant implications for the mining industry.

【Blockchain Rhythm】Monitoring data shows that the trading address of well-known figure Huang Licheng closed out his HYPE long positions 15 hours ago, incurring a loss of approximately $450,000 in this round of trading. Not stopping there, he opened a new HYPE long position with 10x leverage today, buying 21,888.88 tokens, currently with an unrealized loss of $1,300.
Let's take a look at his current position allocation. The largest position is a 25x leveraged long of 10,900 ETH, with a liquidation price set at $3,001.40. This position is already showing an unrealized loss of $150,000. There is also a 10x leveraged long of 1,688.88 ZEC, with an unrealized loss of $8,000. In total, the three active positions have an unrealized loss approaching $250,000.
High leverage and large positions indeed carry significant risk. Especially the 25x leverage on ETH—if market fluctuations reach the liquidation price, the consequences could be severe. However, based on the frequent addition of positions, it seems that the trader is optimistic about the market's future direction.

【区块律动】比特币今天又跌破了9.1万美元，这波下跌让24小时涨幅直接收窄到了0.07%。看起来主要还是在这个高位反复震荡，市场的热度有所冷却。不少交易者在观望，等待更明确的方向信号。短期内比特币能否站稳这一关键价位，估计后面会成为关注焦点。

Stablecoins have played a dual role in the situations in Iran and Venezuela, serving as a tool for ordinary people to combat inflation and also being used to evade sanctions and facilitate money laundering. Regulators face dilemmas in balancing management and protection needs, becoming a major challenge for global regulation and the crypto market.

A study reveals that account closures in the United States are mainly due to direct government orders or indirect pressure on financial institutions, especially affecting cryptocurrency companies. The study suggests amending the Bank Secrecy Act to ease confidentiality provisions and ambiguous regulations, promote financial transparency, and reduce the occurrence of account closures.

The market has performed strongly recently, with six consecutive weeks of growth, and the nominal transaction volume surpassed $5.3 billion at the end of December. However, last week’s trading volume dropped to $4.766 billion, indicating normal market fluctuations. Currently, it is still considered a phase of adjustment.

Well-known major holder Huang Licheng adjusts leverage strategy, closes 10x leverage HYPE long positions, but still holds 10,100 Ethereum, worth approximately $31.9 million. Recent gains have been highly volatile, with a short-term unrealized profit of $686,000, while the one-week cumulative unrealized loss is $797,000, reflecting market volatility characteristics.

Gate Exchange's latest reserve report shows that the platform's total reserve ratio has increased to 125%, with a total reserve size reaching $9.478 billion, covering nearly 500 types of user assets. The core assets BTC and ETH have a significantly increased excess reserve rate, and the total number of USDT stablecoin users has grown to 1.385 billion, reflecting the platform's commitment to strengthening user asset protection.

Pump.fun recently announced a major overhaul of its creator reward mechanism, introducing flexible fee sharing and token ownership transfer features, supporting income sharing with up to 10 wallets, and optimizing permission management to enhance project stability. These updates aim to reduce operational complexity and improve management convenience for creators.

The crypto market will experience a large unlock event in the coming week, involving tokens such as ONDO, TRUMP, and others, with a total unlock amount exceeding $1.69 billion. This could put pressure on the market, especially for more volatile tokens like SOL and TRUMP. Investors should proactively manage risks or consider buying the dip.

The Financial Secretary of Hong Kong revealed at the public consultation on the financial budget that progress on stablecoin policies is going smoothly, and citizens have suggested using gold as the pegged asset. The government will consider this suggestion after completing the first phase of the framework and stated that they will carefully assess the related risks and feasibility, demonstrating a proactive yet prudent attitude.

TRX plays a key role in stablecoin liquidation, with USDT's weekly trading volume clearly leading. It is supported by fee burning and staking functions. Technical analysis shows a bullish structure, with the price rebounding from $0.272 and facing the psychological barrier at $0.30. Once broken, the upward potential could reach $0.324 and $0.347, but if it falls below $0.29, a reassessment of the bullish trend is needed.

Hsiao-Wei Wang from the Ethereum Foundation stated that Ethereum is accelerating the application of zero-knowledge cryptography, planning to achieve native zkEVM to reduce computational costs and enhance on-chain scalability. The network's risk resistance and security remain core values.

CZ recently commented on the market, pointing out that a "super cycle" may be approaching, but emphasized that it is impossible to accurately predict the future and that one should focus on their own accumulation. He mentioned that the U.S. Securities and Exchange Commission's removal of the "cryptocurrency asset" positive signal is optimistic, but also reminded people not to over-interpret short-term market fluctuations.

The importance of stablecoins in the global financial system is increasing, especially with USDT accounting for 80% of revenue settlements in Venezuela's oil trade. It provides the public with a means of asset protection, reflecting the demand in a challenging economic environment. At the same time, the United States may strengthen regulation of blockchain to track the flow of funds.

Hyperliquid platform data shows a total position of $6.495 billion, but the long and short positions are clearly diverging, with shorts slightly ahead. Long positions are floating at a loss of $161 million, while shorts are profitable by $238 million. A whale went all-in on longs when ETH price was $3,147.39, now with a floating loss of over $10 million, reflecting the current market pressure on longs.

A $2.2 million TRUMP token transfer has attracted attention, as the holder, after 8 months of holding, attempts to cash out. Despite the high transfer amount, an estimated loss of $2.5 million is expected, highlighting the volatility of the market and the risks of long-term holding.