Cryptocurrency Market Morning Report | BTC faces pressure at $90,000, DeepNode DN airdrop threshold of 246 points upcoming, Florida Bitcoin reserve bill advances again

Today (January 9, 2026), the overall cryptocurrency market shows a volatile pullback trend, mainly influenced by macro uncertainties and profit-taking. Bitcoin (BTC) price hovers around $90,000, with a slight decline within 24 hours, currently quoted approximately in the $90,800-$91,000 range (some data sources indicate it briefly fell below $90,000 before stabilizing), representing a retreat from recent highs. The total market capitalization remains around $3.1 trillion, with short-term risk sentiment leaning cautious. Investors are paying close attention to a potential ruling by the U.S. Supreme Court regarding Trump’s tariff policies, which could trigger further volatility.

Ethereum (ETH) performance is relatively weak, with the price falling to around $3,100, down more than 1-2% over 24 hours, indicating increased short-term caution towards Layer-1 assets. Nonetheless, institutional demand and staking activities continue to support the medium to long term.

Exchange Dynamics and New Coin Listings

Several leading exchanges are active today, injecting fresh momentum into the market:

Binance Alpha will officially launch the DeepNode (DN) token at 16:00 Hong Kong time today, simultaneously opening the airdrop claim channel. Users holding at least 246 Binance Alpha points can claim 40 DN airdrops on the event page (claiming consumes 15 points). Notably, if the event is ongoing, the point threshold will automatically decrease by 5 points every 5 minutes, providing more users with participation opportunities. Users must confirm their claim within 24 hours, or it will be considered forfeited. This project focuses on the integration of AI and decentralized infrastructure and has attracted early attention.

OKX will launch the RIVERUSDT perpetual contract at 15:00 today, supporting web, app, and API trading, offering a new trading instrument for leveraged traders.

Additionally, Immunefi announced that its token IMU will officially launch on January 22. The bug bounty platform’s token has an initial supply of 10 billion tokens, allocated as follows: 47.5% for ecosystem and community (including pre-listing sales, user incentives, airdrops, etc.), 16% for early supporters, 26.5% for the team and core contributors, and 10% for reserves. The community has expressed strong positive expectations for this tokenization of a security infrastructure project.

Market-Linked Policies and Highlights

Policy developments continue to provide imagination space for the market. On January 7, Florida Republican House Representative John Snyder submitted HB 1039, proposing the creation of the Florida Strategic Cryptocurrency Reserve Fund (independent of the state treasury), authorizing the Chief Financial Officer (CFO) to manage crypto investments within a risk management framework. This bill revives the core concept from 2025, allowing up to 10% of specific state funds to be allocated to Bitcoin (without a mandatory minimum), and establishing an independent audit and advisory committee. If passed, it will take effect on July 1, 2026, marking a renewed wave of the U.S. state-level “Bitcoin Reserve” movement.

U.S. Treasury Secretary Yellen reiterated in an interview with Fox Business that the U.S. has established a Bitcoin strategic reserve, will not purchase additional BTC, but will hold BTC obtained through confiscation without selling. This statement further consolidates the government’s position as a long-term holder.

Institutional and On-Chain Developments

On the institutional front, U.S.-listed company Exodus Movement released its December 2025 holdings update: Bitcoin reduced by 198 coins (remaining 1,704), Ethereum reduced by 904 coins (remaining 1,898), SOL reduced by 18,577 coins (remaining 12,473), reflecting some profit-taking behavior at year-end.

On-chain data is impressive: BitMine has staked over 1,032,000 ETH on Ethereum PoS (worth approximately $3.215 billion), accounting for about a quarter of its total holdings (4.143 million ETH). The staking queue has grown to 1,778,000 ETH, with the exit queue cleared, indicating continued institutional confidence in ETH’s long-term value.

Other Notable Hotspots

Binance founder Zhao Changpeng (CZ) stated that his memoir in Chinese may be titled “Binance Life,” but emphasized it is unrelated to any Meme coins. He does not hold any related Meme coins and has no plans to hold any. The book is expected to be published simultaneously in Chinese and English within 4-6 weeks, with all proceeds donated to charity.

Regarding digital RMB, Caixin reports that its smart contracts are based on a new account system (not blockchain), supporting programmability such as targeted payments; starting January 1, real-name verified wallets (categories 1-3) will accrue interest, while non-real-name wallets (category 4) will not.

The Central Bank of Cambodia announced the initiation of liquidation procedures for Prince Bank, stopping all new banking activities; simultaneously, three individuals including Chen Zhi suspected of cross-border online fraud have been arrested and repatriated to China, with their Cambodian nationality revoked.

Overall, today’s market still has some localized hotspots driven by new coin listings and policy optimism, but macro uncertainties put pressure on mainstream tokens. In the short term, attention should be paid to the DN airdrop and RIVER contract launch opportunities, as well as the support level of Bitcoin at $90,000. The crypto market remains vibrant entering 2026, but volatility should not be underestimated; rational participation is advised.