HashBard

A certain exchange has launched three new cryptocurrencies and introduced an airdrop campaign, allowing users to choose which tokens to participate in. The event runs from January 21 to 28, with zero trading fees. New users need to deposit ≥100 USDT and make their first trade to receive a reward. Inviting friends can also earn additional benefits, making it very attractive.

Ethereum has recently experienced fund flows, with a net outflow of 38,600 ETH from centralized exchanges within one day, mainly concentrated in three exchanges. At the same time, Kraken saw an inflow of 10,600 ETH, reflecting the trading intentions of market participants.

DOGE has been active recently. Although the price has increased significantly, the shrinking trading volume indicates weak upward momentum. From a technical perspective, while no strong signals are observed, the KDJ indicator has entered the oversold zone, suggesting a potential short-term rebound opportunity. Key price levels include bullish and bearish setups, and attention should be paid to support and resistance levels. Overall, DOGE faces short-term trading opportunities but caution is needed to manage risks.

The Meme coin "memes" on the BSC chain has a market capitalization of $13 million, a 300% increase. However, Meme coin prices are highly volatile, lacking real value. Investment should be cautious to avoid being blinded by short-term hype and sudden surges caused by speculation.

Market analysts believe that geopolitical tensions could lead to a 15% to 20% pullback in the stock market by 2026, but a rebound is expected in the fourth quarter. They are optimistic about Bitcoin and also recommend focusing on energy and basic materials, as well as increasing gold holdings to hedge risks.

Recently, hackers have exploited the Linux Snap Store to target expired developer domains. After taking over the domains, they update legitimate applications through official channels, embed malicious code, and disguise themselves as well-known wallets to trick users into entering their seed phrases, thereby stealing cryptocurrency assets. This attack method has caused some users to download applications that are no longer secure.

The spot price of Bitcoin drops below $88,000, causing a trader using 3x leverage long position to face a floating loss of $6.54 million. After closing their Ethereum position, the trader attempted to seize a Bitcoin swing opportunity, but the market did not develop as expected. Future actions will depend on their risk tolerance.

The US CFTC report indicates that cryptocurrency asset regulation will become a major risk in fiscal year 2026. Despite Congress advancing crypto legislation, the agency faces issues of staff reductions and resource shortages. The existing framework does not match market demands, and regulatory challenges are expected.

A whale address holding a large amount of Ethereum recently purchased 20,000 ETH from a market maker, with a transaction value of $60 million. The total holdings now exceed 50,000 ETH, with a valuation of approximately $147 million. This transaction may reflect the market sentiment of major investors and is worth monitoring for future developments.

A well-known media and technology company announced that it will launch a digital token distribution plan on February 2nd to promote platform product discounts, marking an important step in its cryptocurrency integration strategy. These tokens are based on the Cronos blockchain, are not equity, and have been approved by the U.S. Securities and Exchange Commission.

A senior executive at a leading trading platform expressed confidence in Bitcoin, believing that due to its fixed supply and increasing adoption, its price could reach $1 million. He recommends that individuals allocate at least 5% of their assets to Bitcoin. At the same time, he criticized US protectionist legislation and called for supporting exchanges' 100% reserve model to ensure the safety of user assets.

CFTC's new Chairman Mike Selig announced plans to promote a formal regulatory framework for cryptocurrencies, moving away from the previous enforcement model, aiming to establish stable rules for emerging fields such as digital assets. He emphasized the importance of the crypto economy and plans to establish an Innovation Advisory Committee to enhance the United States' position in global competition.

Market decline triggers a chain reaction, with a major trader being liquidated multiple times due to aggressive positions, currently with an unrealized loss of $24.18 million. Using 25x leverage to long 2,200 ETH, they will be fully liquidated if the price drops below $2,991.43.

Spot gold prices have broken through $4,750 per ounce, hitting a new all-time high, rising over $400 since the beginning of the year, reflecting market concerns about economic prospects. In the context of increasing global economic uncertainty, gold's strong performance provides insights for crypto asset allocation.

Trump Media Group announces partnership with Crypto.com to mint and distribute digital tokens to eligible shareholders. This marks the integration of traditional media with the crypto ecosystem, demonstrating a shift in institutional attitudes toward digital assets and strengthening Crypto.com's position in institutional crypto services.

PayPal updates policy: in 2025, debit card users will enjoy free tax filing services. Meanwhile, new cryptocurrency tax reporting regulations are implemented, requiring platforms to detail users' digital asset transaction records on Form 1099-DA, and taxpayers must report accurately.

The U.S. Congress is working on establishing a legal framework for digital assets aimed at encouraging innovation and preventing illegal activities. However, regulatory agencies face numerous challenges, such as OCC layoffs and cyberattacks, as well as CFTC resource shortages. Bloomberg pointed out that insufficient regulation could increase potential market risks. It is recommended to establish a unified legal framework, but before Congress grants authority, the crypto market still carries risks.

On January 20th, the Perp DEX market was affected by a decline in market conditions, and the open interest on mainstream platforms decreased. Hyperliquid remains the leader with a 24-hour trading volume of $6.36 billion, followed closely by Aster. Other platforms such as Lighter, EdgeX, and Paradex each have their own features, while emerging platform Pacifica continues to grow, making the market competition landscape increasingly prominent.

Bitcoin breaks through the long-term downtrend channel, with resistance levels at $100,000 to $103,000; a breakout could point to $115,000, while a pullback needs to hold the $88,000 support. Ethereum's trend has reversed and is expected to stabilize around $3,000. Macro factors are expected to support risk assets, and the market is optimistic about the timing of deployment.