ZkSnarker

The European Union's Markets in Crypto-Assets Regulation (MiCA) license application process has begun, with many exchanges rushing to apply to comply with the regulations. France has a tight deadline for companies that have not yet obtained licenses, and the speed of license approval varies significantly between European countries, potentially affecting the compliance and survival of exchanges. A wave of industry reshuffling is expected in the second half of the year.

Farcaster was rumored to be shutting down, but co-founder Dan Romero refuted the rumors, stating that the project is progressing steadily and is expected to reach 250,000 active users by May 2025. The project is transitioning to Neynar Inc., focusing on the protocol layer. In terms of funding, Merkle raised $180 million to be returned to investors. Dan Romero's home purchase funds are unrelated to the project, and Farcaster's status remains stable.

Ethereum co-founder Vitalik recently shared his views on decentralized social media, mentioning the decline in discussion quality on Twitter and the market's need for diverse options. He believes that Firefly, with its features of combining decentralized social and multi-protocol access points, can effectively address network effects, reduce user migration costs, and promote the development of Web3 social.

Recently, Citadel's leader Kenneth Griffin warned that the Japanese bond yields have hit a record high, and pointed out that U.S. bond yields are approaching 5%. This indicates a change in the role of bonds as a risk hedging tool, which could lead to a double decline in stocks and bonds. Market doubts about the U.S. credit rating may push up financing costs, affecting the overall investment environment, especially the risk appetite in the crypto market.

【Blockchain Rhythm】There's an interesting trading trend. On January 23rd, a trader (0x61cee) made a significant move on the xyz:SILVER contract, which is pegged to the silver price—using 20x leverage to heavily short 226,100 coins, with an average price stuck at $89.72. The current situation is a bit awkward, with unrealized losses soaring to $2,026,000, and the liquidation line just waiting at $112.79. Such high-leverage operations, once the direction bets wrong, have limited room for decline before liquidation occurs. Whether this position can survive depends on how the silver price moves next.

Cosmos Labs Co-CEO magmar revealed that the team is negotiating with Circle to introduce native USDC, which will deploy USDC directly on the Cosmos network, enhancing liquidity and trading experience of stablecoins within the ecosystem. This move reflects Cosmos's efforts to gain support from mainstream finance.

Ethereum founder Vitalik emphasizes 2026 as a pivotal year for personal computing sovereignty, advocating the use of decentralized tools to prevent data leaks. He suggests combining multiple privacy technologies to address the challenges of deploying large language models locally, reflecting the Web3 community's dedication to privacy protection and a redefinition of data sovereignty.

【BiTi】This week's market trend is really hard to understand. From a higher time frame analysis, the overall pattern is average, and my feeling is that the price may still dip lower.
Honestly, at the beginning of the year, I was quite optimistic, thinking whether the new year would have enough momentum to push the price to $100,000, and to catch up with other risk assets. Now it seems that this expectation might be disappointed.
Rather than getting tangled up here, it's better to step back and observe. Recently, I plan to temporarily leave the market, return to life itself, go outside for some fresh air, and organize my thoughts.

On January 23,, the cryptocurrency asset custody company BitGo went public on the NYSE, with its stock price rising over 20% on the first day, reaching a market capitalization of $2.6 billion, and raising $213 million. As an established company, BitGo has performed well in digital asset custody and other areas, with a profit of $35 million in the first three quarters of 2025 and custody assets totaling $104 billion. Its successful listing may pave the way for an IPO boom in 2026 and attract attention from other technology and financial companies.

The well-known ETH holding address Bitmine added 171,264 ETH to staking on January 23, bringing the total staked amount to 1,943,200 ETH, worth nearly $5.73 billion, reflecting institutional confidence in the long-term holding and stable returns of ETH.

【BitPush】According to on-chain data tracking, at 2:15 AM today, a large ETH transfer drew attention—2015 ETH (approximately $5.95 million) was transferred directly from a major exchange to a Wintermute wallet. Such large fund transfers often indicate market participants are readjusting their positions. As a market maker, this inflow could signify new liquidity deployment. For traders tracking on-chain fund flows, such data often serve as leading indicators of changes in market sentiment.