ZkSnarker

Market fluctuations in the past 24 hours have triggered over 100 billion USD in liquidations, including long positions worth 30.3977 million USD and short positions worth 48.3943 million USD, indicating greater losses for shorts. A total of 68,643 traders have been forcibly liquidated. Investors are advised to exercise caution in controlling their positions and setting stop-losses to protect their principal.

DOGE's recent price has rebounded and broken through previous highs, indicating an increase in bullish momentum. However, trading volume has contracted, and upward momentum has weakened, which may affect the rebound trend. Technical indicators show no clear trend; attention should be paid to key trading levels and resistance breakout situations.

A leading compliant trading platform executive pointed out that traditional banks secretly suppress the reward mechanisms of stablecoins to protect their own interests. Due to their efficient and transparent features, stablecoins attract funds and may threaten bank profits. The banks' obstruction instead highlights their inefficiency and high costs, and future market competition will depend on policies and user preferences.

On January 17th, the Solayer team transferred 18.32 million LAYER tokens to a certain exchange, equivalent to approximately $3 million. Their wallet history shows a total receipt of 34.88 million tokens, with about half already sold. This transfer may involve liquidity adjustment or fund operations; LAYER holders are advised to pay attention to on-chain signals.

A leading exchange has announced that on January 21, 2026, it will delist four perpetual contract trading pairs: BIDUSDT, DMCUSDT, ZRCUSDT, and TANSSIUSDT. Users holding positions should plan ahead and pay attention to margin calls and settlement rules. It is recommended to verify official information and operate cautiously.

Yesterday, the US stock market's Bitcoin spot ETF experienced a net outflow of $395 million, but BlackRock's IBIT still attracted funds, with a single-day net inflow of $15.0937 million, totaling over $63.4 billion. In comparison, Fidelity's FBTC saw an outflow of $205 million. Currently, the total net asset value of Bitcoin spot ETFs stands at $124.563 billion, accounting for 6.53% of the global market capitalization, reflecting ongoing institutional interest in Bitcoin and changes in market structure.

【BitPush】On-chain data monitoring shows that a newly created wallet has withdrawn 76,661 ZEC (Zerocoin) from a major exchange within the past 3 hours, valued at approximately $31.65 million at current prices. This large withdrawal has attracted attention—creating a new wallet and executing such a large transaction either indicates institutional long-term holdings or savvy retail investors bottom-fishing. As a privacy coin, ZEC has always been a focus for institutions and whales. Such a large single outflow often signals a shift in market sentiment.

DASH has performed strongly recently, breaking through $93 with a gain of over 15%. In partnership with AEON Pay, nearly 1 million transactions have been processed, validating market recognition. The current open interest has increased by 20%, with short positions being liquidated and buyers showing strong confidence. The market generally expects DASH to challenge the $100 threshold.

Trump proposes to initiate a wholesale electricity auction mechanism, requiring tech giants to pay for additional electricity demand. This policy will impact electricity costs, thereby changing infrastructure operating costs, and market participants need to plan ahead to respond to the related changes.

【Crypto World】Glanced at the market on CoinMarketCap, and XRP is a bit cold this wave. As of January 16 (UTC+8), the price is set at $2.0302, down 3.1% in 24 hours. Not a very sharp decline, but there is indeed some pressure. XRP's performance in recent days hasn't been very strong, so it's worth paying attention to its subsequent trend.

【Crypto World】According to the latest data from Blockworks Research, the activity level of Meme coins on Solana DEX has shown a significant rebound. After half a year, Meme-related transactions have once again surpassed the critical 50% mark in weekly trading volume on Solana DEX. What's even more interesting is that this trend continues to heat up — for three consecutive weeks, the trading share of Meme coins has maintained positive growth, demonstrating the lasting appeal of this type of asset within the Solana ecosystem.

Kea's full-stack payment ecosystem aims to solve the payment settlement challenges of iGaming companies by integrating stablecoin processing and global payment channels, with the new stablecoin USDG offering high annualized returns. Additionally, by simplifying KYB verification processes and fund management tools, operational efficiency is improved. The platform is expected to be officially launched at ICE 2026, driving the industry's transition to stablecoin payments.

【Crypto World】Interesting on-chain activity. A large whale has been engaging in lending arbitrage on Aave for the past 20 days—frequently borrowing 18.3 million USDe and then heavily purchasing gold tokens XAUT. Data shows a total of 8,337 XAUT bought, with a total value of $38.4 million. This cycle of borrowing and increasing holdings indicates that this whale is optimistic about the future prospects of precious metal tokens, and also reflects that the DeFi lending market has ample liquidity, providing good room for large-scale fund operations.

Recently, the exchange industry launched an AI-driven hackathon trading competition, emphasizing strategy and innovation with unique reward setups. The evaluation criteria include prediction accuracy, participation depth, and community contribution, encouraging traders and developers to participate, while valuing industry innovation and ecosystem development.

A leading exchange has launched a limited-time high-yield USDT investment activity. The subscription period is from January 16 to January 30, with an annualized yield of 5%. Each account can subscribe up to 500,000 USDT, and those who deposit a net amount exceeding 10,000 can receive a 10% interest coupon. The event ends on January 28. It is suitable for holders to earn additional income.

U.S. authorities are pushing forward with tax reform, proposing to modify the tax exemption policies for sovereign wealth funds, affecting their investments in the U.S.. The IRS will expand the definition of "business activities," and many investment activities that previously did not require taxation may be reclassified, increasing tax pressure. This could also impact the commonly used "blockers" mechanism, triggering new tax considerations in investment structures.

Market risk aversion is rising, and analysts expect gold to reach $8,000 and silver $400 by the end of 2026. Japan's gold reserves have increased significantly, indicating concerns about the macroeconomy, which may lead investors to reassess asset allocation.

The four-year cycle theory of Bitcoin has gradually become ineffective, and the market is more influenced by policy signals and macroeconomic factors. In the current environment, fiscal stimulus and low interest rates reduce the attractiveness of traditional investments, while the value of digital asset allocation rises. Future Bitcoin performance will depend on policy and regulatory developments, with a focus on the impact of structural legislation and ETFs in the United States.

This year, the competitive landscape of crypto trading platforms has changed, with leading exchanges accounting for 35.86% of the market share. Bitget maintains a steady position in the fourth tier with 10.60%. Notably, Bitget achieved positive growth across various metrics in 2025, demonstrating its growth potential, while other platforms generally experienced a slowdown in growth.

On-chain monitoring data shows that after Platform X revoked the InfoFi application API, the KAITO token dropped 19% within 24 hours. Currently, 25.79 million KAITO tokens are staked, with participation from 17,754 addresses. Staked tokens have a 7-day redemption period, and users face potential losses with no way to cut losses in time.