Author: Deep Tide TechFlow
Yesterday's Market Dynamics
US November PPI MoM 0.2%, Expected 0.2%
According to Jinshi data, the US November PPI MoM was 0.2%, meeting the expectation of 0.2%. The US November PPI YoY was 3%, compared to an expectation of 2.7%.
US Senators Submit Over 130 Crypto Bill Amendments, Covering Stablecoin Yields and More
According to CoinDesk, US senators have submitted over 130 amendments ahead of an upcoming hearing on crypto market structure legislation. These amendments cover a wide range of topics, including banning stablecoin yields, restricting public officials from profiting from crypto assets, and redefining digital asset mixers. The base text of the Banking Committee's bill was released at midnight on Monday and will be discussed and voted on this Thursday. Some amendments have received bipartisan support, such as a modification to the stablecoin yield section jointly proposed by Senators Tillis and Alsobrooks.
SEC Ends Multi-Year Investigation into Zcash Foundation, Will Not Take Enforcement Action
According to The Block, the US Securities and Exchange Commission (SEC) has ended its multi-year investigation into the Zcash Foundation. The non-profit organization announced in a blog post on Wednesday that the SEC will not take any enforcement action against it. The Zcash Foundation stated that it received a subpoena from the SEC in August 2023 related to an investigation into "certain crypto asset issuance matters (SF-04569)".
CCTV: Former Digital Currency Research Institute Director Yao Qian Received 2,000 ETH Reward for Assisting ICO
According to a CCTV report, former Digital Currency Research Institute Director Yao Qian, at the request of businessman Zhang Mou who was conducting an ICO in 2018, asked an exchange to assist with listing. The ICO successfully raised 20,000 Ether (ETH), and Zhang Mou subsequently transferred 2,000 ETH to Yao Qian as a reward. Investigators found a hardware wallet in Yao Qian's office drawer.
The task force also discovered multiple bank accounts opened under other people's identities by Yao Qian as "shell accounts." One sum of 10 million yuan, after approximately four layers of fund transfers, originated from a virtual currency trader's fund account and was ultimately used to purchase a villa in Beijing.
Solana Mobile Opens SKR Airdrop Eligibility Query, Claiming Starts January 21
Solana Mobile officially announced that the SKR token allocation query tool is now live in the Seed Vault wallet. Users can open the Seed Vault wallet and click the "Activity Tracking" tab to check their allocation tier. Based on user interactions with the Seeker device, the Solana dApp store, and on-chain activities during Season 1, SKR tokens are divided into five allocation tiers: Sovereign (750,000 SKR), Luminary (125,000 SKR), Vanguard (40,000 SKR), Prospector (10,000 SKR), and Scout (5,000 SKR).
This airdrop will distribute nearly 2 billion SKR tokens to the community in total, with approximately 1.82 billion allocated to 100,908 users and about 141 million allocated to 188 developers, covering both user and developer groups.
SKR claiming will officially open on January 21 at 02:00 (UTC). Eligible participants can check their personal allocation amount and corresponding tier in advance and should prepare a small amount of SOL to pay for on-chain gas fees incurred during claiming.
Fogo: Airdrop Query Page is Live, Claiming Officially Starts on January 15
SVM L1 blockchain project Fogo announced that its airdrop query page is now live, and claiming will officially start on January 15.
OpenSea to Soon Launch New Mobile App and Hyperliquid Perps Product
OpenSea CMO Adam Hollander recently revealed that the team is actively developing a mobile app and a Hyperliquid Perps product, to be launched soon. The new app will offer the functional experience of 'all assets, all positions, all wallets, all chains, all integrated in one place.' Meanwhile, preparations for the OpenSea Foundation TGE (Token Generation Event) are underway, with historical trading volume being a key consideration factor. The reward program will continue until after the TGE, with half of the fees from each round going into the reward pool.
Investment Bank TD Cowen Lowers Strategy Target Price to $440
According to The Block, investment bank TD Cowen has lowered its one-year target price for bitcoin reserve company Strategy (formerly MicroStrategy) from $500 to $440, citing declining bitcoin yield due to ongoing equity and preferred stock issuance.
Analysts expect Strategy to acquire approximately 155,000 bitcoin in fiscal year 2026, a significant increase from the previous expectation of 90,000, but these acquisitions will be primarily financed through common and preferred stock offerings, diluting the bitcoin yield.
Despite the target price cut, analysts remain optimistic about Strategy's value as a bitcoin investment vehicle and predict the bitcoin price will reach approximately $177,000 by December 2026 and $226,000 by December 2027.
FTX: Next Distribution Round Expected to Begin March 31, Disputed Claim Reserve Reduced by $2.2 Billion for Distribution
FTX announced today that the record date for the next distribution for allowed claim holders is set for February 14, 2026, with distribution expected to begin on March 31, 2026. Simultaneously, FTX has filed a amended notice planning to reduce the $2.2 billion reserve for disputed claims. Subject to court approval, these funds will be released for distribution to allowed claim holders.
Burwick Law Firm Refiles Lawsuit Against Pump.fun and Solana Executives
According to DLNews, the Burwick Law firm has refiled a lawsuit against Pump.fun and Solana executives, accusing them of creating a "manipulated illegal gambling platform." Internal messages cited in the lawsuit show that Pump.fun co-founder Alon Cohen admitted that "most people lose money." The plaintiffs claim the platform's priority fee mechanism allows specific users to get a head start at token launch and allege that certain crypto influencers promoted tokens without disclosing compensation. Although the allegations are serious, the lawsuit lacks conclusive evidence proving the executives directly profited. The judge has allowed the plaintiffs to file an amended complaint containing 5,000 private messages.
Strive Acquires Semler Scientific, to Become World's 11th Largest Corporate Bitcoin Holder
Strive, Inc. (Nasdaq: ASST) announced it has received shareholder approval from Semler Scientific (Nasdaq: SMLR) to acquire the latter in an all-stock transaction. Upon completion of the transaction, Strive will acquire Semler Scientific's holding of 5,048.1 bitcoin, bringing the company's total holdings to 12,797.9 bitcoin, surpassing Tesla and Trump Media & Technology Group to become the world's 11th largest corporate bitcoin holder. Strive plans to divest Semler Scientific's medical device business within 12 months after the transaction and repay its $100 million convertible bond and $20 million Coinbase loan.
Market Trends
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This article explores the rapid growth of Decentralized Exchanges (DEXs) in 2025 and their relationship with Centralized Exchanges (CEXs). 2025 is considered a year of significant growth in DEX liquidity and trading volume, especially in the perpetual contracts space, where DEXs saw substantial increases in market share and capital turnover efficiency. However, the article points out that DEXs will not completely replace CEXs; instead, the two will complement each other's strengths to jointly build the future trading and clearing infrastructure for crypto finance.
The Ghost of X.com, Musk's 25-Year Revenge
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Nvidia and YC Back a Company Aiming to Build a Hotel on the Moon by 2032
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Coingecko Data: 11.5 Million Projects Died in 2025, the Most Devastating Year in Crypto History
This article discusses how the cryptocurrency market experienced its most severe turbulence in history in 2025, with 86.3% of crypto projects failing that year, especially in the meme coin sector which was hit hard. The "liquidation chain reaction" in Q4 2025 led to a record single-day deleveraging of $19 billion. Meanwhile, the total number of cryptocurrency projects grew from 428,000 in 2021 to nearly 20.2 million in 2025, mainly due to a surge in low-quality projects. Despite the high number of failures, the overall market size continues to expand.
Goldman Sachs Predicts: Global Equities Expected to Deliver 11% Return Over Next 12 Months
This article predicts an 11% return for global equities over the next 12 months. Despite valuations being at historical highs, corporate earnings and economic growth are expected to continue supporting the market. Diversification is emphasized as key to enhancing returns, particularly through balanced allocation across geography, sectors, and investment factors. Simultaneously, the potential impact of the rise of artificial intelligence on non-tech sectors is drawing attention.
