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On January 24, according to CoinTelegraph, experts warned that the proposed stablecoin yield restrictions in the U.S. Cryptocurrency Regulation Act (CLARITY Act) may drive demand for offshore and synthetic dollar products, as investors seek yields outside regulated markets. It is understood that under the already effective GENIUS Act framework, payment stablecoins like USDC must be fully backed by cash or short-term U.S. Treasury bonds and are not allowed to pay interest directly, being regarded as "digital cash." Colin Butler, head of Mega Matrix Markets, stated that prohibiting compliant stablecoins from providing yields to holders does not protect the U.S. financial system but rather marginalizes regulated institutions and accelerates capital migration beyond regulatory boundaries. Currently, the digital renminbi has interest-bearing capabilities, and Singapore, Switzerland, and the UAE are advancing interest-bearing digital asset frameworks. If the U.S. prohibits compliant dollar stablecoin yields, it may weaken global competitiveness.

[The controversy surrounding the US crypto-structures bill's ban on stablecoin yields may accelerate the flow of funds to a "synthetic dollar" and trigger capital flight.]On January 24, according to CoinTelegraph, experts warned that the proposed stablecoin yield restrictions in the U.S. Cryptocurrency Regulation Act (CLARITY Act) may drive demand for offshore and synthetic dollar products, as investors seek yields outside regulated markets. It is understood that under the already effective GENIUS Act framework, payment stablecoins like USDC must be fully backed by cash or short-term U.S. Treasury bonds and are not allowed to pay interest directly, being regarded as "digital cash." Colin Butler, head of Mega Matrix Markets, stated that prohibiting compliant stablecoins from providing yields to holders does not protect the U.S. financial system but rather marginalizes regulated institutions and accelerates capital migration beyond regulatory boundaries. Currently, the digital renminbi has interest-bearing capabilities, and Singapore, Switzerland, and the UAE are advancing interest-bearing digital asset frameworks. If the U.S. prohibits compliant dollar stablecoin yields, it may weaken global competitiveness.

The controversy surrounding the US crypto-structures bill's ban on stablecoin yields may accelerate the flow of funds to a "synthetic dollar" and trigger capital flight.

On January 24, Polymarket showed that the probability of BlackRock Global Chief Investment Officer Rick Rieder becoming the next Federal Reserve Chairman rose to 58%, making him the frontrunner. In addition, the probability of Waller being elected dropped to 28%, while the probabilities for Waller and Hasset were both 6%. Previously, U.S. President Trump stated that he had completed interviews with candidates for the next Federal Reserve Chairman and hinted that the final choice is a "very respected, extremely well-known" heavyweight figure. Additionally, Trump praised BlackRock executive Rieder as "impressive."

[Rick Rieder's chances of becoming the next Federal Reserve Chairman have risen to 58%, making him the frontrunner.]On January 24, Polymarket showed that the probability of BlackRock Global Chief Investment Officer Rick Rieder becoming the next Federal Reserve Chairman rose to 58%, making him the frontrunner. In addition, the probability of Waller being elected dropped to 28%, while the probabilities for Waller and Hasset were both 6%. Previously, U.S. President Trump stated that he had completed interviews with candidates for the next Federal Reserve Chairman and hinted that the final choice is a "very respected, extremely well-known" heavyweight figure. Additionally, Trump praised BlackRock executive Rieder as "impressive."

Rick Rieder's chances of becoming the next Federal Reserve Chairman have risen to 58%, making him the frontrunner.

On January 24, according to GMGN data, the market value of the Solana chain Meme coin PENGUIN exceeded 80 million USD, reaching a new high of 80.31 million USD. Meme coin prices are highly volatile; investors are advised to participate cautiously.

[Data: The market capitalization of PENGUIN, a Meme cryptocurrency, has surpassed $80 million, setting a new record.]On January 24, according to GMGN data, the market value of the Solana chain Meme coin PENGUIN exceeded 80 million USD, reaching a new high of 80.31 million USD. Meme coin prices are highly volatile; investors are advised to participate cautiously.

Data: The market capitalization of PENGUIN, a Meme cryptocurrency, has surpassed $80 million, setting a new record.

according to Arkham data, 2400 ETH (worth about 7.0975 million USD) was transferred from K3Capital to an anonymous address (starting with 0x59ABc...). Subsequently, at 20:38, this address transferred 2400 ETH to another anonymous address (starting with 0xFcbE...).

[Data: 2400 ETH were transferred from K3Capital, and after passing through an intermediary, were transferred to another anonymous address.]according to Arkham data, 2400 ETH (worth about 7.0975 million USD) was transferred from K3Capital to an anonymous address (starting with 0x59ABc...). Subsequently, at 20:38, this address transferred 2400 ETH to another anonymous address (starting with 0xFcbE...).

Data: 2400 ETH were transferred from K3Capital, and after passing through an intermediary, were transferred to another anonymous address.

industry insiders warn that if the U.S. Cryptocurrency Market Structure Act (CLARITY Act) imposes restrictions on stablecoin yields, it may drive funds out of regulated markets and into offshore, low-transparency financial structures and "synthetic dollar" products. Colin Butler, head of the Mega Matrix market, stated that prohibiting compliant stablecoins from providing yields to holders does not protect the U.S. financial system; instead, it marginalizes regulated institutions and accelerates capital migration beyond regulatory boundaries. Currently, the digital renminbi already has interest-bearing capabilities, and Singapore, Switzerland, and the UAE are advancing interest-bearing digital asset frameworks. If the U.S. bans yields on compliant dollar stablecoins, it may weaken global competitiveness. It is reported that under the already effective GENIUS Act framework, payment stablecoins like USDC must be fully backed by cash or short-term U.S. Treasury bonds and are not allowed to pay interest directly, being regarded as "digital cash."

[Analysis: If the crypto market structure bill restricts stablecoin yields, it could drive funds to offshore "synthetic dollars."]industry insiders warn that if the U.S. Cryptocurrency Market Structure Act (CLARITY Act) imposes restrictions on stablecoin yields, it may drive funds out of regulated markets and into offshore, low-transparency financial structures and "synthetic dollar" products. Colin Butler, head of the Mega Matrix market, stated that prohibiting compliant stablecoins from providing yields to holders does not protect the U.S. financial system; instead, it marginalizes regulated institutions and accelerates capital migration beyond regulatory boundaries. Currently, the digital renminbi already has interest-bearing capabilities, and Singapore, Switzerland, and the UAE are advancing interest-bearing digital asset frameworks. If the U.S. bans yields on compliant dollar stablecoins, it may weaken global competitiveness. It is reported that under the already effective GENIUS Act framework, payment stablecoins like USDC must be fully backed by cash or short-term U.S. Treasury bonds and are not allowed to pay interest directly, being regarded as "digital cash."

Analysis: If the crypto market structure bill restricts stablecoin yields, it could drive funds to offshore "synthetic dollars."

according to market sources, multiple Tornado Cash deposits in the Saga hacking incident have been identified. Before entering Tornado Cash for mixing, approximately $6.2 million of stolen funds were first concentrated and dispersed into 5 wallet addresses, then transferred through multiple transactions.

[Approximately $6.2 million stolen from the Saga attack was transferred to Tornado Cash mixing after being dispersed through five addresses.]according to market sources, multiple Tornado Cash deposits in the Saga hacking incident have been identified. Before entering Tornado Cash for mixing, approximately $6.2 million of stolen funds were first concentrated and dispersed into 5 wallet addresses, then transferred through multiple transactions.

Approximately $6.2 million stolen from the Saga attack was transferred to Tornado Cash mixing after being dispersed through five addresses.

according to market news: Bitcoin mining company Cango (stock code: $ CANG) has increased its holdings by 115.4 bitcoins, bringing the total holdings to 7,873.6 bitcoins.

[Bitcoin mining company Cango increased its holdings by 115.4 Bitcoins, bringing its total holdings to 7,873.6 Bitcoins.]according to market news: Bitcoin mining company Cango (stock code: $ CANG) has increased its holdings by 115.4 bitcoins, bringing the total holdings to 7,873.6 bitcoins.

Bitcoin mining company Cango increased its holdings by 115.4 Bitcoins, bringing its total holdings to 7,873.6 Bitcoins.

according to CoinDesk, based on the latest report from McKinsey and Artemis Analytics, stablecoins transferred over $35 trillion on the blockchain last year, but only about 1% of that was used for real-world payments. Their analysis estimates that only $380 billion of activity reflected actual payments, such as payments to vendors, remittances, or payroll. This accounts for only a small portion of the total global payments, approximately 0.02% of the total global payments, while McKinsey estimates the total global payments exceed $20 quadrillion annually.

[Analysis: Last year, stablecoin transactions reached $35 trillion, but only 1% was used for "real-world" payments.]according to CoinDesk, based on the latest report from McKinsey and Artemis Analytics, stablecoins transferred over $35 trillion on the blockchain last year, but only about 1% of that was used for real-world payments. Their analysis estimates that only $380 billion of activity reflected actual payments, such as payments to vendors, remittances, or payroll. This accounts for only a small portion of the total global payments, approximately 0.02% of the total global payments, while McKinsey estimates the total global payments exceed $20 quadrillion annually.

Analysis: Last year, stablecoin transactions reached $35 trillion, but only 1% was used for "real-world" payments.

according to Onchain Lens monitoring, the whale address "0xf35" has liquidated all its high-position XMR (2x leverage) long positions, incurring a loss of $896,020.

[A whale closed out its long XMR position opened at a high price, incurring a loss of $896,000.]according to Onchain Lens monitoring, the whale address "0xf35" has liquidated all its high-position XMR (2x leverage) long positions, incurring a loss of $896,020.

A whale closed out its long XMR position opened at a high price, incurring a loss of $896,000.

HTX data showed that TON fell below 2  USDT and is now at 1.9968 USDT, with a decrease of 0.72% in 24H.

[TON fell below 2  USDT] HTX data showed that TON fell below 2  USDT and is now at 1.9968 USDT, with a decrease of 0.72% in 24H.

TON fell below 2  USDT

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river soared to 69.8372 USDT, a new high with a 24-hour increase of -33.00%. It currently trades at 39.3234 USDT on HTX.

TON fell below 2 USDT

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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