Crypto Morning Brief: 10-Year Japanese Government Bond Yield Rises 3 Basis Points, PancakeSwap Passes 'Reduce Maximum Supply' Proposal

marsbitPubblicato 2026-01-20Pubblicato ultima volta 2026-01-20

Introduzione

Trump links Nobel Peace Prize rejection to Greenland sovereignty claim in letter to Norwegian PM. Japan's 10-year government bond yield rises 3 basis points to 2.3%, highest since 1999. PancakeSwap passes proposal to reduce CAKE's max supply to 400 million tokens. Magic Eden allocates 15% of platform revenue to ME token ecosystem, split between buybacks and staking rewards. Trove faces investor backlash after abandoning Hyperliquid to build on Solana, with funds allegedly diverted to a casino. China's Supreme Procuratorate emphasizes crackdown on virtual currency money laundering crimes. Bitmine stakes an additional 86,848 ETH ($279.4M), bringing total staked to 1.77M ETH ($5.65B). New York Stock Exchange plans to enable 24/7 trading for US stocks.

Author: Deep Tide TechFlow

Yesterday's Market Dynamics

Trump Writes to Norwegian Prime Minister: Reiterates Greenland Sovereignty Claim Due to Not Receiving Nobel Peace Prize

According to Bloomberg, US President Trump recently sent a letter to Norwegian Prime Minister Jonas Gahr Støre, directly linking his claim to Greenland's sovereignty to not receiving the Nobel Peace Prize. Trump stated in the letter: "Given your country's decision not to award me the Nobel Peace Prize, despite me having prevented eight or more wars, I no longer feel obligated to consider only peace, and can now think about what is beneficial for the United States of America."

10-Year Japanese Government Bond Yield Rises 3.0 Basis Points to 2.3%, Hitting Highest Level Since February 1999

According to Jinshi Data, the yield on the 10-year Japanese Government Bond (JGB) rose 3.0 basis points to 2.3%, reaching its highest level since February 1999. The yield on the 30-year US Treasury note rose 3.8 basis points to 4.879%, the highest level since early September last year. The yield on the 40-year Japanese Government Bond rose 5.5 basis points to 4%.

Genius: GENIUS Token to Be Created Before April 12 This Year

According to a message from the official X account of the on-chain trading platform Genius Terminal, the platform has officially released its airdrop and points whitepaper.

According to the announcement, Genius Season 1 will end on April 12, 2026, and the GENIUS token will be created before April 12 this year. From now until April 12, 10 million GP (Genius Points) will be distributed weekly, with points allocated retroactively based solely on spot trading volume.

Previous news: YZi Labs made a "tens of millions of US dollars" investment in Genius Trading, with Changpeng Zhao (CZ) serving as an advisor.

Zero Network Announces Normal Operations Have Resumed

According to an official announcement, the Zerion L2 network, Zero Network, has been restored and is fully operational.

Previous news: The Zerion-incubated L2 network Zero Network had stopped producing blocks for over 3 weeks.

PancakeSwap: Proposal Passed, CAKE's Maximum Supply Reduced to 400 Million Tokens

PancakeSwap posted stating that the relevant proposal has passed, and CAKE's maximum supply has been adjusted to 400 million tokens.

Aster Announces Allocation of 20-40% of Daily Platform Fees for Targeted Buybacks

According to an official disclosure by Aster, Aster has deployed its strategic buyback reserve to automatically execute the $ASTER token buyback plan. This plan, based on the Phase V buyback plan announced last month, allocates 20-40% of daily platform fees for targeted buybacks, dynamically responding to market conditions to maximize value and reduce circulating supply. Aster has already automatically executed an initial buyback through the reserve wallet 0x5E4969C41ca9F9831468B98328A370b7AbD5a397.

Magic Eden Announces Allocation of 15% of Revenue to ME Token Ecosystem, 50% for ME Token Buybacks, Another 50% Distributed to ME Stakers

According to a message last night from the NFT trading platform Magic Eden, starting February 1st, 15% of the platform's total revenue will be allocated to the ME token ecosystem. This portion of revenue will be split evenly, with 50% used to buy back ME tokens, and the other 50% distributed to ME stakers in USDC, with the distribution ratio based on staking power.

Staking power will be determined by both the amount staked and the staking duration. Users can claim rewards monthly, with the first claim opening in March (for February activities). Magic Eden stated that rewards must be claimed within 90 days.

Trove Abandons Hyperliquid for Solana, Sparking Strong Investor Protests and Refund Demands

According to a Cryptonews report, Trove Markets, after raising over $11.5 million, suddenly announced abandoning its integration plans with Hyperliquid to instead build a perpetual contracts trading platform on Solana, sparking strong investor protests and demands for refunds.

The Trove team explained that the decision was due to a liquidity partner withdrawing 500,000 HYPE tokens, which were originally intended to support the planned Hyperliquid integration. Additionally, blockchain investigator ZachXBT found that a Trove-related address transferred approximately $45,000 to a casino deposit address, further intensifying questions about the project's fund management. The TROVE token TGE was originally scheduled for January 19 at 16:00 UTC but may be delayed due to the platform shift and potential processing of refunds.

Bitmine Stakes Another 86,848 Ethereum, Valued at Approximately $279.4 Million

According to monitoring by Onchain Lens (@OnchainLens), Bitmine has further staked 86,848 Ethereum (ETH), valued at approximately $279.4 million.

As of now, Bitmine has cumulatively staked 1,771,936 Ethereum, with a total value of $5.65 billion.

Reuters: New York Stock Exchange to Enable 24/7 Trading of US Stocks

According to Reuters, the New York Stock Exchange will enable 24/7 trading of US stocks.

Supreme Procuratorate: Increase Efforts in Anti-Money Laundering Work, Focus on Punishing Crimes Using Virtual Currency Laundering, etc.

According to Jinshi Data, at the National Chief Procurators' Meeting held in Beijing on January 19th, the Supreme People's Procuratorate made deployments for serving high-quality development by fully utilizing the force of the law. The Supreme Procuratorate required that procuratorial organs must maintain economic and financial security according to the law, severely punish serious economic crimes, and promote the creation of a law-based business environment. The Supreme Procuratorate required severe punishment for crimes such as smuggling and exporting strategic minerals to safeguard national strategic interests;

Collaborate with the National Financial Regulatory Administration and others to lawfully address the chaos of illegal intermediaries in the financial sector, severely punish crimes such as illegal fundraising and financial fraud, combat financial "black and gray industries" across the entire chain, ensure the stable operation of finance, and protect the property safety of the people;

Increase efforts in anti-money laundering work, focusing on punishing crimes using underground banks, virtual currency laundering, etc. The Supreme Procuratorate proposed deepening the rule of law in the capital market in collaboration with the China Securities Regulatory Commission (CSRC), improving the stationed securities procuratorial work mechanism, severely punishing securities crimes such as financial fraud and market manipulation, and maintaining capital market security. (Xinhua News Agency)

Market Dynamics

Domande pertinenti

QWhat was the new maximum supply of CAKE approved by the PancakeSwap proposal?

AThe maximum supply of CAKE was adjusted to 400 million tokens.

QTo what level did the 10-year Japanese Government Bond yield rise, and what significant high did it reach?

AThe 10-year Japanese Government Bond yield rose by 3.0 basis points to 2.3%, marking its highest level since February 1999.

QWhat two actions is Magic Eden taking with 15% of its platform revenue for the ME token ecosystem?

AMagic Eden will use 50% of the allocated revenue to buy back ME tokens and distribute the other 50% in USDC to ME stakers.

QWhy did Trove Markets face strong protests from its investors?

AInvestors protested and demanded refunds after Trove Markets abandoned its plan to integrate with Hyperliquid and instead decided to build a perpetual contracts trading platform on Solana, a decision partly triggered by a liquidity partner withdrawing support.

QWhat did the Supreme People's Procuratorate of China emphasize in its deployment to maintain financial security?

AIt emphasized cracking down on crimes such as illegal fundraising and financial fraud, and increasing efforts in anti-money laundering work, specifically highlighting the punishment of crimes involving money laundering through underground banks and virtual currencies.

Letture associate

What Signals Can Be Read from the Trading Data of India's Largest Asset Manager SBI's IPO?

India's largest asset manager, SBI Funds Management, successfully listed on July 21 with a nearly $10 billion IPO, attracting approximately 42 times subscription. However, the first-day closing price rose only about 6.3%, falling short of the 16% premium anticipated in the grey market. This signals robust demand for core Indian financial assets but also disciplined pricing, indicating the IPO market is selectively open for strong brands with clear growth narratives. The low reported underwriting fees, which led some global banks to reduce participation, highlight a shift in pricing power towards powerful issuers like SBI. Its strong brand, banking parent, and stable cash flows reduced reliance on traditional investment banking sales channels, with local brokers playing a larger role. This fee dynamic may not be replicable for weaker issuers. SBI's performance is seen as a key test for India's IPO pipeline, including potential future large listings like Reliance Jio and NSE. Its success with tempered gains sets a new price anchor: high-quality assets can launch, but excessive valuation premiums are constrained. The true measure of a sustained market reopening will be whether subsequent major offerings can proceed smoothly at reasonable valuations.

marsbit19 min fa

What Signals Can Be Read from the Trading Data of India's Largest Asset Manager SBI's IPO?

marsbit19 min fa

Can Japan Buy Growth with AI? Will the Bond Market Believe It?

Japan's cabinet has introduced the 2026 Basic Policy on Economic and Fiscal Management and Reform, shifting its primary fiscal target. The new framework moves away from the traditional annual primary balance goal and instead prioritizes a stable reduction of the debt-to-GDP ratio. This change is tied to a strategy of increased "responsible proactive fiscal" spending, aiming to boost long-term growth through investments in strategic sectors like AI, semiconductors, energy, and robotics. The government estimates total public and private investment in 62 key technologies could exceed 370 trillion yen by 2040. The market reaction has been mixed and cautious. While equity markets may respond to policy signals, bond markets are focused on fiscal credibility. Concerns center on whether the weakening of the clear primary balance anchor could lead to looser fiscal discipline. If investors doubt that these strategic investments will generate sufficient productivity gains, tax revenue, and nominal growth to outpace rising interest costs, they may demand higher yields on Japanese Government Bonds (JGBs). Recent volatility in the yen and JGB yields, with the 10-year yield briefly reaching 2.9%, reflects this skepticism. The success of this new framework hinges on two factors: whether Japan can achieve a nominal growth rate consistently higher than its long-term interest rates, and whether future budgets demonstrate disciplined control over bond issuance. The government's narrative is that strategic investment is essential to break Japan's cycle of low growth, aging, and labor shortages. However, the bond market will continuously assess the credibility of this plan, pricing the risk that it may represent fiscal expansion rather than a viable growth strategy.

marsbit29 min fa

Can Japan Buy Growth with AI? Will the Bond Market Believe It?

marsbit29 min fa

Misjudged A-Shares: Resilience, Expectations, and Confidence

China's A-share market recently faced selling pressure, especially in tech sectors, initially triggered by a global tech sell-off that began in South Korea. However, the article argues this is a case of "mistaken injury" and highlights the market's underlying resilience. This resilience stems from three main pillars: **1) Tech Sector Fundamentals:** Unlike Korea's market dominated by a few memory chip stocks, China's tech sector is diversified across computing, communications, electronics, and semiconductors, supported by dual narratives of global AI supply chains and domestic substitution. Core areas like optical modules and fiber optics continue to show strong earnings growth. **2) "National Team" Support:** State-backed institutions and large corporations have made significant market purchases and announced buybacks, providing liquidity and signaling confidence. This is seen as a stabilizing policy signal, often associated with market bottoms. **3) Broader Market Pillars:** Other major sectors are showing endogenous recovery momentum. Consumer stocks benefit from stabilizing CPI and signs of sector recovery (e.g., liquor price hikes). Cyclical sectors like aluminum have high earnings, potential price increases due to tight supply, and low valuations. The financial sector offers stable dividends and low valuations. The conclusion is that the sell-off was driven by external contagion, not a collapse in fundamentals. With strong policy support and recovering momentum across key sectors, the A-share market possesses the toughness to regain stability.

marsbit1 h fa

Misjudged A-Shares: Resilience, Expectations, and Confidence

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Quantum Computers Haven't Arrived Yet, but Satoshi's 1.1 Million Bitcoin Pose the First Problem

A zero-knowledge proof tool can help modern Bitcoin wallets migrate assets before quantum attacks in milliseconds. However, approximately 1.1 million bitcoins mined by Satoshi Nakamoto before 2012 are fundamentally unprotected by such solutions, as they reside in older P2PK addresses lacking the hierarchical structure required for this cryptographic rescue. This exposes a critical divide: post-2012 HD wallets can potentially "upgrade" signatures using tools like Project Eleven's, while early coins are cryptographically isolated. The community faces a political, not technical, dilemma with four contentious options: 1) Let quantum attackers seize the coins, risking market instability; 2) Hard fork to freeze vulnerable addresses, seen as violating property rights; 3) Implement extreme spending limits to slow any attack; 4) Redistribute "orphaned" coins, breaking immutability. Each solution threatens a core Bitcoin tenet. The market is already pricing in this governance risk, as evidenced by institutional divestment citing uncertainty. The true crisis isn't the arrival of quantum computing, but the community's inability to reconcile its foundational principles with an existential technological shift.

marsbit1 h fa

Quantum Computers Haven't Arrived Yet, but Satoshi's 1.1 Million Bitcoin Pose the First Problem

marsbit1 h fa

Where Will the Next Bull Market's Main Battlefield Be? The Answer Lies in These Two Types of Assets

Matt Hougan, Bitwise's CIO, identifies the fusion of traditional finance and on-chain finance as the core driver for the next crypto bull market. He expects this cycle, propelled by real-world utility and global finance adoption, to be the largest yet, centered on stablecoins, asset tokenization, 24/7 trading, instant settlement, and institutional DeFi growth. The article outlines two primary investment approaches tied to this trend. The first focuses on native crypto applications with strong revenues and sustainable tokenomics, exemplified by Hyperliquid (HYPE). Its Layer-1 chain is gaining significant trading volume from traditional assets like oil and equities. Its model of using 99% of revenues for token buybacks is a key strength. The second approach targets established traditional firms building at scale on crypto rails, like Robinhood. The launch of its Robinhood Chain, enabling global trading of tokenized stocks and DeFi activities, represents a major move towards this fusion. The author also notes other serious contenders like Coinbase, Figure, BlackRock, and JPMorgan. Ultimately, the thesis is that the most profound success will come when blockchain technology seamlessly integrates into finance, becoming invisible to end-users. Investors are advised to position ahead of this convergence.

Foresight News1 h fa

Where Will the Next Bull Market's Main Battlefield Be? The Answer Lies in These Two Types of Assets

Foresight News1 h fa

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Crypto Morning Brief: 10-Year Japanese Government Bond Yield Rises 3 Basis Points, PancakeSwap Passes 'Reduce Maximum Supply' Proposal

Introduzione

Yesterday's Market Dynamics

Market Dynamics

Recommended Reading

Domande pertinenti

Letture associate

What Signals Can Be Read from the Trading Data of India's Largest Asset Manager SBI's IPO?

Can Japan Buy Growth with AI? Will the Bond Market Believe It?

Misjudged A-Shares: Resilience, Expectations, and Confidence

Quantum Computers Haven't Arrived Yet, but Satoshi's 1.1 Million Bitcoin Pose the First Problem

Where Will the Next Bull Market's Main Battlefield Be? The Answer Lies in These Two Types of Assets

Trading