Crypto Morning Report: US December ADP Data Falls Short of Expectations, Solana Mobile Announces Launch of SKR Token

marsbitPubblicato 2026-01-08Pubblicato ultima volta 2026-01-08

Introduzione

Crypto Morning Brief: US December ADP employment data came in below expectations at 41K jobs, missing the forecast of 47K. Key regulatory developments include the US Senate preparing to review a crypto market structure bill, with increased industry lobbying efforts. The People's Bank of China continued to increase its gold reserves for the 14th consecutive month. In project news, Solana Mobile announced the official launch of its SKR token on January 21. Other notable updates: edgeX is transitioning from a Perp DEX to EDGE Chain, opBNB reduced its block time via a hard fork, and Rumble partnered with Tether to launch a non-custodial crypto wallet. Brazilian former central bank director Tony Volpon introduced a high-yield stablecoin, BRD, pegged to the Brazilian Real. Polymarket entered an exclusive data partnership with Dow Jones Media, and the Babylon protocol secured $15M in funding led by a16z Crypto.

Author: Deep Tide TechFlow

Yesterday's Market Dynamics

US December ADP Employment Change: 41K, Expected 47K

US December ADP employment change was 41,000, expected 47,000, previous value -32,000.

US Senate to Review Crypto Market Structure Bill Soon, Industry Ramps Up Lobbying Efforts

According to Crypto in America, the Senate Banking Committee plans to mark up the crypto market structure bill for discussion on January 15th. Currently, 13 pro-crypto senators are working to reach bipartisan consensus on issues such as ethics rules for public officials holding crypto and stablecoin yields. Simultaneously, the Senate Agriculture Committee is also preparing for a markup discussion next week. The crypto industry is intensifying its lobbying efforts, with representatives from over 40 companies set to hold an event on Capitol Hill this Thursday to discuss unresolved issues with senators.

China's Central Bank Increases Gold Holdings for the 14th Consecutive Month

People's Bank of China: China's gold reserves at the end of December stood at 74.15 million ounces (approx. 2,306.323 tons), an increase of 30,000 ounces (approx. 0.93 tons) month-on-month, marking the 14th consecutive month of increase.

WLFI Subsidiary Applies to OCC for US National Trust Bank Charter

According to the Wall Street Journal, World Liberty Financial stated that its subsidiary, World Liberty Trust, submitted a de novo application to the Office of the Comptroller of the Currency (OCC) on January 7th, seeking a US national trust bank charter to enable the direct issuance and custody of its dollar stablecoin, USD1. The company claimed that if approved, the trust bank would gradually launch crypto asset custody and stablecoin exchange services, primarily serving institutional clients.

Solana Mobile: SKR Token to Officially Launch on January 21st

Solana Mobile's official X account announced that the SKR token will officially launch on January 21st (UTC time).

Previous news indicated the token has a total supply of 10 billion. The token allocation includes: 30% for airdrops, 25% for growth and partnerships, 10% for liquidity, 10% for community treasury, 15% for Solana Mobile, and 10% for Solana Labs. The inflation mechanism follows a linear model, starting at 10% in the first year, decreasing by 25% annually, and eventually stabilizing at 2%. It is primarily targeted at Seeker device users and active dApp users.

edgeX Announces Transition from Perp DEX to EDGE Chain, Launches Pre TGE Season Event

edgeX officially announced it is transitioning from a Perpetual Contract Decentralized Exchange (Perp DEX) to EDGE Chain and is currently moving from a closed beta to an open beta. To support this transition, edgeX launched the Pre TGE Season event today, which will reward platform users for natural usage behavior through XP incentive units.

According to the official message, XP will be distributed weekly until the TGE (Token Generation Event) is completed, expected by or before March 31, 2026.

CZ: opBNB Has Completed Mainnet Hard Fork, Block Time Reduced from 500ms to 250ms

Binance founder CZ posted on social media, "opBNB just completed the mainnet hard fork about an hour ago. Block time reduced from 500ms to 250ms."

Listed Company Rumble Partners with Tether to Launch Crypto Wallet

Rumble Inc. (Nasdaq: RUM) and crypto giant Tether jointly announced on January 7, 2026, the launch of Rumble Wallet, a non-custodial crypto wallet directly into the Rumble platform.

According to the official press release, the wallet supports Tether (USDT), Tether Gold (XAUt), and Bitcoin (BTC), allowing viewers to tip creators directly with cryptocurrency, eliminating intermediaries like ad networks, banks, or payment processors.

MoonPay will provide on/off-ramp services for Rumble Wallet users, supporting conversions between traditional payment methods like credit cards, Apple Pay, PayPal, and Venmo and cryptocurrencies.

Former Brazilian Central Bank Official Launches High-Yield Stablecoin BRD, Pegged to the Real

According to CoinDesk, former Brazilian Central Bank director Tony Volpon announced the launch of an innovative stablecoin, BRD, pegged to the Brazilian Real and backed by Brazilian government bonds. BRD will offer holders a high yield share of up to 15%, significantly above the Fed's benchmark rate of 3.5%-3.75%.

Volpon stated on CNN Brazil's "Cripto na Real" program that BRD aims to make it easier for foreign investors to access Brazil's high-yield environment, while potentially supporting demand for Brazilian government bonds by broadening the investor base, thus reducing government borrowing costs.

Polymarket Enters Exclusive Partnership with Dow Jones Media

Prediction market platform Polymarket has entered an exclusive partnership with Dow Jones Media to provide prediction market data to media outlets including Barron's and The Wall Street Journal.

Decentralized Protocol Babylon Raises $15 Million in Round Led by a16z Crypto

According to Fortune magazine, the decentralized protocol Babylon, co-founded by Stanford professor David Tse, has raised $15 million. The round was led by Andreessen Horowitz's a16z Crypto, with the project's valuation undisclosed.

Market data shows BABY briefly surged over 15%, currently trading at $0.0209, with an FDV of approximately $200 million.

Market Dynamics

Recommended Reading

The People Need a Bad Capitalist, AI Created a Delivery Rumor

This article discusses a recent anonymous爆料 post on Reddit that sparked public outcry. The post accused food delivery platforms of using algorithms to exploit drivers, leading to heated discussions and emergency PR responses from two major delivery companies. However, it was later revealed that the爆料 post and its related "evidence" were generated by AI, highlighting the potential risks of AI technology in creating misinformation and reflecting public distrust towards platform companies.

Conversation with BNB Chain Growth Executive Director: Why Am I Bullish on BNB's Next Decade?

Through an interview with BNB Chain Growth Executive Director Nina Rong, this article explores the BNB Chain ecosystem, growth strategies, the significance of hackathon events, and Nina's advice for the Web3 industry. The article also covers BNB Chain's technical advantages, user base, infrastructure, and competitiveness against other public blockchains. Nina shares her career experience, industry insights, and advice for newcomers.

Conversation with Blockworks Co-founder: 27 Predictions for 2026 — Ethereum Revival, Solana Silence, Bitcoin Faces Quantum Shadow

This article is an in-depth discussion of 27 predictions for the crypto industry in 2026, covering development trends in major ecosystems like DeFi, Ethereum, Bitcoin, and Solana, as well as future prospects in areas such as quantum computing, enterprise chains, and venture capital trends. The author believes 2026 will be a crucial year for industry consolidation and fundamentals-driven development, emphasizing that builders need to focus on long-term value creation while pointing out potential challenges and opportunities.

OKX Ventures 2026 Investment Outlook: Asset On-Chaining, Intelligence and Privacy

This article details future trends in the crypto industry for 2026, including asset on-chaining, changes in entities and rules, and the deep integration of AI and crypto. It also discusses the trend of institutional adoption of crypto assets, the importance of privacy protection, and the development direction of DeFi active intelligent services and prediction markets.

Dragonfly Partner Review: The Three Strongest Figures in Crypto VC History

This article analyzes three of the most outstanding venture capitalists in the crypto space: Dan Robinson, Chris Dixon, and Kyle Samani. Their investment achievements and unique philosophies have secured their prominent positions in the industry. The article also touches upon the current state and future trends of the crypto venture capital industry, along with some hot crypto news.

Domande pertinenti

QWhat was the actual number for the US December ADP employment data and how did it compare to expectations?

AThe actual US December ADP employment number was 41,000, which was below the expected 47,000.

QWhat significant announcement did Solana Mobile make regarding the SKR token?

ASolana Mobile announced that the SKR token will officially launch on January 21st (UTC time).

QWhich company, in partnership with Tether, announced the launch of a non-custodial crypto wallet integrated into its platform?

ARumble Inc. (Nasdaq: RUM), in partnership with Tether, announced the launch of the Rumble Wallet.

QWhat is the unique feature of the new Brazilian Real-pegged stablecoin BRD, as introduced by a former central bank official?

AThe BRD stablecoin is unique because it is backed by Brazilian government bonds and offers holders a high yield share of up to 15%.

QWhich venture capital firm led the $15 million funding round for the decentralized protocol Babylon?

AAndreessen Horowitz's a16z Crypto led the $15 million funding round for Babylon.

Letture associate

STAR 50 Soars 10.73%, Why Did A-Shares Stage a "V-Shaped Reversal"?

After a prolonged decline, the Chinese A-share market staged a strong rally on July 21. The STAR 50 index surged 10.73%, its largest single-day gain in nearly a year, leading a broad-based "V-shaped" reversal. The Shanghai Composite Index rose 1.79%, the Shenzhen Component Index gained 4.81%, and the ChiNext Index jumped 7.05%. Total market turnover reached 2.97 trillion yuan, an increase of 256.1 billion yuan from the previous session, with over 3,100 stocks advancing. The semiconductor sector spearheaded the rebound, with related ETFs posting significant gains. Analysts attribute the surge to three converging factors. First, coordinated capital inflows from "national team" institutions, insurance funds, listed company buybacks, and fund house self-purchases have bolstered market liquidity and confidence. Second, supportive policy signals, including commitments from regulators to ensure stable market operations, provided a favorable backdrop. Third, a stabilization and recovery in overseas markets, notably South Korea, created a positive external environment. Institutions suggest the most severe panic selling phase for the tech sector has likely passed, following a significant digestion of crowded positions and leveraged funds. While short-term volatility may persist, the medium to long-term outlook remains underpinned by enduring trends like AI computing demand expansion and semiconductor localization. The market's focus now shifts to the sustainability of supportive fund flows, earnings reports, and upcoming catalysts from the global AI industry chain.

marsbit31 min fa

STAR 50 Soars 10.73%, Why Did A-Shares Stage a "V-Shaped Reversal"?

marsbit31 min fa

U.S. Tech Momentum Stocks Post Largest Single-Day Gain Ever, But Is the Plunge Over?

US tech momentum stocks staged a sharp rebound on Tuesday (July 21st). Morgan Stanley's TMT Momentum Factor surged over 12%, marking its largest single-day gain on record, exceeding even peaks from the 2000 dot-com bubble. Key momentum indices from Goldman Sachs also posted their strongest daily performances in years. The rally was led by semiconductors, with the Philadelphia Semiconductor Index jumping 4.6%. This rebound followed three consecutive down days and a cumulative 33% plunge in momentum stocks, one of the steepest drawdowns since the dot-com era. Analysts attribute the surge largely to a short squeeze. Heavy selling had pushed high-beta momentum stocks into deeply oversold territory, forcing many short sellers, particularly in Asia, to cover their positions, creating a self-reinforcing buying spiral. However, the rebound's internals appear weak. Trading volume was notably low, and advancing stocks still lagged decliners on the S&P 500, indicating a narrow, concentrated rally rather than broad market participation. Diverging views emerge on the outlook. BTIG warns the bounce has hit key resistance and recommends selling into strength, citing extreme volatility and historical parallels to past market tops. Conversely, Goldman Sachs and UBS believe the momentum unwind is nearing its end, suggesting it may be time to gradually add exposure, as positioning has been significantly reduced. They caution, however, that high volatility warrants a measured approach, potentially using defined-risk strategies. The upcoming earnings season, particularly reports from major tech firms like Alphabet, is seen as a critical test for the rally's sustainability. Simultaneously, bond markets flashed a warning, with yields rising partly due to spiking oil prices. Analysts note that if long-term Treasury yields break decisively higher, it could pose a significant headwind for equities, especially growth stocks.

marsbit38 min fa

U.S. Tech Momentum Stocks Post Largest Single-Day Gain Ever, But Is the Plunge Over?

marsbit38 min fa

U.S. Tech Momentum Stocks Record Largest Single-Day Gain Ever, but Has the Rout Ended?

U.S. tech momentum stocks staged a dramatic rebound on Tuesday, July 21st. Key momentum indices like the Morgan Stanley TMT Momentum Factor and Goldman Sachs' High Beta Momentum Long Index posted historic or near-historic single-day gains, fueled largely by semiconductor stocks. This sharp rally followed a severe three-day sell-off that saw momentum stocks plunge 33%, marking one of the steepest pullbacks since the dot-com bubble. Analysts attribute the bounce primarily to a short squeeze, as forced covering from over-leveraged traders, particularly in Asia, created a buying spiral. However, the rally's health is questioned due to weak market breadth—overall trading volume was low, and decliners outnumbered advancers in the S&P 500 despite the index's gain—suggesting a narrow, concentrated surge rather than broad recovery. Opinions on the sustainability diverge. BTIG strategists warn the rebound has hit key resistance levels, citing extreme volatility and historic stock dispersion as signs of an ongoing broader correction, and recommend selling into strength. Conversely, Goldman Sachs and UBS view the aggressive momentum unwinding as nearing its end, noting reduced positioning and a lack of new fundamental catalysts. They suggest the sell-off presents a selective opportunity to add exposure, albeit cautiously and gradually using defined-risk strategies. The immediate trajectory hinges on the ongoing earnings season, with market focus on Alphabet's capital expenditure guidance for AI investment clarity. Meanwhile, bond markets present a risk, with rising Treasury yields—potentially heading toward 5.5%—and widening credit spreads for mega-cap tech companies posing a threat to equity valuations. The combination of technical factors, earnings results, and macro conditions leaves the durability of the rebound in doubt.

链捕手40 min fa

U.S. Tech Momentum Stocks Record Largest Single-Day Gain Ever, but Has the Rout Ended?

链捕手40 min fa

Bitcoin flashes 3 macro-bottom signals – But can BTC reach $70K?

The article discusses Bitcoin's recent price movement above $66,000 and a shift in market analysis from focusing on a local bottom to a potential macro-cycle bottom. It cites a crypto analyst noting that BTC has flashed three historical technical signals that previously coincided with major market bottoms in 2015, 2019, and 2022, suggesting the current zone could be a strong long-term accumulation area. However, the article also highlights a significant challenge: despite the price breakout, on-chain data shows a lack of supporting liquidity. Stablecoin dominance is rising while the total stablecoin market cap is shrinking, with capital continuing to leave exchanges. This divergence indicates that while the technical setup is bullish, the rally may struggle to sustain enough momentum for a decisive move into the $70,000 region without an influx of fresh capital.

ambcrypto43 min fa

Bitcoin flashes 3 macro-bottom signals – But can BTC reach $70K?

ambcrypto43 min fa

Long-Divided Must Unite, Long-United Must Divide: When L1 Becomes Its Own Rollup, What Is Ethereum's Endgame?

"The Inevitable Cycle: When L1 Becomes Its Own Rollup – What is Ethereum's Endgame?" For years, the Ethereum community grappled with concerns that L2s were fragmenting the ecosystem and eroding L1's value. While L2s provided cheaper execution, they also splintered liquidity and the unified user experience of a single chain. This has prompted a fundamental reassessment of the relationship between L1 and L2. Ethereum's roadmap is evolving. The "Scale" initiative merges L1 and L2 expansion into a holistic framework. L1 itself is advancing with higher gas limits, statelessness, and zkEVM verification, no longer content to be just a low-throughput settlement layer. Consequently, the primary value proposition of L2s is shifting from merely providing cheap blockspace to offering L1 cannot easily provide: application-specific optimizations, privacy features, and flexible governance models. L2s are becoming a spectrum of execution environments with varying degrees of security inheritance from Ethereum. A critical challenge in this multi-chain future is interoperability. The vision is to make Ethereum "feel like one chain again." This relies on advancements in native account abstraction (like EIP-7702) and intent-based architectures (Open Intents Framework), where users declare desired outcomes, and solvers handle the complex cross-chain execution. Furthermore, shortening Ethereum's finality time from minutes to seconds is crucial, as it underpins trust between chains for bridges, stablecoins, and cross-chain applications. Perhaps the most provocative idea is that Ethereum L1 itself could become a form of "its own Rollup." As zkEVM and proof systems mature, high-performance nodes could execute transactions and generate validity proofs. Regular validators would then verify these proofs instead of re-executing all transactions. This blurs the traditional L1/L2 hierarchy, making "Rollup" more of a general execution-verification architecture. Native Rollup aims to integrate L2 validation more directly into the Ethereum protocol, allowing L2s to inherit L1's security more fully and move away from reliance on security councils. In the end, L2s are not destined to replace L1 or be made obsolete by it. The likely future is a unified system where diverse execution environments—each optimized for specific use cases like DeFi, gaming, or privacy—coexist. They will share a common foundation of security, liquidity, and verifiable state, seamlessly connected to restore a cohesive user experience. The next phase for Ethereum is not just about scaling through separation, but about intelligently reintegrating what was separated back into a coherent whole.

链捕手57 min fa

Long-Divided Must Unite, Long-United Must Divide: When L1 Becomes Its Own Rollup, What Is Ethereum's Endgame?

链捕手57 min fa

Trading

Spot
活动图片