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

marsbitPublished on 2026-01-20Last updated on 2026-01-20

Abstract

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

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Related Questions

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.

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