1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: +0.13%
ETH: -2.76%
XRP: +7%
SOL: +3.09%
DOGE: -0.32%
HBAR: +23.8%
LTC: +8.07%
ADA: +3.38%
XLM: +2.17%
BNB: +0.02%
24-hour price increase list (data source: OKX)
MORPHO: +28%
HBAR: +24%
CXT: +15.7%
ALGO: +11.5%
EOS: +10.8%
SAMO: +9.4%
LTC: +8.07%
CSPR: +8%
CFX: +8%
IOTA: +8%
2. Top 5 popular memes on the chain (data source: GMGN ):
ROSSCOIN
CGAI
TRUMP
ALINAintel
RYZE
3. 24-hour hot search currencies
SOL: Trump is “open” to the idea of establishing a strategic reserve containing U.S.-created digital currencies, which would prioritize U.S.-created digital currencies such as Solana, USDC, and Ripple.
XRP: Eric Balchunas, senior ETF analyst at Bloomberg, said: The Litecoin ETF now meets all the conditions, and the first altcoin ETF in 2025 is about to enter the countdown.
Headlines
Trump ‘open to’ idea of creating US digital currency as strategic reserve
Trump is “open” to the idea of establishing a strategic reserve that includes U.S.-created digital currencies, which would prioritize U.S.-created digital currencies such as Solana, USD Coin, and Ripple.
Bloomberg analyst: Litecoin ETF has met all conditions and may become the first altcoin ETF in 2025
Eric Balchunas, senior ETF analyst at Bloomberg, said on social media, The Litecoin ETF now meets all the conditions, and the first altcoin ETF in 2025 is about to enter the countdown. I dont see any reason to withdraw the application, especially when the SEC has commented on the S-1 filing, Litecoin is considered a commodity, and the SEC has new leadership.
Bloomberg analyst: Solana ETF may not be approved for listing in the United States until 2026
Bloomberg Industry Research analyst James Seyffart said in an interview that even if the White House takes a friendly attitude towards cryptocurrencies, the Solana ETF may not be launched in the United States until 2026. He said that after President-elect Donald Trump took office on January 20, the issuer may see an improvement in the lag in the Solana ETF application. However, since the SEC once took 240-260 days to review the documents, this timeline may be extended to 2026. In addition, the U.S. Securities and Exchange Commission is filing a lawsuit against cryptocurrency exchanges, alleging that SOL constitutes an unregistered security, which makes the review process more complicated. The SEC Enforcement Division calls Solana a security, which makes it difficult for other SEC departments to define it as a commodity ETF for review, said Seyffart.
Phantom announced that it has completed a $150 million Series C financing with a valuation of $3 billion, led by Sequoia and Paradigm, and other participating institutions include a16z crypto, Variant, etc. This round of financing will accelerate Phantoms mission to build the worlds largest and most trusted consumer finance platform.
Multicoin Capital, one of Solana’s early investors, is now trying to change the Solana network’s inflation mechanism.
Tushar Jain and Vishal Kankani, two partners at Multicoin Capital, submitted a smart release proposal for Solana, proposing to adjust the issuance of SOL from the current fixed schedule to a market-based solution. Multicoins proposal could reduce SOL inflation.
In Solana terms, inflation refers to the network issuing SOL to validators who run the Solana software and help build the blockchain. Validators then pass these issued SOL, along with some MEV (miner extractable value) rewards, to stakers who delegate SOL to them.
In short, Multicoins proposal sets a target staking rate of 50% to ensure the security and decentralization of the network. If more than 50% of SOL is staked, issuance will be reduced to reduce returns and thus discourage staking. If less than 50% of SOL is staked, issuance will increase to increase returns and encourage staking. The minimum inflation rate is 0%, and the maximum is based on the current Solana issuance curve.
Solanas inflation rate was initially set at 8% and will be reduced by 15% each year until it reaches an inflation rate of 1.5%. According to Solana Compass, SOLs inflation rate is currently around 4.8%. Solana co-founder Anatoly Yakovenko said in a podcast that the concept of a fixed rate was borrowed from the Cosmos blockchain and that inflation is just accounting treatment.
Industry News
Jupiter: Airdrop claims will be available next week, users need to create a profile homepage first
Jupiter officially stated on X that airdrop claims will be open next week. Users need to create a personal profile homepage first. This homepage will later become the central hub for users to handle any Jupiter-related matters, from airdrop claims to future product releases and other community plans.
Jupiter added that more than 750,000 addresses were identified as bots/sybils. Given the large size of the airdrop (about 10 million addresses), some addresses may have been mislabeled. If you are one of them, you have 3 months to file an appeal.
Project News
Coinbase International will launch AIXBT, PNUT and VET perpetual contracts
Coinbase International and Coinbase Advanced will list AIXBT, PNUT and VET perpetual contracts. The AIXBT-PERP, PNUT-PERP and VET-PERP markets will open on or after 9:30 AM UTC on January 23, 2025.
OKX will launch DUCK leveraged trading, perpetual contracts and simple coin earning
According to the official announcement, OKX will officially launch the DUCKUSDT perpetual contract on the web, App and API at 7:00 pm (UTC+ 8) on January 16, 2025, and will launch DUCKs leveraged trading and simple coin earning at 12:00 noon (UTC+ 8) on January 17, 2025.
Dolos developer @khouuba posted on the X platform that he will launch the code-free, one-click AI Agent development platform Dolion on January 28, which can simplify social media management and on-chain operations. It will initially support X and TikTok, and plans to expand to Meta platform, LinkedIn and WeChat in the future.
All value of the Dolion platform will flow into the BULLY token, making it the core of the ecosystem through repurchase and burning mechanisms.
Universal Basic Compute announced on the X platform that it will launch a staking mechanism, where users can stake UBC to obtain COMPUTE tokens. The output efficiency of COMPUTE will vary depending on the length of the stake.
According to Universal Basic Computes previous announcement, COMPUTE tokens will conduct an LBP sale in the next three days, with 75% of the total sales, and the remaining tokens will be produced by staking UBC.
Investment and Financing
Nomura-backed cryptocurrency custodian Komainu raises $75 million
Komainu Holdings Ltd., a cryptocurrency custodian backed by Nomura Holdings Inc., announced it has raised $75 million in funding from Blockstream Capital Partners.
The company plans to use the funds to support global expansion plans and integrate collateral management and tokenization technology developed by Blockstream Corp. after obtaining regulatory approval. Blockstream CEO Adam Back will join Komainus board of directors. (Bloomberg)
Tapestry, the social graph protocol of the Solana ecosystem, has completed a $5.75 million Series A financing with a $35 million equity valuation and a $70 million token valuation. Union Square Ventures and Fabric Ventures jointly led the investment, and Stellation Capital, Slow Ventures and Foresight Venture participated in the investment. It is reported that as part of the transaction, Nick Grossman of Union Square Ventures, Anil Hansjee of Fabric Ventures and Peter Boyce of Stellation Capital have all joined the Tapestry board of directors. The Series A financing brings Tapestrys total financing to $12.5 million. Tapestry aims to enable developers to easily integrate social functions into blockchain applications, and plans to expand to blockchain ecosystems such as Aptos, Monad and Berachain in the future.
Character Voice
Bloomberg analyst: It’s only a matter of time before the SEC approves Solana or XRP ETF
Bloomberg analyst James Seyffart wrote on the X platform: I think its only a matter of time, not if, for the SEC to approve a Solana or XRP ETF, but the Litecoin ETF may be approved first - mainly because the SEC has not accused Litecoin of being a security.
