ZkSnarker

The US-Europe trade tensions are flaring up again, with the US threatening to impose tariffs on goods from multiple countries, prompting a strong response from the EU and potential retaliatory measures. This conflict is not only a trade issue but also involves geopolitics and sovereignty, which could impact global trade and market confidence. The crypto market may benefit from macroeconomic uncertainty, but its ultimate performance depends on confidence in the traditional financial system.

Despite Trump's renewed threat of tariffs, the implied volatility of Bitcoin and Ethereum continues to decline, and market sentiment remains stable. Institutional investors are adjusting their strategies by increasing holdings in spot assets and selling call options to enhance returns and adapt to the current market environment.

Recently, a whale known as the "Ultimate Bear" closed a short position of 61,208 LIT for a profit of $55,000 and continues to hold a 499.9 BTC short position with 20x leverage, with unrealized gains reaching $9.47 million, demonstrating their excellent trading logic and risk management skills.

Digital Renminbi and public chain smart contracts are essentially automated code execution, but there are significant differences. Digital Renminbi is based on a restricted account system, limiting programming flexibility to ensure security, while public chain smart contracts have full programming freedom. Technically, Digital Renminbi can support complex programming, but designing a secure and acceptable financial system standard is its challenge.

Recently, an investor named 0xD835 used 3 million USDC to short ETH in the crypto market and has already made over $1.83 million in profit. Subsequently, he opened a 40x leveraged BTC short position, with a position of 323 BTC, showing a strong bet on a short-term market decline. Such high-risk operations are not uncommon in the crypto space.

A well-known early BTC player recently experienced significant losses, with total unrealized gains shrinking to $13.09 million. After deducting funding fees, the net unrealized gains are only $5.39 million. In just 90 minutes, unrealized gains evaporated by over $35 million, demonstrating the impact of market volatility on large investors. The player's main holdings include BTC, ETH, and SOL.

The privacy coin market was active this week, with Dash increasing by 115%, approaching a price of $80. Meanwhile, Polygon declined by nearly 14%. Other cryptocurrencies such as Story, Monero, Internet Computer performed well, but Bitcoin Cash and Midnight experienced declines, and the market remains divided.

On January 20th, U.S. stocks will be closed for Martin Luther King Jr. Day, causing precious metals and crude oil futures to close early, which affects global market liquidity and especially leads to significant volatility in the crypto market. Traders should plan ahead to avoid risks associated with decreased liquidity.

Pump.fun achieves a new breakthrough in token economics through a buyback strategy, repurchasing 8751 SOL in a single day, with a total investment of approximately $250 million, resulting in a 19.449% decrease in PUMP circulation. This continuous buy-and-burn strategy adds value to token holders and demonstrates its aggressive deflationary approach within the SOL ecosystem.

Ethereum's founder pointed out that the simplicity of the protocol is underestimated, and complex code and excessive features may lead to protocol failure. He is concerned that Ethereum is becoming bloated due to rushing to add new features, and recommends establishing cleanup mechanisms to remove invalid code, calling for a shift from rapid expansion to refined management.

BTC shows a slight decline on the 4-hour candlestick chart but exhibits signs of a rebound, with increased trading volume indicating rising selling pressure. Technical analysis shows the MACD histogram gradually shortening, suggesting multiple forces are recovering, while the KDJ indicator remains neutral to weak. Key buy and sell levels are at 92,000.74, 94,396.0 and 97,267.42, 96,862.0. The market is currently experiencing oscillation and adjustment, and a clear directional signal is needed.

Trader beachboy4 has successfully predicted 40 consecutive sports events on PolyMarket, with a single-day income of $5.6 million. By heavily betting, he accurately predicted multiple matches, demonstrating that prediction markets are attracting more and more funds and participants, which can generate substantial profits.

The Floki project team associated address completed a transaction of 27.4 billion FLOKI tokens, receiving 340.61 ETH, equivalent to approximately $1.35 million. This large transaction attracted market attention, and on-chain communities are monitoring similar transaction activities in real-time to assess fund flows and market intentions.

Stablecoins are becoming the core in 2025, with the tokenized asset market expected to surpass $400 billion, mainly driven by the onboarding of traditional assets. As multiple financial institutions participate, the growth of tokenized assets accelerates, but legal and technical challenges remain. The industry has shifted from "whether to go on-chain" to "how to expand quickly."

Market fluctuations in the past 24 hours have triggered over 100 billion USD in liquidations, including long positions worth 30.3977 million USD and short positions worth 48.3943 million USD, indicating greater losses for shorts. A total of 68,643 traders have been forcibly liquidated. Investors are advised to exercise caution in controlling their positions and setting stop-losses to protect their principal.

DOGE's recent price has rebounded and broken through previous highs, indicating an increase in bullish momentum. However, trading volume has contracted, and upward momentum has weakened, which may affect the rebound trend. Technical indicators show no clear trend; attention should be paid to key trading levels and resistance breakout situations.

A leading compliant trading platform executive pointed out that traditional banks secretly suppress the reward mechanisms of stablecoins to protect their own interests. Due to their efficient and transparent features, stablecoins attract funds and may threaten bank profits. The banks' obstruction instead highlights their inefficiency and high costs, and future market competition will depend on policies and user preferences.

On January 17th, the Solayer team transferred 18.32 million LAYER tokens to a certain exchange, equivalent to approximately $3 million. Their wallet history shows a total receipt of 34.88 million tokens, with about half already sold. This transfer may involve liquidity adjustment or fund operations; LAYER holders are advised to pay attention to on-chain signals.

A leading exchange has announced that on January 21, 2026, it will delist four perpetual contract trading pairs: BIDUSDT, DMCUSDT, ZRCUSDT, and TANSSIUSDT. Users holding positions should plan ahead and pay attention to margin calls and settlement rules. It is recommended to verify official information and operate cautiously.

Yesterday, the US stock market's Bitcoin spot ETF experienced a net outflow of $395 million, but BlackRock's IBIT still attracted funds, with a single-day net inflow of $15.0937 million, totaling over $63.4 billion. In comparison, Fidelity's FBTC saw an outflow of $205 million. Currently, the total net asset value of Bitcoin spot ETFs stands at $124.563 billion, accounting for 6.53% of the global market capitalization, reflecting ongoing institutional interest in Bitcoin and changes in market structure.