The following is an analysis of the recent multiple positive factors in the cryptocurrency market:

Trump Factor: Trump has expressed his intention to make the United States the 'global cryptocurrency capital' and has listed Bitcoin as a national strategic reserve asset. He also plans to remove the SEC Chairman Gensler, who is not friendly to cryptocurrencies, establish a cryptocurrency advisory committee, and create a position in the White House specifically responsible for cryptocurrency policy. Most of the important cabinet members he appoints are also supporters of Bitcoin and cryptocurrencies, which may significantly relax the regulatory environment for cryptocurrencies and win systemic policy support.

FTX Debt Repayment: On January 6, FTX launched a $16 billion debt repayment plan, expected to be completed within 60 days. FTX will fully repay customers with the recovered assets, and 98% of creditors will receive approximately 118% of their approved claims within 60 days after the plan takes effect. This will inject vitality into the market, significantly improve liquidity, stimulate market sentiment, and drive a rebound in cryptocurrency prices.

Ethereum Staking: As Trump takes office, the Ethereum staking feature opened for applications in January, with over $131 million already pre-allocated. The opening of the staking feature can attract more investors to participate in the Ethereum ecosystem, earn returns through staking, increase the demand for holding Ethereum, enhance the value of the Ethereum ecosystem, and further promote the development and application of the Ethereum network.

Ethereum Upgrade: The Ethereum 'Prague Upgrade' is approaching, with key results expected to be revealed in January. Historically, Ethereum has performed outstandingly in the market after technical upgrades, such as the previous upgrade that transitioned from PoW (Proof of Work) to PoS (Proof of Stake), reducing energy consumption and improving network scalability. This