1. Market Watch

Keywords: ETH, ETF, BTC

Cryptocurrency ETFs raised $585 million this month, mainly from Bitcoin and Ethereum funds, despite profit-taking declines in December. Meanwhile, Calamos plans to launch an innovative Bitcoin ETF that provides comprehensive loss protection while limiting potential gains through an annual reset mechanism. Bitcoin has performed brilliantly in 2024, ranking as the seventh largest asset globally, and is expected to first break $102,000 in 2025. However, trading volume has dropped to its lowest level since 2021, and renowned analyst Peter Brandt has warned of a potential 50% pullback, bringing uncertainty to the market.

In regulatory news, Gemini, founded by the Winklevoss twins, reached a $5 million settlement with the CFTC, resolving misleading allegations during the launch of the first U.S.-regulated Bitcoin futures contracts. Positive market news continues, with the Coinbase premium index turning bullish, MicroStrategy increasing its holdings by 1,070 BTC, and the cryptocurrency market rising under the influence of MicroStrategy and Metaplanet. However, Bitcoin faced resistance at the $108,000 level and briefly dipped below the psychological threshold of $100,000. Nonetheless, the continuously strengthening institutional support and the growth trend of the global cryptocurrency market still provide momentum for Bitcoin to reach higher targets.

2. Key Data (as of January 8, 09:20 HKT)

  • S&P 500: 5,909.03 points (Year-to-Date +0.47%)

  • NASDAQ: 19,489.68 points (Year-to-Date +0.93%)

  • 10-Year U.S. Treasury Yield: 4.680% (Year-to-Date +10.40 Basis Points)

  • U.S. Dollar Index: 108.66 (Year-to-Date +0.16%)

  • Bitcoin: $96,957 (Year-to-Date +3.79%), Daily Spot Trading Volume: $60.69 Billion

  • Ethereum: $3,394.61 (Year-to-Date +1.49%), Daily Spot Trading Volume: $33.32 Billion

3. ETF Flows (January 7 EST)

  • Bitcoin ETF: -$457.43 million

  • Ethereum ETF: -$19.15 million

4. Important Dates (Hong Kong Time)

FOMC Meeting Minutes (January 9, 03:00)

Non-Farm Payroll Data (January 10, 21:30)

  • Actual: Pending Release / Previous Value: 227,000 / Expected: 150,000

Unemployment Rate (January 10, 21:30)

  • Actual: Pending Release / Previous Value: 4.2% / Expected: 4.2%

5. Hot News

ZKsync Ignite has launched the incentive program Ignite Season One, allocating 100 million ZK

Illuvium partners with Virtuals to introduce autonomous AI NPCs to its game

In 2024, ETFs and public companies collectively purchased 859,454 BTC, absorbing 4.3% of the circulating supply within a year

Sol Strategies secures a CAD 25 million credit line for investing in the Solana ecosystem

Arbitrum awards South Korean giant Lotte with the largest developer grant in history, promoting Caliverse blockchain integration

MicroStrategy purchases over $22 billion in Bitcoin in 2024

Usual will activate token fee switch before February 1

Jambo will launch the J token on Solana this month, with a total supply of 1 billion tokens

Binance will launch COOKIE, ALCH, and SWARMS perpetual contracts, with up to 75x leverage

Backpack Exchange acquires FTX EU for $32.7 million, NFT project Mad Lads briefly rises 24%

Binance Alpha adds HAT, AIXCB, and NEUR

NVIDIA announces the launch of 'World Foundation Model' NVIDIA Cosmos

Solana Mobile's second smartphone, Solana Seeker, is expected to launch in mid-2025

Babylon to launch Phase Two of testing on January 8

Arthur Hayes: The crypto market may peak in mid-March, followed by a severe correction

Anti-Crypto Federal Reserve Vice Chairman Michael Barr resigns

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