1. Market Watch
Keywords: ETH, ETF, BTC
Cryptocurrency ETFs raised $585 million this month, primarily from Bitcoin and Ethereum funds, despite a profit-taking decline in December. Meanwhile, Calamos is planning to launch an innovative Bitcoin ETF that provides comprehensive loss protection while limiting potential gains through an annual reset mechanism. Bitcoin has performed well in 2024, becoming the seventh largest asset globally, and is expected to first break the $102,000 mark in 2025. However, trading volume has dropped to its lowest level since 2021, and renowned analyst Peter Brandt warns of a potential 50% correction, bringing uncertainty to the market.
In regulatory news, Gemini, founded by the Winklevoss twins, reached a $5 million settlement with the CFTC to resolve misleading allegations during the launch of the first U.S. regulated Bitcoin futures contract. Market positive news continues, with Coinbase's premium index turning bullish, and MicroStrategy increasing its holdings by 1,070 BTC. On Monday, the cryptocurrency market rose due to increased holdings by MicroStrategy and Metaplanet. However, Bitcoin faced resistance at the $108,000 mark and briefly fell below the $100,000 psychological level. Nevertheless, 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 is $60.69 billion
Ethereum: $3,394.61 (year-to-date +1.49%), daily spot trading volume is $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: To be announced / Previous: 227,000 / Expected: 150,000
Unemployment rate (January 10, 21:30)
Actual: To be announced / Previous: 4.2% / Expected: 4.2%
5. Hot News
ZKsync Ignite has launched the Ignite Season 1 incentive program, allocating 100 million ZK
Illuvium collaborates with Virtuals to introduce autonomous AI NPCs to its games
In 2024, ETFs and listed companies purchased 859,454 BTC, absorbing 4.3% of the circulating supply within a year
Sol Strategies obtains a CAD 25 million credit line for investment in the Solana ecosystem
Arbitrum awards the largest developer grant in history to Korean giant Lotte, promoting Caliverse blockchain integration
MicroStrategy purchased over $22 billion of Bitcoin in 2024
Usual will activate the token fee switch before February 1
Jambo will launch J tokens on Solana this month, with a total supply of 1 billion
Binance will list COOKIE, ALCH, and SWARMS perpetual contracts, supporting up to 75 times leverage
Backpack Exchange acquires FTX EU for $32.7 million, NFT project Mad Lads briefly rises by 24%
Binance Alpha adds HAT, AIXCB, and NEUR
NVIDIA announces the launch of the 'World Foundation Model' NVIDIA Cosmos
Solana Mobile's second phone, Solana Seeker, is expected to launch in mid-2025
Babylon will launch the second phase of its testnet on January 8
Arthur Hayes: The crypto market may peak in mid-March, followed by a severe correction
Anti-crypto Federal Reserve Vice Chair Michael Barr resigns
Supported by OSL - Hong Kong's largest OTC trading platform, continuously providing regulated digital asset services since 2018.
