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**🚨【January 25th Coin Circle Express】Trump family tokens plummeted 20%! Grayscale launches LTC ETF again! Hong Kong sets a legal precedent! **
🔥 *Today's focus:*
1️⃣ **Trump Memecoin storm**
TRUMP tokens plummeted nearly 30% in a single day due to Trump's response that he "did not understand the details of the project" and are now trading at $27.6. But Cathie Wood said it "symbolizes a new stage of the crypto revolution", and the top 5 addresses still control more than 90% of the market.
*👉 Thinking: Is celebrity token a bubble or a new narrative? Chat in the comment area! *

2️⃣ **Grayscale LTC ETF application progresses**
The New York Stock Exchange submitted Grayscale Litecoin Trust 19b-4 form. If approved, it will become the first LTC spot ETF! CoinShares simultaneously applied for XRP/LTC ETF, and the competition for altcoin ETFs has begun.
*📈 On-chain data: LTC on-chain active addresses increased by 18% week-on-week, which may reflect market expectations in advance. *

3️⃣ **Hong Kong court freezes TRON on-chain assets**
The High Court successfully froze $2.6 million in fraud assets by sending a "tokenized legal notice" to the TRON wallet! The world's first blockchain judicial warrant case may become a milestone in Web3 compliance.

4️⃣ **Security alert! $4.1 million stolen**
SlowMist warning: AdsPower fingerprint browser plug-in updated from January 21 to 24 has a backdoor! The stolen funds flowed to 4 addresses. Users are advised to transfer assets immediately and reinstall their wallets.

5️⃣ **Institutional holdings reached a new high**
BlackRock IBIT holdings exceeded 574,000 BTC (about 60 billion US dollars), accounting for 2.9% of the circulation! MicroStrategy's holdings reached 461,000 BTC, with an average cost of $63,610 and a floating profit of more than 45%.

Has Vitalik been awakened by criticism?

Vitalik published an article today titled "Scaling Ethereum L1 and L2s in 2025 and beyond," which sparked widespread discussion as soon as it was released. In the second to last section of the article, he discusses the economics of ETH, suggesting a multi-faceted strategy to cover all major potential sources of value for ETH as a three-point asset. Some key points of this strategy are as follows:

1. A broad consensus on solidifying ETH as the main asset of the larger (L1 + L2) Ethereum economy, supporting applications that use ETH as the primary collateral.
2. Encouraging L2 support for ETH by charging a certain percentage of fees. This can be achieved by burning a portion of the fees, permanently staking and donating the earnings to Ethereum ecosystem public goods, or other similar schemes.
3. Supporting the aggregated parts as a way for L1 to capture value through MEV, but not trying to force all aggregations to be based on this (as it does not apply to all applications), nor should one assume that this alone can solve the problem.
4. Increasing the number of blobs, considering the minimum blob price, and viewing blobs as another potential source of income. As a possible future example, if the average blob fee of the past 30 days is adopted and it remains constant when the number of blobs increases to 128, Ethereum would consume 713,000 ETH annually. However, this favorable demand curve is not guaranteed, so one should not assume that this alone can solve the problem.

Do you think the four points proposed by Vitalik can resolve the downward trend in ETH prices?

Why do you hold DOGE #DOGE冲冲冲 Follow Yong Ge Comment area to post Dogecoin

Sun Yuchen said that if he led the Ethereum Foundation, Ethereum would reach ten thousand dollars ETH#特朗普就职后行情怎么走？

After spending 11 years in prison, Silk Road founder Ross Ulbricht has finally regained his freedom. Bitcoin Magazine was the first to disclose Ulbricht's first photo after his release. In 2011, Ross Ulbricht founded the darknet e-commerce platform Silk Road, allowing users to freely trade various drugs, including marijuana and heroin. Despite the platform sparking significant controversy, it also became one of the important early applications of Bitcoin. Ross Ulbricht profited over 170,000 bitcoins from operating the platform. After Ross Ulbricht was pardoned, discussions began about whether FTX founder SBF might have a chance at a similar pardon. Although SBF's case is very different from Ross Ulbricht's, both were imprisoned for crimes related to cryptocurrency.

Family-style coin issuance? After Trump, his wife will issue

Many people have not yet come out of the news of Trump's coin issuance, and many people are guessing who will be the next celebrity to issue coins. When most KOLs guessed that the next one would be the President of Argentina or President Salvador, the answer was not between the two. Trump's wife announced the launch of MEME tokens on social media. Surprised, everyone is very likely to see the trend of family-style coin issuance. Now, to speculate in coins, you don't have to learn finance, macroeconomics, and family genealogy. However, many people have expressed their concerns about this. What do you think the impact of this family-style coin issuance will have on the entire crypto industry in the future? Will it be better or worse? It is also possible to predict whether this family-style coin issuance will continue further?

Trump SOL releases MEME with a market value of over 10 billion

Trump tweeted that the new official Trump Meme is now online and it's time to celebrate everything we stand for. Welcome to join this very special Trump community and get your TRUMP now.

Many people doubt the authenticity of the incident and suspect that Trump's X account was stolen. As of the time of posting, the rumor has not been refuted. Many cryptocurrency media also said that it is highly likely not caused by hacking. The market value of the token has exceeded 10 billion US dollars.

The content of the TRUMP official website shows that Trump Memes aims to support and participate in the ideals and beliefs embodied by the "$TRUMP" symbol and related artworks. CIC Digital LLC and Fight Fight Fight LLC, subsidiaries of the Trump Group, jointly hold 80% of TRUMP, but they must follow a three-year unlocking plan. At this important node when Trump is about to take office, this action is also seen as an important event for Trump to fulfill his campaign promise. In addition to the popularity of tokens, pressure has once again come to ETH.

FTX's new developments further affect the trend of altcoins
Recently, altcoins have performed poorly, and the proportion of Bitcoin has further increased. FTX has made new developments and announced a preliminary compensation schedule. The first compensation is expected to start on February 25. According to on-chain data, the FTX liquidation address is transferring tokens to the exchange at a frequency of several transactions per day. In the case of poor performance of altcoins, compensation may involve selling coins. Will this situation further affect the trend of altcoins after the new year? The currencies that may be greatly affected by this news include $FTT, $OXY, $MAPS, etc.

Is the US government's shipment the reason for Bitcoin's decline?

Bitcoin in 25 years has ushered in a three-day correction after hitting the $100,000 mark for the second time. Just as the rise needs to find a reason, such a rapid correction seems to need a reason. Soon someone found a reason, saying that the US Department of Justice was allowed to sell $6.5 billion worth of Bitcoin seized from Silk Road. A federal judge ruled on December 30 that the Department of Justice (DOJ) could sell 69,370 BTC seized from the Silk Road dark web market. The power of the news seems to have a great influence, but this 24-year news does not seem to be enough to explain the fluctuations in the past few days in 25 years. First of all, from the current known US holdings data, the United States has not sold Bitcoin. Secondly, even if the US government is eager to clear these Bitcoins before Trump takes office, it needs to seek buyers outside the market. Today's secondary market cannot withstand such a large selling pressure. What do you think is the reason for the recent decline, or do you think the US government will sell this part of Bitcoin?

The narrative of CKB digital land is once again validated on SilentBerryNFT. As berry buyers, in addition to reading this literary work and earning royalty profits from the issuance mechanism, one NFT (DOB) also amounts to 217 CKB. As of now, berry sales have already locked in over 100,000 CKB. If gold, silver, and bronze are all sold out, it will exceed one million CKB, and this is just the sale of one book. This will be a completely new narrative distinct from ETH, SOL, and others.

What is SilentBerry, it is a decentralized publishing platform based on $CKB. The books utilize CKB's spore/DOB protocol to implement copyright content on the blockchain. The currently published book is Professor Qin's 'Saving Democracy'. From an investment perspective, let’s roughly calculate the profit situation upon purchase. To put it straightforwardly, when gold, silver, and bronze are all sold out, and blueberries have sold 20,000 copies, the holders of gold, silver, and bronze will all realize a profit. In this scenario, the platform has 39,164u, the author has 63,964u, with individual gold profit at 1,182u+, individual silver profit at 43u+, and individual bronze profit at 2u+. For every additional 10,000 copies of blueberries sold, the platform gains 7,000u, the author gains 14,000u, with individual gold profit at 291u+, individual silver profit at 14u+, and individual bronze profit at 8u+. I believe that after reading this, the smart you must have already figured out whether to invest and which one to invest in. Gold, silver, and bronze, the conditions for capital preservation are also very simple. When silver is sold out, gold will realize a small profit, and when bronze is sold out, silver will realize a small profit. As mentioned earlier about bronze, there is a small profit when blueberries sell 20,000 copies.

As of now, gold and silver have sold out, and gold holders broke even and made a profit on the day of the sale, while bronze is still available for sale.

Mudita tweeted on X that he had invested 1,800 bitcoins but did not get the rights and interests he deserved, and he wanted to defend his rights. Although the project party's information was not directly disclosed in the tweet, it said that he had sent a message to the project party, and if there was no response within a day, he would publish more information about the project and stakeholders. However, it was soon guessed that it was Solv Protocol, and there were many different opinions for a while. Some said that the Solv project party signed a guarantee with the big players for 8-10% "coin standard", and finally in order to be listed on Binance, that part of the tokens were airdropped to Binance, and the part promised to the big players was not executed. In fact, it is no secret that the so-called TVL is purchased from large investors. In addition to some spectators who helped to cheer, there are also rational viewers who analyzed that she might be doing wealth management on behalf of others and signed a guarantee with the customers. Although she pledged mBTC, she did not participate in various boosts in the later stage, which seriously diluted her points. The points in the later stage were too few, resulting in fewer tokens airdropped in the end, and the APY of the pledge was too low, making it difficult to explain to the financial backers later. In the end, she had to resort to public opinion to protect her rights. How do you think this incident will develop next?

The Little Prince of Crypto, Elon Musk, Has Times When He Can't Drive Prices?

This time, the little prince of crypto didn't shout out for Dogecoin, but instead changed his X profile picture to a PEPE-themed avatar and renamed himself Kekius Maximus. Following this news, PEPE began to surge, along with KEKIUS on Ethereum. The meme coin of the same name on the SOL chain also started to perform. It seemed to harken back to the days when Musk was promoting Dogecoin; many KOLs began to rally support, with some suggesting that Musk's change of avatar and name means that his hundreds of millions of followers, as long as he is active, cannot be compared to any other traffic. Under the influence of FOMO sentiment, many believe Musk's new avatar will last at least a week. Everyone understands that buying related concept tokens is a gamble on when he will change his avatar back. Unexpectedly, it only lasted for two days before the avatar was restored. Unsurprisingly, as Musk's X account reverted to its original avatar and nickname, the related concept coins faced a plunge. KEKIUS on Ethereum dropped by 75%, and KEKIUS on the SOL chain fell by 71%. Can Musk's title as the little prince of crypto continue to be maintained?

Binance Lists Solv, Counting the Bitcoin Ecosystem

The Bitcoin ecosystem gained significant attention earlier this year. Some believe that as the leader of the entire cryptocurrency market, Bitcoin's liquidity, once released, will surpass that of any other public chain ecosystem. Others argue that the Bitcoin ecosystem is a false proposition, as Bitcoin's liquidity does not lie in the hands of retail investors; instead, Bitcoin does not need an ecosystem, but rather the Bitcoin ecosystem needs Bitcoin. With Solv's listing on Binance, the debate is likely to intensify. Today, let's discuss the Bitcoin ecosystem, starting with the wallet that serves as the entry point for traffic. The wallet most frequently used by players in the Bitcoin ecosystem, and regarded as the best experience, is OKX Wallet. It can be said that the OK Web3 wallet and the Bitcoin ecosystem mutually enhance each other. Next, the wallet that is also widely used is Unisat, primarily driven by BRC20. Speaking of BRC20, we must mention Ordinals, which has given rise to numerous asset issuance protocols on Bitcoin's first layer. Initially serving as NFTs, it has also evolved into BRC20 as a token issuance standard, along with BRC721, BRC420, ORC20, and others. It is evident that during that period, asset issuance in the Bitcoin ecosystem was flourishing. However, despite the many protocols, there has not been a strong and relatively unified asset issuance standard. Apart from the first layer, there are also many teams working on the second layer of Bitcoin. Some of the older ones include the Lightning Network and the RGB protocol, while new Bitcoin second layer ecosystem teams in 2024 are mainly focused on Rollup and sidechain technology directions. Rollups include Merlin (which, influenced by airdrops, almost reached a TVL of $2 billion) and BitVM, while sidechains include Stacks and Nervos. Do you think the Bitcoin ecosystem is a fictitious demand?

29 days left for ckb outbreak

Will American companies use Bitcoin as a reserve asset on a large scale?

On the 15th of this month, FASB (Financial Accounting Standards Board) officially passed the fair value accounting standards for Bitcoin. Before that, companies holding Bitcoin could only measure the Bitcoin assets they held at historical cost, which was simple and crude in accounting treatment. Assuming that a company bought a Bitcoin last year, it could only be included in the company's assets at $30,000. It might be handled like this: Debit: Trading financial assets-cost $30,000 Credit: Other monetary funds-deposited investment funds of $30,000. However, this is obviously wrong. In fact, under the old accounting treatment, Bitcoin is treated as an intangible asset. If its price is lower than the company's purchase price, even if the company has not sold it, it needs to be impaired on the books. If the price rises, the company cannot reflect the income on the books unless it is sold. It can be seen that the old accounting standards took a rather cautious attitude towards Bitcoin risks, while the new accounting standards measure Bitcoin at fair value. Therefore, when the company reaches the balance sheet date, the difference between the fair value and the book value will be accounted for in the fair value change and the fair value change profit and loss. When selling Bitcoin, the actual amount received will be deducted from the book cost of financial assets and the difference in fair value change and included in the investment income. Obviously, the new rules are more reasonable, allowing companies holding Bitcoin to reflect the price fluctuations of Bitcoin in their financial statements. Do you think this institutional change will promote the large-scale adoption of Bitcoin as a reserve asset by American companies?

Be your own god; although it's an advertisement, it resonates with the insights I've accumulated over the years in this circle.

Talent

Do you think $Vana is the most successful meme of the year in the comedy category?
▰ Twitter Space only had 2 listeners
▰ Approaching TGE, snapshot was taken 3 days ago
▰ Mainnet airdrop, directly claiming real coins
▰ Traffic was too high, manually distributed airdrop
▰ Listed on Binance
Is this really funny? 🌝 It does sound funny

We all laughed, but it seems we are not laughing at the same thing... reasons as shown in the picture

We always say that hackers treat the cryptocurrency world as an ATM. Indeed, many major explosions in the cryptocurrency world are inseparable from the shadow of hackers. After many rounds of bull and bear markets, most of the old people in the circle have realized that the chain is as dangerous as a dark forest, and they have begun to pay attention to asset security, such as buying hard wallets to store large assets, not clicking on links at will, and being reluctant to sign and authorize. Logically speaking, project parties as practitioners should be more cautious in terms of security, but there are still people like DEXX who treat user assets as a joke. If DEXX can pay more attention to security, can it escape? The answer is not necessarily. Radiant Capital is a decentralized cross-chain lending protocol based on LayerZero. The project was attacked by hackers and lost about 50 million US dollars. The process of the hacker attack can be said to be carefully designed, one link after another. In the context of most projects in the circle today using remote office collaboration, a developer of Radiant Capital received a Tg message disguised as an outsourced colleague. The message was: There is a new job for smart contract auditing, please help me look at the project report. A compressed file was attached to the message. Since the hacker used a fake website that was very close to the real domain name, the team member did not realize that this was a scam. When he downloaded and unzipped the compressed file, he saw the icon name on the surface, which seemed to be a normal PDF file. Even if he opened the file, he still didn't see any problems. But in fact, this file is an executable malware. Not surprisingly, when the team member solicited feedback from other developers, he shared the file with others. In the end, the hacker used this malware to exploit the hardware wallet blind signature vulnerability to obtain contract permissions and transferred the funds of users' authorized contracts on a large scale. How can we ensure the security of Web3 remote collaboration?