On Jan 07, 2025, 19:06 PM(UTC). According to Binance Market Data, BNB has dropped below 700 USDT and is now trading at 698.030029 USDT, with a narrowed 4.45% decrease in 24 hours.

According to CoinDesk, Bitcoin (BTC), the leading cryptocurrency by market value, has experienced a significant rally of over 50% since early November. However, recent price movements suggest the formation of a "head and shoulders" pattern, a technical indicator that often signals a shift from a bullish to a bearish trend. This pattern began to take shape after Bitcoin's initial unsuccessful attempt to reach the $100,000 mark in November, which formed the first shoulder.

The subsequent head of the pattern emerged as Bitcoin's price quickly retreated to $92,000 from a record high of over $108,000 in December's latter half. Recently, a 5% decline to nearly $97,000 indicates the potential formation of the right shoulder. If the downward trend continues and prices fall below the neckline—a horizontal trendline connecting the troughs of the two shoulders—the bearish head-and-shoulders reversal pattern would be confirmed. Currently, the neckline support is observed around $91,500.

A breach of this level could lead to a further decline, potentially bringing prices down to approximately $75,000. This target is calculated using the measured move method, which involves measuring the vertical distance from the highest point of the head to the neckline and subtracting this distance from the neckline price point. While technical analysis involves examining charts for price patterns to forecast future movements, traders should exercise caution. These patterns can sometimes fail, leading to unexpected market positions.

On Jan 07, 2025, 17:47 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 97,000 USDT and is now trading at 96,926.398438 USDT, with a narrowed 4.60% decrease in 24 hours.

According to Cointelegraph, the messaging platform Telegram has responded to 900 inquiries from the United States regarding user information, with a significant increase in requests following the arrest of CEO Pavel Durov in France. A report from 404 Media on January 7 indicated that between January 1 and September 30, 2024, Telegram fulfilled 14 requests specifically for IP addresses and phone numbers. However, the total number of inquiries from the US for the year reached 900, impacting 2,253 users, suggesting a surge in requests after October.

On August 24, French authorities detained Durov, accusing Telegram of facilitating criminal activities. In October, Durov stated that since 2018, Telegram has been providing IP addresses and phone numbers of alleged criminals to authorities in various countries upon request, a policy outlined in the platform's privacy policy. Despite the ongoing legal proceedings, which have restricted Durov from leaving France, Telegram continues to operate with a reported 950 million monthly active users as of September. The app remains popular, particularly within the crypto community, due to its end-to-end encryption features.

According to BlockBeats, on January 8, Nvidia's Chief Financial Officer stated that the growth fueled by artificial intelligence is expected to continue for the next ten years, presenting numerous opportunities for expansion in the future.

According to PANews, recent data from Token Terminal indicates that the total active loans in the on-chain lending market have reached an all-time high, surpassing $20 billion. The previous record was set in December 2021.