Today's Hot List Interpretation:

1. Ethereum and Solana Chain on-chain stablecoin issuance exceeds 2 billion
The increase in stablecoin issuance indicates enhanced on-chain liquidity, which may signal a market rebound, but caution is needed as some funds may be used for short-term arbitrage.

2. Three major U.S. stock indices open lower, Nvidia plummets 12%
Nvidia's sharp decline may be related to adjustments in chip demand expectations, dragging down overall sentiment in the U.S. stock market and affecting the crypto market.

3. Former Grayscale communications director joins DeFi Education Fund
Jennifer Rosenthal's transition to the DeFi sector indicates that executives from traditional institutions are moving towards the Web3 industry, potentially signaling further development in the decentralized field.

4. Whale deposits 5.64 million POL, floating loss of 1.32 million USD
The movement of large assets has attracted market attention, but the floating loss status may indicate that the whale still has confidence in the market's future or has other strategic purposes.

1/28 Market Analysis: Why Did We Plunge Yesterday

Yesterday, the market experienced a significant decline, with BTC once again falling below 100,000, and various altcoins also plummeting in response, causing market sentiment to become extremely gloomy. Many investors were caught off guard by this sudden turn of events.

The core reason for this drop was that Nasdaq futures suddenly crashed by 2.5%, triggering a chain reaction, and the catalyst behind this was surprisingly a Chinese AI company.

This company released the Deepseek R1 model, whose performance is comparable to OpenAI's O1, but with much lower training costs and a choice to open-source. This move completely changed the landscape of the large model market, leading to a sharp decline in chip demand, a significant drop in Nvidia's stock price, and subsequent turbulence in the US stock market, which ultimately transmitted to the cryptocurrency market, causing yesterday's crash.

This series of events once again illustrates that the volatility in the cryptocurrency market is often closely related to the global capital markets, and sudden changes in external factors can lead to unexpected market impacts.

Stop checking your portfolio—it’s useless and only adds to your frustration. Losing money will already affect your mood negatively, and staring at it won’t change anything. We can’t control the market. Financial markets are cyclical, with ups and downs. Markets rise in despair and fall in euphoria. There’s no such thing as endless drops. This is just one phase, and once it ends, the next will come. When you feel like giving up, that’s often when the opportunity starts to appear.

Market Analysis & Suggestions:

1. BTC: Still in an upward channel, but a pullback to the 98,000-95,000 range is normal. Watch the 98,000 support level closely; if it breaks, the next levels to monitor are 93,000/92,000.

2. SOL: Key support at 220; if it breaks, look to 200 as the next level.

3. Overall Market: The bull market isn’t over, but every upward move this year requires longer periods of consolidation compared to previous cycles. Be prepared for more volatility and extended sideways movement.

Strategy Advice:

• Avoid high-risk altcoins and focus on valuable, fundamentally strong tokens, especially those with U.S. political backing (refer to the mentioned tokens earlier).

• Use a dollar-cost averaging (DCA) strategy: buy more during big dips and less during minor pullbacks. Patience is key—when the market ignites, it can take just a week for a significant rally.

$JUP Some people (me) are very strange; I'm not here to make money in the crypto world, but to break even.

Market view late at night on January 27

1. BTC (Bitcoin): Expected fluctuation range is 101,000-96,000, and it may rebound after the decline.

2. ETH (Ethereum): Expected fluctuation range is 3,150-2,920, and it may also rebound after the decline.

Reasons for the decline in the market during the day
China's artificial intelligence large model Deepseek was popular in the European and American markets over the weekend. Its training cost was only 2% of OpenAI, but the effect was comparable. This directly impacted US AI concept stocks, causing Nvidia's stock price to plummet by 5%, and the Nasdaq index futures fell, dragging down market sentiment, and indirectly affecting the sharp drop in Bitcoin and Ethereum.

Late night market expectations
Nasdaq may open low and go high in the evening. After the mood eases, BTC and ETH are expected to rebound in the short term. However, if the Nasdaq rises and falls, it may fall again in the second half of the night. BTC and ETH will be affected by pessimism and may hit a new low.

Strategic recommendations

Short-term strategy: Mainly short selling, pay attention to market downside opportunities.

Medium-term strategy: If BTC and ETH fall to the lower edge of the range, you can establish low-level long positions in batches and wait for subsequent rebounds.

The narrative of U.S.-based cryptocurrencies is becoming clearer, and the following tokens are worth close attention:

1. $XRP: The leading U.S. blockchain token, first to file for a spot ETF, gaining institutional interest.

2. $SOL: A core U.S. token included in ETFs, known for its strong ecosystem and performance.

3. $LINK: The top U.S.-native oracle project with wide adoption and high reliability.

4. $HBAR $XLM $ALGO: Known as “little brothers” of U.S. tokens, with solid technology and growing ecosystems.

5. $ADA: Founded by a U.S. leader, with its core technical team based in the U.S., showing strong potential.

6. $SUI: An emerging U.S.-based blockchain attracting significant developer and investor support.

These tokens, deeply connected to the U.S. market, are poised to benefit from increasing regulatory clarity and institutional adoption, making them highly noteworthy.

This market crash turned into a classic chain reaction:

1. Deepseek blew up, skyrocketing its token price and sparking market hype.

2. Deepseek was too dominant, overshadowing Nvidia and causing its stock to crash.

3. Nvidia’s collapse dragged down the entire U.S. stock market, triggering massive sell-offs.

4. The stock market dip pulled Bitcoin down with it, shaking the crypto market.

5. Finally, Bitcoin’s crash came full circle and took Deepseek’s token down as well.

In conclusion: Deepseek pumped itself too hard, only to crash everything—including itself.

The relationship between the current market premium and price correction, combined with the flow of funds between futures and spot, is interpreted as follows:

1. The premium is down but not as high as the spot market crash: it shows that the market selling pressure mainly comes from futures long positions, rather than large-scale spot selling.

2. Futures short positions are opened and long positions are closed at the same time: it shows that the bearish sentiment in the futures market is heating up, but it has not led to strong selling pressure in the spot market.

3. The opening of the US stock market will become a key observation point: the movement of US dollar funds has a significant impact on the short-term market trend.

If the premium drops sharply, it may indicate that funds are leaving the market and market sentiment is pessimistic; if the premium rises, it may trigger forced short covering and drive price rebound.

Here are the main news in the cryptocurrency space recently:

1. Entendre Finance Completes $4 Million Seed Round: Entendre Finance, a New York-based provider of Web3 automated end-to-end accounting and bookkeeping solutions, announced the completion of a $4 million seed round led by Basis Set, with participation from Valhalla, Caffeinated, Moonpay, Alumni, MDig and Alpine. 

2. Trump Establishes Cryptocurrency Working Group to Explore the Creation of a National Digital Asset Reserve: US President Donald Trump signed an executive order to establish a cryptocurrency working group to propose new digital asset regulations and explore the possibility of establishing a national cryptocurrency reserve. 

3. Analysis: Big funds continue to accumulate Bitcoin, and the market is experiencing a differentiation of funds: Recent market data shows that big funds are continuing to buy Bitcoin, resulting in a differentiation of market funds.

4. The probability of the Fed keeping interest rates unchanged this week is 99.5%: According to market expectations, the probability of the Fed keeping interest rates unchanged at this week's meeting is as high as 99.5%.

Please note that there is currently a lack of reliable public information regarding the evaluation of DeepSeek by the founder of "Black Myth Wukong" and the news that DeepSeek ranks first in Apple's US App Store, and no further confirmation can be provided.

Investors should continue to pay attention to market trends, make prudent decisions, and do a good job of risk management.

$BTC Recently, the cryptocurrency market has experienced significant fluctuations. Bitcoin (BTC) fell short-term, hitting $102,332 at one point. However, as of now, BTC price has recovered to $102,378. The market as a whole showed a general downward trend, but the top 50 cryptocurrencies all turned positive. It is worth noting that VINE’s market turnover ranks third, second only to a certain platform currency and BTC. In addition, DOGS performed strongly and prices increased significantly.

Last Friday, U.S. stocks were dragged down by technology stocks and their gains paused. At the same time, Chinese concept stocks and the yuan performed strongly, both rising. The U.S. dollar showed a downward trend throughout the week. This week, the seven U.S. technology giants will release financial reports one after another. Investors should pay close attention to the performance of these companies to assess their potential impact on the market.

According to the liquidation data of BTC/USDT, based on the current price of 102,853 USDT, if the price drops 1,000 points to around 101,853 USDT, the accumulated long order liquidation amount will exceed 180 million US dollars. On the contrary, if the price rises 1,000 points to around 103,853 USDT, the cumulative short order liquidation amount will be approximately US$63 million. The liquidation amount of long parties far exceeds that of short parties. It is recommended that investors reasonably control the leverage ratio to avoid triggering large-scale liquidation during market fluctuations.

Investors should remain cautious, pay close attention to market dynamics, and manage risks reasonably.

#币圈的2025挑战赛我的Hold之旅

There has been significant volatility in the crypto market, and here are the main hot spots:

1. Jupiter protocol repurchase and ecological layout: Solana ecological decentralized exchange (DEX) Jupiter announced that it will use 50% of the protocol fees to repurchase JUP tokens and has destroyed 3 billion tokens. In addition, Jupiter is expanding its ecological layout, involving data platforms SolanaFM and Coinhall, on-chain tracker Sonarwatch, mobile wallet Ultimate Wallet, and Meme trading platform Moonshot, and simultaneously launching the full-chain network Jupnet, aiming to form "income-repurchase- Ecological expansion” growth flywheel.

2. Market sector differentiation: In the generally declining market, sectors with large recent gains such as DeFAI and AI Agents have experienced the largest corrections. Among them, the DeFAI sector fell 28.73% within 24 hours, the AI ​​Agents sector fell 16.91%, and the Meme sector fell 8.27%. Relatively speaking, American concept currencies such as LINK, RSR, and AAVE have shown strong resilience.

3. MicroStrategy may increase its holdings of Bitcoin: MicroStrategy founder Michael Saylor released SaylorTracker information for the twelfth consecutive week. Historical data shows that MicroStrategy typically increases its holdings on Bitcoin the day after Saylor releases relevant information, which may indicate that the company will increase its holdings of BTC again.

Investors should pay close attention to market dynamics, make prudent decisions, and manage risks well.

#加密市场回调 Recently, the cryptocurrency market has experienced a correction across the board, with many sectors showing a downward trend. According to SoSoValue data, the DeFAI sector fell 28.73% within 24 hours, the AI ​​Agents sector fell 16.91%, the Meme sector fell 8.27%, the Layer1 sector fell 5.79%, the PayFi sector fell 4.80%, the CeFi sector fell 4.34%, and the DeFi sector fell 5.10%. In addition, the price of Bitcoin also fell significantly, falling below US$98,000 during the session, causing nearly 310,000 investors to liquidate their positions, with the total liquidation amount reaching US$861 million. Market analysis believes that investor profit-taking and macroeconomic factors may be the main reasons for this correction.

$XAI falls back to the starting point... cryptocurrency scam

1. Jupiter: 50% of the protocol fees will be used to repurchase JUP;

2. THORChain announces the launch of a 90-day network restructuring plan;

3. Grok now supports real-time price display for stocks and cryptocurrencies;

4. Pump.fun recently set a record for daily fee revenue of $15.38 million;

5. BlackRock CEO: There is a possibility of interest rate hikes in the coming year, but this is not a core prediction;

6. Pudgy Penguins CEO: The Abstract mainnet will officially launch next Monday.

$JUP Does anyone know how this 50% destruction is carried out?
Why did it rise a bit and then stop rising?

#2024最疯狂的币种它是怎么让你赚疯的 In 2024, the cryptocurrency market experienced significant volatility. In addition to the outstanding performance of BNB, BTC, ADA, and XRP, many other crypto assets have not performed as well as expected. For example, MATIC is down 45.1% in 2024, LDO is down 38.8%, and ARB is down 38.5%. In addition, AEVO has fallen 90% from its historical high. However, there are some cryptocurrencies that will stand out in 2024. For example, Pepe (PEPE) hit an all-time high in December 2024, with its market value growing from $590.8 million at the beginning of the year to $9.4 billion, an increase of 1,492%. Overall, the cryptocurrency market showed a polarizing trend in 2024, with some assets performing strongly while others experienced significant declines.

$SOL Solana (SOL) has recently focused on expanding its ecosystem, covering infrastructure, finance, artificial intelligence and other fields, and has more than 250 active projects. In terms of price, forecasts suggest that SOL could reach about $242 in 2026 and about $1,315 by 2030. Currently, the price of SOL is approximately $251.28.

SOL prices are expected to rise significantly from 2026 to 2030 due to:
1. Ecosystem expansion: Solana continues to attract developers and projects, and the diversity and scale of the ecosystem continues to grow, which helps increase the demand and value of SOL.
2. Technological innovation: Solana’s high-performance blockchain technology and continuous technical improvements give it a competitive advantage in the fields of decentralized applications (DApp) and decentralized finance (DeFi), further driving price increases.
3. Market adoption: As more enterprises and users adopt the Solana blockchain, the practical application scenarios of its tokens increase, thereby increasing market demand for SOL.
4. Investor confidence: As the cryptocurrency market matures, investors have more confidence in projects with strong technical foundations and broad application prospects, which may prompt more funds to flow into SOL.

It should be noted that these forecasts are based on current information and market trends, and actual price trends may be affected by market fluctuations, policy changes and other factors.

Just read the 2025 plan that Vitalik released a few days ago, it seems to confirm the abandonment (or temporary suspension) of Ethereum's Layer1 sharding; the focus is expected to be on expanding blobs and data compression to enhance the overall performance of Layer2.

It doesn't seem particularly special, as Layer2 networks including Sony and Kraken have successfully launched in the past two months and continue to see liquidity injections, indicating that Ethereum will still focus on OP Superchains as the main development this year.

Personally, I hope that SuperchainsERC20 (ERC-7802) can also be launched this year, further addressing the liquidity fragmentation issue that has been criticized in the Layer2 ecosystem.

In the process of trading memecoins on-chain, the community has gradually formed a unique terminology system. Here are explanations of some common terms:

Asset Scale Classification:
• P Minor: Traders holding assets below $1M.
• P Lieutenant: Traders holding assets between $1M and $5M.
• P General: Traders holding assets between $5M and $10M.
• P Marshal: Traders holding assets above $10M.

Trading Behavior Terms:
• Head: Refers to an address that is monitored by many people, whose buying or selling has a significant impact on the market.
• Dumping: Selling tokens to others, commonly known as 'dumping'.
• Bagging: Describing a certain event.
• CA: The contract address that issues the token.
• Dead Sitting: The act of staring at on-chain information for a long time, searching for trading opportunities.

Trader Classification:
• On-chain King: Players who operate sharply on-chain, with very high win rates and returns.
• Idiot King: Players with extremely low win rates and significant losses.

Market Phenomena and Strategies:
• Cap: A joke about the situation where prices immediately drop after buying.
• PVP: The trading behavior of buying when the market cap is extremely low and quickly selling for profit, also implying that someone will incur losses as a result.
• Trench: Describing the trading of memecoins on-chain, which is highly risky, akin to fighting in a trench.
• Chain Sweeping: Continuously checking newly issued assets to find buying opportunities.
• Finding Angles: The important aspect of memecoins is emotion and storytelling, the process of discovering this virtual value is called 'finding angles'.

Understanding these terms helps newcomers better integrate into the memecoin trading community and understand market dynamics.

The key to Elon Musk's success in founding many technology companies lies in his use of "first principles" thinking. This way of thinking emphasizes starting from the basic nature of things and avoiding being limited by traditional concepts or existing experiences. 

The following is the interpretation of "first principles" in each of the listed fields:

Family: The economic foundation is the core of family operation, and relationships can be better maintained on a stable economic foundation.

Workplace: An individual's value in the workplace is reflected in his or her contribution to the organization, and efforts should be oriented toward creating actual value.

Education: The core goal of education is to cultivate students' abilities rather than just pursuing high scores.

Health: The key to maintaining health lies in a disciplined lifestyle rather than relying on medical treatments.

Entrepreneurship: Successful entrepreneurship should focus on meeting market needs, not just on personal interests.

Investment: Priority should be given to risk control when investing, rather than just pursuing high returns.

Elderly care: Elderly care requires planning in advance rather than relying entirely on children.

Growth: The key to personal growth is continuous reflection rather than just accumulation of experiences.

Using first principles thinking can help us see the essence of things clearly in various fields and make more informed decisions.