1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: -2.46%
SOL: +2.63%
TRUMP: -15.35%
ETH: -2.37%
XRP: -0.35%
DOGE: -1.92%
VTHO: +15.05%
WLD: +8.00%
TRX: +3.30%
PEPE: -5.10%
24-hour price increase list (data source: OKX)
J: +157.05%
LBR: +48.07%
MXC: +24.47%
CTXC: +19.45%
AIXBT: +14.58%
NC: +12.25%
WLD: +9.80%
SAMO: +9.62%
ACT: +9.40%
CLV: +8.46%
2. Top 5 popular memes on the chain (data source: GMGN ):
STONKS
Mohammad
SOLY
SAKIYA
MAFIA
3. 24-hour hot search currencies
SOLY: A personalized DeFAI Agent platform built by members of the Madlads community. It launched airdrops for the Madlads community, SEND community, and LLM community, which once triggered FOMO on the chain. The current market value is around US$7 million.
Headlines
Although a pardon can cancel property forfeiture, most of the bitcoin held by now-released Silk Road founder Ross Ulbricht has already been sold and the proceeds spent, according to Renato Mariotti, a former U.S. federal prosecutor now in the white collar defense department at the Paul Hastings law firm.
After a jury convicted Ulbricht of drug trafficking and money laundering, the judge also ordered him to forfeit nearly $184 million. To satisfy the verdict, the U.S. Marshals Service arranged a series of auctions to sell more than 144,000 bitcoins owned by Ulbricht.
In a stroke of bad timing, the marshals sold the bitcoins in early 2014, just as the price of bitcoin had fallen from over $1,000 to a low of nearly $300. Today, those 144,000 bitcoins would be worth about $14 billion, but the sale price was just over $48 million, or about $334 per coin, less than 0.5% of their current value.
Lido founder clarifies: There is actually no second Ethereum Foundation being created
Konstantin Lomashuk, founder of Lido and P2P.org, said that a second Ethereum Foundation was not actually created and the previous tweet was just a tweet. He posted: This tweet is just a tweet - a second foundation is not actually created. Ethereum is the ultimate world computer, and every Ethereum user can help it grow, develop and succeed. If a second foundation is really formed, it must have a clear purpose to complement the tremendous work done by current contributors. I appreciate everyones support and believe we need more organizations to contribute to Ethereum. I will share my thoughts further after speaking with those who contacted me.
Analysis: Most TRUMP holders are either breaking even or within $1,000 of a profit or loss
According to the latest PnL data, most TRUMP token holders are either breaking even or making a profit/loss of less than $1,000.
Since TRUMP’s launch, Circle has issued an additional 3.5 billion USDC, primarily on Solana, pushing USDC’s market cap above $51 billion for the first time since 2022.
Ethereum ranks first with gas fee revenue of $2.48 billion in 2024, and Tron ranks second
Data released by CoinGecko shows that in 2024, Ethereum topped the blockchain rankings with $2.48 billion in gas fee revenue, followed by Tron with $2.15 billion, and Bitcoin ranked third with $922.89 million. The report pointed out that in 2024, L1 and L2 blockchains received a total of more than $6.89 billion in transaction fees, of which L1 chain revenue was $6.6 billion and L2 chain revenue was $294.92 million.
Industry News
Solana DEX transaction volume exceeded Ethereum by 268% in January
According to data compiled by The Block, the craze caused by Original Trump (TRUMP) has boosted the use of Solana decentralized exchanges (DEX). In January, Solana DEXs trading volume reached an unprecedented 268% compared with Ethereum, compared with only 53% in the same period last year. Solana processed $122 billion in trading volume, while Ethereum was $45 billion. Among them, Raydium led the Solana ecosystem with a weekly trading volume of $32 billion, followed by Orca with a trading volume of $17 billion. In contrast, Uniswap on Ethereum processed $20 billion in trading volume during the same period. The Block analysts said that Solanas growth momentum was driven by the Solana networks improved transaction processing efficiency, reduced network downtime, a DEX interface that focuses more on user experience, the integration of the Jupiter aggregator, and growing institutional infrastructure support.
RWA protocol TVL has reached $7.3 billion, up more than 200% year-on-year, with Usual Protocol and Hashnote USYC leading with approximately $1.48 billion TVL respectively. Hashnote is a regulated digital asset management platform that provides innovative investment strategies, while Usual Protocol is a decentralized stablecoin issuer that tokenizes RWA and redistributes value to users through governance tokens.
The composition of RWA TVL has shifted significantly toward government securities, which now account for about two-thirds of the total RWA TVL, up from 36% a year ago. Analysts believe that this shift indicates investors’ growing confidence in compliant, government-backed digital assets and indicates that the market is maturing as protocols focus on traditional financial instruments.
Bitwise applies to Delaware for registration of Dogecoin ETF
According to the official website of the Delaware Department of State, Bitwise has submitted documents to Delaware to apply for registration of the Bitwise Dogecoin ETF. The creation date is January 22, 2025, and the registered agent is CSC DELAWARE TRUST COMPANY.
James Seyffart, Bloomberg ETF analyst, said: Please note that this is just a trust registration and is still not a formal ETF filing with the SEC. At least not yet.
CoinShares applied to Delaware last month to register the DOGE ETF
According to the official website of the Delaware Department of State, CoinShares submitted documents to Delaware last month to apply for registration of the CoinShares DOGE ETF. The creation date is December 10, 2024, and the registered agent is CSC DELAWARE TRUST COMPANY.
Circle has minted $4.2 billion in USDC on the Solana chain in the past 22 days
According to SolanaFloor, Circle has minted an additional $250 million in USDC on the Solana chain. In the past 22 days, Circle has minted a total of $4.2 billion in USDC.
Project News
Solana’s LST market capitalization hits $10.24 billion, a record high
According to data disclosed by SolanaFloor, the market value of Solanas on-chain Liquidity Staking Token (LST) reached $10.24 billion, a record high. The top LSTs in terms of market share include:
• $jitoSOL: $3.73 billion;
• $bnSOL: $1.87 billion;
• $mSOL: $1.36 billion.
Sol Strategies Announces Proposed $2.5 Million Private Funding Round
According to official news, Sol Strategies announced that it plans to conduct a private placement round of financing of 2.5 million Canadian dollars. It is reported that this is the companys second private placement round of financing, bringing its total fundraising to 30 million Canadian dollars, aiming to further increase its SOL inventory holdings.
Story-based IP RWA agreement Aria Premiere Launch reaches $7 million purchase cap in 9 minutes
Aria, the IP RWA protocol based on Story, launched its Premiere Launch on StakeStone LiquidityPad at 22:00 Beijing time on the 22nd, reaching the purchase limit of $7 million within 9 minutes of its launch. Aria is an IP RWA protocol based on the Story blockchain, which unlocks a new asset class by bringing iconic real-world IP assets onto the chain. The first IP RWA asset launched by Aria is the single Peaches by global pop singer Justin Bieber. By depositing USDC/USDT, users can obtain partial management rights and copyright rights of the single, and will also receive StakeStone, Story and Aria tokens/points rewards.
Investment and Financing
Crypto wallet Keplr completes $5 million seed round of financing, led by 1coinfirmation
Crypto wallet Keplr announced the completion of a $5 million seed round of financing, led by 1confirmation, with participation from Coinbase Ventures, HashKey Capital, Chorus One Ventures, Skip Protocol, Binary Builders and others. The valuation of this round of financing is $50 million. It is reported that Keplr currently has no plans to launch tokens.
Vivident Completes $1.5 Million Seed Round, Crypto Venture Capital Hashed and Others Participate
Vivident, a startup developing artificial intelligence IP technology, announced the completion of a $1.5 million seed round of financing, with participation from Hashed, Mashup Ventures, TheVentures, Modhaus (South Korea), Sfermion (USA), CVC Z Venture Capital, Decima Fund and Titan Fund under Hong Kong CMCC Global. The team has a good track record in building consumer products across Web2 and blockchain technologies. The new funds will be used to support its use of generative AI technology to create anime-style character IP and community interaction platforms, and plans to launch a beta service in the first half of 2025.
Wingbits, a DePIN startup focused on the aviation industry, announced the completion of a $5.6 million financing round led by Borderless Capital and Bullish Capital. This round of investment brings Wingbits total financing to $9.2 million.
Wingbits aims to provide reward-based flight tracking using encryption-protected Automatic Dependent Surveillance-Broadcast (ADS-B) receivers.
Regulatory developments
Eric Balchunas and James Seyffart, senior ETF analysts at Bloomberg, confirmed that CME is very likely to launch XRP and SOL futures contracts, but only released the trial version of the futures on the Beta website, and it has not yet appeared on the official website. They believe that this event will soon be officially confirmed by CME, but at the same time they are also puzzled as to why the Beta version can be noticed by the public. Earlier market news said that CME futures for XRP and SOL will be launched on February 10 after passing the review.
Harry Jung to lead CFTC’s crypto, DeFi and other digital asset work
In addition to serving as chief counsel to Acting Chairman Caroline Pham, Harry Jung will lead the CFTC’s work on cryptocurrencies, DeFi, and other digital assets, the U.S. CFTC announced in a press release on Jan. 22.
Harry joined the CFTC in 2023 as Counsel and Senior Policy Advisor to then-Commissioner Pham. Prior to joining the CFTC, Harry served in the Office of the CEO and the Office of the Chief Administrative Officer (CAO) at Citigroup. He also served as Head of Capital Markets Regulatory Strategy and Policy, briefing senior management on key developments and implications. Harry also coordinated firm-wide working groups on emerging issues and global policy forums, and led regulatory engagement with U.S. prudential and capital markets regulators on digital assets. Prior to that, he led various initiatives across businesses and functions, including compliance regulatory liaison and exam administration. Jung has also worked at Morgan Stanley and the Financial Industry Regulatory Authority (FINRA).
Character Voice
Cathie Wood, CEO and chief investment officer of ARK Invest, said in an interview with Bloomberg: Its not clear whether President Trumps memecoin (TRUMP) has much utility, but Trump is pioneering the next stage of the crypto revolution. Cathie Wood also mentioned that she would not buy TRUMP because she only holds the Big Three (BTC, ETH, SOL), but she also does not think that memes are terrible things and they may have practicality at some point.
BlackRock CEO Fink: BTC could even reach $700,000
In an interview, BlackRock CEO Larry Fink emphasized that Bitcoin is a way to hedge against currency depreciation and instability, and predicted that Bitcoin could reach $500,000, $600,000, or even $700,000.
VanEck executive: The Ethereum Foundation is not the only one that can write the future of Ethereum
Matthew Sigel, head of digital asset research at VanEck, retweeted the “Second Foundation” tweet on the X platform, and wrote that the Ethereum Foundation is not the only entity that can write the future of Ethereum.
