Market Overview - Lean hog futures closed lower on Friday, with nearby contracts down by 10 to 25 cents, while February futures increased by 7 cents and April futures rose by 97 cents [1] - Preliminary open interest increased by 4,079 contracts on Friday [1] Pricing and Sales Data - USDA's national base hog price was reported at $83.56, up 47 cents from the previous day [1] - The CME Lean Hog Index rose by 67 cents to $83.07 on January 21 [1] - Export Sales data indicated 33,249 MT of pork sold for the week ending January 15, with shipments at 39,223 MT [2] Inventory and Slaughter Statistics - Monthly Cold Storage data showed pork stocks at 390.55 million lbs as of December 31, a decrease of 1.5% from the previous year, marking the lowest December level since 1997 [3] - USDA estimated federally inspected hog slaughter for the previous week at 2.484 million head, which is 139,000 head lower than the previous week but 10,192 head higher than the same week last year [4] Futures Market Activity - Commitment of Traders data revealed that managed money increased their net long position in lean hog futures and options by 14,794 contracts as of January 20, reaching a total net long of 97,418 contracts, the largest since October [3]

Performance Improvement - The industry has seen developers improve the schema for `getTransactionsForAddress`' cold storage [1] - The industry has observed a reduction in p99 latency from 200ms to 15ms, a 92.5% decrease [1] - Client proximity (network) is now the bottleneck for transaction processing [1] Future Optimization - The industry is planning to stop serving JSON to further improve speed [1]

Crypto Market Analysis - Zelle, processing $1 trillion in transactions, is considering crypto expansion [1] - The report questions which blockchain Zelle might choose for its crypto integration [1] Investment & Trading Strategies - The report highlights "5% DEGEN PLAYS" as a strategy [1] - It mentions various crypto exit strategies, including old and new approaches for 2024/2025 [1] - Dynamic DCA'ing (Dollar-Cost Averaging) is presented as a strategy [1] Security & Storage - The report emphasizes the importance of diversifying crypto storage [1] - Tangem cold storage wallet is recommended for its security and ease of use, offering a 10% discount via an affiliate link [1] - StoneBook is recommended for safe storage of seeds and passwords, offering a 20% discount [1] Tax & Legal Considerations - The report mentions a new crypto tax rule in 2025 [1] - CoinLedger crypto tax software is recommended with a 20% discount [1] Charity & Giving Back - Amigos De Los Animales charity is highlighted, with addresses provided for multiple blockchains [1] - ProTechos charity is mentioned, focusing on rebuilding roofs and training in carpentry [1] Educational Resources - The report provides links to various videos covering crypto essentials, including scam avoidance and storage diversification [1] - DAN Website is mentioned as a resource for simplified crypto education [1]

Market Trend & Potential Risk - The lower the dollar goes, the more likely Trump is to offer $0 for bitcoin held by custodians [1] - It is more expensive for Trump to make offers to individuals and foreigners [1] Investment Suggestion - It's best to keep bitcoin in cold storage and not be American [1]

Bitcoin Custody & Security - BitGo secures billions in Bitcoin, highlighting the importance of institutional-grade custody solutions [1] - Multi-signature (Multisig) and cold storage are critical for securing Bitcoin assets [1] - Proof of reserves is essential for shaping Bitcoin's future and increasing transparency [1] - Industry failures highlight the need for robust controls and security measures in Bitcoin custody [1] - Insurance, risk management, and wallet segmentation are important aspects of Bitcoin custody [1] BitGo's Business & Strategy - BitGo's development driven by early discovery of Multisig [1] - Custody extends beyond storage to include staking and settlement services [1] - Fiat custody and banking integration are key components of BitGo's offerings [1] - BitGo operates a global network as a qualified custodian, offering multi-jurisdictional benefits [1] Market Outlook & Challenges - Lending crises provide lessons for the digital asset market [1] - Nation-state custody presents unique challenges [1]