Bitcoin's (BTC) price crash has shifted the market vibe, with bets on it sliding further now just as hot as moonshot plays over $100,000. The leading cryptocurrency by market value has dropped nearly 10% this week, reaching nine-month lows below $78,000, according to CoinDesk data. The price swoon has traders scrambling for put options, those derivative contracts that shield against a potential decline in bitcoin, just like medical insurance covers someone if they get sick. The result: the dollar value ...

Core Viewpoint - Coinbase Global's CEO Brian Armstrong expressed that the company "unfortunately can't support" the latest draft of the U.S. Senate's crypto market structure bill [4] Group 1 - The updated draft of the crypto market structure bill was released by Senate Banking Committee Chairman Tim Scott earlier in the week [4]

Core Insights - Bitcoin's price surge to $95,000 has led to significant inflows into U.S. spot Bitcoin ETFs, totaling $753.7 million on January 13, marking the strongest single day of inflows in three months [1][2] Group 1: Market Dynamics - The recent rally in Bitcoin, reaching a two-month high, is attributed to renewed institutional demand and a breakout above $91,000 after a period of consolidation [3] - Total net assets across all U.S. spot Bitcoin ETFs have increased to approximately $123 billion, representing about 6.5% of Bitcoin's total market cap of $1.89 trillion [4] Group 2: Institutional Behavior - Institutional rebalancing, improved macro sentiment, and the recognition of ETFs as providing regulated demand are driving factors behind the recent inflows [2] - Fidelity's FBTC led the inflows with a net flow of $351.36 million, followed by Bitwise's BITB and BlackRock's IBIT with net flows of $159.42 million and $126.27 million, respectively [3] Group 3: Future Outlook - The sustainability of the current momentum into Q1 is uncertain, with analysts suggesting that institutional demand may be more selective and cautious due to volatile ETF flows and high opportunity costs associated with non-yielding assets like Bitcoin [5] - The broader crypto market capitalization has increased by 3.3% to $3.32 trillion, influenced by the momentum from Bitcoin [5] Group 4: Regulatory Developments - Altcoins such as XRP, Solana, and Dogecoin have seen price increases of 2% to 6%, driven by optimism surrounding a new draft crypto market structure bill that could provide clearer regulatory status [6] - Analysts view the proposed legislation as a potential paradigm shift, which could lead to increased institutional inflows into altcoins and prompt other tokens to pursue ETF strategies [7]

Regulatory & Policy - Crypto market structure bill stalled due to Senate Democrat demands amidst looming government shutdown [1] - CFTC appointed the CEOs of Gemini, Polymarket, and Bullish to its Innovation Council [1] Market Innovation & Development - Bhutan debuted TER, a Solana-based token backed by physical gold [1] Media & Events - CoinDesk Daily hosted by @JennSanasie [1]

Regulatory Landscape - U S Senate Banking Committee 主席预计下个月将对加密市场结构法案进行投票 [1] - U S senators 敦促 IRS 重新审议加密货币 staking 奖励的税收政策 [1] Market Developments - New Hampshire 州发行了首个 Bitcoin 支持的市政债券，总价值为 1 亿美元 [1]

Core Insights - A Bitcoin user mistakenly paid $105,197 to transfer only $10 worth of Bitcoin, raising concerns within the digital asset community [2][3] - The transaction was processed by MARA Pool and highlighted the potential pitfalls of manual fee adjustments by users [4] Transaction Details - The transaction involved a transfer of 0.00010036 BTC to a deposit wallet on Kraken, with the average cost of a BTC transfer at the time being only $0.91, making this transaction an anomaly [2][3] - Experts indicate that such costly errors often occur when users manually adjust wallet settings instead of using automatic fee estimators [4] Market Context - This incident follows a significant $1 billion Bitcoin transfer from Coinbase in July, which fueled speculation about institutional accumulation in the market [5] - In a contrasting event, a nearly $200 million Bitcoin transaction was completed with a minimal fee of $1.89, showcasing the efficiency of blockchain technology [6] Current Market Conditions - Bitcoin is currently trading around $105,000, influenced by the U.S. Senate's draft of a crypto market structure bill that allows ETFs to stake digital assets [6] - A market analyst suggested that Bitcoin may have established a bottom at $98,000, supported by various technical indicators, despite a recent 2% decline in Bitcoin and Ethereum prices [7]

💥 JUST IN:🇺🇸 Crypto Czar David Sacks to meet with Senate Banking Committee members tomorrow to stress the importance of advancing the Bitcoin and crypto market structure billh/t @EleanorTerrett https://t.co/GPW9JPCMXp ...

🗞️ Need to catch up on the news? Here's our top 10 from today:🔸 Senator Cynthia Lummis says, “We will have the crypto market structure bill to the president’s desk before the end of the year.”🔹 The Winklevoss twins donated 188 $BTC worth $21M to pro-Trump PAC ahead of US midterms to support President Trump's crypto agenda.🔸 Assets worth $57.6 million in USDC tied to the Libra meme coin scandal have been unfrozen by a Manhattan federal judge.🔹 The Fed minutes reveal the majority of FOMC officials saw inflati ...