Core Viewpoint - Lawmakers in the U.S. are reviving efforts to pass a market structure bill that will significantly impact the future of the crypto industry, with hearings scheduled to discuss revisions to the bill [1][2]. Group 1: Bill Objectives - The Clarity Act aims to establish legislative guardrails for the multitrillion-dollar crypto market, potentially accelerating the adoption of blockchain technology and cryptocurrencies in the U.S. [3]. - The bill seeks to clarify the roles of the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) in regulating cryptocurrencies, as well as to create well-defined token classifications and outline registration and compliance standards for crypto brokerages and exchanges [4]. Group 2: Economic Implications - The proposed guardrails could attract more digital asset companies to operate in the U.S., stimulating the economy and enhancing the crypto market, according to industry leaders [5]. - The bill's final language will determine its implications for digital asset companies, crypto holders, and investors [5]. Group 3: Key Issues Under Discussion - Lawmakers are focusing on three main issues: stablecoin-linked rewards, the treatment of decentralized finance (DeFi) platforms and their developers, and preventing elected officials from profiting off crypto ventures [6]. - The stablecoin issue is considered the most significant outstanding issue, with both parties recognizing the need to address stablecoin rewards and yields in the bill [7]. Group 4: DeFi Considerations - Advocates for DeFi are pushing to ensure that developers are not held liable for illicit activities associated with their technology and want to include provisions for self-custody of crypto [9]. - There is a call for exemptions for software developers and blockchain service providers who do not control customer funds from being classified as money-transmitting businesses [9]. Group 5: Legislative Process and Timeline - The Senate Agriculture and Banking Committees are expected to release new drafts of the market structure bill, with discussions and revisions planned [10]. - The goal is to finalize the draft and move it to the Senate floor for further discussion, with proponents aiming for passage before the 2026 midterm elections to maintain momentum [11][12].

加密支付应用 Brighty 联合创始人 Nikolay Denisenko 表示，过去一年已有数百名高净值投资者使用加密 货币在欧洲购房。该平台已撮合100 余笔交易，主要集中在英国、法国、马耳他、塞浦路斯和安道尔， 单笔金额约 50 万–250 万美元。此前高净值客户多使用 Circle 发行的 USDC，目前为避免兑换成本，越 来越多客户转向锚定欧元的稳定币（如 EURC）。（CoinDesk） （来源：吴说） ...

（来源：吴说） 据 CNBC，根据美国联邦调查局（FBI）数据，仅 2025 年上半年，美国因加密 ATM 诈骗造成的损失就 达 2.4 亿美元，几乎是 2024 年同期的两倍。华盛顿州斯波坎市全面禁止加密 ATM，成为美国最大城市 级禁令案例。美国多州正收紧监管或讨论限制措施，包括亚利桑那、阿肯色、佛蒙特、明尼苏达州圣保 罗市也在考虑效仿斯波坎的全面禁令。目前，美国占据了全球约 80% 加密 ATM。 ...

Core Insights - Diversifying a tech-heavy portfolio with cryptocurrency requires caution due to the historical positive correlation between cryptocurrencies and the tech market [1] Group 1: Bitcoin - Bitcoin is favored by hedge fund managers and institutional investors, often trading independently of tech stocks, earning it the title "digital gold" [3][4] - A study from WisdomTree indicates that Bitcoin's correlation with the stock market has remained between 0.2 and -0.1 from 2012 to 2023, highlighting its unique value as it can move independently of other assets [4] Group 2: Gold Stablecoins - Gold stablecoins, such as Pax Gold and Tether Gold, are pegged to the price of gold and have market caps exceeding $1.6 billion, making them a strong hedge against stock market declines [5][6] - In 2025, gold prices increased by nearly 70%, and gold stablecoins followed this trend, becoming top-performing cryptocurrencies [6] Group 3: Small Niche Altcoins - Small niche altcoins, particularly privacy coins, may experience significant value increases independent of tech stock performance, driven by tech upgrades and new product features [9]

Cryptocurrency Market Insights - Cryptocurrency has evolved from a speculative asset to an institutionally recognized market, with Bitcoin and Ethereum ETFs gaining approval, potentially leading to increased institutional investment and reduced volatility [2][6] - In 2025, over 22 million tokens were added to the crypto market, with Bitcoin starting the year at $98,314.95, reaching an all-time high of $124,752.13, and ending at $88,429.58 [4] - The approval of ETFs is expected to attract institutional interest, while regulatory supervision may help stabilize the market and reduce volatility [5][6] - Investors can choose between direct token ownership for higher potential returns or spot ETFs for federal oversight and reduced technical burdens [7] Stock Market Overview - The stock market experienced significant volatility in 2025, highlighted by a tech sell-off triggered by the release of a low-cost Chinese AI model, leading to a 3% drop in the Nasdaq and a 17% plunge in Nvidia shares, erasing nearly $600 billion in market value [8] - The S&P 500 gained approximately 16%-17% in 2025, driven by factors such as "AI euphoria," Federal Reserve policy changes, and reactions to geopolitical news [9] - The 2025 cycle set a high-stakes environment for 2026, characterized by aggressive AI scaling and lower interest rates, with the S&P 500 surpassing 6,900, indicating strong momentum despite potential volatility [10] - The market is expected to broaden beyond tech giants into traditional sectors as the Federal Reserve continues to lower borrowing costs, although high valuations and geopolitical tensions may lead to extreme volatility [10][11]

Coinbase Global Inc. (NASDAQ:COIN) is one of the oversold stocks to buy now. On January 6, Bernstein analyst Gautam Chhugani lowered the firm’s price target on Coinbase to $440 from $510, while keeping an Outperform rating on the shares. Bernstein anticipates a tokenization supercycle for 2026, characterized by the migration of the dollar, capital markets, and event-based assets onto the blockchain. The firm remains optimistic about Bitcoin, expressing confidence that the cryptocurrency and the broader dig ...

Core Viewpoint - The founder of Binance, Changpeng "CZ" Zhao, predicts an incoming super cycle for the cryptocurrency market, supported by bullish forecasts from VanEck regarding Bitcoin's potential price increase to $2.9 million by 2025 [1][6][7]. Group 1: Market Sentiment and Predictions - CZ's optimism is bolstered by the SEC's decision to remove crypto from its 2026 priority risk list, which is seen as a positive development for the market [2]. - Institutional demand for Bitcoin is on the rise, with significant purchases from U.S. banks, including Wells Fargo's acquisition of $383 million in Bitcoin ETF shares [2][3]. - VanEck's report outlines a base case for Bitcoin reaching $2.9 million by 2025, with a bear case of $130,000 and a bull case of $53.4 million under a "hyper-bitcoinization" scenario [6][8]. Group 2: Institutional Involvement - Morgan Stanley has filed for a Bitcoin ETF, indicating strong demand from its wealth clients, following the removal of restrictions on crypto investments [3][4]. - The potential for nation-state adoption of Bitcoin is highlighted, with speculation that the U.S. may begin purchasing Bitcoin for its strategic reserve [5]. Group 3: Market Dynamics - The bullish sentiment is further supported by the observation that major U.S. banks are accumulating Bitcoin, which is expected to positively influence market conditions [2][7]. - The scenario where Bitcoin achieves parity with gold as a primary global reserve asset could lead to significant price increases, although this remains uncertain as gold prices continue to rise while Bitcoin's growth has stalled [8].

Core Insights - Cathie Wood, CEO of ARK Invest, has been notably quiet in the crypto space since the start of 2026, with no significant headlines or increased positions in her favored crypto stocks like Coinbase and Robinhood [1] - Wood's investment strategy often involves purchasing during market dips, as seen in her 2025 activities where she bought shares of declining crypto stocks [2] - On December 16, 2025, Wood made significant purchases totaling approximately $59 million, including $16.3 million in Coinbase and $10.8 million in Circle Internet Group, among others [3] - Despite Bitcoin's stability, crypto stocks experienced a decline unrelated to Bitcoin's price movements [4] Bitcoin Predictions - Wood has maintained a bullish outlook on Bitcoin, predicting it could reach $150,000 by 2030, especially after it peaked at $126,000 in October 2025 [5] - Following a flash crash on October 10, 2025, ARK Invest revised its Bitcoin price target for 2030 from $1.5 billion to $1.2 billion, attributing the change to the rise of stablecoins and gold's price performance rather than the crash itself [6] 2026 Investment Activity - The beginning of 2026 has not seen Wood making flashy crypto purchases, although she has adjusted her stakes in various assets [7]

Core Insights - Ethereum's staking landscape has experienced a significant shift due to institutional investments, particularly from BitMine and new ETFs, leading to a bottleneck in the network [1][2] - The influx of institutional capital has resulted in a record-high entry queue of 1.7 million ETH, the highest since 2023, despite low staking yields [2][3] - The introduction of regulated US financial products, such as the Grayscale Ethereum Staking ETF and 21Shares' TETH ETF, has successfully passed protocol-level earnings to shareholders [3] Institutional Investment - BitMine has allocated over 1 million ETH (approximately $3.2 billion) into Ethereum's proof-of-stake system, representing about 25% of its total corporate treasury [2] - The arrival of regulated financial products has contributed to the institutional momentum in Ethereum staking, even as staking rewards have decreased [3] Staking Yields - The annual percentage rate (APR) for Ethereum staking reached an all-time low of 2.54% earlier this year but has slightly recovered to 2.85% [4] - Over the past year, the average APR for Ethereum staking was above 3.0%, indicating a willingness among investors to stake despite lower returns [5] Market Concentration - Staking control remains concentrated among a few entities, with Lido DAO holding 24% of all staked Ether, followed by Binance at 9.15% and Ether.fi at 6.3% [6] - Coinbase, the largest US-based crypto trading platform, controls 5.08% of the staked Ether [6] - Approximately 27% of the network's total stake is controlled by untagged entities, highlighting the presence of anonymous actors in the staking ecosystem [7]

Core Viewpoint - World Liberty Financial, backed by President Donald Trump, has applied for a U.S. national banking license to issue and custody its dollar-pegged stablecoin, World Liberty Financial USD (USD1) [1][2]. Group 1: Company Developments - The subsidiary WLTC Holdings LLC has applied to establish World Liberty Trust Company, National Association, aimed at stablecoin operations [2]. - The proposed trust company will cater to institutional clients, including cryptocurrency exchanges and investment firms, and will manage the issuance and redemption of USD1, valued at $2.8 billion [3]. - The trust will also offer digital asset custody and stablecoin conversion services, allowing holders of other stablecoins to convert them into USD1 [3]. Group 2: Regulatory Compliance - World Liberty Financial stated that the trust bank will comply with the GENIUS Act and anti-money laundering laws [4]. Group 3: Family Involvement and Controversy - The Trump family has significant investments in World Liberty Financial, with nearly 22.5 billion tokens owned, valued at approximately $3.84 billion at the current price of $0.1709 per token [5][6]. - The family's involvement in the cryptocurrency sector has faced criticism, with Senator Elizabeth Warren labeling their financial gains from the WLFI token as "plain and simple" corruption [6].