Daily quick overview of the crypto market: financing, liquidation, ETF dynamics and industry trends

Hey, I'm an old friend of CoinRebate. There is so much news in the crypto community every day that it can make people dizzy. Today, I will help you sort through the most explosive news in the past 24 hours, removing those fancy links and advertisements, leaving only the pure information. Let’s chat while watching, and here’s a reminder: Choosing the right place is more important than anything else when it comes to playing with coins, and safety is always the first priority!

1. Financing and project progress

ChainOpera AI completes US$17 million in seed round financing

According to The Block, ChainOpera AI, a project that combines blockchain and AI, has just received US$17 million in seed round financing. The investment was led by major institutions such as Finality Capital, Road Capital and IDG Capital, and even David Tse, co-founder of BabylonChain, and Sreeram Kannan, founder of EigenLayer, also participated.

The money is intended to be used to build a new blockchain L1 network and AI operating system, with the goal of building a decentralized AI agent and application ecosystem. The slogan of the project is that AI should be played and owned by everyone together, and it also emphasizes data privacy protection. I heard that their flagship product and mobile app will be launched in a few weeks.

Old Leek Comments: The narrative of AI+blockchain is very popular, but few can be implemented. The lineup of this project is quite luxurious and worth a look. However, for us ordinary users, it is better to steadily trade mainstream currencies on top exchanges such as Binance and OKX to pursue such early-stage high-risk projects. Use our invitation code to register and permanently enjoy a 20% discount on handling fees. This is a real way to save money and it’s better than anything else!

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Marathon Digital’s Bitcoin holdings increased to 44,394 coins

Bitcoin mining giant Marathon Digital issued an annual review, saying that their Bitcoin holdings have increased to 44,394 coins. The company increased its holdings by issuing US$2 billion of 0-interest convertible bonds. In addition, Marathon transformed from a mining company to a leader in global energy infrastructure in 2024, with its computing power reaching 50 EH/s and a zero-cost energy strategy.

Solana ecological Jito protocol revenue surges

According to a report from Kairos Research, Jito, the Solana ecosystem’s liquidity staking protocol, earned more than $100 million in monthly revenue through priority fees and tips in both November and December. This reflects that Solana network activity is booming and MEV (maximum extractable value) revenue is also rising. In 2024, the money earned by Solana validators from MEV exceeded that of Ethereum for the first time.

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2. Market conditions and data

The entire network liquidated US$289 million in the past 24 hours

Coinglass data shows that in the past 24 hours, the total contract liquidation amount of the entire cryptocurrency market reached US$289 million, including US$232 million for long orders and US$57.38 million for short orders. BTC and ETH exploded to US$66.11 million and US$44.37 million respectively.

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Analysis of Bitcoin Holder Behavior

CryptoQuant analysts pointed out that in the bull market at the end of 2024, investors with a holding period of 6 to 12 months (mostly bought when ETFs were passed at the beginning of the year) became the most active selling group, putting a lot of pressure on prices. However, "diamond hands" with holding periods of more than a year did not sell much, and data showed that the sales speed of old coins slowed down in December, indicating that long-term holders are still optimistic about the market outlook and are in no hurry to run away.

Stablecoin News

• USDC additional issuance: USDC Treasury printed another 50 million USDC on Ethereum (approximately $50.03 million).
• Tether Investment: Tether invested US$2 million in its first crypto venture fund, targeting Arcanum Capital's tokenization fund, which specializes in cross-border payments and privacy in Web3 areas.

3. Regulation and ETF Frontiers

Bitcoin/Ethereum ETF Fund Flow

Data on December 26 showed that Bitcoin ETFs experienced a net outflow, totaling 1,620 BTC (approximately $155 million), of which 852 were outflowed by Fidelity. On the contrary, the Ethereum ETF saw a net inflow of 1,000 ETH (approximately $3.35 million), all of which were increased by Fidelity.

Applications for new ETFs continue

1. Bitwise applied for the "Bitcoin Standard Company ETF": This fund specializes in investing in the stocks of companies that hold at least 1,000 Bitcoins on their balance sheets.
2. Strive applied for a "Bitcoin Bond ETF": This asset management company closely related to Trump applied to list an actively managed ETF that invests in "Bitcoin Convertible Bonds" issued by companies such as MicroStrategy.

Old Leek Comments: The gameplay of ETFs is becoming more and more complicated, and traditional finance is changing its ways to embrace Bitcoin. For the average investor, it may be more straightforward to buy and sell spot ETF tokens (if available) or Bitcoin itself directly on major exchanges. Remember, all operations must be performed on a regular licensed exchange. Never use the pheasant platform. Be careful of the risk of being cut off and running away!

4. Industry events and safety warnings

French AMF warns of crypto scams costing €500 million annually

France’s Financial Market Authority (AMF) reports that cryptocurrency scams are responsible for approximately €500 million in financial fraud losses in France each year. Men under the age of 35 who want to get rich overnight are the main victim group. Scammers often use social media to lure scammers, promising unrealistically high returns.

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Other events at a glance

• Large-Amount Burning of BONK: 1.69 trillion BONK (worth approximately US$52.28 million) of the Solana ecological meme currency BONK was destroyed according to the community proposal.
• Strong Growth of Base Chain: In the fourth quarter, the daily transaction volume of the Base network often exceeded 8 million, and the total lock-in value (TVL) has exceeded US$3.5 billion.
• OpenAI Transformation Game: I heard that OpenAI plans to turn into a for-profit company, and negotiations with Microsoft, the largest investor, are key.
• Former Alameda CEO’s sentence commuted: Caroline Ellison’s expected release date has been moved up to July 2026.

Summary and suggestions

The market is changing every day, there is good news about financing, there are screams of liquidation, and there are also new financial products emerging. As investors, we have to:

1. Keep learning: Keep up with industry trends, don’t be blind.
2. Be wary of risks: Stay away from the temptation of high interest rates and pheasant platforms. The most important thing is to preserve the principal.
3. Use good tools: Trade on a large, safe and reliable platform, don’t mess around.

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On the road to investment, safety comes first. I hope everyone can seize opportunities in the bull market and don’t be left behind by the market!

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