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From a data perspective, the RWA narrative is undoubtedly the clearest Alpha direction for 'blockchain+' in the next ten years.
RWA research platform rwa.xyz statistics show that the total market size for RWA currently exceeds $15 billion, with Fidelity predicting that this number will double to $30 billion by 2025. BlackRock is even more optimistic, anticipating that the market value of tokenized assets will reach $10 trillion by 2030.
In other words, in the next seven years, the potential growth space of the RWA narrative could exceed 700 times! However, hidden behind this is a core question: who will truly capture the incremental value of this epic narrative?

📅 Release Date: January 11

According to the latest data from SoSoValue, on January 10 (Eastern Time), the Bitcoin spot ETF market experienced significant capital outflow, with a total net outflow of $149 million. This data has sparked widespread attention and discussion in the market, with investors speculating about the reasons behind this capital movement and its potential market impact.💸

📊 Detailed Data Interpretation:

Grayscale ETF GBTC: Although the overall market shows a net outflow trend, Grayscale ETF GBTC recorded a net inflow of $13.51 million, despite its historical cumulative total net outflow remaining as high as $21.567 billion. This indicates that, despite market fluctuations, some investors still maintain confidence in Grayscale's ETF products.

The Ethereum Pectra upgrade is expected to be implemented in the first quarter of 2025. This is the third major upgrade of Ethereum following the Ethereum merge in September 2022 and the Cancun upgrade in March 2024.

During the Ethereum core developer call on January 9, 2025, execution layer technical protocol support lead Tim Beiko suggested initiating the 5th development network (Devnet 5) process related to the Pactra upgrade in the week of January 13, and upgrading Ethereum's public testnets Sepoila and Holesky in February 2025, with mainnet activation in March 2025.

Many public chains have long labeled Solana as their competitor, but it seems that no one can truly pose a threat to Solana. However, recently, Solana's co-founder Toly seems very willing to debate with Base's co-founder. Meanwhile, Base's ecosystem has experienced explosive growth in various data aspects recently, surpassing Solana in several indicators such as TVL and capital inflow.

It seems that Base is the biggest potential rival in Solana's view? PANews reviewed Base's recent data and compared it with Solana to see if Base's rise is imminent or just another 'wolf is coming' scenario?

According to Odaily Planet Daily, Chamath Palihapitiya, the leader of Social Capital, recently made a bold prediction: stablecoins will become a key tool for wholesale transactions by 2025, fundamentally changing the existing payment landscape.

His prediction is not unfounded and is supported by solid data. Palihapitiya predicts that by 2024, the number of stablecoin transactions will exceed 1.1 billion, with a settlement amount reaching $8.5 trillion, a figure that is more than twice the transaction volume of payment giant Visa. Such a massive transaction scale is enough for stablecoins to occupy a significant position in the payment field.

A perhaps overlooked 'news' is that Bitcoin Layer 2 seems to have achieved a significant breakthrough. The true Bitcoin second-layer network, Stacks, has announced the completion of an important network upgrade, increasing network capacity by 500%.


This is not just a simple technical display; it lays a solid foundation for the upcoming sBTC expansion.

After the successful completion of the Stacks Nakamoto upgrade in the fourth quarter of 2024, the timing of this network upgrade is quite appropriate. Through the Nakamoto upgrade, Stacks has achieved 100% security assurance for Bitcoin hash power while significantly increasing block generation speed. This large-scale bandwidth increase is to meet the enormous market demand brought by sBTC.

🌟 Major Regulatory Developments! 👀

According to the latest report from Bitcoin.com, Emotimi Agama, the Director-General of the Nigerian Securities and Exchange Commission (SEC), issued a stern warning on January 9, stating that some applicants for virtual asset service provider (VASP) licenses would face rejection for failing to meet regulatory standards. This news marks a further tightening of Nigeria's regulation of the cryptocurrency market.



📅 Historical Review: 📅

Starting from August 2024, the Nigerian SEC has issued the first batch of cryptocurrency licenses to pioneering companies such as Busha Digital and Quidax Technologies through its Accelerated Regulatory Incubation Program (ARIP). This initiative is seen as an important milestone in the normalization of the country's cryptocurrency market.

In the cryptocurrency field, the launch of each new coin can trigger a strong market response. According to the latest official news, the well-known trading platform Bithumb announced that it will officially launch Strike (STRIKE) and IOTA (IOTA) on January 11, 2025, which undoubtedly brings new opportunities and challenges for investors. 💸

🔍 Strike (STRIKE) launch details:

Deposit and withdrawal start time: January 11, 2025, Saturday at 12:00 PM
Trading start time: Scheduled to officially open on January 11, 2025, Saturday at 3:00 PM
Standard price: At the initial stage of listing, the standard price for Strike is set at 22,250 KRW

Recently, Tianfeng Securities released an in-depth research report exploring the potential role of artificial intelligence (AI) and cryptocurrencies in maintaining the dollar's dominance. The report points out that AI is seen as 'Plan A' for maintaining the dollar's status, while cryptocurrencies serve as 'Plan B' to address potential challenges to the dollar's position.

AI and Cryptocurrencies: A Dual Guarantee of the Dollar's Status

The report emphasizes that the application of AI in the financial sector is becoming increasingly widespread, and its powerful data processing and analysis capabilities provide solid support for the dollar. By optimizing trading strategies and improving risk management levels, AI helps the dollar maintain a leading position in the global financial system. Meanwhile, cryptocurrencies, as an emerging category of digital assets, are gradually showing their potential as an alternative to the dollar. Especially in the context of the increasingly apparent trend of de-dollarization, cryptocurrencies offer investors diversified asset allocation choices.

The tax system research committee of the Liberal Democratic Party and Komeito recently clarified the outline of tax reform for the fiscal year 2025, proposing to review the tax system for cryptocurrency (virtual currency) to pave the way for separate taxation. According to the reform proposal, the future tax rate on cryptocurrency assets may be reduced to 20%, while allowing for loss carryovers. However, the implementation of the reform still requires necessary legal preparations, including investor protection, transaction suitability requirements, and the obligation for exchanges to report transaction content to tax authorities.

Member Takeya Hirai of the Liberal Democratic Party's Digital Headquarters has submitted an urgent proposal to the Financial Services Agency, suggesting that cryptocurrency trading profits be promptly included in the scope of separate taxation, while also improving the regulatory framework to ensure that cryptocurrency assets play a role in promoting the national economy.

In the Web3 world, traffic entry often determines the success or failure of a project. As a Layer-2 expansion solution on Solana, Sonic SVM has set its sights on the short video platform TikTok and successfully attracted more than two million players by launching the point-to-earn game SonicX.
In the past "Web3 Game TGE" week, Sonic SVM (SONIC) performed brilliantly, with no suspicion of fraud or continuous decline. After the SONIC token was launched on January 7, it became the 9th most valuable L2 token with a FDV of $1.94 billion the next day, and it is also the only Solana-based L2 token in the top 10. As of January 16, the price of SONIC was about $0.72. The price has been relatively stable since its launch, and it does not seem to be affected by TikTok's upcoming ban in the United States.

Currently, the asset standards in the Bitcoin ecosystem are highly fragmented, with protocols like BRC-20, Ordinals, and Runes operating independently, lacking interoperability. This situation forces users and wallet developers to deal with complex formats and execution models.
Moreover, due to the UTXO operational model of Bitcoin's unlocking scripts and scripts to be unlocked, the lack of a global state and Turing-complete programming environment like Ethereum often forces these protocols to rely on offline indexers to maintain state. Whether it is BRC-20, which was born from the Ordinals protocol's use of SegWit and Taproot to permanently store information without exceeding size limits, or any other protocol, they still completely rely on off-chain indexers to maintain the global state of token balances. This increases operational costs and trust risks. The design intention of Goldinals, launched by Nubit, is precisely to address these pain points.

Despite significant price declines across the cryptocurrency market, the world's largest meme coin Dogecoin (DOGE) has successfully maintained above a key level, avoiding a major drop.

On January 13, 2025, the overall cryptocurrency market experienced a substantial downturn, with major assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) recording significant losses. The collapse of key support levels could further depress asset prices.

The interest among traders and investors is growing.
DOGE has experienced similar price momentum but has successfully maintained above a key level. According to on-chain analytics firm Coinglass, this is due to the rising interest among traders and investors over the past 24 hours, as they have placed significant bets on the DOGE meme coin.

In the current global economic situation, the Federal Reserve's monetary policy is under unprecedented scrutiny. Despite policy interest rates reaching historic highs, the U.S. economy remains strong, a phenomenon that seems to contradict traditional economic theory. The ongoing strength of the job market and steady economic growth raises questions: why has tight monetary policy failed to effectively curb economic overheating as it has in the past? Recent research suggests that this phenomenon is not a paradox but rather a limitation of traditional analytical frameworks. By re-examining the impact of financial conditions on the economy, we can gain a deeper understanding of the actual transmission mechanism of monetary policy.

In the cryptocurrency sector, fraud has once again drawn public attention. According to the authoritative media The Block, the U.S. Department of Justice announced that 35-year-old Travis Ford from Oklahoma pleaded guilty to participating in a cryptocurrency investment fraud scheme. This news shocked the entire crypto community, reminding investors to be cautious about investment risks. 💸

🔍 Case Details:

Travis Ford, the CEO, co-founder, and chief trader of the cryptocurrency investment company Wolf Capital Crypto Trading LLC (referred to as Wolf Capital), is suspected of enticing the public to invest in the company through its website and other social media and internet promotional activities between January 2023 and August 2023. 🕵️‍♂️

Weak performance in public relations and narratives poses a potential threat to the entire ecosystem, and the foundation has a responsibility to change this situation. Data shows that since June 2021, Ethereum.org has only published 14 original tweets, with no original content in 2023.

In addition, Boost VC investor Mark Beylin pointed out at the forum that Ethereum's social layer faces the issue of 'gang formation' and suggested that the EF improve its external communication methods. Ethereum developer Tim Beiko also called for strengthening social media as a 'digital public square' to more effectively respond to community needs.

In the latest developments shaking the cryptocurrency world, the U.S. Securities and Exchange Commission (SEC) is accelerating its enforcement actions in court, a move that has sparked widespread attention and discussion in the industry! 🔥
According to reliable sources, Ripple's Chief Legal Officer Stuart Alderoty and team X jointly posted on social media, clearly stating that the SEC will not postpone the submission of briefs for the appeal against the Ripple judgment. Alderoty bluntly stated: 'This is a complete waste of time and taxpayers' money.' However, he also emphasized, 'We are confident in our position on the appeal and look forward to working with the new SEC leadership to resolve this matter.' 💪

At the beginning of 2025, the new issuance activities on the SVM track on Solana frequently ignited discussions in various 'haircut' groups. First, the Sonic SVM airdrop sparked discussions on social media, followed by another Solana ecosystem project, Solayer, announcing that it would soon conduct a community sale, once again igniting the market's fervent imagination about wealth codes.

According to several social media accounts, due to Solayer's KYC rules, the prices of accounts reselling overseas KYC information have risen, and many 'haircut' bloggers jokingly shared pictures of collecting KYC information in African countries. In response to such popularity, Buidlpad, the partner collaborating with Solayer for this sale, urgently announced on January 13 that the number of registrations far exceeded expectations, and therefore the Solayer community sale would be postponed by 3 days to January 16 to ensure fair distribution.

On the ever-changing global financial stage, a contest about the future of currency is quietly unfolding! 🌐 The latest research report from Tianfeng Securities has been shockingly released, revealing the dual roles of AI and cryptocurrency in the face of dollar hegemony—AI is Plan A to maintain dollar hegemony, while cryptocurrency is Plan B to hedge against the dollar's status! 💡

💡 AI: The guardian of dollar hegemony?

Tianfeng Securities points out that AI, as the pinnacle of contemporary technology, is increasingly applied in the financial field, becoming an important support for dollar hegemony. Through efficient data analysis and forecasting capabilities, AI helps the dollar maintain its leading position in the global financial system. However, this is just the beginning of the story...

At the beginning of the new year, the Bitcoin spot ETF market staged a thrilling capital flight! As of January 2, the net outflow reached 242 million USD, leaving many investors alarmed. But don't worry, this drama is far from over, as various ETFs showcase their skills and engage in fierce competition.

First, let's look at Grayscale, the big brother. The GBTC ETF had a net outflow of 23.13 million USD yesterday, bringing its historical total net outflow close to the 21.52 billion USD mark. Don't underestimate it; the Grayscale Bitcoin Mini Trust ETF (BTC) went against the tide with a net inflow of 6.89 million USD, maintaining a historical total net inflow of 840 million USD, showcasing Grayscale's strong appeal and clever diversified layout in the ETF arena.