Regulatory Advancement + On-Chain Movements: Key Signals in the Crypto Market This Week

【Crypto World】In the past week, the cryptocurrency market has been active with new developments in regulation, projects, and on-chain data.

There has been a new change in regulation—The U.S. Senate Banking Committee will vote on the “CLARITY Act” on January 15. This bill has been closely watched by the industry, and the upcoming vote may send clear regulatory signals.

The project ecosystem is also lively. The BSC Foundation has made investments, each spending $50,000 to acquire Hakeem and Laozi. Meanwhile, the prediction market on BSC is booming, with daily nominal trading volume surpassing $400 million, and open interest reaching a record high of $150 million, indicating high market participation enthusiasm.

On-chain data tells an even more interesting story. A whale transferred nearly 420,000 TRUMP tokens to a major exchange this morning, and industry insiders speculate that if they “surrender” and sell, they could face a loss of $2.5 million. Meanwhile, there are new developments in the Truebit hacker incident—the hacker has transferred all 8,535 ETH to Tornado Cash, worth about $26.44 million. On the other side, Tom Lee’s Bitmine is actively deploying, with a total staked 1.08 million ETH, valued at $3.33 billion. Additionally, a Vitalik-related address has deposited 330 ETH into Paxos, worth approximately $102,000.

There are also new updates on project fronts. The founder of the Life K-line project announced the upcoming launch of the “Cyber Merit Box” feature, attracting community attention.

In public opinion, a statement by the product head of X platform claiming “cryptocurrency tweets are dying a death” sparked controversy, but the statement was later deleted, possibly due to pressure.

Finally, analysts point out that Japan classifying Bitcoin as a financial product could negatively impact projects like Metaplanet, which is also a development worth monitoring.