1. Bitcoin has fallen below $90,000, with over 3 billion yuan in liquidations across the network. The price of Bitcoin dropped to a daily low of $88,069, with a 24-hour decline of over 4%, leading to approximately 133,000 liquidations across the network, totaling up to $425 million (around 3 billion yuan). Options market data shows that traders generally bet that Bitcoin will continue to fluctuate sideways in the short term.
2. The China Internet Finance Association and six other departments have jointly issued a warning about the risks of virtual currency trading. The seven major associations released a risk alert today, emphasizing that activities related to virtual currencies are illegal financial activities, reminding the public to be vigilant about risks and to protect their "wallets." Relevant institutions are prohibited from providing any services for virtual currency trading, token issuance, etc.
3. 'Bankruptcy concept coins' soar against the trend, LUNC rises nearly 90% in a day. In a generally declining market, some so-called 'bankruptcy concept' tokens have seen abnormal surges. For example, the token LUNC from the bankrupt Terra ecosystem surged by as much as 88.88% within 24 hours, with extremely high speculative risks in the market.
4. Institutional funds continue to flow out, BlackRock Bitcoin ETF experiences six consecutive weeks of net outflow. The iShares Bitcoin Trust (IBIT) under BlackRock has experienced its sixth consecutive week of net outflow, with over $2.7 billion flowing out in the past five weeks, reflecting current weak institutional demand.
5. Bitcoin and U.S. stocks diverge for the first time in eleven years. So far this year, the S&P 500 index has risen over 16%, while Bitcoin has fallen about 3%. This is the first occurrence since 2014 where U.S. stocks are strengthening while Bitcoin is weakening, breaking the correlation between the two as risk assets.
6. The U.S. CFTC approves spot cryptocurrency trading, Connecticut restricts prediction platforms. The U.S. Commodity Futures Trading Commission (CFTC) has approved spot cryptocurrency trading aimed at directing trading to compliant exchanges. Meanwhile, Connecticut requires platforms like Robinhood to halt prediction market activities.
7. Solana Mobile announces the launch of a new phone and native token SKR. Solana Mobile announced that it will launch a new phone and its native token SKR in January 2026, with a total supply of 10 billion tokens. However, at the same time, security vulnerabilities were revealed in its previous generation phone chip that can be exploited through electromagnetic pulses.
If you find the above information helpful, please give it a thumbs up and follow, thank you!
