Morning News | BitMine has staked 771,000 ETH in the past two weeks; HabitTrade has completed nearly $10 million in Series A financing; Morgan Stanley has submitted S-1 application documents for Solana Trust
January 6 Market Important Events Overview整理：ChainCatcher
Important News:
- Central Bank: Strengthening regulation of virtual currency trading in 2026, steadily developing digital RMB
- U.S. Department of Justice violates executive order by selling BTC paid by Samourai developers
- Bitcoin Core v30 has vulnerabilities, upgrading old wallets may lead to fund losses
- Data: BitMine has staked 771,000 ETH in the past two weeks, accounting for 18.6% of its total holdings
- Crypto broker HabitTrade completes nearly $10 million Series A financing, led by Newborn Town Inc.
- Morgan Stanley applies to launch Bitcoin and Solana ETFs, accelerating its layout in the digital asset field
What important events happened in the past 24 hours?
Telegram's revenue grew 65% to $870 million in the first half of the year, but it faced losses due to Toncoin depreciation
According to ChainCatcher, Telegram's revenue reached $870 million in the first half of 2025, a 65% year-on-year increase, with about $300 million coming from "exclusive agreements" related to Toncoin. However, due to a 69% drop in Toncoin's value this year, the company was forced to write down the value of its cryptocurrency holdings, resulting in a net loss of over $220 million.
Additionally, Telegram's $500 million bonds in Russia have been frozen due to Western sanctions. Despite these challenges, Telegram still aims to achieve its annual revenue target of $2 billion and is considering an IPO after progress in CEO Pavel Durov's investigation in France. The company has sold about $450 million of Toncoin, accounting for approximately 10% of its market value.
According to ChainCatcher, Solana posted its 2025 data performance on the X platform, reporting network revenue of $1.4 billion, a 48-fold increase over two years; the average daily active wallets reached 3.2 million, a 50% year-on-year increase, setting a new record; the stablecoin supply reached $14.8 billion by the end of the year, more than doubling year-on-year, also a new record; staked SOL reached 421 million, an 8% increase, setting a new record.
Additionally, Memecoin trading volume reached $48.2 billion, down 10% year-on-year; Launchpad revenue doubled year-on-year to $762 million; net inflows for SOL spot ETFs reached $1.02 billion; DEX trading volume reached $15 trillion, a 57% year-on-year increase, setting a new record.
According to ChainCatcher, Morgan Stanley has submitted documents to the U.S. Securities and Exchange Commission (SEC) to apply for exchange-traded funds (ETFs) linked to the prices of crypto assets. The documents indicate that Morgan Stanley plans to launch ETF products tracking the prices of Bitcoin (BTC) and Solana (SOL).
This move will further deepen the bank's layout in the crypto asset field. Notably, this action comes after the SEC approved spot Bitcoin ETFs two years ago, marking a continued commitment from traditional financial institutions to the digital asset market.
Bitcoin Core v30 has vulnerabilities, upgrading old wallets may lead to fund losses
According to ChainCatcher, Bitcoin Core developers have warned users that versions 30 and 30.1 have wallet migration vulnerabilities that could delete files and lead to fund losses. This issue occurs under specific conditions and affects the migration of old Bitcoin Core wallets that have never been renamed or upgraded.
Bitget wallet market analyst Lacie Zhang stated that the vulnerability is triggered when the software attempts to migrate unnamed old "wallet.dat" files stored in a custom wallet directory (usually defined by the "-walletdir" setting) while pruning is enabled. In this case, the migration appears to be successful, but the cleanup logic mistakenly deletes the entire wallet directory. Shawn Odonaghue, head of the Orbs community, noted that the vulnerability mainly affects "very old wallet setups," and users with hardware wallets or modern wallet software are unlikely to encounter such issues.
Bitcoin Core version 30.1 was released on January 1, and the wallet migration vulnerability was publicly disclosed on Monday. Developers have withdrawn the binaries for versions 30 and 30.1 from the official download site. The project advises users not to use the wallet migration tool until the fixed version Bitcoin Core 30.2 is released and emphasizes that existing users who have not attempted migration can continue to run their nodes normally.
Crypto broker HabitTrade completes nearly $10 million Series A financing, led by Newborn Town Inc.
According to ChainCatcher, crypto broker HabitTrade announced the completion of nearly $10 million in Series A financing, led by Newborn Town Inc., with participation from Bright Venture Capital, StableStock, and others.
HabitTrade is expanding its compliant brokerage infrastructure globally and accelerating the integration of traditional capital markets with on-chain finance. HabitTrade is currently focusing on the Middle East market; Newborn Town Inc. has a long-established user base and mature localized operational capabilities in the MENA region. This investment is expected to provide accelerated support for HabitTrade's regional expansion in terms of traffic, resources, and market synergy.
It is reported that HabitTrade offers comprehensive brokerage services covering trading, settlement, asset custody, and stock tokenization issuance, and supports stablecoins as a settlement method for off-chain financial assets.
Data: BitMine has staked 771,000 ETH in the past two weeks, accounting for 18.6% of its total holdings
According to ChainCatcher, CryptoQuant data shows that BitMine, the largest Ethereum treasury company, has staked a total of 771,000 ETH in the past two weeks, accounting for approximately 18.6% of its 4.14 million ETH holdings.
Etherealize CEO releases 2026 prediction: ETH may rise to $15,000
According to ChainCatcher, Etherealize CEO Vivek Raman released a 2026 prediction, stating that Ethereum will achieve fivefold growth in three major areas by 2026. In the area of tokenized assets, institutions such as JPMorgan, BlackRock, and Fidelity have deployed money market funds and private credit products on Ethereum, with the total value expected to increase from $18 billion to $100 billion.
Stablecoins received regulatory support after the passage of the GENIUS Act, with SoFi becoming the first national bank to issue stablecoins on a public chain, with a market value expected to increase from $308 billion to $1.5 trillion, with Ethereum accounting for about 60%.
The Layer 2 ecosystem is thriving, with Coinbase, Robinhood, and Deutsche Bank building dedicated chains. Four companies, including BitMine Immersion and Sharplink Gaming, have purchased about 4.5% of the ETH supply as reserve assets, mimicking the MicroStrategy model. The report predicts that the price of ETH will grow fivefold to $15,000, with a market cap reaching $2 trillion, on par with Bitcoin.
According to ChainCatcher, Wintermute founder and CEO Evgeny Gaevoy stated that he opposes insider trading in prediction markets, and if insider trading becomes normalized, it will be glamorized as a feature rather than a flaw, which would be very regrettable. He expressed disdain for those who engage in insider trading on Polymarket or Kalshi.
In a shared post, he also mentioned that even just sensing a hint of non-public information should lead one to resolutely avoid trading in that market. Perhaps insider traders can escape punishment, or perhaps they cannot, but taking that risk is not worth it; insider traders may find themselves in trouble for trading on Polymarket. It is extremely unethical to speculate when one knows it is a sure win, extracting benefits from those who are uninformed.
According to ChainCatcher, The Block reports that investment bank TD Cowen states that the U.S. legislative process aimed at establishing clear rules for the cryptocurrency market may take longer than expected, with the passage of related bills potentially delayed until 2027 and actual implementation possibly postponed until 2029.
TD Cowen's report released on Monday pointed out that although there are still paths to push for the passage of the crypto market structure bill this year, the political maneuvering in the U.S. Congress increases the likelihood of delays. The agency believes that the Democratic Party currently lacks the motivation to accelerate legislative progress, especially given their expectation of regaining control of the House of Representatives in the 2026 midterm elections.
It also stated that election results are always full of uncertainty, so Democrats may reach an agreement, which could happen quickly as staff have been researching technical terms for months. Time is favorable for the passage of the bill; if the bill is passed in 2027 and takes effect in 2029, the issue will disappear. The cryptocurrency industry needs to accept that the presidential election may affect the final rules, and Democrats also need to accept that conflict of interest clauses do not apply to Trump.
U.S. Department of Justice violates executive order by selling BTC paid by Samourai developers
According to ChainCatcher, despite Executive Order 14233 stating that confiscated BTC must be stored in the U.S. strategic BTC reserve, the U.S. Department of Justice appears to have sold the BTC paid by Samourai developers in a plea agreement. Furthermore, this is not the first time the SDNY has ignored federal guidelines in the Samourai case.
According to ChainCatcher, Bitfinex analysts stated that if U.S. companies enter Venezuela to develop its vast oil reserves, it could lower energy prices in the medium to long term, thereby improving Bitcoin miners' profitability.
The analysis pointed out that cheaper and more abundant energy supplies are expected to enhance miners' profit margins and may drive a new round of mining expansion, especially in areas where long-term power contracts can be secured. Bitfinex believes that even utilizing a small portion of Venezuela's 30.3 billion barrels of oil reserves could have a substantial impact on the energy market, providing relief to miners currently pressured by Bitcoin price corrections, rising mining difficulty, and increasing electricity costs.
However, the analysis also noted that the substantial recovery of Venezuela's oil production capacity will still take years, depending on political transitions and sanction policies. Overall, changes in energy are still a secondary factor affecting the crypto market, with price trends more likely driven by macro risk appetite and cross-asset allocation.
According to ChainCatcher, the People's Bank of China held a work meeting from January 5 to 6, 2026, summarizing its work in 2025, which pointed out that it actively promoted the reform and improvement of global financial governance, further enhancing financial management and service levels, and advancing precise governance of "fund chains" related to fraud and gambling.
The meeting emphasized strengthening regulation of virtual currency trading, enhancing cash supply guarantees, and optimizing the management system for digital RMB. Key tasks for 2026 include: improving the infrastructure for cross-border use of the RMB, strengthening regulation of virtual currencies, continuing to crack down on related illegal activities, deepening technological management and innovative applications, and steadily developing digital RMB.
According to ChainCatcher, Reuters reports that Strategy announced an unrealized loss of $17.4 billion in digital assets for Q4 2025, with a total unrealized loss of $5.4 billion for the year, affected by fluctuations in the cryptocurrency market.
The company's stock price plummeted about 47.5% throughout 2025, as investors reacted negatively to the volatility in the crypto market. Strategy lowered its 2025 profit forecast last December, attributing it to Bitcoin's weak performance.
According to ChainCatcher, the Financial Times reports that Telegram's $500 million bonds in Russia have been frozen by the national settlement depository due to Western sanctions against Russia, despite founder Pavel Durov's efforts to distance himself from Moscow.
This move poses obstacles to its debt buyback and raises concerns among investors. Telegram still plans to repay the related debts on time, and its recent half-year revenue grew 65% year-on-year to $870 million, but it faced a net loss of $222 million due to Toncoin depreciation. Telegram is pushing for the integration of the Ton ecosystem and preparing for an IPO.
According to ChainCatcher, data from blockchain security company PeckShield shows that cryptocurrency hacker attack losses in December 2025 amounted to approximately $76 million, a significant decrease of 60% from November's $194.3 million, marking the largest monthly decline in 2025. Despite the reduction in losses, about 26 major attack incidents still occurred that month.
The largest single incident involved $50 million mistakenly transferred to a malicious address, and another multi-signature wallet lost $27.3 million due to private key leakage. Other major attacks included losses of $22 million for babursol, $8.5 million for Trust Wallet browser extension theft, and approximately $3.9 million each for Unleash Protocol and Flow.
According to ChainCatcher, Uniswap founder Hayden Adams stated on the X platform that he strongly opposes claims about the disadvantages of AMM (automated market makers). Hayden Adams pointed out that in low-volatility currency pairs, AMM can provide stable returns for low capital cost investors, thereby weakening the competitiveness of professional market makers. In high-volatility long-tail markets, AMM is the only scalable option, with project parties or early supporters as liquidity providers (LPs), creating liquidity more effectively than paying option fees to market makers.
Regarding the high-volatility popular token market, Hayden Adams stated that AMM is continuously growing; although order books are currently in the best state, AMM's development is still in its infancy. With the development of Uniswap v4's Hook, more profitable liquidity pools will be provided in the future. Hayden Adams believes that due to the advantages of low capital costs and easier liquidity combination and collateralization, AMM will ultimately prevail in this field.
Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of January 7, 09:00,
The top five popular tokens on ETH in the past 24 hours are: SHIB, LINK, PEPE, UNI, ONDO
The top five popular tokens on Solana in the past 24 hours are: TRUMP, PENGU, MELANIA, Fartcoin, ME
The top five popular tokens on Base in the past 24 hours are: PEPE, BASED, NATO, SKYA, B3
What are some noteworthy articles to read in the past 24 hours?
Just a few days into 2026, one of the most dismal public offering events in the crypto industry in recent years may have emerged: Infinex's token public offering received only $460,000 in subscriptions less than 30 hours after its launch, which is less than 10% of the expected amount.
It is worth noting that the Infinex project team has already considered the bleak market conditions and made significant concessions in terms of valuation, fundraising goals, and terms design, reducing the public offering valuation from the $300 million announced last November to $100 million, and the planned fundraising amount from $15 million to $5 million.
Even with such drastic adjustments, Infinex's public offering still faced a lukewarm market response, surprising many market observers. After all, Infinex, as a star project, had previously raised over $60 million, and its founding team and investors have impressive backgrounds. Infinex's experience is a true reflection of the current downturn in the crypto market.
Six major crypto IPOs to watch in 2026
In 2025, the crypto industry made a strong debut on Wall Street. According to DefiLlama data, digital asset companies raised a total of $3.4 billion through initial public offerings (IPOs).
Heavyweight companies include stablecoin issuer Circle, Peter Thiel-backed trading platform Bullish, blockchain lending institution Figure, and crypto exchange Gemini. Both Circle and Bullish's IPO fundraising amounts exceeded $1 billion.
The IPO projects being prepared for 2026 look even larger.
Has Bitcoin become "stable"? The volatility in 2025 was even less than Nvidia's
As 2025 came to a close, Bitcoin's actual daily volatility dropped to 2.24%, marking the lowest annual figure on record for this asset.
K33 Research's volatility chart dates back to 2012, when Bitcoin's daily volatility was 7.58%. The data shows that in each cycle, Bitcoin's volatility has been steadily declining: 3.34% in 2022, 2.80% in 2024, and down to 2.24% in 2025.
However, market sentiment and data show discrepancies. In October 2025, Bitcoin's price fell from $126,000 to $80,500, a distressing process; on October 10, a liquidation wave triggered by tariff policies wiped out $19 billion in leveraged long positions in a single day.
a16z executives' views on crypto trends in 2026: stablecoins, payments, RWA
Last year, the trading volume of stablecoins was estimated to reach $46 trillion, continually setting historical highs. To put this number into perspective: it is more than 20 times the trading volume of PayPal; nearly three times that of Visa (one of the world's largest payment networks); and rapidly approaching the trading volume of the U.S. electronic financial transaction network ACH.
Today, you can send stablecoins in less than a second for less than a cent. However, the unresolved issue is how to connect these digital currencies to the financial systems people use daily— in other words, how to provide entry and exit channels for stablecoins.
Risk warning
Risk warning
