Bitget Daily Briefing (January 9) | Zcash team collectively resigns, causing ZEC to plummet; approximately $2.22 billion in BTC and ETH options expire today; U.S. initial jobless claims for the week ending January 3 are 208,000

Today's Outlook

1. According to Decrypt, the major Wall Street trade organization SIFMA held a private meeting with representatives from the DeFi and crypto industry to discuss the discrepancies in the Senate's crypto market structure bill, particularly making "progress" around DeFi regulatory provisions.

2. Grayscale BNB ETF has completed registration in Delaware.

3. Deribit: Approximately $2.22 billion in Bitcoin and Ethereum options are set to expire today.

Macro & Hot Topics

1. Trump announced a $200 billion purchase of mortgage-backed securities to lower mortgage rates.

2. JPMorgan's latest report indicates that the recent sell-off in the crypto market may be nearing its end. Analyst Nikolaos Panigirtzoglou stated that outflows from Bitcoin and Ethereum ETFs have stabilized since January, and futures market positioning indicators show that investor liquidation behavior by the end of 2025 has largely been completed.

3. World Gold Council: Gold recorded a 4% increase in December, driving the year-on-year growth rate to 67%.

4. In the week ending January 3, the number of initial jobless claims in the U.S. was 208,000, with expectations of 210,000, and the previous value revised from 199,000 to 200,000.

Market Trends

1. In the past 24 hours, the cryptocurrency market saw a total liquidation of $415 million, with $337 million in long liquidations. BTC liquidations amounted to approximately $128 million, while ETH liquidations were about $98 million.

2. U.S. stocks: Dow Jones +0.55%, Nasdaq -0.44%, S&P 500 +0.01%. Additionally, CRCL (Circle) +1.49%; MSTR (MicroStrategy) +3.18%, NVDA (NVIDIA) -2.15%.

3. Bitget BTC/USDT liquidation map shows: current price around 91,168, with a dense accumulation of long liquidations in the 88,000--90,000 range (high leverage, especially 50x/100x). A drop below this level could trigger a rapid decline. The 92,000--96,000 area has a large accumulation of short liquidations, and if the price breaks above, it could easily lead to a short squeeze, accelerating the price upward.

4. In the past 24 hours, BTC spot inflow was approximately $118.46 million, outflow was about $118.66 million, resulting in a net outflow of -$0.002 million.

News Updates

1. Elon Musk's xAI reported a further widening of quarterly losses due to significant investments in building data centers, hiring talent, and developing software that will ultimately be used to drive humanoid robots.

2. Morgan Stanley plans to launch a digital wallet this year to support tokenized assets.

3. Wintermute CEO: The project investment approval rate will only be 4% in 2025, marking the end of "scattergun investing."

4. Analysis: The "1011" crash forced market makers to hold large amounts of tokens, causing market liquidity to drop to its lowest point since 2022.

Project Progress

1. Polygon is nearing completion of its acquisition of Bitcoin ATM company Coinme, with a transaction amount expected to be between $100 million and $125 million.

2. Trader Eugene: SOL is performing the best among the three major cryptocurrencies and is being re-bought.

3. SOL Strategies: Sold 3,503 SOL in December and currently holds approximately 523,100 SOL.

4. Sei warns: USDC.n holders need to exchange for native USDC tokens before the planned upgrade.

5. 21Shares will distribute staking rewards to its Ethereum ETF holders, with each share receiving $0.010378.

6. BlackRock deposited 2,164 BTC and 22,902 ETH into Coinbase Prime.

7. The supporting organization for Zcash, ECC, saw its team collectively resign, causing ZEC to drop to a low of 381 USDT yesterday, currently down 10% in 24 hours.

8. Zerion's incubated L2 network, Zero Network, has been out of production for over three weeks.

9. A Florida state legislator proposed House Bill 1039 to advance the establishment of a state-level Bitcoin reserve.

10. "On-chain part-time stock investors" have opened 18 on-chain stock positions, with total holdings exceeding $66 million.

Disclaimer: This report is generated by AI, with human input only for information verification and not intended as investment advice.