Bitget Daily Briefing (January 13) | Controversy over Federal Reserve Independence Triggers Market Hedging; Meta Plans to Cut Investment in Metaverse Team; Strategy Increased Holdings by 13,627 BTC Last Week

Today's Outlook

1. SEC Chairman: It remains to be seen whether the U.S. will confiscate the Bitcoin held by Venezuela.

2. The Prime Minister of Thailand has ordered tighter regulations on gold trading and digital assets to combat "gray funds."

3. The Block reports that U.S. Republican Senator Cynthia Lummis and Democratic Senator Ron Wyden have introduced a bill that explicitly states that software developers who do not control user funds are not considered money transmitters—at this time, the senators are quickly preparing a broader cryptocurrency bill.

4. Standard Chartered Bank plans to establish a cryptocurrency prime brokerage business to expand its digital asset footprint.

Macro & Hot Topics

1. Bessen warns: The Federal Reserve's investigation has caused market turbulence, which may lead Powell to refuse to hand over power.

2. Former Federal Reserve Chair Yellen: The investigation into Powell undermines the independence of the Federal Reserve.

3. White House National Economic Council Director Hassett: Uncertain whether President Trump approved the investigation into the Federal Reserve. Still interested in the Federal Reserve position. Fed Chair Powell is a good person.

4. QCP Capital: The controversy over the Federal Reserve's independence has led to market risk aversion, with BTC rising and then falling back.

Market Trends

1. In the past 24 hours, the cryptocurrency market experienced liquidations totaling $231 million, with long positions liquidating $143 million. BTC liquidations amounted to approximately $72 million, while ETH liquidations were about $46 million.

2. U.S. stocks: Dow Jones +0.17%, Nasdaq +0.26%, S&P 500 +0.16%. Additionally, CRCL (Circle) +3.1%; MSTR (MicroStrategy) +3.11%, NVDA (NVIDIA) +0.04%.

3. Bitget BTC/USDT liquidation map shows: Current BTC price is around 91,258, with a dense liquidation zone for long positions in the 89,000--90,500 range, primarily using high leverage of 50x and 100x. If it falls back to this area, it may trigger a chain liquidation, amplifying downward selling pressure. The upper range of 92,000--94,000 is gradually accumulating short liquidations; if the price effectively breaks through and stabilizes, it may trigger short covering, pushing for a short-term upward acceleration.

4. In the past 24 hours, BTC spot inflows were approximately $100.68 million, while outflows were about $107.22 million, resulting in nearly zero net inflow.

News Updates

1. Solana's privacy application SHDW is suspected of locking user funds.

2. Fortune magazine reports that former New York City Mayor Eric Adams has announced a cryptocurrency initiative called "NYC Token," aimed at raising funds to combat anti-Semitism and anti-American sentiment, and to educate children about blockchain technology. However, the specific details of the plan remain quite vague.

3. Meta plans to cut investment in its Metaverse team to save funds for its VR glasses business.

4. Apple has chosen Google's Gemini to power the AI Siri launching this year. Following this news, Alphabet's market value has surpassed $4 trillion for the first time.

5. BitGo has submitted an IPO application in the U.S., seeking to raise approximately $201 million.

Project Progress

1. The SEC has postponed the review of the PENGU and T. Rowe Price crypto ETF.

2. pump.fun has transferred 148 million USDC and USDT obtained through public sales of $PUMP back to Kraken.

3. WLFI has sent 500 million WLFI to Jump Trading, valued at approximately $83.12 million. Earlier reports indicated that $271 million in $TRUMP would be unlocked this week.

4. FTX/Alameda has unstaked over 190,000 SOL, valued at $27.98 million.

5. Bitmine has staked over 150,000 ETH again, valued at approximately $479 million. Earlier news indicated that Bitmine purchased 24,266 ETH, bringing total holdings to over 4.16 million.

6. Crypto treasury company Strategy has a floating profit of $10.55 billion, while BitMine has a floating loss of $3.225 billion. Last week, Strategy increased its holdings by 13,627 BTC for about $1.25 billion, bringing total holdings to 687,400 BTC.

7. The Bank of Italy, in a study titled "What if Ethereum Goes to Zero? How Market Risks Evolve into Infrastructure Risks," pointed out that if the ETH price goes to zero, it could lead to validators exiting, slower block production, and decreased network security, which would affect financial services relying on Ethereum for settlement, such as stablecoins and tokenized assets.

8. WLFI launched the Dolomite-supported lending market "World Liberty Markets."

9. BlackRock transferred over 3,100 BTC and 7,200 ETH to Coinbase.

10. Bitcoin Core has added its sixth core code maintainer, TheCharlatan, after three years.

Disclaimer: This report is generated by AI, with human verification for information only and does not constitute any investment advice.