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Bitcoin is currently maintaining a range-bound oscillation pattern. Under the multiple pressures of the macro environment, market liquidity continues to be constrained, and the price direction remains unclear. Analysis indicates that the interplay of energy prices, monetary policy, and geopolitical risks has led to a compression of liquidity, causing the market to enter a "wait-and-see period." The current market is not lacking in structure but rather in incremental funds.Recently, Bitcoin has stabilized after experiencing volatility, with selling pressure easing somewhat, while ETF fund flows have shown a slight net inflow. However, spot demand remains weak, and the imbalance between supply and demand limits price breakthroughs. From a technical perspective, Bitcoin has found support in the $67,000-$69,000 range, with a key resistance level forming around $72,000. Analysts state that there is a "liquidity gap" above this range, and once effectively broken, the price could quickly rise to the $82,000 area; however, until demand shows significant improvement, the market will continue to maintain an oscillating pattern.On the macro level, high energy prices, global central banks maintaining high interest rates, and uncertainties in the Middle East collectively exacerbate market concerns about "stagflation" risks. Kraken Research points out that the combination of slowing growth and inflationary pressures complicates the policy path and suppresses the performance of risk assets. Against this backdrop, the market has entered a "liquidity compression phase."Bitunix analysis suggests that the mismatch of multiple macro factors has compressed funds into a narrow range, with Bitcoin acting more as a risk appetite indicator rather than a trend trading target. In terms of funds, the March spot Bitcoin ETF recorded a net inflow of approximately $1.5 billion, an improvement from the net outflow in February, but still below January levels, indicating cautious institutional fund inflows. The derivatives market is leaning defensive, with funding rates remaining negative and high demand for downside protection; meanwhile, spot trading volume has not shown sustained growth, indicating limited market participation. Overall, Bitcoin has not yet formed a clear breakthrough or downward trend, and is currently closer to a "accumulation and consolidation" phase, with future movements still dependent on macro data, policy signals, and changes in geopolitical situations.

According to Slow Fog monitoring, the Apifox desktop client has encountered a supply chain attack, with front-end script files hosted on its official CDN being injected with highly obfuscated malicious JavaScript code.Affected users may face risks such as credential theft, sensitive data leakage, and remote command execution, with the malicious code executing automatically and being highly concealed. Slow Fog recommends that users immediately revoke all Tokens, reset passwords, log out and log back in to invalidate sessions, block the *.apifox.it.com domain, clear local storage, and review API logs and abnormal activities.

According to BBX data, yesterday global listed companies made breakthrough progress in the fields of "financial diversification" and "compliance custody," with the core data as follows:$10 million cryptocurrency purchase plan: Acurx Pharmaceuticals (NASDAQ: $ACXP) board officially approved the allocation of $10 million for the purchase of Bitcoin yesterday. As a biopharmaceutical company, ACXP clearly stated that this move aims to leverage the anti-inflation properties of BTC to hedge against the depreciation risk of long-term R&D funding.10% cash asset allocation: Enfusion (NYSE: $ENFN) announced an update to its financial guidelines, planning to allocate 10% of redundant cash on its balance sheet in batches to BTC and ETH. This financial software giant plans to use crypto assets to enhance the overall risk-adjusted return of its treasury.$5 million increase: Nature's Miracle (NASDAQ: $NMHI) confirmed the launch of its first $5 million Bitcoin strategic treasury plan yesterday, marking the formal acceptance of crypto assets as reserve currency by companies in the agricultural technology sector.40% custody growth: Bakkt (NYSE: $BKKT) Q4 forecast data shows that its enterprise-level crypto asset custody scale has increased by 40% year-on-year. This reflects a significant increase in the reliance of non-native crypto companies on compliant third-party custody institutions when entering the market to purchase cryptocurrencies.

According to WSJ, OpenAI plans to merge ChatGPT, Codex, and its browser into a single desktop "super app" aimed at simplifying the user experience.

Blockchain and artificial intelligence infrastructure company Gency AI announced the completion of a $20 million financing round, led by TikTok, with participation from HF0, XYZ, Streamlined Ventures, Hat-Trick Capital, Arksteam, MH Ventures, ViaBTC, and Basics Capital.The company is currently focusing on the advertising market, introducing on-chain verifiable credentials and automated revenue distribution mechanisms. Utilizing smart contracts and privacy-preserving computing technologies, the number of ad impressions, conversion results, and revenue distribution can all be independently verified and automatically settled. The new funds will be used to expand its decentralized advertising execution and settlement network, strengthen the privacy-preserving computing stack, and accelerate product deployment and ecosystem collaboration in North America, Asia, and Europe.

According to Crypto In America, during the DC Blockchain Summit hosted by The Digital Chamber, several U.S. lawmakers and industry professionals will discuss the progress of stablecoin legislation. Tim Scott (Chairman of the Senate Banking Committee) is expected to be asked about the timeline for the next markup of the relevant bill at the event.Insiders have revealed that negotiations surrounding the "yield" issue of stablecoins are nearing consensus. Cody Carbone stated that the regulatory framework may include a ban on providing yields on idle stablecoin balances, while allowing reward mechanisms based on trading behavior, with relevant parties expected to reach a solution within the next week. Additionally, Thom Tillis and Angela Alsobrooks are seen as key legislative advocates, both expressing concerns about the banking industry's worries regarding funds flowing from deposit accounts to high-yield crypto products.Industry insiders believe that once these two lawmakers are satisfied with the text of the bill, the controversy over stablecoin yields is likely to be fundamentally resolved, after which regulatory focus will shift to issues such as DeFi and token classification.

According to Cointelegraph, CryptoQuant data shows that as the demand for Bitcoin derivatives rebounds, the net buying volume of Bitcoin indicates that buyers are entering the market. Net buying volume is an indicator of the imbalance of power between active buyers and sellers in the derivatives market, and it has remained positive since the outbreak of the US/Iran war. This positive trend aligns with Bitcoin's recent price rebound to $74,000, indicating that demand in the derivatives market has returned.Coinbureau CEO Nic added, "This shows that the buying volume has surpassed the selling volume, and buyers are taking control of the market." TradingView data shows that Bitcoin has consolidated in the $62,000 to $72,000 range for over four weeks, with multiple attempts to break through $70,000 failing. From a broader perspective, the BTC price remains between the realized price (the average purchase cost of all circulating supply at $54,400) and the real market average price (the cost basis of actively traded coins at $78,000).Glassnode stated, "In the absence of broader macro headwinds, this range may support a bear market relief rally, with its upper limit constrained by the real market average price."Charts show that BTC prices have spent most of 2023 between these two cost levels, with relief rallies repeatedly stalling near the real market average price. Ultimately, in October 2023, with the announcement of the approval of the US spot Bitcoin ETF, the price broke through.Crypto trader and analyst Titan stated that if the BTC price breaks through the $78,000--$80,000 range, it could signal a change in the long-term trend.

According to CoinDesk, driven by geopolitical tensions, the price of Murban crude oil exported from the Middle East has surpassed $100 per barrel, higher than global benchmark prices such as WTI and Brent crude.Analysts believe that the signals released by this price are significant. In addition to the market pricing in geopolitical risks, the accessibility of oil sources is also shaping market valuations, which may bring volatility to Asian and global stock markets, while putting pressure on risk assets including Bitcoin. Due to Bitcoin's lack of cash flow, its price is highly sensitive to fiat currency liquidity. The surge in oil prices may exacerbate inflation concerns, prompting central banks to raise interest rates, thereby intensifying the impact on Bitcoin's trend.Note: Murban crude oil is a key benchmark that can bypass the Strait of Hormuz.

Crypto journalist Eleanor Terrett posted on social media that Kraken, the second-largest crypto exchange in the U.S., has just accomplished something no other crypto company has done before—obtaining key access qualifications from the Federal Reserve.Kraken's banking division, Kraken Financial, has received approval from the Kansas City Fed to open a master account with the Federal Reserve. This marks the first time a native crypto company has gained (albeit with limited permissions) direct access to the Federal Reserve's payment system.This approval comes five and a half years after Kraken submitted its application to the Kansas City Fed in October 2020. The account allows Kraken to directly access the Federal Reserve's payment system, but does not include the right to use the Fed's lending tools. The company can hold reserves and settle with central bank funds, but cannot issue loans, use the discount window, or operate as a traditional commercial bank.According to sources, Kraken's approval is seen as a pilot project to test this new model. This decision is historically significant for the crypto industry, which has long been excluded from the traditional banking system, and indicates a shift in the Federal Reserve's stance. This move could trigger a wave of applications from other crypto companies seeking master accounts with the Federal Reserve. Custodia Bank, Anchorage, and Ripple's U.S. banking partner have all applied for master accounts.

The cryptocurrency trading platform Bakkt, a subsidiary of the New York Stock Exchange, announced the completion of the direct issuance pricing for 3,024,799 shares of Class A common stock and pre-funded warrants. Each pre-funded warrant can purchase up to 2,475,201 shares of Class A common stock, with an issuance price of $8.75 per share and a price of $8.7499 per pre-funded warrant, totaling $48.125 million to be raised. The transaction is expected to be completed around March 2, 2026, subject to customary closing conditions.

BlockTower Capital founder Ari Paul stated that market makers can indeed engage in short-term operations during weak markets, such as slightly pushing MSFT or BTC up by about 2% to trigger stop-losses, but such actions are usually day trades, and prices often revert within seconds or minutes, having limited impact on the long-term trends of liquid assets like Bitcoin ETFs.He pointed out that the primary reason for the recent BTC decline is the sell-off of tens of thousands of BTC by early holders, while market buying support is insufficient. Ari Paul believes that large-scale manipulation in the long term is not completely absent, but the probability is low and the risks are high. In most cases, deviations in market trends from expectations should not be simply attributed to "manipulation," and investors should optimize their own analytical frameworks. Meanwhile, compared to "downward manipulation," "upward pushing" is more common across various asset classes.

10x Research posted on platform X that the dynamics of Bitcoin options expiration, political uncertainty, and position concentration will jointly determine whether the $60,000 price level will hold or break in the coming days.The market has not priced in tail event risks, but instead is positioning based on the baseline scenario. Understanding the probabilities, capital flows, and incentive structures under this framework is crucial, as price movements can far exceed fundamental drivers when gamma turns negative and positions are crowded. The report re-examines how the current political backdrop is driving the consolidation of risk assets and emphasizes that recent significant shifts could have market implications.Positioning, policy uncertainty, and volatility dynamics suggest the need for patience and realism. The report assesses whether $60,000 should be viewed as a tail risk or an increasingly reasonable baseline scenario. In the current environment, preparation rather than prediction is most important, and understanding probabilities is essential.

The White House will hold a cryptocurrency summit next Monday, inviting senior representatives from the banking industry and the cryptocurrency sector in an attempt to break the deadlock over the Clarity Act. According to three industry insiders, the meeting will be chaired by the White House Cryptocurrency Committee, with the core topic focusing on whether cryptocurrency companies can offer interest or other returns on stablecoins held by customers.The banking industry is concerned that allowing cryptocurrency companies to pay returns will lead to deposit outflows, threatening financial stability. A report from Standard Chartered estimates that by the end of 2028, stablecoins could siphon off about $500 billion in deposits from U.S. banks. Cryptocurrency proponents argue that banning the payment of returns would harm competitiveness and be crucial for attracting new customers.

After setbacks in negotiations over cryptocurrency market legislation in the Senate Agriculture Committee, a Democratic senator's aide stated that the Democratic side is still willing to return to the negotiating table to push for a bipartisan compromise.The aide revealed that at the beginning of the new year, Democratic members were "caught off guard" during the negotiations, as the Republican side drafted a new version of the bill without sufficient consultation and originally planned to move directly into the markup process in mid-January. In response, the Democratic side hopes to re-engage with the committee chair, Republican Senator John Boozman's team, before a vote this week to strive for a bipartisan consensus.The Senate Agriculture Committee was originally scheduled to hold a markup and voting session on cryptocurrency legislation this Tuesday, but it has been postponed to Thursday due to severe weather in Washington. Meanwhile, some Democratic lawmakers are actively pushing to restart negotiations to reach a bipartisan-approved text before the hearing.The cryptocurrency market structure bill aims to establish a federal regulatory framework for digital assets, including clarifying the regulatory division between the SEC and CFTC, as well as related disclosure requirements. Analysts point out that, given that both the Senate Banking Committee and the Agriculture Committee need to advance their respective versions of the bill, bipartisan cooperation remains a key prerequisite for the smooth progress of the legislation.

According to reports, after negotiations on cryptocurrency market legislation hit a snag in the Senate Agriculture Committee, a Democratic senator's aide stated that the Democratic side is still willing to return to the negotiating table to push for a bipartisan compromise.The aide revealed that at the beginning of the new year, Democratic members were "caught off guard" during the negotiations, as the Republican side drafted a new version of the bill without sufficient consultation and originally planned to move directly into the review process this week. In response, the Democratic side hopes to re-engage with the committee chair, Republican Senator John Boozman's team, before the vote this week to seek a bipartisan consensus.The Senate Agriculture Committee was originally scheduled to hold a markup and voting session on cryptocurrency legislation this Tuesday, but it has been postponed to Thursday due to severe weather in Washington. Meanwhile, some Democratic lawmakers are actively pushing to restart negotiations to reach a bipartisan-approved text before the hearing.The cryptocurrency market structure bill aims to establish a federal-level regulatory framework for digital assets, including clarifying the regulatory division of responsibilities between the SEC and CFTC, as well as related disclosure requirements. Analysts point out that, given that both the Senate Banking Committee and the Agriculture Committee need to advance their respective versions of the bill, bipartisan cooperation remains a key prerequisite for the smooth progress of the legislation.

TikTok announced that it has established the TikTok USDS Joint Venture LLC. This joint venture will be responsible for data protection, algorithm security, content moderation, and software assurance for TikTok in the United States.The TikTok USDS joint venture is composed of three managing investors: Silver Lake, Oracle, and MGX, each holding a 15% stake. Other investors include the Dell family office, Vastmere Strategic Investments, LLC, Alpha Wave Partners, and Revolution, among others. ByteDance retains a 19.9% stake in the joint venture.

According to GlobeNewswire, Bakkt announced that it has established an ATM equity fundraising program under its existing shelf registration statement filed in 2025, allowing Bakkt to (but not obligated to) decide to offer and sell its common stock, with a total fundraising amount of up to $300 million.The program aims to enhance Bakkt's financial flexibility and accelerate the execution of its long-term growth strategy, including expanding the distribution of the Bakkt Agent program, rapidly scaling the Zaira stablecoin payment platform, increasing investments in the Bakkt Global program, and entering other high-potential markets.

According to GlobeNewswire, Bakkt, a company listed on the New York Stock Exchange, announced that it has acquired Distributed Technologies Research (DTR), a global stablecoin payment infrastructure provider.The completion of this transaction is subject to the satisfaction or waiver of customary closing conditions, including obtaining approval from relevant regulatory authorities and Bakkt shareholders.Additionally, Bakkt announced plans to change its company name to "Bakkt, Inc." effective January 22, 2026, with no change to its stock trading symbol.

Web3 asset data platform RootData published a daily transparency alert on Twitter (X), stating that projects such as CureX, Blocktrade, BETRMINT, ABCC, TradeOgre, and Bilaxy are missing core information. It calls on project teams to submit/update their information on RootData to improve their transparency scores. Additionally, RootData stated that it will continue to monitor and expose "black box" projects that lack core information.It is reported that the RootData transparency score is used to measure the integrity and timeliness of projects, aiming to reflect the information disclosure status of the projects. The transparency score is divided into 5 levels from A to F, with lower scores indicating that the project's information disclosure is less complete and the risk of malfeasance is higher, requiring investors to exercise heightened caution.