Odaily News Tether and licensed digital asset exchange Bitqik have announced a strategic initiative aimed at enhancing the financial literacy of the Lao people regarding Bitcoin and stablecoins. Bitqik is a locally licensed exchange offering brokerage and trading services for cryptocurrencies and other digital assets. Through this collaboration, Bitqik aims to expand the reach of blockchain technology by popularizing USDT and its role in promoting financial inclusion within the Lao market, fostering broader adoption of USD₮ in Laos's digital finance sector, and encouraging communities, students, and entrepreneurs to adopt stablecoin solutions.
Odaily News CryptoQuant analyst Axel stated on social media that between January 13 and 15, the "Bitcoin: Advanced Sentiment Index" rose to the extreme bullish zone of approximately 80%, coinciding with the price approaching the local high near $97,000. Today, the index has plummeted to 44.9%, falling from above to below the 50% neutral demarcation line. During the drop in the early hours of today, the single-hour liquidation amount exceeded $205 million. The spot oscillator surged to +97.96%, indicating that the liquidations were almost entirely dominated by long positions. The scale of liquidations shows this was forced unwinding rather than active selling, characteristic of the typical "sharp drop to clear leverage" pattern in an overheated market. If liquidation volumes continue to decline in the coming hours, it would signal that the deleveraging process is nearing completion.
Axel explained that the "Bitcoin: Advanced Sentiment Index" composite index integrates the volume-weighted average price, net active volume, open interest, and the long/short volume difference. Falling below the neutral line marks a shift in market structure and a deterioration in risk quality. If it can return above 50% and stabilize consistently, it would be the first signal of market stabilization; if it further declines toward the 20% high bearish zone, it could trigger a risk of deeper correction.
Odaily announced that the Sui Network has officially upgraded its mainnet to version V1.63.3, with the protocol simultaneously upgraded to version 107. This upgrade primarily includes optimizing the path for transactions/state to achieve finality directly, fixing a consensus issue where validators might fail to reach agreement on rejected transactions, and prohibiting the use of RPC interfaces by validators for transaction signing and submitting aggregated validator signature transactions.
Odaily News: The perpetual preferred stock (SATA) of Bitcoin treasury company Strive reached its par value of $100 per share for the first time last Friday. This level enables the company to sell more shares to raise funds for further Bitcoin purchases. The stock offers a 12% dividend rate, with an actual yield of 12.2%. Strive currently holds 12,797 Bitcoin on its balance sheet, and its common stock price is $0.94.
The structure of SATA is similar to that of Stretch (STRC), a comparable product from another Bitcoin reserve company, Strategy. Trading above par value means the company can raise cash through an At-The-Market (ATM) issuance program to increase its Bitcoin holdings. STRC reached its par value earlier this month, with last week's trading volume reaching $755 million, of which $582 million traded above par value, marking the highest single-week volume to date. (CoinDesk)
Odaily News Hong Kong Financial Secretary Chan Mo-po revealed in his Secretary's Blog that the crucial digital infrastructure "Port Community" System (Port Community System), spearheaded by the Hong Kong government, has been officially launched. Over 2,300 companies are participating in its use. This system employs artificial intelligence and blockchain technology to provide round-the-clock, real-time cargo tracking and supports innovation in trade finance.
