24H Hot Cryptocurrencies and Key News｜CLARITY Act Still Faces Divisions; FTX to Commence Next Round of Creditor Distribution on March 31 (January 15)
- Core Viewpoint: The crypto market structure bill pending review in the US Senate has become an industry focal point. Its core content and potential amendments will profoundly impact the regulatory landscape, triggering a polarized industry response represented by opposition from Coinbase and support from institutions like a16z.
- Key Elements:
- Coinbase's CEO publicly opposes the current version of the bill, arguing it has significant issues regarding DeFi and stablecoin yields, potentially harming user privacy and stifling innovation.
- Multiple leading industry companies and associations, including a16z, Circle, and Ripple, subsequently published statements supporting the bill, revealing internal industry divisions over the legislative path.
- Senators have submitted over 130 amendments focusing on key issues such as stablecoin yield rules, DeFi regulation, and conflicts of interest for public officials.
- The bill's core aims are to clarify the regulatory boundaries between the SEC and CFTC, define the security or commodity nature of digital assets, and introduce new disclosure requirements.
- The Senate Banking Committee clarified that the bill aims to protect investors, combat illicit activities, and emphasized that developers merely publishing code would not be treated as financial intermediaries.
1. CEX Hot Tokens
CEX Top 10 Trading Volume and 24-hour Price Change:
- BTC: +0.91%
- ETH: -0.57%
- SOL: -0.85%
- XRP: -2.55%
- BNB: -1.65%
- USD1: -0.05%
- DOGE: -2.55%
- ENA: -3.74%
- AVAX: -2.1%
- FIL: +4.88%
24H Top Gainers (Data Source: OKX):
- DASH: +37.65%
- ICP: +31.93%
- MOVE: +17.87%
- ZEN: +14.66%
- UXLINK: +11.63%
- ME: +10.44%
- METIS: +8.86%
- PROMPT: +6.39%
- ANIME: +5.08%
- FIL: +4.88%
24-Hour Top Gainers in Crypto Stocks (Data Source: msx.com):
ALT5 Sigma Corporation - MSX (ALTS.M): 31.49%
Bitdeer - MSX (BTDR.M): 15.35%
BNB Network Company - MSX (BNC.M): 13.42%
ProShares Ultra Silver ETF - MSX (AGQ.M): 12.8%
Bakkt Holdings, Inc. - MSX (BKKT.M): 11.7%
Intuitive Machines, Inc. - MSX (LUNR.M): 11.61%
Voyager Technologies, Inc. - MSX (VOYG.M): 10.6%
VivoPower International PLC - MSX (VVPR.M): 9.19%
MP Materials Corp. - MSX (MP.M): 8.01%
Redwire Corporation - MSX (RDW.M): 7.69%
2. Trending On-Chain Memes (Data Source: GMGN):
- Buttcoin (Solana)
- Kuku Horse (BSC)
Headlines
Coinbase Opposes Senate Crypto Bill, Potentially Impacting Legislative Process
Odaily News Coinbase has stated it will not support the current version of the Senate cryptocurrency bill. CEO Brian Armstrong posted on social platform X, calling the bill "worse than the status quo in its current text," and said he would rather have "no bill than a bad bill."
The Senate plans to hold amendments and a vote on the bill on Thursday morning. Key provisions of the bill include clarifying the regulatory boundaries between the CFTC and SEC, defining when digital assets are securities or commodities, and introducing new disclosure requirements.
Armstrong pointed out significant issues with the bill regarding DeFi and stablecoin yields, warning that some provisions could grant the government "unfettered access to personal financial records," harm user privacy, and potentially "kill stablecoin rewards." Sources familiar with the matter said Coinbase's public opposition is "significant" and could influence the bill's ultimate fate.
Odaily News Crypto journalist Eleanor Terrett posted on X that following Coinbase's public opposition, several leading companies and industry associations in the cryptocurrency sector have voiced support for the Senate Republican (BankingGOP) market structure bill this evening. Currently, a16z, Circle, Kraken, Digital Chamber, Ripple, and Coin Center have all expressed support.
Odaily News According to CCTV disclosures, Yao Qian, former Director of the Technology Supervision Department and former Director of the Information Center of the China Securities Regulatory Commission (CSRC), was approached in 2018 by businessman Zhang, who was conducting a project's public sale. Yao Qian contacted a trading platform on his behalf. The public sale raised 20,000 ETH, and the businessman transferred 2,000 ETH to Yao Qian as a reward. The investigation team found a hardware wallet in a drawer in Yao Qian's office. Several bank accounts opened by others were Yao Qian's shell accounts, with one 10 million yuan fund, after roughly four layers of transfers, originating from a virtual currency trader's account, ultimately used to purchase a villa in Beijing.
Industry News
Odaily News FTX has announced the latest distribution arrangements. The estimated record date for the next distribution is February 14, 2026, with the distribution planned to officially commence on March 31, 2026.
Simultaneously, FTX has filed a notice with the court to amend the plan, proposing to reduce the contingent claim reserve by $2.2 billion. If approved by the court, the related funds will be released and used for distribution to allowed claim holders in the next round.
Odaily News Despite recent regulatory scrutiny, prediction market activity has not slowed down. Daily trading volume for prediction markets reached approximately $702 million on Monday, setting a new record. Data shows Kalshi accounted for about $465 million of that, roughly two-thirds of the total, while competing platforms Polymarket and Opinion collectively contributed about $100 million in trading volume.
Prediction markets have remained hot in recent years, becoming a rapidly growing category of infrastructure products in the crypto space, with their trading volume and adoption significantly increasing in 2025. Kalshi is one of the major prediction markets in the US, with traditional sports event contracts constituting a large portion of its revenue, and the platform has established partnerships with mainstream media.
Despite industry regulatory focus (e.g., discussions on insider trading), prediction markets continue to attract traders and institutional participation, driving the total volume to keep climbing. (Cointelegraph)
Odaily News Blockchain lending company Figure Technology Solutions announced the launch of an on-chain stock and lending platform aimed at reducing intermediaries in traditional stock lending. The platform, reportedly named On-Chain Public Equity Network (OPEN), supports issuing stocks on the blockchain and conducting direct stock lending without traditional intermediaries. It will also allow companies to issue equity on Figure's Provenance blockchain. Unlike many tokenization efforts, OPEN's blockchain stocks are not synthetic versions of listed stocks but represent actual equity ownership, which shareholders can lend or pledge. (Bloomberg)
Binance Wallet: Fogo Pre-TGE Third Round Concludes, Oversubscribed 40.8x
Odaily News Binance Wallet posted on X that the third round of the Fogo (FOGO) Pre-TGE Prime Sale has concluded. This round was oversubscribed 40.8 times, raising a total of 316,385 BNB. FOGO tokens will begin circulating on January 15, 2026, at 20:00 (UTC+8). Users who have claimed a Prime Sale Key can check their balance and trade FOGO tokens in their Binance Alpha account at that time.
Project News
Lighter Launches LIT Staking Feature, Unlocking Four Benefits Including LLP Access and Fee Discounts
Odaily News Lighter announced the launch of the LIT staking feature. Benefits obtained from staking are as follows:
1. Users who stake LIT will gain eligibility to participate in the LLP (Lighter Liquidity Pool). For every 1 LIT staked, 10 USDC can be immediately deposited into the LLP. Existing LLP token holders have a two-week grace period (until January 28) during which they can retain their original funds. After that, participating in the LLP will require continuous LIT staking.
2. Tiered fees for market makers and high-frequency trading firms will also be adjusted within two weeks. Overall fee levels will increase, but staking LIT will provide fee discounts, keeping the lowest fee tier at the current level. Specific tiered fee details will be announced several days in advance to allow trading firms to adjust their algorithms.
3. Staking LIT will generate yield, and the annual percentage yield (APY) will be announced immediately upon the feature's activation.
4. Staking 100 LIT will grant zero fees for withdrawals and transfers.
Backpack Launches Unified Prediction Portfolio, Initiates Private Beta for Prediction Markets
Odaily News Backpack CEO Armani Ferrante posted on X that Backpack has officially launched its product for the prediction market space—the Unified Prediction Portfolio—and has begun a private, invite-only beta test.
The product employs cross-margin and cross-collateralization mechanisms, unifying spot, spot margin, lending, perpetual contracts, prediction markets, and crypto/fiat assets within a single sub-account. This addresses the issue of funds being locked up for extended periods with high opportunity costs in prediction markets. Ferrante stated this is not a simple wrapper for existing prediction market platforms but a natively built new system by Backpack, supporting prediction trading, hedging, and various advanced order operations within the same margin account. The current testing phase will focus on validating the risk engine and core functionalities, with subsequent plans to expand features, market scale, and user access.
Odaily News OpenSea CMO Adam Hollander posted on X that OpenSea is intensively building and testing new products, including the OpenSea mobile app and trading experiences related to Hyperliquid perpetual contracts. They have conducted extensive testing with active traders and collectors to gather feedback. Their goal is to integrate all user assets, positions, wallets, and multi-chain portfolios into a unified, one-stop management experience on mobile.
Hollander also reminded users to connect and link their wallets on OpenSea as soon as possible. This will not only unlock the portfolio management experience on mobile but also help the foundation more comprehensively evaluate users' on-chain history and current activity levels in the upcoming TGE. He stated that preparations for the foundation's TGE are progressing, with historical trading volume and Treasures from the reward program being important considerations. The reward program will continue until the TGE, with half of the fees from each round going into the prize pool.
Odaily News US Senator Elizabeth Warren, a senior Democrat on the Senate Banking Committee, has called for pausing the application for a US national trust bank charter related to World Liberty Trust Co. until Donald Trump divests his family's holdings in related digital asset businesses.
Reportedly, Warren has sent a letter to Office of the Comptroller of the Currency Acting Comptroller Jonathan Gould, requesting a delay in the application process while Trump still holds related interests. She pointed out that if approved, rules set by regulators could directly impact the profitability of the president's related businesses, constituting a serious conflict of interest.
Warren stated that Congress failed to address such issues when passing the GENIUS Act, so the Senate has a responsibility to confront these conflicts when considering crypto market structure legislation. Currently, the Senate Banking Committee is about to hold hearings on related bills, but the latest leaked draft has not yet incorporated the government ethics provisions previously demanded by Democrats. (CoinDesk)
Odaily News On-chain trading platform Aster announced today that it has officially begun providing underlying technical support for perpetual contract trading on the Binance Wallet (web version). As a professional trading capability provider, Aster offers Binance Wallet high-performance trade matching, deep liquidity, and precise pricing capabilities. This marks Aster's transition from a protocol-focused entity to a comprehensive on-chain trading gateway, assisting CEXs in guiding users to migrate derivative trading on-chain.
Odaily News Moonbirds' parent company, Orange Cap Games (OCG), officially released the "Birbillions Thesis" whitepaper, proposing a hybrid business model of "physical collectibles + crypto memes." The whitepaper points out that a core pain point in the crypto industry is the disconnect between "serious companies" and "absurd memes." OCG aims to capture the attention of non-crypto users through physical toy distribution (via channels like Asmodee, GTS) and use the $BIRB token as a value coordination layer.
Data shows OCG's physical revenue reached $8 million in its second year of operation. The thesis claims its goal is to become the first crypto-native consumer enterprise to achieve $1 billion in annual revenue not reliant on transaction fees or token sales, but through physical product sales.
Algorand Foundation Returns to the US, Headquarters to be in Delaware with New Board Appointments
Odaily News After operating in Singapore for a period, the Algorand Foundation announced its return to the United States, with its headquarters to be established in Delaware. Algorand Foundation CEO Staci Warden also stated that new board members have been appointed, including Abra founder and CEO Bill Barhydt as Board Chairman, along with former MoneyGram CEO Alex Holmes, former FinCEN Acting Director Michael Mosier, and others. (CoinDesk)
Solana Mobile Opens SKR Airdrop Eligibility Check, Claiming Opens on January 21 with Staking Support
Odaily News According to an official post from Solana Mobile's X account, Solana Mobile disclosed specific details of the SKR airdrop distribution. This airdrop distributes nearly 2 billion SKR tokens to the community in total, with approximately 1.82 billion allocated to 100,908 users and about 141 million allocated to 188 developers, covering both user and developer groups.
The official announcement stated that SKR will officially open for claiming on January 21 at 02:00 (UTC). Eligible participants can check their personal allocation amount and corresponding tier in advance and need to prepare a small amount of SOL to cover on-chain gas fees incurred during claiming. After claiming, SKR can be staked to earn rewards.
Additionally, Solana Mobile confirmed that Season 2 has simultaneously begun, with related ecosystem incentive programs continuing to advance.
