24H Hot Cryptocurrencies and Key News｜Genius Announces New Points Rules; ETHGas Airdrop Snapshot Completed (January 20)
- Core View: The market shows a divergent pattern with major cryptocurrencies consolidating sideways while individual tokens experience significant volatility. Meanwhile, the industry continues to make key progress in institutional adoption, regulatory compliance, and technological evolution (e.g., CBDC, Rollup).
- Key Elements:
- Divergent Market Performance: Major CEX-listed cryptocurrencies show mixed gains and losses with overall low volatility, while top gainers like RESOLV surged over 50% in a single day, indicating market focus is concentrated on specific projects.
- Major Institutional Moves: The New York Stock Exchange plans to launch a tokenized securities trading and on-chain settlement platform, aiming to support 7x24 trading and instant settlement, marking a landmark event of traditional finance deeply embracing blockchain.
- Regulation and Technology Integration: The Reserve Bank of India is pushing for BRICS CBDC interoperability, aiming to simplify cross-border settlements and reduce reliance on the US dollar; Digital Yuan smart contracts are reportedly supporting Turing-complete languages like Solidity.
- Project Ecosystem Adjustments: PancakeSwap passed a proposal to reduce CAKE's maximum supply to 400 million tokens; Magic Eden announced it will allocate 15% of total revenue for ME token buybacks and staking rewards.
- Security and Cycle Perspectives: Wintermute believes the traditional four-year cycle is invalid, and the market is driven by liquidity; Immunefi's CEO points out that "people" are becoming the biggest vulnerability in crypto security.
- Key Technological Evolution: Vitalik Buterin indicated a shift towards supporting native Rollups, believing the ZK-EVM technology timeline is gradually maturing.
1. CEX Hot Tokens
Top 10 CEX Trading Volume and 24-hour Price Changes:
- BTC: -0.14%
- ETH: -0.74%
- SOL: -0.16%
- XRP: +2.55%
- BNB: +1.71%
- DOGE: +1.95%
- SUI: -2.67%
- ADA: +2.41%
- TRX: -1.33%
- LTC: +2.50%
24-hour Top Gainers (Data Source: OKX):
- RESOLV: +52.18%
- BERA: +13.83%
- PHA: +12.82%
- NIGHT: +12.33%
- MANA: +11.87%
- DOOD: +11.58%
- RPL: +10.92%
- ZKJ: +10.57%
- RIO: +10.18%
- SSV: +9.35%
2. On-chain Hot Memes (Data Source: GMGN):
- 1;
- COM;
- GAS.
Headlines
Genius: Season 1 to End on April 12, Airdrop Allocation Increased by 50%
Genius announced on X that the Season 1 event will conclude on April 12, and the GENIUS token will be created before April 12, 2026. The Genius team has decided to increase the airdrop allocation by 50%, raising the value per point by 50%. Before April 12, 10 million GP points will be distributed weekly, with GP allocated retroactively based on spot trading volume. Additionally, all referral-based GP points have been slashed and reclaimed, and referrers will receive 35% of the transaction fees paid by referred users.
ETHGas: GWEI Airdrop Snapshot Completed, Eligibility Query Opens at 21:00 on January 20
The ETHGas Foundation announced that the GWEI airdrop snapshot has been completed, taken at 08:00 on January 19, 2026. The announcement states that the GWEI airdrop eligibility query will open at 21:00 on January 20, and the community airdrop will take place at 21:00 on January 21. Eligibility will be determined based on users' historical Gas consumption on the Ethereum mainnet and their social and community engagement records within the Gasless Future project.
The New York Stock Exchange plans to launch a tokenized securities trading and on-chain settlement platform, aiming to support 7×24 trading of U.S. stocks and ETFs, fractional share trading, stablecoin-based fund settlement, instant settlement, and integrating NYSE's existing matching engine with a blockchain settlement system. According to the plan, tokenized stocks will have the same dividends and governance rights as traditional securities. NYSE's parent company, ICE, is also collaborating with banks like BNY Mellon and Citigroup to explore tokenized deposits and clearing infrastructure to support cross-timezone, round-the-clock fund and margin management.
Finnish President: I Don't Think the U.S. Will Militarily Control Greenland
Finnish President Stubb: I don't think the U.S. will militarily control Greenland.
Industry News
According to a technical source familiar with the digital yuan, smart contracts based on the digital yuan's account system and those on public chains are essentially "code that executes automatically upon triggered conditions," with the difference lying in whether they are fully Turing-complete. Smart contracts in the digital yuan's account-based system are restricted Turing-complete, with programming strictly confined to template scripts approved by the central bank, supporting only preset, simple conditional trigger functions. This design is primarily for security and risk control considerations. Digital yuan smart contract development supports multiple programming languages, including fully Turing-complete languages like Ethereum's Solidity. The core challenge is designing a set of standard access and audit mechanisms acceptable to the financial system.
The Reserve Bank of India (RBI) is promoting a plan to interconnect Central Bank Digital Currencies (CBDCs) among BRICS nations, aiming to simplify cross-border trade and tourism while reducing the dominance of the U.S. dollar. It is reported that the RBI has urged for a proposal to establish a CBDC interconnection system to be included in the agenda for the BRICS summit that India will host in 2026. This would be the first formal attempt by BRICS members to establish CBDC links, with members including Brazil, Russia, India, South Africa, and new members such as the UAE, Iran, and Indonesia.
The Seoul Main Customs Office of the Korea Customs Service recently announced that it has transferred a case involving large-scale illegal foreign exchange using virtual assets to prosecutors. The investigation revealed that the involved group conducted illegal foreign exchange transactions over the past four years through domestic and foreign virtual asset accounts, with a cumulative amount of approximately 148.9 billion won, and collected fees in the process, suspected of violating the Foreign Exchange Transactions Act.
Project News
PancakeSwap Passes Proposal to Reduce CAKE Maximum Supply to 400 Million
PancakeSwap announced on X that the proposal to reduce the maximum supply of CAKE has been passed, adjusting CAKE's maximum supply to 400 million tokens.
Magic Eden: Starting February 1, 15% of Total Revenue Will Be Injected into ME Token Ecosystem
Magic Eden announced on X that starting February 1, 15% of its total revenue will flow directly into the ME token ecosystem. This portion of revenue will be equally split, with 50% used for ME token buybacks and the other 50% distributed in USDC to ME token stakers based on staking weight.
STBL: Community Reward Program Run Through Kaito Has Been Canceled
The stablecoin protocol STBL announced on X that due to recent changes on the X platform affecting reward-based community activities, the ongoing community reward program (run through Kaito) was previously suspended and is now confirmed to be canceled. Discussions are currently underway with the Kaito team, and updates will be shared as soon as there is clearer progress.
Funding
AKEDO Completes $5 Million Seed Round Led by Karatage
AKEDO announced the completion of a $5 million seed round to accelerate the development of its AI-native content creation engine and Launchpad. This round was led by Karatage, with participation from Sfermion, Collab+Currency, MARBLEX, Seed Club, The Open Platform, TON Ventures, Gagra Ventures, Kenetic Capital, Metalabs Ventures, and others.
Voices
Wintermute stated on X that the traditional Bitcoin four-year cycle is being phased out. Market performance is no longer determined by self-fulfilling time narratives but by where liquidity flows and investor attention concentrates.
Wintermute's over-the-counter (OTC) liquidity data shows that the transmission of crypto-native wealth weakened in 2025. ETFs and DATs have evolved into "walled gardens," providing sustained demand for large-cap assets, but capital does not naturally rotate into the broader market. With retail interest shifting to stocks, 2025 became an extremely concentrated year, with altcoin rallies averaging 20 days, down from 60 days in 2024.
Immunefi CEO Mitchell Amador stated in a recent interview that despite rising cryptocurrency losses, on-chain security is improving. 2025 was the worst year on record for hacks, but the biggest security failures did not stem from on-chain code but from Web2 operational errors, such as passwords, private keys, infected devices, and human error. As code becomes increasingly difficult to exploit, the primary attack surface for crypto security in 2026 will be humans. The human factor has become a weak link that Web3 participants must prioritize.
glassnode: $98,000 is a Key Threshold for Recent BTC Recovery Breakthrough
glassnode stated on X that the STH-NUPL indicator (measuring the ratio of new investors' unrealized profit/loss to the market cap of short-term holders) shows that new investors have been in a state of net unrealized loss since November 2025. The analysis points out that for this group to return to a state of net profit, the Bitcoin price needs to recover to approximately above $98,000.
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 around 80%, coinciding with the price approaching the local high near $97,000. Today, the index has plummeted to 44.9%, crossing below the 50% neutral line from above. During the drop early this morning, the single-hour liquidation amount exceeded $205 million. The spot oscillator surged to +97.96%, indicating that liquidations were almost entirely dominated by long positions. The scale of liquidations shows this was forced liquidation rather than active selling, typical of an overheated market's "crash to clear leverage" pattern. If liquidation volumes continue to decline in the coming hours, it would signal that the deleveraging process is nearing completion.
CZ responded on X to concerns about high Binance fiat withdrawal fees, stating: "New product, the more it's used, the better the liquidity becomes. Although I understand these fees are from the bank side, the more people use the product, the lower the fees will be." According to feedback from some community users, they selected a fixed fee of $25 with a one-day arrival time, suitable for large withdrawals. The larger the withdrawal amount, the lower the relative fee loss. Later, some users also reported that the fees appear to have been lowered.
Vitalik Buterin: Shifts Stance to Support Native Rollups, ZK Timeline Gradually Matures
Vitalik Buterin stated that he is "significantly more in favor of native rollups" compared to the past. Vitalik recalled that a major reason for his previous opposition to native rollups was that their precompilation scheme had to choose between ZK mode or Optimistic mode. At that time, ZK-EVMs were not yet mature, and L2s often chose between "fast withdrawals but bearing proof risk" and "relying on Ethereum security but waiting 2–7 days for withdrawals," typically opting for the latter. This weakened Ethereum's composability and promoted the adoption of solutions like multi-signature bridges.
