24H Hot Tokens and Key News｜Crypto Market Structure Bill Review Potentially Delayed for Weeks; Binance Futures Launches I'm Coming (January 22)
- Core View: This article aggregates crypto market data, regulatory updates, industry news, and project developments, indicating a generally mild upward trend in the market. Meanwhile, the US crypto legislative process has experienced delays, while various regions globally (such as Hong Kong and Suzhou) are actively promoting innovative applications of digital assets and digital currency.
- Key Elements:
- Market Data: Major tokens saw broad gains, with AXS leading CEX hot tokens with a 17.96% increase; among stock-related tokens (stock tokens), Moderna (MRNA.M) rose by 21.58%.
- Regulatory Updates: Due to agenda adjustments by the US Senate Banking Committee, the review of the crypto market structure bill is expected to be postponed for several weeks, while the version from the Agriculture Committee is scheduled for a vote on January 27.
- Regional Policies: Hong Kong's Financial Secretary, Paul Chan, stated that stablecoin licenses are expected to be issued later this year; China's Suzhou city's "15th Five-Year Plan" proposal suggests expanding the innovative application of the digital yuan across the entire city and all sectors.
- Project Developments: Uniswap's Continuous Liquidation Auctions have been deployed to the Base network; the decentralized social protocol Farcaster will be transferred to Neynar for operation.
- Industry Perspectives: The Governor of the Bank of Italy believes stablecoins only play a supplementary role, with the core "anchor" of digital currency still lying with banks; the founder of DeFiLlama pointed out that the "wallet login" model faces practical friction in real-world applications, such as users forgetting their addresses.
1. CEX Hot Tokens
Top 10 CEX Trading Volume and 24-hour Price Change:
- BTC: +1.19%
- ETH: +1.95%
- SOL: +2.60%
- XRP: +2.48%
- BNB: +1.46%
- DOGE: +2.39%
- SUI: +2.16%
- TRX: +0.77%
- AXS: +17.96%
- ADA: +3.32%
24-hour Top Gainers List (Data Source: OKX):
- AXS: +17.96%
- MINA: +14.18%
- NEIRO: +11.17%
- RON: +10.11%
- RSS3: +9.07%
- PUMP: +8.99%
- SAND: +8.95%
- AGLD: +7.93%
- MEW: +7.85%
- SLP: +7.58%
24-hour Top Stock Gainers List (Data Source: msx.com):
- Moderna - MSX (MRNA.M): 21.58%
- Sandisk Corporation - MSX (SNDK.M): 13.01%
- Intel - MSX (INTC.M): 13.01%
- Semiconductor ETF 3x Long - MSX (SOXL.M): 12.16%
- Tron Inc. - MSX (TRON.M): 12.15%
- Amkor Technology - MSX (AMKR.M): 11.07%
- Western Digital - MSX (WDC.M): 10.49%
- Lemonade, Inc. - MSX (LMND.M): 10.28%
- Advanced Micro Devices - MSX (AMD.M): 9.02%
- Baidu - MSX (BIDU.M): 8.58%
2. Trending On-chain Memes (Data Source: GMGN):
- 1;
- Kukuma;
- I'm Coming.
Headlines
Senate Banking Committee Adjusts Agenda, Crypto Market Structure Bill Delayed by Weeks
The U.S. Senate Banking Committee has recently shifted its legislative focus to housing affordability policies aligned with Donald Trump's agenda, slowing the progress of the previously scheduled crypto market structure bill review. The review is expected to be delayed for at least several weeks, potentially pushing the timeline to late February or March. Reports indicate that despite this, the Senate Agriculture Committee will proceed with its version of digital asset legislation as planned, with a vote expected on January 27. The text of the relevant bill will subsequently need to be reconciled with the Banking Committee's version before being submitted to the full Senate for consideration.
Binance Futures Lists I'm Coming USDT-M Perpetual Contract
According to an official announcement, the Binance Futures platform listed the I'm Coming USDT-M Perpetual Contract at 22:30 (UTC+8) on January 21, 2026, with leverage of up to 20x.
Trump: Rick Rieder and Kevin Warsh Both Suitable for Next Fed Chair
U.S. President Donald Trump stated that Rick Rieder, BlackRock's Chief Investment Officer of Global Fixed Income, and former Federal Reserve Governor Kevin Warsh are both suitable candidates for the next Federal Reserve Chairman.
Industry News
During the World Economic Forum in Davos, Switzerland, Coinbase CEO Brian Armstrong and French Central Bank Governor François Villeroy de Galhau engaged in a heated debate over whether stablecoins should pay yields to holders and the monetary attributes of Bitcoin.
According to the Suzhou Municipal People's Government website, the Suzhou Municipal Committee released a proposal for formulating the city's 15th Five-Year Plan for National Economic and Social Development. It states that the city will improve its financial service system, promote the implementation of the high-quality digital finance development action plan, expand digital yuan innovation applications across the entire city and all sectors, advance the "AI + Finance" application pilot, and strive to establish a national key laboratory for digital finance.
Paul Chan: Hong Kong Expects to Issue Stablecoin Licenses Later This Year
Financial Secretary Paul Chan stated at the World Economic Forum Annual Meeting that Hong Kong adopts a proactive and prudent approach to developing digital assets, promoting market development under the principle of "same activity, same risk, same regulation." Since 2023, Hong Kong has licensed 11 virtual asset trading platforms and expects to issue stablecoin licenses later this year. Additionally, the SAR government has issued three batches of tokenized green bonds totaling approximately $2.1 billion and launched a regulatory sandbox to encourage application innovation.
Project News
ETHGas Foundation: GWEI Token is Live, Airdropped Tokens Automatically Staked for 30 Days
The ETHGas Foundation announced on X that the GWEI token is now live. Additionally, airdropped tokens are now available for query and are automatically staked for 30 days.
Uniswap: Continuous Liquidation Auctions Officially Deployed on Base
Uniswap announced on X that Continuous Liquidation Auctions have been officially deployed on the Base network. Base developers can now run fully on-chain token auctions, discover reliable market prices, and launch liquidity on Uniswap v4.
Category Labs Plans to Repurchase MON Tokens via Open Market in H1 2026
Category Labs announced on X that it may repurchase up to $30 million worth of MON tokens in the open market during the first half of 2026, subject to applicable regulations. The company stated that any repurchase activity will be at its sole discretion and may be initiated, suspended, or terminated at any time. This announcement does not constitute a commitment to purchase a specific number of tokens but indicates that Category Labs will consider opportunistic repurchases based on market conditions.
Nansen Launches Season 3 Points Program
Nansen officially announced the launch of its Season 3 Points Program. This season adds 15 new partners including Metamask, EdgeX, Spark, Edgen, GoMining, NordPass, Ready, Saily, SNS, Solayer, ST0x, Airalo, SafePal, Token Terminal, and The Block.
Decentralized Social Protocol Farcaster to be Transferred to Neynar for Operation
Dan Romero, co-founder of the decentralized social protocol Farcaster, announced that Neynar is acquiring Farcaster. Over the coming weeks, ownership of Farcaster's protocol contracts and code repositories, the Farcaster application, and Clanker will be transferred to Neynar, which will be responsible for the ongoing operation and maintenance of the related products and infrastructure.
Financing
Cork Completes $5.5 Million Seed Round Led by a16z, CSX, and Road Capital
Cork announced the completion of a $5.5 million seed funding round led by a16z, CSX, and Road Capital, with participation from BitGo Ventures, Cooley, IDEO Ventures, PEER VC, and WAGMI Ventures. Cork is a startup focused on a new "on-chain infrastructure category" for tokenizing risks, building tools to make implicit risks in emerging real-world asset classes transparent and tradable.
Dutch Crypto Platform Finst Completes €8 Million Series A Round Led by Endeit Capital
Dutch cryptocurrency platform Finst announced the completion of an €8 million Series A funding round led by Endeit Capital, with participation from existing investors including Eelko van Kooten, founder of Spinnin' Records, and Mark Franse, co-founder of DEGIRO. This round brings Finst's total funding to €15 million. Founded in 2023, the Finst platform is authorized by the Dutch Authority for the Financial Markets (AFM) as a crypto asset service provider and serves retail and institutional clients in 30 European countries.
Voices
Italian Central Bank Governor Fabio Panetta stated that in the future, commercial bank money is expected to become fully digitalized alongside central bank money and continue to serve as the core anchoring force of the monetary system. Stablecoins will only play a supplementary role, as their stability ultimately relies on their peg to fiat currency, limiting their ability to function independently within the financial system. Digitalized commercial bank money and central bank money will jointly support the operation of the monetary system.
DeFiLlama founder 0xngmi stated on X that despite frequent discussions about "Log in with Wallet" in the crypto industry, most crypto platforms face significant practical obstacles during implementation. One of the biggest issues is that users often forget the wallet address they used to register. Additionally, the wallet login model makes it difficult to send timely critical notifications to users (such as API quota usage alerts). While introducing email as a supplementary step can partially solve the problem, it undermines the original intent of wallet login and increases friction. Although wallet login still holds value in high-security application scenarios, such applications constitute only a small portion of the overall market.
