Author: 行政

Tokenized real-world assets reached $19.72 billion on Jan. 9, the closest the market has come to the $20 billion threshold.That figure measures distributed assets, which are tokens that circulate on-chain and can be transferred between user wallets. As a result, it excludes another $19.78 billion in active private credit loans, which are tracked as represented assets on-chain for recordkeeping but don’t enable open transfers.The distributed RWA market splits into three segments. US Treasuries and money market funds dominate, accounting for $8.86 billion in on-chain collateral. Tokenized commodities, led by gold, sit near $4 billion.The remainder, consisting of institutional funds at…

Stablecoins used to be a crypto convenience, a way to park dollars between trades without touching fiat. However, the industry has matured enough that BlackRock now treats them as foundational rails for the market.In its 2026 Global Outlook, the BlackRock Investment Institute argued that stablecoins are widening beyond exchanges and becoming integrated into mainstream payment systems. It also said they could expand in cross-border transfers and day-to-day use in emerging markets.That framing matters because it shifts the question investors ask, especially when it comes from a name as big as BlackRock.The point here isn’t whether stablecoins are good for crypto.…

Chainalysis recorded $154 billion in illicit inflows, driven largely by sanctioned entities. Russia’s ruble-backed A7A5 token processed over $93.3 billion in transactions within a year. Illicit transactions remain under 1% of total on-chain activity despite rapid growth. Illicit cryptocurrency activity expanded rapidly in 2025, not because of a sudden spike in everyday crypto crime, but due to a structural shift in how sanctioned states and entities are moving money. As global financial restrictions widened, blockchain networks increasingly became an alternative channel for cross-border transfers that are harder to block or monitor through traditional systems. A new report from Chainalysis shows…

A few years ago, the easiest way to explain Bitcoin to a newcomer was to keep it simple, slow, and sturdy.Ten-minute blocks. Limited space. Everyone checks everything. Nobody gets special treatment.That design is a feature. It is what makes Bitcoin feel like bedrock.It is also why every bull market ends up replaying the same argument. Block space gets tight, fees jump, users complain, and builders promise solutions that live somewhere above the base layer.This week, Vitalik Buterin showed up with a very different claim about Ethereum’s future, one that lands directly on Bitcoin’s turf.In a post on X, he argued…

The first thing you learn when you spend too long around Bitcoin is that everyone has a chart that “always works”, and everyone has a scar from the last time it didn’t.This week’s chart is making the rounds again, it’s the one that tracks Bitfinex margin longs, and it’s flashing a familiar change in body language. After climbing to a fresh peak, the longs line is starting to tip over, the kind of subtle rollover that looks boring until you remember how much money sits behind it.The social version of the story writes itself, whales are closing longs, Bitcoin rallied…

Bitcoin currently trades in a tight range near $90K amid a 3-day streak of ETF outflows. The current market consolidation mirrors pre‑2025 surge patterns with low volatility. The key levels to watch include the support at $90K, the immediate resistance at $95K, and $100k in case of a breakout. Bitcoin (BTC) price has remained stuck in a narrow trading range around $90,000. The cryptocurrency is showing signs of consolidation after a volatile start to 2026. Bitcoin ETF flows and macroeconomic uncertainties are playing a key role in the price movement. Bitcoin ETF outflows weigh on BTC price In early January,…

The crypto market is flashing early signals of a first-quarter recovery as the dust finally settles on December’s sharp sell-off.According to a new analysis from Coinbase, four structural indicators suggest the correction was a temporary setback rather than a regime shift. Fresh inflows into spot ETFs, a drastic reduction in systemic leverage, improved order book liquidity, and a rotation in options sentiment all point to a stabilizing market.While traders remain cautious, these metrics indicate the ecosystem is significantly less fragile than it was weeks ago, clearing the path for a potential bounce.Cautious re-risking via ETFsThe first and perhaps most visible…

Dogecoin whale accumulation spikes signal confidence and reduce sell pressure. Dogecoin ETF inflows show growing institutional interest in DOGE. Japan partnerships expand Dogecoin’s real-world use and adoption potential. Dogecoin (DOGE) has shown signs of stabilisation around $0.14 as the new year begins. The DOGE price has increased by 1.18% over the past 24 hours, slightly outperforming the broader cryptocurrency market. This modest gain results from multiple bullish catalysts converging as the memecoin market sees a resurgence in investor interest. Whale accumulation boosts confidence On-chain data shows a 300% surge in large DOGE transactions, with whales accumulating 218 million DOGE ($31…

The XRP market has opened 2026 by splitting into two distinct realities.On one side, the institutional “wrapper” trade is thriving, supported by shrinking exchange supply and deepening corporate infrastructure. On the other hand, the underlying on-chain economy is flashing warning signs, with activity metrics fading even as Wall Street deepens its footprint.This divergence has created a complex investment landscape where financial demand for XRP is decoupling from the utility of the XRP Ledger (XRPL).While the asset itself enjoys a favorable supply setup and regulatory clarity, the network that supports it is struggling to retain liquidity and users.This has resulted in…

US-listed spot Bitcoin ETFs have suffered three consecutive sessions of heavy redemptions of more than $1 billion.The velocity of this U-turn is surprising, considering this year began with a bang. On the first two trading days of this year, the 12 Bitcoin ETF products combined to haul in nearly $1.2 billion.However, that inflow strength has given way to outflows.From Jan. 6 through Jan. 8, those same funds hemorrhaged capital, posting net outflows of $243.2 million, $486.1 million, and $398.8 million, respectively.US Bitcoin ETFs Inflow in 2026 (Source: SoSo Value) Related ReadingBitcoin is swallowing billions in ETF cash again, but a…