BTC, ETH Rebound; Solana, FET, LayerZero Lead Altcoin Gains Amid Token Unlocks

I. Crypto Market Overview

Key Takeaways

Macro Environment

The U.S. Federal Reserve's upcoming rate decision and key economic data releases are heightening market anticipation. Regulatory clarity advances, with the CFTC modernizing CRYPTO oversight and Russia affirming CRYPTO as protected property. Strong Asian equity performance and BRICS digital currency initiatives may further influence global capital flows.

Crypto Market

The crypto market shows a mild rebound, with BTC up 1.24% to $90,052 and ETH rising 1.96% to $3,020.58, supported by ETF inflows and DeFi activity. Solana (+2.34%), FET (+2.29%), and LayerZero (+2.97%) lead altcoin gains, while Canton Coin surges 13.09% on institutional news. Positive sentiment is driven by ecosystem developments and token unlock anticipation.

Today's Outlook

Key events today include major token unlocks for Undeads Games (2.15M UDS) and MultiBank.io (24.73M MBG), and the Stellar Protocol X-Ray mainnet launch. These events may drive volatility and sector rotation, especially in gaming and infrastructure tokens.

Fear and Greed Index

4.00% Annual Percentile

32 Fear

Total Crypto Market Cap

$3.04T

1.33%

Total Market Trading Volume

$143.81B

0.32%

Altcoin Season Index

81.82%

Quarterly Percentile

31 / 100

Total Futures Market Open Interest

3.68B

1.18%

Futures

658.56B

2.30%

Perpetuals

II. Industry Updates

Macro-economic Policies

The U.S. Federal Reserve cut interest rates to 3.50%-3.75%, triggering a $700 billion surge in U.S. stock market capitalization. This monetary easing boosts risk appetite and could increase capital flows into crypto assets, supporting BTC and DeFi valuations.

The U.S. Dollar Index rose 0.12% to 98.761, reflecting a stronger dollar amid global currency volatility. A firmer dollar may pressure BTC and altcoin prices, as crypto assets often move inversely to USD strength.

UK CPI inflation climbed to 3.4% in December, exceeding expectations and raising concerns about persistent price pressures. Elevated UK inflation may delay monetary easing, potentially reducing GBP-denominated crypto inflows and impacting DeFi liquidity in the region.

South Africa's annual CPI inflation reached 3.6% in December, with 2025 averaging 3.2%—the lowest since 2004. Stable inflation supports local economic confidence, which could encourage steady crypto adoption and stable ZAR-based trading volumes.

The South Korean KOSPI index surpassed 5000 points for the first time, signaling robust investor sentiment. Strong equity performance in Asia may spill over into higher crypto trading activity and increased demand for digital assets in the region.

Cryptocurrency Regulatory Trends

Senator Boozman has released a new crypto market structure bill, proposing expanded CFTC oversight of digital commodities, which could enhance regulatory clarity and impact market compliance expectations.

Grayscale has filed with the SEC to convert its NEAR Trust into a spot ETF, signaling growing regulatory engagement with altcoin ETFs and potentially increasing institutional access to crypto markets.

F/m Investments has applied to the SEC for permission to tokenize shares of its U.S. Treasury Bill ETF, marking a step toward regulated blockchain-based securities and potentially accelerating tokenization in traditional finance.

The U.S. crypto market structure bill faces further delays as the Senate Banking Committee shifts focus to housing policy, prolonging regulatory uncertainty and affecting investor sentiment in the digital asset sector.

The Russian Constitutional Court has ruled that cryptocurrency assets are protected property, providing legal clarity and stronger safeguards for digital asset holders in Russia, which may boost investor confidence.

MYX Finance (MYX): MYX surged up to 1,400% in seven days, driven by abnormal trading activity and airdrop events. Analysis flagged 249 anomalies, including a 433% liquidity spike and $170M Sybil attack profit, suggesting coordinated market manipulation.

LayerZero (ZRO): ZRO rose over 11% in 24h, with trading volume up 100% and strong retail demand. The rally was fueled by a confirmed falling wedge breakout and bullish sentiment, as well as anticipation of upcoming large token unlocks.

Canton Coin (CC): CC posted a double-digit gain as DRW Holdings and Liberty City Ventures announced plans for a $500M token treasury. Institutional adoption accelerated after JPMorgan revealed JPM Coin will launch natively on Canton Network in 2026.

Smart Money Movements

Bitmine acquired 34,954 ETH worth approximately $105.5 million from Kraken and BitGo within two hours, demonstrating aggressive institutional accumulation.

A rolling-position trader had one-third of a $332 million short position liquidated during a market rebound, reducing floating profit by $20 million before re-entering with $266 million in shorts.

The Central Bank of Iran purchased over $500 million in USDT in the past year, using stablecoins to support the rial and facilitate international trade amid sanctions.

A whale transferred 170 million DOGE, valued at $21.65 million, from an unknown wallet to Robinhood, highlighting significant on-chain movement.

Over 14.88 million TON tokens, worth about $138 million, were moved from anonymous addresses to the TON network in several large transactions.

Events to Watch

Jan 22 (Thu)

Key events: US Q4 2025 Real Personal Consumption Expenditures and GDP data release; Bank of Japan interest rate decision; Eurozone PMI and Germany PPI data; major token unlocks for Undeads Games (2.15M), MultiBank.io (24.73M MBG); Stellar Protocol X-Ray mainnet launch.

Jan 23 (Fri)

US Personal Income and PCE inflation data released; Valereum Plc's 230.88M Further Subscription Shares commence trading on Aquis Growth Market; Binance CEO CZ to speak at Davos Forum and appear on CNBC.

Jan 24 (Sat)

Newton Protocol unlocks 139.6M $NEWT tokens (37.22% of supply), a major tokenomics event; no other significant global economic data scheduled.

Jan 27 (Tue)

Federal Reserve and FOMC meetings begin, with interest rate policy and US monetary outlook in focus; outcome may impact global crypto and financial markets.

Table of Contents