Crypto Market Dips as BTC, ETH Slide; TNSR Soars Nearly 100% Amid Token Unlocks

I. Crypto Market Overview

Key Takeaways

Macro Environment

US core CPI rose 2.6% year-over-year, slightly below forecasts, fueling expectations for a potential Federal Reserve rate cut and supporting crypto risk appetite. Nigeria enforced strict identity-linked crypto tax rules, increasing transparency but raising compliance costs and privacy concerns. The US Senate is finalizing the Digital Asset Market Clarity Act, which could reshape regulatory certainty and institutional participation in the crypto sector.

Crypto Market

The crypto market saw broad declines over the past 24 hours, with Bitcoin (BTC) down 4.43% to $97,474 and Ethereum (ETH) falling 9.27% to $3,144.86, pressured by weak risk sentiment and ETF outflows. Altcoins were mixed: Tensor (TNSR) surged 97.62%, Jupiter Project (JUP) gained 15.12%, and MOG Coin (MOG) rose 7.07%, driven by strong trading momentum and community activity despite the overall downturn.

Today's Outlook

Today, over $1.19 billion in tokens unlock, including 1.94 billion ONDO tokens (61.4% of supply), potentially increasing market volatility and liquidity risk. Japan also releases November current account data, offering macroeconomic signals for global investors.

Fear and Greed Index

0.00% Annual Percentile

41 Neutral

Total Crypto Market Cap

$3.14T

1.57%

Total Market Trading Volume

$138.04B

54.91%

Altcoin Season Index

45.45%

Quarterly Percentile

28 / 100

Total Futures Market Open Interest

2.66B

0.32%

Futures

626.76B

8.19%

Perpetuals

II. Industry Updates

Macro-economic Policies

The latest US inflation data shows CPI steady at 2.7%, reinforcing expectations for stable monetary policy; this supports Bitcoin's store-of-value narrative and may sustain DeFi liquidity.

US core CPI rose 2.6% year-over-year, slightly below forecasts, triggering a rally in short-term interest rate futures as traders increase bets on a potential Federal Reserve rate cut, which could boost crypto market risk appetite.

Federal Reserve is expected to keep interest rates unchanged in January, with only a 5% probability of a cut; this policy stability reduces volatility in BTC and ETH, supporting steady DeFi and NFT activity.

Franklin Templeton updated two institutional money market funds to support stablecoin issuers and blockchain integration, signaling growing institutional adoption of crypto infrastructure and potentially increasing on-chain liquidity.

BNY Mellon CEO warns that political pressure on the Federal Reserve could lead to higher interest rates, which may dampen crypto market sentiment and reduce capital inflows into digital assets.

Cryptocurrency Regulatory Trends

Nigeria has enforced new crypto regulations requiring all transactions to be linked to Tax Identification Numbers (TIN) and National Identification Numbers (NIN), aiming to increase transparency and tax compliance. This move is expected to boost government revenue but may raise compliance costs and impact user privacy.

The US Senate Banking Committee is finalizing the Digital Asset Market Clarity Act, a bipartisan bill to clarify SEC and CFTC oversight, set federal rules for exchanges and stablecoins, and address DeFi exemptions. The outcome could significantly impact institutional participation and regulatory certainty in the US crypto market.

Franklin Templeton has updated two institutional money market funds to align with stablecoin and blockchain integration, supporting compliance with the GENIUS Act. This reflects a broader trend of traditional asset managers adapting to new US stablecoin regulations, potentially increasing institutional adoption of digital assets.

India's Financial Intelligence Unit now requires crypto service providers to collect detailed customer data, including geolocation and selfies, to combat money laundering and terrorism financing. These strict KYC measures may deter illicit activity but could also increase onboarding friction for users.

Bipartisan US senators have introduced the Blockchain Regulatory Certainty Act to clarify that crypto software developers who do not control user funds are not subject to money transmitter rules, aiming to protect innovation and reduce regulatory uncertainty for blockchain infrastructure providers.

Tensor (TNSR): TNSR surged 97.62% in the past 24 hours, leading the market. The rally is driven by strong trading momentum and increased on-chain activity, though no specific event was confirmed due to data source limitations.

Jupiter Project (JUP): JUP gained 14.41% in the last 24 hours, ranking among the top gainers. The price jump is attributed to heightened trading volume and market speculation, with no single catalyst identified from available sources.

Mog Coin (MOG): MOG rose 7.07% over the past 24 hours, entering the top three gainers. The increase is supported by active community engagement and trading, but no major news or event was confirmed in the latest cycle.

Smart Money Movements

BlackRock transferred over $320 million in crypto, including 3,290 BTC and 5,692 ETH, to Coinbase for asset management and trading.

A newly created wallet deposited $3.6 million USDC into HyperLiquid and opened a 10x leveraged long position on Zcash (ZEC), with plans to increase exposure.

A whale withdrew 5,894 ETH worth $18.33 million from Kraken, following a previous withdrawal of 37 million SKY tokens valued at $2.33 million for staking.

Bitmine increased its Ether holdings by over 24,000 ETH last week, bringing its total to 4.17 million ETH, or 3.4% of supply, with 1.26 million ETH staked.

A dormant Satoshi-era whale purchased 26,900 BTC valued at $2.45 billion, marking its first transaction since 2011 and signaling renewed long-term confidence in Bitcoin.

Events to Watch

Jan 13 (Tue)

Over $1.19 billion in tokens unlock today, including Ondo (ONDO) with 1.94 billion tokens (61.4% of supply); Japan releases November current account data.

Jan 14 (Wed)

Euro area long-term interest rates statistics will be released, providing key macroeconomic signals for global markets.

Jan 15 (Thu)

European Central Bank to release securities issues statistics; Owlto Finance (OWL) and Football Fun (FUN) will hold token generation events, raising $8M and $5M respectively.

Jan 17 (Sat)

Ondo (ONDO) will unlock 1.9 billion tokens ($774M), allocated to ecosystem growth, protocol development, and private sales.

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