Dash Surges 13% on US Privacy Bill; BTC, ETH Mixed as TRUMP Unlock Looms

I. Crypto Market Overview

Key Takeaways

Macro Environment

China's central bank injected nearly 2 trillion yuan in liquidity, boosting global risk appetite and supporting crypto sentiment. The US Senate Banking Committee canceled a key crypto bill hearing after Coinbase withdrew support, increasing regulatory uncertainty and short-term volatility. Upcoming US and Eurozone economic data, along with the Bank of Japan's policy decision, are expected to influence global risk assets and crypto market liquidity.

Crypto Market

The crypto market showed mixed performance over the past 12 hours. Bitcoin (BTC) trades at $95,162, down 0.19%, while Ethereum (ETH) is at $3,336, up 0.93%, with BTC pressured by ETF outflows and regulatory uncertainty. DASH (DASH) surged 13.1% to $85.91, driven by US legislative support for privacy coins. MYX Finance (MYX) rose 3.94% to $5.27 after integrating Chainlink Data Standard, and LayerZero (ZRO) gained 2.93% to $1.73 on cross-chain protocol adoption. Altcoins saw sector rotation, with privacy and interoperability tokens outperforming.

Today's Outlook

Today, TRUMP will unlock 50.9 million tokens ($264.8M, 5.09% of supply), a major event that may impact market liquidity and token price dynamics. This significant supply unlock is closely watched by traders for potential volatility.

Fear and Greed Index

2.00% Annual Percentile

50 Neutral

Total Crypto Market Cap

$3.22T

0.18%

Total Market Trading Volume

$61.44B

24.37%

Altcoin Season Index

0.00%

Quarterly Percentile

23 / 100

Total Futures Market Open Interest

3.76B

0.40%

Futures

540.94B

15.04%

Perpetuals

II. Industry Updates

Macro-economic Policies

China's central bank injected nearly 2 trillion yuan in liquidity this week, boosting global risk appetite and supporting crypto market sentiment, with traders eyeing increased DeFi and altcoin activity.

The U.S. Senate Banking Committee cancelled a key crypto bill hearing after Coinbase withdrew support, increasing uncertainty for DeFi and stablecoin yield protocols and contributing to short-term volatility in BTC and ETH.

Eurozone December CPI data and upcoming U.S. Q3 GDP release are expected to influence global risk assets, with potential impacts on Bitcoin price direction and overall crypto market liquidity.

The Bank of Japan is set to announce new monetary policy measures, which could affect JPY liquidity and indirectly impact global crypto flows and stablecoin demand.

Cryptocurrency Regulatory Trends

Coinbase withdrew support for a major U.S. crypto bill, causing the Senate Banking Committee to cancel a key hearing; this regulatory uncertainty has increased market volatility and dampened investor confidence.

The U.S. Congress passed the Digital Asset Market CLARITY Act, granting the CFTC oversight of digital commodity markets; this move is expected to boost institutional participation and onshore trading.

Dubai's Financial Services Authority officially banned privacy coins in the DIFC, tightening AML compliance and reducing access to privacy-focused tokens, which may decrease liquidity for these assets in regulated markets.

Kazakhstan enacted new laws to regulate crypto, digital assets, and fintech, aiming to modernize its banking sector and attract more crypto market activity, potentially increasing regional investment and adoption.

DASH (DASH): DASH surged over 13% in 24h, driven by the US Lummis–Wyden bill, which shields non-custodial crypto developers and sparked a privacy coin rally. Trading volume exceeded $521M.

MYX Finance (MYX): MYX rose 3.9% in 24h after integrating Chainlink Data Standard, enabling real-time, verifiable perpetual trading across EVM chains and boosting market transparency and execution speed.

LayerZero (ZRO): LayerZero gained 2.9% in 24h as Ondo Finance integrated its omnichain protocol, unlocking cross-chain tokenized stocks and expanding RWA access, fueling institutional DeFi adoption.

Smart Money Movements

An early Bitcoin holder sold 500 BTC for $47.77 million, bringing total sales since December 2024 to 2,500 BTC ($265 million), while still holding 2,500 BTC valued at $237.5 million.

Pump.fun repurchased $250 million worth of PUMP tokens, reducing the circulating supply by 19.45% through a series of buybacks, including a recent purchase of 431.3 million tokens for $1.267 million.

A whale wallet transferred 338,500 SOL, valued at $48.18 million, across four transactions to different anonymous addresses, indicating significant on-chain movement.

Pantera Capital generated over $21 million in weekly profits across three wallets, with individual wallet gains of $12.1 million, $6 million, and $3.6 million, leading crypto fund performance.

A whale adjusted their portfolio by opening a DASH short with 5x leverage and a DOGE long with 10x leverage, while holding $457 million in BTC, ETH, and SOL, currently at a $3.3 million floating loss.

Events to Watch

Jan 19 (Mon)

TRUMP will unlock 50 million tokens ($27M, 25% of supply); major token unlocks may impact market liquidity.

Jan 20 (Tue)

LayerZero (ZRO) will unlock 25.7 million tokens ($4.4M, 6.36% of supply); significant supply event for ZRO.

Jan 21 (Wed)

SKR token will officially launch; Plume (PLUME) will unlock 1.37 billion tokens ($22.3M, 39.75% of supply).

Jan 22 (Thu)

US Q4 GDP data will be released; BitGo is scheduled to go public on Nasdaq, impacting digital asset custody sector.

Jan 23 (Fri)

Bank of Japan will announce inflation data and interest rate decision; ANIME will unlock 835 million tokens ($6.5M).

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