Selected News Highlights 1. Draft Clarity Act restricts users from earning interest solely on stablecoins. 2. Dash breaks $50, up 34% in 24 hours. 3. Bernstein lists Figure (FIGR) as its "top pick" for 2026, raising its target price to $72. 4. CZ's statement causes a slight pullback in the price of the Chinese Meme coin on the BSC chain; the "Life K-line" chart briefly drops by over 20%. 5. XMR surges over 50% in a week, with a corresponding 70% increase in total open interest across the network. Selected Articles 1. "Claude launches Cowork, former New York mayor suspected of issuing Rug, what's the overseas crypto community talking about today?" In the past 24 hours, the crypto market has witnessed a multi-pronged approach, from macro narratives to specific ecosystem competition. Mainstream topics focused on the further popularization of AI proxy tools, the controversy surrounding a politician's meme and its apparent use as a "rug," which heightened risk appetite, and speculative discussions surrounding the "cryptowall mainnet + token expectations." In terms of ecosystem development, Solana's trading portal accelerated its terminalization and gamification growth; Ethereum saw in-depth discussions surrounding "walk-out testing," privacy implementation, and institutional buying; while the Perp DEX track continued to reprice itself amidst equity perpetuity and the HIP-3 ecosystem boom, resulting in significantly increased competition. 2. "A Developer's Wasted Three Years on Base" Base once attracted countless developers with its slogan "Build on Base. We will support you.", but a silence often separates promises from reality. The author, @weretuna, is the co-founder of @pndmdotorg, a studio focused on creating viral Ponzi-style blockchain games on Solana. This article, narrating the team's three-year journey, recounts their experiences from initial investment and waiting to eventual disappointment, culminating in rapid growth after migrating to Solana. It highlights that the success or failure of an ecosystem is never determined by slogans, but by who is willing to provide genuine resources and attention to the application. For all builders still "waiting for support," this serves as a stark reminder. On-chain Data On-chain Fund Flows for the Week Ending January 13th