Expand What's wrong with Bitcoin, even Trump can't save it? Last night: Bitcoin fell below its price during the trade war last April. At least during the trade war, we knew why it fell; this time, we can't even find the reason. Looking at the market, I noticed a few chilling details: US stock futures were fine pre-market, even opening higher, then suddenly plummeted. Asian and European investors didn't sell much; the problem lies within the US. What does this mean? Even Americans themselves are starting to have doubts. Even more critical is the liquidity. I looked at the turnover data; the amount of tokens sold wasn't actually that much. It was mainly short-term investors running away, while veteran investors were still stubbornly holding on. But even this small amount of selling was enough to drive the price down like this. What does this mean? No one is buying. If you shout in an empty room, you won't even hear an echo. That's what the Bitcoin market is like now—the liquidity is suffocatingly poor. The slightest disturbance sends the price on a rollercoaster ride. Some say the US government shutdown is to blame; the House just passed funding and it's immediately being sent to Trump for signature. If that's the reason, it's relatively simple. But my concern is, what if it's not? If even Trump's Bitcoin strategic reserves can't save this market, what can we expect? The Nasdaq has already fallen 2.5%, and the entire market is questioning everything. This is the reality: no matter how compelling the story, no matter how much positive news, it's all a paper tiger in the face of a liquidity crunch. The market doesn't lie; the chip distribution structure is still relatively normal, but there's too little buying pressure. It's like a theater without an audience; no matter how hard the actors try, it's useless. Tomorrow's data will reveal the truth. But one thing is certain: this market is far more fragile than we imagine. $BTC {future}(BTCUSDT)

Expand 🔔Arizona Legislature Advances Proposal to Exempt Crypto Assets from Property Tax According to Mars Finance, the Arizona Senate Finance Committee passed SB 1044 and SCR 1003 by a 4-3 vote. This series of proposals, introduced by Wendy Rogers, aims to exempt virtual currencies from property tax. If passed, SCR 1003 will allow voters to decide in November whether to formally establish this tax exemption by amending the state constitution. SB 1044 proposes to amend state law to define virtual currencies as digital representations that serve as a medium of exchange, unit of account, and store of value, and are not in US dollars or foreign currencies. Although Governor Katie Hobbs vetoed several crypto asset-related bills in 2025, including SB 1025 which proposed establishing a strategic reserve for Bitcoin and SB 1024 which allowed the use of crypto assets for tax purposes, this tax exemption proposal has now been transferred to the Senate Rules Committee for further consideration.

Expand 🗞️ Want to know today's news? Here are our top ten stories: 🔸 President Trump stated that despite Federal Reserve Chairman Powell's efforts to maintain high interest rates, mortgage rates have fallen to their lowest point in three years, claiming the market is proving Powell wrong. 🔹 Tennessee approved zoning rules for cryptocurrency mining, providing guidelines for the location of these facilities within the city. 🔸 Silver prices broke through $97, hitting a new all-time high. 🔹 Brian Arms (TRON): "The coolest thing about Bitcoin is that it doesn't need a printing press like most other currencies." 🔸 The U.S. Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) will jointly host an event titled "Coordination and U.S. Financial Leadership in the Crypto Age" on January 27th at 10:00 AM ET. 🔹 Chainlink acquired Atlas transaction sorting solutions to accelerate the deployment of its non-toxic MEV tools in the DeFi space. 🔸Changpeng Zhao stated that artificial intelligence will lead to unemployment, while cryptocurrencies may allow people to live without working. 🔹Kansas proposes a Bitcoin strategic reserve bill. 🔸Donald Trump sued JPMorgan Chase and its CEO Jamie Dimon, seeking $5 billion in damages, accusing them of politically motivated "de-banking" activities, but JPMorgan Chase denied the allegations. 🔹McLaren Racing partnered with Hedera to launch a Web3-based fan experience and digital collectibles.

Expand Breaking news from the US: Kansas has proposed a bill to establish a strategic reserve for Bitcoin.

Expand Patrick Witt, director of the White House Crypto Council, stated that the establishment of a strategic Bitcoin reserve in the United States is still underway, but faces challenges in cross-agency coordination due to some "niche and complex legal provisions." Currently, the Department of Justice (DOJ) and the Office of the Legal Counsel (OLC), among other agencies, are discussing relevant legal and regulatory issues, and the matter "remains on the priority list." Previously, in March 2025, Trump signed an executive order establishing a strategic Bitcoin reserve and a "digital asset reserve," but only allowing the acquisition of BTC through asset forfeiture, prohibiting direct purchases on the open market. (Cointelegraph)

Expand "Top 10 Crypto Market Milestones in 2025 in My Eyes" (Author: @agintender) 2025 is considered the "Year Zero" for sovereign integration in the crypto asset market: the US establishes a strategic Bitcoin reserve, the GENIUS Act and MiCA are implemented, driving the full institutionalization of Bitcoin and stablecoins; ETF expansion, DAT, and corporate holdings accelerate institutional entry; infrastructure upgrades and the implementation of RWA and on-chain settlement reshape the underlying financial system; simultaneously, major hacking incidents and leveraged liquidation complete risk cleansing, and the amnesties of Ross Ulbricht and CZ symbolize the end of the era of unregulated growth. In 2025, crypto will shift from a speculative tool to a long-term fundamental asset within the national and financial systems. Read the full article:

Expand CATHIE WOOD just dropped a bombshell: Trump will buy 1 million Bitcoins! This isn't about making money; it's about power, and also about securing CATHIE WOOD's (Trump's) coffers. CATHIE WOOD says: In the 2026 midterm elections, Trump absolutely doesn't want to be a "lame duck" president, sidelined by Congress. Establishing a "US Bitcoin Strategic Reserve" is no longer a peripheral issue, but a core political capital for ensuring productivity in his next term. As long as Bitcoin rises, the US balance sheet strengthens. Crypto votes = key to victory in 2026. PS: The idea is good, but who will pay for it? Hopefully, it won't fall below $70,000. What do you think? #Bitcoin #Trump #Crypto #BTC

Expand The US government has already seized 328,000 Bitcoins, worth over $30 billion. These primarily originate from the Silk Road, Bitfinex hack, and the record-breaking seizure (nearly 130,000 Bitcoins) in October 2025 from Chen Zhi's Prince Group. 💬Cathie Wood (@CathieDWood): The US government may "directly buy" Bitcoin to bolster its national strategic reserves ARK Invest founder Cathie Wood stated that the US government may begin directly purchasing Bitcoin to bolster its national strategic Bitcoin reserves, rather than solely relying on assets seized by law enforcement. In a recent episode of the "Bitcoin Brainstorm" podcast, Wood pointed out, "Although the Trump administration has established a national Bitcoin reserve through executive order, so far the reserve's source has been limited to seized Bitcoins, without any market purchases of 1 million Bitcoins. So I think they will eventually start buying," Wood said. She believes that Trump's continued focus on cryptocurrency under midterm election pressure is beneficial for the Bitcoin strategic reserve. On one hand, Trump and his family's interests in the crypto industry are deepening; on the other hand, the crypto community played a significant role in his presidential victory. "He doesn't want to be a 'lame duck president,' he wants one or two more productive years in office, and he sees crypto as a path to the future," Wood said. The report states that the Trump administration has signed several executive orders establishing a Bitcoin reserve and a crypto asset inventory, and formed a crypto and AI working group led by David Sacks to promote industry legislation, including the GENIUS Act (stablecoin legislation).

Expand ARK Invest founder Cathy Wood stated that cryptocurrency was part of the reason Donald Trump won the presidential election and remains a politically significant issue ahead of the upcoming midterm elections. She added that the U.S. Strategic Bitcoin Reserve currently consists primarily of confiscated assets, but its initial goal is to hold 1 million bitcoins, with the possibility of launching direct purchases in the future.

Expand Cathie Wood, founder of ARK Invest, stated that cryptocurrency was part of the reason Donald Trump won the presidential election and remains politically significant ahead of the upcoming midterm elections. She noted that the U.S. strategic Bitcoin reserve currently primarily comes from judicially seized assets, but the initial goal was to hold 1 million Bitcoins, with the possibility of future direct purchases. This strategic reserve was established by executive order, managed by the Treasury Department, and is considered a national strategic asset similar to gold reserves. (The Block)