TL;DR

• Bitcoin price rises by 2.43% to $97,180.9, Ethereum price increases by 2.48% to $3,230.84.
• Lido’s transaction fees surpass $2.14 billion, with revenue exceeding $213 million.
• USDC mints an additional 50 million tokens as demand for stablecoins continues to rise.
• Bitcoin’s correlation with tech stocks reaches nearly 0.70, the highest in two years.
• Bio Protocol partners with YesNoError and Long COVID Labs to aid in long COVID research.
• Genius Group launches a $33 million warrant financing, with all funds allocated to Bitcoin reserves.

Market Analysis

• BTC — The price of BTC has increased by 2.43% in the past 24 hours, currently at $97,180.90. BTC is showing an upward trend today, with the price steadily following an ascending trend line. The short-term moving averages maintain a bullish arrangement, indicating a relatively optimistic market sentiment. The price is approaching the $97,500 resistance level, which has been tested multiple times without a successful breakout, suggesting strong resistance in this region. The MACD indicator shows a weakening bullish momentum, and there may be a risk of a pullback in the short term[1].

• ETH — The price of ETH has risen by 2.48% in the past 24 hours, currently priced at $3,230.84. ETH is also showing an upward trend today, but it has not reached the previous high of $3,338.58, indicating slightly weaker bullish sentiment compared to BTC. ETH is fluctuating between $3,200 and $3,250, with bulls attempting to break through the $3,250 resistance level but lacking sufficient momentum. Trading volume has been declining recently, and market sentiment is relatively cautious[2].

ETF — According to Farside Investors, on January 14, the total net inflow for the U.S. Bitcoin spot ETF was $9.7 million[3], and the total net inflow for the U.S. Ethereum spot ETF was $1.2 million[4].
Altcoins — The Virtuals Protocol Ecosystem, AI Framework, and Launchpad sectors have changed by +17.4%, +17.1%, and +12.1%, respectively[5].
U.S. Stock Indices — The S\&P 500 index rose by 0.11%, the Dow Jones index increased by 0.52%, and the Nasdaq index decreased by 0.13%[6].
Spot Gold — The price of spot gold is $2,672.58 per ounce, with a daily decline of 0.18%[7].
Fear and Greed Index — The Fear and Greed Index stands at 70, indicating that the market is in a state of greed[8].

Top Performers

According to Gate.io market data[9], based on trading volume and price performance over the past 24 hours, the top-performing altcoins as of 4:00 AM (UTC+0) on December 10 are as follows:

AIXBT (aixbt by Virtuals) — Daily increase of approximately 38.13%, circulating market cap of $542 million.
AIXBT is an AI-driven cryptocurrency market intelligence platform designed to give holders a competitive edge in the crypto market. The project utilizes advanced narrative detection and Alpha-level analytical techniques to automatically track and interpret market trends, providing users with actionable market insights[10]. Recently, AIXBT gained significant momentum after being listed on an exchange, sparking a short-term trading surge and capital inflow. Additionally, AI-related narratives remain a popular investment theme, with many AI tokens continuing to attract market attention through 2024 and into early 2025.

CBK (Cobak) — Daily increase of approximately 41.75%, circulating market cap of $108 million.
Cobak is a cryptocurrency community platform based on applications, focused on community participation and user interaction. It facilitates communication between crypto investors and crypto projects by managing equal community permissions[11]. Recently, Cobak launched an airdrop campaign to celebrate the release of new features on its app. The airdrop not only attracted a large number of participants, boosting community activity, but also significantly increased market attention towards the CBK token. In the short term, the surge in demand for airdropped tokens led to a rise in CBK’s price.

MIGGLES (Mister Miggles) — Daily increase of approximately 54.52%, circulating market cap of $69 million.
MIGGLES is a meme token derived from the mascot Mr. Miggles, primarily focused on the Web3 community and meme culture[12]. Recently, MoonDAO announced the “Memes to the Moon” mission, which will take multiple meme tokens, including MIGGLES, to the moon. This initiative has significantly increased market interest in meme culture tokens, driving community engagement and boosting trading activity, fueling a wave of market hype.

Data Highlights

Lido’s Transaction Fees Exceed $2.14 Billion, with Revenue Surpassing $213 Million
Currently, Lido’s cumulative transaction fees have exceeded $2.14 billion, with actual revenue reaching $213 million, demonstrating its ongoing growth in the liquid staking sector. According to the chart, Lido’s transaction fees have been steadily increasing since the beginning of 2024, largely benefiting from the rising demand for Ethereum 2.0 staking and the continuous growth of its user base. Although Lido has generated substantial fees, its revenue share is relatively small, at only about 10%. This is primarily because the protocol needs to allocate earnings to node operators while also supporting the long-term development of the protocol. As a leader in decentralized staking, Lido’s expansion across multiple Layer 2 solutions has attracted more liquidity, accelerating ecosystem growth[13].

USDC Mints Another 50 Million Tokens, Indicating Continued Strong Demand for Stablecoins
USDC Treasury has minted an additional 50 million USDC on the Ethereum blockchain, indicating that market demand for stablecoins remains strong. As the second-largest USD-pegged stablecoin by market cap, USDC is widely used on both the Ethereum mainnet and Layer 2 ecosystems. Its new issuance also reflects the ongoing development in the DeFi and Web3 sectors. Given the recent fluctuations in the crypto market, the minting of stablecoins is interpreted by the market as a signal of capital inflows, which may indicate that the market could experience new growth in the future[14].

Bitcoin’s Correlation with Tech Stocks Nears 0.70, Reaching a Two-Year High
The correlation between Bitcoin and U.S. tech stocks has recently reached its highest level in two years, with a 30-day correlation coefficient approaching 0.70. This suggests that the cryptocurrency market may be influenced by the upcoming U.S. CPI data. If the CPI data shows that inflationary pressures persist, combined with uncertainty around Trump administration policies and expectations of a Federal Reserve rate cut, market sentiment could become more cautious, affecting both Bitcoin and tech stocks. Additionally, rising U.S. Treasury yields and a strengthening dollar may also exert pressure on risk assets[15].

Spotlight Analysis

Bio Protocol Partners with YesNoError and Long COVID Labs to Accelerate Long COVID Research
Bio Protocol has announced a collaboration with DeSci AI agent YesNoError and the non-profit organization Long COVID Labs to accelerate research on Long COVID using DeSci technology. YesNoError’s AI agent will read and analyze all COVID-related research papers and assist Long COVID Labs in completing three key tasks: identifying research errors, searching for potential drug targets for treating Long COVID, and improving the accessibility of research data. This partnership marks a significant step forward in applying DeSci AI in biomedical research and is expected to provide scalable research solutions for other BioDAO organizations and the Bio Network[16].
This collaboration highlights the potential of DeSci and AI in biomedical research. By leveraging AI to analyze massive amounts of research data, combined with BioDAO research processes, it can significantly improve research efficiency and reduce human errors. AI’s involvement, particularly in diseases still in the exploratory stage, could help uncover new treatment options.

Bubblemaps Launches Official Platform Token BMT
The on-chain data visualization platform Bubblemaps has announced the launch of its official platform token, $BMT, with a total supply of 1 billion tokens, to be issued on the Solana blockchain. The BMT token will power the newly launched Intel Desk, a community-driven on-chain investigation platform. Users will be able to use BMT to submit investigation cases, vote on priority, and allocate on-chain resources for in-depth analysis of on-chain transaction data. Additionally, BMT will unlock a series of advanced features for Bubblemaps V2, including profit and loss calculations, cross-chain data analysis, a visual map of the top 1,000 holders, and AI-driven analysis of on-chain cluster relationships[17].
Through the launch of the $BMT token, Bubblemaps strengthens its ability to analyze on-chain data and foster community participation. The introduction of the Intel Desk platform makes on-chain investigations more transparent and democratized, providing powerful data analysis tools for the Web3 ecosystem.

Genius Group Launches $33 Million Rights Offering, All Funds to be Used for Bitcoin Reserves
Genius Group has announced that its board of directors has approved a $33 million rights offering, with 100% of the raised funds allocated to purchasing Bitcoin to expand the company’s Bitcoin reserves. Each shareholder will receive transferable rights based on their shareholding ratio, allowing them to subscribe for common shares at a price of $0.50 per share, with additional oversubscription rights. The offering will be conducted on the NYSE American market, with the rights trading starting on January 23 and ending on February 13[18].
Genius Group’s “Bitcoin-first strategy demonstrates its long-term belief in the value of Bitcoin as a corporate asset reserve. This rights offering not only helps strengthen its Bitcoin reserves but could also attract more cryptocurrency investors.

Funding News

According to RootData, in the past 24 hours, three projects announced they have secured funding, with a total of $84 million raised across CeFi, DeFi, and other sectors. The largest single funding round reached $58 million. Below are the details of the funding:[19]

SYNTHR — SYNTHR completed a $10 million funding round, with investors including Kronos, NGC Ventures, and others. SYNTHR is a multi-chain interoperable synthetic asset protocol that allows users to create, manage, and trade synthetic assets between DeFi and traditional finance. These assets can represent various financial instruments such as stocks, bonds, real estate, and forex. Built on LayerZero, it offers cross-chain interoperability, enabling seamless interaction of assets across different blockchains[20].

Sygnum — Sygnum completed a $58 million funding round, with investors including Fulgur Ventures, Animoca Brands, and others. Sygnum is a Swiss-based cryptocurrency bank that focuses on providing digital asset management, brokerage, lending, and tokenization services to institutions and accredited private investors. It operates similarly to traditional banks but primarily manages digital assets like Bitcoin rather than fiat currencies, aiming to bridge the gap between crypto finance and traditional finance[21].

Dfns — Dfns completed a $16 million funding round, with investors including ADQ, Wintermute, and others. Dfns is a Paris-based crypto wallet technology company that develops secure digital asset wallet solutions for large enterprises. Its technology enables institutions such as banks, exchanges, and retailers to easily build and integrate crypto wallets to support the storage, trading, and management of digital assets[22].

Airdrop Opportunities

Kern Protocol

Kern is a protocol focused on enhancing privacy on Solana, aiming to address the data exposure risks caused by the transparency of current public blockchains. Kern Protocol introduces private transactions and exchanges, allowing Solana users to have full control over their data without compromising overall transparency. Its core component, Kover AI, monitors and optimizes the privacy security of the protocol, ensuring it stays ahead in the ever-evolving blockchain environment. This solution not only makes the Solana ecosystem more inclusive but also drives its development towards a more decentralized, permissionless, and privacy-focused future[23].

$KERN, the native token of the Kern Protocol, is primarily used to pay transaction fees and provides multiple benefits to users. Compared to using SOL, paying with $KERN reduces transaction fees while enhancing privacy protection, making transaction details more difficult to trace. Additionally, the Kern Protocol has an incentive mechanism that encourages users to actively use $KERN within the ecosystem to earn extra rewards and benefits.

How to Participate:

1. Keep your wallet active.
2. Have previously used Jupiter, Solend, Drift, or Jito.
3. Hold tokens such as PENGU, BONK, or be a member of selected NFT communities.
4. Follow @KernProtocol to stay updated with the latest news and announcements.

Note: The airdrop plan and participation methods may change at any time. Users are encouraged to follow Kern Protocol’s official channels for the most current information. At the same time, users should exercise caution, be aware of the risks, and conduct thorough research before participating. Gate.io does not guarantee the distribution of future airdrop rewards.


Reference：

1. Gate.io,https://www.gate.io/trade/BTC_USDT
2. Gate.io,https://www.gate.io/trade/ETH_USDT
3. Farside Investors,https://farside.co.uk/btc/
4. Farside Investors,https://farside.co.uk/eth/
5. CoinGecko,https://www.coingecko.com/en/categories
6. Investing,https://investing.com/indices/usa-indices
7. Investing,https://investing.com/currencies/xau-usd
8. Gate.io,https://www.gate.io/bigdata/homeindex
9. Gate.io,https://www.gate.io/price
10. X,https://x.com/aixbt_agent
11. X,https://x.com/CobakOfficial/status/1877591475187494918
12. X,https://x.com/MrMigglesOnBase/status/1879190989707055408
13. defillama,https://defillama.com/protocol/lido?mcap=false#fees-revenue
14. whale-alert,https://whale-alert.io/transaction/ethereum/0xc79680caa14fb1ef986a5670ce102b5b60b868707714e274241478d91102495a
15. Bloomberg,https://www.bloomberg.com/news/articles/2025-01-15/bitcoin-btc-nasdaq-100-correlation-at-two-year-high-before-us-cpi
16. X,https://x.com/bioprotocol/status/1878925563513184750
17. X,https://x.com/bubblemaps/status/1879166357134012675
18. globenewswire,https://www.globenewswire.com/news-release/2025/01/14/3009406/0/en/Genius-Group-announces-33-Million-Rights-Offering-to-increase-Bitcoin-Treasury.html
19. Rootdata,https://www.rootdata.com/Fundraising
20. X,https://x.com/synthr_io/status/1879084416729002138
21. Fortune,https://fortune.com/crypto/2025/01/14/crypto-bank-sygnum-achieves-unicorn-status-with-new-funding-round-that-gives-it-a-valuation-of-1-billion/
22. Bloomberg,https://www.bloomberg.com/news/articles/2025-01-14/abu-dhabi-backed-vc-firm-invests-in-crypto-tech-startup-dfns
23. X,https://x.com/KernProtocol/status/1876734526874964047

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Investing in the cryptocurrency market involves high risk, and it is recommended that users conduct independent research and fully understand the nature of the assets and products they are purchasing before making any investment decisions. Gate.io is not responsible for any losses or damages caused by such investment decisions.