TL;DR

• BTC briefly fell below $90,000 before quickly rebounding to around $95,000.
• Solana’s total gas fees over the past 7 days reached $32.23 million, approximately 20% higher than Ethereum’s.
• Eclipse’s TVL rose to $23.31 million, a 7-day increase of 173%.
• Bitcoin exchange reserves dropped to 2.35 million BTC, a near seven-year low.
• Web3 cybersecurity company GoPlus announced its GPS token will have its TGE on January 16.
• Usual announced that its 1:1 early unstaking feature will go live on January 14.

Market Analysis

• BTC — Yesterday, BTC briefly fell below $90,000, hitting a low of $89,261.4 before quickly rebounding to around $95,000, forming a clear V-shaped recovery with a fluctuation of about 7%. In the short term, $90,000 serves as a key support level, and the rebound after retesting this level was accompanied by a trading volume of approximately 614 BTC, indicating some buying strength in this support zone. From a broader trend perspective, although BTC briefly dipped below $90,000, its rapid recovery and return above $95,000 highlight the strong support around the $90,000 level. [1]

• ETH — Yesterday, ETH broke below the critical support level of $3,000, dipping to a low of $2,919 before quickly rebounding to around $3,160, with a peak at $3,339. The price fluctuated over 12%. Although ETH briefly fell below $3,000, it quickly recovered, maintaining the validity of $3,000 as a major support level. Moving forward, it will be crucial to observe whether this support can hold. In the short term, the key resistance for ETH lies at $3,160, which was the level it failed to surpass during the rebound. If ETH can break and stabilize above $3,160, this level may flip to support, with further targets between $3,300 and $3,350. [2]

• ETF — On January 14, Bitcoin ETFs saw a net outflow of $284 million [3], while Ethereum ETFs had a net outflow of $39.43 million [4].
• Altcoins — The AI Framework, AI Meme, and Pump.fun Ecosystem sectors showed respective changes of +11.6%, +4.7%, and +2.8% [5].
• U.S. Stock Market Indices — The S&P 500 rose 0.16%, the Dow Jones gained 0.86%, while the Nasdaq dropped 0.30% [6].
• Spot Gold — Spot gold prices reached $2,670.94 per ounce, with a daily increase of 0.28% [7].
• Fear & Greed Index — The Fear & Greed Index registered 63, indicating the market is currently in a state of greed [8].

Top Performers

Based on Gate.io market data [9], the top-performing altcoins over the last 24 hours, measured by trading volume and price changes, are as follows:

FARTCOIN (Fartcoin) — Single-day increase of approximately 36.46%, with a circulating market cap of $1.08 billion.
Fartcoin is a project that leverages the “Terminal of Truth” for conversational exploration. By identifying contextual information in chat rooms, users can observe two AIs engaging in thematic discussions. The project’s primary aim is to explore the boundaries of AI and assess its ability to deliver surprising results without any constraints. Recently, the Fartcoin community collaborated with several KOLs to actively promote and sustain its culture, attracting more investor attention and driving its price upward. [10]

AVAAI (AVA) — Single-day increase of approximately 26.24%, with a circulating market cap of $262 million.
AVA is the first flagship AI agent launched by Holoworld AI, a platform that creates audiovisual AI agents via video. Holoworld has partnered with over 25 IP/NFT brands, creating more than 10,000 3D virtual avatars, including Anata, Milady, Pudgy Penguins, Mike Shinoda, and L’Oreal. The project has backing from Polychain, Nascent, and Arthur Hayes (current VP of Engineering at OpenAI).
The launch of Holoworld’s AI agent marketplace has refocused the market on AI agent narratives. Meanwhile, the first $AVAAI token burn, involving 10,000 tokens, was conducted to establish AI credit. These positive developments have contributed to the token’s steady price appreciation.[11]

BUZZ (Hive AI) — Single-day increase of approximately 24.60%, with a circulating market cap of $67.58 million.
BUZZ is an AI-powered DeFi aggregator based on the Solana ecosystem, aimed at delivering innovative solutions. As a participant in the Solana AI Hackathon, BUZZ integrates multiple DeFi protocols via smart contracts to provide a one-stop DeFi service platform.
BUZZ has announced a partnership with Metis, showcasing how GameFi, memes, and community initiatives contribute to the Metis ecosystem through BEES. The launch of its ambassador program has attracted numerous KOL users, increasing its visibility and driving its price upward. [12]

Data Highlights

Solana’s Total Gas Fees in the Past 7 Days Surpass Ethereum
In the past 7 days, Solana’s total gas fees reached $32.23 million, approximately 20% higher than Ethereum’s total gas fees. Firstly, Solana’s user growth and retail adoption are increasing, particularly in anticipation of a potential ETF launch in the United States, which could further drive its growth. Secondly, the Solana network, with its low transaction costs and high throughput, has attracted a significant number of developers and users, especially given Ethereum’s high gas fees. Additionally, meme coin trading within the DEX volume on Solana has played a crucial role, significantly boosting on-chain activity and revenue in the short term. Lastly, capital inflows, competition from alternative protocols, and reactions to Ethereum’s high gas fees may prompt users to shift to Solana, increasing network demand and transaction volume, further enhancing its activity. These factors collectively contributed to Solana’s gas fees surpassing Ethereum’s over the past 7 days【13】.

Bitcoin Exchange Reserves at a Nearly 7-Year Low
As of January 14, total Bitcoin reserves across all cryptocurrency exchanges have dropped to 2.35 million BTC, the lowest level since June 2018, when Bitcoin was trading above $7,000. According to Bitwise’s Head of Research, André Dragosch, the decline in exchange-held Bitcoin may be attributed to institutional buyers taking advantage of discounted prices. This reduction in Bitcoin supply on exchanges could signal an upcoming price rally driven by a “supply shock,” where strong buyer demand meets diminished supply, pushing prices upward. [14]

Eclipse TVL Reaches $23.31 Million, Setting a New All-Time High
Eclipse’s total value locked (TVL) surged to $23.31 million, marking a 7-day increase of 173%. Notably, Orca accounted for nearly 50% of the TVL, while Astrol’s TVL reached $4.76 million, with a 7-day growth of 69.63%.

Eclipse is a customizable modular rollup platform using Ethereum for settlement and the Solana Virtual Machine (SVM) for execution. The recent promotion of Sonic SVM and Solayer, two Solana Layer 2 projects that held official TGEs, has significantly boosted interest in the SVM sector. This renewed attention has drawn more investors and on-chain users to Eclipse, which has not yet conducted its TGE, leading to a steady increase in staking volume. [15]

Spotlight Analysis

GoPlus to Launch GPS Token with TGE on January 16
Web3 cybersecurity company GoPlus announced that its GPS token will undergo a TGE (Token Generation Event) on January 16, 2025. Details regarding airdrop rules and eligibility criteria will be released on January 15, 2025, with all GPS token-related updates provided by the GoPlus Foundation. GoPlus aims to enhance on-chain security by filling the gap in the blockchain architecture’s security layer, creating a safer and more user-friendly Web3 interaction environment.

In December 2024, GoPlus unveiled its tokenomics and registered its foundation account, setting a tentative timeline for the token launch. Of the total supply, 10% is allocated for community airdrops, 24.67% for community development, and 7% for liquidity provision. [16]

Usual to Launch 1:1 Early Unstaking Feature on January 14
According to Usual’s official announcement, income conversion for USUALx holders was activated on January 13. Users holding USUALx positions this week will be eligible for last week’s collateral income distribution. In the Usual ecosystem, the income redistribution process is transparent and straightforward: 90% of the USUAL token supply is allocated to the community, and 100% of collateral income is distributed weekly to USUAL stakers as USD0 rewards.

Detailed documentation on the distribution mechanism will be released this week. A new staking mechanism is set to launch soon, aiming to create a more autonomous and streamlined redistribution system. Weekly reports will also be published to enable everyone to verify on-chain income. [17]

U.S. SEC Fines Financial Firms Over $100 Million, Robinhood Pays the Highest Penalty
Online brokerage Robinhood has agreed to pay a $45 million fine, the highest among the penalties announced by U.S. regulators on Monday, which targeted financial firms including Blackstone and KKR subsidiaries. In total, the SEC disclosed fines exceeding $100 million.

On January 13, the SEC announced that 12 investment advisers and broker-dealers agreed to pay over $63 million to settle record-keeping violations stemming from the use of unauthorized communication systems. [18]

Funding News

According to RootData, January 14, 2025, saw 1 funding round and 2 acquisitions in the blockchain and Web3 industry [19], with a total funding amount of $8.5 million and acquisition deals totaling $325 million. The details are as follows:

Helio — Web3 payment platform Helio was acquired by Moonpay for $175 million.
Helio is a Web3 payment platform enabling merchants, dApps, and creators to securely and conveniently accept decentralized crypto payments on Solana, Ethereum, and Polygon. The platform allows direct payments from customers without intermediaries and at low costs.

Alterya — Web3 security platform Alterya was acquired by Chainalysis for $150 million.
Alterya helps crypto service providers protect their users and prevent authorized fraud by detecting sophisticated scams targeting real users. Its wallet threat intelligence bridges on-chain and off-chain signals, enabling institutions to effectively reduce fraud and disputes, while enhancing trust and mitigating reputational risk.

Alpen Labs — Ethereum Layer 2 network Alpen Labs completed a strategic funding round of $8.5 million, with investment from Cyber Fund and DBA. \
Alpen Labs is a zero-knowledge scaling solution for Bitcoin technology. The platform builds infrastructure to enable broader Bitcoin adoption and pioneers an era of trustless and verifiable computation.

Airdrop Opportunities

Pond —— Pond, dedicated to democratizing access to models and data infrastructure, is empowering the entire crypto ecosystem to advance artificial intelligence in groundbreaking ways—from user behavior analysis to automated trading bots and address label classification. The $7.5 million strategic funding round was led by Delphi Ventures, Coinbase Ventures, and Archetype Ventures. [20]

How to Participate:

• Visit the official website.
• Register with your email.
• Complete available tasks to earn points.
• Track your progress on the leaderboard.

Note:
The airdrop plan and participation methods are subject to change. Users are encouraged to follow Pond’s official channels for the latest updates. Additionally, participants should exercise caution, assess risks, and conduct thorough research before participating. Gate.io does not guarantee the issuance 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. Sosovalue,https://sosovalue.com/zh/assets/etf/us-btc-spot
4. Sosovalue,https://sosovalue.com/zh/assets/etf/us-eth-spot
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/FartCoinOfSOL
11. X,https://x.com/AVA_holo
12. X,https://x.com/BuzzWeb3
13. Nansen,https://app.nansen.ai/macro/blockchains
14. CryptoQuant,https://cryptoquant.com/asset/btc/chart/exchange-flows/exchange-reserve?exchange=all_exchange&window=DAY&sma=0&ema=0&priceScale=log&metricScale=linear&chartStyle=line
15. Defillama,https://defillama.com/
16. X,https://x.com/GoPlusSecurity/status/1878731011510673729
17. X,https://x.com/usualmoney/status/1878821390713073688
18. Financial Times,https://www.ft.com/content/781f1720-62f9-4aff-9b53-7d036a8f1309
19. Rootdata,https://www.rootdata.com/Fundraising
20. Pond,https://cryptopond.xyz/

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