The key issues for encryption legislation in the United States in 2025 include the stablecoin bill and FIT21 bill

The departure of SEC Commissioner Caroline Crenshaw is seen as potentially paving the way for more crypto-friendly policies. What to know : XRP surpassed $2 for the first time since mid-December, driven by steady ETF inflows and a favorable U.S. regulatory outlook. U.S. spot XRP ETFs saw inflows of $13.59 million on Jan. 2, totaling $1.18 billion since launch. The departure of SEC Commissioner Caroline Crenshaw is seen as potentially paving the way for more crypto-friendly policies.

[Whale earns $3.2 million from ZEC trade, then loses $1.6 million shorting] According to Onchain Lens data, a whale closed a long position in ZEC, earning $3.2 million, then opened a short position in ZEC and closed it with a $1.6 million loss, losing half of the previous profit. Additionally, the whale previously lost $7.7 million in Bitcoin trades, bringing the total cumulative loss to $5.56 million.

[10x Research: Structural Rebound Signals May Emerge in the Market] On January 3, 10x Research posted on social media, stating that Bitcoin's dominance is starting to decline, and its model has detected a critical turning point where the market shifts from defense to opportunity. The article pointed out that a broad collaborative validation pattern is forming between major cryptocurrencies and selected altcoins, with momentum effects, relative performance, and market participation beginning to resonate. The current environment is not a generalized bull market; traders need to focus on discipline, strategic rules, and active position management. Clear risk control will be key to profitability.

[Glassnode Indicates Market Exhibiting Prolonged Bear Market Characteristics] On January 3, Glassnode posted on social media that the slowdown in capital inflows coincides with long-term holders accelerating realized losses. The market structure is gradually emerging as prices fluctuate within a narrowing range, and the fatigue experienced by investors over time is intensifying, reflecting the typical characteristics of a prolonged bear market phase.

[Jeff Huang Closes Bitcoin and ZEC Long Positions with Weekly Profit Exceeding $1.5 Million] On-chain data shows that 'Machi Big Brother' Jeff Huang has closed all 40x leveraged Bitcoin long positions and ZEC long positions opened this morning, achieving a total weekly floating profit of $1.53 million. Currently, he still holds Ethereum and HYPE long positions, including a 25x leveraged Ethereum long position with 7,100 ETH held at an average entry price of $2,987, and a 10x leveraged HYPE long position that has been increased to 25,888.88 HYPE at an average entry price of $24.5.