The US stock market closed with mixed gains and losses, with the Nasdaq closing down 0.05%
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At the close of the US stock market, the Dow Jones Industrial Average rose 0.07%, the Nasdaq fell 0.05%, and the S&P 500 index fell 0.04%.
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At the close of the US stock market, the Dow Jones Industrial Average rose 0.07%, the Nasdaq fell 0.05%, and the S&P 500 index fell 0.04%.
[X Product Lead Claims Crypto Tweets Are Self-Destructive, Sparking Controversy Before Deleting Post] Nikita Bier, X Product Lead and Solana Advisor, posted on the X platform stating that since October last year, the crypto tweet community has popularized account growth through mass replies. However, frequent posting depletes daily influence, as average users only browse about 20–30 posts per day. This has led some crypto users to excessively consume their influence in low-value interactions, reducing the reach of project announcements. He believes the decline in crypto tweet influence stems from community behavior rather than platform algorithms, describing it as 'crypto tweets heading toward decline through self-destruction.' The remarks sparked controversy, with LedgArt co-founder KALEO calling for his resignation. Nikita Bier has since deleted the related post.
[Willy Woo: Japan to Classify Bitcoin as a Financial Product, Potentially Stimulating Buying Pressure] Analyst Willy Woo stated that Japan will classify Bitcoin as a financial product this year, which will incentivize Japanese citizens to purchase Bitcoin. The tax rate on Bitcoin earnings or transactions will be reduced to 20%, instead of the marginal income tax rate (43-55% for annual income exceeding $57,000). Metaplanet will lose its tax arbitrage advantage compared to self-custody of Bitcoin. Additionally, approximately 110 cryptocurrencies are included, with staking rewards taxed at the marginal rate. Earlier reports indicated that Japan's Financial Services Agency may introduce cryptocurrency regulatory reforms in April 2026, redefining categories of crypto tokens like Bitcoin and Ethereum as financial products.
[Bitmine Stakes Another 86,400 ETH, Total Value $266.3 Million] On January 11 (UTC+8), according to Onchain Lens monitoring, Bitmine staked another 86,400 ETH, with a total value of $266.3 million. As of now, Bitmine has staked a total of 1,052,192 ETH, with a total value of $3.25 billion.
[Polymarket data shows the probability of the U.S. attacking Iran before the end of January rises to 46%] On January 11, according to Polymarket data, the probability of the 'U.S. attacking Iran before the end of January' has risen to 46%, while the probability of the 'U.S. attacking Iran before the end of March' has risen to 62%. This morning's news indicates that U.S. President Trump has been briefed on strike plans against Iran but has not yet made a final decision. Meanwhile, the Pentagon Pizza Index saw a significant increase overnight.
[CryptoQuant CEO Says Crypto Tweets on X Platform Blocked Due to Surge in Bots] CryptoQuant CEO Ki Young Ju stated that on January 10, bots on the X platform generated 7,754,367 crypto-related posts, a 1,224% increase, causing posts related to 'cryptocurrency' to be blocked by the X platform's algorithm.