Benchmark maintains a buy rating on MSTR with a target price of $650

[U.S. Senate Passes Resolution to Limit Trump's Military Action Capability on Venezuela] On January 9, the U.S. Senate passed a war powers resolution with a vote of 52 to 47, limiting Trump's ability to take military action against Venezuela.

[TrueBit Suspected of Being Attacked, Losing 8,535 ETH] On January 9, on-chain data showed that the blockchain computation scaling protocol TrueBit was suspected of being attacked, resulting in the loss of 8,535 ETH, approximately $26.4 million.

[BTC Rebounds to $90,500 but Faces Resistance at $95,000] After testing the $89,200 support level, BTC rebounded to $90,500, with this support level aligning with the 50-day moving average. Wintermute's Head of OTC Trading, Jake Ostrovskis, stated that the market failed to break through the critical $95,000 level, with the past two trading days primarily driven by ETF outflows. Derivatives data shows an increase in market leverage, with the total open interest in BTC futures and options climbing to nearly 700,000 BTC, marking a three-week high and an increase of approximately 75,000 BTC since the beginning of the year. Perpetual futures funding rates remain at a positive value of around 0.09%, with long positions paying fees to short positions to maintain exposure. Traders may be using leverage to buy the dip, increasing the risk of long liquidations.

[U.S. Inflation Expectations Rise, Employment Outlook Worsens] The New York Fed's monthly survey shows that in December 2022, U.S. consumers expect prices to rise by 3.4% over the next year, up from 3.2% in November. The estimated probability of finding a new job after unemployment dropped to 43.1%, the lowest level since the survey began in 2013. These data reflect the divergence among Federal Reserve officials regarding inflation and unemployment rate risks, which may influence the interest rate adjustments at the policy meeting later this month.

The Supreme Court of South Korea has ruled that Bitcoin stored on exchanges can be legally seized. （Decrypt）