BNB falls below the $900 mark

[Vitalik Buterin Hopes X Algorithm Open Source Mechanism Will Be Verifiable and Replicable] Ethereum co-founder Vitalik Buterin posted in response to Musk's announcement of plans to open source the new X algorithm within 7 days and repeat the process every 4 weeks. He stated that if executed properly, this is a good strategy. He hopes the mechanism will be verifiable and replicable, noting that while it cannot solve all problems, it can effectively address public demands for algorithm transparency. Additionally, he pointed out that the 4-week interval might be too aggressive, as the algorithm would require frequent adjustments to prevent users from exploiting loopholes. He also mentioned that he proposed a 1-year cycle plan in a recent article.

[ETH Swing Whale Sells Off 3,000 ETH, Estimated Profit of $525,000] On-chain data shows that address 0xDBc...F651F opened a position of 3,000 ETH at a price of $3,102.36 on December 25, 2024, with a total value of approximately $8.78 million. One hour ago, this address transferred all of these ETH to Binance, suspected to have sold off at a price of $2,927.32. Holding the position for three weeks, the estimated profit is $525,000.

[A-share precious metals sector opens higher, Hunan Silver rises over 5%] The A-share precious metals sector collectively opened higher, with Hunan Silver rising over 5%, Zhaojin Mining rising over 3%, and multiple stocks such as Zhongjin Gold and Chifeng Gold following suit. Spot gold broke through $4,600 for the first time, accumulating a $280 increase in the first month of the new year, while spot silver hit a new historical high again.

[The People's Bank of China conducts a 7-day reverse repo operation of 86.1 billion yuan] The People's Bank of China conducted a 7-day reverse repo operation of 86.1 billion yuan today, with a bidding amount of 86.1 billion yuan, a transaction amount of 86.1 billion yuan, and an operating interest rate of 1.40%, unchanged from the previous rate.

[PhotonPay Completes Tens of Millions of Dollars in Series B Financing, Led by IDG Capital] Stablecoin payment infrastructure provider PhotonPay announced the completion of tens of millions of dollars in Series B financing, led by IDG Capital, with participation from Hillhouse Investment, Enlight Capital, Lightspeed Faction, and Shoplazza. Blacksheep Technology served as the exclusive financial advisor. The company did not disclose its valuation. The funds will be used to expand stablecoin payment channels, recruit key talent, and strengthen global regulatory compliance efforts, with a focus on the U.S. and certain emerging markets. Founded in 2015, PhotonPay currently operates 11 centers worldwide with a team of over 300 employees. Its "stablecoin-native" clearing and settlement infrastructure has an annualized payment processing volume exceeding $30 billion and has established partnerships with financial institutions such as JPMorgan Chase, Circle, Standard Chartered Bank, DBS Bank, and Mastercard. The company plans to launch enterprise value-added services starting in 2026, including idle fund yield treasury products and flexible credit tools.