Key Market Intelligence on January 19th, how much did you miss out on?
Top News
3. 2025 Perp DEX Annual Rankings, Hyperliquid Leads in Trading Volume, Aster Tops Web Traffic
4. Privacy Sector Now in a Rally, DUSK Surges Over 120% in a Single Day
Featured Articles
1. "Opening Expected to Drop 75%, Perhaps the First Project to Be Litigated This Year"
Trove once had a perfect narrative. As a Perp DEX focusing on collectibles and RWAs, Trove claimed to be able to transform illiquid "cultural assets" such as Pokémon cards, CSGO skins, and luxury watches into tradable financial assets, providing collectors with a hedging venue. However, in just ten days, the Trove team staged a drama through a series of jaw-dropping operations. And by the way, emptied the pockets of the onlookers.
By 2025, the power structure of the crypto market underwent a new round of reshuffling in the face of data dynamics. Against a backdrop of price volatility and policy expectations, CEX spot trading demand saw a slight recovery, increasing by 3.6% year-on-year; the increase in futures trading volume was more significant, rising by 27%, with HTX and Kucoin both seeing over 60% growth compared to last year. Binance continued to maintain its industry-leading position, with a spot trading volume of around $73 trillion and a futures trading volume of over $270 trillion, roughly equal to the sum of the second to fourth places. Overall, futures trading volume far exceeded spot trading volume and remained the core business of CEX.
On-chain Data
Weekly on-chain fund flow as of January 19

You may also like

Ray Dalio's new article: The world is entering a war cycle

IOSG: When Fintech Meets Crypto Native: The Next Decade of Digital Finance

They knew in advance that Trump would tweet about a ceasefire, entered with $20k, and exited with $400k.

The biggest bottleneck in DeFi development

CZ Memoir Released: Reveals a Large Amount of Industry Insider Information, Prompting Intense Rebuttal from Xu Mingxing

a16z: After securities are on the blockchain, why will intermediary institutions be replaced by code?

XRP Tokyo Is Here: What We Learn and What’s Next for XRP Price
Key Takeaways: Ripple’s 2025 XRP Tokyo event highlights a projected $33 trillion on-chain stablecoin volume by 2026. Significant…

Solana’s Future: Navigating the $285M Hack, Rug Pulls, and Milei Libra Scandal
Key Takeaways: Multiple Crises: Solana faces a $285 million hack, allegations of rug pulls, and the Milei Libra…

BTC USD Faces Tension: Markets React to Trump’s Dire Warning
Key Takeaways: Bitcoin’s price drops sharply below $70,000 amid geopolitical tensions, playing off Trump’s dramatic 8 PM ultimatum…

Bitcoin Price Surge: Ceasefire Sparks Optimism Hits $71K
Key Takeaways: After the US-Iran ceasefire announcement, Bitcoin surged beyond $71,000, marking its highest in a month. A…

Ethereum Price Forecast: Record $180 Billion Stablecoin Supply Marks Buyers’ Return
Key Takeaways: Ethereum’s stablecoin supply has surged to a record $180 billion, marking a 150% increase over the…

Emerging Evidence Links Argentina’s Milei to LIBRA Crypto Scandal
Key Takeaways: Evidence unveiled by Argentina’s federal prosecutors links President Javier Milei to the LIBRA token through call…

US Spot Bitcoin ETFs See Surge as BTC Nears $70K; LiquidChain and Layer-3 DeFi Rise
Key Takeaways: U.S. spot Bitcoin ETFs absorbed $471 million in a single day, moving BTC closer to the…

Bitcoin Price Prediction: Decoupling from Tech Stocks, Shaped by Geopolitics and AI Turmoil
Key Takeaways: Bitcoin is decoupling from tech stocks as geopolitical tensions and AI crises reshape the market, currently…

Chaos Labs Departure Leaves Aave Without Risk Management Amidst Governance Conflict
Key Takeaways: Aave, with a $50 billion TVL, is currently operating without a risk manager due to Chaos…

Grayscale Ethereum ETF Staking: A New Catalyst for $5,700?
Key Takeaways: Grayscale’s Ethereum Staking ETF introduces a yield-bearing structure that could significantly reshape investor sentiment. Ethereum’s price…

Polygon Crypto Enhances Finality Through the Giugliano Hardfork
Key Takeaways: Polygon’s Giugliano hardfork is operational on the mainnet, effectively reducing transaction finality by 2 seconds. The…

Senate’s Three-Week Deadline: Ripple XRP and the CLARITY Act’s Critical Moment
Key Takeaways: The Senate Banking Committee’s decision on the CLARITY Act in late April could define XRP’s future…
