There are several key events in the crypto market today worth noting.

On the policy front, the main Wall Street trade organization SIFMA held a private meeting with DeFi and crypto industry representatives to discuss disagreements over the Senate's Crypto Market Structure Bill, making substantial progress on DeFi regulation clauses. Meanwhile, Grayscale's BNB ETF has completed registration in Delaware, further promoting the compliance of mainstream assets. In derivatives, Deribit data shows approximately $2.22 billion in Bitcoin and Ethereum options will expire today, potentially triggering market volatility.

From a macroeconomic perspective, JPMorgan's latest report indicates that the recent sharp sell-off in the crypto market may be nearing its end. Analyst Nikolaos Panigirtzoglou stated that fund outflows from Bitcoin and Ethereum ETFs have stabilized since early January, and futures market positioning indicators suggest investors have largely completed their de-risking behavior by the end of 2025. The gold market also performed well, with a 4% increase in December, driving an annual growth of 67%, showing that demand for risk assets remains strong.

Data shows that for the week ending January 3, the US initial jobless claims were 208,000, slightly below the expected 210,000, reflecting resilience in the labor market. On-chain data indicates that in the past 24 hours, the total liquidation in the crypto market reached $415 million, with long positions liquidated at $337 million, approximately $128 million in Bitcoin and $98 million in Ethereum. In the US stock market, the Dow Jones rose by 0.55%.