2026-01-09 03:34:03

The regulatory framework for the crypto industry is accelerating its improvement. Recently, the main trade organization on Wall Street, SIFMA, held a private meeting with representatives from the DeFi and crypto sectors to discuss disagreements in the Senate's Crypto Market Structure Act, making substantial progress on DeFi regulatory provisions. This trend indicates that the decentralized finance sector, once considered a gray area, is gradually being incorporated into a standardized regulatory framework.

On the product ecosystem level, expansion continues. Grayscale's BNB ETF has completed registration in Delaware, providing institutional investors with a more standardized way to gain exposure to the currency. Meanwhile, the derivatives market remains highly active—approximately $2.22 billion worth of Bitcoin and Ethereum options on the Deribit platform will expire today, becoming a significant short-term market variable.

From a macro perspective, market sentiment is gradually recovering. JPMorgan's latest research report suggests that the recent sell-off cycle in the crypto market may be nearing its end. Analyst Nikolaos Panigirtzoglou emphasized that the outflows from Bitcoin and Ethereum ETFs stabilized in January, and positioning indicators in the futures market also show that investors' de-risking behavior has essentially completed by the end of 2025. The strong performance of the gold market also offers a reference for risk assets—according to the World Gold Council, gold recorded a 4% increase in December, with an annual growth rate of 67%.

The labor market remains steady. For the week ending January 3, initial unemployment claims in the US were 208,000, roughly in line with the expected 210,000. This data suggests that the resilience of the economic fundamentals still persists, supporting subsequent market trends.

From a technical perspective, over the past 24 hours, the total liquidation volume in the cryptocurrency market reached $415 million, with long positions liquidated at $337 million, reflecting ongoing risk release from leveraged positions.

BNB1.26%

BTC-0.39%

ETH-0.77%

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GrayscaleArbitrageur

· 01-09 04:04

Wow, did SIFMA really sit down to talk with DeFi? This is becoming a reality. --- BNB ETF registration completed, institutional money is really coming in. --- $2.2 billion options expiration, no messing around today. --- JPMorgan says the bottom is in, believe it or not, I only believe half. --- Over 400 million in liquidation, this is true price discovery. --- Gold has risen 67%, and now you’re thinking of buying coins? It’s a bit late, buddy.

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potentially_notable

· 01-09 04:04

Stricter regulation + institutional entry, this combined approach really feels different now, with fewer and fewer gray areas.

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ImpermanentSage

· 01-09 04:00

Wall Street is finally starting to take DeFi seriously. What does this mean? It means that those previously "non-compliant" projects will be integrated into the system. Whether it's good or bad depends on which side you're on. With regulation coming, the gray areas will disappear, institutions will flood in, and the era of retail investors' benefits may truly be over. 1.415 billion liquidation... Happy New Year again. Leveraged traders should finally learn their lesson. JPMorgan says the sell-off cycle is over, but how many times have I heard this kind of statement before? The registration of the BNB ETF is a big deal, but the question is how much real money will actually flow in. 22.2 billion in options expire today. This is the real test—let's see what surprises will emerge. Market sentiment recovery? Or just a pre-recovery before the actual recovery? Not sure. Bitcoin and Ethereum ETF fund flows have stabilized... Does "stabilized" mean no one is entering or exiting? Gold has risen 67% but didn't attract me; instead, I was drawn to this 400 million liquidation. Is this a sign of illness?

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WenMoon42

· 01-09 03:54

Regulation has made it feel less exciting, but institutional involvement has definitely stabilized things. The BNB ETF is still okay, but today's $2.2 billion options expiration is a bit uncertain.

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0xSleepDeprived

· 01-09 03:49

Wall Street and DeFi are shaking hands, this is getting interesting Liquidation of 400 million continues to be released, this wave of leveraged players are really miserable Wait, gold has risen 67% year-to-date? Why am I still trading cryptocurrencies BNB ETF registration completed, are institutions about to enter the market Tomorrow, 2.2 billion in options expire, another wave of volatility is coming... Is the market sentiment recovery real or fake? Let's see if it can stabilize next week

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BanklessAtHeart

· 01-09 03:42

Did Wall Street have a chat with DeFi? This reversal is happening pretty fast, and it feels like regulation is becoming more and more certain. --- $2.22 billion options are expiring today. How big is this wave of volatility? Feeling a bit nervous. --- JPMorgan says the sell-off cycle is almost over, but why do I still see no bottom... Gold has risen so much, should I really get in now? --- $337 million liquidation, the slaughter knife is still sharpening, who got cut this time? --- BNB ETF has been registered, institutional entry is really coming, what should retail investors do? --- Unemployment data is fine, so why is everything still so chaotic? The economy is okay, so why is the market still like this?

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