KEYTAKEAWAYS
- Network-wide crypto liquidations hit $127 million, with ETH surpassing BTC, while upcoming US economic data releases may drive market volatility.
- Bitcoin mining shows increasing centralization, with public miners now controlling 31.6% of global hashrate, double the 2022 percentage.
- Significant institutional movements include Invesco's $50M Bitcoin transfer and a16z whale's $1M+ profit from AIOS token investment.
CONTENT
Welcome to the CoinRank Crypto Digest. In the new year, CoinRank will continue to provide daily important crypto news in this column series, allowing readers to quickly obtain the latest crucial updates from the cryptocurrency market.
MORNING NEWS
1. In the past 24 hours, the entire network has liquidated $127 million in short orders, and the liquidation amount of ETH exceeds that of BTC
According to Coinglass data, the total liquidation of the entire network in the past 24 hours was $127 million, of which long orders were liquidated at $49.6703 million and short orders were liquidated at $77.6563 million. ETH liquidated at $22.284 million, exceeding BTC (liquidation at $18.4148 million).
2. Key US Economic Data and Fed Speeches Set to Drive Markets Next Week
Multiple crucial US economic indicators and Federal Reserve speeches are scheduled for next week, potentially bringing significant market volatility. The calendar includes December’s CPI and PPI data releases, along with speeches from several FOMC voting members. Tuesday features December PPI and NY Fed inflation expectations, while Wednesday’s highlight is the CPI data release alongside Fed speeches from Williams and Barkin. Thursday brings retail sales data, weekly jobless claims, and the Fed’s Beige Book.
Recent November CPI data showed encouraging signs of easing inflation in housing and services sectors, though analysts suggest significant deceleration is more likely in early 2025 rather than December figures. Market attention will particularly focus on Tuesday’s PPI release and Thursday’s retail sales data, considered a key economic indicator for market sentiment.
3. SCIHUB Community Releases White Paper, Pledges 200M Tokens to Support Sci-Hub Platform
The SCIHUB community has unveiled its official white paper, authored by WTF Academy founder 0xAA with significant input from Sci-Hub founder Alexandra Elbakyan. The project introduces a Meme coin-based scientific funding model that has influenced platforms like proof.fun and MIRA. According to the white paper, 200 million SCIHUB tokens (20% of total supply) will be allocated to Alexandra’s account to support Sci-Hub’s operations. Alexandra can liquidate up to 1% of holdings (10 million tokens) monthly for platform maintenance. The initiative has already generated $500,000 for Sci-Hub’s development and maintenance costs.
4. Asset management company Invesco transferred 558.174 BTC today, worth more than $50 million
According to Arkham monitoring data, asset management company Invescos Bitcoin exchange-traded fund BTCO Invesco Galaxy Bitcoin ETF transferred 558.174 BTC to an address starting with bc1qz today, with a value of approximately US$53.51 million.
5. Trump’s Treasury Secretary Nominee Bessent to Divest Assets Including Bitcoin ETF Holdings
Scott Bessent, President-elect Trump’s Treasury Secretary nominee, has agreed to resign from Key Square Group and divest his assets to address potential conflicts of interest. According to U.S. Office of Government Ethics documents, Bessent will immediately resign upon confirmation and sell his stake in his macro hedge fund within 90 days of Senate approval.
The financial disclosure reveals Bessent’s assets worth at least $521 million, including Treasury bills, Invesco funds, currency positions, and notably a Bitcoin ETF investment valued up to $500,000. His other disclosed assets include Bahamas real estate worth over $5 million and an art collection valued above $1 million. The Senate confirmation hearing is scheduled for January 16th, where Bessent must outline his divestment plans before approval.
NOON NEWS
1. US Pastor Charged with 26 Counts of Fraud in $6M Crypto Ponzi Scheme
A federal grand jury has indicted Pastor Francier Obando Pinillo on 26 fraud charges related to the Solano Fi cryptocurrency scam that operated from November 2021 to October 2023. According to the Department of Justice, Pinillo misled his congregation and investors by promoting Solano Fi as a secure investment opportunity, while secretly diverting funds to personal accounts.
2. a16z Whale Makes $1M+ Profit from AIOS Token Purchase
Blockchain analytics platform Lookonchain reports that an a16z-linked whale address has generated over $1 million in unrealized profits from AIOS tokens. The trader invested 1,328 $SOL (approximately $250,000) to acquire 12.19 million $AIOS tokens, which are now valued at $1.28 million. The investment was made yesterday, showing a rapid return of more than 400%.
3. RWA-Backed USD0 Stablecoin Market Cap Falls to $1.54B, Drops to 6th Place
According to DefiLlama data, Usual’s real-world asset-backed stablecoin USD0 has seen its market capitalization decline to $1.54 billion, falling behind USDS ($1.761 billion) to rank sixth among stablecoins. The token has experienced a significant 15.09% decrease in market value over the past week, reflecting growing concerns in the RWA-backed stablecoin sector.
4. Whale Reinvests $7.84M in SWARM After Recent $8.42M Profit
Blockchain analytics firm Lookonchain reports that a sophisticated trader has re-entered the SWARM market, purchasing 29.7 million tokens at an average price of $0.26, totaling $7.84 million. This investment comes just four days after the same investor secured an $8.42 million profit from liquidating their previous SWARM position. The rapid reinvestment suggests continued confidence in the token despite recent market volatility.
5. Bitcoin Mining Centralization Doubles as Public Miners Control 31.6% of Network Hashrate
TheMinerMag reports a significant shift in Bitcoin mining centralization, with publicly traded miners now controlling 31.6% of the global hashrate as of December 2024, nearly double the 16.7% recorded in January 2022. The data, tracking 19 public mining companies that provide monthly performance disclosures, indicates growing institutional dominance in Bitcoin’s mining landscape.
EVENING NEWS
1. US Congressman Reveals $45K Crypto Portfolio Spanning BTC, XRP, and SOL
Quiver Quantitative reports that Rep. Guy Reschenthaler (R-PA) has acquired significant cryptocurrency holdings. The congressman purchased Bitcoin, XRP, and Solana between December 11-23, 2023, with each position valued between $1,001-$15,000. The ‘buy-only’ transaction pattern suggests a long-term investment strategy. The holdings, estimated at around $24,000, represent a notable portion of Reschenthaler’s $345,000 net worth.
2. Bitcoin Mining Stocks Hit $44B Market Cap Despite BTC Below $100K
According to bitcoinminingstock.com, public Bitcoin mining companies are showing strong market performance in early 2025, with a combined market cap of $44.09 billion across 31 companies. Despite miners facing revenue challenges with BTC below $100,000, 26 mining stocks have posted gains against USD. Industry leader Riot Platforms (RIOT) leads with a 17.53% increase, followed by Hut 8 (HUT) at 14.2% growth.
3. MicroStrategy’s Saylor Signals Potential New Bitcoin Purchase
MicroStrategy founder Michael Saylor breaks from his usual weekly Bitcoin tracker updates, suggesting “considering adding the next green dot” to the website. Historically, green dots on the company’s tracker indicate Bitcoin purchases, which typically occur the day after such announcements. The company has established a pattern of acquiring BTC following public signals, with blue lines representing BTC price movements on their tracker.
4. Scam Alert: Malicious ‘NUDEAI’ and ‘MAGA’ Tokens Detected on Base Chain
Scam Sniffer has detected two fraudulent tokens newly launched on Base Chain: “NUDEAI” (0xcb3…af3574) and “MAGA” (0xc20…372901). The tokens contain malicious “transferFrom” backdoors in their smart contracts, enabling unauthorized asset transfers without wallet owner approval. Users are warned to avoid these tokens to prevent potential losses.
5. Aave Reports 160% Growth in zkSync Era Markets
Aave announces on X that its zkSync Era markets have grown 160% over the past week. Following Chaos Labs’ proposal, supply and borrow caps for ZK, USDC, and WETH will be increased to accommodate the growing demand.
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