Crypto Morning Post, January 8th | US Crypto Act welcomes key vote ️ | Institutional giant whale continues to hoard coins | Solana Mobile Token Pricing TL; DR (too long to read): Global mainstream assets (A-shares/US stocks/gold) are generally rising, but BTC is experiencing short-term weak adjustments due to fund diversion. Despite the anxious macro sentiment, the industry fundamentals are strong: BlackRock and Metaplanet continue to attract funding, and with the key vote on the US Senate crypto bill approaching on January 15th, the long-term positive logic remains unchanged, waiting for the narrative to return. Today's core focus: Regulatory milestone: The US Senate will hold a crucial vote on the Crypto Market Structure Act on January 15th, which will clarify the jurisdiction of the CFTC and SEC, laying the foundation for legislation in the Trump era. Institutional frenzy: "Asian micro strategy" Metaplanet invests $450 million to increase BTC holdings; BlackRock withdraws over 3000 BTC from Coinbase within 8 hours; The BTC/ETH holdings of Binance users have significantly increased. Ecological hot topics: Solana Mobile native token SKR scheduled for January 21st; Babylon, a Bitcoin staking protocol, has received $15 million in financing led by a16z. The main text is as follows: Crypto Breakfast | January 8th 1. The three major indexes of A-shares collectively closed higher, with the Shanghai Composite Index recording 14 consecutive gains and closing up 0.05%, approaching 4100 points at one point. The Shenzhen Component Index rose 0.06%, and the ChiNext Index rose 0.31%. The transaction volume of the Shanghai and Shenzhen stock markets was 2.85 trillion yuan, an increase of 476 million yuan compared to the previous trading day 2. The three major stock indexes in the US stock market have fluctuated, with the Dow Jones Industrial Average closing down 0.94%, the S&P 500 index down 0.34%, and the Nasdaq up 0.16%. 3. Zelensky said that it is expected to end the Russia-Ukraine conflict in the first half of 2026. 4. US Secretary of Energy Wright: The US government plans to control Venezuela's future oil sales; The US government hopes to fill its strategic oil reserves. Trump: Venezuela's oil revenue will only buy products made in the United States. 5. Trump: Large institutional investors will be prohibited from purchasing more single family homes. Stocks related to the single household leasing industry chain, such as Blackstone, fell. 6. The Senate Banking and Agriculture Committee is scheduled to hold a key vote on the Crypto Market Structure Act on January 15th. The bill will clarify the jurisdictional division between the CFTC and SEC (especially the definition of "ancillary assets"). If passed, it will be the most important legislative milestone since the Trump administration (2025-2029) took office. Metaplanet, known as the "Asian MicroStrategy," disclosed that it spent $451 million to purchase BTC in Q4 2025, with an average cost of approximately $105412. Its stock price rose 21% on the Tokyo Stock Exchange within 5 days. Solana Mobile announced that the native token SKR will be launched on January 21st. 9. Glassnode report: Bitcoin chip structure is more robust, and market participation is enthusiastic about rebuilding. BlackRock has withdrawn 3040 BTC and 61359 ETH from Coinbase Prime in the past 8 hours. 11. Binance has released an update on its January reserve certificate. Compared to the December reserve report, the number of BTC held by users on the Binance trading platform has increased by 18914.919, or approximately 1.73 billion US dollars, compared to December. The amount of ETH held by users increased by 302463.604 compared to December, equivalent to approximately 960 million US dollars. 12. Binance spot launched the Chinese meme Binance Life, which instantly pulled it to around 0.2 and is currently around 0.14. Babylon has completed a $15 million financing round, led by a16z Crypto, with an undisclosed valuation. 14. Chen Zhi from the Crown Prince Group was arrested in Cambodia and has been sent back to China for investigation. Bitcoin Market Analysis: A-shares, US stocks, gold, and other global assets are all rising, but Bitcoin continues to adjust weakly, with $94000 unable to effectively stabilize. It will continue to adjust weakly in the future. Yesterday, I posted the market trend forecast for the whole year, and the real opportunity for this year is in Q3, so everyone should be prepared. With the risk relief of MSTR in January, the overall trend is still looking for a rebound. However, currently, the narrative of encryption has been replaced by AI, and everyone is trying Vibecoding. It will take time for market attention to return. The real resistance above the 4-hour level of Bitcoin is around 94000, while the support below is around 87000. [Risk Reminder] Digital assets have significant fluctuations and extremely high risks. Please participate with caution, avoid full positions, and refuse loan leverage;