Another day filled with anticipation and a bit of disappointment. The rumors surrounding Lighter_xyz are still circulating, but there’s no news about the TGE announcement. Let’s take a look at the market dynamics.

BTC didn’t perform well over the weekend and has yet to stabilize above 88,000. However, the past few Mondays have seen some market activity, even though they ultimately retreated, so today’s focus remains on it. ETH continues to follow Bitcoin’s lead; unless new funds emerge unexpectedly, it’s hard to see it breaking out independently. In comparison, the buzz on the SOL chain has really picked up, with various projects pushing transaction volumes into the tens of millions, and whitewhale even surpassing 50 million, clearly showing the flow of wealth on the chain.

Precious metals are quite interesting this time. Silver futures broke through a new all-time high in early trading, reaching as high as $83. Currently, silver’s market cap ranks second among global assets, even surpassing the market cap of a certain tech giant. This has caused many Bitcoin investors to hesitate, and industry voices are suggesting it might be time to shift towards gold.

At the project level, WLFI has launched a governance vote for treasury funds to accelerate the adoption of USD1. The difficulty of Bitcoin mining is expected to increase again in January to 149T. Hyperliquid will distribute 1.2 million HYPE tokens to the team on January 6. The Lighter founder confirmed that the previous LIT transfers and airdrops are unrelated, and the app may go live in the coming weeks, but whether the TGE can be completed before 2026 remains uncertain.

From a macro perspective, the Bank of Japan has indicated that it needs to maintain a rate hike rhythm of once every few months, and the Nikkei 225 index opened down 105.18 points. El Salvador has added another 1,511 BTC since the beginning of the year. Russia’s largest bank, Sberbank, has issued the country’s first crypto-backed loan to Intelion Data, which is a new development locally.

On the exchange side, the Bitcoin premium index of a certain compliant platform has been negative for two consecutive weeks (-0.08%), indicating that during this period, top-tier traders are buying while the platform is selling. The rollback on the Flow chain has sparked controversy, with the ecosystem stating there was no prior coordination. There are rumors that a certain influential figure has recently increased their BTC holdings, but after a test last week, it appears they haven’t, and this time might be the same routine.