Phyrex posted on X. Global fund managers have reduced their cash allocation to a historic low of 3.2%, down from 3.3% a month ago. This indicates that fund managers are holding minimal cash reserves, suggesting a high level of investment and risk appetite. With low cash reserves, market pricing increasingly relies on favorable conditions. If the market direction remains unchanged, low cash levels can act as a stabilizing force, as investors are likely to buy on dips. However, if market conditions shift, the lack of cash can become a vulnerability, leading to asset sales and triggering a chain reaction of redemptions, stop-losses, and risk budget contractions. This situation does not necessarily signal an immediate market peak. In December of last year, cash allocations were similarly low, yet U.S. stocks reached new highs a month later. However, these highs were not driven by institutional buying but rather by external funds or leveraged risk-taking. In the event of uncontrolled negative developments, the impact could be severe due to the lack of cash to absorb losses. The market dynamics are increasingly resembling a risk premium game, where positive developments require additional capital to drive growth, while negative news could be amplified due to crowded positions. The best-case scenario involves a surge in FOMO (fear of missing out) sentiment, with retail investors increasing their purchasing power. Fund managers could then offload some assets to retail investors, allowing them to accumulate cash and re-enter the market when clear positive signals emerge. Conversely, the worst-case scenario mirrors the situation in April, where fund managers liquidated significant assets to rebuild cash reserves, awaiting better institutional opportunities.

CyrilXBT posted on X. The cryptocurrency TAO has experienced a clear distribution at its peak, followed by a pattern of sustained lower highs and lower lows. The price has reverted to previous support levels, which have now become resistance. There is an urgent need for a price rebound to prevent further negative developments in the market.

Pantera Capital has released its outlook for 2026, forecasting a difficult year ahead for cryptocurrencies in 2025, particularly for non-Bitcoin tokens. According to NS3.AI, these tokens have faced declines due to weak value capture, decreased on-chain activity, and waning retail interest. The fund characterizes 2025 as a 'whipsaw' year, marked by market capitulation. Despite these challenges, Pantera Capital expects a recovery in the crypto markets to begin in 2026.

On Jan 23, 2026, 04:14 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 90,000 USDT benchmark and is now trading at 90,000.179688 USDT, with a narrowed 0.12% increase in 24 hours.

On January 22, BitGo (NYSE: BTGO), a portfolio company of Web3 investment firm Jsquare, went public on the New York Stock Exchange. The stock opened at approximately $22.43 yesterday, with intraday gains exceeding 20% ​​at one point, and closed firmly above its IPO price. Jsquare Founding Partner Joanna Liang stated that BitGo's strong performance validates the firm's strong belief in the long-term value of the compliant custody sector. She pointed out that as a Web3 fund with Asian roots, Jsquare is committed to acting as a bridge connecting Eastern and Western capital, accurately identifying and allocating core industry assets like BitGo globally.

Japan's House of Representatives has been officially dissolved, marking a significant political development. According to PANews, the dissolution was announced during a plenary session of the House of Representatives, where Speaker Fukushiro Nukaga read the dissolution decree. Earlier in the day, Japanese Prime Minister Sanae Takaichi decided to dissolve the House during a cabinet meeting. Following this decision, Takaichi and all cabinet members signed the dissolution resolution.

Approximately 70 billion won (US$47.7 million) worth of seized Bitcoin belonging to the Gwangju District Prosecutors' Office in South Korea has been stolen, and authorities have launched an investigation. Reports indicate that prosecutors discovered the missing Bitcoin during a routine inspection of seized assets. The cryptocurrency was allegedly stolen through a phishing attack after an employee visited a fraudulent website. Prosecutors declined to disclose the specific amount lost or the date of the Bitcoin seizure, stating only that they are "tracking the status and whereabouts of the seized items." This incident comes after South Korean customs authorities dismantled a large cryptocurrency money laundering network on Monday. (Cointelegraph)

Farcaster co-founder Dan Romero has confirmed that the Farcaster protocol will continue to operate and will not be shut down. According to NS3.AI, the protocol's acquirer, Merkle, plans to return the $180 million previously raised from investors. Romero also addressed rumors regarding his recent home purchase, providing clarification on the matter.

Data from BofA's global fund manager survey shows that fund managers' cash holdings have fallen to a record low of 3.2%, reflecting investors' extremely bullish sentiment towards risky assets. (Barchart)

South Korean prosecutors are investigating the loss of a large amount of Bitcoin that went missing while in state custody, with a phishing attack believed to be the cause. The missing funds, linked to an illegal gambling case, are estimated to be worth tens of billions of won, around $48–49 million.

F/m Investments aims to put $6B of TBIL ETF shares on a permissioned blockchain while maintaining full regulatory compliance.

Musk held a dialogue with BlackRock CEO Lawrence Fink at the World Economic Forum in Davos, stating that the lowest-cost solution for building AI data centers in the future is to build them in space.

Stablecoin payment cards have become a major bridge between digital assets and everyday business activities. The turning point in 2025 stemmed from the tighter integration of stablecoins with issuance and settlement processes, and 2026 will be the year stablecoin cards become a part of the daily lives of millions.

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse at 8 AM," issue 2945, providing you with the latest and fastest news on the digital currency and blockchain industry.

We have compiled a list of representative projects in the field, which participate in building the future of the robotics economy from different perspectives.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

Bitcoin is currently in a "low participation" phase, and price fluctuations are more due to "no one dumping" rather than strong buyer confidence.

If every turning point in the international situation and every verbal battle between tech giants could be quantified into real odds and traded publicly, would the world become clearer or crazier?

Code can be executed in a decentralized manner, but it is difficult to define reality. Therefore, the "last mile" of truth is difficult to decentralize.