它揭示了证券通证化领域两种截然不同的路径选择，以及这两种路径背后，两股势力正在进行的博弈。

摩根大通不再预计美联储降息，预计将在 2027 年加息。(金十)

据官方公告，币安钱包将于 2026 年 1 月 13 日 8:00 推出 Bitway Booster 理财活动，拥有 165 分及以上币安 Alpha 积分的用户可参与，本次活动无扣分机制。本活动池总申购限额为 2000 万 USDT，单用户申购限额为 1 万 USDT，先到先得。

According to Cointelegraph, the Bank of Italy has conducted a study to assess the impact on Ethereum's security and settlement capabilities if the price of Ether were to plummet to zero. The research, led by economist Claudia Biancotti, explores the implications of such a drastic price drop on Ethereum-based financial services, which rely on the network for transaction processing and settlement. The study emphasizes the importance of viewing Ethereum not merely as a speculative asset but as a critical component of financial infrastructure. Biancotti's research highlights the connection between validators' economic incentives and the stability of the blockchain supporting stablecoins and other tokenized assets. The paper models a scenario where validators, who earn rewards in ETH, might choose to exit if the token's value collapses, leading to a reduced total stake securing the network. This could slow block production and weaken Ethereum's resilience against attacks, potentially compromising the timely settlement of transactions. The study argues that Ethereum is increasingly used as a settlement layer for financial instruments, making it essential to consider how fluctuations in Ether's value can impact the reliability of the underlying infrastructure. The Bank of Italy's analysis suggests that market risk in the base token can evolve into operational and infrastructure risk for instruments built on Ethereum, such as fiat-backed stablecoins and tokenized securities. The paper warns that disruptions could extend beyond speculative trading, affecting payment and settlement use cases that are under regulatory scrutiny. Other authorities, including the International Monetary Fund and the European Central Bank (ECB), have also expressed concerns about the systemic importance of large stablecoins and their potential financial stability risks. An ECB Financial Stability Review report from November 2025 highlighted the vulnerabilities of stablecoins and their connections to traditional finance, warning of possible runs and asset fire sales in the event of severe shocks. The Bank of Italy concludes that regulators face a challenging decision regarding the use of public blockchains in financial services. They must choose between deeming current public chains unsuitable for regulated financial infrastructure due to their reliance on volatile native tokens or allowing their use with risk mitigation measures. These measures could include business continuity plans, contingency chains, and minimum standards for economic security and validators.

纳斯达克上市的 WLFI 财库公司 ALT5 Sigma 发布最新一期财报，其中披露截至 2025 年三季度净利润约为 5700 万美元，截至 2025 年 9 月 27 日股东权益增至约 16 亿美元，该公司是目前 WLFI 代币持有量最大的美股上市公司，持有量约为 72.8 亿枚，此外正在积极探索将稳定币 USD1 整合到旗下支付和金融平台 ALT5 Pay 和 ALT5 Prime。（Businesswire）

The Bank of Italy modeled the extreme scenario of Ether going to zero to show how market risk in Ethereum’s native token can turn into infrastructure and financial stability risks. source: https://cointelegraph.com/news/bank-of-italy-ethereum-security-ether-price-risk?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

渣打银行下调了以太坊的中期价格预期，将以太坊 2026 年底的价格预测从之前的 12,000 美元下调至 7,500 美元，同时将 2028 年底的价格预测从 25,000 美元下调至 22,000 美元，其数字资产研究全球主管 Geoffrey Kendrick 表示鉴于比特币在该领域的持续主导地位，比特币表现弱于预期，削弱了所有数字资产兑美元的前景，该行仍然预计以太坊到 2030 年将超过 4 万美元，将其长期预测目标从之前的 3 万美元上调。（Cointele）

According to PANews, a Solana whale wallet, identified as 8Ldjm, has reactivated after a 30-day dormancy, leading to a notable market impact. The wallet, which previously increased its holdings from $60,000 to $2.5 million, sold approximately $1 million worth of WhiteWhale tokens within 15 minutes, causing the token's price to plummet by 20%. This wallet was the largest buyer before the CTO's acquisition and was once the second-largest holder, currently possessing 2.5% of the total supply. The WhiteWhale team clarified that the wallet is not associated with insiders and had declined an OTC agreement aimed at mitigating the selling pressure.

تتزايد وتيرة الاهتمام بسردية بيتكوين كأصل غير سيادي، في ظل تقارير عن فتح تحقيق مع رئيس مجلس الاحتياطي الفيدرالي الأميركي جيروم باول، ما يثير مخاوف بشأن الضغوط السياسية على الأسواق. source: https://ar.cointelegraph.com/news/powell-investigation-risk-premia-bitcoin-analysts?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Second private network update in 8 months sparks centralization claims from detractors source: https://solanafloor.com/news/rivals-criticize-solana-another-secret-emergency-network-update

An early buyer of ETH distributed over 154K coins, depositing the last 26,000 ETH on Bitstamp in the past day. The whale took profits, for a potential $274M net gain from the entire portfolio. source: https://www.cryptopolitan.com/ethereum-og-whale-deposits-to-bitstamp/

以太坊确实是整个 Crypto 世界对 ZK 下注最多的公链，毫无疑问。

过去八年，韩国对加密资产的态度，一直处在一种微妙的分裂之中。

本次播客对谈围绕近期“小米 × 公链钱包预装”引发的市场讨论展开，深入探讨了区块链手机的真实价值、常见误区与长期定位。

意图计算,意图经济 金色财经,基于意图的系统如何在互联网上兴起。

EIL 真的在「最小化信任」，还是把信任从显性中继，转移到了更隐蔽的工程与经济层？

Viewership across YouTube and social media has sunk to bear-market lows, reflecting retail exhaustion, scam fatigue and a market increasingly driven by institutions.

Tether froze around $182 million in USDT across five Tron wallets on 11 January 2026, locking the funds while keeping them visible on-chain. The move appears linked to US authorities and follows Tether’s policy to halt wallets tied to sanctioned or illegal activity.

2026 年的决定性叙事之一是「隐私」。随着机构参与者在加密货币领域占据主导地位，隐私已成为连接区块链与现实世界商业的关键技术特性。

A violent home invasion in southern France shows how cryptocurrency wealth is spilling into the real world — and turning investors into physical targets.