Crypto Morning Brief: MSCI Temporarily Halts Removal of DAT Company, Discord Allegedly Submits IPO Application

Author: TechFlow

Yesterday's Market Dynamics

Fed Governor Milan: The Fed Should Cut Rates by Over 100 Basis Points This Year

Fed Governor Milan stated that the Federal Reserve should cut interest rates by more than 100 basis points this year.

Central Bank: Strengthen Virtual Currency Supervision, Continue to Crack Down on Related Illegal and Criminal Activities

The People's Bank of China's 2026 work conference was held on January 5-6. The meeting emphasized researching and building a financial statistics system and standard system that matches the modern central banking system, continuously improving statistical monitoring in key areas such as the "Five Major Financial Articles" and financing platform debt. It also stressed consolidating the achievements in improving the cash usage environment, continuously enhancing the quality and efficiency of treasury management, prudently implementing the one-time personal credit repair policy, further improving the social credit system, optimizing payment services for the elderly and foreigners visiting China in a normalized and long-term manner, strictly implementing comprehensive supervision of payment institutions and functional supervision of payment businesses, strengthening virtual currency supervision, continuing to crack down on related illegal and criminal activities, deepening technology management and innovative applications, and steadily developing the digital yuan.

Vice President of Beijing Academy of Social Sciences: Steadily Promote the Collaborative Innovation Between Digital Yuan and Hong Kong Stablecoins, Aiming to Achieve Safe Exchange and Circulation at the Value Level

According to a report by Hong Kong Wen Wei Po, Fan Wenzhong, Vice President of the Beijing Academy of Social Sciences and Executive Director of the Chinese Financial Society, authored an article titled "Steadily Promote the Collaborative Innovation Between Digital Yuan and Hong Kong Stablecoins." The article points out that central bank digital currencies (CBDCs), represented by the digital yuan (e-CNY), and new payment tools, represented by Hong Kong's compliant stablecoins, are reshaping the new paradigm of cross-border payments from different paths. Through the collaboration between the digital yuan and Hong Kong stablecoins, the cross-border coverage of the digital yuan can be rapidly expanded, enhancing the usage stickiness of the yuan in real trade and promoting the internationalization of the yuan. It also strengthens Hong Kong's status as an international financial center, creating the world's first fusion hub for "CBDC + compliant stablecoins." The cross-border payment solution of dual-currency collaboration does not seek complete unification of the underlying ledgers of the digital yuan and stablecoins. Instead, it aims to achieve safe exchange and circulation at the value level by establishing regulated, standardized interaction interfaces.

Morgan Stanley Solana Trust Files S-1 Registration Statement with SEC

According to the official SEC website, Morgan Stanley has filed S-1 registration statements for a Solana Trust and a Bitcoin Trust with the U.S. Securities and Exchange Commission (SEC).

MANTRA to Deprecate All ERC20 $OM Tokens on January 15, Unmigrated Tokens May Be Burned

MANTRA Chain officially released an important announcement today. Currently, ERC20 $OM tokens account for less than 8% of the total supply and will be fully deprecated on January 15, 2026. The official reminds token holders to complete the migration as soon as possible, as unmigrated tokens may be burned.

Analyst: Suspected LAB Investor Sells Tokens OTC at 50% Discount, Causing Price Fluctuations

On-chain analyst Eye, who previously uncovered the "1011 Insider Whale," posted on platform X stating that LAB, a cross-chain trading infrastructure launched last October, experienced a strong pump-and-dump price movement in the past 24 hours. The price rose sharply briefly before quickly declining. Analysis indicates that someone sold tokens in an over-the-counter (OTC) transaction at a 50% discount. According to related terms, the trader is suspected to be a LAB investor.

Arthur Hayes: Zcash Has Become the Second Largest Holding of Maelstrom

According to a Decrypt report, BitMEX co-founder Arthur Hayes predicted that privacy will become the dominant narrative in cryptocurrency for 2026 and revealed that his family office, Maelstrom, holds a significant amount of Zcash. Hayes believes that as U.S. political incentives lean towards aggressive credit expansion and energy price controls, privacy assets will become an important channel for crypto demand.

NFT Paris Announces Cancellation of February Event, Citing "Market Collapse"

According to The Block, the NFT exhibition NFT Paris announced the cancellation of its event originally scheduled for February 5-6, citing "market collapse." The organizers promised compensation for participants who have purchased tickets, but some sponsors reported receiving notices that refunds were not possible.

Market News: Chat Platform Discord Has Secretly Filed for IPO

According to a report by Jinshi Data, market news indicates that the chat platform Discord has reportedly secretly filed for an initial public offering (IPO).

MSCI Decides Not to Implement Proposal to Exclude DAT Companies from Indices for Now

According to an official announcement, MSCI announced the consultation results regarding Digital Asset Treasury (DAT) companies. It decided not to implement the proposal to exclude DAT companies from the MSCI Global Investable Market Indices during the February 2026 index review. The current index treatment of related companies will remain unchanged; DAT companies already included in the indices can continue to be included, but MSCI will temporarily suspend increasing their share counts and inclusion factors, and postpone new additions or size segment adjustments.

Bitmine Stakes Another 28,000 Ethereum, Worth Approximately $91.16 Million

According to monitoring by on-chain analyst The Data Nerd (@OnchainDataNerd), Bitmine transferred 28,320 Ethereum (worth approximately $91.16 million) to wallet address 0x921 for staking. Statistics show that Bitmine has now cumulatively staked 520,864 Ethereum, with a total value of approximately $1.636 billion.

Market Trends

Recommended Reading

2025 Public Chain Reshuffle: Which Projects Are Worth Holding Through Bull and Bear Markets?

This article provides an in-depth review and analysis of the blockchain industry in 2025, exploring the annual performance of 40 public chains across multiple dimensions, including ecosystem growth, user activity, fee revenue, and token performance. It summarizes the overall development trends of public chains in 2025 and proposes using a four-quadrant analysis model to classify and evaluate the ecosystem status and growth potential of public chains.

Farewell to the Wild West: Crypto Market Makers Face Their "Coming of Age"

This article provides a detailed analysis of the evolution, current challenges, and future development trends of the market maker industry in the cryptocurrency market. It points out that as industry standardization and compliance requirements increase, the role of market makers has shifted from mere liquidity providers to a hybrid form integrating secondary market investment, risk management, and infrastructure. Industry competition has moved from "wild arbitrage" to "systematic operations," and market makers that can survive long-term need to possess strong risk control, compliance, and system capabilities.

Sexy Casino, Online Property Flipping

This article describes a new gameplay recently launched by Polymarket, allowing users to place bets by predicting the rise or fall of housing price indices in various U.S. cities. This gameplay differs from traditional housing price indices, as the data is provided by the blockchain project Parcl, offering transparency and real-time updates. However, current market liquidity is low, and participation is limited, mainly attracting early players and large investors. Polymarket's valuation has grown rapidly in recent years, but 70% of its platform users incur losses, reflecting the high-risk nature of prediction markets.

CoinUp 2025 Report Card: From Growth to Compliance, the 'Ascension Code' for Second-Tier Exchanges

This article mainly introduces the development achievements and future plans of the cryptocurrency exchange CoinUp in 2025. It analyzes its performance in user growth, trading volume, compliance, security, product iteration, and brand building, as well as its development goals and challenges for 2026.

Ray Dalio's Year-End In-Depth Review: The Logic Behind the Dollar's Depreciation and Gold's Rise

This article, written by Ray Dalio, reviews the market performance of 2025, analyzing the impact of the dollar's depreciation, gold's rise, stock market performance, changes in debt and currency value, geopolitical forces, and technological development on the global economic landscape. It also explores future investment trends and potential uncertainties.