PA Daily | Musk to open-source the new X platform algorithm within 7 days; BNB Chain Foundation purchases various Chinese Meme tokens

Today’s Headlines Reminder:

1. Next Week’s Macro Outlook: CPI challenges the Fed’s firepower, Fed officials speak intensively

2. FBI: Crypto ATM scams caused $240 million in losses in the first half of 2025, multiple states considering banning crypto ATMs

3. Elon Musk: Will open-source the new X platform algorithm within 7 days, this process repeats every four weeks

4. Vitalik: The crypto industry needs to solve three major issues to develop better decentralized stablecoins

5. BNB Chain Foundation bought $BinanceLife, $Hakeem, $IAmComing, and $Laozi within two days

6. Analyst Willy Woo: Optimistic about Bitcoin’s performance in January-February, but cautious about 2026

Macro & Regulation

Next Week’s Macro Outlook: CPI challenges the Fed’s firepower, Fed officials speak intensively

In the first full trading week of 2026, cross-asset prices rose simultaneously, and Wall Street’s risk sentiment is rebounding. Spot gold closed up over 4%, with a total increase of more than $177; spot silver rose nearly 10%, with a total increase of over $7. Driven by geopolitical instability and changing Fed monetary policy expectations, precious metals have shown extraordinary strength. Next Tuesday, the US will release December Consumer Price Index (CPI), which could greatly influence market sentiment and determine the trend of gold and silver prices in the coming week. Key points to watch in the new week:

Tuesday 01:30, 2027 FOMC voting member, Atlanta Fed President Bostic speech;

Tuesday 01:45, 2027 FOMC voting member, Richmond Fed President Barkin speech;

Tuesday 07:00, Permanent FOMC voting member, NY Fed President Williams speech;

Tuesday 23:00, 2028 FOMC voting member, St. Louis Fed President Musialem speech;

Wednesday 05:00, 2027 FOMC voting member, Richmond Fed President Barkin speech;

Wednesday 21:30, US November retail sales monthly rate, US November PPI annual/monthly rate, US Q3 current account;

Wednesday 22:50, 2026 FOMC voting member, Philadelphia Fed President Powelson on economic outlook;

Wednesday 23:00, Fed Board member Milan speaks in Athens;

Thursday 01:00, 2026 FOMC voting member, Minneapolis Fed President Kashkari speech; 2027 FOMC voting member, Atlanta Fed President Bostic speech;

Thursday 03:00, Fed releases Beige Book on economic conditions;

Thursday 03:10, Permanent FOMC voting member, NY Fed President Williams delivers opening remarks at an event;

Thursday 21:30, US initial jobless claims for the week ending January 10, US January NY Fed/Philly Fed manufacturing index, US November import price index monthly rate;

Thursday 21:35, 2027 FOMC voting member, Atlanta Fed President Bostic speech;

Friday 01:40, 2027 FOMC voting member, Richmond Fed President Barkin on Virginia economic outlook.

Tennessee orders Kalshi, Polymarket, and Crypto.com to cease offering sports contracts to residents

Tennessee regulators have ordered Kalshi, Polymarket, and Crypto.com to stop offering sports contracts to residents, accusing these companies of operating without the necessary licenses, violating state gambling laws.

These companies are currently registered with the US Commodity Futures Trading Commission (CFTC) as designated contract markets, providing users with the ability to buy contracts based on sports outcomes. However, under Tennessee’s Sports Gaming Law, any entity accepting sports bets must hold a license issued by the state government.

TRM Labs: IRGC transferred about $1 billion via UK-registered crypto exchanges

TRM Labs’ latest analysis shows that since 2023, Iran’s Islamic Revolutionary Guard Corps (IRGC) has used two UK-registered crypto exchanges, Zedcex and Zedxion, to transfer approximately $1 billion to evade international sanctions. From 2023 to 2025, transactions related to the IRGC account for 56% of the total trading volume on these exchanges, mostly conducted on Tron using USDT.

Hundreds of high-net-worth investors are using cryptocurrencies to buy real estate in Europe

Nikolay Denisenko, co-founder of Lithuanian-licensed crypto platform Brighty (former Revolut backend engineer), revealed that the company has facilitated over 100 transactions for high-net-worth individuals using cryptocurrencies to directly purchase European apartments, with client numbers between 100-150 and rapidly growing. These residential real estate transactions mainly occur in the UK, France, Malta, Cyprus, and Andorra, with transaction sizes ranging from about $500,000 to $2.5 million. These individuals spend an average of about $50,000 per month, mainly to diversify investment risk.

FBI: Crypto ATM scams caused $240 million in losses in the first half of 2025, multiple states considering banning crypto ATMs

According to FBI data, in the first half of 2025, crypto ATM scams caused losses of up to $240 million, about twice the number of similar scams in 2024. Washington state’s Spokane has fully banned crypto ATMs, becoming the largest city-level ban in the US. Several other states are tightening regulations or discussing restrictions, including Arizona, Arkansas, Vermont, and St. Paul in Minnesota, which are considering following Spokane’s full ban. Globally, 80% of crypto ATMs are located in the US.

Elon Musk: Will open-source the new X platform algorithm within 7 days, this process repeats every four weeks

Elon Musk announced on X that he will open-source the new X platform algorithm within 7 days, including all code used to determine what natural search content and ads are recommended to users. This process will repeat every four weeks, with detailed developer instructions provided.

Previously, CryptoQuant CEO Ki Young Ju stated on X that yesterday, bots on X posted 7,754,367 crypto-related posts, increasing by 1,224%, leading to crypto-related posts being blocked by X’s algorithm.

( Project Updates

Binance to launch FOGOUSDT perpetual contract pre-market trading

According to an official announcement, Binance’s futures platform will launch FOGOUSDT perpetual contract pre-market trading at 22:00 (UTC+8) on January 10, 2026, with leverage up to 5x.

) Analysis & Opinions

Huatai Securities: Expect the Fed to pause rate cuts from January to May, then cut 1-2 times after new chair takes office

Huatai Securities research report states that in December, US non-farm employment increased by 50,000, below Bloomberg’s consensus expectation of 70,000, with a downward revision of 76,000 for October-November. Although the unemployment rate has declined, the significant downward revisions in the previous two months have brought the three-month average of private non-farm jobs to a low of 29,000, with further “imbalance” in structure. Looking ahead, the view remains that the employment market will gradually improve, focusing on the “temperature difference” between economic growth and employment; we expect the Fed to pause rate cuts from January to May, then cut 1-2 times after the new Fed chair takes office. December’s non-farm job gains were below expectations and concentrated in a few sectors: the employment diffusion index shows a slight decline compared to November. Considering recent better-than-expected initial claims, a decline in layoffs, and the leading indicator NFIB’s continued improvement in business hiring willingness, we still expect US non-farm employment to rebound later. Focus on the “temperature difference” between US economic growth and employment. From the Fed’s perspective, although employment data is weak, it has not worsened further, and the Fed is expected to hold off on rate cuts at the January meeting, emphasizing observation of subsequent data before making decisions. Therefore, we expect the Fed to pause rate cuts from January to May, then cut 1-2 times after the new chair takes office.

Vitalik: The crypto industry needs to solve three major issues to develop better decentralized stablecoins

Vitalik wrote that the current crypto industry needs better decentralized stablecoins, and three issues still need to be addressed:

• Ideally, find a tracking index more suitable than the dollar price.
• Design decentralized oracles that cannot be controlled by large funds
• Address staking yield competition issues

CZ: Super cycle is coming, but could also be mistaken

CZ posted on X: “Super cycle is coming, but I could be wrong. (I could be wrong, but Super Cycle incoming.)”

According to CZ’s retweeted tweet, the US SEC has removed cryptocurrencies from the 2026 priority risk list, which is positive for the crypto industry.

Analyst Willy Woo: Optimistic about Bitcoin’s performance in January-February, cautious about 2026

Crypto analyst Willy Woo wrote that he is optimistic about Bitcoin’s performance from late January to February but currently bearish on 2026.

Willy Woo said: “Internal investor capital flow models predict Bitcoin bottomed on December 24 and has been steadily strengthening since. Usually, it takes 2-3 weeks for this to reflect in the price, and this is happening now (just suppressed by short-term overbought technical indicators). Another positive factor is that fiat liquidity (futures market) is recovering after months of doldrums, similar to mid-2021, which contributed to the second top of the last cycle. Therefore, the resistance at $98,000–$100,000 needs to hold. If broken, next, we need to observe the resistance at ATH.”

“But I remain bearish on 2026 because, from a macro perspective, liquidity has been weakening relative to price momentum since January 2025. We are currently in the final stage of a hot zone, lacking enough liquidity support for momentum. If in the coming months, a large influx of spot (long-term) liquidity breaks the downtrend, my view will change. Notably, a bear market has not yet been confirmed, and confirmation would be continued outflows of Bitcoin funds (a lagging indicator at cycle top).”

Investment & Financing

DWF Labs co-founder: Completed $1 million seed investment in a DeFi project

DWF Labs co-founder Andrei Grachev posted on X that this year has just begun, and DWF Labs has already completed its first $1 million seed investment in a DeFi project. More details and transactions will be announced later.

Key Data

F2Pool co-founder Wang Chunbiao’s address transferred 4000 ETH to Binance

According to Arkham monitoring, F2Pool co-founder Wang Chunbiao’s address transferred a total of 4000 ETH to Binance in about the last 15 minutes, worth $12.37 million.

Bitmine staked another 86,400 ETH, total staked now 1,052,192 ETH

According to Onchain Lens monitoring, Bitmine staked another 86,400 ETH, worth $266.3 million. Its total staked ETH now reaches 1,052,192, valued at $3.25 billion.

Chinese meme coin market fluctuates wildly: “Laozi” and “Life K-line” hit new highs

Market data shows that the Chinese meme coin “IAmComing” has a market cap dropped to $39.05 million, with a peak of $52.27 million, down 6.44% in 6 hours; “BinanceLife” has a market cap of $178.6 million, up 23.46% in 24 hours; “Laozi” now reports a market cap of $10.6 million, peaking at $13.32 million, up 202.2% in 24 hours; “Life K-line” has a market cap of $26.22 million, peaking at $41.87 million, up 672.4% in 24 hours.

BSC Foundation bought $50,000 worth of Hakeem, ranks among its TOP6 assets

According to on-chain analyst Ai Yi, the BSC Foundation bought $50,000 worth of Hakeem two minutes ago, becoming its TOP6 assets. The top 5 holdings of this address are MYX / CAKE / LISTA / SKYAI / BinanceLife.

BNB Chain Foundation bought $50,000 worth of BinanceLife, Hakeem, IAmComing, and Laozi in two days

According to Lookonchain, BNB Chain Foundation spent $200,000 in the past two days to purchase a batch of Chinese meme tokens. Specifically:

• $50,000 to buy 370,000 BinanceLife
• $50,000 to buy 1,300,000 Hakeem
• $50,000 to buy 4,830,000 IAmComing
• $50,000 to buy 4,700,000 Laozi