Daily Crypto News: Market Turns Green! ETH Nears $3,300, Strategy Still Supported by MSCI as Flow Loses Money from Hacks, and Tether Revolutionizes Digital Gold

ETH is Testing a Critical Level: Hot Opportunities Due to Strong Buying Pressure

The Ethereum network’s native cryptocurrency, the global smart contract platform, is showing signs of recovery to watch. ETH’s value has increased approximately 1.79% over the past 24 hours, settling at $3,350.

Technical trends indicate that a Double Bottom pattern is forming on the daily chart. If the price can break through the resistance level at $3,300 and diverge from the 200-EMA line, experts suggest that the next target could be around $3,900.

However, data from tracking sources like CryptoQuant and Hyblock Capital’s analysis show discrepancies: while retail traders continue to push buying pressure, large holders have been net selling about $40 million within the week. This tests whether community buying momentum can sustain against whale selling pressure.

MSCI Passes the Name: Strategy Inc. Gets a Life and the Bitcoin Market Still Has Room to Grow

Good news comes from MSCI, the index management firm, which decided to keep companies that operate Bitcoin custody in their indices, rather than removing them. As a result, Strategy’s stock surged about 5%.

This decision is highly significant for the institutional finance sector because MSCI announced upcoming criteria adjustments to distinguish companies that use Bitcoin as a reserve asset, where holdings of more than 50% of total assets in a single digital coin are classified differently from typical companies that hold only small amounts of capital.

The reason is that if these companies are excluded from the index, billions of dollars from index tracking funds like (Passive Index Funds), with massive capital, could flow out of the market immediately.

Currently, over 190 publicly traded companies hold Bitcoin on their balance sheets, indicating that the acceptance of digital assets as part of large corporations’ capital structure is becoming more real.

Flow Incurs Operating Fees: Fake Coin Hack of $3.9 Million, but the Core Team Responds Quickly

At the end of last year, (December 27), the Flow network was hit by a serious attack revealed by Flow Foundation, exploiting vulnerabilities in the Cadence runtime system to create fake FLOW coins, causing damages exceeding $3.9 million.

Fortunately, the development team responded swiftly. Within 6 hours, they ordered the network to switch to read-only mode, halting the exchange of fake coins and securing assets.

The FLOW token price initially plummeted by 40%, then gradually recovered to trade at around $0.10. Recent data shows FLOW has increased by 6.33% over 24 hours, reflecting renewed confidence.

Flow confirmed that over 99% of user wallets are completely safe, with only a small portion affected by the fake coins. The team is actively working to strengthen security measures urgently.

Tether Creates Scudo Contract: Gold Becomes “The People’s Coin” with a Small Fraction

Tether, the issuer of the (Stablecoin), is planning to create a new asset called Scudo, which is a unit of account equal to 1/1,000 of a real ounce of gold.

What is this concept? It brings the idea of Bitcoin’s (smallest unit of BTC), Satoshi, to gold, making gold not just something stored in safes but a tradable asset that can be bought, sold, and used practically in the digital world.

Paolo Ardoino, Tether’s CEO, states that Scudo will help reduce storage issues for gold and enable ordinary people with small amounts of money to hold gold in fractional form.

The motivation behind this move is that gold and silver are experiencing significant upward trends: gold surged 65%, and silver over 140% in 2025 amid concerns over inflation and efforts to reduce dollar dependence.

Renowned economist Peter Schiff sees this upward movement as a sign of the largest inflation in U.S. history.

Market Sentiment Index: Fear and Greed Index Stays at 42

The Fear & Greed Index, a measure of market sentiment, has moved to 42, which is in the neutral zone between fear (0-50) and greed (50-100). This indicates that the market remains cautious, neither panicked nor overly greedy.

Summary: The crypto market shows mixed signals with ETH testing a critical level amid conflicting factors. Supportive news from MSCI regarding Strategy boosts confidence. The Flow incident highlights the importance of emergency response, and Tether is transforming the digital gold game with fractionalization. Latest data shows BTC at $96,650 (up 1.77%), while ETH is at $3,350 (up 1.79%).