Wu's Daily Selected Crypto News + This Week's Macroeconomic Indicators

1. Sonic Labs and Monad Team Erupt in Dispute over TVL, Technology, and Valuation

Recently, Sonic Labs celebrated reaching a TVL of 100 million USD on Twitter, only to be mocked by Monad's growth director tunez, who claimed that this was almost as much as the money they (Fantom) permanently lost on Multichain. In response, Sonic Labs co-founder Andre Cronje retorted that Multichain, as an independent third-party cross-chain bridge, affected over 10 chains, but only Fantom continues to seek a solution; Monad changes its narrative every few months, initially presenting as parallel EVM, now shifting to MonadDB, with the next possibly being supersets; Monad's devnet is a fork of Avalanche, and the fees are denominated in AVA; Monad has a valuation of 3 billion but lacks a cross-chain bridge and technology, while Sonic has already achieved what Monad promised and is busy with the next-generation iteration. Monad co-founder Keone Hon responded that AC's accusations against Monad are incorrect.

2. QCP: Signs of Overheating in the US Economy, Rate Cut Expectations Shattered, Market Faces Three Major Economic Data Tests

QCP Capital noted that the US economy is indeed showing signs of overheating, illustrated by a stock market plunge, with any rumors of impending rate cuts evaporating. Potential tariffs from the Trump era have also raised concerns about inflation. Implied volatility remains at a relatively moderate level and is on a downward trend, with only slight bearish bias persisting until after Trump's inauguration. A macro storm cloud still looms, with PPI (January 14), CPI (January 15), and unemployment claims (January 16) set to be released, which could exacerbate the situation.

3. Greeks Live: Bitcoin's Attempt to Rally to $100,000 Fails, Short-Term Market Remains Lethargic

Bitcoin's attempt to rally to $100,000 has failed, with BTC ETF outflows continuing, resulting in a rather sluggish short-term market. Trump is about to be officially inaugurated as President of the United States, yet major speculative markets are filled with risk-averse sentiment, leading to significant declines in US stocks. CPI data will be released this Wednesday, marking the most crucial macro data before Trump's inauguration, as the market awaits various promises made by Trump to be fulfilled. New EU regulations require cryptocurrency exchanges to comply with travel rule guidelines, strengthening anti-money laundering measures, with exchanges like Deribit needing to improve KYC to function normally.

4. OpenSea Email Leak Incident Escalates: 7 Million Data Records Exposed, Threatening Privacy and Security in the Crypto Industry

In the email leak incident involving OpenSea's email service provider in June 2022, the leaked email addresses have been fully exposed after multiple disseminations, including CZ's email address. The scale of this data leak reaches 7 million records, involving a large number of overseas cryptocurrency practitioners' email information, including many well-known figures, companies, and KOLs. This incident may pose further threats to privacy and asset security in the cryptocurrency industry.

5. Trump Administration Plans to Appoint About 24 CEOs and Founders to Its Proposed Crypto Advisory Committee

The Trump administration plans to appoint approximately 24 CEOs and founders to its proposed crypto advisory committee. The committee may provide guidance on digital asset policy and collaborate with Congress to draft cryptocurrency legislation. Additionally, the committee plans to establish a strategic Bitcoin reserve to fulfill Trump's campaign promises. Furthermore, it will work with major government agencies including the SEC, CFTC, and Treasury to enhance regulatory transparency and foster a favorable environment for cryptocurrencies.

6. Wu Discusses This Week's Macro Indicators and Analysis: US Inflation Data CPI, PPI, Economic Condition Beige Book

Summary

Last week's Federal Reserve minutes indicated a slowdown in the pace of rate cuts, with non-farm employment significantly exceeding market expectations; this week, attention is focused on US inflation data CPI & PPI, as well as the Federal Reserve's economic condition beige book and the ECB's release of the December monetary policy meeting minutes.

Review of Last Week

• In December, the seasonally adjusted non-farm employment population in the US was 256,000, significantly exceeding the market expectation of 160,000, marking the highest level since March 2024.

• The unemployment rate in the US for December was 4.1%, compared to an estimate of 4.2%.

• In December, US ADP employment increased by 122,000, with expectations of 140,000 and a previous value of 146,000.

• China's December Caixin Services PMI recorded 52.2, an increase of 0.7 percentage points from November, the highest level since June 2024, indicating accelerated expansion in service sector activities.

Key Events & Indicators This Week

January 14

• U.S. December PPI year-on-year (21:30)

January 15

• U.S. December unadjusted CPI year-on-year (21:30)

January 16

• Federal Reserve releases the Beige Book on economic conditions (03:00)

• European Central Bank releases minutes from the December monetary policy meeting (20:30)

• U.S. initial jobless claims for the week ending January 11 (thousands) (21:30)