According to GMGN data, the market capitalization of PENGUIN, a Meme coin on the Solana blockchain, has surpassed $60 million, setting a new record high of $60.5 million, with a 24-hour increase of over 800%.

Huoxun Finance reported on January 24th that Jack Yi, founder of LiquidCapital, posted on the X platform: "ETH is the biggest beneficiary of stablecoin globalization and the on-chaining of finance, and these are also the biggest opportunities for the practical application of crypto. In the short term, bottoming out is a normal process. What I've been working on every day recently is buying more ETH on dips and actively participating in various ETH capital platforms to help them expand their capital and add more ETH. Only through hard work and going long can we reap the ultimate rewards."

According to data from SoSoValue, Ethereum spot ETFs saw a total net outflow of $41.7358 million yesterday (January 23rd, Eastern Time). The Ethereum spot ETF with the largest single-day net inflow was the Grayscale Ethereum Mini Trust ETF (ETH), with a net inflow of $9.1571 million, bringing ETH's historical total net inflow to $1.643 billion. This was followed by the Fidelity ETF (FETH), with a net inflow of $4.3963 million, bringing FETH's historical total net inflow to $2.591 billion. The Ethereum spot ETF with the largest single-day net outflow was the BlackRock ETF (ETHA), with a net outflow of $44.4925 million, bringing ETHA's historical total net inflow to $12.506 billion. As of press time, the total net asset value of the Ethereum spot ETF is $17.702 billion, the ETF net asset ratio (market capitalization as a percentage of Ethereum's total market capitalization) is 4.99%, and the historical cumulative net inflow has reached $12.302 billion.

According to data from SoSoValue, Bitcoin spot ETFs saw a net outflow of $104 million yesterday (January 23rd, Eastern Time). The BlackRock ETF (IBIT) experienced the largest single-day net outflow at $102 million, bringing its total historical net inflow to $62.903 billion. The Fidelity ETF (FBTC) followed with a net outflow of $1.9473 million, bringing its total historical net inflow to $11.465 billion. As of press time, the total net asset value of Bitcoin spot ETFs was $115.883 billion, with an ETF net asset value ratio (market capitalization as a percentage of Bitcoin's total market capitalization) of 6.48%, and a cumulative historical net inflow of $56.495 billion.

According to a report released by Gate Research Institute on January 24th, titled "2025 Cryptocurrency Market Review and 2026 Outlook," the total market capitalization of cryptocurrencies in 2025 exhibited a clear "fall-rebound-fall back" trend. The report shows that the trading volume of on-chain perpetual contracts continued to expand in 2025, with significant improvements in liquidity and trading experience. Meanwhile, the forecast market trading volume exceeded $10 billion for the year, and product functions gradually upgraded from early event-driven trading to pricing signals for macroeconomic conditions, policy expectations, and sporting event results. The crypto payment sector continued to grow, supported by improved stablecoin settlement efficiency and increased cross-border consumption demand, accelerating the penetration of stablecoins into real-world payment scenarios. From a capital perspective, the Web3 industry completed nearly 1,000 financing rounds in 2025, totaling approximately $34.9 billion, indicating more selective capital allocation. At the same time, although the number of Web3 security incidents decreased throughout the year, the scale of individual losses increased significantly, further highlighting the importance of security auditing and access control. Looking ahead to 2026, Gate Research believes that Bitcoin's holding structure is continuing to concentrate on large institutions and professional custodians, which will help improve overall market stability. Against the backdrop of increasing uncertainty regarding inflation and employment prospects, the path of monetary policy remains uncertain, and the pace and magnitude of subsequent interest rate cuts will heavily depend on future economic data.