Gate Insights and Crypto Market Analysis

黃金價格突破 5,100 美元創歷史新高，推動代幣化黃金市值升至 52.5 億美元。XAUT 市佔率從 2025 年底 60% 降至 50%，市值 26 億美元。Tether 持有 520,089 盎司黃金，Q4 增持 27 公噸超越多數央行，但 PAXG、KAU 等競爭對手崛起，法興預測金價年底衝 6,000 美元。

2026年山寨币市场进入选择性成熟期，特定大型山寨币的技术和实用性成为投资者关注重点。Solana在智能合约领域崛起，XRP潜力被重新评估，BNB和WETH也展示出强劲的市场表现。狗狗币则以其社区影响力备受关注。整体来看，山寨币市场正呈现分化与结构性变化。

The stablecoin market has achieved a monumental milestone, surpassing \$284 billion in circulation, yet simultaneously faces a curious \$2.2 billion capital outflow over ten days. This duality underscores the complex narrative surrounding digital dollars. While banking lobbyists sound alarms over potential deposit flight and systemic risk, prominent analysts and historical data suggest stablecoins act as complementary financial infrastructure rather than a destabilizing force. This analy

Jeff Yan 首推宣告 Hyperliquid 成流動性最強場所，BTC 價差超幣安。HIP-3 OI 衝 7.9 億增 200%，TradeXYZ 日交易 12.9 億占 90%。避險商品推動，HYPE 漲 13% 突破 20 日 EMA。

A severe winter storm sweeping across the United States has triggered a significant stress test for the Bitcoin network, leading to an estimated 8-10% drop in global hashrate as major American mining operations voluntarily curtailed power to stabilize local grids. Leading mining pool Foundry saw its hashpower plummet by as much as 60%, from 340 EH/s to 136 EH/s, highlighting the network's growing dependence on geographically concentrated, grid-responsive mining. This event underscores a

撰文：梁宇\n\n编审：赵一丹\n\n \n\n2026 年 1 月 21 日，瑞士达沃斯冰雪未消，一场关于全球金融未来的讨论正在升温。香港特区政府财政司司长陈茂波在此间向世界宣布，香港预计将于年内发出首批稳定币相关牌照，并重申将恪守「相同活动、相同风险、相同监管」的原则。此番表态，与他半年前在 2024 年 12 月公开确认今年将推出稳定币发牌制度的计划一脉相承。\n\n \n\n这项即将落地的政策，并非孤立之举。陈茂波在达沃斯的讲话中，系统性地勾勒出香港数字资产的战略蓝图：自 2023 年起，香港已向 11

白銀錄得 2008 年金融危機以來最大單日漲幅，暴漲 14% 衝至 117 美元後急跌超 7%，隨後反彈至 110 美元上方。黃金突破 5,111 美元創歷史新高後回穩 5,100 美元。日本債券拋售潮引發貨幣貶值交易，金銀比跌至 50 創一年新低，賀利氏警告超買風險。

Stablecoin supply dropped by $2.24 billion as Bitcoin's price fell from $95,000 to $88,000, indicating a shift of investors to fiat. The muted risk appetite is evident in stagnant Bitcoin derivatives, with capital flowing towards gold instead.

In a stark reversal of sentiment, institutional cryptocurrency investment products witnessed a massive \$1.73 billion in net outflows last week, marking the largest weekly capital flight since November 2025. According to data from CoinShares, the sell-off was led by Bitcoin products (\$1.09B outflows) and Ethereum funds (\$630M outflows), concentrated heavily in the United States. Analysts point to a triple-threat of negative catalysts: fading expectations for near-term Federal Reserve i

Pi Network 在主網上線前推出測試網 USDT 錢包，鼓勵數百萬先行者測試交易、代幣互換與流動性池功能。目前約 59,000 枚測試版 USDT 流通，用戶可免費體驗 DeFi 應用並協助發現漏洞，為正式連接主網做最後準備。

When prompted with a bullish macroeconomic scenario, OpenAI's ChatGPT has generated a set of striking price predictions for three leading altcoins by the end of 2026. The AI model suggests XRP could rally over 530% to reach \$12, Solana (SOL) might surge to \$650 (more than doubling its all-time high), and Dogecoin could see a 7.5x increase to approach \$0.90. These projections hinge on the continuation of a major bull market supported by favorable U.S. regulation and accelerating instit

XRP 終結連跌 4 天漲 3.83% 收 1.9041 美元。參議院農業委員會重新安排市場結構法案審議至 1 月 29 日，加拿大否認與中國簽 FTA 緩解關稅壓力。技術面需突破 2.0 美元，中期目標 3.0 美元，長期挑戰 3.66 美元歷史高點。

Prediction markets on Polymarket and Kalshi have placed BlackRock Chief Investment Officer Rick Rieder as the clear frontrunner to become the next Chair of the Federal Reserve, assigning him a 43-45% probability following explicit praise from President Donald Trump at the World Economic Forum in Davos. This surge displaces former favorite Kevin Hassett, whose odds collapsed to 8% after Trump signaled a preference to keep him in his current White House role. Rieder’s potential nomination r

美國風暴致 Foundry 算力從 340 跌至 242 EH/s（-30%），區塊時間飆至 14 分鐘。Luxor 也下線 110 EH/s。德州礦工參與 ERCOT 限電計劃，CleanSpark 數分鐘削減數百兆瓦。地理協調雙重集中暴露脆弱性。

HashKey平台代币HSK于1月26日正式上线Kraken交易所，开启美元和欧元市场现货交易，标志着向法币流动性的关键迈进。此举是HashKey集团与Kraken战略合作的延伸，旨在推动亚太地区的代币化资产采用。HSK已有多种应用场景，并在多个主流交易平台上线，登陆Kraken有助于构建国际化用户结构。

1 月 30 日美國政府關門截止日逼近，比特幣在跌破 1 月高點後承壓。歷史數據顯示，過去四次停擺比特幣三次下跌，僅 2018 年技術性反彈例外。礦工產量因冬季風暴暴跌，MARA 從 45 枚降至 7 枚，已實現虧損增加顯示投資者恐慌離場。

BitMine Immersion Technologies, the NYSE-listed firm chaired by Wall Street veteran Tom Lee, has cemented its position as the world's largest institutional holder of Ethereum. In its largest purchase of 2026, the company added 40,302 ETH last week, bringing its staggering treasury to 4,243,338 ETH—approximately 3.52% of the entire circulating supply, valued at \$12.33 billion. Beyond mere accumulation, BitMine has transformed nearly half of its holdings into a powerful revenue engine, st

In brief Attackers have used a fake video call and a Zoom “audio fix” to deliver macOS malware. The method matches a previously documented intrusion method tied to North Korea’s BlueNoroff, a Lazarus sub-group. The incident comes as AI-driven impersonation scams pushed crypto losses to a

Strategy has executed its fourth Bitcoin acquisition of January 2026, purchasing 2,932 BTC for approximately \$264.1 million. While this reinforces the company's unwavering commitment to its Bitcoin treasury strategy, a deeper analysis reveals growing structural cracks. The purchase was funded entirely by selling new shares while the company's stock trades at a discount to its Bitcoin-backed net asset value (mNAV). This critical shift means the once-accretive model of issuing equity to b