【Market Dynamics】A leading exchange officially launched perpetual contracts for precious metals on January 8, initially introducing gold and silver products. Subsequently announced the launch of the DeepNode project on January 9. These initiatives further enrich the platform's trading categories and attract the attention of traditional financial asset participants.

【Derivatives Sentiment】Options market data shows sustained bullish positioning. An OTC trading head believes Q1 may experience relief-driven rebounds, indicating market participants maintain optimistic short-term expectations.

【On-chain Performance】A public blockchain's blockchain fees ranked first in the past 24 hours, reflecting rising ecosystem activity. Meanwhile, ETH staking scale continues to expand—a staking platform has cumulatively staked 9.36 billion ETH, with a total value reaching $2.87 billion, setting a new all-time high.

【Policy】The U.S. Treasury Department stated the government has begun systematically incorporating enforcement-confiscated bitcoin into strategic reserves, signaling major policy implications. Domestically, Shanghai Intermediate People's Court clarified that individuals merely holding coins and trading coins generally cannot be identified as illegal business operations, providing legal certainty for crypto asset holders.

【Technical Perspective】Ethereum founder emphasized that Ethereum, like Linux, provides a home for users pursuing autonomy while serving the general public and enterprises, embodying its open and inclusive design philosophy.