[1/2] [Crypto/TradFi Information Summary] 2026-01-20 08:00 (Beijing Time) ━━ Important News ━━ 1. The Bermuda government announced a partnership with Coinbase and Circle to advance a fully on-chain national economy. This partnership will pilot stablecoin payments between government agencies, expand the adoption of USDC by local merchants, support financial institutions in integrating digital financial tools such as tokenization, and provide digital financial education and technical access support. (Decrypt | Cointelegraph | Wu Blockchain | The Block) 2. The NYSE disclosed/progressed plans for a trading platform for tokenized stocks and ETFs, aiming for 24/7 trading and settlement. Market participants (including CZ) said this is generally positive for the crypto industry. (Decrypt | CoinGape | The Block) 3. Trump's remarks regarding tariffs and Greenland have escalated geopolitical and trade tensions, prompting analysts to warn that the cryptocurrency market may experience volatility driven by these headlines. Trump stated he would impose new tariffs "100%" on some EU countries; Denmark is reportedly deploying more troops to Greenland; research indicates that approximately 96% of the costs of existing US tariffs are borne by US consumers and importers (foreign exporters absorb only about 4%). Multiple institutions have warned that the cryptocurrency market may experience volatility in the coming days due to tariff-related headlines. (Kobeissi Letter | CoinDesk | WSJ/Nick Timiraos) 4. CME FedWatch Tool: 95% probability of interest rates remaining unchanged in January. The probability of a 25bp rate cut is 5%; by March: the probability of a cumulative 25bp rate cut is 20.7%, the probability of no change is 78.4%, and the probability of a cumulative 50bp rate cut is 0.9%. (BlockBeats) 5. US Treasury Secretary Bessent: The Fed's independence "does not mean the absence of oversight"; Powell will attend a Supreme Court hearing. Bessent stated that the Federal Reserve's independence does not mean there is no oversight; according to the Associated Press, Federal Reserve Chairman Powell will attend a Supreme Court hearing regarding Federal Reserve Governor Cook. (WatcherGuru | BlockBeats) 6. Over $852 million was liquidated in the crypto market in the past 24 hours, with approximately $787 million of long positions liquidated (Cointelegraph). 7. BitMine has staked another 86,848 ETH (approximately $279.4 million), bringing its total staked amount to 1,771,936 ETH (approximately $5.65 billion). (BlockBeats) 8. A suspected whale transferred out and may have sold 13,000 ETH (approximately $41.75 million) through the Galaxy Digital OTC wallet. Of these, 6,500 ETH (approximately US$20.89 million) have been deposited in Binance, Bybit, and OKX. (BlockBeats | PANews | Odaily) 9. Paradex perpetual contract exchange malfunction: BTC price once "plummeted to $0" and triggered a chain of liquidations, subsequently requiring a chain rollback (Decrypt). 10. A case of high returns for ZReaL tokens, suspected to be from "insider wallets": $285 grew to $627,000 (approximately 2,200 times). He spent $285 to buy 66.3 million ZReaL tokens, then sold 19.98 million for a profit of about $210,000, and currently still holds 46.3 million tokens (about $417,000). (PANews | CoinDesk) Market Analysis 1. ETH falls below $3200 OKX was once quoted at $3198.98; different data sources show a 24-hour drop of approximately 3.57% to 4.65% (depending on the source). (BlockBeats | PANews | Odaily) 2. The total long positions held by the "BTC OG insider whale" amounted to approximately $874 million, with unrealized profits narrowing to $9.6 million.