[2/3] Precious metals experienced unusual volatility: spot gold once fell below $5,000/ounce and dropped to around $4,883/ounce, while silver once fell nearly 10% to around $75-76/ounce. Market opinions differ on the reasons for the short-term decline. US stocks also weakened, with the S&P 500 falling by about 1.6% and the Nasdaq falling by about 2%. (BlockBeats | Odaily | dbnewsdelayed | WatcherGuru) 2. Crypto market plunge triggers chain liquidations: BTC falls below 67,000/66,000, with approximately $278 million liquidated in 24 hours. BTC fell below 67,000 and 66,000 respectively, with a low of around 65,900; ETH fell below 1,900. In derivatives, Coinglass shows approximately $80.54 million in liquidations in the past hour and approximately $278 million in the past 24 hours (mainly long positions). The largest single liquidation occurred on Hyperliquid's BTC-USD pair (approximately $11.86 million). (Odaily | BlockBeats | Odaily) 3. Divergent Institutional Views: JPMorgan Chase says BTC has support around 77,000; Standard Chartered lowers its 2026 target price to 100,000. JPMorgan believes the key support level for BTC is around $77,000 and remains positive on the overall crypto market in 2026; Standard Chartered, citing rising macroeconomic risks and slowing demand for corporate "Bitcoin vaults," lowered its BTC 2026 price target to $100,000, but maintained its long-term vision of $500,000 by 2030. (The Block | Bloomberg) 4. Miner cost metrics come under renewed scrutiny: Estimated cost of mining 1 BTC is approximately $84,000, higher than the current price. According to reports citing MacroMicro data, the average estimated cost of mining 1 BTC is approximately $84,000, higher than the current price level; some interpretations suggest that this metric has entered the "stress/surrender" zone and requires close attention. (Cointelegraph | CoinGape) ━━ Project Updates ━━ 1. Polymarket expands crypto price prediction: launches "5-minute price change" betting. Polymarket expands its cryptocurrency price prediction market, allowing users to bet on the price movement of a specific coin within the next 5 minutes; this is interpreted as a further boost to short-term speculation and liquidity accumulation. (Velo (ZoomerfiedNews) | WatcherGuru) 2. Sonic Labs clarifies: Andre Cronje does not unilaterally control the fund and denies misappropriation of funds. Sonic Labs stated that AC does not unilaterally control the Sonic Development Fund, and that the treasury grew to a nine-figure size during 2020–2021, with no misappropriation of funds. (BlockBeats) 3. Bitdeer returned to profitability in Q4, with revenue tripling, but its stock price fell by about 8% after the earnings report. Bitdeer announced a return to profitability in Q4 with a significant year-on-year increase in revenue, but the market reaction was negative, and the stock price fell by about 8% after the earnings report. (The Block) 4. H100, a Swedish-listed "Bitcoin Treasury" company, completed its acquisition of Swiss company Future Holdings and expanded its advisory team. H100 Group AB announced the completion of its acquisition of Swiss Future Holdings and brought in Richard Byworth, SYZCAP, and HUGESKY852 as advisors, with plans to further strengthen its capital markets, credit, and institutionalization capabilities. (BlockBeats) 5. CZ News: Approximately $18,000 in livestream donations will be donated, and Africa is stated as an important growth market for crypto platforms. CZ stated that he will donate the $17,928.11 in donations received during this AMA/live stream to Giggle Academy; he also said that the low banking penetration rate and increasing smartphone adoption in Africa present an opportunity that crypto platforms should not miss. (Foresight News | BlockBeats) ━━ Other ━━ 1. SWIFT joins the Bank of England's Synchronisation Lab: Testing cross-border FX and DvP tokenized securities settlement SWIFT has joined the BoE Synchronisation Lab to participate in testing the tokenized securities settlement process for cross-border foreign exchange (FX) and delivery versus payment (DvP). (Cointelegraph) 2. Grok AI claims X Money is considering integrating BTC. According to Grok AI, which is associated with Elon Musk, X Money is considering integrating Bitcoin payments/functionality. (Odaily) 3. The encrypted Super PAC reportedly invested $1.5 million in an attempt to oust Representative Al Green in the Texas Democratic primary. The report states that the crypto super PAC launched a $1.5 million campaign with the goal of defeating Representative Al Green in the Texas Democratic primary. (The Block) 4. Anthropic completes $30 billion funding round: valuation approximately $380 billion (including this round) AI company Anthropic has raised $30 billion in funding, led by GIC and Coatue, with participation from Nvidia and Microsoft, among others; and will allow employees to sell shares at the valuation of this round. (BlockBeats | trad_fin) 5. Geopolitical News Briefs: Reports indicate that Trump suspended the ban on Chinese technology companies before the Xi-Trump summit; and that negotiations with Iran may reach an agreement within the next month, otherwise it will enter a "second phase." Additionally, the Wall Street Journal reports that the US secretly smuggled approximately 6,000 Starlink terminals to Iran to facilitate network connectivity (the White House declined to comment).