Overview

Ethereum saw strong gains, nearing $3,400, driving a rally across the Ethereum ecosystem. Bitcoin also hit a new all-time high, approaching $99,000, reigniting market confidence.

Daily Macro

Bitcoin Market Performance:

Bitcoin reached a new high of $98,960, continuing its upward trajectory.

Bitcoin ETF Activity:

Yesterday, Bitcoin ETFs recorded a net inflow of $397 million.

Ethereum ETF Activity:

Yesterday, Ethereum ETFs recorded a net outflow of $9 million.

Macroeconomic Data:

U.S. SEC Chair Gary Gensler is set to step down on January 20, a development widely seen as positive for the cryptocurrency industry.

Daily Focus

Sui

Reason for Focus:

On November 21, the Sui mainnet experienced its first network failure. All validators entered a crash loop, halting all transactions for 2.5 hours. The outage was caused by a bug in the congestion control code introduced during a recent upgrade aimed at optimizing shared object utilization.

Related Token Performance:

SUI: -0.05% (24h)

Outlook:

While SUI’s price briefly dropped before rebounding, the outage highlighted security vulnerabilities in the Sui network. Investors should remain cautious and closely monitor future developments and upgrades.

Next Focus

Solana ETF

Reason for Focus:

Bloomberg senior ETF analyst James Seyffart revealed that Cboe has filed applications with the SEC for four Solana spot ETFs from VanEck, 21Shares, Canary Capital, and Bitwise. If the SEC does not reject these filings, the final decision deadline is expected by August 2025.

Related Token Performance:

SOL: +3.81% (24h)

Outlook:

Approval of a Solana spot ETF could significantly impact the market and boost Solana’s ecosystem. Investors should keep a close watch on the SEC’s decision regarding these applications.

CoinEx Daily: Ethereum Surges, Bitcoin Reaches New All-Time High