MarsBitNews

The U.S. Commodity Futures Trading Commission (CFTC) announced that Amir Zaidi is returning to the CFTC as Chief of Staff, expected to provide expert support for digital asset market regulation. Zaidi previously worked at the CFTC for many years and was instrumental in launching Bitcoin futures.

The Cyberspace Administration of China reported that this year, 1,418 illegal imitation websites were investigated and dealt with, an increase of 1.7 times compared to last year. These involved state-owned enterprises and financial institutions, leading to internet users being deceived and suffering financial losses.

Mars Finance News: On January 1st, Glassnode announced on social media that ETF capital flows still do not show signs of new demand. The 30-day moving average of net inflows for Bitcoin and Ethereum ETFs remains in the negative territory.

The U.S. Commodity Futures Trading Commission (CFTC) announced Amir Zaidi's return as Chief of Staff. He previously served from 2010 to 2019 and played a key role in the launch of Bitcoin futures contracts during the Trump administration. CFTC Chairman Michael Selig emphasized that Zaidi's experience will help in developing regulations that adapt to the rapidly evolving digital asset market.

Mars Finance News: Galaxy Digital states that Bitcoin experienced a correction after reaching a historic high of $126,080 on October 6, 2025. Currently, Bitcoin is trading at approximately $87,000, below the level of about $94,000 at the beginning of 2025. Galaxy Digital predicts that Bitcoin will reach $250,000 by the end of 2027. According to Galaxy Digital's monitoring, the 2025 market was affected by macroeconomic conditions, shifts in investment narratives, leverage liquidations, and large whale distributions, leading to a loss of market balance. Despite short-term uncertainties, institutional adoption continues to increase. For 2026, Galaxy Digital expects the on-chain internet capital market capitalization of Solana to grow from the current level of

火星财经消息，据路透社报道，印度央行发布金融稳定报告称，印度银行系统不良贷款率有望在 2026-27 财年降至 1.9%，低于 2025 年 9 月的 2.1%。但非银行金融机构（NBFC）风险上升，其不良贷款率预计将从 2.3% 升至 2.9%。报告同时重申对稳定币的担忧，强调稳定币对宏观金融稳定构成风险，支持各国优先发展央行数字货币（CBDC）以维护金融秩序。

In 2025, the NFT market supply surged to 1.34 billion units, but sales plummeted to $5.63 billion, a decrease of 37%. The average selling price dropped to $96, and the total market capitalization shrank from $9.2 billion to $2.4 billion, indicating a market slowdown trend.

Mars Finance reports that according to Arkham data, at 16:31, 4,000 ETH (worth approximately $11.89 million) was transferred from Chun Wang (F2Pool) to the Wrapped Ether (WETH) address.

Mars Finance reports that on-chain analyst Murphy (@Murphychen888) monitored that the average USD value of a single Bitcoin on-chain transaction decreased from $46,610 on December 14 to $24,897 on December 30, a decline of nearly 47%. During the same period, Bitcoin's price remained essentially within the $87,000-$88,000 range. Data shows that Bitcoin chip concentration has remained almost unchanged from December 25 to 30, currently at 14.4%. Murphy pointed out that this phenomenon indicates a decline in the enthusiasm of large funds to participate in turnover, possibly related to American investors being in holiday mode, leading to a temporary decrease in market liquidity. Analysts say that as liquidity gradually recovers, two situations usually occur: 1. Chip concentration continues to rise

In the past 24 hours, the global crypto market liquidation amount reached $108 million, affecting 61,045 people, with significant liquidations in both long and short positions of Bitcoin and Ethereum. The largest single liquidation occurred on the Hyperliquid platform.

Title: "Gary Yang: The Explosion of DeFi 2.0 in the Disordered Reorganization of 2026"
Author: Gary Yang
Source:
Reprinted from: Mars Finance
In Q4 of 2025, driven by the overlay of market and policy factors, traditional global finance and emerging open finance collided violently in an increasingly disordered environment. The intense changes cleared most of the residual heat from the first curve ( Note 1). Emotional wreckage is difficult to digest in a short period. Meanwhile, traditional finance has also become isolated amid the bubble narrative of AI and the chaos of the golden age, reaching the end of its strength. Central banks around the world are forced to rigidly satisfy the market's rigid aesthetic with textbook-like monetary and fiscal policies, artificially convincing everyone that these outdated economic inertia can still sustain for a little longer.
In several previous articles, I have already detailed the failure of the conventional economic model at the junction of the Kondratiev wave cycle, but

Crypto Finance News: Coinbase Chief Policy Officer Faryar Shirzad recently stated on social media that amendments to the GENIUS Act in Congress could weaken the competitiveness of USD stablecoins in the global payment space, while China is enhancing its appeal through the interest payment feature of digital yuan. The People's Bank of China announced this week that starting January 1, 2026, commercial banks will be allowed to pay interest on digital yuan wallet balances. Vice Governor of the People's Bank of China, Lu Lei, said this move will transition digital yuan from the "digital cash" era to the "digital deposit currency" era, further expanding its functions for value storage and cross-border payments. The GENIUS Act, passed in June this year, established reserve and compliance rules for stablecoins but prohibits issuers from paying direct interest, only allowing platforms and third parties to offer rewards linked to stablecoin usage.