According to the latest weekly data from CoinShares, digital asset investment products saw a net outflow of $75 million last week. 2025 started strongly, with inflows of $585 million in the first three days.

The "Guidelines for the Construction of National Data Infrastructure" issued by the National Development and Reform Commission, the National Bureau of Statistics, and the Ministry of Industry and Information Technology clearly proposes to use blockchain technology, encryption technology, and smart contracts to build a trusted data circulation system. The guidelines encourage industries and localities to explore blockchain networks and privacy-protected computing platforms, enhance trust and security in the process of data circulation, promote the construction of a national integrated distributed data directory and digital identity system, and strengthen the traceability and trust of data asset certificates.

Agents cannot do without Crypto, because only Crypto can give Agents social attributes and social organization capabilities, allowing Agents to become truly intelligent life forms, that is, to become true "silicon-based people". The future development of Crypto is also inseparable from Agents. Because Agents can create countless "on-chain users" and "on-chain economies" for Crypto. Compared with carbon-based life living off the chain - humans, Crypto is more inseparable from silicon-based life that naturally lives on the chain - intelligent bodies (Agents)

According to the January 2025 Market Insights report released by Binance Research, the crypto market capitalization soared to an all-time high of $3.91 trillion in December 2024, driven by regulatory optimism, institutional adoption and Bitcoin hitting an all-time high of $108,000. However, as the Federal Reserve reduced its 2025 rate cut plan from four to two, the market pulled back in late December, with the market value evaporating by more than $0.5 trillion. Bitcoin's market value increased by about 123.4% throughout the year, becoming the world's seventh-largest asset, surpassing Saudi Aramco and silver, and second only to Nvidia's performance. The main drivers include the approval of spot ETFs, Bitcoin halving, changes in monetary policy, and more supportive regulatory expectations for cryptocurrencies. In addition, Ethena's USDe market value has reached $5.9 billion, surpassing DAI to become the third largest stablecoin, thanks to its high yield and application as Aave collateral. Decentralized spot and perpetual contract trading volumes reached record highs of $326 billion and $356 billion respectively in December, while decentralized perpetual trading volumes grew by more than 370% throughout the year, mainly driven by Hyperliquid. TVL in the DeFi field also hit new highs, with lending protocols and liquid pledge protocols reaching $55 billion and $71 billion respectively. AI agents have gradually become an emerging hot spot in the crypto field, with the market value of related tokens reaching billions of dollars and an average daily exposure of about 100,000 times. Representative projects include Virtuals and ai16z's Eliza framework, as well as individual agents aixbt, etc.

According to Binance’s announcement, Solv Protocol MegaDrop event is now open. It is reported that Binance will list SOLV at 18:00 on January 17 and open SOLV/USDT, SOLV/BNB, SOLV/FDUSD and SOLV/TRY trading pairs, and mark SOLV with the “seed” tag. This Megadrop reward pool contains 588 million SOLV, accounting for 7% of the Genesis token supply. Earlier news, Binance Megadrop launched Solv Protocol (SOLV).

In general, looking back at 2024 and looking forward to 2025, I think it is appropriate to summarize it in four sentences: from grassroots to universal, from chaos to order, from depression to bubble, and from conservatism to reform. Next, I will share my thoughts and prospects with some events that I think are more representative.