Date: January 27, 2025
Author: BlockBeats Editorial Team
Over the past 24 hours, the crypto market has witnessed various dynamics ranging from macroeconomic discussions to specific ecosystem developments. Mainstream topics have focused on the amazing performance of AI automated trading in predicting markets, ongoing community scrutiny of Binance and CZ, and the latest developments in the U.S. crypto regulatory framework. On the ecosystem development front, Base Ecosystem Lead Jesse has clarified the stance of not intervening in token prices, while the Perp DEX track has seen intense competition revolving around HYPE token sell-off analysis and the listing of new assets.
AI automated trading has shown remarkable potential on the prediction market Polymarket. A user shared the experimental results of their AI bot, ClawdBot, on X Platform (formerly Twitter). The user provided $100 to ClawdBot and instructed it to trade the Bitcoin price movement market on Polymarket for 15 minutes, with the goal of maximizing profit and strictly controlling risk.
The experimental results were astonishing: ClawdBot turned the $100 investment into $347 overnight, achieving a 2.5x return. The bot employed a multidimensional strategy, including analyzing over 50 past 15-minute Bitcoin price trends to identify momentum patterns, real-time scanning of X Platform sentiment and news flow for sentiment analysis, use of RSI and short-term moving averages as technical indicators, and a fund management approach that gradually increased position size starting from small profits through compounding.
The user noted that ClawdBot not only documented the complete reasoning process for each trade but also engaged in self-reflection, highlighting the significant advantages of automation in trading in 2026.
The community's questioning of Binance and CZ continues to intensify, focusing primarily on underperforming assets associated with Binance and internal sell-off issues.
Some views have pointed out that since CZ encountered legal issues, all assets related to Binance have performed poorly, with an average drop of over 80%, without exception. This market performance, coupled with significant sell-offs by Binance users during CZ's proclamation of a "super cycle" on Binance, has fueled community dissatisfaction and criticism.
The prices of traditional safe-haven assets gold and silver experienced a huge price swing in a short period, sparking discussions in the crypto community. It was reported that gold and silver lost $1.7 trillion in market value in 90 minutes, described as one of the largest reversals in history.
The crypto community's response was to use this event as evidence, emphasizing the early potential and relative advantages of the cryptocurrency market. Some comments suggested that the sharp fluctuations in the gold and silver market highlighted the vulnerability of traditional assets, further proving the legitimacy of cryptocurrency as an alternative store of value.
The U.S. cryptocurrency regulatory framework has seen new developments. The CLARITY Act aims to provide much-needed regulatory clarity to the crypto industry by clearly defining the regulatory authority of the SEC (U.S. Securities and Exchange Commission) and the CFTC (Commodity Futures Trading Commission).
In addition, BlackRock's Bitcoin Yield ETF has also become a market focus, reflecting traditional financial institutions' continued interest in and product innovations involving crypto assets within a compliant framework.
New progress has been made in the on-chain investigation of the Trove Markets scam. The investigation indicates that the mastermind behind this scam may not be the apparent "puppet" figure but rather an "external" liquidity provider with direct access to ICO funds.
This entity recently moved $1.8 million to centralized exchanges (CEXs), actions believed to be related to the scam. Clues have linked this individual to Jin Qing Qing, a member of the Popp team, exposing intricate internal connections behind the crypto fraud.
Base ecosystem lead Jesse Pollak made it clear that the Base core team will not privately coordinate or deploy funds to artificially boost the Base ecosystem token's price. He emphasized that such interference would actively harm other assets, lack repeatability or long-term sustainability, violate the values of a free and open market, and may even break the law.
Jesse's statement aimed to uphold the principles of fairness, openness, and a free market in the Base ecosystem, stating that the team will focus on increasing the visibility and distribution of high-quality assets and applications.
Meanwhile, the Base ecosystem has launched a new application for Twitter attention trading called Breakout, allowing users to convert attention into a tradable asset, further exploring the integration of social media with on-chain economy.
Ethereum core developer Austin Griffith also showcased the latest progress on his improved Twitter ClawdBot. Austin Griffith provides tools like scaffold-eth and ethereum wingman for his clawdbot and instructs it to "build something." ClawdBot is building a game called ClawdFomo3D, the "King of the Hill" game where each round will burn $CLAWD tokens. This event showcases developers actively exploring the potential for AI agents to autonomously develop and deploy applications in the Base ecosystem.
The Perp DEX race track competition has been intense, with the HYPE token's decline sparking in-depth analysis. The analysis indicates that the drop of HYPE from $45-50 to $20 was not accidental but was caused by three specific selling pressures.
Firstly, there was a team unlocking issue. Although the monthly unlocking amount was significant, the actual circulation and sale ratio were much lower than market expectations, and the selling pressure has been largely absorbed by the market. Secondly, there were leverage liquidations. Overly concentrated early long positions led to a series of liquidations, but the leverage structure has now become more balanced. Lastly, there were sales from Tornado Cash-related addresses. A cluster of 16 addresses funded through Tornado Cash engaged in mechanical selling, but an anonymous CEX buyer (potentially related to PURR DAT) conducted arbitrage through Wintermute, absorbing most of the selling pressure and supporting the price.
In terms of product innovation, Perp DEX continues to expand the range of tradable assets.
HIP-3 exchange Felix Protocol announced the design of Felix Spot Equities, planning to launch spot tokens for over 100 US stocks and ETFs. This design, through a mint/redeem mechanism, leverages Ondo to access liquidity on the Ethereum mainnet from traditional exchanges like NYSE/Nasdaq, aiming to provide on-chain traders with a low-cost, high-liquidity trading experience for traditional financial assets.
Meanwhile, Tether's CEO Paolo Ardoino retweeted a tweet supporting USDT trading pairs on the HIP3 exchange Dreamcash, emphasizing USDT's core position and widespread application in the decentralized trading space.
Additionally, Ostium Labs has announced the launch of Uranium perpetual contracts on its platform, further enhancing the range of spot asset trading on Perp DEX.
Welcome to join the official BlockBeats community:
Telegram Subscription Group: https://t.me/theblockbeats
Telegram Discussion Group: https://t.me/BlockBeats_App
Official Twitter Account: https://twitter.com/BlockBeatsAsia