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On January 8th, Electric Coin Company (ECC), the core developer of Zcash (ZEC), CEO Josh Swihart announced that the ECC team has recently completely left its original organizational structure and plans to establish a new company. The reason is that its higher governance body, Bootstrap (a 501(c)(3) nonprofit organization responsible for governing ECC and supporting Zcash), has experienced a "significant and ongoing deviation" from Zcash's core mission in terms of governance direction. Josh stated that over the past few weeks, the majority of members on the Bootstrap board—including Zaki Manian, Christina Garman, Alan Fairless, and ZCAM—

CEX CEO Brian Armstrong stated that he feels good about purchasing CEX stock, but community surveys have found that he has not bought any COIN stock through a 10b5-1 plan, and his frequent selling activities have raised questions about confidence in management. CEX stock has fallen 45% over the past six months.

1 月 8 日，据 AI 姨监测，地址 0x899…360a6 10 小时前向 CEX 充值 1800 万枚「CEX人生」，价值 249.6 万美元，充值价格 0.1386 美元。他曾在 2025 年 10 月 7 日和 8 日期间高点初次买入，持续增持至 11 月 18 日，平均成本约 0.171 美元，本次若卖出仍将亏损 58.1 万美元。

CryptoQuant analyst points out that the Bitcoin market has shifted from deleveraging to a phase of moderate expansion, with positive sentiment returning and reducing liquidation risks. The current price remains steady and upward, with open interest growing slowly, but caution is needed regarding the potential risk of excessive speculative position accumulation.

On January 8th, market correction led to a cooling of the Solana on-chain ecosystem, with most Meme coins experiencing a decline in price. Only WhiteWhale defied the trend and surged to a market cap of 100 million. Some Meme coins like SPSC and SOL recorded gains. Investors are reminded that Meme coin trading is highly volatile and risky.

On January 8th, Burwick Law, a U.S. law firm, announced that the plaintiff filed an amended complaint today in federal court, accusing PumpFun operator Baton Corp, as well as Solana Foundation, Solana Labs, and some executives, of violating the Racketeer Influenced and Corrupt Organizations Act (RICO).

On January 8th, the BTC market experienced fluctuations, with the unrealized gains of the "BTC OG Insider Whale" reduced to $7.8 million, and some long whales turning into losses. Meanwhile, a new short position "Shanzhai Short Army Leader" established an $8.2 million BTC short. Other whales such as "CZ Opponent" and "ZEC Largest Short" also experienced varying degrees of losses and adjustments. Overall market dynamics indicate increased bearish activity.

CryptoQuant CEO Ki Young Ju stated that with the current diversification of liquidity channels, institutions holding Bitcoin long-term have ended the whale-retail selling cycle. It is expected that Bitcoin will consolidate in the coming months, and there will be no decline of more than 50%.

Kalshi CEO Tarek Mansour supports legislation proposed by New York State Democratic Congressman Ritchie Torres to ban government officials from trading in prediction markets when in possession of insider information, and calls for regulation of unregulated offshore platforms.

On January 8th, Glassnode published its weekly market observation report stating that Bitcoin has cleared a significant portion of residual positions in the spot, futures, and options markets as the new year begins. The deleveraging event by the end of 2025 and the expiry cycle at year-end have effectively reset the market's structural constraints, leaving a clearer and more transparent signaling environment. Early signs of market reactivation have already appeared. ETF capital flows are beginning to stabilize, futures market participation is rebuilding, and the options market has also shifted noticeably to bullish, with skewness trending toward normalization, volatility bottoming out, and traders' gamma near key high strike prices turning to short. These dynamics collectively indicate that the market is transitioning from a defensive, distribution-driven behavior pattern to selectively taking on risk again and rebuilding engagement. Although structural accumulation remains moderate, the clearing of overextended positions and the re-emergence of upside potential suggest that Bitcoin in 2026