Crypto Morning News: Deepseek tops the free app charts in both China and U.S. Apple App Stores; Jupiter announces 50% of protocol fees will be used to回购 JUP tokens
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Crypto Morning News: Deepseek tops the free app charts in both China and U.S. Apple App Stores; Jupiter announces 50% of protocol fees will be used to回购 JUP tokens
Tokens such as SUI, OP, and TRIBL will undergo large-scale unlocks this week.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Highlights
Deepseek Tops Apple’s Free App Download Charts in China and the U.S.
The Deepseek app has reached the top of Apple's free app download charts in both its Chinese and U.S. App Stores, surpassing ChatGPT on the U.S. chart.
DeepSeek has recently delivered strong performance, with its open-source model DeepSeek-R1 ranking third overall on Chatbot Arena, alongside OpenAI’s top reasoning models. With a low-cost strategy of just RMB 0.1 per million tokens and outstanding performance, DeepSeek has drawn attention from tech giants including Meta. Founded by HF Quant in July 2023, the company is known in the industry as the “Pinduoduo of AI.”
THORChain Announces 90-Day Network Restructuring Plan, Suspends THORFi Lending and Savings Services
This morning, decentralized cross-chain liquidity protocol THORChain announced a 90-day network restructuring plan. Node operators have suspended lending and savings redemption functions on THORFi, while core features such as Swap trading, liquidity provision (LP), and RUNE transfers remain operational.
The project team stated that community proposals for responsible debt restructuring will be prioritized during the reorganization period. Node operators plan to meet with proposal authors early next week to discuss specific solutions. Relevant proposals have already been submitted on THORChain’s developer Discord, and the team emphasized that open dialogue will ensure comprehensive and feasible outcomes.
Jupiter Announces 50% of Protocol Fees Will Be Used to Repurchase JUP Tokens
According to an official announcement, Solana-based DEX Jupiter Exchange will split its protocol fees into two parts: 50% will be used to repurchase JUP tokens and deposit them into a long-term reserve (litterbox), while the remaining 50% will support platform growth, future strategic planning, and operational stability.
SUI, OP, TRIBL, and Other Tokens Face Major Unlock Events This Week; SUI Unlock Worth Approximately $265 Million
According to Token Unlocks data, SUI, OP, TRIBL, ZETA, and other tokens will undergo significant unlock events this week:
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Sui (SUI): Approximately 64.19 million tokens will unlock at 8:00 AM on February 1, representing 2.13% of current circulating supply, valued at around $265 million;
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Optimism (OP): Approximately 31.34 million tokens will unlock at 8:00 AM on January 31, accounting for 2.32% of circulating supply, valued at about $51.4 million;
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Tribal Token (TRIBL): Approximately 22.07 million tokens will unlock at 8:00 AM on January 29, making up a high 14.03% of circulating supply, valued at around $39.7 million;
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ZetaChain (ZETA): Approximately 44.26 million tokens will unlock at 8:00 AM on February 1, representing 6.98% of circulating supply, worth approximately $20.9 million;
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Ethena (ENA): Approximately 12.86 million tokens will unlock at 3:00 PM on January 29, only 0.42% of circulating supply, valued at about $10.9 million;
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Sleepless AI (AI): Approximately 18.21 million tokens will unlock at 8:00 AM on February 1, representing 14.01% of circulating supply, valued at around $10 million.
BitMEX Co-Founder: BTC May Pull Back to $70K–$75K Range in Short Term, But Could Reach $250K by Year-End
Arthur Hayes, co-founder of cryptocurrency exchange BitMEX, posted on X stating that BTC may pull back to the $70,000–$75,000 range. However, he believes a minor financial crisis combined with renewed money printing could drive BTC to $250,000 by year-end.
Abstract Announces Mainnet Launch Tomorrow
Abstract announced on its official X account that it will launch its mainnet tomorrow.
Michael Saylor Posts SaylorTracker Update for Twelfth Consecutive Week, Hinting at Potential BTC Accumulation
MicroStrategy founder Michael Saylor has shared SaylorTracker-related information for the twelfth consecutive week, stating: "Don’t stop thinking about tomorrow."
Data from the SaylorTracker website shows the blue line representing Bitcoin’s price trend and green dots marking accumulation events. Historical patterns indicate that MicroStrategy typically accumulates Bitcoin the day after Saylor posts updates.
CME Fed Watch: Just 2.1% Probability of 25-Basis-Point Rate Cut by Fed in January
According to CME's "Fed Watch" tool, with only three days left until the January 30 FOMC meeting, the market assigns just a 2.1% probability to a 25-basis-point rate cut this month, while the likelihood of holding rates steady stands at 97.9%. The probability of a cumulative 50-basis-point cut by March has dropped to 0.6%, with a 25-basis-point cut at 27.0%, and maintaining current rates at 72.4%.
Fed Chair Jerome Powell will hold a monetary policy press conference at 3:30 AM on January 30, with current expectations pointing to the upper bound of the rate target being held at 4.50%.
Market Movements
Suggested Reading
DeepSeek Dominates App Store: A Week That Shook America’s Tech Circle with Chinese AI
The release of the DeepSeek model and its technological innovations have sent shockwaves through the global AI industry, showcasing China’s excellence in open-source spirit, technical breakthroughs, and cost optimization, while sparking intense debate over the U.S.-China AI race.
Recapping Jupiter’s Acquisition Timeline: From DEX Aggregator to Infrastructure Powerhouse
This article provides a detailed review of the development and acquisition strategy of decentralized exchange (DEX) aggregator Jupiter—from its origins as a slippage-optimized DEX aggregator to its current ambition of building a full DeFi infrastructure ecosystem through a series of acquisitions and partnerships, demonstrating its aspiration to become Solana’s “infrastructure powerhouse.”
A Long Season: How BNB Has Transcended Market Cycles
This article explores the evolution of BNB Chain and its unique position within the blockchain and cryptocurrency space. Starting as Binance Exchange’s native token, BNB has grown into a critical infrastructure supporting on-chain ecosystems and AI applications, showcasing its potential in technological innovation, ecosystem expansion, and wealth generation. It also analyzes BNB’s applications across DeFi, NFTs, AI, and payments, offering insights into its future trajectory.
Through the author’s personal experiences, this piece reflects on opportunities, risks, and lessons in cryptocurrency investing, emphasizing the importance of continuous learning, adapting to change, and growing from mistakes, arguing that luck is ultimately a skill forged through preparation and effort.
Post-TRUMP Era: Where Will Crypto’s Next Narrative Come From?
This article examines the current state of the crypto market and identifies potential future narratives, including Bitcoin’s consolidation at high levels, the peak and possible end of the Memecoin craze, emerging SocialFi models, the revival potential of Dinocoins, and the application prospects of AI and DeFAI in crypto. It also analyzes the relationship between capital flows and market narratives, providing deep insights into market trends.
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