Crypto Morning Brief: Story releases $IP tokenomics, BNB Chain proposes countermeasure against malicious MEV

Author: TechFlow

Yesterday's Market Dynamics

U.S. January seasonally adjusted non-farm payroll employment rose by 143,000, the lowest since October last year

U.S. January seasonally adjusted non-farm payroll employment increased by 143,000, significantly below the market expectation of 170,000 and marking the lowest level since October last year. The expected figure was 170,000, while the previous value was revised upward from 256,000 to 307,000.

BNB Chain proposes countermeasures against malicious MEV

According to official announcements, to combat malicious MEV behavior, BNB Chain has launched a community governance proposal calling on block builders, RPC nodes, validators, and DApps to jointly prevent "sandwich" attacks.

The proposal advocates removing bad actors—revoking permissions from malicious block builders—and voting out validators that tolerate such activities. Additionally, BNB Chain plans to upgrade its mempool in 2025 to prevent transaction frontrunning.

Currently, BNB Chain has partnered with leading wallets including Trust, Binance Wallet, OKX Wallet, and Mathwallet to enable MEV protection features for users against sandwich attacks. The proposal is now gathering community votes and encourages users to report MEV attackers and avoid using insecure RPCs.

Story releases $IP tokenomics, with 58.4% allocated to community and ecosystem

Layer1 intellectual property blockchain project Story has officially unveiled its $IP token economic model. The total supply of $IP tokens is 1 billion, with an initial unlock ratio of 25%. In the distribution plan, 38.4% goes to the ecosystem and community, 10% to initial incentives, 10% to the foundation, 21.6% to early investors, and 20% to early contributors.

Regarding staking mechanisms, Story will adopt a fair launch principle. During the 42-day singularity period following the genesis block on January 19, 2025, users can participate in staking but will not receive rewards. Staking rewards will only begin after the singularity period ends. $IP tokens will primarily be used for staking, paying gas fees, and governance functions.

Matrixport: Solana whales are shifting profits into Bitcoin as meme coin market cools down

A recent Matrixport report indicates that the number of wallets holding more than 10,000 SOL has noticeably decreased over the past two months, suggesting large holders are cashing out. At the same time, the meme coin market is cooling off. Data from Pump.fun shows that daily meme coin issuance dropped by 16% within 30 days, and daily trading volume sharply declined from a peak of 71,738 transactions on January 23.

The report notes that the sharp drop of Trump-themed meme coins (Trump) from $60 to $20 severely undermined retail investor confidence. Although Raydium (RAY) has seen recent price increases, early Solana investors are redirecting their profits into Bitcoin. This capital rotation explains why Bitcoin remains relatively resilient amid broad altcoin corrections. Furthermore, despite Ethereum reducing transaction fees in March 2024, it has failed to gain significant traction in the current meme coin trend due to user experience and cost issues.

Coinbase adds MORPHO, PENGU, and POPCAT to listing roadmap

Coinbase Assets announced that it has added Morpho Token (MORPHO), Pudgy Penguins (PENGU), and Solana-based Popcat (POPCAT) to its listing roadmap.

Trump plans to unveil reciprocal tariff policy next week

According to financial news reports, U.S. President Trump stated during a meeting with Japanese Prime Minister Shigeru Ishiba that he intends to announce "reciprocal tariffs" next week.

Trump told reporters in the Oval Office that the move aims to ensure equal treatment with other countries. While not specifying which nations would be affected, he said the action would impact "everyone." Trump also mentioned considering tariffs on automobiles and plans to impose tariffs on imported goods such as steel, pharmaceuticals, oil, and metals in the coming months.

Hong Kong's Hang Seng Tech Index surges over 20%, entering technical bull market

According to Bloomberg, the Hang Seng Tech Index rose 1.1% intraday Friday, pushing its cumulative gain from the closing low on January 13 above 20%, officially entering a technical bull market. At 9:51 local time, the index was up 1%, led by Xiaomi Group, which gained 4.1%.

Morgan Stanley strategists Laura Wang and Chloe Liu noted that despite ongoing geopolitical risks, market sentiment has improved, driven by strong Chinese AI themes and rising trading volumes. Year-to-date, Semiconductor Manufacturing International Corporation (981 HK) has surged about 50%, BYD Company (285 HK) has risen 31%, and Alibaba (9988 HK) has gained 20%.

Crypto analyst Miles: Current market downturn more frustrating than FTX collapse, as people still hold hope for a bull market

Prominent crypto analyst Miles Deutscher posted on X, stating that the current market decline is more painful than the 2022 FTX collapse.

He explained that during the FTX incident, people had become numb to losses and lost all hope. But this time, the downturn comes while many still anticipate a major altcoin rally. Losing hope, he said, is more painful than losing money.

Vitalik: Frustrated that the crypto space prioritizes PvP games over building better products

Ethereum co-founder Vitalik Buterin posted that he feels uneasy when the crypto community and venture capitalists regard "PvP-style gaming projects where most users lose money" as the best product form in crypto, while those pursuing better products are criticized as "patronizing and elitist."

Although such sentiments sometimes make him consider stepping back, he says he always finds renewed inspiration from the world, reminding himself that he is fighting for something valuable.

Market Movements

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