Crypto Morning News: SEC Ends Years-Long Investigation into Zcash Foundation, Solana Mobile Opens SKR Airdrop Lookup
TechFlow Selected TechFlow Selected
Crypto Morning News: SEC Ends Years-Long Investigation into Zcash Foundation, Solana Mobile Opens SKR Airdrop Lookup
Strive acquires Semler Scientific, becoming the 11th largest corporate Bitcoin holder globally.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Developments
U.S. November PPI MoM at 0.2%, in line with expectations
According to Jin10 News, the U.S. Producer Price Index (PPI) rose 0.2% month-over-month in November, matching market expectations. The annual PPI increased by 3%, surpassing the expected 2.7%.
U.S. Senators submit over 130 crypto bill amendments covering stablecoin yields and more
As reported by CoinDesk, U.S. senators have submitted more than 130 amendments ahead of an upcoming legislative hearing on crypto market structure. The proposed amendments cover a broad range of issues, including banning stablecoin yield offerings, restricting public officials from profiting off crypto assets, and redefining digital asset mixers. The foundational bill text from the banking committee was released at midnight Monday and will be discussed and voted on this Thursday. Some amendments have bipartisan support, such as changes to the stablecoin yield provisions co-sponsored by Senators Tillis and Alsobrooks.
SEC concludes multi-year investigation into Zcash Foundation without enforcement action
According to The Block, the U.S. Securities and Exchange Commission (SEC) has concluded its multi-year investigation into the Zcash Foundation. The nonprofit announced in a blog post on Wednesday that the SEC will not take any enforcement action against it. The foundation disclosed receiving a subpoena from the SEC in August 2023 related to an investigation titled "certain crypto asset issuance matters (SF-04569)."
CCTV: Former Digital Currency Research Institute head Yao Qian received 2,000 ETH for assisting ICO
According to CCTV, Yao Qian, former head of the Digital Currency Research Institute, helped businessman Zhang facilitate a token listing on an exchange in 2018 at Zhang’s request. The ICO successfully raised 20,000 ETH, after which Zhang transferred 2,000 ETH to Yao as compensation. Investigators found a hardware wallet inside a drawer in Yao’s office.
The task force also discovered multiple bank accounts registered under other people’s names—so-called “burner accounts”—used by Yao. One 10 million yuan transfer passed through approximately four layers of transactions, originating from a virtual currency trading firm’s account and ultimately used to purchase a villa in Beijing.
Solana Mobile launches SKR airdrop eligibility checker; claiming opens January 21
Solana Mobile officially announced that the SKR token distribution lookup tool is now live within the Seed Vault wallet. Users can open their Seed Vault wallet and navigate to the "Activity Tracking" tab to view their allocation tier. Based on user interactions during Season 1 with Seeker devices, Solana dApp Store activity, and on-chain behavior, SKR tokens are allocated across five tiers: Sovereign (750,000 SKR), Luminary (125,000 SKR), Vanguard (40,000 SKR), Prospector (10,000 SKR), and Scout (5,000 SKR).
This airdrop distributes nearly 2 billion SKR tokens in total, with approximately 1.82 billion allocated to 100,908 users and about 141 million distributed to 188 developers, covering both user and developer communities.
SKR claims will officially open on January 21 at 02:00 UTC. Eligible participants may check their personal allocation amount and corresponding tier in advance and should prepare a small amount of SOL to cover network fees upon claiming.
Fogo: Airdrop inquiry page live, claiming starts January 15
SVM L1 blockchain project Fogo announced that its airdrop inquiry page is now live, with claim initiation set for January 15.
OpenSea to launch new mobile app and Hyperliquid Perps product
Adam Hollander, CMO of OpenSea, recently revealed that the team is actively developing a new mobile application and the Hyperliquid Perps product, both launching soon. The new app aims to deliver a unified experience—“all assets, all positions, all wallets, all chains, integrated in one place.” Meanwhile, preparations for the OpenSea Foundation TGE (Token Generation Event) are underway, with historical trading volume serving as a key factor in rewards calculation. The reward program will continue beyond TGE, with half of each round’s transaction fees going into the reward pool.
T.D. Cowen lowers Strategy target price to $440
According to The Block, investment bank T.D. Cowen has lowered its one-year price target for Strategy (formerly MicroStrategy), a bitcoin reserve company, from $500 to $440 due to ongoing equity and preferred stock issuances reducing bitcoin yield efficiency.
Analysts expect Strategy to acquire approximately 155,000 bitcoins by fiscal year 2026—a significant increase from the previously estimated 90,000—but these acquisitions will largely be financed through common and preferred stock, diluting per-share bitcoin exposure.
Despite the lowered target, analysts remain bullish on Strategy as a bitcoin investment vehicle, forecasting bitcoin prices to reach around $177,000 by December 2026 and approximately $226,000 by December 2027.
FTX: Next distribution expected to begin March 31; $2.2B dispute claim reserve reduced for payouts
FTX announced today that the record date for the next distribution to allowed claimants is set for February 14, 2026, with distributions expected to commence on March 31, 2026. Additionally, FTX has filed a revised notice proposing to reduce the disputed claims reserve by $2.2 billion. Once approved by the court, this portion of funds will be released for distribution to allowed claimants.
Burwick Law refiles lawsuit against Pump.fun and Solana executives
According to DLNews, Burwick Law has refiled a lawsuit against Pump.fun and Solana executives, accusing them of creating a "manipulated illegal gambling platform." Internal messages cited in the suit indicate that Pump.fun co-founder Alon Cohen acknowledged that "most people lose." Plaintiffs allege that the platform’s priority fee mechanism allows certain users to front-run newly launched tokens and accuse specific crypto influencers of promoting tokens without disclosing compensation. While the allegations are serious, there remains insufficient evidence proving direct executive profit. The judge has permitted plaintiffs to file an amended complaint including 5,000 private messages.
Strive to acquire Semler Scientific, becoming world’s 11th-largest corporate Bitcoin holder
Strive, Inc. (Nasdaq: ASST) announced that shareholder approval has been obtained for its all-stock acquisition of Semler Scientific (Nasdaq: SMLR). Upon completion, Strive will gain ownership of Semler Scientific’s 5,048.1 BTC holdings, bringing its total Bitcoin position to 12,797.9 BTC—surpassing Tesla and Trump Media & Technology Group to become the world’s 11th-largest corporate Bitcoin holder. Strive plans to divest Semler Scientific’s medical device business within 12 months post-acquisition and repay its $100 million convertible debt and $20 million Coinbase loan.
Market Data
Suggested Reading
Epic Battle of 2025: Has DEX Finally Overtaken CEX?
This article explores the rapid growth of decentralized exchanges (DEXs) in 2025 and their evolving relationship with centralized exchanges (CEXs). 2025 is seen as a landmark year for DEX liquidity and trading volume, especially in perpetual contracts, where DEXs significantly improved market share and capital turnover efficiency. However, the article argues that DEXs won’t fully replace CEXs but instead, the two will complement each other, jointly shaping the future infrastructure of crypto finance trading and settlement.
The Ghost of X.com: Musk’s 25-Year Revenge
This piece traces Elon Musk’s journey from founding X.com in 1999 to transforming Twitter into the super app “X” by 2026. It recounts Musk’s early entrepreneurial struggles, conflicts with PayPal, and his renewed vision for X.com. By integrating social media, information, and financial transactions, Musk seeks to fulfill a financialization dream he began 25 years ago and ultimately build a super platform controlling global capital flows.
Nvidia and YC Invested in a Company Aiming to Build a Hotel on the Moon by 2032
This article tells the story of 22-year-old Skyler Chan, who founded GRU Space with the goal of building a lunar hotel by 2032, offering high reservation fees and deposits targeting the premium market. The project is considered a bold gamble—betting that the U.S. lunar base initiative may rely on commercial companies, with Chan aiming to play a pivotal role. GRU Space’s whitepaper references U.S. space policy, emphasizing urgency and the importance of commercial sector involvement.
Coingecko Data: 11.5 Million Projects Died in 2025—The Worst Year in Crypto History
This article examines how the cryptocurrency market experienced unprecedented turmoil in 2025, with 86.3% of crypto projects failing that year—particularly meme coins suffering severe setbacks. A “chain reaction liquidation” in Q4 2025 led to a record single-day deleveraging of $19 billion. Meanwhile, the total number of crypto projects surged from 428,000 in 2021 to nearly 20.2 million in 2025, driven largely by a flood of low-quality projects. Despite massive failure rates, the overall market size continues to expand.
Goldman Sachs Forecast: Global Equities Expected to Deliver 11% Return Over Next 12 Months
This article forecasts an 11% return for global equities over the next 12 months. Although valuations are historically high, corporate earnings and economic growth are expected to sustain the market. Diversified investing is emphasized as crucial for enhancing returns, particularly through balanced allocations across geographies, industries, and investment factors. The rise of artificial intelligence and its potential impact on non-tech sectors is also drawing attention.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
深潮TechFlow
