surging

The South Korean stock market continues its downward trend for nearly a week, once again experiencing a circuit breaker led by Samsung and SK Hynix. The continuous decline in the stock market seems to have started to deter South Korean retail investors, with a noticeable phenomenon of funds flowing back into the cryptocurrency market.According to Coingecko data, the largest CEX in South Korea, Upbit, has a trading volume of $4.12 billion in the last 24 hours, an increase of 436%. The top 5 cryptocurrencies by trading volume on this CEX are: Bitcoin, XRP, ETH, T, and BLAST.

According to the latest report from Omdia titled "2026 Q2 Semiconductor Application Market Forecast Tool (AMFT)", driven by the large-scale development of AI infrastructure, the expected year-on-year growth rate of China's semiconductor market size in 2026 has been significantly revised upward to 92.9%, reaching a total of $812.08 billion. Among them, the computing and storage category is expected to grow by 126%, accounting for 62.9% of the overall application market, marking that the industry is fully entering the AI-driven era in sync with the global trend.In the segmented chip categories, influenced by the surge in demand for AI cloud and edge inference leading to tight supply and demand, the market size of China's storage chip market is expected to skyrocket by 262.9% to $449.6 billion, with market share jumping to 55.4%. At the same time, AI demand has also driven significant growth in logic chips (27.9%), analog ICs (25.4%), and microcontrollers (15%), creating enormous space for the improvement of local semiconductor self-sufficiency and capacity utilization. In contrast, the wireless communication category, primarily focused on smartphones, although experiencing an absolute scale growth of 68.8%, is expected to see its overall market share decline from 30.43% in 2025 to 26.63% due to the dual pressure of soaring storage costs and shrinking shipment volumes.

According to defillama data, recently, the trading activity of Meme tokens such as ANSEM on the Solana chain, TCC, and CZ on the BNB Chain has driven an increase in the activity of the Solana and BNB Chain public chains. Solana has risen to the top position in public chain activity over the past 7 days, with approximately 31.385 million active addresses, a surge of 38% in active addresses over the past week.The 7-day trading volume reported is $13.63 billion, with 685 million transactions, generating $4.06 million in fees, an increase of 70% year-on-year. The public chain's 7-day revenue is $422,500, an increase of 21% year-on-year. The total value locked (TVL) on the Solana chain is currently reported at $24.78 billion, an increase of 3.9% over 7 days. The BNB Chain has approximately 8.3 million active addresses over the past 7 days, with 96.7 million transactions, an increase of 3.5% year-on-year, generating $182,000 in fees. The trading volume on the BNB Chain has increased by 45% in the past 24 hours, rising from $240 million to $350 million.

According to Jinshi, U.S. stock AI chip stocks showed mixed results before the market opened, with Qualcomm rising 13%, Intel up nearly 6%, AMD up nearly 4%, while Baidu fell 2% and Google dropped 1.4%.

Recently, the positive overlap mapping of Marvell (MRVL) called out by NVIDIA CEO Jensen Huang has led to unprecedented funding attention for both AI chip companies in the derivatives market, with significant increases in stock prices and trading volumes.According to Gate market data, NVIDIA (NVDAX) is currently priced at $215.19, with a nearly flat 24-hour price change; Marvell Technology (MRVL) is currently priced at $299.03, up 0.97%. CoinGlass data shows that the 24-hour trading volume of NVDAX contracts on the Gate platform reached $4.3017 million, ranking first in the entire network; MRVL contracts had a 24-hour trading volume of $6.3152 million, also ranking among the top.

According to GMGN monitoring, early this morning, Binance co-CEO He Yi retweeted CZ's early tweet about the release of his English version of the new book on the X platform (the original tweet was published on May 2). The main content of the tweet includes: book introduction, Chinese and English audiobooks, and the proceeds will be used for charity.The on-chain meme coin Freedom of Money briefly surged in market capitalization on the BSC chain, reaching a high of 12 million USD, and has now fallen back to 9.4 million USD, with a 24-hour increase still maintaining at 25.6%. During the same period, the on-chain transaction volume reached 2.6 million USD.ChainCatcher reminds users that meme coin trading is highly volatile, largely relying on market sentiment and concept speculation, and has no actual value or use case; investors should be aware of the risks.

According to CoinDesk, Kraken's parent company Payward announced its Q1 2026 performance, showing adjusted revenue of $507 million, a year-on-year increase of 3%, achieving growth despite the overall downturn in the cryptocurrency market.The report indicated that Payward's futures business performed strongly during the period, with daily average revenue trades (DARTs) increasing by 51% year-on-year, mainly benefiting from the expansion of NinjaTrader, Breakout, and derivatives business.However, the company's adjusted EBITDA fell to $18 million. Payward stated that it continues to invest in mergers and acquisitions, product development, and regulatory infrastructure construction, rather than prioritizing short-term profits.Additionally, the company disclosed that Kraken's spot market share has increased from about 3.5% in mid-2025 to 5.2% in March 2026; the number of funded accounts on the platform grew by 47% year-on-year to 6.1 million, and the platform's asset scale rose to $40 billion.

According to Cointelegraph, the 13F filing shows that JPMorgan significantly increased its Bitcoin ETF holdings in the first quarter, with its position in the BlackRock iShares Bitcoin Trust (IBIT) rising from approximately 3 million shares to 8.3 million shares, an increase of 174%.In addition, JPMorgan also significantly increased its holdings in other Bitcoin spot ETFs such as Fidelity FBTC and Bitwise BITB, while slightly increasing its position in Strategy (MSTR).Regarding altcoin ETFs, JPMorgan's actions varied: it made its first purchase of the Bitwise Solana Staking ETF (BSOL), increased its holdings in Ethereum-related ETFs, while completely liquidating its XRP ETF.

According to Cointelegraph, the supply of HyperEVM's stablecoin has surpassed 1 billion dollars, surging 96% since February.

According to Coinglass data, the total liquidation across the network in the past 24 hours has risen to $2.566 billion, with long liquidations at $2.407 billion and short liquidations at $159 million. A total of 424,317 people have been liquidated globally, with the largest single liquidation occurring on Hyperliquid - ETH-USD worth $222 million.

American renowned "Big Short" Michael Burry posted, "I hold GameStop (GME) and have been buying recently. I expect that the price I bought in at may soon approach 1 times the tangible book value and 1 times the net asset value. I do not expect to realize long-term value through a short squeeze and am willing to hold long-term."Affected by this news, GameStop's stock price surged by 8.8% during intraday trading on Monday, closing at $24.01, an increase of 4.44%.

10x Research stated that the crypto market enters the new year with low activity, but derivative positions quietly send a completely different signal. Volatility is narrowing, capital flow is gradually increasing, and leverage remains high, even as trading volume and participation continue to decline. ETF capital flows, stablecoin trading activity, and futures positions are no longer in sync, leading to a seemingly calm market while undercurrents are stirring.The downtrend of Bitcoin still exists, but it is likely to turn upward in January. Bitcoin's Relative Strength Index (RSI) is at 43%, showing a bullish signal; while the Stochastic indicator is at 30%, indicating a bearish signal. An RSI above 70% and a Stochastic above 90% may signal a bearish market, while an RSI below 30% and a Stochastic below 10% may indicate a bullish reversal. Bitcoin is 4.5% away from triggering a trend reversal, with the current trend being bearish. The key price level for short-term bullish/bearish sentiment is $88,421, while the major bullish/bearish price level is $98,759.Ethereum may also see a shift to an upward trend in January. Ethereum's Relative Strength Index (RSI) is at 44%, indicating a bullish signal; while the Stochastic indicator is at 23%, showing a bearish signal. An RSI above 70% and a Stochastic above 90% may signal a bearish market, while an RSI below 30% and a Stochastic below 10% may indicate a reversal of the upward trend. Ethereum is only 5% away from triggering a trend reversal, with the current trend being bearish. The key price level for short-term bullish/bearish sentiment is $2,991, while the major bullish/bearish price level is $3,363.

NIGHT trading activity continues to rise. According to data from CoinMarketCap (CMC), on December 22, the trading volume of NIGHT exceeded $9.2 billion in the past 24 hours. Among them, Bybit's daily trading volume reached $7.1 billion, accounting for over 77% of the total trading volume, making it the main liquidity provider for NIGHT trading.According to current data from CMC, Bybit's total spot trading volume in the past 24 hours exceeded $8.9 billion, surpassing Binance and ranking first in market share for spot trading volume in the cryptocurrency industry, further demonstrating its trading capacity and liquidity advantages in the spot market.

ChainCatcher news, BitMine Chairman Tom Lee posted on social media, "ETH is still in a super cycle. Most of the time, price leads fundamentals, but sometimes fundamentals lead price. Currently, there is a surge in stablecoin demand and ETH trading volume has reached an all-time high."

ChainCatcher news, according to Bloomberg, data from Architect Partners shows that the total value of mergers and acquisitions in the cryptocurrency industry exceeded $10 billion for the first time in the third quarter, a more than 30-fold increase compared to a year ago.The article mentions the acquisition of 21shares by cryptocurrency market maker FalconX, stating that this deal highlights a broader trend: cryptocurrency experts are entering traditional investment channels through regulated products. Trump's policies and the resulting M&A frenzy have changed the strategic considerations for companies like 21shares. Regulatory barriers have eased, and Wall Street giants are increasingly venturing into the cryptocurrency space—this has forced existing companies to build competitive moats around themselves.

According to ChainCatcher news and Defillama data, Aster's revenue surged to approximately $16,170,000 in the past 24 hours, ranking second in the cryptocurrency revenue leaderboard, just behind Tether's $22,080,000, and exceeding Hyperliquid's revenue of $4,890,000 by 3 times.

ChainCatcher news, according to Jin10, before the US stock market opens, Intel (INTC.O) is down 2.2%, while on the previous trading day, the company's stock price soared over 22%.

ChainCatcher news, according to Crypto.news, data from CryptoSlam shows that the NFT market transaction volume increased by 30% in the past week, reaching $173.2 million. The number of NFT buyers surged by 190.41% to 214,716, while the number of NFT sellers increased by 168.71% to 115,289. The number of NFT transactions decreased by 10.65% to 1,553,949.The Ethereum network transaction volume reached $105.4 million, an increase of 85% compared to the previous week; the BNB Chain network transaction volume reached $18.1 million, up 33.48%. The Polygon network transaction volume reached $11.5 million, down 35.51%. The Mythos Chain network transaction volume reached $9.3 million, down 3.52%. The Solana network transaction volume reached $8.9 million, an increase of 10.14%.

ChainCatcher news, according to rockflow market data, U.S. stocks closed higher on Friday, with all three major indices rising collectively. The Dow Jones Industrial Average rose 0.47%, the S&P 500 index increased by 0.78%, and the Nasdaq rose by 0.98%. U.S. ETH strategy stocks saw a general increase, among which:Circle (CRCL) rose by 3.99%, with a trading volume of $1.417 billion.Strategy (MSTR) fell by 1.71%, with a trading volume of $4.449 billion.Bitmine (BMNR) rose by 24.59%, with a trading volume of $4.533 billion.BTCS (BTCS) rose by 11.11%, with a trading volume of $45.7975 million.Bit Digital (BTBT) rose by 1.36%, with a trading volume of $106 million.SharpLink Gaming (SBET) rose by 2.4%, with a trading volume of $1.935 billion.It is worth noting that Bitmine (BMNR), with a market capitalization of only $5.308 billion, surpassed the trading volume of MSTR, which has a market capitalization of $112.04 billion, with a turnover rate of 99.53% during the trading day, closing at $51.43.