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Sonic Labs has issued a statement regarding recent public comments about Andre Cronje and the Sonic network. In 2018, a Korean team initiated an ICO for Fantom (now renamed Sonic), which failed to deliver a fully functional product due to mismanagement, resulting in the depletion of a significant amount of funds. Andre Cronje joined in June 2018 and rebooted Fantom. At the time Andre joined, the treasury held less than $5 million in non-FTM assets, which grew to nine figures between 2020 and 2021.Sonic Labs further stated that Andre did not design the original Fantom token economic model; the model was created by the original Korean team in 2018 and later modified through on-chain governance. Andre does not unilaterally hold or control the Sonic development fund. Andre has never abandoned Fantom/Sonic, designed the original technology, expanded the funding, and continues to serve as a technical advisor, regularly providing guidance to the technical team. There is no instance of fund misappropriation.

According to Gate market data, non-US currencies generally plunged, with the euro against the dollar EUR/USD dropping more than 60 points in the short term, currently at 1.1855; the pound against the dollar GBP/USD falling more than 70 points in the short term, currently at 1.362; and the dollar against the yen USD/JPY rising nearly 100 points in the short term, currently at 154.46.

According to Gate market data, major European stock index futures are lower, with the Euro Stoxx 50 index futures down 0.3%, the German DAX index futures down 0.3%, and the UK FTSE 100 index futures down 0.2%.

According to SoSoValue data, the cryptocurrency market sector has generally rebounded, with the DeFi sector performing outstandingly, rising 3.53% in 24 hours. Within the sector, Hyperliquid (HYPE) increased by 11.85%, and Morpho Token (MORPHO) rose by 9.10%. Meanwhile, Bitcoin (BTC) increased by 1.75%, recovering above $78,000; Ethereum (ETH) rose by 2.41%, breaking through $2,300.Other standout sectors include: the Meme sector, which rose 2.21% in 24 hours, with MemeCore (M) increasing by 12.42%; the Layer2 sector, which rose by 1.83%, with Stacks (STX) increasing by 14.71%; the CeFi sector, which rose by 1.52%, with Cronos (CRO) increasing by 7.71%; and the Layer1 sector, which rose by 1.46%, with Kaspa (KAS) increasing by 5.80%.In other sectors, the AI sector rose by 1.32%, with Kite (KITE) increasing by 9.47%; the RWA sector rose by 1.25%, with Keeta (KTA) increasing by 11.82%; and the PayFi sector rose by 0.26%, with Telcoin (TEL) increasing by 11.07%.Additionally, the NFT and GameFi sectors fell by 0.86% and 1.53%, respectively.The cryptocurrency sector indices reflecting historical market trends show that the ssiDeFi, ssiLayer2, and ssiMeme indices rose by 4.24%, 1.97%, and 1.86%, respectively.

According to Jinshi reports, U.S. stock indices fell, with the Dow Jones Industrial Average down 1%, the Nasdaq Composite Index down more than 0.9%, and the S&P 500 Index down 0.72%.

According to Jinshi News, U.S. stocks opened lower, with the Dow Jones down 0.28%, the S&P 500 down 0.35%, and the Nasdaq down 0.45%. Gold mining stocks performed poorly, with Newmont Corporation (NEM.N) down more than 7% and Sibanye-Stillwater (SBSW.N) down more than 10%.

According to Jinshi reports, the US Dollar Index DXY continues to rise in the short term, with an intraday increase of 0.6%, currently reported at 96.7. Non-US currencies generally fell, with the Euro to US Dollar EUR/USD dropping nearly 0.6% intraday, currently reported at 1.1901; the British Pound to US Dollar GBP/USD fell 0.56% intraday, currently reported at 1.3725. The US Dollar to Japanese Yen USD/JPY rose nearly 0.8% intraday, currently reported at 154.27.

According to SoSoValue data, the overall cryptocurrency market is generally showing a retracement trend. Bitcoin (BTC) has dropped 0.80%, falling below $89,000; Ethereum (ETH) has decreased by 0.62%, dropping below $3,000. Only the AI, RWA, and CeFi sectors remain relatively strong, with increases of 1.81%, 0.98%, and 0.33% respectively. Within the AI sector, Worldcoin (WLD) has risen by 18.91%, and Kite (KITE) has increased by 16.09%. In the RWA sector, Pendle (PENDLE) and Sky (SKY) have risen by 3.51% and 2.62% respectively. In the CeFi sector, Binance Coin (BNB) has increased by 0.20%.In other sectors, the Layer2 sector has decreased by 0.27% in the last 24 hours, but Mantle (MNT) has risen by 2.41%; the Layer1 sector has dropped by 0.42%, while Canton Network (CC) has increased by 6.39%; the PayFi sector has decreased by 0.45%, but Trust Wallet (TWT) has risen by 1.82%; the DeFi sector has fallen by 0.62%, yet Jito (JTO) has surged by 20.44%; the Meme sector has decreased by 1.46%, with PIPPIN (PIPPIN), which saw a significant rise yesterday, experiencing a correction and dropping by 19.66%.The cryptocurrency sector indices reflecting historical market trends show that the ssiDeFi, ssiRWA, and ssiAI indices have increased by 1.80%, 1.74%, and 1.63% respectively.

According to Jinshi News, U.S. chip stocks generally rose before the market opened, with Nvidia up 1.7%, AMD up 1.4%, Intel up 4.6%, AMD up 1.9%, Micron Technology up 4.4%, and Broadcom up 1.5%.

According to Jinshi News, the US Dollar Index DXY has widened its intraday decline to 0.6%, currently reported at 96.42. Non-US currencies have generally risen, with the Euro against the US Dollar EUR/USD up 0.6% intraday, the British Pound against the US Dollar GBP/USD up nearly 0.7% intraday, the US Dollar against the Canadian Dollar USD/CAD down 0.5% intraday, the US Dollar against the Japanese Yen USD/JPY down nearly 0.7%, the US Dollar against the Swiss Franc USD/CHF down over 1%, the New Zealand Dollar against the US Dollar NZD/USD up nearly 0.5%, and the Australian Dollar against the US Dollar AUD/USD up 0.68%.

Tether today officially launched the federally regulated and USD-backed stablecoin USA₮. The token was developed under the federal stablecoin framework established by the GENIUS Act and is issued by Anchorage Digital Bank, the first federally regulated stablecoin issuer in the United States. Bo Hines serves as the CEO of Tether USA₮. Cantor Fitzgerald acts as the designated reserve custodian and preferred primary dealer.USA₮ is designed specifically for the U.S. market and digital payment infrastructure, with initial platforms including Bybit, Crypto.com, Kraken, OKX, and Moonpay. Meanwhile, USD₮ will continue to operate globally. Currently, Tether Group is the 17th largest holder of U.S. Treasury securities worldwide.

According to Jinshi News, the US Dollar Index DXY has dropped more than 20 points in the short term, currently reported at 96.9. The Euro to US Dollar EUR/USD has risen more than 20 points in the short term, currently reported at 1.1883; the British Pound to US Dollar GBP/USD has risen 24 points in the short term, currently reported at 1.369. The US Dollar to Japanese Yen USD/JPY has briefly fallen nearly 140 points in the short term, hitting a low of 153.16, currently reported at 153.75.

According to statistics from Our Crypto Talk, by early 2026, most SocialFi platforms will either be abandoned, acquired, or lose functionality, with tokens dropping by 90-99%, and communities evaporating instantly after incentives dry up. Among them, Friend.tech is the most typical example, generating a lot of fees and attention at its peak, but seeing activity plummet by over 95% within a few months, leading to a token crash.The core flaw lies in SocialFi's conflation of social interaction and speculation. The platform monetizes people rather than platform currency, causing users to focus not on content quality, but on whether it will skyrocket. Money has altered the incentive mechanisms, incentives have changed behaviors, and behaviors have destroyed culture. As Vitalik Buterin criticized, SocialFi is built by those obsessed with the market, yet attempts to solve problems that only social thinkers can understand.

According to SoSoValue data, the cryptocurrency market sector has generally declined, with the GameFi sector leading the drop at 4.90% over the past 24 hours. Within the sector, The Sandbox (SAND) fell by 8.85%, Axie Infinity (AXS) dropped by 18.23%, but Beam (BEAM) rose against the trend by 19.02%. Meanwhile, Bitcoin (BTC) decreased by 1.84%, falling below $88,000; Ethereum (ETH) fell by 2.34%, dropping below $2,900.In other sectors, the CeFi sector declined by 1.55% over the past 24 hours, with Aster (ASTER) down by 6.86%; the PayFi sector dropped by 2.03%, with Monero (XMR) falling by 10.25%; the Meme sector decreased by 2.10%, with PIPPIN (PIPPIN) down by 18.01%; the Layer1 sector fell by 2.25%, with TRON (TRX) remaining relatively strong, rising by 0.34%; the DeFi sector declined by 3.10%, with River (RIVER) surging again by 30.71%; the Layer2 sector dropped by 4.63%, but Movement (MOVE) rose by 2.38%.The cryptocurrency sector indices reflecting historical market trends show that the ssiGameFi, ssiLayer2, and ssiAI indices fell by 6.05%, 4.93%, and 4.39%, respectively.

According to SoSoValue data, the cryptocurrency market sector has generally rebounded, with the GameFi sector leading the way with a 24-hour increase of 6.88%. Among them, Axie Infinity (AXS) rose by 20.71%, The Sandbox (SAND) increased by 13.04%, and Decentraland (MANA) went up by 11.03%. Additionally, Bitcoin (BTC) rose by 1.16%, breaking through $90,000; Ethereum (ETH) increased by 1.91%, surpassing $3,000. Meanwhile, MAG7.ssi rose by 1.76%, DEFI.ssi increased by 1.96%, and MEME.ssi went up by 1.79%.In other sectors, the AI sector rose by 3.72% in 24 hours, with Render (RENDER) increasing by 5.36%; the RWA sector rose by 3.70%, with Pendle (PENDLE) increasing by 11.36%; the DeFi sector rose by 3.14%, with River (RIVER) continuing to surge, rising significantly by 36.46%; the PayFi sector increased by 3.12%, with Telcoin (TEL) rising by 24.98%; the Meme sector rose by 2.47%, with PIPPIN (PIPPIN) increasing by 32.01%; the Layer2 sector rose by 2.40%, with ImmutableX (IMX) increasing by 6.53%; the Layer1 sector rose by 1.81%, with Canton Network (CC) increasing by 13.98%; the CeFi sector rose by 1.27%, with Aster (ASTER) increasing by 4.41%.The cryptocurrency sector indices reflecting historical market trends show that the ssiGameFi, ssiAI, and ssiRWA indices rose by 9.04%, 4.61%, and 3.90%, respectively.

According to Jinshi, stocks of major U.S. tech companies listed in Frankfurt generally fell, with Nvidia down 2%, and Microsoft and Alphabet down 2.3%.

According to Jinshi News, the Euro Stoxx 50 index futures fell by 1%, and the German DAX index futures dropped by 1.1%. In the United States, the Nasdaq futures are down by 1%, and the S&P 500 index futures fell by 0.8%.

According to Forbes, as Bitcoin prices approach $100,000 in early 2026, U.S. President Trump’s latest remarks regarding the selection of the Federal Reserve Chair have been viewed by the market as a potential "turning point" for prices.Recently, Trump publicly stated at the White House that, despite widespread expectations that White House economic advisor Kevin Hassett would succeed current Chair Powell, he "prefers to keep Hassett in his current position," calling a reassignment "a serious concern." This statement quickly dampened market bets on Hassett becoming the Federal Reserve Chair.As a result, the probability of Hassett's election on the prediction market Polymarket has significantly declined, while the probability of his main competitor, former Federal Reserve Governor Kevin Warsh, winning has risen to nearly 60%. Market analysis indicates that Hassett is viewed as a more dovish candidate, and if he were to become the Federal Reserve Chair, it could be more favorable for interest rate cut expectations in 2026, thereby supporting Bitcoin and risk asset performance.In contrast, Warsh's stance is relatively hawkish, suggesting that a high-interest rate environment may persist longer, posing short-term pressure on crypto assets. Although Warsh has previously invested in crypto companies and served as an advisor to institutional-grade crypto bank Anchorage, analysts believe that his monetary policy stance is not as accommodative as Hassett's. Nansen's Chief Research Analyst Aurelie Barthere pointed out that Hassett "originally had a higher level of support for the crypto market."