January 23 | Midday Highlights ☀

🔹 India Continues to Reduce US Debt Holdings to Multi-Year Lows
India's holdings of US debt have fallen to a five-year low, indicating some countries are adjusting their foreign exchange reserve structures.

🔹 Ethereum Mainnet Active Addresses Surpass All Layer-2s
The number of daily active addresses on the Ethereum mainnet has surpassed all Layer-2 solutions, reflecting strong user engagement at the base layer.

🔹 Spot Silver Price Breaks Key Level
Spot silver has broken through the $99/ounce mark, with a cumulative increase of over 38% in the first month of the new year, continuing the strong momentum in precious metals.

🔹 Bitcoin Network Hash Rate Experiences Phase Adjustment
Bitcoin's hash rate has encountered its longest continuous decline since spring 2024, indicating short-term economic pressure on mining.

🔹 Bank of Japan Internal Support for Rate Hike is Low
Only one BOJ member supports a rate hike, with Ueda Kazuo's stance likely to influence the yen's short-term direction, highlighting clear policy disagreements.

🔹 S&P Global Focuses on Emerging Market Stablecoin Size
S&P Global notes that some emerging market stablecoins may reach up to 20% of bank deposit sizes, making the penetration of stablecoins into local financial systems noteworthy.

🔹 Ethereum Founder Emphasizes Decentralized Social and Local AI
Vitalik states that decentralized social media will be prioritized, while exploring deployment plans for local large language models, promoting decentralization in technology and governance.

📌 One Sentence Summary:
Ethereum mainnet activity remains leading among Layer-2 networks, silver prices continue to rise strongly, Bitcoin hash rate is entering an adjustment phase, the BOJ's support for rate hikes is low, and decentralized social and local AI are key industry focus areas.