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BlockBeats News, January 23rd. Bitcoin failed to reclaim the $90,000 level, weakening investor confidence and intensifying bearish sentiment. Georgii Verbitskii, founder of the non-custodial Web3 platform TYMIO, stated: "In the short term, Bitcoin's weakness stems from a lack of interest from large institutions at the current price level." He pointed out that geopolitical uncertainty has led investors to adopt a defensive strategy. Ryan Li, co-founder of Surf, added: "Even strong-performing altcoins are struggling, such as Avalanche, which has fallen by about 66% since September last year, despite its partnerships with institutions like JPMorgan and WisdomTree. This indicates that the market's tolerance for altcoins is very low." Verbitskii noted that gold has become a market focus, attracting significant safe-haven funds, marginalizing Bitcoin. He believes this is not a "systemic shift" caused by panic but a period where Bitcoin is repriced as a non-preferred asset. However, once large funds re-enter, market sentiment may change. Until then, he expects market sentiment to remain uncertain.

According to Odaily, data shows that driven by a decrease in transaction fees, Ethereum's average daily active addresses in January rebounded and at one point surpassed major Layer2 networks. According to statistics from Token Terminal, Ethereum's daily active addresses in January once approached 1 million and briefly rose to about 1.3 million on January 16, before falling back to around 950,000. However, analysts warn that active address data may be overestimated. Security researcher Andrey Sergeenkov pointed out that the address growth in January is highly correlated with attacks such as Address Poisoning, where attackers send tiny amounts of stablecoins to a large number of wallets, causing fake addresses to appear in victims' transaction records and thereby inducing mistaken fund transfers. Overall, there are indeed signs of recovery in Ethereum mainnet activity, but a large amount of non-genuine demand is mixed into the short-term data, so the "quality of recovery" on-chain still needs further observation. (CoinDesk)

Foresight News reported that the decentralized lending protocol Tydro has completed the Season 1 snapshot and launched the Season 2 campaign. Points earned in Season 1 have been locked, and the Season 2 campaign will continue until TGE.Tydro is a decentralized lending protocol launched by Ethereum Layer 2 Ink, incubated by a certain exchange. The platform is a customized white-label instance of Aave v3.