ETF-BTC Trading Statistics 2026-01-27:Yesterday's Bitcoin outflow: 6.20 million USD（71.58BTC），with a cumulative net inflow of $0，total trading volume of $6.42 billion，and a total market cap of $124.75 billion. ETF-ETH Trading Statistics 2026-01-27:Yesterday's Ethereum inflow: 137.20 million USD（48,730.42ETH），with a cumulative net inflow of $0，total trading volume of $1.65 billion，and a total market cap of $44.67 million.

Token Exchange 【DALE】BitMart

According to Odaily Planet Daily, Vitalik Buterin published an article outlining his layered understanding of blockchain scalability, indicating that the difficulty of scaling a blockchain, from lowest to highest, is computation, data, and state. Vitalik stated that computation is the easiest to scale, as it can be achieved through parallelization, introducing "hints" provided by block builders, or replacing large amounts of computation with proofs using zero-knowledge proofs. Data scaling is of moderate difficulty; if the system requires data availability guarantees, this requirement cannot be avoided, but it can be optimized through data splitting, code erasure (such as PeerDAS), and "graceful degradation," meaning that even when nodes have low data capacity, they can still generate blocks of a corresponding size. In contrast, state is the most difficult part to scale. Vitalik pointed out that to verify even a single transaction, a node needs the complete state; even if the state is abstracted as a tree and only the root node is stored, updating the root still depends on the complete state. Although methods for splitting the state exist, they usually require significant architectural adjustments and are not universal solutions. Based on this, Vitalik concluded that if data can replace state without introducing new centralization, it should be given priority; if computation can replace data without introducing new centralization, it should also be taken seriously.

According to The Block, the U.S. Senate Agriculture Committee, originally scheduled to review and vote on comprehensive cryptocurrency legislation this Tuesday, has postponed the meeting to Thursday due to weather conditions. A Democratic aide familiar with the negotiations stated that although Republicans unilaterally drafted a new version of the bill in early January without consulting Democrats and planned to push it to a vote, hindering bipartisan cooperation, a group of Democratic senators is still willing to return to the negotiating table with Committee Chairman John Boozman's team to strive for bipartisan consensus before the vote. The aide pointed out that from November to the end of last year, the two parties held intensive bilateral consultations and stakeholder meetings on the draft bill, and progress was good. However, after the New Year, the Republicans unilaterally changed their plans. A spokesperson for the Agriculture Committee stated that the bipartisan meetings over the past few months have been extensive, the current version reflects most of the negotiated content, and the remaining issues have reached the stage where a vote is necessary. PatrickWitt, executive director of the White House Digital Assets Advisory Council, recently publicly called for the market structure bill to be passed as soon as possible while the government's friendly attitude towards the crypto industry is in place. Analysis suggests that if the bill fails to pass, the US crypto industry may continue to face a "structural risk premium," which will suppress its development potential.

Huoxun Finance News, January 27th – According to The Block, crypto asset management company Bitwise has officially entered the DeFi market by launching its first on-chain vault strategy through the decentralized lending protocol Morpho. This initial vault aims to achieve a yield of up to 6% on the USDC stablecoin by deploying funds in Morpho's "overcollateralized" lending market. Bitwise is responsible for strategy design and real-time risk management, while user funds remain on-chain and in a non-custodial manner. The head of Bitwise's multi-strategy solutions stated that this move aims to allow investors to access on-chain returns without having to manage complex risk parameters themselves. Future support may include other major stablecoins, crypto assets, and a wider range of DeFi strategies, including real-world asset tokenization, DEX liquidity provision, and yield mining.