According to Lookonchain, Truebit Protocol appears to have been hacked, with 8,535 ETH (worth $26.44 million) stolen.

According to a monthly survey by the New York Federal Reserve, U.S. inflation expectations rose in December, while views on job opportunities fell to their lowest level in at least 12.5 years. The report stated that consumers expect prices to rise 3.4% over the next year, up from 3.2% in November. Consumers' estimates of the probability of finding new work after losing their jobs fell to 43.1%, the lowest level since the bank began conducting its consumer expectations survey in mid-2013. These figures highlight the divergence among Federal Reserve officials who are more concerned about inflation and those who believe there is a greater risk of rising unemployment. This gap is likely to prevent the Fed from adjusting interest rates at its next policy meeting later this month. (Jinshi)

Odaily Planet Daily reports that BTC prices rebounded to $90,500 after testing the $89,200 support level, which coincides with the 50-day moving average. Jake Ostrovskis, Head of OTC Trading at Wintermute, stated that the market's failure to break the key $95,000 level led to two-way trading, primarily driven by ETF outflows over the past two trading days. Furthermore, derivatives positioning indicates increasing market leverage. Total open interest in BTC futures and options has climbed to nearly 700,000 BTC, a three-week high, adding approximately 75,000 BTC since the beginning of the year. Meanwhile, perpetual futures funding rates remain positive at around 0.09%, suggesting that long positions are paying shorts to maintain exposure, and traders may be using leverage to buy on dips, increasing the risk of long liquidation. (CoinDesk)

In the past hour, total liquidations across the network reached $15.50 million, with $1.76 million from long positions, with $13.75 million from short positions. BTC liquidation $2.99 million, ETH liquidation $1.72 million.

Odaily Planet Daily reports that Polygon Labs has launched the "Open Money Stack," a new modular framework designed to support stablecoin-based payments and streamline cross-border value transfers. Expected to launch later this year, the stack is designed to work with various blockchains and is customizable, enabling financial institutions and fintech companies to integrate components such as on-chain settlement, fiat currency access, and compliance tools. (CoinDesk)