文经层楼

Origin Protocol ($OGN ) — Gain +15.7%
OGN has performed strongly over the past 24 hours, driven primarily by a sharp rise in the staking APY of its liquid restaking (LRT) and automated yield products. Higher yields directly boosted user demand for staking #ogn and buying pressure in the secondary market, fueling a steady upward trend.

If the ecosystem is gone, how much farther can a DEX go?
Osmosis ($OSMO ), a core liquidity DEX platform in the Cosmos ecosystem, saw a strong independent rally in OSMO today. The gains were mainly driven by upgrades to cross-chain infrastructure, improved ecosystem capital flow efficiency, and the rollout of a new round of DEX liquidity pool incentives, drawing substantial funds back into the #Cosmos DEX governance token.

Reserve Rights ($RSR ) — Gain: +20.9% to +38.7%
Driven by positive news, including the listing of new trading pairs (KRW/USDT) on leading exchanges such as Upbit and the community’s overwhelming approval of the token burn mechanism (Burn Gauge), #rsr has attracted strong buying pressure. Updates to the RWA (real-world asset) protocol’s yield pool, combined with a direct influx of Korean retail investment, have helped the price quickly break through resistance.

If you didn’t get in early, don’t chase the rally
Gitcoin ($GTC ) — up +63.5% in a single day
GTC staged a sharp rebound, driven by positive news that the community’s latest governance proposal had passed and a new phase of funding for open-source public goods had launched. In the short term, market funds flowed in heavily, pushing the token’s price up more than 60% in a single day. Trading volume surged, making it one of the top performers among mid-cap cryptocurrencies. #GTC

Conflux ($CFX , Chinese name “树图链”) is currently the only compliant Layer 1 public blockchain in China with a clear government background, policy endorsement, and direct business partnerships with large central state-owned enterprises (SOEs).
Its state-owned background and partnerships with central SOEs are reflected in the following three areas:
1. Founding and background: Government funding and a research institute
Funding from the Shanghai Municipal Government: In 2020, with direct coordination and support from the Shanghai Municipal Government, the Shanghai Tree-Graph Blockchain Research Institute was established. The Shanghai Municipal Science and Technology Commission and the Changning District Government provided dedicated research funding (approximately US$5 million). It is one of the very few public blockchain projects in China to have received direct support from local government guidance funds and policy funding.
Undertaking national-level research projects: Conflux has participated extensively in and undertaken projects under the National Key R&D Program, including the development of a blockchain infrastructure platform for the Belt and Road Initiative.
Academic leadership and top-tier team: Turing Award laureate and academician Yao Qizhi serves as chief scientist. Founder Long Fan and most of the core team are from Tsinghua University’s “Yao Class.”
2. Key partnerships with central and state-owned enterprises
Conflux is also one of the few public blockchains to have established partnerships with large central SOEs at the core business infrastructure level:
China Telecom (one of China’s three major central SOE telecommunications giants)
BSIM card partnership: Conflux and China Telecom jointly developed and launched the BSIM card (blockchain SIM card). The card combines public blockchain key management with hardware, using the SIM card’s Secure Element to isolate blockchain private keys in hardware and sign transactions. This is a deployed project between a central SOE and a public blockchain at the hardware infrastructure level.
Eastcompeace (with a state-owned enterprise background)
Partnered with smart card supplier Eastcompeace, a listed company with state-owned enterprise ties through Potevio Group and China Electronics Technology Group Corporation (CETC), to develop and manufacture secure hardware modules.
Domestic brands including Xiaohongshu, iQIYI, and Anta
For Web3 marketing and compliant issuance of digital collectibles (NFTs), Conflux has been the underlying digital asset issuance chain chosen by the vast majority of mainstream domestic brands.

There are two public chains whose growth potential cannot be ignored: $PHAROS and $PLUME . Over the past six months, both have bounced back incredibly quickly. Both were founded by Chinese people, but these Chinese teams aren't the kind that just move fast—they have genuinely strong credentials. The core team at Pharos, in particular, is almost entirely made up of people with Alibaba backgrounds.

KAIA, which I mentioned the day before yesterday, has taken off. IP, also part of a Korean blockchain, probably won’t be far behind. dataip
$DATAIP And then today—today IP took off. Anyone familiar with IP’s history knows it’s a wild coin, so if you’re thinking of shorting it, keep your hands off.

When will the #ONDO buyback proposal get off the ground?
The proposal aims to direct the protocol’s annualized fee revenue (approximately $47–48 million) to token holders or use it for programmatic buybacks, subject to a governance vote. However, the vote has been postponed from the first half of 2026 to the second half, and no formal proposal has ever been submitted.
This is the only path for ONDO to shift from a “pure governance token” to a “yield-bearing token,” and it is the biggest source of uncertainty in its current valuation.
Meanwhile, selling pressure from token unlocks remains an issue (approximately 1.7–1.94 billion tokens were unlocked in January 2026, with a similar amount due on January 18, 2027): $ONDO .
So ONDO’s future value is hard to predict. The whales have reaped all the benefits of #RWA , yet they’re unwilling to share even a little with ONDO holders.

#Kaia has already risen a lot over the past couple of days. The catalyst was #Upbit going live, followed by the on-chain launch of a Korean won stablecoin. The fundamentals of this public chain are becoming increasingly solid, and its future looks promising. Other niche chains I’m bullish on include #GRAM and #SEİ . Gram had a rally when it changed its name, but it hasn’t moved at all recently. SEI has also risen a lot lately. These are the three niche public chains I’m very bullish on. $SEI $GRAM $KAIA

The customers of $SHAZ are more impressive than the last. This stock plays by no rules: it has no fundamentals to speak of and is driven entirely by news. It signed a five-year, $1.25 billion AI cloud infrastructure contract with ESDS Software Solutions, and its share price surged 30% on the day the news was announced. Earlier, it partnered with NVIDIA to deploy 1,000 B200 GPUs at the NextDC M3 data center, and teamed up with Cisco to launch Australia’s first Cisco Secure AI Factory. #SHAZ

From “Hong Kong’s highest-priced stock” to being cut in half, then halved again—can #MiniMax ’s future still be hyped?
From September to October, I made several swing trades in $MINIMAX , and only went long—never short. There are two reasons. First, the forces backing it are incredibly strong: miHoYo, Alibaba, Tencent, Hillhouse, IDG, Sequoia, Aspex, Eastspring, Mirae Asset, E Fund, and others. That’s quite an intimidating lineup!!! Second, the concept is scarce. Don’t think AIGC companies are a dime a dozen; at least in mainland China, few have genuinely managed to deliver results. So buy boldly on dips—there’s little room left to fall. But don’t short it, and don’t chase the highs!

Ten years later, what became of the once-famous host and the big shot in the black suit? But the two “little sidekicks” who used to be by their side are now at the height of their fame, known around the world. $BNB

$KAIA has already skyrocketed. I've always been pretty bullish on this public blockchain, because it's backed by Kakao and LINE, two major social apps. Its standing in Japan and South Korea, as well as Hong Kong, Macau, and Taiwan, far surpasses the relationship between $GRAM and Telegram. So, will $IP , this public blockchain founded by a Korean, be in for a surge next?