‍Bitcoin Valuation Reset: NVT Golden Cross Signals Return to Fundamentals The Bitcoin market is entering a new phase where price aligns with network activity, moving away from speculation towards on-chain economics. The NVT Golden Cross, a metric comparing market cap to transaction volume, indicates Bitcoin may be exiting a period of undervaluation. Historically, when the NVT Golden Cross shows a significant divergence below its long-term trend, it signals a structural discount. Currently recovering from a cycle low, this suggests a narrowing "valuation gap" and a move towards more sustainable levels based on actual network usage, rather than short-term sentiment.
‍Hong Kong to Host Global Web3 Summit in 2026 Hong Kong is set to become the hub for digital asset innovation with the Global Web3 Ecosystem Innovation and Application Summit on January 5, 2026, at Hong Kong Cyberport. Co-hosted by Mega Matrix Inc. (NASDAQ: MPU) and CoinQ Exchange, the event highlights the growing convergence of traditional finance and the Web3 space. The summit will feature over ten Web3 institutions and aim to foster discussions on blockchain technology, regulatory compliance, and practical applications of decentralized solutions. It is expected to draw representatives from global regulatory bodies, traditional finance leaders, and over 500 Web3 professionals, underscoring Hong Kong's commitment to advancing its crypto infrastructure.
‍IcomTech Promoter Sentenced to 71 Months for Multi-Million Crypto Ponzi Magdaleno Mendoza has received a 71-month sentence for his role in the IcomTech Ponzi scheme, which defrauded working-class Spanish-speaking investors between 2018 and 2019. Promoters promised guaranteed daily returns from nonexistent crypto mining and trading activities. Mendoza was ordered to pay over $789,000 in restitution and forfeit $1.5 million. The scheme exploited affinity fraud tactics, targeting specific communities. Courts are focusing on traditional fraud factors, with sentences reflecting victim harm and the perpetrator's leadership role. Mendoza also faces charges for illegal reentry and has promoted other schemes.
‍Raoul Pal Analyzes Zcash Surge: Rotation vs. Bull Trend Macro investor Raoul Pal suggests Zcash's significant price appreciation may stem from capital rotation, not a sustainable bull trend. Despite a ~699% year-to-date increase, ZEC has seen a 37% decline over the past 30 days, trading around $385.81. Factors driving Zcash's market cap growth from under $1B to over $7B include Grayscale's filing for a spot ETF, endorsements projecting $10,000 targets, and growing demand for privacy. ZEC's performance will indicate whether this is a temporary spike or sustained institutional accumulation.
‍SEC Classifies Bitcoin Mining Hosting as Securities in $48M VBit Case The SEC has filed a lawsuit against VBit Technologies and its founder, Danh Vo, alleging that their Bitcoin mining hosting services constitute unregistered securities. The regulator claims VBit misappropriated approximately $48 million in investor funds between 2018 and 2022 through a fraudulent scheme. The SEC applied the Howey test, arguing that "Hosting Agreements" met the criteria for investment contracts due to investors' expectation of profit, reliance on VBit's efforts, and a common enterprise. Industry experts suggest VBit's decision to pool all hashrate under company control was a key factor in the SEC's aggressive stance. This case could significantly impact how mining-as-a-service providers structure their operations.