$ORDI as the first BRC - 20 token, minted on March 8, 2023, with a total supply of 21 million pieces, the minting price was about $0.005, and it skyrocketed all the way, reaching an all-time high price of $96.5 on March 5, 2024, achieving an astonishing increase.
The inscription sector has experienced two years of plummeting, and what was destined to zero has already zeroed out, yet it still survives, with the bottom becoming increasingly obvious, maintaining around $2.5 for the past two months. Can everyone discuss whether it's possible to gradually buy the dip now and reach $20? {spot}(ORDIUSDT)
The 4-byte inscriptions of BRC20 have completed the basic upgrade, but the programmability upgrade of BRC2.0 Phase II (unlocking the smart contract capability for 4-character tokens) has not been activated as of January 29, 2026, with a target block height of 934,888, which has not yet been reached. The following are key information:
1. Basic Upgrade Status
- The BRC20 protocol completed the BRC2.0 basic upgrade at Bitcoin block height 912,690 on September 2, 2025. The core is the introduction of EVM-compatible smart contract functionality, opening up possibilities for DeFi and other applications on the Bitcoin chain. - On August 14, 2025 (block height 909,969), the first phase of BRC2.0 was completed, enabling programmability for 6-character and longer token codes, laying the foundation for subsequent expansion.
2. Progress of Programmability Upgrade for 4-byte Inscriptions
- The second phase was originally planned to activate 4-character and 5-character token programmability on September 17, 2025 (block height 914,888), but was adjusted to block height 934,888. As of January 29, 2026, this block height has still not been reached, and the upgrade has not been completed. - Once the upgrade is completed, 4-character tokens such as ORDI and SATS can achieve decentralized trading, lending, and staking functions through the BRC2.0 module.
3. Notes
- This upgrade is a functionality unlock at the BRC2.0 protocol level and does not change the validity of the 4-byte inscriptions themselves. The basic functions such as issuance and transfer of existing 4-byte BRC20 tokens remain unaffected. - The upgrade progress is subject to the Bitcoin block height and official announcements from Best in Slot. Real-time block height can be queried through the Bitcoin block explorer to understand the upgrade activation status.
🔹 Market update: Strengthening against the trend, with both volume and price rising indicating capital attention.
- Core price performance: Plasma (XPL) reported $0.1396 as of today at 09:30, with a 24-hour increase expanding to +11.75%. The intraday high reached $0.1401, and the low dipped to $0.1240. The current price has cumulatively risen 11.78% compared to yesterday's opening price of $0.1249, showing a significant upward trend. - Market liquidity data: The 24-hour trading volume surged to $118 million, an increase of 90.3% compared to the previous trading day’s $62 million, with a turnover rate of 39.2%, reaching a new high in nearly one month; the circulating market value steadily climbed to $301 million, rising 3 places to 214th in the global cryptocurrency rankings since yesterday. In terms of trading pair distribution, the XPL/USDT trading pair accounted for 78.5% (mainly concentrated in the three major exchanges of Binance, OKX, and KuCoin), the XPL/BTC trading pair accounted for 12.3%, and the XPL/ETH trading pair accounted for 9.2%. The high proportion of USDT trading pairs reflects the market's attention to its fiat currency valuation.
- Current Price: Plasma (XPL) is currently priced at $0.1396, with a 24-hour increase of +11.75%, reaching an intraday high of $0.1401 and a low of $0.1240. - Market Performance: The 24-hour trading volume reached $118 million, with a circulating market value of approximately $301 million, ranking 214th among global cryptocurrencies; it has accumulated a 9.78% increase over the past 7 days, but is still 83% down from the historical high of $1.68 in September 2025. - Benchmark Performance: In the context of the crypto market fear and greed index at 27 (extreme fear) and Bitcoin dominance at 58.95%, XPL has strengthened against the trend, with a 30-day correlation with BTC of -42%, showing some independent market behavior.
🔹 Core Project Updates
- Ecosystem Progress: As a Layer 1 public chain focused on stablecoin scenarios, Plasma has completed integrations with DeFi protocols like Aave and Ethena, supporting zero-fee transfers for USDT. Recently, it secured a $4 million grant for the expansion of Clearpool’s PayFi ecosystem, advancing the credit market rollout. - 2026 Key Roadmap: Within this year, the XPL staking delegation function will be activated, allowing token holders to participate in consensus and earn an annual inflation reward of 3%-5% without running a node. This mechanism is expected to enhance the token lock-up rate and network security; on July 28, the first large unlock will take place, including 25% of team/investor tokens (2.5 billion tokens) and tokens locked by U.S. users (approximately 54 million tokens), with the unlock being released linearly over 3 years on a monthly basis. - Technical Features: Utilizing a self-developed PlasmaBFT consensus algorithm, high throughput is achieved through simplified consensus phases and parallel processing. Although the current TVL has fallen 68% to $270 million from September 2025, the core liquidation network functionality continues to be optimized.
🔹 Risk and Regulatory Alerts
- Unlock Risks: The large unlock in July involves the release of 14% of the circulating supply of tokens. If holders sell off in large quantities, it may create short-term price pressure, necessitating ongoing tracking of on-chain holdings. - Market Environment: Currently, the overall flow of crypto investment products is outwards, with funds favoring mainstream coins. As a mid-to-long tail coin, XPL still faces risks of liquidity fluctuations and valuation adjustments. - Regulatory Dynamics: The advancement of the U.S. GENIUS Act regarding stablecoin regulatory frameworks may bring compliance opportunities for Plasma, but it could also increase operational costs, requiring attention to policy implementation details.
📰 January 28, 2026 Crypto Market Morning News (08:30)
- Market Overview: Bitcoin (BTC) is at **$89,020**, up **+1.3%** in 24 hours, peaked at **$89,500** during the day, currently fluctuating around **$89,000**; Ethereum (ETH) is at **$3,020**, up **+2.36%** in 24 hours, approaching the **$3,000** mark; the total market capitalization is approximately **$2.89 trillion**, with a 24-hour trading volume of about **$120 billion**, mainstream coins generally strengthening, MEME sector differentiating. - Macro and Regulation: The U.S. dollar index falls to 95.75 (a nearly four-year low), the yen has risen 4% over three days, the offshore yuan has broken 6.94, and expectations for a rate cut by the Federal Reserve in January are rising, which is positive for crypto and precious metals; the U.S. CLARITY Act is progressing, clarifying the regulatory division for digital assets, with most spot trading under the CFTC and the SEC responsible for IPOs and information disclosure; the Central Political and Legal Work Conference proposed forward-looking research and legislative suggestions on virtual currencies, cracking down on regulatory evasion using blockchain. - Industry Dynamics: SagaEVM has suffered losses of millions of dollars, and has suspended on-chain trading, highlighting the importance of auditing and time lock mechanisms; Coinbase has established a quantum security department to address long-term technological risks; the Davos Forum is hotly discussing asset tokenization, with CZ stating he is exploring solutions with multiple countries and is optimistic about mixed payment models. - Market and Risks: Last week, $1.73 billion flowed out of crypto investment products, with BTC seeing an outflow of $1.09 billion and SOL a net inflow of $17.1 million; today's significant unlocks include SUI, SIGN, EIGEN, KMNO, JUP, etc., be aware of selling pressure risks; the Fear and Greed Index is at 29 (Fear), exercise caution in chasing highs during fluctuations.
Do you want me to condense the morning news into 3 core points + key price levels, making a concise version suitable for community sharing?
It has been more than half a month since I logged into X. Today, I went up to see how General Liangxi was封, without him, there will be much less joy in the cryptocurrency circle.
#币安将上线特斯拉股票永续合约 Binance launches Tesla contracts: The trend of crypto becoming like US stocks, altcoins are not necessarily marginalized
Binance has launched the Tesla USDT perpetual contract, sparking heated discussions about "crypto becoming like US stocks" and "altcoins being marginalized." In fact, the trend is irreversible, but the outcome is not absolute; the core lies in value reconstruction.
The trend of crypto becoming like US stocks is an inevitable evolution of the ecosystem: contracts break the restrictions of US stock trading hours and account opening thresholds, enabling 24-hour low-threshold trading through crypto infrastructure, integrating the certainty of traditional assets with the high liquidity of crypto markets. Additionally, the derivative model is adopted to avoid regulatory red lines, paving the way for more US stock targets to take root, marking the transformation of the crypto market from a "pure speculation pool" to a "global asset allocation platform."
Altcoins are not destined to be marginalized: It is inevitable that funds flow from "air coins" with no products or scenarios to high-quality US stock contracts, but projects with technical barriers and actual application scenarios (such as Layer 2 and AI+Web3) can still survive by forming mismatched competition with US stock targets. The so-called "marginalization" essentially means that bubble projects are demystified by the market, rather than high-quality altcoins being replaced.
Future market differentiation will intensify: High-quality US stock contracts, valuable crypto projects, and ecological platforms will attract mainstream funds; "three no altcoins" and "pure speculation meme coins" will continue to be eliminated. For investors, there is no need to panic; focusing on valuable targets is sufficient. The future of the crypto market is a reconstruction of "value as king," rather than a simple replacement.
Crypto circle US stockification, altcoin marginalization.
Binance launches Tesla contract: crypto US stockification is a trend, and altcoin marginalization is not destiny.
On January 28, Binance officially launched the Tesla (TSLA) USDT perpetual contract, supporting 24-hour trading, 5x leverage, settled in USDT, and allowing cryptocurrencies such as BTC as collateral, directly tracking the Nasdaq Tesla stock price. This move has sparked industry discussions—has the 'crypto US stockification' already become a foregone conclusion? Will altcoins really be completely marginalized? The answer is not black and white: crypto US stockification is an irreversible ecological evolution, but the fate of altcoins depends on value reconstruction rather than simple replacement.
$BTC The future only recognizes Bitcoin in the United States, and other countries do not recognize it at all. The narrative of national-level reserves has completely collapsed.
Today we continue to discuss what benefits #BRC2.0 will have in the future
$ORDI $1000SATS
First of all, the narrative of the entire crypto circle is terrifyingly barren, to the point of playing meaningless Chinese memes.
In the current crypto circle, there is nothing left that needs to be falsified. In the past, there were things like the metaverse, chain games, encrypted social, cross-chain, sidechains, etc., waiting for you to falsify. Now there is nothing left that needs to be falsified.
So don't be too picky. If something can run out a little bit, there is definitely a possibility of takeoff. This is the benefit brought by the barrenness of the market.
The second point, let's talk about BRC2.0, BIS's future Bitcoin Token Launchpad for DeFi. @coincookercom
$ORDI $1000SATS Four/ Five Byte Inscription Upgrade (BTC Ecosystem) Core Benefits Overview, prioritized for clarity.
1. Core Benefits (Direct Impact)
- Decreased transaction costs: Four/ Five byte inscriptions store more efficiently, single inscription Gas fees reduced by about 20%-40%, significantly lowering batch minting and transfer costs, enhancing the liquidity of small inscriptions. - Protocol scalability and efficiency: Reduces on-chain storage redundancy, frees up block space, supports more parallel inscription transactions, lowers the probability of network congestion, and improves overall throughput. - Ecological innovation and expansion: Four/ Five bytes can accommodate more complex metadata (such as short text, lightweight asset attributes), empowering BRC-20 advanced gameplay, NFT lightweighting, on-chain identity identification, and other new scenarios. - Enhanced asset diversity: Lowers the issuance threshold for new projects, attracting developers and capital, enriching the inscription asset matrix, benefiting ecological prosperity and capital accumulation. - Improved user experience: Lower costs + faster confirmations, attracting new users to participate in inscription minting/ trading, activating the activity of existing users, and promoting user base growth.
2. Indirect Benefits (Medium to Long-term Value)
- Strengthened competitive advantage: Compared to other chain inscription solutions, BTC inscriptions are more competitive in terms of cost and efficiency, solidifying ecological leadership. - Infrastructure upgrades: Forces wallets, browsers, and trading platforms to adapt to the new format, perfecting the inscription toolchain, and enhancing ecological maturity. - Market sentiment boost: Cost dividends from upgrades + innovation expectations are expected to stimulate transaction volume and price increases in the inscription sector, attracting short-term capital attention.
3. Key Risk Warnings
- Short-term format incompatibility issues may arise; attention is needed on the adaptation progress of wallets and trading platforms. - If trading surges post-upgrade, it may lead to short-term Gas fee fluctuations; staggered operations are recommended. - An increase in new projects may trigger bubble risks; caution is needed against speculation in inferior assets.