**Market Overview**

Recently, the cryptocurrency market has shown a rebound trend, with Bitcoin and Ethereum both rising, driving the overall altcoin market higher. Compared to traditional finance, the performance of the three major US stock indices is mixed—Dow Jones down 0.8%, S&P 500 down 0.19%, Nasdaq down 0.1%. However, crypto-related stocks are defying the trend, with ALTS up over 12.4%, DFDV up over 9%, and MSTR up over 6.63%.

**On-Chain and Policy Developments**

In terms of public market financing, Strive shareholders have approved the acquisition of Semler Scientific. After the merger, Bitcoin holdings will increase to 12,798 coins. Meanwhile, privacy protocol Zama has launched a token sale via CoinList and its own auction platform, with an FDV base price of approximately $55 million, attracting market attention.

Forecast market data indicates that the probability of the US government shutting down again before January 31 is about 29%, and policy directions remain uncertain.

**Hot Sector Trends**

The inscription sector has experienced a collective surge, with leading projects like SATS and ORDI leading the gains. However, from a technical perspective, this rally is more of a follow-up to the market rebound and has not yet shown signs of forming an independent trend. Investors should remain cautious and observant.