Whale's $230 Million ETH Long Position Nears Liquidation, Down to $350 Margin
A significant holder, who has a substantial $230 million allocated to a long position in Ethereum (ETH), is reportedly close to liquidation. On-chain analyst Ember has reported that the liquidation price for this $600 million ETH long position is set at $2,290.
As ETH recently dipped to $2,600, the position is now only $350 away from being liquidated. This precarious situation has resulted in an unrealized loss of $120 million for the whale.
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Silver's Pullback Triggers Unprecedented Liquidations in Tokenized Futures, Surpassing Bitcoin
Tokenized silver futures have experienced the largest liquidation volume in the crypto market over the past 24 hours, a rare occurrence that saw them surpass Bitcoin. This surge in liquidations is attributed to a sharp pullback in spot silver prices from their recent highs, triggering a wave of cross-market leveraged position unwinds. The most significant single liquidation event involved a high-leverage XYZ: SILVER-USD position valued at $18.1 million on the Hyperliquid platform, which was forcibly closed due to extreme price volatility.
Analysts suggest that this unusual liquidation spike was primarily driven by a significant correction in silver prices following a rapid ascent. Concurrently, exchanges increased margin requirements for precious metal futures, exacerbating the passive deleveraging of highly leveraged positions and intensifying short-term price fluctuations. The market is now closely monitoring whether precious metal prices can stabilize and if the focus of liquidations will shift back to core assets like Bitcoin and Ethereum.
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Jupiter Launches Solana Ecosystem Explorer, explore.ag
Jupiter has announced the launch of its Solana ecosystem explorer, explore.ag, on the X platform. This new tool aims to create a discovery layer for the entire Solana ecosystem by integrating data from Solscan and DefiLlama.
The explorer provides users with a consolidated view of project overviews, encompassing crucial metrics such as financial performance (fees, revenue, TVL), social media activity (tweets, followers, updates), user engagement (transactions, growth), product details, and token information.
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Citigroup: Half of Gold's Upward Risk May Dissipate Later This Year
Citigroup stated on Friday that the current support for gold investment stems from a confluence of intertwined geopolitical and economic risks. However, the financial institution estimates that approximately half of these driving forces could recede by the latter part of this year.
According to Citigroup, several key risk factors underpinning gold demand, including concerns over U.S. government debt and uncertainties surrounding artificial intelligence, are likely to keep gold prices elevated above historical averages. Despite this, the bank projects that a substantial portion of the risks currently priced into gold may not materialize by 2026, or if they do, they will not persist beyond that year.
The bank added, "We observe efforts by the Trump administration to achieve 'American-style gold stability' leading up to the mid-term elections in 2026. We also anticipate an end to the conflict in Ukraine and a potential de-escalation of tensions in Iran. These developments would suggest a reduction in risk compared to current levels."
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Gold Price Plummets Amid Potential "Gamma Squeeze"
Institutional analysis suggests that Friday's sharp decline in gold prices may have been exacerbated by a phenomenon known as a "gamma squeeze." This occurs when the price of an asset moves through significant option contract strike prices. In such scenarios, dealers holding short option positions are compelled to purchase more futures contracts or exchange-traded fund shares to rebalance their portfolios. Conversely, if the price retreats past these levels, they are forced to sell.
Specifically for the SPDR Gold ETF, options with strike prices at $465 and $455 expired on Friday, drawing attention to these price points. Furthermore, significant open interest was observed in CME's March and April options, concentrated around strike prices of $5300, $5200, and $5100.
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US Treasury Sanctions UK Crypto Exchanges Zedcex and Zedxion for Iran Transactions
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on the United Kingdom-based cryptocurrency exchanges Zedcex and Zedxion. The action was taken due to the exchanges' alleged handling of significant funds linked to counterparties associated with Iran's Islamic Revolutionary Guard Corps (IRGC).
This marks the first time OFAC has sanctioned digital asset exchanges for their involvement in Iran's financial sector.
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Binance Founder CZ Notes Increased Investor Interest in "Easy Residence" Amidst Market Downturn
Binance founder Changpeng Zhao, widely known as CZ, has shared that the next cycle of the "Easy Residence" project, spearheaded by YZi Labs, has received 400 applications. The project aims to launch approximately 4-6 cycles annually, with each cycle featuring around 20 projects.
CZ observed that periods of market disinterest can present more favorable investment opportunities. "When the market is not hot, it's easier to invest," he stated. "All the hype disappears, and real builders continue to build."
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Whale Liquidated in Multi-Million Dollar Silver Trade Loss
A significant cryptocurrency whale, identified as "0x94d3," experienced a substantial loss of over $4 million after their $29 million long position in silver was fully liquidated. The liquidation occurred as the price of silver experienced a sharp downturn.
The monitoring firm Lookonchain reported that the massive whale's entire silver long position was wiped out due to the dramatic price drop.
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Circle Reports Significant USDC Outflow: $3.4 Billion Reduction in Circulation Over One Week
In the seven days leading up to January 29th, Circle saw a substantial decrease in its USD Coin (USDC) circulation, with a net reduction of approximately $3.4 billion. The stablecoin issuer reported issuing around $5.2 billion in USDC while facilitating redemptions totaling approximately $8.6 billion during that period.
The total circulating supply of USDC now stands at $70.2 billion. Circle's reserves to back the stablecoin are reported at roughly $70.3 billion. These reserves are primarily comprised of $41.2 billion in overnight reverse repurchase agreements, $18.8 billion in Treasury bills with maturities under three months, $9.4 billion in deposits from U.S. systemically important financial institutions, and $1.0 billion in other bank deposits.
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Santiment: Extreme Crypto Market Fear Signals "Strong Bullish" Outlook
According to a report by Cointelegraph, cryptocurrency analytics platform Santiment has indicated that the current dip in cryptocurrency market sentiment, reaching yearly lows, might be one of the few signs pointing towards a potential rebound.
Santiment stated, "This sentiment reading is currently one of the few strong bullish signals. Extreme negativity on social media also brings a sliver of hope. The ratio of bearish to bullish comments is heavily skewed towards fear."
The firm suggests that sustained market fear could foreshadow an impending market reversal.
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Fed Nominee’s Epstein Connections Emerge on Nomination Day
Kevin Warsh, nominated by U.S. President Donald Trump to lead the Federal Reserve, has had his name surface in newly unsealed court documents related to the Jeffrey Epstein case.
According to Jinshi News, Warsh's name appeared on a guest list for a "2010 St. Bart's Christmas" event, a list that also included individuals such as Russian oligarch Roman Abramovich. Additionally, Warsh reportedly attended a dinner hosted by British aristocrat William Astor. The emergence of this information coincided with his nomination for Fed Chair.
Previously, Warsh's primary point of contention involved his association with Republican donor Ronald Lauder, who has been accused of influencing Trump's interest in Greenland during his first term and holding commercial interests in the region. Warsh may now be required to address his ties to Epstein and his 2010 Christmas itinerary. Observers are also considering whether Trump's nomination might be connected to their shared social circles.
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Winklevoss Brothers' Political Fund Suffers Nearly $5 Million Hit from Bitcoin Holdings Decline
A political fundraising group established by Gemini co-founders Cameron Winklevoss and Tyler Winklevoss has seen its Bitcoin holdings lose nearly $5 million in value due to market fluctuations. The group, identified as the Digital Freedom Fund, raised over $22 million in the final five months of 2025.
According to recent filings with the Federal Election Commission, the Winklevoss twins transferred 188.4547 Bitcoin to their Super PAC in August of last year. At that time, Bitcoin was trading at approximately $114,000 per coin. The subsequent market downturn has significantly impacted the value of these digital asset donations.
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Lighter Partners with Axiom to Launch Lighter EVM
Lighter announced on X (formerly Twitter) its collaboration with Axiom to introduce Lighter EVM, an EVM-equivalent rollup designed for native interoperability with the Lighter ecosystem.
The Lighter EVM aims to enable general-purpose applications to compose with Lighter's market and liquidity infrastructure in a low-latency environment. Secured by OpenVM zkVM, Lighter EVM will maintain compatibility with Lighter's core financial engine that powers its trading platform and spot trading functionalities.
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US Federal Government Faces Shutdown Amidst Budget Deadlock
As of early Friday, January 31st, multiple departments within the U.S. federal government are operating without necessary funding due to an unpassed budget. This marks another shutdown for the nation's government, occurring less than three months after the conclusion of the longest shutdown in U.S. history, which lasted 43 days. Even if the current budget proposal being debated in Congress is approved, some agencies will only receive a two-week extension of funding. This suggests the U.S. government could face a third shutdown in a short period within the next two weeks.
The recurring budget impasses highlight persistent challenges in bipartisan negotiations and raise concerns about the stability of government operations and the continuity of essential services.
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Jupiter Launches Permissionless P2P Lending Market, Jupiter Offerbook
Jupiter has announced the launch of Jupiter Offerbook, a money market designed for permissionless trading of all assets on Solana. The platform facilitates time-based P2P loans, eschewing price-based liquidations. Users can engage in lending and borrowing using a diverse range of assets, including tokens, Real World Assets (RWAs), and NFTs.
This innovative approach to decentralized finance offers users greater flexibility and control over their lending and borrowing activities within the Solana ecosystem.
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Ethereum Spot ETFs See $253 Million Net Outflow, BlackRock Leads with $157 Million Departure
On January 30th, Ethereum spot Exchange-Traded Funds (ETFs) experienced a significant net outflow of $253 million, according to data from SoSoValue.
BlackRock's ETHA ETF recorded the largest single-day net outflow, totaling $157 million. The ETF currently holds a cumulative net inflow of $12.24 billion. Fidelity's FETH ETF followed with a net outflow of $95.71 million, bringing its historical cumulative net inflow to $2.57 billion.
As of the latest reporting, the total net assets of Ethereum spot ETFs stand at $15.86 billion, representing 4.9% of Ethereum's total market capitalization. The cumulative ETF net asset ratio indicates a substantial presence in the market.
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Tennessee Lawmaker Proposes "Tennessee Strategic Bitcoin Reserve" Bill
A bill has been introduced in the Tennessee House of Representatives by Representative Jody Barrett that aims to establish a "Tennessee Strategic Bitcoin Reserve." This legislative move signals a potential shift in how state assets might be managed, with a focus on integrating Bitcoin.
The proposed legislation, as reported by Bitcoin Magazine, outlines the framework for creating this reserve. Further details regarding the bill's specific provisions and potential implications for the state's financial strategy are anticipated as the legislative process unfolds.
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0xSun Invests $2 Million in HyperLiquid, Opens $SILVER Long Position with 4x Leverage
An address associated with 0xSun has deposited 2 million USDC into HyperLiquid and initiated a long position on $SILVER with 4x leverage via trade.xyz.
Onchain Lens data indicates the significant deposit and subsequent leveraged trade.
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Solana Spot ETFs See Significant Outflow on January 30
United States-based Solana spot ETFs experienced a net outflow of $11.24 million on January 30, according to data from SoSoValue.
The Bitwise SOL ETF (BSOL) recorded the largest single-day net outflow at $10.12 million, bringing its total historical net inflow to $678 million. The Grayscale SOL ETF (GSOL) saw a net outflow of $2.15 million, with its total historical net inflow now at $114 million.
As of the latest reporting, the total assets under management for Solana spot ETFs stand at $992 million. The Solana Net Asset Ratio is 1.50%, and cumulative net inflows have reached $871 million.
This data indicates a notable shift in investor sentiment for Solana-related exchange-traded products within a single day. Further analysis will be required to determine the contributing factors behind this outflow.
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Trader Achieves Astronomical 563x Return on MOLT Token in Two Days
A remarkably swift and lucrative trade has seen one individual turn a modest investment into a fortune. According to Onchain Lens, a trader managed to transform $2,021 into $1.14 million within a mere two-day period by trading the $MOLT token.
The astute trader acquired 1.24 billion $MOLT tokens for 0.68 ETH, equivalent to approximately $2,021 at the time of purchase. These tokens have since surged in value, reaching a current valuation of $1.14 million, representing an astonishing 563-fold return on investment.
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