Whale Moves 54.7 Million W Tokens to Coinbase, Faces Potential $653,800 Loss A significant whale investor has transferred 54.731 million W tokens, valued at approximately $1.36 million, to Coinbase. The tokens were acquired three weeks ago at a cost exceeding $2.01 million. The transaction, monitored by Arkham, indicates that if the whale decides to sell these tokens on the platform, they would incur an unrealized loss of $653,800. This move highlights the volatility experienced by some token holders in the current market conditions. #crypto #blockchain #news

Cango Reports Strong Weekly Bitcoin Output, Boosts Holdings US-listed Bitcoin mining firm Cango announced this week that it generated 108.1 BTC from its mining operations. As of the latest report, the company's total Bitcoin holdings have reached approximately 7,981.7 BTC. The firm's deployed hashrate currently stands at 50 EH/s. #crypto #blockchain #news #BTC #Bitcoin

HodlAI Introduces Innovative AI Service Model: Daily API Call Quotas Unlocked by Token Holdings HodlAI has unveiled a novel approach to accessing AI services, moving away from traditional prepaid top-ups and per-use deductions. Instead, users can unlock daily AI API call quotas by holding its native tokens, with access granted based on their holdings. The system allows users to retain their tokens in personal wallets, with daily refreshed quotas that can be utilized across a vast array of over 200 models, including prominent ones like GPT-5, Claude 4.5, and Gemini 3. The funding for these API services is generated through on-chain transaction taxes. HodlAI implements a 3% tax on every transaction, channeling the entirety of these funds into an API capital pool. This pool is then distributed as usage quotas proportionally to token holdings. As transaction activity increases, the capital pool grows, consequently expanding the available API access. To deter short-term speculation, HodlAI has integrated a token holding duration mechanism that influences quota release. Users with longer holding periods will receive higher available quotas, while addresses with a history of selling tokens will face limitations on their quota caps. The longer a user holds their tokens, the greater their access to AI resources becomes. #crypto #blockchain #news

Step Finance Suffers $30 Million SOL Breach as Funds Diverted to Unknown Wallets Decentralized finance platform Step Finance has reported a significant security incident, with multiple treasury and fee wallets compromised. The platform announced on X (formerly Twitter) that it is currently investigating the breach. On-chain data indicates that approximately 261,854 SOL tokens, valued at around $30 million, were unstaked and transferred to unknown addresses during the attack. #crypto #blockchain #news

CZ Denies Gold and Silver Holdings and Trading Amidst Market Rumors Binance founder Changpeng Zhao, widely known as CZ, has addressed circulating rumors suggesting he has been liquidating his gold and silver assets. In a response posted on the X platform to a community user inquiring about "why CZ is selling all his gold and silver," Zhao stated that he has never bought or sold gold and is unfamiliar with the process. Zhao further commented humorously on the matter, saying, "Let me sell my 2 ounces of gold and see how the market reacts." This statement directly refutes any involvement in gold or silver trading and highlights the speculative nature of the rumors. #crypto #blockchain #news

Nvidia CEO Jensen Huang Confirms Significant Investment in OpenAI Nvidia CEO Jensen Huang has announced the company's definitive participation in the current round of investment in OpenAI, committing substantial financial resources to the artificial intelligence research organization. The statement from Huang underscores Nvidia's strong commitment to the advancement of AI technologies and its strategic alignment with OpenAI's pioneering work in the field. The exact figures of the investment were not disclosed, but the emphasis on a "large amount of capital" suggests a significant contribution. This move by Nvidia is seen as a major boost for OpenAI, potentially accelerating its research and development efforts in areas such as large language models and generative AI. The partnership highlights the growing importance of collaboration between leading technology firms and AI research labs in shaping the future of artificial intelligence. #crypto #blockchain #news

Bybit Co-CEO Helen Liu Emphasizes "Listen, Care, Improve" Culture in Address to Global Staff During Bybit's annual celebration, Co-CEO Helen Liu delivered a speech to employees worldwide, outlining the company's long-term development philosophy and future vision. Liu reiterated Bybit's core values of "Listen, Care, Improve," underscoring their application in both business advancement and employee well-being. Reports from attendees indicate that Liu specifically paid tribute to a Bybit employee who tragically passed away, emphasizing that their spirit will continue to be a guiding force for the company. She expressed deep appreciation for every member of the Bybit team, stating that sustained company growth requires not only a focus on user value and industry innovation but also the integration of employee care into the corporate culture. Liu stressed that only through team cohesion and collective progress can Bybit maintain strategic resilience, cultivate long-term value, and navigate through market cycles to achieve a more prosperous future. #crypto #blockchain #news

Multicoin Capital Acquires 1.35 Million HYPE Tokens Valued at $40.8 Million Last week, a wallet identified as potentially belonging to Multicoin Capital purchased 1.35 million HYPE tokens. The transaction is valued at approximately $40.8 million. The acquisition was monitored by MLM, a crypto analytics firm. #crypto #blockchain #news

X Platform Boosts Creator Payouts Amid Crackdown on Inauthentic Accounts X Platform, formerly known as Twitter, is significantly increasing its creator reward payouts. This move comes as the platform intensifies its efforts to combat fraudulent activities, including the widespread use of bot networks and coordinated inauthentic engagement from "army" or "matrix" accounts. Nikita Bier, X's Head of Product and a Solana advisor, elaborated on the policy shift. He explained that the increased revenue share for creators is a direct consequence of X's robust efforts to identify and penalize accounts that employ deceptive tactics. These tactics include the use of AI-generated avatars, the inclusion of links in biographies for soliciting tips, and the engagement in non-compliant interactions within posts. The platform's initiative aims to foster a more legitimate and rewarding environment for genuine content creators by mitigating the impact of artificial amplification and manipulation. #crypto #blockchain #news

New Wallet Suffers $3.72 Million Loss on HYPE Token Trade A newly established cryptocurrency wallet has experienced a significant loss of $3.72 million after a short-term investment in HYPE tokens. According to Onchain Lens, the wallet, identified as "0x9D2," initially purchased HYPE for $44.99 million. The position was liquidated just three days later, with the entire holding sold for $41.27 million, resulting in a substantial trading deficit. The rapid buy and sell transaction highlights the volatility and inherent risks associated with short-term trading strategies in the digital asset market. #crypto #blockchain #news

Dragonfly Partner Disputes Binance-Ethena Cause of Market Crash Dragonfly Capital Managing Partner Haseeb Qureshi has refuted claims that the recent "10/11 market crash" was caused by Binance and Ethena. Qureshi argued that the narrative lacks credibility in terms of timeline, market dissemination, and evidence. He pointed out that Bitcoin's price decline began approximately 30 minutes before Ethena's USDe experienced issues on Binance, indicating a reversed causality. Furthermore, the deviation in USDe's price was confined to Binance and did not spread to other trading platforms, making it an insufficient explanation for a market-wide liquidation event. Qureshi drew a distinction between this incident and past global balance sheet shocks, such as the Terra collapse. Qureshi suggested a more plausible explanation involves a confluence of factors. These include market jitters stemming from President Trump's tariff remarks on a Friday evening and abnormal Binance API activity that prevented market makers from hedging across platforms, leading to liquidations. The market experienced a significant downturn on October 11th, which has been attributed by some to issues involving Binance and Ethena. However, a closer examination of the events suggests a more complex interplay of factors was at play. Haseeb Qureshi, Managing Partner at Dragonfly Capital, has presented an analysis that challenges the direct causality narrative. He highlights that Bitcoin's price had already bottomed out about 30 minutes before Ethena's USDe showed anomalies on Binance, suggesting the market downturn preceded the specific Ethena issue. Additionally, the price deviation for USDe was isolated to Binance and did not propagate across other exchanges, making it unlikely to be the sole driver of widespread liquidations. Qureshi proposes that a combination of events, including market uncertainty from political statements and technical disruptions on major exchanges, likely contributed to the market volatility.

Hang Seng Gold ETF to Explore Distribution via Licensed Digital Asset Trading Platforms Hong Kong's first physical gold ETF redeemable directly by individual investors from banks, the Hang Seng Gold ETF, is set to expand its distribution channels. The ETF, already listed on the Hong Kong Stock Exchange, will explore partnerships with licensed digital asset trading platforms, according to Hong Kong Financial Secretary Paul Chan Mo-po. Speaking at the 19th Asian Financial Forum (AFF) in Hong Kong, Chan revealed that the ETF, which offers investors the option to exchange their holdings for physical gold through banks, is planning to utilize licensed digital asset trading platforms for its distribution. The CEO of Hang Seng Investment Management, Maisie Lee, further elaborated that the tokenized, non-listed class of the Hang Seng Gold ETF is in its final testing phase and is anticipated for launch in the first quarter of 2026. This tokenized version will also be accessible to retail investors and is expected to feature a lower entry fee. While currently only US dollar-denominated units will be available, this class will not offer the option for physical gold redemption. #crypto #blockchain #news

Trader Bets Big on Silver with $5 Million Deposit on Hyperliquid A user identified as pfm.eth has deposited $5 million worth of USDC into the Hyperliquid trading platform. The funds are earmarked for a bullish position on silver. According to on-chain data monitoring service lookonchain, pfm.eth has already established a long position of 17,305 shares of silver, currently valued at $1.49 million. Additionally, the trader holds approximately $1.66 million in pending limit buy orders for silver. #crypto #blockchain #news

Elon Musk Denies Close Ties with Jeffrey Epstein, Cites Rejection of Invitations Elon Musk has publicly addressed potential misinterpretations of his past communications with Jeffrey Epstein, stating on the X platform that "certain email exchanges with Jeffrey Epstein could be misconstrued and used to tarnish my reputation." Musk emphasized his efforts in promoting the public disclosure of Epstein-related documents and expressed satisfaction with their eventual release. He further clarified that his interactions with Epstein were minimal, and he had "multiple times declined invitations to his private island or to travel on the 'Lolita Express'." Musk added that his primary concern lies with the U.S. prosecuting individuals who committed serious crimes alongside Epstein. #crypto #blockchain #news

SEC Operates Under Government Shutdown Contingency Plan The U.S. Securities and Exchange Commission (SEC) announced on X that it is currently operating under its contingency plan for government shutdowns due to a lapse in appropriations. As of January 31, 2026, and until further notice, only essential personnel will remain on duty. #crypto #blockchain #news

Ripple Co-Founder, Tim Draper Launch "Grow California" Crypto PAC, Aiming for $40 Million for Midterm Elections "Grow California," a political action committee co-founded by Ripple co-founder Chris Larsen and prominent Bitcoin supporter and venture capitalist Tim Draper, has reportedly secured approximately $40 million in donation commitments. The PAC intends to allocate these funds for independent expenditures and associated non-profit entities to combat California's wealth tax proposals and what they perceive as excessive union power. Chris Larsen anticipates contributing up to $30 million of his personal funds across multiple election cycles. Industry observers note that cryptocurrency-backed political action committees (PACs) are actively preparing for the 2026 U.S. midterm elections, seeking to enhance the industry's influence. Fairshake, another PAC reportedly backed by Ripple Labs, recently disclosed a substantial cash reserve of $193 million. The formation and funding of these crypto-focused PACs signal a strategic push by the industry to engage more directly in the political landscape, aiming to shape legislation and public policy favorable to digital assets and blockchain technology. #crypto #blockchain #news #BTC #Bitcoin

Beijing Man Sentenced to 46 Months for Role in $36.9 Million Crypto Laundering Scheme A 46-year-old Chinese national from Beijing, Su Jingliang, has been sentenced to 46 months in prison and ordered to pay $26.87 million in restitution for his involvement in a cross-border cryptocurrency money laundering operation linked to a "pig butchering" romance scam. The scheme, uncovered by U.S. authorities, targeted 174 American victims. Perpetrators established trust through social media and dating apps before luring victims to invest in fraudulent cryptocurrency platforms. Funds, totaling over $36.9 million (approximately 256 million RMB), were then funneled through 74 shell companies registered in the U.S. and subsequently converted into Tether (USDT). Su Jingliang reportedly played a pivotal role as the "accountant" in this elaborate fraud. He communicated with employees of Deltec Bank via encrypted messaging platforms like Telegram to facilitate the illicit transactions. #crypto #blockchain #news

US Government Shutdown Triggers Market Volatility, Bitcoin Dips Below $83,000 The United States federal government has entered a partial shutdown as budget approvals stalled before the deadline. This development has led to a cautious sentiment in the cryptocurrency market, with Bitcoin (BTC) falling below the $83,000 mark and Ethereum also experiencing downward pressure. While the Senate has passed a continuing resolution, the bill awaits a vote in the House of Representatives when it reconvenes on Monday, creating a "technical shutdown" over the weekend. Traders have reportedly adjusted their positions defensively ahead of the House vote. Analysts suggest that while the government shutdown itself may have limited macroeconomic impact, the combination of thin weekend liquidity and concentrated political news could amplify short-term volatility in the crypto markets. #crypto #blockchain #news #BTC #Bitcoin

Major ETH Holder Reallocates Funds to BTC, Exchanging $9.06 Million in WETH for WBTC A significant cryptocurrency holder, identified by on-chain analytics as "ETH whale holding for 4 years," has reportedly rebalanced its portfolio by exchanging $9.06 million worth of Wrapped Ether (WETH) for Wrapped Bitcoin (WBTC). According to on-chain analyst Ai Yi, the whale sold approximately 3,437.09 ETH at an average price of $2,637.62 over the past 20 minutes, acquiring 109.61 WBTC at an average price of $82,494.79. This strategic move follows previous profitable transactions by the holder, who reportedly profited 6.45% on an initial ETH exchange and approximately $810,000 on a second reallocation into WBTC. #crypto #blockchain #news #BTC #Bitcoin

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. #crypto #blockchain #news