NonFungibleDegen

【Blockchain Rhythm】Market data as of January 23 shows that Bitcoin has fallen below the $89,000 mark, with a 24-hour decline of 1.12%. This drop continues the recent market correction trend. In the short term, Bitcoin is under pressure around the $89,000 region, and market participants should pay attention to subsequent support levels.

The Stable mainnet of the stablecoin public chain will be upgraded to version v1.2.0 on February 4th. The main improvements include changes to the Gas token mechanism, simplification of user interaction experience, increased transparency of on-chain data, and enhanced developer compatibility. These changes will benefit developers and third-party applications within the ecosystem, accelerating application iteration.

Recently, there has been movement in the foreign exchange market, with the USD/JPY exchange rate showing significant fluctuations. Analysts believe that Japanese authorities may have intervened to address the risk of yen depreciation. After the Bank of Japan adjusted its interest rate policy, concerns about the yen intensified, with official funds possibly intervening near 159.00, while also increasing verbal interventions to stabilize the market.

A whale address (0x94d37) has started adjusting its position, reducing long positions in ETH and SOL, but still short on DASH, indicating a change in trading strategy. The ETH position is leveraged at 15x with an unrealized profit of $2.31 million; the SOL position is leveraged at 20x with an unrealized profit of $680,000.

Ethereum Layer 2 newcomer MegaETH has launched a stress test, reaching a TPS of 16,034.02, with a cost of only $0.0002. Users can experience real-time applications, demonstrating strong performance potential and competitiveness.

【Blockchain Rhythm】An interesting move just happened—A newly created wallet transferred 2.44 million USDC to a major exchange 5 hours ago, followed by placing a large order: 5 million ASTER at a fixed price of $0.6 each. This operation involves approximately $3 million. The new wallet + large entry + precise limit order—this combination looks well-prepared.

The Bank of Japan maintained the benchmark interest rate at 0.75%, in line with market expectations. This move provides stability to the global financial markets, reduces fluctuations in the yen exchange rate and cross-border capital flows, and has a positive impact on the liquidity of mainstream cryptocurrencies such as Ethereum and Bitcoin.

On the evening of January 23, ELSA tokens experienced a large-scale transfer, causing intense market volatility. At 5 a.m., the price of ELSA surged by 173%, but then retraced by 38%. The current price is $0.21459, with a market capitalization of approximately $48.54 million. The market has various opinions on the cause of this fluctuation.

Well-known investor Huang Licheng recently transferred 250,000 USDC to HyperLiquid, continuing to increase his 25x leveraged long position. The current size has reached approximately $12.11 million, holding 4,100 ETH with an unrealized profit of $73,000. However, his liquidation price is $2,888.40, indicating significant risk. This move demonstrates his bullish outlook on the market.

Recently, a well-known whale address has been heavily buying Ethereum on the FalconX platform, accumulating over 20,000 ETH with a total investment of $59 million. Currently, the holdings have reached 80,115 ETH, valued at nearly $237 million. The market is skeptical about its motives, believing it could be bottom-fishing or institutional positioning. Monitoring whale activity is necessary to interpret market trends.

【Crypto World】A wallet just staked 19,200 ETH to Beacon Depositor, worth approximately $56.378 million. This large transaction has attracted attention—whether it's institutional deployment or capital allocation strategies, such on-chain data offers some insights. The continued enthusiasm for ETH staking reflects many major players' optimism about long-term gains.

At the World Economic Forum, Musk predicted that AI will surpass individual thinking speed within the year, and by 2030, it may surpass human overall intelligence. He also mentioned that SpaceX's reusable rockets will significantly reduce the cost of space exploration and encouraged everyone to stay optimistic about the future.

Solana recently thanked Chinese users on Twitter for their support and welcomed more Chinese developers to participate in the crypto mobile ecosystem. This reflects Web3's emphasis on the Asian market, and it is expected that the involvement of Chinese developers will drive localized applications and innovation, promoting ecosystem diversity.

Recently, a whale address named 5AahUC purchased 20.07 million SKR tokens for $269,000 in just two days, with unrealized gains of $750,000 and a return on investment of 279%. This phenomenon has sparked attention to the reasons behind the SKR token price surge and the strategies of other major investors, providing some reference value for ordinary investors.

Chainlink recently acquired the on-chain order flow project Atlas and onboarded its core team, aiming to integrate Atlas's technology into Chainlink's SVR solution. This will enhance the capabilities of SVR and accelerate its adoption across multiple blockchain ecosystems, benefiting DeFi protocols and helping to achieve more stable yields.

Game payment solution provider ZBD completes $40 million Series C funding, with Blockstream Capital leading with $36 million, aiming to provide blockchain payment technology for game developers, supporting Bitcoin transactions and loyalty rewards. In the future, a more comprehensive payment product will be launched.

Recently, several major traders have been adjusting their positions in the market. The bulls are facing difficulties, with one whale suffering heavy losses due to a capital preservation closeout, and another bullish trader incurring a loss of $1.31 million. The bears are performing strongly, with a trader increasing their DASH short position, and another investor profiting $216,800 by closing ETH long positions. Market competition is fierce.

On January 22nd, Gate held an AMA where founder Dr. Han discussed the future of Web3, emphasizing that Intelligent Web3 needs to be integrated at the system level to improve user experience and risk management. Gate has launched the GateAI tool to assist market understanding and plans to further upgrade it to support its Intelligent Web3 strategy.

Ripple partners with DXC Technology to integrate Ripple's payment solutions into DXC's Hogan core banking platform, impacting 300 million accounts. This news drove the XRP price up to $1.96, marking the gradual integration of traditional banking with blockchain technology, enhancing financial service capabilities and reducing system overhaul costs.

A major trader opened a short position on 107,986.36 DASH with 5x leverage on January 22, resulting in an unrealized profit of $860,000. At the same time, they took long positions on BTC, ETH, and SOL, with a total unrealized profit of over $4.84 million, demonstrating their flexible long-short strategy and risk diversification capability.