SerumDegen

On January 23rd, a well-known whale address closed a short position of 206 BTC, worth approximately $18.36 million, exiting near break-even, and then withdrew most of the funds. This move may reflect a major investor's attitude adjustment towards the subsequent market trend.

River raises $12 million in funding, with investors including Tron DAO and other well-known institutions. The company plans to expand both EVM and non-EVM ecosystems, focusing on the TRON and Sui networks, dedicated to enhancing on-chain liquidity infrastructure and promoting cross-chain asset flow.

Recently, a major trader has made significant profits in precious metal contracts, earning $537,000 over the past seven days. Their holding strategy remains bullish, with an overall investment return of 121%. Their main investments are concentrated in on-chain gold and gold-mapped contracts, which have performed particularly well.

Fintech company Revolut recently decided to apply directly for a US banking license, abandoning its plan to acquire a US bank. This move is due to the high costs and complex approval process associated with acquisitions, and the current regulatory environment favors direct application. Revolut is actively communicating with the Office of the Comptroller of the Currency (OCC) in the United States, hoping to accelerate the approval process.

【Crypto World】Ethereum founder Vitalik recently shared in-depth reflections on the original design intentions of Bitcoin. He believes that from the moment Bitcoin was born, it rejected the temptation to follow the trend of "mass tools." This perseverance is not stubbornness but a dedication to principles—using technological means to uphold each user's autonomy and freedom. This philosophy remains the core value proposition in the cryptocurrency ecosystem today. In contrast, many later projects often compromise to expand their user base, but Bitcoin's more than ten years of practice has proven that tools committed to autonomy are the ones with vitality.

Space financing event has new developments, with investors demanding that the project prioritize protecting the rights of the community and public sale participants, promising to launch a refund system on January 27 and return at least 50% of the funds raised. Additionally, investors require disclosure of fund usage and remaining amounts, emphasizing financing transparency.

The Meme coin testicle on the Solana chain experienced intense volatility, with its market capitalization once reaching $23 million before falling back to $21.2 million, a 36% increase. This type of coin mainly relies on hype and sentiment, lacking real utility value. Participants should exercise caution and manage risks carefully.

On-chain whale "Air Force Commander" has expanded its short positions again after nearly $200 million in liquidations, with total holdings increasing from $266 million to $305 million. The operation included a new short position of 123,000 SOL, and short positions in BTC, ETH, and PEPE also increased, indicating that it still maintains a bearish outlook on the market.

The rise in spot gold has driven the popularity of tokenized gold. As of January 23, the total market capitalization of the gold tokenization ecosystem reached $5.12 billion. Among them, XAUT's market cap is $2.579 billion, and PAXG's market cap is $1.989 billion, demonstrating a continued increase in users holding gold through blockchain.

A leading Bitcoin asset company's perpetual preferred stock has reached $8.36 billion, surpassing the $8.21 billion in convertible bonds. This change aims to avoid bond maturity risk, but the fixed annual dividend of $876 million raises concerns. Analysts worry that a decline in Bitcoin prices could lead to the issuance of new shares to maintain dividends, increasing the risk of equity dilution. If Bitcoin sales become unavoidable, the company could face difficulties, potentially triggering a vicious cycle in the market.

According to Bubblemaps statistics, Solana Mobile's SKR token has attracted over 60,000 wallet addresses to participate in claiming, with a total airdrop size of $70 million, and an average of about $1,400 per address. This demonstrates that the value of the Solana ecosystem is gradually being unlocked on mobile devices, with the project gaining community recognition and valuing early supporters.

Recently, approximately 2993 Bitcoins were transferred from Coinbase's institutional department, worth $265.9 million, to an unknown wallet. This large transfer has attracted market attention and may indicate a strategic adjustment by institutional investors, which traders should closely monitor.

【Blockchain Rhythm】The US November Core PCE Price Index has been released, with the annual growth rate remaining at 2.8%, in line with market expectations. This data is of significant reference value for the Federal Reserve's future policy direction, directly affecting monetary easing expectations and subsequently impacting the valuation logic of the entire cryptocurrency market.

Some users have increased their holdings by $11.87 million in BTC and ETH on the Hyperliquid platform, bringing the total short position to $276 million. The account's margin utilization has exceeded 100%, facing the risk of forced liquidation, which is worth monitoring.

Ripple's newly launched stablecoin RLUSD does not compete with XRP; instead, they support each other. RLUSD attracts capital inflows, enhancing the demand for XRP's payment channels, which indirectly boosts the demand for XRP. RLUSD offers stability, while XRP serves as a bridging link, and together they promote ecological prosperity.

A popular romance interactive game on Steam announces a Web3 upgrade, officially launching the content-based RWA asset LOVEVoyage, and listing on the RWAX trading marketplace. Users can participate in content creation, governance voting, and more, combining fan economy with on-chain transactions to explore new ideas for content asset commercialization.

Domestic GPU chip company Xiwang announces the completion of nearly 3 billion yuan in strategic financing, with participants including multiple industry and capital institutions. Xiwang emphasizes developing a "more AI-savvy domestic GPU," aiming to reduce the cost of high-end computing chips and support the research and development of next-generation inference GPUs and ecosystem co-construction. This will impact the application of AI models on blockchain and the cost structure of computing infrastructure.

TRON founder Justin Sun invested $8 million in DeFi protocol River, causing the RIVER token to surge 24% and hit a new all-time high. However, CoinGlass analysis indicates that RIVER's futures trading volume far exceeds its spot trading volume, suggesting that price volatility is mainly driven by leverage. Investors should be cautious of the market’s apparent prosperity.

The USD1 trading competition on BNB Chain has entered its seventh day, with established Meme coins EGL1, CDL, and Liberty remaining in the top three, while newly emerging Meme coins like BIG DON and An have experienced significant declines. Although funds are rotating, some Meme coins are still rebounding. The participation requirements are lenient and encourage involvement, but investment should be cautious as the risks are considerable.

A leading exchange plans to optimize the minimum price movement units for multiple spot trading pairs on January 29, 2026, to enhance market liquidity and improve trading experience. Traders using the API should pay attention to parameter changes and adjust their settings in advance to avoid affecting automated trading.