SignatureVerifier

RIVER token surged over 27% within 24 hours under the promotion of a certain exchange. The ecosystem is active, with satUSD supply reaching $159 million and over 870,000 users. However, the unlocked 364,000 tokens pose risks, and the future trend is full of uncertainty. Holders should exercise caution.

A trading expert used a principal of $3 million to open $261 million in short positions on cryptocurrencies such as BTC, ETH, HYPE, and XMR through a rollover strategy, resulting in huge unrealized gains. However, high risk accompanies this, with the liquidation line approaching and the potential for significant losses.

U.S. Treasury Secretary Yellen stated that the likelihood of Trump's economic policies being overturned by the Supreme Court is very low, indicating relative stability in the U.S. policy framework. This policy certainty is particularly important for investors, helping to influence market expectations and providing a basis for global asset pricing.

Ethereum is currently trading between $3,000 and $3,200, facing liquidation pressures of $693 million and $1.02 billion respectively. A drop below $3,000 could trigger a liquidity crisis; while a breakthrough above $3,200 may lead to a large-scale short squeeze, increasing market volatility.

On January 20th, a well-known institution withdrew 9,939 ETH from the exchange, valued at $30.94 million. The address holds 636,717.65 ETH, with an average cost of $3,105.46, indicating a strong bullish outlook on Ethereum. Continuous withdrawals suggest market confidence.

The large trading institution Trend Research re-borrowed $30 million USDT through the Aave protocol on January 20th, holding 626,000 ETH with an unrealized loss of approximately $50 million. The institution adopted a leverage strategy to increase positions, indicating a positive outlook on the future market.

In the past two hours, the Ethereum contract market on the Hyperliquid platform has experienced a long-short standoff. Address 0x4607 shorted 3,840 ETH with 4x leverage, while address 0xfB66 went long on 10,000 ETH with 12x leverage. The opposing actions of the two indicate a market disagreement on the future direction of Ethereum.

【Crypto World】A leading exchange announced on January 20th that Elsa(ELSA) spot trading is now officially open. To attract user participation, the exchange has launched two major events — a Token Splash trading competition with a total value of 4,000,000 ELSA, and a Launchpool staking mining activity with 3,000,000 ELSA. Users who wish to participate can do so by depositing funds, trading in the spot market, or directly staking tokens to earn rewards. Depositing, trading, and staking are all available options, and everyone can join in.

The article discusses the risks of traditional oil trade relying on political commitments, proposing the use of blockchain tokenization technology to build a transparent "trust layer" and smart contracts to ensure compliance in crude oil transactions. It also suggests incorporating environmental cost premiums into transactions to promote sustainable development and reduce foreign investment's environmental responsibilities.

【Blockchain Rhythm】On January 20th, on-chain data shows that a seasoned trader shorted 2,750 Ethereum at a 25x leverage at 15:15. The position was opened at an average price of $3,117.64, with a total investment of approximately $8.59 million. As of now, this position has a floating loss of $24,000.
This address's trading style is quite aggressive, focusing on capturing short-term market fluctuations. In terms of capital allocation frequency, their trading strategy is quite flexible, demonstrating a good sense of market rhythm. These large traders typically adjust their positions quickly based on real-time trends, making them noteworthy market participants.

Well-known trader "Maji" Huang Licheng opened an 11 BTC long position on January 20th at approximately $92,858, ultimately incurring a loss of $22,000 and closing the position. At the same time, he took a small stop-loss on his $40.83 million ETH long position, with an unrealized loss of about $1.22 million, nearing liquidation. Since becoming active in futures trading in October this year, his account size has significantly shrunk.

Recently, a trader named "Bai Sheng War God" has attracted attention. He used 40x leverage to go long on 24.53 BTC, currently with an unrealized loss of $8,000. However, his trading history shows a profit of $34.87 million, with only 4 losing trades, demonstrating excellent risk management and timing of entries and exits. Although currently at a loss, the probability of a turnaround is high.

The Meme coin WhiteWhale on the Solana chain experienced a black swan event today, with its market capitalization plummeting from $50 million to nearly $20 million within just 5 minutes, a 60% decline. Large-scale sell-offs by major holders are the main cause of this phenomenon. Investors should exercise caution to avoid confusing it with similarly named tokens, and be aware of the rapid changes in risk and reward.

An address borrows 10 million USDT from Aave and transfers it to Binance. The address holds 626,778 Ethereum, with an unrealized profit of $53.52 million. The market speculates that it may be for additional positioning or strategic preparation. Large investors' actions indicate market sentiment.

The Hong Kong SAR Government plans to announce the "2026/2027 Financial Budget" on February 25, with a focus on virtual assets and investor protection. The industry calls for advancing the commercialization of virtual assets, strengthening the regulatory framework and liquidity, improving product approval efficiency, and cultivating professional talent, in order to establish Hong Kong as a global virtual asset hub.

An on-chain trader increased their short positions when Bitcoin declined, shorting 510 BTC and 31,093 ETH, with a total short position of $200 million. Although some positions are floating with unrealized gains, the liquidation price is close, and a rebound poses a significant risk of liquidation.

Penguin Coin PENGU surged to $0.013 at the beginning of the year, but due to traders taking profits, the price fell below $0.011, triggering stop-losses. The partnership with Manchester City failed to sustain enthusiasm, and a "sell the news" phenomenon appeared in the market. Future price movements within the $0.010-$0.012 range will determine the trend.

The regulatory outlook for the crypto market is once again tense, as a compliant platform withdraws support for the crypto bill, causing progress to stall. The White House and committees are pressuring to resolve issues related to stablecoins and banking services. Former President threatens to sue financial institutions, reflecting the complex relationship between the crypto industry and traditional finance, with the regulatory framework becoming increasingly complicated.

Recently, a major institutional wallet transferred out 13,000 ETH, worth approximately $41.75 million, of which 6,500 ETH have been moved into cold wallets of multiple exchanges. This move may indicate a portfolio adjustment or liquidity preparation by a large institution, and the market is closely watching this development.

The Genius project invested by YZi Labs will launch an on-chain trading terminal that combines the speed and liquidity of centralized exchanges, protects user privacy, and allows for self-custody of assets. The core feature of the project is "Ghost Orders," enabling large traders to execute complex strategies across multiple addresses while ensuring on-chain audit transparency. The new funding will support privacy protocol development, with plans to launch public testing by the end of 2026 and expand to multiple public blockchains. If technically feasible, it will become a new choice for large-volume traders.