NullWhisperer

【Crypto World】Bitcoin market experiences a correction. BTC's latest price drops to $89,947.52, a 24-hour decline of -3.28%. Trading activity remains high, with a volume of approximately $37.123 billion in the past 24 hours. After this decline, market participants are watching to see if Bitcoin can hold its support level. Short-term fluctuations are normal adjustments; the key is whether there will be further selling pressure or rebound opportunities.

Last week, institutional major player Bitmine increased its ETH holdings again, purchasing 35,268 ETH in a single week, bringing the total holdings to 4,203,036 ETH, with a market value of approximately $12.96 billion. Bitmine's staking strategy continues to advance, with 1,838,003 ETH staked, and a new plan expected to launch in Q1 2026. Additionally, its total assets have reached $14.5 billion, demonstrating confidence in the prospects of the crypto market.

ETH has recently experienced a significant price decline in trading, despite an increase in trading volume, indicating heightened selling pressure. From a technical perspective, the RSI has entered oversold territory, suggesting a potential rebound. Traders should watch for buy targets at 2954.39 and 3113.34, as well as sell targets at 3397.0 and 3376.01. The key support level is 3118.0, and the resistance level is 3397.0.

The Korea Financial Services Commission and the Fair Trade Commission are evaluating the "one exchange cooperates with only one bank" model for cryptocurrency exchanges, which could exacerbate market centralization. This model has evolved under anti-money laundering and customer verification requirements, posing challenges for small and medium-sized exchanges. Additionally, this assessment is related to the promotion of the Basic Digital Asset Law, with the new legislation expected to be delayed until 2026.

Hong Kong's new virtual asset regulations have raised industry concerns, and existing compliant managers are facing pressure to adjust their business structures. The industry is calling for a transition period of 6 to 12 months to ensure a smooth market transition and avoid chaos, with the current regulatory and market balance becoming a focal point.

Trove Markets' TROVE token rapidly collapsed after launch, with its valuation dropping from $20 million to $500,000, a 97.5% decline. The project changed chains after raising $11.5 million, and funds were misappropriated, causing community dissatisfaction. A top liquidity provider's sell-off of HYPE tokens led to market collapse, resulting in heavy losses for investors. This incident once again warns investors to pay attention to a project's transparency and actual execution capability.

The top 30 long whales on the chain are facing significant losses, especially the whale holding a $31.9 million HYPE long position, which is currently at a floating loss of $21.3 million, with the liquidation price approaching. Other whales are also in trouble, increasing the risk of forced liquidation.

【Crypto World】Solana SOL experienced a significant pullback today. The current price is $129.85, down -2.67% in the past 24 hours. Trading activity remains high, with daily trading volume maintaining at $5.411 billion level.

The Bitcoin Fear and Greed Index experiences a golden cross, with the 30-day moving average breaking above the 90-day moving average for the first time, indicating that market sentiment may turn optimistic. Historically, such signals are often accompanied by a shift in market expectations, suggesting a potential upward trend, but should be analyzed in conjunction with other market factors.

Solana Mobile's SKR token airdrop will open on January 21, divided into five tiers, with a total of nearly 2 billion SKR distributed to the community. Market opinions on SKR's valuation vary significantly; some analysts believe its market cap is undervalued and expect the price to rise, while others think the return rate is not optimistic. After opening for claiming tomorrow, the actual price trend remains to be seen.

A leading social media platform's engineering team announced the open-source release of a new algorithm, which uses the same Transformer architecture as a certain AI model. The founder acknowledged that the algorithm still needs optimization and emphasized transparency in the improvement process. This move aims to respond to the cryptocurrency community's concerns about algorithm censorship, enhance transparency, and reduce manipulation opportunities.

Paradex in the Starknet ecosystem experienced a system crisis on January 20th, with database maintenance interruption causing incorrect BTC prices and triggering forced liquidations. The official team chose to roll back the chain state and relaunch it in the evening. This incident has sparked criticism regarding the trustworthiness and security of on-chain DEXs, questioning their decentralization authenticity. The Solana community's perspective points out that decentralized validator infrastructure can prevent similar issues.

On January 20th, a well-known whale address shorted 44.15 BTC with 40x leverage, with a trading volume of approximately $4.07 million, currently showing a slight profit. This address is known for high-leverage trading, mainly operating in BTC and ETH, quickly entering and exiting the market to profit from volatility.

Recently, the token market of the BAGS ecosystem has shown divergence, with several tokens like RALPH and GAS experiencing significant declines, while new tokens such as ELIZA TOWN and GOLEM have surged sharply, indicating active capital flow but higher risks. Investors should exercise caution when participating.

Shenzhen IT man Li Dong was summoned by the police on suspicion of "running a casino," and 103 bitcoins in his digital wallet were frozen. He was subsequently charged with "theft." The case highlights the complexity and legality issues of virtual currency assets.

The Japanese bond market has recently experienced a massive sell-off, with the 40-year government bond yield surpassing 4% for the first time, reaching its highest level since 2007. Market concerns over the government's potential reduction of the food sales tax, combined with opposition parties' proposal to establish a new government fund, have increased risk sentiment in the bond market. This volatility could impact global capital allocation and cryptocurrency market sentiment.

Recently, a transfer of 109.93 BTC (approximately $10.08 million) occurred on the Bitcoin network, attracting market attention. After the transfer, the recipient quickly transferred 1.449985 BTC to GSR Markets, possibly indicating institutional-level trading activity, reflecting the influence of whales on the market.

【BitPush】Zama's mainnet staking feature is now officially live. The ZAMA token has two functions here: first, it is burned when users make payments; second, it can be staked to earn rewards.
The protocol mints new tokens at an annualized rate of 5% to pay network operators. Operators need to stake ZAMA to participate and to receive rewards. How are the rewards distributed? — 40% to FHE nodes and 60% to KMS nodes. This structure ensures participant incentives and gives the token practical use.

Bitcoin mining company Hut 8 has signed a $7 billion, 15-year data center leasing agreement with Fluidstack, securing 245 MW of IT capacity, with Google providing financial guarantees. Analysts are optimistic about its long-term cash flow and growth potential, raising target stock prices accordingly.

In December, Ethereum was favored by institutional investors in the crypto market, with Fidelity and Grayscale's Ethereum funds attracting $59.25 million and $39.21 million in investments respectively. Although Bitcoin ETFs performed modestly, cryptocurrency ETPs remain a stable position in the market, becoming an important asset for institutional allocation.