NullWhisperer

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.

Recently, traders have earned $233,000 on Polymarket through coordination strategies, exploiting moments of low liquidity. They buy prediction contracts, drive up the XRP price, and then sell, revealing vulnerabilities in Polymarket's automated market maker bots. This indicates that during periods of insufficient liquidity, automated mechanisms can be manipulated, and market participants should remain vigilant.

The Hong Kong Securities and Futures Professionals Association submitted a position paper on the crypto asset reporting framework, supporting mandatory registration to comply with OECD standards. It also recommends providing a simplified registration mechanism for small and medium-sized institutions to reduce compliance costs. Additionally, the association advocates replacing criminal accountability with administrative fines, supports a dual reporting model, and proposes providing API interfaces to enhance compliance efficiency.

【Crypto World】 Recently, Bitcoin's upward momentum is not driven by leveraged trading. The data shows that this rebound is actually supported by genuine buy orders in the spot market. In other words, it’s not futures leverage speculation pushing up the price, but real buying power returning to the spot side. This change indicates that market sentiment is gradually improving, and participants are no longer gambling on the trend but are building positions based on confidence in the subsequent movement.

This year's performance of leading derivatives trading platforms shows that Hyperliquid has the largest trading volume, reaching $2.93 trillion; while the platform with the highest user attention is Aster, despite its trading volume being $791 billion, its web traffic surpasses other platforms. This reflects a gap between user attention and actual trading behavior. In the future, product iterations and ecosystem development across platforms will determine their user attraction and retention rates.

【Crypto World】Interesting first-hand data has arrived—large Ethereum transfer activity. According to on-chain monitoring, a major exchange recently transferred 32,395 ETH to a new address, which is roughly $103.8 million USD. What is the intention behind such a large transfer? Is it for some operation, or simply address management? Anyway, these large-scale transfers have always been a market focus, worth paying attention to for future developments.

A leading exchange will conduct trading pair adjustments at 16:00 on January 20, removing 23 trading pairs. Traders need to manage their positions within the specified time to avoid being unable to operate. It is recommended to follow the official announcement for the latest information.

The decentralized social platform Towns will support Ethereum's EIP-8004 and EIP-7702 proposals, with the former establishing cross-ecosystem collaboration standards for AI agents, and the latter introducing innovative transaction types supporting EOA executable code configuration. This move demonstrates a rapid response to Ethereum standards, and the future application effects remain to be seen.

Renowned trader 0xe5416 experienced consecutive stop losses today, with a total loss of $38,000. All positions have been closed and the trader has shifted to a wait-and-see stance. This reflects increasing market divergence on Ethereum's short-term trend and may indicate an upcoming period of volatility.

Pundi AI has completed technical integration with Bella Protocol. Bella's AI trading signals and market research tools are now accessible through Pundi AI's decentralized data network, enhancing trading strategies and market analysis capabilities. At the same time, Bella's Telegram AI assistant improves user interaction experience. This collaboration demonstrates the potential of AI-driven infrastructure in on-chain applications, promoting further development of the Web3 ecosystem.

【Blockchain Rhythm】Interestingly, there are also whales quietly moving. The latest monitoring on January 19th shows that the address 0x4bD withdrew 404,000 LINK tokens from a major exchange in one go, equivalent to approximately $5.55 million.
What’s even more noteworthy is the whale’s accumulation pattern. Over the past four months, it has been steadily buying with an average cost of $15.56, accumulating a total of 3.32 million LINK tokens, with a holdings value of $51.62 million. This continuous, large-scale, low-cost accumulation pattern often indicates that institutions have plans for the future market.

【BitPush】Security agencies have detected a new development in the wallet theft incident on January 10th that resulted in over $282 million in losses. Approximately $63 million of the stolen funds were transferred to address 0xF73a...cc21 before further movement. More notably, this amount was subsequently detected being deposited into Tornado Cash for mixing operations. Such on-chain movements of large sums often indicate that hackers are intensifying their money laundering efforts. For exchanges and wallet users, this serves as a warning—asset security measures must not be relaxed.

Aster has launched a strategic repurchase reserve mechanism for the ASTER token, allocating 20% to 40% of platform fees daily for market buybacks, with the ratio dynamically adjusted to optimize results. This deflationary model aims to reduce circulating supply, theoretically supporting the price. The initial buyback has already begun and can be tracked in real-time.