According to crypto journalist Eleanor Terrett, the U.S. Senate Banking Committee has decided to cancel its scheduled meeting tomorrow to amend the Market Structures Act, given the controversy surrounding the Coinbase incident today. It is unclear whether a new date has been set. Previously, it was reported that Coinbase withdrew its support for the cryptocurrency market structure bill.
Ethereum staking hits a new high, with nearly 30% of the supply locked.
According to data from the validatorqueue website, Ethereum staking has now reached a record high of 35.9 million ETH, representing approximately 29.61% of the total ETH supply. As of now, there are 160 ETH in the Ethereum PoS network exit queue, with a waiting time of approximately 4 minutes. During the same period, there are 2,479,680 ETH waiting to be entered, with an estimated activation delay of approximately 43 days and 1 hour.
According to an announcement shared by Base co-founder Jesse Pollak, the Base app will strategically focus on a "trading-first" approach to drive demand and distribution across various assets. The official statement summarized three user feedback points: the app previously overemphasized social features, had a style similar to traditional Web2, and failed to adequately support the diverse asset trading needs of users; there is a strong market demand for high-quality assets; and the information feed should comprehensively showcase on-chain dynamics, including applications, stocks, prediction markets, and social tokens. Therefore, the Base app will make specific adjustments: prioritizing trading functionality to drive capital flows to all rapidly growing asset classes; introducing more high-quality assets onto the blockchain; and adopting a "finance-first" user experience design, layering social features (such as copy trading, information feed trading, and leaderboards) on top of financial functions.
According to Onchain Lens monitoring, as the market continues to rise, "1011 Insider Whale" currently holds more than $51.05 million in floating profits, but has lost $6.64 million in cash.
According to on-chain analyst Yu Jin, a "whale that bought $263 million worth of WBTC and ETH at high prices using a revolving loan strategy" sold 300 WBTC at a loss today after BTC broke $97,000, exchanging them for 29.11 million USDT to repay the loan. The selling price was $97,053. He has already incurred a loss of $39.15 million due to buying high and selling low: In August 2025, he bought 1,560 WBTC at $116,762 (worth $182 million) and 18,517 ETH at $4,415 (worth $81.75 million). As the market subsequently declined, he began selling at a loss in November. Currently, he has sold all his ETH at $3,049, incurring a loss of $25.29 million; and sold 560 WBTC at $92,015, incurring a loss of $13.86 million. He still holds 1,000 WBTC (worth $96.81 million).
According to crypto journalist Eleanor Terrett, following Coinbase's public opposition, several companies and industry associations in the crypto sector have issued statements supporting the U.S. Senate Banking Committee's crypto market structure bill. Currently, a16z, Circle, Kraken, Digital Chamber, Ripple, and CoinCenter have all expressed their support.
Coinbase withdraws its support for the cryptocurrency market structure bill.
According to Bloomberg, Coinbase CEO Brian Armstrong announced that the company has withdrawn its support for the current version of the crypto market structure bill, which is about to be considered by the Senate Banking Committee. Armstrong stated that the draft bill has "too many problems," including essentially banning tokenized stocks and restricting DeFi, adding that he would "rather have no bill than a bad one." Armstrong pointed out that the current version of the bill is "substantially worse than the status quo," with specific problems including eroding the authority of the Commodity Futures Trading Commission (CFTC) and potentially prohibiting exchanges from offering stablecoin rewards. Coinbase had previously been one of the main industry forces pushing for the bill, and this shift in stance could delay or even hinder the legislative process.
Solana Mobile announced on its X platform that the SKR airdrop allocation query is now available in the Seed Vault wallet, allowing eligible users and developers to check their eligibility. This airdrop distributed nearly 2 billion SKR to the community, with approximately 1.82 billion SKR allocated to 100,908 users and 141 million SKR to 188 developers. SKR will be officially available for collection on January 21st at 10:00 AM (UTC+8). After collection, users can stake SKR directly with Guardians through the Seed Vault Wallet to receive rewards, or stake via the web interface. Users need to prepare a small amount of SOL in advance to cover the on-chain fees required for collection. Season 2 has officially begun, and ecosystem incentives will continue to be implemented.
According to on-chain analyst Yu Jin, 6 hours ago, 25 million ONDO tokens (US$10.19 million) were transferred out of Ondo's multisignature wallet and then entered five exchanges including Coinbase, OKX, Bybit, Gate, and Kucoin.
According to an official announcement, the DFINITY Foundation has released a new white paper, "Mission 70," authored by its founder, Dominic Williams. The white paper proposes a concrete plan to expand the economic scale of the Internet Computer and promote its widespread adoption. Key aspects of the white paper include: proposing economic reforms aimed at reducing inflation and supporting long-term sustainable development; a clear focus on promoting the practical use of the network to support ecosystem development; and a concrete plan with clear mechanisms and timelines, centered on implementation. Coingecko data shows that the ICP price is currently at $4.66, a 24-hour increase of 30.3%.
According to Onchain Lens monitoring, the "Strategy counterparty" further increased its long positions in BTC, ETH, and SOL, currently totaling $471 million: 2,578.51 BTC (worth $249.88 million); 45,124 ETH (worth $151 million); and 479,601 SOL (worth $70 million). This whale has closed its FARTCOIN position, incurring a loss of $85,000. Simultaneously, it opened a long position in PUMP and has since closed it, incurring a loss of $138,000.
Lighter will launch LIT token staking functionality on its platform.
Lighter announced on its X platform that it will launch a LIT token staking feature on the Lighter platform. The initial staking benefits include: for every 1 LIT staked, users will immediately receive 10 USDC in Lighter LLP. There will be a two-week grace period (until January 28th) during which existing LLP holders can retain their funds. After the grace period, staked LIT will be required to remain in LLP. The platform will also adjust the premium rates for market makers and high-frequency trading firms, with overall rates increasing, but staking LIT will receive a fee discount, with the lowest fee tier remaining around the current level. Retail trading will continue to be free. Staking LIT will generate returns, with the specific annualized rate to be announced later. Initial returns will come from staking rights granted to premium users. Furthermore, staking 100 LIT will enjoy zero withdrawal and transfer fees. The staking feature will be available to mobile users in the coming days.
According to Onchain Lens monitoring, the whale "pension-usdt.eth" has reopened a long ETH position after closing out a position and making a profit of $4.7 million. Using 3x leverage, the position consists of 20,000 ETH (worth $67 million). Currently, the whale holds $1.2 million in floating profit, bringing its total profit to over $28 million.
According to The Block, the Zcash Foundation announced that the U.S. Securities and Exchange Commission (SEC) has ended its years-long investigation and informed the foundation that it does not intend to take any enforcement action or other changes. The foundation stated that it received a subpoena from the SEC in August 2023 related to an investigation titled "Regarding Certain Crypto Asset Issuances (SF-04569)". Over the past year, the SEC has dropped dozens of cases against dozens of large crypto companies, including Coinbase, and ended investigations into DeFi protocols and other industry players.
Sui network has been restored and is fully operational.
Sui issued an update at 05:24 this morning stating that the Sui network has now been restored and is fully operational, with transactions proceeding normally. If you are still experiencing issues, please refresh the application or browser window. A full recap of the incident will be shared in the coming days. Previously, at 11:24 PM last night, the Sui mainnet experienced a network outage.
According to Jinshi News, the Federal Reserve's Beige Book showed that overall economic activity in eight of the 12 Federal Reserve Districts increased at a slight to moderate pace, three reported no change, and one reported a moderate decline. This is an improvement over the previous three reporting periods, when most districts reported little change in economic activity. The Beige Book indicated a slightly optimistic outlook for future activity, with most districts expecting modest to moderate growth in the coming months. The Beige Book also showed that most banks reported slight to moderate growth in consumer spending this period, primarily due to the holiday shopping season; recent employment conditions remained largely unchanged, with eight of the 12 districts reporting no change in hiring activity; and prices rose at a moderate pace in the vast majority of districts, with only two districts reporting slight price increases. Cost pressures stemming from tariffs were a common problem across all districts. As pre-tariff inventories dwindled, businesses are passing on the additional costs to consumers, and inflationary pressures are emerging.
Bitmine has once again staked over 150,000 ETH, worth approximately $520 million.
According to OnchainLens monitoring, Bitmine has staked an additional 154,304 ETH (worth $519.76 million). To date, they have staked a total of 1,685,088 ETH, with a total value of $5.65 billion.
Coinbase will launch Midnight ($NIGHT) perpetual contract trading on January 15th.
According to a Coinbase Markets announcement, the platform will launch the $NIGHT perpetual contract (NIGHT-PERP) on or after January 15, 2026 at 9:30 AM UTC, subject to liquidity requirements being met. The contract will be available to retail users in select regions and to institutional traders through the Coinbase International Exchange.
According to Arkham data, about four hours ago, BlackRock transferred a total of 1,061.173 BTC, worth approximately $100.77 million, to a Coinbase Prime address through its Bitcoin exchange-traded fund IBIT.
Stablecoin service provider Meld raises $7 million, led by Lightspeed Faction.
According to Fortune, stablecoin service provider Meld announced the completion of a $7 million funding round, led by Lightspeed Faction, with participation from F-Prime, Yolo Investments, and Scytale Digital. This brings the company's total funding to $15 million, with specific valuation details not yet disclosed. Meld aims to be a one-stop platform for businesses and individuals worldwide to access and convert digital assets, with the goal of becoming a "cryptocurrency version of Visa," supporting the purchase and settlement of stablecoins, Bitcoin, Ethereum, or any other type of digital asset globally.
General robotics company SKILD AI raised $1.4 billion at a valuation of over $14 billion, with SoftBank leading the investment.
According to The Block, Tether-backed mobile wallet Oobit has announced native integration with the Solana ecosystem wallet Phantom, allowing users to make one-click payments using stablecoins at merchants worldwide that support Visa through Oobit's DePay system. Funds are deducted from the wallet in real time and automatically converted to fiat currency, eliminating the need for pre-transfers or intermediaries. Solana co-founder Anatoly Yakovenko participated in Oobit's $25 million Series A funding round.
Figure launches the OPEN platform, enabling direct stock lending transactions on the blockchain.
According to Bloomberg, Figure Technology has launched a new platform, "OPEN" (On-Chain Public Equity Network), which allows companies to issue real-world equity tokens on its Provenance blockchain. Shareholders can then directly borrow and lend shares without going through traditional brokers or custodians. Figure will be the first to issue its own equity tokens and support trading on its decentralized platform, aiming to restructure equity market infrastructure.
The United States will suspend all visa processing for 75 countries starting January 21.
According to Fox News, the U.S. State Department will suspend all visa processing for 75 countries to strengthen scrutiny of applicants deemed potentially "public charge." An internal State Department memo indicates that consular officials will deny visa applications under current law while the department reassesses its visa vetting and background check procedures. Affected countries include Somalia, Russia, Afghanistan, Brazil, Iran, Iraq, Egypt, Nigeria, Thailand, and Yemen. The suspension will begin on January 21 and will continue indefinitely until the State Department completes its reassessment of the visa processing procedures.
Noise, an attention marketplace platform, has raised $7.1 million in seed funding, led by Paradigm.
According to The Block, Paradigm led a $7.1 million seed funding round for New York-based startup Noise, which aims to create an "attention market" based on social media trends, allowing users to bet on whether a topic will remain popular, similar to a "trend stock market." Noise will launch on the Base mainnet, incubated by Coinbase, in the coming months. Previous pre-seed investors include Figment Capital and Anagram.
According to Axios, Project Eleven has raised $20 million in funding, valuing the company at approximately $120 million post-money. The company focuses on protecting cryptocurrencies from future quantum computing attacks. It is developing cryptographic solutions resistant to quantum computing, aiming to provide an upgrade path for existing public blockchains and crypto assets to address the risk that quantum computing could break the security of existing cryptographic algorithms.
The fourth episode of CCTV's anti-corruption documentary, "Technology Empowering Anti-Corruption," broadcast tonight, revealed that Yao Qian, former director of the Information Center of the China Securities Regulatory Commission and the first director of the Digital Currency Research Institute, was involved in serious corruption. The investigation found that he used hardware wallets to store virtual currencies, involving tens of millions of yuan, and received tens of millions of yuan from virtual currency traders through "shell accounts," which he used to purchase a 20 million yuan villa in Beijing registered under a relative's name. Yao Qian also received 12 million yuan in bribes from businessman Wang through his subordinate Jiang Guoqing (a key intermediary). Furthermore, by helping a project to raise 20,000 ETH through an ICO on an exchange, the project team returned 2,000 ETH as a thank-you fee in 2018 (with a maximum market value of 60 million yuan). Yao Qian subsequently converted 370 of these ETH into approximately 10 million yuan in 2021.
FOGO tokens will be officially launched and circulated on January 15th at 20:00.
According to Binance's announcement, the FOGO (Fogo) token will be available for trading on January 15, 2026 at 20:00 (UTC+8). Users who have claimed the Prime Sale Key can check their balance and trade FOGO in their Binance Alpha account.
Alpaca completes $150 million Series D funding round, led by Drive Capital.
According to Fortune, brokerage technology company Alpaca announced the completion of a $150 million Series D funding round, valuing the company at $1.15 billion. The round was led by Drive Capital, with participation from Citadel Securities, Kraken, and BNP Paribas Ventures, and secured a $40 million credit line. Alpaca focuses on providing businesses with trading infrastructure for stocks, ETFs, and crypto assets, generating over $100 million in annual recurring revenue, and is actively seeking to capture market share in the interactive brokers market.
