According to on-chain analyst Ember, as ETH prices fell, Trend Research withdrew 30 million USDT from Binance three hours ago to repay loans on-chain, indicating they have no plans to buy more today. They currently hold a total of 651,300 ETH ($1.85 billion), with an average cost of approximately $3,180. Their current unrealized loss is approximately $215 million. Their borrowing on Aave amounted to 1.03 billion USDT, representing a leverage of approximately 2.2x.
According to Lookonchain monitoring, a "buy high, sell low" whale, 0x3c9E, panic-sold 5,500 ETH (worth $16.02 million) over the past three days at an average price of $2,912. Just five days ago, he bought 2,000 ETH (worth $5.97 million) at $2,984, repeating the "buy high, sell low" strategy.
According to Onchain Lens monitoring, as the market declined, Huang Licheng (@machibigbrother)'s ETH (25x leverage) long position was completely liquidated again. However, he opened a new ETH (25x leverage) long position, which was also partially liquidated. Machi's total losses have now exceeded $25 million.
Spot silver broke through $107 for the first time, rising more than $35 this month.
According to Jinshi News, spot silver broke through the $107/ounce mark for the first time, with the intraday increase expanding to 3.6%, and a cumulative increase of more than $35 this month.
According to on-chain analyst Ember, World Liberty Finance transferred 235 million WLFI tokens, worth $40 million, from its USD1 staking activity rewards to Binance six hours ago. Furthermore, the total supply of USD1 has now reached 4.9 billion, with 4.22 billion held on Binance. Based on this amount, the current annualized return on USD1 staking rewards is approximately 12%.
According to Onchain Lens monitoring, two whale/institutional addresses are accumulating ETH. A newly created wallet, “0xcA0,” purchased 61,000 ETH from Binance, worth $171.15 million. Whale “0xFB7” further purchased 20,000 ETH from Wintertermute, worth $56.13 million, and currently holds a total of 100,130 ETH, worth $283.79 million.
World Liberty Finance sold 93.77 WBTC in exchange for 2868.4 ETH.
According to Onchain Lens monitoring, World Liberty Finance sold 93.77 WBTC (worth $8.07 million) in the early hours of today, in exchange for 2,868.4 ETH, at a price of $2,813.
According to Nikkei, Japan's Financial Services Agency (FSA) is expected to lift the ban on cryptocurrency ETFs, including Bitcoin, by 2028. To achieve this, the agency plans to amend the Enforcement Ordinance of the Investment Trust Act to classify virtual currencies as "specific assets" investable by investment trusts. Reportedly, large financial institutions such as SBI Holdings and Nomura Holdings are already developing related products. If approved for listing on the Tokyo Stock Exchange, individual investors will be able to trade virtual currency ETFs through their securities accounts, similar to buying and selling stocks or gold ETFs. Previous surveys indicate that at least six asset management companies are researching and developing related products, targeting both individual and institutional investors. The lifting of the ban is contingent on tax reform. Currently, Japan uses a comprehensive taxation system for virtual assets, with a maximum tax rate of 55%. Discussions are underway to adjust this to a separate taxation system, with a uniform tax rate of 20%. The report analyzes that this move will expand asset allocation options for individual and institutional investors.
According to Onchain Lens monitoring, as the market declined, a "whale that shorted after the 1011 flash crash" deposited 20 million USDC into Hyperliquid to avoid liquidation. This whale faces a floating loss of $83.4 million, funding costs of $8 million, and profits have decreased from $142.5 million to $9.7 million. Position details: 223,340.65 ETH (worth $631.85 million); 1,000 BTC (worth $86.99 million); 511,612.85 SOL (worth $61 million).
Entropy, backed by a16z, will shut down and return remaining funds to investors.
According to The Block, Entropy, a decentralized custody startup backed by a16z, has announced its closure and will return remaining funds to investors. Founder and CEO Tux Pacific stated that after four years of operation, multiple business shifts, and two rounds of layoffs, the company failed to find a business model worthy of venture capital funding. Entropy completed a $25 million seed round in June 2022, led by a16z crypto, bringing its total funding to approximately $27 million. The company initially positioned itself as a decentralized alternative to centralized custodians like Fireblocks and Coinbase, later shifting its focus to developing a crypto automation platform. The founder stated that the decision to cease operations was made after initial market feedback indicated that its business model was not worthy of venture capital funding.
Spot gold breaks through the $5,000 mark for the first time in history.
According to Jinshi News, spot gold has broken through the $5,000/ounce mark for the first time in history, just over 100 days after it first broke through the $4,000 mark (October 8, 2025).
ETH fell below $2,800, down 4.37% on the day.
According to OKX market data, ETH has just fallen below $2,800 and is currently trading at $2,799.16 per coin, down 4.37% on the day.
BTC fell below $87,000, down 1.70% on the day.
According to OKX market data, BTC has just fallen below $87,000 and is currently trading at $86,948.10 per coin, down 1.70% on the day.
A newly created wallet received 25,001 ETH from Bitfinex, worth over $73 million.
According to Onchain Lens monitoring, a newly created wallet received 25,001 ETH from Bitfinex, worth $73.17 million.
According to Jinshi News, for most of the past three years, the so-called "Big Seven"—Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla—have led the stock market rally. However, this trend reversed at the end of 2025 as Wall Street began to question the hundreds of billions of dollars these companies have invested in developing artificial intelligence and when those investments would pay off. An index tracking the Big Seven hit a record low on October 29th, and since then, five of the Big Seven companies have seen their share prices decline and lag behind the S&P 500. During this period, only Alphabet and Amazon, with gains approaching 20%, have maintained their upward trend. Darrell Cronk, chief investment officer at Wells Fargo Wealth and Investment Management, stated, "Tech stocks have become a 'performance-driven' story. If big tech companies continue to deliver strong results, I think money will flow back into the tech sector." Next week, Microsoft, Apple, Tesla, and Meta will release their earnings reports, providing insights into the health of industries ranging from cloud computing and electronics to software and digital advertising.
In response to community users on the X platform, CZ stated that his new book may be published at the end of February or the beginning of March. According to CZ's previous statements, the title of the new book may be "Binance Life".
a16z Crypto published an analysis on its official account stating that market predictions of a "quantum computing threat to cryptocurrencies" are often exaggerated, and the probability of a quantum computer with real-world destructive power appearing before 2030 is extremely low. The article points out that mainstream digital signature schemes and zero-knowledge systems like zkSNARK are not easily vulnerable to "collect first, then crack" quantum attacks. Prematurely pushing blockchains to quantum-resistant solutions may introduce problems such as performance degradation, immature engineering, and potential security flaws.
According to CoinDesk, the regulation of crypto assets in the United States is accelerating. The proposed crypto market structure bill, if ultimately passed, clarifies the regulatory authority of federal regulators over digital assets, making cryptocurrencies easier to manage, track, and trade, potentially attracting more investors and increasing token value. It is understood that crypto platforms such as Coinbase and Kraken will follow a registration system, while stablecoin issuers such as Circle and Tether will need to meet bank-like regulatory requirements to ensure the safety of retail investors' assets. The subsequent process includes: approval by two Senate committees, a full Senate vote, final signature by the House of Representatives, and finally, signature by President Trump. Overall, most crypto investors will not be affected in the short term, but in the long run, the bill is expected to provide a safer and more predictable trading environment while making the compliance operations of crypto platforms more transparent.
Michael Saylor posted another Bitcoin Tracker update, writing "Unstoppable Orange." Based on past experience, Strategy may disclose its holdings data next week.
According to Token Unlocks data, tokens such as BGB, SIGN, and JUP will see large-scale unlocks next week. Specifically: Bitget Token (BGB) will unlock approximately 140 million tokens at 8:00 AM Beijing time on January 26th, representing approximately 10.53% of the released supply, worth approximately $508 million; Sign (SIGN) will unlock approximately 290 million tokens at 6:00 PM Beijing time on January 28th, representing approximately 17.68% of the released supply, worth approximately $12.2 million; Jupiter (JUP) will unlock approximately 53.47 million tokens at 10:00 PM Beijing time on January 28th, representing approximately 1.70% of the released supply, worth approximately $10.6 million; and Kamino (KMNO) will unlock approximately 229 million tokens at 8:00 PM Beijing time on January 30th, representing approximately 3.68% of the released supply, worth approximately $10.4 million. Sui (SUI) will unlock approximately 43.53 million tokens at 8:00 AM Beijing time on February 1st, representing approximately 1.15% of the released supply, worth approximately $64.4 million; EigenCloud (EIGEN) will unlock approximately 36.82 million tokens at 12:00 PM Beijing time on February 1st, representing approximately 8.88% of the released supply, worth approximately $12.3 million.
According to Caixin, as AI virtually dominated the World Economic Forum Annual Meeting 2026, cryptocurrencies, which were once wildly popular in Davos, have returned to the spotlight. Representatives from traditional banks and regulatory agencies, along with cryptocurrency leaders, engaged in a heated debate on whether tokenization is on the verge of explosive growth, how digital currencies can reshape sovereign boundaries, and the foundation of trust in the financial system: 1. Coinbase CEO Brian Armstrong pointed out that tokenization solves the efficiency problem of the financial system, enabling real-time settlement and reducing fees, but its core strength lies in "democratizing investment access." 2. Euroclear CEO Valérie Urbain views tokenization as "the evolution of financial markets and securities," potentially allowing issuers to shorten issuance cycles and reduce issuance costs, and also helping the market "reach a wider range of investors," playing a role in "financial inclusion." 3. François Villeroy de Galhau, Governor of the Bank of France, believes that increasing investment opportunities must be accompanied by an increase in financial literacy; otherwise, tokenization could turn into a disaster. 4. Bill Winters, CEO of Standard Chartered Bank, stated bluntly that while achieving the tokenization of the vast majority of transactions by 2028 might be somewhat optimistic, the trend of "the vast majority of assets eventually being settled digitally" is irreversible. 5. Brad Garlinghouse, CEO of Ripple, quoted former Federal Reserve Chairman Ben Bernanke as saying that governments will not relinquish control over the money supply. Ripple's current strategy leans more towards building a bridge between traditional finance and decentralized finance than challenging sovereignty itself.
The Pendle Finance team's linked address deposited 1.8 million Pendle tokens into the CEX.
According to Onchain Lens monitoring, about 10 minutes ago, an address associated with the Pendle Finance team allegedly deposited 1.8 million PENDLE tokens, worth approximately $3.61 million, into the cryptocurrency exchange Bybit through an intermediary address. It is understood that these tokens have been held for 3-4 years.
Garrett Jin, an agent for "1011 Insider Whale," stated on the X platform that in the context of de-dollarization, extending the debt cycle to help the US solve its debt problem seems impractical. Tokenizing US stocks to drive demand for stablecoins is the main feasible path for the US to refinance its growing debt. BlackRock's move to promote RWA illustrates this point, against the backdrop of continued US debt accumulation. Rumors of the so-called "Mar-a-Lago Agreement" have circulated in the market since 2025, but this agreement has never been formally signed or implemented. Its core idea is to alleviate the $36 trillion US federal debt burden. The reality is that US debt continues to rise, de-dollarization has not slowed down, and countries such as Sweden, Denmark, and India are reducing their holdings of US Treasury bonds. If the US wants to repay old debt with new debt, the only realistic path is to issue more stablecoins and introduce new global capital into US Treasury bonds. To achieve large-scale operation, the solution is RWA, which puts US stocks on-chain. Tokenizing $68 trillion worth of US stocks will significantly increase demand for stablecoins, indirectly absorbing debt pressure. This is why BlackRock, closely connected to the US power center, is actively promoting RWA and on-chain stock trading. Against this backdrop, ETH will become the settlement layer of the global capital market due to practical needs, and 2026 will be the "Year of RWA".
According to onchainschool.pro, a PUMP whale transferred all of its PUMP tokens, worth $11 million, to Binance approximately four hours ago, with an estimated profit of about $3.15 million, representing a gain of about 40%. It had been gradually accumulating these tokens from multiple trading platforms over the past month.
