PA Daily News | Space responds to controversy and will refund $7.3 million in excess funds; FIGHT will refund ICO participants and airdrop tokens.

PA Daily News | Space responds to controversy and will refund $7.3 million in excess funds; FIGHT will refund ICO participants and airdrop tokens.

Today's top news highlights:

David Sacks: The banking and crypto industries will eventually merge into a "digital asset industry".

Bloomberg: Wall Street firms are withdrawing from Bitcoin "buy now, sell now" arbitrage trading.

Space responded to community questions regarding fundraising amounts and refund transparency, deciding to refund $7.3 million in excess funds.

$FIGHT will provide full refunds to ICO participants and simultaneously airdrop tokens.

David Sacks: The banking and crypto industries will eventually merge into a "digital asset industry".

Vitalik proposed a "native DVT staking" initiative aimed at improving Ethereum's security and decentralization.

Agent of "1011 Insider Whale": Increased institutional participation has not ended the crypto bull market, but rather represents a structural shift from speculation to allocation.

Zhao Changpeng, speaking at Davos, stated that the fractional-reserve requirement system is the root cause of the banking liquidity crisis, and that demand from real-economy banks will sharply decline over the next decade.

Regulation & Macro

The US Senate Banking Committee prioritizes housing issues, while crypto legislation is expected to be delayed until February or March.

According to Bloomberg, influenced by the Trump administration's push for "affordable housing" policies, the Senate Banking Committee will prioritize related housing legislation, and the crypto market structure bill, originally expected to be reviewed soon, will be delayed again, possibly until late February or even March. Despite the Trump administration's public support for the crypto industry, housing costs remain a key factor in US inflation and the election. Meanwhile, the Agriculture Committee's version of the crypto bill was released on Wednesday and is scheduled for review on January 27; however, Democratic Representative Cory Booker did not endorse it, indicating that further legislative integration may face more disagreements.

David Sacks: The banking and crypto industries will eventually merge into a "digital asset industry".

According to CoinDesk, David Sacks, White House cryptocurrency and artificial intelligence advisor, stated that once new market structure legislation is passed, the US banking industry will widely adopt cryptocurrencies, especially stablecoins. He predicts that the boundaries between banking and the crypto industry will disappear, eventually merging into a single "digital asset industry." Sacks points out that many large banks are currently taking a wait-and-see approach due to regulatory uncertainty, but the legislation will provide a clear framework for institutional participation. He believes banks may view issuing stablecoins as a way to offer yields and compete with fintech companies. Although the banking industry is currently lobbying against allowing companies to offer stablecoin yields, Sacks anticipates that banks will also tend to pay yields through stablecoin businesses in the future.

Trump: New Fed Chair to be announced soon, but fears "disloyalty" if appointed.

According to reports from foreign media cited by Jinshi, US President Trump addressed the Federal Reserve in his speech at the World Economic Forum in Davos. Trump explicitly stated that his nominee for Fed Chair will be a man. This aligns with the currently reported shortlist: White House economic advisor Kevin Hassett, Fed Governor Chris Waller, former Fed official Kevin Warsh, and BlackRock executive Rick Reid. Trump stated, "I will announce a new Fed Chair in the near future. He will be a man. I think he will do a very good job and will be a highly respected person." He added, "Every Fed Chair candidate has a great interview. But the problem is that once he takes office as Fed Chair, he changes his stance, which is somewhat disloyal. The changes a person can make once they hold the position of Fed Chair are astonishing. In short, Fed Chair Powell has been too slow in his actions on interest rates. I hope the new Fed Chair will do a good job."

Previous reports indicated that Trump expressed his desire to sign the cryptocurrency bill as soon as possible; US inflation has been defeated, with core inflation at 1.5% .

The European Parliament has announced an indefinite freeze on the review of the EU-US trade agreement.

According to Jinshi News, on the 21st local time, Alain Lange, Chairman of the European Parliament's Committee on International Trade, announced that the review of the EU-US trade agreement would be suspended indefinitely. Lange stated that the European Parliament's negotiating team decided that day to suspend the Committee's review of the EU-US trade agreement. Lange claimed that the EU's sovereignty and territorial integrity are currently under threat, making it impossible to continue the work as usual.

Vietnam has begun piloting a formal licensing system for cryptocurrency trading platforms.

According to Cryptonews, Vietnam's Ministry of Finance issued a resolution this week to launch a pilot program for a formal licensing system for cryptocurrency trading platforms, aiming to bring the industry out of a long-standing legal gray area and into the regulatory framework. According to the resolution, the State Securities Commission will be responsible for issuing, adjusting, and revoking operating licenses for cryptocurrency trading platforms, and has published detailed application guidelines. The system requires applicant companies to be Vietnamese companies with a minimum paid-up capital of 10 trillion VND (approximately US$380 million) and to meet stringent standards regarding infrastructure, governance, cybersecurity, and professional staffing. Currently, about 10 securities firms and banks have indicated their intention to enter the market after obtaining a license, including SSI Securities, VIX Securities, MBBank, Techcombank, and VPBank, which have already established subsidiaries or partnered with technology companies.

Italian central bank governor: Stablecoins can only play a supplementary role in the monetary system.

According to Cointelegraph, Fabio Panetta, Governor of the Bank of Italy, stated that commercial bank money and central bank money will continue to serve as the cornerstone of the monetary system, while stablecoins can only play a supplementary role. He pointed out that the stability of stablecoins ultimately depends on their peg to fiat currency, which limits their ability to operate independently within the financial system. Panetta believes that payments have become a core strategic area of competition for banks; against the backdrop of a global economic shift towards technological power and a fragmented geopolitical environment, digital finance is putting pressure on banks. The Bank of Italy maintains a cautious stance on stablecoins. Its deputy governor previously warned that "multi-issuer stablecoins" issued in multiple jurisdictions could pose legal, operational, and financial stability risks to the EU, thus requiring them to be confined to areas with equivalent regulatory standards and subject to strict reserve requirements.

Guernsey authorities seized $11.4 million in assets linked to the OneCoin scam.

According to Decrypt, authorities in Guernsey, a British Crown Dependency, have approved the forfeiture of $11.4 million (£9 million) in assets related to the OneCoin fraud case, at the request of authorities in Bielefeld, Germany, under its Proceeds of Crime Act. The funds were held in an account at RBS International Bank in Guernsey. This forfeiture represents only approximately 0.2% of OneCoin's total losses, highlighting the significant challenges in fully recovering assets in cryptocurrency fraud cases.

South Korean prosecutors lost a large sum of seized Bitcoin, with losses potentially reaching $48 million.

According to Ohmynews, the Gwangju District Prosecutors' Office in South Korea recently discovered the loss of a large amount of Bitcoin related to a criminal case during a routine inspection of seized assets. The estimated loss is in the tens of billions of won (the report mentions internal rumors of approximately 70 billion won, or about $48 million). It is understood that the prosecution stored Bitcoin-related passwords and other information on a mobile storage device, and the loss may have occurred during the inspection when the suspect mistakenly visited a alleged "fraudulent website." The Gwangju District Prosecutors' Office's official response to the matter was "unable to confirm." An internal investigation has been launched.

Project Updates

Vitalik proposed a "native DVT staking" initiative aimed at improving Ethereum's security and decentralization.

According to The Block, Ethereum co-founder Vitalik Buterin has proposed a "native DVT staking" proposal, aiming to natively integrate Distributed Validator (DVT) technology into the Ethereum staking protocol to improve network security and promote decentralization. This proposal allows validators to register multiple independent keys, operating collectively as a single validator identity. Block proposals or validations are only considered valid when the number of participating entities reaches a set threshold, thus reducing the risk of validators going offline due to single node failures or damage. Unlike current DVT implementations that rely on complex external coordination layers, this scheme embeds the mechanism directly into the protocol layer. Validators holding at least a multiple of the minimum staking requirement can specify up to 16 keys and signature thresholds, essentially with multiple standard nodes collaborating to act as a single validator. Buterin points out that this design only adds one round of delay to block production, with no additional delay for validation, and is compatible with any signature scheme, reducing reliance on potentially weak cryptographic features in the long run. Besides technical simplification, he believes this will reduce the management complexity of fault-tolerant staking, encouraging security-conscious individuals and institutions to stake independently rather than delegate to large service providers, thereby enhancing the decentralization of the Ethereum validator set. The proposal is currently in the suggestion stage and requires extensive community review.

F/m Investments applies to the SEC for a pilot program for tokenized shares.

According to Bloomberg, F/m Investments has applied to the U.S. Securities and Exchange Commission (SEC) for an exemption to register a portion of its $6.3 billion 3-month Treasury ETF (ticker symbol TBIL) on a blockchain, serving as a testing ground for the tokenization of traditional assets. The application will not alter the ETF's holdings structure or trading methods; it will only involve on-chain registration of shares in the back-end, ensuring consistency with existing shares in terms of fees, rights, and information disclosure. If approved, this case will be a key test of the integration of blockchain technology into the U.S. asset management system.

Uniswap launches Continuous Clearing Auctions (CCA), now deployed on the Basechain.

Uniswap Labs announced that the Continuous Liquidation Auction (CCA) feature has been officially deployed to the Base chain. Any developer can now conduct fully on-chain token auctions on Uniswap v4 using CCA to discover real market prices and initiate liquidity. This feature is permissionless and freely available. Uniswap has also provided configuration guidelines to assist projects in quickly integrating the feature.

Farcaster's founding team has left, and Neynar has officially taken over the protocol and applications.

According to CoinDesk, Dan Romero, co-founder of the decentralized social protocol Farcaster, announced that Farcaster will be fully taken over by its early infrastructure builder, Neynar, including the protocol's smart contracts, codebase, mobile app, and AI token issuance platform, Clanker. Farcaster received $150 million in funding from Paradigm and a16z in 2024 but has consistently failed to achieve sustainable growth. Founder Romero and some members of the Merkel team will step down from day-to-day operations, and Neynar will launch a new developer-centric roadmap.

Category Labs plans to repurchase MON tokens through the open market in the first half of 2026.

Category Labs (formerly MonadLabs) announced on the X platform that it may repurchase up to $30 million worth of MON tokens on the open market in the first half of 2026, subject to applicable regulations. The announcement stated that any repurchase will be at its own discretion and may be initiated, suspended, or terminated at any time. This announcement does not constitute a commitment to purchase a specific number of tokens, but only indicates that Category Labs will consider opportunistic repurchases based on market conditions.

Ondo Finance expands its offerings of over 200 tokenized US stocks and ETFs to the Solana blockchain.

According to CoinDesk, Ondo Finance announced the expansion of its tokenized stock and ETF business to the Solana blockchain, bringing more than 200 tokenized US stocks and ETFs to the network for the first time. This will further expand its Ondo Global Markets platform from its original Ethereum and BNB Chain.

Architect, founded by the former president of FTX US, plans to introduce cryptocurrency-style perpetual futures into the AI computing power market.

According to The Block, Architect Financial Technologies, founded by former FTX US president Brett Harrison, plans to introduce perpetual futures contracts, popular in the cryptocurrency market, to the AI computing power market. Its AX exchange is about to launch perpetual futures contracts pegged to GPU rental prices and memory prices, currently awaiting regulatory approval. These contracts aim to provide AI companies, data center operators, and hardware vendors with tools to hedge against price volatility and depreciation risks associated with computing power infrastructure. The contracts will be developed in partnership with computing power index provider Ornn Data, whose index is based on real-time GPU trading data. Positions can be held using USD or USD stablecoins as margin.

Space responded to community questions regarding fundraising amounts and refund transparency, deciding to refund $7.3 million in excess funds.

Space, a leveraged prediction market, has released an official statement regarding token allocation, fundraising size, and refunds following its recent public sale. The statement disclosed that the public sale attracted over $20 million, with 19.6% of the tokens ultimately allocated from the community pool (51% of the token economy), corresponding to a FDV of approximately $69 million. To ensure fairness, the project decided to refund over $7.3 million in excess funds, explaining that some refund addresses were changed due to security concerns. The funds raised will primarily be used for leveraged pools, liquidity building, security audits, team expansion, and CEX listings. Regarding the controversy surrounding the fundraising amount, Space clarified that the previously mentioned $2.5 million was a soft cap, not a hard cap. Expanding the fundraising scale aims to support liquidity in the leveraged market and years of R&D, ensuring the project's long-term competitiveness. It is understood that Space faced community scrutiny due to the fundraising size and the team's background. Several community members pointed out that the team's predecessor appears to be the game project UFO Gaming, whose token price has plummeted by approximately 99% from its historical high. The community accuses Space of shifting to prediction markets after its previous projects failed to gain traction, yet it has not released any public or private beta versions to date. Instead, it prioritizes preparing the Hyperliquid perpetual contract code, raising suspicions of cashing out. Furthermore, the community is dissatisfied with the project's failure to announce the increase in the public offering amount after oversubscription, pointing out that many large refunds were processed through new addresses with no prior transaction history.

SagaEVM suffered a security incident, with approximately $7 million in assets stolen from its blockchain and transferred to Ethereum.

According to an official Saga report, the SagaEVM chain suffered an attack on January 21, 2026, involving a series of contract deployments, cross-chain operations, and liquidity withdrawals. The hackers transferred approximately $7 million worth of USDC, yUSD, ETH, and tBTC, which has now been converted to ETH and transferred to address 0x2044…6ecb. Following the incident, SagaEVM has been suspended at block height 6593800. The official team is working with exchanges and cross-chain bridges to block this address, and a full technical recap report will be released later. The Saga SSC mainnet and other chains were unaffected.

$FIGHT will provide full refunds to ICO participants and simultaneously airdrop tokens.

Holoworld AI announced that $FIGHT, the flagship project of the Hololalaunch.ai platform, will provide 100% refunds to all ICO participants and airdrop tokens to relevant users, demonstrating its commitment to prioritizing community interests. The airdrop will be distributed to ICO participants on the BNB Chain and Solana Chain, x402 Fight Pass holders, Holler event participants, and $HOLO stakers. The total supply is 10 billion tokens, with 85 million tokens airdropped, representing 0.85%. Tokens will be unlocked gradually according to a schedule, requiring no manual intervention from users. The project team emphasized its ample capital and long-term development goals.

Later reports indicate that Fight.ID will open applications for the $FIGHT airdrop at 20:00 today, which will last for 30 days .

Hyperliquid launches SKR perpetual contracts, supporting up to 3x leverage trading.

Decentralized derivatives trading platform Hyperliquid has announced the launch of SKR perpetual contracts, allowing users to go long or short on SKR with leverage up to 3x.

Binance will fully list Ripple USD (RLUSD), supporting Earn, fiat currency purchases, cryptocurrency-to-cryptocurrency swaps, margin trading, and VIP lending.

According to a Binance announcement, the platform will fully launch Ripple USD (RLUSD) starting January 22, 2026. RLUSD will support Binance Simple Earn flexible deposit products, fiat currency purchases (including Visa/MasterCard, Apple Pay, etc.), zero-fee converts, leveraged futures contracts (cross and isolated positions), and VIP lending services. The RLUSD/USDT trading pair will launch leveraged trading at 18:00 (Beijing time) on January 23. Users are reminded to be aware of the volatility risks of new cryptocurrencies and to manage their risk accordingly.

Binance will delist 20 spot trading pairs, including AI/BTC and ALLO/BNB, on January 23.

According to a Binance announcement, in order to maintain the quality of the trading market, the platform will delist 20 spot trading pairs—AI/BTC, ALLO/BNB, APE/BTC, AUCTION/BTC, BOME/FDUSD, DYDX/FDUSD, ENA/BNB, FIL/ETH, ID/BTC, KITE/BNB, LDO/BTC, LRC/ETH, NMR/BTC, PENGU/FDUSD, PNUT/BTC, PYR/BTC, STRK/FDUSD, XVG/ETH, YFI/BTC, and ZIL/ETH—on January 23, 2026 at 11:00 (Beijing time).

Binance Alpha will list SPACECOIN (SPACE).

Binance will launch ELSAUSDT perpetual contracts at 15:25.

Binance Wallet: Sentient (SENT) tokens will be available for circulation on January 22nd at 18:00.

Binance Futures will launch ACUUSDT and I'm coming USDT USDT U-margin perpetual contracts.

Upbit will launch trading pairs for HeyElsa (ELSA) in Korean Won, BTC, and USDT.

Coinbase will launch spot trading for Seeker (SKR).

Binance Futures will launch SKRUSDT U-margined perpetual contracts.

Apple plans to introduce a Siri chatbot in iOS 27, possibly using a free + subscription model.

According to MacRumors, Apple plans to launch a new Siri chatbot at WWDC 2026 when it releases iOS 27 and other system updates. Its functionality will rival ChatGPT, Gemini, and Claude, supporting content generation, image creation, document analysis, and device control. While it's not yet confirmed whether it will be charged, given the high cost of AI computing, Apple may adopt a tiered pricing model similar to iCloud, offering a free basic version and a paid subscription for advanced features, similar to the current mainstream AI monthly fee of around $20. The Siri chatbot will be deeply integrated into the iOS ecosystem, potentially challenging the existing AI market landscape.

Analysis & Opinions

Zhao Changpeng: Globally unified encryption regulation is difficult; a regulatory pass system may be a feasible solution.

PANews reported on January 22 that Changpeng Zhao, speaking at the 2026 Davos Forum, stated that there are significant differences in global cryptocurrency regulation, with most countries yet to establish a complete licensing system. He pointed out that the UAE, Bahrain, and Kazakhstan are advancing forward-looking regulations, and the US is also pushing for market structure legislation. However, due to differences in capital controls and taxation among countries, a unified global regulatory body is difficult to achieve, and a regulatory passport system may be a more feasible solution. Zhao stated that he is collaborating with multiple countries to explore regulatory mechanisms that balance innovation and consistency. Zhao also stated at the forum that blockchain has proven its significant value to finance and the global economy over the past 15 to 16 years. Binance currently has 300 million users globally, and its trading volume has surpassed that of the Shanghai and New York Stock Exchanges. He is optimistic about three future trends: first, asset tokenization, with discussions underway with approximately 12 governments worldwide to promote related deployments; second, payment scenarios, driving growth by integrating cryptocurrencies with traditional payments; and third, the rise of AI agents, with cryptocurrencies becoming a native payment method for AI to automatically perform tasks.

According to previous reports, Zhao Changpeng stated at Davos that the fractional reserve requirement system is the root cause of the banking liquidity crisis, and that demand from real economy banks will sharply decline over the next decade.

Goldman Sachs raises its year-end gold price target to $5,400 as central bank demand continues to strengthen.

Goldman Sachs has raised its year-end gold price forecast to $5,400 per ounce, citing continued strong demand from private investors and central banks. Analysts, including Daan Struyven, wrote in a report that they increased their December 2026 price target from $4,900 per ounce, expecting central banks to purchase 60 tons of gold per month this year, while ETF gold holdings will continue to expand as the Federal Reserve cuts interest rates. They stated that central banks "have begun competing with private sector investors for limited physical gold supplies through traditional ETF investments." The report states that it assumes diversified private sector investors will continue to hold gold, and their purchases will offset global policy risks, thus driving the upward revision of the price forecast. These investors are not expected to sell their gold holdings in 2026, effectively raising the starting point for the price forecast. Julia Du, senior commodities strategist at ICBC Standard Bank, believes gold prices will rise to $7,150 per ounce.

Agent of "1011 Insider Whale": Ethereum's short-term decline cannot be attributed to the Greenland incident.

Garrett Jin, an agent for "1011 Insider Whale," posted on the X platform that Tuesday's US stock market decline was not strongly related to the Greenland crisis. Although US stock indices fell on Tuesday, the decline was led by sectors related to artificial intelligence. In principle, this was merely a sector rotation driven by fundamentals within the technology industry, a micro-level logic, and not a significant panic sell-off driven by macroeconomic factors. The global bond market sell-off was the more significant driver of asset price volatility that day. The decline in European and American bonds was related to the Greenland crisis, while the decline in Japanese government bonds was triggered by the Prime Minister's proposal to abolish the food consumption tax. Today, Japanese financial institutions announced market stabilization operations, and the Finance Minister met with the US to reassure the market, leading to a rebound in Japanese bonds. The main reason for the volatility in European and American bonds was a report by Deutsche Bank analysts bearish on the dollar and US Treasuries, which triggered market concerns about the reallocation of dollar assets. The US Treasury Secretary subsequently responded that the Deutsche Bank CEO had called to express disagreement with the report's views, a move aimed at preventing a potential dollar credibility crisis caused by a sharp sell-off in US Treasuries. Following Trump's statement that he would not use force against Greenland, the stock market rebounded. In summary, attributing the short-term decline of ETH to the Greenland incident is not a solid argument: the main reason for the decline in US stocks was rotation within the technology sector; Trump has begun to reassure the stock market; and the US and Japanese finance ministers have also taken action to stabilize the government bond market.

In a previous report, Garrett Jin stated that the increased institutional participation did not end the crypto bull market, but rather represented a structural shift from speculation to allocation.

Bloomberg: Wall Street firms are withdrawing from Bitcoin "buy now, sell now" arbitrage trading.

According to Bloomberg, a key arbitrage trade in the cryptocurrency derivatives market is crumbling. The "cash-and-carry trade" strategy, where Wall Street institutions previously bought spot Bitcoin and sold futures to capture the price difference, has seen its annualized return plummet from approximately 17% a year ago to around 4.7% currently due to a massive influx of funds causing the spread to narrow sharply, barely covering funding costs. As arbitrage profits shrink, the value of open interest in Bitcoin futures contracts on the Chicago Mercantile Exchange has fallen significantly from its peak and has been overtaken by Binance. This primarily reflects a strategic retreat by large US accounts such as hedge funds. Market maturity has given institutions more tools to express directional views, leading to narrowing spreads between exchanges and naturally squeezing arbitrage opportunities. Market analysts point out that the era of near-risk-free, high-return trades may be over, and traders are turning to more complex strategies in decentralized markets. CME Group stated that institutional investors are diversifying from Bitcoin to other tokens such as Ethereum.

Analysis: Bitcoin prices may be entering a "long-term consolidation" phase.

According to Cointelegraph, analysts such as Glassnode point out that Bitcoin's current price structure is fragile and may face a prolonged period of consolidation. Bitcoin's price is currently confined within a wide range between the short-term holder cost base of $98,400 and the real market average of $81,100. If it fails to effectively recover key support levels, the market may repeat the prolonged consolidation pattern seen in the first quarter of 2022. On-chain data shows a dense supply zone above $100,000, constituting a persistent source of selling pressure and potentially limiting price breakthroughs at the $98,400 and $100,000 levels. The risk indicator has risen to 21, approaching high-risk territory, indicating that the current high-risk macroeconomic environment may persist. Meanwhile, the spot Bitcoin ETF has seen net outflows for three consecutive days, with Wednesday's single-day outflow reaching $708.7 million, the largest single-day outflow in two months and the fifth largest since its launch in January 2024. Analysts point out that this reflects large-scale risk reduction by institutions. If the $84,000 support level is breached, the price may decline further.

Investment and Financing

BitGo's US IPO was priced at $18 per share, higher than the offering range, valuing the company at over $2 billion.

According to Bloomberg, crypto custody company BitGo priced its IPO at $18 per share, higher than the previously announced range of $15 to $17. The company and existing shareholders sold 11.8 million shares, raising approximately $213 million and valuing the company at over $2 billion based on its current share capital. The IPO was underwritten by Goldman Sachs and Citigroup. BitGo will list on the NYSE this Thursday under the ticker symbol "BTGO," becoming the first crypto company to complete an IPO in 2026.

Argentine payments startup Pomelo has raised $55 million in Series C funding and will launch a stablecoin credit card.

According to Bloomberg, Argentina-based fintech company Pomelo has raised $55 million in Series C funding, led by Kaszek and Insight Partners. The funding aims to deepen its presence in the Latin American market and expand its global operations. The funds will be used to expand its credit card payment processing business in Mexico and Brazil, and to launch a global credit card settled in the stablecoin USDC. Pomelo also plans to develop a real-time and intelligent agent payment system that can operate across borders, serving traditional banks and large international clients. Current partners include Visa, Mastercard, Binance, and Western Union.

River receives $8 million strategic investment from TRON DAO to advance the integration of blockchain-abstract stablecoins.

According to official news, River has announced an $8 million strategic investment from the TRON Foundation (TRON DAO). The funds will be used to deploy chain-abstract stablecoin infrastructure, support cross-ecosystem assets, expand yield products, and deeply integrate with TRON's DeFi ecosystem. River connects multi-chain assets with TRON yield scenarios through satUSD, allowing users to mint satUSD at a 1:1 ratio with USDT and USDD to participate in TRON's native DeFi. satUSD will be integrated into the SUN stablecoin pool, WinkLink oracle, and JustLend lending market, and will launch yield products such as Smart Vault and Prime Vault, contributing to the development of cross-chain financial networks.

Tokenization startup Cork raises $5.5 million in seed funding, led by a16z and CSX.

According to The Block, startup Cork announced the completion of a $5.5 million seed funding round, co-led by Andreessen Horowitz (a16z), CSX, and Road Capital, with participation from 432 Ventures, BitGo Ventures, Cooley, DEPO Ventures, Funfair Ventures, G20 Group, Gate Labs, Hyperithm Gate, IDEO Ventures, PEER VC, Stake Capital, and WAGMI Ventures. Cork aims to build a "programmable risk layer," making the risks inherent in real-world assets transparent and tradable through tokenization. Its infrastructure allows asset managers, issuers, and others to create customized swap markets to improve on-chain asset redemption liquidity, risk transparency, and market confidence. The tool can also be used to assess the risks of crypto-native products such as stablecoins and staking tokens. The team plans to launch its first production-grade risk markets in the coming months and expand its partnerships with vaults and asset issuers.

AI startup Humans& raises $480 million in seed funding, valuing the company at $4.48 billion.

According to a TechCrunch report citing The New York Times, Humans&, a human-centric AI company co-founded by Anthropic, xAI, and former Google members, has raised $480 million in seed funding, valuing the company at $4.48 billion. Investors include Nvidia, Jeff Bezos, SV Angel, GV, and Emerson Collective. The company focuses on developing AI tools to enhance human collaboration. Its team members come from OpenAI, Meta, AI2, MIT, and other institutions, focusing on multi-agent reinforcement learning, AI memory, and user understanding, aiming to reshape the way AI models are trained and interact.

OpenAI seeks support from Middle Eastern investors, aiming to raise over $50 billion with a valuation of up to $830 billion.

According to Bloomberg, OpenAI CEO Sam Altman recently met with top investors in the Middle East, including the Abu Dhabi state-owned fund, seeking a new round of funding of at least $50 billion, with a valuation target of $750 billion to $830 billion. This funding will support the high costs of chips, data centers, and talent required for the development of its AI systems. OpenAI has previously partnered with Abu Dhabi investment firms MGX and G42 and plans to invest over $1.4 trillion in AI infrastructure over the next few years. This funding round is still in its early stages and the amount is subject to change.

mechanism

Bitmine purchased another 34,954 ETH within two hours, worth over $100 million.

According to Lookonchain, Tom Lee's crypto investment firm Bitmine appears to have purchased 34,954 ETH from Kraken and BitGo in the past two hours, with a total transaction value of approximately $105.5 million.

Mirana Ventures' associated wallet deposited 13.65 million MNT into Bybit, worth $12.2 million.

According to Onchain Lens, a wallet associated with Mirana Ventures deposited 13.65 million MNT (worth $12.2 million) into Bybit after holding the wallet for three years.

Important data

Bitcoin spot ETFs saw a total net outflow of $709 million yesterday, marking the third consecutive day of net outflows.

According to SoSoValue data, Bitcoin spot ETFs saw a total net outflow of $709 million yesterday (January 21st, Eastern Time). The Bitcoin spot ETF with the largest single-day net inflow was VanEck ETF HODL, with a net inflow of $6.3523 million. HODL's historical total net inflow has reached $1.092 billion. The Bitcoin spot ETF with the largest single-day net outflow was BlackRock ETF IBIT, with a net outflow of $357 million. IBIT's historical total net inflow has reached $63.027 billion. As of press time, the total net asset value of Bitcoin spot ETFs is $116.477 billion, with an ETF net asset value ratio (market capitalization as a percentage of Bitcoin's total market capitalization) of 6.46%. The historical cumulative net inflow has reached $56.63 billion.

BlackRock deposited 635.16 BTC and 30,827.68 ETH into Coinbase Prime.

Whale 0xfb7 purchased another 10,000 ETH and transferred them to FalconX, or may continue to increase its holdings.

Huang Licheng has already lost $4.16 million this week, bringing his total losses to -$24.5 million.

A whale deposited 2,000 BTC into Binance; if it were to sell them, it would incur a loss of $40.8 million.

A certain "rollover trader" has turned 3 million USDC into $22.5 million, with a total position value of $332 million.

A whale withdrew 8,000 ETH from Binance and deposited it into Aave V3, worth $23.72 million.

An ETH OG whale deposited 14,183 ETH, worth $41.93 million, into Coinbase.

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Author: PA日报

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