January 26th, according to CryptoQuant data, Bitcoin has reached a realized loss of $4.5 billion, the highest level in three years.The last time this happened, Bitcoin had just gone through a roughly one-year consolidation period, with the price at $28,000.

January 21st, according to Hyperinsight monitoring, as the cryptocurrency market fell this morning, the "BTC OG Whale of Insider Information" saw its unrealized losses quickly expand, with a total long position of up to $814 million, and the current unrealized loss reaching $49 million, with the positions as follows:ETH long position worth $660 million, unrealized loss of $44.88 million, entry price $3,161.85;BTC long position worth $89 million, unrealized loss of $2.64 million, entry price $91,506.7;SOL long position worth $65 million, unrealized loss of $1.49 million, entry price $130.191;Total funding fee loss of $8 million.

January 21, Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), announced the appointment of senior crypto lawyer Michael Passalacqua to join the CFTC as a Senior Advisor, bringing his extensive experience in cryptocurrency and blockchain litigation. Michael Passalacqua previously participated in drafting a letter that led to the U.S. Securities and Exchange Commission (SEC) issuing a no-action letter, allowing state-chartered trust companies to serve as cryptocurrency custodians.As the CFTC's role in cryptocurrency regulation becomes increasingly important, the appointment of a new advisor with experience in the crypto field represents the CFTC's efforts to make its regulatory approach "future-facing."

January 21st, according to EmberCN monitoring, Trend Research under EasyLink has collectively transferred 70 million USDT to Binance in the past 24 hours, purchased 24,555 ETH, and withdrew it to the chain, worth 75.54 million US dollars, lowering the average buying price through bottom fishing and increasing positions.Trend Research holds a total of 651,300 ETH, worth 1.92 billion US dollars, with an average cost of about 3180 US dollars, and an unrealized loss of about 163 million US dollars.

January 21, Grayscale has officially filed an S-1 form with the U.S. Securities and Exchange Commission to convert the Grayscale Near Trust into the Grayscale Near Trust ETF.

January 21st. Multi-chain DeFi execution engine Makina has released the latest update on yesterday's hack. The hack only affected users providing liquidity to the Curve DUSD/USDC pool, with users holding DUSD, Pendle, and Gearbox positions remaining unaffected. Makina has currently identified clues about the hacker's identity and is actively engaging with them.Prior to the attack, Makina had taken a snapshot of the Curve DUSD/USDC pool. If users are still providing liquidity in the Curve DUSD/USDC pool, please withdraw your funds to DUSD only until further notice. The team is taking additional measures, disabling the recovery mode and re-enabling the redemption function.Yesterday, Makina was attacked on the Ethereum network, resulting in a loss of 5,107,871 USDC. Its vulnerability allowed the attacker to manipulate the pool's price, inflate the liquidity provider's asset value, and carry out an arbitrage attack.

January 21st, the Cosmos ecosystem stablecoin protocol Noble announced the launch of its EVM-based Layer 1, Noble EVM is expected to go live on March 18th, the brand new Noble EVM will be tailored specifically for stablecoin applications.Noble is not the only Cosmos ecosystem project to undergo a transformation in recent months, for example, Sei plans to fully transition to only support an EVM chain in the upcoming upgrade, deprecating its CosmWasm and Cosmos native assets.

January 21st, according to HyperInsight monitoring, as the market continued to decline, "Brother Whale" Huang Licheng's 25x ETH long position was completely liquidated, and after numerous defeats, he once again opened a 600 ETH position, worth approximately $1.75 million.His account has lost $4.3 million in the past month, bringing his total losses to $22.83 million.

BlockBeats News Update: On January 21, according to Coinglass data, the total liquidation in the past 24 hours was $1.061 billion, with $0.998 billion in long liquidations and $62.97 million in short liquidations.In the last 24 hours, a total of 180,139 people were liquidated globally. The largest single liquidation occurred on Bitget - BTCUSDT_UMCBL, amounting to $13.52 million.

January 21st, according to Dune Data, the prediction market's Sunday trading volume exceeded $8.14 billion, reaching a new all-time high. The total transaction volume on prediction market platforms in January has reached approximately $10.5 billion so far, and this month is expected to break the monthly record, achieving the sixth consecutive month of trading activity growth.Based on this Sunday's trading volume, Kalshi remains the largest trading platform, with a daily trading volume of over $5.35 billion on Sunday alone, while Polymarket's trading volume is approximately $1.27 billion. The emerging prediction platform Opinion, supported by YZi Labs, had a daily trading volume of around $84 million, continuing to eat into the market share of the two major prediction markets.

January 21st, according to Onchain Lens monitoring, Trend Research under Yihua once again lent out 20 million USDT, which was then deposited into Binance to buy 6656 ETH, and then transferred to Aave.Trend Research currently holds 651,310 ETH, with a total value of 1.91 billion US dollars.

January 21st, a sudden selloff storm hit the Japanese government bond market, with the 30-year and 40-year yields surging more than 25 basis points in a single day, dubbed by traders as the "most chaotic trading day in recent years." Market panic stemmed from Prime Minister Kaneshiro Mana's announcement of "ending fiscal austerity" and proposing a tax cut and spending increase plan, seen by investors as Japan's version of the "Tras Moment." The weak 20-year bond auction intensified a vicious cycle, forcing hedge funds to liquidate positions and putting pressure on life insurance companies. The turmoil quickly spread globally, with U.S. bond yields rising to multi-month highs simultaneously.According to Bitget market data, the Nikkei 225 Index opened today down 718.60 points, a 1.36% decrease, at 52272.50 points. The South Korean KOSPI Index opened today down 74.42 points, a 1.52% decrease, at 4811.33 points.BlockBeats Note: The "Tras Moment" refers to former UK Prime Minister Liz Truss's tenure in 2022, during which she introduced a large-scale tax cut + spending increase policy without a clear funding source, leading to instant market panic, a sharp drop in the pound, surging bond yields, the financial system on the brink of collapse, and ultimately forcing her to resign after only 49 days in office, becoming synonymous with "market punishment for fiscal radical policy + leader's swift downfall."

January 21st, according to The Wall Street Journal, U.S. officials said that despite withdrawing the strike on Iran last week, Trump is still asking his aides for so-called "decisive" military options. The discussions come as the U.S. is sending an aircraft carrier and fighter jets to the Middle East, a move that could signal the beginning of a larger military buildup.According to U.S. officials, Trump has repeatedly used the term "decisive" to describe what effects he would like U.S. action to have on Iran. This wording has led Pentagon and White House aides to refine a series of options for Trump to choose from, with some aimed at toppling the current Iranian regime. Officials are also crafting less aggressive options, possibly including strikes on facilities of the Islamic Revolutionary Guard Corps. U.S. officials said that Trump has not yet ordered strikes on Iran, and his final decision is unclear. However, the ongoing discussions indicate that Trump has not ruled out the possibility of "punishing" the Iranian authorities.

January 21st, according to QuantumBit, DeepSeek-R1 has exposed its new model "MODEL1" on the occasion of its first anniversary. DeepSeek has updated the FlashMLA code on GitHub, with 28 mentions of MODEL1 across 114 files, appearing as a distinct model from V32. V32 is known to be DeepSeek-V3.2, so MODEL1 is likely a new architecture. Specific differences in the code are reflected in KV cache layout, sparsity handling, and FP8 decoding, showing several differences in memory optimization.

January 21st, Trump escalated the tariff threat against Europe and took a tough stance on the Greenland issue, further exacerbating market concerns about the resumption of a trade war between the US and Europe. According to HTX market data, the crypto market suffered another heavy blow overnight, with Bitcoin falling below $88,000, now trading at $88,430, and Ethereum dropping to $2,920, now trading at $2,943. The total market capitalization of the crypto market evaporated by 4.6% in a single day, now standing at $307.2 billion. Some altcoins led the decline, including:Binance Life with a 24-hour decrease of 19.3%, now trading at $0.172;ROSE with a 24-hour decrease of 17.5%, now trading at $0.0165;PHB with a 24-hour decrease of 13.6%, now trading at $0.0038;MORPHO with a 24-hour decrease of 11.02%, now trading at $1.145;STO with a 24-hour decrease of 10.98%, now trading at $0.0877.The three major US stock indexes plummeted last night, with the S&P 500 index falling by 2.06%, marking the largest single-day drop since October last year, the Dow falling by 1.76%, and the Nasdaq falling by 2.39%. US stock crypto concept stocks also tumbled, including:Strategy plummeting by 7.76%,Coinbase (COIN) dropping by 5.57%;Circle (CRCL) dropping by 7.45%;MARA Holdings (MARA) dropping by 8.71%;Riot Platforms (RIOT) dropping by 5.93%;BitMine Immersion (BMNR) dropping by 9.39%;SharpLink Gaming (SBET) dropping by 9.59%.

January 21: U.S. Commerce Secretary Howard Lutnick said on Tuesday that he expects the U.S. GDP growth rate to exceed 5% in the first quarter of 2026, but he also pointed out that the current U.S. interest rates are too high, dampening stronger economic growth.Lutnick said at the World Economic Forum annual meeting in Davos, Switzerland: "Our interest rates should be lower so that the economy can truly prosper. I believe that GDP will grow by over 5% this quarter, which is very significant for the $30 trillion U.S. economy. If the rates were lower, the growth rate could even reach 6%. What is currently holding us back is our own policy." It is worth noting that Lutnick's growth rate prediction is his personal view, higher than the expectation of U.S. Treasury Secretary Benson, who said in Davos that the actual U.S. GDP growth rate in 2026 may be between 4% and 5%. (FXStreet)

January 21st, according to on-chain data, the suspected GameStop-related wallet address transferred 2,396 BTC to the Coinbase Prime hot wallet 16 hours ago, accounting for approximately 50% of its total Bitcoin holdings.Records show that GameStop purchased 4,710 BTC through Coinbase Prime in May 2025 as part of the company's treasury reserve, with a total investment of approximately $500 million. The average purchase price per coin ranged from $106,000 to $109,000. Currently, the unrealized loss corresponding to this portion of Bitcoin is approximately $70 million.

January 21, according to CoinDesk, after the acquisition negotiations of the crypto company Zerohash fell through, Mastercard is now considering an investment in Zerohash.BlockBeats previously reported that on October 30, 2025, Mastercard was in talks to acquire crypto infrastructure startup Zerohash for $15 billion to $20 billion. If the deal goes through, it will be one of its largest moves in the stablecoin field.Zerohash, founded in 2017 and headquartered in Chicago, has business operations covering stablecoins and crypto trading infrastructure, providing technical services, including asset tokenization APIs, to institutional clients.In September of this year, Zerohash announced a $1 billion valuation after completing a $104 million Series D funding round, led by Interactive Brokers, with participation from Morgan Stanley, SoFi, Apollo, among others.

January 21st, Mike Selig, the newly appointed Chairman of the U.S. Commodity Futures Trading Commission (CFTC) by President Trump, stated that he will spearhead a plan to establish rules aimed at "future-proofing" the crypto industry, formalizing a regulatory framework through the official legislative process for crypto assets and other financial innovation areas to prevent easy overturning in the future.In a piece written on Tuesday on the social platform X and in The Washington Post, Selig mentioned that the CFTC will move away from "enforcement-first" approach to regulation and tailor formal rules for emerging markets such as digital assets to ensure the global competitiveness of the U.S. financial markets. He noted that the digital asset economy has evolved from a "novelty" to a market worth about $3 trillion.Although specific regulatory details have not been disclosed yet, Selig stated that more policy adjustments will be announced in the coming days and an Innovation Advisory Committee will be established to provide guidance for financial innovations including crypto assets, prediction markets, and perpetual contracts.Selig also emphasized that regulatory policies formed through the formal rulemaking process will be more stable than informal guidance and less likely to be overturned by future administrations. On the same day, the CFTC also announced the hiring of crypto lawyer Michael Passalacqua to assist in related work.Analysts believe that this statement continues the overall regulatory stance of the Trump administration favoring crypto innovation, and the CFTC may become one of the most crucial regulatory agencies for the U.S. crypto market in the future.

January 21st, the future of Lens Protocol will no longer be led by its original team. The SocialFi project announced on Tuesday that Mask Network will "host and lead" the next stage of Lens's development.Lens Protocol was launched in early 2022 by Aave founder Stani Kulechov, originally positioned as "building Twitter on Ethereum." Kulechov stated on X platform on Tuesday: "We have built Lens Protocol and its underlying on-chain infrastructure, including advanced decentralized content data storage governed by smart contracts. Our goal is to create a neutral social infrastructure for developers to build consumer-grade applications that can reach mainstream users."About a year after Lens went live on Polygon, the official revealed that it had supported over 110,000 social accounts and spawned hundreds of applications. On the same day, Mask Network also outlined its plans for Lens's future on X, stating: "The next stage is not more protocols but to build truly usable products, along with the culture we shape together and a truly thriving community."Mask Network is also known for supporting the decentralized social ecosystem Mastodon. As early as 2022, Mask Network acquired the second-largest Mastodon server as part of its strategy to expand the SocialFi ecosystem.