According to data from GMGN, the Solana-based Meme token CUM has surged over 110 times intraday, with its market capitalization briefly surpassing $5 million. It is currently reported at approximately $5.5 million, experiencing significant price volatility.
Odaily reminds users that Meme tokens are subject to high price volatility; investors should be aware of the risks.
Odaily According to market data, spot silver continues its upward trend, breaking through $114 per ounce, with an intraday increase of 10.45%. (Jin10)
According to monitoring by Onchain Lens, a whale deposited 25,000 ETH into Gemini, valued at $72.38 million. This whale has now deposited a total of 75,000 ETH into Gemini, worth nearly $215 million.
Odaily News Spot silver surged by $10.00 intraday, currently trading at $113.22 per ounce, a gain of 9.69%. (Jin10)
Odaily News According to MLM monitoring, "Silver Ironhead Short" has been continuously adding small positions over the past hour. Currently, their 20x leveraged silver short position has increased to approximately 361,995 xyz:SILVER shorts, with a floating loss exceeding $6.5 million. The liquidation price is $125.3542.
Odaily News Sky Protocol announced on the X platform that it spent 1.9 million USDS last week to repurchase 29.5 million SKY. Since the launch of the program, the cumulative repurchase amount has exceeded 104 million USDS.
Odaily News Coinbase announced that its derivatives market, Coinbase Derivatives, has officially launched copper and platinum futures trading.
Odaily News According to analysts from Goldman Sachs Research, despite escalating geopolitical risks, investor risk appetite has increased from December last year to January this year. The bank's research indicates that investors are increasing borrowing to support trades, with leverage in margin accounts rising sharply since last April and currently reaching its highest level since 2021. The research also shows that retail investors are increasingly choosing assets outside the "Magnificent Seven" U.S. stocks, expanding their investment exposure to different regions. Investors are also increasingly adding short bets on the VIX fear index, with the ratio of short positions to long positions hitting a decade-high, suggesting a widespread market expectation for decreased volatility. (Jin10)
Odaily News According to Arkham monitoring, approximately two hours ago, Grayscale transferred a total of about 46.676 BTC, 282.541 ETH, and 1286 SOL to a Coinbase Prime address via its CoinDesk Crypto 5 ETF. Additionally, Grayscale transferred 3677 ETH to a Coinbase Prime hot wallet address, with a total value of approximately $15.68 million.
Odaily News: The U.S. Securities and Exchange Commission (SEC) officially announced that the joint event with the U.S. Commodity Futures Trading Commission (CFTC) has been rescheduled. It will now take place on Thursday, January 29, from 2:00 PM to 3:00 PM at the CFTC headquarters. This event will discuss coordination between the two agencies and their efforts to fulfill Trump's promise of making the United States the world's cryptocurrency capital.
Odaily News Wall Street brokerage Benchmark stated that if Congress fails to pass a market structure bill this year, the US cryptocurrency market will face structural constraints. Analyst Mark Palmer noted in a report that the absence of legislation will lead to a persistent structural risk premium, thereby limiting the valuation expansion of platforms subject to US influence. This situation will delay the maturation process of cryptocurrencies, making investors favor Bitcoin-centric investments, strong balance sheets, and cash flow-generating infrastructure over regulation-sensitive areas such as exchanges, decentralized finance (DeFi), and altcoins. Among these, DeFi and smart contract platforms are most vulnerable, while Bitcoin, miners, and energy-backed infrastructure face lower risks. The bill aims to define market structure by clarifying how digital assets are classified as commodities or securities and delineating the regulatory responsibilities of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Despite the delay, Palmer still believes the likelihood of the bill passing is greater than not, and any version of the legislation will reduce regulatory risks and unlock broader institutional participation. (CoinDesk)
Odaily News The Hong Kong Securities and Futures Commission (SFC) has officially announced the addition of "Ju[.]com" to its alert list for suspicious virtual asset trading platforms. The SFC stated that an entity claiming to operate this virtual asset trading platform is suspected of engaging in unlicensed activities.
Odaily News According to market data, New York silver futures surged 10.00% intraday, currently quoted at $111.47 per ounce. (Jin10)
Odaily News: Kraken has launched its "DeFi Earn" service in the United States, the European Union, and Canada. The service aims to make DeFi yield opportunities more accessible to users of centralized exchanges. The product will offer on-chain yield opportunities while maintaining the "simplicity and security" expected from a centralized exchange. Kraken's DeFi Earn will be powered with support from vault infrastructure provider Veda. Risk management firms Chaos Labs and Sentora will also operate the first three USDC vaults, allocating funds to on-chain protocols such as Aave, Morpho, Sky, and Tydro. These protocols will provide floating yields derived from "real market demand from borrower payments." (The Block)
Odaily News According to a post by crypto journalist Eleanor Terrett on the X platform, the U.S. Senate Agriculture Committee plans to reconsider the crypto market structure bill at 10:30 AM local time this Thursday.
Odaily News: Spot silver has broken through $111 per ounce, rising 7.54% intraday and continuing to set a new historical high. New York silver futures have broken through $111 per ounce, rising 9.54% intraday. (Jin10)
