According to Lookonchain monitoring, within the past 3 hours, a newly created wallet 0x919c (0x919c...9B03) withdrew 6,000 ETH from Bybit, valued at $19.03 million, and subsequently deposited it into Aave.

Odaily News On January 20th, the Ethereum Layer 2 project MegaETH announced that its public mainnet will officially launch on January 22nd. The official statement indicated that on the first day of the mainnet launch, multiple DeFi applications based on USDM will be simultaneously introduced, and a global stress test will be initiated.

The announcement revealed that this stress test plans to process approximately 11 billion transactions within 7 days, with a targeted throughput expected to be in the range of 15,000–35,000 TPS during the testing period.

Odaily News on January 20th: The engineering team of platform X announced that it has officially open-sourced the latest version of the X algorithm. According to the official introduction, this algorithm adopts the same Transformer architecture as the Grok model under xAI.

Elon Musk subsequently responded, stating that the current algorithm is still "quite clumsy" and requires continuous significant improvements. However, open-sourcing means users can see the entire process of algorithm optimization in real-time and transparently. He also pointed out that other social media platforms have not taken similar actions.

Previously, on January 11th, Musk stated that X would open-source the core algorithm code used for determining organic search content and ad recommendations within 7 days, with plans to repeat this every four weeks, accompanied by detailed developer documentation. Even earlier, adjustments made by the X platform's algorithm to recommendations for "cryptocurrency"-related content sparked widespread discussion within the crypto community.

1. CertiK Alert reported that a contract related to SynapLogicon was involved in a suspicious transaction, with the attacker minting approximately 16,000 SYP using a flash loan;

2. A researcher indicated that the recent surge in Ethereum activity might be related to address poisoning attacks;

3. Trend Research borrowed 10 million USDT and deposited it into Binance, seemingly to continue accumulating ETH;

4. makinafi suffered an attack resulting in a loss of approximately 1,299 ETH, valued at around $4.13 million;

5. Philippine police rescued a kidnapped Chinese citizen; the victim was forced to transfer approximately $400,000 worth of cryptocurrency;

6. Some viewpoints suggest that the Bitcoin spot trading environment is improving, with selling pressure gradually easing;

7. A trader aggressively built short positions totaling around $200 million in BTC and ETH through rolling contracts; the BTC short position is only about $1,600 away from its liquidation price;

8. A whale, who previously profited $14.26 million, accumulated 13,700 ETH and is currently facing an unrealized loss of approximately $216,000;

9. A new account spent $40,000 betting on Rick Rieder becoming the next Federal Reserve Chair;

10. Trove announced it will shift development from Hyperliquid to Solana; TROVE opened trading down 97%;

11. A cybersecurity engineer was charged with stealing funds from a gambling website, with police from two jurisdictions seizing 183 Bitcoin.

According to an official announcement, Gate will launch Acurast (ACU) spot trading at 20:00 (UTC+8) on January 20, and will list Acurast (ACU) on its flash exchange platform at 21:00 (UTC+8). The 332nd Acurast (ACU) HODLer Airdrop event is now open and will end at 19:00 (UTC+8) on January 20, 2026. Users holding 1 GT can participate for free to claim the airdrop and share 250,000 ACU. The VIP user benefits for the HODLer Airdrop have been comprehensively upgraded, with the highest tier enjoying unlimited participation quotas.

Odaily News Trader CryptoD posted on the X platform, stating that he recently suffered losses in the Bags project. Bags has issues such as over-reliance on news and the author's unstable personality. Most projects on this platform are teams well-known in Web2 but unable to secure funding. They consume attention by packaging narratives in Web3, and the growth potential for these projects is limited. This model essentially transfers risks to the market rather than standing with the community.

CryptoD believes that AI projects on pump are different; most start from a very small scale, with the project, narrative, and product being built and growing alongside the community. Projects that can grow together with the community are the model truly needed in the cryptocurrency field.

Odaily News According to data from Alternative.me, the Crypto Fear & Greed Index has been trending lower over the past 7 days after hitting a recent high of 61 last week, spending most of the time in a declining range. The latest reading is 32, still within the "Fear" zone, showing a notable drop from yesterday's 44. Historical data shows the index was at 26 a week ago and had dropped to an "Extreme Fear" level of 20 a month ago.

Note: The Fear & Greed Index ranges from 0 to 100 and incorporates indicators: Volatility (25%) + Market Volume (25%) + Social Media Sentiment (15%) + Market Surveys (15%) + Bitcoin Dominance (10%) + Google Trends Analysis (10%).

Odaily News Spot gold has breached the $4,700 per ounce mark for the first time in history, recording an 8.8% gain in the first month of the new year, an increase of over $380. (Jin10)

Odaily According to a researcher, the recent surge in Ethereum network activity may be related to address poisoning attacks exploiting low gas fees. In the week of January 12th, new addresses reached 2.7 million, 170% higher than the usual level, with daily transaction volume exceeding 2.5 million. The Fusaka network upgrade in December reduced transaction fees by over 60%, lowering the cost for such large-scale spam attacks. Currently, 3.8 million addresses have received such dust assets in their first transaction, accounting for 67% of new addresses. So far, 116 victims have lost over $740,000 due to these attacks.

Odaily News: The Korea Customs Service announced the transfer of three Chinese nationals suspected of involvement in a cryptocurrency money laundering scheme to the prosecution.

The suspects are accused of transferring approximately 150 billion won, equivalent to about $101.7 million, through illegal foreign exchange operations between September 2021 and June 2023. The Korea Customs Service stated that the suspects used domestic and overseas cryptocurrency accounts along with South Korean bank accounts to transfer funds under the guise of paying for plastic surgery and overseas education expenses. The scheme involved purchasing cryptocurrency overseas and transferring it to South Korea, subsequently converting it into Korean won and dispersing it into local bank accounts to evade supervision. Currently, the three individuals have been transferred to the prosecution for violating South Korea's Foreign Exchange Transactions Act.

Odaily News: Coinbase will continue to advance the U.S. crypto market structure bill during this week's World Economic Forum and meet with several bank CEOs to discuss how to achieve a win-win situation. It pointed out that stablecoins should provide a level playing field for crypto companies and traditional banks, and will provide feedback on the discussion progress to the Senate and the government. Previously, Coinbase withdrew its support for the bill after the draft proposed prohibiting crypto companies from paying interest on idle stablecoin balances. Additionally, Brian Armstrong will also engage with global leaders to discuss how crypto can update the financial system and the potential of tokenization in capital markets.

According to PeckShieldAlert monitoring, makinafi has been exploited for approximately 1,299 ETH, valued at around $4.13 million. The hacking process was front-run by an MEV Builder (0xa6c2...). The stolen funds are currently held in two addresses: 0xbed2...dE25 holds $3.3 million, and 0x573d...910e holds $880,000.

Odaily News: On January 16, police in Pasay City, Philippines, rescued a Chinese citizen who had been kidnapped by his compatriots in a local apartment and arrested two suspects. Four suspects entered the victim's residence on Thursday, demanding $1 million at knifepoint. During the illegal detention, the victim was forced to transfer approximately $400,000 in cryptocurrency to the suspects and paid an additional $14,000. At the rescue scene, police discovered tape, knives, handcuffs, and syringes suspected of being used for intimidation. According to police investigation, one of the suspects was previously involved in kidnapping activities for ransom extortion. Two suspects remain at large, and the arrested individuals will face charges of kidnapping and serious illegal detention.

Odaily News According to on-chain analyst Ai Yi's monitoring, 5 minutes ago, Trend Research (0x85e0...EeC8) borrowed 10 million USDT from Aave and deposited it into Binance. Currently, Trend Research holds 626,778.65 ETH, with a total value of $1.94 billion, an average cost of approximately $3,105.5, and unrealized gains of $53.52 million.