Odaily News According to GMGN data, the Solana Mobile ecosystem's native asset, Seeker (SKR), saw an intraday increase of over 340% at one point. Its market cap rapidly climbed and briefly surpassed $600 million, currently reported at $560 million.
According to an official announcement, Bithumb will list the Seeker (SRK) KRW trading pair.
Odaily News According to SoSoValue data, the total net inflow for XRP spot ETFs yesterday (January 21, Eastern Time) was $7.16 million.
The XRP spot ETF with the highest net inflow yesterday (January 21, Eastern Time) was the Bitwise XRP ETF XRP, with a single-day net inflow of $5.26 million, bringing its historical total net inflow to $316 million.
This was followed by the Franklin XRP ETF XRPZ, with a single-day net inflow of $1.06 million, bringing its historical total net inflow to $291 million.
As of the time of writing, the total net asset value of XRP spot ETFs is $1.39 billion, with an XRP net asset ratio of 1.16%. The historical cumulative net inflow has reached $1.23 billion.
According to data from GMGN, RIVER briefly broke through 45 USDT and is currently trading at 46.14 USDT, with a 24-hour increase of 29.81%.
Odaily News: Saga announced that a security incident was discovered on SagaEVM on January 21. The chain's operation has currently been paused at block height 6,593,800, and an investigation and response are underway.
Saga stated that this incident involved a series of contract deployments, cross-chain operations, and subsequent liquidity transfers. Out of security concerns, the team will keep SagaEVM paused until the investigation and mitigation measures are completed. The current priorities include: preventing further impact, verifying the scope of impact through archived data and execution traces, strengthening relevant components before restarting, and only disclosing confirmed facts externally.
Regarding the scope of impact, the affected entities are the SagaEVM chainlet and its Colt and Mustang components; unaffected parts include the Saga SSC mainnet, Saga protocol consensus, validator security, and other Saga chainlets. The announcement stated that approximately $7 million worth of USDC, yUSD, ETH, and tBTC were transferred to the Ethereum mainnet. The relevant attack addresses have been identified, and Saga is collaborating with exchanges and cross-chain bridges to blacklist these addresses and attempt to recover the assets.
Saga emphasized that this incident did not involve a consensus failure, validator compromise, or signature key leakage, and the overall structure of the Saga network remains secure. Subsequently, the team will release a comprehensive technical post-mortem report after confirming the root cause, fixing, and strengthening the affected components.
Odaily News Argentinian fintech company Pomelo announced the completion of a $55 million Series C funding round. This round was led by Kaszek and Insight Partners, with participation from Index Ventures, Adams Street Partners, S32, Endeavor Catalyst, Monashees, and TQ Ventures.
Pomelo stated that the funds from this round will primarily be used to expand its credit processing business scale in its two core markets, Mexico and Brazil, and to support the launch of credit card products denominated in global stablecoins. (Bloomberg)
Odaily News: Justin Sun has announced a strategic investment of $8 million in River to support its integration within the TRON ecosystem and the deployment of its chain-agnostic stablecoin infrastructure.
According to the disclosure, River will introduce cross-ecosystem assets and liquidity into TRON via satUSD. satUSD can be minted at a 1:1 ratio using USDT, USDD, or USD1, or be backed by assets from different blockchains, enabling users to directly participate in high-yield opportunities native to TRON.
satUSD is planned to be used alongside USDT and USDD in stablecoin pools on SUN, with its price oracle provided by WinkLink. Simultaneously, satUSD will also be listed on JUST for lending scenarios.
This integration will cover core assets including USDT, TRX, wBTC, BTT, JST, SUN, WIN, and NFTs, with native sTRX staking rewards serving as the initial entry point. River also plans to launch Smart Vault and Prime Vault for institutions, offering yield-generating products for stablecoins, TRX, and other core TRON ecosystem assets.
River stated that this investment will further solidify its role as core infrastructure within the TRON ecosystem, driving the scaling of liquidity, yield opportunities, and on-chain activity.
Odaily News According to data from GMGN, the Solana Mobile ecosystem's native asset, Seeker (SKR), saw an intraday increase of over 460% at one point. Its market cap rapidly climbed and briefly surpassed $440 million, currently reported at $430 million.
Odaily News Delphi Digital posted on X, stating that fundamental data indicates the current market pricing for volatility may be inaccurate. When implied volatility trades significantly below estimated fair value while Bitcoin is at historical highs, it is often followed by a significant correction. The most recent such signal was triggered last October, precisely four days before a large-scale liquidation event. The opposite is also true; historically, periods when implied volatility is extremely overvalued relative to fair value have typically been excellent buying opportunities.
Multiple leading indicators suggest that current volatility is likely mispriced by the market, and its future trend is inclined towards an upward movement.
Odaily News: Hashed Open Finance, a subsidiary of crypto venture capital firm Hashed, has released a lightweight whitepaper proposing a new Layer1 blockchain concept named Maroo, positioned to serve the Korean Won (KRW) stablecoin economy.
Maroo is designed as a "sovereign blockchain" that balances the openness of public chains with financial regulatory compliance, with a focus on enhancing financial-grade features such as auditability and privacy protection. Network transaction fees will be paid in KRW stablecoins to reduce volatility and increase user participation. Hashed Open Finance pointed out that existing public chains (such as Ethereum) face difficulties in implementing anti-money laundering and KYC mechanisms at the network level, and their highly transparent designs may expose sensitive personal and corporate information.
To address this, Maroo introduces a "dual-track" architecture: an "open path" allows for the free creation of wallets and transactions, while a "compliant path" introduces identity verification and restrictions based on transaction size or scenario. Simultaneously, its Programmable Compliance Layer (PCL) can automatically execute quota and sanction checks during transactions and supports updates in response to regulatory changes; the verifiable privacy framework enables selective information disclosure under necessary legal procedures. Additionally, Maroo reserves AI integration capabilities for authenticating AI agents and managing their permissions and spending limits.
Hashed CEO Simon Kim stated that stablecoins are becoming a crucial part of the global financial infrastructure. Maroo aims to explore a technology-open path that aligns with international standards while respecting the Korean regulatory environment, providing a foundation for banks, financial institutions, and fintech companies to experiment with next-generation financial services.
The report indicates that this initiative aligns with South Korea's direction in advancing KRW stablecoin legislation. Relevant rules are expected to be incorporated into the upcoming "Digital Asset Basic Act" and may be finalized within the first quarter of this year. (The Block)
Odaily News The public sale of Solana ecosystem leveraged prediction market platform Space has sparked controversy. The project originally planned to raise $2.5 million publicly but actually raised $20 million. The team subsequently announced it would refund $7.3 million and retain the remaining oversubscribed funds, stating that the $2.5 million was merely a "soft cap" and not a "hard cap."
The project further argued: "$2.5 million can only sustain operations for a few months. This amount only represents the minimum required for the initial launch and is insufficient to support the multi-year construction of leveraged prediction market infrastructure."
Odaily News: Cryptocurrency custody firm BitGo has set the price for its initial public offering (IPO) at $18 per share, exceeding the previously announced expected range of $15 to $17. In this offering, BitGo and some existing shareholders will collectively sell approximately 11.8 million shares. The relevant arrangements are still under discussion, and specific details may be subject to adjustments. (Bloomberg)
Odaily News Solana co-founder toly stated in a post that if this model proves effective, he believes the optimal capital formation plan for early-stage startups may include three points: first, providing a staking mechanism for long-term holders; second, releasing over 20% of tokens on the day of TGE; third, ideally not introducing investors, but if investors exist, then a one-time 100% unlock on the same day one year after TGE. He added that the remaining outcomes will depend on product-market fit (PMF).
Odaily News On January 22, according to SoSoValue data, the crypto market sectors experienced a broad rebound, with the GameFi sector leading the 24-hour gain at 6.88%. Within the sector, Axie Infinity (AXS) rose by 20.71%, The Sandbox (SAND) increased by 13.04%, and Decentraland (MANA) climbed by 11.03%. Additionally, Bitcoin (BTC) rose by 1.16%, breaking above $90,000; Ethereum (ETH) increased by 1.91%, surpassing $3,000. Meanwhile, MAG7.ssi rose by 1.76%, DEFI.ssi increased by 1.96%, and MEME.ssi climbed by 1.79%.
In other sectors, the AI sector rose by 3.72% over 24 hours, with Render (RENDER) within the sector gaining 5.36%; the RWA sector increased by 3.70%, with Pendle (PENDLE) rising 11.36%; the DeFi sector climbed by 3.14%, with River (RIVER) continuing its upward momentum, surging another 36.46%; the PayFi sector rose by 3.12%, with Telcoin (TEL) increasing 24.98%; the Meme sector gained 2.47%, with PIPPIN (PIPPIN) soaring 32.01%; the Layer2 sector increased by 2.40%, with ImmutableX (IMX) rising 6.53%; the Layer1 sector climbed by 1.81%, with Canton Network (CC) gaining 13.98%; the CeFi sector rose by 1.27%, with Aster (ASTER) increasing 4.41%.
The crypto sector indices reflecting historical sector performance showed that the ssiGameFi, ssiAI, and ssiRWA indices rose by 9.04%, 4.61%, and 3.90%, respectively.
Odaily News: Suji Yan, founder of Mask, commented on X regarding Neynar's acquisition of Farcaster, stating: "More robust competition is beneficial. I did hear some scattered rumors earlier, but I never verified them with the Neynar team. We should strengthen our cooperation. I sincerely congratulate the Neynar team. For disclosure, I am a minor shareholder in Neynar, and we are using Neynar's software and technology. They are a group of exceptional people."
Yesterday, Aave founder Stani announced that the administrative authority of the social protocol Lens will be transferred to the Mask team, with the original team serving as technical advisors.
