Odaily News According to on-chain analyst Ai Yi's monitoring, a whale (0x455...433E), who swapped its 4-year-held ETH for WBTC at the beginning of the year, has recently swapped the WETH back. The address swapped 14,145.93 WETH for 492.16 WBTC at a ratio of 0.03479 on January 3rd, valued at $44.195 million; on January 26th, it swapped 578.66 WBTC back for 17,706.74 WETH at a ratio of 0.03268, valued at $50.33 million. This operation increased its held ETH quantity by 6.45%. Currently, the address holds 17,707 WETH and 195.49 WBTC on-chain, with a total value of $67.38 million.

According to monitoring by The Poly Nerd, an insider invested $98,285 in the INFINEX sale three weeks ago, ultimately receiving $144,174, resulting in a net profit exceeding $45,000. Regarding the performance of the January 30th launch, this address has cumulatively invested $14,000 in bearish bets, predicting that INFINEX's fully diluted valuation (FDV) one day after launch will not exceed $200 million or $300 million.

Odaily News Pump.fun co-founder alon posted on X, stating that the early success of PENGUIN proves that on-chain trading never died; it was merely a sleeping giant waiting for the right moment. Currently, the psychological barriers have only just begun to break down, and the future is full of opportunities.

Odaily News: Crypto data analyst dash posted on platform X, indicating that Kalshi has experienced significant growth over the past 6 months. Its open interest has quadrupled, reaching $410 million, and continues to hit new highs. Among this, the share of sports-related open interest has increased from 25% to 50%, political-related remains at 25%, with other categories accounting for the remaining 25%.

Odaily News KalshiData posted on X platform stating that as of January 23, Kalshi's monthly nominal trading volume is approximately $6.7 billion, with a daily average trading volume of about $293 million. If the current pace is maintained, Kalshi's nominal trading volume for January is expected to reach around $9.1 billion.

Odaily News Coinbase CEO Brian Armstrong posted on the X platform, stating that there is a current need to make it easier for private companies to access capital. The high demand from large private companies reflects the negative consequences of increased regulation. Currently, companies tend to remain private for extended periods, leading to profits flowing to private or credit investors. Post-IPO stock performance is often poor, and there is a lack of liquid markets to establish reasonable valuations during the early stages of their lifecycle. Ultimately, companies will be able to conduct initial public offerings entirely on-chain, which will significantly reduce costs, decrease friction, and improve accessibility.

Odaily News Spot silver continues its upward trend, breaking through $109 per ounce during the session, with an intraday gain exceeding $5 and the increase approaching 6%. (Jin10)

Odaily News On January 26th, Chris Burniske, former head of crypto at Ark Invest and current partner at Placeholder VC, stated that he has not yet begun a new round of buying, but if the market experiences a significant correction, he will consider continuing to accumulate BTC and some selected crypto assets.

Burniske pointed out that from a buyer's perspective, key price levels for BTC worth watching include: around $80,000 (the low point in November 2025 and the cyclical low of this phase); around $74,000 (the low point in April 2025, formed during the "tariff panic" period, slightly below MSTR's cost basis of around $76,000); around $70,000 (the upper bound of the $50,000-$70,000 range, close to the 2021 bull market high); around $58,000 (near the 200-week moving average, also close to the on-chain realized value of approximately $56,000); and $50,000 or below (the lower bound of the weekly range, holding strong psychological significance, a break below which could reignite "Bitcoin is dead" discussions).

He emphasized that he is not concerned with the short-term direction of market fluctuations: if the price continues to rebound from current levels, he will maintain existing positions and gradually diversify allocations; if the market experiences a significant decline, he is inclined to continue accumulating BTC and some favored crypto assets.

Odaily News USD/JPY has fallen to 154, hitting a new low since November 14 last year, with an intraday decline of 1.11%. (Jin10)

Odaily News According to PeckShieldAlert monitoring, Matcha Meta reported a security breach at SwapNet, putting users who opted out of the "one-time authorization" at risk. As of now, approximately $16.8 million worth of cryptocurrency has been stolen. On the Base chain, the attacker exchanged about 10.5 million USDC for approximately 3,655 ETH and has begun bridging the funds to Ethereum. Relevant parties advise users to immediately revoke authorizations for all personal aggregators except the 0x one-time authorization contract.

According to on-chain analyst Yu Jin, a whale address (0xb5Ab...68D6) that had been dormant for 9 years transferred 50,000 ETH, worth $145 million, to the Gemini exchange within the past 12 hours.

The address withdrew 135,000 ETH from Bitfinex 9 years ago, valued at $12.17 million at the time, with an average price of around $90 per ETH. The current price represents a 32-fold increase compared to then. After today's transfer of 50,000 ETH, the address still holds 85,000 ETH, valued at $244 million.

Odaily News On January 26th, according to SoSoValue data, the cryptocurrency market sectors experienced a widespread decline, with the GameFi sector leading the drop by 4.90% over the past 24 hours. Within the sector, The Sandbox (SAND) fell by 8.85%, Axie Infinity (AXS) dropped by 18.23%, while Beam (BEAM) bucked the trend and rose by 19.02%. Simultaneously, Bitcoin (BTC) declined by 1.84%, falling below $88,000; Ethereum (ETH) decreased by 2.34%, dropping below $2,900.

In other sectors, the CeFi sector fell by 1.55% over the past 24 hours, with Aster (ASTER) down by 6.86%; the PayFi sector dropped by 2.03%, with Monero (XMR) declining by 10.25%; the Meme sector decreased by 2.10%, with PIPPIN (PIPPIN) falling by 18.01%; the Layer1 sector declined by 2.25%, though TRON (TRX) remained relatively resilient, rising by 0.34%; the DeFi sector dropped by 3.10%, while River (RIVER) surged again during the session by 30.71%; the Layer2 sector fell by 4.63%, but Movement (MOVE) increased by 2.38%.

The cryptocurrency sector indices reflecting historical sector performance show that the ssiGameFi, ssiLayer2, and ssiAI indices fell by 6.05%, 4.93%, and 4.39%, respectively.

Odaily News: Moonbirds officially posted on X, stating: "We've seen some rumors circulating, so we wanted to clarify that no snapshot has been taken for Moonbirds, Mythics, or Oddities NFTs at this time."

Odaily News Vitalik Buterin recently published an article stating that he no longer fully agrees with his 2017 viewpoint on blockchains "only recording transaction order, not committing to state," and explained the reasons for his change in perspective.

Vitalik pointed out that his early opposition to this concept was fundamentally because if the chain does not commit to state, ordinary users would either have to fully verify all transactions starting from the genesis block or be forced to trust a single third-party service provider, neither of which is ideal. In contrast, designs like Ethereum, which commit to a state root in the block header, allow for the verification of any state via Merkle proofs under the "honest majority" consensus assumption, making it more feasible.

He emphasized that what truly changes the trade-off is the development of zero-knowledge technologies like ZK-SNARKs, which make it possible to verify on-chain correctness without re-executing all transactions, thereby "achieving both security and scalability." Furthermore, Vitalik reflected on the uncertainties in the real world: network outages, service provider shutdowns, consensus centralization, censorship risks, and other situations can occur at any time. Therefore, a blockchain system must always retain a fallback option that is "self-verifiable without relying on others."

In his view, the "cabin in the mountains" is not a model for everyone to live in daily, but rather a safety net for extreme situations and an important bargaining chip for constraining intermediaries and service providers. Maintaining such a minimally viable, self-sufficient path is an indispensable part of Ethereum's long-term evolution.

1. CZ: Memoir expected to be published in late February or early March;

2. International gold price breaks through $5,000 per ounce, setting a new all-time high;

3. Japan may lift ban on spot crypto ETFs by 2028, with SBI and Nomura advancing product preparations;

4. a16z-backed decentralized custody startup Entropy announces shutdown and will return funds to investors;

5. OCC responds to US senators' concerns: WLFI bank charter application will undergo strict review under current regulatory standards;

6. Polymarket settles bet on "Will gold or ETH hit $5,000 first?", with total wagers nearing $1.62 million;

7. Agent for "1011 Insider Whale" deposits additional $20 million USDC to Hyperliquid to avoid liquidation, with overall unrealized loss expanding to approximately $83.4 million;

8. US enters a period of clearer crypto asset regulation; passage of market structure bill could enhance industry predictability and benefit retail investors;

9. a16z Crypto: Security focus for public chains like BTC and ETH should be on protocol and governance, not blindly switching to quantum-resistant schemes;

10. Analysis: If crypto market structure bill restricts stablecoin yields, it could lead to capital outflow from the US.

Odaily News According to on-chain analyst Yu Jin's monitoring, 3 hours ago, Trend Research withdrew 30 million USDT from Binance back to the chain for loan repayment. Trend Research currently holds a total of 651,300 ETH, valued at $1.85 billion, with an average cost price of approximately $3,180, resulting in an unrealized loss of about $215 million. The institution has borrowed 1.03 billion USDT on Aave, with a leverage ratio of approximately 2.2x.