24H Hot Cryptocurrencies and Key News｜X Revokes API Access for InfoFi App; CLARITY Review Delayed Again (January 16)
- Core Viewpoint: The current crypto market shows a scenario of widespread declines among mainstream cryptocurrencies alongside unusual movements in some assets. Concurrently, significant developments have emerged in the industry regarding regulatory policies, technological applications, and corporate dynamics, making market sentiment and structural changes noteworthy.
- Key Elements:
- Divergent Market Performance: Mainstream tokens on CEXs generally fell, with FIL experiencing the largest drop (-9.61%); however, some small-cap tokens (e.g., SOPH) and U.S. stock blockchain concept stocks (e.g., FIGR.M) recorded significant gains.
- Critical Regulatory Dynamics: The U.S. crypto market structure bill has encountered obstacles due to Coinbase withdrawing its support, and the Senate Banking Committee has postponed related meetings, highlighting the complexity and uncertainty of the legislative process.
- Breakthrough in Technological Application: The London Stock Exchange Group (LSEG) launched a blockchain-based 24/7 tokenized bank deposit settlement platform, marking a significant step towards the integration of blockchain into traditional financial infrastructure.
- Frequent Industry Events: Xunlei sued its former CEO for allegedly misappropriating funds for illegal crypto trading; the X platform revoked API permissions for the InfoFi app, impacting related ecosystem projects.
- Views from Key Figures: BitMint founder Arthur Hayes predicts that U.S. dollar liquidity expansion in 2026 will drive Bitcoin's rise; the "1011 Insider Whale" believes BTC and ETH remain in a sustained uptrend mode.
1. CEX Hot Tokens
Top 10 CEX Trading Volume and 24-hour Price Change:
- BTC: -0.63%
- ETH: -0.14%
- SOL: -1.81%
- XRP: -1.79%
- BNB: -0.44%
- DOGE: -3.38%
- AVAX: -4.7%
- FIL: -9.61%
- ENA: -4.64%
- UNI: -5.42%
24H Top Gainers (Data Source: OKX):
- SOPH: +7.68%
- ZEN: +6.25%
- ACH: +5.47%
- ZBCN: +4.92%
- KMNO: +4.76%
- BARD: +4.72%
- ZRX: +4.33%
- BREV: +4.24%
- ACT: +4.01%
- OMI: +3.61%
24-hour Top Gainers for Crypto-linked Stocks (Data Source: msx.com):
- Figure Technology Solutions - MSX (FIGR.M): 21.23%
- Fluence Energy, Inc. Class A Common Stock - MSX (FLNC.M): 14.79%
- Galaxy Digital Inc. - MSX (GLXY.M): 14.47%
- Ast Spacemobile, Inc. - MSX (ASTS.M): 13.32%
- GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF - MSX (CONI.M): 11.96%
- T-Rex 2X Inverse MSTR Daily - MSX (MSTZ.M): 9.43%
- Coherent Corp. - MSX (COHR.M): 7.91%
- Semiconductor ETF 3x Long - MSX (SOXL.M): 7.87%
- ASP Isotopes Inc. - MSX (ASPI.M): 7.05%
- Applied Materials - MSX (AMAT.M): 6.96%
2. On-chain Hot Memes (Data Source: GMGN):
- Snowball;
- Life K-Line;
- Miles of Mountains and Fields, You Are the Joy Hidden in the Breeze.
Headlines
X Revokes API Access for InfoFi Apps, KAITO Plummets Over 15%
Odaily News: X product lead Nikita Bier posted on X that the platform is revising its developer API policy and will no longer allow applications that reward users for posting on X (i.e., infofi). Such apps have led to a large amount of AI spam and reply spam on the platform. API access for related applications has now been revoked. If developer accounts are terminated as a result, Nikita Bier stated he will assist the affected businesses in transitioning to Threads and Bluesky.
Senate Banking Committee Cancels Market Structure Meeting Due to Coinbase Incident
Odaily News: Crypto journalist Eleanor Terrett posted on X that, in light of today's incident with Coinbase, the Senate Banking Committee has decided to cancel the market structure adjustment meeting originally scheduled for tomorrow. It is currently unclear if a new meeting date has been set.
Previous news: Coinbase Opposes Senate Crypto Bill, Potentially Affecting Legislative Process
Odaily News: Xunlei (Nasdaq: XNET) has filed a lawsuit against former CEO Chen Lei and his core team, accusing them of harming the company's interests and seeking damages of up to 200 million yuan. The case has been accepted and filed by relevant courts in Shenzhen.
Informed sources indicate that Chen Lei joined Xunlei as CTO in 2014, was promoted to CEO in 2017, and was dismissed by Xunlei in 2020 on suspicion of duty encroachment. Subsequently, the Shenzhen Public Security Bureau filed a case for investigation against Chen Lei and others suspected of duty encroachment. To evade investigation, Chen Lei and former Xunlei Senior Vice President Dong Xia have left the country.
It is reported that Chen Lei, through former Xunlei Senior Vice President Dong Xia, recruited a group of Dong Xia's fellow townspeople and close friends from Hegang, Heilongjiang, placing them in key company positions. Through illegal means such as fabricating transaction links and creating false contracts, they embezzled company funds, involving a huge amount. The new management has already cleaned up and adjusted Xunlei's related business and personnel. Chen Lei is also suspected of misappropriating tens of millions of company funds for illegal cryptocurrency trading, which is explicitly prohibited by the state. To evade investigation, Chen Lei left the country in early April 2020. (The Paper)
Industry News
Venezuela Incident Leaker Arrested, Related Insider Accounts on Polymarket May Be Deleted
Odaily News: Trump stated in a speech that the leaker of the Venezuela incident has been arrested and may face long-term imprisonment.
Additionally, Polymarket data shows that out of 3 insider address accounts related to Venezuela on Polymarket, 1 account can no longer be viewed. Its last operation was 11 days ago.
Read the previous article: "When War is Settled Before the News: How Prediction Markets 'Priced' Maduro's Arrest Operation 6 Days Early"
Odaily News: The London Stock Exchange Group (LSEG) announced today the launch of the Digital Settlement Hub (LSEG DiSH). This platform aims to leverage blockchain technology to achieve 24/7 instant settlement of tokenized commercial bank deposits. LSEG DiSH supports multi-currency and cross-network settlement, providing dynamic intraday liquidity management, synchronized settlement (PvP/DvP), and risk reduction functions. It is operated by LSEG's Post Trade Solutions division. The platform can complete settlement on its own ledger and also act as a notary to support settlement on connected networks. Currently, LSEG has completed a Proof of Concept (PoC) with software company Digital Asset and a consortium of financial institutions on the Canton Network, successfully achieving intraday repo transactions across currencies and asset types. Furthermore, LSEG launched a blockchain platform for private funds in September 2025.
Binance Alpha Lists Snowball, Life K-Line
Odaily News: The official interface shows that Binance Alpha has listed Snowball and Life K-Line.
Snowball's market cap is temporarily reported at $22.4 million, with a 24H increase of 97%;
Life K-Line's market cap is temporarily reported at $8.11 million, with a short-term surge of over 100%.
Project News
Odaily News: Kaito posted on X that it is ceasing operations of Yaps and the incentive leaderboard to usher in a new era with Kaito Studio. Kaito Studio will transform into a platform similar to traditional tiered marketing, where brands can selectively collaborate with creators based on established criteria. The platform will cover multiple social channels such as X, YouTube, TikTok, and its business scope will expand from cryptocurrency to fields like finance and AI. Kaito stated that this change does not affect Kaito Pro, Kaito API, Kaito Launchpad, and Kaito Markets. The KAITO token will continue to play a role in Kaito Studio.
Cookie DAO Announces Ceasing Operations of Snaps
Odaily News: Cookie DAO posted on X that significant changes are happening in InfoFi and officially announced the cessation of Snaps operations.
Previous news: X revoked API access for InfoFi applications.
BNB Chain: Will Continue to Expand Project Support and Conduct More Asset Acquisitions
Odaily News: According to an official announcement, the BNB Chain Foundation remains committed to expanding project support and will conduct more asset acquisitions in the future. BNB Chain is currently soliciting suggestions for subsequent asset acquisitions.
Sonic Labs: Has Fully Distributed Recovered 5.829 Million S Tokens to Affected Users
Odaily News: Sonic posted on X that in early November 2025, Beets suffered a vulnerability attack. The Sonic Labs team successfully recovered 5,829,196 S tokens and has now proportionally distributed the funds in full to all affected users.
Infinex: Public Sale Subscription Exceeds $7.2 Million, TGE Scheduled for January 30
Odaily News: Infinex posted on X that the public sale has concluded. This sale had 868 participants, raising 7.214 million USDC, allocating approximately $5 million (5% of INX supply), and refunding about $2.21 million. After identifying and removing approximately $1.2 million in funds from Sybil addresses, the maximum allocation per participant was $245,000, with 99.5% of participants receiving full allocation. Refunds have now been issued to users' Infinex accounts.
Furthermore, the TGE will take place on January 30.
Odaily News: Genius announced on X that in response to community feedback on platform transaction issues, some vulnerabilities have been fixed, including:
- Gas fees significantly reduced: Fixed issues with overestimation of on-chain Gas limits for EIP-1559 and excessively high maxPriorityFeePerGas settings;
- Optimized BNB cross-chain swap: Added a small Gas buffer to prevent transaction failures due to insufficient Gas, without significantly increasing Gas fees;
- Fixed cross-chain transaction fee sponsorship using EIP-7702: Updated the process to correctly execute cross-chain transactions sponsored by third parties (no longer experiencing old version execution issues).
Previous news: YZi Labs Makes "Tens of Millions of Dollars" Investment in Genius, CZ Serves as Advisor.
Odaily News: According to an official announcement, ETHGas has completed the snapshot for interaction points in the Discord community, and the token airdrop snapshot will take place on January 19.
Additionally, due to excessive demand for platform Gas ID production, users need to queue. If issues persist while waiting, repeated retries are required; refreshing will not reset or affect queue position.
Funding
Beast Industries Completes $200 Million Funding Round Led by BitMine
Odaily News: Beast Industries announced the completion of a $200 million funding round led by BitMine. The project's main business is media and consumer holdings, covering content production, consumer brand Feastables, MrBeast Burger, and commercial investments.
BitMine stated that it has agreed to invest $200 million in Beast Industries, a media and consumer holding company founded by YouTube creator MrBeast. BitMine currently holds over 4 million ETH, valued at approximately $13 billion, making it the world's largest Ethereum treasury holder. Beast Industries CEO Jeff Housenbold said the funds will be used to support growth plans and explore the integration of decentralized finance features into future financial service products. The transaction is expected to be completed around January 19.
Regulation & Policy
Odaily News: Chris Dixon posted on X that crypto developers need clear industry rules. Over the past five years, Republicans, Democrats, and the Trump administration have worked closely with members of the crypto industry to protect decentralization, support developers, and provide fair opportunities for entrepreneurs. The core of this bill is to achieve these goals. While the bill is not perfect and requires modifications before formal legislation, now is the time to push the CLARITY Act forward if the U.S. is to maintain the world's best crypto development environment.
Odaily News: Robinhood CEO Vlad Tenev tweeted that staking is one of the most requested features on the Robinhood app, but due to the current impasse, customers in four U.S. states still cannot use it. Stock tokens are available to EU customers but have not been launched in the U.S. market. The U.S. should take a leadership role in crypto policy by passing legislation that protects consumers and unleashes innovation for everyone. He supports the efforts of the U.S. Congress to pass a market structure bill. While there is still work to be done, he sees a path forward and stated he will assist BankingGOP and SenateBanking in advancing the bill.
Kraken Co-CEO: Should Solve Problems by Improving the Bill, Not Abandoning Years of Progress
Odaily News: Kraken Co-CEO Arjun Sethi posted on X that distinguishing between engagement and abandonment is crucial. Arjun Sethi and several relevant personnel remain actively engaged because they believe the right direction is to resolve outstanding issues and improve the bill, not to abandon the bipartisan progress made over many years.
Bank of America CEO: Interest-Bearing Stablecoins Could Lead to $6 Trillion in Bank Deposit Outflows
Odaily News: Bank of America CEO Brian Moynihan stated during a quarterly earnings call that interest-bearing stablecoins could lead to $6 trillion in deposit outflows from the banking system and harm the credit capacity of small and medium-sized enterprises. Brian Moyn
