Snap Store hacked, fake cryptocurrency wallet app causes user losses.
PANews reported on January 21, citing an analysis by security firm SlowMist, that hackers hijacked expired domains on the Snap Store and then distributed malicious applications masquerading as wallets such as Exodus, Ledger Live, and Trust Wallet, leading to the theft of user assets. Users mistakenly believed it was an official application update and entered seed phrase, resulting in the theft of their assets.
Hyperliquid's large long positions have lost $50.46 million.
According to on-chain analyst Yu Jin, a large Ethereum long position on the decentralized derivatives service Hyperliquid has now recorded a loss of $50.46 million. The account had previously been in a profitable position of $56 million, but due to the market reversal, its total value dropped by $106 million. The total position size is approximately $660 million.
Bitcoin arbitrage strategy yields plummet, CME open interest decreases.
According to Bloomberg, the annualized return of spot-futures arbitrage strategies has fallen from 17% to 4.7%, indicating that US institutions are withdrawing from the market. CME Bitcoin futures open interest has turned downward and has been surpassed by Binance. Some traders are turning to decentralized derivatives markets.
On-chain whale profited $15.35 million by short Hyperliquid.
Wallet address 0xD835 opened a short position after depositing $3 million into Hyperliquid and has recorded $15.35 million in unrealized gains. Its total assets exceed $300 million, including BTC, ETH, HYPE, and XMR, with 45,523 ETH alone.
WLFI governance voting suspected of manipulation... alleged to lack substantive power
According to DeFi², signs of manipulation have been found in the vote to postpone WLFI's $1 token sale. Bubble Maps revealed that the main voting wallets were owned by the WLFI team, and ordinary holders could not participate. WLFI has a market capitalization of $170 billion, but its governance and profit distribution rights are concentrated in the team's structure.
Solana spot ETF saw a net inflow of $3.08 million in a single day.
According to PANews, Fidelity's FSOL saw a net inflow of $2.25 million in a single day, while Franklin's SOEZ saw a net inflow of $1.09 million. The Solana spot ETF has now seen a cumulative net inflow of $867 million, bringing its total net asset value to over $1.07 billion.
Delays in the US cryptocurrency legislation process raise concerns… Mike Novogratz criticizes…
Galaxy CEO Mike Novogratz attributed the stalled legislation of the Digital Asset Market Structure Act to disputes over stablecoin revenue sharing and political interests. He stated that if the bill fails, the responsibility lies with banks and pro-bank lawmakers from both parties, adding that Bitcoin's rebound must break through the $100,000 mark.
Digital asset derivatives strategies have suffered massive losses and liquidations one after another.
Cryptocurrency investor ' Machi Big Brother(0x020c...)' recently suffered a loss of $4.3 million within a week due to the liquidation of his long ETH positions. Although he has reopened new long positions, the liquidation price was $2,865.54, resulting in a leverage ratio as high as 22.84, putting him in a very dangerous situation.
The governor of the Bank of Italy stated that "stablecoins cannot serve as a substitute for currency."
EU President Fabio Panetta stated that stablecoins are based on fiat currency and therefore cannot function as independent currencies. He warned that multiple stablecoins could pose legal and financial risks to the EU and emphasized the need for strict reserve controls.
OpenAI Announces Project Stargate, a $500 Billion AI Data Center
OpenAI plans to invest $500 billion over the next few years to build data centers for AI training and its own energy infrastructure. Large investors such as Oracle are involved, and the company is pushing for self-sufficient community energy systems, given that electricity use has become a constraint on the growth of the AI industry.
