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Spot silver breaks through $100; spot gold hits a new high of $4,989.
Gold and silver prices surged in the past 24 hours, with spot silver breaking through the $100/ounce mark and spot gold hitting a new all-time high of $4,989/ounce.
The US SEC has dropped its lawsuit against Gemini and its Earn products.
On January 23, the U.S. Securities and Exchange Commission (SEC) filed documents with the court agreeing to drop its lawsuit against cryptocurrency exchange Gemini and its defunct Earn product. The SEC stated that since Gemini had already returned 100% of Earn investors' assets through the Genesis bankruptcy proceedings, continuing the litigation was unnecessary.
This withdrawal of the lawsuit is one of more than ten crypto-related lawsuits that the SEC has dropped in the past year. The lawsuit, which began in 2023, accused Gemini and Genesis of selling unregistered securities through Earn products. With investors' assets fully recovered through bankruptcy proceedings, the SEC deemed the withdrawal of the lawsuit appropriate. Genesis had previously reached a settlement with the SEC, paying a $21 million penalty.
CryptoQuant : Bitcoin holders see net losses for the first time since October 2023.
CryptoQuant, an on-chain data analytics firm, says that Bitcoin holders have recently begun to realize net losses for the first time since October 2023, marking a significant shift in the on-chain profit structure.
In its latest report, CryptoQuant points out that the market has shifted from a "profit-taking" phase to a "loss-realization" phase over the past 30 days. Data shows that since the beginning of 2024, Bitcoin's realized profit momentum has been continuously weakening, with profit peaks occurring in January 2024, December 2024, July 2025, and October 2025, reflecting a gradual decline in upward price momentum.
The report states that since December 23, 2025, Bitcoin holders have accumulated losses equivalent to up to 69,000 BTC. CryptoQuant believes this trend is highly similar to the on-chain pattern during the bull-to-bear market transition of 2021–2022, potentially indicating that the current bull market is nearing its end.
Julio Moreno, head of research at CryptoQuant, said that the realized profit and loss calculation is based on on-chain transaction data and market prices. The price at the time of each Bitcoin transfer is compared with the price of the previous transfer to calculate the corresponding profit and loss.
[The Information: Binance is exploring relisting its equity token]
According to The Information, Binance is exploring relaunching its stock tokens on its platform, after discontinuing the product in 2021. Stock tokens are digital tokens representing shares of publicly traded companies. Investors don't need to buy entire shares of Apple or Microsoft stock; instead, they can purchase portions of the stock. These tokens are held and settled on the blockchain and track the price of the underlying asset in real time.
Binance launched its stock token service in April 2021, initially listing Tesla stock and later expanding to Coinbase, Strategy, Microsoft, and Apple stocks. This move drew the attention of regulators, with the UK's Financial Conduct Authority (FCA) and Germany's Federal Financial Supervisory Authority (BaFin) both questioning whether the tokens violated securities laws. Binance shut down the service in July 2021.
In the United States, traditional financial institutions are also attempting to enter the market, with the New York Stock Exchange (NYSE) and Nasdaq both seeking regulatory approval to launch equity token products. A Binance spokesperson told The Information, "Exploring the possibility of offering equity tokens is a natural next step in our mission to more closely integrate traditional finance with cryptocurrency."
However, legal hurdles remain. Stock tokens are one of the unresolved issues in the U.S. crypto market structure bill. Industry insiders say that the launch of such products will be delayed under the current provisions of the bill.
CertiK plans an IPO with a $2 billion valuation, aiming to become the "first publicly traded Web3 cybersecurity company."
According to co-founder Ronghui Gu, Binance-backed Web3 cybersecurity company CertiK plans to conduct an initial public offering (IPO). In an interview with Acumen Media in Davos this week, Gu stated, "We don't have very specific IPO plans at the moment. But it's definitely something we're pursuing." Gu is also an associate professor in the Department of Computer Science at Columbia University.
Founded in 2018 and headquartered in New York, CertiK primarily focuses on auditing blockchain smart contracts and partnering with cryptocurrency companies to ensure the security of their products. CertiK's most recent funding round was in 2022, when it reached a valuation of $2 billion and completed an $88 million Series B3 funding round led by Insight Partners, Tiger Global, and Advent International. Binance is CertiK's first and currently largest investor. CertiK has also received investments from companies such as Coinbase and SoftBank.
The company has served more than 5,000 clients and audited code that protects approximately $600 billion in assets.
[Moonbirds announced during a live stream that they will be at TGE on January 28th]
Moonbirds' 24-hour Birdathon event in collaboration with Solana concluded successfully, with the livestream announcing that the tokens will be available on January 28th at TGE.
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