TokenomicsTrapper

Cryptocurrency asset management giant Metalpha withdrew 8,500 ETH from a leading exchange on January 23, with a total value of approximately $24.85 million. This move has attracted market attention. Large withdrawals by institutions often imply portfolio adjustments, changes in market sentiment, or increased asset flexibility, which could influence subsequent market mood.

Vitalik pointed out in the Chinese Web3 discussion that the competitiveness of Chinese-speaking developers lies in enhancing user experience, especially the front-end interface. He believes that infrastructure is oversaturated, and developers should focus on building interesting application layers to create unique user experiences rather than repeatedly developing existing systems.

【Blockchain Rhythm】Interesting on-chain movements. On January 23, Arthur Hayes had another position change—receiving approximately 5.83 million ATH tokens from Atheir's unlock contract, which was worth about $52,300 at the market price at the time. This unlock reflects some major players adjusting their holdings during this ATH market rally. For friends who follow on-chain whale movements, similar unlock events often reveal some of the true intentions of market participants.

India's financial intelligence agency FIU has demanded that cryptocurrency exchanges cease offering anonymous enhanced crypto tokens(ACE) services and has classified them as "unacceptable assets." The main concern is the difficulty in tracking funds, especially through mixing tools and self-custody wallets. Exchanges are required to establish data collection mechanisms and assess transfer limit restrictions to address the risks of money laundering and illegal fund flows.

Trader "Bai Sheng War God" has recently been frequently trading on-chain, using 40x leverage to long 25.12 BTC, with an average entry price of $89,550.8. His trading record shows an excellent success rate, with only 5 losses out of 199 trades, and a total profit exceeding $400,000. Worth paying attention to subsequent actions.

The global fund managers' cash holdings have decreased to 3.2%, indicating that large institutional investors are optimistic about the market and actively investing in risk assets. Meanwhile, the crypto markets such as Bitcoin and Ethereum have also attracted significant funds, but caution is needed regarding the potential ceiling of the market.

A well-known investment analyst stated in a podcast that the current market is still in the early stages of a bull market and will continue to perform well over the next decade. He is optimistic about US tech companies and the AI sector, recommends allocating 15% of funds to gold for hedging, and expects Bitcoin to reach $250,000 by 2026.

A large holder decisively closed their position 2 hours ago, selling 1737.71 ETH for a profit of $120,000, and then entered a watchful mode. This whale's quick counter-trend strategy demonstrates a keen sense of market rhythm, and retail investors can observe their movements to gauge market turning signals.

Bezos responded to a post on Polymarket about his advice to Generation Z entrepreneurs, stating that the content is purely fictional and expressing confusion as to why such fabrication would occur. This incident has drawn attention and serves as a reminder for users to exercise caution when dealing with information in decentralized prediction markets.

Farcaster, the decentralized social protocol, co-founder Dan Romero confirmed that the protocol is operating normally, with 250,000 monthly active users, and the ecosystem is gradually expanding. The new team Neynar plans to strengthen the development ecosystem to attract more applications. In terms of funding, Merkle announced a full refund of approximately $180 million in financing, demonstrating the protocol's execution capability and transparency.

The chairs of the US SEC and CFTC plan to hold a joint event to showcase the成果 of cryptocurrency regulation cooperation, aiming to clarify regulatory responsibilities, address market participants' confusion over regulatory ambiguity, and promote innovative projects to develop within a clear legal framework. This is a positive signal for the crypto ecosystem.

【Crypto World】From on-chain data, Bitcoin's annual net realized profit has dropped to 2.5 million coins, the lowest level since March 2024. Interestingly, the same indicator showed a similar trend in March 2022—just as the last bear market was beginning. Not only did net realized profit decline, but net realized loss also followed the same pattern. What does this reflect? It indicates that the support for Bitcoin's price is weakening. In other words, the market bottom may not have truly been established yet.

Bitcoin's recent performance relative to gold has declined, with the price ratio falling to 18.46, representing a 55% drop from last year's peak. The ratio has broken below the 200-week moving average, indicating that bitcoin's cost relative to gold is rising. Historically, bitcoin has underperformed during bear markets, and the current cycle has not yet concluded. The market is currently redefining bitcoin's store-of-value status.

Although discussions about "de-dollarization" are increasing in the market, the dominance of the US dollar remains solid, accounting for 58% of global foreign exchange reserves. The lack of a reliable alternative currency makes the US dollar still indispensable in international trade and reserves, and its position is unlikely to be challenged in the short term.

During the Davos World Economic Forum, Hanwha Financial Group actively signed cooperation memoranda of understanding, engaging in in-depth collaborations with Liberty City Ventures and Xangle, focusing on fintech and digital financial ecosystems, demonstrating the increased emphasis and understanding of traditional finance towards the Web3 ecosystem.

【Blockchain Rhythm】Robinhood platform officially launched the spot trading feature for SKY on January 22. This means users can now directly buy and sell SKY on the platform, further expanding the variety of cryptocurrencies available. For traders interested in the development of the SKY ecosystem, this is undoubtedly a noteworthy move.

A leading exchange's wallet product has integrated Privy Privacy Wallet infrastructure, simplifying the process for developers to connect dApps with wallets, enhancing user experience, ensuring smoother and more secure connections, reducing cumbersome authorization steps, and providing privacy protection for the ecosystem.

NetMind.AI recently launched the decentralized AI platform AeroNavigator, focusing on DeFi AI agents that can monitor over 50 liquidity pools simultaneously, automatically execute multi-step trading strategies, and assist with trading around the clock. AeroNavigator was selected for Base Batches 002 and will be launching soon, worth paying attention to.

【BiTu】On-chain data monitoring shows that in the past month, a leading whale address has been continuously buying XAUT tokens. Specifically, the whale has accumulated 9,439 XAUT in batches over the past 25 days, with an average cost of $4,463 per token, totaling an investment of 42.13 million USDe. This transaction currently has an unrealized profit of $3.45 million. This move reflects the whale's optimistic outlook on the future performance of XAUT and is also worth paying attention to the holdings trends of institutional-level players.

On January 22, AppLovin responded to allegations from short-selling firms, stating that their report is filled with falsehoods and misleading information. The company emphasized the strict review standards and compliance of its advertising platform, refuted the allegations of "assisting money laundering," and pointed out that there is no systemic failure in the entire mobile advertising ecosystem, which has always maintained transparency and compliance.