Huang Renxun has left Beijing, and NVIDIA has not disclosed whether Huang Renxun met with the DeepSeek founder.

January 17: Galaxy Digital Head of Research Alex Thorn stated that the scheduled Senate Banking Committee hearing on crypto market structure legislation has been postponed, citing deep-seated divisions between Congress and the industry on key issues—most notably stablecoin yield mechanisms and DeFi-related provisions. The delay came hours after Coinbase CEO Brian Armstrong withdrew his support for the bill, publicly pushing back against its language on tokenized securities, DeFi restrictions, and stablecoin yields. Senate Banking Committee Chairman Tim Scott announced the postponement but has not shared a new schedule. Given the Senate’s recess next week, the earliest the hearing could resume is between January 26 and 30. Thorn noted that over just 48 hours: the draft bill dropped late at night, more than 100 amendments were filed, stakeholders uncovered new points of contention right up to the last minute, and political coordination grew far more challenging. On the market fr

On January 17, trader Eugene Ng Ah Sio shared an update in his personal channel, saying: “I’ve closed out most of my altcoin long positions — they didn’t hit the extra returns I was targeting, so I’m locking in what’s available now. My core Bitcoin long position is still open, but I’m mostly in cash again, waiting for the next chance to deploy capital.”

On January 17, Coinglass data shows total net BTC outflow from centralized exchanges (CEXs) hit 347.51 BTC over the past 24 hours. Top three CEXs by BTC outflow: - Kraken: 1,623.52 BTC outflow - Bitfinex: 182.60 BTC outflow - KuCoin: 38.78 BTC outflow Additionally, Binance led inflows with 573.18 BTC.

On January 17th, Tom Lee—BitMine Chairman and Fundstrat Co-Founder—told the firm’s latest shareholder meeting that Ethereum is central to the next wave of financial infrastructure evolution, with 2026 likely marking a critical year for its full-scale breakout. Lee noted Ethereum hit an all-time high against BTC in 2021, and that ratio is poised to exceed its prior peak by 2026 amid accelerating real-world asset tokenization and mainstream adoption by financial institutions and users. Standard Chartered also labels 2026 the “Year of Ethereum,” projecting ETH to reach $12,000. BitMine’s business model stands to gain directly from rising ETH prices: historical correlation analysis suggests the firm’s (BMNR) stock could theoretically hit ~$500 if ETH reaches $12,000. Moreover, BitMine benefits from ETH staking rewards and robust cash reserves. It currently holds ~4.2 million ETH and ~$1 billion in cash, with projected pre-tax income of $402M–$433M under current conditions. If ETH

Update (Jan 17): OnchainLens monitoring shows the Solayer team’s wallet has deposited 18.32 million LAYER tokens (≈$3 million) into Binance. The wallet has received a total of 34.88 million LAYER (≈$21.65 million) and currently holds 16.56 million LAYER.

On January 17th, data from Coinglass shows that if Bitcoin falls below $94,000, total long liquidation strength across major centralized exchanges (CEXs) will hit $442 million. Conversely, if Bitcoin climbs above $96,000, total short liquidation strength for those same CEXs will reach $250 million. BlockBeats Note: Liquidation charts do not display the exact number of contracts at risk of liquidation or the precise value of those contracts. Instead, the bars on these charts represent how significant each liquidation cluster is relative to adjacent clusters—i.e., its "strength." As such, the chart indicates the degree to which Bitcoin’s price will react when it hits a specific level. A taller "liquidation bar" means the price will see a stronger response once that level is reached, driven by a liquidity cascade.