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"The 'God of Stocks of Cheongdam-dong,' Lee Hee-jin, was transferred to the Seoul Metropolitan Police Agency's Financial Crime Investigation Division for alleged cryptocurrency fraud."

21 hours ago

January 8th — Korean media outlet News1 reports Lee Hee-jin, known as the "Cheongdam-dong Stock God," has been transferred from the Seoul Gangnam Police Station to the Seoul Metropolitan Police Agency’s Financial Crime Investigation Division amid allegations of virtual asset fraud. Lee was previously sued by a representative of Pica Coin’s issuing company (his former partner) for failing to pay roughly 1.88 billion South Korean won in agreed-upon settlement funds. He faces a second lawsuit seeking 28 billion won (about $19.27 million) in damages. The ex-convict has a prior record: he served a prison sentence from 2016 to 2020 for stock manipulation fraud. After his release, he is suspected of controlling projects like Pica Coin behind the scenes. Pica Coin was a South Korean cryptocurrency project active from 2020 to 2021. It promoted art investment, claiming investors could co-own famous artworks and earn high returns. Listed on South Korean exchange Upbit, it was soon exposed for alleged fraud and delisted by Upbit in June 2021.
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The number of ETH queued for Ethereum's PoS network validation has exceeded 1.77 million, and the staking withdrawal queue has been cleared

On January 9, data from validator tracking site Validator Queue (validatorqueue.com) shows the current queue of ETH validators waiting to join the network has reached 1,775,026—valued at roughly $5.52 billion—with an estimated activation delay of about 30 days and 20 hours. The spike is primarily tied to BitMine recently staking a large portion of its ETH holdings. Separately, the Ethereum Proof-of-Stake (PoS) network’s staking exit queue is fully cleared, with no users currently redeeming ETH from their staked positions.

1 minutes ago

「Strategy Opponent Liquidity Offload」 reduced positions and took profits in SOL, ZEC, and other assets, with over $4 million in realized gains.

On January 9, per Coinbob's Hot Address Tracker (https://t.me/Coinbob_track_CN), the whale address 0x94d—dubbed the "Strategy Whale Opponent"—has been steadily cutting partial long positions across tokens including SOL, ZEC, PUMP, and HYPE. As of press time, the address has liquidated roughly $4 million in positions, trimming its total holdings to around $352 million, and is still selling. It has fully closed all HYPE long positions. The address began accumulating assets in December 2023 with an initial balance of ~$20 million, then gradually built short positions in mainstream coins like BTC and ETH. Since its trading direction opposes that of MicroStrategy—the publicly traded firm consistently buying BTC—the market sees this address as a clear on-chain opponent.

1 minutes ago

VanEck: Bitcoin Could Hit $2.9 Million by 2050

On January 9, VanEck released a new report on Bitcoin’s Long-Term Capital Market Assumptions, projecting robust growth for Bitcoin over the next few decades and outlining how institutional investors could allocate the asset in diversified portfolios. Authored by VanEck’s Digital Asset Research Director Matthew Sigel and Senior Analyst Patrick Bush, the report forecasts Bitcoin will hit $2.9 million per coin by 2050 in its base-case scenario—implying a ~15% compound annual growth rate (CAGR) from current prices. The model assumes Bitcoin will capture 5–10% of global trade and become a central bank reserve asset, making up 2.5% of their balance sheets. In a conservative (bear market) scenario, Bitcoin’s annual growth would slow to just 2%, reaching ~$130,000 per coin by 2050. For an extreme bullish “super Bitcoinization” case—where Bitcoin represents 20% of global trade and 10% of GDP—each coin could theoretically hit $53.4 million, translating to a 29% CAGR. The report highligh

1 minutes ago

Vitalik Supports Roman Storm: Strong Believer in Privacy and Actively Uses Privacy Tools

On January 9, Ethereum co-founder Vitalik Buterin shared a message stating: “From the start, I’ve supported Tornado Cash co-founder Roman Storm’s work—both because I believe privacy is important and because I actively use privacy tools, including those he built. Many people assume by default that personal privacy can be violated by the public, and that governments, law enforcement, and intelligence agencies should have access to everyone’s information to ensure security. I firmly reject this idea. In reality, government databases are often hacked, and the data frequently ends up in the hands of hostile foreign actors. I’ve personally used his software to make transactions, and when I buy software for personal use, I don’t want my name on the company’s records. His apps still run smoothly even years after development stopped.”

1 minutes ago

Infinex Public Sale will end in 23 hours, currently raised approximately $3.18 million

On January 9th, the public sale for cross-chain aggregation DeFi platform Infinex is set to end in 23 hours. The project has raised roughly $3.18 million to date, hitting 63.6% of its $5 million fundraising target.

1 minutes ago

The US Dollar Index (DXY) Breaks 99 Level for the First Time Since December 10 Last Year

On January 9, the U.S. Dollar Index (DXY) climbed above 99 for the first time since December 10 of last year, posting an intraday gain of 0.14%, according to IG.

1 minutes ago

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