「Laozi」 Plunges Over 40% in 4 Hours, Market Cap Drops to $6.11 Million

On January 11, CryptoQuant analyst Julio Moreno noted that a Satoshi-era whale moved 2,000 bitcoins — marking the first such transfer since November 2024, when Bitcoin was trading around $91,000. Historically, Satoshi-era whales have been known to move their Bitcoin at key market turning points.

On January 11, BNB Chain Growth Lead Nina Rong took to social media to share her views, stating: "Even though I’m deeply involved in the meme community, I still hope everyone approaches meme culture with an entertainment-first mindset. I believe we all want BSC to have a native, truly community-driven grassroots culture. While I’m internet-savvy, I don’t participate in any token launches—and I hope everyone understands that." For context: BNB Chain appointed Nina Rong as Growth Lead last November 27.

As of Jan 11, the U.S. Senate Banking Committee is set to hold a hearing on cryptocurrency market structure and vote on the “CLARITY Act” on Jan 15 at 10:00 am EST, per the Senate’s schedule. The legislation aims to curb wash trading, deceptive practices, false trading volume, and mandate reserve proof—efforts intended to address longstanding gaps in cryptocurrency regulation. Some analysts project that if the act passes, market manipulation could decline by 70% to 80%, while large institutional funds may flow into crypto markets at an accelerated pace by 2026. Should the committee vote pass, the bill will advance to a full Senate vote, then return to the House for final approval before being sent to President Trump for enactment.

On Jan 11, 0xSakura Sakura (@0xsakura666), founder of the Life Candlestick Project, announced yesterday that the project will launch its "Cyber Merit Box" feature. Donating a specific value of a Binance Smart Chain (BSC) token will qualify users for a Life Candlestick Premium Key. The rules are as follows: 1. Send a designated BSC token to the Life Candlestick Foundation wallet (via the official website’s interactive button, coming soon); 2. 50% of donated tokens will be burned to a black hole address, while the remaining 50% will go to the Giggle Academy chain to permanently record the user’s merit; 3. Users will receive the Premium Key upon successful donation. Currently, 0xSakura Sakura is collecting community feedback on how to select the "designated BSC token." Earlier: This week, the Life Candlestick Project has been covered by multiple domestic traditional media outlets. BlockBeats reminder: The related tweet was posted yesterday, and some meme coins have surged

Jan. 11 — Meme coins Hakimi and Laozi surged over 20% in short-term trading Wednesday, driven by news of the BSC Foundation’s buy-in, according to GMGN market data.

Jan 11 — On-chain analyst Auntie AI (@ai_9684xtpa) reports the BSC Foundation has purchased $50,000 worth of "Hakimi" tokens just two minutes ago, now its 6th largest holding.