Mentougou Hacker Affiliated Address Deposits Another 926 BTC to Unknown Exchange

On January 13, Decrypt reported that U.S. Senators Cynthia Lummis and Ron Wyden have reintroduced a bipartisan bill aimed at clarifying when cryptocurrency developers and infrastructure providers would qualify as money transmitters under federal law. Dubbed the Blockchain Regulatory Certainty Act, the legislation seeks to distinguish blockchain software creators and maintainers from financial intermediaries that control customer funds. Under the proposal, developers and infrastructure providers would be excluded from the federal money transmitter definition if they lack the legal right or unilateral ability to move users’ digital assets. Lummis noted that developers who only write code and maintain open-source infrastructure should not be classified as money transmitters—so long as they do not touch, control, or access users’ funds. Wyden added that applying the same rules to code writers as to exchanges or brokers is technically unfeasible and could infringe on privacy and free spe

January 13th: Per Hyperinsight monitoring (via https://t.me/HyperInsight), the "Lightning Reversal" whale (address 0x50b30) just closed a BTC long position, locking in a $530,000 profit. The whale still holds a short position of 11,694.63 ETH with 14x leverage, with an average entry price of $3,088.64 and an unrealized loss of $280,000.

On January 13, 0xSakura Sakura (@0xsakura666) — founder of the Life Candlestick Project — shared key updates about the project, its tokens, donations, and future plans. She confirmed the Life Candlestick Project has successfully launched, but clarified the linked token is unrelated to the product and was not minted by her. Donations received so far are allocated to server costs, API fees, and operational team salaries. For the official foundation, she is considering burning 50% of these donations, with the remaining 50% fully donated to Giggle. Additionally, the BNB transaction tax from previous tokens — which has seen minimal usage — will be fully donated to the foundation and then passed entirely to Giggle. Regarding token donations, the original plan was to announce details after the product launch. However, she flagged potential issues with donating certain tokens to Giggle: highly centralized meme coins may generate ongoing value, but converting tokens to BNB is the only way

Jan. 13 — Per monitoring from HyperInsight, Strategy—dubbed the "whale nemesis"—is the former address (0x94d37) that once held Hyperliquid’s largest BTC short position. Today, it continued trimming its SOL short position, still holding 353,342 SOL (roughly $48.92 million) short with 20x leverage. The position has a floating profit of $910,000 per token, while the account’s total floating profit stands at $1.003 million. During Strategy’s ongoing BTC accumulation phase, this address began shorting mainstream tokens like BTC and ETH. At one point, it held a $120 million position—making it Hyperliquid’s largest BTC short at the time—and now ranks as the platform’s second-largest BTC short.

**January 13th Update** Per Coinglass data, the Coinbase Bitcoin Premium Index has held a negative premium for 7 consecutive days, currently at -0.1184%. Over the past 30 days, the index has been negative on 29 occasions. **BlockBeats Note** The Coinbase Bitcoin Premium Index measures the gap between Bitcoin prices on Coinbase (a leading U.S. cryptocurrency exchange) and the global market average. It is a key indicator for tracking U.S. market capital inflows, institutional investment sentiment, and shifts in market mood. - A positive premium signals Coinbase’s Bitcoin price trades above the global average, typically indicating: Strong U.S. market buying pressure; active inflows from institutional or regulated funds; ample USD liquidity; and broadly optimistic investor sentiment. - A negative premium means Coinbase’s price is below the global average, often reflecting: Elevated U.S. market selling pressure; reduced investor risk appetite; rising market risk aversio