The market pullback has brought the new Meme coin "back to its origins," with WhiteWhale down 75% from its ATH, while "The Master" and "Life's Candlestick" are down over 85% from their ATH.

January 19: The Hong Kong Securities and Futures Professional Association has submitted a consultation paper on implementing the Cryptocurrency Asset Reporting Framework (CARF) and amending the Common Reporting Standard (CRS) in Hong Kong. The association backs mandatory registration for Registered Crypto Asset Service Providers (RCASP) and Reportable Financial Institutions (RFI) to align with OECD standards and preserve Hong Kong’s standing as a global financial hub. It’s proposing a simplified, streamlined registration and reporting process for “zero-reporting” entities to cut compliance costs, and recommends an administrative penalty framework over criminal liability. Additionally, the association supports a default “dual reporting” setup for CARF and CRS to reduce system complexity and reporting errors. It’s also calling for an API-based reporting interface to meet the automated compliance needs of large cryptocurrency firms.

**January 19 – Per Coinbob Popular Address Monitoring, the "Strategy Whale" address (0x94d) has ramped up BTC and ETH long positions over the past few hours, pushing its total position value to $272 million. The positions were opened just over two hours ago.** **Key position breakdown:** - 15x ETH long: ~$221M position value, avg. entry $3,213, unrealized loss ~$240k - 20x BTC long: ~$43.7M position value, avg. entry $93,000, unrealized loss ~$30k **Earlier today, the address was liquidated amid market volatility, posting losses of over $15.3M across three major cryptos. It then bottom-fished with 20x leverage to open BTC/ETH longs, with related positions briefly hitting $53M. All these longs were closed around 3 PM ET today, marking another dip-buy attempt.** **The address began accumulating assets in December 2023 with an initial account size of ~$20M, then gradually built short positions on mainstream coins like BTC/ETH. Market watchers peg it as a clear "on-chain count

On January 19, Onchain Lens monitoring shows a newly created address withdrew 25 million USDT/USDC from Binance and OKX, deposited 5 million USDC into HyperLiquid, supplied 20 million USDT to HyperLend, and borrowed 400,000 HYPE. Additionally, the whale has transferred 5 million USDC to HyperLiquid’s spot trading platform.

On January 19, Trove—a project planning to build a perpetual contract DEX focused on leveraged trading of non-traditional assets like collectibles, real-world assets (RWAs), stocks, and prediction markets—originally launched on the Hyperliquid ecosystem and completed an ICO earlier this month, raising roughly $11.5 million. During this period, the community flagged controversies including claims that the project paid KOLs for promotion (with funds flowing to an entertainment platform’s deposit address) and that the ICO fundraising deadline was repeatedly changed. Recently, the project abruptly announced it was ditching the Hyperliquid route to rebuild its entire perp DEX on Solana. At the same time, the Trove team began dumping HYPE. Facing community outrage, the official explanation was that a liquidity provider (LP) closed a 500,000 HYPE position due to "recent negative sentiment," which altered the project’s trajectory. Amid these eyebrow-raising moves, blockchain analyst @

On January 19, LookOnChain data indicates an address linked to Fenbushi Capital deposited 7,798 ETH (valued at roughly $25 million) into Binance following two years of staking.

January 19th, per monitoring from HyperInsight (Telegram: @HyperInsight), the "Battle King" trader closed a 40x-leveraged long position of 73.49 BTC for a profit of $6,063, then immediately went long on 249.23 ETH with 20x leverage at an average price of $3,210.2. The wallet address has executed 176 transactions: only 4 of these resulted in a total loss of $5,191.12, while the remaining 172 were all closed with realized profits, yielding a total account profit of $345,700.