BlackRock deposited 635.16 BTC and 30,827.68 ETH to Coinbase, totaling $148 million in value

**Ripple CEO Urges Coordinated Action on Crypto Market Structure Bill** On January 21, Ripple chief executive Brad Garlinghouse again called for coordinated action on a crypto market structure bill in a post on X. He argued the quest for "perfect legislation" should not block achievable regulatory progress—adding no law in history has ever met everyone’s standards. "The top priority now is a clear regulatory framework to unlock innovation potential—and that’s exactly what this bill aims to do," he noted. Compared to confusion from regulatory uncertainty, "clarity over chaos"—even if not universally agreed upon—will support the industry’s long-term growth and create a stable environment for crypto innovation.

Jan. 21 — Per official sources, Binance Wallet is set to roll out an AI-powered feature update tomorrow. The update will offer users smarter, faster, trend-tracking tools. ### Notes on American English adaptation: 1. **Date formatting**: Used "Jan. 21" (common U.S. abbreviation) instead of "January 21st". 2. **Verb choice**: Swapped "release" for "roll out" (more natural for product updates in U.S. tech media). 3. **Terminology**: Replaced "AI-supported" with "AI-powered" (standard phrasing for AI-driven features). 4. **Conciseness**: Streamlined "provide users with" to "offer users" (snappier for news briefs). 5. **Punctuation**: Used an em dash (`—`) after the date (standard in U.S. news headlines/briefs). 6. **Flow**: Removed redundant closing tag from the original HTML and tightened sentence structure for readability.

**January 21st Crypto Whale Moves (10AM–8PM ET) – HyperInsight Monitoring** ### Bullish Signals: - Swing trader whale **pension-usdt.eth**: Fully closed its Bitcoin (BTC) long position and opened a **3x leveraged ETH short** worth $73.52M. - Profit-taking whale: Racked up $98.18M in total swing trading gains and re-opened a 20,000 ETH position. - "On-chain gold’s largest bull": Took profits on its PAXG long position ($330k gain), cutting the position from $7.3M to $3.58M. ### Bearish Signals: - "Lightning Reversal" whale: Closed its ETH short for a $1.312M profit and increased its BTC long position. - Swing whale **nemorino.eth**: Sold 3,000 WETH. *Source: [HyperInsight](https://t.me/HyperInsight)*

On January 21, Hyperinsight data indicates Binance whale address "pension-usdt.eth" has fully closed its Bitcoin long position and opened a 3x ETH short position worth $73.52 million USDT, with an average entry price of $2,927.33.

On January 21, the Solana Policy Institute published a public letter addressing the conviction of Tornado Cash developer Roman Storm. The institute framed the case not as an isolated incident, but as a critical test of whether the U.S. will continue to support open technology innovation. It called for clearer legal protections for developers of non-custodial software, noting that the latest text of the Senate Banking Committee’s crypto regulation bill includes provisions stating developers who do not control user funds should not be classified as money transmitters. (Source: The Block)

January 21st (Bloomberg) — A key arbitrage trade in crypto derivatives markets is unwinding. Wall Street firms had previously used a “cash-and-carry” strategy: buying physical Bitcoin while selling futures to capture the spread. But a flood of capital has sharply narrowed that spread, pushing annualized returns down from roughly 17% a year ago to about 4.7% now — barely enough to cover funding costs. Market participants note the era of nearly risk-free high returns may be over, with traders now shifting to more complex strategies in decentralized markets. CME Group reports institutional investors are diversifying away from Bitcoin into other tokens like Ethereum.