If Ethereum drops below $2850, the aggregate long liquidation amount on major CEXs will reach $771 million.

January 23rd — Per HyperInsight monitoring, the “High-Frequency Shorting Pioneer” address (0x3bcae) closed out a 68.95 BTC short position 2 hours ago, posting a $14,000 loss. Its current total open short positions are in a $15,000 floating loss. This address runs a high-frequency multi-asset strategy, favors overnight positions, and follows strict risk controls.

As of January 23rd, per LookOnChain monitoring, an address created a new wallet 5 hours ago, deposited 2.44 million USDC into HyperLiquid, and placed a limit buy order for 5 million ASTER (valued at ~$3 million) at $0.6 per token.

On January 23, Nasdaq filed a rule change application with the U.S. Securities and Exchange Commission (SEC) to remove the 25,000-contract position limit for Bitcoin and Ethereum spot ETF options—aiming to align crypto ETF options with rules governing other commodity funds. Nasdaq stated the move would level the playing field for crypto ETF options relative to other commodity options by eliminating unequal restrictions. The SEC has launched a review, with a final decision expected by the end of February. (Source: Cointelegraph)

On January 23rd, Makina—the previously hacked DeFi execution engine—announced via its official X account that at 9:15 PM ET on January 22nd, the MEV Builder returned funds under the SEAL white hat safe harbor, deducting a 10% bounty. The builder transferred roughly 920 ETH (from the 1,023 ETH it had received), representing ~90% of the total stolen funds (≈1,299 ETH). The funds were sent to the recovery multi-sig wallet 0xc22F…8AB9. The team is continuing to recover the remaining funds and is reaching out to the RocketPool validator address 0x573D…910E, which received approximately 276 ETH. ### Notes on American English adjustments: 1. **Time format**: Added "ET" (Eastern Time) for clarity (common in U.S. tech/finance news). 2. **Word choice**: - "Roughly" instead of "approximately" (more colloquial in U.S. quick updates). - "Reaching out" instead of "seeking to contact" (natural for team outreach). - "Sent" instead of "transferred" (simpler for crypto fund move

On January 23rd, per HyperInsight’s tracking, a whale opened a long position on 4,212 ETH at 11:16 using 25x leverage, with an average entry price of $2,962.62. The position is currently slightly in the red. This address has been actively trading ETH and BTC recently, primarily executing short-term, high-leverage isolated margin trades.

January 23 — U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins announced he will join Commodity Futures Trading Commission (CFTC) Chairman Mike Selig for a joint public event next week to discuss regulatory coordination in the crypto space. Atkins noted the two agencies will collaborate to advance President Trump’s commitment to “Make America the Global Hub for Cryptocurrencies.” The event will take place at CFTC headquarters, be open to the public, and feature a simultaneous online live stream.