The popular AI framework Virtuals Protocol will host an in-person meet-up in Hong Kong on Friday, January 17.

The Kobeissi Letter reported that hedge funds net bought $48 billion in U.S. stocks last week, marking the second-largest weekly net buying volume since 2008. Calculated as a proportion of the S&P 500’s total market capitalization, this purchase ranks 24th in historical records. During the same period, institutional investors net sold $3.8 billion, ending a four-week streak of net buying, with their average weekly net purchase over the past four weeks falling to $3.9 billion. Retail investors net sold a modest $200 million in the same period, bringing their average weekly net purchase over the past four weeks down to $600 million. Hedge funds are resuming large-scale buying of U.S. stocks.

Glassnode’s report indicates that the Coldcard vulnerability incident has driven Bitcoin’s daily active addresses to 980,000, a new high since December 2024. The on-chain activity growth is primarily fueled by panic, per Glassnode: holders are migrating wallet mnemonics and transferring funds to alternative custody methods in response to operational security risks. This shift does not represent a change in market confidence.

According to market data from BIT (bit.com), NVIDIA is currently trading at $219.39. Data shows that 276 days have passed since Michael Burry, the real-life prototype of *The Big Short*, publicly went bearish on NVIDIA (NVDA), with the stock gaining roughly 6% over that period.

According to CNBC, JPMorgan Chase CEO Jamie Dimon warned that leverage in current financial markets remains at elevated levels, with margin debt hitting an all-time high. Some borrowings are not directly classified as margin debt, but hidden in prime brokers, hedge funds, ETFs and U.S. Treasury arbitrage strategies. Dimon noted that high leverage increases the likelihood that a single investor or fund could quickly disrupt the market and trigger broader volatility. Recently, AI-focused hedge fund Situational Awareness faced margin calls after losing bets on leveraged tech stocks, forcing it to liquidate most of its listed stock portfolio. However, Dimon did not label the current leverage level as a systemic threat, stating that the overall market is still capable of absorbing the failure of individual institutions. He emphasized that the current environment differs from the 2008 financial crisis, when the real shock stemmed from impending massive losses in the mortgage market, not just leverage itself. Dimon also said that when market volatility rises, clearing firms and banks typically demand more collateral. At the same time, government deficits, infrastructure investment and global rearmament could reignite inflationary pressure and underpin higher long-term interest rates.

NFT trading platform Rarible has announced its official launch on Solana, with Claynosaurz serving as the platform’s first featured NFT collection. Over the coming days and weeks, Rarible will continue to onboard additional Solana ecosystem NFT projects. The company said its team has spent the past several months on development, testing, and launch preparations, while engaging with multiple NFT communities within the Solana ecosystem to learn about different projects’ stories, cultures, and community needs—feedback that has shaped several of the platform’s current product decisions. It clarified that Gacha Station, previously rolled out on Solana, was not a standalone feature but a preliminary trial ahead of this launch. Rarible’s goal is not only to list NFT collections, but also to collaborate with project teams to design market experiences tailored to each project’s unique traits. The platform noted that today’s launch is only a basic version, with plans to add more projects, features, market experience optimizations, content, and community activities in the coming period, while advancing its platform development in partnership with the Solana ecosystem.

Prediction market platform predict.fun announced that all crypto asset up/down prediction markets have launched a "one-click buy" feature, allowing users to directly purchase relevant positions.