BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

As of January 11, CoinGecko data shows Upbit’s 24-hour trading volume currently stands at $750 million. Among its pairs, the XRP/KRW trading pair accounts for 6.13% of total volume, leading the Korean won-denominated market. The next four top pairs in the won market are HYPER, AKT, BOUNTY, and DEEP.

January 11: The Associated Press reported that Donald Trump met with oil industry executives in the White House East Room, where he sported a mini cartoon “Happy Trump” pin on his suit. When a reporter asked about the pin’s origin, Trump responded: “Someone gave this to me. Know what this is? It’s called ‘Happy Trump.’ I’m never happy, never satisfied. I won’t be satisfied until we make America great again. But I’ll tell you—we’re very close. This is ‘Happy Trump.’”

January 11th: Per Arkham data, an address linked to the Polygon team transferred 20 million POL total to Binance and GSR Markets addresses over the past 20 minutes, with the transfer valued at nearly $3.5 million.

On January 11, per The Wall Street Journal, Venezuelan President Nicolás Maduro has helped push Tether to become the world’s leading stablecoin. USDT serves as a key tool for Venezuela’s national oil company Petróleos de Venezuela (PdVSA) to bypass sanctions—used to settle oil trades—and provides an economic lifeline to Venezuelans grappling with the sharp depreciation of their national currency. A Tether spokesperson responded, noting that Tether adheres to all applicable U.S. and international sanctions regulations, works closely with U.S. authorities including the Office of Foreign Assets Control (OFAC), and regularly assists law enforcement in freezing addresses linked to illegal activities or sanctions violations upon legitimate requests.

On January 11, on-chain data analyst Murphy stated that the on-chain sentiment indicator RMMPC shows Asian market funds are currently exerting stronger influence over Bitcoin (BTC) prices. These funds began heavy inflows after December 19, 2025, driving BTC to rebound following a double retracement to $85,000. However, U.S. market funds have yet to actively enter (partly due to the Christmas and New Year holidays), limiting the rebound’s intensity. Prior to the March 2025 market rally, Asian funds led the way with inflows, followed by U.S. funds. Together, they ultimately provided strong momentum for the market and decisively shifted its direction.

On Jan. 11, monitoring by HyperInsight (via its Telegram channel @HyperInsight) revealed that Huang Licheng—known as “Brother Ma Ji”—opened a 10x leveraged long position on ZEC and closed it just one hour later, netting a profit of approximately $2,544. Currently, Brother Ma Ji holds two active long positions: a $34 million ETH position with an entry price of $3,138.43, and a $250,000 HYPE position with an entry price of $24.4.