10 #Bitcoin ETFs inflows 7,066 $BTC(+$703.6M) and 9 #Ethereum ETFs inflows 14,425 $ETH(+$48.32M) yesterday.

Jan. 17 — Bloomberg reports that Hong Kong fintech firm WeLab has closed a $220 million Series D funding round, with participation from HSBC, Prudential Hong Kong, Fubon Bank (Hong Kong), the Hong Kong Growth Portfolio, Allianz X, TOM Group (CK Hutchison Holdings), and other investors. Proceeds from the round will be used to expand into Southeast Asia and pursue mergers and acquisitions (M&A). WeLab is a member of the Hong Kong Web3 Association. Its subsidiary, WeLab Bank, received a virtual banking license from the Hong Kong Monetary Authority in 2019 (now rebranded as a digital bank) and is also a member of the Hong Kong Institute of Bankers (HKIB).

January 17th Per monitoring data from Farside Investors, U.S. Bitcoin spot ETFs recorded a net outflow of $394.7 million yesterday, with the following breakdown: - BlackRock IBIT: +$15.1 million (inflow) - Fidelity FBTC: -$205.2 million (outflow) - Bitwise BITB: -$90.4 million (outflow) - ARK ARKB: -$69.4 million (outflow) - Grayscale GBTC: -$44.8 million (outflow) Additionally, U.S. Ethereum spot ETFs posted a net inflow of $4.7 million yesterday, with: - BlackRock ETHA: +$14.9 million (inflow) - Grayscale ETHE: -$10.2 million (outflow)

On January 17, GMGN market data shows Solana-based meme coin RALPH has hit a new all-time high, with its market capitalization exceeding $43 million. It’s up 253% in 24 hours, with a 24-hour trading volume of $17.7 million. RALPH is inspired by Ralph Wiggum, the iconic character from *The Simpsons*. Previously reported by BlockBeats, a RALPH insider spent 12.3 SOL (worth $1,668 at the time) to buy 28.8 million RALPH tokens. Those tokens are now valued at $1.07 million, marking a 642x return on investment. BlockBeats Note: Meme coins carry extreme price volatility, rely heavily on market sentiment and hype, and have no tangible value or use case. Investors should be aware of these risks.

On January 17, Onchain Lens monitoring revealed that an insider tied to the RALPH token’s associated address previously spent 12.3 SOL (valued at $1,668) to buy 28.8 million RALPH tokens. Those tokens are now worth $1.07 million, netting a 642x return.

On-chain analytics firm CryptoQuant noted on January 17 that Bitcoin’s recent price rebound looks more like a short-lived bounce than a sustained recovery, as market demand remains weak. In its Friday report, CryptoQuant stated: “Bitcoin has risen 21% since November 21—this seems to be a bear market bounce. Demand has improved slightly but still looks weak.” A bear market bounce is a sharp price recovery within an overall downtrend that doesn’t change the fundamental bearish structure. Research director Julio Moreno said the rebound is still backed by shrinking demand trends. After previously dropping ~19% and falling below its 365-day moving average, Bitcoin has climbed ~21% since November 21. CryptoQuant views this moving average as a key line between bull and bear markets—once Bitcoin drops below it, a bear market is confirmed. Analysts note the current trend mirrors 2022’s: back then, Bitcoin also saw a strong bounce after breaking below the 365-day average, only to be blocke

On Jan. 17, the White House’s top cryptocurrency advisor clarified that U.S. prosecutors have not liquidated seized digital assets linked to Samourai Wallet developers — pushing back against earlier reports that the Bitcoin may have been sold in violation of a Trump administration executive order. Patrick Witt, Executive Director of the President’s Financial Advisors Committee, tweeted Friday that he’d received confirmation from the Department of Justice (DOJ) regarding the prosecution of Samourai founders William Lonergan Hill and Keonne Rodriguez. “Update: We’ve confirmed with DOJ that, per E.O. 14233, seized Samourai Wallet digital assets have not been and will not be liquidated,” Witt wrote. “They will be held as part of the government’s strategic Bitcoin reserve.” Earlier this month, Bitcoin Magazine cited court filings and data to report that the U.S. Marshals Service had sold over $6 million worth of Bitcoin tied to the case. The assets were part of funds Hill and Rodrigue