Ethereum Gas Fee Continues to Drop, Now at 0.352 Gwei

As monitored by EmberCN, at 1 a.m. Beijing time on January 24th—when Ethereum (ETH) broke above $3,000—a whale that lost $13.73 million last November from high-buy-low-sell trades chased the ETH rally again: it purchased 5,157 ETH for $15.33 million, at an average price of $2,972. This time, unlike previous instances where it sold immediately after a rally, the whale still holds the position.

**Jan 24 – The U.S. Securities and Exchange Commission (SEC) filed court documents Friday local time to dismiss its lawsuit against cryptocurrency exchange Gemini.** The SEC said it no longer needs to pursue the case because Gemini Earn users have recovered 100% of their assets through the Genesis bankruptcy process. Back in 2023, the SEC sued Gemini and Genesis Global Capital, alleging they sold unregistered securities via Gemini’s yield-generating Earn product. The product halted withdrawals after the 2022 FTX collapse and crypto market slump, sparking regulatory action. Court documents show the SEC has reached a settlement with Gemini, confirming investors have received a “100% make-whole remedy” — pending formal approval from a federal judge. Previously, Genesis settled with the SEC by agreeing to pay a $21 million fine, and Gemini also resolved its case with New York state’s regulatory agency. This case is among more than a dozen crypto-related lawsuits the SEC has dis

January 24 — Blockchain security firm CertiK is weighing an initial public offering (IPO) with a target valuation of approximately $2 billion. CertiK co-founder Ronghui Gu—an associate professor of computer science at Columbia University—told reporters in a Davos interview this week that while no specific IPO timeline has been set, the move is a clear goal for the company. Founded in 2018 and headquartered in New York, CertiK specializes in smart contract audits and security services for blockchain projects. Gu noted the firm has served over 5,000 clients, with its audited code safeguarding roughly $6 trillion in assets. CertiK’s last funding round was its 2022 Series B3, led by Insight Partners, Tiger Global, and Advent International. The round valued the company at $2 billion and raised $88 million. Gu added Binance was CertiK’s earliest and largest financial backer, with other investors including Coinbase and SoftBank. Earlier this month, CertiK also announced a strategi

Coinbase announced this morning at 7:21 a.m. that it has added Doodles (DOOD) and Moonbirds (BIRB) to its asset listing roadmap, effective January 24th.

On January 24, per EmberCN monitoring, Bitcoin briefly topped $91,000 and Ethereum crossed $3,000 at 1 a.m. this morning amid market volatility. The market movement triggered a $60 million liquidation of the short position held by "Deleveraging Trader 0xD83...Fd7." Currently, the address’s short position value has fallen from $300 million to $238 million, while its unrealized profit has dropped from a two-day high of $24 million to roughly $4 million.

On January 24, official sources confirmed that NFT project Moonbirds has announced its BIRB token will hold a Token Generation Event (TGE) on January 28. Blur data shows Moonbirds’ NFT floor price has climbed to 2.7 ETH—up 15.3% in 24 hours and 18.9% over the past seven days.