Linera Launches Babbage Testnet

January 13 — Per GMGN monitoring (via link: https://t.me/gmgnaibot?start=i_m4TE56o8), following a tweet from CZ stating “I’m not against meme coins, but blindly following meme coin transaction tweets will likely lead to losses,” the market took this as a negative signal toward “official IP-derived” meme projects on his platform. As a result, several Chinese-themed meme coins on BSC saw mixed performance, with most posting declines: - **“I Came”**: 6% drop in 1 hour; market cap $26.65M; current price ~$0.026 - **“My Goodness”**: 11% gain in 1 hour; market cap $11.49M; current price ~$0.011 - **“Life K Line”**: 23% plummet in 1 hour; market cap $11.15M; current price ~$0.011 BlockBeats reminds users: Meme coin trading is extremely volatile, relies heavily on market sentiment and hype, and has no tangible value or utility. Investors are advised to exercise caution.

On January 13, per HyperInsight monitoring (via the Telegram channel https://t.me/HyperInsight), the whale address labeled "Lightning Hand" (0x50b3...) executed a position adjustment for its ETH long position, increasing the position by 1,308.04 ETH—valued at approximately $4.0974 million. Post-operation, the average entry price of its ETH long position dipped slightly from $3,131.26 to $3,129.91, with a total position size of $10.681 million. The position’s current unrealized loss is roughly $3,803.91 (a 0.50% drawdown), and its liquidation price sits at $2,229.79. Notably, this address is known for ultra-fast long-short switches: it typically closes a position quickly and immediately opens a large position in the opposite direction, reflecting a high-frequency reversal trading strategy.

**OKX to Launch FOGO Spot Trading, Convert Pre-Market Contracts to Perpetuals** Per official sources, cryptocurrency exchange OKX will list FOGO spot trading and convert FOGO pre-market contracts to standard perpetual contracts on the following schedule: - **FOGO Deposits Open**: January 13, 2026, 14:30 UTC+8 - **Auction Period**: January 15, 2026, 21:00–22:00 UTC+8 - **FOGO/USDT Spot Trading Launch**: January 15, 2026, 22:00 UTC+8 - **Pre-Market Contract Conversion**: Completed within 3 hours starting January 15, 2026, 22:00 UTC+8 (process finishes once the index stabilizes during this window) - **FOGO Withdrawals Open**: January 16, 2026, 00:00 UTC+8 This news follows OKX’s announcement of the token’s listing and contract conversion plans.

On January 13, CZ (Changpeng Zhao) posted: “I’m not against meme coins—I like memes. But if you plan to blindly jump on the bandwagon and chase every meme coin tied to my random tweets, you’re almost guaranteed to lose money. I usually tweet dumb, unfunny jokes, and most of the time, I’m not even thinking about memes.”

Jan. 13 Per PeckShield monitoring, cryptocurrency-related theft hit an all-time high in 2025, driven primarily by systemic vulnerabilities in centralized infrastructure and a strategic shift toward targeted social engineering attacks. Total losses in 2025 topped $4.04 billion—up roughly 34.2% from the $3.01 billion stolen in 2024. The breakdown includes: - $2.67 billion in crypto hacking losses (a 24.2% year-over-year increase) - $1.37 billion in fraud losses (a 64.2% year-over-year jump) Roughly $334.9 million in stolen crypto has been recovered or frozen, down from $488.5 million in 2024.

Jan. 13 — Crypto journalist Eleanor Terrett reported that banks may have gained the upper hand in the latest stablecoin yield developments. A newly leaked draft of the *Clarity Act* (page 189) mandates companies cannot pay interest solely based on user account balances. Users may still earn rewards, but these must be tied to specific actions: opening an account, executing transactions, staking, providing liquidity, offering collateral, and participating in network governance. Senators have 48 hours to propose amendments to the draft, so it remains uncertain whether these provisions will stay in the Thursday version.