Linera Launches Babbage Testnet

On January 25th, Life Candlestick Project founder 0xSakura (@0xsakura666) revealed key updates for the project: - The "Life Candlestick" v1.25 app, Metaphysical Agent chat feature, and Merit System are set to launch imminently. - Whitelist token burn mechanisms will be optimized. - Donations will now only accept whitelist tokens (BNB support is being phased out). - Tokens not donated before delisting will be retained, with only **Life Candlestick**, **Life Candlestick Fund**, and **Merit** remaining as eligible whitelist tokens. - Merit points earned via token donations will work for all future Life Candlestick functions/activities; donated tokens will be 100% burned. - The previously announced buyback has been completed, and future buyback ratios will be adjusted to: 50% Life Candlestick, 34% Life Candlestick Fund, 16% Merit. Per GMGN data (link: https://gmgn.ai/bsc/token/i_m4TE56o8_0x1a1e69f1e6182e2f8b9e8987e83c016ac9444444), the "Life Candlestick" token’s market cap b

Per Whale Alert data, the USDC Treasury burned 50 million USDC on the Ethereum blockchain 5 minutes ago (January 25th).

On Jan. 25, OnChainSchool.pro monitoring shows a PUMP whale transferred all its PUMP tokens—valued at $11 million—to Binance roughly 4 hours ago. The whale is expected to net around $3.15 million in profits from the move, a roughly 40% return. The whale had been gradually accumulating these tokens from multiple exchanges over the past month.

On Jan. 25, Caixin reported that in the case of Qian Zhimin’s 60,000 BTC money laundering, British prosecutors still insist the proposal they submitted to the court on Oct. 15, 2025 — to set aside a portion of assets during civil asset recovery for overall compensation to a large number of Chinese victims — is the most effective practical solution. This means once the assets (funds) are set aside, Chinese and British law enforcement can later transfer them to China to implement a specific victim compensation plan, which will disburse payouts after verifying victims’ identities and losses. Notably, Chinese victims hoping for a relatively “satisfactory” high payout from Bitcoin’s multi-year price surge under this approach will be disappointed: the proposal’s implied compensation boundary mostly covers actual losses already registered and confirmed by Chinese police.

January 25th: Per EmberCN monitoring, an ETH whale who had borrowed USDT by staking ETH on Spark reduced their position to protect collateral amid a drop in ETH prices. The whale sold 11,190 ETH on OKX for $32.83 million, then withdrew 26.55 million USDT from the exchange to repay part of their loan. Post-reduction, the liquidation price for their ETH-backed borrowing position fell to $2,268 (vs. the current ETH price of $667). They still hold 37,400 ETH staked on Spark (valued at $110 million) securing a $62.57 million loan.

On January 25, the White House’s official X account tweeted: “Thanks to President Trump, the U.S. has become the world’s crypto capital.” Mike Selig, the new chairman of the U.S. Commodity Futures Trading Commission (CFTC), commented: “There’s no better place for startups than the world’s crypto capital. Thanks to President Trump’s leadership, the CFTC is updating its regulatory framework to ensure cryptocurrency and decentralized finance thrive in the United States.”