Meta's Metaverse Vision Faces Major Strategic Retreat, Reality Labs to Lay Off Over 1,000 People
**January 14**
Meta rolled out its latest 2026 layoffs this week, targeting its Reality Labs division (home to VR/AR hardware and the metaverse project) — a clear strategic retreat from Mark Zuckerberg’s "metaverse" vision he’s championed aggressively since 2014, Fox Business reports.
The cuts will trim 10% of Reality Labs’ workforce — over 1,000 roles total — with affected employees starting to receive notifications Tuesday.
Meta is shifting focus from metaverse products to wearables, specifically AI smart glasses. Reality Labs has long struggled with profitability: it’s racked up more than $70 billion in operating losses since 2021, including a $4.4 billion deficit in Q3 2025 alone.
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Chinese Meme Coins Show Divergent Trends as Market Recovers: "Binance Life" Surges 45%, While Popular coins like "Life Candlestick" See 40% Pullback
On January 14, per GMGN monitoring, the broader market rebounded today, though Chinese meme coins posted stark performance divergence.
The BSC-based meme coin “Binance Life” surged 45% in the past 24 hours, with a market cap of $260 million and a current price of roughly $0.26. In contrast, several Chinese meme coins that rallied sharply in recent days failed to follow the broader market trend, instead posting a broad decline—nearly 40% down over the past 24 hours. Key details are as follows:
- “I Stepped on the Horse”: 39% 24-hour drop, $16.9 million market cap, current price ~$0.0169
- “Daddy”: 39% 24-hour gain, $7.9 million market cap, current price ~$0.0079
- “Life Candlestick”: 46% 24-hour drop, $7.65 million market cap, current price ~$0.0076
BlockBeats notes that meme coin trading is highly volatile, heavily tied to market sentiment and hype, with no underlying value or utility. Investors should be mindful of these risks.
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「Raging Bull Advocate」 liquidated a long position of 250 BTC, incurring a loss of $104,000
On January 14, per HyperInsight monitoring, the "aggressive long-focused trader" (address 0x3bcae) liquidated a 250 BTC long position at 14:02, incurring a $104,000 loss.
**Current Positions**:
- 10x leveraged long: 2,492,537,310 PUMP tokens (entry price $0.0024); unrealized profit = $790,000
- 10x leveraged long: 15,285,248.7 FARTCOIN tokens (entry price $0.3733); unrealized profit = $665,000
- 10x leveraged long: 100,000 LTC (entry price $76.83); unrealized profit = $135,000
The address launched perpetual contract trading on January 11, focusing on a high-frequency leveraged long strategy. Its total net profit to date stands at $1.64 million.
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ANZ Bank Expects Gold Trading Price to Exceed $5000/oz in 2026
On January 14, Daniel Hynes—Senior Commodity Strategist at ANZ Bank—stated that gold and silver’s outlook remains bullish for 2026 following a strong 2025 performance. Renewed geopolitical tensions, concerns over the Federal Reserve’s independence, and a lack of U.S. fiscal discipline are expected to keep driving fund flows into gold. For silver, worsening physical supply tightness is amplifying price volatility.
Hynes noted that confirmation of U.S. import tariff exemptions would ease supply pressure, but supply-demand imbalances and robust industrial demand will still provide solid price support. ANZ Bank forecasts gold will break above $5,000 per ounce in the second half of the year. (Source: FX678)
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Bitcoin Advocates Urge Congress to Expand Transaction Tax Exemption to BTC and Major Network Tokens
January 14th — The Bitcoin Policy Institute and several other Bitcoin advocacy groups recently sent a joint letter to top U.S. tax officials, calling for an expansion of the de minimis exemption to include Bitcoin and major network tokens (not just stablecoins).
The coalition proposed two key measures:
1. Classifying stablecoins meeting the GENIUS standard as cash-equivalent;
2. Setting a $250 billion market cap threshold for eligible network tokens, alongside a $600 per-transaction limit and a $20,000 annual cap.
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