In the past week, the TVL of the "100ETH" pool on Tornado Cash has decreased by 40%, with over 120,000 ETH being moved.
On January 11, crypto analyst Cryptosolv reported that the Total Value Locked (TVL) of the "100 ETH" pool on Tornado Cash has dropped 40% over the past week, with 120,600 ETH transferred out.
In response, Onchain Lens noted that the associated address belongs to crypto developer Richard Heart, and the wallet may be linked to his new project ProveX. Over the past four months, Heart has transferred 162,937 ETH via Tornado Cash.
Public information shows ProveX aims to enable fully trustless, peer-to-peer (P2P) cryptocurrency transactions and settlements using Zero-Knowledge Proofs technology.
8 minutes ago
Robinhood: Built its Own L2 on Ethereum Due to Security and Liquidity Concerns
On January 11th, Johann Kerbrat—Robinhood’s Head of Cryptocurrency—said the firm chose to build an Ethereum Layer-2 network based on Arbitrum instead of launching a standalone Layer-1. The primary reason? To directly leverage Ethereum’s security, decentralization, and EVM ecosystem liquidity, allowing Robinhood to focus on core products like stock tokenization.
Robinhood’s proprietary Layer-2 is currently in a private testnet phase, with tokenized stocks already deployed on Arbitrum One. Going forward, assets and liquidity can be seamlessly migrated to the new chain once it launches. To date, the number of Robinhood’s tokenized stocks has grown from roughly 200 to over 2,000. (CoinDesk)
8 minutes ago
Iran's Revolutionary Guard Corps Transfers About $1 Billion Through UK Crypto Exchange
On January 11, blockchain analytics firm TRM Labs reported that Iran’s Islamic Revolutionary Guard Corps (IRGC) has moved roughly $1 billion via two UK-registered crypto exchanges—Zedcex and Zedxion—since 2023 to evade international sanctions.
IRGC-linked transactions accounted for 56% of total volume on the two platforms from 2023 to 2025, primarily using USDT on the Tron network. The funds grew from around $24 million in 2023 to $619 million in 2024, then $410 million in 2025.
The exchanges claim to comply with anti-money laundering (AML) regulations but did not respond to requests for comment, per The Block.
8 minutes ago
StarkNet Outage Incident Report: State Conflict Between Execution Layer and Proof Layer Resulted in Approximately 18 Minutes of On-chain Activity Rollback
On January 11, Ethereum Layer 2 network Starknet released a post-incident analysis report for Monday’s brief mainnet outage.
The incident stemmed from a state inconsistency between its execution layer (blockifier) and proof layer: under specific combinations of cross-function calls and rollbacks, the execution layer incorrectly logged state changes that had already been rolled back—leading to transaction execution failures. Affected transactions did not receive L1 finality confirmation.
This event triggered a chain reorganization, rolling back roughly 18 minutes of on-chain activity.
It marks the second major disruption for Starknet since 2025: the prior September outage lasted over 5 hours due to a sequencer bug, rolling back about 1 hour of on-chain activity.
8 minutes ago
US Media: Trump Receives Briefing on Potential Iran Strike but Has Not Made Final Decision
January 11 – Multiple U.S. officials familiar with the matter told The New York Times that as Iran’s domestic protests unfold, President Trump recently received a briefing on a new military strike plan against Iran and is weighing following through on his earlier threats to target the country.
The report notes Trump has not made a final decision, but officials say he is seriously considering authorizing the strike. He has been presented with a range of options, including targeting non-military sites in Iran.
8 minutes ago