A whale address opened short positions on BTC, ETH, and other major coins on January 3, and is currently at a $7 million unrealized loss
On January 7, Onchain Lens monitoring data reveals a whale address that previously deposited and sold 255 BTC to HyperLiquid now faces over $7 million in unrealized losses on short positions opened January 3.
The positions span BTC (10x leverage), ETH (15x), SOL (20x), XRP (20x), and STBL (3x), flipping the address’s original $5.5 million profit into a $2.5 million loss.
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Analyst: The crisis of Strategy potentially being removed from the index by MSCI is still up in the air.
**Strategy’s stock climbed nearly 6% in after-hours trading on Tuesday, January 7, after MSCI announced it would temporarily pause its plan to exclude the data analytics (DAT) firm from its index—but analysts warn the threat of exclusion remains unresolved.**
TD Cowen analyst Lance Vitanza noted: “Consistent with our prior analysis, this clearly positive development caught us off guard—and it’s still unclear if this marks a win for the company’s defense or just a temporary hold on the plan.” Per FactSet data, Vitanza rates MSTR stock a “Buy” with a $500 price target.
One of the stock’s most bullish analysts, Benchmark’s Mark Palmer (who holds a “Buy” rating and $705 price target), calls the news a positive shift. “MSCI’s decision has offered a welcome reprieve for Strategy—and the company’s case against being excluded from the index appears to have resonated. That said, MSCI’s ongoing consideration of excluding non-operating firms from its indices means the issue isn’t fully behi
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BlackRock withdrew 3,948 BTC and 1,737 ETH from Coinbase
On January 7th, BlackRock withdrew 3,948 Bitcoin (BTC) valued at $3.6793 billion and 1,737 Ethereum (ETH) valued at $5.65 million from Coinbase over the past 8 hours, per Onchain Lens monitoring.
Over the past two days, the asset manager has cumulatively withdrawn 7,146 BTC (valued at $6.6838 billion) and 6,851 ETH (valued at $21.91 million) from the exchange.
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MSCI has decided not to remove DAT Inc. from the index, MSTR is up 6.58% after hours
On January 7, MSCI announced it will not move forward with its proposal to exclude Digital Asset Treasury Companies (DATCOs) from the MSCI Global Investable Market Index (MSCI Index) in the February 2026 index review.
MSCI intends to launch a broader consultation on how to treat general non-operating companies. This wider review aims to ensure consistency and stay aligned with the MSCI Index’s core goals: measuring operating companies’ performance and excluding entities whose primary activities are fundamentally investment-focused.
Distinguishing between investment firms and other companies (the latter holding non-operating assets like digital assets as part of their core operations—not for investment purposes) will require further study and input from market participants. For example, evaluating these entities’ index eligibility may call for additional inclusion criteria, such as financial statement metrics or other indicators.
Per data from Bitget TradFi, MicroStrategy (MSTR
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Coinbase Review 2025: Included in the S&P 500, Completed Largest Acquisition in History, Fully Accelerated Global Compliance and Product Expansion
### Coinbase’s 2025 Key Developments Review (Jan. 7)
**Highlights from the official recap:**
- Became the first crypto-native firm listed on the S&P 500.
- Completed 10 total acquisitions, including the **industry’s largest-ever** with its purchase of Deribit.
- Set a record for new asset listings; the SEC proactively dropped a lawsuit; U.S. and European regulatory environments improved significantly.
**Business milestones:**
- Launched futures/perpetual contracts, U.S. stock trading, prediction markets, crypto-backed loans, and integrated DEX trading; secured the EU’s MiCA license.
- Institutional custody business hit $300 billion.
- Base network achieved Stage 1 decentralization; stablecoins, payments, and developer ecosystems continued growing.
Coinbase called 2025 a “year of high-intensity delivery” and will enter a new phase in 2026.
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