Shitcoin Surge: MYX Surges Over 61% in 24 Hours
January 4th — Per HTX market data, altcoins posted a broad uptrend, with the following notable moves:
- MYX: Trading at $6.703, up over 61% in the past 24 hours
- CVX: Trading at $2.283, up over 32% in the past 24 hours
- PIPPIN: Trading at $0.472, up over 26% in the past 24 hours
- GUN: Trading at $0.01426, up over 18% in the past 24 hours
- RENDER: Trading at $1.824, up over 17% in the past 24 hours
- PROMPT: Trading at $0.066, up over 15% in the past 24 hours
(Note: Uses concise, market-standard phrasing common in U.S. crypto news, with clear bullet points for readability.)
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Baoshan District People's Procuratorate in Shanghai cracked a virtual currency money laundering case involving a total amount of 1.8 billion RMB
On January 4, the official WeChat account of the Shanghai People’s Procuratorate disclosed a virtual currency-related money laundering case.
The Baoshan District Procuratorate in Shanghai cracked a local underground money laundering ring by seizing and prosecuting suspects. The ring used virtual currency to cross-border transfer illicit funds, with total illicit funds involved reaching 1.8 billion yuan.
In response to complex new-type money laundering crimes involving underground banks and virtual currency, the Baoshan District Procuratorate guided public security organs to trace fund accounts, clarify fund sources and uses, collect electronic data, and conduct accurate, effective prosecutions—fully ensuring the quality and efficiency of case handling.
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A whale is considering a long position after news of Jupiter's decision to halt JUP repurchases, with the current position size at $1.15 million
**January 4th — Per HyperInsight (Telegram: @HyperInsight) monitoring, a new whale address (0x7110) deposited ~$5.5 million into Hyperliquid over the past 24 hours, then opened low-leverage long positions on BTC, SOL, AAVE, and JUP. The total position size now stands at $12.03 million.**
**Notably, the timing of the fund transfer and JUP position opening aligned with news that Jupiter Genesis is considering halting JUP buybacks — suggesting the whale may be betting on long-term JUP upside.**
**Current positions for the address:**
- 3x BTC Long: $8.91M position size, $7,149 unrealized gain, $91,000 average entry price, $62,000 liquidation price
- 3x SOL Long: $1.26M position size, $19,000 unrealized gain, $134.40 average entry price, $90.58 liquidation price
- 3x JUP Long: $1.15M position size, $2,175 unrealized loss, $0.212 average entry price, $0.148 liquidation price
- 3x AAVE Long: $720,000 position size, $5,410 unrealized loss, $164.20 average entry price, $116.10 liq
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Analysis: Market Reaction to Venezuelan Situation May Be Limited, Bitcoin Price Still Holding Strong
On January 4, Cointelegraph reported that Bitcoin (BTC) held firm, stabilizing around $90,000, despite U.S.-Venezuela geopolitical tensions hitting a climax in the early hours of Saturday. The token briefly dipped below $90,000 that day but quickly rebounded above the level.
Market analyst Micha?l van de Poppe noted that BTC is currently trading above its 21-day moving average. Holding above this short-term support level could signal further upside for the token in January.
Notably, BTC has stayed stable amid recent geopolitical unrest—significant because risk assets like Bitcoin typically see sharp declines during geopolitical crises or macroeconomic headwinds.
Jamie Cox, managing partner at Virginia-based Harris Financial Group, said the broader market’s reaction to the Venezuela situation is likely limited, and market-moving news could emerge from Sunday’s OPEC meeting.
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Analysis: BTC Concentration of Holdings Decreasing, Supportive Chip Structure Effective, Rebound Probability Higher Than Continuing to Explore Lows After Fakeout
On Jan. 4, on-chain data analyst Murphy noted:
- As of Jan. 1, 2026, Bitcoin’s (BTC) chip concentration within ±5% of its spot price hit 14.9%—just shy of the high-volatility risk zone. However, it dropped to 14.5% over Jan. 2–3 (instead of rising), while BTC prices edged up slowly.
- Historical data shows: If chip concentration shifts from rising to falling amid BTC price gains, BTC will keep climbing as concentration continues to drop (and vice versa).
URPD data currently indicates:
- 822,000 BTC have accumulated at the $87k level, where bulls and bears are heavily divided. After an intense tug-of-war, the market is gradually settling on a direction. A rightward shift in the URPD volume position will confirm the effective support of the current URPD’s largest volume bar.
Personal take: A reasonable range for BTC lies between $92k and $104k.
Technical indicators:
- The daily candlestick close has held above the downtrend line ($90,588)—triggering the anticipated rebo
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