A whale address has transferred 500,000 LINK to a GSR-associated Binance deposit address

On January 6, on-chain analyst Chain Wen reported that Ethereum’s Proof-of-Stake (PoS) staking withdrawal queue has been cleared—meaning no one is currently opting to unstake their ETH temporarily. For the staking queue, Bitmine’s large-scale deposits (768,000 ETH in the past 10 days) have pushed the total amount of ETH waiting to be staked to over 1.186 million ETH.

On January 6, Onchain Lens monitoring indicates a newly created wallet deposited 5 million USDC into HyperLiquid, opened 5x long positions on LINK and 10x long positions on DOGE, with a total position value of $28.2 million. Current unrealized losses are approximately $600,000.

On January 6th, on-chain data indicates Lighter has begun using protocol-generated fees to repurchase LIT. The Lighter Treasury account currently holds ~180,493 LIT from its buybacks, worth roughly $540,000.

NVIDIA announced on January 6 that its highly anticipated Rubin data center product will launch later this year, letting customers test the technology to accelerate AI development. All six Rubin chips have been delivered by manufacturing partners and passed multiple key tests, indicating customer deployment progress is on track as planned. The latest Rubin accelerator delivers 3.5x better training performance than the prior-gen Blackwell and speeds up AI software operations by 5x. The company noted Rubin-based systems will have lower operating costs than Blackwell-based ones, as they deliver equivalent performance with fewer components. Microsoft and other top cloud service providers will be the first to roll out the new hardware in H2 2024.

January 6: Bitmine has restaked 186,336 ETH (valued at $6.045 billion) per Onchain Lens monitoring. The firm’s total staked ETH now stands at 779,488, with an aggregate value of $25.2 billion.

January 6th — Per The Block, investment bank TD Cowen has noted that the U.S. legislative process to establish clear cryptocurrency market rules may take longer than expected, with relevant legislation potentially passing as late as 2027 and actual implementation delayed until 2029. In a report released Monday, TD Cowen pointed out that while there remains a path to advance crypto market structure legislation this year, political maneuvering in Congress makes an extension more likely. The firm believes Democrats currently lack incentive to fast-track the bill, particularly as they eye regaining control of the House of Representatives in the 2026 midterm elections. It also noted that election outcomes are always uncertain, so Democrats could reach an agreement quickly — staffers have been vetting technical terms for months, and timing favors the bill’s passage. If the legislation passes in 2027 and takes effect in 2029, the issue would be resolved. The crypto industry must accept