Bitcoin Surges to Break $94,000 in Short Rally

On Jan 7, Nasdaq-listed AIxCrypto (AIXC) announced plans to invest $10 million in Faraday Future through common stock purchases. The shares will serve as the underlying asset for the company’s first tokenized equity product. AIxCrypto—formerly known as QLGN—rebranded in November of last year, transitioning to a crypto and Web3 business platform focused on tokenized stock real-world asset (RWA) operations.

On January 7, Flow released an attack retrospective report, noting attackers exploited a Flow Network vulnerability to mint fake tokens and steal roughly $3.9 million via a bridging attack. The incident did not access or leak existing user balances—assets were duplicated but legitimate holdings remained untouched. Most fake assets were either stored on-chain before liquidation or frozen by exchange partners. Network validators approved a decentralized governance action to permanently destroy all fake assets. The network resumed operations on December 29, runs smoothly now, and all transaction history is preserved. Attackers deployed over 40 malicious smart contracts using a three-stage chain: 1) bypassing attachment import verification; 2) circumventing built-in type defense checks; 3) exploiting a contract initializer semantic vulnerability. **The root cause was a type confusion flaw in the Cadence runtime (v1.8.8), now patched in v1.8.9+. This flaw let attackers disgui

On January 7th, CryptoQuant analyst caueconomy noted in a post that while Bitcoin’s price has rebounded above $93,000, on-chain demand remains weak—requiring a stronger recovery to push it back to $100,000. Market sentiment is still mixed, and trading volumes are low; clear signs of improved on-chain activity have yet to materialize. That said, now that the holidays are over (a time when many investors scaled back trading), this could shift now.

On January 7, LookOnChain data shows three wallets—likely controlled by the same crypto whale—have accumulated 3,000 BTC (valued at $280 million) in the past 10 hours.

On January 7th, the Coinbob Popular Address Monitor reported that the whale address tagged “Shanzhai Air Force Leader” has recently been ramping up its BTC short position. The short position totals roughly $839,000, with an average entry price of $92,490.80. Short positions make up 90% of the address’s perpetual contract holdings. Additionally, the address holds approximately $14.158 million in LIT, $8.3 million in HYPE, $4.9 million in ETH, and other assets. In total, the address holds positions in 20 tokens, with an overall account value of around $28 million. Its cumulative profit across the entire cycle has exceeded $78.025 million.

Jan 7 — Per Bitget market data, Japan’s 30-year government bond yield surged to 3.52%, hitting a fresh all-time high.