Democratic Lawmakers Set to Introduce Bill Banning Government Official Trading on Inside Information via Prediction Markets This Week

On January 7th, per HTX market data, Bitcoin has fallen below $92,000, currently trading at $91,874 with a 24-hour drop of 1.79%.

As of January 7th, per **HyperInsight** monitoring (via https://t.me/HyperInsight), a whale wallet (0x49c8e) is bullish on the market—they opened a new ETH long position today. Here’s their current holdings breakdown: - **Long 50.21 BTC** (40x leverage): Entry = $91,932.4; Unrealized profit = $9,000 - **Long 1912.22 ETH** (25x leverage): Entry = $3,247.31; Unrealized loss = $35,600 - **Long 726M kPEPE** (10x leverage): Entry = $0.005735; Unrealized profit = $775,000 (Note: "kPEPE" is retained as the token symbol; leverage/entry/unrealized P&L are formatted for U.S. English clarity.)

As of January 7th, monitoring data from onchainschool.pro indicates $4.1M worth of WLFI tokens were transferred to Binance 6 hours ago. These tokens had previously been withdrawn from the WLFI strategic reserve wallet prior to being sent to the centralized exchange (CEX). The last similar fund outflow from this wallet occurred three weeks ago.

Jan. 7 (CoinDesk) — London-based digital asset hedge fund Karatage has named Shane O’Callaghan as Senior Partner and Head of Institutional Strategy. O’Callaghan previously served as Global Head of Institutional Partnerships and Digital Asset Sales at Dutch market maker IMC Trading. He also held roles at Portofino Technologies and BlockFi. Founded in 2017, Karatage specializes in investments across digital assets, crypto funds, and blockchain-related companies. Karatage CEO Marius Barnett noted the hire will enable the firm to “execute a more sophisticated strategy and scale faster.”

On January 7, Daniel Li—founder of Liquid Capital (formerly LD Capital)—posted: “2026 marks the first year of on-chain finance. Stablecoins and Ethereum are the most critical infrastructure. WLFI swapped BTC for ETH today, aligning with this vision.” WLFI has three key future trajectories: 1. USD1 will soon surpass $1 billion, hit $1 trillion mid-term, and secure a stable $1 trillion share of the $30 trillion stablecoin market long-term. 2. USD1 will partner with Web2 companies boasting billions of active users; its stablecoin payment advantages far outpace traditional Visa, driving billions of users into blockchain and stablecoins. 3. In the future multi-trillion-dollar on-chain finance market, USD1 will leverage its brand, compliance, B2B, and user strengths to become one of the most critical infrastructure players. This is the reasoning behind Liquid Capital’s heavy ETH holdings and substantial WLFI position.

As of January 7th, HyperInsight monitoring shows the "PEPE Max Short" whale on the Hyperliquid platform currently holds a 3x-leveraged short position of 1,246,664,886 kPEPE (≈$8.54 million), with an unrealized P&L of -$133,000 on the token.