A certain newly created address bought 250,000 U at yesterday's high of 「114514」, and is now experiencing a unrealized loss of 86%.

### Chinese Police Extradite Chen Zhi, Transnational Fraud Ring Leader, From Cambodia On January 7, a working group from China’s Ministry of Public Security (MPS) successfully extradited Chen Zhi—a Chinese national and leader of a major transnational gambling and fraud group—from Phnom Penh, Cambodia, back to China. Details of the extradition scene on January 8 have since emerged. Investigations show Chen’s criminal group is suspected of operating casinos, fraud, illegal business activities, and money laundering (concealing and disguising criminal proceeds). Chen has been detained in accordance with Chinese law, and the case remains under further investigation. An MPS official stated that Chinese public security agencies will soon issue a wanted list for the group’s core members and will resolutely pursue all fugitives. Chen, founder of the Cambodia-based telecom fraud syndicate Prince Group, was born December 16, 1987, in Lianjiang County, Fuzhou City, Fujian Province, China.

January 8 – Per monitoring from HyperInsight, the "Firm Short ZEC" whale added to its ZEC short position today, now holding a 2x leveraged short of 5,000 ZEC (≈$2.01 million). The average entry price is $499.32, with an unrealized profit of $490,000. Previously, this address has executed seven ZEC short positions (no long positions) and accumulated a total loss of $508,000.

On January 8, monitoring from HyperInsight (via its Telegram channel @HyperInsight) shows the “Firm Short ZEC” whale has continued adding to its ZEC short positions today. Currently, the whale holds a 2x leveraged short position of 5,000 ZEC (valued at approximately $2.01 million), with an average entry price of $499.32 and an unrealized profit of $490,000. Previously, this address has executed seven ZEC short trades with no long positions, accumulating a total loss of $508,000.

On January 8, 2026, BitMine — Ethereum’s largest holder — revealed it had spent $105 million to acquire ETH in the first eight days of the year. Notably, the firm retains a $915 million cash reserve earmarked for potential additional ETH purchases. BitMine is advancing toward its strategic goal of accumulating 5% of Ethereum’s circulating supply. Per data from StrategicEthReserve, BitMine currently holds 4.07 million ETH (valued at $12.6 billion), representing 3.36% of the total ETH supply. The company has also staked 908,192 ETH, worth roughly $2.95 billion.

On January 8th, per GMGN monitoring data, **"Here Comes My Horse" (HCMH)** saw a sharp price surge following its launch on Binance Alpha at 3:00 PM ET today. Concurrently, the price of the **"Success Is Coming" (SIC)** token plunged nearly 30%, hitting a low of $0.001. It has since rebounded to around $0.0012, with a market cap of approximately $1.22 million. Additionally, over the past 24 hours: - Addresses ranked 4th and 5th on HCMH’s buy leaderboard (0x443, 0xf88) - The 6th-ranked address on SIC’s sell leaderboard (0xad8) All executed token swaps during HCMH’s Alpha phase or earlier. Notably, address 0xad8 swapped part of its SIC position for HCMH, then purchased ~1.66 million HCMH tokens at a peak price of $0.0057. The current position now faces an unrealized loss of roughly 26%.

On January 8, the U.S. Securities and Exchange Commission (SEC) extended the deadline for its decision on a rule change proposal from Nasdaq ISE. The proposal aims to raise position and exercise limits for iShares Bitcoin Trust (IBIT) options from the current 250,000 contracts to 1,000,000 contracts. The SEC pushed the decision deadline to February 24, 2026, to allow sufficient time to review the market impact of the significant expansion of these limits.