BitMine still holds a $9.15 billion cash reserve, available for further ETH purchases
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.
8 minutes ago
"Instant Success" experienced a sudden drop of over 30%, leading some traders to switch to "Here I Come on a Horse" positions.
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%.
8 minutes ago
SEC Delays Decision on IBIT Option Position and Exercise Contract Limit
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.
8 minutes ago
「Strategy Opposition Trade」 BTC Short Turned Loss into Gain, Unrealized Gain of $2.1 Million
On January 8th, per monitoring from HyperInsight (via
their Telegram channel), Bitcoin’s ongoing decline allowed the largest BTC bear whale (wallet 0x94d37) on Hyperliquid (link:
app.hyperliquid.xyz/join/NTOD) to turn a BTC short position from loss to profit.
Currently, the whale holds a 10x-leveraged short of 1599.61 BTC (valued at ~$144 million), with an average entry price of $91,331.6 and an unrealized profit of $2.1 million.
Additionally, the whale maintains high-leverage short positions on 6 altcoins—all of which are currently in unrealized profit.
8 minutes ago
South Korea to Require Stablecoin Issuers to be Bank-Controlled, With Paid-in Capital of at Least KRW 5 Billion
January 8
South Korea’s plan to let banks issue won-backed stablecoins has faced lawmaker pushback, highlighting divisions between the ruling Democratic Party, financial regulators, and the central bank.
The country’s Financial Services Commission (FSC) has now reversed course to back the Bank of Korea (BOK)’s proposal, which restricts stablecoin issuance to only bank-led consortia with majority stakes. Under the proposed amendment:
- Stablecoins may be issued by consortia where a bank holds a majority stake, but the bank must retain overall majority control (over 50% ownership).
- Tech firms can be the single largest shareholder, but their stake must remain less than the bank’s total ownership.
The proposal will impose stricter rules on crypto exchanges, including:
- Higher IT stability standards
- Mandatory loss compensation for hacks
- Fines up to 10% of annual revenue
Stablecoin issuers will need at least 50 billion South Korean won (≈$3.7 million) in paid-in
8 minutes ago
HabitTrade Completes Nearly $10 Million Series A Funding Round, Led by Newborn Town Inc.
On January 8, HabitTrade—a platform focused on stock tokenization, settlement, and issuance—closed a nearly $10 million Series A funding round.
The round was led by Newborn Town Inc., with participation from Bright Venture Capital and StableStock.
Proceeds from the financing will be allocated to expanding the company’s brokerage services, strengthening regulatory compliance, and accelerating its international expansion.
Founded in 2021, HabitTrade aims to bridge traditional assets with the digital asset market, offering an end-to-end brokerage solution covering trading, settlement, and custody. It supports offshore financial asset settlement via stablecoins and advances the tokenization, issuance, and settlement of real-world asset (RWA) stocks.
8 minutes ago
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