BitMine expects Ethereum Staking to Generate $400 Million in Revenue, Investment in MrBeast Could Lead to 10x Returns

On January 16, crypto reporter Eleanor Terrett noted: “After the U.S. Senate Banking Committee canceled the CLARITY Act amendment hearing, industry participants, legislators, and committee staff have had time to process yesterday’s events and potential next steps. Still, many remain angry over how the situation was handled yesterday.” Some industry insiders and contacted Banking Committee staff agree the situation isn’t entirely without hope. If relevant parties—banks, Coinbase, and Democratic lawmakers—can strike a deal on the yield issue in the coming days, the bill will likely move forward. Regarding tokenized securities (tied to ongoing SEC and CFTC research and a potential notice-and-comment period), two factors mean this is no longer a top concern: 1. Tokenization firms now say the provisions Coinbase had flagged were taken out of context. 2. Some stakeholders—including Coinbase CEO Brian Armstrong—have expressed hope the provisions will see major revisions or be scra

On Jan 16, data from Coinbob Popular Address Tracker (https://t.me/Coinbob_track_CN) shows: Over the past 2 hours, the address "pension-usdt.eth" fully closed its ETH long position, realizing a profit of ~$740,000. It then switched to longing BTC with 3x leverage, currently holding a position worth $69 million at an average entry price of $95,600. As of press time, it’s still actively adding to the position — based on its position trend over recent months, the size may yet exceed $80 million. Monitoring indicates this whale’s strategy focuses on low leverage and short holding periods (average ~23 hours), with BTC and ETH as its main targets. Since October, it has accumulated over $21 million in total profits. The address has recently been transferring substantial profits from Hyperliquid to yield markets; its total borrowings on AAVE now stand at ~$26.71 million.

January 16 – Per Bitget market data, U.S. stocks closed higher on Thursday: the Dow rose 0.6%, the S&P 500 gained 0.26%, and the Nasdaq Composite added 0.25%. The crypto sector saw a broad decline, with Circle (CRCL) down 9.67%, Robinhood (HOOD) 7.79%, Coinbase (COIN) 6.48%, Bitmine (BMNR) 5.48%, and MicroStrategy (MSTR) 4.7%.

On January 16, Onchain Lens data indicates that over the past two days, a whale swapped 363 BTC (valued at $34 million) for 10,390.5 ETH at an average price of $3,273.

As of January 16, the cryptocurrency Fear & Greed Index stands at 49 (down from 61 yesterday), shifting market sentiment from "Greed" to "Neutral," per alternative data.

Note: The index ranges from 0 to 100, incorporating these indicators: Volatility (25%), Market Volume (25%), Social Media Hype (15%), Market Surveys (15%), Bitcoin Dominance (10%), and Google Trends (10%).

On January 16, ARK Invest founder Cathie Wood took to social media to post: "The next three years could bring a 'more robust iteration of Reaganomics,' potentially ushering in another golden age for the U.S. stock market. Looking back at the early years of my career, I recall deregulation, tax cuts, sound monetary policy, and 'peace through strength'—policies that drove a sharp strengthening of the U.S. dollar and, in turn, suppressed gold prices."