BAGS Ecosystem Token Faces Widespread Drop, RALPH and GAS Both Down Over 35%

On January 18, a federal judge in California ruled against OpenAI and Microsoft’s motion to dismiss Elon Musk’s lawsuit, clearing the way for a jury trial in April, per U.S. News. Musk’s legal team recently formally sought $134 billion in “unjust enrichment” damages, with expert calculations pegging OpenAI’s alleged unjust enrichment at $655 billion to $1.094 trillion and Microsoft’s at $13 billion to $25.1 billion—totaling roughly $790 billion to $1.34 trillion. Financial economist C. Paul Wazzan has been retained as an expert witness to verify the staggering figures. When Musk co-founded OpenAI in 2015, he provided ~$38 million in seed funding, accounting for 60% of the early seed round. He also claims to have contributed his personal reputation, key connections, and experience scaling companies, asserting “without Musk, there would be no OpenAI.” OpenAI has since transitioned to a for-profit entity valued at around $500 billion, and Musk argues he is owed proportional compensa

As of January 18, alternative data shows the cryptocurrency Fear & Greed Index stands at 49 today — down from 50 yesterday — keeping market sentiment in "Neutral" territory. This marks a full recovery in crypto community sentiment, compared to last week’s average of 29 (indicating "Fear") and last month’s average of 16 (indicating "Extreme Fear"). Note: The Fear & Greed Index ranges from 0 to 100, with the following weighted indicators: Volatility (25%), Market Trading Volume (25%), Social Media Hype (15%), Market Surveys (15%), Bitcoin’s Market Dominance (10%), and Google Trends Analysis (10%).

Per Nansen data, Solana network active addresses hit 27 million over the past week—up 56% from the prior period—with 515 million transactions, leading the pack in both metrics. BNB Chain and Tron trailed closely behind.

BlockBeats reported on Jan. 18 that OKX CEO Star announced the launch of Smart Account—a new trader mode for OKX Web3—aimed at helping users engage in on-chain trading more efficiently and intelligently. The Smart Account integrates key features like Scanner and Tracker, enabling users to spot trading opportunities, track top traders, and manage their trading strategies in real time.

January 18th — According to Bloomberg, Senate Democrats are set to introduce legislation aimed at blocking former President Donald Trump from imposing tariffs on European nations that oppose the U.S. annexation of Greenland. Earlier, Senate Minority Leader Chuck Schumer criticized the proposed tariff move, arguing it would harm the U.S. economy and strain relationships with key allies. Earlier today, Trump posted on Truth Social with the following tariff announcements: - Effective February 1st, a 10% tariff will be levied on all goods exported to the U.S. from Denmark (which oversees Greenland), Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland, citing the Greenland issue. - The tariff rate will rise to 25% on June 1st. - Tariffs will remain in place until an agreement is reached on the “complete purchase of Greenland.”

**Jan 18th Flash Update** PolyMarket trader beachboy4 has notched a 40-game winning streak in sports predictions, raking in **$5.6 million total (including unrealized gains)** over the past 24 hours. His recent big wins include: - **Premier League (Jan 17): Tottenham vs West Ham** Wagered $3.32M on West Ham victory → $3.48M profit. - **Premier League (Jan 17): Sunderland vs Crystal Palace** Staked $1.29M on Sunderland win → $1.86M profit. - **FA Cup (Jan 14): Chelsea vs Arsenal** Bet $1.08M on Arsenal victory → $1M profit. *Note: All figures reflect settled profits from successful wagers.*