A certain whale in the DeFi space dumped 3000 WETH this morning, previously holding a $2.87 million unrealized gain but did not take profits.

Jan 21: A newly created wallet labeled 0xFFE withdrew 41.87 million ONDO (≈$14.34 million) from Coinbase 20 hours ago, per monitoring by The Data Nerd.

On January 21st, on-chain analyst Ai Auntie (@ai_9684xtpa) noted that over the past 8 hours of ETH’s pullback, whale address 0xFB7…5e0A3 opened a 20,000 ETH long position via Wintermute and FalxonX—valued at $59.4 million, with an average entry price of ~$2970. Just two days prior, the same address took profits at a higher level, netting $1.51 million. To date, this whale has amassed $98.18 million in total profits from ETH swing trades.

On January 21, Galaxy Digital CEO Mike Novogratz took to social media to note that the yield mechanism issue in the stablecoin bill is highly contentious and could easily derail the entire legislation—once again, politics are taking precedence over sound policy. Banking institutions are pushing back against crypto platforms offering yield rewards to users (even though the GENIUS Bill explicitly permits this practice). If the bill fails to pass, their real fear is likely the disruption of the current market landscape. Should this issue lead to the shelving of the market structure bill, accountability will extend broadly—but primary responsibility will undoubtedly fall on the banking industry and the Republican and Democratic senators who back them. The biggest loser? American consumers. Here’s hoping reason prevails in the end. **BlockBeats Note**: Whether stablecoins can offer yield to holders is the most divisive point between the traditional banking sector and the crypto ind

Jan. 21 — Per monitoring from HyperInsight (https://t.me/HyperInsight), Bitcoin fell below $88,000 this morning, leaving the leveraged whale address “pension-usdt.eth” with a $6.54 million floating loss on its 3x leveraged BTC long position. The whale holds 1,000 BTC (valued at ~$91.53 million) in the position, with an average entry price of $95,614.50. On Jan. 16, “pension-usdt.eth” took profits to close its ETH long position and immediately opened the BTC long position afterward.

On January 21, a proposal from World Liberty Fi (WLFI)—the crypto project tied to the Trump family, submitted late in 2025—has sparked controversy in the crypto community. The proposal calls for using 5% of funds unlocked from WLFI’s treasury to boost the value of its USD1 stablecoin. It was initially rejected by a majority of voters after reaching quorum, until the project team and its partners pushed to reverse the outcome. Crypto influencer DeFi^2 noted that Bubble Maps data shows most wallets with top votes in the proposal are controlled by the WLFI team or strategic partners, indicating clear vote manipulation. Per the data, the WLFI team holds 33.5% of the total token supply, strategic partners hold an additional 5.85%, and public sale participants only account for 20%. WLFI token holders have no right to allocate protocol revenue, per the project’s whitepaper: 75% of such revenue goes to the Trump family, while 25% goes to the Wietkoff family. Critics argue the proposal