U.S. Treasury Secretary: Market Downturn Due to Unusual Volatility in Japanese Bond Market, Unrelated to Greenland Issue

January 21st – Per monitoring by Farside Investors, total net outflows from U.S. Bitcoin spot ETFs yesterday hit $479.7 million, with breakdowns below: - BlackRock’s IBIT: -$69M - Fidelity’s FBTC: -$152.1M - Bitwise’s BITB: -$40.4M - ARK’s ARKB: -$46.4M - Franklin’s EZBC: -$10.4M - VanEck’s HODL: -$12.7M - Grayscale’s GBTC: -$160.8M

On January 21st, leveraged prediction market Space unveiled its public sale allocation process, having raised over $20 million total. $14 million of the funds has been allocated, while $6 million will be returned to participants the same day. For those who received full or partial allocations, distributions will be based on a settlement price of $0.069 (equivalent to a $69 million Fully Diluted Valuation, FDV). Partial refunds will hit specified wallet addresses on Wednesday, January 21st. Details on claiming and the Token Generation Event (TGE) will be announced at a later date.

On January 21, the official Mad Lads NFT collection (backed by Backpack) issued a social media statement addressing excessive prior hype around the series—and clarified that holders will **never** receive a Backpack airdrop. “Not now, not ever, and we will not hint at it in any way,” the statement read. It emphasized Mad Lads’ unshakable core spirit: culture and ownership far outweigh any airdrop, urging holders to avoid falling for external hype. Per Magic Eden data, the collection’s current floor price is 23.36 SOL, with 24-hour trading volume at 936 SOL and total market cap of $28.2 million. Notably, the floor price hit an all-time high of ~229.4 SOL on December 9, 2023—its current value is nearly 90% below that peak when measured in SOL.

**January 21st** Driven by gold’s ongoing strength—with the metal breaking above $4890 per ounce to notch a new all-time high today—Hyperliquid whales holding long positions in PAXG (on-chain gold) have racked up substantial unrealized gains. Among them, the whale tagged as the “largest on-chain gold long” closed a portion of its 5x leveraged PAXG longs to lock in profits over the past few hours, netting ~$330,000. After trimming those positions, the whale’s PAXG long size shrank from $7.3 million to $3.58 million (average entry: $4415). It still holds an unrealized gain of ~$350,000 (36% return) and remains the top PAXG long holder on-chain. Its other key positions: - 10x leveraged XYZ100 (Nasdaq 100 futures) long: ~$14.8M size, $290k unrealized loss (avg: $25,530) - 10x leveraged COPPER (copper futures) long: ~$5.84M size, $46k unrealized loss (avg: $5.887)

January 21st, per data from the Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN), here’s the latest on key crypto whale accounts: - **BTC OG Insider Whale**: Switched from profit to loss, with ~$47M in floating losses. Its core holding is an ETH long (~$663M, avg price $3,161, -32% = $42.4M loss). Also holds BTC/SOL longs. Total holdings ~$817M; withdrew >$97M this week. Now the top ETH/SOL long on Hyperliquid. - **CZ Counterparty**: Overall floating loss of $28.3M. Primary hit from an XRP long (~$74M, $15M loss). ETH long: ~$169M, avg $3,190, $12.62M loss. Total holdings ~$264M; withdrew >$31.34M this week. Largest XRP long on Hyperliquid. - **“Buddy” Huang Licheng**: ETH long got repeatedly liquidated during yesterday’s downturn, total loss $2.549M. Withdrew $4.258M this week; current account <$100k. Now holds a 25x leveraged ETH long (avg $2,945, liquidation $2,907, $30k unrealized gain). - **pension-usdt.eth**: 3x leveraged BTC long opened Jan 16: ~$89M h

**LookOnChain Data: UNI Whale 0x9671 Swaps Tokens Amid Market Downturn** On January 21, monitoring by LookOnChain reveals: - Five days earlier, whale address 0x9671 sold 798,734 UNI tokens for ~$4.26 million (at $5.33 per token). - Five hours prior, the same address repurchased 757,684 UNI tokens for ~$3.66 million (at $4.83 per token) following today’s market downturn.