Galaxy is planning to launch a $100 million hedge fund designed to profit from cryptocurrency price fluctuations.

On January 21st, HyperInsight monitoring (via its Telegram channel @HyperInsight) reported a whale closed a 321.91 BTC long position at 14:45, incurring a $25,000 loss. The whale still holds a 3x leveraged long position of 638,200 LIT tokens, with an average entry price of $1.89 and an unrealized loss of $172,600.

On January 21st, crypto card infrastructure firm Rain closed a $250 million Series C funding round this month—with a valuation approaching $20 billion—sparking rapid competition in the crypto payments space over how stablecoins are actually used. Data from research firm Artemis shows crypto card payments are expanding at a 106% annualized rate, with annualized transaction volume hitting $18 billion—nearly matching the ~$19 billion in stablecoin peer-to-peer (P2P) transfers. Artemis analyst Patrick Kim forecasts crypto cards will become stablecoins’ top retail payment use case by year-end. Right now, this “payment stack battle” is playing out along three key paths: **First: Full-stack issuance model** Rain and Hong Kong-based Reap—by becoming Visa principal members—integrate end-to-end infrastructure (issuance, settlement, etc.) to bypass traditional banking systems. Rain reports its card user base has grown 30x year-over-year (YoY), payment volume is up 38x, and the platform

On January 21, per HTX market data, Bitcoin has rebounded to surpass $90,000, last trading at $90,028.