Columbia Professor Questions NYSE Tokenization Plan: More Like "Vaporware," Serious Lack of Details
On January 22, Columbia Business School professor Omid Malekan publicly pushed back on the New York Stock Exchange’s (NYSE) latest proposed blockchain tokenization plan, bluntly calling it “vaporware” — noting key implementation details are largely missing.
Malekan pointed out the NYSE failed to specify critical specifics: which blockchain the platform will run on, whether it will use a permissioned or permissionless architecture, if a hybrid model is in the cards, and how tokenomics and fee structures will work. Without this core information, he argued the vision comes off as more conceptual marketing than a concrete roadmap.
NYSE and parent firm Intercontinental Exchange (ICE) have previously stated the blockchain platform aims to enable 24/7 trading of stocks and ETFs, instant settlement, multi-chain support, and custody services. But Malekan stressed the NYSE’s business model is fundamentally a highly centralized, oligopolistic structure — and crypto technology alone can’t sh
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Upbit will list HeyElsa (ELSA) with support for the KRW, BTC, and USDT markets
On January 22nd, Upbit announced that HeyElsa (ELSA) will be listed, with support for KRW, BTC, and USDT trading pairs.
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Researcher Warning: Don't Expect Institutions to Push Bitcoin to $150,000
Jan. 22 — Macro researcher and FFTT founder Luke Gromen says institutional investors are unlikely to push Bitcoin from its current ~$90k level to $150k this year without major market catalysts. He notes institutions typically take a wait-and-see approach rather than chasing gains without a clear event-driven trigger.
Gromen identifies key variables as the U.S. “CLARITY Act” progress and whether the Federal Reserve will cut rates further. In extreme scenarios—such as a full-scale trade war or economic recession—Bitcoin could drop to $60k, triggering forced selling by holding companies.
By contrast, CryptoQuant CEO Ki Young Ju says institutional demand remains strong: institutions have accumulated ~577k BTC (roughly $53B) over the past year. Grayscale previously noted institutional participation and regulatory clarity are key drivers for Bitcoin to hit new highs.
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Saga Halts On-Chain Operations After $7 Million Attack Loss, Stablecoin Plunges to $0.75
On January 22, Layer-1 blockchain protocol Saga paused its Ethereum-compatible SagaEVM chainlet hours after suffering an attack that resulted in roughly $7 million in losses. The incident involved unauthorized funds being transferred cross-chain and swapped for ETH, causing the project’s stablecoin, the Saga Dollar, to depeg—dropping to a low of $0.75.
The Saga team noted the chain was paused at block height 6,593,800. Initial investigations indicate the attack involved a series of contract deployments, cross-chain operations, and liquidity withdrawals—but no consensus failures, validator compromises, or key leaks. The mainnet’s overall structure remains secure, per the team.
Beyond the Saga Dollar, its stablecoins Colt and Mustang were also impacted. The team has locked the attacker’s fund addresses and is collaborating with exchanges and cross-chain bridges to blacklist them. The chain will stay paused until a full security audit and post-mortem analysis are completed and discl
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Whale with 0x9311 Prefix Opens New 20x Leverage Long Position on BTC, Holding $11.24M Position Size
Jan 22 — Per HyperInsight monitoring (via Telegram: @HyperInsight), a whale with the wallet address prefix 0x9311 opened a new 20x-leveraged long position on BTC at 13:41 today.
The position totals 125 BTC, equivalent to ~$11.24 million. As of now, it holds an unrealized loss of ~$9,978. Its average entry price is $89,900, with a liquidation price around $83,000.
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The "On-chain Gold Maxi" fully liquidated a PAXG long position at an average price of $4865, with the previous entry price around $4415.
January 22nd — Per the
Coinbob Popular Address Monitor, a "On-chain Gold Max Long" whale on Hyperliquid fully closed its 5x leveraged PAXG long position amid overnight and morning gold price declines that briefly pushed spot gold below $4,800 per ounce.
The whale locked in a total profit of $675,000: its prior position size was ~$7.3 million at an average entry price of $4,415.
Post-closure, the wallet address ramped up long positions in XYZ100 and COPPER. Current position details:
- 10x leveraged XYZ100 (NASDAQ 100 Index perpetual contract) long: Position size expanded from $14.8 million yesterday to $20.56 million; currently showing a floating loss of $36,000 at an average price of $25,443.
- 10x leveraged COPPER (Copper Futures perpetual contract) long: Position size upped from $5.84 million yesterday to $11.6 million; floating loss of $176,000 at an average price of $5.895.
The address holds a total balance ex
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