Ethereum Drops Below $3000

**Jan. 22 – Binance founder Changpeng Zhao (CZ) spoke Tuesday at the “Financial New Era” panel during the World Economic Forum in Davos, sharing key insights on crypto, banking, and regulation:** - **Crypto’s future focus**: Exchanges and stablecoins already have large-scale validation, with three promising directions: national-level asset tokenization, crypto as an “invisible” underlying payment channel, and AI agents using crypto as their native currency for autonomous trading. - **Banking industry shift**: Banks’ core risk stems from the fractional reserve system. Physical branches will shrink sharply over the next 10 years as consumers increasingly skip in-person visits. ING led the push for online banking, and crypto tech + electronic KYC are accelerating this transformation—banks remain critical, but their industry form is being redefined. - **Meme tokens’ outlook**: Meme tokens are highly risky and speculative (similar to past NFTs and the Metaverse). While Dogecoin (with

On January 22, HyperInsight monitoring shows trader address 0x61cee opened a 20x long position at 17:02, deploying 2,996.01 ETH with an average entry price of $3,005.44 — the position is currently slightly profitable. Separately, the same address holds a 20x short position on xyz:SILVER (pegged to silver prices), with an average entry price of $89.71 and an unrealized loss of $1.004 million per coin.

January 22nd — Per data from Coinbob Popular Address Monitor, Taiwanese artist Huang Licheng (known as “Brother”) used roughly $100,000 in floating profit from his ETH long position to add to the position again. Following this move, the total value of his 25x leveraged ETH long position has climbed to $10.1 million, with an average entry price of $2974 and a liquidation price of $2942. Over the past week, he’s faced successive large liquidations, shrinking his account balance from a peak of $4.3 million to less than $100,000. On January 21st, he transferred about $420,000 to Hyperliquid and opened an ETH long position at approximately $2942. Huang, who gained early recognition for holding BAYC, has traded actively on Hyperliquid since August 2025, favoring tokens like HYPE and ETH. Recently, his trades have been marred by frequent mistakes: he’s endured over 70 liquidations in one month, with accumulated losses exceeding $16 million.

Binance will launch SKR perpetual contracts on January 22, per official sources.

As of January 22, monitoring by HyperInsight (via https://t.me/HyperInsight) shows that over the past hour, a whale address starting with 0x61c has opened a 20x leveraged long position on ETH with a position size of $9 million at an average entry price of $3,005. Currently, the address still holds around 100 buy orders in the $2,960-$2,980 range, totaling approximately $11 million. Earlier today, the same address deposited $5.106 million to Hyperliquid before opening a $36.27 million long position on BTC and $36.87 million in short positions on ETH, SOL, and AVAX. The total value of long and short positions is roughly equal, with an overall position size of $73.15 million. The ETH short position was closed at breakeven at 2:00 PM today.

On January 22nd, GMGN monitoring data shows that RALPH—a popular meme coin in the BAGS ecosystem—hit a peak market cap of $59 million today before plummeting over 80% in the past two hours. Its current market cap stands at $9.9 million. BlockBeats reminds users that meme coin trading is highly volatile, often driven by market sentiment and hype, and lacks actual value or use cases. Investors should be aware of the associated risks.