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CZ: I no longer have the drive to start new projects, now my main focus is on making investments

3 hours ago

Jan. 23 — Binance founder Changpeng Zhao (CZ) took part in the World Economic Forum’s “New Financial Era” panel in Davos yesterday. Following a series of identity shifts in recent years, CZ acknowledged: “I no longer have the urge to launch new projects. Starting a business is exhausting, and I’ve been through that once — I can’t do it again right now. So my focus is primarily on investing these days.” On industry trends, CZ noted that based on his observations and data, over the past year, the entire crypto industry has expanded, gained more visibility, attracted more participants, and seen mainstream traditional financial firms accelerating their entry — all amid a shift in former President Trump’s stance.
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"The 'ZEC Maximalist Short' took profit on the ETH short position, realizing about $3.13 million in gains, and allocated some of the funds to a long position on DASH."

On January 23, monitoring data from HyperInsight (via its Telegram channel @HyperInsight) shows the address holding the "largest ZEC short position" (0xd475...) partially closed its ETH short to lock in profits. It reduced its ETH short by 956.37 ETH—worth roughly $3.13 million. After the cut, the address’s remaining ETH short totals $130 million, with an unrealized profit of ~$14.3 million. Within the next 30 minutes, the address continuously added to its DASH long position, increasing it by 4,476.76 DASH (valued at ~$440,000). This pushed its total DASH long to $1.85 million. Notably, this address is known for building a massive ZEC short: it started shorting ZEC at $184, turning a $21 million loss into a profit.

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Pre-market Crypto Stock Concept Stocks Down Overall, BitGo Down 1.35%, Price Above IPO Price

On January 23, Bitget market data shows cryptocurrency-related U.S. stocks are trading lower in pre-market hours. Key moves include: - BitGo Holdings (BTGO): Closed +2.72% on its first trading day; now down 1.35% in pre-market at $18.24 (IPO price: $18) - MicroStrategy (MSTR): -0.23% - Coinbase (COIN): -0.11% - Circle (CRCL): +0.5% - MARA Holdings (MARA): -0.3% - Riot Blockchain (RIOT): -0.7% - BitMine Immersion (BMNR): -0.8% - SharpLink Gaming (SBET): -1.02%

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A whale opened a 40x leverage BTC short position at the liquidation price, with a position size of $21.22 million

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"The Ultimate Shorter" has been shorting BTC for a year in a row, and after three consecutive losses, this time has made a profit of $65 million.

January 23rd, data from the Coinbob Popular Address Monitor (link: https://t.me/Coinbob_track_CN) shows the so-called “Ultimate Bear” whale (address: 0x5d2) has opened Bitcoin short positions four times since January last year. The first three positions posted a combined loss of roughly $5.48 million, while the latest short has delivered significant gains. To date, this position has accumulated ~$9.94 million in funding fee income, with contract profits exceeding $55.6 million—pushing its total annual profit to $65.5 million. The address has made no further position adjustments since December 26th, 2023. Compared to its $136 million peak position in late October 2023, the whale has gradually cut its position by ~$84 million and hasn’t replenished shorts after multiple profit-taking moves. Currently, it still holds a Bitcoin short with 20x leverage, totaling ~$44.5 million. The average entry price is ~$11,150, liquidation price is $10,660, and unrealized profit stands at ~$11.2 mi

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Binance will list U-based SPACE and FIGHT perpetual contracts

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