Arthur Hayes receives approximately 5.83 million ATH tokens, worth around $52,300

Jan. 23 — Polymarket odds indicate a 32% chance Bitcoin will drop to $85,000 in January, along with a 7% probability of falling to $80,000 and just 6% for a rise to $100,000.

On January 23, on-chain analyst Ai Auntie (@ai_9684xtpa) reported that over the past 5 hours, the address 0x8ec…F2626 has redeemed 6,300 ETH from Renzo and transferred it to Coinbase. The transaction is valued at $18.63 million, with market watchers suspecting the ETH may be sold.

January 23rd Data from Validator Queue, a tracking site for Ethereum validator queues, shows the amount of ETH waiting to enter the PoS network has risen steadily since December 26, 2025. It now stands at 3,068,886 ETH—its highest level since July 2023—valued at roughly $8.98 billion, with an estimated activation delay of around 53 days and 7 hours. This signals strong, sustained staking demand, largely driven by Ethereum treasury firms and institutions (including BitMine) staking significant amounts of their held ETH. On-chain data indicates BitMine has staked a total of 1,943,200 ETH to date, worth approximately $5.69 billion. Meanwhile, the Ethereum PoS network’s unstaking queue has been cleared: there are currently no major users opting to unstake ETH, meaning stakers can now withdraw their ETH almost instantly.

As of January 23, DefiLlama data shows trading volumes across major perpetual futures DEXes (Perp DEXes) dropped broadly over the past 24 hours. Hyperliquid led the pack with ~$6.23B in 24-hour volume—down ~30% from the prior day—while Aster also saw a ~30% decline, claiming the second spot. Key metrics for select Perp DEXes: - Hyperliquid: 24h volume = ~$6.23B; TVL = ~$44.8B; Open Interest = ~$8.34B | [Link](https://app.hyperliquid.xyz/join/NTOD) - Aster: 24h volume = ~$4.06B; TVL = ~$1.22B; Open Interest = ~$2.50B | [Link](https://www.asterdex.com/en-US/referral/aboter) - Lighter: 24h volume = ~$3.75B; TVL = ~$1.02B; Open Interest = ~$1.24B | [Link](https://app.lighter.xyz/?referral=70045843) - EdgeX: 24h volume = ~$2.90B; TVL = ~$425M; Open Interest = ~$1.08B - Grvt: 24h volume = ~$1.85B; TVL = ~$96.5M; Open Interest = ~$511M - Pacifica: 24h volume = ~$836M; TVL = ~$42.79M; Open Interest = ~$78.99M | [Link](https://app.pacifica.fi/?referral=pacbot)

January 23 — Bloomberg reports UBS Group AG, which oversees $6.9 trillion in assets under management, plans to offer cryptocurrency investment services to select private banking clients and is currently vetting partners for the initiative. Discussions have been underway for months, and UBS has not finalized its approach.

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.