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ZachXBT Mocks Ledger's US IPO: Just Cash Grabbing to the Max

3 hours ago

On-chain detective ZachXBT slammed hardware wallet maker Ledger’s plan to go public in the U.S. via an IPO on January 23, citing multiple past hacks that exposed customers’ private data and enabled targeted thefts totaling millions of dollars. ZachXBT also flagged ongoing product issues (including battery problems with the Ledger Nano X) and the company’s recent move to impose a percentage fee for “clear signatures,” arguing the IPO is purely a profit-maximization play. Ledger’s biggest security breach to date was a June 2020 e-commerce database leak: hackers exploited a misconfigured third-party API key on its website to access e-commerce and marketing data, exposing over 1 million email addresses and roughly 272,000 full personal records (including real names, mailing addresses, and phone numbers). Earlier today, Ledger announced plans for a U.S. IPO with a potential valuation exceeding $4 billion. The company has partnered with Goldman Sachs, JPMorgan, and Barclays to advance the deal, which could close as early as this year.
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Sharia Portfolio Acquires 438,330 Shares of MSTR, Total Holdings Exceed 150,000 Shares

Jan. 23 — Sharia Portfolio, which manages $2 billion in assets under management (AUM), has disclosed purchasing 43,833 shares of MicroStrategy (MSTR) stock valued at $7 million. The firm now holds a total of 150,325 MSTR shares.

3 minutes ago

Several analysts predict that Bitcoin will be in a bear market in 2026, potentially dropping to $58,000.

January 23 — Per Cointelegraph, a number of analysts are predicting 2026 could bring a bear market for Bitcoin, with multiple forecasts suggesting BTC may retrace to roughly $58,000. Crypto analyst Titan recently noted Bitcoin “just sent a bear market signal” tied to a bearish crossover on its two-month MACD, adding historical data shows similar technical patterns typically trigger a 50%–64% retracement. The latest sell-off has pushed BTC down ~9% from its 2026 high of $97,930, dropping below key support levels including the current 75% quantile cost basis at $92,940. Glassnode said Thursday that Bitcoin “has now fallen below the cost basis for 75% of its supply, signaling rising distribution (selling) pressure,” and added: “Risk has clearly shifted to the upside, and downside risk remains dominant until this level is reclaimed.” Trader Merlijn The Trader analyzed Bitcoin’s price “has returned to uptrend line support,” with the zone ranging from $89,000 to $90,000. He noted that

3 minutes ago

Polymarket predicts a 32% probability of "Bitcoin dropping to $85,000 in January" and only a 6% probability of rising to $100,000.

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.

3 minutes ago

An address redeemed 6300 ETH from Renzo in the last 5 hours and deposited it into Coinbase.

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.

3 minutes ago

The amount of ETH queued for entry into the Ethereum PoS network continues to grow, reaching a new high since July 2023.

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.

3 minutes ago

Mainstream Perp DEX Overview: Platform Volumes See Significant Decline, Hyperliquid Volume Drops by Around 30%

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)

3 minutes ago