Two Whale Addresses Accumulated 81,000 ETH this morning during the price drop

On-chain data analyst Wu Jinyan reported on January 26 that a dormant Ethereum (ETH) whale address—idle for 9 years—has recently become active, transferring 50,000 ETH (roughly $145 million) to the Gemini exchange in the past 12 hours. This address originally withdrew 135,000 ETH (about $12.17 million) from Bitfinex 9 years ago, when ETH was priced at roughly $90. Its value has since surged 32x. After the latest transfer, the address still holds 85,000 ETH (around $244 million).

As of January 26, data from Coinglass shows Bitcoin could trigger $1.106 billion in total long liquidation pressure across major centralized exchanges (CEXs) if it falls below $85,000. Conversely, a break above $90,000 would lead to $1.584 billion in total short liquidation pressure for these same CEXs. BlockBeats Note: The liquidation chart does not display the exact number or value of contracts at risk of liquidation. Instead, its bars reflect the relative significance of each liquidation cluster compared to adjacent clusters—this is what’s meant by "intensity." As such, the chart indicates how strongly a given price level will impact markets. A taller "liquidation bar" signals a more pronounced reaction when price hits that level, driven by a liquidity cascade.

January 26 — Per GMGN monitoring (link: https://gmgn.ai/r/m4TE56o8), results of BNB Chain’s “USD1 Trading Competition” (which concluded yesterday) have not yet been released. The top three meme coins by market capitalization are well-known projects: EGL1, CDL, and Liberty. Notably, EGL1 and Liberty both participated in a similar competition last May through July. Newly emerging meme coins are showing diverging performances. Previously popular tokens like “BIG DON” and “1” have fallen to under $5 million in market cap. However, “memes” and “An” still maintain notable market sizes—currently ~$12.5 million (4th place) and ~$10 million (5th place), respectively. “An” has dropped roughly 80% from its all-time high. Per the official announcement, the competition wrapped up at 8:00 AM Beijing time on January 25. The top three winners will receive multiple incentives, but specific winning criteria have not been disclosed. There is no token creation time limit for participation eligibilit

**January 26 Flash Update: Onchain Lens Data** A whale using a flash loan strategy to long gold token XAUT has purchased an additional 985.5 XAUT for $4.98 million in USDe over the past 24 hours (per Onchain Lens monitoring). Currently, the whale holds 11,029.5 XAUT total—valued at approximately $55.98 million—with $5.86 million in realized profits.

January 26 — Nikkei Asia reports Japan could list its first cryptocurrency exchange-traded fund (ETF) as early as 2028, giving retail investors easier access to Bitcoin and other digital assets—assets institutional investors already hold in their portfolios. Japan’s Financial Services Agency (FSA) plans to classify cryptocurrencies as eligible assets for ETFs, while proposing stronger investor protection measures. Financial giants like Nomura Holdings and SBI Holdings are expected to launch the country’s first crypto ETFs, which will require Tokyo Stock Exchange listing approval.

On January 26, blockchain outlet The Block reported that Entropy—a decentralized custody startup backed by a16z—has announced it will wind down operations and return remaining funds to investors. Entropy founder and CEO Tux Pacific noted that after four years in operation, multiple business pivots, and two rounds of layoffs, the firm failed to identify a business model that could scale to meet venture capital expectations. The decision to cease operations came after initial market feedback signaled its model wouldn’t work for VC-scale growth. Entropy reportedly raised roughly $27 million total, including a $25 million seed round led by a16z Crypto in June 2022. The firm initially positioned itself as a decentralized alternative to centralized custody providers like Fireblocks and Coinbase, later pivoting to building a crypto automation platform.