BitMine acquires an additional 20,000 ETH, equivalent to $58.22 million

January 27: Bitcoin has surged back above $88,000, now trading at $88,609. On Polymarket, Bitcoin’s chance of dropping to $85,000 in January has fallen to 30%. Additionally, the odds of it hitting $80,000 are 4%, while the probability of rising to $100,000 is just 2%.

On January 27th, the Solana meme coin **COPPERINUS** (link: https://gmgn.ai/sol/token/61Wj56QgGyyB966T7YsMzEAKRLcMvJpDbPzjkrCZc4Bi) launched. Its market cap surged to over $12 million within 9 hours of going live before pulling back; currently, it stands at $9.75 million, with 24-hour trading volume hitting $31.2 million. BlockBeats reminds users that meme coins are highly volatile assets—often fueled by market sentiment and hype, not tangible value or utility. Investors should be mindful of the associated risks.

**Bitcoin Rebounds Above $88k, Bearish Sentiment Eases (Altcoins Still Under Pressure) – Coinglass Data** As of January 27th, Coinglass figures show Bitcoin has climbed back above $88,000, currently trading at $88,408. Mainstream CEX and DEX funding rates indicate bearish sentiment has softened compared to yesterday, though widespread bearishness remains for altcoins. Specific funding rates for major coins are listed in the attached chart. **BlockBeats Note:** Funding rates are set by crypto exchanges to align perpetual contract prices with underlying asset values. They facilitate fund transfers between long and short traders—exchanges do not collect this fee. The mechanism adjusts traders’ holding costs or profits to keep contract prices close to spot prices. **Rate Benchmarks:** - 0.01% = baseline rate - Above 0.01% = broadly bullish market - Below 0.005% = broadly bearish market

As of January 27, alternative data shows the cryptocurrency Fear & Greed Index stands at 29—up from 20 the prior day. The market has shifted out of "extreme fear" territory and into the "fear" zone. Note: The index ranges from 0 to 100, with components including: Volatility (25%), Market Volume (25%), Social Media Hype (15%), Market Surveys (15%), Bitcoin Dominance (10%), and Google Trends Analysis (10%).

On January 27th, Bitcoin scaling network Mezo announced the launch of its MEZO airdrop lookup page.

**U.S. Marshals Probe $40M Seized Crypto Theft Case; ZachXBT Alleges CMDSS Exec’s Son as Suspect** Jan. 27 — The U.S. Marshals Service is investigating a case involving roughly $40 million in seized cryptocurrency linked to a theft. Blockchain investigator ZachXBT claims John “Lick” Daghita — son of the CEO of CMDSS, a service provider for the U.S. Defense and Justice Departments — is suspected of transferring assets from a government-controlled crypto wallet managed by his father’s company. ZachXBT says he has verified at least $23 million in funds tracing back to ~$90 million in crypto the government seized in 2024 and 2025, and submitted a report to law enforcement last week. The break came after the suspect accidentally exposed their controlled wallet address in a Telegram group chat video where they bragged about their wealth; on-chain analysis later confirmed the fund linkage. U.S. Marshals Public Affairs Officer Brady McCarron noted the investigation is ongoing and decl