Kimi K2.5 Achieves Top Spot on Global Open Source Leaderboard in 24 Hours
January 28th – Kimi’s K2.5 model, launched on the 27th under the Dark Side of the Moon, has topped multiple global rankings just one day after its release.
On the authoritative LMarena list, Kimi K2.5 ranks second only to closed-source models Claude Opus 4.5 and Gemini 3 Pro, claiming the top spot among open-source models.
In rankings from well-known independent evaluation firm Artificial Analysis, Kimi K2.5 sits at 5th place – also the highest among all open-source models.
(Source: Sohu)
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Bitcoin Spot ETF Investors Face Stress Test as Market Wavers Around Their Entry Price
**Bitcoin Spot ETF Investors Face "Belief Test" as Prices Fluctuate Near $86k Entry Point**
As of Jan 28, the average entry price for U.S. Bitcoin spot ETF investors stands at roughly $86,000. With markets oscillating around this level, investors are grappling with a "belief test": whether to hold amid volatility or lock in profits to avoid turning gains into losses.
CryptoQuant analyst Moreno noted that historically, entry price ranges act as psychological fulcrums: prices above the range boost investor confidence and stabilize fund flows, while persistent moves below erode profit cushions and accelerate redemptions.
Since last October, U.S. Bitcoin spot ETF holdings have declined 8.4%, with cumulative inflows falling from ~$72.6 billion to ~$66.5 billion. Performance was lackluster in late January: net outflows were recorded on 6 of 7 trading days, with only a meager $6.8 million in net inflows on Jan 26.
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Ethereum Researcher Proposes Including FOCIL Anti-Censorship Feature in the Hegota Upgrade
On January 28, Ethereum researcher Thomas Thiery—better known by his alias soispoke—proposed integrating FOCIL as a core anti-censorship feature in the upcoming Hegota upgrade.
Hegota, Ethereum’s second major 2026 upgrade, is scheduled to launch in the second half of the year.
FOCIL is a protocol-layer mechanism that modifies Ethereum’s fork-choice rule to mandate any valid transaction be included in an on-chain block within a set timeframe. This allows multiple validators to collectively enforce transaction inclusion, rather than relying on a single block builder.
The proposal’s main goal is to cut Ethereum’s dependence on centralized validators, mitigating future risks of large-scale transaction censorship. This strengthens Ethereum’s core value as a neutral, censorship-resistant blockchain.
“Without FOCIL, the protocol is exposed to large-scale censorship events,” Thiery said. “Ethereum should proactively design for long-term resilience instead of reacting passively to s
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JPMorgan: Tether's Gold Holdings Have Appreciated by Over $5 Billion, Making It the Largest Non-Bank Holder of Gold
On January 28, the Financial Times reported that as gold prices hit a record high, Tether—the world’s largest stablecoin issuer—has seen its gold holdings appreciate by more than $5 billion.
Using data disclosed by Tether, Jefferies Group estimates the firm held roughly 116 metric tons of gold as of the end of September, worth approximately $14.4 billion at the time. Gold traded at $3,858 per ounce at the end of last September, but has since surged to over $5,200 amid rising geopolitical uncertainties and investors flocking to safe-haven assets. That means Tether has booked more than $5 billion in gains on these holdings.
This week, Tether noted it purchased an additional 27 metric tons of gold for its gold-backed stablecoin in the fourth quarter of last year. This extra holding has already appreciated by at least $700 million so far this year.
Tether’s current total gold holdings are valued at roughly $24 billion, making it one of the biggest winners in the latest gold price
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Pre-market Crypto Stocks Surge in the US, Circle Up 3.1%
January 28 — Bitget market data shows U.S. crypto-related stocks were broadly higher in pre-market trading, with the following moves:
- BitGo Holdings (BTGO): +0.22% to $13.80, down over 23% from its $18 IPO price last week
- MicroStrategy (MSTR): +0.22%
- Coinbase (COIN): +0.89%
- Circle (CRCL): +3.1%
- MARA Holdings (MARA): +0.1%
- Riot Blockchain (RIOT): +0.85%
- BitMine Immersion (BMNR): +0.58%
- SharpLink Gaming (SBET): -0.1%
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