Singapore's largest money laundering case suspect Wang Shuiming may be extradited to China, with his accomplice being the mastermind behind the Hong Kong crypto platform scam AAX.

On January 20, monitoring by Emmett Gallic showed an address tied to Bhutan’s sovereign wealth fund Druk Holdings is running a leveraged long position on ETH: it withdrew 42,000 ETH and $54 million in USDT from Binance, swapped the USDT for ETH, deposited the ETH into Aave, and borrowed $275 million in USDT to buy more ETH. The current leveraged position holds ~117,000 ETH, worth roughly $459 million.

**January 20 – Citigroup Japan’s head of market business Akira Hoshino stated the Bank of Japan (BOJ) may raise interest rates three times this year if the yen remains weak, doubling its current rate level.** **If the USD/JPY exchange rate breaks 160, the BOJ could hike its unsecured overnight call rate by 25 basis points to 1% in April, Hoshino said in an interview.** **He noted a second 25bp rate hike is possible in July if the yen stays low, with a third hike potentially coming before year-end.** **“Negative real interest rates are driving the yen’s weakness,” Hoshino explained. “The BOJ has no choice but to address this if it wants to reverse the currency’s trend.”** **He currently forecasts the yen will trade in a range slightly below 150 to 165 this year. (Source: FXStreet)**

Trove’s TROVE token launched trading on its Perp DEX at 4 a.m. ET on January 20—opening with a $20 million fully diluted valuation (FDV) that’s now plummeted to roughly $950,000. Last week, the project raised $11.5 million via an ICO, announcing it would retain $9,397,403 to build its Solana-based Perp DEX. That move sparked fierce community backlash: ICO participants are facing steep losses and accusing the team of a rug pull. The Block founder Mike Dudas weighed in: “After raising funds from the public on false pretenses, Trove still holds $9.4 million in ICO proceeds. Any service providers, advisors, KOLs, or other parties who received funds from this scam should be exposed and condemned.” Trove has faced prior controversy, too: The community has flagged claims that the project paid KOLs for promotion (with funds flowing to an entertainment platform’s deposit address) and repeatedly changed its ICO deadline. Additionally, the team abruptly scrapped its Hyperliquid integrati

On January 20th, data from Onchain Lens shows that a whale—previously linked to the sale of 255 BTC—has fully closed its long positions across BTC, ETH, SOL, and DOGE, incurring a $2.64 million loss. The whale still maintains its short position on DASH, and has added $100 short positions each for ETH, BTC, and SOL. Overall, the whale’s profits have dropped from over $25.7 million to $2.58 million in just 5 days.

On January 20th, per GMGN monitoring (via the Telegram bot at https://t.me/gmgnaibot?start=i_m4TE56o8), the BSC-based meme coin "1" has continued to surge—briefly topping $17 million in market capitalization to hit an all-time high (ATH). As of press time, its market cap stands at $15.53 million, with a 24-hour trading volume of $19.34 million and over 5,700 unique holder addresses. The meme coin’s narrative ties to the article *"How to fix your entire life in 1 day,"* which was briefly retweeted by Elon Musk on the afternoon of January 18th. BlockBeats notes that meme coin trading carries extreme volatility, as most price movements are driven by market sentiment and hype rather than actual value or utility. Investors should exercise caution and be fully aware of the inherent risks.

January 20th: Per Onchain Lens monitoring, BitMine has once again staked 86,848 ETH, valued at $2.794 billion. Its total staked amount now stands at 1,771,936 ETH, with an aggregate value of $5.65 billion.