Arthur Hayes: I bet that Bitcoin will surpass $110,000 before retracing to $76,500

On January 24, K Wave Media Inc.—a publicly traded crypto treasury firm positioned to become the "Korean equivalent of Metaplanet"—received a written notice from Nasdaq dated January 22, 2026, stating it failed to meet the Nasdaq Global Market’s minimum Market Value of Listed Securities (MVLS) requirement for continued listing. Per Nasdaq rules, K Wave Media will have a 180-day cure period. If the company’s MVLS reaches at least $50 million for 10 consecutive trading days during this window, it may regain compliance, and the matter will be closed. The company noted the notice will not have an immediate impact on the listing or trading of its common stock. As previously reported by BlockBeats, on June 4, 2025, K Wave Media Inc. (Nasdaq: KWM) announced a securities purchase agreement with Bitcoin Strategic Reserve KWM LLC. Under the arrangement, the company will issue up to $500 million in common stock. Proceeds from the financing will support its Bitcoin-focused digital asset r

On January 24, ARK Invest filed two new cryptocurrency ETF applications with regulators, both linked to the CoinDesk 20 Index: the ARK CoinDesk 20 Crypto ETF and the ARK CoinDesk 20 ex-Bitcoin Crypto ETF. Notably, the latter excludes Bitcoin and tracks the performance of non-Bitcoin crypto assets. If approved, these two products will expand traditional financial markets’ avenues for index-based exposure to crypto assets.

As of January 24, Blur market data shows the floor price of NFT project Moonbirds has surged over 16% in the past seven days, now at 2.458 ETH. The current highest bid for the collection stands at 2.34 ETH, with a 7-day trading volume totaling 1004.19 ETH. Additionally, the floor price has climbed 7.81% in the past 24 hours. Separately, Moonbirds announced its BIRB token will host a Token Generation Event (TGE) on January 28.

On January 24, OnchainLens data shows that following gold’s short-term breakout above $5,000, a whale executing a carry trade strategy purchased an additional 604.65 XAUT using $3 million in USDe over the past 24 hours. The whale currently holds 10,044 XAUT total, valued at roughly $50.2 million, with an unrealized profit of approximately $5.07 million. Wallet address: 0x85220e6aa75238ba9c80353c6330ebee5142230e

As monitored by EmberCN, at 1 a.m. Beijing time on January 24th—when Ethereum (ETH) broke above $3,000—a whale that lost $13.73 million last November from high-buy-low-sell trades chased the ETH rally again: it purchased 5,157 ETH for $15.33 million, at an average price of $2,972. This time, unlike previous instances where it sold immediately after a rally, the whale still holds the position.

**Jan 24 – The U.S. Securities and Exchange Commission (SEC) filed court documents Friday local time to dismiss its lawsuit against cryptocurrency exchange Gemini.** The SEC said it no longer needs to pursue the case because Gemini Earn users have recovered 100% of their assets through the Genesis bankruptcy process. Back in 2023, the SEC sued Gemini and Genesis Global Capital, alleging they sold unregistered securities via Gemini’s yield-generating Earn product. The product halted withdrawals after the 2022 FTX collapse and crypto market slump, sparking regulatory action. Court documents show the SEC has reached a settlement with Gemini, confirming investors have received a “100% make-whole remedy” — pending formal approval from a federal judge. Previously, Genesis settled with the SEC by agreeing to pay a $21 million fine, and Gemini also resolved its case with New York state’s regulatory agency. This case is among more than a dozen crypto-related lawsuits the SEC has dis