Blockchain Midday Update | January 24 Key Industry Developments
January 24 midday blockchain updates: Exchange developments, market trends, USDC circulation changes, and Ethereum Foundation's quantum research.
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24/7 Blockchain industry dynamics and breaking crypto news
Rick Rieder Emerges as Top Fed Chair Candidate with 58% Odds
Polymarket data shows Rick Rieder as leading candidate for Fed Chair with 58% odds. Former Fed governor Kevin Warsh follows at 28%, with Waller and Hasset at 6% each. Trump hinted at selecting a heavyweight figure.
Read More2400 ETH Mysteriously Transferred, Sparking Interest in Fund Flow
According to Arkham data, 2400 ETH (worth about $7.1 million) was transferred from K3Capital to an anonymous address, sparking market speculation.
Read MoreData Reveals: Meme Coin PENGUIN Market Cap Surpasses $80 Million
Recent data shows the Solana-based meme coin PENGUIN has reached a market cap of $80.31 million, setting a new record. Investors should be cautious of its high volatility.
Read MoreSaga Attack: Approximately $6.2 Million Stolen Funds Distributed via 5 Addresses Before Tornado Cash Inflow
In the Saga attack, hackers dispersed approximately $6.2 million in stolen funds to five wallet addresses before transferring them through multiple transactions into Tornado Cash.
Read MoreIn-Depth Analysis: Restricting Stablecoin Yields Could Drive Capital Offshore
If the CLARITY Act restricts stablecoin yields, capital may flow offshore, affecting global competitiveness.
Read MoreFunding Rates from Major Exchanges Show Reduced Bearish Sentiment on BTC and SOL, Altcoins Still Face Market Skepticism
Bitcoin recently failed to break $90k, now trading at $89,627. Funding rates show reduced bearish sentiment on BTC and SOL, while altcoins remain under pressure.
Read MoreDollar Reserves Drop Below 60%, Gold Emerges as Central Bank Favorite
In 2025, gold prices surged 64%, the biggest annual gain since 1979. Central banks are increasingly buying gold as dollar reserves fall below 60%, signaling deepening concerns over dollar stability.
Read MoreIn-Depth Analysis: The Real Story Behind 35 Trillion Dollars in Stablecoin Transactions
A new report reveals that stablecoins moved over $35 trillion last year, but only about 1% was used for real-world payments.
Read MoreWhale Closes XMR Long Position, Suffers Nearly $900K Loss
A whale's XMR long position with 2x leverage has been fully liquidated, resulting in a loss of $896,000 and drawing significant market attention.
Read MoreBinance Alpha Launches PENGUIN and Trending Meme Tokens
Binance Alpha launches PENGUIN and trending meme tokens, offering users new investment opportunities in innovative crypto assets.
Read MoreIs the 4-Year Cycle Dead? Why Now is the Perfect Time to Enter the Crypto Market
This article explores current crypto market cycles, analyzes Ethereum's investment potential, and offers new insights for investors.
Read MorePENGUIN and memes Surge Over 20% Following Binance Alpha Listing News
PENGUIN and memes surged over 20% amid news of their Binance Alpha listing, with market caps hitting $59.2M and $11.92M respectively.
Read MoreBitcoin Miner Adds 115.4 BTC to Holdings, Total Stash Surpasses 7,873.6 BTC
A leading Bitcoin mining company recently added 115.4 BTC to its reserves, bringing the total holdings to 7,873.6 BTC. This move highlights the company’s strong belief in the long-term value of digital currency.
Read MoreETH Short Seller Locks in $3.02M Profit with Over $11M Still in the Pipeline
On January 24, the address known as the largest ZEC short seller partially closed its ETH short position, realizing a profit of $3.02 million. The remaining position still holds a floating profit of $11.04 million.
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