Important news from last night and this morning (January 20-21)

Aave's total loan disbursements are approaching $1 trillion.

According to Aave's official disclosure, as of January 2026, the decentralized lending protocol Aave has accumulated nearly $1 trillion in loans since its launch in 2020.

A whale's address leveraged short selling to multiply its investment sixfold, earning over $15 million in five days.

According to Lookonchain, address 0xD835 deposited $3 million USDC into Hyperliquid five days ago, then went all-in on a leveraged short position and continued to add to it. As the market declined, unrealized profits surged to $15.35 million, bringing total assets to $18.35 million. Currently, its holdings include 1,667 BTC (approximately $148 million), 45,523 ETH (approximately $135 million), 928,900 HYPE, and 824 XMR, with a total market value exceeding $300 million.

Noble will migrate from the Cosmos chain to an independent EVM L1, with the mainnet scheduled to launch on March 18th.

According to Noble's official announcement, the stablecoin infrastructure project Noble will officially launch its EVM Layer 1 mainnet based on the Commonware architecture on March 18, 2026, separating it from the existing Cosmos SDK chain. The new chain supports sub-second transaction finality, open contract deployment, and dedicated payment channels, and will use its native yield-generating stablecoin USDN as its core asset, expanding into scenarios such as FX trading, DeFi yield strategies, and payment clearing. The existing Cosmos chain will gradually transition to maintenance mode, with IBC connections remaining unchanged, and the team will provide asset migration paths.

Grayscale has applied to list its NEAR spot ETF in the US, which may be named "Grayscale Near Trust ETF".

According to SEC filings, Grayscale has submitted an S-1 registration statement to launch a spot ETF product, "Grayscale Near Trust," based on NEAR blockchain assets, and plans to list it on the NYSE Arca under the ticker symbol "GSNR." The trust will directly hold NEAR tokens and support subscriptions and redemptions in NEAR or cash. Coinbase will act as the custodian and prime broker.

Spot gold has broken through the $4,800/ounce mark for the first time in history.

Spot gold has broken through the $4,800/ounce mark for the first time in history, with a cumulative increase of over 10% this month, or more than $480.

DeepSeek's new model MODEL1 code has been leaked, suggesting a completely new architecture.

According to Qubit, the name "MODEL1" appeared for the first time in DeepSeek's updated FlashMLA code on GitHub, appearing in 28 mentions across 114 files and listed alongside the existing version V32 (DeepSeek-V3.2), suggesting that MODEL1 is a next-generation architecture model. Code differences indicate that the model has been optimized in areas such as KV cache layout, sparsity handling, and FP8 decoding, and may be officially released around the Spring Festival. Combined with the recently disclosed mHC residual connection mechanism and Engram memory module, MODEL1 is expected to integrate several self-developed innovations.

US stocks closed sharply lower, with blockchain concept stocks generally declining.

U.S. stocks closed lower on Tuesday, with the Dow Jones Industrial Average down 1.76%, the S&P 500 down 2.06%, and the Nasdaq Composite down 2.39%. Nvidia (NVDA.O) fell 4.3%, Apple (AAPL.O) fell 3.4%, and Google (GOOG.O) fell more than 2%. Blockchain concept stocks generally declined, with COIN (Coinbase) down 5.57%, MSTR (Strategy) down 7.76%, and CRCL (Circle) down 7.52%.

Mastercard is considering a strategic investment in Zerohash, moving towards a partnership after acquisition negotiations fell through.

According to CoinDesk, global payments giant Mastercard is evaluating a strategic investment in blockchain infrastructure company Zerohash, rather than a direct acquisition, after its acquisition talks with the company fell through. Previously, it was reported that the two companies held in-depth talks regarding a potential acquisition in October 2025, with a valuation potentially reaching $1.5 billion to $2 billion, but Zerohash insisted on maintaining its independent operation, causing the acquisition to fail. According to sources familiar with the matter, investment discussions are still ongoing.

Coinbase officially launches ELSA spot trading and deposit services.

According to a Coinbase Markets announcement, ELSA (Elsa) is now available on coinbase.com and the Coinbase App. Users can log in to their accounts to buy, sell, exchange, send, receive, or store ELSA assets.

Trend Research borrowed another 20 million USDT to purchase 6,656 ETH.

According to Onchain Lens, Trend Research has borrowed another $20 million USDT to purchase 6,656 ETH from Binance and injected them into the Aave V3 protocol. The firm now holds a total of 651,310 ETH, with a market capitalization of approximately $1.91 billion.

Japanese and South Korean stock markets opened more than 1% lower.

The Nikkei 225 index opened down 718.60 points, or 1.36%, at 52,272.50 on Wednesday, January 21. The South Korean KOSPI index opened down 74.42 points, or 1.52%, at 4,811.33 on Wednesday, January 21.

BTC fell below $88,000, down 2.96% on the day.

According to OKX market data, BTC has just fallen below $88,000 and is currently trading at $87,998.50 per coin, down 2.96% on the day.

Huang Licheng faced five more liquidations today, bringing his total losses to $24.18 million.

According to Lookonchain monitoring, Machi Big Brother (Huang Licheng) experienced five more liquidations today due to the market downturn. Current position: 2,200 ETH (worth $6.67 million); Liquidation price: $2,991.43; Total profit/loss: -$24.18 million.

Binance Alpha has launched Ucan fix life in 1 day (1) and the wrong version of the horse (crying horse).

According to the official page, Binance Alpha has launched Ucan fix life in 1day (1) and the wrong version of the horse (crying horse).

The U.S. Supreme Court did not rule on the legality challenge to Trump's global tariffs.

According to Jinshi News, the U.S. Supreme Court did not rule on the challenge to the legitimacy of Trump's global tariffs.

US Treasury Secretary: Seized Bitcoin will be added to the government's digital asset reserves

According to CoinDesk, U.S. Treasury Secretary Bessant stated that the seized Bitcoin will be added to the government's digital asset reserve.

The chairman of the US CFTC announced the launch of the "Future Proof" program to upgrade the agency's approach to cryptocurrency regulation.

According to The Block, Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), announced the launch of the "Future Proof" program, aimed at comprehensively upgrading the agency's approach to regulating digital assets. In his first month in office, Selig stated that the CFTC needs to "upgrade" and plans a broad review of its rules, aiming for a "minimum effective dose of regulation." He pointed out that decades-old rules designed for agricultural futures contracts still apply to traditional markets but do not cover emerging products or trading venues, and the CFTC must upgrade its approach to unleash innovation. Despite the legislative process being stalled last week due to disagreements over the handling of stablecoin yields, Selig stated that the CFTC is ready to regulate the crypto industry, and that if Congress passes legislation making the U.S. a crypto hub, the CFTC will assume a series of new responsibilities. The plan also appears to cover prediction markets. Selig stated that as new asset classes emerge and the CFTC's role evolves, the guidelines should not only be suitable for the products but also serve tailored regulatory purposes. He revealed that the agency plans to announce more "policy changes" in the coming days.

Tether minted an additional 1 billion USDT on the Tron network.

According to Onchain Lens monitoring, Tether has just minted an additional 1 billion USDT on the Tron network. As of now, Tether has minted a total of 2 billion USDT on the Tron network in 2026.

The "rollover trader" has further increased his short positions in HYPE, bringing the total value of his short positions across four cryptocurrencies to a staggering $261 million.

According to on-chain analyst Yu Jin, "rollover trader 0xD83...Fd7" has increased his short position in HYPE in the past half hour. He started by shorting ETH last Friday and then used his profits to roll over his short positions in other cryptocurrencies. He now holds short positions in four cryptocurrencies: BTC, ETH, HYPE, and XMR, with a total value of $261 million. He turned his initial capital of 3 million USDC into $11 million through rolling over his short positions. His holdings are as follows: 1640 BTC ($150 million) short position, opening price $92,120, liquidation price $94,732. Profit of $1.98 million. 31,093 ETH ($100 million) short position, opening price $3,270, liquidation price $3,269. Profit of $6.29 million. 728,000 HYPE ($16 million) short position, opening price $21.77, liquidation price $30.1. Unrealized loss of $60,000. Short position of 824 XMR contracts ($450,000), opened at $605, unrealized profit of $40,000.

Glassnode: Bitcoin's pullback from recent highs reflects weakening momentum, not a deterioration in the trend.

According to Glassnode's weekly market analysis report released on Monday, the flow of funds into US spot Bitcoin ETFs reversed sharply, showing strong inflows, indicating that institutions are re-accumulating positions. While ETF trading volume rose accordingly, increased holder profits also bring the risk of short-term profit-taking. Bitcoin has fallen from its recent high of $98,000 to just over $90,000. The Relative Strength Index (RSI) fell on January 14th but remained above neutral levels, indicating that it is in a consolidation phase rather than a deteriorating trend. Spot trading volume has risen moderately, and the net buy-sell imbalance has exceeded the upper limit of the statistical band, indicating a significant easing of selling pressure, but demand remains fragile. A slight increase in futures open interest reflects cautious rebuilding of speculative activity, while a sharp drop in funding rates suggests reduced urgency from long positions. The options market continues to price high uncertainty, and downside protection demand remains. On-chain activity is stabilizing, with both the number of active addresses and transfer volume showing an improving trend, while network fees have risen slightly. Short-term holder supply remains high, keeping the market sensitive to price fluctuations. Overall, Bitcoin is in a consolidation phase, but increased buying power and renewed institutional interest are driving the market structure toward a more constructive direction.

A certain whale's 5x leveraged long position in HYPE has suffered a floating loss of over $23.3 million.

According to Onchain Lens monitoring, as the price of HYPE fell below $22, a whale holding a long position in HYPE (5x leverage) has suffered floating losses of over $23.3 million, with funding costs of $1.25 million, and its liquidation price was $19.32.

Spot gold broke through $4,740 per ounce, hitting a new high, after the Polish central bank approved a plan to purchase 150 tons of gold.

According to Jinshi News, spot gold surged in the short term, breaking through $4,740 per ounce and setting a new record high, rising 1.48% on the day. This followed the Polish central bank's approval of a plan to purchase 150 tons of gold.

Robinhood Crypto has listed the MNT token.

Robinhood announced on its X platform that the MNT token is now available for trading on Robinhood Crypto, including in the New York area.

Trump Media & Technology Group announced that registration for its digital token program will begin on February 2nd.

According to GLOBE NEWSWIRE, Trump Media & Technology Group has announced that the record date for its digital token program is February 2, 2026. At that time, the ultimate beneficial owners and registered holders of at least one DJT stock will be eligible to receive tokens and related incentives. The company cautions that if a shareholder is designated as a "dissenting beneficial owner," it may delay or hinder information sharing. Shareholders are advised to contact their brokers to confirm they are "non-dissenting beneficial owners" (NOBO) or transfer their shares to the company's designated direct registration account. After the record date, the company will partner with Crypto.com to mint tokens, conduct blockchain registration, and custody assets. Specific allocation procedures will be announced later. The company also plans to provide various rewards to shareholders on the record date throughout the year, including benefits or discounts on its products. The CEO stated that this move aims to leverage blockchain technology to improve transparency and protect shareholder interests.

Bitmine increased its holdings by 35,268 ETH last week, worth $109 million.

According to Onchain Lens monitoring, Bitmine purchased 35,268 ETH ($109 million) last week. They now hold a total of 4,203,036 ETH, worth $12.96 billion. Previously, BitMine disclosed that it currently holds over 3.48% of the ETH token supply, with total assets reaching $14.5 billion.

BitMine currently holds over 3.48% of the total ETH token supply, with total assets reaching $14.5 billion.

According to PR Newswire, Nasdaq-listed Ethereum treasury company BitMine disclosed that it now holds over 3.48% of the total Ethereum token supply. BitMine's total cryptocurrency, cash, and "Moonshots" holdings amount to $14.5 billion, including approximately 4.203 million ETH, $979 million in uncollateralized cash, and other cryptocurrency assets. As of January 19th, Eastern Time, the company held 4,203,036 ETH and 193 BTC, in addition to a $22 million stake in Eightco Holdings and $979 million in uncollateralized cash. BitMine's total Ethereum staked amounted to 1,838,003 ETH (equivalent to $5.9 billion at $3,211 per ETH), an increase of 581,920 ETH from the previous week. Furthermore, BitMine announced that it has received shareholder approval to increase its authorized share capital, providing greater flexibility for future financing. The proposal passed with 81% approval at the annual shareholder meeting on January 15th. This move does not mean an immediate issuance of new shares, but rather raises the upper limit on the number of shares the company can issue in the future.

Trend Research withdrew another 7,960 ETH from Binance, bringing its total purchases for today to 17,899 ETH.

According to on-chain analyst Ember, Trend Research just withdrew another 7,960 ETH ($24.74 million) from Binance, bringing their total purchases for the day to 17,899 ETH ($55.58 million). They now hold a total of 644,600 ETH ($2 billion), with an average cost of $3,182 per ETH.

Strategy spent $2.13 billion to acquire 22,305 more Bitcoins.

According to official sources, Strategy has acquired 22,305 Bitcoins at a price of approximately $95,284 each, for a total cost of approximately $2.13 billion. As of January 19, 2026, Strategy holds 709,715 Bitcoins, with a total purchase cost of approximately $53.92 billion, averaging approximately $75,979 per Bitcoin.

WLFI faced community opposition due to its "team wallet" pushing to pass the vote on the USD1 growth proposal.

According to Cointelegraph, World Liberty Financial (WLFI) is facing controversy over a governance vote on a proposal to increase the value of its USD1 stablecoin. The community criticizes the exclusion of locked-up holders from the vote and claims that the outcome was dominated by a few affiliated wallets. On-chain voting data shows that the top nine wallets controlled approximately 59% of the voting power, with the largest single wallet contributing 18.786%. Anonymous researcher DeFi^2 points out that these key affirmative votes mostly came from addresses associated with the team or strategic partners, while ordinary holders with a large amount of locked-up tokens were excluded from the vote. Critics argue that the project should prioritize addressing investors' unlocking issues rather than pushing proposals that could further dilute the rights of token holders. According to project documents, 75% of the protocol's net revenue is allocated to entities associated with the Trump family, and 25% goes to entities associated with the Witkoff family; WLFI holders do not directly share in the protocol's revenue.

The USDC Treasury minted an additional 500 million USDC on the Solana blockchain.

According to Whale Alert monitoring, around 20:27 and 20:28 Beijing time, USDC Treasury minted a total of 500 million USDC on the Solana chain in two separate transactions.

The Trump family's net worth has reached $6.8 billion, with crypto assets accounting for one-fifth of that.

According to Bloomberg, crypto assets have added approximately $1.4 billion to the Trump family's wealth over the past year, bringing the proportion of cryptocurrency in their total net worth of approximately $6.8 billion to about one-fifth for the first time. The report points out that during his second term, the Trump family has reaped significant gains through new projects such as the co-founded crypto platform World Liberty Financial, its named Meme coin, and the Bitcoin mining company American Bitcoin Corp. World Liberty's platform token and stablecoin USD1 business have seen particularly significant valuations. Meanwhile, the stock price of its social media company, Trump Media & Technology Group, has fallen 66% in the past 12 months, partially offsetting the gains from crypto assets. Family members have also invested in companies like SpaceX through venture capital firm 1789 Capital and expanded the Trump Organization's global real estate licensing business. The White House press secretary responded that the government is fulfilling the president's promise to make the United States a global hub for crypto capital through executive action and policy.

Binance Wallet is launching a limited-time event where users can earn Alpha task points by trading stock tokens.

PANews reported on January 20th that Binance announced on its X platform that users can earn Binance Alpha Points by trading stock tokens using the Binance Wallet. The promotion runs from 21:00 on January 20th, 2026 to 20:59 on February 3rd, 2026 (UTC+8). During the promotion period, users who successfully purchase a single stock token transaction of ≥50 USDT/USDC within the Binance Wallet (App/Web) will receive 5 Binance Alpha Points (limited to one per user).

Trove Markets' token plummeted by over 95% within minutes of its listing, further exacerbating the negative impact.

According to The Block, Trove Markets has fallen into deeper controversy after its token generation event, with its token TROVE plummeting by over 95% within minutes of listing on Solana. The token's fully diluted valuation quickly dropped from approximately $20 million implied at the time of the public sale to less than $1 million, and the liquidity pools dried up rapidly after launch, exacerbating losses for early buyers. Previously, after raising $11.5 million, the project abruptly switched its deployment chain from Hyperliquid to Solana at the last minute, sparking community discontent. The Trove team stated it would retain approximately $9.4 million of the raised funds and offer only partial refunds, further angering participants demanding full refunds. Numerous accusations have surfaced on social media, alleging misappropriation of funds, transfer of funds via mixers, and undisclosed influencer promotion. On-chain investigator ZachXBT publicly questioned a $45,000 SOL transaction transferred from a Trove angel round address, linked to casino deposits. The Trove team denied the "exit scam" allegations, stating that user funds remain and emphasizing continued development. The project was previously incubated by Paradigm and raised $35 million in 2021 at a valuation of $400 million.

Trend Research purchased 9,939 ETH from Binance and deposited them into Aave V3, while simultaneously borrowing 20 million USDT.

According to Onchain Lens, Trend Research purchased 9,939 ETH (worth $30.85 million) from Binance and deposited it into Aave V3, while simultaneously borrowing 20 million USDT to purchase more ETH. They currently hold 636,240 ETH, worth $1.97 billion.

Solana's collateralization ratio hit a record high of 68.8%.

According to Cointelegraph, Solana's staking ratio hit a record high of 68.8%.

Analysis: Bitcoin shows bullish signals, with $90,000 becoming a key price level.

According to Cointelegraph analysis, both the Bitcoin miner indicator and the market sentiment index recently issued "buy" signals simultaneously, bringing positive signs to the market. The Hashband indicator (measuring the 30-day and 60-day moving averages of hashrate) has shown a "buy" signal, suggesting the miner capitulation phase may be ending. This signal historically often coincides with significant price discounts and long-term buying opportunities. The last time this signal appeared was in July 2025, after which Bitcoin surged 25% to an all-time high. Meanwhile, the 30-day moving average of the Crypto Fear & Greed Index crossed above its 90-day moving average for the first time since May 2025, suggesting market sentiment is shifting from prolonged fear to positivity. Analysts emphasize that $90,000 is a key psychological and technical support level that Bitcoin must hold, coinciding with the 200-period moving average on the 4-hour chart and the lower trendline of the weekly bearish flag pattern. If the price can hold, buyers will remain in control, and a rebound is expected. If the weekly closing price falls below this level, it may further decline to the $80,000 to $85,000 range, or even test the April 2025 low of $74,500 and the 200-week moving average of $68,000.

Ethereum's record-breaking 2.9 million transactions in a single day may be primarily driven by "address poisoning" attacks.

According to CoinDesk, Ethereum network activity has recently surged, reaching a new daily record of 2.9 million transactions. However, the ETH price has reacted tepidly, potentially stemming from a large-scale "address poisoning" attack rather than genuine user demand growth. Research found that approximately 80% of the abnormal increase in new addresses was related to stablecoins, and about 67% of newly active addresses made initial transfers of less than $1, consistent with "dust attacks." In the analyzed sample, approximately 3.86 million addresses received "poisoned dust" in their first stablecoin transaction. Attackers used smart contracts to send small amounts of stablecoins to hundreds of thousands of addresses, polluting users' transaction history and inducing them to mistakenly transfer large sums to fake, similar addresses. The significant drop in transaction fees following the Fusaka upgrade in early December last year made such low-cost attacks feasible. This suggests that Ethereum's record transaction volume may be exaggerated by spam transactions, weakening its credibility as a signal of increased network demand, and the market has not viewed it as a positive catalyst for ETH prices.

Binance has scheduled the launch of AIAUSDT U-margined perpetual contracts for 19:15 today.

Binance Futures has set January 20, 2026 (UTC+8) as the launch date for its AIAUSDT U-margined perpetual contract, with a maximum leverage of 20x. This follows previous announcements on January 16th that Binance Futures would postpone the launch of the AIAUSDT U-margined perpetual contract.