HashBandit

【Crypto World】Paradex posted the latest progress on the official status page: the team has successfully identified the root cause of the issue and decided to roll back the blockchain status to block 1604710. This block height represents the last normal checkpoint before the database maintenance operation, ensuring the accuracy of the status. Based on this operation, all user accounts will be restored to their original state before the database maintenance, ensuring the integrity of transaction records and asset information.

【Crypto World】Interestingly, in the global trading activity rankings, the performance of the LIT token is quite eye-catching. According to exchange data, the trading popularity of LIT on a major exchange has stabilized at the second position worldwide, only behind its native token on the platform. This indicates that LIT is not only recognized on mainstream exchanges but also that its trading depth and market participation are continuously increasing. The stability of this ranking reflects the growing genuine demand for this token in the market.

Ethereum network activity has recently rebounded, with daily active addresses surpassing 800,000, forming a capital support. Technically, the price is oscillating within a triangle, with the support level at $3085 helping to stabilize a rebound. Breaking through $3400 could point to $3660, or even test $4000.

The United States may impose new tariffs on Europe, putting pressure on the dollar. Analysts believe this could just be a bargaining chip, and the dollar will receive some support. Meanwhile, the Eurozone faces a more severe dilemma, with the economy affected by tariffs, and the euro could become the biggest victim.

Bitcoin's short-term market enthusiasm cools down, with the probability of reaching $100,000 decreasing from 43% to 25%. The chance of reaching $105,000 is only 8%, while the probability of dropping to $85,000 increases to 21%. Market participants' sentiment has become cautious, reflecting a reassessment of recent gains.

【Blockchain Rhythm】A trader (address 0x4331c) has recently gained popularity. This guy used 40x leverage to aggressively long 73.49 BTC, with an average entry price of $93,196. Now, he's facing a $50,000 unrealized loss, but his account is still above the red line.
But this guy's trading record is not simple. Looking at his trading history—174 trades in total, only 4 losing trades, with a total loss of $5,191.12. The remaining 170 trades, each one was a take-profit close, and the total profit in his account has actually reached $292,000.
Such a success rate truly makes him a formidable player.

A well-known whale experienced significant position changes on January 19th, first liquidating long positions in ETH, BTC, and SOL, then going short and incurring a loss of $16.14 million. However, they quickly switched back to long positions, opening new longs in ETH and BTC while maintaining other positions. The current overall holdings are approximately $60 million. This rapid shift in trading strategy has attracted market attention.

On January 19th, a new wallet withdrew 10,057 ETH from Binance, staked it on Lido to convert to stETH, then borrowed 45 million USDT on Aave, purchased more stETH, and deposited it back into Aave. This is a typical leveraged lending operation, and although the current lending position is healthy, it still faces high risks.

Trump's economic advisor Hassett expressed hope to remain in position, benefiting Federal Reserve Chair contender Waller, with the probability soaring to 60%. The market reacted quickly to the news, and the win probabilities for Hassett and Waller declined significantly. Federal Reserve Chair Powell's term is about to expire, and Trump will announce a successor within this month, which may impact liquidity expectations in the crypto market.

According to Defillama data, Meteora's revenue in the past 24 hours reached $1.33 million, surpassing Pump.fun's $1.16 million, indicating liquidity shifts and intense competition within the DeFi market. Currently, Tether and Circle lead with revenues of $16.45 million and $6.6 million respectively, and Meteora has become a market focus as user enthusiasm for emerging protocols rises.

The crypto market is embroiled in controversy over the CLARITY bill. Coinbase CEO Armstrong plans to withdraw support, believing it is worse than having no bill at all; meanwhile, Kraken CEO Sethi and others advocate resolving differences through negotiations. Industry insiders warn that the current favorable policy environment is rare and urge seizing the opportunity to ensure the continued innovation in crypto.

As of January 18, the number of ETH waiting in the Ethereum validator queue to enter the PoS network exceeds 2.59 million, mainly driven by BitMine promoting staking. Meanwhile, the staking exit queue has been completely cleared, indicating increased confidence among participants in the Ethereum ecosystem and reflecting a change in market attitude towards the PoS mechanism.

In the past week, Solana has performed outstandingly, with active addresses reaching 27.1 million, a 56% increase week-over-week. The transaction volume is 515 million, ranking first. Although BNB Chain and Tron follow closely, Solana's popularity is indeed rising, attracting more funds and user participation.

Axie Infinity launched the non-tradable token bAXS on January 18th, aiming to reduce inflation rewards and adjust the SLP reward system. The move immediately triggered market reactions, with AXS and other related tokens rising across the board. The blockchain game sector performed notably well, while the entire cryptocurrency market remained volatile.

dYdX Foundation announces its 2025 ecosystem development achievements, with a total trading volume exceeding $1.55 trillion, demonstrating the continued rise in on-chain derivatives acceptance. The second quarter trading volume was approximately $16 billion, doubling to $34.3 billion in the fourth quarter, indicating strong market demand for derivatives. Additionally, DYDX has launched a token buyback program, increasing the buyback scale to 75% of protocol net revenue, with approximately 98,000 token holders, reflecting increased participation.

ZEC's recent price hovers around $402, facing the risk of falling below $400. Despite large investors purchasing 76,000 ZEC, the price remains weak. On-chain data shows spot market accumulation, but ZEC is still below key moving averages, indicating structural weakness and the need to wait for a true reversal.

The US cryptocurrency industry faces the problem of a lack of regulatory rules for developers. The CLARITY Act aims to provide a legal framework, but it still needs to be optimized and accelerated to prevent developers from moving to other countries, which could impact the innovation ecosystem.

In 2025, cryptocurrency scams surged dramatically, with illegal addresses siphoning over $14 billion, and impersonation scams increasing by 1400% year over year. AI has fueled criminal revenue, with Asia becoming a major hotspot, and the average victim loss rising significantly. Law enforcement agencies have intensified crackdowns, but users need to stay vigilant to avoid falling into traps.

The Ethereum Foundation announced the winners of the x402 Hackathon. Superfluid's x402-sf enables on-chain subscription payments, peterssson.eth's Cheddr optimizes high-frequency small payments, and BackTrackCo's x402r addresses refund process issues. These projects demonstrate the diversification of DeFi payment layer explorations.