Selected News:

1. Pyth Network: Pyth Entropy and Price Feeds have been deployed to Blast;

2. PayPal's USD stablecoin PYUSD has a circulation of over 290 million.

3. Backpack has launched MOBILE spot trading;

4. Chainlink collaborates with Circle to achieve cross-chain stablecoin transfers;

5. A trader who purchased TROLL after Musk changed his personal information has made profits of over 100 times.

Price Observation

MAV breaks through $0.66, with a 24-hour increase of 28.77%

On January 17th, according to market data information, MAV broke through $0.66 and is now priced at $0.6655, with a 24-hour increase of 28.77%.

Transaction Tracking

A whale lent out 10,247 ETH and deposited it into Mantle.

On January 17th, according to The Data Nerd, a whale borrowed 10,247 ETH (worth approximately $26.53 million) through the DeFi aggregation platform Instadapp and pledged it to Mantle one hour ago. The address also pledged 3000 stETH and 2990 rETH to EigenLayer.

派盾：FTX/Alameda transferred 1000 ETH to Wintermute addressOn January 17th, according to PeckShield's monitoring, FTX/Alameda's marked address transferred 4,400 XAUT (approximately $8.9 million) to Coinbase and 1,000 ETH (approximately $2.6 million) to Wintermute.

Socket attackers have exchanged stolen stablecoins for 1137 ETH

On January 17th, according to the monitoring of Yu Jin, the cross-chain protocol Socket attacker has exchanged the stolen USDC and USDT stablecoins for 1137 ETH, with an average price of $2564.

LINK、METIS、AAVE are among the top Smart Money inflows in the 24-hour ranking.

On January 17th, according to Nansen 2 data, the Smart Money 24-hour fund inflow tracking list on the Ethereum network is as follows:

LINK: About 1.42 million US dollars, currently priced at 15.84 US dollars, with a 24-hour increase of 3.41%.

METIS: Approximately $690,000, currently priced at $118.35 USD, with a 24-hour decrease of 1.4%.

AAVE: Approximately $660,000, currently priced at $102.06, with a 24-hour decrease of 5.79%.

Aave founder exchanged 5,500 AAVE for 564,000 USDC in the past 7 hours

On January 17th, according to Spot on Chain monitoring, Aave founder Stani Kulechov exchanged 5,500 AAVE for 564,000 USDC in the past 7 hours.

A trader who bought TROLL after Musk changed his personal information has made over 100 times profit

On January 17th, according to Lookonchain, a trader immediately withdrew 4,313 ETH ($10,113) from Binance and spent 4.3 ETH to purchase 19.37T TROLL after Elon Musk changed his personal profile to "Chief Troll Executive" on Twitter. The trader then sold 9.37T TROLL at a price of 5.318 ETH ($12,467) to recover the cost. They currently hold 10T TROLL, worth $1.03 million.

A token suspected to be related to the FERRET deployment address was purchased within 1 second of its launch, with a floating profit of $550,000.

On January 17th, according to Lookonchain monitoring, within the past 8 hours, a suspected FERRET insider earned approximately $550,000 with only 0.34 ETH (about $878). The insider spent 0.34 ETH on 5 new wallets to purchase 80 million FERRET coins within one second of FERRET's opening, and then sold 11.8 million FERRET coins at a price of 21 ETH (about $54,000). The insider currently holds 68.2 million FERRET coins, which are worth approximately $497,000 at the current price. Lookonchain indicates that the insider seems to be related to the deployer, and both have transferred FERRET to a wallet address starting with 0xE510.

FTX hackers transferred $12 million worth of Bitcoin this morning

On January 17th, according to Arkham monitoring, the FTX hacker transferred another $12 million worth of Bitcoin this morning. Based on the previous transfer pattern, this fund is likely to be deposited into a cryptocurrency mixer. The hacker had already mixed over $600 million worth of Bitcoin during the last transfer on January 6th. Currently, the hacker's address has transferred almost all of the stolen Bitcoin from their known accounts, leaving a balance of only 1.5 Bitcoin.

Defiance Capital sold 710,000 LDO at an average price of $3.34

It is reported that this vulnerability can be exploited by attackers to access data beyond the memory buffer, thereby obtaining sensitive information or causing crashes, or executing code in combination with other vulnerabilities.

EVM compatible blockchain Monad will integrate with LayerZero

On January 17th, EVM-compatible blockchain network Monad announced that it will integrate with cross-chain interoperability protocol LayerZero to support seamless asset transfer to over 50 other blockchains. As previously reported by BlockBeats, on February 14th, 2023, Monad Labs, an EVM-compatible blockchain project founded by former Jump Trading research head Keone Hon, completed a $19 million seed round of financing, led by Dragonfly Capital with participation from Placeholder Capital, Lemniscap, Shima Capital, Finality Capital, angel investor Naval Ravikant, Cobie, and Hasu.

CeFi Information

Binance will launch a 1-75x USDC perpetual contract based on DOGE.

On January 17th, according to an official announcement, the Binance futures platform will launch a DOGE USDC perpetual contract denominated in the base currency on January 18th, 2024 at 18:00 (GMT+8), with a maximum leverage of up to 75x.

Financing Express

LK Venture, a subsidiary of Blue Harbour Interactive, has reached a strategic cooperation agreement with Web3Labs to jointly invest in and incubate Web3 projects.

On January 17th, LK Venture, a subsidiary of Hong Kong-listed company Blue Harbour Interactive, announced a comprehensive strategic partnership with Web3Labs to further strengthen investment and incubation in the Web3 field and jointly promote technological innovation and commercial applications in the industry. Through this partnership, the two parties will focus on the Bitcoin network ecosystem, the intersection of artificial intelligence (AI) and Web3, blockchain games, Ethereum Layer 2 applications, emerging blockchain technology stacks, and other areas. Combining LK Venture's experience in cryptocurrency investment and research with Web3Labs' professional capabilities in innovative project incubation and acceleration, they will jointly develop and support innovative Web3 projects, striving to provide a more comprehensive development platform for global Web3 entrepreneurs. Next, LK Venture and Web3Labs will gradually disclose their cooperation plans for investment and incubation in the Web3 field, empowering more high-quality innovative projects to develop.

Wang Feng, Chairman of Blue Harbour Interactive and founder of LK Venture, said that Blue Harbour Interactive is accelerating its layout of Web3 technology and applications, and LK Venture will fully leverage its professional investment research advantages in the Web3 field to provide more resource support for innovative projects. We hope that through this cooperation with Web3Labs, we can bring new vitality and innovation opportunities to the development of the Web3 industry. Huang Junlang, CEO of Web3Labs, said that we are pleased to cooperate with industry-leading institutions such as LK Venture, which will greatly promote our support for Web3 entrepreneurial projects in Hong Kong and around the world, and provide richer and higher-quality resources for innovators, entrepreneurs, and investors.

Canza Finance has completed a strategic financing of $2.3 million, led by Polychain.

On January 17th, blockchain financial company Canza Finance announced the completion of a $2.3 million strategic financing round, led by Polychain with participation from ProtocolLabs, Ava Labs, 99 Capital, Bitscale Capital, Stratified Capital, Kairon Labs, and others. The funds raised in this round will be used to further develop their tools and services, with a focus on reducing the costs of doing business on the African continent.

Ego Death Capital will raise $100 million for its second fund to invest in the Bitcoin ecosystem

On January 17th, according to Bitcoin Magazine, Ego Death Capital announced the launch of a new round of financing "Fund II", aimed at raising $100 million to promote the growth of the Bitcoin ecosystem. Founded in 2021, this venture capital firm is led by Jeff Booth, Andi Pitt, and Nico Lechuga, and has received consulting support from Preston Pysh, Lyn Alden, and Pablo Fernandez. Previously, Fund I raised a total of $25.2 million.

MAP Protocol receives strategic investment from Bitrise Capital Growth Fund

On January 17th, the Bitcoin Layer2 project MAP Protocol received a strategic investment from Bitrise Capital Growth Fund, with the specific amount undisclosed. MAP Protocol was established in 2019 after 5 years of development. It is a Bitcoin L2 used for peer-to-peer cross-chain interoperability. Bitrise Capital was founded in 2017 and is a major participant in the blockchain venture capital field, managing assets exceeding $200 million.

Viewpoint Data

PayPal US dollar stablecoin PYUSD circulation exceeds 290 millionOn January 17th, according to on-chain data, the total issuance of the USD stablecoin PYUSD launched by PayPal has reached 294,195,079, with 31,714 holding addresses.

A newly issued spot Bitcoin ETF has attracted a capital inflow of $2 billion.

On January 17th, James Butterfill, research director at CoinShares, posted on social media that since the launch of ETFs based on physical Bitcoin, the Grayscale Bitcoin Trust (GBTC) has seen outflows of $1.18 billion. This week, the Bitcoin futures ETF (BITO) also saw outflows of $141 million. Meanwhile, the newly issued US physical Bitcoin ETF has attracted inflows of $2 billion.

Regulatory News

SBF's parents are seeking to dismiss the lawsuit filed by FTX against them.

On January 17th, according to Cointelegraph, SBF's parents are seeking to dismiss the lawsuit filed against them by FTX, denying the allegations that they knew about the issues with the cryptocurrency trading platform and intentionally benefited from the company's misconduct. According to court documents filed on January 15th, lawyers representing Joseph Bankman and Barbara Fried argued that FTX's lawsuit attempts to "fully exploit" the fact that they were former CEO of FTX.

Coinbase requested to dismiss SEC lawsuit, oral arguments to begin on Wednesday

On January 17th, according to Blockworks, several months ago, Coinbase attempted to dismiss the lawsuit brought against it by the US Securities and Exchange Commission (SEC), and now the company will soon face the agency in federal court. In response to the lawsuit filed by the SEC in June of last year, Coinbase requested a verbal argument to dismiss the lawsuit, which will begin on Wednesday morning in Manhattan. The SEC filed a lawsuit against Coinbase in June 2023, claiming that the listed cryptocurrency trading platform was not registered as a broker, trading platform, or settlement agency when it was operating. The agency claims that 13 cryptocurrencies on Coinbase have been identified as securities: SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH, and NEXO.

Coinbase argued in August that the SEC overstepped its bounds because none of these tokens fit the classification of securities. The exchange's lawyers further claimed that the regulatory agency allowed the exchange to go public in 2021 through a direct listing, which was an effective approval of Coinbase's business operations.

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