"Whale Who Longed $8 Million on 11 Meme Coins" Sees Their Overall Unrealized Gains Shrink to $1.04 Million, Profits Nearly $1 Million

On January 11, Elon Musk announced on X that the platform’s new algorithm will be open-sourced within the next seven days—including all code that powers recommendations for both organic search results and ad content to users. This process will repeat every four weeks, with detailed developer documentation. In response, ZachXBT—known as the “On-chain Detective”—said X should reduce its algorithm’s sensitivity. According to him, if users like or view posts unrelated to their interests on the For You page, they’ll be flooded with similar content, while posts from followed accounts or topics they engage with won’t show up on the page. Separately, CryptoQuant CEO Ki Young Ju noted that X bots posted 7,754,367 crypto-related tweets yesterday—a 1,224% surge. This spike led the X algorithm to block crypto-related content.

On January 11, security firm Malwarebytes (cited by Engadget) reported that Instagram suffered a data breach exposing sensitive information of roughly 17.5 million users—including usernames, email addresses, phone numbers, and physical addresses. The compromised data has been listed for sale on the dark web, and is being used in phishing attacks and account takeovers. Malwarebytes noted the incident may tie to an API exposure issue Instagram faced in 2024. Affected users have recently received frequent password reset emails. Meta has yet to issue an official response. Security experts advise users to enable Two-Factor Authentication (2FA) and change their passwords.

On Jan. 11, blockchain analytics firm Onchain Lens reported that Bitmine has staked an additional 86,400 Ethereum (ETH), valued at $2.663 billion. This brings Bitmine’s total staked ETH to 1,052,192, worth approximately $3.25 billion.

January 11 – Per GMGN market data, the Chinese meme coin Laozi has topped $11 million in market capitalization, currently at $11.18 million, hitting another all-time high. The token has surged nearly 44.37% over the past hour. This meme-focused Chinese token traces its roots to a tweet from Binance CEO Changpeng Zhao (CZ). BlockBeats Note: Meme coins are highly volatile, often driven by market sentiment and speculative narratives with no inherent value or practical use cases. Investors should be aware of associated risks.

As of January 11th, per Polymarket data, the likelihood of a U.S. strike against Iran by January’s end has risen to 46%, while the probability of such an action by March’s end stands at 62%. This morning, former President Trump received a briefing on potential strikes against Iran but has not yet made a final decision. Additionally, the Pentagon Pizza Index saw a sharp surge overnight and this morning.

On January 11, Tether has registered the trademark for its asset tokenization platform Hadron in Russia, per TASS. Records indicate Tether filed the application in October 2025, received approval in January 2026, and the trademark’s exclusive rights are valid through October 2035. The mark covers blockchain financial services, cryptocurrency trading/exchange, crypto payment processing, and related advisory services.