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Noise Completes $7.1M Seed Round Financing, Led by Paradigm

2 hours ago

On January 14th, Noise—an attention market tool focused on building a prediction market-centric information platform—announced it has closed a $7.1 million seed funding round. The round was led by Paradigm, with participation from prior backers Figment Capital, Anagram, as well as GSR, JPEG Trading, and KaitoAI. Reportedly, Noise’s testnet launched in May 2023 as a limited invitation-only beta. It attracted over 1,300 users who used social media data from Kaito to bet on 14 attention markets tracking cryptocurrency topics. (Source: The Block)
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Federal Reserve Governor Waller: Regulatory easing will put downward pressure on prices, providing a rationale for rate cuts

Jan. 14 – Federal Reserve Board Governor Milan stated that easing regulations would exert downward pressure on prices, presenting another rationale for the U.S. Federal Reserve to cut interest rates. By 2030, up to 30% of regulations could be eliminated, potentially trimming annual inflation by half a percentage point. Easing regulations functions as a positive supply and productivity shock, boosting the economy’s capacity and easing price pressures. (FXStreet)

1 seconds ago

During Bitcoin's latest rally, the largest single liquidation in a short position was nearly $35 million.

Bitcoin briefly broke above $96,000 and $97,000 tonight (Jan 14), per Coinglass data. The largest single short liquidation during the rally hit $34.9782 million on HTX. Across the network, 11 additional short liquidations exceeded $1 million apiece.

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Sui Mainnet is currently experiencing network issues, and the team is looking for a solution

In an official Jan. 14 announcement, the Sui mainnet is currently experiencing network issues. The Sui core team is actively working to resolve the problem. At this time, decentralized applications (dApps) like Slush and SuiScan may be unavailable. Transactions may also be slowed, delayed, or temporarily halted.

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Stablecoin Service Provider Meld Completes $7 Million Funding Round, Led by Lightspeed Venture Partners

Jan 14 — Stablecoin service provider Meld has closed a $7 million funding round, led by Lightspeed Faction, with F-Prime, Yolo Investments, and Scytale Digital also participating, Fortune reports. The company’s total funding now stands at $15 million. The firm currently offers stablecoin payment services to both corporate and individual users, aiming to build a "crypto version of Visa" that supports global purchases or settlements of stablecoins, Bitcoin, Ethereum, and other digital assets.

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Bitcoin Surges Past $97,000, With a 24-hour Growth of 3.91%

On Jan. 14, Bitcoin surged past $97,000, per HTX market data, last trading at $97,072 with a 3.91% 24-hour gain.

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In the last 1 hour, there has been a total of $104 million in liquidations across the whole network, primarily from short positions.

On January 14th, data from Coinglass shows nearly $104 million in positions were liquidated within a single hour—with $102 million of that stemming from short positions.

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