MilkyWay Protocol Announces Gradual Shutdown and Permanent Closure
On January 15, MilkyWay Protocol announced it is winding down operations gradually and will shut down permanently. The protocol cited three key factors: a mismatch between decentralized finance (DeFi) demand and adoption falling short of expectations, the delayed launch of its WayCard, and its failure to quickly ease financial pressures.
MilkyWay’s revenue was primarily generated from liquidity staking fees, with the protocol retaining a 10% share. As part of its shutdown process, USDC will be distributed proportionally to eligible snapshot holders to refund accrued protocol fees to MILK token holders.
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BNB Foundation Completes 34th Quarterly BNB Burn, Burning 1.277 Billion Worth of BNB
On January 15, official sources confirmed the BNB Foundation has officially announced that BNB Chain has successfully completed its 34th quarterly BNB token burn. Key details of the burn are as follows:
- Total tokens burned: 1,371,803.77 BNB
- Approximate value at the time of burn: $1.277 billion
- Remaining supply: 136,361,374.34 BNB
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「BTC OG Insider Whale」 Proxy: Market Risk Appetite Rising, Bitcoin and Ethereum Still Have Room for Further Upside
On January 15, Garrett Jin—an analyst with BTC OG Whale Insider—posted the following:
"As we noted earlier, the Nasdaq dropped yesterday while the Russell 2000 outperformed.
This is a classic risk-on rotation, signaling rising market risk appetite and continued capital inflows into high-beta crypto assets.
Bitcoin and Ethereum are currently in a bullish continuation phase, with further upside ahead."
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Queue to Join Ethereum PoS Network Surpasses 2.55 Million ETH, Equivalent to around $8.59 Billion
January 15th — Per data from Validator Queue tracking site validatorqueue, the amount of ETH waiting to join Ethereum’s PoS network in the current queue continues to climb to 2,554,732, worth approximately $8.59 billion, with an estimated activation delay of around 44 days and 8 hours. The primary driver is BitMine’s recent staking of a large portion of its ETH holdings.
On the other hand, only 64 ETH have exited the Ethereum PoS network queue, worth roughly $215,000, with an exit waiting time of about 2 minutes.
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London Stock Exchange Group Launches 24/7 Blockchain Settlement Platform for Tokenized Deposits
January 15 – The Block reports that London Stock Exchange Group (LSEG) today launched the **LSEG Digital Settlement House (LSEG DiSH)**, a blockchain-powered platform enabling 24/7 real-time settlement of tokenized deposits from commercial banks.
The platform supports multi-currency, cross-network settlement, dynamic intraday liquidity management, synchronized settlement (PvP/DvP), and risk mitigation capabilities. It is operated by LSEG’s Post Trade Solutions division.
Beyond settling on its own ledger, LSEG DiSH acts as a notary to facilitate settlement across connected networks. LSEG has completed a proof of concept (PoC) on the Canton Network, working with software firm Digital Asset and a consortium of financial institutions. The PoC successfully delivered same-day cross-currency, cross-asset repo transactions.
Notably, LSEG previously launched a blockchain platform for private funds in September 2025.
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A whale has closed a 5x HYPE long position, losing approximately $7.18 million
January 15 — Onchain Lens data shows that whale address 0xBd8 closed a 5x leveraged long position on HYPE, incurring a roughly $7.18 million loss.
In total, the whale’s net loss reached $8.09 million, and it withdrew all remaining funds from the HyperLiquid exchange.
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