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NIP Group Mining Initial Operation Period Output 151.4 BTC, Will Further Expand Mining Machine Deployment Within the Year

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NEW YORK, Jan. 16, 2025 (GLOBE NEWSWIRE) — U.S.-listed NIP Group disclosed Tuesday that it mined 151.4 Bitcoin (BTC) during the initial operational phase of its Bitcoin mining business, spanning September through November 2025. The total output is valued at approximately $14.2 million, the company noted. As of Jan. 15, NIP Group’s mining hash rate stood at 9.66 exahashes per second (EH/s). The firm plans to expand its mining rig deployment in January 2025, with expectations to mine roughly 140 BTC per month moving forward.
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A whale withdrew 235,472 TRUMP from Binance, worth approximately $1.27 million

Jan. 16 — Per Arkham data, a crypto whale withdrew 235,472 TRUMP tokens from Binance roughly 20 minutes ago, with the sum valued at around $1.27 million.

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ETHGas Disclosure: GWEI Allocation Details and Staking Plan - Community Airdrop will automatically stake for 30 days

Jan. 16 — The ETHGas Foundation released details on the token distribution and vesting schedule for its governance token GWEI, with a total supply of 10 billion tokens: - **Ecosystem Allocation**: 31% → 10-year linear unlock - **Investor Allocation**: 27% → 1-year lockup (10% unlocked immediately at maturity, followed by 2-year linear unlock) - **Team Allocation**: 22% → Same vesting terms as Investors - **Community Allocation**: 10% → 4-year linear unlock - **Foundation Allocation**: 8% → Unlocked on the first day of listing - **Advisor Allocation**: 2% → Same vesting terms as Investors Additional notes: - GWEI distributed via community airdrops will be auto-staked for 30 days upon listing to ensure early contributors participate in governance. - Holders may lock GWEI for 1 week to 4 years to receive veGWEI.

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Hyperliquid's second largest ETH long position, a large limit price buy order, appears to be a planned attempt to buy the dip in Ethereum

January 16: On-chain analyst Ai Auntie (@ai_9684xtpa) reports that the top 2 ETH long address on Hyperliquid (0x94d…33814) holds a combined $318 million in long positions across ETH, BTC, and SOL, with $3.9 million in unrealized losses (ETH makes up 62.4% of the total). The address has placed two limit buy orders: - 786.85 BTC (valued at $74.95 million) in the $95,150–$95,381 range - 8,346.78 ETH (valued at $27.48 million) in the $3,285–$3,300 range Should the market pull back, the address is expected to decisively buy the dip and lean bullish.

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Data: Today 20,000 BTC Options Expire, Maximum Pain at $92,000

On January 16, Adam, a macro researcher at Greeks.live, released today’s options expiration data: - 20,000 BTC options are expiring, with a put-call ratio of 1.39, max pain at $92,000, and a nominal value of $2.3 billion. - 120,000 ETH options are expiring, with a put-call ratio of 1.04, max pain at $3,200, and a nominal value of $430 million.

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Tom Lee on Investing in Beast Industries: This is seen as a long-term moonshot akin to Ethereum, DeFi, and tokenization

**BitMine Unveils $200M Investment in MrBeast’s Beast Industries at Shareholders’ Meeting** January 16th – At BitMine’s shareholders’ gathering, Chairman Tom Lee outlined the company’s $200 million investment in Beast Industries, the venture led by renowned YouTuber MrBeast (the world’s most-watched creator). Key details from Lee’s update: - MrBeast’s values align closely with BitMine’s team, both at the corporate and personal levels; - BitMine now stands as Beast Industries’ largest corporate and strategic investor; - The investment is part of a long-term overarching vision focused on Ethereum, DeFi, and tokenization.

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Spot Silver Plunges 4.00% Intraday, Spot Gold Falls Below $4590/oz

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