MakinaFi Hacked, 1,299 ETH Stolen Worth Around $4.13 Million

Jan. 20 — Per Hyperinsight data, as Bitcoin fell below $92k, the 1,000 BTC (≈$91.53M) 3x leveraged long position held by whale address pension-usdt.eth is currently in a $4.07M loss, with an average entry price of $95,614.5. The whale switched to going long on BTC immediately after closing a profitable ETH long position on Jan. 16.

On January 20, Ethereum’s ecosystem expansion team announced that the next Ethereum community center will launch in Hong Kong, with an official kickoff event set for January 24. The event will focus on in-person engagement, co-creation, and event hosting. Many community members view the Hong Kong center as a key node in Ethereum’s East Asia ecosystem.

On January 20, Ethereum Layer 2 project MegaETH announced its mainnet will launch on January 22. On launch day one, it will roll out a suite of USDM-based DeFi applications and initiate a global stress test targeting 11 billion transactions processed within 7 days. The test’s expected throughput ranges from 15,000 to 35,000 TPS.

January 20th — HyperInsight monitoring indicates a whale liquidated 242 BTC long positions at 13:47, incurring a $1.042 million loss. The whale still holds a long position in XYZ100 with 20x leverage, at an average entry price of $25,144.79. BlockBeats Note: XYZ100 tracks the Nasdaq 100 Index’s performance, acting as an on-chain equivalent of Nasdaq 100 futures that enables 24/7 trading (including leveraged) of U.S. tech stock index movements.

On January 20, the engineering team at X Platform announced the open-sourcing of its new algorithm, which uses the same Transformer architecture as xAI’s Grok model. Elon Musk commented on the move, saying: “We know this algorithm is clunky and needs major improvements, but at least you can see our efforts to refine it in real time and transparently. No other social media company has done this.” Earlier, on January 11, Musk had announced X would open-source its new algorithm within seven days—including all code that determines which organic search and ad content to serve users—with the process repeating every four weeks, accompanied by detailed developer instructions. Previously, posts related to “cryptocurrency” were blocked by X’s algorithm, sparking discussions in the crypto community.

On January 20, Donald Trump posted on Truth Social: "Just had a great phone call with NATO Secretary General Jens Stoltenberg about the Greenland issue. We agreed all parties will meet in Davos, Switzerland. Greenland is critical to U.S. national and global security — no turning back, everyone’s on the same page there. The U.S. is the world’s most powerful country, miles ahead of everyone else. We’re the only one that can guarantee world peace, and the path to peace is simple: strength!"