Farcaster Acquisition by Neynar Sparks Debate: Founding Team Exits, Supporters Optimistic about Handover, Critics Question "Overvalued Cash-Out"
January 22 — Decentralized social protocol Farcaster has been acquired by its core infrastructure provider Neynar, sparking widespread discussion in the crypto community.
Farcaster co-founder Dan Romero confirmed that in the coming weeks, the protocol’s contracts, codebase, official app, and the Clanker project will all transfer to Neynar for operation and maintenance. He and some members of the Merkle team will step back from day-to-day management to pursue new projects.
Supporters frame the acquisition as an “ecosystem baton pass.” Several developers noted Neynar has long served as Farcaster’s de facto backend, supporting numerous client and developer tools while deeply understanding the ecosystem’s needs. Neynar is viewed as the most fitting successor, poised to bring fresh energy to Farcaster and a clearer development roadmap.
Criticism, however, is sharp. Some observers pointed out Farcaster—backed by Paradigm and a16z—raised over $150 million in funding at a $1 billion v
6 minutes ago
Bitcoin Deposit FOMO Intensifies, with CEX Net Inflow of 7,111.20 BTC in the Last 24 Hours
As of January 22nd, Coinglass data shows that over the past 24 hours, centralized exchanges (CEX) have seen a net BTC inflow of 7,111.20 BTC.
The top three CEX by inflow volume are:
- Binance: 5,267.47 BTC net inflow
- Coinbase Pro: 614.64 BTC net inflow
- Bitfinex: 392.19 BTC net inflow
Additionally, Kraken led the outflow list with a net BTC outflow of 122.94 BTC.
6 minutes ago
「Former PEPE Top Bull」 Reloads Long on ETH, Entry Price: $3006.63
January 22 — Per HyperInsight monitoring, the "former PEPE top bull" opened a 5x leveraged long position of 6776.62 ETH today, with an average entry price of $3006.63, yielding a floating profit of $47k.
The same address was previously the largest long holder of kPEPE on Hyperliquid, netting $963,600 in profits. It closed its ETH long position yesterday with a $223,900 loss.
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Space Public Sale Sparks Controversy: $2.5 Million Target Actually Overraised 8x, Team Attempts to Retain Millions
Jan 22nd — A decentralized leveraged prediction market project stirred up controversy in its latest ICO round, after originally targeting $2.5 million in funding but ultimately raising $20 million.
The project team later clarified the $2.5 million was a "soft cap" (not a hard cap)—a disclosure in line with standard Launchpad practices—allowing it to expand fundraising amid strong market demand. The team noted $2.5 million would only cover "initial development for a few months" and was insufficient to sustain multi-year development of leveraged prediction market infrastructure.
Per the team’s disclosures, it plans to hold roughly $13 million of the overraised funds (with a fully diluted valuation, or FDV, of approximately $69 million), while the remainder is earmarked for liquidity, ecosystem growth, and market-related efforts.
However, the explanation failed to ease doubts. Ethos CEO Serpin Taxt called the project’s actions—raising a "nominal $2.5 million, actual $20 million,
6 minutes ago
"The Day Trading Champion" achieved a perfect record today with 11 profitable BTC scalping trades, earning $19,000
January 22 — Per HyperInsight monitoring, the trader known as "Battle King" executed 11 BTC scalping trades today, maintaining a perfect record and accumulating $19,000 in profits.
The address has completed 202 total transactions: only 5 resulted in losses (totaling $5,195.36), while the remaining 197 were closed with profits, yielding an overall account gain of $388,500.
6 minutes ago
Gold Token Contract on Hyperliquid Sees 110% MoM Increase in Trading Volume
January 22 — HyperInsight monitoring reveals that over the past 24 hours, the futures trading volume of gold-backed token PAXG on Hyperliquid hit $47.9 million, ranking 12th on the platform. This represents an 110.82% jump from the prior period.
PAXG’s open interest currently stands at $71.51 million, with a funding rate of 0.0013%.
Notably, during bull markets, funding rates are typically positive: long positions pay fees to short positions.
6 minutes ago
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