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Farcaster Founder Responds to Rumors: Protocol Not Shutting Down, Merkle to Fully Refund $180M Funds

2 hours ago

January 23 — Farcaster Founder Dan Romero Clarifies Platform Not Shutting Down, Addresses Market Rumors Addressing recent market rumors, Farcaster founder Dan Romero issued a clarification confirming the platform has not shut down. The protocol is currently operating smoothly and will continue running going forward. Data indicates Farcaster counted roughly 250,000 Monthly Active Users (MAU) in December 2025, with over 100,000 funded on-chain wallet addresses. Romero noted Farcaster’s acquirer, Neynar — a venture-backed startup — plans to steer the platform toward a more developer-centric direction moving forward, not discontinue it. Additionally, Romero touched on his other project, Merkle, revealing the team has decided to fully refund the $180 million it raised from investors. He added that over the past five years, the team has consistently strived to be a responsible steward of investor capital. Romero also clarified the funds used for real estate purchases came from Coinbase IPO proceeds, addressing public speculation.
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The Bank of Japan Keeps Interest Rate Unchanged, in Line with Expectations

January 23 — The Bank of Japan (BOJ) held its benchmark interest rate steady at 0.75%, matching market expectations. The central bank added that it will continue raising its policy rate if economic and price developments remain in line with its forecasts and improve as the economy and prices advance. (Xinhua)

1 minutes ago

Gold Token Contract 24-Hour Trading Volume Re-enters Hyperliquid Top Ten

January 23rd — Per monitoring from Hyperinsight, the PAXG gold token contract recorded $17.05 million in trading volume on Hyperliquid over the past 24 hours, ranking ninth on the platform (above FARTCOIN, AAVE, and BNB). Its contract position size stands at $71.99 million, with the current funding rate at -0.0023%. During a broad market downturn, funding rates are typically negative: shorts are required to pay fees to longs. Links retained as original: - Hyperinsight: Hyperinsight - Hyperliquid: Hyperliquid

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Vitalik: This year is the year of "Reclaiming Computational Sovereignty," proposing the integration of technologies such as ZKP, TEE, FHE for on-premises LLM deployment

On January 23, Vitalik shared a post stating that 2026 will be the year of reclaiming computing self-sovereignty, highlighting the start of reducing data leakage to centralized services. He noted he switched to Fileverse encrypted documents and Signal/Simplex/Session messaging apps last year—all decentralized open-source tools—and plans to further transition to OpenStreetMap, Protonmail, and decentralized social networks in 2026 to safeguard location and communication privacy. Vitalik also discussed the progress and pain points of deploying large language models (LLMs) locally, outlining a future path for efficient privacy computing through a combination of technologies like zero-knowledge proofs (ZKP), trusted execution environments (TEE), and fully homomorphic encryption (FHE).

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「DASH Whale Short」 Takes Profit on BTC Long, Nets $711,000

January 23rd — Per HyperInsight monitoring, the "DASH Largest Short" whale (0x94d37) closed its BTC long position 3 hours ago, netting $711k in profit. The address remains the largest DASH short holder on Hyperliquid, holding a 5x-leveraged short of 112,150.15 DASH at an average entry price of $74.93, with $1.147M in unrealized profit. Additionally, it holds long positions on ETH and SOL, totaling $1.258M in unrealized profit.

1 minutes ago

casualpig.eth withdrew 10 million ENA from Bybit and staked it

On January 23, LookOnChain reports that whale address casualpig.eth withdrew 10 million ENA (valued at $1.75 million) from Bybit 12 hours ago and staked the tokens.

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Yesterday, the ELSA team's wallet address transferred $4 million worth of tokens to Bybit, causing a price rollercoaster early this morning.

Per onchainschool.pro monitoring, **$4 million worth of ELSA** was transferred from a team-controlled wallet to two newly created addresses late on January 23rd, before being sent to the Bybit exchange shortly thereafter. Market data shows ELSA staged a volatile, rollercoaster-like swing: it surged 173% at 5 a.m. this morning, then plummeted 38% within the following hour. At press time, ELSA trades at $0.21459, with a corresponding market capitalization of $48.54 million.

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