Cathie Wood: Quantum Computing True Commercialization Still a Few Decades Away

On January 23, LookOnChain monitoring data shows a "whale" has deposited another 250,000 USDC into Hyperliquid, further expanding its ETH long position. Current holdings total 4,450 ETH (roughly $12.94 million), with a liquidation price of $2,841.97.

Jan 23rd: Per HyperInsight monitoring, "Brother Ma Ji" Huang Licheng has trimmed his ETH long position. He currently holds a 3,600-ETH long position with 25x leverage (valued at ~$10.49M), with an average entry price of $2,945.42, an unrealized loss of 28% (~$110k), and a liquidation price of $2,880.36.

On January 23, the final reading of the U.S. January year-over-year inflation rate came in at 4%, below the market expectation of 4.2% and down from the prior reading of 4.20%. (FXStreet)

On January 23, LookOnChain data shows a whale address (0xffe6) unstaked 665,035 HYPE tokens (valued at ~$14.23 million) and transferred them to crypto exchange Bybit.

**Jan. 23 (CoinDesk) —** Ethereum and the broader crypto market pulled back this week despite a strong start to 2024, but Standard Chartered’s Head of Digital Asset Research Geoff Kendrick remains bullish on the space. ETH traded around $2,912 during early U.S. trading Friday, down ~12% on the week and now 1.7% lower year-to-date (YTD). BitMine (BMNR) — the largest corporate holder of Ethereum currently, per Tom Lee — saw its stock drop nearly 9% this week, pushing its YTD decline to ~10%. Kendrick highlighted a surge in Ethereum network activity lately, with transaction volume hitting a record high. That’s largely tied to December’s Fusaka upgrade, which boosted capacity. Unlike past upgrades that failed to drive sustained growth, Fusaka has eased bottlenecks, letting more users and devs transact smoothly — a key difference from prior cycles, he noted. BitMine hasn’t slowed its Ethereum purchases, Kendrick added, and Lee outlined plans for more acquisitions at the firm’s annu

**January 23 Update** Per Christine D. Kim’s summary of Ethereum’s 173rd consensus layer core developers (CL Devs) meeting on X: - To launch the Glamsterdam upgrade by mid-2024, developers may need to significantly scale back the upgrade scope. While a formal acknowledgment of a plan-timeline mismatch hasn’t been issued, any such issue must be resolved by the end of February. **Key Meeting Takeaways:** 1. If the interoperable version of EIP-7732 isn’t finalized by February’s end, the community will consider removing it from Glamsterdam and delaying it to a future hard fork. 2. Consensys Teku client identified node performance issues in mainnet stress testing, which are slowing upgrade progress. 3. EIP-7928 requires a small-scale API review by client teams. 4. The proposal deadline for the “Headliner EIP” of the Hegota upgrade is February 4. 5. Some client teams have completed preliminary work on EIP-7688 library updates.