"The BTC OG Insider Whale" Reduces Holdings by 14,000 ETH and 427.28 BTC Long Position, Currently at a Loss of $47.97 Million"

January 27th — Per the Coinbob Popular Address Monitor, the "BTC OG Insider Whale" address has cut its long positions over the past 8 hours, reducing ~30,580 ETH longs and 427.3 BTC longs worth roughly $126 million. This partial sell-off resulted in a realized loss of ~$9.7 million. Subsequently, the address withdrew ~$20 million in collateral and deposited it to Binance. Its total position size now stands at $679 million, with an unrealized loss of ~$49 million — remaining the largest on-chain long holder for ETH and SOL. Current holdings breakdown: - 5x ETH Long: $560M position, avg price $3,161, unrealized loss $44.63M (-39%), liquidation price $2,157 - 10x SOL Long: $63.5M position, avg price $130, unrealized loss $3.06M (-48%) - 5x BTC Long: $50.7M position, avg price $91,500, unrealized loss $1.72M (-17%) Today, the whale’s on-chain address (0xcA0) continued borrowing stablecoins on AAVE, with $240 million borrowed so far. It has accumulated 148,000 ETH on the platfor

January 27 – South Korean cryptocurrency exchange Coinone has denied holding talks with Coinbase regarding a stake sale, per Beincrypto. A Coinone spokesperson stated that rumors of a stake sale are “entirely unfounded.” While the exchange has received collaboration proposals from numerous overseas exchanges and domestic companies, this is standard practice for engaging with various parties when evaluating business expansion opportunities. Interpreting these discussions as a stake sale is inconsistent with the facts, the spokesperson added. On January 26, BlockBeats previously reported that Seoul Economic Daily noted Coinone’s majority shareholder and board chairman Cha Myung-hoon is considering selling a portion of his holdings. Cha collectively owns 53.44% of Coinone’s shares via his personal firm The One Group (3.430% stake) and his personal holdings (19.14%). Sources familiar with Coinone said the exchange is discussing equity investment and other collaboration plans with ove

On January 27, Solana co-founder Toly updated his Twitter profile picture to a Penguin-themed concept image. Per GMGN monitoring (link: https://gmgn.ai/sol/token/i_m4TE56o8_8Jx8AAHj86wbQgUTjGuj6GTTL5Ps3cqxKRTvpaJApump), this news may have sparked a temporary surge of over 17% in **PENGUIN**, a Solana-based meme coin. PENGUIN currently has a market cap of $9,330 and a 24-hour trading volume of $80.6 million. BlockBeats cautions that meme coin trading is highly volatile, heavily tied to market sentiment and hype cycles, with no inherent value or practical use case. Investors should be mindful of these risks.

On January 27, Vitalik published a post outlining blockchain scalability’s core hierarchy: computation, data, and state. Computation is the easiest to scale. It can be parallelized, and block producers can either provide verification hints or replace large-scale arbitrary computation with proofs of the result. Data sits in the middle. If data availability is required, that guarantee is unavoidable—but data can be sharded and erasure-coded. There’s also "progressive degradation": a node with just 1/10 the data processing power of others can still produce blocks 1/10 the size of typical blocks. State is the hardest to scale. Even validating a single transaction requires the full state. Replacing state with a tree and keeping only the root hash still demands the complete state to update that root. While state sharding exists, it requires architectural overhauls and fundamentally lacks generality. His key takeaway: If you can replace state with data without new centralization r

January 27: Bitcoin has surged back above $88,000, now trading at $88,609. On Polymarket, Bitcoin’s chance of dropping to $85,000 in January has fallen to 30%. Additionally, the odds of it hitting $80,000 are 4%, while the probability of rising to $100,000 is just 2%.

On January 27th, the Solana meme coin **COPPERINUS** (link: https://gmgn.ai/sol/token/61Wj56QgGyyB966T7YsMzEAKRLcMvJpDbPzjkrCZc4Bi) launched. Its market cap surged to over $12 million within 9 hours of going live before pulling back; currently, it stands at $9.75 million, with 24-hour trading volume hitting $31.2 million. BlockBeats reminds users that meme coins are highly volatile assets—often fueled by market sentiment and hype, not tangible value or utility. Investors should be mindful of the associated risks.