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Coinone denies it is in talks with Coinbase on equity sale.

2 hours ago

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 overseas exchanges and domestic financial institutions, but specific details have not been finalized.
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A whale went 5x long on 84,900 HYPE, with an average entry price of $26.15

January 27 — Per monitoring from HyperInsight (https://t.me/HyperInsight), a whale opened a 5x long position on 84,900 HYPE at 11:16 UTC, with an average entry price of $26.15. The position is currently slightly profitable. The address has recently shifted sharply toward a HYPE-focused long strategy, departing from its earlier multi-asset diversified trading approach. Frequent recent position additions further signal strong confidence in the asset.

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「20 Million XMR Sniper」 continues to reduce XMR short position and remains the largest bearish investor

January 27: Per monitoring from HyperInsight (https://t.me/HyperInsight), the address "20 Million Band Hunter" (0x880a) has been steadily cutting its XMR short positions over the past hour. It remains the largest XMR short position on-chain, currently holding a short of 20,725.26 XMR (≈$9.71 million) with 5x leverage. The average entry price is $526.85, and the unrealized profit and loss (PNL) stands at $1.2 million per coin. This address follows an aggressive trading style, specializing in high-leverage short-term trades. It has accumulated a total profit of $104.9 million across its full trading cycle.

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South Korean Envoy to Visit U.S. for Trade Deal Talks, Trump Announces Tariff Hike on S. Korea Early Today

**Trump Announces Tariff Hike on South Korea Over Unratified 2025 Trade Deal; Seoul to Send Trade Rep to U.S.** Earlier today, former U.S. President Donald Trump said he will raise reciprocal tariffs on South Korean goods from 15% to 25%, citing the South Korean National Assembly’s failure to ratify a 2025 bilateral trade agreement. Trump noted he and South Korean President Moon Jae-in struck a mutually beneficial deal on July 30, 2025, and reaffirmed the terms during his October 29, 2025 visit to Seoul. “The National Assembly has not passed our historic trade deal—this is within their authority,” he stated. The tariff increase applies to automobiles, lumber, pharmaceuticals, and all other South Korean products. On January 27, South Korea’s Office of the President announced its Trade Representative will travel to the U.S. to meet with the U.S. Trade Representative (USTR) to discuss implementing the trade agreement. Seoul will express its willingness to uphold the tariff agreem

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Base Genesis: The core team will not engage in wash trading the Base ecosystem token behind the scenes

On January 27th, Base co-founder Jesse Pollak stated that the Base core team will not engage in any behind-the-scenes "rug-pulls" of the Base ecosystem token, privately coordinate fund deployments, or actively manipulate asset prices to hit specific goals—actions he noted would actively harm other assets, prove unsustainable long-term, contradict Base’s free and open market values, and likely be illegal. Pollak emphasized Base is and will remain capable of driving distribution and adoption for high-quality assets and apps. He added that Base—and all markets—should be free, open, and fair, and that his responsibility is to ensure this stays true.

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「Silver Squeeze Air Force」 Shorts $45 Million Worth of Silver, Faces $4.46 Million in Unrealized Losses

Per LookOnChain monitoring on January 27th, the "Silver Head and Shoulders Air Force" whale shorted $45 million worth of silver with 20x leverage on the Hyperliquid platform. The whale recently liquidated 66,900 SILVER contracts, incurring a loss of $823,000. It still holds a short position of 352,000 SILVER contracts, with an unrealized loss of $4.46 million.

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Viewpoint: Hype Selling Pressure Easing, Bullish Market Sentiment for Future Prospects

Jan 27 – Crypto analyst Ericonomic broke down HYPE’s recent sharp price drop, noting the slide from $45–$50 to ~$20 wasn’t random—it stemmed from three distinct selling pressure sources, all already resolved or nearly exhausted. Most trackers show ~9.9M HYPE tokens unlocking monthly, leading many to assume ~$200M in monthly sell pressure. That assumption is wrong: Unlocking ≠ distribution ≠ selling ≠ open-market selling. On-chain data indicates only 7–10% of initially unlocked HYPE has hit the open market; the rest went to OTC trades and staking. By Q4 2025, HYPE’s derivatives structure was unhealthy, with long positions dominating. Ongoing liquidations wiped out most leveraged long positions; ~$150M in long positions remain, with liquidation levels below $15—but leverage-driven downside pressure has largely dissipated. Sixteen Tornado Cash-linked addresses involved in HYPE funding amassed ~4.4M HYPE tokens at ~$8.8 apiece (worth ~$80M). Starting early January, the group launc

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