On January 23, 2026, Eastern Standard Time, Grayscale was reported by several Chinese media outlets to have "submitted a spot BNB ETF application to the SEC," which quickly sparked discussions in the market. However, based on the information currently available, it has been confirmed that **on January 9, 2026, Grayscale established the BNB Trust** (according to a single source), while the so-called "spot BNB ETF S-1 application" appears to be more of an extended interpretation made by some media in the reporting chain. BNB T

On January 23, Eastern Standard Time, **Grayscale submitted its first spot BNB ETF application to the SEC**, throwing a regulatory "test stone" into a market with low sentiment. At the same time, on-chain data and institutional reports provided complex signals: on one hand, DDC Enterprise increased its Bitcoin holdings to **1,583 BTC, with a paper return of approximately 33.8%**, while on the other hand, the proportion of respondents in a Coinbase institutional survey **believing the market is in a bear market increased**.

In today's crypto economy, optimists compare it to the era after the burst of the internet bubble, while pessimists liken it to emerging markets like China in the 2010s.

This week in East Eight Time Zone, the custodian **HexTrust** was monitored transferring **6,230 AAVE (approximately $983,000)** to Binance, along with approximately **$8.92 million worth of USDT/USDC assets**, with a total scale exceeding **$9.8 million**, and the source clearly pointing to a single custodian. This nearly ten million dollar level chip migration occurs during a phase where institutional funds are accelerating their on-chain and off-chain position reallocation, raising market speculation about it.

Canaan Inc., a cryptocurrency mining hardware manufacturer from China (also known as Canaan Technology, NASDAQ stock code: CAN), has received a delisting warning from NASDAQ.

On January 23, 2026, Eastern Standard Time, multiple on-chain data platforms monitored that **BlackRock-related addresses** transferred large amounts of cryptocurrency assets to **Coinbase/Coinbase Prime**, sparking a new wave of market attention on the traditional institutions' allocation trends in cryptocurrency assets. This transfer included **15,112 ETH** and **249.5 BTC**, with a total value of approximately **$66.63 million** based on the market conditions at that time, with data sourced from **Arkham** and **The Data Nerd**.

On the evening of January 23, 2026, Eastern Standard Time, on-chain monitoring data showed that **addresses tagged with the BlackRock spot ETF entity** transferred large amounts of cryptocurrency assets to **Coinbase and Coinbase Prime**, quickly attracting market attention. According to third-party monitoring data from Arkham Intelligence and The Data Nerd, this batch of funds included **approximately 15,112 ETH** and **249.5 BTC**, with a total value of about **based on the price at that time**.

Around January 23, 2026, in the UTC+8 time zone, a dispute that originally belonged to a small group chat within the hacker community was magnified into a "self-incrimination" incident worth tens of millions of dollars due to on-chain evidence. The hacker John (online alias **Lick**) actively showcased a wallet containing assets worth approximately **$23 million** during a quarrel with fellow community member Dritan Kapplani Jr., attempting to use the balance and performance to prove his "status in the community." However, this seemingly simple act of bragging

Recently, **GameStop's move to concentrate its holdings of Bitcoin (BTC) by transferring them to Coinbase Prime** has sparked the attention of on-chain monitoring accounts and crypto media. Jinse Finance Evening News cited a single source stating that GameStop has transferred **all of its Bitcoin holdings** to this platform, and the market's first reaction was to interpret it as a potential selling signal. For GameStop, which has long been deeply tied to retail culture and crypto narratives, every time

In the Eastern Eight Time Zone this week, the news that **GameStop's suspected related wallet transferred a large amount of Bitcoin to Coinbase Prime** quickly spread across social media and media outlets, with terms like "all transferred" and "liquidation sale" dominating the conversation. According to **CryptoQuant** data, GameStop previously accumulated approximately **4710 BTC**, with a total investment of about **$504 million**, and an average acquisition price of about **$107,900 per coin**, based on the current approximate value.

On January 23, 2026, at 8:00 AM UTC+8, **GameStop transferred its holdings of 4,710 BTC to Coinbase Prime**, quickly becoming the focus of the market. According to estimates from a single data source, its average purchase price for Bitcoin was approximately **$107,900 per coin**, while the market price on that day was about **$90,800 per coin**, corresponding to a total investment scale of approximately **$504 million**. This large on-chain transfer was interpreted by several media outlets as "possibly preparing to liquidate," as the price and cost were severely out of balance.

On January 23, 2026, at 8:00 AM UTC+8, the whale address **0x6B99** concentrated its purchases of the digital gold token **XAUT** on the derivatives platform **Hyperliquid**, drawing market attention. According to monitoring by Lookonchain, the address deposited **1.53 million USDC** into the platform and accumulated **481.6 XAUT**, which was approximately **2.38 million USD** at that time. Meanwhile, it is still visible on-chain that the address holds a balance of about **1.44 million USDC**.

In the past two days, an anonymous whale has made significant purchases and withdrawn **566.8 XAUT** from **centralized exchanges like Bybit**, with an estimated current value of about **2.79 million dollars**. This capital has quickly migrated from the market to the blockchain, drawing attention to its asset allocation intentions. Public data also shows that this whale still holds approximately **11.36 million USDT** in available ammunition, while the **average purchase price of XAUT in this round is about 4921 dollars per coin**.