Rising Japanese bond yields and escalating U.S.–Europe trade tensions have driven markets into a risk-off stance. Bitcoin has retreated below $90,000, as macro uncertainty grows.

Recently, **Ondo Global Markets expanded to the Solana mainnet**, directly offering over 200 tokenized U.S. stocks and ETFs on-chain, attracting joint attention from the crypto and traditional financial markets. As an important player in the RWA sector, Ondo's move has been described by multiple media outlets as "significantly expanding the range of tokenized assets within the Solana ecosystem," shifting the traditional asset supply that was originally concentrated on Ethereum and BNB Chain.

On January 19, 2026, according to media reports[i], a certain network engineer was accused of stealing funds from a gambling website, and police from two locations subsequently filed cases and seized 183 bitcoins, worth over 80 million yuan. In January 2026, this case was publicly heard in a court in Henan. This is a typical criminal case of "black eating black" in virtual currency. In practice, similar cases have been quite common in recent years, and I have encountered and represented several cases with similar circumstances during my work. Many parties involved and their families often misjudge key issues at the early stages of the case, such as "theft of virtual currency," "whether black eating black constitutes a crime," and "the validity of the charges," lacking a clear judgment on the direction of the case, the determination of charges, and evidence issues, ultimately missing the opportunity to strive for a favorable outcome. This article is based on the disclosed case information and combines criminal defense practice to address several questions that are of greatest concern to the parties involved and their families:

The law of equity grants legal confirmation, yet keeps the public at bay; tokens provide global access, yet lack substantial guarantees. We are ushering in a future where no compromises are needed.

1. On-chain funds: $34.5M flowed into Arbitrum today; $51M flowed out of Hyperliquid 2. Maximum price fluctuation: $SKR, $NOCK 3. Top news: Memes rebounded over 160% in 2 hours, market cap recovered to $13.69 million

"At that time, Friend Tech had revenue of 20 to 30 million dollars from transaction fees, but in the end, they surprisingly wanted to sell it to others for 1 million dollars."

Around 17:29 on January 21, 2026, in the UTC+8 time zone, an ancient ETH address dating back to 2016 broke a three-year silence and transferred **14,183 ETH** to Coinbase in a single transaction, equivalent to about **$41.93 million** at the time. Such a multi-million dollar single deposit from an early OG address is extremely rare in the current on-chain fund movements and was quickly classified by the market as a significant whale activity worth closely monitoring. Meanwhile, the price of ETH is

Aster launches HeyElsa ($ELSA) perpetual contracts, starting a $150,000 reward event.

This week, in the East 8th District time zone, market sentiment has rapidly heated up around the actions of two major on-chain whales who are leveraging their positions to buy Ethereum against the trend. On one hand, the ETH price is under downward pressure, while on the other hand, massive amounts of capital continue to accumulate long positions on-chain, and these positions are now overall in a state of unrealized losses. As news that Trend Research and "7 Siblings" collectively control about **1.25 million ETH** has been amplified by several Chinese media outlets, this leveraged capital hanging over the market...

On January 20, 2026, Pundi AI announced a partnership with the security agency Vital Block to build a data asset framework of "on-chain + audit + KYC" around the Dataset Tokens (DTOKs) generated by its Data Pump product. According to information disclosed by Pundi AI's official social media accounts, Vital Block will provide optional code auditing and team KYC services for DTOKs-related projects, attempting to capitalize on the rising narrative of DeAI.

The yield on Japan's 10-year government bonds soared to 2.330% on January 20, reaching a historic high since February 1999, while the U.S. bond market is experiencing its longest period of low volatility since 2020. This Friday, the Bank of Japan is set to announce its latest interest rate agreement, with the market widely expecting rates to remain unchanged. However, the yield on Japanese bonds behind this decision is rapidly climbing, as long-term Japanese government bonds continue to be sold off. Market analysis shows that with the yen continuing to depreciate and good wage growth...

This week, in the East 8 Time Zone, the on-chain data analysis platform **Nansen** launched an AI-driven integrated trading feature simultaneously on both web and mobile platforms. This new feature adds direct ordering and cross-chain asset scheduling capabilities to the existing data viewing and on-chain analysis functions, attracting market attention. The core of this upgrade is an attempt to connect data insights, trading decisions, and execution paths through a conversational AI interface, integrating what was previously scattered across browser wallets, DEX front ends, cross-chain bridges, and more.

On January 21, Eastern Standard Time, the on-chain data analysis platform **Nansen** officially launched its AI-driven integrated trading feature, transitioning from a single on-chain data analysis tool to a comprehensive platform for "analysis + trade execution." This update initially connects the **Solana** and **Base** networks, integrating on-chain data insights, AI conversational interactions, and real trading operations into one platform. Users can view data, adjust positions, and perform cross-chain scheduling all within the same interface, which signifies that Na