Crypto Morning News: "Hyperliquid 50x leverage whale" turns out to be a thief using the network to launder stolen funds; Binance C2C trading now supports QQ Wallet payments
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Crypto Morning News: "Hyperliquid 50x leverage whale" turns out to be a thief using the network to launder stolen funds; Binance C2C trading now supports QQ Wallet payments
Macro volatility has slightly eased, and a potential policy shift by the Fed could become a catalyst for Bitcoin's upward movement.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Market Developments Yesterday
IntoTheBlock: Ethereum MVRV Ratio Drops to 0.9, Historically a Strong Entry Signal
According to IntoTheBlock data, Ethereum's (ETH) MVRV (Market Value to Realized Value) ratio is currently around 0.9. This level is uncommon in Ethereum’s history and typically appears during bear markets. Historical data suggests that an MVRV below 1 often coincides with favorable entry points for Ethereum.
David Sacks: Divested Crypto Assets Due to Government Ethics Rules, Not a "Dump"
David Sacks, White House cryptocurrency and AI advisor, clarified recent reports regarding his crypto asset disposition. Sacks stated that media outlets inaccurately described his actions as “dumping” cryptocurrency, when in fact he conducted a mandatory “divestment” in compliance with government ethics regulations.
ZachXBT: The "Hyperliquid 50x Leverage Whale" Is Actually a Cybercriminal Gambling with Stolen Funds
On-chain investigator ZachXBT revealed on X that the much-discussed “Hyperliquid 50x leverage whale” is actually a cybercriminal gambling with stolen funds.
When asked by users to disclose the individual’s identity, ZachXBT responded: “We’ll see. Posting investigations on X/Twitter isn’t enjoyable anymore.”
ZachXBT also explicitly ruled out any connection between this address and the North Korean hacking group Lazarus Group.
QCP Capital: Macro Volatility Eases Slightly; Fed Policy Pivot Could Fuel Bitcoin Rally
QCP Capital’s latest analysis indicates that while a rate cut by the Fed this Wednesday remains highly unlikely, any dovish signals from Powell could serve as a catalyst for Bitcoin’s upward momentum. As the U.S. shifts from “fiscal dominance” (growth driven by government spending) toward deficit reduction under Trump’s agenda, the burden of economic management is shifting back to monetary policy. While QCP does not anticipate an unexpected rate cut, dovish commentary could ignite bullish momentum.
Macro volatility has eased slightly, with the VIX index falling back to around 20 and Bitcoin’s volatility also declining. Price action remains range-bound between $80,000 and $85,000. In the absence of new tariff announcements, geopolitical concerns are regaining focus. Gold has surged past $3,000, while Bitcoin continues to show negative correlation.
Historically, cryptocurrency prices tend to lag changes in global liquidity conditions. With a potential pivot from the Fed and fresh stimulus measures emerging from Europe and China, Bitcoin may enter a new uptrend following the current correction.
Coinbase Survey: 83% of Institutional Investors Plan to Expand Crypto Allocations This Year
According to CryptoSlate, a recent survey by Coinbase and EY-Parthenon found that 83% of institutional investors plan to increase their crypto allocations in 2024. Conducted in January among 352 institutional decision-makers, the results suggest growing confidence in digital assets amid clearer regulatory landscapes and broader use cases.
Binance Announces Launch of Binance Alpha 2.0
Per official announcement, Binance has launched Binance Alpha 2.0, which expands upon the original Binance Alpha by integrating it directly into Binance Exchange while remaining accessible via Binance Wallet. This innovative solution bridges the gap between CEX and DEX trading, enhancing liquidity, capital efficiency, and user accessibility.
With Binance Alpha 2.0, users can now explore and purchase on-chain tokens directly within the Binance exchange without withdrawing assets to external wallets or creating new on-chain wallets. The product enables Binance Exchange users to seamlessly use funds from their Spot, Funding, and Binance Pay-supported accounts to buy Alpha tokens.
A key distinction between Binance Alpha and Binance Alpha 2.0 lies in platform availability: Binance Alpha operates within Binance Wallet, allowing users to discover and purchase curated tokens directly from the wallet. In contrast, Binance Alpha 2.0 is integrated into the Binance Exchange, enabling users to trade Alpha tokens using their Spot and Funding accounts without relying on an external Binance Wallet.
Raydium to Launch LaunchLab, a Token Launchpad Similar to pump.fun
According to Blockworks, Solana-based decentralized exchange Raydium is launching a token launchpad called LaunchLab, initially designed as a direct fork of pump.fun.
LaunchLab will offer various bonding curves to match token supply and demand, allow third-party UIs to set fees, and support liquidity migration to Raydium AMM v4. It aims to provide teams with a ready-to-use option instead of building projects from scratch. Additionally, LaunchLab will support multiple quote tokens and integrate Raydium’s liquidity provider lock-up tools.
The platform’s release comes less than a month after pump.fun announced plans to develop its own AMM, potentially signaling the end of their informal collaboration.
Cathie Wood: Hopes to Tokenize Ark Invest Funds Once U.S. Regulations Allow
According to CoinDesk, Ark Invest CEO Cathie Wood said Tuesday at the New York Digital Asset Summit that she hopes to tokenize some of Ark’s funds once U.S. regulatory conditions permit, noting strong growth potential in the asset tokenization market.
She mentioned possible candidates for tokenization include the ARK Venture Fund (ARKVX) or the ARK Digital Asset Revolution Fund.
Binance C2C Now Supports QQ Wallet Payments
As shown on the official interface, Binance C2C trading now supports payments via QQ Wallet.
Bitget Wallet Hints at Major Announcement Within 24 Hours
According to official messages, Bitget Wallet tweeted a hint about a major announcement coming within 24 hours.
Bitget CEO Gracy Chen retweeted the post, adding: “It will be smart, seamless, and secure. Remember this date.” She included the hashtags #BitgetWallet and #DEX, suggesting the announcement may relate to DEX trading.
Market Data
Suggested Reading
Digital Dragonfly Partner: How I Missed Investing in Solana’s Seed Round?
This article recounts Dragonfly Capital partner Haseeb’s reflection on missing the opportunity to invest in Solana’s seed round at $0.04 per token in 2018—resulting in a missed return of up to 3,250x. This moment has been dubbed one of the “most expensive investment memos in crypto history.” Haseeb shares his reasoning for passing on the deal and reflects on his judgment. Solana’s co-founder responded on social media, emphasizing the team’s deep infrastructure optimizations and unique vision as key to their success.
Experiencing 2017–2020: A Web3 Founder’s Bull-and-Bear Revelation
This piece follows a serial entrepreneur through their journey in the crypto space—from first encountering blockchain technology, launching their own project, to navigating the challenges and lessons of market cycles. The author shares both successes and failures, offering deep reflections on cryptocurrency and entrepreneurship.
CZ Is Busy: After 170 Days Post-Prison, I’m Returning to the Crypto Throne
This article focuses on former Binance CEO Changpeng Zhao (CZ), tracking his activities over 170 days since his release from prison—including personal rebranding, investment directions, community engagement, and the launch of his educational initiative Giggle Academy. Through frequent interactions and community collaborations, CZ has reshaped his personal brand, promoted meme economies and decentralized science (DeSci), and advanced blockchain applications in education.
In Search of the God of Bitcoin: A Journalist’s 15-Year Investigation into Satoshi Nakamoto
This article details journalist Benjamin Wallace’s 15-year quest to uncover the true identity of Bitcoin’s creator, Satoshi Nakamoto. He explores multiple suspects, including James A. Donald and Elon Musk, analyzing linguistic patterns and technical nuances. Despite extensive investigation, Satoshi’s identity remains unknown. The article also examines the significance of anonymity to Bitcoin’s decentralized ethos and its implications for the future.
Revisiting STO: What Stands in the Way of Full-Scale Tokenization of U.S. Stocks?
This article discusses the concept of Security Token Offerings (STOs), particularly the feasibility, pathways, and long-term impact of tokenizing U.S. equities. It analyzes evolving regulatory environments in the crypto industry and their potential market effects. The piece also covers market demand, technological hurdles, compliance issues, and potential beneficiaries in a future tokenized securities landscape.
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