Author: NBTC

A trader known as “ETHMegaBear” has earned roughly $84 million in total unrealized profits by shorting Ethereum on Hyperliquid, a decentralized perpetual futures exchange, according to data tracked by Lookonchain. The #ETHMegaBear(0x20c2) has racked up over $80.9M in profits by shorting $ETH — absolutely insane! This trader has been shorting $ETH on #Hyperliquid since 2024, consistently using max leverage (previously 50x, now 25x). He currently holds a 30,582 $ETH($88.9M) short.… pic.twitter.com/wgL2Ba6bHO — Lookonchain (@lookonchain) January 29, 2026 ETHMegaBear has been shorting $ETH on Hyperliquid since 2024, consistently using maximum leverage. The trader currently holds a short position of 30,582 $ETH…

Binance co-founder and former CEO Changpeng Zhao told a panel at the World Economic Forum in Davos that he’s in talks with “probably a dozen governments” about tokenizing their assets. Though he didn’t name specific countries or assets, the concept could allow governments to raise funds by offering small portions of state-owned assets to citizens or investors, similar to how some nations have sold stakes in national oil or telecom firms. Tokenization involves turning real-world assets, like real estate, infrastructure or commodities, into blockchain-based tokens that can be traded and split into fractional ownership. “This way the government can actually…

A Delaware judge has allowed a shareholder lawsuit accusing several Coinbase directors of insider trading to proceed, despite an internal investigation that cleared the executives of wrongdoing. The case, filed by a Coinbase shareholder in 2023, alleges that company directors, including CEO Brian Armstrong and board member Marc Andreessen, used confidential information to sidestep more than $1 billion in losses by selling shares around the company’s public debut in 2021. According to the complaint, insiders sold more than $2.9 billion worth of stock, with Armstrong personally offloading about $291.8 million. On Friday, Delaware Chancery Court Judge Kathaleen St. J. McCormick…

CoreWeave’s transformation from a crypto-mining operator to a large-scale AI infrastructure provider highlights a broader shift in how computing resources are reused across technology cycles. In its latest newsletter, The Miner Mag outlined how Ethereum’s move away from proof-of-work reduced demand for GPU-based mining, pushing companies like CoreWeave to redeploy hardware toward AI training and other high-performance computing workloads as demand for compute began to rise. As Cointelegraph previously reported, CoreWeave began moving away from crypto mining as early as 2019, shifting first into cloud and high-performance computing before fully repositioning itself as a GPU infrastructure provider for AI workloads.…

Ethereum futures open interest has returned to pre crash levels, even as $ETH still trades about 32% below early October. At the same time, a separate chart setup flagged by a trader on X points to a possible repeat path that targets the $4,000 area if momentum keeps improving. Ethereum Open Interest Recovers as Price Lags Ethereum open interest has climbed back to levels seen before the Oct. 10 selloff, even as Ether’s price remains far below its earlier highs, according to futures data shared by market analyst Ted Pillows. Ethereum open interest on major futures venues has fully rebounded…

Mirae Asset Global Investments, a multinational asset manager with operations in Korea and India and over $353 billion in assets under management, is tapping into the tokenization expertise of UAE-regulated Ctrl Alt to pioneer fund tokenization in the UAE. Both entities will explore how existing regulated frameworks can be used for the issuance and management of tokenized funds. As per the press release, the collaboration will first focus on funds domiciled in the UAE, and potentially expand to other regulated financial markets in the GCC. Both intend to establish a framework for fund tokenization that can be applied globally. Ctrl…

U.S. Treasury sanctions two UK crypto exchanges accused of helping Iran bypass sanctions, signaling a major escalation in global crypto enforcement. OFAC’s move to blacklist entire crypto exchanges linked to Iran marks a turning point, raising compliance risks for UK and global crypto firms. The U.S. Treasury has taken a decisive step into crypto enforcement, sanctioning two UK-registered exchanges for allegedly helping Iran evade long-standing U.S. sanctions. The Office of Foreign Assets Control (OFAC) targeted Zedcex and Zedxion, accusing them of facilitating large-scale financial flows tied to Iran’s Islamic Revolutionary Guard Corps (IRGC). The move marks a major shift in…

Veteran commodities trader Peter Brandt has posted some disturbingly bearish charts that are virtually guaranteed to spook the bulls. Brandt, who has decades of experience in commodity trading, has noted that “symmetrical triangle” in Ethereum ($ETH) and a “right-angled broadening pattern” in the total cryptocurrency market paint a not-so-rosy picture for those who are betting on cryptocurrency market recovery. Between the symmetrical triangle in $ETH and the right angled broadening pattern in Crypto Total Cap, the burden of proof will be on the bulls pic.twitter.com/deR53fI8q5 — Peter Brandt (@PeterLBrandt) January 29, 2026 This comes after Bitcoin, the flagship cryptocurrency, plunged…

GameStop Corp. (NYSE: GME) stock is experiencing a significant surge in premarket trading on Thursday, January 22, 2026, following news that Chairman and CEO Ryan Cohen has substantially increased his stake in the video game retailer. The stock was trading at $22.39 in premarket, up $0.71 or 3.27% as of 5:28 AM EST, building on Wednesday’s 2.80% gain when shares closed at $21.69. This latest rally comes after Cohen disclosed his second major share purchase in two consecutive days, signaling strong confidence in the company’s future. Cohen’s Bold Share Purchases Signal Strong Confidence According to SEC filings, Ryan Cohen purchased…

The Cayman Islands are trending again in the crypto world. Recent social media posts state that the country now offers 0% capital gains tax on Bitcoin and cryptocurrencies. The announcement caused excitement among investors and traders. However, experts say this policy is not new. The Cayman Islands have followed this tax structure for many years. 🇰🇾 CAYMAN ISLANDS NOW OFFERS 0% CAPITAL GAINS TAX ON BITCOIN AND CRYPTOIT’S HAPPENING pic.twitter.com/MQfnPgBHNo — Vivek Sen (@Vivek4real_) January 31, 2026 No Capital Gains Tax Has Always Existed The Cayman Islands do not charge capital gains tax. They also do not impose income tax…