THE BLOCK ANALYST

Bitcoin just printed $4.5B in realized losses — the largest in three years.
That kind of flush usually marks stress, not complacency.
#BTC $BTC

safety

TRUMP ISN'T CONCERNED ABOUT DECLINE IN DOLLAR
TRUMP: DOLLAR IS DOING GREAT; DOLLAR IS SEEKING ITS OWN LEVEL, WHICH IS FAIR
TRUMP ON DOLLAR: CAN HAVE IT UP OR DOWN LIKE A YO YO
#TRUMP

GOLD HITS RECORD HIGH OF $5,300
#GOLD

Perp DEX tokens still trade like pure beta — tightly tied to overall crypto attention.
Execution across venues feels commoditized for retail, but transparency isn’t: buybacks, revenue splits, incentives. Over time, price dispersion will likely come from who actually opens the books.

Revenue cooled with volume, but Hyperliquid still leads the industry in free cash flow.
Annualized FCF sits around $520–620M, with ~99% routed to $HYPE buybacks — and even after unlocks, valuation still screens cheap. Upside’s there, but it’s not risk-free.
#hype $HYPE

Bitmine Immersion Tech (BMNR) Announces $200 Million Investment in Beast Industries

> "MrBeast and Beast Industries, in our view, is the leading content creator of our generation, with a reach and engagement unmatched with GenZ, GenAlpha and Millennials," - Chairman of Bitmine.

> Deal expected to close on or about Jan 19, 2026.
#mrbeast

OpenSea Partners With MetaMask Rewards for Season 1 Points Program

> OpenSea has partnered with MetaMask Rewards S1 to distribute MetaMask points based on users’ performance in OpenSea’s latest rewards program.

> Eligible users may have MetaMask points ready to claim, with extra bonuses available via ref codes

> Opt in by Friday (1/16) to get the points

SEC Concludes Investigation Into Zcash Foundation With No Enforcement Action

> Zcash Foundation has announced that the SEC has concluded its review and informed them that it does not intend to recommend any enforcement action or other changes against the Foundation.

> On Aug 31, 2023, Zcash Foundation received a subpoena from the U.S. SEC in connection with an inquiry designated “In the Matter of Certain Crypto Asset Offerings (SF-04569)”.
#zcash $ZEC

Noise Raises $7.1M Series Seed Led by Paradigm

> Noise turns social data into tradable market primitives, a trading platform for relevance.

> Users can long and short trends, brands, and ideas, while prices combine social data with trading to measure cultural relevance.

MANTRA CEO Announces Company Restructuring and Team Layoffs After Difficult Year

“After the most challenging year MANTRA has faced for a multitude of reasons”

> “I’ve decided to restructure the company. This includes reducing our team size and parting ways with a number of talented colleagues.”

> The Mantra (OM) token remains about 99% below its all-time high of $8.99, recorded in February 2025.
$OM #MantaRWA

Privacy now moves from niche to signal.
In 2025, privacy coins outperformed BTC and ETH, held up better during volatility, and saw real usage grow — transaction share rose from ~9.7% to ~11.4%. #Monero and #zcash still dominate the flow, while market cap pushed past $24B and infra teams started rebuilding privacy as a default layer, not a feature.
Feels less like a rotation and more like a setup.
Privacy coins and tools are shaping up as a serious 2026 narrative as a response to growing surveillance and demand for on-chain discretion.
$XMR $ZEC

Jupiter’s prediction markets experiment hasn’t found traction yet.
After ~2.5 months, volume sits around $1.5M across 40K trades — roughly $38 per trade and $155 per user, with only ~$53K in fees flowing through. Integration is there, monetization isn’t.

For over five years, Ethereum TVL has quietly acted as a valuation floor for ETH.
If that relationship holds, app-layer growth matters more than narratives — push Ethereum TVL toward $1T, and that number effectively underwrites the asset powering the system.

#ETH $ETH

Lighter Launches Mobile App On iOS and Android
> Users can now trade perps, spot, RWAs, pre-markets, and more directly from their phones.

Google Launches the Universal Commerce Protocol (UCP)
A new open standard for agentic commerce that works across the entire shopping journey, from discovery and buying to post-purchase support.

> UCP is compatible with A2A, AP2, and MCP, and was co-developed with partners like Etsy, Shopify, Wayfair, and Target
#AI

Ethena and Safe Partner to Accelerate USDe Adoption on Multisig Wallets.

> Safe and Ethena have joined forces to accelerate USDe adoption on self-custodial rails.

> The partnership introduces gas-free mainnet txns and a 10x Sats boost for Safe users holding USDe.

Polygon Labs to Acquire Coinme and Sequence to Offer Regulated Stablecoin Payments in the U.S.

> Together with Polygon, they will power the Open Money Stack: one vertically integrated solution for compliant, global stablecoin payments
#Polygone $POL

Silver Prices Surge Above $88/oz for the First Time in History

Former NYC Mayor Eric Adams Launches a Memecoin that Hits $580M in Market Cap Before Crashing -80% in Minutes.😁😁😁