According to Odaily Planet Daily, trader "Pigeon" Eugene posted on his personal channel that he has basically exited his long positions in altcoins because the market performance of the relevant investment targets has not met expectations, so he has chosen to take profits in stages. However, he is still holding his core Bitcoin long positions and has significantly increased his cash position in preparation for the next round of trading.

According to Huoxun Finance on January 17, OKX market data shows that ETH has just broken through $3,300 and is currently trading at $3,303.40 per coin, with a daily increase of 1.19%.

Odaily Planet Daily reports that Tom Lee, Chairman of BitMine and co-founder of Fundstrat, stated at the latest BitMine shareholder meeting that Ethereum is at the heart of a new round of financial infrastructure transformation, and 2026 may be a pivotal year for Ethereum's full-scale explosion. Lee pointed out that Ethereum reached an all-time high in the ETH/BTC exchange rate in 2021, and with the tokenization of real-world assets and the accelerated adoption by mainstream financial institutions and users, this ratio is expected to break through the previous high again in 2026. Standard Chartered Bank also considers 2026 "the year of Ethereum" and predicts an Ethereum price of $12,000. Against this backdrop, Lee emphasized that BitMine's business model will directly benefit from the rise in Ethereum's price. Based on historical correlation calculations, if the ETH price reaches $12,000, BitMine (BMNR)'s stock price would theoretically correspond to approximately $500. Furthermore, BitMine will also generate substantial cash flow from Ethereum staking rewards and ample cash reserves. Currently, the company holds approximately 4.2 million ETH and has approximately $1 billion in cash. Under current conditions, it is expected to generate pre-tax revenue of $402 million to $433 million; if the price of ETH rises to $12,000 and the company controls approximately 5% of the Ethereum supply, the pre-tax revenue could expand to $2 billion to $2.2 billion.

Huoxun Finance reported on January 17th that Caixin.com published an article by Zhang Ming, Deputy Director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, titled "What Measures Can China Take to Address the Challenges of Cryptocurrencies?" The article points out that as the world's second-largest economy and an emerging digital finance powerhouse, China needs to play a more active role in global digital currency governance. It suggests starting internally by improving its own response system, including accelerating the development and application of the digital yuan, promoting intelligent and precise cryptocurrency regulation and expediting the formulation and implementation of unified international regulatory standards (such as anti-cryptocurrency money laundering rules), re-examining the balance between innovation and regulation in the cryptocurrency field, promoting the integration of stablecoins with the traditional financial system within a controllable scope, and strengthening international R&D and cooperation in the CBDC field and international regulatory cooperation in the cryptocurrency field.

Huoxun Finance reported on January 17th that Sunil, a representative of FTX creditors, posted an update on the FTX compensation distribution schedule on the X platform. He stated that users need to complete the relevant procedures before the deadline to receive compensation. Specific requirements include: completing KYC verification, submitting a W-8BEN form, and selecting and confirming a compensation distribution agent. According to previously released information, the next batch of FTX compensation distributions will be on March 31, 2026, and registration must be completed by February 14th.