In the past hour, total liquidations across the network reached $10.16 million, with $7.50 million from long positions, with $2.66 million from short positions. BTC liquidation $145,660.63, ETH liquidation $2.32 million.

Huoxun Finance News, January 21st - According to Cryptopolitan, Nikolay Shulginov, Chairman of the Russian Energy Committee, stated that illegal cryptocurrency mining causes over 20 billion rubles (approximately $250 million) in losses annually to the Russian economy and energy sector, leading to power shortages, grid overload, and impacting other users, including social infrastructure and newly built housing. Russia legalized cryptocurrency mining at the end of 2024, requiring operators to register with the Federal Tax Service and pay taxes, but currently less than a third of operators have completed registration. This week, the State Duma submitted a bill proposing administrative fines of up to 2 million rubles for illegal mining, with repeat offenders facing fines of up to 10 million rubles. Shulginov further suggested introducing criminal liability, and the Ministry of Justice has also proposed imprisonment or "forced labor" for unregistered miners. Furthermore, the Duma has passed a bill in its first reading authorizing the Ministry of Finance to regulate the cryptocurrency market (including mining) to eliminate administrative barriers and increase industry registration rates.

According to Odaily Planet Daily, Ethereum co-founder Vitalik Buterin proposed a "native DVT (Distributed Validator Technology)" concept at the Ethereum Research forum, suggesting that DVT be directly written into the Ethereum staking protocol layer to further promote validator decentralization while improving network security. Under this proposal, a single validator can register multiple independent keys, which together form a validator identity. Key operations such as block proposals and witnessing require a pre-defined threshold of keys to jointly sign before being considered valid, thus reducing the risk of a single point of failure or a compromised node causing a validator to go offline. With reasonable threshold settings, existing slashing mechanisms can still function normally. Vitalik stated that this design allows validators to participate in staking without completely relying on a single node; as long as more than two-thirds of the nodes remain honest, the validator can continue to operate normally. Unlike current DVT schemes that rely on external coordination layers and have complex deployments, this proposal advocates for native support of related mechanisms at the protocol layer. Validators meeting the minimum staking multiple requirement can configure up to 16 keys and set signature thresholds, essentially operating as a single validator with multiple standard nodes collaborating. In terms of performance, Vitalik believes the additional overhead of this scheme is limited, adding only one round of delay to block production, without causing additional delay to the witnessing process, and is compatible with different signature schemes, thus reducing the risk of long-term reliance on a single cryptographic assumption. He also points out that native DVT is not only a tool for technical improvement but also helps improve decentralization metrics. By lowering the operational threshold of fault-tolerant staking, more individuals and institutions can choose to stake themselves rather than rely on large service providers, thereby increasing the diversity of validator distribution, including metrics such as the Nakamoto coefficient. Currently, this idea is still in the proposal stage and requires further extensive discussion and evaluation within the Ethereum community; it has not yet entered the specific implementation process.

Huoxun Finance reported on January 21 that, according to on-chain analyst @ai_9684xtpa, a whale known as ETHOG from 2016 deposited 14,183 ETH, worth $41.93 million, to Coinbase 40 minutes ago—his first ETH deposit exceeding one million dollars in three years. This address's last suspected ETH accumulation occurred between February and November 2022, with an average withdrawal price as low as $1236.65. Tracing back further, his ETH transactions can be traced back to 2016.

Huoxun Finance News, January 21 – According to official news, Bitway, a Bitcoin native Layer 1 protocol and infrastructure platform, announced the completion of a $4.444 million seed round of financing, led by TRONDAO, with participation from HTXVentures and others. To date, Bitway has raised over $5.8 million from institutional investors. Following its initial seed round, it has completed a targeted strategic financing round, valuing Bitway at $100 million. Founded by former Binance team members, Bitway was previously incubated through YZiLabs' EASY Residency program and launched through the Binance Booster program. Bitway has two core products: the on-chain wealth management platform BitwayEarn, and BitwayChain, a Layer 1 application chain dedicated to payment and financing solutions.