Scan to download
BTC $70,385.09 -1.22%
ETH $2,124.50 +0.67%
BNB $639.95 -0.94%
XRP $1.44 +0.21%
SOL $87.33 -0.66%
TRX $0.2784 -0.15%
DOGE $0.0959 -1.31%
ADA $0.2698 -1.12%
BCH $532.80 +0.61%
LINK $8.92 +0.27%
HYPE $31.64 -3.02%
AAVE $114.20 +0.22%
SUI $0.9612 -2.60%
XLM $0.1608 -0.83%
ZEC $240.61 +0.48%
BTC $70,385.09 -1.22%
ETH $2,124.50 +0.67%
BNB $639.95 -0.94%
XRP $1.44 +0.21%
SOL $87.33 -0.66%
TRX $0.2784 -0.15%
DOGE $0.0959 -1.31%
ADA $0.2698 -1.12%
BCH $532.80 +0.61%
LINK $8.92 +0.27%
HYPE $31.64 -3.02%
AAVE $114.20 +0.22%
SUI $0.9612 -2.60%
XLM $0.1608 -0.83%
ZEC $240.61 +0.48%

cto

Multicoin co-founder Kyle Samani announced his departure to explore new directions in the technology sector, while still serving as chairman of the largest SOL treasury company

Co-founder of Multicoin Capital, Kyle Samani, announced on social media that he has decided to step down from Multicoin Capital and will continue to serve as the chairman of Forward Industries (the largest SOL treasury company).As part of the redemption request planned to be submitted to the Multicoin main fund, he will apply for a physical redemption in the form of FWDI stock and warrants, rather than cash in USD, depending on Multicoin's subsequent decisions, legal and compliance approvals, and the independent consent of Forward. Kyle expressed mixed feelings about saying goodbye, as his time at Multicoin has been one of the most meaningful and rewarding experiences of his life. Nevertheless, he looks forward to taking a break and exploring new directions in the tech field.Kyle Samani is one of the most influential investors in the cryptocurrency space. Since its founding in 2017, Multicoin has become one of the most successful crypto-focused funds, managing billions of dollars. Multicoin is one of the most well-known early institutional investors in Solana, heavily investing in the seed/early stages and steadfastly holding during the extreme situation when Solana plummeted over 90% after the FTX collapse.Kyle is one of the investors in the crypto space who loves to write long articles, and the "three mega theses" proposed by him and the Multicoin team have influenced a generation of practitioners' understanding of the intrinsic value of crypto. Forward Industries will completely pivot to the crypto space in September 2025 through a $1.65 billion PIPE (private investment in public equity), led by crypto giants such as Multicoin Capital, Jump Crypto, and Galaxy Digital, with Kyle Samani personally adding $25 million and serving as chairman.According to the latest report, as of January 15, 2026, the publicly listed Solana treasury company Forward Industries holds a total of 6,979,967.46 SOL, far exceeding other competitors, and has staked almost all SOL since establishing the Solana treasury, earning 133,450 SOL in staking rewards.

Data: Most sectors in the cryptocurrency market have retraced, with only DePIN, AI, and SocialFi sectors remaining relatively strong

According to SoSoValue data, most sectors in the crypto market have retraced, with only the DePIN, AI, and SocialFi sectors remaining relatively strong, rising 0.01%, 0.06%, and 2.14% respectively over the past 24 hours. Within the DePIN sector, Arweave (AR) increased by 2.40%; in the AI sector, Virtuals Protocol (VIRTUAL) rose by 1.33%, and Worldcoin (WLD) increased by 2.03%; in the SocialFi sector, Toncoin (TON) went up by 2.80%.In addition, Bitcoin (BTC) fell by 3.10%, briefly dropping below $73,000, but has now rebounded to above $76,000; Ethereum (ETH) decreased by 3.72%, touching $2,100 at one point, and is now approaching $2,300.In other sectors, the Layer1 sector dropped by 2.12% over the past 24 hours, with Solana (SOL) falling by 5.00%, while Cosmos Hub (ATOM) rose by 5.49%; the Meme sector declined by 0.38%, with Binance Life significantly increasing by 13.58%; the PayFi sector decreased by 0.96%, but Trust Wallet (TWT) rose by 4.20%; the Layer2 sector fell by 1.56%, with Polygon (POL) down by 3.74%; the CeFi sector dropped by 1.70%, with OKB down by 2.11%; the DeFi sector decreased by 1.93%, while Morpho Token (MORPHO) rose against the trend by 5.01%.The crypto sector indices reflecting historical market performance show that the ssiSocialFi, ssiDePIN, and ssiAI indices increased by 2.56%, 0.68%, and 0.42% respectively.

Galaxy Research Director: Bitcoin may further dip to around $70,000, or even test $58,000

Galaxy Research Director Alex Thorn posted on the X platform, stating that on-chain data, the technical weakening of key price levels, macroeconomic uncertainty, and the lack of clear catalysts in the short term all indicate that BTC may continue to weaken in the coming weeks to months, potentially dipping near the 200-week moving average. Historically, these levels often represent excellent entry points for long-term investors.From January 28 to January 31, Bitcoin fell a total of 15%, accelerating its decline over the weekend. On Saturday alone, it dropped by 10%, and currently, about 46% of Bitcoin's supply is in a state of unrealized loss. After the close in January, Bitcoin experienced its first consecutive four-month decline since 2018. Aside from the exceptional year of 2017, Bitcoin has never seen a situation where, after a 40% retracement from its ATH, it did not further expand to a retracement of over 50% within three months. If it were to retrace 50% from the current ATH, the BTC price would be around $63,000.There is a significant on-chain holding vacuum in the $82,000--$70,000 range, increasing the likelihood of a short-term dip to test demand in that range. The current realized price is about $56,000, and the 200-week moving average is around $58,000. There is still a lack of clear evidence of whales and long-term holders significantly increasing their positions, but the profit-taking by long-term holders is clearly slowing down.Short-term catalysts remain scarce; Bitcoin has failed to participate in the "currency devaluation hedge trades" alongside gold and silver, and the narrative surrounding it is also unfavorable. Although the potential passing of the crypto market structure legislation (the CLARITY Act) could serve as an exogenous catalyst, the probability of it passing has decreased recently, and even if it does pass, its positive impact is more likely to benefit altcoins rather than BTC.Despite BTC potentially oscillating near a maximum discount of about -10% from the ETF cost basis (currently around $76,000), considering the above factors, the probability of Bitcoin further dipping to the supply gap bottom near $70,000, and possibly testing the realized price ($56,000) and the 200-week moving average ($58,000) remains high, with a time frame potentially spanning the next few weeks to months. Historically, these areas often mark the cycle bottom and provide strong entry opportunities for long-term investors.

Coinkarma founder: The core issue of the crash on October 11 is not USDe, but the abnormal price difference that occurred on Binance at that time

Coinkarma founder Benson Sun stated that Binance is indeed responsible for the crash on 1011, but the core issue does not lie with USDe, as the timeline does not match. The lowest point of the market crash was at 5:20, while USDe reached its lowest point of $0.65 at 5:54. The extreme de-pegging occurred 30 minutes after the market began to rebound, indicating that the extreme de-pegging of USDe was a secondary disaster rather than the trigger for the crash.Benson indicated that based on an analysis of extreme market conditions over the past six years, the price difference between Binance and other trading platforms during each extreme event has typically been within 5%. However, on the day of 1011, more than half of the cryptocurrencies had the lowest prices on Binance, with many deviations exceeding 50% or even 100%. Such a scale of price misalignment has not been seen in any previous black swan events. Additionally, at that time, the price of the same cryptocurrency in the USDT trading pair was significantly lower than that in the USD trading pair. This suggests that there was likely a problem with Binance's system at that time.If the point of failure was elsewhere, the most liquid Binance should not have the lowest prices. Furthermore, the withdrawal of liquidity by market makers is not the main cause. The public opinion expressed by OKX Star has sparked discussion, which is a good thing, but the focus may have been misplaced.
app_icon
ChainCatcher Building the Web3 world with innovations.