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Ronghui Gu, founder of global Web3 security firm CertiK, announced plans for an initial public offering (IPO) at the 2026 World Economic Forum (WEF) in Davos, Switzerland. In an interview with CBS, Gu stated that CertiK is actively pursuing the IPO with the goal of becoming the first publicly listed company in the Web3 infrastructure space. He added that the listing of a core infrastructure firm focused on security could enhance the understanding and acceptance of Web3 technology within mainstream financial markets. The development follows a recent large-scale investment in CertiK by EZ Labs, formerly Binance Labs, which has made it the security firm's largest investor.

South Korean apparel company Fashion Group Hyungji has signed a Memorandum of Understanding (MOU) with the Arbitrum (ARB) Foundation, an Ethereum Layer 2 network, to build a stablecoin-based digital payment infrastructure, EToday reported on Jan. 23. The company plans to introduce stablecoin payments across its domestic and international distribution networks to enhance convenience and lower transaction fees.

South Korean crypto exchange Bithumb announced that it will temporarily suspend deposits and withdrawals for 0G to support the token's network upgrade. The suspension will begin at 9:00 a.m. UTC on Jan. 27.

South Korean crypto exchange Coinone announced that it will list Spacecoin (SPACE) at 12:00 p.m. UTC today.

Decentralized satellite-based network project SpaceCoin has released the tokenomics for its native token, SPACE. The total supply is capped at 21 billion tokens, with an initial circulating supply of approximately 10.25% at its Token Generation Event (TGE) on Jan. 23. Listings are planned on centralized exchanges, including Binance Alpha and OKX, as well as on decentralized exchanges. The project explained that the SPACE token will serve as the network's payment and coordination layer. Satellite operators can provide unused communication resources to earn rewards, and network participation will require token staking. SpaceCoin has also set a long-term goal of achieving $1 billion in annual revenue by 2031.

OKX has announced that it will list the SPACE/USDT spot trading pair at 12:00 p.m. UTC today.

Whale Alert reported that 400,000,000 USDC has been transferred from an unknown wallet to Binance. The transaction is valued at about $400 million.

Bitcoin's risk-adjusted returns have deteriorated again, showing signals similar to the 2022 bear market, Coindesk reported, citing data from CryptoQuant. The analysis points to Bitcoin's Sharpe Ratio, a measure of excess return for a given level of risk, which has recently turned negative. This indicates that the cryptocurrency is generating almost no excess returns relative to its risk. This pattern has been observed in the past. During the bear markets of late 2018 and 2022, the Sharpe Ratio remained in negative territory for extended periods, coinciding with a prolonged bearish trend for BTC. While some traders might interpret a negative Sharpe Ratio as a bottom signal, the report cautions that historical precedent shows the condition can persist for several months, making it an unreliable indicator of a short-term rebound.

An address believed to belong to U.S. video game retailer GameStop has deposited its entire holding of 4,710 BTC into Coinbase Prime, CryptoQuant reported. The analytics firm suggested the deposit was likely made with the intent to sell. CryptoQuant noted that GameStop originally purchased the 4,710 BTC at an average price of $107,900, meaning a sale would result in an estimated loss of approximately $76 million.

Binance founder Changpeng Zhao said he has no personal plans to launch new projects and is now primarily focused on investing, Tencent Finance reported. Speaking at the 2026 World Economic Forum (WEF) in Davos, Switzerland, Zhao explained that after experiencing the arduous process of starting a business once, it would be difficult for him to repeat it in the current environment.

Whale Alert reported that 1,000,000,000 USDT has been transferred from Binance to an unknown wallet. The transaction is valued at about $999 million.

Hanwha Asset Management has signed a Memorandum of Understanding (MOU) with the Solana Foundation to expand its digital asset ecosystem, Yonhap Infomax reported. Under the agreement, Hanwha plans to collaborate with the foundation on several initiatives, including education on Solana's tools and ecosystem, the joint launch of Solana-based exchange-traded products (ETPs), and the publication of a guide on suitable custody solutions for the network.

Worldcoin (WLD) will host the 2026 World Build Korea Hackathon in Seoul, a practical event focused on developing Web3 services that require human user verification. Participants will use World ID to design and prototype Miniapps accessible only to verified humans, excluding AI, bots, or Sybil accounts. Potential application areas include AI, Web3, social, gaming, community, and governance. The event features a total prize pool of $5,000, with winning teams receiving networking and collaboration opportunities within the global Worldcoin ecosystem. Participating South Korean blockchain societies and communities include Decipher, Oracle, BADG, Identity, Ewhachain, SKKrypto, Layer-A, and De-Butler. Media partners for the event are Human Labs, TokenPost, CoinNess, and 071 Labs.

Crypto security firm Ledger is pursuing a listing on the New York Stock Exchange, Unfolded reported. The company is reportedly targeting a valuation of $4 billion. Ledger CEO Pascal Gauthier said the company is in discussions with Goldman Sachs, Jefferies, and Barclays about the potential listing.

The following are the 24-hour long/short ratios for BTC perpetual futures on the top three global crypto futures exchanges by open interest: Overall: 49.15% long, 50.85% short 1. Binance: 48.71% long, 51.29% short 2. Bybit: 49.38% long, 50.62% short 3. OKX: 49.3% long, 50.7% short

South Korean crypto exchange Coinone announced it will delist Yala (YALA) at 6:00 a.m. UTC on Jan. 23.

Asia-based Web3 research and consulting firm Tiger Research has highlighted Katana's key strength as its ability to actively generate and reinvest yield from assets entering its Layer 2 environment, rather than simply storing them. In a recent report, the firm noted that Katana employs a dual-yield structure combining both on-chain and off-chain revenue streams. According to the report, assets bridged to Katana are deployed to Ethereum mainnet lending protocols via its Vault Bridge. The resulting profits are then reinvested into Sushi liquidity pools and lending incentives. Simultaneously, Katana's native stablecoin, AUSD, is backed by U.S. Treasurys, with the off-chain interest income channeled back into the ecosystem as incentives for the AUSD pool. To manage risk, Katana collaborates with professional risk curators such as Gauntlet and Steakhouse Financial, and also operates an internal risk committee and other safeguards. The report added that as of the third quarter of last year, over 95% of Katana's Total Value Locked (TVL) was actively deployed in DeFi protocols.

Bitcoin (BTC) fell to third place in trading volume in South Korea during 2025, marking the first time it has dropped out of the top two spots, according to a report from Digital Asset. The analysis reviewed trading volumes against the South Korean won for the top eight digital assets by market capitalization—BTC, ETH, USDT, XRP, USDC, SOL, TRX, and DOGE—from 2013 to 2025. XRP recorded the highest trading volume last year at approximately 335 trillion won, followed by USDT in second place.

South Korea’s Financial Services Commission (FSC) has refuted a media report claiming the agency proposed a disclosure standard for digital asset investments by listed companies at 3% of their own capital. The FSC clarified that its position on corporate investment limits and disclosure standards has not been decided. The commission explained that a public-private task force is still discussing various opinions on a plan for professional investment firms, including listed companies, to participate in the virtual asset market.

According to CoinNess market monitoring, BTC has risen above $90,000. BTC is trading at $90,000 on the Binance USDT market.

The Sui (SUI) network announced via X that it can process hundreds of thousands of transactions per second (TPS) and provide sub-second block finality through its Mysticeti consensus engine. The network also noted that its parallel processing structure enables faster execution for owned-object transactions compared to general processing. Sui launched the Mysticeti V2 upgrade in November 2023.

Dan Romero, founder of the decentralized social media platform Farcaster, announced on X that the platform's services will not be discontinued despite its acquisition by Web3 social network tool developer Neynar.

U.S. spot Ethereum ETFs recorded $41.94 million in net outflows on Jan. 22, marking the third consecutive day of net outflows, according to data from Trader T. - BlackRock ETHA: -$44.41 million - Bitwise ETHW: -$15.16 million - Grayscale ETHE: +$7.92 million - Grayscale Mini ETH: +$9.71 million

Decentralized exchange Aster (ASTER) announced via its official X account that it will list SpaceCoin (SPACE) for spot trading at 12:00 p.m. UTC on Jan. 23, followed by the launch of SPACE perpetual futures two hours later at 2:00 p.m. UTC. The spot market will support the SPACE/USD1 trading pair. The listing is the seventh round of Aster's Rocket Launcher program, which supports early-stage cryptocurrency projects. In conjunction with the listing, Aster will run a trading campaign until Feb. 2, offering a total of $150,000 in ASTER and 15.75 million SPACE as rewards. To participate, users must trade SPACE spot and futures and maintain a minimum balance of 444 ASTER in their Aster and Binance wallets during the campaign period.

U.S. spot Bitcoin ETFs recorded $32.07 million in net outflows on Jan. 22, marking the fourth consecutive day of withdrawals, according to data compiled by Trader T. The outflows were driven by funds from BlackRock and Fidelity, while all other spot Bitcoin ETFs recorded no net flows for the day. - BlackRock IBIT: -$22.31 million - Fidelity FBTC: -$9.76 million