Token Exchange 【SGP】MEXC 【CLAWD】XT 【雪球人生】MGBX

Huoxun Finance reported on January 26th that, according to Cointelegraph, Strategy co-founder Michael Saylor recently stated that the biggest threat to the Bitcoin network is "ambitious speculators" who want to push for protocol changes. This statement sparked online debate. Bitcoin extremist Justin Bechler believes Saylor is targeting software developers promoting non-monetary uses of Bitcoin (such as NFTs and on-chain images). Helius CEO Mert Mumtaz opposed Saylor's view, calling his ideas "cancer," arguing that Bitcoin is not perfect and has many vulnerabilities that should not be left unaddressed. Several X users also mentioned the ongoing spam war and Bitcoin Improvement Proposal 110, which aims to filter non-monetary data. Saylor's post has exacerbated the debate between Bitcoin holders (who want the protocol to be solidified) and software developers (who advocate expanding Bitcoin functionality, such as quantum-resistant wallet addresses and on-chain file storage).

According to Lookonchain monitoring, a whale (0x3c9E) panic-sold 5,500 ETH (worth $16.02 million) over the past three days at an average price of $2,912. Just five days prior, he had bought 2,000 ETH (worth $5.97 million) at $2,984, repeating the classic buy-high-sell-low strategy.

Huoxun Finance reported on January 26th that, according to on-chain analyst Yu Jin, as ETH prices fell, Trend Research withdrew 30 million USDT from Binance three hours ago to repay loans on-chain, indicating they have no plans to buy more today. They currently hold a total of 651,300 ETH (worth $1.85 billion), with an average cost of approximately $3,180. Their current unrealized loss is approximately $215 million. Their borrowing on Aave amounted to 1.03 billion USDT, representing a leverage of approximately 2.2x.

According to Odaily Planet Daily, Vitalik Buterin recently published an article stating that he no longer fully agrees with his 2017 view that blockchain "only records the order of transactions and does not commit to state," and explained the reasons for this shift. Vitalik pointed out that his early opposition to this idea stemmed from the fact that if the on-chain state is not committed to, ordinary users either have to fully verify all transactions from the genesis block or are forced to trust a single third-party service provider—neither of which is ideal. In contrast, designs like Ethereum, which commit to the state root in the block header, allow for the verification of arbitrary state through Merkle proofs under the "majority honesty" consensus assumption, making it more feasible. He emphasized that the real change in this trade-off is the development of zero-knowledge technologies such as ZK-SNARKs, which make it possible to verify on-chain correctness without re-executing all transactions, thus "achieving both security and scalability." Furthermore, Vitalik also reflected on the uncertainties of the real world: network outages, service provider shutdowns, consensus centralization, and censorship risks can occur at any time, therefore the blockchain system must always retain a "self-verifiable" fallback mechanism that does not rely on others. In his view, the "mountain cabin" is not a model for everyone's daily living, but rather a safety net in extreme situations, and also an important bargaining chip to constrain intermediaries and service providers. Maintaining such a minimum viable and autonomously usable path is an indispensable part of Ethereum's long-term evolution.