Huoxun Finance reported on January 8th that, according to The Block, the crypto project Sei has warned holders of the stablecoin USDC.n, advising them to exchange their USDC.n tokens for native USDC tokens before the planned upgrade in March. USDC.n, the USDC version issued through the Noble blockchain, is the older version of the USDC stablecoin previously circulating on the Sei network. Before Circle directly issued USDC natively on the Sei network, USDC.n was the primary form of USDC asset on the network. Currently, the value of USDC.n tokens circulating on the Sei network through the Noble blockchain is approximately $1.4 million. The Sei network plans to launch a major SIP-3 upgrade in March, which will completely transform it into a blockchain that only supports the Ethereum Virtual Machine (EVM), while gradually phasing out the CosmWasm smart contract framework and Cosmos native assets. The Sei project team stated, "After this upgrade, USDC.n tokens may become unusable or lose value on the Sei network."

According to a report by CoinDesk on January 8th, BitMEX stated in its latest report that the October 11, 2025 crash impacted market makers, forcing them to hold large amounts of cryptocurrency. This crash resulted in approximately $20 billion in cascading liquidations, severely damaging market makers' neutral strategies and causing market liquidity to drop to its lowest level since 2022. BitMEX stated, "When the ADL (automatic deleveraging) mechanism was triggered, forcibly closing short positions used by market makers for hedging, these institutions were forced to hold unhedged spot positions during the rapid market decline. This situation broke the promise of a 'neutral strategy' for perpetual contracts, causing market makers to withdraw liquidity globally in the fourth quarter of 2025, resulting in order book liquidity falling to its lowest level since 2022." With a large influx of imitators, the Delta-neutral "easy returns" relying on funding rate arbitrage have shrunk significantly, with annualized returns falling below 4%. At the same time, B-book platforms have reaped considerable profits, the DeFi perpetual contract market remains susceptible to manipulation, while the traditional financial perpetual contract market has experienced explosive growth.

Huoxun Finance News, January 8th - According to an official announcement, the second round of Binance Alpha's Bless (BLESS) airdrop rewards is now open. Users with at least 251 Binance Alpha Points can claim 2,500 BLESS tokens on a first-come, first-served basis. If the rewards are not all distributed, the points threshold will automatically decrease by 5 points every 5 minutes. Please note that claiming the airdrop will consume 15 Binance Alpha Points. Users must confirm their claim on the Alpha event page within 24 hours, otherwise it will be considered as a forfeiture of the claim.

Odaily Planet Daily reports that Andre Cronje's new project, Flying Tulip, announced the launch of its Intent Whitelist on the X platform. However, Cronje specifically noted that no fund transfers are currently involved, and all subsequent updates will be subject to official Flying Tulip announcements. According to previous public offering details disclosed by Flying Tulip, the public offering will be conducted in four rounds: Early Access, Supporter Whitelist, Intent Whitelist, and Open Public, with identical fundraising terms for each round.

According to Lookonchain monitoring, two wallets (0x6ef9 and 0x089f) opened long positions in ZEC with 1x leverage yesterday, with a position of 27,895 ZEC (US$11.1 million), and are now facing a floating loss of US$2.2 million.