Pudgy Penguins’ parent company has confirmed that its Layer 2 blockchain, Abstract, will launch this month.
Abstract Ecosystem posted on the X platform confirming that its Layer 2 network, Abstract, which focuses on on-chain culture and community, will officially launch this month. The project is developed by Igloo Inc., the parent company of Pudgy Penguins, and has acquired the on-chain creator economy platform Frame to accelerate its development.
Polymarket has been classified as a gambling site by Singapore and has been blocked.
According to feedback from @alexzuo4, Polymarket has been defined as an illegal gambling site by Singapore, and users will see a warning when attempting to log into the official website: “This website is hosted by an unlicensed gambling service provider, and users may face a fine of up to $10,000 or up to 6 months in prison.”
99.6% of pump.fun Traders Have Profits of Less Than $10,000
According to Dune data, 99.6% of pump.fun traders have not locked in profits exceeding $10,000, with a small number of traders achieving six-figure or seven-figure profits.
The latest Dune data reveals that 99.6% of pump.fun traders have not realized profits over $10,000. However, an on-chain analyst noted that these figures do not clearly indicate the actual number of profitable traders.
Out of the 13.55 million wallet addresses on the Pump.fun platform, approximately 55,296 addresses have achieved profits exceeding $10,000. The data further indicates that traders earning six-figure and seven-figure profits are much rarer:
Only 0.048% of traders have achieved profits over $100,000.
Only 0.00217% of traders have made profits exceeding $1 million, with approximately 293 wallets.
FTX Announces Repayment Timeline, First Repayment Expected to Begin on February 25th
FTX creditor representative Sunil disclosed the preliminary distribution schedule on the X platform, revealing that creditors with claims below $50,000 are expected to receive approximately $1.2 billion in compensation. Creditors must complete their claims registration by January 20th to ensure participation in the initial distribution. Repayment is not expected to begin before this date, with the first repayment slated to start on February 25th and possibly continuing until March 4th. Meanwhile, FTX has warned debtors to be cautious of phishing emails and fraudulent websites.
Among 31 Listed Bitcoin Mining Companies, 26 Have Seen Stock Price Increases This Year
Despite miners still being constrained by revenue limitations due to Bitcoin prices remaining below $100,000, stocks of these publicly listed Bitcoin mining companies are rising, showing a strong start to the new year. According to data from Bitcoinminingstock.com, the combined market capitalization of 31 listed Bitcoin mining companies reaches $44.09 billion, with stocks of 26 companies appreciating relative to the dollar. Among the top 10 by market cap, Riot Platforms (NASDAQ: RIOT) leads with a 17.53% increase in 2025, followed by Hut 8 (NASDAQ: HUT) with a 14.2% rise.
Whale Holding 86,777 SOL Starts Reducing Position, Has Sold 81,227 SOL in the Past Three Weeks
According to monitoring by ai_9684xtpa, the whale “7qw9C…NbSZL” appears to be reducing its SOL holdings accumulated 8 months ago. Eight hours ago, it deposited 50,227 SOL (worth $9.4 million) to Kraken, which would result in a profit of $1.227 million if sold.
This whale withdrew 86,777 SOL from Kraken and Coinbase at an average price of $162.72 between June and July 2024, and in the past three weeks, it has deposited 81,227 SOL to CEX, realizing a profit of $2.326 million.
El Salvador’s Current Bitcoin Holdings Total 6,025 BTC
According to mempool data, El Salvador currently holds 6,025 BTC, worth approximately $5.7 billion.
Michael Saylor has released his investment tracking chart for the tenth consecutive week, hinting at continued Bitcoin accumulation.
MicroStrategy founder Michael Saylor posted for the tenth consecutive week, stating, “Is there a missing green dot on the MicroStrategy portfolio tracking chart?” Hinting at further Bitcoin purchases.
BlockBeats Note: The MicroStrategy portfolio tracking chart uses a blue line to mark the Bitcoin price trend and uses a green dot on the chart to mark buying behavior. This is Michael Saylor’s tenth consecutive week posting information about the MicroStrategy portfolio tracking chart. Based on previous patterns, MicroStrategy always increases its Bitcoin holdings the day after such information is released.
Fear and Greed Index rises to 62, Market Sentiment shifts back to Greed
according to Alternative Data, today’s Crypto Fear and Greed Index rose to 62, up from 69 yesterday (last week’s average was 72), and market fear seems to have eased along with the market stabilization, returning to the “greed” zone.
Note: The fear index threshold is 0-100, including the following indicators: Volatility (25%) + Market Trading Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin Dominance (10%) + Google Trends Analysis (10%).
According to data from Token Unlocks, the following tokens will experience significant unlocks next week:
Ondo (ONDO): 1.94 billion tokens will be unlocked on January 18 at 8 AM, accounting for 134.21% of the current circulating supply, valued at approximately $2.41 billion.
Cheelee (CHEEL): 20.81 million tokens will be unlocked on January 13 at 8 AM, valued at approximately $169 million.
Connex (CONX): 4.33 million tokens will be unlocked on January 15 at 8 AM, accounting for 376.3% of the current circulating supply, valued at approximately $85.8 million.
Arbitrum (ARB): 92.65 million tokens will be unlocked on January 16 at 9 PM, accounting for 2.20% of the current circulating supply, valued at approximately $67.8 million.
Polyhedra Network (ZKJ): 17.22 million tokens will be unlocked on January 13 at 8 AM, accounting for 28.52% of the current circulating supply, valued at approximately $33.2 million.
UXLINK (UXLINK): 26.56 million tokens will be unlocked on January 18 at 8 AM, accounting for 15.63% of the current circulating supply, valued at approximately $33.2 million.
Starknet (STRK): 64 million tokens will be unlocked on January 15 at 8 AM, accounting for 2.65% of the current circulating supply, valued at approximately $27.6 million.
Sei (SEI): 55.56 million tokens will be unlocked on January 15 at 8 PM, accounting for 1.32% of the current circulating supply, valued at approximately $21.5 million.
QuantixAI (QAI): 232,000 tokens will be unlocked on January 18 at 8 AM, accounting for 4.79% of the current circulating supply, valued at approximately $19.6 million.
ApeCoin (APE): 15.6 million tokens will be unlocked on January 17 at 8:30 PM, accounting for 2.16% of the current circulating supply, valued at approximately $17.3 million.
Ethena (ENA): 12.86 million tokens will be unlocked on January 15 at 3 PM, accounting for 0.42% of the current circulating supply, valued at approximately $11.8 million.
Echelon Prime (PRIME): 750,000 tokens will be unlocked on January 17 at 8 AM, accounting for 1.42% of the current circulating supply, valued at approximately $9.6 million.
Cloud (CLOUD): 48.92 million tokens will be unlocked on January 18 at 11 PM, accounting for 27.18% of the current circulating supply, valued at approximately $8.5 million.
World Mobile Token (WMTX): 16.04 million tokens will be unlocked on January 13 at 8 AM, valued at approximately $6.4 million.
Eigenlayer (EIGEN): 1.29 million tokens will be unlocked on January 15 at 3 AM, accounting for 0.61% of the current circulating supply, valued at approximately $4.1 million.

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