Project Eleven completes $20 million funding at a $120 million valuation, dedicated to countering quantum computing threats to cryptocurrencies
BlockBeats news: On January 14, according to Axios, the startup Project Eleven, dedicated to protecting cryptocurrencies from quantum computing threats, has completed a $20 million funding round, with a valuation reaching $120 million. Quantum computing technology has the potential to break the underlying cryptographic mechanisms that secure cryptocurrencies, a long-standing concern in the crypto industry. Project Eleven focuses on addressing this issue by developing solutions resistant to quantum computing attacks, ensuring the security of blockchain networks and digital assets.
In June of last year, Project Eleven completed a $6 million funding round, led by Variant Fund and quantum technology venture capital Quantonation.
U.S. November retail sales month-on-month rate was 0.6%, higher than expected
BlockBeats news, January 14, the U.S. November retail sales month-on-month rate was 0.6%, higher than the expected 0.4%.
In addition, the U.S. PPI year-on-year rate for November was 3%, higher than the expected 2.7%, and the month-on-month rate for November was 0.2%, in line with expectations.
Binance: Fogo Pre-TGE event oversubscribed 40.8 times
BlockBeats news, January 14, Binance Wallet announced that the third round of Pre-TGE Prime Sale for Fogo (FOGO) has ended. The event was oversubscribed by 40.8 times, raising a total of 316,385 BNB.
The FOGO token will begin circulating on January 15, 2026, at 20:00 (UTC+8). Users who have claimed the Prime Sale Key can check their balances and trade FOGO tokens on their Binance Alpha accounts at that time.
OKX content community 'Planet' has officially launched its public test today
BlockBeats news, January 14, according to official announcements, OKX content community 'Planet' has officially launched its public test today.
The announcement states that creators who join 'Planet' can activate real-time trading follow-on features, gain early access to traffic, and will later have the opportunity for prize distribution; readers who join can preview exclusive content ahead of others and participate in planet-exclusive events.
Federal Reserve's Kashkari: Trump's actions toward the Federal Reserve 'relate to monetary policy'
BlockBeats news, January 14, Federal Reserve's Kashkari believes that U.S. President Trump's actions toward the Federal Reserve 'relate to monetary policy.' Kashkari stated that Federal Reserve Chair Powell 'accurately' explained the matter.
Trump intensifies efforts ahead of U.S. midterm elections, triggering policy uncertainty and posing an intractable risk to the stock market
BlockBeats news, January 14, Ned Davis Research's chief U.S. strategist Ed Clissold plans to coin a new term—Big MAC trade, standing for 'Big Midterms Are Coming.' He intends to use this concept to summarize the core theme of the U.S. stock market in 2026 as he sees it: policy directions and their impacts leading up to and following the congressional elections this fall.
President Trump has issued a series of policy-like statements at the beginning of the year, which clearly indicate he is focusing on boosting the Republican Party's chances in the November elections. His policy leverages the widely debated issue of affordability in American daily life. This trend could have profound implications for the stock market. Take last week's market performance as an example: when Trump demanded credit card issuers cap interest rates at 10%—a level less than half of the current average—bank stocks plummeted immediately; after he ordered defense companies to suspend dividend payouts and redirect funds toward production, the defense sector also suffered sharp declines; and following the government's recent criticism of the Federal Reserve's independence, Wall Street was thrown into panic on Monday.
Federal Reserve Chairman Powell May Not Attend February Congressional Hearing
BlockBeats news, January 14, according to market sources, U.S. Republican Congressman Hill believes Federal Reserve Chairman Powell may not testify before Congress in February.
Bitfarms: Appoints Edie Hofmeister as Chairman of the Board
BlockBeats report: On January 14, Bitcoin mining company Bitfarms announced the appointment of Edie Hofmeister as Chairman of the Board, succeeding Brian Howlett, who has served as Chairman since 2024 and will continue to serve as an independent director. Bitfarms stated that this leadership change is part of the company's strategy to redomicile to the United States, aiming to improve accessibility to U.S. capital markets, expand its U.S. investor base, and enhance eligibility for inclusion in certain stock indices.
In January, Bitcoin mining company Bitfarms sold its Latin American operations for $30 million, continuing its transformation toward AI and high-performance computing.
CCTV: Yao Qian helped an ICO find a trading platform and received 2,000 ETH as reward
BlockBeats news, January 14, according to CCTV, Yao Qian, former director of the Science and Technology Regulatory Department and former director of the Information Center of the China Securities Regulatory Commission, was entrusted by Zhang Mou, a businessman involved in ICOs in 2018, to make a call to a certain trading platform. The ICO raised 20,000 ETH, and the businessman later transferred 2,000 ETH to Yao Qian as a reward.
The investigation team discovered a hardware wallet in a drawer of Yao Qian's office. Several bank accounts opened by others were found to be Yao Qian's alias accounts. A fund of approximately 10 million yuan, traced through about four layers of transactions, originated from a virtual currency trader's account and was ultimately used to purchase a villa in Beijing.
CZ: Do not recommend new users trade contracts, cannot predict market trends for the next three to four months
BlockBeats news, January 14, CZ stated during a Chinese AMA that it's impossible to predict market trends for the next three to four months, noting even the U.S. President "might not be able to forecast market trends for the next three to four months." Additionally, CZ advised against new users trading contracts, as the high volatility could lead to significant losses.
CZ on the Altcoin Season: The Market Has Cycles, and There Will Definitely Be Another Altcoin Season
BlockBeats news, January 14, CZ stated during a Chinese AMA that the scope of altcoins is worth discussing. The market has cycles, and future blockchains and coins with real-world applications will all have development opportunities, so there will definitely be an altcoin season, but the scope and extent remain to be observed.
CZ on BNB: Price potential is still very large, proud of active ecosystem builders
BlockBeats news, January 14, CZ stated during a Chinese AMA that the BNB ecosystem is quite stable and extensive, and it's proud that there are many and active BNB ecosystem builders. The price potential of BNB is still very large, and he still holds a large amount of BNB, but cannot provide a specific target price.
Spanish bank Bankinter discloses acquisition of minority stake in crypto exchange Bit2Me
BlockBeats news, January 14, Bankinter, a Spanish bank, disclosed that it has acquired a minority stake in the Spanish cryptocurrency exchange platform Bit2Me. Bankinter stated that this $34 million funding round is significant among European cryptocurrency exchanges, and the investment aims to achieve 'technological and knowledge synergies' while supporting Bit2Me's fintech expansion in Spain and the European Union. (Cointelegraph)
BlockSec: FutureSwap suffers reentrancy attack on Arbitrum chain, losses amount to approximately $74,000
BlockBeats news, January 14, according to BlockSec Phalcon monitoring, the FutureSwap contract on the Arbitrum chain has been attacked again, with estimated losses of around $74,000. The attack exploited a reentrancy vulnerability, with the attacker conducting operations in two steps: first, using the reentrancy flaw during a liquidity provision process three days ago to mint an excessive amount of LP tokens; then, after waiting three days, burning these illegally minted LP tokens to redeem the underlying collateral assets, stealing funds from the protocol and profiting.
On-chain evening recap: Spot and futures whales are taking opposite positions, leading to a divergence in long-short structure
BlockBeats news: On January 14, according to Hyperinsight monitoring, the following movements of hot whales with recent repositioning were observed from 10:00 to 20:00 today:
Long-side camp:
A certain whale withdrew 12,000 ETH from Binance (approximately $39.98 million), bringing their total holdings to 80,980 ETH (about $269.46 million).
Bullish whale 'pension-usdt.eth' liquidated 20,000 long ETH positions, ultimately making a profit of $4.728 million.
Short-side camp:
A whale, previously having sold 255 bitcoins, has opened a short position worth $73.9 million.
'20 million swing hunter' increased short positions in BTC, LTC, and HYPE, with unrealized losses of $1.15 million.
Tether CEO: WDK continuously expanding, now supports RGB protocol
BlockBeats news, January 14, Tether CEO Paolo Ardoino tweeted that Tether's Wallet Development Kit (WDK) is continuously expanding and now supports the RGB protocol.
CZ on Bitcoin: $200,000 will eventually come, no peak in sight
BlockBeats news, January 14, CZ responded to Bitcoin-related questions in a Chinese AMA, stating he continues to be bullish on Bitcoin, and that $200,000 will eventually be reached, 'I can't see a peak for now.'
CZ: Binance Square and X platform have different genes; X users may need KYC to trade directly
BlockBeats news, January 14, CZ stated during a Chinese AMA that users on Binance Square have completed KYC and can directly participate in trading. For users on the X platform, who may soon have smart asset tags and potential trading features launched, they might still need to go through a KYC process.
CZ on expectations for BSC meme coins: Likes meme humor, but indifferent to meme coin trading, hopes BSC infrastructure meets user trading demands
BlockBeats news, January 14, CZ stated during a Chinese AMA that he likes memes, but is not personally interested in meme coins. He hopes the infrastructure of BSC can be improved to better meet users' trading needs.
CZ on 'P Xiaojiang monopolizing early meme coin holdings': No need for third-party intervention for now
BlockBeats news: On January 14, during a Chinese AMA, CZ commented on the phenomenon of 'P Xiaojiang monopolizing early meme coin holdings,' stating that this is, to some extent, an embodiment of decentralization. Early investors in meme coins also face certain risks, and subsequent buyers are making autonomous research decisions. CZ believes this phenomenon does not currently require third-party intervention.
Regarding the issue of CZ's tweet triggering a meme frenzy, CZ stated that genuine memes should have 'background stories and historical context,' and only a very small number can truly hold value. CZ mentioned that the failure rate of meme coins exceeds 90%, and investors must take responsibility for their own choices.