Invest ideasNews
19 Jan 2026, 20:40
A wallet linked to Bhutan's Druk Holdings has built a 117K ETH position on Aave
Druk Holdings, the investment company of the Royal Government of Bhutan, is actively trading ETH. Wallets potentially linked to the holding are building a large ETH leveraged position. Wallets identified as possibly belonging to Druk Holdings have started building a leveraged position on ETH. Analysts noted Bhutan-related addresses withdrew 42K ETH from Binance, along with $54M USDT. The wallets then bought more ETH and deposited it on Aave, borrowing more USDT. The loan was used to acquire more ETH. The address is tagged as a whale wallet, possibly linked to Druk Holdings. Arkham tracked the entity twice, with one wallet not tagged as belonging to the Royal Government of Bhutan. In total, the wallets built a 117K ETH position, depending on the positive performance of the asset. Lending ETH to borrow more stablecoins has been used for more exposure during the bull market, but may expose some wallets to liquidations in a downturn. Druk Holdings expands ETH exposure ETH was a relatively small holding in the portfolio of the Royal Government of Bhutan. The Government’s known wallets hold a minimal remaining balance of 17.695 ETH. Until recently, most ETH has been sitting idle in Bhutan’s wallets. The Royal Government of Bhutan held 3,000 ETH in the summer of 2025, later divesting the holdings. Some of the ETH initially held idly was staked in several deposits. The Royal Government of Bhutan also accelerated its acquisition of ETH from September 2025 onward. The Druk Holdings entity has already accrued a small portfolio valued at over $458K , with most in the form of AESTHWETH, a form of wrapped ETH on Aave. In total, the entity’s wallet made 35 transactions to Aave, moving $735M over time. The entity also holds $275.6M on Lido. The entity funded its wallets over the weekend and expanded the leveraged position on Monday. If the wallet is proven to belong to Druk Holdings, this would be one of the first leveraged positions on ETH taken by a state entity. In total, the entity’s wallet made 35 transactions to Aave, moving $735M over time. In late 2025, Bhutan also introduced an Ethereum-based national identity system, inviting Vitalik Buterin to launch the project. Bhutan is more active with its ETH treasuries The flagged entity has significant wrapped ETH activity on Aave and Lido. Unlike the BTC treasury, ETH holdings allow for passive income and potential passive income. In the past months, Bhutan’s known wallets moved both ETH and BTC, currently holding around $556M, down from over $1B. Some of the BTC was moved to new addresses over time for security purposes. The ETH holdings have not been sold on the open market; instead, they are making use of the existing DeFi ecosystem. At the current ETH price range above $3,200, most of the positions on Aave are liquidatable at around $1,400 per ETH. Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.
19 Jan 2026, 20:38
Injective community passes governance vote to slash INJ token supply
Approved with 99.89% support, the proposal updates issuance and buyback parameters that govern how INJ is removed from circulation over time.
19 Jan 2026, 20:30
Why The Dogecoin Price Could Outperform Bitcoin Again
The cryptocurrency market has shown choppy and uneven momentum in the past week. Bitcoin’s price recently climbed to an eight-week high above $97,000, but it has since retraced to trade around the low $90,000s. Dogecoin’s movement has mirrored this mixed mood. A brief rally lifted it close to resistance around $0.15 last week, but the meme coin has since slid back below $0.13, weighed down by profit-taking among investors. Against this backdrop of consolidation and short-term corrections, technical analysis shared recently by a crypto analyst on X highlighted a setup in the BTC/DOGE cross-pair chart that shows Dogecoin is going to outperform Bitcoin if current technical patterns play out as expected. BTC vs DOGE: What the Technicals Suggest Technical analysis of the BTCUSDT/DOGEUSDT chart shows the two crypto heavyweights trading in an ascending channel that has repeatedly tested its upper boundary without a convincing breakout, a sign that the uptrend may be weakening. In technical trading frameworks, failure to sustain momentum at resistance often precedes a reversal. Related Reading: Dogecoin Price Is Following This Bullish Signal With A Major Target In this case, the declining slope of recent attempts to push higher in the BTC/DOGE ratio indicates that Bitcoin may be losing relative strength to Dogecoin in the short term. As it stands, the BTC/DOGE pair looks like it is now rejecting at the upper boundary of this ascending channel, and the next move is a push downwards. This interpretation of the ratio doesn’t comment on the absolute price of both cryptocurrencies but only the performance comparison of the two assets. If the ratio breaks down below the channel’s lower trendline, then it could be interpreted as a signal that Dogecoin is gaining relative performance against Bitcoin, and this could cause crypto traders to reallocate capital into the relatively stronger asset. What Dogecoin Outperforming Bitcoin Might Look Like Bitcoin’s price action over the past several days has been defined by volatility around the mid-$90,000 level. Easing inflation fears and the United States Supreme Court declining to rule on international trade tariffs helped lift BTC close to $97,000 last week. However, the leading cryptocurrency is now back to trading around $93,030 at the time of writing. Related Reading: Dogecoin RSI Just Entered Historical Oversold Levels Again, Will It Repeat 2021? Meanwhile, Dogecoin’s trajectory has matched Bitcoin’s price action and the wider crypto market trend. DOGE faced rejection following spikes to resistance around $0.15, which prompted a slide back to $0.127, just below the $0.13 price level that has acted as a support in recent months. If the technical prediction on the BTC/DOGE ratio unfolds as anticipated, the outperformance by Dogecoin against Bitcoin could play out in many ways. The outperformance could appear not necessarily as DOGE exploding upward in isolation, but also as DOGE holding stronger or falling less than Bitcoin during corrections. Featured image from Getty Images, chart from Tradingview.com
19 Jan 2026, 20:22
Shiba Inu Price Faces Pressure as 361B SHIB Exit Exchanges
The supply of Shiba Inu on centralized exchanges continues to decline. Recent on-chain movements point to reduced immediate selling pressure despite short-term losses. The trend reflects shifting investor behavior rather than a direct price catalyst. As a result, market attention has turned to whether accumulation is replacing distribution. Shiba Inu Exchange Supply Drops Sharply Data from CryptoQuant shows that 361,380,965,000 SHIB tokens exited centralized exchanges between January 16 and Monday. According to the platform, total exchange reserves fell from 82.642 trillion SHIB on Friday to 82.28 trillion SHIB. This reduction occurred even as Shiba Inu’s price declined over the weekend. On Friday, SHIB traded near $0.00000856 while exchange balances remained elevated. By Monday, the price had retraced to around $0.00000787, yet exchange reserves continued to drop. Data shows this divergence often draws attention because declining exchange supply usually appears during periods of accumulation. CryptoQuant figures also show that Binance recorded a notable decline in SHIB reserves over the same period. The exchange’s balance dropped from 62.53 trillion tokens to 62.42 trillion. Binance holds the largest share of SHIB liquidity, making its reserve movements closely watched. What Exchange Outflows Signal for SHIB Holders The exchange outflows are a sign that investors are moving assets into self-custody wallets or third-party storage solutions. Such behavior typically aligns with longer holding strategies rather than short-term trading. As fewer tokens remain readily available on exchanges, immediate selling pressure tends to ease. This trend has reassured some Shiba Inu holders amid recent losses. At press time, SHIB trades at around $0.00000808. The token declined by 3.57% over the past 24 hours and by 5% over the past 7 days. Despite this correction, exchange supply continued to contract, suggesting that some investors chose to hold rather than sell into weakness.
19 Jan 2026, 20:20
Magic Eden plans to set aside up to 15% of platform revenue for buybacks and yield
According to an official post it shared via its X page, Magic Eden, a star from the NFT boom era, will now allocate 15% of all platform revenue to buybacks and staking rewards as of next month to redistribute value in the $ME token ecosystem. The new program is a spinoff of its earlier buyback program, which started in late 2025 and initially focused 15-30% of fee revenue generated from the secondary marketplace on the $ME token and NFT repurchases. Magic Eden unveils buybacks and USDC staking rewards This new model expands on that. It is scheduled to take effect from February 1 and will cover revenue from the entire platform, including NFTs, packs, predictions, and other features. “The goal is simple. When Magic Eden wins, the ecosystem wins too,” the announcement shared on X read . It also revealed the revenue will be split evenly, with 50% going to $ME buybacks while the other 50% will be distributed as USDC rewards to $ME stakers, based on staking power. The post claims that the existing marketplace-only $ME buybacks are being replaced by this ecosystem-wide system, and staking power is determined by how much users stake and how long they stake it. The USDC rewards will reportedly be claimable monthly, with the first claim to be made available in March for February activity. Those rewards will remain available for 90 days after that and must be claimed within that time frame. The post did not elaborate on what will happen to unclaimed rewards after that time lapses. The hybrid model has caught the interest of community members as it rewards long-term holders with real USDC yield, which could encourage fresh inflow and also reduce sell pressure on the token itself, all while providing buy support. Some analysts estimate it could also deliver alluring APYs for stakers based on current revenue and staking levels. However, it should be noted that the actual yield will be tied directly to platform performance. Magic Eden expanded beyond NFT trading since volumes declined Magic Eden burst onto the NFT scene in 2021 and quickly dominated the sector, becoming prominent by offering low fees and creator-friendly tools. Over the years, it has facilitated over $15 billion in NFT trading volume. However, after NFT trading volumes started to decline, the team had to make a decision: become obscure just like NFTs or pivot to stay relevant. It chose to pivot, quickly evolving over time into more than just a simple NFT marketplace to build a diverse set of revenue streams, which is why, in 2026, even though NFTs no longer command as much attention, it is still kicking. That meaningful pivot started heating up between 2024 and 2025. It started by launching its own crypto wallet, which allows users to store and manage not only NFTs but also fungible cryptocurrency. “We certainly are not retrenching our investment into NFTs; we are ramping it up even more,” Chief Executive Jack Lu said . “However, crypto does have a lot of ups and downs, and for us to diversify into more categories and use cases, that makes us more resilient and stronger.” That development happened in January 2024 and marked its shift toward a platform that supported all chains and all assets. By April 2025, it announced the acquisition of Slingshot, a mobile-first on-chain crypto trading app, and it was described as the platform’s biggest move beyond NFTs, as it facilitated token trading across millions of tokens and multiple chains. Magic Eden as a hub for crypto entertainment The Slingshot purchase positioned the ME platform as a rival of CEXs and helped it diversify revenue into token trading. By the middle of 2025 and towards the end of the year, it had introduced more gamified entertainment features that helped it evolve into a crypto entertainment platform. Towards the end of 2025, it continued its rebranding as a hub for on-chain entertainment, offering more gaming features and prediction markets, developments that kept encouraging activity on the platform while generating revenue in the process. If you're reading this, you’re already ahead. Stay there with our newsletter .
19 Jan 2026, 20:14
Trump’s Tariff Talk and Policy Gridlock Push Bitcoin Lower as Markets Turn Defensive
The top crypto asset opened the week on the back foot, sliding 2.5% against the greenback since Sunday evening, yet it’s still nursing a roughly 1.5% gain over the past seven days. Meanwhile, traders and onlookers alike are holding their breath as U.S. President Donald Trump dusts off tariff threats aimed at several European countries.
