According to Odaily Planet Daily, Zakk Wang, product manager of OKX Wallet, stated at the OKX New Year's Eve dinner event that X Layer is a crucial cornerstone for OKX's continued progress in Web3 and must fulfill its historical responsibility. The construction of X Layer will proceed in three phases: The first phase focuses on solidifying the underlying technology to ensure high performance, stability, and low cost over a prolonged period, with transaction gas being virtually free and TPS and block generation speeds maintained at high levels. The second phase involves infrastructure, DeFi, and asset development. While introducing Uniswap, priority will be given to building a stable and robust Swap and DeFi system, continuously improving on-chain TVL, supporting high-frequency and common use cases such as staking, avoiding ecosystem homogenization, and improving payment infrastructure, including card and X402 capabilities. All related construction will revolve around X Layer. Currently, the overall project has progressed to the third phase, where OKX will begin implementing the previously announced incentive funds, starting with an X Layer hackathon for the community and universities to promote the implementation of more projects that truly contribute to industry development.

Odaily Planet Daily reports that the Ethereum Foundation has announced the formation of a dedicated Post-Quantum (PQ) team, led by Thomas Coratger and supported by leanVM cryptographer Emile, elevating QS security to a top strategic priority. Researcher Justin Drake stated that Ethereum is shifting from a long-term back-end research phase to active engineering implementation, including launching a bi-weekly QS transaction developer conference and running a multi-client QS consensus test network. The Ethereum Foundation is also increasing funding and community investment, planning to launch two cryptography awards, each worth $1 million, and hosting multiple QS-related community events and educational programs in 2026. The Ethereum Foundation emphasizes that while the quantum threat remains a medium- to long-term risk, blockchains need to plan ahead to ensure wallet security and smooth network upgrades.

According to SoSoValue data, Ethereum spot ETFs saw a total net outflow of $41.7358 million yesterday (January 23rd, Eastern Time). The Ethereum spot ETF with the largest single-day net inflow was the Grayscale Ethereum Mini Trust ETF (ETH), with a net inflow of $9.1571 million, bringing ETH's historical total net inflow to $1.643 billion. This was followed by the Fidelity ETF (FETH), with a net inflow of $4.3963 million, bringing FETH's historical total net inflow to $2.591 billion. The Ethereum spot ETF with the largest single-day net outflow was the BlackRock ETF (ETHA), with a net outflow of $44.4925 million, bringing ETHA's historical total net inflow to $12.506 billion. As of press time, the total net asset value of the Ethereum spot ETF was $17.702 billion, with an ETF net asset ratio (market capitalization as a percentage of Ethereum's total market capitalization) of 4.99%, and a cumulative net inflow of $12.302 billion.

Huoxun Finance reported on January 24th that Paradex released a report on the liquidation event triggered by database maintenance on January 19th, and will refund $650,000 to 200 users. Paradex had planned a 30-minute database upgrade and maintenance, but encountered unexpected problems during the process. During critical data operations, a race condition occurred during service restart, causing corrupted data to be persisted to the cloud and published to the ParadexChain. As a result, the funding index in some markets was reset to 0, causing abnormal profit and loss, and triggering liquidations in multiple markets. Paradex temporarily closed access to the platform, canceled all open orders except for take-profit and stop-loss orders, and rolled back the blockchain to a snapshot taken before the maintenance window began. Previous reports indicated that Paradex was temporarily unavailable due to database maintenance and chain rollback.

According to SoSoValue data, Bitcoin spot ETFs saw a net outflow of $104 million yesterday (January 23rd, Eastern Time). The BlackRock ETF (IBIT) experienced the largest single-day net outflow at $102 million, bringing its historical total net inflow to $62.903 billion. The Fidelity ETF (FBTC) followed with a net outflow of $1.9473 million, while its historical total net inflow reached $11.465 billion. As of press time, the total net asset value of Bitcoin spot ETFs was $115.883 billion, with an ETF net asset value ratio (market capitalization as a percentage of Bitcoin's total market capitalization) of 6.48%, and a historical cumulative net inflow of $56.495 billion.