Cryptonews

In a plot twist that even Netflix would reject, Citgo Petroleum has decided to dip its toes back into Venezuelan crude oil, a move as surprising as finding out your ex still has your sweatshirt. According to “sources familiar with the matter” (read: people who probably shouldn’t be talking), this is the first time in seven years Citgo has gone down this road. Why now? Well, it seems the U.S. has been making nice with Venezuela since Nicolás Maduro was dramatically captured by U.S. forces on January 3, 2026. Maduro, now a Brooklyn resident (albeit in a less desirable neighborhood), has pleaded not guilty to charges that include narco-terrorism and conspiracy to import cocaine. Because nothing says “international diplomacy” like a high-stakes drug bust.

In the grand theater of cryptocurrency, where fortunes are made and lost with the flick of a digital switch, one trader-known to the world as the Hyperunit whale-has recently experienced a most devastating denouement. This individual, who had once danced in the limelight alongside Garrett Jin, has now departed from a colossal position in Ether, incurring a total loss close to $250 million. What remains in the depths of the Hyperliquid account? A mere $53, perhaps enough to buy a cup of coffee-or two, if one is courageous.

January closed with a ten percent decline, the fourth consecutive month in the red-an occurrence that would trouble even the most stoic of our bear-scarred neighbors.

When the earth tilts, stories sprout like weeds. Binance published a blog on January 30, laying down its version: it wasn’t a sly glitch that wrought the October stumble, but the stubborn laws of macroeconomics and the shape of markets that pulled both crypto and stock prices down the same tired road.

Silver Volume explodes, source: X

Bitcoin pundit Joe Consorti warned that the collapse of the precious‑metals market cap barely scratches the weight of Bitcoin’s own entire valuation-a painfully ironic reversal of fortunes.

Meanwhile, Bitcoin (BTC) made a dignified escapade back onto the $83,000 track after flirting with $81,000 on Friday. It yanked itself up to $98,901, marking an over 1% climb in the past day. The precious metals, on the other hand, decided to lose their sparkle: gold stumbled more than 10% and silver took a 30% dive, proving that even the most dazzling jewels can be brittle snaps in a winter wind.

Open interest across exchanges has declined as if the market suddenly remembered it left the stove on-broad deleveraging rather than heroic dip-buying. In plain terms: traders are closing positions instead of marching in with fresh longs to defend the current perch. And crucially, open interest has struggled to recover alongside price, which suggests conviction is thinner than a goblin’s disguise.

According to the hilarious (yet tragic) update from Lookonchain, the attacker crafted a fake address that matched the first and last four characters of Galaxy Digital’s real deposit address. Then, they sent tiny “dust” transactions to the victim’s wallet-basically, crypto breadcrumbs leading to a financial black hole. The goal? To make the address look legit and trick our hero into thinking, “Oh, this looks familiar!” Spoiler alert: it wasn’t.

Meanwhile, the crypto market seems to be on a perpetual coffee break, unable to muster the enthusiasm to chase gold’s glittering tail.