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The head of the investment team at Multicoin Capital, Vishal Kankani, released a response to the Aave Will Win framework, expressing support for the proposal put forth by Aave Labs.As a significant holder of AAVE, Multicoin Capital believes that redirecting 10% of Aave brand product revenue to the DAO is a strategic shift that will help propel Aave towards a clearer token economic model. The company stated that if executed properly, this proposal would not only be significant for Aave but also set an important precedent for the entire DeFi space.Multicoin Capital indicated that the proposal allocates approximately $25 million in stablecoins, along with 75,000 AAVE (valued at about $118 per AAVE, totaling around $9 million), as well as additional milestone rewards.In total, this means an economic exposure of over $40 million to $50 million, accounting for about 25% to 30% of the total funds. This represents a substantial portion of the Aave DAO's funding. Given the scale and pioneering nature of this funding request, we believe the proposal should provide more detailed financial and underwriting data to substantiate the scale of the request.

Bubblemaps disclosed on platform X that Trove Markets has quietly refunded the KOLs who participated in the presale, while other presale participants suffered heavy losses. By monitoring wallets associated with the TROVE token deployer, it was discovered that one day after the token crash, $100,000 worth of USDC and $350,000 worth of USDT were transferred to a newly funded wallet. On-chain evidence and leaked chat records have now been obtained, proving that the project team has engaged in improper behavior by treating investors differently.After raising $11.5 million through an ICO in January, Trove stated that it would retain $9,397,403 to continue building PerpDEX on Solana. This move sparked strong dissatisfaction within the community, with the token price dropping over 95%, resulting in severe losses for ICO participants, who accused the team of a rug pull. According to community feedback, the project has issues such as "paying KOLs for promotion, with funds flowing to entertainment platform deposit addresses."

The Solana ecosystem issuance platform MetaDAO has encountered its first failed ICO project, Hurupay. The project launched on February 3, 2026, with a minimum fundraising goal of $3 million. Ultimately, only about $2,003,593 was raised (approximately 67% of the minimum target). Due to not reaching the stipulated minimum financing threshold, MetaDAO announced the failure of this ICO, and all participant funds will be refunded.Community feedback indicates that the project's overvaluation, unclear team background, and significant changes to the financing terms were factors contributing to the failure of this ICO.

According to Arkham analyst Emmett Gallic's monitoring, Multicoin-associated addresses transferred 440,000 JITOSOL to market makers FalconX and Galaxy Digital, worth approximately $47 million.Emmett Gallic expects that Multicoin still holds at least about 2.8 million SOL ($250 million). At the beginning of 2021, they held as much as 24 million SOL. Multicoin co-founder Kyle Samani announced his departure to explore new directions in the tech field while still serving as the chairman of the largest SOL treasury company.

According to Jinshi, the Philadelphia Semiconductor Index rose by 4.2%.

According to Gate market data, U.S. semiconductor and chip equipment stocks rose in pre-market trading, as Alphabet (GOOG.O) indicated that its capital expenditures could double by 2026. Broadcom (AVGO.O) rose by 5%, while AMD (AMD.O) and NVIDIA (NVDA.O) both saw increases of over 2%.

According to community user records, Multicoin co-founder Kyle Samani stated yesterday in response to X user Taran (@Taran_ss) regarding the "bear market complaints":"Cryptocurrency is not as interesting as many people (including myself) once imagined. I used to believe in the vision of Web3 and in dApps. Now I don't. Blockchain is essentially just an asset ledger. They will reshape finance, but that's about it, nothing much more. DePIN is another noteworthy area. Cryptocurrency will continue to improve, but all the truly interesting questions have already been answered, except for the issue of on-chain privacy/confidentiality. (I still firmly believe that Zama will win this race.)"Shortly after, Kyle quickly deleted the tweet and earlier today posted a resignation announcement, stating that he has decided to step down from Multicoin Capital and will continue to serve as the chairman of Forward Industries (the largest SOL treasury company), looking forward to taking a break and exploring new directions in the tech field.Kyle also tweeted in response that he remains extremely bullish on SOL and cryptocurrency personally, and will continue to participate in the cryptocurrency space both as an individual and as the chairman of Forward.However, Multicoin Capital's letter to LPs may further validate the notion that "Kyle is no longer interested in crypto." The letter states, "Kyle's interests have expanded from cryptocurrency to other tech fields such as artificial intelligence, life sciences, and robotics, and he has decided to invest time in exploring these emerging technologies."

Co-founder of Multicoin Capital, Kyle Samani, announced on social media that he has decided to step down from Multicoin Capital and will continue to serve as the chairman of Forward Industries (the largest SOL treasury company).As part of the redemption request planned to be submitted to the Multicoin main fund, he will apply for a physical redemption in the form of FWDI stock and warrants, rather than cash in USD, depending on Multicoin's subsequent decisions, legal and compliance approvals, and the independent consent of Forward. Kyle expressed mixed feelings about saying goodbye, as his time at Multicoin has been one of the most meaningful and rewarding experiences of his life. Nevertheless, he looks forward to taking a break and exploring new directions in the tech field.Kyle Samani is one of the most influential investors in the cryptocurrency space. Since its founding in 2017, Multicoin has become one of the most successful crypto-focused funds, managing billions of dollars. Multicoin is one of the most well-known early institutional investors in Solana, heavily investing in the seed/early stages and steadfastly holding during the extreme situation when Solana plummeted over 90% after the FTX collapse.Kyle is one of the investors in the crypto space who loves to write long articles, and the "three mega theses" proposed by him and the Multicoin team have influenced a generation of practitioners' understanding of the intrinsic value of crypto. Forward Industries will completely pivot to the crypto space in September 2025 through a $1.65 billion PIPE (private investment in public equity), led by crypto giants such as Multicoin Capital, Jump Crypto, and Galaxy Digital, with Kyle Samani personally adding $25 million and serving as chairman.According to the latest report, as of January 15, 2026, the publicly listed Solana treasury company Forward Industries holds a total of 6,979,967.46 SOL, far exceeding other competitors, and has staked almost all SOL since establishing the Solana treasury, earning 133,450 SOL in staking rewards.

The crypto venture capital firm Multicoin Capital announced that co-founder and managing partner Kyle Samani will gradually step back from the company's daily operations.Co-founder Tushar Jain stated that Samani's interests have expanded from the crypto space to cutting-edge areas such as artificial intelligence, longevity technology, and robotics, prompting him to dedicate more time to exploring these emerging technologies. Kyle Samani gained significant attention for his early bet on Solana and has been an important voice in the industry for years, actively promoting multiple tracks including DePIN, and co-founding the digital asset vault company Forward, which focuses on SOL as its core asset. He has also proposed core concepts related to Solana's performance, such as IBRL (Increase Bandwidth, Reduce Latency).Samani stated that leaving Multicoin is a "bittersweet" decision, but he will continue to invest in the crypto industry as an individual and remain a voice for the Solana ecosystem.

According to MLM monitoring, wallets associated with Multicoin Capital are converting a large amount of ETH into HYPE:Since January 22, the related wallets have transferred 87,100 ETH, worth approximately $220 million, to a deposit address associated with Galaxy Digital linked to Multicoin. On January 23, the day after the first transfer, a wallet associated with Multicoin began receiving HYPE from Galaxy.Related addresses:ETH Address: 0xfe188cA6FAf02b1Aa88d4AEF21f7de5D4ba64A70HYPE Address: 0xd4d56a30a4a745f8ba732e8b453b7066260fbc10The first large transfer occurred on January 26, when Multicoin received 465,000 HYPE (approximately $16 million). In the following 5 days, they received about 990,000 HYPE (approximately $30.6 million) from Galaxy. No other on-chain transfers of similar scale have been found so far, but it cannot be ruled out that more will appear in the coming days.Of course, it is not 100% certain, but based on the timing and on-chain associations, there is already sufficient basis to share this judgment. MLM stated, "Previously, we were not aware that they held such a large amount of ETH. If the judgment is incorrect, I am willing to delete this content."

DAO infrastructure provider Tally announced that it will conduct an ICO and plans to publicly document the entire process over the next 60 days. In addition, Tally has built an ICO fundraising platform based on Uniswap CCA to help teams of any size raise capital.

According to MLM monitoring, suspected addresses associated with Multicoin Capital increased their holdings by a total of 355,000 HYPE last week, worth $40.8 million.

According to MLM monitoring, a suspected wallet bought 1.355 million HYPE last week, worth approximately 40.8 million dollars.

Bybit TradFi today launched three popular US stock CFDs: ASML, LRCX, and RIVN, covering high-end chip manufacturing, semiconductor equipment, and the new energy vehicle sector, helping users easily layout in the global market. At the same time, Bybit TradFi is offering a limited-time benefit, where new users can enjoy up to 5,030 USDT in welcome bonuses, unlocking exclusive rewards by depositing and trading.ASML: A global leader in photolithography machines, a core enterprise in the semiconductor industry chainLRCX (Lam Research): A leader in semiconductor equipment, benefiting from the continuous growth of chip manufacturingRIVN (Rivian): A new force in the US electric vehicle market, focusing on electric pickups and SUVsThe above US stocks can be traded on Bybit TradFi after the market opens. To date, the Bybit TradFi platform now supports over 200 traditional asset trades, covering gold, silver, popular indices, forex, and more US stocks, providing platform users with more comprehensive investment opportunities.

The UK fintech giant Revolut has officially launched its full banking operations in Mexico, marking the company's first licensed bank outside of Europe. Revolut becomes the first independent digital bank to be approved by directly applying to regulators (rather than acquiring a local institution or partnering), investing over $100 million in capital, which is double the regulatory minimum requirement, with a capital adequacy ratio of 447.2%.The rating agency HR Ratings has assigned a long-term HR AAA rating, while S&P has given a mxA+ stable outlook rating. CEO Nik Storonsky stated that Mexico will be the blueprint for expansion into emerging markets. Revolut's revenue is projected to reach $3.8 billion in 2024, with profitability for four consecutive years, and a valuation of $75 billion by 2025.

The asset issuance platform MetaDAO will launch the payment project Hurupay ICO on February 3 at 18:30 UTC.According to public information, Hurupay aims to help users obtain USD and EUR bank accounts, as well as virtual USD cards, supported by Founders Inc. and angel investors from Microsoft and Bankless.