Today's news tips:
1. Bitwise CEO: Regulators may approve five digital asset spot ETFs this year
2. Data: WLFI’s crypto asset investment has now lost $51.7 million, with ETH losing the most
3. Data: The total amount of liquidation in the past 24 hours has risen to over 2 billion US dollars
4. An Ethereum whale that had been silent for 6 years transferred ETH worth $230 million to Bitfinex before the crash
5. He Yi: In the past two years, Binance has conducted more than 120 internal audits and recovered $30 million in illegal gains
6. THORChain plans to respond to $200 million debt crisis by issuing equity tokens
7. Coinbase Director: Trump has made more than $800 million from TRUMP coin
Regulatory/Macro
Bitwise CEO: Regulators may approve five digital asset spot ETFs this year
Bitwise CEO Matt Hougan revealed that regulators may approve spot ETFs for up to five different digital assets this year. However, to achieve this goal, the SEC needs to cross the "Regulatory Rubicon."
The EU responded that it would resolutely fight back if Trump imposed tariffs on EU goods
Trump said last week he would "absolutely" impose tariffs on the European Union. The European Union said it would "respond firmly" if the United States imposed tariffs, the latest display of dissatisfaction with President Trump's trade policies, whose effects are spreading around the world.
Due to a short legislative window and “political momentum,” Utah could become the first state in the U.S. to establish a Bitcoin reserve. Dennis Porter, CEO of Satoshi Action Fund, said in a recent interview that Utah has a “great chance” of becoming the first state in the U.S. to establish a Bitcoin reserve because they only have 45 days to make a decision.
The Trump administration's first round of trade policies has caused sharp fluctuations in global markets. The bear market flattening of the Treasury yield curve - 2-year yields rose while 10-year yields fell, indicating market concerns about short-term inflation and the long-term risks of the trade war to global economic growth. The widening of the New York and London gold price gap not only reflects the unwinding of popular EFP carry trades, but also suggests that gold may face logistical challenges in moving between different vaults, reminding the market of the uncertainty that the scope of tariffs may be further expanded.
Project News
Data: WLFI's crypto asset investment has now lost $51.7 million, with ETH losing the most
According to Spot On Chain data monitoring, affected by Trump's new tariff policy, World Liberty Financial invested $243 million in crypto assets from January 19 to 31, and has currently lost $51.7 million, a drop of 21%. Among them, ETH lost $36.7 million (-24.4%), WBTC lost $8 million (-12.1%), and ENA lost $2.05 million (-43.7%).
Berachain Foundation: Boyco deposits closed
The Berachain Foundation stated on the social platform that the Boyco deposit has been closed.
Data: Raydium surpassed Uniswap to become the largest DEX trading platform last month
According to data from The Block, Raydium processed 27% of DEX trading volume in January, surpassing Uniswap to become the platform with the largest DEX trading volume. At the same time, Raydium's market share increased from 18.8% in December to 27.1% in January, while Uniswap fell from 34.5% in December to 22% in January.
THORChain plans to issue equity tokens to deal with $200 million debt crisis
THORChain governance passed a restructuring plan proposal to issue a new token called TCY (Thorchain Yield) to convert nearly $200 million in defaulted debt into equity. The proposal includes minting 200 million TCY tokens, with 1 TCY token allocated for every dollar of defaulted debt.
Binance co-founder He Yi said in Space that there are currently two coordinators from US law enforcement agencies within Binance. In the past two years, they have conducted more than 120 internal audits, more than 60 people have been fired for violations, and a total of US$30 million in illegal gains have been recovered. There are currently two cases of litigation and prosecution underway.
Coinbase Director: Trump has made over $800 million from TRUMP Coin
Coinbase director Conor Grogan said that US President Trump and his team may have earned more than $800 million after launching the TRUMP coin. According to an X post today, Grogan said that Trump and his team earned $802 million from transfers, liquidity events and fees related to TRUMP.
According to Aastocks, Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, said that foreign exchange fund investments must consider liquidity, stability, long-term returns and diversification benefits. He revealed that there are currently allocations to metals and mainland assets, but no intention to allocate to virtual assets.
Viewpoint
Matrixport Lianchuang: The Asian market lacks independent thinking, and the market will recover soon
Daniel Yan, co-founder of Matrixport, said on social media that it was another typical weak Monday, with insufficient liquidity and commodity trading advisors (CTAs) following suit leading to the market decline. The Asian market can neither withstand any negative news nor independent thinking in the near future. However, tariffs will not have a significant impact on U.S. productivity and inflation, and the market will recover soon.
Bitwise predicts that the inflow of funds into US Bitcoin spot ETFs will reach $59 billion in 2025
Matt Hougan, investment director at Bitwise, said that the U.S. spot Bitcoin ETF received nearly $5 billion in inflows in January, which could bring its inflows to $59 billion by the end of 2025. In comparison, the inflows of U.S. spot Bitcoin ETFs for the whole of 2024 were $35.2 billion.
Binance co-founder He Yi said in Space that Binance will consider many factors when listing coins. Taking the previously popular AI16Z as an example, the market value of this coin was already large when it came into consideration. During the discussion on listing coins, Binance was worried about whether the "listing is the top", so there were different opinions within the company.
Important data
Data: In the past 24 hours, the total amount of liquidation has risen to over 2 billion US dollars
According to Coinglass data, the total amount of liquidation in the entire network rose to US$2.053 billion in the past 24 hours, of which long positions were liquidated for US$1.78 billion and short positions were liquidated for US$273 million.
According to Lookonchain data monitoring, before the market plummeted, an Ethereum whale wallet that had been silent for 6 years deposited all 77,736 ETH (worth US$228.6 million) into Bitfinex.
According to SoSoValue data, Bitcoin spot ETFs had a net inflow of $560 million last week (January 27 to January 31, Eastern Time). The Bitcoin spot ETF with the largest net inflow last week was Blackrock's Bitcoin ETF IBIT, with a weekly net inflow of $751 million. Currently, IBIT's total historical net inflow has reached $40.48 billion.
A whale bought over $110 million worth of ETH after the market fell
According to Lookonchain monitoring, after the market fell, the whale "7 Siblings" bought $111.72 million worth of ETH at an average price of $2,480.
CryptoQuant CEO Ki Young Ju said on social media that Bitcoin's "Kimchi premium" reached 12%, a three-year high. The main reason for Bitcoin's decline seems to be the strengthening of DXY (US dollar index). The Kimchi premium surged at the local bottom, not because Koreans bought the dip, but because Bitcoin was being converted into US dollars. Similar trends may exist in other countries.
According to Lookonchain data monitoring, before the market crash, an Ethereum whale wallet that had been silent for 6 years deposited all 77,736 ETH (worth $228.6 million) into Bitfinex. The wallet withdrew 77,736 ETH from Bitfinex on January 5, 2019, which was only worth about $11.9 million at the time.
