Today's News Highlights:
KuCoin has reached a settlement with the U.S. Department of Justice (DOJ)
Mysten Labs co-founder: Sui will support transactions via SMS
Coinbase will launch the AI concept token Venice Token (VVV) on the Base chain
Santiment data: Whales bought 460 million DOGE during the recent market downturn
Regulation/Macro
Trump: Hopes for a bidding war over TikTok, Microsoft is currently in acquisition talks
Trump stated: Hopes for a bidding war over TikTok, and Microsoft (MSFT.O) is currently in acquisition talks with TikTok.
On January 27, the Hong Kong Securities and Futures Commission approved two more virtual asset trading platform licenses, namely PantherTrade under Futu and YAX under Tiger Brokers, increasing the number of licensed virtual asset trading platforms in Hong Kong to nine. According to the Hong Kong Securities and Futures Commission, there are still nine virtual asset trading platforms on the applicant list, of which five are considered for licensing.
KuCoin has reached a settlement with the U.S. Department of Justice (DOJ)
KuCoin has reached a settlement with the U.S. Department of Justice (DOJ). Meanwhile, KuCoin's founders Chun Gan and Ke Tang have also reached settlement agreements with the DOJ. According to the agreements, the DOJ agrees to drop all charges against the two founders once they meet specific conditions. This outcome paves the way for KuCoin and its new leadership team's future development. These resolutions mark a new chapter for KuCoin, demonstrating its commitment to global compliance and sustained growth under the leadership of new CEO BC Wong.
Nikkei 225 index fell by 1.00% during the day, chip stocks continue to decline
Japanese chip-related stocks plummeted significantly after the sell-off of U.S. tech stocks, with shares of SoftBank Group, Tokyo Electron, and Advantest all declining, among which Advantest (NVIDIA supplier) saw a 10% drop in stock price.
On January 27, local time, the U.S. Senate confirmed Scott Bessenet as Secretary of the Treasury with a vote of 68 in favor and 29 against. Previously, the U.S. Senate Finance Committee approved Bessenet's nomination with a vote of 16 in favor and 11 against on the 21st, and the Senate advanced the nomination confirmation process with a vote of 67 in favor and 23 against on the 25th. (CCTV) According to previous reports from the Financial Times, Bessenet is a hedge fund manager who served as an economic advisor to the former president and is widely regarded as a leading candidate for the position in Trump's new administration. Bessenet is the founder of Key Square Capital Management and became one of Trump's chief economic advisors in 2023, with Trump recently describing him as "Wall Street's top analyst." Scott Bessenet is a strong supporter of cryptocurrencies, especially Bitcoin.
The probability of the Federal Reserve maintaining interest rates this week is 97.3%
According to CME's "FedWatch": The probability of the Federal Reserve maintaining interest rates this week is 97.3%, while the probability of a 25 basis point rate cut is 2.7%. The probability of maintaining the current rate until March is 68.1%, with a cumulative probability of a 25 basis point rate cut at 31.1% and a cumulative probability of a 50 basis point rate cut at 0.8%.
AI
NVIDIA (NVDA.0) shares fell nearly 17%, with a record market value loss of $589 billion. According to Forbes, the company's CEO and largest individual shareholder Jensen Huang saw his net worth shrink by $20.8 billion, from $124.4 billion to $103.7 billion, dropping from 10th to 17th place on Forbes' real-time billionaire list. Oracle (ORCL.N) fell 14%, with Chairman Larry Ellison's net worth decreasing by $27.6 billion, dropping from third to fifth on the global billionaire list. The Bloomberg Billionaires Index showed that the world's top 500 billionaires collectively lost $108 billion on Monday, with tech industry giants losing a total of $94 billion, accounting for about 85% of the total decline in the index.
With the rise of Chinese AI company DeepSeek, malicious "DeepSeek" crypto tokens surged in the past 24 hours. According to security company BlockAid, as of January 27, at least 75 related scam tokens were created, tripling from the previous day. This is similar to the surge of counterfeit tokens following U.S. President Trump's release of a meme coin on January 18. According to BlockAid research analyst Oz Tamir, scammers have established a DApp that mimics the DeepSeek website, which has a "connect wallet" button that could steal users' wallet funds when clicked.
According to Jinshi Data on January 28, a Chinese AI startup named DeepSeek has released two large models, DeepSeek-V3 and DeepSeek-R1, in less than 30 days, causing a sensation online and ongoing discussions. According to foreign media reports, OpenAI CEO Sam Altman welcomed the debut of the DeepSeek-R1 model on social media platform "X" on the evening of the 27th. "DeepSeek-R1 is an impressive model, especially considering it can provide (such a product) at this price," Altman said in the post. "Having such new competitors is indeed exciting." Additionally, Altman mentioned in the post that OpenAI will accelerate the launch of new products.
NVIDIA states that DeepSeek's progress proves the need for more chips
NVIDIA stated on Monday that the progress of Chinese AI company DeepSeek indicates the practicality of its chips in the Chinese market, and more chips will be needed in the future to meet the demand for DeepSeek services.
Project Updates
Pudgy Penguin: The PENGU token is about to establish an important connection with the Abstract chain
Penguin posted on X that the Abstract mainnet has launched, and having Pudgy Penguin and Lil Pudgy Status will provide additional XP for users utilizing Abstract, with more rewards to come for holders in the future. Additionally, PENGU plans to establish an important connection with Abstract in the near future.
Binance: Will support the Cardano (ADA) network upgrade and hard fork
According to the official announcement, Binance is expected to suspend token deposits and withdrawals for the Cardano (ADA) network on January 30, 2025, at 04:45 (UTC+8) to support its network upgrade and hard fork. The project team will conduct the network upgrade and hard fork at approximately 05:45 (UTC+8) on January 30, 2025.
According to the official X message from Berachain, the Royco platform based on Berachain has launched, allowing users to deposit liquidity and earn rewards.
The Base gaming ecosystem B3 is about to launch its token. Holding the B3 token will provide opportunities to access new game chains and game chain tokens, opportunities to hold tokens from core infrastructure partners, and to stake B3 to earn "publisher" rewards, among others.
Mysten Labs co-founder: Sui will support transactions via SMS
Mysten Labs co-founder Adeniyi stated that Sui is about to launch a feature for transactions via SMS, bringing payments, DeFi, and rewards to everyone everywhere.
The AI project Venice Token (VVV) based on DeepSeek on the Base chain announced that it will airdrop tokens to active users in the Base ecosystem, including holders of VIRTUALS, AERO, DEGEN, AIXBT, GAME, LUNA, VADER, CLANKER, and MOR. According to on-chain data, the price of the VVV token rose 8326.43% in 24 hours, with a market cap of $1.66 billion. Previously, it was reported that Coinbase would launch the AI concept token Venice Token (VVV) on the Base chain.
Coinbase will launch the AI concept token Venice Token (VVV) on the Base chain
According to the official announcement, Coinbase will launch the AI concept token Venice Token (VVV) on the Base chain. The transfer of this asset can be conducted on Coinbase and Coinbase Exchange, and it will be rolled out in phases once sufficient asset supply is established on the VVV-USD trading pair.
Opinions
Matrixport released a chart today stating that over the past five years, Bitcoin's 30-day realized volatility has averaged 58%. Typically, during bull and bear markets, volatility exceeds this average, such as during the bull market of 2020/2021 and the bear market of 2022. However, recent volatility has been unusually low, which is noteworthy, as Bitcoin's volatility is usually amplified during market upswings or downturns.
The introduction of a Bitcoin spot ETF seems to play a significant role in suppressing Bitcoin's volatility after bringing in Wall Street investors. Lower volatility allows institutional investors to take on more risk, and coupled with Bitcoin's strong performance in 2023 and 2024, this may continue to attract more Wall Street funds. As institutional buying absorbs market downturns, this trend is expected to further stabilize Bitcoin's price, thereby suppressing its volatility.
Important Data
Santiment data: Whales bought 460 million DOGE during the recent market downturn
On-chain analyst Ali posted on X stating: "Based on Santiment data, whales bought 460 million DOGE during the recent market downturn."
A newly created wallet withdrew 400 BTC from Binance two hours ago, worth $41.2 million
According to Lookonchain monitoring, a newly created wallet withdrew 400 BTC (worth $41.2 million) from Binance two hours ago.
According to on-chain analyst Yu Jin's monitoring, a whale/institution that previously used $10 million USDC to purchase 4.251 million VIRTUAL received an airdrop of 101,000 VVV (worth $1.68 million) due to holding VIRTUAL. They have currently sold 50,519 VVV at an average price of $16.7, converting it to $84.3 million USDC, and still hold 50,485 VVV.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
