Selected News:

1. CME data shows that the probability of a Fed rate cut in March is 39%;

2. Wormhole has now integrated with Dymension;

3. The approval of Bitcoin ETF related options products in the US spot market may take several months.

4. Nobody NFT has received over 1850 ETH in payments, exceeding 100% of the total amount due.

5. Binance's new CEO: The platform has successfully frozen XRP worth $4.2 million in the stolen funds of Ripple co-founder.

Price Observation

ZETA short-term breakthrough of $1.9 and then fell back, rising more than 33% in the past 4 hours

According to OKX market data, ZETA briefly broke through $1.9 and has now fallen back to a price of $1.6499, with a rise of over 33% in the past 4 hours.

Bitcoin rebounds above $43,000

According to OKX market data, Bitcoin has rebounded above $43,000 and is currently priced at $43,019, with a 24-hour decline narrowing to 1.14%.

NUTS 24-hour surge over 33%, short-term breakthrough $0.52

Tiny SPL token NUTS broke through $0.52 in a short period of time and is now priced at $0.5069, with a 24-hour increase of 33.65%.

PYTH rose to $0.5, with a 24-hour increase of 23.87%.

According to OKX market data, PYTH has risen to 0.5 USD and is currently trading at 0.4892 USD, with a 24-hour increase of 23.87%.

Transaction Tracking

Grayscale transferred approximately 2,913 BTC, equivalent to approximately $123 million, to Coinbase Prime

According to Arkham data, Grayscale transferred 2913.82 BTC (approximately $123 million) to the Coinbase Prime Deposit address 13 minutes ago and transferred 1777.67 BTC to a new address, which is suspected to be Grayscale's new custody address.

0x488 sold 200 WBTC recently to repay debts and increased holdings of 444 ETH in leveraged protocols

In the past six hours, the 0x488 whale withdrew 200 WBTC collateral from the Spark Protocol, sold them all for DAI on-chain, and repaid the loan, worth $8.4 million.

Three hours ago, the whale bought 444 ETH at an average price of 2,266 and then deposited them into the leveraged protocol f(x) Protocol. The whale's on-chain assets are as high as $29.26 million.

某空投猎手或从 JUP 空投中获利 117 万美元 Translation:

A certain airdrop hunter or profited $1.17 million from the JUP airdropAccording to Lookonchain's monitoring, a suspected airdrop hunter earned $1.17 million from the JUP airdrop. The "7poJrJ" address received 1.85 million JUP tokens (equivalent to $1.17 million) through approximately 9,246 wallets.

Then the address was sold on DEX for 1.4 million JUP at a price of $0.6371 per JUP (approximately $898,000), and 12,100 JUP (approximately $77,000) were deposited into Bybit and MEXC. There are still 319,000 JUP (approximately $196,000) remaining in the wallet address.

Project Updates

Phantom: Service has resumed normal operation

The encrypted wallet Phantom stated on social media that all services should be restored to normal and running smoothly again.

Previously, Phantom stated that the platform was experiencing a DDoS attack, attempting to overload its system, and some services may be temporarily interrupted. User assets are safe.

OPNX will be closed in February, and users need to withdraw their funds before February 14th.

According to The Block, Open Exchange (OPNX), a cryptocurrency derivatives and claims trading platform, will be shutting down this month.

Viewpoint Data

Former Ripple CTO: Ripple Co-founder Chris Larsen did not use multi-signature or custody services

Former Ripple CTO Nik Bougalis wrote in a post that Ripple was disclosed to have been hacked yesterday, and its co-founder Chris Larsen did not use multi-signature or custody services. Key management and security are a huge challenge, and existing tools are not always up to the task.

Ondo COO: "Income-type" stablecoins' potential market size may be greater than the current demand for the entire stablecoin market

According to The Block, Justin Schmidt, the Chief Operating Officer of Ondo, predicts that the potential market size of "yield-generating" stablecoins may be greater than the current demand for the entire stablecoin market.

If users hold stablecoins such as USDC or USDT, they cannot earn profits, while others can earn profits through "yield-bearing" stablecoins, which have higher capital efficiency.

BitMEX Research: GBTC 15th trading day outflow of $182 million

BitMEX Research announced on social media that on the 15th trading day of the Bitcoin spot ETF, there was a net outflow of $182 million.

CME data shows a 39% probability of a Fed rate cut in March

According to CME FedWatch, the probability of the Fed maintaining interest rates in the range of 5.25%-5.50% in March is 61%, while the probability of a 25 basis point rate cut is 39%. The probability of maintaining interest rates in May is 27.7%, with a cumulative probability of a 25 basis point rate cut at 51% and a cumulative probability of a 50 basis point rate cut at 21.3%.

BlockFi: Has Returned Over $500 Million Worth of Cryptocurrency to Users and Will Begin Next Round of Fund Returns

The cryptocurrency lending company BlockFi posted on social media that on January 22, 2024, it completed the process of returning cryptocurrency from its wallet product, fully returning the assets of nearly 130,000 requested customers in physical form, with a total value of over $500 million. Today, BlockFi announced the start of the next round of fund returns.

BitMEX Research: Total outflow of 5.832 billion US dollars in the first 15 trading days of GBTC

BitMEX Research has released Bitcoin spot ETF trading data on social media platforms. GBTC saw a total outflow of 140,195 Bitcoins, equivalent to $5.832 billion, in the first 15 trading days. On the 15th trading day, $182 million flowed out.

Data: JUP airdrop application progress has exceeded 65%, with over 500,000 application addresses

According to the latest data from Dune, currently 65.5% of JUP airdrop tokens have been claimed, with a total of 655,205,300 JUP distributed to 500,648 addresses.

Yesterday, Grayscale's spot Bitcoin ETF reduced its holdings by 5086 BTC, while 8 ETFs increased their holdings by 8907 BTC.

According to Lookonchain's monitoring, on February 1st, Grayscale's Bitcoin ETF reduced its holdings by 5086 BTC, equivalent to approximately 218 million US dollars.

In addition, the holdings of 8 spot Bitcoin ETFs have increased by 8,907 BTC, equivalent to approximately $382 million. Among them, Fidelity has the largest increase in holdings, reaching 5,422 BTC, equivalent to approximately $232.6 million.

Bitcoin miners' income in January decreased by 13.6% month-on-month to $1.35 billion.

The Block Pro data shows that in January, BTC miner revenue decreased by 13.6% compared to the previous month, reaching $1.35 billion; while ETH staker revenue increased by 1.4%, reaching $187 million.

In January, the daily trading volume of Grayscale's GBTC increased by 302.7% compared to the previous month, reaching 784 million US dollars.

In January, a total of 75,037 ETH were burned, equivalent to approximately $180 million. Since the implementation of EIP-1559 in early August 2021, a total of 3.97 million ETH have been burned, equivalent to $10.98 billion. The Ethereum NFT platform transaction volume increased by 6.2% in January, reaching $828.8 million.

Polygon Labs has laid off 60 employees, accounting for 19% of its workforce.

Polygon Labs CEO Marc Boiron announced in the community that 60 employees, accounting for 19% of the team, have been laid off. Polygon Labs will provide two months of severance pay and health benefits for the dismissed employees (ending at the end of February).

Meanwhile, Polygon Labs will increase the total salary of its employees by at least 15%, effective from January 1, 2024, and new employees will also receive a 5% salary increase.

Nobody NFT total payment has exceeded 100%, receiving over 1850 ETH

Nobody NFT, co-released by Nobody and Stephen Chow, has exceeded 100% of its fundraising goal and received over 1850 ETH.

After exceeding 100%, the payment is still open. After the payment, non-whitelist holders need to participate in the lottery, while whitelist holders can guarantee obtaining the Nobody NFT.

Financing Express

The indictment did not mention FTX, but two sources familiar with the case confirmed that "Victim Company-1" in the court documents is actually FTX.

Genesis reaches settlement with SEC and pays $21 million fine

According to The Block, Genesis has agreed to settle a lawsuit filed by the US SEC a year ago regarding a lending program.

According to a document from the US Bankruptcy Court for the Southern District of New York, Genesis, a subsidiary of Digital Currency Group, has agreed to pay $21 million to the SEC to settle the lawsuit.

Bloomberg analyst: Valkyrie Bitcoin spot ETF will be jointly custodied by BitGo and Coinbase

Bloomberg ETF analyst James Seyffart said that Valkyrie has confirmed BitGo as its Bitcoin spot ETF custodian, and its holdings of Bitcoin will now be co-custodied by BitGo and Coinbase. Valkyrie becomes the first Bitcoin spot ETF to mitigate custody risk through decentralization.

Bloomberg analyst: US SEC delays decision on Pando spot Bitcoin ETF's 19b-4 filing

Bloomberg ETF analyst James Seyffart said that according to publicly released documents, the US SEC has delayed making a decision on Pando's spot Bitcoin ETF 19b-4 filing.

It may take months for Bitcoin ETF related options products in the US spot market to be approved.

According to Reuters, several industry insiders have stated that it may take several months for the options product of the US Bitcoin ETF to obtain regulatory approval, which could weaken the attractiveness of its underlying product.

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