Top News:

1. Binance listed Ronin (RON) and after adding seed tags, the entire ecosystem assets fell.

2. Bitcoin ETF total assets under management reached $28.723 billion.

3. OX.FUN will distribute airdrops to registered users;

4. Data: Farcaster's total number of users has exceeded 120,000;

5. Nayib Bukele successfully re-elected as the President of El Salvador.

Price Observation

Ronin ecosystem game Pixels Land NFT floor price drops to 1.318 ETH, with a 24-hour decline of 9.1%

According to Blur market data, the floor price of Pixels Land NFT in the Ronin ecosystem has dropped to 1.318 ETH, with a 24-hour decrease of 9.1%.

Ronin ecosystem game Pixels' in-game currency BERRY fell 14% in 24 hours

According to CoinGecko market data, the in-game currency BERRY of the Ronin ecosystem game Pixels is currently priced at 0.0005239 USD, with a 24-hour decline of 14%.

Affected by Binance's announcement of listing, Ronin (RON) briefly dropped to $2.8

According to OKX market data, Ronin (RON) briefly fell to $2.8 due to the announcement of Binance's listing, erasing all gains from the past two days. Prior to this, according to OKX market data, RON had been steadily rising in price over the past two days, with a 12% increase earlier this morning, pushing it past $3.48.

Transaction Tracking

Coinbase protocol responsible person has made over 30 times profit after buying Farcaster ecosystem meme coin TYBG

According to on-chain data, Jesse Pollak, the protocol lead of Coinbase, purchased over 213 million Farcaster ecosystem meme project Base God token TYBG for 0.25 ETH (approximately $577 at the time) and has held it ever since. The current value of this position is approximately $19,486. According to Jesse Pollak's X (formerly Twitter) account, he first interacted with the Base God project on January 25th and has since interacted more than 10 times.

Analysis: It is expected that there will be a transfer of approximately 369 million US dollars in funds to various ETF custody addresses after the opening of the US stock market tonight.

Yu Jin said that according to the fund inflow/outflow situation of BTC spot ETF on February 2nd, it is expected that there will be a transfer of about 8,599 BTC (369 million US dollars) to various ETF custody addresses after the US stock market opens tonight (February 5th):

• The Grayscale (GBTC) custody address will flow out about 3,368 BTC (corresponding to a fund outflow of 144 million US dollars on February 2nd);
• The remaining nine ETF custody addresses will flow in about 5,231 BTC (corresponding to a fund inflow of 224 million US dollars on 2/2), among which BlackRock (IBIT) has the most inflow, reaching 2,465 BTC (105 million US dollars);
• The overall net inflow of the ten ETFs is about 1,863 BTC (80.06 million US dollars), and the funds have been net inflowing for six consecutive days.

Currently, the total holding of BTC spot ETF custody addresses is about 657,110 BTC (28.21 billion US dollars).

0xScope: After Binance announced the listing, a user allegedly immediately sold $1.04 million worth of RON perpetual contract positions on OKX

According to 0xScope's monitoring, after Binance announced the listing, it appears that a user sold a $1.04 million RON perpetual contract position on OKX in a single transaction, causing the price of RON perpetual contracts on OKX to drop 30% within one second.

czsamsunsb.eth deposited about 33,000 ETH into Binance, worth about $75.74 million

According to Spot On Chain monitoring, czsamsunsb.eth deposited 32,930 ETH (worth $75.74 million) into Binance at a price of $2,300 about 40 minutes ago as the price rebounded. It is worth noting that the whale has often transferred ETH to Binance before the price drops. Currently, the whale still holds 12,186 stETH (worth about $28.10 million) in Lido.

MATIC, BLUR, COMP ranked among the top in Smart Money's 24-hour inflow list

According to Nansen 2 data, the Smart Money 24-hour fund inflow tracking list on the Ethereum network is as follows:MATIC: Approximately $420,000, currently priced at $0.7838 USD with a 24-hour increase of 1.41%.

BLUR: Approximately $210,000, currently priced at $0.5837 USD, with a 24-hour increase of 2.19%.

COMP: Approximately $200,000, currently priced at $53.23, with a 24-hour decrease of 0.71%.

A whale increased its holdings of LINK worth $3 million and deposited it into AAVE.

According to Scopescan, a whale increased its holdings of LINK by $3 million and deposited it into AAVE. Two hours ago, the whale with the address "0x3c9e" withdrew 100,000 LINK (approximately $1.8 million) from Binance. In the past two days, this address has withdrawn 170,000 LINK (approximately $3.04 million) from Binance and deposited it all into AAVE.

Project Updates

According to Dune data, the total number of users on the decentralized social protocol Farcaster has exceeded 120,000, with an average of nearly 30,000 casts posted by users every day in the past 30 days.

This January, the monthly transaction volume on the Bitcoin blockchain hit a new high since September 2022.

According to data from The Block, the monthly transaction volume on the Bitcoin blockchain in January 2024 reached a new high since September 2022. The monthly transaction volume of Bitcoin in January 2024 reached 1.21 trillion US dollars after four months of growth, while in 2023, Bitcoin failed to break the 1 trillion US dollar transaction volume in every month except December.

Bitcoin ETF total assets under management reach USD 28.723 billion

According to Coinglass data, the total assets under management of Bitcoin ETFs have reached 28.723 billion US dollars. Among them, the top three Bitcoin ETFs in terms of assets under management are: GBTC with assets under management of 20.536 billion US dollars; IBIT with assets under management of 3.014 billion US dollars; and FBTC with assets under management of 2.586 billion US dollars.

Data: Puffer Finance TVL has exceeded $360 million

According to official website data, LSD protocol Puffer Finance TVL has exceeded 360 million US dollars, currently at 366,429,039 US dollars.

Regulatory News

Former CFO of Terraform Labs has been extradited to South Korea

According to DL News, the Montenegrin police announced today that Han Chang-joon, former CFO of Terraform Labs, has been extradited to South Korea. According to the official statement of the country's police, the decision to extradite Han Chang-joon was made by the country's Ministry of Justice. The Montenegrin police stated that Han Chang-joon has been "handed over" to South Korean authorities so that they can bring criminal charges related to financial investment services, investment, and capital market fraud, which can result in life imprisonment in South Korea. Terraform Labs co-founder Do Kwon and Han Chang-joon's representative lawyer Goran Rodic stated: "After the appeal, we are still waiting for the decision on Do Kwon." In March 2023, Do Kwon and Han Chang-joon were arrested at the Podgorica airport while attempting to flee on a private plane, ending a six-month international manhunt. Terraform Labs filed for bankruptcy under Chapter 11 of the US Bankruptcy Code in January of this year.

South Korean regulatory agency to discuss spot Bitcoin ETF with US SEC

According to a report by Yonhap News Agency, Lee Ju-yeol, the Governor of the Bank of Korea, plans to meet with Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), during his visit to the United States in the second quarter of this year to discuss matters such as spot Bitcoin ETFs.

Nayib Bukele has been re-elected as the President of El Salvador.

According to CoinDesk, the Supreme Electoral Court of El Salvador has announced the preliminary results of the day's election, and the current president Nayib Bukele has successfully been re-elected for another five-year term. He will be inaugurated on June 1st and become the first president in El Salvador's democratic era to be re-elected for a second term. It is reported that Nayib Bukele has been serving as the president since 2019. In 2021, El Salvador became the first country to adopt Bitcoin as a legal tender.

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