GateNewsBot

Renowned trader Peter Brandt analyzes the ETH chart pattern, showing a symmetrical triangle formation, and the total cryptocurrency market cap is expanding in a right-angled manner, indicating that the bulls need to break through to dominate the market, while similar patterns in history often signal volatility or decline. He predicts that Bitcoin will bottom out and rebound from August to October and rise.

BlockBeats News, January 30th, U.S. President Trump stated that any candidate for Federal Reserve Chair would perform excellently. Hasset has done an outstanding job, and I just don't want Hasset to leave this position. (Jin10)

BlockBeats News, January 30th, U.S. Democratic Senator Warren stated that no Republican should agree to advance Wash's nomination until President Trump halts the Federal Reserve investigation. (Jin10)

ChainCatcher消息，据金十报道，Investec首席经济学家Philip Shaw表示，隔夜市场传出沃什将接任的强烈传闻，相关交易基本在昨晚完成。接下来将评估沃什在利率、资产负债表等关键议题上的立场。他指出，美国财政状况走在不可持续的道路上，沃什的任命并不意味着特朗普不会干预美联储或其他政府运作领域。尽管今日消息公布后美元走弱风险有所降低，但风险依然存在。

ChainCatcher News reports that Danske Bank analyst Kirstine Kundby-Nielsen stated that Wash's nomination is positive for the US dollar, as he is an experienced Federal Reserve official. If the final choice is a more politically inclined or clearly dovish Federal Reserve chair, market nerves could intensify, but Wash's nomination to some extent alleviates these concerns and reduces some risks.

Meme Go under Gate DEX officially launches the "Weekly Trading Check-in" incentive activity. Users who reach a total trading volume of 200 USDT can receive cash rewards, and inviting new users to trade also earns incentives. Gate DEX is a multi-chain crypto platform that offers a professional DEX experience.

According to CME FedWatch, as of January 30, the probability of the Federal Reserve cutting interest rates in the coming months has changed: the probability of a 25 basis point rate cut by March is 15.3%, by April is 29.7%, and the probability of a 25 basis point cut by June has increased to 48.3%.

ChainCatcher message, according to Arkham data, at 20:13, 20,000 SOL (worth approximately $2.33 million) was transferred from Fireblocks Custody to an anonymous address (starting with 54gykQcG...).

ChainCatcher news reports that U.S. stock index futures slightly recovered from their decline, with S&P 500 futures down 0.3%, S&P 500 index futures down 0.37%, and Nasdaq futures down 0.49%.

ChainCatcher news reports that traders continue to price in the expectation of the Federal Reserve cutting interest rates twice this year.

ChainCatcher News reports that the US Dollar Index (DXY) dropped by 10 points in the short term, with the intraday gain narrowing to 0.28%.

Odaily Planet Daily News: Trump nominates Kevin Wash as Chair of the Federal Reserve System Board of Governors.

The Hong Kong Financial Services and the Treasury Bureau plans to establish a regulatory framework for virtual asset trading and custody services, with a draft bill expected to be submitted to the Legislative Council. Hong Kong has also set expansion targets for gold storage and will conduct a trial operation of the gold clearing system. Additionally, there are plans to implement the OECD crypto-asset reporting framework to enhance tax transparency.

Bitcoin miners are migrating due to rising electricity costs and declining hash rates, with mining costs reaching $74,300. Despite the current Bitcoin price at $82,500, the market may still retrace to the cost range. The hash rate has dropped to 2025 levels, possibly due to miners shifting to AI businesses and adverse weather conditions. The fair price of Bitcoin is approximately $120,950.

Laser Digital Holdings, a subsidiary of Nomura Holdings, is reducing its crypto asset risk exposure due to losses caused by market volatility. Nevertheless, Nomura still plans to expand its digital asset-related business in the medium to long term.

Odaily Planet Daily News reports that the Governor of the Czech National Bank stated that Bitcoin should be understood and not opposed to the future. He also mentioned that more countries are expected to adopt BTC. (The Bitcoin Historian)

According to DefiLlama data, trading volumes across platforms increased on January 30th, with Hyperliquid leading at $14.53 billion in trading volume, reaching a new high. Open interest has slightly declined. Other platforms also had considerable trading volumes.

Gate founder Dr. Han pointed out on the X platform that gold performs well in times of uncertainty and continues to gain market favor. In contrast, Bitcoin is not a safe-haven asset; its value mainly derives from expectations of future growth. Gate is accelerating its expansion into traditional financial sectors and diversifying trading categories.

Renowned trader Peter Brandt warns about the silver market, pointing out recent abnormal trading volume, which may reflect hedging by miners rather than genuine demand, leading to oversupply. Following his warning, silver experienced a historic decline, with a daily drop of 14.16%.

Odaily Planet Daily reports that spot silver has halted its decline and rebounded, regaining the $100 level, rebounding more than $5 from the intraday low. (Jin10)