LiquiditySurfer

Hong Kong's licensed digital asset trading platform HashKey Exchange was named "Digital Asset Exchange of the Year" by the international financial media The Asset, making it the only Hong Kong institution to receive this honor worldwide. This highlights its market leadership and compliant innovation. Moving forward, it will continue to enhance user experience and support healthy industry development.

Daegu District Court in South Korea sentenced a 41-year-old illegal exchange operator to five years in prison for assisting a scam group in laundering $1 million USDT. The case involved covert methods, with scammers disguising their identities to quickly transfer funds and exchange stablecoins to evade freezing measures. The judge emphasized that the defendant did not take compensation measures, prompting legislators to focus on stablecoin regulation.

【Crypto World】The recent market trend is quite interesting. In the trading on January 20th, US stock index futures continued to weaken, with the Nasdaq 100 index futures falling by 2%. This decline reflects market concerns about the future direction of US stocks and has also somewhat affected the performance of digital assets. Many traders are closely watching this signal, as the correlation between traditional finance and digital assets is becoming increasingly evident.

Recently, on-chain data has changed significantly, with sellers regaining control of the derivatives market, and the market entering a risk-avoidance mode. Active trading flows are tilted towards sellers, with a stark contrast between bullish and bearish forces, and the proportion of shorts is increasing. Bitcoin's Coinbase premium index is negative, reflecting the disappearance of buyer pressure in the US market, making it difficult to form an effective recovery. It is necessary to wait for the premium index to rise again to confirm market improvement signals.

U.S. Treasury Secretary Janet Yellen said at Davos that the European Union has been slow and inefficient in responding to Trump's trade policies. She believes the EU is unlikely to effectively deploy anti-coercion tools, possibly first forming a working group to discuss rather than acting swiftly. Additionally, she revealed that the Federal Reserve Chair candidate will be announced next week.

Recently, Ethereum has experienced an abnormal surge in transactions. Security researchers reveal that this is due to large-scale address poisoning attacks. Attackers forge wallet addresses, causing users to make incorrect transfers. Already, 116,000 users have been affected, with losses exceeding $740,000. Users should carefully verify addresses to avoid being scammed.

【Crypto World】New York COMEX gold futures hit a record high, breaking through the $4700/ounce mark, with an intraday increase of 2.28%. As of now, the spot gold price is around $4692.9/ounce. The strong performance of precious metals continues to attract investor attention.

Recently, Midnight (NIGHT), Tezos (XTZ), and Quant (QNT) have performed well in the crypto market, with gains exceeding the overall market. However, they are encountering resistance near key moving averages. Whether they can break through will influence their subsequent trends, and investors should remain patient.

A Bitcoin wallet that has been dormant for 12 years has recently become active, transferring 909.38 BTC, worth approximately $84.62 million. The wallet accumulated these coins when Bitcoin prices were low and has now appreciated by over a thousand times. This movement has attracted market attention and may reflect the holder's outlook on the future market.

An investor bought 1.54 million tokens twice when the market capitalization of Meme Coin「1」recovered, spending approximately $137,000. The address then successfully cashed out about $97,000, with a return of 71%. However, the Meme Coin market is highly volatile, and investment should be cautious, as risks and rewards coexist.

The New York Stock Exchange announces the development of a new tokenized trading platform, marking traditional financial institutions' embrace of blockchain. The new platform will operate 24/7 with instant settlement, improve trading efficiency, and support USD and stablecoin transactions, receiving positive industry feedback.

The article discusses the role of XRP, emphasizing that it should not be viewed as a speculative asset but rather as an important financial infrastructure for global asset settlement. Institutional investors are focused on XRP's practical application potential in bulk asset transactions and expect it to become the standard for cross-border settlements.

【Crypto World】The political developments in the United States are once again attracting attention. According to the latest news, Federal Reserve Chairman Powell will attend a relevant hearing at the Supreme Court to discuss the case of Federal Reserve Board member Cook. Such policy-level changes have a profound impact on the macro environment of the crypto market. Every statement from Powell can influence the dollar's trend and risk asset sentiment, thereby affecting the entire crypto ecosystem. Keeping an eye on the Federal Reserve's movements is essentially tracking the broader context that influences the crypto space.

In the past week, the total market capitalization of stablecoins increased by $3.82 billion, with Solana and Base attracting funds. DEX spot trading activity has risen, but perpetual contract trading volume has slightly declined. Institutions have increased their holdings of Bitcoin and Ethereum, with high activity from large investors, and market liquidity remains ample.

American fast-food chain Steak'n Shake announces a $10 million investment in Bitcoin, positioning it as a long-term store of value rather than just a payment method. This strategic move reflects Bitcoin's gradual shift from marginalization to mainstream acceptance, with more and more companies recognizing its value as a reserve asset.

YZi Labs announces the upgrade of its EASY Residency Startup Acceleration Program to a year-round rolling admission, with startup centers established in New York and San Francisco. Each project can receive up to $500,000 in support, focusing on Web3, AI, and biotech sectors. The plan includes hosting a global Demo Day, with the first event scheduled for April in Dubai.

In mid-January, open interest in Bitcoin options contracts first reached approximately $74.1 billion, surpassing the $65.22 billion in futures. This change reflects a shift in market strategies from directional trading to more complex hedging and arbitrage strategies, indicating an increase in institutional traders and a gradual decline in retail pure gambling approaches. At the same time, fluctuations in options contract volume are related to expiration and settlement cycles, further confirming that the proactive nature of the options market is strengthening.

【Crypto World】Solana's recent popularity has skyrocketed, with on-chain active addresses surging by 56% to 27.1 million, and weekly transaction volume surpassing 515 million. The price has also rebounded, stabilizing above the key support level of $135.5. From a technical perspective, the MACD indicator has shown a bullish crossover signal, prompting many traders to prepare for increased positions, and derivatives data also reflects a generally optimistic outlook. Interestingly, a large number of stop-loss orders for shorts are densely distributed above the current price—if SOL can hold the newly gained support, these triggered liquidations could trigger a chain reaction, further driving up the price.

Bitcoin experienced a significant pullback yesterday, dropping below $92,000 at one point, leading to frequent futures liquidations. However, the open interest in contracts increased again to 663,900 BTC, indicating that market participants remain optimistic about the future and hinting at expectations of a rebound.

Cryptocurrency security analysis agency uncovers a major theft case where users lost over $282 million worth of BTC and LTC due to social engineering attacks on hardware wallets. The attacker used THORChain to disperse and transfer assets and laundered money through mixing services, reminding people that hardware wallets are not completely secure.