Odaily Planet Daily reported that within less than 24 hours from January 29th to 30th, Tokyo, Japan, and Hong Kong, both known for their good public safety, experienced a series of robberies targeting large sums of Japanese yen in cash. The amounts stolen were 420 million yen (approximately 19 million yuan) and 51 million yen (approximately 2.29 million yuan) respectively. About six hours after the incidents, police arrested three suspects at Hong Kong International Airport who were attempting to leave the country on charges of robbery. Simultaneously, two employees were arrested at a cryptocurrency exchange shop in Tsim Sha Tsui: a 28-year-old local man and a 29-year-old man from mainland China. They are suspected of assisting the robbers in handling some of the stolen money. Preliminary intelligence analysis suggests that the Japanese companies involved may have been carrying Japanese yen to Hong Kong to exchange for Hong Kong dollars, then using the proceeds to purchase duty-free goods in Hong Kong to profit from the tax difference between the two locations. (Caixin.com)

According to Arkham's monitoring, prior to the cryptocurrency market downturn, Bhutan's sovereign wealth fund transferred approximately 100.818 BTC, worth about $8.31 million, to QCP Capital two days ago.

According to Odaily Planet Daily, Nick TImiraos, known as the "Federal Reserve mouthpiece," posted on the X platform that US President Trump, during a speech at an event the day after announcing Kevin Warsh as the Federal Reserve Chairman, joked that he would sue Warsh if he did not lower interest rates.

According to Odaily Planet Daily, Tom Lee, Chairman of the Board of Bitmine, an Ethereum treasury company, stated during a podcast appearance this Friday that the current bear market was triggered by the largest deleveraging event in crypto history last October, with an impact even greater than the FTX crash. This was due to a pricing loophole on a trading platform that triggered a chain of automated liquidations, resulting in the liquidation of over 2 million accounts globally, the destruction of one-third of market makers, and severe damage to trading platform balance sheets, causing the entire ecosystem to "limp." He believes the selling pressure has not completely ended, and recovery will take 8-12 weeks, similar to 2022, but there are currently no clear signs of a rebound. Previously, OKX CEO Star posted on the X platform that hundreds of billions of dollars in cryptocurrency were liquidated on October 11th, and OKX observed a fundamental change in the microstructure of the cryptocurrency market from that date. Industry insiders believe the losses from this event are more severe than the FTX collapse. The root cause of the event was Binance's limited-time promotion offering USDe a 12% annualized yield and allowing it to be used as collateral without practical restrictions. USDe is essentially a tokenized hedge fund product, structurally different from low-risk money market funds like BlackRock BUIDL. Binance encouraged users to exchange USDT and USDC for USDe to earn returns, but failed to adequately emphasize the risks. Users borrowed USDT as collateral through revolving lending and borrowing, artificially creating annualized premiums of 24% to 70% or more, leading to a rapid accumulation of systemic risk. When market volatility triggered USDe's de-pegging, the chain of liquidations exacerbated the collapse of assets like WETH and BNSOL. Star pointed out that industry trust cannot be built on short-term profit speculation or marketing that masks risks, and Binance, as an industry leader, should bear corresponding responsibility.

According to Odaily Planet Daily, crypto analyst PlanB stated in an article on the X platform that Bitcoin's price closed at $78,635 in January, a drop of approximately 38% from its all-time high. Currently, Bitcoin's 200-week moving average is around $58,000, while the realized price is around $55,000 and trending downwards. Simultaneously, the RSI has fallen below 50, entering the "bear market zone" defined by its model. Historically, Bitcoin may fall back to the 200-week moving average or near the realized price during a bear market. However, he also pointed out that the momentum of this bull market is relatively weak, and no strong topping signals have emerged; therefore, the subsequent bear market retracement may be relatively limited.