Today's top news highlights:

Macro

Kweichow Moutai denies having invested in SpaceX's Series A funding round for its IPO.

According to the Shanghai Securities News, rumors circulated in the market today claiming that "Kweichow Moutai has confirmed its participation in SpaceX's Series A financing round." The Shanghai Securities News contacted Kweichow Moutai for verification. Moutai responded that the news was "false information." As of the closing bell on January 29, Kweichow Moutai's stock price was 1437.72 yuan per share, up 8.61%, with a total market capitalization exceeding 1.8 trillion yuan.

Spot silver surged $3 intraday, nearing $120.

According to Jinshi News, spot silver surged $3 during the day, currently trading at $119.78 per ounce, approaching $20, with a daily increase of 2.57%.

The Hong Kong Hang Seng Gold ETF was listed today, and it includes Ethereum-based tokenized fund units.

Market data shows that Hang Seng's first Hong Kong ETF (03170.HK) supporting the redemption of physical gold at banks made its debut on the Hong Kong Stock Exchange, currently trading at HK$17.41, up approximately 8.81%. As previously reported by AASTOCKS, Hang Seng Investment's newly launched gold ETF, "Hang Seng Gold ETF," holds physical gold, with all gold bars stored in designated vaults in Hong Kong. The ETF also plans to establish tokenized unlisted fund units, with HSBC acting as the tokenization agent. Initially, Ethereum will be used as the primary blockchain, with future expansion potentially to other public blockchains with equivalent security and distributed ledger technology. Fund unit holders can only subscribe to or redeem tokenized fund units through qualified distributors; these tokenized units will not be traded on a secondary market.

Tesla's Bitcoin holdings remained unchanged in the fourth quarter, but it recorded a $239 million impairment loss on digital assets.

According to CoinDesk, Tesla's Q4 earnings report shows that its Bitcoin holdings remained unchanged at 11,509. The company recorded an after-tax impairment loss of approximately $239 million on digital assets due to the Bitcoin price falling from approximately $114,000 to $88,000 in the last three months of last year. The company's Q4 revenue was $24.9 billion, slightly below the expected $25.1 billion; adjusted earnings per share were $0.50, exceeding the expected $0.45. Tesla first disclosed holding 43,200 Bitcoins in February 2021, subsequently selling approximately 75% of its holdings near the bottom of the 2022 bear market. Its Bitcoin holdings have remained relatively stable since then. The current holdings are worth approximately $1 billion (based on the current Bitcoin price of $89,000).

Powell: Nobody expects a rate hike at the next meeting; a rate hike is not anyone's base case.

According to CLS News Agency, Federal Reserve Chairman Jerome Powell stated that the current policy stance is appropriate and conducive to progress toward achieving both objectives. Data since the last meeting shows a significant improvement in growth, placing the Fed in a favorable position to address the risks of its dual mandate. It is difficult to conclude from the latest data that policy is clearly restrictive; the Fed will focus on key target indicators and let the data guide the direction. No comment was made on the dollar. The substantial impact of tariffs has already been transmitted through the US economy, and tariffs may lead to a one-off price increase. Most of the higher-than-expected inflation is due to tariffs rather than demand. Core PCE, excluding the impact of tariffs on goods, is slightly above 2%. The impact of tariffs on goods is expected to peak this year and then decline. The US unemployment rate has shown some signs of stabilization, and the labor market may be stabilizing after a gradual softening, with little change in hiring, job openings, and wage growth. Powell stated that if tariff inflation peaks and then declines, it would indicate that the Fed can ease policy. Tariff inflation is expected to peak in mid-2026. However, any re-emergence of downside risks in the labor market must also be monitored. The policy rate is within a reasonable range of the neutral rate, placing it in a favorable position to determine the magnitude and timing of additional rate adjustments. He reiterated that there is no predetermined path for policy and decisions will be made at each meeting. No one expects a rate hike at the next meeting, and a rate hike is not anyone's base case. He does not believe the Fed will lose its independence. If the Fed loses its independence, its credibility will be difficult to restore. He advised the next Fed chairman to distance himself from American politics.

The Federal Reserve announced that it will keep the benchmark interest rate unchanged.

According to the People's Daily, on January 28th local time, the latest minutes of the Federal Open Market Committee (FOMC) monetary policy meeting showed that the Fed decided to maintain the target range for the federal funds rate at 3.5% to 3.75%. The minutes indicated that current indicators suggest job growth remains low, and the unemployment rate has shown signs of stabilizing. Inflation remains at a high level. The Committee is committed to achieving its goals of maximum employment and a sustained inflation rate of 2%. Uncertainty about the economic outlook remains high. The Committee is closely monitoring the risks to its dual mandate. To support its goals, the Fed decided to maintain the target range for the federal funds rate at 3.5% to 3.75%. Specific voting details show that the Fed voted 10-2 to maintain the benchmark interest rate at 3.5% to 3.75%. Fed Governors Waller and Milan voted against, advocating a 25 basis point rate cut. Prior to this interest rate policy announcement, the market widely expected the Fed to keep interest rates unchanged at this week's policy meeting, after the agency had already cut rates three times in the second half of 2025.

Spot gold retreated quickly after surging to near $5,600, and is currently trading at $5,530 per ounce.

According to Jinshi, spot gold quickly retreated after surging to nearly $5,600, and is currently trading at $5,530 per ounce, with the daily gain narrowing to 2%.

Opinion

Glassnode: Key short-term support levels for Bitcoin are at $83,400 and $80,700.

According to Glassnode's weekly report, Bitcoin prices continue to consolidate near key on-chain cost bases, facing structural pressure. Short-term holder sentiment remains weak, with the cost base (approximately $96,500) acting as a key bull/bear dividing line. Key support levels are at $83,400 and $80,700. A break below these levels could trigger a deeper correction. The 30-day moving average for spot ETF flows has returned to neutral, easing structural selling pressure, but strong inflows have not yet materialized. Spot market buying has improved, with Binance leading the return of buying, while Coinbase demand remains relatively stable. In the derivatives market, perpetual contract funding rates are generally neutral, while the options market...

Yi Lihua: The biggest selling point for short sellers is the 4-year cycle, while our core strategy is not to miss the crypto bull market cycle.

Jack Yi, founder of Liquid Capital, posted on the X platform: "The biggest selling point for short sellers is the 4-year cycle. In fact, 2025 is already a typical bear market, similar to the 312 crash of 2019-2020. A year of sideways trading or even a black swan event completes the shakeout. In 2025, BTC will fluctuate between $100,000 and $20,000, and ETH will fluctuate between $3,000 and $1,500. We successfully bought the dip when ETH fell to around $1,000, seeing through the main players' intention to shake out the OG bulls. When ETH rose to $4,500, we successfully liquidated our positions, seeing the market reaching its peak." Our research team's successful bottom-fishing and top-selling performance in 2025 proves that we won't change our investment strategy due to emotions, nor will we be influenced by a few small-time short sellers. Their accounts and past performance are unconvincing, unless they, like us, have truly mastered the art of liquidating their positions on the blockchain at 4500. Of course, they can earn some traffic and advertising fees during the bottoming-out phase, which is also a way of survival. Our core principle is to not miss the crypto bull market cycle, seize this trend, and win together.

Project Updates

Upbit will list SENT on the Korean Won, BTC, and USDT markets.

According to an official announcement, South Korean cryptocurrency exchange Upbit will list the SENT token on the Korean Won, BTC, and USDT markets.

The Central Bank of the UAE has approved Universal Digital to issue the USDU stablecoin.

According to CoinDesk, the Central Bank of the United Arab Emirates (CBA) has approved USDU, the country's first dollar-backed stablecoin, under its Payment Token Services Regulation. The stablecoin is issued and managed by Universal Digital, a crypto company regulated by the Abu Dhabi Global Markets Financial Services Regulatory Authority (ADF). USDU is pegged 1:1 to US dollar reserves, with the funds held in secured accounts at onshore banks such as the National Bank of the UAE and Mashreq Bank. This marks the first time a dollar-denominated stablecoin has officially operated under the central bank's payment regulatory framework.

Binance Alpha will remove several tokens, including WIZARD and SHOGGOTH.

According to an official announcement from Binance, based on recent reviews, the following tokens do not meet Binance Alpha's standards and will be removed from the recommendation list on January 29, 2026 at 14:00 (UTC+8): WIZARD, SHOGGOTH, G, FWOG, UFD, BRIC, UPTOP, PORT3, XNAP, MORE, BOMB, and BOOST.

CoinList will launch the public sale of its new AC project, Flying Tulip (FT), at midnight on February 3rd.

According to official news, Flying Tulip, a unified on-chain financial system founded by Andre Cronje, founder of Sonic Labs, will launch a token sale on CoinList. This public sale aims to raise $200 million, representing 20% (2 billion) of the total FT token supply. The token price is $0.10, corresponding to a FDV of $1 billion. The public sale will begin at 00:00 Beijing time on February 3rd and end at 05:00 on February 7th, with a minimum purchase amount of $100. Tokens participating in this sale will be protected by a "Perpetual PUT" structure. Participants will receive FT NFTs with redemption rights, allowing them to choose to hold, burn the tokens to redeem funds at the original price, or unlock the tokens for free trading (unlocking will result in the loss of redemption rights).

MegaETH public mainnet will launch on February 9th.

According to CoinDesk, Ethereum Layer 2 network MegaETH announced that its public mainnet will officially launch on February 9th. Positioned as a "real-time" blockchain for Ethereum, the project aims to achieve ultra-low latency and high transaction throughput, primarily targeting trading platforms, games, and other consumer-facing crypto applications.

The Optimism community has passed an OP buyback proposal, under which 50% of Superchain's net revenue will be used for regular buybacks.

According to CoinDesk, the Optimism governance team passed a proposal with 84.4% of the votes in favor to use 50% of the net revenue from the Superchain sequencer to periodically repurchase OP tokens on the open market. This 12-month pilot program, launching in February, aims to directly link the value of OP tokens to the economic performance of Superchain. According to the proposal, the remaining revenue will still be used for ecosystem funding, grants, and operations. The OP tokens obtained from the repurchases will be deposited into the Optimism Collective treasury, and their subsequent use (such as staking, incentives, or burning) will be determined by future governance decisions. The foundation's executive director stated that this is an important step in expanding the role of OP tokens.

Important data

XVS crashes 40%, a whale account has $930,000 liquidated.

According to Ember Monitoring, the price of XVS plummeted by 40% in a single day (from $5.3 to $3.1), leading to the liquidation of a whale's revolving loan position on Venus. This whale had borrowed $1.4 million USDT by pledging XVS two days ago to purchase 532,000 XVS (worth $2.81 million), but today, when the price of XVS fell to $3.23, its position was liquidated, with 287,000 XVS (worth $930,000) liquidated, resulting in a loss of $1.09 million. Currently, the whale's position health rate is only 1.07; if the price of XVS falls further below $3.2, its position will face even greater liquidation risk.

On the Solana blockchain, Meme Coin (BP) briefly surpassed $14.9 million, a 608% increase in 24 hours.

According to GMGN monitoring, the market capitalization of the Solana on-chain meme coin BP surged briefly, reaching a high of $14.9 million, and is currently trading at $13.6 million, at a price of approximately $0.0132, representing a 24-hour increase of 608%. This market surge originated from a photo posted by an account named "Barking Puppy," which is believed to be operated by Kevin Gill, the brother of Keith Gill (X: Roaring Kitty). The account recently updated its Instagram bio with a Roaring Kitty-style image—a person in a suit holding a comical dog mask. Keith Gill is known for the 2021 GameStop short squeeze and reignited the meme stock and Solana on-chain meme coin frenzy in 2024 with a cryptic post.

$9.5 billion worth of Bitcoin and Ethereum options are about to expire, with the maximum pain point for BTC at $90,000.

According to Deribit's official announcement, over $9.5 billion worth of cryptocurrency options will expire at 16:00 Beijing time on January 30th. Of this, Bitcoin options have a notional value of $8.27 billion, a put/call ratio of 0.54, and a maximum stop-loss price of $90,000; Ethereum options have a notional value of $1.27 billion, a put/call ratio of 0.74, and a maximum stop-loss price of $3,100. Currently, the price of Bitcoin is consolidating around $90,000, with increased demand for downside protection indicating cautious trading sentiment, but overall positioning remains bullish. Previous reports from Deribit stated that cryptocurrency options trading activity has kept the price of Bitcoin suppressed around $90,000.

A certain whale withdrew 2,000 BTC from OKX in the past two days, worth approximately $176 million.

According to Lookonchain monitoring, the whale address bc1qwu withdrew 2,000 BTC (worth $175.8 million) from OKX in the past two days.

A major whale received another 445,000 HYPE tokens from Galaxy Digital OTC, which it may use for staking.

According to Onchain Lens monitoring, the whale "0xd4d" has received another 445,000 HYPE tokens (worth $14.87 million) from Galaxy Digital OTC, which will likely be used for staking. In total, this whale has received 910,000 HYPE tokens (worth $25.43 million) from Galaxy Digital OTC, of which 465,000 HYPE tokens (worth $15.73 million) have already been sent for staking.

Investment and Financing/Acquisition

Nvidia, Microsoft, and Amazon are in talks to invest approximately $60 billion in OpenAI.

According to a report by The Information cited by Jinshi, Nvidia (NVDA.O), Amazon, and Microsoft are in talks to invest up to $60 billion in OpenAI. Microsoft plans to invest less than $10 billion, Amazon plans to invest more than $10 billion, and Nvidia plans to invest up to $30 billion. Prior to this round of funding, OpenAI's valuation could reach $730 billion.

Tesla invests $2 billion in Musk's xAI

According to Global Market News, Tesla announced on Wednesday that it will invest $2 billion in xAI, CEO Elon Musk's artificial intelligence company, and stated that its Cybercab robottaxi production plans will proceed as scheduled this year. This news supports Musk's plan to transform Tesla from an electric vehicle manufacturer into an artificial intelligence company, a key factor in the company's estimated valuation of approximately $1.5 trillion. Tesla CFO Vaibhav Taneja stated that Tesla is also accelerating the production of humanoid robots as part of a series of factory investments, with capital expenditures exceeding $20 billion this year. This figure is more than double the $8.5 billion projected for 2025.

Sony Innovation Fund invests $13 million in Startale, a co-developer of Soneium, launching its Series A funding round.

According to The Block, Sony's Innovation Fund has invested an additional $13 million in Startale Group, a co-developer of the Soneium blockchain, as the first tranche of its Series A funding round. Previously, Startale received $3.5 million in seed funding from Sony in 2023 and a $3.5 million seed extension round from Dahua Venture Capital Management and Samsung Next in 2024, bringing its total publicly disclosed funding to $20 million. Headquartered in Singapore, Startale has co-developed the Ethereum Layer 2 network Soneium and the Startale App, its ecosystem portal application, with Sony's Blockchain Solutions Lab. Soneium, built on the OP Stack, focuses on entertainment industry applications and general scenarios. Since its mainnet launch in January 2025, it has processed over 500 million transactions, boasts 5.4 million active wallets, and supports over 250 active decentralized applications.

Doppler, a token creation platform, has raised $9 million in seed funding, led by Pantera Capital.

According to The Block, Doppler, a token creation and issuance protocol platform, has completed a $9 million seed funding round. The round was led by Pantera Capital, with participation from Variant, Figment Capital, and Coinbase Ventures. The team revealed that the funding will be completed in the second quarter of 2025 through a simple future equity protocol with token rights. Doppler is one of two products under Whetstone Research, the other being Pure Markets. Doppler streamlines the processes of token deployment, liquidity launch, and governance through integrated interfaces, and employs a price discovery auction mechanism designed to limit sniping and generate protocol-owned liquidity on the first day. The Doppler platform creates over 40,000 assets daily, with a cumulative value exceeding $1.5 billion and a cumulative trading volume exceeding $1 billion.

Institutional holdings

OSL Group Announces $200 Million Equity Financing

OSL Group (863.HK), a leading stablecoin trading and payment platform in Asia, today announced a US$200 million (approximately HK$1.56 billion) equity financing round to further strengthen its capital base, capture global growth opportunities, and deepen its strategic layout in stablecoin trading and payments. According to the plan, the funds raised will be used for strategic acquisitions, expanding its global payment and stablecoin business, product and technology infrastructure development, and daily operations. OSL Group CFO Ivan Wong stated, “OSL Group’s strategic layout in the stablecoin trading and payments sector has received full market recognition and widespread support. This financing will allow the company to introduce more like-minded strategic and long-term investors, enabling it to timely acquire high-quality licensed trading and payment companies globally, expand its shareholder base and capital size, and lay a solid first-mover advantage for the company's compliance-based globalization strategy.”

Metaplanet plans to raise $135 million through a third-party placement.

According to an official announcement, Metaplanet's board of directors has resolved to issue common stock and 25th tranche of share options through a third-party placement, planning to raise approximately $135 million. Metaplanet stated that the proceeds will primarily be used to increase its Bitcoin holdings and invest in Bitcoin yield-generating businesses, while also repaying part of its credit line. The company held 35,102 Bitcoins as of the end of 2025.

Swiss bank Sygnum has raised over 750 bitcoins for its market-neutral fund.

According to Cointelegraph, Swiss crypto bank Sygnum announced that its market-neutral Bitcoin fund, the "Starboard Sygnum BTC Alpha Fund," has completed its seed funding phase, attracting over 750 Bitcoins in four months since its launch in October 2025. The fund achieved an annualized return of 8.9% in the fourth quarter and aims to generate returns without relying on Bitcoin price increases through strategies such as arbitrage on centralized exchanges and leveraged spread trading.

Bitmine has pledged approximately 147,000 ETH again, bringing its total pledged value to $7.45 billion.

According to Onchain Lens monitoring, Bitmine has staked an additional 147,072 ETH, worth $440.5 million. To date, they have staked a total of 2,516,896 ETH, with a total value of $7.45 billion.

Web3 video AI model Everlyn reveals it has raised $15 million in funding to date

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