Odaily News According to on-chain analyst Ai Yi's post on the X platform, Trend Research has cumulatively withdrawn 109 million USDT from Binance over the past 9 hours, including 80 million USDT deposited into Binance on January 28. The funds have now been deposited into Aave to reduce liquidation risk. Trend Research's holdings of 661,272.65 ETH are currently showing an unrealized loss of $192 million, with an average cost basis of approximately $3,104.36.
Odaily News On Thursday, Bitcoin's price plummeted to its lowest point since last November, triggering a significant sell-off in the cryptocurrency market. This decline was initially sparked by sharp drops in gold and stocks during the early US trading session. However, despite substantial rebounds in those markets from their lows, cryptocurrencies failed to stage a similar recovery, highlighting the sector's relative weakness.
Matt Mena, a cryptocurrency research strategist at 21Shares, emphasized that it is crucial for Bitcoin to hold the $84,000 support level. He pointed out that if this support fails to hold, the next target would be the $80,000 level where market buyers entered last November. A break below that level could see Bitcoin fall to the $75,000 low touched during the April 2025 tariff turmoil.
John Glover, Chief Investment Officer at Bitcoin lending platform Ledn, views today's selling pressure as part of Bitcoin's broader correction since hitting its all-time high in October. This downward move could ultimately push Bitcoin's price down to $71,000, representing a 43% drop from the $126,000 peak seen in early October.
Russell Thompson, Chief Investment Officer at Hilbert Group, added, "All technical support levels have been breached. I believe Bitcoin currently lacks support, and its price could potentially fall to $70,000."
Odaily News According to sources familiar with the matter who spoke to The Wall Street Journal, OpenAI has held informal discussions with several Wall Street banks and hired key financial experts, including Chief Accounting Officer Ajmere Dale, in preparation for a potential public listing in the fourth quarter of 2026. The company is concerned that Anthropic, founded by former OpenAI employees and making continuous progress with its Claude model, might go public first after raising over $10 billion in funding. Both companies face challenges such as AI infrastructure development and lawsuits. CEO Sam Altman has expressed mixed feelings: he feels no excitement about becoming the CEO of a public company, but acknowledges that going public could bring certain benefits to OpenAI itself.
Odaily News According to data from prediction market Polymarket, the probability of former Federal Reserve Governor Kevin Warsh being nominated by Trump as the new Fed Chair has surged to 79%.
Odaily News The U.S. Senate Agriculture Committee has officially advanced the legislative process for the cryptocurrency market structure bill with a 12:11 partisan vote. This marks the first time the bill has made progress at the Senate committee level, signaling its entry into a new phase. However, as the vote was strictly along party lines and lacked Democratic support, the bill still faces significant hurdles for future passage in the full Senate. Committee Chairman, Republican John Boozman, stated that significant progress had been made after months of negotiations and it was time to move the process forward. But Democratic core negotiator Corey Booker criticized Republicans for withdrawing from negotiations and accused President Trump and his family of profiting from the crypto industry while attempting to push a regulatory framework lacking ethical constraints. Democrats on the committee unanimously opposed the current version but expressed willingness to continue negotiations to reach a bipartisan consensus.
The bill must still undergo review by the Senate Banking Committee, whose version has progressed slowly due to more contentious provisions involving stablecoin yields. The White House plans to convene another meeting next week to coordinate positions among the crypto industry, banking sector, both parties, and the administration. If the bill ultimately passes the Senate, it will be reconciled with the version that passed the House with a high vote count before being submitted to the President for signing into law. Analysis points out that as the midterm elections approach, the legislative window is narrowing. (Coindesk)
Odaily News El Salvador's central bank has purchased $50 million worth of gold, while the government continues to increase its BTC holdings. The government's total gold holdings have now reached 67,403 ounces, valued at approximately $360 million at current prices; its Bitcoin holdings amount to 7,547 BTC, valued at $635 million. (Coindesk)
Odaily News U.S. President Trump has sued the Internal Revenue Service (IRS) and the Treasury Department, claiming $100 billion in damages, citing the leak of tax returns. (Jin10)
Odaily News Spot gold and silver rose after overnight declines. Spot gold climbed to $5,450 per ounce, up approximately 1.5%; spot silver rose above $118 per ounce, gaining over 2%. (Jin10)
Odaily News According to US President Trump, the nominee for Federal Reserve Chair will be announced tonight Beijing Time (tomorrow morning US time). (Jin10)
Odaily News According to the White House: President Trump signed an executive order declaring a national emergency and establishing a procedure to impose tariffs on goods from countries that sell or otherwise provide oil to Cuba. (Jin10)
Odaily News Spot gold and silver opened higher on Friday, currently trading at $5400/oz and $116.3/oz respectively. (Jin10)
Odaily News According to Onchain Lens monitoring, Bitmine has further staked 314,496 ETH, valued at $887 million. Currently, it has cumulatively staked 2,831,392 ETH, with a total value reaching $7.98 billion.
Odaily News According to five informed sources, U.S. President Trump and Senate Democrats reached an agreement on Thursday to avert a prolonged shutdown of most federal government departments. This move aims to ease the intense battle surrounding the Department of Homeland Security and Immigration and Customs Enforcement (ICE). The funding fight escalated after two U.S. citizens were shot and killed by law enforcement officers in Minneapolis. Although funding for several agencies will be temporarily interrupted starting at 00:01 local time on Saturday, the impact is expected to be minimal as most federal employees do not work on weekends. The Senate could vote on the funding agreement as early as Thursday night. The House of Representatives will return to Washington on Monday, at which point it will need to pass the bill and send it to President Trump for his signature. (NBC News)
Odaily News Trump stated on social media that, given Canada's erroneous, illegal, and persistent refusal to certify Gulfstream jets, the certification for Bombardier Global Express aircraft and all Canadian-made aircraft is hereby revoked until Gulfstream receives full certification, which should have been completed years ago. Furthermore, Canada effectively prohibits the sale of Gulfstream products in Canada through the same certification process. If the relevant issues are not corrected immediately, I will impose a 50% tariff on all Canadian aircraft exported to the United States. (Jin10)
Odaily News Ethereum treasury company Bit Digital (Nasdaq: BTBT) announced plans to completely cease its Bitcoin mining operations, shifting its focus to Ethereum infrastructure, staking, and a high-performance computing (HPC/AI) strategy.
In a letter to shareholders, CEO Sam Tabar stated that with market changes, mining is no longer the most capital-efficient choice. The company will concentrate its digital asset exposure on Ethereum and strengthen its AI infrastructure layout through its controlling stake in WhiteFiber to achieve long-term growth that is operational, monetizable, and compoundable.
Bit Digital entered the Bitcoin mining sector in 2020 and began accumulating and staking ETH around the time of Ethereum's transition to PoS in 2022. The company started pioneering its HPC/AI layout in 2023 and clarified its transition to a "pure Ethereum treasury and staking" model by mid-2025, gradually selling mining rigs, terminating hosting contracts, and phasing out old equipment. Its AI subsidiary, WhiteFiber, completed an IPO last year, and Bit Digital currently holds approximately 27 million shares.
Odaily News According to informed sources, ahead of a potential listing this year, Elon Musk's SpaceX and xAI are in discussions about a merger. This merger would integrate Musk's rocket company, Starlink satellite network, X social media platform, and the Grok AI chatbot. The plan would provide new impetus for SpaceX's efforts to launch data centers into orbit. In the rapidly escalating AI race against tech giants like Google, Meta, and OpenAI, Musk is striving to secure a leading position. Under the proposed merger plan, xAI's stock would be converted into SpaceX stock. Sources stated that two entities have been established in Nevada to facilitate the transaction.
