24H Hot Cryptocurrencies and Key News｜Trump to Announce Fed Chair Nominee Tonight Beijing Time; Trump and Democrats Reach Funding Deal to Avoid Government Shutdown (January 30)
- Core Viewpoint: The cryptocurrency market experienced a broad decline, with Bitcoin price dropping to multi-month lows, and analysts are concerned about the possibility of further correction; meanwhile, the industry continues to develop in terms of regulation, institutional investment, and strategic transformation.
- Key Elements:
- Market Broadly Declines: Major cryptocurrencies such as BTC, ETH, and SOL all fell over 5% in 24 hours, with only a few tokens like SENT bucking the trend and rising over 50%.
- Analysts' Bearish Expectations: Multiple analysts pointed out that Bitcoin has lost key support levels and may correct further to the $70,000-$75,000 range.
- Diverging Regulatory Progress: The US Senate Agriculture Committee advanced a crypto bill along party lines, lacking bipartisan consensus; Russia plans to launch a regulatory framework allowing retail participation in July.
- Institutional Strategic Adjustments: Bit Digital announced a complete exit from Bitcoin mining, shifting focus to Ethereum and AI infrastructure; several companies like MetaPlanet and OSL Group announced large financing rounds to increase BTC holdings or expand business.
- Law Enforcement and Security Dynamics: The US Department of Justice seized over $400 million in assets linked to the Helix mixer; the Ethereum Foundation announced plans to create a $220 million security fund.
1. Trending Tokens on CEXs
Top 10 CEX Trading Volume and 24-hour Price Change:
- BTC: -7.10%
- ETH: -7.75%
- SOL: -6.97%
- XRP: -6.15%
- BNB: -5.66%
- PAXG: -3.20%
- DOGE: -6.62%
- SUI: -5.07%
- FOGO: -10.18%
- SENT: +60.60%
24-hour Top Gainers (Data Source: OKX):
- SENT: +56.01%
- ZRO: +7.20%
- NFT: +1.95%
- BABY: +1.27%
- SPURS: +0.80%
- AXS: +0.83%
- LEO: +0.24%
- RDNT: +0.27%
- USAT: +0.02%
- USDG: +0.02%
24-hour Top Gainers in Crypto Equities (Data Source: msx.com):
- SNDK: 19.77%
- MSTZ: 19.04%
- ETHD: 12.56%
- SBIT: 10.9%
- ORBS: 10.71%
- META: 9.09%
- CONI: 8.9%
- CPER: 6.66%
- LMT: 4.68%
- NIO: 4.58%
2. Trending On-Chain Memes (Data Source: GMGN):
- ELON
- Donald
- CANCER
- WIN
- BARK
Headlines
Trump to Announce Fed Chair Nominee Tonight Beijing Time
U.S. President Trump: Will announce the nominee for Federal Reserve Chair tonight Beijing time (tomorrow morning U.S. time).
Sources: Trump and Democrats Reach Deal on Funding to Avert Government Shutdown
According to five informed sources, U.S. President Trump and Senate Democrats reached a deal on Thursday to avert a prolonged shutdown for most federal departments. The move aims to defuse a fierce battle over funding for the Department of Homeland Security and Immigration and Customs Enforcement (ICE). This funding fight escalated after two U.S. citizens were shot and killed by law enforcement in Minneapolis. While funding for several agencies will lapse 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 deal as early as Thursday evening. The House will return to Washington on Monday, at which point it must pass the bill and send it to President Trump for signature.
Industry News
El Salvador Central Bank Spends $50 Million on Gold, Total Gold Holdings Value Rises to $360 Million
The Central Bank of El Salvador purchased $50 million worth of gold, while the government continues to increase its BTC holdings. The government's total gold holdings now stand at 67,403 ounces, valued at approximately $360 million at current prices; its Bitcoin holdings have reached 7,547 BTC, valued at $635 million.
U.S. DOJ Seizes Over $400 Million in Assets Linked to Mixer Helix
The U.S. Department of Justice announced it has formally obtained legal ownership of over $400 million in assets linked to the darknet money laundering mixer platform Helix, including cryptocurrency, real estate, and cash assets. On January 21, District of Columbia Judge Beryl A. Howell signed the final forfeiture order.
Helix, operated by Larry Dean Harmon, processed approximately 354,468 Bitcoin transactions between 2014 and 2017, valued at $300 million at the time, primarily serving the money laundering needs of darknet drug dealers. Harmon pleaded guilty to conspiracy to launder money in August 2021 and was sentenced to 36 months in prison, 3 years of supervised release, and asset forfeiture in November 2024.
Ethereum Foundation and Vitalik to Create $220 Million Security Fund, Funded by "TheDAO"
The Ethereum Foundation and Vitalik will create a $220 million security fund, funded by "TheDAO".
Project News
Bit Digital to Fully Exit Bitcoin Mining, Focus on Ethereum and AI Infrastructure
Ethereum treasury company Bit Digital (Nasdaq: BTBT) announced plans to completely cease Bitcoin mining operations, shifting focus to Ethereum infrastructure, staking, and high-performance computing (HPC/AI) strategies.
In a letter to shareholders, CEO Sam Tabar stated that as market conditions have changed, mining is no longer the most capital-efficient option. 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.
ALT5 Sigma Announces Board Approval for Strategic Acquisition of More WLFI Tokens on Public Markets
ALT5 Sigma Corporation (NASDAQ: ALTS) today announced that its board has authorized a share repurchase program of up to $100 million. The program intends to repurchase up to 50 million common shares at a price below net asset value (NAV) per share, representing approximately 40% of the company's outstanding shares. CEO Tony Isaac stated that the company's current stock price trades at a discount of about 70% to its intrinsic value, and the repurchase initiative aims to create value for shareholders by eliminating this market valuation gap.
Additionally, the board authorized the company to increase its holdings of WLFI tokens on the open market. The company currently holds approximately 7.3 billion WLFI (World Liberty Financial governance tokens), valued at around $1.5 billion.
Investments & Financing
Robinhood Invests in Crypto Trading Platform Talos, Valuation Reaches $1.5 Billion
Robinhood (HOOD) announced its participation in the Series B extension financing round for crypto trading infrastructure provider Talos. This funding round raised $45 million, bringing Talos's total Series B funding to $150 million and raising the company's valuation to approximately $1.5 billion. New strategic investors include Sony Innovation Fund, IMC, QCP, and Karatage, with existing shareholders a16z crypto, BNY, and Fidelity Investments continuing their participation.
Talos primarily provides crypto trading lifecycle technology for institutional investors and banks, serving a combined asset under management of approximately $21 trillion. This funding will help Talos deepen its blockchain strategy and M&A expansion. Previously, Talos has acquired Cloudwall (risk management), Skolem (institutional-grade DeFi), D3X Systems (portfolio construction), and Coin Metrics for over $100 million.
MetaPlanet to Raise $137 Million via Rights Issue and Warrants to Increase BTC Holdings
MetaPlanet (MTPLF) is raising $137 million through a new share issuance and warrants to purchase more BTC.
OSL Group Announces $200 Million Equity Financing
Stablecoin trading and payment platform OSL Group (863.HK) today announced a $200 million (approximately HK$1.56 billion) equity financing to deepen its strategic layout in areas such as stablecoin trading and payments. According to the plan, the raised funds will be used for strategic acquisitions, global expansion of payment and stablecoin businesses, product and technology infrastructure development, and daily operations.
Regulatory Policy
The U.S. Senate Agriculture Committee 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 progressed at the Senate committee level, signaling a new phase. However, as the vote was strictly along party lines without Democratic support, the bill still faces significant hurdles for eventual 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 walking away 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 for a bipartisan consensus.
The bill still needs 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 already passed with high votes in the House before being submitted to the President to be signed into law. Analysis suggests the legislative window is narrowing as the midterm elections approach.
UK Financial Services Regulation Committee Launches Regulatory Inquiry into Stablecoins
The UK House of Lords Financial Services Regulation Committee today announced the launch of a new inquiry into the growth of stablecoins in the UK and the proposed regulatory regime, calling for written evidence from all sectors with a deadline of March 11, 2026. The inquiry, initiated by Committee Chair Baroness Noakes, aims to assess the potential impact of stablecoins on the UK's financial services industry and macroeconomy.
Russia to Launch Crypto Regulatory Framework in July, Allowing Retail Participation
Bitcoin Magazine reported that Russia will launch a crypto regulatory framework this July, which will allow retail participation.
Voices
On Thursday, Bitcoin's price plunged to its lowest level since November last year, with the broader cryptocurrency market experiencing a significant sell-off. The decline was triggered by sharp drops in gold and stocks during the U.S. morning session, but despite those markets rebounding significantly from their lows, cryptocurrencies did not see a similar bounce, highlighting the sector's relative weakness.
Matt Mena, Crypto Research Strategist at 21Shares, stated that it is crucial for Bitcoin to hold the $84,000 support level. He noted that if this support fails to hold, the next target is the $80,000 level where market buyers entered in November last year; a break below that level would imply a drop to the $75,000 low touched during the April 2025 tariff turmoil.
John Glover, Chief Investment Officer at Bitcoin lending platform Ledn, believes today's selling wave is part of Bitcoin's overall correction since hitting its all-time high in October. This decline could ultimately push Bitcoin's price down to $71,000, a 43% drop from the $126,000 level in early October.
Russell Thompson, Chief Investment Officer at Hilbert Group, added, "All technical support levels have been broken. I think Bitcoin currently lacks support, and the price could fall to $70,000."
