1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: -3.52%
ETH: -4.43%
XRP: -9.50%
SOL: -5.75%
DOGE: -8.18%
SUI: +0.89%
TRUMP: -10.76%
PEPE: -6.49%
TRX: -1.88%
BNB: -6.61%
24H increase list (data source: OKX):
FORTH: +39.48%
XR: +21.62%
MLN: +8.42%
OL: + 5.75%
ULTI: +4.70%
KP 3 R: + 4.30%
PENGU: +4.26%
VENOM: +3.34%
X: + 3.22%
NC: +2.71%
2. Top 5 popular memes on the chain (data source: GMGN ):
Calicoin
OmegaX
300 BAUD
LUNA
PORTNOY
3. 24H hot search currencies
FORTH: FORTH is the native governance token of the Ampleforth protocol. Ampleforth is a protocol that automatically adjusts the supply of its native token AMPL based on market demand. Token holders have governance rights and can vote on proposed changes to the protocol or delegate their voting rights to representatives to vote on their behalf, thereby participating in the governance decisions of the protocol. It has risen nearly 50% in the past day.
ARC: Arc is going to create an open source framework Rig, using the Rust language to build portable, modular, and lightweight AI Agents. For more information, see ARCs Fast Pass to 30 Million Market Value, One Article to Understand the Narrative of the New AI Token ; In the plunge in the market a few days ago, ARC did not experience a general decline, but instead rose sharply the next day.
Headlines
Berachain mainnet will be launched on February 6
According to official news, the Berachain mainnet will be launched on February 6, 2025.
Monad announces testnet will launch this month
The parallel EVM network Monad announced in X that the testnet will be launched in February 2025.
Industry News
On-chain data shows that the Ionic attack on Mode caused losses of $8.6 million.
Chain detective ZachXBT said on this matter: Ionics predecessor was the Midas protocol. Midas suffered two hacker attacks in 2023, but the old audit report of Midas from 2022 was used when the Ionic project was launched.
In this regard, ZachXBT once sent a private message to the team questioning the security of Ionics contract. The team stated that their code base was based on the Compound fork, and the vulnerability in Midas was due to a known vulnerability in the Compound code. These problems have been fixed by implementing measures such as whitelisting and reentrancy attack circuit breakers in the new pool, emphasizing that Ionic is very safe.
Odaily previously reported that the Mode-based Ionic platform was hacked, and hackers used unofficial fake LBTC (Lombard BTC) as collateral for lending on the Ionic platform. The team is investigating, and Odaily reminds users not to interact with it.
Grayscale officially submits LTC ETF 19 b-4 application
Grayscale has officially submitted a Litecoin (LTC) ETF 19 b-4 application.
Acting SEC Chairman Appoints Former Coin Center Director to Cryptocurrency Working Group
Landon Zinda has resigned from his position as policy director at cryptocurrency advocacy group Coin Center to join the U.S. Securities and Exchange Commission’s (SEC) cryptocurrency task force. In a notice on Feb. 4, Acting SEC Chairman Mark Uyeda said Zinda has joined the commission as his legal counsel and senior advisor to the cryptocurrency task force. The former Coin Center director will join the task force led by Commissioner Hester Peirce, working alongside Chief of Staff Richard Gabbert and Chief Policy Advisor Taylor Asher.
CFTC reorganizes its enforcement division to refocus on fraud and stop enforcement
New CFTC acting chair Caroline Pham said on Tuesday the regulator has reorganized its enforcement division to “refocus” on fraud and “stop policing through enforcement.”
Under former Chairman Rostin Behnam, the CFTC Enforcement Division had several working groups, including one focused on insider trading, another on cybersecurity and emerging technologies and a third aimed at combating environmental fraud. The new reorganization reduces the number of working groups to just two.
The newly created Complex Fraud Task Force will handle enforcement work on complex fraud and manipulation across all asset classes, from initial investigations to prosecution. Deputy Director of Enforcement Paul Hayeck will serve as acting head of the Complex Fraud Task Force. The Retail Fraud and General Enforcement Task Force will handle retail fraud and general enforcement work and will be led by Deputy Director of Enforcement Charles Marvine.
Project News
Bullish Global, a cryptocurrency exchange operator whose backers include billionaire Peter Thiel, is considering an initial public offering as early as this year and is working with Jefferies Financial Group Inc. on a potential listing, according to people familiar with the matter.
The people added that deliberations are ongoing, IPO details could change and more banks could be added to the lineup. Bullish, led by CEO Tom Farley, has more than 275 employees and offices in the U.S., Hong Kong, Singapore, Gibraltar and the Cayman Islands, according to its website. The company acquired media CoinDesk from Digital Currency Group in 2023 for an undisclosed amount.
Bullish is a subsidiary of blockchain software company Block.one, whose backers include Thiel, Alan Howard, Louis Bacon and Richard Li, according to an earlier statement. Block.one co-founder and CEO Brendan Blumer, who also serves as Bullishs chairman, founded the company in 2021 and funded it with about $10 billion in digital assets and cash. (Bloomberg)
Coinbase sends letter to US regulators, asking for clarity on banking services in crypto industry
Coinbase is urging U.S. regulators to confirm that banks can freely provide services to cryptocurrency businesses. Today, Coinbase sent letters to the Office of the Comptroller of the Currency (OCC), the Federal Reserve Board of Governors, and the Federal Deposit Insurance Corporation (FDIC), asking them to provide a clear report on the status of banking services to the crypto industry.
U.S. banks provision of services to the crypto industry has always been a controversial issue. Under current federal law, banks are already authorized to provide crypto services and work with third-party service providers such as Coinbase. Although banks like BNY Mellon have been providing crypto custody services, some reports indicate that the Federal Deposit Insurance Corporation (FDIC) has approached several U.S. banks, asking them to suspend crypto-related activities. In June 2024, Coinbase filed a lawsuit against the U.S. Securities and Exchange Commission and the FDIC, accusing the institutions of working together to isolate crypto asset companies from basic banking services.
Bitdeer spends $21.7 million to acquire Canadian land and license to build 99 MW Bitcoin mine
Publicly traded bitcoin miner Bitdeer has closed a $21.7 million deal for a fully permitted power project on 19 acres of land near Fox Creek, Alberta. The acquisition enables Bitdeer to build an onsite natural gas power plant and gain approval for a 99-megawatt grid interconnection with the Alberta Electric System Operator (AESO).
Bitdeer expects to work with an engineering and construction firm to energize the power plant in the fourth quarter of 2026. At the same time, the company plans to develop a 99-megawatt data center dedicated to Bitcoin mining at the site.
Bitdeer called the move a key step toward becoming the industry’s first fully integrated bitcoin mining company, controlling its proprietary ASIC chips, data center infrastructure, and power generation capabilities.
According to the company, site preparation and initial infrastructure development will begin in the second quarter of 2025, with full energization expected in the fourth quarter of 2026.
Investment and Financing
Taproot Wizards Completes $30 Million Funding, Led by Standard Crypto
Bitcoin Ordinals project Taproot Wizards has completed a $30 million financing round, led by Standard Crypto. It is reported that Taproot Wizards is focused on promoting the OP_CAT ecosystem.
AI Agent App Store Olas Receives $13.8 Million in Funding, Led by 1kx
Crypto autonomous AI agent app store Olas has completed $13.8 million in financing to support the launch of its AI agent app store called Pearl.
This round of financing was led by 1kx, followed by Tioga Capital, Sigil Fund, Zee Prime Capital, Borderless, Keyrock and other institutions.
The team at Olas, also known as Autonolas, said the funding will be used to support its agent app store, which aims to democratize access to user-owned AI agents.
The app store will let users own and control their AI agents directly on-chain for a variety of use cases such as autonomous social media accounts or DeFi transactions.
Character Voice
Fed Governor Jefferson said there is no need to rush to cut interest rates further, as the strong economy makes a cautious response appropriate. It is expected that inflation will continue to decline, but the process may be slow. Interest rates may fall in the medium term. The Fed faces uncertainty in government policies and expects economic growth and labor market conditions to remain robust.
Sun Yuchen posted on X: People who are familiar with the situation know that Li Lin concealed the due diligence materials at the time (when selling Huobi) and created a hole of 30 million US dollars inside. In the end, I discovered his tricks. After being exposed, he cheated and refused to give me the last cent, so I lent it to the company to fill it.
U.S. SEC Commissioner Hester Peirce said: “The Cryptocurrency Working Group is considering recommending that the SEC take action to provide temporary prospective and retroactive relief for token issuances, where the issuing entity or other entity willing to assume responsibility provides certain specific information and keeps it updated and agrees not to challenge the SEC’s jurisdiction in cases alleging fraud related to the purchase and sale of assets.”
She added: We will work with the federal government, state securities regulators, and our international counterparts, and we invite builders, enthusiasts, and skeptics to join us in exploring what the final rules should be and what interim measures might help foster innovation in the meantime.
