News

7:00 (UTC+8) - 12:00 (UTC+8) Keywords: WLFI, Trend Research, Cathie Wood, Epstein 1. Nearly $400 millions in cryptocurrencies were stolen in January, with single phishing attacks accounting for 70% of the total; 2. Wu Jiezhuang: Hong Kong will introduce cryptocurrency custody and OTC regulatory rules this year; 3. If bitcoin reaches $80,000, $1 billions worth of short positions will face liquidation; 4. Yi Lihua from Trend Research: ETH liquidation price is in the range of approximately $1,780 to $1,862; 5. Epstein files revealed: once invested in Blockstream and had close ties with the early bitcoin community; 6. US senators call for a congressional hearing on the UAE National Security Advisor's acquisition of WLFI shares; 7. Cathie Wood: If the US rate of return on capital rises relative to other regions, the dollar may strengthen significantly.

According to ChainCatcher, as reported by Cointelegraph, Igor Runets, founder and CEO of Russian bitcoin mining company BitRiver, has been detained on suspicion of tax evasion. Documents from the Moscow Zamoskvoretsky Court show that Runets was detained on January 30, charged on January 31 with three counts of concealing assets for tax evasion, and sentenced to house arrest. If the appeal fails or is not filed, the house arrest order will take effect on February 4, and Runets will be confined to his home for the duration of the case. Founded in 2017, BitRiver is one of the largest bitcoin mining companies in Russia, operating several large data centers in Siberia. According to Bloomberg, by the end of 2024, Runets had accumulated a net worth of approximately $230 millions through cryptocurrency mining operations. Since being sanctioned by the U.S. Treasury Department in 2022 due to the Russia-Ukraine conflict, BitRiver has faced multiple challenges, including Japan's SBI Bank ceasing to use its infrastructure, wage arrears to employees, and two lawsuits from Siberian infrastructure suppliers.

According to CoinWorld, altcoins such as Monero (XMR), Ethereum (ETH), and Kaspa (KAS) are leading a significant market correction. Monero rebounded slightly above $400 after a 13% drop but faces the risk of testing the 200-day moving average at $388. Ethereum has fallen 25% over the past five days, currently trading below $2,300 and approaching the key support zone between $2,111 and $2,227. Its Relative Strength Index (RSI) is at 24, indicating an oversold condition. Kaspa is currently near $0.3000, forming a descending wedge pattern and facing the risk of further decline to the support level at $0.02439.