As part of its restructuring efforts to address the debt crisis, THORChain's governing body has passed an important proposal to convert defaulted debt into equity tokens. Specifically, the approved plan involves converting defaulted debt into equity through the issuance of a new token called TCY to creditors. TCY token holders are entitled to 10% of THORChain's revenue in perpetuity.
According to on-chain analyst Ember Monitor, this early buyer whale, who cleared his TRUMP position early yesterday morning, has re-entered the TRUMP market: he used 54,950 SOL ($11.51 million) to buy 517,259 TRUMPs in the past 10 hours, with an average price of $22.25. This re-entry price is higher than the price he sold early yesterday morning ($19.76).
According to on-chain analyst Ember Monitoring, a giant whale/institution has been buying and hoarding WBTC and ETH since December 2022, and spent another 15 million USDT to buy 151.3 WBTC in the past 2 hours, priced at $99,124. The giant whale/institution has spent a total of 228.5 million USDT to buy BTC and ETH so far, and now has a floating profit of up to $93.89 million: 178.8 million USDT bought 2,687 WBTC at an average price of $66,570. 49.63 million USDT bought 17,792 ETH at an average p...
According to on-chain analyst Ember Monitoring, the 1inch team investment fund spent 10 million USDC to buy 3,257 ETH in the past 20 minutes, with an average price of about $3,070. The fund is not only active in the trading of 1INCH tokens, but also has multiple precision band ETH before, and maintains a high winning rate.
On February 2nd, local time on February 1st, US Secretary of State Rubio arrived in Panama City, the capital of Panama, by plane to officially start his visit to Panama. This is also Rubio's first foreign visit after taking office as US Secretary of State. He will start in Panama and visit five Latin American countries including Guatemala, El Salvador, Costa Rica, and Dominica. According to the currently announced itinerary, Rubio will meet with Panamanian President Mulino and visit the Panama C...
Due to the cold wave in the United States, the increase in electricity prices has led to the first reduction in the difficulty of bitcoin mining since the end of September 2024. According to the statistics of bitcoin mining company Luxor, the United States accounts for 36% of the global bitcoin hashrate, of which Texas contributes nearly half. The polar cold snap in January caused the cost of electricity in the United States to rise, and mining companies' profits were frustrated. Mining difficul...
MicroStrategy announced an increase in the size of its preference share STRK fundraising from $250 million to $564 million. MicroStrategy estimates that the net proceeds from the offering will be approximately $564 million after deducting underwriting discounts and commissions and MicroStrategy's estimated offering costs. MicroStrategy intends to use the net proceeds from the offering for general corporate purposes, including the acquisition of Bitcoin and Working Funds.
German cryptocurrency startup Irreducible raised $24 million in a Series A round led by Paradigm and Bain Capital Crypto, along with other investors including Distributed Capital, L2 Iterative Ventures, Robot Ventures, and several angel investors. Founded in 2022 under the name Ulvetanna, Irreducible focuses on zero-knowledge proof (ZKP) generation infrastructure designed to improve efficiency and cost-effectiveness. Irreducible currently has 25 employees and plans to double the size of its engi...
The Federal Reserve's January FOMC meeting decided to stay put and maintain the base rate unchanged at 4.25% -4.5%, in line with market expectations. Can interest rates be cut in the future? China International Capital Corporation Research Report believes that there is no need to think that the Federal Reserve cannot cut interest rates in the future. From the perspective of the reflexive effect of interest rates, the less expected interest rate cuts at present will help to cut interest rates, ju...
President Trump: Oil prices were a factor in the tariff decision.
According to official news, Jupiter Exchange has acquired Sonar Watch and launched the Jupiter Portfolio, which provides a unified wallet overview of Solana's ecosystem of assets. The tool is deeply integrated with Jupiter Mobile to help users fully manage tokens and on-chain assets and achieve a faster and more secure trading experience.
Danske Bank said that the ECB's policy decision has basically been guided, that is, to cut interest rates by another 25 basis points, bringing the policy rate to 2.75%. This is the consensus expectation of analysts and the market. Given the recent uncertainty prevailing in the Trump administration and the continued resilience of the domestic economy, we do not expect new signals on the ECB's policy rate outlook. Therefore, we expect the three-tier response function (...
On January 30, Cygnus Finance announced the acquisition of OASIS AI Limited. OASIS AI now integrates the DeepSeek-R1 open-source model to further democratize cutting-edge AI technologies. Through this acquisition, Cygnus' true revenue layer will support more AI assets and computing power, strengthening the vision of artificial intelligence and blockchain convergence. At the same time, Cygnus Finance officially upgraded its brand to "Cygnus", dedicated to AI-driven decentralized infrastructure bu...
The Sandbox announced the acquisition of QED, a Romanian software development company, and the establishment of The Sandbox Romania. The QED team has six years of experience developing scalable software solutions, and this merger will further enhance the technical capabilities of The Sandbox platform and accelerate its global expansion. QED has been working with The Sandbox for more than two years, focusing on areas such as blockchain integration and software development. Following this acquisit...
Federal Reserve Chairperson Jerome Powell told a news conference after the Fed's decision to keep interest rates on hold that he had so far not been in contact with President Donald Trump and declined to comment on Trump's remarks last week that he would ask the Fed to lower interest rates. "I will not make any response or comment on what the president has said and I have not contacted him," he said.