GateNewsBot

Odaily Planet Daily News: Trump nominates Kevin Wash as Chair of the Federal Reserve System Board of Governors.

The Hong Kong Financial Services and the Treasury Bureau plans to establish a regulatory framework for virtual asset trading and custody services, with a draft bill expected to be submitted to the Legislative Council. Hong Kong has also set expansion targets for gold storage and will conduct a trial operation of the gold clearing system. Additionally, there are plans to implement the OECD crypto-asset reporting framework to enhance tax transparency.

Bitcoin miners are migrating due to rising electricity costs and declining hash rates, with mining costs reaching $74,300. Despite the current Bitcoin price at $82,500, the market may still retrace to the cost range. The hash rate has dropped to 2025 levels, possibly due to miners shifting to AI businesses and adverse weather conditions. The fair price of Bitcoin is approximately $120,950.

Laser Digital Holdings, a subsidiary of Nomura Holdings, is reducing its crypto asset risk exposure due to losses caused by market volatility. Nevertheless, Nomura still plans to expand its digital asset-related business in the medium to long term.

Odaily Planet Daily News reports that the Governor of the Czech National Bank stated that Bitcoin should be understood and not opposed to the future. He also mentioned that more countries are expected to adopt BTC. (The Bitcoin Historian)

According to DefiLlama data, trading volumes across platforms increased on January 30th, with Hyperliquid leading at $14.53 billion in trading volume, reaching a new high. Open interest has slightly declined. Other platforms also had considerable trading volumes.

Gate founder Dr. Han pointed out on the X platform that gold performs well in times of uncertainty and continues to gain market favor. In contrast, Bitcoin is not a safe-haven asset; its value mainly derives from expectations of future growth. Gate is accelerating its expansion into traditional financial sectors and diversifying trading categories.

Renowned trader Peter Brandt warns about the silver market, pointing out recent abnormal trading volume, which may reflect hedging by miners rather than genuine demand, leading to oversupply. Following his warning, silver experienced a historic decline, with a daily drop of 14.16%.

Odaily Planet Daily reports that spot silver has halted its decline and rebounded, regaining the $100 level, rebounding more than $5 from the intraday low. (Jin10)

On January 30th, Worldcoin (WLD) experienced significant selling pressure after a failed rebound attempt, with the price dropping approximately 21% over the past 24 hours, in line with the overall weakness of the crypto market. The intense volatility has put pressure on many investors, but it has also created profit-taking opportunities for some traders who had previously positioned themselves. WLD's price movement has once again become a market focus. Data shows that in the three days prior to the decline, holders accumulated approximately 13 million WLD, worth nearly $6 million. This behavior temporarily reduced circulating supply and provided short-term support for the price. Although the market then sharply reversed, on-chain balances did not significantly rebound, indicating that most holders did not sell off en masse but chose to hold and observe.

Gate News bot message, The Central Government of Bhutan transferred 100.82 BTC valued at $8.31 million to QCP Capital. Additional transfers are anticipated to follow.

On January 30, the Ethereum Foundation officially announced the launch of a five-year 'Moderate Contraction' transition plan, sparking a new round of discussions on Ethereum's price prospects. The plan will reallocate 16,384 ETH for core protocol development, privacy technology, and open verifiable system construction, while also strengthening the foundation's financial independence and long-term stability. Ethereum co-founder Vitalik Buterin stated in a declaration that this adjustment aims to establish a more robust balance between technological development and sustainable growth. The relevant funds will be gradually invested over the next few years to ensure that Ethereum remains a leading global computing platform in terms of performance, scalability, and decentralization. He will also personally oversee some projects previously driven by the foundation's dedicated teams.

This article summarizes cryptocurrency news as of January 30, 2026, including the latest updates on Bitcoin, Ethereum upgrades, Dogecoin trends, real-time cryptocurrency prices, and price forecasts. Major Web3 events today include:
1. Is Kevin Waugh the top contender to become Federal Reserve Chair? Polymarket betting odds soar to 93%;
2. Aster Phase 6 airdrop countdown: approximately 64 million ASTER allocated, introducing a burn mechanism;
3. Vitalik Buterin commits $45 million to support open-source secure ecosystems, accelerating Ethereum's privacy and sovereignty strategies.

On January 30, news broke that Circle (CRCL) stock was upgraded by analysts for the second time in a week, and this time, the shift was made by Wall Street insiders who were previously the most bearish on the stock. Compass Point analyst Ed Engel upgraded Circle's rating from 'Sell' to 'Neutral' and set a target price of $60, down from the previous $75, reflecting that the market has partially digested the company's risks. On the same day, Circle's stock closed at $67.55, down 7.3% at one point during the trading session, and slightly rebounded after hours. Notably, just the day before, Mizuho Securities' Dan Dolev also revised his previously bearish stance. The consecutive 'turnarounds' by two long-term bears have caused a subtle shift in market sentiment.

Foresight News reports that, according to Onchain Lens monitoring, the whale pension-usdt.eth opened a 3x Ethereum short position again after earning $2.7 million in the previous trade. The current position is 30,000 ETH, worth approximately $81.8 million, with an entry price of $2,746 and a liquidation price of $3,713.44.

January 30 News, Bitcoin continued to sell off at the end of the New York session, officially breaking below the key support level of $84,000 that has held since November 2025, with a low of $81,000, hitting a two-month low. Data shows that over the past 24 hours, crypto long liquidation exceeded $1.6 billion, with Bitcoin longs losing up to $750 million, and price momentum clearly weakening.
From a technical perspective, the opening price of 2026 at $87,000, the 100-day moving average, and the demand zone between $84,000 and $86,000 have all been broken, indicating that the medium-term trend has shifted downward. Meanwhile, the Fear and Greed Index dropped from 26 the previous day to 16, returning to the 'Extreme Fear' zone. Crypto Town Hall analysis states that this kind of sentiment often appears during capitulation sell-offs, usually accompanied by high leverage liquidations.

January 30 News, the international precious metals market experienced a sudden and sharp correction. Gold, which had previously surged to a historic high, plummeted significantly on Friday, with intraday declines approaching 8%, falling to as low as $4957 per ounce, marking one of the largest single-day drops in over a decade. Silver also fell approximately 15% in tandem, platinum declined 16%, and copper prices retreated about 3%, nearly erasing the strong gains made this week.
Market sentiment turned sharply negative, driven by widespread expectations that Kevin Walsh will become the new Federal Reserve Chair. The news prompted the US dollar to strengthen rapidly, weakening gold buying that is primarily driven by the logic of “hedging inflation and currency devaluation.” Analysts believe that Walsh is viewed as a more traditional and hawkish economist, and if he takes office, the Federal Reserve may adopt a more aggressive stance on inflation control, which would directly pressure precious metals.

ChainCatcher News, according to Coinglass data, if BTC breaks through $86,618, the total liquidation strength of short positions on mainstream CEXs will reach $2.394 billion. Conversely, if BTC drops below $78,527, the total liquidation strength of long positions on mainstream CEXs will reach $950 million.

ChainCatcher reports that, according to Coinglass data, if ETH breaks through $2,863, the total liquidation strength of short positions on mainstream CEXs will reach $1.399 billion. Conversely, if ETH drops below $2,593, the total liquidation strength of long positions on mainstream CEXs will reach $625 million.

January 30 News, affected by the collective weakness of US technology stocks, the cryptocurrency market is once again under pressure. After Microsoft announced its earnings report, its stock price plummeted by about 11%, mainly due to rising cloud service costs and slowing growth, dragging down the overall sentiment of the tech sector. As risk assets declined simultaneously, Bitcoin fell near a key technical support level, and market risk aversion quickly intensified. Multiple pressures are simultaneously fermenting. Tensions in the Middle East continue to escalate, coupled with Trump's statements on related geopolitical issues, triggering global market concerns about uncertainty. Meanwhile, gold and silver prices both hit record highs, with funds accelerating into traditional safe-haven assets, and risk appetite in the crypto market significantly decreasing.