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Quick Take The bitcoin price pulled back to under $100,000 — marking a 5.7% decline in the past day. Over $850 million worth of crypto trades were liquidated on exchanges in 24 hours, predominantly affecting long positions.
The equities exchange posted an amended rule filing on Monday that would allow for in-kind redemptions and creations for the ARK 21Shares Bitcoin ETF and the 21Shares Core Ethereum ETF. Ahead of the U.S. Securities and Exchange Commission’s approvals for spot bitcoin ETFs over a year ago, firms were hashing out technical details over how the redemption process would work for those products.
Quick Take Analog, a blockchain interoperability protocol, raised $5 million at a $300 million token valuation, marking a 150% jump in valuation within a year. Analog is set to launch its token on Feb. 6, following its recent mainnet debut.
Amid market volatility, these three crypto tokens achieved all-time highs. Explore the factors behind their surges and key levels ahead.
XRP's rally to $3.40 has stalled, with bearish signals hinting at a correction. Can it hold $3, or will $2.73 become the next support level?
- 02:46OpenAI launches deep research function, generating analyst-level reports in 5 to 30 minutesOn February 4th, following the impact of DeepSeek, the release frequency of OpenAI's new product features has significantly increased. Following the release of the official o3-mini model three days ago and the free addition of the "inference" button in ChatGPT, on the morning of February 3rd Beijing time, OpenAI released a new ChatGPT feature called "Deep Research", which aims to generate analyst-level reports after 5 to 30 minutes of networking and deep thinking. Currently, Pro users can use this feature. OpenAI CEO Sam Altman said that this is a service like "on-demand experts" that can complete tasks that previously took hours or days. However, OpenAI stated that this feature sometimes produces illusions or makes incorrect inferences in the answers, but the probability of errors is significantly lower than other models under existing ChatGPT.
- 02:46US Department of Justice accuses Canadian hacker Medjedovic of stealing $65 million through Indexed Finance and KyberSwapUS prosecutors on Monday charged 22-year-old Andean Medjedovic with two hacking attacks totaling $65 million. Court documents show that Medjedovic previously admitted to profiting about $16 million from the DeFi protocol Indexed Finance in October 2021. He is also believed to be behind the November 2023 attack on KyberSwap, which caused the protocol and its users to lose about $48 million in cryptocurrency. The hacker later sent about $2 million in cryptocurrency to digital wallets believed to be controlled by Medjedovic. Majdovic faces five charges, including fraud, money laundering, and extortion. On Monday, he did not respond to multiple requests for comment.
- 02:45Polymarket predicts a 70% chance of Bitcoin hitting a new historical high before March 31st.According to Polymarket data, the market expects a 70% probability that Bitcoin will reach a new historical high before March 31, 2025. The predicted market contract trading volume reached $193,618.