BTC.com data shows that yesterday's Bitcoin network transaction fee was 49.84 BTC, a 3.4% decrease from the previous day's 51.62 BTC.

On January 31, 2024, OKX Ventures, in collaboration with ABCDE, held the second season of Bitcoin Ecological Demo Day, covering BTC Layer 2 network, Layer 2 service solutions, Bitcoin collateral, Launchpad, DA and other Bitcoin infrastructure construction projects. It is reported that with the continuous growth of Bitcoin users and Bitcoin blockchain data, there is still huge innovation space in the Bitcoin ecosystem. OKX Ventures is committed to building the BTC ecosystem and has invested in projects such as B^2 Network, Bitmap Tech, Babylon, bitSmiley, alexGo, Portal Defi, etc. OKX Ventures will continue to invest 10 million US dollars and support new and innovative entrepreneurs in the BTC ecosystem to accelerate the improvement of blockchain technology, while providing services and resources to help partners develop together.

UK law enforcement has seized $1.7 billion worth of Bitcoin. Earlier, a former restaurant employee named Jian Wen attempted to use the Bitcoin to purchase a luxury home in London worth about $30 million, but the purchase was unsuccessful due to their inability to explain the source of the encrypted assets. It is reported that Jian Wen became a British citizen in 2018 and is suspected of being recruited to assist Zhimin Qian in money laundering, accused of representing Zhimin Qian in converting Bitcoin into cash, luxury goods, and real estate.

This year, we returned with 8 high-quality projects in the BTC Ecosystem. On January 31st, 2024, ABCDE’s second Demo Day is scheduled, welcoming over 80 investors. These 8 projects, carefully selected from various sectors including Layer 2, Statechain, Staking, DA, Liquidity Layer, Launchpad, etc., showcase the diversity and innovation in our field.

On January 31st, 2024, ABCDE’s second Demo Day is scheduled, welcoming over 80 investors. These 8 projects, carefully selected from various sectors including Layer 2, Statechain, Staking, DA, Liquidity Layer, Launchpad, etc., showcase the diversity and innovation in our field.

The market shows BTC has fallen below $42,500, currently at $42,485.5, with a daily decline of 2.2%. The market is fluctuating greatly, please be prepared for risk control.

Hong Kong legislator Wu Chi-wai stated that the financial technology summit Bitcoin Forum will be held in Hong Kong in May, marking the conference's first appearance in Asia. The event is expected to generate a consumption economic benefit of HKD 200 million. Wu Chi-wai also suggested that the Hong Kong government should accelerate the development of Web 3.0, as many cities around the world are competing for the central hub position. This year's Bitcoin Forum proves that Hong Kong's Web 3.0 and virtual asset policies have gradually attracted international attention and participation.

According to the co-founders of Glassnode, Bitcoin's recent surge could lead to a short squeeze and trigger a larger rally. The surge in Bitcoin's price has provided liquidity for long positions and is moving to fill the liquidity gap above $42,000, potentially causing volatility. The founders also suggest that Bitcoin may be printing a classic descending wedge pattern, which could indicate a potential bullish reversal. As of writing, Bitcoin is trading at $43,436.

The Bitcoin market continues to show resilience, recovering from the initial sell-the-news drawdown following ETF approvals. In particular, the market is working through the significant supply overhead created by investors rebalancing capital out of the GBTC product since its conversion.

German police temporarily seized 50,000 bitcoins worth $2.17 billion in a piracy law enforcement operation. This operation is reportedly the largest cryptocurrency seizure in the country's history. One of the two suspects voluntarily transferred the bitcoins to the Federal Criminal Police Office (BKA) in Germany. There are no formal charges against the suspects yet, but investigations into subsequent money laundering activities are still ongoing.

Based on the inflow/outflow of funds for BTC spot ETF on January 29th, it is expected that approximately 14,800 BTC (about 638.8 million US dollars) will be transferred to various ETF custody addresses after the opening of the U.S. stock market today, including:- GrayScale GBTC custody address will have an outflow of about 4,441 BTC;<br>- The remaining nine ETF custody addresses will have an inflow of about 10,359 BTC;<br>- The overall net inflow is about 5,918 BTC. Funds have been continuously flowing in for 2 days.

According to data tracked by IntoTheBlock, cryptocurrency whales or large investors have accumulated $3 billion worth of Bitcoin this month. The amount of Bitcoin held in wallets with over 1,000 BTC has increased by about 76,000 BTC, reaching nearly 78 million BTC. Although the net inflow of Bitcoin ETF is $820 million, the capital inflow of Bitcoin whales has increased by about $3 billion (76,000 BTC) since 2024.

Bitcoin may be clear to attack resistance higher up, but the odds of sweeping recent lows later on remain convincing among BTC price pundits.

BTC has briefly surpassed 42200 USDT and is now reporting 42191.4 USDT, with a 24-hour increase of 0.74%.

Bitcoin DeFi dApp Sovryn announced the launch of BitcoinOS, which is a Bitcoin rollup "super chain" designed to address any limitations brought by Rootstock sidechain technology, enabling developers to develop on Bitcoin, achieve sustainability, drive adoption, and cultivate network effects.

The US government has filed a notice to sell almost $130 million worth of Bitcoins seized from the Silk Road darknet marketplace. The sale will be in two lots, with one lot consisting of 2874 BTC valued at $129 million and the other lot consisting of 58 BTC worth $3.3 million. Individuals, excluding defendants, have 60 days from January 10 to assert an interest in the forfeited property via an ancillary petition. The US government's sale of these Bitcoins could create further selling pressure on the BTC price.

According to Coinglass data, the total open position of BTC futures contracts on the network is 427,590 BTC (approximately $17.12 billion). Among them, the open position of CME BTC contracts is 110,520 BTC (approximately $4.42 billion), ranking first; the open position of Binance BTC contracts is 104,560 BTC (approximately $4.19 billion), ranking second.

Former Ark Invest cryptocurrency head and current Placeholder VC partner Chris Burniske stated on social media that he believes Bitcoin may fall to a range of $30,000 to $36,000 or test the range of $20,000 to $30,000. He reminds the market of volatility and false breakouts. Currently, there seem to be many uncertain factors at the macro level. New product innovations are coming, but they are not yet fully in place. Chris Burniske suggests patience and still holds cryptocurrency assets.

SHANGHAI/HONG KONG, Jan 25 (Reuters) - Dylan Run, a Shanghai-based finance sector executive, started moving a bit of his money into cryptocurrencies in early 2023, when he realized that the Chinese economy and its stock markets were going downhill.

Kaiko stated in a post on X platform that the 60-day correlation between BTC and the Nasdaq 100 index has approached 0.