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.