Peter Brandt referred to the precious metals move as the "single greatest market anomaly of my career," suggesting market risk

January 29 — Cere Network, a decentralized data cloud platform, is facing new legal scrutiny. A recent complaint filed in San Francisco federal court accuses co-founder Fred Jin, his family and board members of orchestrating a pump-and-dump scheme during the 2021 token public offering, illegally siphoning investor funds and seeking up to $100 million in damages. Plaintiff Vivian Liu— a Cere employee and investor— alleges Jin promised his and early investors’ tokens would remain locked for months post-launch. In reality, Jin and his associates secretly dumped over $41 million in CERE tokens across multiple exchanges right after the token went live, then transferred the funds to personal wallets. This marks Cere’s second lawsuit this month. On January 13, co-founder Kenzi Wang sued Jin and the board on the company’s behalf in Delaware Chancery Court, claiming systematic misappropriation of over $58 million in company assets— disguised via fraudulent accounting, shell entities and w

Binance Alpha will delist the following tokens, per an official announcement dated January 29: WIZARD, SHOGGOTH, G, FWOG, UFD, BRIC, UPTOP, PORT3, XNAP, MORE, BOMB, BOOST.

On January 29, Blockworks analyst Shaunda Devens took to social media to state that Hyperliquid has quietly secured the deepest top-tier order book liquidity in the crypto market. Within ±1 basis point (bps) of the mid-price, Hyperliquid’s BTC order book depth reaches $3.1 million—outpacing Binance’s $2.3 million. A similar dynamic plays out in the HIP-3 silver market: at the tightest spread, Hyperliquid’s order book depth stands at $33,000, versus Binance’s $24,000.

Upbit announced on January 29 that SENT will be listed on the KRW, BTC, and USDT markets.

As of January 29th, per GMGN monitoring, Solana-based meme coin BP has seen a sharp drop in market cap after hitting $10 million. It now sits at roughly $5.4 million, with a price of $0.0054—up 150% over the past 24 hours—and a trading volume of around $5 million. BlockBeats notes that meme coins are highly volatile, heavily swayed by market sentiment and meme-fueled speculation, and lack actual value or utility. Investors should be mindful of the risks.

On January 29, Bithumb announced plans to list SENT and ELSA on its KRW market.