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Kazakhstan Plans to Use Asset Forfeiture for Expanding National Crypto Reserve

2 hours ago

DLNews reported on January 30 that Kazakhstan Central Bank’s National Investment Corporation (NIC) plans to use cryptocurrency seized by law enforcement to boost the nation’s crypto reserves. NIC head Timur Suleimenov stated on January 28 that the central bank has allocated $350 million in foreign currency and gold for the fund. Initially, NIC will not directly purchase or hold crypto—instead, it will do so through five pre-vetted hedge funds, with plans to later expand its investment scope to crypto-focused venture funds. Per Kazakhstan President Kassym-Jomart Tokayev, law enforcement has shuttered 130 illegal crypto exchanges (generating roughly $124 million in total revenue) and seized assets valued at over $5 million.
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「Whale」 Buddy Liquidates $1.584 Million Loss on ETH Long, Immediately Goes Long on ETH Again

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The largest on-chain single-transaction liquidation was conducted by the whale known as "CZ's paper hands", with a total of $168 million in long positions liquidated.

On January 30th, per monitoring from HyperInsight (via their Telegram channel: https://t.me/HyperInsight) and Coinglass, the whale address “CZ Opponent” (0x9ee)—which held the second-largest ETH long and largest XRP long positions on Hyperliquid—faced multiple consecutive liquidations after BTC’s price briefly dipped below $82,000. The largest single liquidation totaled roughly $65.13 million, making it the biggest on-chain liquidation in the past 24 hours and the second-largest network-wide single liquidation in that period. Monitoring data shows the address’s ETH, XRP, and HYPE long positions underwent 9 major liquidations around 9:40 AM ET today, resulting in a $34.45 million loss. This erased most of its holdings: total account value plummeted from ~$260 million to $59.5 million. Liquidation breakdown: - **ETH Long**: 2,534 ETH liquidated (~$22.55 million total). The largest single ETH liquidation occurred at ~$2,676, totaling $65.13 million—also the top on-chain liquidation in

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