「Battle King」 Goes Short 40x with 12.18 BTC, Average Entry Price of $82,098.5

On January 30, Farside monitoring reported that U.S. Ethereum spot ETFs registered a net outflow of $155.7 million the day prior.

Jan 30: U.S. spot Bitcoin ETFs recorded a net outflow of $817.8 million yesterday, per Farside monitoring, marking the third straight day of net outflows.

Jan 30 — Per official figures, BTC/USDT trading volume on Binance hit $3.422 billion over the past 24 hours, signaling sustained high Bitcoin trading activity. Previously, Binance announced it would gradually convert the $1 billion stablecoin reserves in its SAFU Fund to Bitcoin, targeting completion within 30 days. Based on current volumes, this conversion amount equates to roughly 34% of the BTC/USDT volume recorded in the past 24 hours. Binance also noted that if Bitcoin price swings push the SAFU Fund’s value below $800 million, it will replenish Bitcoin to restore the fund to its $1 billion target size. The market is closely watching this development, as it could further bolster Bitcoin’s liquidity support and sentiment resilience amid ongoing market volatility.

On Jan. 30, Bitcoin rebounded to break above $83,000, with its 24-hour drop narrowing to 5.60%, per HTX market data.

On January 30, Binance announced it will gradually convert its $1 billion stablecoin reserve into Bitcoin, with the conversion set to finish within 30 days. If the market value of the converted assets falls below $800 million due to volatility, Binance will replenish BTC to restore the reserve’s value to $1 billion.

**Binance China Issues Open Letter to Crypto Community Amid Market Concerns** On January 30, Binance China released an "Open Letter to the Crypto Community" addressing recent market and community concerns. The platform stated that as it scales, industry fluctuations impact its performance—and it will uphold higher standards, enhancing governance, risk control, and transparency. Key highlights: - **Asset Recovery**: Helped users recover 38,648 mis-deposited assets valued at $48 million in 2025; cumulative recovery exceeds $1.09 billion. - **Risk Control**: Assisted 5.4 million users in risk identification annually, preventing ~$6.69 billion in fraud losses. - **Law Enforcement Collaboration**: Partnered with global law enforcement to combat $131 million in illicit activity. - **Listings & Ecosystem**: By 2025, spot listings cover 21 public chains (focus on ETH, BSC, SOL); 13 new public chains onboarded. - **Asset Transparency**: As of end-2025, reserve proof covers ~$162