Meme Coin ELON's Market Cap Surges to $15 Million Briefly Before Major Sell-Off, Market Cap Currently at $4.5 Million

January 30: Per Onchain Lens monitoring, a BlackRock ETF address deposited 2,288 BTC (valued at $188.99 million) and 19,644 ETH (valued at $53.72 million) into Coinbase.

Per a Hong Kong government news release, Christopher Hui—Hong Kong’s Secretary for Financial Services and the Treasury—stated at a Legislative Council (LegCo) policy briefing on January 30 that the Treasury, in collaboration with the Securities and Futures Commission (SFC), is finalizing details of a regulatory framework for virtual asset trading and custody services. The goal is to submit a bill to LegCo this year regulating four types of service providers, including those offering virtual asset advice and virtual asset portfolio management. Additionally, Hong Kong’s Stablecoin Bill took effect in August 2025, and the Hong Kong Monetary Authority (HKMA) is currently processing related license applications. To build an international gold trading market, Hong Kong has set a target to expand its gold storage to over 2,000 tons within three years, positioning itself as a regional gold reserve hub. A wholly government-owned entity—the Hong Kong Bullion Central Clearing System Governi

On January 30, former President Donald Trump announced on Truth Social that he will nominate Kevin Wash—an experienced economist and former Federal Reserve Board Governor—as Fed Chair.

Jan 30 – Binance announced it will gradually convert its $10 billion stablecoin reserve into Bitcoin, with the process set to wrap up within 30 days. The move is reportedly aimed at easing recent criticisms and controversies the crypto community has raised against the platform. Following the announcement, the crypto community has called for industry leaders like Tether to step in and support the sector. Yishi, founder of OneKey, stated major crypto tech firms need to act: “If Bitcoin fails, no one will survive it. Binance led the way—now it’s Tether’s turn.” Crypto KOL Benson Sun, a former FTX community partner, echoed the sentiment. Garrett Jin, agent for the “BTC OG Insider Whale,” also urged action: More key crypto companies should step forward to back the industry’s development with real capital.

On January 30, former Coinbase CTO and angel investor Balaji Srinivasan said signs of a fiat currency crisis have emerged. He noted physical gold is vulnerable to government seizure (as seen in the 1933 Roosevelt Order), while digital gold like Bitcoin has a confiscation-resistant edge thanks to its fungibility and programmability. In his article, Balaji pointed out BRICS nations’ gold reserves have surged sharply since the 2008 financial crisis, signaling an Eastern shift toward tangible assets—but he argued the internet will replace dollar-dominated Keynesianism with digital assets. He concluded that for people in sovereign debt crisis-stricken countries across North America and Western Europe, gold isn’t necessarily the best hedge asset; Bitcoin is a worthwhile hedging option to consider.

On January 30, Bloomberg reported that Nomura Holdings said its European digital asset subsidiary, Laser Digital Holdings, is cutting cryptocurrency risk exposure. Nomura Chief Financial Officer Harumi Moriuchi noted during an earnings briefing that Laser Digital posted losses in the October-December 2025 period (Q3) due to market volatility, and is now reducing risk via strict portfolio management. Moriuchi emphasized Nomura’s commitment to digital asset-related business remains unchanged, with plans to expand the business over the medium to long term.