BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

**January 28 –** The U.S. Department of Justice (DOJ) announced Wednesday that Jingliang Su, a 45-year-old Chinese national, has been sentenced to nearly four years in federal prison and ordered to pay over $26 million in restitution for his role in laundering nearly $37 million from cryptocurrency scams. Prosecutors said Su’s transnational criminal network lured U.S. victims into fraudulent cryptocurrency investments via text messages, phone calls, and online dating platforms, using spoofed trading websites to execute the scams. Funds were routed through U.S. shell companies, cryptocurrency wallets, and international bank accounts—with roughly $36.9 million ultimately flowing to the Bahamas’ Deltec Bank, converted to USDT, and transferred by Cambodian associates. The case identified 174 U.S. victims. Source: The Block

On January 28, Nifty Gateway—Gemini’s NFT platform—announced in a shutdown update that it will permanently host metadata and media files for certain NFTs. The platform noted most NFTs will be migrated to the decentralized storage network Arweave for long-term preservation, while a small number of NFTs minted in 2021 or earlier will have their metadata permanently tied to Nifty’s own servers, which the platform will continue to host indefinitely. Additionally, Nifty Gateway has extended the NFT withdrawal deadline to April 23 (90 days from the update) and is developing a batch withdrawal tool to let users withdraw multiple NFTs at once. (Source: The Block)

Jan 28 — Morgan Stanley has named Amy Oldenburg, a 20+-year veteran at the bank, as head of its newly created Digital Asset Strategy. Oldenburg previously led the firm’s Emerging Markets Equity Business. The appointment follows the bank’s recent filing to list spot Bitcoin and Solana ETFs, plus its plan to launch a proprietary digital wallet later this year. Separately, Morgan Stanley is expanding its team across digital asset-related roles, including portfolio governance and compliance consulting for crypto and digital assets functions. (Source: The Block)

Chicago Mercantile Exchange (CME) issued a notice on January 27 local time (made public on January 28) to adjust margin (Outright Rates) parameters for select silver, platinum, and palladium futures contracts. For certain silver contracts, the new margin ratio will be higher than the previous level—around 11% of the nominal value. The updated standards will take effect after the close of trading on January 28 local time. Notably, the notice does not include any gold-related contracts. (Source: FXStreet)

Jan 28: US Dollar Index (DXY) Falls Below 96, Hits Feb 2022 Low The DXY, pressured by a string of macroeconomic factors, dipped below 96 on January 28, last trading at 95.886 — a fresh low not seen since February 2022. Crypto Market Rebound Extends: - Bitcoin (BTC): Breaks $89k, last at $89,381.05 (+1.52% 24h) - Ethereum (ETH): Tops $3k, last at $3,031.08 (+3.2% 24h) - BNB: Crosses $900, last at $900.08 (+1.64% 24h) - Solana (SOL): Last at $127.41 (+1.91% 24h) (Note: Uses American English conventions like "$k" for thousands, concise verbs ("tops/crosses/breaks"), and clear, scannable formatting typical of U.S. financial news alerts.)

On January 28, Moonbirds unveiled its BIRD tokenomics. The total BIRD token supply is 1 billion, with 65% earmarked for the community. Of that total: - 27% goes to Birb and Friends for community strengthening - 25% to investors and advisors - 12% for ecosystem partner expansion and growth - 10% for value chain incentives - 10% to the team - 8% as development reserves - 8% for liquidity This rewrite uses natural, concise phrasing common in U.S. crypto/tech news, replaces repetitive "allocated to" with tighter verbs (goes to/earmarked for), and structures the allocation list for readability—aligning with American audience preferences for clear, scannable content.