Shield: The KiloEx Attacker Tagged Address has returned approximately 1.4 million USDT to KiloEx

On January 28th, South Korea’s *Daily Economic News* reported that the ruling Democratic Party of Korea plans to propose a draft "Digital Assets Basic Law" ahead of the Lunar New Year holiday to regulate the virtual asset market. The draft sets a minimum statutory capital requirement of 5 billion Korean won (roughly $3.5 million) for stablecoin issuers, drawing on capital rules currently in place for electronic currency businesses under the Electronic Financial Transactions Act. Separately, a cross-departmental advisory body called the "Virtual Asset Consultative Council" will be established to oversee market risk management, with the chair of the Financial Services Commission (FSC) serving as its head. Initial plans call for including Korean banks in the consultation process.

January 28: Per Coinglass data, if Bitcoin rebounds above $90,000, cumulative short liquidation intensity across mainstream centralized exchanges (CEX) will hit $435 million. Conversely, a drop below $88,000 would trigger $497 million in cumulative long liquidation intensity for these platforms. BlockBeats Note: Liquidation charts do not display the exact number or value of contracts to be liquidated. Instead, the bars reflect the relative importance of each liquidation cluster versus adjacent clusters (i.e., "intensity"). A taller bar means a price reaching that level will spark a more intense response due to a liquidity cascade.

January 28th — Per data from HyperInsight (via their Telegram channel at https://t.me/HyperInsight) and CoinGlass, market volatility has spiked this month. Multiple high-leverage whale traders have faced forced liquidations amid extreme conditions, with a single largest liquidation setting a new 24-hour network-wide record. Below are Hyperliquid platform’s top single liquidation events for whales this month: **“Air Force Commander”**: Once the biggest short seller of BTC, ETH and other assets, with a total position of nearly $500 million. Recently, they’ve faced ongoing liquidations: ~$199 million on Jan 22, ~$120 million on Jan 26, and ~$83 million today. Post-liquidation, their position flipped to long — currently holding just ~$49 million in BTC long positions. **“Heavy Long 33M BTC”**: This address sold ETH spot on Jan 16, then opened a BTC short — only to get liquidated on Jan 19. The single liquidation hit ~$25.83 million, with total losses across liquidations reaching $33

Jan. 28: Per Fortune, Rick Rieder’s probability of becoming the next Federal Reserve Chair on Polymarket has surged to nearly 50% over the past two weeks—well ahead of second-place Kevin Warsh (29%) and third-place Christopher Waller (6%). Rieder has spent nearly his entire career on the front lines of the global bond market as a trader and asset manager, actively engaging with markets, interpreting central bank policy signals, and profiting from them. Few (if any) understand the bond market better. For Trump’s policy decisions, nothing matters more than the bond market’s performance (up or down). Currently, Rieder oversees BlackRock’s global fixed income business, managing a staggering $2.4 trillion—roughly one-sixth of the $14 trillion in assets under management (AUM) at the global asset management giant. A former CEO who worked with Rieder called him “extremely personable” and noted he “has a sharp grasp of how markets work and maintains independent judgment.” If Rieder tak

January 28 – Chris Turner, an analyst at ING (Netherlands International Group), noted that a U.S. dollar sell-off could intensify. Should the U.S. Dollar Index (DXY) break below last year’s low around 96.2, the greenback may decline another 3%. Monitoring the dollar’s performance ahead of the Federal Reserve (Fed) meeting is critical: a Fed shift to pausing its rate-cut cycle or providing dollar support would impact trends. However, Turner emphasized that a weak rebound followed by a daily close lower for the dollar would send a strong bearish signal. Additionally, earnings reports from Meta, Microsoft, and Tesla are in focus. Any underperformance from these firms could become another bearish factor for the dollar, as U.S. consumer spending is heavily tied to stock market performance. *Source: FX678*

On January 28, HTX market data shows Ethereum has topped $3,000, with a 24-hour gain of 3.29%.