Huang Renxun has left Beijing, and NVIDIA has not disclosed whether Huang Renxun met with the DeepSeek founder.

**January 29** — Per GMGN monitoring, Solana meme coin BP saw a short-term market cap surge, hitting a peak of $14 million before settling at $13.5 million currently. Its price stands at ~$0.014, marking a 702% 24-hour gain. The key catalyst for the rally? Keith Gill’s brother, Kevin Gill, who publicly confirmed on Instagram that his pet dog is named “Puppy”—sparking a second leg up in price. This morning, a new account allegedly linked to Keith Gill (Barking Puppy, X: @BPuppy80020) posted related images, triggering community FOMO and pushing BP’s market cap to a brief $10 million high. The account went active shortly after BP’s mint, and Kevin added a link to it in his Instagram bio a week ago. The community views this timeline as a “deliberate setup,” fueling further market excitement. Keith Gill (X: @RoaringKitty) is a prominent U.S. retail investor and social media influencer, best known for leading GameStop’s ($GME) 2021 short squeeze rally. **BlockBeats Note**: Meme c

Deribit released its options expiry data on January 29. Over $9.5 billion worth of cryptocurrency options expired at 4:00 PM Beijing Time (UTC+8) on January 30. Bitcoin (BTC) options made up $8.27 billion of the total, with a put/call ratio of 0.54 and a maximum pain point of $90,000. Ethereum (ETH) options totaled $1.27 billion, boasting a put/call ratio of 0.74 and a maximum pain point of $3,100.

January 29th — Per GMGN’s monitoring, the meme coin BULLA on the BNB Smart Chain (BSC) has seen a sharp surge since 11:00 a.m. local time today. Its market cap jumped from a low of roughly $31 million to a peak of $74 million. At press time, the token’s market cap stands at approximately $62.6 million, with a current price of ~$0.062. It has posted a 96% 24-hour gain, with total trading volume hitting ~$18.3 million over the period. BlockBeats advises users that meme coin trading carries extreme volatility, is heavily tied to market sentiment and speculative hype, and lacks inherent value or practical use cases. Investors are urged to exercise caution amid these risks.

January 29 – Per monitoring from HyperInsight’s Telegram channel (@HyperInsight), the address “20 Million Bandit” (0x880a) has been expanding its gold long positions and XMR short positions over the past hour. Currently, the address uses 10x leverage to short $7.23 million worth of the Gold Token (GOLD) at an average entry price of $5,287.54, with an unrealized loss of $318,000. For XMR, it holds a short position of 21,399.447 tokens (5x leverage) at an average entry of $523.02, posting an unrealized gain of $1.032 million. This address follows an aggressive trading style and is now the largest XMR short holder on Hyperliquid (https://app.hyperliquid.xyz/join/NTOD). Specializing in short-term trades with high leverage, it has accumulated total profits of $92.27 million across its trading history.

On January 29th, per monitoring from HyperInsight (via https://t.me/HyperInsight), a whale opened a short position of 2,200 ETH at 16:49 using 25x leverage, with an average entry price of $2,950.69. The position is currently slightly in the red. This address has recently been active in large fund transfers, maintains short holding periods, and has generated a monthly profit of $2.64 million.

Jan 29 – The U.S. Dollar Index (DXY) has dropped 10% over the past year, but Bitcoin has failed to follow its typical pattern of rising alongside a weaker dollar, instead falling 13% in the same period. Strategists at JPMorgan Private Bank note current dollar weakness stems primarily from short-term capital flows and market sentiment—not shifts in growth or monetary policy outlooks. U.S. dollar interest rate spreads have actually supported the greenback since the start of the year, keeping Bitcoin from acting as a typical dollar hedge. JPMorgan analysts add that since markets don’t view the current dollar decline as a lasting macro shift, Bitcoin remains a liquidity-sensitive risk asset rather than a reliable store of value. By contrast, gold and emerging market assets have emerged as more direct beneficiaries of dollar diversification.