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LayerZero CEO: Reached Settlement Agreement with FTX Estate, Original Repurchase Funds Returned to FTX Estate

3 hours ago

On January 31st, Bryan Pellegrino, the CEO of LayerZero, announced on social media that after more than two years and spending millions of dollars on legal fees, "We have reached a settlement agreement with the FTX estate." In the end, we have determined that this is not about us versus FTX. Although we felt fully justified in taking that stance, it is about us versus our creditors. The original repurchase amount has been returned to the FTX estate. I am pleased that I no longer have to have frequent calls with lawyers and can focus all our energy on building.
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DWF Labs Co-Creation: The next stage of convergence between traditional finance and cryptocurrency should allow customers to tokenize RWAs

On January 31st, Andrei Grachev, a co-founder of DWF Labs, posted on social media, "I think the next stage of the convergence between traditional finance and cryptocurrency should be to offer a solution that enables customers to tokenize real-world assets (RWA) and utilize them as collateral for crypto transactions, and vice versa. Commodities, real estate, and stocks appear to be the most suitable initial choices."

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Australia's Monochrome Spot Bitcoin ETF Holdings Reach 308 BTC

January 31st. Based on official data, the Monochrome Physical Bitcoin ETF (IBTC) based in Australia held 308 BTC as of January 30th.

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The notional value of $8.38 billion BTC and $1.96 billion ETH options contracts is set to expire and settle today.

On January 31st, the analyst Adam from Greek.live posted on social media and said, "Today, 80,000 BTC options will expire and settle. The Put Call Ratio is 0.68, and the maximum pain point is $98,000 with a nominal value of $8.38 billion. 603,000 ETH options will also expire and settle today. The Put Call Ratio is 0.43, the maximum pain point is $3,300, and the nominal value is $1.96 billion." This week, the market has been relatively calm, mainly focusing on digesting the trading impact of Trump over the past three months. The monthly expiration volume accounts for nearly 30% of the total open interest. After the settlement, the open interest of quarterly options expiring at the end of March reaches 50%. Trump's presidency not only failed to bring the expected large influx of funds to the crypto industry but also led to market weakness due to meme issuance and slow policy releases. However, in the long term, there are still many bullish factors to look forward to. The Federal Reser

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The Fed's Preferred PCE Inflation Data, favored by the Federal Reserve, will be released tonight at 9:30 PM.

On January 31st, the Federal Reserve's "preferred" inflation indicator, the Core PCE Price Index, will be released tonight at 21:30. (Kryptonian)

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Upbit will list VIRTUAL's KRW, BTC, and USDT trading pairs

January 31st. As per an official announcement, Upbit is going to list VIRTUAL trading pairs in KRW, BTC, and USDT.

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Jupiter Founder: JUP Voting Season to Commence Soon

On January 31st, the founder of Jupiter, Meow, announced on social media, "The JUP voting season will be reopening soon, and I am extremely excited to initiate the voting."

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