U.S. December Core PCE Price Index MoM 0.2%, Expectation 0.20%

On January 31st, Coinbase made an announcement regarding the acquisition of the on-chain advertising platform Spindl. The aim is to rebuild the advertising technology stack on-chain in order to tackle the on-chain discovery problem encountered by builders. Spindl was founded by Silicon Valley veteran Antonio Garcia-Martinez ("AGM"). He was an early member of the Facebook advertising team and was responsible for launching Facebook's first keyword targeting, audience targeting, and the Facebook programmatic ad exchange platform FBX. His subsequent career in the tech field led him to the crypto space. In 2022, he founded Spindl, concentrating on addressing the on-chain distribution issues that many builders are currently facing.

On January 31st, according to HTX market data, Bitcoin briefly surpassed $106,000, with a 0.02% increase in the past 24 hours.

On January 31st, the USDC Treasury burned approximately 50 million USDC on the Ethereum chain about 1 minute ago.

On January 31st, the member of the Executive Board of the European Central Bank, Villeroy de Galhau, stated that by this summer, the inflation rate should be able to sustainably remain around our 2% target. (Xinhua)

On January 31st, the New York Stock Exchange-listed company Genius Group declared a rights issue to its shareholders. The net proceeds from this rights issue will be exclusively used to purchase Bitcoin, with an expected income of up to $33 million. Additionally, the company plans to seek an additional $22 million in loan financing. If both the rights issue and the loan financing are successful, Genius Group's Bitcoin reserves will rise from $45 million to $100 million.

On January 31st, FTX reached a settlement with the venture capital firm K5 Global, resolving the lawsuit that FTX had filed in June 2024. FTX indicated that both parties would collaborate to maximize the recovery for FTX stakeholders. FTX's Chapter 11 bankruptcy court-approved reorganization plan became effective on January 3, 2025, and it is expected that the initial distribution will be completed within 60 days.