After the release of the US PCE data, traders still expect the Fed to cut rates in June.

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.

Update as of January 31st. Based on Onchain Lens monitoring, a trader (possibly an insider) utilized 22.5 SOL coins ($5,332) to purchase 7.75 million Meme coin GANG. Subsequently, this trader sold all the GANG coins and received 5,707 SOL coins, which is worth $1.35 million. As a result, a profit of $1.35 million was achieved. Currently, the price of the GANG token has declined by approximately 90% from its all-time high.

Alert. On January 31st, based on HTX market data, Ethereum has exceeded $3,400 and is currently trading at $3,402.

On January 31st, Federal Reserve's Gursbi stated that, in terms of the issue of Bitcoin reserves, the Federal Reserve is legally restricted and is unable to add such assets to its balance sheet. (Xinhua News Agency)

On January 31st, based on Boyco website data, the TVL of Berachain's incentivized staking deposit vault has reached 2.3 billion US dollars.

BlockBeats previously reported that on December 25th. According to official sources, Berachain announced the launch of its incentivized Boyco Market Deposit Vault in collaboration with Concrete, Lombard, and StakeStone, offering users the chance to maximize rewards before the Bera mainnet becomes live.

On January 31st, as per an official announcement, the Berachain Foundation has set up the BGT Foundation. This is an independent entity that represents the collective interests of BGT (Bera Governance Token) holders and acts on their behalf. The BGT Foundation will boost the growth of PoL (Proof of Liquidity), with a particular emphasis on the stability and security of the Berachain protocol. BGT is actually a "fair launch" token distributed in accordance with Berachain's PoL mechanism to liquidity providers (LPs) and validators/stakers. This ensures that individuals who contribute to the network can directly obtain rewards. This distribution mechanism not only motivates participants from the very beginning but also assists in building a robust liquidity foundation that benefits a wider community as the ecosystem expands. Additionally, as BGT gradually becomes decentralized within the network, it promotes a decentralized governance structure that aligns incentives among various stakeh