A whale withdrew 1,000 BTC from OKX in the past 17 hours

January 28th — Per monitoring from HyperInsight (https://t.me/HyperInsight), "Buddy" Huang Licheng deposited ~$225,000 into Hyperliquid overnight and this morning. He has since added to positions using those funds plus unrealized profits, accumulating 2,450 ETH long positions worth ~$7.35 million today. Following this move, his 25x-leveraged ETH long position has jumped from 2,800 to 5,250 ETH (valued at ~$15.77 million). He currently holds ~$300,000 in unrealized profits (49% gain), with an average entry price of $2,944.71 and a liquidation price of $2,716.71. The trader previously profited from blue-chip NFT trades but has seen significant drawdowns since becoming active in October this year, shrinking his account size from over $100 million.

On January 28, per Onchain Lens monitoring data, a crypto whale known as "Einstein" withdrew 3 million USDC from Lighter, deposited the funds into HyperLiquid, and purchased 90,780 HYPE tokens at a price of $33.05 apiece.

On January 28, Hong Kong Legislative Council’s Financial Affairs Committee announced it will host a briefing on January 30, where Hong Kong’s Financial Services and the Treasury Bureau will deliver a policy update. Christopher Hui, Secretary for Financial Services and the Treasury, and Alan Lo, Deputy Secretary, will attend the session. Per official documents: To advance the sustainable, healthy growth of Hong Kong’s digital asset industry and solidify its standing as an international financial hub, the government will submit legislative proposals to the Legislative Council this year. These proposals aim to implement the Financial Action Task Force (FATF)’s cryptocurrency reporting framework and common reporting standards. The end goal is to automatically exchange tax information tied to cross-border crypto transactions with other tax jurisdictions starting in 2028—targeting cross-border tax evasion and boosting global tax transparency. The government is currently seeking public

On January 28th, Ethereum co-founder Vitalik Buterin told ForesightNews in an interview that SocialFi is currently in a rather awkward state. The biggest structural challenge is that when social and financial elements are too tightly linked, financial incentives often backfire and overshadow social ones. When users stop coming for quality content and instead focus on making money, they’ll start churning out tons of junk information to maximize their gains. This is a dangerous sign — the financial attribute is eroding the core of social interaction.

On Jan. 28, Farcaster founder Dan Romero took to social media to answer the question: "What’s something you couldn’t disclose before the acquisition but can share now?" His response: "I wanted to issue a token for Farcaster, but the right timing never came."