A whale is currently engaged in a synchronized short of 24.33 BTC and 736.46 ETH

On January 30, former Coinbase CTO and angel investor Balaji Srinivasan said signs of a fiat currency crisis have emerged. He noted physical gold is vulnerable to government seizure (as seen in the 1933 Roosevelt Order), while digital gold like Bitcoin has a confiscation-resistant edge thanks to its fungibility and programmability. In his article, Balaji pointed out BRICS nations’ gold reserves have surged sharply since the 2008 financial crisis, signaling an Eastern shift toward tangible assets—but he argued the internet will replace dollar-dominated Keynesianism with digital assets. He concluded that for people in sovereign debt crisis-stricken countries across North America and Western Europe, gold isn’t necessarily the best hedge asset; Bitcoin is a worthwhile hedging option to consider.

On January 30, Bloomberg reported that Nomura Holdings said its European digital asset subsidiary, Laser Digital Holdings, is cutting cryptocurrency risk exposure. Nomura Chief Financial Officer Harumi Moriuchi noted during an earnings briefing that Laser Digital posted losses in the October-December 2025 period (Q3) due to market volatility, and is now reducing risk via strict portfolio management. Moriuchi emphasized Nomura’s commitment to digital asset-related business remains unchanged, with plans to expand the business over the medium to long term.

On-chain data as of January 30 shows the loan-to-value (LTV) ratio of the primary wallet of Bhutan’s sovereign wealth fund Druk Holdings on Aave briefly fell below 1.2, and is now reported at 1.22. Between January 19 and 20, an address linked to Bhutan’s sovereign wealth fund took a leveraged long position on ETH. As of press time, the address holds a total of 116,560 stETH, with an unrealized loss of approximately 15% relative to its cost basis. All of this stETH is currently deposited on Aave: the primary wallet holds 104,000 stETH (valued at roughly $2.84 billion) and has a loan amount of 200 million USDT. Additionally, an address associated with the Bhutanese government has just transferred 100.82 BTC (worth around $8.31 million) to QCP Capital’s address.

January 30 — Silver plunged 14.16% in a single day today, marking its second-largest historical drop, only behind the 1980 “Silver Thursday” crash when prices collapsed 50%-63% amid the Hunt Brothers’ manipulation unraveling. Renowned trader and chart analyst Peter Brandt — who correctly predicted the 2018 Bitcoin crash — flagged silver risks in a post yesterday. This morning, he doubled down on warnings about hype-fueled surge risks for the metal. He noted Comex trading volume this week hit 4.3 billion ounces, equal to 5.2 years of global silver production, which likely reflects miners hedging positions rather than purely demand-driven activity. Brandt emphasized mining firms will lock in profits at elevated prices, potentially spurring oversupply.

On January 30, blockchain analytics firm Onchain Lens reported that the Bhutanese government’s crypto address has transferred 100.82 BTC (valued at approximately $8.31 million) to QCP Capital’s address, with potential for additional transfers in the future.

Per official sources, Binance will launch trading of MEGA (MegaETH) perpetual contracts at 20:15 Beijing time on Jan. 30, with support for up to 5x leverage.