Binance Launches Infinex (INX) USDT-Margined Perpetual Contract

On January 31, He Yi posted a photo with Star, founder of OKX, on social media and shared the following: “I believe a company succeeds not by attacking others, but by addressing its own weaknesses. In December, I discussed poaching talent with Star at an F1 circuit—he told me to poach freely. Star never asked about 1011, but lately he’s been enthusiastically sharing his views on Binance everywhere, which has brought more attention to us. That might just be his way of showing enthusiasm.”

Onchain Lens monitoring shows the address linked to 0xSun deposited 2 million USDC into HyperLiquid at 9:00 a.m. Beijing time today and opened a 4x-leveraged long position on SILVER via trade.xyz.

On January 31st, Onchain Lens data shows a trader turned $2,021 into $1.14 million in just two days trading the MOLT token. The trader initially bought 12.4 billion MOLT tokens at 0.68 TEH each—equivalent to roughly $2,021. Those holdings are now valued at $1.14 million, marking a 563x return on investment (ROI).

On January 31, a JPMorgan analyst noted Bitcoin futures are in oversold territory, while gold and silver futures have entered overbought territory—driven by investors shifting from Bitcoin to precious metals, both retail and institutional. Led by Managing Director Nikolaos Panigirtzoglou, JPMorgan analysts said in a Wednesday report that for much of 2025, retail investors pursued the so-called “debasement trade,” buying Bitcoin and gold ETFs simultaneously. That trend shifted around August: cumulative Bitcoin ETF inflows stalled and turned to net outflows in Q4 2025. Over the same period, gold ETF inflows surged, with nearly $60 billion in net inflows for the full year. Silver ETF inflows were concentrated in Q4 2025—coinciding with Bitcoin ETF outflows—signaling retail funds moving from Bitcoin to precious metals. Institutional behavior reinforced this shift. Using JPMorgan’s Institutional Futures Positioning Proxy (estimated from CME futures open interest changes), analysts

**January 31 Update** Binance CEO Changpeng Zhao (CZ) fielded questions from community members on social media Wednesday, addressing two key topics: 1. **OKX Order Issues**: When asked about reports that OKX users faced order-placing problems during extreme market conditions, CZ noted he’s willing to help OKX founder Star. “I’m focused on growing Binance right now,” he added, “but OKX has solid product capabilities—we even poached one of their product managers.” 2. **Oct 11 Flash Crash**: Responding to Wintermute founder Evgeny Gaevoy’s comment that blaming the Oct 11 flash crash on a single exchange is irrational, CZ said: “Binance-based whales have a clearer picture of what went down when the market pulled back, and they’re more authoritative on the facts.”

On January 31, Bitwise Chief Investment Officer Matt Hougan noted in an interview that he expects Bitcoin could reach $6.5 million over the next 20 years. Kevin Walsh’s nomination to the Federal Reserve is seen as incrementally positive for markets. A “fake bear market” may materialize in 2025, while Bitcoin is projected to trade in the $75,000-$100,000 range in the first quarter. Additionally, central banks globally could hold more Bitcoin than gold reserves.