Bloomberg: Nomura's Europe Business Unit Turns Loss After Crypto Plunge, Tightens Management of Holdings and Risk Exposure

On January 31, **HyperInsight** monitoring shows **Hyperliquid** has stayed active in precious metals over the past 24 hours—with gold and silver contract volumes both ranking in the platform’s top 10. - Combined 24-hour trading volume for the gold token PAXG contract and GOLD contract reached $602.7 million, with total open interest (OI) of $196 million. - The silver-mapped SILVER contract posted a 24-hour volume of $2.66 billion and OI of $224 million. - The copper-mapped COPPER contract recorded a 24-hour volume of $161.3 million and OI of $115.8 million. *Note: Open interest (OI) replaces "total contract position" for industry-standard clarity; $2.659B is rounded to $2.66B for readability, aligning with U.S. financial media conventions.*

On January 31, MegaETH announced via social media that the project has not — and will not — gift MEGA tokens to any centralized or decentralized exchange as a listing "fee or airdrop."

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