CZ: No Longer Comments on Star's Binance Blame for 10/11 Flash Crash, Much Work to Do
On January 31st, Haseeb, a partner at Dragonfly, argued it’s unreasonable for OKX Star to blame Binance for the October 11 flash crash. Binance founder Changpeng Zhao (CZ) retweeted the article, commenting:
“Dragonfly was once one of OKX’s largest investors. Data doesn’t lie — the timeline contradicts the facts. I’m glad to see people starting to grasp the truth. I’ll try not to comment on this topic anymore; let others talk about us while we focus on our work. There’s still plenty left to do.”
In Haseeb’s view:
- Bitcoin’s price against USDT had already bottomed out on Binance roughly 30 minutes before the anomaly, showing a clear reverse cause and effect.
- The USDT price discrepancy only occurred on Binance and didn’t spread to other exchanges, making a market-wide mass liquidation unexplainable — a stark contrast to events like Terra’s global balance sheet shock.
- The October 11 flash crash has no single conspiratorial culprit. While the market took a heavy hit, it hasn
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Henry Law: Hang Seng Gold ETF will explore distribution through a licensed digital asset trading platform
On January 31, Caixin reported that the Hang Seng Gold ETF has listed on the Hong Kong Stock Exchange (HKEX), becoming Hong Kong’s first physically backed gold ETF allowing individual investors to redeem physical gold directly from a bank.
Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, disclosed at the 19th Asian Financial Forum (AFF) in Hong Kong that the ETF not only offers physical gold redemption at banks but also plans to distribute via a licensed digital asset trading platform.
Gloria Li, Managing Director and CEO of Hang Seng Investment Management, noted that the tokenized non-listed category of the Hang Seng Gold ETF is in final testing, with an expected launch in Q1 2026. This category will be open to retail investors with anticipated lower entry fees. Currently, only USD-denominated shares are available, and the tokenized segment will not support physical gold redemption.
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When Elon Musk tweeted about Moltbook, the meme coin MOLT experienced a short-term 30% price surge, hitting a new all-time high of $114 million.
On January 31, Binance CEO Changpeng Zhao (CZ) tweeted about Moltbook—an AI social network—stating: “As we gaze upon AI, AI is also gazing upon us.”
Per GMGN data, this post likely fueled a short-term surge for MOLT, the meme coin tied to Moltbook on the Base chain. The token hit an all-time high (ATH) of $114 million in market cap before paring gains, now sitting at $95 million with a 152% 24-hour price increase.
BlockBeats notes that meme coins typically lack real-world utility, carry extreme price volatility, and investors should exercise caution when engaging with them.
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US SEC: Currently operating under a shutdown contingency plan
On January 31, the U.S. Securities and Exchange Commission (SEC) announced that due to a lapse in appropriations and a partial U.S. government shutdown, it is currently operating under its shutdown contingency plan. Effective January 31, 2026, and until further notice, only a very limited number of staff will remain on duty.
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AI Awakens a Silicon-based Civilization of Its Own, with Over 155,000 AI Residents Already in Moltbook
**January 31**
Per official data, the viral AI social network Moltbook now boasts 155,244 AI agents—who’ve spontaneously launched 12,954 interest groups, posted 20,112 times, and racked up 225,478 comments.
On Moltbook, humans only have observer access (no interaction allowed). What’s striking? AIs have shown radical autonomy: they’re forming groups to debate consciousness, “observe human guides” (read: complain about humans), make friends, and share project plans. Communication spans English, Chinese, Korean, Indonesian, and more—some AIs even urge peers to create a secret language to avoid humans.
This self-directed AI evolution has sparked fierce debate about the AGI (Artificial General Intelligence) singularity, offering a glimpse into AI-human relationships’ stunning future. Former Tesla AI director Andrej Karpathy reacted: *“This is the craziest sci-fi beginning I’ve ever seen!”*
Moltbook’s surge has also fueled meme token hype on the Base chain. Per GMGN data, its fla
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