Base-Ecosystem Meme Coin CLAWNCH Market Cap Surges Above $415 Million, Reaching an All-Time High

February 1 Hong Kong Financial Secretary Paul Chan Mo-po published an essay titled *Stay Prudently Optimistic and Forge Ahead* in a recent blog post. He noted that global market turbulence has sparked intense international capital flows—even so-called safe-haven assets have seen price corrections after repeated record highs. For example, gold prices surged over the past four years, then jumped nearly 30% in January this year, approaching the historical high of $5,600. However, prices have pulled back sharply in recent days, dropping more than 12% from their peak. Paul Chan added that Hong Kong’s financial system has operated stably and smoothly, with total bank deposits exceeding HK$19 trillion. Amid rapidly shifting global political and economic conditions, risks and volatility in the coming year will remain significant.

On February 1, LookOnChain monitoring data shows that Erik Voorhees, founder of Venice.ai, created two new wallets and invested 1.72 million USDT to purchase 355 XAUT at an average price of $4,842.

On February 1, per Coinglass data, total crypto liquidations on January 31 hit $25.615 billion—marking a new daily record since the "1011" crash. Short liquidations totaled $1.547 billion, while long liquidations reached $24.068 billion.

February 1st, LookOnChain monitoring data shows the BTC OG insider whale topped Hyperliquid’s profit leaderboard during the “1011” flash crash, raking in over $142 million in profits. But after a massive long position liquidation this morning, its cumulative historical losses have exceeded $128 million, landing it at the top of the loss leaderboard.

On February 1st, a whale deposited 3 million USDC into Hyperliquid and submitted spot market buy orders for HYPE in the $22-$28 range.

On February 1st, Cathie Wood—CEO of asset management firm ARK Invest—addressed investors’ confusion over "investment direction following the gold pullback." She stated: "Contrary to the current mainstream view, Bitcoin, Ethereum, Solana, and highly liquid assets may serve as strong diversification options. Since early 2020, the correlation between Bitcoin’s price and gold’s price has been extremely low—just 0.14. In Bitcoin’s past two bull markets, gold led Bitcoin’s rally."