Crypto Market Fear Subsides Significantly, Today's Fear and Greed Index at 45

On January 29, Maotai Group denied market rumors that it participated in SpaceX’s Series A financing for the rocket maker’s upcoming IPO, calling the reports “false information,” according to the Shanghai Securities News. Data from Bitget shows A-share liquor stocks surged across the board in afternoon trading, with multiple stocks hitting daily limits. Maotai Group rose 8%, pushing its total market capitalization above 1.8 trillion yuan. Earlier reports noted Elon Musk’s SpaceX is preparing for what could be one of the largest IPOs in history, with preparations possibly kicking off as early as this year. Currently, the company is conducting a secondary market trading round, with an overall valuation of around $800 billion.

On January 29, per HTX market data, Venus Protocol’s governance token XVS saw a flash crash—plunging from $5.3 to a low of $2.97, currently trading at $3.48 after briefly dropping over 30% in the past hour.

January 29th – EmberCN monitoring reveals a whale that bought 532,000 XVS ($2.81M) via flash loans on Venus two days ago was liquidated during XVS’s flash crash 1 hour ago, selling 287,000 tokens ($930k). After the liquidation, the whale’s position remains highly risky with a health factor of 1.07. If XVS continues to fall below $3.20, the position will face another liquidation.

Jan. 29 — Analyst Murphy noted that Bitcoin’s gold-to-BTC exchange ratio has dropped from 41 to 15 in the current cycle. In the last Bitcoin bear market bottom, this ratio hit a low of 9. Murphy believes that amid gold’s recent market frenzy, this 9 level is expected to retest soon. Capital will eventually reaffirm BTC’s cost-effectiveness, and that moment is drawing nearer by the day.

**January 29** — Per GMGN monitoring, Solana meme coin BP saw a short-term market cap surge, hitting a peak of $14 million before settling at $13.5 million currently. Its price stands at ~$0.014, marking a 702% 24-hour gain. The key catalyst for the rally? Keith Gill’s brother, Kevin Gill, who publicly confirmed on Instagram that his pet dog is named “Puppy”—sparking a second leg up in price. This morning, a new account allegedly linked to Keith Gill (Barking Puppy, X: @BPuppy80020) posted related images, triggering community FOMO and pushing BP’s market cap to a brief $10 million high. The account went active shortly after BP’s mint, and Kevin added a link to it in his Instagram bio a week ago. The community views this timeline as a “deliberate setup,” fueling further market excitement. Keith Gill (X: @RoaringKitty) is a prominent U.S. retail investor and social media influencer, best known for leading GameStop’s ($GME) 2021 short squeeze rally. **BlockBeats Note**: Meme c