Gate.io Launches INIT Perpetual Contract Pre-trading

Jan 29 — The Central Bank of the UAE (CBUAE) has formally greenlit USDU, the country’s first U.S. dollar-pegged stablecoin approved under the Payment Tokens Service Provider Regulatory Framework (PTSR). Issued and overseen by crypto firm Universal Digital (regulated by the Abu Dhabi Global Market’s Financial Services Regulatory Authority, FSRA), USDU is backed 1:1 by reserves held in segregated accounts within the UAE. Partner banks include Emirates NBD, Mashreq, and Mbank. Digital asset infrastructure firm Aquanow has been tapped as the global distribution partner, enabling compliant institutional use of USDU outside the UAE. Officials note this marks the first launch of a U.S. dollar stablecoin under a central bank-led payment regulatory framework, placing the UAE ahead of the U.S., EU, and most Asian economies in stablecoin regulatory advancement.

On January 29, HyperInsight monitoring revealed a whale opened a 40x leveraged long position on 200 BTC at 13:34, with an average entry price of $88,281.5. The position is currently slightly in the red. This address exhibits a high risk appetite, excels at both long and short strategies, and posts monthly profits despite significant daily volatility.

As of January 29, OnchainLens data indicates the newly created wallet address **0x0E4F3ed5B2A3dB2A2940c638418530e9f5c4927E** has withdrawn another 450 XAUT from Bybit—valued at roughly $2.51 million. The whale address now holds a total of 1,250 XAUT, with an approximate combined value of $6.98 million.

January 29 — Cere Network, a decentralized data cloud platform, is facing new legal scrutiny. A recent complaint filed in San Francisco federal court accuses co-founder Fred Jin, his family and board members of orchestrating a pump-and-dump scheme during the 2021 token public offering, illegally siphoning investor funds and seeking up to $100 million in damages. Plaintiff Vivian Liu— a Cere employee and investor— alleges Jin promised his and early investors’ tokens would remain locked for months post-launch. In reality, Jin and his associates secretly dumped over $41 million in CERE tokens across multiple exchanges right after the token went live, then transferred the funds to personal wallets. This marks Cere’s second lawsuit this month. On January 13, co-founder Kenzi Wang sued Jin and the board on the company’s behalf in Delaware Chancery Court, claiming systematic misappropriation of over $58 million in company assets— disguised via fraudulent accounting, shell entities and w

Binance Alpha will delist the following tokens, per an official announcement dated January 29: WIZARD, SHOGGOTH, G, FWOG, UFD, BRIC, UPTOP, PORT3, XNAP, MORE, BOMB, BOOST.

On January 29, Blockworks analyst Shaunda Devens took to social media to state that Hyperliquid has quietly secured the deepest top-tier order book liquidity in the crypto market. Within ±1 basis point (bps) of the mid-price, Hyperliquid’s BTC order book depth reaches $3.1 million—outpacing Binance’s $2.3 million. A similar dynamic plays out in the HIP-3 silver market: at the tightest spread, Hyperliquid’s order book depth stands at $33,000, versus Binance’s $24,000.