US Stock Futures Dive Further

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

Deribit released its options expiry data on January 29. Over $9.5 billion worth of cryptocurrency options expired at 4:00 PM Beijing Time (UTC+8) on January 30. Bitcoin (BTC) options made up $8.27 billion of the total, with a put/call ratio of 0.54 and a maximum pain point of $90,000. Ethereum (ETH) options totaled $1.27 billion, boasting a put/call ratio of 0.74 and a maximum pain point of $3,100.