GateNewsBot

On January 29, news, blockchain intelligence company TRM Labs released a new report stating that although the proportion of illegal activities in on-chain transactions continues to decline, the scale of cryptocurrency crimes measured in USD still rose to a record high in 2025, expected to reach $158 billion, a 145% increase from $64.5 billion the previous year.
Data shows that illegal transactions accounted for only 1.2% of the total on-chain transaction volume that year, down from 1.3% in 2024, and well below the peak of 2.4% in 2023. An independent forecast by Chainalysis also indicates that the relevant scale in 2025 is approximately $154 billion, accounting for less than 1%. This suggests that while the digital asset ecosystem is expanding, the proportion of illegal funds is being diluted.

January 29 News, Ethereum (ETH) once again fell below the $3000 mark, with the current price hovering around $2940, down more than 14% from the previous peak of approximately $3400. Technical analysis shows that sellers have built a strong resistance zone above $3000, and the price still faces downside risks in the short term.
This round of correction occurs against the backdrop of intertwined macro and geopolitical factors. The Federal Reserve kept interest rates unchanged at this year's first policy meeting, while tensions in the Middle East have boosted risk aversion sentiment, putting pressure on risk assets. ETH subsequently broke below a key support level and officially confirmed a downward breakout from the symmetrical triangle pattern.

On January 29, news reports indicate that the year 2025 will see the largest new token issuance wave in the history of the crypto market, but the returns have disappointed investors. Multiple statistics show that most newly listed tokens struggle to maintain positive returns within a year, casting unprecedented doubt on the effectiveness of the traditional crypto investment strategy of “buy and hold.”
Data agency CryptoRank summarized that in 2025, tokens launched on different platforms have mostly experienced declines rather than gains. A leading platform launched 100 tokens within a year, of which 93 saw their prices fall, with a median investment return of only 0.22x; another similar platform launched 150 tokens, with 127 declining, and a median return of 0.23x; while a platform known for frequent listings launched nearly 900 tokens, but most also recorded losses. Even among relatively stable platforms, more than half of the new tokens failed to escape retracement. This indicates that token performance is more influenced by the overall market environment rather than by individual platform factors.

StandX launched gold and silver perpetual trading on January 29, enriching the ecosystem with $DUSD as collateral, allowing users to enjoy margin yields. Meanwhile, the maker point and maker uptime activities enhanced market depth and trading volume, with BTC market depth reaching 800 BTC and 24-hour trading volume surpassing $1 billion.

January 29 News, controversy has once again erupted within the U.S. Congress over cryptocurrency regulation. Six senators recently co-signed a letter to Deputy Attorney General Todd W. Blanche, questioning potential undisclosed conflicts of interest related to his efforts to reduce enforcement of U.S. digital assets.
The signatory senators include Elizabeth Warren, Mazie K. Hirono, Richard J. Durbin, Sheldon Whitehouse, Christopher A. Coons, and Richard Blumenthal. The letter states that Blanche, when issuing a memorandum titled "Ending Enforcement Through Prosecution" in April 2025, still held approximately $158,000 to $470,000 worth of crypto assets, mainly Bitcoin and Ethereum. The memorandum called for prosecutors to avoid taking action against platforms themselves and to focus enforcement on individuals using cryptocurrencies for criminal activities.

On January 29, news reports indicate that Pi Coin's price has recently continued to weaken, constantly declining amid a bearish market sentiment, and the current trend has approached a potential historical low. Multiple on-chain and technical indicators show that selling pressure still dominates, making it difficult to see any clear signs of stabilization in the short term.
In terms of capital flow, Pi Coin holders have recently accelerated their withdrawal pace. The Chaikin Money Flow indicator has fallen below zero and touched a six-week low, reflecting that outflows in the network are significantly higher than inflows. Meanwhile, the Money Flow Index has remained in negative territory for an extended period, and the volume-weighted sell-side advantage limits the space for price rebounds. Historical performance also suggests that when these types of indicators remain weak, Pi Coin often struggles to form an effective reversal.

January 29 News, cryptocurrency political funding is profoundly influencing the direction of U.S. policy. With less than a year until the midterm elections, the crypto industry has accumulated approximately $193 million in political funds. This force is pushing the White House to re-engage in digital asset legislation negotiations, with stablecoin regulation and crypto market structure becoming core focus areas.
The Cryptocurrency Political Action Committee Fairshake stated that its funding has nearly reached the total amount of the previous election cycle. Ripple, a16z, and the largest compliant CEX in the U.S. have all provided substantial support. The organization will continue to support candidates who favor the crypto industry and pressure opponents. Although funds have not yet been fully deployed, political influence is already evident.

Gate Live will launch the 2026 Spring On-Chain Gala from January 28 to February 28. During the event, there will be red envelopes, Koi benefits, and leaderboard competitions. Users can participate in grabbing red envelopes and competitions to win up to 88 USDT red envelopes and $888 GT Ultimate Red Envelope.

Gate Alpha will launch the 152nd GT Points Airdrop at 17:00 on January 29th, using a tiered model. Users can claim corresponding GT airdrop tokens based on the amount of Gate Alpha points they hold and spend a certain number of points. At the same time, the platform supports multiple popular public chains to enable seamless cross-chain transactions.

January 29 News, regarding whether the true utility of XRP is driven by "regulatory push" or "infrastructure evolution," the XRP Ledger (XRPL) community is engaging in a high-intensity discussion. The clash of different viewpoints is shifting the focus from price to practical implementation paths and regulatory feasibility.
According to reports, community member Alex Cobb believes that U.S. market structure legislation, especially the CLARITY Act, could open up greater opportunities for compliant use of XRP and serve as a significant external driver for expanding applications. In his view, policy certainty will enhance institutional participation and provide more stable regulatory expectations for on-chain assets.

OSL Group plans to issue approximately 104 million shares at HKD 14.9 per share on January 28, raising approximately HKD 1.55 billion. The offering price represents a 17.2% discount to the last trading day's closing price, resulting in a drop of over 5% in the stock price. The funds will be used for strategic acquisitions and global business expansion.

January 29 News, the Solana ecosystem meme platform Pump.fun announced the launch of a $3 million "Build in Public" hackathon, inviting executives and investors from multiple crypto institutions such as Polymarket, Delphi Digital, and Pantera Capital to serve as advisors. The program centers on the logic of "validate the market first, then bring in capital," encouraging founders to demonstrate product value through transparent development and genuine user behavior.
This event is open to teams at any stage, from concept prototypes to launched products. The official disclosure states that the application channel opened on January 19 and will close on February 18, with some projects potentially receiving funding support before the deadline. Pump.fun hopes to let truly promising projects stand out naturally by openly sharing product progress, user data, and market feedback.

Odaily Planet Daily reported that Scott Helfstein, Head of Investment Strategy at Global X, pointed out in a report that real interest rates may still be too high, which could prompt the Federal Reserve to cut interest rates again soon. "This leads us to believe that the Federal Reserve may remain more dovish than the market expects and could cut rates again as early as the first quarter," he said. Helfstein believes that the current market is likely driven by fundamentals, and the performance of the current earnings season has met higher expectations so far, with many companies reaffirming their guidance. (Gold Ten)

ChainCatcher News, according to Jinshi reports, Principal Asset Management Global Chief Strategist Hima Shaa stated that Federal Reserve Board Member Waller cast a dissenting vote against the Fed's decision to keep interest rates unchanged, solidifying his position as a contender for the Fed Chair. Shaa pointed out that over time, Waller's argument that policy needs to be closer to a neutral stance may gain more support, especially as signs of a cooling labor market become more conclusive and the downward trend in inflation continues.

Foresight News reports that, according to The Data Nerd monitoring, a certain whale still holds long positions in ETH, BTC, and SOL, despite an unrealized loss of approximately $46 million. Its ETH liquidation price is around $2,253.

According to Coinglass data, the whales on the Hyperliquid platform currently hold positions worth $5.631 billion, with longs accounting for 48.43% and shorts for 51.57%. The profit and loss for longs is -$158 million, while for shorts it is $209 million. The giant whale address is long ETH at a price of $3149.42, with an unrealized profit and loss of -$41.4454 million.

ChainCatcher消息，据金十报道，嘉信理财英国董事总经理理查德·弗林在一份报告中指出，除非通胀或劳动力市场动态出现实质性转变，否则美联储很可能将至少维持其数据驱动的方法直至 2026 年 5 月。他表示，这对美国货币政策而言是非同寻常的时期，货币独立性与财政权力之间的角力使美联储的机构信誉成为更尖锐的焦点。

Gate News Bot Message, January 29th, according to CoinMarketCap data, at press time, BULLA (Bulla) is trading at $0.07, up 107.15% in the past 24 hours, with a high of $0.07 and a low of $0.03. The current market capitalization is approximately $18.88 million, an increase of $9.7 million from yesterday.
## Market Drivers Analysis
Recent important news about BULLA:
1️⃣ **Feature Enhancement Promotes Recognition of Application Value**
The trading import tool launched by Bulla Networks makes crypto bookkeeping more convenient, providing users with a more comprehensive on-chain data management solution. This type of feature upgrade enhances the project's practicality, helps expand the user base, and encourages the market to reassess its fundamentals.
2️⃣

On January 29, news reports indicate that the likelihood of a government shutdown in the United States has significantly decreased over the past 24 hours. The latest forecasts show that market concerns about a government shutdown have rapidly cooled, with the related probability dropping sharply from the previous high of nearly 80%. Meanwhile, positive signals have been exchanged between Trump and Senate Democratic Leader Schumer regarding key funding issues, suggesting a potential easing of the tense political deadlock.
According to multiple sources, both sides have engaged in substantive negotiations to prevent an indefinite government closure. One of the core proposals is to separate the Department of Homeland Security's funding from the other six federal appropriations bills, in order to provide ongoing funding for medical programs and other federal agencies for the remainder of this fiscal year. If the relevant bill can be passed before the Friday midnight deadline, it will help prevent the US government from falling into a full shutdown again.

BlockBeats News, January 29 — According to HyperInsight monitoring, the swing whale "pension-usdt.eth" shorted 25,000 ETH last week with 3x leverage, with an average entry price of $2927.33. After significant unrealized gains, they have not yet reduced their position, currently with an unrealized loss of $660,000.