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Swiss crypto bank Sygnum has completed the seed funding round for its Starboard Sygnum BTC Alpha Fund, attracting over 750 BTC from professional and institutional investors in the roughly four months since its launch last October, Cointelegraph reported.

Global asset manager Franklin Templeton has announced a strategic investment in the artificial intelligence project Sentient (SENT). Following the investment, Sentient plans to collaborate on developing institutional-grade financial services using its open-source artificial general intelligence (AGI) technology. According to Sentient, the two firms will work together over the next several months to co-develop advanced AI use cases for the financial sector and apply the project's open-source reasoning technology in live financial production environments.

An amendment to South Korea's Act on Reporting and Using Specified Financial Transaction Information, which requires virtual asset service providers (VASPs) to report the criminal records of their major shareholders to authorities, passed the National Assembly's plenary session on Jan. 29, MTN News reported. The legislation, aimed at preventing crypto firms from being used for illicit activities like money laundering, was approved with 246 votes in favor and one abstention out of 247 members present.

The Central Bank of the UAE (CBUAE) has officially approved the dollar-pegged stablecoin USDU, CoinDesk reported. This marks the first USD-based stablecoin to be sanctioned in the UAE under the central bank's Payment Token Service Regulation (PTSR). The stablecoin will be issued and operated by Universal Digital, a firm supervised by the Abu Dhabi Global Market's (ADGM) Financial Services Regulatory Authority (FSRA). Its reserves will be held on a 1:1 basis in accounts at UAE-based banks, including Emirates NBD, Mashreq, and M Bank.

South Korean crypto exchange Upbit announced it will list Sentient (SENT) for trading against BTC, USDT, and the South Korean won (KRW) at 8:30 a.m. UTC on Jan. 29.

South Korean crypto exchange Upbit has announced it will temporarily suspend deposits and withdrawals for Sei (SEI) starting at 9:00 a.m. UTC on Feb. 3 due to a network upgrade.

Holdings in XRP smart money addresses have increased by 11.55% over the past 30 days, Cointelegraph reported, citing data from Nansen. The report noted that while XRP's price has fallen approximately 4% year-to-date amid subdued investor sentiment, the increase in addresses with large holdings could be interpreted as a positive sign for the token's long-term fundamentals.

The following are the long/short position ratios for BTC perpetual futures over the last 24 hours on the world's top three crypto futures exchanges by open interest: Overall: 49.84% long, 50.16% short 1. Binance: 49.98% long, 50.02% short 2. OKX: 49.65% long, 50.35% short 3. Bybit: 50.1% long, 49.9% short

South Korean crypto exchange Bithumb announced that it will list Sentient (SENT) and Hey Elsa (ELSA) for trading against the South Korean won (KRW) at 8:30 a.m. UTC today.

The Australian Federal Court has fined BPS Financial, the operator of the Qoin crypto wallet, 14 million Australian dollars ($9.9 million) for false advertising, according to Decrypt. The court ruled that BPS deceived consumers by falsely claiming its wallet was accepted by numerous merchants and could be exchanged for cash and other cryptocurrencies.

Gold's market capitalization surged by $1.65 trillion in a single day as the price of spot gold surpassed $5,500 an ounce, Cointelegraph reported. This daily increase is nearly equivalent to the entire market capitalization of Bitcoin, which stands at $1.75 trillion.

Decentralized exchange Aster has announced a trading competition with a total prize pool of 50,000 USDF. The event will run from 2:30 a.m. UTC on Jan. 29 to 4:00 p.m. UTC on Feb. 5. The designated trading pairs are XAU/USDT (gold), XAG/USDT (silver), XPT/USDT (platinum), and XCU/USDT (copper). To be eligible, participants must achieve a cumulative trading volume of at least $10,000 during the event, with a minimum reward of 1 USDF. Rewards will be calculated based on each participant's OI score, which measures their time-weighted average contribution to open interest, rather than simple trading volume. This structure rewards users for providing liquidity by holding positions longer.

Binance has announced it will list BIRB/USDT and GWEI/USDT perpetual futures today, both with up to 50x leverage. The BIRB/USDT pair is scheduled to go live at 5:15 a.m. UTC, followed by the GWEI/USDT pair at 5:30 a.m. UTC.

U.S. spot Ethereum ETFs recorded a net inflow of $28 million on Jan. 28, reversing the previous day's net outflows, according to data from Trader T. BlackRock's ETF (ETHA) led the inflows, attracting $27.25 million. Fidelity's FETH saw a smaller inflow of $750,000, while all other funds reported no net change in flows for the day.

U.S. spot Bitcoin ETFs recorded a total net outflow of $19.65 million on Jan. 28, marking the second consecutive day of net outflows, according to data compiled by Trader T. Among the major funds, Fidelity's FBTC saw a net inflow of $19.45 million. However, this was offset by outflows from BlackRock's IBIT (-$14.19 million), Bitwise's BITB (-$12.61 million), and Ark Invest's ARKB (-$12.30 million).

Nexpace (NXPC), the Web3 IP expansion initiative for MapleStory Universe (MSU), announced via X that it now supports Binance Pay. This enables NXPC holders to make instant, gas-free payments at over 20 million merchants globally.

Bitmine has staked an additional 250,912 ETH, worth $745 million, over the past 18 hours, Lookonchain reported. The company now holds a total of 2,582,963 ETH in staking, valued at approximately $7.6 billion.

South Korean crypto exchange Bithumb announced that it will temporarily suspend deposits and withdrawals for Zilliqa (ZIL) starting at 3:00 a.m. UTC on Feb. 5 to support an upcoming network upgrade.

Major exchanges have seen $106 million worth of futures liquidated in the past hour. In the past 24 hours, $334 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $88,000. BTC is trading at $87,991.19 on the Binance USDT market.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $123 million liquidated (80.68% longs) - ETH: $42.85 million liquidated (64.94% longs) - XAU: $10.83 million liquidated (85.21% shorts)

An anonymous whale address starting with 0xd4d has withdrawn an additional 445,000 HYPE, valued at $14.87 million, from Galaxy Digital, according to Onchain Lens. This brings the address's total withdrawals to 910,000 HYPE, worth $25.43 million. Of the total amount, 465,000 HYPE has been staked.

Google has delayed its planned block of mobile apps from overseas cryptocurrency exchanges that are not registered as Virtual Asset Service Providers (VASPs) in South Korea, Digital Asset reported. A Google Play representative told the publication that the ban's implementation is being postponed due to internal issues. The representative added that the company is currently assessing the matter with relevant departments to formulate its official position.

South Korean exchange Upbit has announced the temporary suspension of deposit and withdrawal services for tokens on the Story network due to an upcoming hard fork. The suspension is scheduled to begin at 5:00 p.m. UTC on Feb. 5. Affected assets include Story (IP), for which both deposits and withdrawals will be halted, and Aria Protocol (ARIAIP), for which only withdrawals will be suspended.

South Korean crypto exchange Bithumb announced it will temporarily suspend deposits and withdrawals for STABLE (STABLE) starting at 2:00 a.m. UTC on Feb. 4 to support a network upgrade.