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A South Dakota state representative has reintroduced legislation that would permit the state to invest up to 10% of its public funds in Bitcoin, according to Cointelegraph. The bill, HB 1155, introduced by Representative Logan Manhart, seeks to amend state law to authorize the state's investment council to allocate the funds. The move follows a similar bill Manhart introduced in January of last year, which was ultimately rejected by the state legislature.

Beginning in February, homebuyers in regulated areas of South Korea, including Seoul, will be required to disclose proceeds from cryptocurrency sales on their capital procurement plans, Herald Business reported. According to the Ministry of Land, Infrastructure and Transport, the Korea Real Estate Board is in the final stages of updating its systems to reflect the change. Once the updates are complete, an amendment to the Transaction Reporting Act will be submitted to the Cabinet for approval. If passed, the new regulation will be implemented immediately without a grace period.

Bitmine (BMNR) has staked an additional 113,280 ETH, valued at $340.68 million, according to Onchain Lens. The company now holds a total of 2,265,984 ETH in staking, worth approximately $6.8 billion.

Selling pressure from the U.S. is dictating recent short-term trends for BTC, according to a report from Wintermute. The report noted that BTC has been trapped in a range between $85,000 and $94,000 for approximately 60 days. It pointed to large net outflows from spot BTC ETFs last week and a persistent discount in the Coinbase Premium as confirmation of selling by U.S. institutional investors. Wintermute suggested a high probability of increased volatility this week due to macroeconomic events, including the U.S. Federal Open Market Committee (FOMC) meeting. The key factors to watch are ETF fund flows and the direction of the U.S. dollar. A shift to net inflows for the ETFs or a weaker dollar could lead to an attempt to break past the mid-$90,000s, the report explained.

Decentralized satellite internet project Spacecoin (SPACE) announced that it recently held a technology seminar with the School of Electrical Engineering at the Korea Advanced Institute of Science and Technology (KAIST). The event, held at KAIST's main campus, focused on the vision and implementation plan for Spacecoin and its Space Network. Attendees included Spacecoin founder Tae Oh, an advisory group of former senior Samsung Electronics engineers, and members of research labs led by five KAIST professors, including Professor Kang Joon-hyuk.

A South Korean court has rejected a taxpayer’s request to overturn taxes imposed on cryptocurrency received through a trading competition organized by an exchange, Digital Asset reported. The plaintiff argued that the assets constituted prize money from a ranking-based competition with multiple participants, which under South Korea’s Income Tax Act allows 80% of such earnings to be deducted from comprehensive income tax. Tax authorities disagreed and imposed the levy. The court ruled that although the cryptocurrency qualified as prize money, the trading event did not meet the statutory definition of a ranking competition eligible for tax deductions under the law.

Artificial intelligence (AI) blockchain platform Talus Network announced it will host its 2026 New Year’s Gathering on Feb. 4 at DreamPlus in Gangnam, Seoul. The event's agenda includes the unveiling of Talus's 2026 roadmap, a panel discussion with industry experts, community networking opportunities, Korean traditional games such as Yunnori, and a lucky draw. CoinNess is a media partner for the event.

Spot gold has once again broken its all-time high, surpassing $5,200 per ounce.

South Korean prosecutors are denying any internal involvement in the loss of seized Bitcoin worth approximately 40 billion won ($29 million), Edaily reported. The Gwangju District Prosecutors' Office has launched an internal inspection into five of its investigators regarding the incident. The investigators, who were responsible for managing seized assets, reportedly lost 320 BTC after accessing a phishing site during a work handover last August. Prosecutors claim the theft was perpetrated by an external party and that there is currently no evidence of collusion from within the office.

CoinMarketCap's Altcoin Season Index has dropped by four points from yesterday, now standing at 25. The index determines an "altcoin season" if 75% of the top 100 coins by market capitalization, excluding stablecoins and wrapped coins, outperform Bitcoin over the preceding 90 days. Conversely, if Bitcoin outperforms the majority of these altcoins, it is considered a "Bitcoin season." A score closer to 100 signifies conditions favorable to altcoins.

Bitcoin is transforming into a stable and resilient macroeconomic asset, according to a joint report from Coinbase Institutional and on-chain analytics firm Glassnode. The report notes that excessive leverage was largely purged from the market during the sell-off in the fourth quarter of last year, reducing the risk of cascading liquidations and making the asset better equipped to handle macroeconomic shocks. Recent trends show Bitcoin exhibiting the characteristics of a macro asset, with its movements influenced by the global liquidity environment, institutional investor positioning, and portfolio adjustments. The authors added that the market now prioritizes sustainability over speed, a shift they attribute to a departure from the momentum and leveraged trading flows previously driven by retail investors.

The Crypto Fear & Greed Index from data provider Alternative stands at 29, unchanged from yesterday and remaining in the fear category. The index measures sentiment on a scale where 0 represents extreme fear and 100 indicates extreme optimism. It is calculated based on several factors, including volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market dominance (10%), and Google search volume (10%).

Russia's telecommunications regulator, Roskomnadzor, appears to be intensifying its crackdown on cryptocurrency media, according to a report from BeInCrypto. Several cryptocurrency news websites are now inaccessible from residential internet connections within the country. The blocked sites include CoinNess, Benzinga, FastBull, FXEmpire, CoinGeek, Criptonoticias, Cointelegraph, CoinEdition, The Coin Republic, AMBCrypto, and Nada News.

Morgan Stanley has appointed Amy Oldenburg, a veteran executive with over 20 years at the firm, to lead its digital asset strategy, Bloomberg reported. The move comes as major financial institutions prepare for significant shifts in the digital asset space, including the expanded adoption of stablecoins and the potential for new U.S. legislation. Earlier this month, Morgan Stanley announced plans to apply for BTC and SOL ETFs and launch a digital wallet by the end of the year.

The American Innovation Project (AIP), a non-profit organization backed by Coinbase and a16z, is launching a new fellowship program for recent college graduates to work with U.S. lawmakers as Congress advances comprehensive crypto legislation, The Block reported. Participants will begin this spring with a multi-week online training course focused on emerging technologies such as crypto, artificial intelligence, biotechnology, and defense. Following the course, fellows will receive one year of hands-on training in the offices of bipartisan members of the House Financial Services and Agriculture Committees.

A Chinese national, Jingliang Xu, has been sentenced to 46 months in prison for his role in a $37 million cryptocurrency scam targeting U.S. citizens, Decrypt reported. Xu has also been ordered to pay more than $26.8 million in restitution. The fraud ring deceived victims into transferring funds to accounts controlled by Xu and his co-conspirators, who then converted the money into USDT through shell companies and overseas bank accounts.

The number of active addresses on the Base network has dropped to an 18-month low, Wu Blockchain reported. This decline comes despite a surge in token issuance over the past month, which at times saw more than 100,000 new tokens created daily. The number of transactions on the network is also on a downward trend.

U.S. President Donald Trump stated on Jan. 27 that he would work with South Korea to find a solution regarding his proposed tariff increases on the country's products. According to Yonhap News, Trump made the remarks to reporters at the White House before departing for Iowa. The previous day, he had announced on Truth Social his intention to raise tariffs on South Korean goods, including automobiles, from 15% to 25%. He cited delays in the passage of a special act on investment in the U.S. by South Korea's National Assembly as the reason for the move.

The three major U.S. stock indices closed mixed. The S&P 500 gained 0.41% and the Nasdaq Composite rose 0.91%, while the Dow Jones Industrial Average fell 0.83%.

Whale Alert reported that 325,449,632 USDT has been transferred from OKX to an unknown wallet. The transaction is valued at about $325 million.

U.S. President Donald Trump stated that the value of the dollar has not fallen excessively and is, in fact, beneficial for business, Walter Bloomberg reported. Trump noted that in the past, China and Japan repeatedly and intentionally devalued their own currencies, which made it difficult for the United States to compete. While he said he does not want to see the dollar's value decline further, he believes it is best to allow it to find a fair level on its own without artificial intervention, adding that its value could fluctuate.

Cryptocurrency exchange WhiteBIT has stated that it already ceased providing services in Russia in 2022, responding to a new announcement by the Russian government banning transactions with the platform over its support for Ukraine. According to BeInCrypto, the exchange noted that while the decision at the time led to a roughly 30% decrease in users, its business has since grown more than eightfold.

Stock prices for cryptocurrency mining companies that have expanded into the artificial intelligence (AI) infrastructure business rose across the board following news of a potential $20 billion funding round for AI startup Anthropic, CoinDesk reported. Shares of Iris Energy (IREN) and Cipher Mining (CIFR) each jumped more than 12%, while Hut 8 (HUT) and TeraWulf (WULF) posted gains of around 8%.

Major exchanges have seen $100 million worth of futures liquidated in the past hour. In the past 24 hours, $284 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has risen above $89,000. BTC is trading at $89,000 on the Binance USDT market.