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On January 15, according to The Paper News, Xunlei Limited (Nasdaq: XNET) filed a lawsuit against former CEO Chen Lei and his core team, accusing them of infringing on the company's interests, with claims amounting to as much as 200 million yuan. The case has been accepted and filed by the relevant court in Shenzhen. Chen Lei is also suspected of embezzling tens of millions of company funds for illegal cryptocurrency trading prohibited by the state. To evade investigation, Chen Lei left the country in early April 2020.

[Xunlei has sued its former CEO Chen Lei, alleging that he misappropriated company funds for illegal cryptocurrency trading.]On January 15, according to The Paper News, Xunlei Limited (Nasdaq: XNET) filed a lawsuit against former CEO Chen Lei and his core team, accusing them of infringing on the company's interests, with claims amounting to as much as 200 million yuan. The case has been accepted and filed by the relevant court in Shenzhen. Chen Lei is also suspected of embezzling tens of millions of company funds for illegal cryptocurrency trading prohibited by the state. To evade investigation, Chen Lei left the country in early April 2020.

Xunlei has sued its former CEO Chen Lei, alleging that he misappropriated company funds for illegal cryptocurrency trading.

On January 15, it was reported that the South Korean National Assembly has passed amendments to the Capital Markets Act and the Electronic Securities Act, marking the country's formal establishment of the issuance and circulation framework for Security Token Offerings (STO) about three years after the financial regulatory authorities issued relevant guidelines. The core content of the amendments includes the introduction of the distributed ledger concept, allowing issuers who meet certain conditions to directly issue and manage tokenized securities through electronic registration, while also establishing a new "issuance account management institution." In addition, atypical securities such as investment contract securities will also be included under the regulation of the Capital Markets Act, and their circulation in the over-the-counter market will be permitted through newly established over-the-counter brokerage business. The amendments to the Capital Markets Act will take effect from the date of promulgation. However, the provisions related to investment solicitation guidelines will take effect six months after promulgation, and the provisions related to over-the-counter trading will take effect one year after promulgation.

[The South Korean National Assembly has passed two legislative amendments to regulate security tokens.]On January 15, it was reported that the South Korean National Assembly has passed amendments to the Capital Markets Act and the Electronic Securities Act, marking the country's formal establishment of the issuance and circulation framework for Security Token Offerings (STO) about three years after the financial regulatory authorities issued relevant guidelines. The core content of the amendments includes the introduction of the distributed ledger concept, allowing issuers who meet certain conditions to directly issue and manage tokenized securities through electronic registration, while also establishing a new "issuance account management institution." In addition, atypical securities such as investment contract securities will also be included under the regulation of the Capital Markets Act, and their circulation in the over-the-counter market will be permitted through newly established over-the-counter brokerage business. The amendments to the Capital Markets Act will take effect from the date of promulgation. However, the provisions related to investment solicitation guidelines will take effect six months after promulgation, and the provisions related to over-the-counter trading will take effect one year after promulgation.

The South Korean National Assembly has passed two legislative amendments to regulate security tokens.

Infinex posted on platform X that the public offering has ended. A total of 868 participants took part in this sale, raising 7.214 million USDC, allocating about 5 million USD (accounting for 5% of the INX supply), and refunding about 2.21 million USD. After identifying and removing about 1.2 million USD from witch addresses, the maximum allocation per participant was 245,000 USD, with 99.5% of participants receiving full allocation. Refunds have now been issued to users' Infinex accounts.

[Infinex: Public offering subscriptions exceeded $7.2 million; TGE scheduled for January 30th.]Infinex posted on platform X that the public offering has ended. A total of 868 participants took part in this sale, raising 7.214 million USDC, allocating about 5 million USD (accounting for 5% of the INX supply), and refunding about 2.21 million USD. After identifying and removing about 1.2 million USD from witch addresses, the maximum allocation per participant was 245,000 USD, with 99.5% of participants receiving full allocation. Refunds have now been issued to users' Infinex accounts.

Infinex: Public offering subscriptions exceeded $7.2 million; TGE scheduled for January 30th.

&nbsp;Foreign Ministry spokesperson Mao Ning hosted a regular press conference. Recently, U.S. President Trump stated that the U.S. government will approve the sale of H200 artificial intelligence chips to China. However, he also said that the U.S. government will take 25% of the total sales revenue. What is China's comment on this? Mao Ning responded that China has repeatedly stated its position on the issue of U.S. chip exports to China and tariffs.&nbsp;

[The US government will approve the sale of H200 AI chips to China; the Ministry of Foreign Affairs responds.]&nbsp;Foreign Ministry spokesperson Mao Ning hosted a regular press conference. Recently, U.S. President Trump stated that the U.S. government will approve the sale of H200 artificial intelligence chips to China. However, he also said that the U.S. government will take 25% of the total sales revenue. What is China's comment on this? Mao Ning responded that China has repeatedly stated its position on the issue of U.S. chip exports to China and tariffs.&nbsp;

The US government will approve the sale of H200 AI chips to China; the Ministry of Foreign Affairs responds.

&nbsp;the co-founder of CoinGecko responded to market rumors about "considering selling CoinGecko at an estimated valuation of about 500 million USD." Having operated CoinGecko for nearly 12 years, like any growing and profitable company, it regularly evaluates strategic opportunities to strengthen the business and accelerate the mission. CoinGecko is currently in a strong position—business growth and profitability are strong, and institutional demand continues to increase. CoinGecko's business operations are proceeding as usual, with no changes in work methods or data delivery.

[CoinGecko co-founder responds to sale rumors: Business operations are proceeding as usual, and strategic opportunities are regularly evaluated.]&nbsp;the co-founder of CoinGecko responded to market rumors about "considering selling CoinGecko at an estimated valuation of about 500 million USD." Having operated CoinGecko for nearly 12 years, like any growing and profitable company, it regularly evaluates strategic opportunities to strengthen the business and accelerate the mission. CoinGecko is currently in a strong position—business growth and profitability are strong, and institutional demand continues to increase. CoinGecko's business operations are proceeding as usual, with no changes in work methods or data delivery.

CoinGecko co-founder responds to sale rumors: Business operations are proceeding as usual, and strategic opportunities are regularly evaluated.

the National Collegiate Athletic Association (NCAA) has requested the U.S. Commodity Futures Trading Commission (CFTC) to suspend prediction markets related to college sports, stating that these markets, lacking necessary safeguards, are essentially similar to sports betting.

[The NCAA has called on the CFTC to suspend prediction markets related to college sports.]the National Collegiate Athletic Association (NCAA) has requested the U.S. Commodity Futures Trading Commission (CFTC) to suspend prediction markets related to college sports, stating that these markets, lacking necessary safeguards, are essentially similar to sports betting.

The NCAA has called on the CFTC to suspend prediction markets related to college sports.

&nbsp;a16z crypto managing partner Crisis Dixon posted on the X platform stating that crypto developers urgently need clear rules. Although over the past five years, both US parties and Trump have closely cooperated with members of the crypto industry to protect decentralization, support developers, and provide fair opportunities for entrepreneurs, the core of the CLARITY Act is to achieve these goals. The act is not perfect, progress is still too slow, and it needs to be amended before becoming law. But if the US wants to continue to be the best place globally to build the crypto future, it must accelerate the advancement of the CLARITY Act.

[A16z Crypto Managing Partner Calls for Accelerated CLARITY Bill: Crypto Developers Urgently Need Clear Rules]&nbsp;a16z crypto managing partner Crisis Dixon posted on the X platform stating that crypto developers urgently need clear rules. Although over the past five years, both US parties and Trump have closely cooperated with members of the crypto industry to protect decentralization, support developers, and provide fair opportunities for entrepreneurs, the core of the CLARITY Act is to achieve these goals. The act is not perfect, progress is still too slow, and it needs to be amended before becoming law. But if the US wants to continue to be the best place globally to build the crypto future, it must accelerate the advancement of the CLARITY Act.

A16z Crypto Managing Partner Calls for Accelerated CLARITY Bill: Crypto Developers Urgently Need Clear Rules

according to CoinDesk, Glassnode on-chain data shows that Bitcoin has rebounded to the price range that hindered its rise at the end of last year, and the profit-taking behavior of long-term holders has significantly slowed down. These "long-term holders" who have held Bitcoin for more than five months are currently selling about 12,800 BTC per week to take profits, a pace much lower than the weekly sales of over 100,000 BTC when the price was above $100,000 last year.

[Analysis: Bitcoin price has reached a key selling zone, and long-term holders are slowing down their profit-taking.]according to CoinDesk, Glassnode on-chain data shows that Bitcoin has rebounded to the price range that hindered its rise at the end of last year, and the profit-taking behavior of long-term holders has significantly slowed down. These "long-term holders" who have held Bitcoin for more than five months are currently selling about 12,800 BTC per week to take profits, a pace much lower than the weekly sales of over 100,000 BTC when the price was above $100,000 last year.

Analysis: Bitcoin price has reached a key selling zone, and long-term holders are slowing down their profit-taking.

Bitcoin Fear and Greed Index is 61. Greed.
Current Price: $96422.72.

[Bitcoin Fear and Greed Index is 61]Bitcoin Fear and Greed Index is 61. Greed.
Current Price: $96422.72.

Bitcoin Fear and Greed Index is 61

Huobi Group has obtained a DIFC Innovation License, a license for innovative technology companies in Dubai! Benefits entail access to a thriving tech ecosystem and preferential treatment for technology research and developments, capital repatriation, and taxes.

Detail

【Huobi Group obtains DIFC Innovation License】Huobi Group has obtained a DIFC Innovation License, a license for innovative technology companies in Dubai! Benefits entail access to a thriving tech ecosystem and preferential treatment for technology research and developments, capital repatriation, and taxes.

Huobi Group obtains DIFC Innovation License

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Article

A whale used 40x leverage to go long $31.61 million on BTC, after previously incurring a loss of $21.4 million.

Huobi Group obtains DIFC Innovation License

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