Japan's bond market is currently under significant stress, with long-term government bond yields rising sharply, challenging long-held assumptions of low volatility. According to NS3.AI, this upheaval has increased yen volatility, posing a threat to leverage-heavy investments such as Bitcoin by prompting rapid deleveraging across financial markets. While relief auctions and policy interventions might offer temporary stability, Japan's bond market has emerged as a volatility trigger, leading to sharp but often short-lived impacts on Bitcoin.

Tom Lee, chairman of Bitmine, the Ethereum treasury company, stated on a podcast this Friday that the current bear market was triggered by the largest deleveraging event in crypto history last October, with an impact even greater than the FTX crash. This was due to a pricing loophole on a trading platform that triggered a chain of automated liquidations, resulting in the liquidation of over 2 million accounts globally, the destruction of one-third of market makers, and severe damage to trading platform balance sheets, causing the entire ecosystem to "limp." He believes the selling pressure is not yet fully over, and recovery will take 8-12 weeks, similar to 2022, but there are currently no clear signs of a rebound. Previously, OKX CEO Star posted on the X platform that hundreds of billions of dollars in cryptocurrency were liquidated on October 11th, and OKX observed a fundamental change in the microstructure of the cryptocurrency market from that date. Industry insiders believe the losses from this event are more severe than the FTX collapse. The root cause of the event was Binance's limited-time promotion offering USDe a 12% annualized yield and allowing it to be used as collateral without practical restrictions. USDe is essentially a tokenized hedge fund product, structurally different from low-risk money market funds like BlackRock BUIDL. Binance encouraged users to exchange USDT and USDC for USDe to earn returns, but failed to adequately emphasize the risks. Users borrowed USDT as collateral through revolving lending and borrowing, artificially creating annualized premiums of 24% to 70% or more, leading to a rapid accumulation of systemic risk. When market volatility triggered USDe's de-pegging, the chain of liquidations exacerbated the collapse of assets like WETH and BNSOL. Star points out that industry trust cannot be built on short-term profit speculation or marketing that masks risks, and Binance, as an industry leader, should bear corresponding responsibility.

حذّر المتداول المخضرم “بيتر براندت” من أن تصحيح البيتكوين الحالي لم ينتهِ بعد، مشيرا إلى أن موجة الهبوط الأخيرة قد تفتح الطريق لمزيد من التراجع. source: https://arab-btc.net/brandt-warns-from-more-decline-btc-price/

India has announced its Union Budget 2026, ignoring calls for reform from industry experts to stick to its existing tax framework. According to the details shared by Finance Minister Nirmala Sitharaman, the country did not deem it fit to make any revisions concerning taxes from crypto transactions. Since the beginning of the year, there have […] source: https://www.cryptopolitan.com/india-crypto-tax-framework-budget-2026/

암호화폐 분석 회사인 델피 디지털은 지난 한 해 동안 수익을 낸 알트코인은 소수에 불과하다고 발표했습니다. 계속 읽어보세요: 지난 1년 동안 주요 알트코인 중 단 6%만이 수익을 냈습니다! 수익을 낸 알트코인들을 소개합니다 source: https://kr.bitcoinsistemi.com/only-6-of-major-altcoins-have-generated-profit-in-the-last-year-here-are-those-green-altcoins/

Crypto analytics company Delphi Digital announced that only a limited number of altcoins have generated profits in the past year. Continue Reading: Only 6 Percent of Major Altcoins Generated Profits in the Last Year – Here Are Those Green Altcoins source: https://en.bitcoinsistemi.com/only-6-percent-of-major-altcoins-generated-profits-in-the-last-year-here-are-those-green-altcoins/

Offshore migration surged as 72. 7% volume moved abroad, prompting tighter disclosure enforcement rules. source: https://ambcrypto.com/indias-budget-2026-new-penalties-hit-crypto-reporting-is-a-fresh-crackdown-next/

Crypto analyst PlanB, writing on the X platform, stated that Bitcoin's price closed at $78,635 in January, a drop of approximately 38% from its all-time high. Currently, Bitcoin's 200-week moving average is around $58,000, while the realized price is around $55,000 and trending downwards. Simultaneously, the RSI has fallen below 50, entering the "bear market zone" defined by his model. Historically, Bitcoin may retrace to the 200-week moving average or near the realized price during bear markets. However, he also pointed out that the momentum of this bull market is relatively weak, with no strong topping signals appearing; therefore, the subsequent bear market retracement may be relatively limited.

In January 2026, the cryptocurrency sector experienced 16 hacking incidents, resulting in total losses of $86.01 million. According to PANews, this represents a slight year-on-year decrease of 1.42% compared to January 2025, which saw losses of $87.25 million. However, there was a significant month-on-month increase of 13.25% from December 2025, when losses amounted to $75.95 million. PeckShield shared this information on the X platform, highlighting the ongoing challenges faced by the cryptocurrency industry in combating cyber threats.

PeckShield reported on its X platform that in January 2026, there were 16 hacking incidents in the cryptocurrency field, with total losses of $86.01 million. This represents a slight year-on-year decrease of 1.42% compared to January 2025 ($87.25 million), but a significant month-on-month increase of 13.25% compared to December 2025 ($75.95 million).

On Friday, which just passed, the market experienced a dramatic fluctuation that will go down in history.

Binance, Changpeng Zhao (CZ) responds to market FUD, 10.10 flash crash, and Alpha controversy in an AMA. Golden Finance reports that Changpeng Zhao (CZ) has recently become the focus of controversy in the crypto community.

It's often said that users don't really care about privacy, and in the age of social media, that may be true.

Gold, silver, investment, metals market crash: Is the supercycle logic still strong? Jinse Finance: The precious metals market sees another week of gains, but this may well be far from over.

This week, 17 blockchain startups completed funding rounds, raising a total of $285.4 million. Mesh (formerly Front Finance) raised $75 million in its Series C funding round, the largest single funding round this week.

In two days, 30,000 AI agents registered accounts on the same website, Moltbook. These weren't registered by humans; they were registered by the AI ​​itself.

On January 30, Kevin Warsh was nominated as the next chairman of the Federal Reserve.

US President Trump's nomination of Kevin Warsh as Federal Reserve Chairman triggered the worst sell-off in precious metals in decades.

Several portfolio managers contacted on Friday said they believed Warsh was unlikely to cater to Trump's whims or significantly alter the Fed's stance.

"If your startup isn't a YC-backed B2B SaaS + GPT shell company, and you haven't hired ABG as your chief marketing officer, then you're basically doomed."