According to an official announcement, Worksport, a US clean energy solutions manufacturer, has purchased Bitcoin (BTC) and Ripple (XRP) for the first time, which is an important measure of its newly established cryptocurrency reserve strategy. The company said that the initial purchase of the six-figure amount is to cope with global economic changes and support its long-term growth plan. Worksport plans to achieve revenue growth, launch three new products and approach the cash flow positive target in 2025. The company said that it will use excess cash reserves to gradually increase its cryptocurrency holdings, while closely monitoring the regulatory dynamics of the new US government on cryptocurrencies. In addition, Worksport also plans to introduce cryptocurrency payment options on its official website Worksport.com to reduce transaction costs and expand payment methods, further improving operational efficiency. Worksport CEO Steven Rossi said that the company's business is growing rapidly, and both revenue and profit margins are steadily increasing. He believes that this cryptocurrency investment is a low-risk anti-inflation strategy, and is expected to benefit from the increasingly clear regulatory environment for cryptocurrencies. The company is optimistic about the current BTC and XRP holdings in the long term. Earlier news, US listed company Worksport announced that it would purchase Bitcoin and XRP as reserve assets.

Recently, the People's Court of Pingjiang County, Hunan Province, announced several criminal judgments involving the BKEX exchange, which clearly defined the contract transactions on the platform as gambling behavior, and held relevant employees and agents criminally responsible for the crime of opening a casino. The judgment shows that the BKEX exchange was founded by Ji Jiaming in Chengdu in 2018, mainly providing virtual currency exchange and spot trading services. In 2021, the platform launched a perpetual contract trading function. Users bet through USDT and bet on the price rise and fall of virtual currencies such as BTC and ETH with high leverage, suspected of using the Internet to gather people for gambling. As of the time of the incident, the BKEX platform had a cumulative net profit of approximately 54.798 million USDT (equivalent to approximately 300 million yuan), and the number of contract trading users reached 270,000, of which more than 60,000 were active users. Because the founder Ji Jiaming is on the run, this case mainly targets platform employees and agents. The verdict involved 2 employees and 6 agents. One of the employees, Zheng Lei, served as a wallet engineer and was responsible for technical support for fund flow. He was sentenced to 2 years and 1 month in prison, suspended for 2 years and 1 month, and fined 150,000 yuan. Another employee, Wang, was responsible for KYC certification and fund settlement. He was sentenced to 1 year and 11 months in prison and fined 52,000 yuan. Agent Dong was sentenced to 1 year and 6 months in prison, suspended for 1 year and 6 months, and fined 35,000 yuan for developing downline gambling. The relevant illegal gains have been recovered and turned over to the state treasury. The court determined that the defendants were all accomplices, and some of them received lighter punishments for admitting guilt and actively returning the stolen goods.

Solana NFT market Tensor announced that 50% of the revenue of its social trading application Vector will be injected into the TNSR treasury, and the rest will belong to the Tensor development team. It is reported that Vector is a social trading mobile application with a built-in encrypted wallet that allows users to publicly share trading dynamics. It is still in the invitation-only stage, but has achieved an annualized revenue of more than 90 million US dollars, far exceeding the revenue of the Tensor NFT market. Tensor co-founder and CEO Ilja Moisejevs said that the company launched Vector in response to the shrinking NFT market and turned to the larger Memecoin market. Funds from the TNSR treasury can be used for airdrops and funding projects in the future, and the community may also vote to decide on measures such as repurchasing and destroying tokens to increase the value of TNSR tokens.

The Sei Foundation announced the launch of a $65 million venture capital fund called "Sapien Capital — Open Science Fund I", which focuses on supporting decentralized science (DeSci) startups built on the Sei blockchain. The fund is fully funded by the Sei Foundation and plans to complete the capital deployment in the next 3 to 4 years, with investment amounts ranging from $100,000 to $2 million, covering tokens and equity forms. DeSci aims to improve the funding model, data sharing and scientist rights distribution of scientific research through blockchain technology, attracting the attention of mainstream institutions including Binance Labs and a16z.

According to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) has officially accepted the Litecoin ETF application submitted by Canary Capital and has now entered a 21-day public comment window. The public who support Litecoin ETF can submit their opinions through designated channels.

Fed Chairman Powell said at a press conference that the U.S. economy remains strong overall, and the labor market remains robust despite a cooling. He pointed out that inflation is close to the target but still slightly high, and the labor market is not the source of current inflationary pressure, so the Fed does not need to rush to adjust the policy interest rate. Discussions on the policy framework have been launched at this meeting. Powell stressed that the Fed will only consider cutting interest rates when there is substantial progress in inflation or the job market is weak, and expects inflation to improve further in the future. He said that the Fed's current policy is "substantially but not highly" restrictive, and overall financial conditions are slightly loose. In addition, Powell mentioned that artificial intelligence is an important factor in the development of the stock market, but the market volatility it has caused is not a continuous change, and the Fed is more concerned about the macro economy. He also said that the Fed's interest rate level is significantly higher than the neutral interest rate, and the reserve funds in the balance sheet are still ample. When asked whether a rate cut is possible in March, Powell reiterated that there is no need to rush. He pointed out that the Fed will take time to assess the impact of the new government's policies, including tariffs, immigration, fiscal and regulatory policies, and emphasized that it will not rush to formulate policies to ensure that policy responses are fully understood.

PANews reported on January 29 that Telegram founder Du Rove posted a message on his personal channel to congratulate the Chinese New Year. He said that many people were surprised at the speed at which China was catching up with the United States in the field of artificial intelligence, but in fact, DeepSeek's success was not accidental. China's progress in algorithm efficiency did not come out of thin air. Chinese students have long surpassed other students in mathematics and programming in international Olympiads.

PANews reported on January 29 that, according to Forbes, despite BlackRock CEO Larry Fink's previous disclosure of discussions with sovereign wealth funds about buying Bitcoin, Bitcoin prices fell to a low point again yesterday, but analysts believe that Bitcoin and cryptocurrencies are ready for the Fed's huge price shock. Alex Kuptsikevich, chief market analyst at FxPro, said in an email: "The current low Bitcoin prices can be attributed to risk aversion before the Fed meeting.

PANews reported on January 29 that the forward-looking views of the Federal Reserve interest rate decision-making institutions are summarized as follows. "Standing still" is almost a foregone conclusion: 1. Standard Chartered Bank: It is expected to remain unchanged this month and take a wait-and-see attitude on the issue of interest rate cuts. It is suspected that Powell will not want the FOMC to take a further hawkish stance at this stage. 2. Sweden's Nordic Bank: It is expected to keep interest rates unchanged and wait for more data and information about President Trump's policies. It is expected to cut interest rates twice in May and September in 2025.

PANews reported on January 29 that according to FinanceFeeds, the European Securities and Markets Authority (ESMA) requires cryptocurrency companies to comply with the EU's new stablecoin rules by March 31. According to market observers, USDT is one of the stablecoins that has been subject to strict scrutiny. It is still unclear whether Tether intends to apply for the EU-authorized MiCA license. As an "important" stablecoin under MiCA, it may face stricter requirements, including higher capital reserves and stricter supervision.

PANews reported on January 29 that according to Jinshi, analysts at Royal Bank of Canada Capital Markets said that the Fed's January meeting seems unlikely to change the market narrative. Analysts said in a report that the market had fully digested the expectation of a pause in rate hikes for most of the time between interest rate meetings, and the Fed spokesperson did not try to fight back.

PANews reported on January 29 that according to Bloomberg, Cathie Wood, founder and CEO of Ark Investment Management, said: "DeepSeek has brought an impact on the US technology industry, but competition is a good thing. I think competition is good for the United States, and lowering costs is good for the world. The reduction in innovation costs should help all regions of the world. A tug-of-war is taking shape in this field.

PANews reported on January 29 that according to Jinshi, the governor of the Czech Central Bank said that Bitcoin as an asset is being considered for inclusion in foreign exchange reserves; its correlation with bonds is currently zero, and it is an interesting asset for large investment portfolios. It is currently only in the analysis and discussion stage; the committee will make a decision, and there is no imminent decision, which requires in-depth analysis.

PANews reported on January 29 that Deribit data showed that BTC options with a nominal value of approximately US$8.1 billion and ETH options contracts with a nominal value of US$1.8 billion will expire and be delivered on Friday (January 31); among them, the maximum pain point price of BTC is US$98,000, and the maximum pain point price of ETH is US$3,300.

PANews reported on January 29 that venture capital funds in the crypto sector have reached US$1.14 billion so far in January, and is expected to achieve a 100% increase compared to January 2024 (US$653.3 million).

Meme is just the entrance, AI is the future.

PANews reported on January 29 that according to the official announcement, Binance will launch the VVVUSDT perpetual contract at 16:15 Beijing time on January 29, with a maximum leverage of 25 times.

Odaily Planet Daily News According to a statement on January 28, lawmakers in Kentucky and South Dakota are preparing to introduce legislation to establish Bitcoin reserves in the coming weeks.