[1/2] [Crypto/TradFi Final Merge Report] 2026-01-30 00:00 (Beijing Time) ━━ Important News ━━ 1. Significant volatility in risk assets: Cryptocurrency prices fell, compounded by geopolitical and policy uncertainties. Iran announced that it will hold military exercises including "live-fire" in the Strait of Hormuz on February 1-2, which may disrupt shipping and risk appetite. In the United States, the Senate sought a compromise on temporary funding for DHS, but the risk of a government shutdown remains, coupled with rising macroeconomic uncertainty. (PANews | BlockBeats | TechFlow) 2. SEC Chairman Atkins: Crypto assets should be allowed to be included in 401(k) filings; SEC/CFTC jointly call for clearer rules. SEC Chairman Paul Atkins stated that "it's time to allow" crypto assets to be included in the approximately $12.5 trillion 401(k) retirement account portfolio; meanwhile, SEC and CFTC officials said that a clear and predictable regulatory framework for crypto assets should be provided through legislation or institutional coordination, rather than continuing to rely on "enforcement instead of regulation". (BlockBeats | TechFlow TechFlow | Foresight News) 3. Latest SEC guidance: Tokenized securities remain subject to existing securities laws, and the secondary market path remains unclear. The SEC emphasized that tokenized securities (including tokenized stocks) do not escape the framework of securities laws due to changes in technology. Requirements such as registration, disclosure, reporting, and anti-fraud remain applicable, and a distinction is made between "issuer-supported issuance" and "third-party-supported issuance." However, no clear solution has yet been provided for compliant trading in the secondary market. (BlockBeats) 4. Stablecoin regulation continues to heat up: The UK launches an investigation; Tether says the "yield" controversy is slowing down legislation. The UK House of Lords has launched an investigation into stablecoin regulation and is soliciting opinions; it is also reported that the Bank of England plans to prioritize the "systemic stablecoin" mechanism in 2026. In the US, Tether's CEO stated that the controversy surrounding "stablecoin yields" is slowing down the progress of crypto-related legislation; at the same time, there are conflicting statements that "Tether has no objection to the clauses in the draft that prohibit stablecoin yields" or "has no position." (BlockBeats | PANews | The Block | Foresight News) 5. Russia plans to introduce cryptocurrency market regulations by 2027, which will set a single purchase limit of $4,000 for retail investors, allow qualified investors to trade with retail investors, prohibit anonymous coins and domestic cryptocurrency payments, and explicitly state that BTC and ETH will not be legal tender. (CoinDesk) 6. Institutions and exchanges are accelerating their "bank/brokerage-like" transformation: Bybit launches IBAN accounts; Matrixport launches stablecoin direct investment in US stocks. Bybit says it will launch its IBAN-based fiat currency account "MyBank" as early as February, and is assessing the possibility of RWA custody, expansion in the US, and listing; Matrixport launches "USDT/USDC direct investment in US stocks", supports stablecoin deposits and withdrawals 24/7, and will open for trading on February 3. (CoinDesk | The Block | BlockBeats) 7. Japanese listed company Metaplanet plans to raise approximately $135-137 million to expand its Bitcoin reserves. The company plans to raise approximately $135-137 million (approximately 20.74 billion yen net) through equity financing/placement and other means to continue buying BTC and to partially repay loans to restore/retain its reserves; its holdings data vary in different reports. (The Block | Foresight News | PANews) 8. Security Incident: The Holdstation project wallet was compromised, resulting in a loss of approximately $100,000. The attacker transferred assets across World Chain, BSC, Berachain, zkSync, and other platforms, ultimately consolidating the assets on Ethereum into 22.41 ETH and bridging them to the Bitcoin network for 0.755 BTC. The team has released an on-chain message and is attempting to negotiate. (PANews | Foresight News) Market Analysis 1. Crypto Market Rapidly Declines: BTC briefly fell below $85,000, and ETH fell below $2,800. Liquidations amplified volatility. Multi-source data shows BTC hovering around $84,910–$84,970, down about 5% in 24 hours; ETH briefly fell to around $2,798–$2,800, down about 6.8%–7.0% in 24 hours; SOL fell below $120. Regarding liquidations, approximately $575 million–$665 million (depending on the source) were liquidated across the network in 24 hours, primarily long positions, with the largest single liquidation occurring on Hyperliquid's BTC-USD pair. (BlockBeats | PANews | TechFlow) 2. Risk assets "resonate": US stocks weaken and crypto concept stocks decline in tandem.