深潮 TechFlow 消息，01 月 16 日，根据 TRONSCAN 链上数据，JST 已转入黑洞地址 T9yD14Nj9j7xAB4dbGeiX9h8unkKHxuWwb 进行永久销毁。截至当前，该地址累计销毁总量为 1,084,891,079枚 JST，对应销毁价值约 4,483 万美元，占 JST 总供应量的 10.96%。此次大规模销毁不仅彰显了项目方持续推进通缩机制的决心，也为 JS...

深潮 TechFlow 消息，01 月 16 日，根据 TRONSCAN 链上数据，JST 已转入黑洞地址 T9yD14Nj9j7xAB4dbGeiX9h8unkKHxuWwb 进行永久销毁。截至当前，该地址累计销毁总量为 1,084,891,079枚 JST，对应销毁价值约 4,483 万美元，占 JST 总供应量的 10.96%。此次大规模销毁不仅彰显了项目方持续推进通缩机制的决心，也为 JST 的价值基础注入了更强的稀缺性支撑，标志着 JST 生态已进入通缩驱动价值增长的新发展阶段。（注：黑洞地址指用于永久锁定代币以实现销毁的特殊链上地址。）

JST 累计销毁占比达 10.96%，超 10.85 亿枚代币已转入黑洞地址

According to TechFlow TechFlow, on January 16th, based on TRONSCAN on-chain data, JST has been transferred to the black hole address T9yD14Nj9j7xAB4dbGeiX9h8unkKHxuWwb for permanent burning. As of now, this address has burned a total of 1,084,891,079 JST, corresponding to a burning value of approximately $44.83 million, representing 10.96% of the total JST supply. This large-scale burning not only demonstrates the project team's determination to continue promoting the deflationary mechanism, but also...

According to TechFlow TechFlow, on January 16th, based on TRONSCAN on-chain data, JST was permanently burned at the black hole address T9yD14Nj9j7xAB4dbGeiX9h8unkKHxuWwb. To date, this address has burned a total of 1,084,891,079 JST, corresponding to a value of approximately $44.83 million, representing 10.96% of the total JST supply. This large-scale burning not only demonstrates the project team&#39;s determination to continue promoting the deflationary mechanism but also injects stronger scarcity support into the value foundation of JST, marking a new stage of development for the JST ecosystem driven by deflationary growth. (Note: A black hole address refers to a special on-chain address used to permanently lock tokens for destruction.)

JST has burned 10.96% of its tokens, with over 1.085 billion tokens transferred to a black hole address.

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another sharp drop, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Jeff Park, CIO of Bitwise, offers a new analytical framework from the perspective of options and hedging mechanisms. [...]

The Black Swan Event Was Actually This: The Real Reason for the Recent Bitcoin Crash

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another crash, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Bitwise CIO Jeff Park offers a new analytical framework from the perspective of options and hedging mechanisms.
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The release of this new regulation marks a historic leap in the attitude of Chinese regulators towards virtual assets, shifting from a "complete ban" to a "combination of restriction and guidance."

Article Author & Source: Guofeng Law Firm On February 6, 2026, the "Notice on Further Preventing and Handling Risks Related to Virtual Currencies" (Yinfa [2026] No. 42, hereinafter referred to as "Document No. 42"), jointly issued by eight ministries led by the People's Bank of China, and the "Regulatory Guidelines on the Issuance of Asset-Backed Securities Tokens Overseas by Domestic Assets" (hereinafter referred to as the "Guidelines") simultaneously issued by the China Securities Regulatory Commission, have triggered significant reactions in the legal and financial circles...