In the past hour, total liquidations across the network reached $16.00 million, with $1.86 million from long positions, with $14.15 million from short positions. BTC liquidation $374,157.32, ETH liquidation $236,290.3.

Huoxun Finance reported on January 27th that, according to The Block, Gemini's NFT trading platform NiftyGateway has announced new details on how it will preserve users' NFTs after ceasing operations. The company has pledged to permanently host token metadata and media even after the platform shuts down. Specific plans include migrating most NFT metadata to the decentralized storage network Arweave; for some NFTs minted in 2021 or earlier that are technically impossible to migrate, their metadata will continue to be hosted by the company indefinitely. Furthermore, the platform has extended the window for users to withdraw their NFTs to April 23rd, providing a total of 90 days. The company stated that it is developing a bulk withdrawal tool to help users holding large amounts of NFTs complete asset transfers before the deadline. NiftyGateway was acquired by Gemini in 2019 and rose to prominence during the 2021 NFT boom, but subsequently struggled due to a decline in overall market trading volume, and entered a withdrawal-only mode earlier this year.

According to The Block, Nomura Securities' digital asset subsidiary, LaserDigital, has applied to the Office of the Comptroller of the Currency (OCC) for a nationwide trust bank license. If approved, this license would allow LaserDigital to operate nationwide without needing to apply for state-by-state custody licenses, but its business would not involve accepting retail deposits. The company also reportedly plans to offer spot cryptocurrency trading services.

According to Huoxun Finance on January 27, after ETH rebounded and climbed back above $3,000, Trend Research borrowed 80 million USDT from Aave and transferred it to Binance in the last two hours this morning.

Huoxun Finance News, January 28th - According to The Block, the American Innovation Project, a non-profit organization funded by Coinbase and a16z, announced the launch of a researcher program for college graduates. This program aims to provide lawmakers' offices with industry-expert assistants during the drafting of comprehensive cryptocurrency regulatory legislation in the U.S. Congress. The program is open to current and past graduates in the spring of 2026. Selected candidates will complete several weeks of online courses in the spring of 2026 focusing on emerging technologies such as crypto and artificial intelligence. They will then be assigned to the offices of bipartisan members of the House Financial Services Committee and the Agriculture Committee for a year of fieldwork, during which they will receive a stipend. The organization stated that this initiative aims to equip lawmakers with professionals familiar with technologies such as crypto.