According to Odaily, a Beijing man named Su Jingliang was sentenced to 46 months in prison and ordered to pay $26.87 million (approximately 187 million yuan) in restitution for participating in a "pig butchering" scam that laundered over $36.9 million (approximately 256 million yuan). The US previously dismantled a transnational fraud and money laundering ring that built trust with victims through social media or dating apps, then guided them to fake cryptocurrency trading platforms for so-called "investments." Funds from 174 US victims flowed into 74 shell company accounts registered in the US, and were converted into Tether (USDT) once the funds were received. It is reported that Su Jingliang played a key "accountant" role in this "pig butchering" telecom fraud chain. He communicated with employees of Deltec Bank via the encrypted messaging tool Telegram, receiving funds from shell companies in the United States. He also directed the bank to quickly convert the transferred US dollar assets into the stablecoin USDT and send them to a specific cryptocurrency wallet starting with "TRteo." The funds in this wallet ultimately flowed to fraud dens in Southeast Asia. (Caixin.com)

Odaily Planet Daily reports that with the US government entering a partial shutdown due to the budget bill failing to pass before the deadline, cryptocurrency market sentiment has turned cautious, putting pressure on Bitcoin and Ethereum prices. BTC has just fallen below $83,000. Although the Senate has passed a temporary funding bill, the House of Representatives must vote on it after reconvening on Monday, resulting in a technical shutdown of the government over the weekend. Traders have already set up quad-core processors as a defensive strategy before the House vote on Monday. Analysts believe that the shutdown itself has a limited impact on the economy, but the combination of low liquidity over the weekend and a flurry of political news may increase the risk of short-term volatility in the cryptocurrency market. (CoinDesk)

According to an official announcement, Bitget has launched USDT-based INX perpetual contracts with leverage ranging from 1x to 25x. Contract trading bots will also be available simultaneously.

Huoxun Finance News, January 31st - Jupiter announced the launch of explore.ag, a Solana ecosystem explorer, on its X platform. Integrating Solscan and DefiLlama data, it builds a discovery layer for the entire Solana ecosystem. Currently, users can view a complete project overview through a single view, including project financial information (fees, revenue, TVL); social media activity (tweets, followers, updates); user activity (transactions, growth); products; and tokens.

Odaily Planet Daily reports that Jupiter announced the launch of Jupiter Global, a global on-chain real-world payment function, on the X platform. Key features include: On-chain QR code payment: Payments can be made across merchants in the Asia-Pacific region with 0% transaction fees and instant settlement via local payment channels. Global fiat currency remittance: Virtual USD, GBP, and EUR accounts support SWIFT transfers to over 200 countries/regions and fast local payments in more than 15 currencies. Jupiter Card: A cryptocurrency credit card that can be used for purchases at over 150 million merchants using USDC.