TechubNews

Techub News: According to on-chain analyst Yu Jin, the 1inch team's investment fund spent 10 million USDC to purchase 3,257 Ethereum yesterday, with an average price of approximately 3,070 USDC.

Techub News reported that according to Coinglass data, the total amount of liquidations in the past 12 hours reached approximately 9.6 billion USD. Among them, approximately 1.84 billion USD of liquidations occurred in BTC contracts, approximately 2.14 billion USD in ETH contracts, and over 55 million USD in XRP contracts.

According to the data from Circle's website, from January 27th to January 30th, US time, Circle issued approximately 3.4 billion USDC and redeemed approximately 2.3 billion USDC. The Circulating Supply increased by approximately 1.2 billion. As of January 30th, the total Circulating Supply of USDC is 53 billion, with a reserve of 53.2 billion US dollars.

Techub News reported that the Salvadoran Congress recently approved the reform of the BTC Law, officially canceling BTC's status as a legal currency. This reform was carried out after nearly two years of pressure from the International Monetary Fund (IMF), which set a condition of dropping the risk of BTC in exchange for President Nayib Bukele's approval of a desperately needed $1.4 billion loan. Representatives modified six clauses and repealed three of the sixteen clauses. From now on, BTC will no longer be considered a "currency"; its acceptance will change from mandatory to voluntary, and

Techub News, according to Coinglass data, approximately 320 million USD worth of contracts were liquidated in the past 12 hours. Among them, approximately 53.74 million USD worth of BTC contracts, approximately 58.25 million USD worth of ETH contracts, and over 18.56 million USD worth of SOL contracts were liquidated.

Techub News reported that Pudgy Penguins announced that they have reached a cooperation with the adventure game Minini launched by the creative studio LINE FRIENDS, and more information about this cooperation will be released soon.

Techub News reported that UBS has tested its UBS Key4 GOLD product on the ETH Layer2 network ZKSync to explore scaling and privacy solutions, according to CoinDesk.