Odaily Planet Daily reports that Friday's plunge in gold and silver prices began with reports that Trump would nominate Warsh as the new chairman of the Federal Reserve. Dirk Malaki, managing director of SLC Management, stated that Warsh's hawkish background reduces the risk of a broad-based depreciation of the dollar. The market is returning to an orderly monetary policy track. Analysts also mentioned that traders taking profits quickly at the end of the month, or banks hedging against the impact of a sudden drop, may have contributed to the precious metals sell-off. Adrian Ash, head of research at BullionVault, said he has been involved in the precious metals market for 20 years and has never seen anything like it. However, he downplayed the possibility of retail investors suddenly withdrawing funds on Friday, pointing to similar unusual movements in base metals markets such as copper, where copper futures fell 4.5% on Friday. Ash also stated that looking only at gold and silver, it's easy to say this is retail frenzy, but there is no retail participation in the base metals market. (Jinshi)

Odaily Planet Daily reports that Nikita Bier, X product manager and Solana consultant, responded to the recent significant increase in creator reward revenue sharing on the X platform. He stated that the increase in reward revenue sharing for creators on the X platform is mainly due to the recent crackdown on matrix accounts and "water army" accounts, including setting AI avatars, placing referral links for tips in bios, and containing non-compliant interactive content in tweets.

According to Onchain Lens monitoring, a newly created wallet, "0x9D2," bought HYPE for $44.99 million and then sold it all for $41.27 million, losing $3.72 million in three days.

According to Lookonchain monitoring, in the past 12 hours, user pfm.eth deposited $5 million worth of USDC into Hyperliquid to go long on silver. He has currently opened a long position of 17,305 shares of silver (worth $1.49 million), with approximately $1.66 million in limit buy orders pending execution.

Huoxun Finance reported on January 31 that, according to Caixin.com, the Hang Seng Gold ETF has been listed on the Hong Kong Stock Exchange, becoming the first physical gold ETF in Hong Kong that allows individual investors to redeem directly from banks. Christopher Hui, Secretary for Financial Services and the Treasury of Hong Kong, revealed at the 19th Asian Financial Forum (AFF) in Hong Kong that in addition to offering the option to redeem physical gold at banks, the Hang Seng Gold ETF also plans to be distributed through licensed digital asset trading platforms. Li Peishan, Director and CEO of Hang Seng Investment Management, pointed out that the tokenized unlisted class of the Hang Seng Gold ETF is currently in the final testing phase and is expected to launch in the first quarter of 2026. The tokenized class will also be open to retail investors, with a lower entry fee expected. Currently, only US dollar-denominated shares are available, but this class will not offer a physical gold redemption option.