Bitcoin fell below $85,000 on Jan. 29, with its 24-hour decline widening to 5.45%, HTX market data show. BlockBeats reported the move citing HTX market feeds.

Trend Research, affiliated with Yi Lihua, withdrew 36.39 million USDT from Binance on Jan. 29, BlockBeats reports citing AI Yi. The funds were subsequently deposited in batches into Aave as collateral.

Bitcoin briefly fell to $85,224 on Jan. 29 before recovering to $85,650, HTX market data show. The cryptocurrency's 24-hour decline widened to 4.08%.

Crypto market liquidations reached $268 million in the past hour on Jan. 29, Coinglass data show. Long positions accounted for $265 million while shorts totaled $3.61 million. Over the past 24 hours, 187,634 traders were liquidated for a total of $617 million, with the largest single liquidation occurring on Hyperliquid's BTC-USD pair at $31.64 million.

Address 0x20c2 has accumulated over $80.90 million in profit from shorting ETH as of January 29, lookonchain data show. The trader has been shorting ETH on Hyperliquid since 2024 with maximum leverage, initially 50x and now 25x. The address still holds a 30,582 ETH short position worth approximately $88.90 million.

Bitcoin fell below $87,000 on Jan. 29, down 3.19% in 24 hours, HTX market data show. Solana dropped under $120, declining 5.39% over the same period.

Moonbirds ecosystem token BIRB fell more than 10% within one hour on January 29, with market capitalization sliding to $89.93 million, BlockBeats reports. Since the official airdrop claim page launched, users reported technical issues including page load failures, crashes, eligible tokens showing as zero, and non-functional password prompts, as well as a brief outage due to a traffic surge. Community members described the claim interface as low quality, noting it crashed within minutes of going live and some functions remain not fully restored.

Robinhood invested in Talos as part of the institutional crypto trading infrastructure provider's Series B extension on Jan. 29, valuing the company at about $1.5 billion, BlockBeats reports. The extension raised an additional $45 million from investors including Sony Innovation Fund, IMC, QCP and Karatage, with existing backers such as a16z crypto, BNY and Fidelity also participating. Talos offers end-to-end crypto trading infrastructure to hundreds of institutional clients worldwide, with combined client assets under management of around $21 trillion.

Citrea, a Bitcoin ZK-rollup backed by Founders Fund and Galaxy Ventures, launched its mainnet on Jan. 29 with active DeFi liquidity potentially reaching $50 million at launch, BlockBeats reports. The platform introduces BTC-collateralized lending, structured products and a native USD stablecoin, ctUSD, issued by MoonPay and 1:1 backed by cash and short-term U.S. Treasuries. ctUSD is natively minted on Citrea rather than bridged to reduce bridge risk and avoid liquidity fragmentation. During testing, Citrea data-availability usage once accounted for nearly 10% of Bitcoin monthly bandwidth.