Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

January 30th — Per Bitget market data, U.S. stocks opened lower, with the Dow Jones down 0.28%, the S&P 500 down 0.35% and the Nasdaq down 0.45%. Most crypto-related stocks traded lower at the open: MSTR was down 0.53%, BMNR down 1.65%, COIN down 1.03% and CRCL down 1.66%.

**January 30 – Per K33 data, Norway’s sovereign wealth fund saw its indirect Bitcoin exposure surge 149% in 2025, reaching $9,573.** The fund holds significant stakes in companies including Strategy, MARA, Metaplanet, Coinbase, and Block. While the national fund has not directly purchased cryptocurrency, many of these firms continue to actively accumulate Bitcoin. Managed by Norges Bank Investment Management, Norway’s sovereign wealth fund is one of the world’s largest, with assets exceeding $2 trillion. Its portfolio focuses primarily on global equities, bonds, and real estate.

As reported by The Block on January 30, KRAKacquisition Corp—a Kraken-backed special purpose acquisition company (SPAC)—has completed a $345 million IPO and begun trading on the Nasdaq Global Market on January 28 under the ticker KRAQU. KRAKacquisition Corp was launched by Kraken affiliates alongside Natural Capital and Tribe Capital, with a focus on future mergers and acquisitions (M&A). The firm notes it has not yet identified specific targets nor entered substantive talks with potential transaction partners.

On January 30, Michael Saylor said in a post on X that Kevin Wash will be the first Federal Reserve Chair to back Bitcoin. BlockBeats previously reported that in a 2025 interview, Wash noted Bitcoin is a highly disruptive new technology—one that represents a critical asset and acts as a "checkup" for policymakers. "You can tell if we’re doing the right thing by looking at its price," he said. "So it’s more like an inspector of monetary policy."

January 30 — Federal Reserve Governor Christopher Waller released a statement on the Fed’s official website, noting he dissented at the recent Federal Open Market Committee (FOMC) meeting because he argued a 25-basis-point policy rate cut was the appropriate move. Three rate cuts last year had already brought the policy rate closer to neutral, though monetary policy still constrained economic activity. Economic data also clearly pointed to the need for additional monetary easing, he said. Waller added total inflation (excluding tariff impacts) was near the Fed’s 2% target—slightly above that level—and the labor market was soft. Thus, the policy rate should be closer to neutral, with FOMC members’ median estimate at 3%. “I back cutting the policy rate to strengthen the labor market and head off economic deterioration,” he stated. “Once deterioration begins, it’s harder to reverse.”

CBC News reported on January 30 that 21-year-old Canadian-born cryptocurrency fugitive Andean Medjedovic is suspected of stealing $65 million in assets by hacking Indexed Finance and KyberSwap. Medjedovic was arrested in Belgrade, Serbia, in August 2024 but released after a Serbian court rejected the Netherlands’ extradition request. He is now believed to be hiding in Bosnia. Investigations reveal Medjedovic used mathematical and programming skills to hack Indexed Finance at age 18, netting $16.5 million. In 2023, he targeted KyberSwap, making $48 million. He traveled through Brazil, Dubai, and Spain using a fake Slovak passport. The U.S. Department of Justice has charged him with laundering funds via mixers like Tornado Cash. Despite multiple international arrest warrants, Medjedovic denied all charges in a prior court statement and claimed he still earns $100,000 monthly as a crypto freelancer.