A whale liquidated a silver short position, losing $305,000

On January 27, crypto exchange Bybit announced via official statements that it is rolling out zero-fee spot trading for the USAT/USDT stablecoin pair—with USAT being a Tether-compliant stablecoin.

On January 27, Bitget market data shows spot gold extended its rally, recently breaching the all-time high of $5,100 per ounce—pushing the entire tokenized gold sector higher. Currently, the tokenized gold sector’s total market capitalization stands at $5.27 billion, with a 24-hour gain of 0.8%. Key tokens include: - **XAUT (Tether Gold)**: Issued by Tether, it has a market cap of $2.63 billion (roughly 50% of the sector’s share) and a 24-hour trading volume of $432 million. - **PAXG (PAX Gold)**: Issued by Paxos, it has a market cap of $2.06 billion (around 39% of the share) and a 24-hour trading volume of $520 million. Each XAUT and PAXG token is pegged to 1 ounce of physical gold.

On January 27, DeepSeek rolled out its new DeepSeek-OCR 2 model, powered by the innovative DeepEncoder V2 approach. This technology enables AI to dynamically rearrange image components by their semantic meaning—ditching the mechanical left-to-right scan—to mirror the logical flow humans use when viewing a scene. As a result, the model outperforms traditional vision-language models on complex-layout images, delivering more intelligent visual understanding and improved causal reasoning.

January 27 (Decrypt) — Australia’s corporate regulator ASIC has released its 2026 Key Risks Outlook, flagging a regulatory gap in cryptocurrency as a top risk for the year. The Australian government is pushing forward the *Corporations Amendment (Digital Assets Framework) Bill 2025*, which would mandate cryptocurrency exchanges and custody platforms to hold an Australian Financial Services License (AFSL). ASIC Chair Joe Longo noted some businesses are deliberately evading existing regulations, worsening regulatory uncertainty. Industry experts are calling for clear licensing boundaries and an expanded regulatory sandbox to balance innovation and consumer protection. Per Australian government estimates, a robust digital asset regulatory framework could unlock an annual $24 billion productivity boost for the country.

As of January 27, monitoring from HyperInsight (https://t.me/HyperInsight) shows gold, silver, and copper contracts on the Hyperliquid platform (https://app.hyperliquid.xyz/join/NTOD) all ranked in the platform’s top 10 by trading volume over the past 24 hours. - The PAXG contract (paired with the Gold Mapping contract) recorded 24-hour trading volume of $169 million, with combined open interest for the two contracts hitting $160.7 million. - The SILVER Mapping contract posted 24-hour trading volume of $1.102 billion. - The COPPER Mapping contract saw 24-hour trading volume reach $71.52 million.