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The U.S. Department of the Treasury sanctions the cryptocurrency exchanges Zedcex Exchange and Zedxion Exchange

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On January 31, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two digital asset exchanges linked to Iranian businessman Babak Morteza Zanjani: Zedcex Exchange and Zedxion Exchange. Since its August 2022 registration, Zedcex has processed more than $94 billion in transactions. Multiple addresses tied to both exchanges have handled funds for wallets associated with Iranian officials. OFAC also imposed sanctions on several Iranian officials, including Interior Minister Eskandar Momeni Kalagari.
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A Whale Sold WBTC for $9.06M in WETH Flash Swap

**January 31st** On-chain analyst Blockchain Auntie (@ai_9684xtpa) notes that an ETH whale who converted 4-year-old holdings into WBTC has now swapped $9.06 million worth of WBTC back to WETH. Over the past 20 minutes, the whale sold 109.61 WBTC at an average price of $82,494.79, then bought 3,437.09 WETH at an average of $2,637.62. Previously, the whale first swapped to gain 6.45% on their ETH holdings. In the second swap, they netted 9.26 WBTC—roughly $810,000.

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"BTC OG Insider Whale" ETH Long Position's Unrealized Loss Widens to $100 Million

On January 31st, per monitoring from HyperInsight (via its Telegram channel @HyperInsight), the "BTC OG Insider Whale" has seen its unrealized loss on an Ethereum (ETH) long position swell to $100 million. The ETH position was opened at $3,149.42, has a liquidation price of $2,283.15, and holds a total position value of $570 million. Additionally, the whale maintains: - A $60 million long position in Solana (SOL) with an unrealized loss of $6.5 million; - A $48 million long position in Bitcoin (BTC) with an unrealized loss of $4.6 million.

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Jupiter will enable claiming ASR rewards for Q4 via additional routes

**January 31** Per Solana Floor, Jupiter revealed that claiming its Q4 Active Stake Reward (ASR) requires users to import their mnemonic phrase into the Jupiter wallet. Community feedback has criticized this requirement, noting that forcing users to export their mnemonic phrase for a small reward is insecure, unnecessary, and excludes those using keyless or custodial wallets. In response to the backlash, Jupiter stated it plans to roll out additional claiming options within one to two weeks.

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Analysis: Powell will not be swayed by the White House and will remain cautious while striking a certain balance

On January 31, Peter Cardillo, Chief Market Strategist at Sparta Capital Securities, noted: “I wouldn’t call Jerome Powell’s nomination as Federal Reserve Chair a complete surprise. He’s long been viewed as hawkish, but recent signs suggest he’s aligning more closely with the Trump administration’s stance—making it tricky to gauge how markets will react to the pick. We just need to watch whether he’ll be swayed by the White House. My take? He won’t. He’ll take a deliberate approach to issues, striking a balance between inflation and labor market goals. He may not be as decisive as his predecessor, but the difference won’t be significant.” (Source: FXStreet)

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Bitcoin Falls Below $83,000, 24-hour Gain Narrows to 0.53%

Bitcoin dropped below $83,000 on January 31, per data from HTX, with its 24-hour gain narrowing to 0.53%.

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Jupiter Announces Launch of Solana Ecosystem Explorer

On January 31, Jupiter launched its Solana Ecosystem Explorer — a tool integrating data from Solscan and DefiLlama to build a discovery layer for the entire Solana ecosystem. Users can now access unified project overviews via a single dashboard, with support for: - Project financials (fees, revenue, TVL) - Social media presence (tweets, follower counts, updates) - User activity (trades, growth metrics) - Products and tokens

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