The Bitcoin scalability landscape has long been dependent on solutions that move security and demand off-chain, off-Bitcoin. Citrea is set to change this reality by scaling Bitcoin in its entirety with zero-knowledge proofs, ensuring on-chain verifiability and data availability within the Bitcoin network. This approach makes Citrea the first scaling solution to enable more complex applications without compromising Bitcoin security and changing its consensus rules.

An analysis of historical Bitcoin Core node versions to examine the updating behavior of node operators over the years.

On-chain data provides analysts and investors with a remarkable degree of transparency into the performance, adoption, and investor positioning within digital assets. In this piece, we highlighted several approaches and frameworks for assessing market momentum across various data categories.

1. Ripple payment service "Ripple Payments" plans to return to the US market and launch targeted solutions

The Bitcoin ecological composability DID protocol BRC-137 announced the completion of a $2.5 million seed round financing. The round was participated by institutions such as Basics Capital, DFG, Gate Labs, JSquare, etc. The funds will be used to accelerate the development and improvement of the protocol and ecological growth, to achieve a native social universe of the Bitcoin ecosystem.According to the BRC-137 white paper, BRC-137 aims to build a more diverse DID ecosystem by introducing composable prefixes and suffixes while enhancing asset liquidity.In addition, the protocol also introduces a royalty mechanism to promote the development and innovation of on-chain social patterns.

BounceBit website shows that the Bitcoin collateral chain BounceBit currently has a TVL of over 72.8 million US dollars, of which the amount of BTC collateral is over 46.2 million US dollars.

Bloomberg data shows that WisdomTree lags behind other issuers in terms of inflows into Bitcoin spot ETFs. Jarrett Lilien, WisdomTree's chief operating officer, said the company's consumer application provides a better way to hold Bitcoin than ETFs. He said, "We are confident in our ability and record in managing assets in growth, which does take time, especially in our ETF model, as these products are not yet available on many advisor platforms, and we hope to see most of the flow on these platforms."

Matrixport released its latest research report, which points out that in January 2024, Bitcoin's positive return rate is +1.1%. According to the regression model, it is expected that Bitcoin may rise by 65% for the rest of this year, and the price of Bitcoin may climb to $70,000. Matrixport previously pointed out that the price of Bitcoin is greatly affected by changes in interest rate expectations. Given that the Federal Reserve may cut interest rates in 2024, the price of Bitcoin is expected to rise. According to the report of Matrix on Target on October 28, 2022, the ideal time to buy is 14-15 months before the halving, because Bitcoin usually enters a bear market 6 to 12 months after the halving. Although the halving occurs once every four years, the cycle is about 3.5 years, and the peak of the fifth bull market is expected to occur in 2025.

Analysts at ARK Invest have stated that if Bitcoin's share in global investment portfolios increases to 1%, its price will rise to $120,000, with the optimal price being 19.4%, or $2.3 million. ARK Invest estimates the total value of global investment portfolios to be $250 trillion, and the 19.4% figure is based on optimizing risk-adjusted returns for 2023. The other components of the investment portfolio are gold (40.7%), stocks (30.2%), and commodities (9.6%).

BTC.com data shows that yesterday's Bitcoin network transaction fee was 49.84 BTC, a 3.4% decrease from the previous day's 51.62 BTC.

On January 31, 2024, OKX Ventures, in collaboration with ABCDE, held the second season of Bitcoin Ecological Demo Day, covering BTC Layer 2 network, Layer 2 service solutions, Bitcoin collateral, Launchpad, DA and other Bitcoin infrastructure construction projects. It is reported that with the continuous growth of Bitcoin users and Bitcoin blockchain data, there is still huge innovation space in the Bitcoin ecosystem. OKX Ventures is committed to building the BTC ecosystem and has invested in projects such as B^2 Network, Bitmap Tech, Babylon, bitSmiley, alexGo, Portal Defi, etc. OKX Ventures will continue to invest 10 million US dollars and support new and innovative entrepreneurs in the BTC ecosystem to accelerate the improvement of blockchain technology, while providing services and resources to help partners develop together.

UK law enforcement has seized $1.7 billion worth of Bitcoin. Earlier, a former restaurant employee named Jian Wen attempted to use the Bitcoin to purchase a luxury home in London worth about $30 million, but the purchase was unsuccessful due to their inability to explain the source of the encrypted assets. It is reported that Jian Wen became a British citizen in 2018 and is suspected of being recruited to assist Zhimin Qian in money laundering, accused of representing Zhimin Qian in converting Bitcoin into cash, luxury goods, and real estate.

This year, we returned with 8 high-quality projects in the BTC Ecosystem. On January 31st, 2024, ABCDE’s second Demo Day is scheduled, welcoming over 80 investors. These 8 projects, carefully selected from various sectors including Layer 2, Statechain, Staking, DA, Liquidity Layer, Launchpad, etc., showcase the diversity and innovation in our field.

On January 31st, 2024, ABCDE’s second Demo Day is scheduled, welcoming over 80 investors. These 8 projects, carefully selected from various sectors including Layer 2, Statechain, Staking, DA, Liquidity Layer, Launchpad, etc., showcase the diversity and innovation in our field.

The market shows BTC has fallen below $42,500, currently at $42,485.5, with a daily decline of 2.2%. The market is fluctuating greatly, please be prepared for risk control.

Hong Kong legislator Wu Chi-wai stated that the financial technology summit Bitcoin Forum will be held in Hong Kong in May, marking the conference's first appearance in Asia. The event is expected to generate a consumption economic benefit of HKD 200 million. Wu Chi-wai also suggested that the Hong Kong government should accelerate the development of Web 3.0, as many cities around the world are competing for the central hub position. This year's Bitcoin Forum proves that Hong Kong's Web 3.0 and virtual asset policies have gradually attracted international attention and participation.

According to the co-founders of Glassnode, Bitcoin's recent surge could lead to a short squeeze and trigger a larger rally. The surge in Bitcoin's price has provided liquidity for long positions and is moving to fill the liquidity gap above $42,000, potentially causing volatility. The founders also suggest that Bitcoin may be printing a classic descending wedge pattern, which could indicate a potential bullish reversal. As of writing, Bitcoin is trading at $43,436.

The Bitcoin market continues to show resilience, recovering from the initial sell-the-news drawdown following ETF approvals. In particular, the market is working through the significant supply overhead created by investors rebalancing capital out of the GBTC product since its conversion.

German police temporarily seized 50,000 bitcoins worth $2.17 billion in a piracy law enforcement operation. This operation is reportedly the largest cryptocurrency seizure in the country's history. One of the two suspects voluntarily transferred the bitcoins to the Federal Criminal Police Office (BKA) in Germany. There are no formal charges against the suspects yet, but investigations into subsequent money laundering activities are still ongoing.

Based on the inflow/outflow of funds for BTC spot ETF on January 29th, it is expected that approximately 14,800 BTC (about 638.8 million US dollars) will be transferred to various ETF custody addresses after the opening of the U.S. stock market today, including:- GrayScale GBTC custody address will have an outflow of about 4,441 BTC;<br>- The remaining nine ETF custody addresses will have an inflow of about 10,359 BTC;<br>- The overall net inflow is about 5,918 BTC. Funds have been continuously flowing in for 2 days.