Data shows that the total market value of cryptocurrencies has exceeded $2 trillion, currently at $2,000,121,502,290, with a 24-hour increase of 1.6% and a 24-hour trading volume of $90,043,167,767.

South Korean cryptocurrency exchanges Upbit and Bithumb have announced that members of the Digital Asset Exchange Association (DAXA) in South Korea have extended the warning period for Somesing (SSX) until February 27th. It is reported that in order to protect investors, DAXA member companies can take measures such as urging caution in investment, designating warning/caution items, and terminating trading support.

Scopescan monitoring showed that a certain whale address continued to increase its holdings of OP. 5 hours ago, the address bought 32,200 OP, worth $1.2 million.

A prosecutor claimed at the beginning of the trial of a Russian-Swedish man that his cryptocurrency mixing service was a key link in transferring tens of millions of dollars from dark web markets known for selling illegal drugs. Prosecutor Christopher Brown stated in his opening statement at the Washington Federal Court that Roman Sterlingov operated Bitcoin Fog, an "online money laundering service" that mixed tokens from different owners to make transactions difficult to trace. Brown added that Sterlingov took measures to ensure that his role in launching the mixer was "always hidden".

The Blockchain Association and 80 former national security and military professionals wrote another letter to congressional leaders, this time calling for lawmakers to reject a bill aimed at bringing cryptocurrency companies into anti-money laundering policies. In a letter to four members of the House of Representatives and two senators, signatories said that the Digital Asset Anti-Money Laundering Act (DAAMLA) "jeopardizes our country's strategic advantage, threatens tens of thousands of American jobs, and has little impact on the illegal actors it targets." The signatories added that the bill, if passed, could push digital asset companies overseas, potentially increasing the liquidity of unregulated offshore exchanges. Tuesday's letter is the latest in a series of communications between the Blockchain Association, members of Congress, and former government officials.

Forbes has released its annual list of 50 innovative fintech companies, with only three cryptocurrency companies making the cut: Chainalysis, Fireblocks, and Gauntlet. It is reported that the criteria for Forbes' innovative fintech company selection is that the company must be privately owned and headquartered in the United States.

The Block's research analyst Rebecca Stevens posted on X platform that data shows that despite a slowdown in cryptocurrency exchange trading volume in recent times, the monthly total trading volume in January still exceeded that of December 2023, reaching $1.15 trillion. It is worth noting that although exchange trading volume has been declining since the launch of spot ETFs, it is still relatively high compared to last year, at around $27 billion per day.

Thailand has extended the VAT exemption period for cryptocurrency trading in order to develop a digital asset center. The exemption applies to brokers and traders regulated by the Securities and Exchange Commission and exempts 7% VAT.

According to local media reports, Brazil's tax authority Receita Federal do Brasil (RFB) is strengthening its regulation of cryptocurrency taxation. The agency has found violations in more than 25,000 tax declarations, where taxpayers have at least 0.05 BTC in their wallets but did not disclose it. With all the violations, it is estimated that at least 1.06 billion Brazilian real (213 million US dollars) worth of BTC assets were not reported for taxation. The investigation that led to these findings combined traditional and artificial intelligence technology to identify taxpayers who omitted their cryptocurrency assets in their declarations. In addition, the agency has identified 181 statements submitted by foreign citizens that may be exempt from submission depending on certain conditions. It is reported that undisclosed assets in Brazil may be subject to fines and imprisonment for 6 months to 2 years. (Bitcoin.com)

Ben Armstrong, founder of the Web3 YouTube channel BitBoy Crypto, released a video on Youtube stating that his daily show discussing cryptocurrency trends is no longer financially feasible. Not only does it cost $25,000 per week to produce the videos, but also approximately $100,000 in legal fees per month.