The Thai Securities and Exchange Commission has ordered cryptocurrency exchange Zipmex to suspend its digital asset trading and brokerage services.As of February 1st, the Thai Securities and Exchange Commission found that Zipmex did not meet the requirements.Zipmex must correct its financial situation and take measures to prevent the misuse of customer funds within 15 days, and can only resume normal operations after obtaining approval from the Thai Securities and Exchange Commission.

Web3 digital asset company Metavesco (OTC PINK stock code: MVCO) announced the launch of a $1 million stock repurchase plan. This repurchase transaction has been authorized by the company's board of directors and will be implemented in accordance with the revised Section 10b-18 of the Securities Exchange Act of 1934, which allows for repurchases to be made on the open market at prevailing market prices or through privately negotiated transactions from time to time. The plan is expected to end on February 1, 2025.

Digital asset investment products saw significant outflows from a global perspective, totalling US$500m. The outflows in Grayscale last week totalled US$2.2bn, although data suggests outflows are beginning to subside as the daily total continued to reduce towards over the week. In stark contrast, newly issued US ETFs saw inflows totalling US$1.8bn last week, and since launch on 11th January 2024 have seen US$5.94bn of inflows.

According to CoinShares' weekly report, digital asset investment products saw a $500 million outflow of funds last week. Grayscale's outflow of funds amounted to $2.2 billion last week, although data shows that with the continuous decrease in daily total capital inflows this week, the outflow of funds has begun to decline. In stark contrast, last week's newly issued US ETF saw a total inflow of $1.8 billion, with a total inflow of funds reaching $5.94 billion since its launch on January 11, 2024.

According to CoinShares' weekly report, there was a small outflow of funds from digital asset investment products last week, totaling $21 million. However, Bitcoin trading volume reached $11.8 billion, seven times the weekly trading volume in a typical week in 2023. In terms of regions, the United States saw an inflow of $263 million, while Canada and Europe saw an outflow of $297 million in total, indicating that assets have shifted slightly to the United States, where costs are currently more competitive. Although the trading volume of $11.8 billion accounts for 63% of all trusted Bitcoin exchange trading volume, the total outflow of funds for Bitcoin was $25 million, highlighting that ETP activity is currently dominating overall trading activity.

CoinShares' latest "Digital Asset Fund Flow Weekly Report" released on January 15th showed that digital asset investment products achieved a capital inflow of $1.18 billion last week, which did not break the record of $1.5 billion set when Bitcoin ETF futures were launched. The trading volume last week reached a historic high of $17.5 billion, compared to an average weekly trading volume of $2 billion in 2022. Among these inflows, the United States dominated and achieved a capital inflow of $1.24 billion, while Europe experienced a slight outflow of funds.

A good start to 2024, with US$151m inflows

2023 inflows 2.7x greater than 2022, Bitcoin the main benefactor

CoinShares research director James Butterfill posted on X platform stating that last week net inflows of digital asset investment products reached $243 million, bringing the total fund flow for 2023 to $2.2 billion.

The internet police of the Fuzhou Public Security Bureau in Jiangxi Province clarified on Weibo that recently, some netizens have spread false information about "Fuzhou Public Security Bureau being approved to dispose of large amounts of foreign digital encrypted currency" on platforms such as Weibo and Today's Headlines. After verification, the related content is false information. The Fuzhou internet police remind the majority of netizens not to fabricate, believe or spread rumors, and the public security organs will severely crack down on internet rumors and maintain a clear online environment in accordance with the law.