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▌Binance was sued in Nigeria and asked to pay a fine of up to $81 billion
Nigerian authorities sued cryptocurrency exchange Binance for compensation of more than $79 billion in economic losses and 2 billion USD reimbursement taxes. That amount is almost 19 times the $4.3 billion fine that Binance paid in 2023 after admitting to violating the U.S. Banking Act. According to reports, the Nigerian Taxation Federal Taxation Agency (FIRS) also claimed that Binance operates illegally within the country.
▌The EU MiCA approves 10 stablecoin issuers, Tether is not listed
The EU's Crypto Asset Market Supervision Act (MiCA) is compliant and stable The list of coin issuers has been announced. 10 institutions including Circle, Crypto.com, Societe Generale, were approved to issue euro and US dollar stablecoins, involving a total of 10 euro stablecoins and 5 US dollar stablecoins. Tether (USDT, with a market value of over US$141 billion), the world's largest stablecoin issuer, did not appear on the list.
Trending as of press time, according to Coingecko data, BTC's latest transaction price is US$96,616.72, with an intraday increase and fall of +1.1%;
ETH's latest Transaction price is US$2,715.90, with an intraday increase of +1.7%;
BNB's latest transaction price is US$651.11, with an intraday increase of +0.6%;
SOL's latest transaction price is US$169.03, with an intraday 0.3% increase or decrease;
DOGE's latest transaction price is $0.2549, with an intraday increase or decrease of 1.3%;
XPR's latest transaction price is $2.74, with an intraday increase or decrease of 6.8% .
▌U.S. President Trump: It will announce tariffs on automobiles, semiconductors, chips, pharmaceuticals and possible wood within one month
U.S. President Trump It said it will announce tariffs on automobiles, semiconductors, chips, pharmaceuticals and possible wood within the next month or earlier.
▌Trump: Biden’s war on bitcoin and cryptocurrency has ended
U.S. President Trump said I have signed an executive order , to put the United States in the field of artificial intelligence and end Biden’s war on bitcoin and cryptocurrencies, marking the arrival of a new era of digital assets.
▌The ETF Store President: US SEC has acknowledged the 19b-4 file submitted by Cboe
Nate Geraci, president of The ETF Store, said on social platforms that the SEC has acknowledged the file submitted by Cboe 19b-4 file, which seeks approval for staking functionality in 21Shares Core Ethereum ETF.
▌Trump: Consider allocating 20% of the funds saved by the Ministry of Efficiency to Americans
U.S. President Trump said he is working hard to balance the budget immediately. I hope to achieve a balanced budget, but I don't want to make a commitment now. Trump said he was considering distributing 20% of the money saved by the Department of Efficiency (DOGE) to Americans, and he might also use DOGE to save 20% of the money to repay debts.
▌U.S. Department of Justice: Prosecutors filed a civil confiscation lawsuit against a crypto investment fraud case and recovered crypto assets
According to the official website of the US Department of Justice, the US prosecutors committed a crypto investment fraud against a crypto investment fraud The case filed a civil confiscation lawsuit, recovering crypto assets such as 7.24 BTC, 14,120 USDT, 105.75 ETH, etc. The investigation shows that a Massachusetts resident was lured to join a fake investment group and was deceived to transfer funds to a suspicious trading platform. Law enforcement found that at least three victims across the United States sent money to the same platform, with some of the funds sealed in October 2024. The prosecution stressed that using telecommunications means to defraud or conceal the proceeds of crime are federal crimes, and the relevant assets will be returned to the victims after the civil lawsuit is over.
▌The US SEC solicits public opinion on the WisdomTree XRP ETF proposal
The U.S. Securities and Exchange Commission (SEC) officially accepted the WisdomTree XRP ETF application on Wednesday and solicited opinions from the public. The SEC requires the relevant comments to be submitted within 21 days of the publication of the Federal Register. The agency may decide to approve, reject or ‘initiate further review procedures’.
▌Montana Strategic Bitcoin Reserve legislation has passed the committee's review and is about to enter the House of Representatives voting stage
According to market news, the United States Strategic Bitcoin Reserve legislation has been Passed the committee's deliberation and will soon enter the House of Representatives' voting stage.
Previously reported that on February 9, the House of Representatives Act of Montana, United States, will authorize until July 15, 2025, the state Treasury Secretary will need to invest up to $50 million from a general fund. 'A digital asset with a market capitalization of over $750 billion', i.e. Bitcoin. These investments must be held by qualified custodians or traded funds through trading platforms.
Blockchain Application
▌FOX Reporter: Canary Capital launches AXL Trust Fund, the first trust to provide blockchain interoperability investment
FOX Business Reporter Eleanor Terrett shared that Canary Capital launched the AXL (Axelar) trust fund Canary AXL Trust, which will include native tokens of the Axelar network and is the first investment trust to provide investment in a common blockchain interoperability protocol.
- The Axelar protocol has become the leading cross-chain protocol, and work closely with Ripple to support the interoperability of its stablecoin RLUSD.
- Axelar acts as a bridge between XRP Ledger and XRP Ledger EVM (Ethereum-compatible network).
- The trust will provide institutional investors with investment opportunities in blockchain interconnected technologies, connecting Web3 ecosystems such as XRP Ledger, Hedera, Stellar, TON, Sui, Solana and Bitcoin.
Cryptocurrency
▌Coinbase CEO: Individuals are not Meme currency traders, Coinbase listing adheres to the principle of "free market"
Coinbase CEO Brian Armstrong uses Meme currency on X platform He expressed his views on the craze, saying that although he is not a Meme currency trader, he believes that Meme currency has become a phenomenon that cannot be ignored in the cryptocurrency field. From early Dogecoin to various Meme coins today, although these tokens seemed like "toys" at the beginning, they may evolve into more powerful tools over time.
About Coinbase’s listed standards, Brian Armstrong said that from the first principle, we believe in free market capitalism. If our customers want it, and it is legal, our goal is to let them make their own choices. But our job is to provide them with the best information we can find so that they can make informed choices. If the token is a scam or a fraud, we will delete it. But if it's just low quality, customers should be able to see comments or community notes and make their own choices. We want to provide useful information to consumers rather than play the role of judges and juries, or endorse/recommend investments.
▌Strategy has approximately 1,400 institutional shareholders and holds approximately $34 billion worth of MSTR shares
Strategy (formerly known as MicroStrategy, led by Michael Saylor ) While accelerating the purchase of Bitcoin in the fourth quarter of 2024, institutional investment managers are also raising their holdings of MSTR stocks in a large manner.
According to the latest 13F report submitted, institutional investment managers who manage at least $100 million in equity assets continued to increase their holdings in MSTR in the fourth quarter. According to Fintel data, Strategy currently has about 1,400 institutional shareholders and holds about $34 billion worth of MSTR shares. Vanguard, the world's second largest asset management company, sold about 1.5 million MSTR shares between the third and fourth quarters, but still ranked as the largest shareholder with a holding of 16.3 million shares. Capital International Investors holds 12.5 million shares, while BlackRock follows closely with 11.2 million shares.
It is worth noting that institutions also hold nearly $37 billion worth of MSTR options, double the previous quarter. Susquehanna International Group holds 16.8 million shares of put options, while Citadel Advisors follows with 13.6 million shares of put options. Meanwhile, Jane Street holds 13.6 million calls, showing more optimistic market expectations.
▌Billionaire Mark Cuban suspends Meme coin plan, saying it needs major changes
Billionaire Mark Cuban announced that it will suspend the Meme coin plan, saying it needs major changes.
On January 21, Mark Cuban posted: "If Meme coins were feasible, maybe I would issue one. The same terms as TRUMP, 20% circulating supply, the same release schedule. There is one The difference is that all the income from selling tokens is to the U.S. Treasury Department. The wallet address will be published so that everyone can track it. If you want to gamble, come on. But at least use it to reduce U.S. debt.”
▌Institutional's Q4 2024 Bitcoin spot ETF positions increased by more than 200% compared with Q3
According to data from 13F documents submitted by the institution to the U.S. Securities and Exchange Commission (SEC), pension The size of spot Bitcoin ETFs held by large institutions such as gold or hedge funds tripled in the fourth quarter of 2024.
As of Q4 2024, institutional investors held $38.7 billion worth of spot Bitcoin ETFs. That figure is more than three times that of Q3, which reported holdings of just $12.4 billion.
The Wisconsin Investment Commission has increased its BlackRock iShares Bitcoin Trust (IBIT) shares to slightly above 6 million shares. Billionaire hedge fund investor Paul Tudor also nearly doubled its IBIT holdings from 4,428,230 shares to 8,048,552 shares.
Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, said 1,100 institutional holders of IBIT have filed a 13F account. And most newly launched ETFs usually have less than 10 institutional holders.
▌Vitalik Buterin: Ethereum is not a commercial company. If Ethereum becomes a company, it will lose its meaning.
Ethereum co-foundedVitalik Buterin answered the question "Do you think Ethereum needs more commercial management?" in a text AMA held on the Tako platform, saying: "I think Ethereum is a decentralized ecosystem, not a company, if Ethereum becomes Company, we will lose most of the meaning of Ethereum. In fact, there are many large companies in the Ethereum ecosystem: consensys, various client teams (nethermind, nimbus, etc.), Coinbase, L2 teams (including aztec and intmax, their privacy technology is very interesting and underestimated by many people). The best way is to find ways to give these companies more opportunities to realize the advantages of the company, and the foundation serves as a coordination role. "
Important economic trends
▌Federal Bostic: Confidence in the economic outlook in 2025 has decreased
Federal Bostic said that confidence in the economic outlook in 2025 has decreased. It is difficult to take into account all potential changes in the economic outlook; unanticipated inflation progress will show a straightforward trend. The Fed did not cut interest rates significantly last year and is still binding; satisfied with the suspension of interest rate cuts to observe economic development. The Fed is approaching its balance sheet threshold level, and debt ceilings are a factor in determining that; it is hoped to focus on the balance sheet every day to ensure that assets shrink without excessively.
▌The probability of the Federal Reserve keeping interest rates unchanged in March is 97.5%
According to CME's "Feder Observation": The probability of the Federal Reserve keeping interest rates unchanged in March is 97.5%, and 25 interest rates are cut The probability of the basis point is 2.5%. The probability of maintaining the current interest rate unchanged by May is 88.9%, the probability of a cumulative interest rate cut of 25 basis points is 10.8%, and the probability of a cumulative interest rate cut of 50 basis points is 0.2%.
▌Feder Vice Chairman Jefferson: Currency is still restrictive
Feder Vice Chairman Jefferson said that currency is still restrictive. The U.S. economy is performing quite strongly; the U.S. labor market is stable, inflation has slowed but is still at a high level, and the road to returning to the 2% inflation target may be bumpy; the Federal Reserve can wait while considering the next currency; the Federal Reserve's interest rate cut is reducing actual borrowing costs .
▌The three major U.S. stock indexes all closed slightly higher
The three major U.S. stock indexes all closed slightly higher, with the S&P 500 rising 0.24%, continuing to hit a record high; the Dow Jones Industrial Average rose 0.16%. , the Nasdaq rose 0.07%. Intel fell by more than 6%. Palantir fell about 10%, the biggest single-day drop since August last year.
▌Analysts: Under many influencing factors, US stocks still tend to be positive
On Wednesday, US stock markets hovered between slightly rising and slightly falling, and investors analyzed the Fed Minutes of the January meeting and digested the tariff measures announced by Trump. The S&P 500 is expected to hit a record closing high for the second consecutive day, with the Nasdaq basically flat and the Dow slightly lower. "Faced with high valuations, lower first-quarter earnings expectations and uncertainty in global trade, the market still tends to be on the positive side," said Sam Stovall, chief investment strategist at CFRA Research, New York. In minutes of the Fed's January meeting, stubbornness," said the Fed's report. Policymakers expressed concern about the impact of inflation and the possible impact of Trump's proposals, especially tariffs, on their efforts to reduce price growth to their targets. Stovall added: "The Fed will continue to rely on data, and they are not in a hurry to cut interest rates. (It is true) there is no new news, but there is also no unexpected negative news."
▌Feder Minutes: Hope it is See further progress in inflation before the rate cut
Minutes of the Federal Reserve meeting show that the Federal Reserve hopes to see "further progress in inflation" before deciding to cut interest rates again. The Federal Reserve stabilized interest rates in the range of 4.25%-4.5% at its last meeting on the grounds that inflationary pressure was rising, and the market expected that interest rates would not be cut in March. According to the minutes of the meeting, the committee agreed that “the Fed has sufficient time to assess the prospects of changing economic activity, labor market and inflation.” Many economists and market strategists worry that tariffs and stricter immigration may increase inflationary pressures, potentially offsetting the positive impact of lower taxes and relaxation of regulation. The Fed has previously shown that it is not in a hurry to cut further interest rates due to continued high inflation. Inflation has fallen from post-epidemic highs, but is still stubbornly above the Fed's ideal level. For example, the Consumer Price Index rose 3% year-on-year in January, the fastest pace in seven months and also higher than the Fed's 2% target.
Golden Encyclopedia
▌What is Fractal Bitcoin
Fractal Bitcoin is an innovative blockchain expansion solution based on recursive virtualization technology, by creating multi-layer Network structure to enhance Bitcoin’s scalability while maintaining secure connection to the main network. The creative background of fractal Bitcoin originated from the emergence of the Ordinals protocol and related applications in 2023. For security reasons, Bitcoin imposed restrictions on opcode and block storage space in its iteration. When the Bitcoin chain ecosystem was developing rapidly, there were limitations in on-chain computing power and block space, so the developers proposed that The concept of fractal Bitcoin is expected to solve the shortcomings of the Bitcoin network.
Disclaimer: As a blockchain information platform, the content of the articles published by Golden Finance is for information reference only and is not used as actual investment advice. Please establish the correct investment philosophy and be sure to improve your risk awareness.
