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Golden Morning News丨Biden plans to strengthen export controls on AI chips before leaving office, a16z executives and others compete for the position of CFTC chairman
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2025-01-09 09:02 1,643
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▌Biden plans to tighten export controls on AI chips before leaving office

According to foreign media reports, Biden in the United States plans to impose restrictions on the export of artificial intelligence chips from companies such as Nvidia (NVDA.O) before leaving office. A new round of restrictions. According to people familiar with the matter, the United States wants to restrict the sales of artificial intelligence chips used in data centers at the government and company levels, with the goal of focusing artificial intelligence development on friendly countries and forcing global companies to align with U.S. standards. The move will extend semiconductor restrictions to much of the world at a time when demand for AI technology is surging. People familiar with the matter said the new regulations, which would set three levels of restrictions on chip trading, could be released as soon as Friday. Affected by this news, Nvidia, AMD (AMD.O), etc. fell after the U.S. stock market opened.

▌Many crypto-friendly figures such as Kraken and a16z executives are vying for the position of chairman of the U.S. CFTC

According to Cryptoslate, Fox Business News reporter Eleanor Terrett reported , US President-elect Donald Trump’s transition team is looking for a cryptocurrency-friendly candidate to serve as the next Chairman of the Commodity Futures Trading Commission (CFTC). Competing for the position include current CFTC Commissioner Summer Mersinger, a16z crypto director and former CFTC Commissioner Brian Quintenz, and Kraken’s chief legal officer Marco Santori.

According to people familiar with the matter, they call Quintenz and Mersinger the "top candidates" for the position. Both purported top candidates have extensive experience and encryption qualifications. Mersinger is considered a thought leader at the intersection of crypto innovation and consumer protection. She is a frequent speaker at industry events and has been an advocate for balanced regulation to promote growth in the industry. Mersinger, meanwhile, has been a vocal advocate for a regulatory environment that is accommodating of crypto innovation, a stance he honed during his time as a CFTC commissioner and his current role at a16z. If elected, either candidate could lead the agency to develop policies that prioritize clarity and innovation in the U.S. crypto industry. ,

Although Quintenz and Mersinger are leading the way, several candidates are still on the shortlist, including Republican CFTC Commissioner Caroline Pham, who has a strong regulatory background and has held senior positions in the CFTC and is considered a supervisor. Neal Kumar and Josh Sterling from Experts. The Trump transition team has reportedly vetted at least six candidates for the position, reflecting its focus on finding a leader who fits its vision for the crypto industry.


Quotes

As of press time, according to Coingecko data:

The recent transaction price of BTC was US$94,861.69yuan, with an intraday increase or decrease of -2.2%;

ETH's recent transaction price was US$3,323.69, with an intraday increase or decrease of -2.3%;

BNB's recent transaction price was US$695.47, with an intraday increase or decrease of -2.3%. 1.0%;

SO L’s recent transaction price was US$196.98, with an intraday increase or decrease of -2.9%;

DOGE’s recent transaction price was 0.3422 yuan, with an intraday increase or decrease of -2.6%;

XPR’s recent transaction price was US$2.37 , the intraday increase or decrease was +3.1%.


▌Oklahoma state legislators submitted the "Bitcoin Freedom Act" to allow employees in the state to receive wages in Bitcoin

Oklahoma, USA Senator Dusty Deevers has filed the Bitcoin Freedom Act, SB325, which would allow Oklahoma workers to choose to receive their paychecks in Bitcoin and allow vendors to accept payments in Bitcoin. SB325 ensures that participation is completely voluntary, respects free market principles, and gives employees, employers, and businesses the right to choose the payment method that works best for them. SB325 is eligible for consideration in the 60th legislative session, which begins on February 3.

▌In his speech before leaving office, the Chairman of the U.S. CFTC focused on cryptocurrency and emphasized the necessity of the CFTC as its regulatory agency

U.S. Commodity Futures Trade Commission (CFTC) Chairman Rostin Behnam will resign as chairman on January 20 to make way for future appointees of President-elect Donald Trump. He spent much of his final public speech this week at the Brookings Institution talking about cryptocurrencies and the need to elevate the CFTC as its regulator.

Rostin Behnam said cryptocurrencies have “dominated every period of my tenure,” saying: “The lack of federal legislation has led to growing concerns about customer protections, fraud and market abuse, and broader Concerns about market resiliency and even financial stability are growing, and we've seen this happen historically where we've placed large swathes of financial operations outside of oversight and accountability, and we've seen time and time again that it ends badly. He also urged protection for investors “eager to include digital asset products in their portfolios.”


Blockchain Application

▌Avalanche Foundation provides grant to VIA Labs for the development of cross-chain protocol Proto-USD

Avalanche Foundation announced that VIA Labs has passed InfraBUIDL () plans to receive a grant. VIA Labs is using the funds to develop the Avalanche ecological cross-chain protocol Proto-USD.

According to reports, Proto-USD simplifies cross-chain liquidity and enables USDC to be used in AvalanchEasily transfer between e L1 and other networks, aiming to improve the accessibility, scalability and overall connectivity of the Avalanche ecosystem.

▌Solana urges validators to test the early version of the "Firedancer" upgrade

Solana is stepping up testing of Firedancer, a software upgrade that is expected to significantly increase the processing speed of the blockchain. According to messages in the Solana Technology Discord server, the Solana core development team hopes to have the “vast majority” of processing power in the on-chain low-risk test network running Frankendancer, an early version of Firedancer, by the end of the week. The call to action for Solana validators marks Firedancer’s biggest test yet. This upgrade has been in the works since the chain experienced frequent outages in 2022, and is seen as enhancing Solana’s stability and speed.

On Tuesday, the Solana Foundation used this subsidy reward and punishment mechanism for the first time to directly promote the adoption of Frankendancer. Validators have only a few days to switch their testnet systems to the new client or lose their delegated rights.

▌Vitalik: Polymarket is unique because it is suitable for solving real social problems

Vitalik Buterin posted on distrust)

Now or in the near future. What are the specific large-scale social problems that crypto is suited to help solve (in fact, we want to look for situations where centralized institutions are broken, not trusted, or widely considered harmful, and there is a large need to bypass them) ”< /p>


Cryptocurrency

▌Fidelity Digital Asset Analyst: BTC has been The inclusion of BTC in strategic reserves may significantly boost the crypto market in 2025

Fidelity Digital Asset analysts predict that the inclusion of BTC in multiple strategic reserves may significantly boost the cryptocurrency market in 2025. They believe that, inspired by the success of El Salvador and Bhutan, countries may secretly begin to accumulate digital assets to hedge against inflation and currency devaluation.

▌CryptoQuant Research Director: Bitcoin’s correction has caused traders’ unrealized profits to shrink significantly, but the market adjustment is healthy

CryptoQuant Research Director Julio Moreno posted on the X platform that the current Bitcoin The correction in currency prices has led to a sharp decline in unrealized profit margins for on-chain traders, after Bitcoin had previously exceeded $100,000. Analysis shows that thisThis kind of callback is normal after a sharp rise and is conducive to the healthy development of the market. Currently, traders are seeing realized prices (which typically form price support in bull markets) of around $88,000, while Bitcoin is trading at around $93,000.

▌Billionaire Mark Cuba: If the economy collapses, he would rather hold Bitcoin than gold

Billionaire Mark Cuba said that if the economy goes into trouble , he would rather own Bitcoin than gold. Mark Cuba said, "I think Bitcoin is more valuable."

▌Blast will launch mobile platform and token economics updates later this month

Ethereum Layer 2 Network Blast announced on X Platform: “Blast’s mobile platform will launch later this month with a tokenomics update. All Blast Dapps should ensure that points and coins are distributed to users prior to these changes. There will be no gold distribution in January. All users should also ensure to log into the Blast website with their own wallets. The official launch date will be announced soon. ” >▌Galaxy and Agora completed the first OTC transaction involving the stablecoin AUSD

According to the official announcement, asset management company Galaxy and stablecoin issuer Agora completed the first OTC transaction involving the Agora stablecoin AUSD. . Agora CEO Nick van Eck said in a statement: "This transaction marks the transition of AUSD from proof of concept to practical application."

Agora said that AUSD is a "builder-oriented Center's stablecoin aims to attract traders and developers through "gas-optimized" smart contracts. The company also said that the stablecoin is fully supported, with collateral held by one of the world’s largest asset managers and subject to regular reserve audits.


Important economic developments

▌Fed’s mouthpiece: The minutes of the meeting indicate that officials are generally unwilling to cut interest rates this month

“Fed mouthpiece” Nick Timiraos pointed out that the minutes of the Fed’s meeting further indicated that , officials are generally willing to keep interest rates unchanged at an upcoming meeting at the end of this month. "Participants indicated that the Committee was at or near an appropriate level to slow the pace of easing," the minutes said. Officials believed that based on their current outlook for economic activity, the Fed was likely to continue to move at a slower pace than in recent months. Cut interest rates.

▌Federal Reserve meeting minutes: The unemployment rate is expected to rise slightly

The minutes of the Federal Reserve’s December meeting stated that staff predicted that the U.S. economic situation will remain solid. Real GDP growth is expected to moderate slightly from the previous baseline forecast, and the unemployment rate is expected to rise slightly but remain close to staff estimates of the natural rate of unemployment. In the staff's baseline forecast, 20The 24-year inflation forecast is slightly higher than the forecast made at the last meeting, reflecting an upside surprise from some recent data, with inflation expected to fall to 2% by 2027, in line with the forecast at the November meeting.

▌Former Bank of Japan review committee member: The possibility of raising interest rates in March has increased

Former Bank of Japan committee member Makoto Sakurai said that in view of the unrest brought by the election of U.S. President Trump, There is growing certainty that the Bank of Japan will delay raising interest rates until March. "There seems to be too much uncertainty when Trump is commenting on various things. There may not be enough reasons to support a rate hike in January." Sakurai's speech came as BOJ watchers are looking for details about this month's or a hint of a rate hike later. Makoto Sakurai believes that the possibility of raising interest rates in March is as high as 70%, because the Bank of Japan may prefer to wait until the situation becomes clearer in the first few months after Trump takes office before taking action.


Golden Encyclopedia

▌What is compressed NFT?

CNFT is a newer non-fungible token that utilizes state compression technology to store data more efficiently on Solana. Unlike traditional NFTs, which store all token metadata directly on-chain or via an external link such as IPFS, cNFTs use Merkle trees to optimize data storage.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.

Keywords: Bitcoin
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