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▌The enactment of the U.S. "Bitcoin Act" will have a profound impact
According to Cointelegraph, cryptocurrency Research firm CoinShares said in a blog post on January 10 that the establishment of a reserve bank in the United States will accelerate the adoption of Bitcoin even faster than the launch of exchange-traded funds (ETFs) in 2024. In 2024, U.S. lawmakers proposed the Bitcoin Act, which would direct the U.S. Treasury Department to purchase 1 million BTC within 5 years to establish a “strategic Bitcoin reserve.” President-elect Donald Trump approved the plan, but it has not yet been passed into law. CoinShares said: "We believe that the enactment of the U.S. Bitcoin Act will have a more profound long-term impact on Bitcoin than the launch of ETFs." CoinShares said that "multiple interactions with institutional clients" indicate that Bitcoin as a The “credibility” of the asset class remains a major barrier to institutional adoption of BTC.
Bitcoin price outlook is still "structurally bullish"
News on January 11, According to Cointelegraph, Zach Pandl, head of research at Grayscale, said that despite temporary headwinds from macroeconomic data, the BTC price outlook remains “structurally bullish.” “Bitcoin appears to have been restrained by a stronger dollar driven by a more hawkish approach from the Fed and the threat of tariffs.” He added: “Today’s strong jobs report reduces the likelihood of a Fed rate cut, further supporting the dollar and "This may temporarily put pressure on Bitcoin prices." Furthermore, he said: "However, with the U.S. presidential inauguration approaching, this setback may be short-lived," adding that he still sees "the outlook for cryptocurrency valuations." Structurally bullish”.
Quotes
As of press time, according to Coingecko data:
BTC’s recent transactions The price is US$94,313.61, with an intraday increase or decrease of -0.2%;
ETH’s recent transaction price was US$3,276.86, with an intraday increase or decrease of +0.8%;
BNB’s recent transaction price was US$695.72, with an intraday increase or decrease of +0.6% ;
SOL's recent transaction price was US$186.68, with an intraday increase or decrease of -0.2%;DOGE's recent transaction price was 0.3376 yuan, The intraday increase or decrease was +1.1%;
XPR’s recent transaction price was $2.51, and the intraday increase or decrease was +6.6%.
▌Sberbank of Russia called for delaying the issuance of digital rubles
Russia previously It was announced that legislation has been advanced to set the issuance date of the digital ruble as July 1, 2025. However, representatives of the Russian Federal Reserve Bank (Sber) called for delaying the issuance of the digital ruble because of the related central bank digital currency (CBDC). The platform is still under development. It is reported that Sberbank’s deposit market share accounts for about 45% of the entire Russia. If the bank is not prepared, it may affect the issuance of digital rubles.
Blockchain application
▌The Graph releases Web3 knowledge sharing application Geo Genesis
Blockchain data indexing protocol The Graph announced the launch of knowledge sharing application Geo Genesis, which allows users to organize and share Web3 knowledge, aiming to enable inexperienced users to use Web3 and encourage participation in the decentralized ecosystem, The Graph is expected to use this to transform from asset-based protocols to knowledge-centric applications.
Cryptocurrency
▌Aiccelerate DAO's X account is suspected to have been frozen by the platform
Aiccelerate DAO's X account is suspected to have been frozen by the platform. The relevant content is currently inaccessible, and it displays "The account has been frozen, and X will freeze accounts that violate X rules." Launched by team members from Coinbase, Google, ai16z and other major players, Aiccelerate is a new decentralized autonomous organization (DAO) aimed at accelerating the integration of cryptocurrencies and artificial intelligence (AI). Its announcement shows that the DAO will focus on Promote decentralized, open-source AI development and support high-potential projects in different ecosystems.
▌Vitalik: Establishing a durable funding structure toInspiring open source, open standards and security are really important things
Ethereum co-founder Vitalik Buterin said in response to community users that "everyone in the technology world underestimates "To me, what's really important is building durable capital structures that incentivize open source, open standards, and security, discourage closed-mindedness and extractiveness, and generally Promote being a positive-sum participant in the wider ecosystem.
▌BlackRock, MicroStrategy and Fidelity have collectively bought approximately US$94 billion in Bitcoin in 2024
According to data platform Arkham Intelligence, BlackRock, MicroStrategy and Fidelity have collectively purchased approximately $94 billion worth of Bitcoin in 2024. Specifically, BlackRock, the world's largest asset management company, purchased $50 billion alone, while MicroStrategy managed to accumulate $24 billion worth of BTC. Fidelity is last on the list after acquiring $20 billion worth of BTC.
▌The sale of $6.5 billion in Bitcoin held by the United States must follow strict procedures
Asset In response to a question about Bitcoin in the United States, Reality’s Aidan Larkin said: “Basically, the recent court approval is a normal procedure for any civil forfeiture. And, it does not mean that the United States will immediately press the sell button on the sale of Bitcoin. A very strict process has to be followed.” He added: "At some point in the future it will go through the normal process. There will be a civil forfeiture application hearing. They will be approved and then it will go into the normal bailiff process and into the public domain." It is understood that Asset Reality is a US company that helps manage seized assets and has extensive experience in asset processing.
Important economic news
▌Institution: Gold is gradually becoming independent of the US dollar system, and gold is still a major asset class worthy of attention
At the beginning of 2025, the price of gold fluctuated and rebounded. On January 9, gold prices hit their highest level since mid-December. On January 10, gold prices moved higher again. Institutional analysis shows that in the medium to long term, gold and the U.S. dollar have shown "divergence" characteristics, and the trend of the U.S. dollar index does not have a decisive impact on the price of gold. Gao Ruidong, chief economist of Everbright Securities, analyzed that after Trump was successfully elected as the President of the United States, the “U.S."Priority" has pushed up the U.S. dollar index, causing the price of gold to fall. However, from a medium- to long-term perspective, gold and the U.S. dollar have shown "divergence" characteristics, and the trend of the U.S. dollar index does not have a decisive impact on the price of gold. In the current multi-polar global economy In the process of anti-globalization and anti-globalization, the dominant position of the US dollar in the international monetary system has begun to weaken, and gold is gradually becoming independent of the US dollar system and becoming a pricing "anchor" in times of uncertainty.
▌Macro outlook for next week: CPI and "horror data" may subvert interest rate cut expectations, and the Federal Reserve turns to a cautious stance
Next week, the United States will release multiple A number of major data, including PPI, CPI and "horror data", will continue to bring volatility to the market. The following are the key points that the market will focus on in the new week: At 21:30 on Wednesday, US December CPI data, US 1. Monthly New York Fed manufacturing index; At 21:30 on Thursday, the number of initial jobless claims in the United States for the week to January 11 and the monthly retail sales rate in December. As the Fed shifts to a more cautious stance, there are some encouraging signs in November's CPI report that price increases in housing and broader services categories have begun to ease. This makes the CPI report scheduled for next Wednesday. A downside surprise to the data is possible, but any slowdown is more likely In the first few months of 2025, rather than last December's CPI data, investors will focus on the U.S. December PPI data scheduled for next Tuesday, and on Thursday, all eyes will be on the market. Focus on the so-called "scary data" retail sales data.
▌Goldman Sachs expects the Fed to cut interest rates by 25 basis points at its June and December meetings
Non-farm Following the release of the data, Goldman Sachs now expects the Fed to cut interest rates by a total of 50 basis points this year, compared with its previous forecast of 75 basis points. The interest rates were cut by 25 basis points respectively at the meeting
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. Compared to storing all token metadata directly on-chain or via external links such as Different from traditional NFT stored in IPFS, cNFT Use Merkle trees to optimize data storage
Disclaimer: As a blockchain information platform, Golden FinanceThe content of the published articles is for informational purposes only and does not serve as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.