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Golden Morning Post丨US Efficiency Department’s results fall far behind plan Binance: Be wary of WhatsApp scams
Editor
2025-01-25 10:02 8,629
Headlines

▌The U.S. Department of Efficiency (DOGE) announced the results of the first 80 hours of work, far behind schedule

The Department of Efficiency (DOGE) announced in an article on lease. According to calculations by BusinessInsider, this equates to about $126 million worth of contract cancellations every day. If the organization had worked at this rate for the 530 days between January 20, 2025, and July 4, 2026, approximately $67 billion in contracts would be canceled annually. (Note: The U.S. DOGE Services Interim Organization is due to terminate on July 4, 2026.) This will ultimately account for about 3% of Elon Musk’s original $2 trillion goal of cutting the federal budget, or 7% of his reduced $1 trillion goal %. Currently, DOGE is mainly focused on DEI (diversity, equity and inclusion) contracts and vacant buildings, but it cannot directly change the federal budget without congressional approval.

▌Binance CEO: Be wary of scam groups on WhatsApp

Binance CEO Richard Teng posted a message on the X platform to remind the community to beware of scam groups on WhatsApp. He advised users to remain vigilant and report any suspicious activity immediately.


Quotes

As of press time, according to Coingecko data:

BTC’s recent transactions The price was US$104,733, with an intraday increase or decrease of +1.2%;

ETH's recent transaction price was US$3,303.32, with an intraday increase or decrease of -0.4%;

BNB's recent transaction price was US$682.41, with an intraday increase or decrease of -0.6%;

SOL's recent transaction price was US$252.28, The intraday increase or decrease was +0.1%;

DOGE’s recent transaction price was 0.3501 yuan, the intraday increase or decrease was +0.1%;

XPR’s recent transaction price was $3.13, intradayChange +1.0%.


▌The U.S. Senate Banking Committee will hold a hearing on February 5, focusing on the issue of "de-banking" of crypto companies by banks< /p>

According to Fox reporter Eleanor Terrett, the U.S. Senate Banking Committee will hold a hearing on February 5 to focus on the "de-banking" of cryptocurrency companies by banks. question. Eleanor Terrett said that this is the first hearing on the topic of "debanking" in the history of the United States. Previously, the U.S. House Oversight and Reform Committee sent letters to heads of crypto companies such as Uniswap Labs CEO Hayden Adams, Coinbase CEO Brian Armstrong, and Kraken CEO David Ripley, asking them to explain their "de-banking" experiences.

The U.S. SEC may make its first decision on Solana ETF today

Including VanEck Solana submitted by four institutions including 21Shares, Canary and Bitwise ETF applications will usher in the SEC’s first review deadline on January 25, 2025, and these 19b-4 applications will be officially accepted by the SEC on November 21, 2024. According to the approval process, the SEC needs to make its first decision within 45 days after acceptance, and may choose to approve, deny or postpone. The market generally expects that the SEC may adopt a unified approach to review these Solana ETF applications.


Blockchain Application

▌VanEck Digital Asset Research Director: Petrobras will launch a Bitcoin mining R&D project

According to Matthew Sigel, Director of Digital Asset Research at VanEck Disclosure: Petrobras, one of the world's top ten oil companies, announced that it will launch a new research and development (R&D) project that includes Bitcoin mining and tokenization


Cryptocurrency

▌NoOnes CEO confirmed that the company suffered a security breach in early January, with losses amounting to approximately US$8 million

NoOnes, a peer-to-peer crypto trading platformNoOnes has confirmed it suffered a security breach earlier this month, resulting in the loss of approximately $8 million in crypto assets, CEO Ray Youssef disclosed. The disclosure comes shortly after crypto sleuth ZachXBT posted the news on his “Investigations by Zach” Telegram channel. Ray Youssef said the losses were caused by "the utilization of the Solana Bridge" on January 1. According to its status page, the company has taken steps to disable the secure bridge, which currently remains offline. Ray Youssef posted on Conducting a thorough penetration test. We apologize for the inconvenience.”

▌Buffett’s Berkshire Hathaway is gradually embracing cryptocurrency

Although Berkshire Hathaway CEO and Chairman Buffett has made his stance on cryptocurrencies clear on many occasions and has never hidden his dislike of cryptocurrencies, some recent actions show that Berkshire Hathaway and some other investment managers may be gradually embracing cryptocurrencies. It is reported that Berkshire Hathaway has invested millions of dollars in Nu Holdings Ltd., a Brazilian bank related to cryptocurrency, which has its own cryptocurrency platform and supports the cryptocurrency market. The bank’s stock rose 34% year-on-year. According to U.S. Securities and Exchange Commission (SEC) filings, Berkshire Hathaway's proportion of Nu shares increased from 0.1% in the fourth quarter ended December 31, 2022 to 0.4% in the third quarter of fiscal 2024. This means that as of the end of the third quarter of fiscal 2025, Berkshire Hathaway held more than 86 million Nu shares, worth nearly $1.2 billion. Buffett and Berkshire Hathaway are benefiting from an industry business that he has claimed to not understand well in the past. His previous statement that cryptocurrencies will not have a significant impact may need to be rephrased.

▌1,000,000 TRUMP transferred from Crypto.Com to an unknown wallet

According to on-chain data Tracking Service Whale Alert monitoring, at 7:50 Beijing time, 1,000,000 TRUMP ($29,601,000) was transferred from Crypto.Com to an unknown wallet.

▌Trump encryption project WLFI added 3,001 ETH and 95 WBTC 2 hours ago

On January 25, according to SpotOnChain monitoring, Trump’s encryption project World Liberty Financial spent US$20 million to add 3,001 ETH and 95 WBTC about 2 hours ago. In the past 5 days, this address has invested $210 million, including 35,995 ETH worth $119 million at an average price of $3,332, and 629.1 WBTC worth $66.84 million at an average price of $106,249. Currently, this address holds a total of 77,818 ETH (approximately $257 million) and 646.72 WBTC (approximately $67.6 million).

▌The number of altcoins currently exceeds 36.4 million, while the number of altcoins in 2017-2018 was less than 3,000

In news on January 25, on-chain analyst Ali tweeted that the number of altcoins currently exceeds 36.4 million; during the peak season of altcoins in 2017-2018, the number of altcoins was less than 3,000. In 2013-2014 There are even less than 500 species per year.


Important economic news

▌The U.S. Treasury Department’s cash reserves are facing variables, and strategists from Bank of America and other institutions said: It may affect the bond market

A change in leadership at the U.S. Treasury could change the department’s approach to cash parked at the Federal Reserve, a move that strategists warned could affect U.S. bond markets. Bank of America Corp. and Wrightson ICAP LLC, among others, have said the Treasury Department may reduce the amount of money it holds in accounts at the Federal Reserve as cash balances — the cushion of funds that ensure the U.S. can pay its bills — shrink. In a context where the debt ceiling has been reinstated and cash balances are shrinking, this would allow for the issuance of fewer short-term bonds, potentially saving taxpayers money.

▌The U.S. dollar index fell 0.56% on the 24th

The U.S. dollar index fell on the 24th. The U.S. Dollar Index measures the U.S. dollar against six major currencies.The world declined 0.56%, closing at 107.444 at the end of the Huijiu city. As of the end of the New York Market, the 1 -euro was exchanged for $ 1.0495, which was higher than the $ 1.0423 of the previous trading day; the pound was $ 1.2483, which was higher than the $ 1.2360 on the previous trading day. 1 US dollars exchanged 155.82 yen, which was higher than 155.81 yen on the previous trading day; 1 US dollars were exchanged for 0.9060 Swiss franc, which was lower than 0.9068 Swiss franc on the previous trading day; 1.4362 Canadian dollars.

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U.S. House of Representatives Supervision And the Reform Commission is investigating the so -called "de -banking" phenomenon of the encrypted industry. The committee wrote a letter of CEO of Uniswap Labs CEO Hayden Adams, Coinbase CEO Brian Armstrong, and Kraken CEO David Ripley and other crypto companies, asking them to explain the experience of "de -banking". The chairman of the committee James Comer (Republican-Kentucky) stated in a letter: "The committee hopes to understand whether the" de-banking 'phenomenon is derived from the financial institution itself or the behavior. " Fighting the latest measures for decentralization of banks. The legislators, including the Chairman of the House Financial Services Committee Flunch Hill, have vowed to investigate the bank's decentralization issue and say that his committee will take a "tough position".


Golden Encyclopedia

▌ What is tear drop attack in encryption?

In the cryptocurrency environment, teard attacks often target the decentralized characteristics of the blockchain platform. Even if they do not target the encryption algorithm of the blockchain, the underlying network infrastructure that the cryptocurrency depends on the cryptocurrency can cause service interruption, capital loss, and user trust. The attacker can interfere with the consensus process, transaction verification or node communication by focusing on specific nodes or servers. This may cause network fragmentation, delay, and even stop operation.

Disclaimer: As a blockchain information platform, the content of the article published is only for information reference and does not serve as actual investment suggestions. Please establish the correct investment concept, it is necessary to raise awareness of risk.

Keywords: Bitcoin
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