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▌Ethereum's Pectra upgrade will start testing in February, and the upgrade is expected to be logged on to the Ethereum main network in April.
Ethereum's "Pectra" upgrade will be logged on to Holesky in February and March. and Sepolia testnet. Pectra will include a range of improvements with a special focus on wallets and validators. If these tests are successful, developers will meet again on March 6 to determine when the upgrade will be officially launched.
Some developers now say it may land on the mainnet in early April. Pectra is a mixed word that represents two separate upgrades, namely Prague and Electra, which contains eight major improvements to the second largest blockchain. The most anticipated of these is EIP-7702, which is designed to improve the user experience of crypto wallets. Another major feature of Pectra, EIP-7251, will allow validators to increase their stakes – from 32 ETH to 2,048 ETH.
▌Solayer announced the economics of LAYER tokens: the maximum supply of 1 billion pieces, 51.23% is allocated to communities and ecology
Solana re-staking platform Solayer announced the tokens of its governance token LAYER In economics, the maximum supply of LAYER tokens is 1 billion, and the initial circulation is 220 million. The allocation accounts for the following: ①51.23% are allocated to communities and ecosystems: of which 34.23% are used for continuous R&D, developer programs, ecosystem development and other user activities; 14% are used for community activities/incentives (12% are reserved for Genesis Drop, which includes rewarding early adopters and other initial application activities); 3% is allocated through Emerald Card Community Sales. ②17.11% are allocated to core contributors. ③16.66% have been sold to investors. ④15% is allocated to the Solayer Foundation to support product expansion and network development.
About LAYER Genesis Airdrop, the second LAYER allocation is aimed at existing community members who have supported Solayer since they went online in 2024. Solayer retains 12% of the total supply to Solayer community members, integration partners and liquidity providers, as well as users who meet the following qualifications: Solayer sSOL and sUSD holders, users who delegate sSOL to AVS partners, in partnership Users who deposit sSOL or sUSD in the DeFi protocol, users who deposit whitelist LST (liquidable staked tokens) on Solayer, users who deposit Solayer through partners and wallet activities, LRT protocol, and other claim plans.
Trending the press, according to Coingecko data, BTC's latest transaction price is US$96,741.41, with an intraday increase and fall of -0.0%;
ETH's latest transaction price is US$2,702.12, with an intraday increase of -3.3%;
BNB's latest transaction price is US$573.35, with an intraday increase of +0.2%;
SOL's latest transaction price is 190.90 US dollar, daily increase and decrease of -3.4%;
DOGE's latest transaction price is 0.2499 US dollars, daily increase and decrease of -3.0%;
XPR's latest transaction price is 2.33 US dollars, daily increase and decrease of -2.9%.
▌US SEC promotes XRP, Litecoin, and Solana ETF applications
The U.S. Securities and Exchange Commission (SEC) traded funds on multiple cryptocurrency exchanges on February 6 The (ETF) application has been updated, marking the gradual advancement of regulatory authorities in the approval process of cryptocurrency ETFs.
Key progress includes: Grayscale's Solana and Litecoin ETF applications have received the official acknowledgment (recognition) from the SEC. BlackRock submitted a proposal for the iShares Bitcoin ETF allowing physical creation and redemption. Cboe has submitted multiple 19b-4 documents to apply for listing and trading XRP ETFs issued by Bitwise, 21Shares, Canary Capital and WisdomTree.
This move is seen as an important signal for the SEC to gradually accept cryptocurrencies as a mainstream financial asset in the context of the new cryptocurrency-friendly context. Analysts believe that progress in ETF application for Litecoin, Solana and XRP may pave the way for approval of more cryptocurrency ETFs.
▌Cboe BZX submitted 19b-4 application form for spot XRP ETFs for Bitwise and other issues
Cboe BZX Exchange submitted 19b on behalf of Bitwise, 21Shares, WisdomTree and Canary Capital. -4 Files to list and trade spot exchange-traded products that track XRP (the fourth largest cryptocurrency by market capitalization).
19b-4 Application is the second part of a two-step process for filing a cryptocurrency ETF application to the SEC. Once approved by the Securities and Exchange Commission, the application will be published in the Federal Register, thereby starting the agency's approval process.
Bitwise filed its first registration for the spot XRP ETF in October, while 21Shares filed its S-1 registration statement for the XRP ETF with the SEC in November.
▌U.S. federal judge severely criticized the FDIC's behavior in the Coinbase lawsuit, calling its practices "ridiculous"
U.S. federal judge Ana C. Reyes has harshly criticized FDIC's actions in Coinbase's case against Federal Deposit Insurance Corporation (FDIC). Judge Reyes pointed out that the FDIC failed to provide a large number of documents related to Coinbase's previous Freedom of Information Act (FOIA) request and may have destroyed some of the case information.
At the hearing, Judge Reyes asked FDIC lawyer Andrew Dober why he adopted an "extremely narrow and illogical" explanation of the FOIA request, calling its approach "almost ridiculous." Dober's lawyer tried to ask the court to suspend the case for three weeks on the grounds of a change of leadership, but the judge refused and asked him to answer questions immediately.
The lawsuit stems from Coinbase's attempt to obtain documents from the FDIC sending "suspend letters" to banks to limit cryptocurrency-related activities. This action is called "Operation Choke Point 2.0" by industry participants.
Blockchain application
▌CryptoQuant CEO: PoliFi may become a killer application in the crypto industry
CryptoQuant CEO Ki Young Ju posted on the X platform, saying, "PoliFi may become Become a killer application in the crypto industry. A powerful crypto asset can attract capital and talent through fascinating narratives, forming a self-constructed Internet organization. The influence of a narrative depends on the following three points: it can resonate with most people; Extreme, provocative themes; can stir up heated debate. Politics meets these three criteria, it is widely relevant, highly controversial, and naturally polarized. Political parties should issue their own tokens. Members can invest These tokens to enhance the sense of belonging, while the free market quantifies public sentiment. With its natural narrative advantage, these communities will be self-sustaining and highly active. Imagine the U.S. Republican and Democratic Party launching the official PoliFi token, ETF Tracking tokens backed by politicians. Trump Coin may be just the beginning. ”
Cryptocurrency
▌Copper will provide cryptocurrency custody services for Fineqia’s cryptocurrency ETN
Digital asset firm Fineqia AG has partnered with cryptocurrency custodian Copper to provide custody solutions for its exchange-traded notes (ETN) business, a move the company says will increase the reliability and transparency of its products. Under the new agreement, Copper will protect underlying assets held by Fineqia's ETN, including Fineqia FTSE Cardano Enhanced Yield ETN, a product that provides direct exposure to Cardanomouth.
As of January 29, the product managed more than $45 million in assets. About 10 months after FineqiaAG was initially approved, CardanoETN began trading on the Vienna Stock Exchange.
▌Michigan’s $20 billion state pension fund disclosed holdings $9 million in Bitcoin ETF
According to Cointelegraph, Michigan’s $20 billion state pension fund disclosed Holds $9 million in Bitcoin ETF.
▌Trump family crypto project WLFI plans to create a "strategic reserve" with purchased tokens
U.S. President Trump's DeFi project World Liberty Financial (WLFI for short) Co-founder Chase Herro said the platform plans to create a "strategic reserve" with purchased tokens. Herro did not specify what World Liberty’s goal is to hold the token reserve. This topic has attracted much attention since Trump pledged to establish a token reserve during his campaign last year. Last month, he signed an executive order requiring an assessment of the feasibility of creating a digital asset reserve. Donald Trump Jr. made a appearance at the Ondo Summit at the Lincoln Center Jazz Hall on Thursday, the president's latest move to showcase support for the digital asset industry.
While World Liberty is advertised as a DeFi lending platform, it has not yet begun operations. So far, the project is known for buying niche tokens.
▌Bloomberg analyst: Still firmly believe that Litecoin will be the next SEC-approved spot ETF product
Bloomberg analyst James Seyffart posted on X platform that he still insisted on the previous one From the perspective of Litecoin will be the next SEC-approved spot ETF product. Earlier in the day, the SEC had begun accepting Grayscale Litecoin Trust’s 19b-4 application form.
▌Crypto company Gemini is considering an IPO this year
People familiar with the matter revealed that Gemini, a cryptocurrency company backed by billionaire Winklevoss brothers, is considering an IPO this year. Sources said that the company and hosting firm are currently discussing the possibility of a listing with potential consultants and no final decision has been made yet, as the information has not been made.
Gemini currently has more than 500 employees in New York, Seattle, Singapore, London, Dublin and Gurgaon, India, according to the company’s website.
Important Economic Trends
▌U.S. bond market responded indifferently to U.S. Treasury Secretary Bescent on Thursday to control for 10 years U.S. Treasury yield commitments face some doubts in bond markets as inflationary pressures and widening federal deficitsThe expectations may overshadow efforts to curb borrowing costs. "While Trump wants to lower interest rates, he will not ask the Fed to cut interest rates," Becent said in an interview yesterday. "President Trump and I are both focused on 10-year U.S. Treasury yields." But bond investment Those and analysts still don’t believe Becente’s comments as Trump’s trade and fiscal policy are expected to push up long-term Treasury yields despite falling energy prices and cutting spending. "The bigger problem in comprehensive inflation is the service industry inflation, and the inflation stickiness that has been widespread in the past few months," said Padhraic Garvey, head of research at the American region at Dutch International. “The tariff agenda will only put upward pressure on prices and, in fact, may be more influential than the energy price control plan,” he added.
▌Federal Logan: 2% inflation is not a necessary condition for FOMC rate cuts
Federal Logan said that the choice in 2025 can be attributed to "resume as soon as possible" or "a considerable length of time Keep interest rates unchanged for a while. If the U.S. job market deteriorates, the Federal Reserve may cut interest rates. The labor market remains strong, which may mean interest rates are close to neutral levels. A 2% inflation is not a necessary condition for FOMC rate cuts. Major central banks must anchor inflation expectations. Changes in trade may continue to affect the economy.
Golden Encyclopedia
▌ What is chain abstraction?
The chain abstraction in a blockchain works by providing a single interface that enables users and developers to interact with multiple blockchains without managing the complexity of each individual chain. Chain abstraction solutions are still under development and many companies are working to solve the problem. At the moment, how this all works is not an exact science, but a multi-chain solution may allow users to seamlessly use Web3 from one account.
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