News center > News > Headlines > Context
Golden Morning Post 丨Trump has instructed Musk to review US Department of Defense spending SEC postpone BlackRock Ethereum ETF options trading resolution
Editor
3 hours ago 1,802
Headlines

▌Trump: Musk has been instructed to review US Department of Defense spending

U.S. President Trump said that he has instructed Elon Musk to review US Department of Defense spending . On January 20, local time, US President Donald Trump signed an executive order on the day of his oath of office to form an advisory committee called the Department of Efficiency (DOGE) in order to launch major reforms to the federal government.

▌U.S. SEC postponed BlackRock Ethereum ETF options trading resolution to April 9

The U.S. Securities and Exchange Commission (SEC) postponed BlackRock Ethereum on Friday ETF Options Trading Resolution.

The U.S. Securities and Exchange Commission said in its filing that it would postpone the decision to approve or not approve it until April 9, 2025. "The Commission considers it necessary to designate a longer time to issue an order to approve or not approve proposed changes in the proposed rules so that there is sufficient time to consider the proposed changes in the rules and the issues raised," the agency said. hr//market

As of press time, according to Coingecko data, BTC's latest transaction price was US$96,493.35, with an increase of -0.3% intraday increase of -0.3%;

ETH's latest transaction price was US$2,631.01, Intraday increase and decline -2.7%;

BNB's latest transaction price is US$578.01, and its intraday increase and decline +0.8%;

SOL's latest transaction price is US$192.17, its intraday increase and decline +0.6 %;

DOGE's latest transaction price is US$0.2472, with an intraday increase and decrease of -1.1%;

XPR's latest transaction price is US$2.39, with an intraday increase and decrease of +2.4%.


▌Tornado Cash developer Alexey Pertsev will still face a 64-month prison after being released

Tornado Cash developer Alexey Pertsev is released after serving nine months in a Dutch prison , but will still face a 64-month prison term.

Pertsev will remain under house arrest and under electronic surveillance before the trial, and co-developers Roman Storm and Roman Semenov are also facing legal lawsuits. Storm may be sentenced to 45 years in prison at his trial in April, and Pertsev thanked the donors, saying: "Freedom is priceless...my struggle is not over yet. p>

U.S. Florida Senator proposed Bitcoin Investment Act

U.S. Senator Joe Gruters, Republican of Florida, proposed a bill Friday to allow states to invest in Bitcoin and other cryptocurrencies. In the bill, senators recommend allowing Florida's chief financial officer to use public funds to "invest Bitcoin and other numbers for a certain purpose," he said.” .

In October last year, Florida Chief Financial Officer Jimmy Patronis said the state holds about $800 million in “cryptocurrency-related” investment. He also once said if Donald Trump Donald Trump is elected president and the amount of money investing in cryptocurrencies in the state may increase, with the new bill suggesting that Florida's chief financial officer "investment in bitcoin cannot exceed 10% of the total funds of any account."

Some of the public funding sources mentioned in the bill can be used to invest in Bitcoin, including general income funds, budget stability funds, trust funds “and all institutional funds from state institutions and judicial departments.”

▌The acting chairman of the US CFTC is implementing a pilot program tokenization supported by stablecoins

Caroline Pham, acting chairman of the US Commodity Futures Trading Commission, is implementing a pilot program tokenization supported by stablecoins. It is also planned to hold a digital asset CEO forum, and the upcoming summit will include heads of Coinbase, Ripple, Circle, Crypto.com and other digital asset companies.

Pham has passed its advisory committee—Global Markets The advisory committee proposed the idea of ​​creating a so-called tokenized regulatory sandbox, but the agency's former leadership did not adopt it.

The agency said the idea was based on what Caroline Pham called "responsible" Innovations will drive the use of non-cash collateral “through distributed ledger technology”. The date and further details of the Digital Asset CEO Forum have not been determined.


Blockchain Applications

▌ Report: Telegram game user retention rate hovers at 5-20%, far lower than the traditional game benchmark

Data analysis company Helika released a report saying that Telegram game user retention rate "hovered at 5-20%, far lower On the traditional gaming benchmark (20% to 30%)”.

The analysis company also said disappointing airdrops, especially the “Hamster Kombat” airdrop, led to the “excitement” of Telegram click-to-earth games Dissipated, after the airdrop, Hamster Kombat's user base plummeted from 300 million in August to 41 million in November.

The company added: "As the attractiveness of Easy Sky Investment Fund gradually fades, similar The number of DAU/MAUs in applications has decreased, and the activity of the entire ecosystem has also decreased. ”

DCG CEO: The company has invested $105 million in more than a dozen deAI projects

In a letter from shareholders of Digital Currency Group, CEO Barry Silbert talked about deAI (Decentralized AI): The cryptocurrency industry’s efforts to integrate artificial intelligence innovation with blockchain technology. He believes that the integration of deAI, a technology that is fusion of deAI, may bring better returns to humans than closed systems developed by OpenAI and other giants.

It is reported that DCG has invested $105 million in more than a dozen deAI projects, and Barry Silbert said that deAI has a greater opportunity than Bitcoin. “We are moving from digital ownership of assets to smart decentralized ownership and the availability of a large number of decentralized computing resources, and deAI may herald a power revolution rather than a currency revolution to cryptocurrency As a mechanism to allocate ownership and governance rights for strong AI models”.


Cryptocurrency

▌Receipts Depositary, a startup founded by former Citigroup executives, will launch XRP-backed securities

People familiar with the matter revealed that a group of former Citigroup executives Founded startup Receipts Depositary Corp. (RDC), is planning to launch XRP-backed securities, which will enable institutions to access XRP securities through regulated market infrastructure in the United States. The company will provide depositary receipts similar to American Depositary Receipts (ADRs), representing foreign shares on the U.S. Stock Exchange. The product will be sold to qualified institutional buyers only through transactions exempt from registration under the Securities Act of 1933. Therefore, it does not require approval from the Securities and Exchange Commission (SEC).

These securities will be liquidated by a depositary trust (DTC), similar to Bitcoin (BTC) and Ethereum (ETH)-backed securities already provided by RDC.

▌Stablecoin crypto startup Coala Pay completes a seed round of $3.5 million

Stablecoin crypto startup Coala Pay completes a seed round of $3.5 million, led by Castle Island Ventures. The founders of Lattice Fund, Factor Capital and the crypto charity platform The Giving Block participated in the investment. The company will use the funds from this round of financing to expand its team and recruit employees with United Nations and the United States experience.

The company is committed to connecting humanitarian aid organizations with potential donors, according to reports. Coala Pay helps review donors and local aid organizations, requiring both parties to provide detailed documentation to prove its legitimacy. Once both parties are whitelisted, each party can access each other's documents as needed. Instead of signing an entity contract, Coala Pay creates a smart contract for stablecoin transactions and generates a token to store information and track the use of funds.

▌Telegram game TapSwap will launch token TAPS on BNB Chain

TapSwap, a Telegram-based click-to-money game, announced that its upcoming TAPS token will be released on BNB Chain instead of the originally planned TON network. The game was originally scheduled to complete token airdrops in late January, but recently said it had postponed the token release based on the recommendations of an unnamed "level one" decentralized exchange in a bid to find better market conditions. However, after completing the first season of the game on February 6, the project decided to advance the token release on BNB Chain, which is expected to take place on February 14, according to X posts earlier this week.

▌Messari: Hyperliquid trading volume has increased by more than 4 times since October last year

Messari report shows that Hyperliquid monthly trading volume has increased by more than 4 times since October 2024, showing that The platform is rising rapidly in the decentralized trading market. Hyperliquid has cultivated a group of high-value, continuously active trading users, becoming the only Layer 1 alternative in the market with a clear core user base. Its growth momentum includes introducing new assets such as BTC in the spot market to expand the trading ecosystem and compete with CEX; HyperEVM supports more third-party DeFi applications and improves on-chain ecological diversity; At the same time, Assistance Fund (AF) reinvests HYPE through transaction revenue Tokens, realize structural value accumulation, a mechanism is relatively rare in most DeFi protocols. As the platform further optimizes the on-chain order book and attracts more users, its influence in the decentralized trading market is expected to continue to rise.

▌Report: Asset tokenization scale will reach US$30 trillion in 2030

A new report from the Securities Token Market predicts that assets will be in 2030 The tokenization scale will reach US$30 trillion, mainly stocks, real estate, bonds and gold.

The report believes that if the United States has a correct attitude towards cryptocurrencies, Congress will introduce new legislation to ensure the market's clarity on token classification (official classification law) and stablecoin market structure, and after the bill is passed, it will be a block. The application of chains in the US capital market is given the green light. Stablecoins and earnings coins (treasury-backed tokens) will grow significantly from the current $220 billion, which could reach $3 to $5 trillion by 2030 if business applications, digital asset growth and on-chain earnings demands are taken into account. A RWA use case will become the settlement solution and payment channel for the entire capital market.


Important Economic Trends

▌The US dollar index rose 0.32% on the 7th

The US dollar index, which measures the US dollar against six major currencies, rose 0.32% on the same day, closing at the end of the foreign exchange market108.037. As of the end of the New York foreign exchange market, 1 euro was exchanged for US$1.0333, lower than US$1.0385 on the previous trading day; 1 pound was exchanged for US$1.2413, lower than US$1.2436 on the previous trading day. 1 USD 151.36 yen, lower than 151.39 yen on the previous trading day; 1 USD 0.9092 Swiss francs, higher than 0.9051 Swiss francs on the previous trading day; 1 USD 1.4285 Canadian dollars, lower than 1.9285 Canadian dollars on the previous trading day 1.4319 Canadian dollars; 1 US dollar is 10.9399 Swedish Krone, higher than 10.8963 Swedish Krone in the previous trading day.

▌Federal Goulsby: We may keep interest rates unchanged for the time being

Federal Goulsby said we may keep interest rates unchanged for the time being. The neutral balance point of interest rates has fallen.

▌Two-year U.S. Treasury yield rose by more than 7 basis points on the non-agricultural day, and cumulatively rose by nearly 8 basis points this week

The yield on the 10-year U.S. Treasury bond rose by 5.04 The basis point was 4.4846%. When the US non-farm employment report was released at 21:30 Beijing time, it plunged to 4.3803% and hit a new daily low and rebounded instantly, with a cumulative decline of 5.21 basis points this week. The two-year U.S. Treasury yield rose 6.07 basis points to 4.2725%, plunging from above 4.22% to below 1.16% at 21:30 to hit the daily low and rebounded instantly, rising 7.75 basis points this week. The yield on the 20-year U.S. Treasury rose by 5.31 basis points, while the yield on the 30-year U.S. Treasury rose by 5.47 basis points. The yield on three-year U.S. Treasury rose by 6.58 basis points, the yield on five-year U.S. Treasury rose by 6 basis points, and the yield on seven-year U.S. Treasury rose by 5.51 basis points. The 2/10-year U.S. Treasury yield spread fell 1.042 basis points to +20.782 basis points, plunging to +15.889 basis points at 21:30, and fell 13.370 basis points this week.

▌U.S. consumer confidence fell to a seven-month low

U.S. consumer confidence fell to a seven-month low in early February, and the University of Michigan's February consumer confidence index initially The value fell 3.3 points to 67.8. The data is lower than expected by all economists surveyed. The inflation outlook faces numerous uncertainties as U.S. President Donald Trump advances tariff measures. If all relevant taxes on major U.S. trading partners are in effect and lead to price increases, it could drag down consumer spending. The survey shows that the shopping prosperity indicators for large items fell by 12 percentage points compared with the previous month. In addition, overall confidence in all factions has declined. The current situation indicator fell from 74 to a three-month low of 68.7; the expected indicator fell to 67.3, the lowest since November 2023. Indicators reflecting personal financial expectations fell to their lows since October 2023 in early February. Indicators that measure economic outlook for the next year have also declined.


Golden Encyclopedia

▌What is chain abstraction?

The chain abstraction in a blockchain works by providing a single interface that makesUsers and developers are able 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.

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.

Keywords: Bitcoin
Share to: