U.S. Florida Senator proposes 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, the senator recommended allowing Florida's chief financial officer to use public funds to "invest Bitcoin and other digital assets for a certain purpose," the documents show. Last October, Florida Chief Financial Officer Jimmy Patronis said the state holds about $800 million in “cryptocurrency-related” investments. He also once said that if Donald Trump is elected president, the amount of money investing in cryptocurrencies in the state may increase, and the new bill proposes that Florida's chief financial officer "investment in bitcoin cannot exceed any account” 10% of the total funding”. Some of the public funding sources mentioned in the bill can be used to invest in Bitcoin, including the General Income Fund, Budget Stabilization Fund, Trust Fund "and all institutional funds from state institutions and judicial departments."

Data: Three Bitcoin ETFs ranked among the top 100 global ETF asset management scale

According to data compiled by Ecoinometrics, three Bitcoin ETF products have now entered the asset management scale ( AUM) ranks among the top 100 ETFs. Among them, the scale of BlackRock Bitcoin ETF (IBIT) is rapidly approaching the largest gold ETF.

Binance CEO: Bitcoin’s dominance will continue in 2025 driven by Trump’s support for cryptocurrency

Binance CEO Richard Teng predicts that in Trump Bitcoin’s dominance will continue in 2025 driven by general support for cryptocurrencies, SEC leadership changes and legislative support. As the US Bitcoin reserves are put on the agenda, Teng sees the stage for Bitcoin to rise next time.

BitMEX Co-founder: US Bitcoin strategic reserves may have negative impacts on the industry

BitMEX Co-founder Arthur Hayes believes that US Bitcoin strategic reserves may be used to the The industry has a negative impact. He wrote in his latest blog that if the Democrats win the 2028 election and decide to sell stocks, it could be used as a weapon or even overturned.

Analysts: Trump's 10-year Treasury rate cut may be positive for Bitcoin's rise

Coindesk analyst Omkar Godbole said US Treasury Secretary Scott Besentbond Trump aims to reduce the cost of borrowing the economy by lowering the yield on 10-year U.S. Treasury bonds, an interview on Wednesday. A 10-year yield reduction is often seen as a benefit to risky assets, including Bitcoin (BTC). Trump plans to control inflationto lower yields, which may be beneficial to BTC, but reducing budget deficits may be detrimental to risky assets.

Trump IEEPA tariff order may drive Bitcoin growth

U.S. President Trump recently invoked the International Emergency Economic Powers Act (IEEPA) to impose an imposition of Mexico, Canada and Comprehensive tariffs have caused market concerns about the dominance of the US dollar. The move not only affects the global trade landscape, but may also prompt more investors to turn to Bitcoin as a hedge tool. James Butterfill, head of research at CoinShares, pointed out that the unconventional use of IEEPA may accelerate global de-dollarization and drive capital to flow to decentralized assets such as Bitcoin to hedge economic instability. Crypto derivatives trader Gordon Grant also believes that frequent use of IEEPA may weaken US dollar credit and make digital assets such as Bitcoin more attractive.

Standard Chartered Bank: Bitcoin is expected to reach $200,000 by the end of the year

Standard Chartered Bank said it expects Bitcoin to reach $200,000 by the end of the year, and Bitcoin will be held in the US Presidential Special Trump reached $500,000 before leaving office in 2028.

Mempool Research: Bitcoin block size may increase to 4 MB

Mempool Research says that since the Bitcoin Taproot upgrade, the block size has grown steadily, but there are still larger ones Growth space.

According to a February 4 report by Mempool Research, the widespread adoption of inscriptions could bring the average block size of the Bitcoin network to 4 megabytes (MB) per block, far Much higher than the current average. The average block size of Bitcoin (the amount of data contained in each block published to the public ledger of the network) is currently slightly higher than 1.5 MB, the report said.

Mempool Research says that if inscriptions are adopted more widely, a way to effectively encode arbitrary data within a block, the block size of Bitcoin could increase significantly.

US 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. p>JPMorgan Chase: Ethereum faces "hard" competition from other blockchain networks

On February 7th, JPMorgan (JPMorgan Chase) pointed out in its latest report that Ethereum (ETH) has performed poorly as much as Bitcoin (BTC) and other competitive chains recently, mainly because it lacks market appeal similar to Bitcoin’s “digital gold” narrative, and is also facing fierce competition from blockchains such as Solana. Despite Ethereum’s launch of upgrades such as Dencun, mainnet activity has been partially shifted to Layer 2, affecting its growth. The report mentioned that decentralized applications such as Uniswap (dApps) are migrating to exclusive blockchains, which may weaken Ethereum transaction fee revenue. In addition, intensified competition may lead to higher ETH inflation, as reduced trading will reduce the amount of burning. Despite this, Ethereum remains ahead of the field of stablecoins, DeFi and asset tokenization, but competitive pressure is expected to continue.

The 150th Ethereum ACDC Conference: Developers agree to leave a 30-day buffering period between the last public testnet upgrade and the mainnet upgrade

Christine, Vice President of Galaxy Research Kim posted a post to summarize the 150th Ethereum Core Developer Consensus (ACDC) conference call. This week, the developer agreed to leave a 30-day buffer period between the last public testnet upgrade and the mainnet upgrade so that network stakeholders have enough time to update the software; if the public testnet is launched smoothly, Pectra will be on the Ethereum mainnet The earliest activation time is early April, and developers are expected to be April 8; in addition, Pectra Devnet 6 will be launched on February 5. So far, the development network has been running smoothly and no major problems have occurred.

Ethereum's Pectra upgrade will begin testing in February, and the upgrade is expected to be launched on the Ethereum main network in April.

Ethereum's "Pectra" upgrade will be in February and March Log in to Holesky and Sepolia test networks. 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.

Galaxy Digital Founder: Ethereum’s market sentiment is “extremely pessimistic”

Galaxy Digital Founder and CEO Mike Novogratz believes Ethereum has failed to keep up with Bitcoin and Solana As for the pace of other cryptocurrencies, Novogratz said in an interview: "The market sentiment in Ethereum is extremely pessimistic. I think, the biggest reason is Gensler's vague definition of ETH. He sued Consensys. Is ETH a securities? So Ethereum is under some regulatory pressure. ” In discussing Ethereum’s investment narrative and its differences from Bitcoin, Novogratz said that Bitcoin has caused increasing media outlets since President Donald Trump’s speech at the 2024 Bitcoin Conference last summer More attention. He said: "Most of Ethereum's market value is a store of value, but what makes people pay attention to it is the story of web3. The reality of all crypto ecosystems is that the story brings enthusiasm, and enthusiasm creates value. . ”

ETH supply has exceeded the pre-merger level of Ethereum

According to Ultrasound data, the current supply of ETH has exceeded the pre-merger level of Ethereum PoS. The data shows that the current supply of ETH is 120,521,291 pieces, an increase from 120,521,140.92 pieces when merged on September 15, 2022. Since Ethereum completed its conversion to the Proof of Stake (PoS) mechanism, 1,947,607.01 ETH has been destroyed, and 1,947,757.18 new ETH has been issued, net The supply has increased by 150.17 ETH.

Ethereum network has increased the block Gas cap for the first time under the PoS mechanism

Ethereum network has been in PoS for the first time after receiving more than 50% of validators' support. The Gas limit for blocks has been successfully increased under the mechanism. Data shows that the Gas limit has exceeded 31.5 million from the previous 30 million, and is expected to be adjusted to 36 million in the end. This adjustment can be completed without a hard fork, providing support for network capacity expansion. It is worth noting that Ethereum’s last Gas cap adjustment occurred in 2021, when it increased from 15 million to 30 million. Although the Dencun upgrade has improved network capacity expansion performance, Gas cap adjustment is still necessary as DApp demand grows. /p>Other projects

Paxos releases PYUSD transparency report in January 2025: Total token circulation fell again and touched about US$482 million

Paxos officially released the PYUSD transparency report in January 2025, revealing Unaudited data related to PYUSD, including:

1. Total Tokens Outstanding (Total Tokens Outstanding) fell again, hitting $482,747,103;

2. Total Treasury Reverse Repurchase Agreement The current market value of the collateral in cash is approximately US$464,985,360, and the nominal position value is approximately US$455,868,000;

3. The current market value of the collateral in cash deposit is approximately US$28,588,701, and the nominal position value is approximately US$28,55$88,701;

4. The current market value of collateral among total net assets is $493,574,061, and the nominal position is $484,456,701.

Layer3 gaming network B3 will launch B3 tokens and airdrop on February 10

Layer3 gaming network B3, built on Base, announced on Friday that it will be on February 10 Launch its recently announced B3 token, accompanied by airdrop activity. Snapshots of network activities will be taken before the planned "S1 Airdrop", and there will be more airdrops, tournaments and gamifications to earn B3 in the future. According to posts on X platform, stakeholders of B3 will receive certain benefits, including tokens for a dedicated game chain, experience new games on the network ahead of time, and other potential rewards.

The post also briefly introduces token economics: 34.2% of the token supply will be allocated to communities and ecosystems, 23.3% will be allocated to teams and consultants, and 22.5% will be used to support the B3 ecosystem Player1 Foundation, 20% is reserved for investors. Tokens for investors, team members and consultants will have a lock-in period for one year before unlocking monthly for the next three years. The total supply of B3 has not been announced yet.

Telegram game TapSwap will launch token TAPS on BNB Chain

TepSwap, a Telegram-based click-to-money game, announced that its upcoming TAPS token will be released on BNB Chain, and Not 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's monthly trading volume has increased by more than 4 times since October 2024, indicating that the platform The rapid rise of 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 entersBy optimizing the on-chain order book in one step and attracting more users, its influence in the decentralized trading market is expected to continue to rise.

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 "hoveres around" 5-20%, far below the traditional gaming benchmark (20% to 30%)”.

The analytics also said the disappointing airdrop, especially the “Hamster Kombat” airdrop, caused the “excitement” of Telegram click-to-earning game to dissipate, and after the airdrop, Hamster Kombat’s user base from August 300 million fell sharply to 41 million in November.

The company added: "As the attractiveness of Easy-to-Low Investment Fund gradually weakens, the number of DAU/MAUs in similar applications has declined, and the activity of the entire ecosystem has also declined."

According to CNBC, SoftBank is currently investing $40 billion in OpenAI with a valuation of $260 billion. It is reported that SoftBank will pay the funds in the next 12 to 24 months, which means OpenAI's post-investment valuation will reach US$300 billion, and the first payment will be paid as early as the spring. The new funding means SoftBank will surpass Microsoft to become the biggest supporter of the artificial intelligence startup.

Story releases IP token economics, and community allocation accounts for 58.4% of the total amount

Layer1 Intellectual Property Blockchain Story releases IP token economic model: The total IP supply is 1 billion , initial unlock 25%. Of these, 58.4% will be allocated to communities, including ecosystems and communities, foundations and initial incentives. IP tokens will be used for staking, payment of Gas fees and governance.

Specific allocation plan: Ecosystem and community: 38.4%; Initial incentive: 10%; Foundation: 10%; Early investors: 21.6%; Early contributors: 20%. Regarding the staking mechanism, IP will adopt the principle of fair start. Within 42 days after the Genesis block of 1/19 (i.e. the Singularity Period), users can participate in pledge or entrust pledge, but no pledge reward is generated during this period. After the singularity period ends, all participants will begin to receive pledge rewards.

Stacks announced that the developer ecosystem has risen to seventh in the network

Stacks announced that it is the fastest growing developer ecosystem based on Electric Capital data.

At the same time, Stacks is the 24th largest asset in the Coinbase Coin50 index; Stacks is on Grayscale TrustThe third asset of the line; Stacks allows users to earn native Bitcoin earnings by staking STX.

Sony Soneium cooperates with on-chain record company Coop Records to launch the music NFT series

Sony's public blockchain platform Soneium announced today that it will cooperate with on-chain record company Coop Records to launch the music NFT series on the Internet. The first music NFT collection was launched. "Soneium's official X handle wrote today: "By partnering with Soneium, Coop Records is redefining the monetization model of music."

According to the announcement, the NFT music collection includes a set of unreleased music from Tokyo producer NUU$HI, now available in Soneium’s NFT marketplace Sonova. This 22-minute music NFT is priced at 0.000777 ETH ($2.11), and 644 have been released as of press time.