According to Odaily, Federal Reserve Chairman Jerome H. Powell announced that the U.S. Department of Justice issued a grand jury subpoena to the Federal Reserve on Friday. This action is related to potential criminal charges concerning Powell's testimony before the Senate Banking Committee in June of last year. The testimony in question involved a long-term renovation project for the Federal Reserve's office building. However, Powell indicated that the real reason behind the threat of criminal charges is the Federal Reserve's decision to set interest rates based on economic assessments rather than aligning with the preferences of U.S. President Donald Trump. Powell emphasized the importance of the Federal Reserve formulating monetary policy based on evidence and economic conditions, free from political pressure or intimidation. He reaffirmed his commitment to fulfilling the responsibilities confirmed by the Senate, focusing on maintaining price stability and achieving full employment.

According to BlockBeats, Hong Kong's Financial Secretary, Paul Chan, addressed the development of stablecoin policies during a public consultation forum on the 2026 fiscal budget on January 12. Chan stated that Hong Kong's stablecoin policy is progressing well and will continue to advance gradually. In response to suggestions from citizens to peg stablecoins to gold, Chan mentioned that the government would consider this possibility after completing the first phase of the stablecoin framework. He noted that related research is already underway but emphasized the need for careful handling. The forum is part of the Hong Kong government's efforts to gather public input for the new fiscal budget, which is set to be officially released on February 25.

Federal Reserve Chairman Jerome H. Powell issued a statement saying that the U.S. Department of Justice served a grand jury subpoena to the Fed on Friday for his testimony before the Senate Banking Committee last June, threatening criminal charges. Powell stated that the testimony concerned a multi-year renovation project for a Fed office building, but the real reason for the threat of criminal charges was that the Fed sets interest rates based on economic assessments, not the president's preferences. He emphasized that the Fed must formulate monetary policy based on evidence and economic conditions, not influenced by political pressure or intimidation. The Fed will continue to fulfill its Senate-confirmed mandate to maintain price stability and full employment.

According to Onchain Lens, BitMine, the largest Ethereum crypto treasury (DAT) company, has staked an additional 109,504 ETH, worth $340.49 million. To date, BitMine has staked a total of 1,190,016 ETH, with a total value of $3.7 billion.

According to ChainCatcher, the Dollar Index (DXY) experienced a short-term decline of 10 points, currently standing at 99.13.

According to ChainCatcher, spot gold surged to $4,550 on Monday, marking a new historical high after two weeks.

According to ChainCatcher, the SOL/USDT trading pair is currently priced at $140.02, reflecting a 24-hour increase of 2.65%.

According to PANews, Bloomberg analyst James Seyffart commented on the timeframe for the U.S. Securities and Exchange Commission (SEC) to process Morgan Stanley's Bitcoin ETF application. Seyffart stated that the earliest possible decision could be expected 75 days from the date of submission, which would be around March 23.

The four-stage model of the debt crisis has been historically proven, stark and inevitable. The United States is already deeply mired in expansion, triggering its effects and increasing the risk of further damage.

Federal Reserve renovation controversy escalates but no criminal probe for Powell verified. source: https://coincu.com/news/fed-renovation-powell-controversy/

null source: https://x.com/stackersatoshi/status/2010504960144703912

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse at 8 AM," issue 2934, providing you with the latest and fastest news on the digital currency and blockchain industry.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance, covering key news, mining information, project updates, technological advancements, and other industry dynamics.

Vitalik Buterin published an open letter on Friday in support of Tornado Cash developer Roman Storm, who was convicted in August of conspiracy to commit illicit currency transfers and faces up to five years in prison.

Paragraphs 4 and 5 of the introduction provide an overview of the Bitcoin system and the Bitcoin protocol.

Zhou Investment took advantage of the pullback to buy Broadcom, while reducing its holdings in Palantir and Rocket Lab.

This week, 10 blockchain startups raised $613.5 million in funding. Rain raised $250 million in its Series C funding round, the largest round of funding this week.

With oversubscription of 14 times, many players on Polymarket questioned whether the project team manipulated the project.

Prediction markets have become mainstream, and by 2026, with their integration with cryptocurrencies and AI, their scale, reach, and intelligence will only increase further, while also bringing new and important challenges to their builders.

In the highly volatile and uncertain crypto industry, "survival" itself is becoming a scarce skill.