Japanese financial institutions, including Nomura Holdings and Daiwa Securities Group, are collaborating with Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, and Mizuho Financial Group to launch a pilot project for securities trading using stablecoins. According to PANews, the initiative aims to enable 24-hour real-time settlement on the blockchain. The project plans to digitize assets such as stocks, government bonds, corporate bonds, investment trusts, and ETFs into digital securities. Investors will place orders through brokerages, and transactions will be settled in real-time using yen-denominated stablecoins issued jointly by the three major banks, with asset rights transferred to the buyer simultaneously. The trial is expected to commence as early as this month, following notification to financial regulators, and may attract more financial institutions in the future. The project seeks to leverage blockchain's tamper-proof characteristics to support round-the-clock trading, extend trading hours, and shorten settlement cycles, thereby invigorating the markets for stocks, bonds, and investment trusts. However, the implementation faces compliance and operational challenges, such as verifying brokerage orders. The pilot will focus on identifying and addressing these obstacles.

On February 11, Bitwise Asset Management's Chief Investment Officer, Matt Hougan, discussed the reasons behind the cryptocurrency bear market in an interview with CNBC. According to BlockBeats, Hougan attributed the downturn to the 'four-year cycle,' a recurring phenomenon in the crypto market that has occurred three times. Hougan noted that investors are currently favoring other popular investment options, such as gold and artificial intelligence stocks, over cryptocurrencies. He mentioned concerns about quantum computing risks and the nomination of Kevin Warsh as Federal Reserve Chair, which have been amplified during the bear market. Despite the current market weakness, Hougan believes that the development of cryptocurrency-focused ETFs should not be hindered. He described the market's current state as a 'self-fulfilling prophecy.' "There is good news beneath the surface, but it is unfolding slowly," Hougan stated. He emphasized that Bitcoin's financialization does not fundamentally alter its scarcity argument, as the total supply remains capped at 21 million coins. While it may affect short-term trading dynamics, the demand for derivatives will ultimately impact the spot market. It is noteworthy that in late 2025, particularly around December, Hougan publicly declared on social media, blogs, podcasts, and interviews that the 'four-year cycle is dead.' At that time, Bitcoin prices were high, and Hougan's outlook was optimistic and institutional, highlighting that institutional funds and mature markets had 'killed' the cycle.

The U.S. House of Representatives rejected an attempt by Speaker Johnson to block a vote on President Donald Trump's tariff resolution. According to Jin10, this move marks a significant setback for Johnson's leadership and opens the door for criticism of Trump's key economic policy. The procedural motion was defeated with 217 votes against and 214 in favor, as three Republican members joined all 214 Democrats in opposition, highlighting the narrow margins in the House. This decision allows Democrats to bring the resolution challenging Trump's tariff policy to a full House vote, potentially starting a series of high-profile voting procedures as early as Wednesday local time. Although Trump can veto any resolution that reaches his desk, a successful vote would publicly denounce his tariff policy, likely provoking a strong reaction from the White House.

The Seattle Seahawks secured a decisive victory against the New England Patriots in Sunday's Super Bowl, drawing a television audience of 124.9 million viewers. Bloomberg posted on X, highlighting that this represents a 2.2% decrease compared to the previous year's viewership, according to host NBC. Despite the decline, the event remained a significant draw for audiences across the nation.

The UK’s financial watchdog has called on all major social media companies to block cryptocurrency exchange HTX from British users, marking a rare and aggressive escalation that underscores growing regulatory impatience with crypto firms accused of flouting advertising rules.

Bitcoin's price movements can no longer be explained solely by "internal crypto logic." It increasingly resembles a mirror, reflecting global liquidity trends, technological narratives, and the ebb and flow of different asset classes.

Canaan, a prominent crypto miner and manufacturer, experienced a 6.9% decline in its Nasdaq share price on Tuesday, despite reporting a significant 121.1% year-on-year revenue increase to $196.3 million in the fourth quarter. According to Cointelegraph, this surge was largely attributed to enhanced hardware sales and improved mining performance. The company's Bitcoin (BTC) mining revenue saw a remarkable 98.5% year-on-year rise to $30.4 million, boosting its Bitcoin treasury to a record 1,750 BTC, valued at nearly $120 million. Additionally, Canaan increased its Ether (ETH) holdings to 3,950 ETH, worth $7.9 million. The revenue figure marks Canaan's highest quarterly posting in three years, driven by the sale of Bitcoin mining machines, with the company shipping a record 14.6 exahashes per second (EH/s) of computing power during the quarter. Canaan attributed its computing power sales success to a "milestone order" from a U.S.-based institutional miner, which helped set a new quarterly record for computing power sales and achieve a 60% year-on-year increase. On the mining front, the Singapore-based company expanded its installed hashrate to 9.91 EH/s, with 7.65 EH/s operational during the quarter. Meanwhile, the Bitcoin network hashrate has decreased from a record 1,150 EH/s in mid-October to 980 EH/s, as miners continue to unplug unprofitable machines and shift towards AI and high-performance computing. Despite the robust Q4 performance, Canaan's shares fell another 6.87% to $0.56, according to Google Finance data, positioning it as one of the lowest performers among the 15 largest Bitcoin miners by market cap. At its current price of $0.56, the company is down 18.1% year-to-date and 70.2% over the last 12 months. On January 16, Canaan received a letter from Nasdaq warning that it must increase its share price above $1 to comply with the stock exchange's minimum bid rule or face the risk of delisting. The Nasdaq has given the Singapore company 180 days, until July 13, to regain compliance with the rule, which requires its closing bid price to reach at least $1 for a minimum of 10 consecutive trading days. Canaan last closed above $1 on November 28, 2025.

Brazil's Suzano, a leading global pulp exporter, intends to maintain production below full capacity until 2026 due to the adverse effects of a weakening U.S. dollar on revenue, according to CEO Joao Alberto Abreu. Bloomberg posted on X, highlighting the company's strategic decision to navigate the financial challenges posed by currency fluctuations. Suzano's approach reflects a cautious stance in response to the economic environment, aiming to optimize operations while managing financial risks. The decision underscores the broader impact of currency movements on international trade and corporate strategies.

At the Consensus Hong Kong conference, SkyBridge Capital founder Anthony Scaramucci stated that SkyBridge Capital is buying Bitcoin during market corrections. Scaramucci noted that the firm had previously bought at different price points, including $84,000 and $63,000, and is currently continuing to enter the market as a buyer in the lower range. Furthermore, Scaramucci referred to Donald Trump as the "crypto president," believing his support for Bitcoin and the crypto industry surpasses that of his predecessors, but also mentioned that some of Trump's geopolitical stances could lead to opposition votes against crypto legislation.

Mattel shares experienced a significant decline in late trading following the company's announcement of holiday results that did not meet analysts' expectations. Bloomberg posted on X, highlighting that the toymaker also provided a forecast for 2026, predicting lower profits. The disappointing financial performance has raised concerns among investors, leading to a notable drop in the company's stock value. The forecast for reduced profitability in the coming years further adds to the uncertainty surrounding Mattel's future financial health.

Gold prices have recently experienced a healthy correction following a substantial increase, according to Wells Fargo. Spot gold has fallen over 10% from its record high at the end of January, primarily due to profit-taking after a 30% rise above the 200-day moving average. According to Jin10, Wells Fargo has raised its 2026 gold price target to between $6,100 and $6,300 per ounce, indicating a potential increase of over 20%. The bank cites geopolitical risks, market volatility, and strong central bank demand as key factors driving this forecast.

Due to the decline in cryptocurrency prices, Coinbase CEO Brian Armstrong has fallen out of the Bloomberg Billionaires Index's list of the world's 500 richest people. His wealth has shrunk by more than $10 billion from its peak of $17.7 billion seven months ago, and his current net worth is approximately $7.5 billion. In addition, the net worth of Gemini founders Cameron Winklevoss and Tyler Winklevoss has both decreased from $8.2 billion in October last year to $1.9 billion, and Gemini has planned to lay off approximately 25% of its employees. Galaxy Digital CEO Michael Novogratz's wealth has decreased from $10.3 billion to $6.2 billion. Strategy Executive Chairman Michael Saylor's net worth is currently $3.4 billion, a reduction of about two-thirds from its peak in July 2025. (Bloomberg)

We produce the most cost-effective tokens to prepare for the era of explosive application growth.

While the Federal Reserve's control over short-term interest rates has been effective, the dynamics of long-term interest rates and inflation remain complex. Financialization exacerbates bubbles and inequality, highlighting the dilemmas of monetary policy.

This article focuses on reviewing the specific laws, regulations, and core policy measures for encryption regulation during the two US administrations, and analyzes the logic and impact behind the policy differences by combining typical cases, clearly presenting the evolution of encryption regulation in the United States.

AI encryption projects need to be verified for authenticity. The current AI ecosystem may not necessarily rely on blockchain. The token issuance craze should be viewed with caution due to the risk of a bubble. Investors should observe rationally.

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse at 8 AM," issue 2964, providing you with the latest and fastest news on the digital currency and blockchain industry.

It is worth noting that while the transaction volume is expanding rapidly, the forecasting market still faces significant challenges in terms of infrastructure security, compliance consistency, and long-term sustainability.

Bitcoin has become integrated into global capital markets in a highly complex way, and when we face a reverse squeeze in the future, the upward trend will be steeper than ever before.

Don't fall into the trap of "anonymous consumption": Exposing the inescapable regulatory rules and life cycle of "KYC-free encrypted cards".