Headlines
▌El Salvador increased its holdings by 11 BTC
On-chain data shows that El Salvador increased its holdings by 11 BTC 60 minutes ago, with a total holding of 6067.18 BTC, currently worth approximately $615 million.
▌Hyperliquid's 7-day revenue exceeds Ethereum
According to DefiLlama data, as of February 3, Hyperliquid's protocol revenue in the past 7 days was approximately $12.8 million, while the Ethereum network's revenue was approximately $11.5 million.
Market
As of press time, according to Coingecko data:
BTC's latest transaction price is $101,283, with a daily increase or decrease of +8.1%;
ETH's latest transaction price is $2,853.30, with a daily increase or decrease of +4.0%;
BNB's latest transaction price is $613.06, with a daily increase or decrease of +4.8%;
SOL's latest transaction price is 218.49 US dollars, and its intraday increase or decrease is +14.1%;
DOGE's latest transaction price is 0.2875 US dollars, and its intraday increase or decrease is +16.7%;
XPR's latest transaction price is 2.76 US dollars, and its intraday increase or decrease is +22.5%.
Policy
▌Reuters: Republican-led US SEC strengthens supervision of investigations
On February 4, Reuters reported that lawyers at the US Securities and Exchange Commission (SEC) were told that they must obtain leadership approval before officially launching an investigation. This procedural change may slow down the investigation process. This change has not been reported before. It is said that this adjustment was made under the new leadership team after Trump took office.
People familiar with the matter said that because this change has not been made public, they requested anonymity. Usually, the SEC is managed by five commissioners (including the chairman), and the committee is an independent agency. Currently, the committee consists of three members, including two Republicans and one Democrat. The commissioners of the US Securities and Exchange Commission are appointed by the US President. Recently, some law enforcement personnel have been told that all formal investigation orders - which are necessary to issue testimony or document subpoenas - require the approval of the committee. Previously, that authority had been delegated to lower-level staff, and the committee could exercise a veto, but it was not always exercised, people familiar with the matter said.
▌The U.S. Department of Justice charges Canadian hackers with two attacks totaling $65 million
U.S. prosecutors on Monday charged 22-year-old Andean Medjedovic with two hacks totaling $65 million.
Court documents show that Medjedovic previously admitted to making about $16 million in profits from the DeFi protocol Indexed Finance in October 2021. He is also believed to be behind the attack on KyberSwap in November 2023, which caused the protocol and its users to lose about $48 million in cryptocurrency. The hacker later sent about $2 million in cryptocurrency to a digital wallet believed to be controlled by Medjedovic.
Medevich faces five charges, including fraud, money laundering and extortion. He did not respond to multiple requests for comment on Monday.
Blockchain Applications
▌Tether CEO: AI model training platform Tether Data is expected to be launched soon
Tether CEO Paolo Ardoino published a preview of the AI model training platform Tether Data on the X platform. He said that any company interested in (pre) training its own model can use the PaaS product. In addition, the core of this platform uses Holepunch's technology to process all data structures to make training and models highly elastic and unstoppable. It is expected that the platform will be launched soon through Northern Data Group, using 24k+H100 GPU.
▌Thai SEC plans to launch tokenized securities trading system
According to the Bangkok Post on Feb. 3, Jomkwan Kongsakul, deputy secretary-general of the Thai SEC, said that token investing is gaining attention and the regulator will allow securities firms to trade digital tokens to tap into their large investor base.
"The SEC is using technology to improve the efficiency of the capital market by promoting an electronic securities ecosystem," Jomkwan Kongsakul said, adding that "new regulations will be introduced to promote the issuance of electronic securities and online purchase of bonds," i.e. medium- and long-term debt instruments used by large companies to borrow money.
▌Berachain releases white paper, will replace incentive mechanism with PoL mechanism and adopt dual token model
Berachain Foundation releases white paper, launching a new EVM-compatible Layer 1 public chain. The white paper details its innovative Proof of Liquidity (PoL) mechanism, which directly links validator rewards to network application needs.
The economic model adopts a dual token design: BERA is used for staking and trading, and BGT is a non-transferable governance token. The BGT Foundation will adopt a three-stage governance plan, gradually transitioning from the initial BeraSwap reward pool to fully decentralized governance.
Cryptocurrency
▌Eric Trump, the second son of Trump: Now is the best time to increase holdings of ETH
Eric Trump, the second son of Trump, said on his social platform that now is the best time to increase holdings of ETH (In my opinion, it's a great time to add ETH.).
▌WLFI transferred 8 crypto assets worth a total of US$307 million to Coinbase Prime in the past 6 hours
According to Spot On Chain monitoring, World Liberty Financial transferred 8 crypto assets worth a total of US$307 million to Coinbase Prime in the past 6 hours for fund management and business operations.
Subsequently, 19,423 stETH were unpledged and converted to ETH, and 1,826 ETH were purchased at an average price of $2,738 per coin for 5 million USDC.
Currently, World Liberty Financial still holds various assets worth $96.62 million in 9 known wallets.
Important Economic Dynamics
▌US President Trump Signs Executive Order to Establish Sovereign Wealth Fund
US President Trump signed an executive order on Monday to create the US sovereign wealth fund. The White House said the order instructs the Treasury and Commerce Departments to begin reviewing the process of establishing a sovereign wealth fund. "We will start this matter within the next 12 months. We will realize the assets on the US balance sheet for the American people," said US Treasury Secretary Bessant. He mentioned that they plan to study the "best practices" of other funds and that the fund will hold a range of liquid assets and other US assets. Trump mentioned this idea several times during his campaign. He called for a fund to "invest in great national causes for the benefit of all American people," such as infrastructure construction and medical research. It is not clear where the funds for the US sovereign wealth fund will come from. Most sovereign wealth funds are made up of surplus income generated by natural resources, such as oil-rich Saudi Arabia. However, the United States faces major budget and trade deficits. At the same time, the United States also has strong private markets, which allows investors to support the various initiatives that Trump mentioned the new fund hopes to invest in. (Jinshi)
▌Fed Collins: The Fed should be patient and cautious with its policies, and there is no need to rush to adjust interest rates
Fed Collins said that the Fed should be patient and cautious with its policies, and there is no need to rush to adjust interest rates. There is no urgency to cut interest rates again at present, and the Fed should be patient and cautious with its policies, and there is no need to rush to adjust interest rates. At some point in the future, it is expected to see further normalization of interest rates. (Jinshi) ▌ Chicago Fed President Goolsbee urges caution on rate cuts Chicago Fed President Goolsbee said the Fed must be cautious in cutting rates due to economic uncertainty. In a radio interview, he pointed out that despite strong consumer spending and economic growth, there are concerns that inflation may rise again. Goolsbee stressed that fiscal decisions that affect prices and employment need to be carefully evaluated. He also warned that it may be difficult to distinguish inflation from temporary effects such as overheating and tariffs. (Jinshi)
Golden Encyclopedia
▌What is chain abstraction?
Chain abstraction in blockchain works by providing a single interface that enables users and developers to interact with multiple blockchains without having to manage the complexity of each individual chain. Chain abstraction solutions are still under development, and many companies are working to solve the problem. At present, how this all works is not an exact science, but multi-chain solutions may allow users to seamlessly use Web3 from a single account.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.