Headlines
▌Trump plans to issue a series of executive orders within hours of being sworn in
US President-elect Donald Trump plans to issue a series of executive orders on immigration, energy, federal workers and regulatory reform within hours of his inauguration on January 20, striving to quickly and comprehensively implement his policies. The executive orders he plans to issue include calling for actions to tighten border crossing restrictions; authorizing the federal government to complete the unbuilt border wall; establishing a mechanism for large-scale deportations; and depriving sanctuary cities of federal resources until they stop providing protection for undocumented immigrants. The Trump team also intends to cut the number of federal employees by freezing government hiring and forcing federal employees to return to the office.
▌Economic Daily: Focus on lowering the threshold for the application of artificial intelligence
The article said that technological progress is the key to lowering the threshold for the application of artificial intelligence. This requires increased investment in scientific research, strengthening independent research and development capabilities, and making more breakthroughs in key areas such as smart chips and operating systems. Strengthen the technical foundations of computing power, algorithms, data, etc., and cultivate a number of general and industry large models. Vigorously develop smart products, promote intelligent software applications, and promote the upgrading of consumer terminals such as home appliances and mobile phones to strong intelligence. Better play the role of enterprises as the main body of innovation, encourage industry-university-research cooperation, support leading enterprises to create typical benchmarks for artificial intelligence to empower new industrialization; also build artificial intelligence infrastructure to serve small and medium-sized innovative enterprises, lower the threshold for their participation in the artificial intelligence market, and form a market competition pattern where a hundred flowers bloom.
Market
As of press time, according to Coingecko data:
BTC's latest transaction price is $92,580.40, with a daily increase or decrease of -2.5%;
ETH's latest transaction price is $3,223.89, with a daily increase or decrease of -3.0%;
BNB's latest transaction price is $686.98, with a daily increase or decrease of -1.3%;
SOL's latest transaction price is $185.78, with a daily increase or decrease of -5.8%;
DOGE's latest transaction price is 0.3224 yuan, with a daily increase or decrease of -5.9%;
XPR's latest transaction price is 2.28 US dollars, with a daily increase or decrease of -4.1%.
Policy
▌Fox reporter: U.S. Senate Banking Committee will establish its first subcommittee specifically responsible for cryptocurrency
According to Fox Business reporter Eleanor Terrett, the U.S. Senate Banking Committee, led by Senator Tim Scott, will establish its first subcommittee specifically responsible for cryptocurrency. The subcommittee will be constructed in reference to the Republican Financial Services Subcommittee established by Patrick McHenry in 2023.
Senate aides confirmed that Senator Cynthia Lummis has been preliminarily selected as the chairperson of the subcommittee, awaiting a vote by the full committee. It is reported that the vote to approve Cynthia Lummis and the new Republican and Democratic members (still being decided) may take place next Thursday, when Trump's nomination hearing for Secretary of Housing and Urban Development Scott Turner will be held.
Blockchain Applications
▌JPMorgan: MiCA Regulation May Increase Adoption of Euro Stablecoins
The EU's landmark Crypto-Asset Market (MiCA) regulation, which takes effect on December 30, 2024, could boost the market share of euro-pegged stablecoins, according to JPMorgan analysts.
Currently, euro-pegged stablecoins account for only 0.12% of the stablecoin market, but MiCA could improve that by encouraging European banks and financial institutions to adopt euro stablecoins to meet customer needs and blockchain-based financial settlements, JPMorgan analysts said in a report. Notable examples include Societe Generale's EURCV stablecoin and BBVA's planned stablecoin in partnership with Visa, analysts said.
Crypto
▌Polymarket Users Bet on Odds Biden Pardons SBF Higher Than Silk Road Founder Ross Ubricht
With U.S. President Joe Biden set to leave office on Jan. 20, he still has time to issue pardons and commutations for individuals convicted of federal crimes. As of Jan. 9, cryptocurrency betting platform Polymarket is offering users 4% odds that President Biden pardons former FTX CEO Sam “SBF” Bankman-Fried, and 2% odds that he pardons Silk Road founder Ross Ulbricht. As of the time of publication, users have bet more than $5 million on SBF’s odds and $1.2 million on Ulbricht’s odds.
It is unclear whether President Biden intends to issue more pardons or commutations before the end of his term.
▌Several crypto company CEOs are vying for access to Trump himself
With less than two weeks to Trump's inauguration, crypto industry executives are vying for access to Trump himself and seats on the planned cryptocurrency advisory committee, which is expected to be established shortly after Trump takes office. Industry insiders intend to use the committee, which may be composed of about two dozen CEOs and founders, to influence the new administration's digital asset policy, according to people familiar with the matter.
Most of the potential appointees already have a relationship with Trump and have visited him in recent months, people familiar with the matter said. Trump and his inner circle, including David Sacks, the incoming White House artificial intelligence and cryptocurrency expert, are still weighing potential appointees. Since Trump's re-election in November, Mar-a-Lago has hosted a large number of crypto industry figures, including Kris Marszalek, CEO of Crypto.com, Brian Armstrong, CEO of Coinbase, etc. In addition, Circle, Coinbase, Kraken, Ondo and other companies have pledged to donate to Trump's inauguration.
Previously, the crypto industry will hold a ball to celebrate the inauguration of Trump and Vance on January 17, hosted by BTC Inc. and Stand With Crypto.
▌Coinbase, Google and ai16z and other team members jointly launched the DAO organization Aiccelerate, aiming to accelerate the integration of encryption and AI
Team members of Coinbase, Google, ai16z and other major players have jointly launched Aiccelerate, a new decentralized autonomous organization (DAO) designed to accelerate the integration of cryptocurrency and artificial intelligence (AI). According to the announcement on January 9, the DAO will focus on promoting decentralized, open-source AI development and supporting high-potential projects in different ecosystems. In addition, Aiccelerate positions itself as a DAO that focuses on both investment and development. Its main mission is to promote innovation in the field of what it calls "agent AI". The DAO aims to build a collaborative community of top developers in multiple frameworks. These experts will contribute to a series of agents and tools designed to advance the organization's goals. In addition, Aiccelerate will unify its various initiatives through a token called AICC. The DAO will use part of the profits to repurchase its native tokens. The list of development advisors includes ai16z founder Shaw, Virtuals Protocol core contributor EtherMage, EigenLayer developer relations director Nader Dabit, and Story Protocol co-founder Jason Zhao. In terms of investment, Aiccelerate's advisors include Andrew Kang and Marc Weinstein of Mechanism Capital, Justin Lee of Coinbase Ventures, and Anil Lulla of Delphi Digital.
▌CaneIsland Alternative Advisors founder: Bitcoin is predicted to reach $1.5 million in 2035
CaneIsland Alternative Advisors founder Timothy Peterson said that based on network growth and Metcalfe's law, Bitcoin is predicted to reach $1.5 million in 2035. Peterson's previous accurate predictions included a rebound in 2024 and a $10,000 Bitcoin price bottom line.
▌VanEck executive: Block is expected to become the first company in the S&P 500 to hold Bitcoin
Matthew Sigel, head of digital asset research at VanEck, posted on the X platform that fintech company Block is expected to become the first company in the S&P 500 to hold Bitcoin. To be included in the index, a stock must meet six major criteria, including: 1) market capitalization of more than $18 billion; 2) public float of more than 10%; 3) earnings in the most recent quarter should be positive, and the sum of GAAP earnings in the previous four quarters should also be positive; 4) high liquidity; 5) listed for at least 12 months; 6) the company is headquartered in the United States.
Important Economic Dynamics
▌The probability of the Federal Reserve keeping interest rates unchanged in January is 93.1%
According to CME's "Fed Watch", the probability of the Federal Reserve keeping interest rates unchanged in January is 93.1%, and the probability of a 25 basis point rate cut is 6.9%. The probability of maintaining the current interest rate unchanged by March is 57.7%, the probability of a cumulative 25 basis point rate cut is 39.7%, and the probability of a cumulative 50 basis point rate cut is 2.6%.
▌The US dollar index rose 0.08% on the 9th
The US dollar index, which measures the US dollar against six major currencies, rose 0.08% on the day and closed at 109.180 at the end of the foreign exchange market. As of the end of the New York foreign exchange market, 1 euro was exchanged for 1.0299 US dollars, lower than 1.0309 US dollars on the previous trading day; 1 pound was exchanged for 1.2309 US dollars, lower than 1.2357 US dollars on the previous trading day. 1 US dollar was exchanged for 158.11 Japanese yen, lower than 158.46 Japanese yen on the previous trading day; 1 US dollar was exchanged for 0.9126 Swiss francs, higher than 0.9117 Swiss francs on the previous trading day; 1 US dollar was exchanged for 1.4392 Canadian dollars, higher than 1.4389 Canadian dollars on the previous trading day; 1 US dollar was exchanged for 11.1530 Swedish kronor, lower than 11.1612 Swedish kronor on the previous trading day.
▌Federal Reserve Board Governor Bowman: Supports December rate cut as the "final step" of policy readjustment
Federal Reserve Board Governor Bowman said on Thursday that she supported last month's rate cut as the "final step" of the Fed's monetary policy adjustment, and that caution must be exercised in the future due to rising inflation risks. "We should also avoid prejudging the future policies of the new administration," Bowman said in a speech prepared for delivery to the California Bankers Association. "Instead, we should wait for more clarity and then seek to understand the impact on economic activity, the labor market and inflation." This is the first time Bowman has made such remarks since becoming a popular candidate for the Fed's next top bank regulator. Barr announced this week that he will resign as the Fed's vice chairman for supervision by the end of next month. "This year will see a change in leadership at the banking institutions, and I expect this will translate into a shift in priorities and approaches," Bowman said. She reiterated her consistent call for more targeted regulatory regulations and a more "pragmatic" approach to policy making.
Golden Encyclopedia
▌What is compressed NFT?
CNFT is a newer non-fungible token that uses state compression technology to store data more efficiently on Solana. Unlike traditional NFTs that store all token metadata directly on the chain or through external links such as IPFS, cNFT uses Merkle trees to optimize data storage.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish correct investment concepts and be sure to increase risk awareness.
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