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Last week, the global digital asset ETP recorded a net outflow of $1.7 billion for the second consecutive week.
According to Coinshares Weekly Report, global digital asset investments have experienced net outflows for the second consecutive week, with a weekly outflow amounting to $1.7 billion, directly causing the year-to-date fund flow to turn negative, with a cumulative net outflow of $1 billion.
Meanwhile, since the price peak in October 2025, the asset management scale (AuM) in this sector has evaporated by $73 billion, indicating a significant deterioration in investor confidence.
By country/region, the U.S. market remains the hardest hit by capital outflows, with a weekly outflow of $1.65 billion; Canada and Sweden follow closely, with net outflows of $37.3 million and $18.9 million, respectively. In contrast, some European markets such as Switzerland and Germany recorded slight inflows of $11 million and $4.3 million, respectively.
In terms of asset classes, Bitcoin and Ethereum faced capital withdrawals of $1.321 billion and $308 million last week, respectively; additionally, recently popular XRP and Solana were also not spared. This indicates that cautious sentiment in the market has spread from individual assets to the entire cryptocurrency sector.
Against this backdrop, shorting Bitcoin saw a net inflow of $14.5 million, with the asset management scale growing by 8.1% for the year; meanwhile, speculative products capitalized on the recent tokenized precious metal sales frenzy, attracting $15.5 million in new funds.
The counter-cyclical growth of these two product types reflects that some investors are hedging against downside risks through defensive strategies, as well as indicating that specific narratives can still attract structural funds in a weak market.
Analysis suggests that the main reason for this wave of selling is the appointment of the 'hawkish' new chairman of the Federal Reserve, which reshaped market interest rate expectations, combined with whale sell-offs in a four-year cycle and rising geopolitical uncertainty, together creating the current defensive market environment.
Overall, the current cryptocurrency market is gradually cooling from its previous frenzy and entering a critical phase of reassessing risks, while the overall restoration of market confidence still requires waiting for clearer macro policy signals.
#加密货币ETP #投资趋势
According to Coinshares Weekly Report, global digital asset investments have experienced net outflows for the second consecutive week, with a weekly outflow amounting to $1.7 billion, directly causing the year-to-date fund flow to turn negative, with a cumulative net outflow of $1 billion.
Meanwhile, since the price peak in October 2025, the asset management scale (AuM) in this sector has evaporated by $73 billion, indicating a significant deterioration in investor confidence.
By country/region, the U.S. market remains the hardest hit by capital outflows, with a weekly outflow of $1.65 billion; Canada and Sweden follow closely, with net outflows of $37.3 million and $18.9 million, respectively. In contrast, some European markets such as Switzerland and Germany recorded slight inflows of $11 million and $4.3 million, respectively.
In terms of asset classes, Bitcoin and Ethereum faced capital withdrawals of $1.321 billion and $308 million last week, respectively; additionally, recently popular XRP and Solana were also not spared. This indicates that cautious sentiment in the market has spread from individual assets to the entire cryptocurrency sector.
Against this backdrop, shorting Bitcoin saw a net inflow of $14.5 million, with the asset management scale growing by 8.1% for the year; meanwhile, speculative products capitalized on the recent tokenized precious metal sales frenzy, attracting $15.5 million in new funds.
The counter-cyclical growth of these two product types reflects that some investors are hedging against downside risks through defensive strategies, as well as indicating that specific narratives can still attract structural funds in a weak market.
Analysis suggests that the main reason for this wave of selling is the appointment of the 'hawkish' new chairman of the Federal Reserve, which reshaped market interest rate expectations, combined with whale sell-offs in a four-year cycle and rising geopolitical uncertainty, together creating the current defensive market environment.
Overall, the current cryptocurrency market is gradually cooling from its previous frenzy and entering a critical phase of reassessing risks, while the overall restoration of market confidence still requires waiting for clearer macro policy signals.
#加密货币ETP #投资趋势
Bitcoin dropped about 7% on Saturday, reaching $75,000, and Strategy's billion-dollar BTC holdings once fell into a floating loss.
The Bitcoin market experienced a severe liquidity shock over the weekend, with prices briefly dropping below $76,000, marking the first test of the $75,000 low since April 2025. This more than 7% plunge also led to over $2.5 billion in leveraged positions being liquidated, further worsening market sentiment.
The key to this decline is that Bitcoin prices not only broke below the psychological level of $80,000 but also fell below the critical "real market average" of $80,700 (i.e., the average holding cost of all circulating Bitcoins).
On-chain analytics firm On-Chain College pointed out that this is the first time since October 2023 (when Bitcoin was about $29,000) that the current market price is overall below the average holding cost, which is an unfavorable signal for short- to medium-term price trends.
Trader Keith Alan warned that if the downtrend continues, the next key support level will be the previous bull market peak of $69,000.
Market focus has shifted to the largest corporate holder, Strategy, which holds 712,647 Bitcoins at an average cost of about $76,037. As the price briefly pierced this lifeline, its massive holdings have shifted from paper profit to floating loss.
Although Strategy is a publicly listed company deeply tied to Bitcoin, the market has clearly sensed the risk in advance. Its stock price has plummeted nearly 70% from last July's peak, reflecting investors' deep concerns about the feasibility of its Bitcoin strategy.
Overall, the current Bitcoin market is trapped in a critical cost average breakdown, with selling pressure amplified during periods of low trading volume, even the most devoted holder, Strategy, is facing a compounded pressure situation from multiple factors.
Despite some views that the current price is approaching the bottom range of April 2025 and may brew a rebound, the restoration of market confidence will not happen overnight and still requires time accumulation and clearer signals to support a halt in the decline.
#比特币暴跌 #Strategy
The Bitcoin market experienced a severe liquidity shock over the weekend, with prices briefly dropping below $76,000, marking the first test of the $75,000 low since April 2025. This more than 7% plunge also led to over $2.5 billion in leveraged positions being liquidated, further worsening market sentiment.
The key to this decline is that Bitcoin prices not only broke below the psychological level of $80,000 but also fell below the critical "real market average" of $80,700 (i.e., the average holding cost of all circulating Bitcoins).
On-chain analytics firm On-Chain College pointed out that this is the first time since October 2023 (when Bitcoin was about $29,000) that the current market price is overall below the average holding cost, which is an unfavorable signal for short- to medium-term price trends.
Trader Keith Alan warned that if the downtrend continues, the next key support level will be the previous bull market peak of $69,000.
Market focus has shifted to the largest corporate holder, Strategy, which holds 712,647 Bitcoins at an average cost of about $76,037. As the price briefly pierced this lifeline, its massive holdings have shifted from paper profit to floating loss.
Although Strategy is a publicly listed company deeply tied to Bitcoin, the market has clearly sensed the risk in advance. Its stock price has plummeted nearly 70% from last July's peak, reflecting investors' deep concerns about the feasibility of its Bitcoin strategy.
Overall, the current Bitcoin market is trapped in a critical cost average breakdown, with selling pressure amplified during periods of low trading volume, even the most devoted holder, Strategy, is facing a compounded pressure situation from multiple factors.
Despite some views that the current price is approaching the bottom range of April 2025 and may brew a rebound, the restoration of market confidence will not happen overnight and still requires time accumulation and clearer signals to support a halt in the decline.
#比特币暴跌 #Strategy
The total outflow amount of the U.S. BTC and ETH spot ETFs exceeded 1.8 billion U.S. dollars last week.
According to SosoValue data, the U.S. BTC spot ETF recorded an outflow of 1.49 billion U.S. dollars last week, marking two consecutive weeks of total net outflow, and setting the second-highest record for weekly net outflow;
Among them, BlackRock's IBIT had the highest total net outflow of 947 million U.S. dollars among the 12 BTC ETFs last week, with a cumulative inflow of 61.96 billion U.S. dollars;
Next were Fidelity's FBTC and Grayscale's GBTC, which recorded a total net outflow of approximately 192 million U.S. dollars and 119 million U.S. dollars, respectively, for the week;
Bitwise BITB and ARK 21Shares ARKB recorded total net outflows of 112 million U.S. dollars and 78.45 million U.S. dollars, respectively, for the week;
Grayscale's BTC, Invesco BTCO, and VanEck HODL had total net outflows of 29.46 million U.S. dollars, 8.38 million U.S. dollars, and 3.56 million U.S. dollars for the week, respectively;
It is worth noting that Wisdom BTCW had a net inflow of 2.79 million U.S. dollars last week, becoming the only BTC ETF with a net inflow;
As of now, the total net asset value of Bitcoin spot ETFs is 106.96 billion U.S. dollars, accounting for 6.38% of Bitcoin's total market value, with a cumulative net inflow of 55.01 billion U.S. dollars.
In the same week, Ethereum spot ETFs recorded a total net outflow of approximately 3.27 million U.S. dollars, also marking two consecutive weeks of total net outflow, and there was no net outflow from any ETH ETF last week;
Among them, BlackRock's ETHA had the highest total net outflow of approximately 264 million U.S. dollars among the 9 ETH ETFs last week, with a cumulative inflow of 12.24 billion U.S. dollars;
Next were Grayscale's ETHE and ETH, which recorded total net outflows of approximately 27.6 million U.S. dollars and 16.5 million U.S. dollars, respectively, for the week;
Fidelity's FETH and Bitwise ETHW had total net outflows of approximately 16.92 million U.S. dollars and 2 million U.S. dollars for the week, respectively;
As of now, the total net asset value of Ethereum spot ETFs is 15.86 billion U.S. dollars, accounting for 4.90% of Ethereum's total market value, with a cumulative net inflow of 11.97 billion U.S. dollars.
#比特币ETF #以太坊ETF
According to SosoValue data, the U.S. BTC spot ETF recorded an outflow of 1.49 billion U.S. dollars last week, marking two consecutive weeks of total net outflow, and setting the second-highest record for weekly net outflow;
Among them, BlackRock's IBIT had the highest total net outflow of 947 million U.S. dollars among the 12 BTC ETFs last week, with a cumulative inflow of 61.96 billion U.S. dollars;
Next were Fidelity's FBTC and Grayscale's GBTC, which recorded a total net outflow of approximately 192 million U.S. dollars and 119 million U.S. dollars, respectively, for the week;
Bitwise BITB and ARK 21Shares ARKB recorded total net outflows of 112 million U.S. dollars and 78.45 million U.S. dollars, respectively, for the week;
Grayscale's BTC, Invesco BTCO, and VanEck HODL had total net outflows of 29.46 million U.S. dollars, 8.38 million U.S. dollars, and 3.56 million U.S. dollars for the week, respectively;
It is worth noting that Wisdom BTCW had a net inflow of 2.79 million U.S. dollars last week, becoming the only BTC ETF with a net inflow;
As of now, the total net asset value of Bitcoin spot ETFs is 106.96 billion U.S. dollars, accounting for 6.38% of Bitcoin's total market value, with a cumulative net inflow of 55.01 billion U.S. dollars.
In the same week, Ethereum spot ETFs recorded a total net outflow of approximately 3.27 million U.S. dollars, also marking two consecutive weeks of total net outflow, and there was no net outflow from any ETH ETF last week;
Among them, BlackRock's ETHA had the highest total net outflow of approximately 264 million U.S. dollars among the 9 ETH ETFs last week, with a cumulative inflow of 12.24 billion U.S. dollars;
Next were Grayscale's ETHE and ETH, which recorded total net outflows of approximately 27.6 million U.S. dollars and 16.5 million U.S. dollars, respectively, for the week;
Fidelity's FETH and Bitwise ETHW had total net outflows of approximately 16.92 million U.S. dollars and 2 million U.S. dollars for the week, respectively;
As of now, the total net asset value of Ethereum spot ETFs is 15.86 billion U.S. dollars, accounting for 4.90% of Ethereum's total market value, with a cumulative net inflow of 11.97 billion U.S. dollars.
#比特币ETF #以太坊ETF
Standard Chartered warns: By 2028, stablecoins may siphon off $500 billion in deposits from developed country banks
Recently, Geoff Kendrick, the global head of cryptocurrency research at Standard Chartered, issued a warning that by 2028, stablecoins could siphon off as much as $500 billion in deposits from lending institutions in developed countries, which will directly threaten the stability of the global traditional banking industry.
This warning is set against the backdrop of a roughly 40% increase in the total supply of global stablecoins over the past year, surpassing $300 billion. At the same time, with regulatory frameworks such as the U.S. Clarity Act expected to be approved by the end of the first quarter this year, this growth rate is likely to accelerate further.
Geoff Kendrick stated that stablecoins are not only continuously diverting bank deposits, but more importantly, as core banking functions like payment networks gradually shift towards the stablecoin ecosystem, the financial intermediation role of banks will face fundamental challenges and threats.
Additionally, the two major stablecoin issuers, Tether and Circle, have allocated the vast majority of their reserve assets to non-bank assets such as treasury bonds, which also means that the deposits lost by banks are unlikely to return.
Within the entire banking system, regional banks have become the most severely impacted group. These institutions are highly dependent on traditional deposit-taking and lending operations as well as net interest margin income, thus facing the highest risks; while investment banks with more diversified business layouts are relatively less affected.
Meanwhile, the controversy over whether stablecoin holders can earn deposit-like yields is intensifying this competition. For instance, Coinbase has already offered a 3.5% yield incentive to USDC holders, which has directly challenged bank savings products.
Coinbase CEO Brian Armstrong recently publicly criticized bank lobbying groups for attempting to suppress such innovative practices, arguing that this behavior harms consumer interests.
Overall, although in the short term, market confidence in regional banks remains unshaken, and the regional bank index performed strongly in January, the Federal Reserve's potential interest rate cuts may also alleviate liability cost pressures, providing traditional banks with a brief buffer;
in the long term, however, the migration of deposits to stablecoins has become a trend, and the extent of damage to traditional banks in the future will largely depend on their strategic choices in responding to this disruptive challenge.
#稳定币 #传统银行业
Recently, Geoff Kendrick, the global head of cryptocurrency research at Standard Chartered, issued a warning that by 2028, stablecoins could siphon off as much as $500 billion in deposits from lending institutions in developed countries, which will directly threaten the stability of the global traditional banking industry.
This warning is set against the backdrop of a roughly 40% increase in the total supply of global stablecoins over the past year, surpassing $300 billion. At the same time, with regulatory frameworks such as the U.S. Clarity Act expected to be approved by the end of the first quarter this year, this growth rate is likely to accelerate further.
Geoff Kendrick stated that stablecoins are not only continuously diverting bank deposits, but more importantly, as core banking functions like payment networks gradually shift towards the stablecoin ecosystem, the financial intermediation role of banks will face fundamental challenges and threats.
Additionally, the two major stablecoin issuers, Tether and Circle, have allocated the vast majority of their reserve assets to non-bank assets such as treasury bonds, which also means that the deposits lost by banks are unlikely to return.
Within the entire banking system, regional banks have become the most severely impacted group. These institutions are highly dependent on traditional deposit-taking and lending operations as well as net interest margin income, thus facing the highest risks; while investment banks with more diversified business layouts are relatively less affected.
Meanwhile, the controversy over whether stablecoin holders can earn deposit-like yields is intensifying this competition. For instance, Coinbase has already offered a 3.5% yield incentive to USDC holders, which has directly challenged bank savings products.
Coinbase CEO Brian Armstrong recently publicly criticized bank lobbying groups for attempting to suppress such innovative practices, arguing that this behavior harms consumer interests.
Overall, although in the short term, market confidence in regional banks remains unshaken, and the regional bank index performed strongly in January, the Federal Reserve's potential interest rate cuts may also alleviate liability cost pressures, providing traditional banks with a brief buffer;
in the long term, however, the migration of deposits to stablecoins has become a trend, and the extent of damage to traditional banks in the future will largely depend on their strategic choices in responding to this disruptive challenge.
#稳定币 #传统银行业
The CARF framework for global crypto tax transparency has officially launched, and offshore cryptocurrency tax evasion is nowhere to hide.
According to Coindesk, as the crypto asset reporting framework (CARF) led by the Organisation for Economic Co-operation and Development (OECD) officially launches in multiple jurisdictions, a global collaborative regulatory network aimed at ending the "era of offshore cryptocurrency tax evasion" has transitioned from legal texts to actual operation.
The core of this framework is to establish a unified global standard for crypto asset information reporting, requiring cryptocurrency trading platforms, brokers, and other institutions to automatically submit user account and transaction data to tax authorities in various countries.
At the same time, regulatory authorities can significantly enhance their ability to track and identify unreported crypto assets by combining fiat currency inflow and outflow records, on-chain data analysis, and internal institutional ledgers.
There is a general consensus in the industry that this systemic reform has put large investors holding unreported offshore crypto assets at unprecedented compliance and potential criminal risk. As a result, some investors have taken the initiative to voluntarily disclose in hopes of obtaining more lenient treatment.
Currently, over 70 countries have pledged to adopt and promote CARF, with relevant transaction data expected to begin systematic collection starting in 2026, and the first round of large-scale cross-border tax information exchange to commence in 2027. This also means that the global tax compliance regulation for crypto assets has officially entered a new phase of continuous tightening and high transparency.
Overall, with the implementation of the crypto asset reporting framework (CARF) worldwide, the era when assets could be hidden behind offshore accounts or complex technologies to evade regulation is gone for good.
For crypto asset holders, passively waiting or harboring illusions is equivalent to bearing enormous legal and financial risks. In this context, only by actively acting within the framework of rules and conducting compliant reporting can one build a sustainable long-term security barrier for personal wealth.
#CARF #Crypto Tax Compliance
According to Coindesk, as the crypto asset reporting framework (CARF) led by the Organisation for Economic Co-operation and Development (OECD) officially launches in multiple jurisdictions, a global collaborative regulatory network aimed at ending the "era of offshore cryptocurrency tax evasion" has transitioned from legal texts to actual operation.
The core of this framework is to establish a unified global standard for crypto asset information reporting, requiring cryptocurrency trading platforms, brokers, and other institutions to automatically submit user account and transaction data to tax authorities in various countries.
At the same time, regulatory authorities can significantly enhance their ability to track and identify unreported crypto assets by combining fiat currency inflow and outflow records, on-chain data analysis, and internal institutional ledgers.
There is a general consensus in the industry that this systemic reform has put large investors holding unreported offshore crypto assets at unprecedented compliance and potential criminal risk. As a result, some investors have taken the initiative to voluntarily disclose in hopes of obtaining more lenient treatment.
Currently, over 70 countries have pledged to adopt and promote CARF, with relevant transaction data expected to begin systematic collection starting in 2026, and the first round of large-scale cross-border tax information exchange to commence in 2027. This also means that the global tax compliance regulation for crypto assets has officially entered a new phase of continuous tightening and high transparency.
Overall, with the implementation of the crypto asset reporting framework (CARF) worldwide, the era when assets could be hidden behind offshore accounts or complex technologies to evade regulation is gone for good.
For crypto asset holders, passively waiting or harboring illusions is equivalent to bearing enormous legal and financial risks. In this context, only by actively acting within the framework of rules and conducting compliant reporting can one build a sustainable long-term security barrier for personal wealth.
#CARF #Crypto Tax Compliance
Robert Kiyosaki: Market Collapse is the "Discount Season" for the Rich, Holding Cash to Buy Gold, Silver, and Bitcoin
In the early hours of February 2, bestselling author Robert Kiyosaki published a post on his social media platform X, comparing the collapse of the financial market to an "asset discount sale," sparking widespread discussion in the market.
He pointed out that during promotions at supermarkets like Walmart, poor people always rush in to grab bargains; however, when financial assets enter a "discount" phase during a market collapse, the poor tend to panic sell and flee, while the rich take the opportunity to buy in large amounts.
Kiyosaki stated that the gold, silver, and bitcoin markets are experiencing a collapse, which means that assets have entered a "discount sale" phase; he also revealed that he is currently holding cash and waiting for the right moment to increase his positions in gold, silver, and bitcoin.
It is worth noting that Kiyosaki is known for his bearish view on fiat currencies and his advocacy for hard assets. This time, he defines the asset price drop caused by market panic selling as a "discount sale," which actually implies that the current adjustment phase of gold, silver, and bitcoin provides a good entry opportunity for value investors.
Overall, amidst the current record-breaking liquidation and sharp decline in the crypto market, and during a period of low sentiment for gold and silver, public statements from opinion leaders like Kiyosaki not only add new discussion points to the market but also make his contrarian investment logic a focal point of market attention once again.
#RobertKiyosaki
In the early hours of February 2, bestselling author Robert Kiyosaki published a post on his social media platform X, comparing the collapse of the financial market to an "asset discount sale," sparking widespread discussion in the market.
He pointed out that during promotions at supermarkets like Walmart, poor people always rush in to grab bargains; however, when financial assets enter a "discount" phase during a market collapse, the poor tend to panic sell and flee, while the rich take the opportunity to buy in large amounts.
Kiyosaki stated that the gold, silver, and bitcoin markets are experiencing a collapse, which means that assets have entered a "discount sale" phase; he also revealed that he is currently holding cash and waiting for the right moment to increase his positions in gold, silver, and bitcoin.
It is worth noting that Kiyosaki is known for his bearish view on fiat currencies and his advocacy for hard assets. This time, he defines the asset price drop caused by market panic selling as a "discount sale," which actually implies that the current adjustment phase of gold, silver, and bitcoin provides a good entry opportunity for value investors.
Overall, amidst the current record-breaking liquidation and sharp decline in the crypto market, and during a period of low sentiment for gold and silver, public statements from opinion leaders like Kiyosaki not only add new discussion points to the market but also make his contrarian investment logic a focal point of market attention once again.
#RobertKiyosaki
The crypto market faces "Black January": Daily liquidation exceeds $2.5 billion, Bitcoin and Ethereum experience record monthly declines
According to Coinglass data, on January 31, the total liquidation amount across the network reached nearly $2.5615 billion, marking the highest daily liquidation volume since the "historic crash on October 11."
Among these, long positions liquidated amounted to $2.4068 billion, while short positions liquidated totaled $154.7 million, indicating that the most severe losses during the market's violent fluctuations were suffered by long traders.
Additionally, according to return rate data, as of the monthly close, Bitcoin's return rate for January 2026 was -10.17%, setting the fifth lowest record since 2013, far below its historical average return rate for January (2.81%);
Ethereum's return rate for January was -17.52%, marking the third lowest record since 2017, also significantly lower than its historical January average (16.81%). The weak performance of these two core assets laid the foundation for the overall market decline.
Moreover, in this market correction storm, the "insider whale" that accurately operated during the "1011" event and reaped over $142 million in profits to top the profit list also suffered severe losses during this correction;
According to Lookonchain monitoring, its total losses on January 31 on the Hyperliquid platform have reached $128.87 million, dropping from the top of the profit list to the highest losses. This dramatic reversal intuitively confirms the extreme cruelty and high-risk nature of this round of market volatility.
In summary, from the record liquidation scale to the core assets hitting multi-year lows in monthly performance, and the case of the "insider whale" shifting from massive profits to massive losses, it clearly points to the brutality of the market, where it takes only one deep pullback to go from heaven to hell.
#加密货币爆仓 #巨鲸亏损
According to Coinglass data, on January 31, the total liquidation amount across the network reached nearly $2.5615 billion, marking the highest daily liquidation volume since the "historic crash on October 11."
Among these, long positions liquidated amounted to $2.4068 billion, while short positions liquidated totaled $154.7 million, indicating that the most severe losses during the market's violent fluctuations were suffered by long traders.
Additionally, according to return rate data, as of the monthly close, Bitcoin's return rate for January 2026 was -10.17%, setting the fifth lowest record since 2013, far below its historical average return rate for January (2.81%);
Ethereum's return rate for January was -17.52%, marking the third lowest record since 2017, also significantly lower than its historical January average (16.81%). The weak performance of these two core assets laid the foundation for the overall market decline.
Moreover, in this market correction storm, the "insider whale" that accurately operated during the "1011" event and reaped over $142 million in profits to top the profit list also suffered severe losses during this correction;
According to Lookonchain monitoring, its total losses on January 31 on the Hyperliquid platform have reached $128.87 million, dropping from the top of the profit list to the highest losses. This dramatic reversal intuitively confirms the extreme cruelty and high-risk nature of this round of market volatility.
In summary, from the record liquidation scale to the core assets hitting multi-year lows in monthly performance, and the case of the "insider whale" shifting from massive profits to massive losses, it clearly points to the brutality of the market, where it takes only one deep pullback to go from heaven to hell.
#加密货币爆仓 #巨鲸亏损
Due to Congress's failure to complete appropriations on time, the U.S. federal government is once again facing a shutdown crisis.
According to the latest market news, the U.S. federal government will once again enter a shutdown at dawn on January 31, marking the second government closure crisis within three months since the historic 43-day shutdown that ended last year.
According to the U.S. Office of Management and Budget, affected agencies should begin implementing orderly shutdown plans due to Congress's failure to complete appropriations on time. While some departments have had their funding preserved, the majority of federal spending issues remain unresolved.
The affected departments are wide-ranging, with several including the Department of Defense, Department of Homeland Security, Department of State, Department of Labor, Department of Transportation, Department of Health and Human Services, and Department of Education beginning to execute orderly shutdown plans.
Market views suggest that while the Senate passed several department appropriations bills before the deadline, the House of Representatives is unable to vote in time due to its recess until next Monday, resulting in multiple federal department appropriations funds running out on January 30.
However, the House of Representatives will reconvene next Monday, and since all parties have no intention of repeating last year's 43-day shutdown, it is likely to quickly pass the Senate's version, allowing the government to reopen in the coming days.
Despite facing a comprehensive shutdown crisis, the agreement reached by the government also provides full-year funding for some key departments until the end of September, creating room for bipartisan negotiations on relevant issues while effectively preventing the government from falling into a complete halt.
Overall, while the current shutdown may end as soon as next week, the deep-seated political contradictions that triggered this crisis remain unresolved.
If negotiations around the core issues of both parties do not reach a consensus in the short term, the U.S. government may still maintain a shutdown in the coming weeks.
#U.S. government faces shutdown again
According to the latest market news, the U.S. federal government will once again enter a shutdown at dawn on January 31, marking the second government closure crisis within three months since the historic 43-day shutdown that ended last year.
According to the U.S. Office of Management and Budget, affected agencies should begin implementing orderly shutdown plans due to Congress's failure to complete appropriations on time. While some departments have had their funding preserved, the majority of federal spending issues remain unresolved.
The affected departments are wide-ranging, with several including the Department of Defense, Department of Homeland Security, Department of State, Department of Labor, Department of Transportation, Department of Health and Human Services, and Department of Education beginning to execute orderly shutdown plans.
Market views suggest that while the Senate passed several department appropriations bills before the deadline, the House of Representatives is unable to vote in time due to its recess until next Monday, resulting in multiple federal department appropriations funds running out on January 30.
However, the House of Representatives will reconvene next Monday, and since all parties have no intention of repeating last year's 43-day shutdown, it is likely to quickly pass the Senate's version, allowing the government to reopen in the coming days.
Despite facing a comprehensive shutdown crisis, the agreement reached by the government also provides full-year funding for some key departments until the end of September, creating room for bipartisan negotiations on relevant issues while effectively preventing the government from falling into a complete halt.
Overall, while the current shutdown may end as soon as next week, the deep-seated political contradictions that triggered this crisis remain unresolved.
If negotiations around the core issues of both parties do not reach a consensus in the short term, the U.S. government may still maintain a shutdown in the coming weeks.
#U.S. government faces shutdown again
The total net outflow of the US BTC and ETH spot ETFs reached 763 million USD on Friday.
On January 31, according to SoSovalue data, the US BTC spot ETF recorded a total net outflow of nearly 510 million USD on Friday, marking the fourth consecutive day of single-day capital net outflows.
Among them, BlackRock's IBIT had the highest net outflow yesterday, amounting to nearly 528 million USD (approximately 6,310 BTC), and it was the only BTC ETF that experienced a net outflow yesterday, with a cumulative total net inflow of 61.96 billion USD;
Meanwhile, Ark 21Shares ARKB, Fidelity's FBTC, and VanEck HODL, respectively recorded single-day net inflows of 8.34 million USD (99.59 BTC), 7.30 million USD (87.12 BTC), and 2.96 million USD (35.35 BTC);
As of now, the total net asset value of the Bitcoin spot ETF is 106.96 billion USD, accounting for 6.38% of the total Bitcoin market capitalization, with a cumulative total net inflow of 55.01 billion USD.
On the same day, the US Ethereum spot ETF recorded a total net outflow of nearly 253 million USD, marking the third consecutive day of single-day capital net outflows this week.
Among them, BlackRock's ETHA had the highest net outflow yesterday, amounting to nearly 157 million USD (approximately 58,330 ETH), with a cumulative total net inflow of 12.24 billion USD;
Next, Fidelity's FETH saw a net outflow of 95.71 million USD (approximately 35,520 ETH) yesterday, with a cumulative total net inflow of 2.57 billion USD;
As of now, the total net asset value of the Ethereum spot ETF is 15.86 billion USD, accounting for 4.90% of the total Ethereum market capitalization, with a cumulative total net inflow of 11.97 billion USD.
#比特币ETF #以太坊ETF
On January 31, according to SoSovalue data, the US BTC spot ETF recorded a total net outflow of nearly 510 million USD on Friday, marking the fourth consecutive day of single-day capital net outflows.
Among them, BlackRock's IBIT had the highest net outflow yesterday, amounting to nearly 528 million USD (approximately 6,310 BTC), and it was the only BTC ETF that experienced a net outflow yesterday, with a cumulative total net inflow of 61.96 billion USD;
Meanwhile, Ark 21Shares ARKB, Fidelity's FBTC, and VanEck HODL, respectively recorded single-day net inflows of 8.34 million USD (99.59 BTC), 7.30 million USD (87.12 BTC), and 2.96 million USD (35.35 BTC);
As of now, the total net asset value of the Bitcoin spot ETF is 106.96 billion USD, accounting for 6.38% of the total Bitcoin market capitalization, with a cumulative total net inflow of 55.01 billion USD.
On the same day, the US Ethereum spot ETF recorded a total net outflow of nearly 253 million USD, marking the third consecutive day of single-day capital net outflows this week.
Among them, BlackRock's ETHA had the highest net outflow yesterday, amounting to nearly 157 million USD (approximately 58,330 ETH), with a cumulative total net inflow of 12.24 billion USD;
Next, Fidelity's FETH saw a net outflow of 95.71 million USD (approximately 35,520 ETH) yesterday, with a cumulative total net inflow of 2.57 billion USD;
As of now, the total net asset value of the Ethereum spot ETF is 15.86 billion USD, accounting for 4.90% of the total Ethereum market capitalization, with a cumulative total net inflow of 11.97 billion USD.
#比特币ETF #以太坊ETF
Trump officially nominates Kevin Warsh to succeed as Chair of the Federal Reserve, is the Powell era about to officially end?
On January 31, President Trump officially nominated former Federal Reserve Governor Kevin Warsh as the next Chair of the Federal Reserve.
If the nomination is confirmed by the Senate, Kevin Warsh will officially take over from Jerome Powell in May of this year, becoming the next Chair of the Federal Reserve, overseeing the world's most influential central bank (the Federal Reserve).
This eye-catching nomination is not only due to Warsh's own senior credentials but also his deep and complex personal relationship with the Trump family.
Public records show that Warsh's father-in-law is Ronald Lauder, the heir to the Estée Lauder Group. This business tycoon has known Trump for over sixty years and was a key figure who once suggested the bold idea of purchasing Greenland to Trump.
Such familial ties have led Trump to hold Warsh in high regard. When announcing the nomination on social media, Trump generously praised Warsh, stating there is no doubt that Warsh will become "one of the greatest Chairs in the history of the Federal Reserve."
Kevin Warsh has an extensive resume; he previously worked at Morgan Stanley, then joined the Bush administration, and in 2006 became the youngest governor in Federal Reserve history at the age of 35. During the 2008 financial crisis, he also served as a key liaison between the Federal Reserve and Wall Street.
Of particular interest is Warsh's shift in monetary policy stance. He was previously known for his "hawkish" position within the Federal Reserve and even resigned in opposition to quantitative easing policies.
However, his stance has recently softened, and he has agreed with Trump’s approach of applying pressure on the Federal Reserve, which aligns with Trump's demands.
After the nomination was announced, the market reacted mixedly. The Dollar Index (DXY) rose slightly, while US Treasury yields (US10Y) and major indices fell across the board. Analysts believe the market is evaluating the potential policy changes Warsh may bring.
However, this nomination will face challenges during the Senate confirmation process. Republican advantages in the relevant committees remain slim, and some lawmakers have indicated they will obstruct the nomination process, making Warsh's smooth assumption of office uncertain.
#美联储主席
On January 31, President Trump officially nominated former Federal Reserve Governor Kevin Warsh as the next Chair of the Federal Reserve.
If the nomination is confirmed by the Senate, Kevin Warsh will officially take over from Jerome Powell in May of this year, becoming the next Chair of the Federal Reserve, overseeing the world's most influential central bank (the Federal Reserve).
This eye-catching nomination is not only due to Warsh's own senior credentials but also his deep and complex personal relationship with the Trump family.
Public records show that Warsh's father-in-law is Ronald Lauder, the heir to the Estée Lauder Group. This business tycoon has known Trump for over sixty years and was a key figure who once suggested the bold idea of purchasing Greenland to Trump.
Such familial ties have led Trump to hold Warsh in high regard. When announcing the nomination on social media, Trump generously praised Warsh, stating there is no doubt that Warsh will become "one of the greatest Chairs in the history of the Federal Reserve."
Kevin Warsh has an extensive resume; he previously worked at Morgan Stanley, then joined the Bush administration, and in 2006 became the youngest governor in Federal Reserve history at the age of 35. During the 2008 financial crisis, he also served as a key liaison between the Federal Reserve and Wall Street.
Of particular interest is Warsh's shift in monetary policy stance. He was previously known for his "hawkish" position within the Federal Reserve and even resigned in opposition to quantitative easing policies.
However, his stance has recently softened, and he has agreed with Trump’s approach of applying pressure on the Federal Reserve, which aligns with Trump's demands.
After the nomination was announced, the market reacted mixedly. The Dollar Index (DXY) rose slightly, while US Treasury yields (US10Y) and major indices fell across the board. Analysts believe the market is evaluating the potential policy changes Warsh may bring.
However, this nomination will face challenges during the Senate confirmation process. Republican advantages in the relevant committees remain slim, and some lawmakers have indicated they will obstruct the nomination process, making Warsh's smooth assumption of office uncertain.
#美联储主席
The $300 billion contraction in dollar liquidity is the main reason for the recent decline in Bitcoin.
On January 30, well-known crypto figure and BitMEX co-founder Arthur Hayes posted a message stating that the recent drop in Bitcoin prices is directly related to the contraction of macro dollar liquidity.
He pointed out that in the past few weeks, global dollar liquidity has decreased by about $300 billion, and this contraction is mainly due to the increase in the U.S. Treasury General Account (TGA) to about $200 billion.
Hayes analyzed that this move may be an advance build-up of cash reserves by the U.S. government to respond to potential fiscal cliff risks, aiming to ensure core government spending and repayment capacity.
In this macro context, he noted that the recent decline in Bitcoin is not surprising, as its price trend shows a high correlation with the tightening of dollar liquidity.
In summary, Hayes, through this unique observational perspective, helps us realize that the recent significant fluctuations in the crypto market are not merely due to market sentiment but are because of changes in global dollar liquidity, which indirectly affects Bitcoin's ups and downs.
This also reminds market participants that in the current environment of tightening Federal Reserve policies and active Treasury operations, changes in dollar liquidity have become a key factor influencing the short-term price fluctuations of crypto assets like Bitcoin.
Therefore, investors should pay closer attention to the interplay between fiscal and monetary policies when making market investment decisions, as well as the actual impact these policy changes have on the global pool of funds.
#比特币 #美元流动性
On January 30, well-known crypto figure and BitMEX co-founder Arthur Hayes posted a message stating that the recent drop in Bitcoin prices is directly related to the contraction of macro dollar liquidity.
He pointed out that in the past few weeks, global dollar liquidity has decreased by about $300 billion, and this contraction is mainly due to the increase in the U.S. Treasury General Account (TGA) to about $200 billion.
Hayes analyzed that this move may be an advance build-up of cash reserves by the U.S. government to respond to potential fiscal cliff risks, aiming to ensure core government spending and repayment capacity.
In this macro context, he noted that the recent decline in Bitcoin is not surprising, as its price trend shows a high correlation with the tightening of dollar liquidity.
In summary, Hayes, through this unique observational perspective, helps us realize that the recent significant fluctuations in the crypto market are not merely due to market sentiment but are because of changes in global dollar liquidity, which indirectly affects Bitcoin's ups and downs.
This also reminds market participants that in the current environment of tightening Federal Reserve policies and active Treasury operations, changes in dollar liquidity have become a key factor influencing the short-term price fluctuations of crypto assets like Bitcoin.
Therefore, investors should pay closer attention to the interplay between fiscal and monetary policies when making market investment decisions, as well as the actual impact these policy changes have on the global pool of funds.
#比特币 #美元流动性
The cumulative total net outflow of the US BTC and ETH spot ETFs reached $973 million on Thursday
On January 30, according to SoSovalue data, the US BTC spot ETF recorded a total net outflow of approximately $818 million yesterday, marking the third consecutive day of outflows this week.
Among them, BlackRock's IBIT topped the outflow list yesterday with nearly $318 million (approximately 3,790 BTC), while the cumulative total net inflow for IBIT stands at $62.48 billion;
Next, Fidelity's FBTC and Grayscale's GBTC recorded net outflows of $168 million (approximately 2,000 BTC) and $119 million (approximately 1,420 BTC) respectively yesterday;
Following them were Bitwise BITB, Ark & 21Shares ARKB, and Grayscale's BTC, which recorded single-day net outflows of $88.88 million (approximately 1,060 BTC), $71.58 million (853.14 BTC), and $37.21 million (443.50 BTC) respectively;
Invesco's BTCO and VanEck's HODL recorded net outflows of $8.38 million (99.83 BTC) and $6.52 million (77.77 BTC) respectively yesterday;
As of now, the total net asset value of Bitcoin spot ETFs is $107.65 billion, accounting for 6.40% of Bitcoin's total market capitalization, with a cumulative total net inflow of $55.52 billion.
On the same day, the US Ethereum spot ETF recorded a net outflow of nearly $156 million, marking the second day of net outflows this week.
Among them, Fidelity's FETH and BlackRock's ETHA topped the outflow list yesterday with $59.15 million (approximately 21,190 ETH) and $54.88 million (approximately 19,640 ETH) respectively.
Next were Grayscale's ETH and ETHE, as well as Bitwise's ETHW, which recorded net outflows of $26.49 million (approximately 9,480 ETH), $13.05 million (approximately 4,670 ETH), and $2 million (715.93 ETH) respectively yesterday.
As of now, the total net asset value of Ethereum spot ETFs is $16.75 billion, accounting for 4.95% of Ethereum's total market capitalization, with a cumulative total net inflow of $12.23 billion.
#比特币ETF #以太坊ETF
On January 30, according to SoSovalue data, the US BTC spot ETF recorded a total net outflow of approximately $818 million yesterday, marking the third consecutive day of outflows this week.
Among them, BlackRock's IBIT topped the outflow list yesterday with nearly $318 million (approximately 3,790 BTC), while the cumulative total net inflow for IBIT stands at $62.48 billion;
Next, Fidelity's FBTC and Grayscale's GBTC recorded net outflows of $168 million (approximately 2,000 BTC) and $119 million (approximately 1,420 BTC) respectively yesterday;
Following them were Bitwise BITB, Ark & 21Shares ARKB, and Grayscale's BTC, which recorded single-day net outflows of $88.88 million (approximately 1,060 BTC), $71.58 million (853.14 BTC), and $37.21 million (443.50 BTC) respectively;
Invesco's BTCO and VanEck's HODL recorded net outflows of $8.38 million (99.83 BTC) and $6.52 million (77.77 BTC) respectively yesterday;
As of now, the total net asset value of Bitcoin spot ETFs is $107.65 billion, accounting for 6.40% of Bitcoin's total market capitalization, with a cumulative total net inflow of $55.52 billion.
On the same day, the US Ethereum spot ETF recorded a net outflow of nearly $156 million, marking the second day of net outflows this week.
Among them, Fidelity's FETH and BlackRock's ETHA topped the outflow list yesterday with $59.15 million (approximately 21,190 ETH) and $54.88 million (approximately 19,640 ETH) respectively.
Next were Grayscale's ETH and ETHE, as well as Bitwise's ETHW, which recorded net outflows of $26.49 million (approximately 9,480 ETH), $13.05 million (approximately 4,670 ETH), and $2 million (715.93 ETH) respectively yesterday.
As of now, the total net asset value of Ethereum spot ETFs is $16.75 billion, accounting for 4.95% of Ethereum's total market capitalization, with a cumulative total net inflow of $12.23 billion.
#比特币ETF #以太坊ETF
The U.S. SEC has established regulatory rules for tokenized securities, delineating the boundaries for the issuance and operation of two types of security tokens.
On January 28, the U.S. Securities and Exchange Commission (SEC) released new guidance that clarifies the applicable rules of federal securities law in the field of tokenized securities.
The guidance officially categorizes tokenized securities into two types: "issuer-initiated" and "third-party initiated," aiming to refine regulatory standards and provide clear compliance guidance for market participants engaged in related business activities.
According to the SEC's definition, tokenized securities are essentially financial instruments that meet the legal definition of "securities." In the "issuer-initiated" model, the issuer integrates distributed ledger technology (DLT) into existing systems to ensure that on-chain asset transfers synchronize with official holder records.
The SEC also pointed out that as long as the rights and privileges of tokenized securities are "substantially" similar to those of traditional securities, they can be considered equivalent; furthermore, issuers may also utilize crypto assets that do not directly integrate with the master record to achieve off-chain ownership transfers.
The "third-party initiated" model mainly adopts the development path of custodial tokenized securities or synthetic securities. In this case, custodial tokenized securities are issued by a third-party representative (on behalf of other companies), and their records can be maintained by the third party either on-chain or off-chain;
while synthetic tokenized securities track the price of underlying assets through financial derivatives but do not grant ownership to the original holder. Therefore, synthetic tokenized securities can only be offered to qualified contract participants unless registered and listed for trading on a national securities exchange.
The SEC stated that regardless of the classification or form taken, the legal status of tokenized securities as securities and their treatment under federal securities law will not change. This core stance indicates that technological packaging cannot alter financial substance, and all market participants must operate within the existing securities law framework.
The statement also emphasized that the SEC will continue to assist market participants seeking clarification or preparing filing documents to promote healthy industry development while complying with existing registration and disclosure requirements.
#SEC
On January 28, the U.S. Securities and Exchange Commission (SEC) released new guidance that clarifies the applicable rules of federal securities law in the field of tokenized securities.
The guidance officially categorizes tokenized securities into two types: "issuer-initiated" and "third-party initiated," aiming to refine regulatory standards and provide clear compliance guidance for market participants engaged in related business activities.
According to the SEC's definition, tokenized securities are essentially financial instruments that meet the legal definition of "securities." In the "issuer-initiated" model, the issuer integrates distributed ledger technology (DLT) into existing systems to ensure that on-chain asset transfers synchronize with official holder records.
The SEC also pointed out that as long as the rights and privileges of tokenized securities are "substantially" similar to those of traditional securities, they can be considered equivalent; furthermore, issuers may also utilize crypto assets that do not directly integrate with the master record to achieve off-chain ownership transfers.
The "third-party initiated" model mainly adopts the development path of custodial tokenized securities or synthetic securities. In this case, custodial tokenized securities are issued by a third-party representative (on behalf of other companies), and their records can be maintained by the third party either on-chain or off-chain;
while synthetic tokenized securities track the price of underlying assets through financial derivatives but do not grant ownership to the original holder. Therefore, synthetic tokenized securities can only be offered to qualified contract participants unless registered and listed for trading on a national securities exchange.
The SEC stated that regardless of the classification or form taken, the legal status of tokenized securities as securities and their treatment under federal securities law will not change. This core stance indicates that technological packaging cannot alter financial substance, and all market participants must operate within the existing securities law framework.
The statement also emphasized that the SEC will continue to assist market participants seeking clarification or preparing filing documents to promote healthy industry development while complying with existing registration and disclosure requirements.
#SEC
Trump met with Kevin Warsh at the White House on Thursday, and the market consensus bets that he will receive the nomination for Federal Reserve Chairman tonight.
According to market news, Trump met with former Federal Reserve Governor Kevin Warsh at the White House on Thursday, and Warsh is currently a leading candidate for the next Federal Reserve Chairman.
Immediately after, Trump announced that he would reveal the final candidate for Federal Reserve Chairman tonight Beijing time, after which the market's predictions regarding the nomination probabilities of each candidate will face their ultimate judgment.
According to the latest data from Polymarket, the market quote for former Federal Reserve Governor Kevin Warsh's nomination has reached as high as 96 cents, significantly ahead of BlackRock executive Rick Rieder and current Governor Christopher Waller.
We know that Polymarket encapsulates the 'trust votes' cast by global traders with real money; it integrates all public information, insider rumors, and even political intuition, making it often more reflective of the real situation than traditional polls or expert analyses.
Currently, the prediction market is almost one-sidedly betting on Warsh, strongly indicating that this prolonged guessing game is nearing its end, and he is very likely to become Trump's final choice.
If the consensus betting results in the prediction market become reality, this former governor, who has criticized quantitative easing and holds a hawkish stance, will take the helm of the Federal Reserve, injecting significant uncertainty into the path of U.S. monetary policy.
#KevinWarsh #Polymarket
According to market news, Trump met with former Federal Reserve Governor Kevin Warsh at the White House on Thursday, and Warsh is currently a leading candidate for the next Federal Reserve Chairman.
Immediately after, Trump announced that he would reveal the final candidate for Federal Reserve Chairman tonight Beijing time, after which the market's predictions regarding the nomination probabilities of each candidate will face their ultimate judgment.
According to the latest data from Polymarket, the market quote for former Federal Reserve Governor Kevin Warsh's nomination has reached as high as 96 cents, significantly ahead of BlackRock executive Rick Rieder and current Governor Christopher Waller.
We know that Polymarket encapsulates the 'trust votes' cast by global traders with real money; it integrates all public information, insider rumors, and even political intuition, making it often more reflective of the real situation than traditional polls or expert analyses.
Currently, the prediction market is almost one-sidedly betting on Warsh, strongly indicating that this prolonged guessing game is nearing its end, and he is very likely to become Trump's final choice.
If the consensus betting results in the prediction market become reality, this former governor, who has criticized quantitative easing and holds a hawkish stance, will take the helm of the Federal Reserve, injecting significant uncertainty into the path of U.S. monetary policy.
#KevinWarsh #Polymarket
The global cryptocurrency market has seen over 1.682 billion USD in liquidations in the past 24 hours.
According to CoinGlass data, nearly 270,000 investor accounts in the global cryptocurrency market were forcibly liquidated in the past 24 hours, with the total liquidation amount reaching 1.682 billion USD. The liquidation amount for long positions was 1.574 billion USD, while the liquidation for short positions was 108 million USD;
BTC and ETH have become the hardest-hit areas in this liquidation, with the combined liquidation amount of both accounting for 70% of the total market scale. Among them, the liquidation amount for Bitcoin in the past 24 hours was 769 million USD, and the liquidation amount for Ethereum was 417 million USD. Both cryptocurrencies have shown characteristics of significant long position liquidations in the market.
Analysts believe that this large-scale liquidation is a concentrated risk release under the influence of multiple macroeconomic and emotional factors. This may also be a clear signal that the market is entering a phase of intense volatility and deleveraging.
As retail contract speculators, we must remain highly cautious of liquidity risks and the clearing mechanism in extreme market conditions while pursuing high leverage and high returns.
#合约清算 #加密货币
According to CoinGlass data, nearly 270,000 investor accounts in the global cryptocurrency market were forcibly liquidated in the past 24 hours, with the total liquidation amount reaching 1.682 billion USD. The liquidation amount for long positions was 1.574 billion USD, while the liquidation for short positions was 108 million USD;
BTC and ETH have become the hardest-hit areas in this liquidation, with the combined liquidation amount of both accounting for 70% of the total market scale. Among them, the liquidation amount for Bitcoin in the past 24 hours was 769 million USD, and the liquidation amount for Ethereum was 417 million USD. Both cryptocurrencies have shown characteristics of significant long position liquidations in the market.
Analysts believe that this large-scale liquidation is a concentrated risk release under the influence of multiple macroeconomic and emotional factors. This may also be a clear signal that the market is entering a phase of intense volatility and deleveraging.
As retail contract speculators, we must remain highly cautious of liquidity risks and the clearing mechanism in extreme market conditions while pursuing high leverage and high returns.
#合约清算 #加密货币
Trump will nominate the new head of the Federal Reserve tonight, and the independence of the central bank's policy may face new challenges.
According to the latest news from KobeissiLetter, President Trump announced that he will reveal the next Federal Reserve chairman candidate on the morning of January 30 (Beijing time tonight) to replace the current chairman Jerome Powell, whose term is set to expire in May this year.
This decision is not only a key personnel change but also marks a decisive phase in the long-standing and public divergence between Trump and the Federal Reserve over monetary policy.
It is noteworthy that since returning to the White House in early 2025, Trump has publicly criticized the Federal Reserve multiple times for keeping interest rates at "unacceptably high" levels and has called for rates to be "lowered by two to three percentage points."
Meanwhile, just after the Federal Reserve announced on January 28 (local time) that it would keep interest rates unchanged, Trump quickly criticized Powell on social media for "again refusing to cut interest rates."
This conflict is not only verbal; an investigation initiated by the U.S. Department of Justice into the cost overruns of the Federal Reserve's headquarters renovation is underway, and Powell also views the investigation as political pressure for not adhering to the president's desire for rate cuts.
According to the latest quotes from the prediction market Polymarket, the market quote for former Federal Reserve Governor Kevin Warsh being appointed is as high as 96 cents, far exceeding the second place executive Rick Rieder from BlackRock and the third place current Federal Reserve Governor Christopher Waller.
However, according to the U.S. Constitution, the Federal Reserve chairman candidate nominated by the president must be confirmed after a hearing by the Senate Banking Committee and a full vote (majority approval) to take effect. Currently, there are still considerable political obstacles in the confirmation process.
Overall, regardless of who Trump ultimately announces as the Federal Reserve's candidate, it will profoundly impact the direction of U.S. monetary policy. This personnel appointment surrounding interest rate policy not only concerns economic decision-making but also tests the Federal Reserve's policy independence.
#特朗普 #美联储主席
According to the latest news from KobeissiLetter, President Trump announced that he will reveal the next Federal Reserve chairman candidate on the morning of January 30 (Beijing time tonight) to replace the current chairman Jerome Powell, whose term is set to expire in May this year.
This decision is not only a key personnel change but also marks a decisive phase in the long-standing and public divergence between Trump and the Federal Reserve over monetary policy.
It is noteworthy that since returning to the White House in early 2025, Trump has publicly criticized the Federal Reserve multiple times for keeping interest rates at "unacceptably high" levels and has called for rates to be "lowered by two to three percentage points."
Meanwhile, just after the Federal Reserve announced on January 28 (local time) that it would keep interest rates unchanged, Trump quickly criticized Powell on social media for "again refusing to cut interest rates."
This conflict is not only verbal; an investigation initiated by the U.S. Department of Justice into the cost overruns of the Federal Reserve's headquarters renovation is underway, and Powell also views the investigation as political pressure for not adhering to the president's desire for rate cuts.
According to the latest quotes from the prediction market Polymarket, the market quote for former Federal Reserve Governor Kevin Warsh being appointed is as high as 96 cents, far exceeding the second place executive Rick Rieder from BlackRock and the third place current Federal Reserve Governor Christopher Waller.
However, according to the U.S. Constitution, the Federal Reserve chairman candidate nominated by the president must be confirmed after a hearing by the Senate Banking Committee and a full vote (majority approval) to take effect. Currently, there are still considerable political obstacles in the confirmation process.
Overall, regardless of who Trump ultimately announces as the Federal Reserve's candidate, it will profoundly impact the direction of U.S. monetary policy. This personnel appointment surrounding interest rate policy not only concerns economic decision-making but also tests the Federal Reserve's policy independence.
#特朗普 #美联储主席
🚨 Paul Atkins announces! On January 30 at 2 PM Eastern Time (January 31 at 3 AM Beijing Time), he will discuss the cryptocurrency regulatory plan with the CFTC!
This critical meeting may set the tone for the future direction of industry regulation, stay tuned!👀
#SEC #CFTC
This critical meeting may set the tone for the future direction of industry regulation, stay tuned!👀
#SEC #CFTC
奔跑财经-FinaceRun
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The SEC and CFTC will discuss the path for cryptocurrency regulation next week to implement the President's goal of making the U.S. the "Crypto Capital of America".
According to the official announcement from the U.S. Securities and Exchange Commission (SEC), the SEC will hold a joint event with the CFTC on January 27 themed "America's Financial Leadership in the Crypto Era".
The core agenda of this event will focus on the coordination and cooperation between the SEC and CFTC to jointly promote achieving President Trump's policy goal of making the U.S. the "World Capital of Cryptocurrency".
The schedule indicates that the meeting will be co-hosted by SEC Chairman Paul Atkins and CFTC Chairman Michael Selig, with both parties delivering keynote speeches and engaging in discussions on specific paths for regulatory coordination.
Additionally, the event will be live-streamed to the public via the SEC's official website and will be open for public participation, demonstrating the U.S. regulatory body's proactive willingness to meet industry transparency and public equal communication needs in cryptocurrency policy implementation.
It is noteworthy that this joint meeting coincides with the U.S. Congress's intensive review of several cryptocurrency market structure bills, and will also be a key practical measure for the SEC and CFTC to clarify regulatory responsibilities and avoid jurisdictional friction.
In summary, this joint event indicates that U.S. regulatory agencies are attempting to transform the high-level "pro-crypto" policy declaration into a clear, coordinated, and executable regulatory framework, aimed at providing certainty for the industry while consolidating its global financial leadership.
#SEC #CFTC
According to the official announcement from the U.S. Securities and Exchange Commission (SEC), the SEC will hold a joint event with the CFTC on January 27 themed "America's Financial Leadership in the Crypto Era".
The core agenda of this event will focus on the coordination and cooperation between the SEC and CFTC to jointly promote achieving President Trump's policy goal of making the U.S. the "World Capital of Cryptocurrency".
The schedule indicates that the meeting will be co-hosted by SEC Chairman Paul Atkins and CFTC Chairman Michael Selig, with both parties delivering keynote speeches and engaging in discussions on specific paths for regulatory coordination.
Additionally, the event will be live-streamed to the public via the SEC's official website and will be open for public participation, demonstrating the U.S. regulatory body's proactive willingness to meet industry transparency and public equal communication needs in cryptocurrency policy implementation.
It is noteworthy that this joint meeting coincides with the U.S. Congress's intensive review of several cryptocurrency market structure bills, and will also be a key practical measure for the SEC and CFTC to clarify regulatory responsibilities and avoid jurisdictional friction.
In summary, this joint event indicates that U.S. regulatory agencies are attempting to transform the high-level "pro-crypto" policy declaration into a clear, coordinated, and executable regulatory framework, aimed at providing certainty for the industry while consolidating its global financial leadership.
#SEC #CFTC
Wall Street giants lobby SEC crypto working group, opposing the proposed crypto regulatory exemption clauses
As the Cryptocurrency Market Structure Bill stalls in the Senate, representatives from Wall Street institutions are seeking opportunities for direct dialogue with regulators, expressing concerns about the current aggressive crypto agenda.
This Tuesday, representatives from Wall Street, including JPMorgan, Citadel, and the Securities Industry and Financial Markets Association (SIFMA), held a crucial meeting with the SEC's crypto working group.
According to the official records of the SEC meeting, the focus of the discussions was primarily on the exemption clauses that regulators plan to implement for tokenized securities and decentralized finance (DeFi) projects.
SIFMA, as a major trade organization on Wall Street, warned regulators at the meeting to recognize the substance of their business rather than just the technical packaging. Otherwise, granting exemptions to certain DeFi projects could undermine investor protection and lead to market chaos.
To support its point, SIFMA cited last October's cryptocurrency flash crash, during which the daily settlement amount reached as high as $19 billion, warning regulators that allowing tokenized securities to operate outside the existing securities law framework could pose serious risks to the U.S. economy.
Although SEC Chairman Paul Atkins recently promised to formally approve related innovation exemption clauses by the end of this month to provide legal protection for the industry, this statement stands in stark contrast to Congress's slow legislative process.
Currently, the pace of advancing the Cryptocurrency Market Structure Bill, which aims to incorporate cryptocurrency protections into federal law, has significantly slowed. Disagreements between industry leaders and other stakeholders had previously forced a temporary postponement of the Senate's key vote on the bill.
Notably, core advocates of DeFi did not participate in the meeting on Tuesday. However, this is not surprising, as they reached a consensus with SIFMA earlier this month to openly support the existing version of the bill.
With this obstacle removed, the core contradiction in the current bill's advancement has shifted from DeFi controversies to intense negotiations between Coinbase and banking lobby groups regarding rewards for holding stablecoins.
#SEC #Regulatory Exemption
As the Cryptocurrency Market Structure Bill stalls in the Senate, representatives from Wall Street institutions are seeking opportunities for direct dialogue with regulators, expressing concerns about the current aggressive crypto agenda.
This Tuesday, representatives from Wall Street, including JPMorgan, Citadel, and the Securities Industry and Financial Markets Association (SIFMA), held a crucial meeting with the SEC's crypto working group.
According to the official records of the SEC meeting, the focus of the discussions was primarily on the exemption clauses that regulators plan to implement for tokenized securities and decentralized finance (DeFi) projects.
SIFMA, as a major trade organization on Wall Street, warned regulators at the meeting to recognize the substance of their business rather than just the technical packaging. Otherwise, granting exemptions to certain DeFi projects could undermine investor protection and lead to market chaos.
To support its point, SIFMA cited last October's cryptocurrency flash crash, during which the daily settlement amount reached as high as $19 billion, warning regulators that allowing tokenized securities to operate outside the existing securities law framework could pose serious risks to the U.S. economy.
Although SEC Chairman Paul Atkins recently promised to formally approve related innovation exemption clauses by the end of this month to provide legal protection for the industry, this statement stands in stark contrast to Congress's slow legislative process.
Currently, the pace of advancing the Cryptocurrency Market Structure Bill, which aims to incorporate cryptocurrency protections into federal law, has significantly slowed. Disagreements between industry leaders and other stakeholders had previously forced a temporary postponement of the Senate's key vote on the bill.
Notably, core advocates of DeFi did not participate in the meeting on Tuesday. However, this is not surprising, as they reached a consensus with SIFMA earlier this month to openly support the existing version of the bill.
With this obstacle removed, the core contradiction in the current bill's advancement has shifted from DeFi controversies to intense negotiations between Coinbase and banking lobby groups regarding rewards for holding stablecoins.
#SEC #Regulatory Exemption
The U.S. federal government faces the risk of a shutdown again, and key non-farm employment data may be delayed next week.
According to market news, in order to avoid the federal government falling into a shutdown again on January 31 (Saturday), both parties in the U.S. Congress are engaged in intense negotiations. If an agreement is not reached by the deadline, a full government shutdown will become inevitable.
Currently, Senate Democrats have proposed a key condition, stating that to push the appropriations bill through, additional restrictive measures on the Trump administration's immigration crackdown must be added as a prerequisite for passing the bill.
If this government shutdown becomes a reality again, core federal agencies such as the Department of Defense, Department of Homeland Security, Department of the Treasury, and Department of Labor will all be affected.
One of the most direct impacts is that the Bureau of Labor Statistics may not be able to release the highly anticipated "non-farm employment report" on time next week.
This data is one of the most critical bases for the Federal Reserve's assessment of the economy and formulation of monetary policy. Its delayed release will significantly increase market uncertainty and may disrupt the Federal Reserve's decision-making pace.
In addition, a government shutdown will also impact the upcoming tax season starting this week, as the IRS may fall into operational chaos due to staff shortages; the loan issuance work of the Small Business Administration will also be completely suspended.
Meanwhile, payments to contractors by the Department of Defense will also be forced to stop; a large number of non-essential government employees will also be compelled to take unpaid leave.
However, these disruptions will not only cause immediate economic losses but may also produce a chain reaction on the overall economy by weakening consumer and business confidence.
In summary, the impending risk of a government shutdown has evolved from a political game into a tangible macroeconomic threat. Its most direct consequence is the suspension of key economic data (especially the non-farm report).
This will also directly lead to a loss of decision-making basis for markets, businesses, and policymakers, injecting new uncertainty into an already fragile economic operation. This added uncertainty will inevitably force financial markets to reprice existing expectations.
#美国政府停摆 #经济数据
According to market news, in order to avoid the federal government falling into a shutdown again on January 31 (Saturday), both parties in the U.S. Congress are engaged in intense negotiations. If an agreement is not reached by the deadline, a full government shutdown will become inevitable.
Currently, Senate Democrats have proposed a key condition, stating that to push the appropriations bill through, additional restrictive measures on the Trump administration's immigration crackdown must be added as a prerequisite for passing the bill.
If this government shutdown becomes a reality again, core federal agencies such as the Department of Defense, Department of Homeland Security, Department of the Treasury, and Department of Labor will all be affected.
One of the most direct impacts is that the Bureau of Labor Statistics may not be able to release the highly anticipated "non-farm employment report" on time next week.
This data is one of the most critical bases for the Federal Reserve's assessment of the economy and formulation of monetary policy. Its delayed release will significantly increase market uncertainty and may disrupt the Federal Reserve's decision-making pace.
In addition, a government shutdown will also impact the upcoming tax season starting this week, as the IRS may fall into operational chaos due to staff shortages; the loan issuance work of the Small Business Administration will also be completely suspended.
Meanwhile, payments to contractors by the Department of Defense will also be forced to stop; a large number of non-essential government employees will also be compelled to take unpaid leave.
However, these disruptions will not only cause immediate economic losses but may also produce a chain reaction on the overall economy by weakening consumer and business confidence.
In summary, the impending risk of a government shutdown has evolved from a political game into a tangible macroeconomic threat. Its most direct consequence is the suspension of key economic data (especially the non-farm report).
This will also directly lead to a loss of decision-making basis for markets, businesses, and policymakers, injecting new uncertainty into an already fragile economic operation. This added uncertainty will inevitably force financial markets to reprice existing expectations.
#美国政府停摆 #经济数据
The U.S. BTC spot ETF saw a total net outflow of $19.64 million on Wednesday, while the ETH ETF recorded a total net inflow of $28.10 million
On January 29, according to SoSovalue data, the U.S. BTC spot ETF had a net outflow of $19.64 million yesterday, marking a continuous outflow for 2 days.
Among them, BlackRock's IBIT topped the list with nearly $14.18 million (158.78 BTC) in net outflow yesterday, with a cumulative total net inflow of $62.80 billion;
Following that are Bitwise BITB and Ark&21Shares ARKB, which recorded net outflows of $12.61 million (141.26 BTC) and $12.30 million (137.76 BTC) respectively yesterday;
Meanwhile, Fidelity's FBTC recorded a net inflow of $19.45 million (217.82 ETH), becoming the only BTC ETF with net inflow yesterday;
As of now, the total net asset value of the Bitcoin spot ETF is $115.35 billion, accounting for 6.48% of the total Bitcoin market cap, with a cumulative total net inflow of $56.33 billion.
On the same day, the U.S. Ethereum spot ETF recorded a net inflow of $28.10 million, marking the second day of net inflow this week.
Among them, BlackRock's ETHA topped the net inflow list with $27.34 million (approximately 9,070 ETH) yesterday, with a cumulative total net inflow of $12.45 billion;
Following that, Fidelity's FETH had a net inflow of $0.752 million (249.36 ETH) yesterday, with a cumulative total net inflow of $2.73 billion;
As of now, the total net asset value of the Ethereum spot ETF is $18.22 billion, accounting for 5.01% of the total Ethereum market cap, with a cumulative total net inflow of $12.38 billion.
In summary, although BlackRock's IBIT had a net outflow of $14.17 million yesterday, BlackRock's ETHA simultaneously had a net inflow of $27.34 million, indicating that funds are shifting from Bitcoin ETFs to Ethereum ETFs.
This reallocation behavior seems to show that while investors are adjusting their positions, they still maintain structural attention and allocation towards the cryptocurrency sector.
#比特币ETF #以太坊ETF
On January 29, according to SoSovalue data, the U.S. BTC spot ETF had a net outflow of $19.64 million yesterday, marking a continuous outflow for 2 days.
Among them, BlackRock's IBIT topped the list with nearly $14.18 million (158.78 BTC) in net outflow yesterday, with a cumulative total net inflow of $62.80 billion;
Following that are Bitwise BITB and Ark&21Shares ARKB, which recorded net outflows of $12.61 million (141.26 BTC) and $12.30 million (137.76 BTC) respectively yesterday;
Meanwhile, Fidelity's FBTC recorded a net inflow of $19.45 million (217.82 ETH), becoming the only BTC ETF with net inflow yesterday;
As of now, the total net asset value of the Bitcoin spot ETF is $115.35 billion, accounting for 6.48% of the total Bitcoin market cap, with a cumulative total net inflow of $56.33 billion.
On the same day, the U.S. Ethereum spot ETF recorded a net inflow of $28.10 million, marking the second day of net inflow this week.
Among them, BlackRock's ETHA topped the net inflow list with $27.34 million (approximately 9,070 ETH) yesterday, with a cumulative total net inflow of $12.45 billion;
Following that, Fidelity's FETH had a net inflow of $0.752 million (249.36 ETH) yesterday, with a cumulative total net inflow of $2.73 billion;
As of now, the total net asset value of the Ethereum spot ETF is $18.22 billion, accounting for 5.01% of the total Ethereum market cap, with a cumulative total net inflow of $12.38 billion.
In summary, although BlackRock's IBIT had a net outflow of $14.17 million yesterday, BlackRock's ETHA simultaneously had a net inflow of $27.34 million, indicating that funds are shifting from Bitcoin ETFs to Ethereum ETFs.
This reallocation behavior seems to show that while investors are adjusting their positions, they still maintain structural attention and allocation towards the cryptocurrency sector.
#比特币ETF #以太坊ETF
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