Trump signed an executive order requiring an assessment of strategic national digital asset reserves and established a Presidential Digital Asset Market Working Group aimed at strengthening the United States' leadership in the digital finance sector. Trump also stated at the Davos Forum that he would ask the Federal Reserve to cut interest rates immediately. U.S. Senator Cynthia Lummis mentioned that a strategic reserve of Bitcoin would strengthen the dollar's position and expressed hope for related legislation. CZ claimed that the U.S. Bitcoin strategic reserve plan has basically been confirmed. In the industry, Arkham reported that the Trump family's crypto project WLFI has a holding value exceeding 350 million dollars. OKX became the first global exchange to obtain MiCA pre-authorization. Phemex has temporarily suspended withdrawal functions and is developing a compensation plan. Fathom Holdings announced plans to adopt a Bitcoin reserve strategy. A partner at DWF Labs stated that the synthetic dollar protocol Falcon Finance is set to launch next week. Ranger Labs completed a financing round of 1.90 million dollars, and Soneium's ecological DEX SONEX raised 1 million dollars. Vitalik Buterin warned of the risks of "unlimited political bribery" that political tokens may bring. Standard Chartered analysts suggested focusing on tokens that benefit from the new ETF approvals.

1. The US President signed an executive order on cryptocurrency and established a working group to strengthen digital financial leadershipThe President of the United States officially signed an executive order on cryptocurrency, establishing the Presidential Digital Asset Market Working Group to strengthen the United States' leadership in the field of digital finance. The working group will develop a federal regulatory framework, including stablecoin regulation and a feasibility assessment of the national digital asset strategic reserve. It is chaired by David Sacks, the White House AI and Crypto Technology Commissioner, and members include the Secretary of the Treasury, the Chairman of the SEC, and heads of relevant departments. The order requires federal agencies to review existing regulations and make recommendations to the working group, while prohibiting institutions from promoting or issuing central bank digital currencies (CBDCs). The Digital Asset Working Group will develop a regulatory framework, including establishing a market structure, clarifying the definitions of digital assets, securities, commodities, and collectibles; expanding the global dominance of the US dollar through stablecoins; and evaluating the possibility of establishing a national digital asset reserve.2. Vitalik published an article discussing Ethereum’s L1 and L2 expansion strategies in 2025 and beyondVitalik pointed out that the L2 protocol is the core path for Ethereum to expand, and its technology and social collaboration have pushed Ethereum close to the "escape velocity", that is, sufficient network effects and value accumulation to enable its continued growth. At the same time, Vitalik pointed out the two major challenges at present: expansion scale and heterogeneity issues (including standards, interoperability, proof system security, user experience and economic models, etc.). He proposed targeted solutions, including increasing data block capacity, optimizing L2 proof system security, accelerating the promotion of interoperability standards, and strengthening ETH's core position in the Ethereum economy.3. Bank of Japan raises interest rates by 25 basis pointsAs expected, the Bank of Japan raised its target rate by 25 basis points from 0.25% to 0.50%, the largest increase since 2007 and the highest rate since October 2008. Since it resumed raising interest rates in March last year, the Bank of Japan has raised interest rates three times in less than 12 months.4.SEC issues SAB 122: Revokes guidance on custody obligations for crypto assets and requires full disclosure of related risksThe U.S. Securities and Exchange Commission (SEC) issued Accounting Bulletin No. 122 (SAB 122), revoking the interpretative guidance in Topic 5.FF regarding the obligation of platform users to protect crypto assets. The change needs to be fully implemented retroactively in annual financial reports after December 15, 2024, and can also be applied in advance and the impact of the change in accounting principles needs to be disclosed. In addition, the SEC emphasizes that entities need to disclose the risks and obligations related to the custody of crypto assets in accordance with existing regulations (such as S-K regulations and FASB guidance).5. MicroStrategy may need to pay federal income tax on unrealized Bitcoin gainsUnder the 2022 Reduction in Inflation Act (IRA), companies may be subject to a 15% Corporate Alternative Minimum Tax (CAMT), which is based on adjusted GAAP earnings, and crypto assets are not exempted. MicroStrategy is negotiating with the Internal Revenue Service (IRS) to seek an exemption. If the exemption is not obtained, the company may need to sell some Bitcoin to pay taxes, which may affect its investment strategy. As of now, MicroStrategy holds more than 450,000 Bitcoins, with unrealized gains of approximately $19.3 billion, and taxes may take effect from 2026.6. North Korean hackers may be behind the Phemex hackPhemex was hacked on January 23rd, losing more than $70 million worth of cryptocurrency. The attack appears to be similar to the exploit patterns of other well-known crypto exchanges. Taylor Monahan, chief security researcher at MetaMask, said that the attackers siphoned a large amount of assets from multiple chains at the same time, giving priority to exchange for freezable stablecoins (such as USDC and USDT), and then liquidated other tokens in order of value. These operations are not scripted, but done manually, with assets manually sent to a new address for exchange, and once completed, they are passed to another new address. These assets are then stored until the real money laundering team takes them away next week or next month. "The Phemex exchange currently holds about $1.8 billion in crypto assets, most of which are its exchange tokens PT, totaling $1.1 billion.

<div>1. U.S. President Signs Cryptocurrency Executive Order, Establishing Task Force to Strengthen Leadership in Digital FinanceThe U.S. President has officially signed an executive order on cryptocurrency, establishing the Presidential Task Force on Digital Asset Markets to strengthen the United States' leadership in the field of digital finance. The task force will develop a federal regulatory framework, including the regulation of stablecoins and a feasibility assessment for a national digital asset strategic reserve. Chaired by White House AI and Crypto Technology Advisor David Sacks, the members include the Secretary of the Treasury, the SEC Chair, and heads of relevant departments. The order directs federal agencies to review existing regulations and provide recommendations to the task force while prohibiting agencies from promoting or issuing Central Bank Digital Currencies (CBDCs). The Digital Asset Task Force will establish a regulatory framework, including creating market structures, clarifying definitions of digital assets, securities, commodities, and collectibles; expanding the global dominance of the U.S. dollar through stablecoins; and assessing the feasibility of establishing a national digital asset reserve.2. Vitalik Discusses Ethereum's L1 and L2 Scaling Strategies for 2025 and BeyondVitalik pointed out that L2 protocols are the core pathway for Ethereum's expansion, and their technological and social collaboration has propelled Ethereum close to "escape velocity," meaning it has sufficient network effects and value accumulation to facilitate its continuous growth. At the same time, Vitalik identified two major challenges: scalability and heterogeneity issues (including standards, interoperability, security of proof systems, user experience, and economic models). He proposed targeted solutions, including increasing data block capacity, optimizing L2 proof system security, accelerating the advancement of interoperability standards, and reinforcing ETH's core position in the Ethereum economy.3. Bank of Japan Raises Interest Rates by 25 Basis PointsThe Bank of Japan has raised interest rates by 25 basis points as expected, increasing the target rate from 0.25% to 0.50%, marking the largest hike since 2007, with the rate reaching its highest level since October 2008. Since restarting interest rate hikes in March last year, the Bank of Japan has implemented three increases in less than 12 months.4. SEC Issues SAB 122: Repeals Guidelines on Cryptocurrency Asset Custody Obligations, Requires Full Disclosure of Related RisksThe U.S. Securities and Exchange Commission (SEC) has released Statement of Accounting Bulletin No. 122 (SAB 122), which repeals the interpretative guidance on the custody obligations for cryptocurrency assets of platform users found in Topic 5.FF. This change must be fully retrospectively implemented in annual financial reports after December 15, 2024, but can be applied early with the requirement to disclose the impact of the change in accounting principles. Additionally, the SEC emphasized that entities must disclose risks and obligations related to cryptocurrency asset custody in accordance with existing regulations (such as S-K provisions and FASB guidelines).5. MicroStrategy May Need to Pay Federal Income Tax on Unrealized Bitcoin GainsAccording to the Inflation Reduction Act (IRA) of 2022, companies may be subject to a 15% "Corporate Alternative Minimum Tax" (CAMT), which is based on adjusted GAAP financial statement earnings, and cryptocurrency assets are not included in the exemptions. MicroStrategy is negotiating with the IRS to seek an exemption. If the exemption is not granted, the company may need to sell some Bitcoin to pay taxes, which could affect its investment strategy. As of now, MicroStrategy holds over 450 thousand Bitcoins, with unrealized gains of approximately 19.30 billion dollars, and taxes may take effect starting in 2026.6. North Korean Hacker Group Suspected to Be Behind Phemex Exchange Theft IncidentPhemex was attacked on January 23, resulting in the loss of over 70 million dollars worth of cryptocurrency. The attack appears to resemble the exploit attack patterns of other well-known cryptocurrency exchanges. MetaMask's Chief Security Researcher Taylor Monahan stated that the attackers extracted large amounts of assets simultaneously from multiple chains, prioritizing the exchange of frozen stablecoins (such as USDC and USDT) before liquidating other tokens in value order. These operations were not scripted but were completed manually, with assets being sent to new addresses for exchange, and once completed, they would be passed on to another new address. These assets would then be kept until actual money laundering teams take them away in the following week or month." Phemex currently holds approximately 1.80 billion dollars in cryptocurrency assets, most of which are its exchange tokens PT, totaling 1.10 billion dollars. </div>

Wu Says Daily Selected Crypto News - US President Signs Cryptocurrency Executive Order, Establishes Task Force to Strengthen Digital Finance Leadership

"The Trump Effect" continues to boost the heat of the strategic reserve plan and the growth of Solana DEX trading volume. BTC is currently in a complex interaction of opposing forces. On the technical side, the daily reversal indicator reached an oversold level last week, suggesting potential support, while the weekly indicator still indicates that BTC is in an overbought state. On the macroeconomic front, adverse factors such as tightening liquidity and the Fed's hawkish stance have brought bearish pressures. At the same time, expectations for the U.S. to establish Bitcoin reserves and the bullish impetus from the pro-crypto Trump administration provide support. Over the past week, following Trump's assumption of office, his BTC strategic reserve plan may support market confidence, but funding sources remain a major obstacle. Meanwhile, the acceptance of crypto assets in the market has significantly increased, with the RWA protocol's Total Value Locked (TVL) exceeding 7.30 billion USD, and the proportion of government securities has significantly increased, reflecting a growing market preference for low-risk digital assets. Trump's administration may provide confidence support for BTC through its strategic reserve plan. On January 20, Trump took office, and the BTC strategic reserve plan promoted by his administration has become a hot topic in the market. The market generally believes that if the U.S. includes BTC in its national reserves and commits to holding it long-term, it will further attract institutional investors. However, the actual effect of this confidence boost may be limited. The core obstacle of the strategic reserve plan lies in funding sources. The current fiscal situation in the U.S. is exceptionally tight, with annual debt interest payments becoming a heavy burden. Over the next decade, the fiscal space in the U.S. is expected to continue to narrow, making the possibility of purchasing BTC through increased debt issuance nearly zero. In the absence of traditional fiscal means, a market-oriented model may become the solution. The token fundraising model previously attempted by Trump, despite being controversial, provides a reference for a "sandbox test" of similar reserve plans. These pathways may offer more realistic solutions for the BTC reserve plan. $TRUMP drives Solana DEX trading volume to a historical high. The market frenzy triggered by OFFICIAL TRUMP ($TRUMP) has led to a surge in the usage of Solana DEX. In January 2025, the trading volume of Solana DEX reached an unprecedented 268% compared to ETH DEX, while the same ratio was only 53% in the same period last year. As the Solana DEX ecosystem expands, ETH's market share faces greater pressure. With low transaction costs and increasingly enhanced network stability, Solana has become an important competitor in the decentralized trading market. RWA protocol TVL exceeds 7.30 billion USD, with a significant increase in the proportion of government securities. According to data from The Block, as of January 22, the RWA protocol's TVL has reached 7.30 billion USD, a year-on-year increase of over 200%. Among them, Usual Protocol and Hashnote USYC rank industry leaders with approximately 1.48 billion USD in TVL, respectively. Currently, government securities account for about two-thirds of the total RWA TVL, significantly up from 36% a year ago. This shift indicates increased investor confidence in compliant, government-supported digital assets, while also reflecting the market's preference for low-risk traditional financial instruments, marking a gradual maturation of the sector. As the RWA protocol focuses on government-supported asset categories, its growth trajectory shows that blockchain financial tools are gaining institutional recognition and exhibiting a strong demand for lower-risk assets in the current market environment. The above views are from Matrix on Target; contact us to obtain the complete report from Matrix on Target. Disclaimer: The above content does not constitute investment advice, sales offers, or purchase invitations for residents of the Hong Kong Special Administrative Region, the United States, Singapore, and other countries or regions where such offers or invitations may be prohibited by law. Digital asset trading may involve significant risks and volatility. Investment decisions should be made after careful consideration of personal circumstances and consultation with financial professionals. Matrixport is not responsible for any investment decisions made based on the information provided herein.

MAG7.SSI

TRUMP

MAGA

BTC is currently in a complex interplay of opposing forces. On the technical side, the daily reversal indicator reached oversold levels last week, suggesting potential support, while the weekly indicators still indicate that BTC remains in an overbought state. On the macroeconomic front, adverse factors such as tightening liquidity and the Federal Reserve's hawkish stance have created bearish conditions. At the same time, bullish drivers such as expectations for the establishment of Bitcoin reserves in the U.S. and the pro-cryptocurrency policies of the Trump administration provide support. In the past week, Trump’s potential BTC strategic reserve plan after taking office may bolster market confidence, but the source of funding remains a major obstacle. Meanwhile, the acceptance of the crypto asset market has significantly increased, with the RWA protocol's TVL breaking through $7.30 billion, and the proportion of government securities has significantly risen, indicating a continued preference for low-risk digital assets in the market. With Trump’s inauguration on January 20, his government’s potential push for a BTC strategic reserve plan has become a focal point of market discussion. The market generally believes that if the U.S. includes BTC in its national reserves and commits to holding it long-term, it would further attract institutional investors. However, the actual effect of this confidence boost may be limited. The core obstacle of the strategic reserve plan lies in the source of funds. The U.S. current fiscal situation is exceptionally tight, with annual interest payments on debt becoming a heavy burden. Over the next decade, the fiscal space in the U.S. is expected to continue to narrow, making the possibility of purchasing BTC through increased debt issuance almost zero. In the absence of advancement through traditional fiscal means, a market-oriented model may become the solution. The token fundraising model previously attempted by Trump, despite being controversial, provides a reference for a 'sandbox test' for similar reserve plans. These pathways may offer more realistic solutions for the BTC reserve plan. $TRUMP Drives Solana DEX Trading Volume to Historical Highs The market frenzy triggered by OFFICIAL TRUMP ($TRUMP) has led to a surge in the usage of Solana DEX. By January 2025, the trading volume of Solana DEX reached an unprecedented 268% compared to ETH DEX, while this ratio was only 53% in the same period last year. As the Solana DEX ecosystem expands, ETH's market share faces greater pressure. With low transaction costs and increasingly stable network performance, Solana has become an important competitor in the decentralized trading market. RWA Protocol's TVL Breaks Through $7.30 Billion, Proportion of Government Securities Significantly Rises According to data from The Block, on January 22, the TVL of the RWA protocol reached $7.30 billion, which is over a 200% increase year-on-year. Among them, Usual Protocol and Hashnote USYC lead the industry with TVLs of approximately $1.48 billion each. Currently, government securities account for about two-thirds of the total RWA TVL, significantly up from 36% a year ago. This shift indicates that investors are gaining confidence in compliant, government-supported digital assets while reflecting the market's preference for low-risk traditional financial instruments, marking a gradual maturation of the sector. As the RWA protocol focuses on government-supported asset classes, its growth trajectory demonstrates that blockchain financial tools are gaining institutional recognition, showing a strong demand for lower-risk assets in the current market environment. Some of the above viewpoints are from Matrix on Target; contact us to obtain the complete report from Matrix on Target. Disclaimer: The above content does not constitute investment advice, sales offers, or purchase invitations for residents of the Hong Kong Special Administrative Region, the United States, Singapore, or other countries or regions where such offers or invitations may be prohibited by law. Trading in digital assets can entail significant risk and volatility. Investment decisions should be made after careful consideration of individual circumstances and consultation with financial professionals. Matrixport is not responsible for any investment decisions made based on the information provided herein.

Matrixport Research: Trump’s Strategic Reserve Plan May Boost BTC Market Confidence

After Trump took office, he took action on cryptocurrencies and signed a presidential executive order aimed at promoting the development of the cryptocurrency industry. Additionally, there was good news from Congress for the crypto community: a congressman who first proposed the establishment of a Bitcoin strategic reserve in the U.S. was "promoted."
On Thursday, January 23, Eastern Time, the White House announced that President Trump signed an executive order titled "Strengthening America's Leadership in Digital Financial Technology." The order mandates the establishment of a Presidential Working Group on Digital Asset Markets within the National Economic Council, which advises the president.
The aforementioned working group will be led by David Sacks, the White House's first AI and cryptocurrency special advisor, who has been dubbed the "AI and cryptocurrency czar" by Trump. Members of the working group will also include the U.S. Secretary of the Treasury, Attorney General, Secretary of Commerce, the Chairman of the U.S. Securities and Exchange Commission (SEC), and the Chairman of the Commodity Futures Trading Commission (CFTC), as well as heads or designated personnel from relevant government departments and regulatory bodies.
The executive order also explicitly mentions that the Trump administration is considering whether to make Bitcoin a national reserve for the United States. The order states that the working group will submit a report to Trump within 180 days of the executive order's issuance, offering regulatory and legislative recommendations. The report should focus on: managing a federal regulatory framework for the issuance and operation of U.S. digital assets, including stablecoins, and considering provisions for market structure, oversight, consumer protection, and risk management.
The working group "should assess the feasibility of establishing and maintaining a national digital asset reserve, and propose criteria for such a reserve, which may comprise cryptocurrencies lawfully seized by the federal government through enforcement actions."
The executive order also explicitly prohibits Central Bank Digital Currencies (CBDCs). The order states:
"Except as required by law, all federal agencies are hereby prohibited from taking any actions to establish, issue, or promote CBDCs within or outside the United States."
The order requires that any government agency currently planning or undertaking initiatives related to the establishment of CBDCs in the U.S. should immediately terminate such plans and may not take further action to formulate or implement such initiatives.
Sacks stated that the new working group under Trump's leadership will "make the U.S. the world capital of cryptocurrency," and actions in AI will ensure that the U.S. "dominates the AI field and leads the world." Trump remarked that these actions "will earn a lot of money for the U.S."
<h2>U.S. Senate Banking Committee Establishes New Digital Asset Committee Focused on Strategic Bitcoin Reserve Legislation</h2>
Earlier on Thursday, Tim Scott, Chairman of the U.S. Senate Banking Committee, appointed Wyoming Senator Cynthia Lummis as the chair of the newly established subcommittee on digital assets. Lummis subsequently issued a statement announcing that this new committee dedicated to digital assets will focus on two areas:
<ul>
<li>
Promoting responsible innovation and protecting consumers through bipartisan digital asset legislation, including legislation on market structure, stablecoins, and strategic Bitcoin reserves;
</li>
<li>
Ensuring rigorous oversight of federal financial regulatory agencies to ensure that these agencies comply with the law, including preventing the occurrence of Operation Chokepoint 2.0.
</li>
</ul>
Operation Chokepoint 2.0 is reportedly an action taken in collaboration by U.S. federal agencies aimed at excluding cryptocurrency companies from the traditional banking system, and no formal documents confirming its existence have been released to date.
Last July, Trump promised at the Bitcoin 2024 conference to designate Bitcoin as a strategic reserve asset for the United States. Lummis, as Trump's ally in the Senate, first proposed the Strategic Bitcoin Reserve Act that month, which called for the sale of a portion of the Federal Reserve's gold reserves to purchase 1 million Bitcoins to establish the "strategic Bitcoin reserve" proposed by Trump, without increasing the government deficit. Based on then-current prices, this would cost approximately 90 billion dollars.
In Thursday's statement, Lummis again mentioned legislation related to the Bitcoin strategic reserve. She stated:
"Digital assets represent the future, and if the U.S. wishes to maintain its leadership in global financial innovation, Congress must urgently pass bipartisan legislation to establish a comprehensive legal framework for digital assets and strengthen the dollar through a strategic Bitcoin reserve. ... I look forward to submitting bipartisan legislation to President Trump this year to ensure our financial future."
The news of Lummis's appointment quickly ignited the cryptocurrency market. On Thursday, the trading price of Bitcoin (BTC) against the U.S. dollar surged.
According to CoinMarketCap data, the spot trading price of Bitcoin against the U.S. dollar initially fell below 101.30 thousand dollars, refreshing the daily low during European stock trading, but accelerated rebounding after the U.S. stock market opened, rising above 106.80 thousand dollars, refreshing the daily high towards the end of the morning session, an increase of over 5,000 dollars and over 5% from the daily low, approaching the intraday record high of over 109 thousand dollars set on Monday. However, the U.S. stock market reversed and fell back, dropping below 103 thousand dollars after market close, with a decline of over 1% in the last 24 hours.

<div>
<div>
 Senator Lummis, who proposed the establishment of a U.S. national Bitcoin strategic reserve in July last year, has been appointed as the chair of the newly established Digital Assets Committee of the Senate Banking Committee, focusing on legislation related to strategic Bitcoin reserves and other digital assets.
 </div>
Written by: Li Dan, Wall Street Insight
After Trump took office, he took action on cryptocurrencies, signing an executive order aimed at promoting the development of the cryptocurrency industry. Additionally, there was good news from the U.S. Congress for the crypto world: a senator who first proposed the establishment of a Bitcoin strategic reserve for the U.S. has received a promotion.
On Thursday, January 23, Eastern Time, the White House announced that U.S. President Trump signed an executive order titled "Strengthening American Leadership in Digital Financial Technology." The order mandates the creation of a Presidential "Working Group on Digital Asset Markets" within the National Economic Council, which advises the President.
The working group will be led by David Sacks, Trump's appointed "AI and cryptocurrency Czar" and the White House's first special advisor on AI and cryptocurrency. Members of the working group will also include the U.S. Secretary of the Treasury, the Attorney General, the Secretary of Commerce, the Chair of the Securities and Exchange Commission (SEC), the Chair of the Commodity Futures Trading Commission (CFTC), and other heads or designated personnel from government departments and regulatory agencies.
The executive order also explicitly mentions that the Trump administration is considering whether to adopt Bitcoin as the national reserve of the United States. It states that the working group will submit a report to Trump within 180 days of the order's issuance, making regulatory and legislative recommendations. The report should focus on establishing a federal regulatory framework for the issuance and operation of U.S. digital assets, including stablecoins, and consider regulations concerning market structure, oversight, consumer protection, and risk management, as well as
the working group "should assess the feasibility of establishing and maintaining a national digital asset reserve and propose standards for establishing such reserves, which may come from cryptocurrencies legally seized by the federal government through law enforcement."
The executive order also explicitly prohibits Central Bank Digital Currencies (CBDCs). It states:
"Except as required by law, all (federal government) agencies are hereby prohibited from taking any action to establish, issue, or promote CBDCs within or outside the United States."
The executive order requires that any government agency currently involved in plans or initiatives related to establishing a CBDC within the United States must immediately terminate such plans and may not take further action to develop or implement such initiatives.
Sacks stated that the new working group will, under Trump's leadership, "make the U.S. the world capital of cryptocurrency," and actions in AI will ensure that the U.S. "dominates and leads the world in the AI field." Trump remarked that these actions "will earn a lot of money for America."
<h2>U.S. Senate Banking Committee Establishes New Digital Assets Committee Focused on Strategic Bitcoin Reserve and Other Legislation</h2>
Earlier on Thursday, Tim Scott, Chair of the U.S. Senate Banking Committee, appointed Wyoming Senator Cynthia Lummis as the chair of the newly established Digital Assets Committee under the committee. Lummis subsequently issued a statement announcing that this new committee dedicated to digital assets will focus on two areas:
<ul>
<li>
Promoting responsible innovation and protecting consumers through bipartisan digital asset legislation, including legislation on market structure, stablecoins, and strategic Bitcoin reserves;
</li>
<li>
Exercising strict oversight over federal financial regulatory agencies to ensure compliance with the law, including preventing the reoccurrence of Operation Chokepoint 2.0.
</li>
</ul>
Operation Chokepoint 2.0 is reportedly an action coordinated by U.S. federal government agencies aimed at excluding cryptocurrency companies from the traditional banking system, and no formal documents have confirmed its existence to date.
In July last year, Trump promised to classify Bitcoin as a strategic reserve asset for the United States while attending the Bitcoin 2024 conference. Lummis, as Trump's ally in the Senate, first proposed the Strategic Bitcoin Reserve Act that month, which calls for selling part of the Federal Reserve's gold reserves to purchase 1 million Bitcoins, establishing the "strategic Bitcoin reserve" proposed by Trump. Based on the prices at that time, this would cost approximately $90 billion.
In Thursday's statement, Lummis reiterated the relevant legislation regarding the Bitcoin strategic reserve. She stated:
"Digital assets represent the future. If the U.S. wishes to maintain its leading position in global financial innovation, Congress urgently needs to pass bipartisan legislation to establish a comprehensive legal framework for digital assets and strengthen the dollar through a strategic Bitcoin reserve. ... I look forward to presenting bipartisan legislation to President Trump this year to secure our financial future."
The news of Lummis' appointment quickly ignited the cryptocurrency market. On Thursday, Bitcoin (BTC) against the U.S. dollar saw a surge in trading price.
According to CoinMarketCap data, the spot trading price of Bitcoin against the U.S. dollar initially fell below $101.30 thousand during the European trading session, hitting a daily low, but accelerated its rebound after the U.S. stock market opened, rising above $101.
680 thousand US dollars refreshed the daily high, rising over 5,000 dollars from the daily low, an increase of over 5%, and is starting to approach the intraday record high of 109 thousand dollars set on Monday. However, U.S. stocks fell back into a downward trend towards the end of the trading day, dropping below 103 thousand dollars after the market closed, a decline of over 1% in the last 24 hours.<img src='https://sosovalue.s3.us-west-2.amazonaws.com/sosovalue/web3image/25/01/24/0slft0frsocd.png'/><a href="https://foresightnews.pro/news/detail/64064" target="_blank">Breaking News</a><a href="https://foresightnews.pro/news/detail/64064" target="_blank">Trump signs cryptocurrency executive order, establishes a digital asset working group and explores the creation of a national digital asset reserve</a><a href="https://foresightnews.pro/news/detail/64064" target="_blank">&gt;</a>Related Wiki

Trump's Major Move: Establishing a Presidential Digital Asset Working Group to Assess the Possibility of Bitcoin as a National Reserve

Former U.S. President Donald Trump issued an executive order to establish a Presidential Digital Asset Market Working Group aimed at developing a federal regulatory framework for digital assets. However, despite Trump's campaign promise to create a "national strategy Bitcoin reserve," the order does not mention any specific plans for a Bitcoin reserve, raising questions about the sincerity of his commitment. The working group will be led by the White House's AI and cryptocurrency director, David Sachs, and will include leaders from key agencies such as the Secretary of the Treasury and the SEC Chairman. The order also rescinds the Biden administration's executive order on digital assets and prohibits federal actions to promote the establishment of a Central Bank Digital Currency (CBDC). While this move marks a significant advancement for Trump in digital finance objectives, the authority to implement certain laws and policies through executive orders remains contentious.

US President Donald Trump has issued an executive order establishing the Presidential working group on digital asset markets.The move signals progress on some key commitments, such as halting federal efforts toward CBDCs and granting high-profile pardons. However, certain elements, like the promised creation of a “strategic national Bitcoin stockpile,” remain notably absent or vague, leaving questions about the full scope and direction.<h2>Trump Advances Digital Finance Agenda</h2>According to Fox reporter Eleanor Terrett’s latest update, the working group, if established, is tasked with developing a Federal regulatory framework for digital assets, including stablecoins, and assessing the creation of a strategic national digital assets stockpile.This stockpile in question, however, does not mention Bitcoin despite Trump’s campaign promise at a Nashville BTC conference in July to create a “strategic national Bitcoin stockpile” using the over $20 billion worth of BTC seized by the Justice Department. Several Bitcoin maximalists pointed this out, with some suggesting that the stockpile should only consist of BTC.Meanwhile, the working group, chaired by White House AI & Crypto Czar David Sacks, will include top officials such as the Treasury Secretary, SEC Chairman, and leaders from other key agencies. The AI & Crypto Czar will consult leading industry experts to ensure informed decision-making.<h2>Crypto Campaign Promises</h2>The executive order also directs federal departments and agencies to identify and recommend modifications or rescissions of existing regulations affecting the digital assets sector. It also revokes the Biden administration’s Digital Assets Executive Order and the Treasury’s international engagement framework, citing their negative impact on innovation and US economic leadership.Interestingly, the order prohibits any federal action to establish or promote central bank digital currencies (CBDCs). As part of his campaign promises to the crypto industry, Trump had previously pledged to order federal agencies to cease any efforts toward developing CBDC. He also fulfilled his promise to grant a full and unconditional pardon to Ross Ulbricht, who operated the dark web marketplace Silk Road.While Trump’s executive order represents significant steps toward his digital finance goals, the authority of U.S. presidents to enact certain laws and policies through executive orders remains contentious.For example, Trump previously issued an order to revoke birthright citizenship under the 14th Amendment, which Judge Coughenour, a Reagan appointee, declared “blatantly unconstitutional.” The judge criticized the Justice Department’s defense and expressed disbelief that legal professionals could support such a directive.

Trump's Digital Finance Agenda Advances, Bitcoin Reserve Commitment Questioned

U.S. President Donald Trump signed an executive order to establish the Presidential Digital Asset Market Working Group to study the creation of a "National Strategic Digital Asset Reserve." Although the order does not specifically mention which cryptocurrencies will be included in the reserve, renowned analyst Scott Melker revealed that XRP may be evaluated alongside Bitcoin (BTC) for inclusion in the strategic reserve. Ripple CEO Brad Garlinghouse also supports the establishment of a U.S. reserve that includes a variety of cryptocurrencies for diversification.

Donald Trump signed the long-awaited order yesterday evening to establish a Presidential Task Force on Digital Asset Markets. The group, which will be led by David Sacks (the White House&#039;s crypto czar), includes key financial leaders and will advise Trump on crypto policy. The executive order signed by Trump specifically includes research into a "strategic national digital asset reserve." The order Trump signed did not specify specific cryptocurrencies, raising speculation about which altcoins besides the already mentioned Bitcoin could be included in the reserve. While altcoins such as XRP were also mentioned alongside Bitcoin, Scott Melker, host of the “The Wolf Of All Streets” podcast, said that Bitcoin and XRP were also included in the strategic reserve assessment. Scott Melker stated that he received information from reliable channels that XRP was also included alongside BTC, and said that this situation was not a joke but a reality. https:\/\/twitter.com\/scottmelker\/status\/1882534817855905916 While speculations are growing that XRP will also be included in the strategic reserve, Ripple CEO Brad Garlinghouse is also advocating for a US crypto reserve that includes not only Bitcoin but also other altcoins. The famous CEO argues that this would make sense in terms of diversification. *This is not investment advice.

Trump Signs Executive Order, XRP May Be Included in U.S. National Strategic Digital Asset Reserves

<ul>
<li>Trump signs executive order requiring an assessment of strategic national digital asset reserves;</li>
<li>Trump: Will demand the Federal Reserve to cut interest rates immediately;</li>
<li>The SEC officially withdraws the SAB-121 rule that prevented banks from custodying cryptocurrencies;</li>
<li>Cynthia Lummis appointed chair of the U.S. Senate Digital Assets Subcommittee;</li>
<li>Blockstream establishes a new asset management division and will launch two Bitcoin investment funds in Q1;</li>
<li>Democratic Senator Elizabeth Warren calls for regulators to investigate Trump and the TRUMP coin;</li>
<li>Shared sorter solution Radius completes $7 million seed funding round, led by Pantera Capital;</li>
<li>pump.fun founder: has taken over the alon token TG group and paid aggregator platform fees, everything will be tokenized;</li>
<li>Vitalik Buterin: Risks of "unrestricted political bribery" that could arise from political tokens;</li>
<li>JPMorgan CEO: Does provide banking services for some crypto companies, but may face issues or millions of dollars in fines if problems arise.</li>
</ul>

1. Trump signs an executive order demanding an assessment of strategic national digital asset reserves;
2. Trump: Will demand the Federal Reserve to immediately cut interest rates;
3. The SEC officially withdraws the SAB-121 rule that prevented banks from custodying cryptocurrencies;
4. Cynthia Lummis appointed chair of the U.S. Senate Digital Assets Subcommittee;
5. Blockstream establishes a new asset management division and plans to launch two Bitcoin investment funds in Q1;
6. Democratic Senator Elizabeth Warren calls for regulators to investigate Trump and the TRUMP coin;
7. Shared sorter solution Radius completes $7 million seed round financing, led by Pantera Capital;
8. pump.fun founder: has taken over the alon token TG group and paid the aggregation platform fees, everything will be tokenized;
9. Vitalik Buterin: Risks of "unlimited political bribery" that could arise from political tokens;
10. JPMorgan CEO: Does provide banking services for some crypto companies, but issues may arise or face millions of dollars in fines.

Planet Early News

U.S. President Trump signed an executive order on cryptocurrency, establishing a stance in support of the development of digital assets and blockchain technology, setting up the "Presidential Working Group on Digital Asset Markets" to explore the establishment of a national digital asset reserve, and explicitly prohibiting CBDCs. Binance Labs has been renamed to YZi Labs, transforming into a family office managing approximately 10 billion USD. The SEC has rescinded SAB 121, promoting digital asset legislation. Truth Terminal has established a foundation and completed over-the-counter trading of FARTCOIN. Bitcoin's trend is similar to the 2015-2018 cycle, with Glassnode data showing an increase of approximately 630%. The founder of Pump.fun clarified that it is unrelated to the alon token. Trump proposed several policies at the Davos Forum, including lowering interest rates and strengthening the status of the U.S. dollar.

FARTCOIN

<div>
<div>
 The current price trend of Bitcoin is highly similar to the mid-cycle peaks observed during the 2015-2018 market cycle.
 </div>
Author: Deep Tide TechFlow
<h2>Yesterday's Market Dynamics</h2>
U.S. SEC officially withdraws the previous SAB 121 that hindered banks from custodian cryptocurrency
The U.S. Securities and Exchange Commission (SEC) has issued SAB 122, officially revoking the earlier SAB 121 that impeded banks from custodian cryptocurrency.
The chairman of the Senate Banking Committee's Digital Assets Subcommittee and proponent of the "Bitcoin Strategic Reserve Act," Cynthia Lummis, welcomed this move, stating that SAB 121 had a disastrous impact on the banking sector and stifled innovation.
SAB 121 was guidance issued by the SEC in 2022, requiring SEC-regulated entities to record cryptocurrency on their balance sheets and disclose associated risks.
Cynthia Lummis: Looking forward to advancing digital asset legislation and strengthening the dollar's status through strategic Bitcoin reserves
Senator Cynthia Lummis announced her role as the chair of the U.S. Senate Banking Committee's Digital Assets Subcommittee.
She stated, "Digital assets are the future, and if the United States wants to maintain its global leadership in financial innovation, Congress needs to urgently pass bipartisan legislation to establish a comprehensive legal framework for digital assets and enhance the dollar through strategic Bitcoin reserves. I am honored that many colleagues will trust me in my role as chair of the Senate Banking Committee's Digital Assets Subcommittee, and I look forward to advancing bipartisan legislation to the desk of President Trump this year to ensure our financial future."
Truth Terminal announces the establishment of a foundation, recently completing an OTC transaction of FARTCOIN
Truth Terminal founder Andy Ayrey announced the establishment of the Truth Terminal Foundation, responsible for managing the project's intellectual property and wallet assets. The foundation completed an OTC transaction of FARTCOIN tokens on January 21, with the counterparty committing to responsibly hold these tokens without exerting selling pressure on the market. A portion of the proceeds from the transaction will be used to increase holdings of GOAT tokens in appreciation for the community's push for decentralized AI development. The foundation currently holds about 0.5% of the GOAT supply and plans to hold it long-term.
Ayrey stated that the foundation was established to ensure the independence of Truth Terminal, and this structure is seen as a temporary solution with the ultimate goal of becoming a fully autonomous entity. The foundation currently has sufficient funds to support team hiring, grant distribution, and the purchase of equipment such as GPUs, and will focus on building a sustainable council structure to support project self-improvement in the future.
Pump.fun founder: Not the creator of the alon token, only took over the TG group and paid Dexscreener fees six months ago
Pump.fun founder alon clarified the community's doubts regarding his relationship with the similarly named alon token.
alon stated that, in the context of decentralized asset creation, individual tokens will become commonplace. He is not the creator of the alon token and does not recommend investors buy it; he only took over the Telegram group of the token six months ago and paid relevant fees for Dexscreener.
He added that it was surprising that the token had not garnered much attention in recent months.
Trump signs cryptocurrency executive order, establishes a digital asset working group and explores the creation of a national digital asset reserve
According to Fortune, U.S. President Trump signed an executive order on cryptocurrency, establishing a position to support the development of digital assets and blockchain technology. This includes several important initiatives:
Establishment of the "Presidential Digital Asset Market Working Group":
Chaired by David Sacks, special advisor on AI and cryptocurrency, with members including senior officials such as the chairs of the SEC and CFTC, primarily responsible for evaluating existing cryptocurrency regulations and formulating a regulatory framework to support industry development;
Exploration of establishing a national digital asset reserve:
Research and formulate standards for reserve establishment, considering the use of cryptocurrency legally seized during government law enforcement;
Trump had previously publicly supported the establishment of a federal Bitcoin reserve to combat inflation;
Explicit prohibition of CBDC:
Prohibiting any government agency from issuing central bank digital currency, believing that CBDC could lead to "absolute control" of individual funds by the government;
Support for stablecoins as a solution for cross-border payments;
Repealing Biden-era policies:
Repealing the cryptocurrency regulatory order signed by Biden in 2022.
CZ Transforms Binance Labs into Family Office YZi Labs, Managing Approximately $10 Billion
According to Bloomberg, Zhao Changpeng (CZ), the former CEO of Binance with a net worth of about $70 billion, announced the renaming of Binance Labs to YZi Labs and its transformation into a family office.
Currently, YZi Labs manages approximately $10 billion in crypto-related assets. Former Binance Labs founding head Ella Zhang will return to manage the institution. Additionally, YZi Labs will also manage the assets of Binance co-founder Yi He.
Glassnode: Bitcoin's Trend Similar to 2015-2018 Cycle Midpoint, Suggesting Continued Growth Trend
According to The Block, Glassnode data shows that Bitcoin's current price trend is highly similar to the midpoint of the 2015-2018 market cycle. The data indicates that Bitcoin has increased by about 630% from the cycle low of $15,000 in 2022, which is close to the 562% increase during the same period in the 2015-2018 cycle.
Bitget analysts speculate that if the 2015-2018 cycle increase is repeated, Bitcoin could theoretically reach $1.70 million. However, Bitget Wallet COO Alvin Kan emphasized that the current market environment has fundamentally changed, with factors such as increased institutional adoption, clearer regulations, and advancements in blockchain technology all impacting Bitcoin's trajectory. RedStone Oracles COO Marcin Mazmierczak also pointed out that today's market environment is vastly different from the past, with ETFs, a mature DeFi ecosystem, and improved market infrastructure being key distinctions.
Crypto Tsar David Sacks: TRUMP Coin is a Collectible, No Concerns Over Potential Conflicts of Interest
Newly appointed cryptocurrency special advisor David Sacks elaborated in an interview with Fox Business on the three main focuses of the digital asset working group: establishing market structure and clarifying digital asset classifications, expanding the dollar's dominance through stablecoins, and assessing national digital asset reserve programs.
Regarding concerns about potential conflicts of interest raised by TRUMP Coin, Sacks stated that the token is akin to collectibles such as baseball cards, thus there are no worries. He emphasized opposition to CBDCs, support for the development of stablecoins, and pointed out that expanding the digital dominance of the dollar could create trillions of dollars in demand for U.S. Treasury bonds, helping to support the debt and lower long-term interest rates. Regarding the digital asset reserve program, Sacks mentioned that it is still in the evaluation stage and no final decision has been made yet.
Trump: I Will Demand Immediate Interest Rate Cuts
During his online appearance at the Davos Forum, U.S. President Trump stated that he would promote several domestic and foreign policies, including demanding that Saudi Arabia increase its investments in the U.S. to $1 trillion and urging Saudi Arabia and OPEC to lower oil prices. Additionally, he pledged to ensure the security of U.S. energy supplies, guarantee the supply of liquefied natural gas to Europe, and expressed concerns about recent lawsuits against American companies like Apple and Google, describing these lawsuits as a form of hidden taxation.
On international affairs, Trump emphasized that the EU's tariffs and trade policies are unfavorable to the U.S., calling for the EU to resolve the trade deficit issue promptly, and urged NATO member countries to increase defense spending to 5% of GDP. At the same time, he announced plans to promote a peace agreement between Russia and Ukraine and to enhance stability and security in the Middle East.
Trump also proposed a series of domestic policies, including demanding immediate interest rate cuts, defining U.S. policy to recognize only two genders, and pledging that the government would no longer label citizens' speech as false or misleading information. He stated that U.S. border actions have already begun, with U.S. military deployments to assist in "repelling invasions," firmly stating that he would not allow U.S. territory to be violated.
Binance Alpha Adds VINE, BUZZ, and BID
The app page shows that Binance Alpha has added VINE, BUZZ, and BID.
<h2>Market Dynamics</h2>
<img src='https://sosovalue.s3.us-west-2.amazonaws.com/sosovalue/web3image/25/01/24/ok14t0frsogn.png'/>
<h2>Recommended Reading</h2>
<a href="https://www.techflowpost.com/article/detail_23227.html" target="_blank">Core Members Depart to Establish "Copycat EF", How Long Can the Ethereum Foundation (EF) Hold On?</a>
The Ethereum Foundation (EF) has sparked widespread controversy due to issues such as internal opacity, disconnection from the community, and resistance to change.Core developer Eric Conner announced his resignation, criticizing management issues within the Foundation and pointing out budget waste and inefficiency. The community's dissatisfaction with the Ethereum Foundation (EF) continues to brew, with rumors even surfacing about the establishment of a "Second Foundation." Vitalik responded that leadership reforms will be undertaken, but the community's trust in these measures is low, with some suggesting improvements to promote the sustainable development of the EF. Despite the ongoing controversies, there is a general consensus in the community that Ethereum needs more decentralized organizations to drive ecological development.
<a href="https://www.techflowpost.com/article/detail_23224.html" target="_blank">Cryptocurrency Zeroing Guide: 10 Thousand Ways to Die</a>
This article mainly discusses the risks and potential pitfalls in cryptocurrency investment, listing many failure cases that investors may encounter and providing some advice to avoid these issues. Additionally, the article highlights recent hot events and trends in the crypto market.
<a href="https://www.techflowpost.com/article/detail_23221.html" target="_blank">4 Charts to Help You Understand Griffain, Making On-chain Operations as Simple as Chatting</a>
Griffain is a network composed of AI agents that can help users complete all on-chain tasks, including trading, staking, and managing digital assets.
Griffain provides an interface similar to ChatGPT, allowing users to interact with their personal AI through simple English commands, thus simplifying on-chain operations.
<a href="https://www.techflowpost.com/article/detail_23218.html" target="_blank">Don't Let Emotions Ruin Your Trading: A Psychological Building Guide from an Experienced Trader</a>
This article explores common psychological biases and emotional traps in cryptocurrency trading and offers suggestions for coping with these issues. It emphasizes that successful trading relies not only on IQ or technical analysis but also on patience, discipline, self-awareness, and a healthy mental state. By understanding psychological biases and their impact on trading decisions, traders can manage risks more rationally and enhance trading performance.
<a href="https://www.techflowpost.com/article/detail_23211.html" target="_blank">Today's AI Agent Market Summary: DeFAI Sector Moby and Orbit Continue to Attract Attention, Integration Among AIs is Accelerating</a>
This article analyzes the current cryptocurrency market and the development status of AI agents, covering market dynamics, project performance, and emerging trends. It particularly highlights some noteworthy projects such as Fartcoin, Moby, Orbit, etc., and discusses the impact of capital rotation and technological integration on the market.

Crypto Daily Report: Trump Signs Executive Order on Cryptocurrency, Binance Labs Transforms into Family Office YZi Labs

1. CEX Popular Cryptocurrencies CEX Trading Volume Top 10 and 24-hour Price Fluctuation: BTC: +0.16% ETH: +2.55% SOL: -1.92% TRUMP: -2.82% XRP: -1.18% DOGE: -2.04% PEPE: -0.33% TRX: -0.59% SUI: -3.17% ANIME: +47.50% 24H Price Increase List (Data Source: OKX): ANIME: +47.10% ICE: +10.97% ELON: +10.96% SWFTC: +10.51% OMI: +9.16% ETC: +7.20% BIO: +6.40% GEAR: +6.03% ZBCN: +5.95% GOAT: +5.66% 2. On-chain Popular Meme Top 5 (Data Source: GMGN): OilNDASYODOPERATOR nuit 3. 24H Trending Cryptocurrencies VINE: Launched by Rus Yusupov, co-founder of the previously Twitter-owned short video platform Vine, the market capitalization quickly surpassed $200 million in less than a day. For more information, see the article "Founder Issues Token, Surpassing $200 Million, Vine Returns Under Musk". alon: The Meme coin named after alon, co-founder of pump.fun, announced today that he has taken over the project as CTO and has taken over its TG group, paying the corresponding fees to the Dexscreener aggregation platform. Headline: Trump Signs Executive Order to Evaluate Strategic National Digital Asset Reserves According to Fox Business News: U.S. President Trump signed an executive order to establish a Presidential Digital Asset Market Working Group to strengthen U.S. leadership in the digital finance sector. The task of this working group is to develop a federal regulatory framework for managing digital assets (including stablecoins) and to assess the creation of strategic national digital asset reserves. Trump: Will Demand Immediate Interest Rate Cuts from the Federal Reserve Trump stated at the World Economic Forum in Davos, Switzerland on Thursday, "As oil prices fall, I will demand immediate interest rate cuts; similarly, the whole world should cut rates." Five days later, the Federal Reserve will hold its first policy meeting since Trump took office on January 28-29, where the Fed is widely expected to keep interest rates unchanged. Trump has expressed widespread criticism of the Federal Reserve's interest rate hikes during his first two years in office and has attacked Jerome Powell, whom he appointed as Fed Chairman, for leading this series of actions. He stated, "I expect the Federal Reserve will listen to my views on interest rates, and I will consider communicating with Fed Chairman Powell on interest rate issues." Trump: The U.S. Will Become the Global Capital of Artificial Intelligence and Cryptocurrency According to market news, U.S. President Trump mentioned cryptocurrency in a recent speech, stating that America is committed to becoming the world capital of artificial intelligence and cryptocurrency. Cynthia Lummis: Strategic Bitcoin Reserves Will Strengthen the Dollar's Position, Looking Forward to Legislative Push U.S. Senator Cynthia Lummis stated, "Digital assets are the future. If the U.S. wants to maintain global leadership in financial innovation, Congress needs to urgently pass bipartisan legislation to establish a comprehensive legal framework for digital assets and strengthen the dollar through strategic Bitcoin reserves. I am very honored that many colleagues will trust me as the Chair of the U.S. Senate Banking Committee's Digital Asset Subcommittee, and I look forward to pushing bipartisan legislation this year to ensure our financial future." Previously, it was announced that Cynthia Lummis has been appointed as the Chair of the U.S. Senate Digital Asset Subcommittee. CZ: U.S. Bitcoin Strategic Reserve Plan Basically Confirmed CZ posted on X platform that the U.S. Bitcoin strategic reserve plan has been basically confirmed, and the cryptocurrency industry will once again develop at a rapid pace. Previously, U.S. Senator Cynthia Lummis announced on X platform that she has been appointed as the Chair of the Senate Committee on Digital Assets. As early as July 31, 2024, Cynthia Lummis proposed the "Bitcoin Strategic Reserve Act of 2024," which proposed purchasing 200,000 Bitcoins annually, reaching 1 million within five years. Industry News Arkham: Trump Family's Crypto Project WLFI Holding Market Value Exceeds $350 Million Arkham stated that the market value of the Trump family's crypto project WLFI has exceeded $350 million. Yesterday, WLFI purchased $10 million worth of WBTC, and the current value of the WBTC held exceeds $50 million. Grayscale: Grayscale XRP Trust Open to Qualified Investors Grayscale officially announced that the Grayscale XRP Trust is now open to qualified investors, seeking to reach qualified investors with exposure to XRP. Bloomberg: CZ's Net Worth Reaches $70 Billion, Binance Labs Transforms into YZi Labs Major Family Office CZ has just been out of prison for a few months, and due to the continued rise of cryptocurrency, his wealth has reached $70 billion. In addition, CZ is transforming the venture capital firm Binance Labs into a large family office, and Binance Labs has announced its name change to YZi Labs. Ella Zhang has returned to YZi Labs and serves as the head. Ella Zhang co-founded Binance Labs with CZ in 2018 and served as its first head. In an interview, Ella Zhang stated that YZi Labs is a variant of the names of Binance's co-founders and has now become "a pure family office investment tool." A spokesperson for YZi Labs stated that the company does not have a formal headquarters, as its employees work remotely.Phemex: Temporarily Suspends Withdrawal Functionality, Compensation Plan Under Development
Phemex announced in a post that to ensure safety, it is conducting an emergency inspection and strengthening wallet services, thus the withdrawal function is temporarily suspended. A compensation plan is currently being developed and will be announced soon. Thank you for your understanding and continued support. Business operations are proceeding smoothly. Trading services continue as normal.

According to previous reports, the crypto derivatives trading platform Phemex has seen a suspicious large outflow of funds from its hot wallet as monitored by Shield.

OKX Becomes the First Global Exchange to Obtain MiCA Preliminary Authorization
According to official news, OKX announced it has become the world’s first virtual asset exchange to obtain MiCA preliminary authorization. OKX will provide localized crypto services for over 400 million European users through its European Economic Area (EEA) operational center located in Malta.

US Public Company Fathom Holdings Announces Plan to Adopt Bitcoin Reserve Strategy
US public company Fathom Holdings announced plans to adopt a Bitcoin reserve strategy, stating it will purchase up to 500 thousand USD worth of Bitcoin or Bitcoin ETFs within the next two weeks.

Project News
DWF Labs Partner: Synthetic Dollar Protocol Falcon Finance to Launch Next Week
DWF Labs partner Andrei Grachev stated on social media that the synthetic dollar protocol Falcon Finance will launch next week. Falcon Finance is backed by multiple assets and employs hedging and farming systems, aiming to enhance returns and stability, with USDf set to launch soon.

DEXX: Users Will Receive Payments in Sequence Starting February 8
DEXX announced in a post that it has secured investments and partnerships worth 15 million USD from 7 leading exchanges, VCs, and industry star project funds. Starting February 8, users will receive payments in sequence. Current functionality supports trading but is still in the final review phase of security upgrades, penetration testing, and security team audits from partner institutions. The official recommendation is to conduct trading after the compensation execution and platform restart. The compensation plan is as follows:
• Users with losses of 50 thousand USD or less will receive a one-time compensation;
• Users with losses exceeding 50 thousand USD will be contacted by customer service for detail confirmation.

SoSoValue Airdrop Query Now Live
SoSoValue announced that the SOSO airdrop query is now live, and airdrop claims will open tomorrow (January 24) at 19:00.

Circle Launches Circle Paymaster, Supporting USDC for Gas Fees on Base and Arbitrum
Stablecoin issuer Circle announced the launch of Circle Paymaster, supporting the payment of gas fees with USDC on Base and Arbitrum. Users no longer need to convert tokens between blockchains; they can simply use USDC for payments, transfers, and gas fees.

Kraken-Incubated Layer-2 Network Ink Collaborates with Optimism to Introduce Permissionless Fraud Proof
Kraken-incubated Ethereum Layer-2 scaling solution Ink will enable permissionless fraud proof mechanisms this Thursday, marking a significant technical advancement in its rapid development. Ink becomes the first superchain network to launch multiple "challenger" mechanisms after testing on the Optimism mainnet, initially operated by the automated smart contract protocol Gelato and Kraken. Fraud proof is an important feature of Optimistic Rollups, allowing users to challenge transaction validity and correct erroneous states. The initial challenger fund for Ink is provided by Kraken with 49 ETH (approximately 156 thousand USD), and users can also participate in challenges by staking ETH, promoting on-chain decentralization.

Investment and Financing
Ranger Labs Completes 1.90 Million USD Financing, Participated by Big Brain Holdings and Others
Ranger Labs announced it has completed 1.90 million USD financing at a valuation of 30 million USD, with participation from Asymmetric, Big Brain Holdings, RISE Capital, Anagram, and RockawayX. Ranger Labs has developed the Ranger Protocol, a crypto derivatives trading protocol based on Solana, which is currently planning to increase its product line to allow clients to use AI-assisted trading strategies.

Soneium Ecosystem DEX SONEX Completes 1 Million USD Financing, Participated by Outliers Fund and Others
Soneium ecosystem's AI-driven DEX SONEX has completed 1 million USD financing, with participation from Baboon Ventures, Taisu Ventures, Nonagon Capital, Flow Traders, Gate Ventures, Outliers Fund, and Lootex. This funding will be specifically used to enhance technological pillars to facilitate the implementation of more advanced features such as peer-to-peer trading pools and derivatives trading. Additionally, the company will improve operational capabilities to meet the growing demands of users and strengthen security protocols to protect user assets and data. Moreover, these funds will also be utilized for marketing activities.

BTCFi Project Corn Completes 8.30 Million USD Financing Through Legion, Oversubscribed by Seven Times
The Ethereum L2 network focused on Bitcoin DeFi, Corn, has completed 8.30 million USD community round financing through Legion, attracting 4,287 applicants with an allocation request of 69 million USD, oversubscribing by seven times within hours. Legion complies with MiCA requirements, enabling Corn to meet regulatory conditions while allowing the BTCFi network to reaffirm the spirit of community financing, ensuring all investors have a fair competitive environment.Corn's financing round offered the same terms to large investors, including Polychain, Tribe Capital, Amber, Laser Digital, GSR, Presto Labs, Hypersphere Ventures, Babylon Labs, and Tandem by Offchain Labs, as well as to everyday users verified through Legion. The chip dealer startup Together AI has raised over 3 billion USD in its latest financing round, and General Catalyst is considering leading this investment in the semiconductor trading startup Together AI, which has surpassed 3 billion USD in funding discussions.

**Voices of Figures**  
**Vitalik Buterin:** The Risk of "Unrestricted Political Bribery" Posed by Political Tokens  
Ethereum co-founder Vitalik Buterin recently pointed out the serious risks posed by political tokens, particularly the risk of "unrestricted political bribery." He emphasized that over the past year, we have entered a new order where the most powerful individuals in the world encourage everyone to create various types of tokens, and the scale of these tokens is no longer limited. He noted that this issue is not just about the contrast between short-term gratification and long-term value building, but also highlights the difference between modern addictive mobile games and chess or World of Warcraft. Vitalik believes that large-scale political tokens have transcended the realm of entertainment and become potential tools for unlimited political bribery, which may even include bribery from foreign entities.

**Standard Chartered Analyst:** Advises Investors to Focus on Tokens Benefiting from New ETF Approvals  
Some individuals in the cryptocurrency space believe that the minimal work done by the U.S. government on cryptocurrency has been beneficial. The U.S. Securities and Exchange Commission has announced the establishment of a new cryptocurrency working group, which insiders view as a gateway to updated regulations and more cryptocurrency fund approvals. Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered Bank, advised investors to pay attention to tokens that benefit from new ETF approvals, such as Litecoin, or those that have risen due to specific regulatory changes, such as Uniswap.

24H Hot Cryptocurrencies and News | Trump Signs Executive Order to Evaluate Strategic National Digital Asset Reserves; Trump Calls for Immediate Rate Cuts from the Federal Reserve (January 24)

Senator Lummis, who proposed the establishment of a national Bitcoin strategic reserve in July last year, has been appointed as the chair of the newly established Digital Assets Committee of the Senate Banking Committee, which will focus on legislation related to strategic Bitcoin reserves and other relevant digital assets.

Trump's Major Move: Establishing a Presidential Digital Asset Working Group to Evaluate the Possibility of Bitcoin as a National Reserve

In the executive order released by Trump regarding the study of cryptocurrency reserves, "Bitcoin" was not mentioned, which has raised concerns among some Bitcoin supporters that the order may pertain to other cryptocurrencies.

<img src='https://sosovalue.s3.us-west-2.amazonaws.com/sosovalue/web3image/25/01/24/lclgt0frso0w.png'/>“Bitcoin” wasn’t mentioned once in Trump’s executive order to study a crypto stockpile, so some maximalists fear it could include other cryptocurrencies.

Bitcoin supporters are confused by Trump's vague "digital asset reserve" directive.

U.S. President Donald Trump signed an executive order aimed at establishing a national digital asset reserve. The order creates a cryptocurrency task force chaired by AI and crypto czar David Sacks, responsible for assessing and creating this strategic reserve and developing a federal regulatory framework for digital assets. The order prohibits institutions from promoting the establishment and issuance of Central Bank Digital Currencies (CBDCs) and rescinds the previous administration's executive order on digital assets. This move has sparked discussions about a strategic Bitcoin reserve, but experts believe that this does not imply the realization of a Bitcoin reserve.

HIGHLIGHTS Donald Trump has signed an executive order towards the creation of a national digital asset stockpile.  The executive order establishes a crypto working group which will be responsible for working towards the creation of this stockpile.  The AI and crypto Czar David Sacks will chair the working group.  US President Donald Trump has signed an executive order with a focus on developing a national digital asset stockpile. The executive order also created a crypto working group that will be responsible for developing this stockpile.
Donald Trump Signs Executive Order To Develop Digital Asset Stockpile
A White House press release revealed that US President Donald Trump has signed an executive order to develop a national digital asset stockpile.

The executive order establishes the Presidential Working Group on Digital Asset Markets to strengthen US leadership in digital finance. This group will be responsible for evaluating the creation of this strategic national digital assets stockpile. They will also be responsible for developing a Federal regulatory framework that will govern digital assets, including stablecoin.

This development comes just a few hours after the US president reaffirmed his commitment to make the country the world capital of crypto and AI.

According to Terrett, the White House AI and Crypto Czar David Sacks will chair the Working Group. The group will include the Treasury Secretary, the Chairman of the Securities and Exchange Commission, and the heads of other relevant departments and agencies. Sacks will engage stakeholders in the crypto industry to ensure that the Working group is guided by the expertise of those in the industry.

Furthermore, the executive order prohibits agencies from working towards establishing and issuing central bank digital currencies (CBDCs).

The order also revokes the previous administration's Digital Assets Executive Order and the Treasury Department's Framework for International Engagement on Digital Assets.
How It Relates To The Strategic Bitcoin Reserve
Donald Trump's executive order to develop a national digital asset stockpile has raised questions about how this relates to the president's promise to create a strategic Bitcoin reserve.

Galaxy Digital's Head of Research, Alex Thorn, suggested that this development doesn't imply that the BTC reserve will happen. He remarked that the term 'stockpile' is "jargon" for the US holding what the coins it has and not necessarily buying anything.

Bloomberg analyst James Seyffart also agreed with Thorn's theory. He stated that Donald Trump was very particular, even as far back as last summer at the Bitcoin conference, when he mentioned "stockpile" instead of "Reserve."

Bitcoin critic and renowned economist Peter Schiff also commented on the executive order. He noted that Trump signed an order to create a crypto working group to advise on digital asset policy and work with Congress on crypto legislation. According to Schiff, this order is not exclusive to Bitcoin, nor does it guarantee the creation of a strategic reserve.

However, Binance co-founder Changpeng "CZ" Zhao expressed optimism about the creation of a Strategic Bitcoin Reserve following Senator Cynthia Lummis' appointment as the Chair of the Senate's Digital Assets Subcommittee.

Trump Signs Executive Order to Establish National Digital Asset Reserve

特朗普签署了一项行政命令，要求评估国家战略数字资产储备，并成立了一个总统数字资产市场工作组，旨在加强美国在数字金融领域的领导地位。特朗普在达沃斯论坛上表示，他将要求美联储立即降息。美国参议员辛西娅·卢米斯提到，战略比特币储备将增强美元的地位，并表达了对相关立法的希望。CZ声称，美国的比特币战略储备计划基本上已得到确认。在业内，Arkham报道特朗普家族的加密项目WLFI的持有价值超过3.50亿美元。OKX成为首个获得MiCA预授权的全球交易所。Phemex暂时暂停了提现功能，并正在制定补偿计划。Fathom Holdings宣布计划采用比特币储备策略。DWF Labs的合作伙伴表示，合成美元协议Falcon Finance预计将在下周推出。Ranger Labs完成了190万美元的融资轮，而Soneium的生态DEX SONEX筹集了100万美元。维塔利克·布特林警告称，政治代币可能带来的“无限政治贿赂”风险。渣打银行的分析师建议关注受益于新ETF批准的代币。

24小时热门加密货币及新闻 | Trump签署行政命令以评估国家数字资产储备的战略；Trump呼吁联邦储备立即降息（1月24日）

特朗普簽署了一項行政命令，要求評估國家戰略數字資產儲備，並成立了一個總統數字資產市場工作組，旨在加強美國在數字金融領域的領導地位。特朗普在達沃斯論壇上表示，他將要求美聯儲立即降息。美國參議員辛西婭·盧米斯提到，戰略比特幣儲備將增強美元的地位，並表達了對相關立法的希望。CZ聲稱，美國的比特幣戰略儲備計劃基本上已得到確認。在業內，Arkham報道特朗普家族的加密項目WLFI的持有價值超過3.50億美元。OKX成爲首個獲得MiCA預授權的全球交易所。Phemex暫時暫停了提現功能，並正在制定補償計劃。Fathom Holdings宣佈計劃採用比特幣儲備策略。DWF Labs的合作伙伴表示，合成美元協議Falcon Finance預計將在下週推出。Ranger Labs完成了190萬美元的融資輪，而Soneium的生態DEX SONEX籌集了100萬美元。維塔利克·布特林警告稱，政治代幣可能帶來的“無限政治賄賂”風險。渣打銀行的分析師建議關注受益於新ETF批准的代幣。