Introduction

At the beginning of the new year, the scale of US national debt has surpassed $36.4 trillion. How can the US debt crisis be resolved, and can the international hegemony of the dollar be sustained? How will Bitcoin respond, and how will the future international settlement units change?

We will start with the US debt economic model, then discuss the debt risks facing the internationalization of the dollar, and analyze whether the US debt repayment plan is feasible. Looking at the past and present, let us see where US debt points Bitcoin.

The establishment of the US debt economic model

After the collapse of the Bretton Woods system, dollar hegemony grew unchecked under the debt economic model.

Author: Alice@ForesightVentures

In the previous article, we analyzed the overall ecological landscape of the PayFi sector. This time, we delve into several promising new application scenarios: AI payments, consumer-focused micropayments, and innovative deposit and withdrawal solutions.

(1) AI Payments

We firmly believe that AI and cryptocurrency payments harbor immense market potential. AI payments are expected to disrupt various industries beyond traditional finance, such as data labeling, model training, and content creation. As AI agents gradually integrate into daily life, the application scope of cryptocurrency payments will expand into mainstream industries, with future AI assistants even helping users proactively order takeout, pair purchases of clothing and groceries, and arrange rides to meetings, among other tasks.

The long-standing 'number two' Ethereum seems out of place in this bull market. Compared to the strength of cryptocurrencies like Bitcoin and SOL, ETH has been hovering around $3,000 without progress. Additionally, the foundation's frequent selling of tokens has triggered strong dissatisfaction within the community, and market confidence in ETH appears to be wavering. Coupled with the hidden costs of the Layer 2 war and the siphoning effect of the Solana Meme economy, Ethereum's future path seems increasingly unclear amidst various controversies.

EF's frequent selling of tokens 'damages goodwill'.

The Ethereum Foundation (EF) has been intermittently selling ETH, and recently sold 100 ETH worth approximately $307,893. Data from blockchain analytics firm SpotOnChain shows this is the foundation's third ETH sell-off in 2025.

Author: TI Research

Source: TechFlow

2024 has been full of ups and downs. In the past year, the hope brought by the approval of the BTC spot ETF at the beginning of the year did not burn as brightly as expected. The market quickly pulled back after a brief rise. The entire market entered a consolidation phase in Q2 and Q3, and exchanges were also recuperating. The turning point came in September, when the dual benefits of the Fed's interest rate cut and the expected Trump's inauguration injected new momentum into the market and kicked off the bull market. The rise of the Meme craze and the AI ​​Agent narrative completely ignited the passion of crypto traders. As one of the most critical components of the cryptocurrency industry, changes in the trading volume and market share of exchanges reflect the evolution of market structure and the emotional shift of participants.

Author: Yiping, Jiawei, Danny, IOSG

What is TEE?

The TEE isolates sensitive data in a protected CPU enclave while it is being processed. The contents of the enclave, including the data being processed and the processing methods, are visible only to authorized program code and cannot be accessed or understood by anyone or anything else, including the cloud service provider.

▲ Source: Twitter

The configuration of a TEE determines which entities are authorized to input data, the types of data sets and programs that can be processed, and the output results that are allowed. One of the core functions of a TEE is to verify its correct configuration through a separate certification process. The certification process provides cryptographic verification of the hardware and configuration elements of the TEE, thereby ensuring the security of its isolated processing.

Securing TEE Apps: A Developer’s Guide

Original text by: prateek, roshan, siddhartha & linguine (Marlin), krane (Asula)

Compiled by: Shew, GodRealmX

Source: PANews

Trusted Execution Environments (TEEs) have become increasingly popular since Apple announced its private cloud and NVIDIA provided confidential computing in its GPUs. Their confidentiality guarantees help protect user data (which may include private keys), while isolation ensures that the execution of programs deployed on them cannot be tampered with - whether by humans, other programs, or the operating system. Therefore, it is not surprising that the Crypto x AI field has been using TEEs to build products.

Original title: (How to build RWA global cross-domain arbitrage: the intersection of tradition and innovation?)

Original author: Ye Kai (WeChat/Twitter: YekaiMeta)

Is your industry facing difficulties in financing and poor liquidity? Do you hope to find a breakthrough in cross-border expansion?

The emergence of RWA (real world asset tokenization) provides a new solution for the digitization and liquidity improvement of traditional assets. By combining with ATS (alternative investment transactions), RWA can not only help companies achieve global cross-border financing and cross-domain arbitrage, but also promote industrial upgrading and efficient allocation of funds. In this issue, Kai Ge will explain to you how to start the global layout of asset tokenization through RWA?

Compiled by Wu on Blockchain

Source: Wall Street Watch

Fox Business invited America's 'Crypto Czar' David Sacks to discuss the latest executive order issued by Trump. The executive order signed by President Trump aims to promote innovation in the U.S. crypto industry and artificial intelligence while establishing a clear regulatory framework. The main content includes:

1. Crypto Industry Regulatory Reform: The Trump administration promises to improve the regulatory environment for the crypto industry and promote the U.S. to become the global crypto center. The executive order establishes a task force responsible for creating clear market structures and classifications for digital assets (such as securities, commodities, collectibles, etc.).

Author: Carbon Chain Value

Source: PANews

The development trend of Ai+Crypto seems to be rapidly unfolding. However, the way this is happening is somewhat different from what everyone previously imagined. It is unfolding in the form of crashing the opponent. Ai first crashes the traditional capital market, and then crashes the Crypto market.

On January 27, the emerging Chinese Ai model DeepSeek's download volume surpassed ChatGPT for the first time, reaching the top of the U.S. App Store charts, igniting extraordinary attention and reports from the global tech, investment, and even media sectors.

Behind this incident, it not only evokes thoughts about the possibility of rewriting the future technological development landscape between China and the U.S. but also sends a brief panic sentiment to the U.S. capital market. As a result, Nvidia dropped by 5.3%. ARM fell by 5.5%. Broadcom dropped by 4.9%. TSMC fell by 4.5%. Companies like Micron, AMD, and Intel also experienced corresponding declines. Even the Nasdaq 100 futures dropped to -400 points, potentially setting the record for the largest single-day drop since December 18. According to incomplete statistics, the U.S. stock market is expected to evaporate over $1 trillion in market value during Monday's trading, equivalent to one-third of the total market value of the cryptocurrency market.

Author: Wu Yu, Jin Ten Data

On Monday, President Trump stated that the sudden rise of the Chinese AI application DeepSeek 'should ring alarm bells for American tech companies' and said it is a good thing that Chinese companies are developing cheaper and more efficient AI models.

Trump stated that he still expects American tech companies to dominate the artificial intelligence sector, but he acknowledged the challenges posed by the low-cost AI assistant DeepSeek. DeepSeek soared to the top of the Apple App Store over the past weekend.

A Chinese company releasing DeepSeek AI should ring alarm bells for our industry, and we need to focus on competition,' he said while traveling in Florida.

Original title: (Wu Shuo talks with CZ Zhao Changpeng: Talking about childhood experiences, Binance entrepreneurship story, the most important article in life, why Solana exploded, Vitalik's dilemma, and the difficulties of listing on CEX)

Original source: Wu said Colin

The content of this article is the views of the interviewees

In this interview, Wu said Colin and Binance founder Zhao Changpeng CZ exchanged views on many aspects. CZ recalled his happy childhood in a Chinese school before the age of 12; after immigrating to Canada at the age of 12, his family's economic status changed, and his mother changed from a teacher to a garment factory worker, which even affected her health; later he dropped out of school early because he received a job offer.

Author: MetaEra

Mar-a-Lago, this legendary building located in Palm Beach, Florida, has one side adjacent to the Atlantic Ocean and the other side connected to Lake Worth and Florida's inland waterways, making it geographically advantageous. This estate is not only a national historic landmark but has also been designated as the 'Winter White House' and has played an important role on the international political stage. It has experienced a miraculous journey from glory to decline and then to revival. It is not only a symbol of personal dreams and wealth but also a classic case of how to achieve rebirth through innovation and transformation.

summary

1. At the beginning of 2025, the global economy is still facing policy uncertainty. The US economy is performing strongly but is affected by the tightening financial environment and geopolitical risks. The Trump administration's policy adjustments have exacerbated market volatility, and investors are paying close attention to the long-term impact of trade, energy and immigration policies on inflation, employment and the stock market.

2. Cryptocurrency market trading activity declined in January, but the total market value increased by 10%. BTC's market share remained stable while ETH's slightly declined due to market sentiment and competition from Solana. BTC ETF had strong inflows of about $14.16 billion, pushing BTC prices to new highs. In contrast, ETH ETF had a small outflow of $369 million, and market sentiment was sluggish. The entire market's stablecoins continued to inflow $5.492 billion, of which USDC became the main driver of growth this month, with a circulation increase of about $4.3 billion.

In 2024, the TON ecosystem has experienced unprecedented explosive growth, from DeFi to social games to the launch of USDt-TON, and has achieved remarkable achievements in every field. These developments not only laid a solid foundation for TON's vision of bringing cryptocurrency to everyone's fingertips, but also injected new vitality into the entire Web3 industry. Let us review the wonderful moments of the TON ecosystem in 2024 and look forward to the infinite possibilities of the future!

2024 Data Highlights: TON Ecosystem Leap

- 36.2 million new on-chain wallets, demonstrating the rapid expansion of the TON ecosystem.

Trump's first Davos speech after taking office.

Source: China-U.S. Scholars Think Tank

This is a truly historic week for America. Three days ago, I took the oath of office, and we began America’s golden age.

The recent presidential election won millions of votes, including all seven swing states. This is a significant mandate from the American people, one that has not been seen in years. Some political commentators, even some of my so-called enemies, say this is the most significant electoral victory in 129 years. That’s good. In the past 72 hours, the world has witnessed a revolution of common sense. Our nation will soon become stronger, wealthier, and more united than ever before, and due to this incredible momentum, along with what we are doing and will do, the entire globe will become more peaceful and prosperous. My administration is taking action at an unprecedented pace to address the disasters we inherited from a group of completely incompetent people, tackling every crisis facing our nation.

The statistical charts from 2018 to 2024 show that Bitcoin and altcoins often perform well during the Lunar New Year.

Article author: 1912212.eth

Source: Foresight News

The annual Lunar New Year market trend has not arrived, but instead has dropped again, further undermining the already fragile market confidence.

Bitcoin fell sharply from around $105,000 at approximately 3 AM on January 27, dropping to around $101,168, nearly breaking below the $100,000 mark. Ethereum also fell from around $3,300 to $3,188, currently recovering above $3,200. SOL, which had set a record high a few days ago, has also declined to above $230 due to the overall market impact.

This will not be the last Chinese AI model threatening the dominance of Silicon Valley giants.

Author: Carl Franzen

Source: Venture Beat

Just days ago, only the most specialized geeks (as one of them, I say this) had heard of DeepSeek, a Chinese AI company, which is a subsidiary of the uniquely named High-Flyer Capital Management (a quantitative analysis company founded in 2015). However, in the past few days, it has likely become the most talked-about company in Silicon Valley.

This is largely attributed to the release of DeepSeek-R1, a new large language model (LLM) capable of performing "inference" similar to OpenAI's current best model o1—reflecting on its analysis in a stepwise or "thinking chain" manner when answering difficult questions and solving complex problems that take seconds or minutes.

Solana (SOL) along with Hedera (HBAR) emerged as the best-performing stocks, rising 4.8% since Thursday.

Article Author: Tracy Stephens, CoinDesk Indices

Source: CoinDesk Indices

Article Compilation: Echo, MetaEra

CoinDesk Index (1.24) market overview, highlighting star coins and low-performing coins in the CoinDesk 20 index.

CoinDesk 20 Index is at 3991.46, up 2.5% (+97) since 4 PM Eastern Time on Thursday. Out of the 20 assets in the index, 19 have seen their trading prices rise.

Star coins: HBAR (+8.0%) and SOL (+4.8%)

Original text: Haze, GMGN project advisor

In the process of trading memecoins on-chain, a unique terminology system has gradually formed within the trading community. These terms constitute a common language among traders, and understanding them is crucial for newcomers to grasp market dynamics.

Asset Scale Classification

P Small Soldier: Traders holding assets under $1M

P Small General: Traders holding assets between $1M and $5M

P Major General: Traders holding assets between $5M and $10M

P Marshal: Traders holding assets over $10M

On January 25, 2025, Malaysia's leading digital services company MY E.G. Services Berhad (referred to as 'MYEG') happily announced that it had reached a strategic partnership with MyDigital ID Solutions Sdn Bhd (referred to as 'MYIDSSB') to co-develop a blockchain-powered national digital identity ecosystem—MyDigital ID super application, marking significant progress in the fight against cyber fraud.

This groundbreaking collaboration between MYEG's wholly-owned subsidiary MYEG Alternative Payment Services Sdn Bhd and MYIDSSB underscores both companies' commitment to driving technological innovation and strengthening Malaysia's digital ecosystem.