Whaling Ship🚢Information 1-29

- The Federal Reserve issued the latest regulatory policy adjustment statement: Crypto-asset-related activities will be subject to the same restrictions on certain activities imposed on national banks; banks must ensure that the activities they engage in are within the scope of the law, etc.

- Huang Yiping, former monetary policy member of the People's Bank of China: The new digital technology brought by cryptocurrency is very valuable to the formal financial system. China's ban on cryptocurrency may miss development opportunities.

- The stablecoin market lost US$3 billion in 44 days, USDC’s market value fell by 2.9%, BUSD’s market value fell by 7.2%, and the entire stablecoin economy was worth US$138 billion, accounting for 12.71% of the entire crypto economy’s value of US$1 trillion.