This article is derived from the latest article (The Ugly) published by BitMEX co-founder Arthur Hayes. He predicts that Bitcoin may correct to the range of $70,000 to $75,000 in Q1 or early Q2, but this correction may trigger a small financial crisis. , forcing the United States to restart the money printing press (quantitative easing), further pushing the price of Bitcoin to soar to $250,000 at the end of the year. The following is the reorganization and compilation of the dynamic area. (Previous summary: Arthur Hayes warned: Bitcoin may plummet to 70,000 mg, or trigger a small financial crisis) (Background supplement: Deepseek kills US stocks! NVDIA plummets 17%, "market value evaporates 600 billion mg", Bitcoin breaks Rebound after 98,000 mg) This article (The Ugly) is the first in a three-part series, (The Good) will focus on the rise of political memecoins, while (The Bad) will discuss the rise of U.S. cryptocurrency holders There is a risk that crypto regulatory policy may be in trouble due to the Trump administration. Disclaimer: I invest in and serve as an advisor to Ethena, the parent company of $USDe, the stablecoin mentioned several times in this article. “Stop—keep 30 meters apart!” my guide instructed a few weeks ago when we were skiing up a dormant volcano, suddenly slowing down. Up until that point, the climb had been pretty easy. However, things changed when we reached an altitude of 1600 metres. As we stopped at the ridgeline, the guide said, "My stomach tightens on that last stretch. The avalanche risk is too high, so let's just ski down here." It won't feel the same, which is why I always ski cruise with a certified guide. The seemingly innocuous terrain threatened to bury me in snow and ice. No one is sure which terrain will trigger an avalanche, but if the risk exceeds an acceptable level, the best strategy is to stop, reassess, and adjust your route. In my first post of the year, I expressed my optimism to you all, at least for the first quarter. However, as January comes to a close, my excitement has faded. Subtle changes in central bank balance sheets, bank credit growth, the relationship of the 10-year Treasury note to stocks and Bitcoin prices, and the crazy $TRUMP memecoin price action have left me feeling uneasy.This is a similar feeling to late 2021, before the crypto market crashed. History does not repeat, but it always rhymes. I don't think this bull market is over. However, based on forward-looking probabilistic analysis, I think it is more likely that Bitcoin price will first fall to $70,000 to $75,000 and then rise to $250,000 by the end of the year, rather than continue to rise without a significant correction. Based on this judgment, Maelstrom has increased his stake of Ethena $USDe to record levels and continued to take profits on multiple shitcoin positions. We remain long overall, but if my hunch is correct, we will be holding a lot of capital ready to buy on a major pullback in Bitcoin as well as multiple premium shitcoins. A pullback of this magnitude would be ugly because bullish sentiment in the market is so high right now. Trump continues to say the “right things” through executive orders, improve market sentiment by pardoning Ross Ulbricht, and ignite crypto market frenzy with the recent launch of memecoin. However, most of these things are expected, except for the launch of memecoin. What has gone under-noticed is that money supply growth in the United States, China and Japan is slowing. The following article will delve into monetary policy and related data to explain why I reduced Maelstrom’s crypto asset allocation. United States My view on U.S. monetary policy is based on two firm beliefs: The 10-year Treasury yield will rise to between 5% and 6%, triggering a mini-financial crisis. Although Fed officials do not like Trump, they will take necessary actions to maintain the U.S.-led financial system. Let me next explain the relationship between these two perspectives. 10-Year Treasury Bond The U.S. dollar is the global reserve currency, and U.S. Treasuries are the reserve asset. This means that if you hold excess dollars, buying Treasury bonds is the safest way to park your money and earn income. Accountants consider Treasury bonds to be risk-free assets, so financial institutions can borrow against them with virtually unlimited leverage. Ultimately, if the value of the national debt declines rapidly, these "accounting fairy tales" will turn into an economic nightmare, and systemically important financial institutions may go bankrupt. The 10-year Treasury note is the benchmark for pricing most medium- to long-term fixed-income instruments, such as mortgages or auto loans.It is the most important asset price in the "dirty fiat system", which is why the 10-year yield is so important. Since 1913 (the creation of the Federal Reserve), every financial crisis has been "solved" by printing money, which has led to the accumulation of leverage in the system over the past century or so. As a result, the yield threshold that led to the collapse of large financial institutions was gradually lowered. We know that when yields hit 5%, we will enter a crisis phase because when the 10-year Treasury yield briefly exceeded that level, "bad girl" Yellen (former U.S. Treasury Secretary) launched a secretive "Indian Treasury" "money policy", that is, issuing more and more short-term Treasury bonds (T-bills) to lower yields. This caused the 10-year yield to fall to 3.6%, a period low for this cycle. If 5% is the tipping point, why do yields rise from about 4.6% to over 5%? To answer this question, we need to understand who are the major marginal buyers of Treasury bonds. As the world knows, the United States is currently issuing debt at a rate unprecedented in the history of the empire. Total U.S. debt now stands at $36.22 trillion, up from just $16.7 trillion at the end of 2019. So, who is buying these junk bonds? Let's analyze the possible buyers one by one. Federal Reserve: The Federal Reserve implemented a money-printing policy called quantitative easing (QE) from 2008 to 2022, purchasing trillions of dollars in Treasury bonds. However, starting in 2022, the Fed shut down the money printing press and instead implemented quantitative tightening (QT). U.S. Commercial Banks: After buying Treasury bonds at high prices, these banks encountered "temporary inflation" and the Federal Reserve's fastest rate hike in 40 years. As a result, they were "cut off". To make matters worse, according to the capital adequacy regulations of Basel III, if commercial banks want to buy government bonds, they must invest more expensive equity capital as guarantee. So their balance sheets are stretched to the limit and can no longer buy Treasury bonds. Major foreign surplus countries: Oil exporters such as Saudi Arabia, and commodity exporters such as China and Japan. Even as these countries' trade surpluses continue to grow, they are not buying more U.S. Treasuries.For example, China had a trade surplus of $962 billion as of November 2024, but its holdings of U.S. Treasury securities fell by about $14 billion over the same period. Since the United States has forced its national debt into the global financial system but has not yet experienced a debt crisis, I ask again, who is buying these "rough single-ply toilet paper"? Whoever it was clearly had no respect for their own ass. Let's get together...

BitMEX co-founder Arthur Hayes predicts in his latest article that Bitcoin may correct to the range of $70,000 to $75,000 in Q1 or early Q2. However, with the outbreak of a minor financial crisis, the U.S. Federal Reserve may be forced to restart the money printing machine, driving the price of Bitcoin to soar to $250,000 by the end of 2025. (Background: Arthur Hayes warns: Bitcoin could plummet to $70,000, potentially triggering a minor financial crisis) (Additional context: Deepseek kills the U.S. stock market! NVIDIA plummets 17% 'Market value evaporates by $600 billion', Bitcoin rebounds after breaking below $98,000) Yesterday, as Bitcoin fell below $98,000 due to market panic triggered by DeepSeek, BitMEX co-founder Arthur Hayes published a new article titled (The Ugly), analyzing Bitcoin's short-term trends and the macroeconomic situations in the U.S., China, and Japan. He believes Bitcoin may correct to the range of $70,000 to $75,000 in early Q1 or Q2, but this correction will be accompanied by a minor financial crisis, prompting the U.S. to restart the money printing machine, further driving the price of Bitcoin to soar to $250,000 by the end of 2025. Short-term correction of Bitcoin and market panic Hayes emphasizes that although Bitcoin has a low correlation with stock prices in the long term, it may exhibit a high correlation in the short term. Data shows that the 30-day correlation between Bitcoin and the Nasdaq 100 index is rising, which is very unfavorable for short-term price trends. Especially when the pressure from rising 10-year Treasury yields continues, the stock market may further correct, and Bitcoin, as a liquidity-sensitive asset, may fall ahead of stocks. He predicts that the price of Bitcoin will fall back to the range of $70,000 to $75,000, giving back the gains brought by Trump's re-election (commonly referred to as the 'Trump Bump'). This correction is about 30% and is a common phenomenon in a bull market for Bitcoin. The 30-day correlation between Bitcoin (XBTUSD) and the Nasdaq 100 index (NDX Index) Minor financial crisis about to erupt Hayes believes the core issue facing the global financial market is the tightening of fiat currency liquidity. He points out that the three major economies of the U.S., China, and Japan are currently not accelerating money printing, and in some cases, even raising the cost of currency (interest rates). This situation leads to insufficient market liquidity and downward pressure on asset prices. He predicts that as 10-year Treasury yields continue to rise, when they reach between 5% and 6%, it could trigger a minor financial crisis, forcing the Federal Reserve to restart the money printing machine. According to Hayes' observations, the Federal Reserve will 'stand with Trump,' pressing the button for dollar printing (USD Brrr) to alleviate market pressure. Subsequently, the People's Bank of China (PBOC) will also join the ranks of liquidity injection, using the advantage of stable USD-RMB exchange rates to stimulate the economy synchronously. This minor financial crisis could bring much-needed 'monetary magic' to the Bitcoin market, namely the support of loose liquidity. Bitcoin as a leading indicator of market pressure Hayes believes that Bitcoin is the only truly free market globally, and its price is highly sensitive to changes in global fiat currency liquidity conditions. In a fiat currency tightening environment, Bitcoin's price usually leads to a decline in stocks, becoming a leading indicator of financial pressure. However, conversely, when fiat currency liquidity is restarted, Bitcoin will also lead other assets in rebounding from the bottom. According to Hayes' speculation, the Bitcoin market may see a correction low in the first quarter or early second quarter of 2025. With the outbreak of the financial crisis, the Federal Reserve will be forced to stop quantitative tightening (QT) and initiate quantitative easing (QE) measures. These policies will inject liquidity support into the Bitcoin market and push its price to soar to a historic high of $250,000 before the end of the year. Trading strategies and risk management In this article, Hayes also shares his trading strategies and thoughts on risk. He mentions that he has currently reduced his Bitcoin holdings and instead holds more stablecoins (such as $USDe), participating in staking to earn an annualized return of 10% to 20%. He believes this strategy helps maintain liquidity during market downturns and leaves funds available for future opportunities to buy quality altcoins at low prices. Hayes states that the final liquidation candle for Bitcoin (i.e., the market experiencing one last large-scale forced liquidation) will be a signal to buy at the bottom. He expects that if Bitcoin prices experience a correction of about 30%, many quality altcoins' prices could plummet by more than 50%, which would be the best entry point for long-term investors. At the same time, he emphasizes that trading is not about right or wrong, but about calculating probabilities based on imperfect information and maximizing expected value. He sets the probability of a short-term Bitcoin correction at 60% and the probability of a bull market continuation at 40%. Based on these probabilities, he calculates that he should reduce risk exposure and prepare for the next round of opportunities. Mathematical derivation 60% probability of Bitcoin correcting 30%; 40% probability of bull market continuing with Bitcoin price rebounding 10% Calculating expected value: (60% * -30%) + (40% * 10%) = -14% expected value DeepSeek: The catalyst for market panic? Notably, Hayes mentions at the end of the article that the market panic on January 27 is related to the launch of the AI model DeepSeek developed in China. This model outperforms the latest products from OpenAI and Anthropic in performance, but the training cost is only 5% of the former. This news has caused investors to start reassessing their optimistic expectations for U.S. tech stocks, further triggering concerns about the fiat currency liquidity environment and 10-year Treasury yields. Hayes believes that when the market begins to question a core optimistic assumption, it often triggers a chain reaction of questioning all assumptions. This situation could become a catalyst, accelerating market sell-offs and promoting a short-term correction in Bitcoin. Related reports Bitcoin Jesus Roger Ver films 'Request Trump for a Pardon', Musk retorts: But you have given up your U.S. citizenship Zhao Changpeng: Adhere to fundamental investment 'I won't do technical analysis', I bought Bitcoin in 2014 at $600 Arthur Hayes warns: Bitcoin could plunge to $70,000, potentially triggering a minor financial crisis "Arthur Hayes predicts: DeepSeek triggers Bitcoin to drop to $70,000! Soars back over $250,000 by the end of the year" This article was first published on BlockTempo (the most influential blockchain news media).

U.S. President Trump announced in his speech yesterday that he plans to impose tariffs of up to 100% on foreign-produced chips, semiconductors, and pharmaceuticals in an attempt to push these industries back to the United States. He further accused Taiwan of seizing U.S. chip manufacturing opportunities and criticized the Biden administration's subsidy policy as ineffective, stressing that only high tariffs can force companies to return to the United States to build factories. (Preliminary briefing: Trump has announced a 25% tariff on Mexico. The U.S. dollar index has soared. Is it bad for U.S. stocks tonight?) (Background supplement: China is calling for a bailout of A-shares! It plans to inject hundreds of billions of yuan every year, but the market is still worried about Trump. President Trump has always held high the banner of tariff policy. On the 21st of this month, he threatened to impose tariffs of up to 25% on Mexico and Canada before February 1st. And yesterday (27th), when he delivered a speech to House Republicans participating in a seminar at the Trump National Doral in Miami, Florida, he further expanded the target of the tariff policy to Taiwan, targeting semiconductors. , medicines and other commodities, trying to encourage these industries to return to the United States. Trump announces he will be putting tariffs on semiconductors pic.twitter.com/miymN8aPMh — Acyn (@Acyn) January 27, 2025 Trump is afraid of imposing 100% tariffs on Taiwan. In his speech, Trump announced plans to extend tariffs to electronic products made in China. It extends to computer chips made in Taiwan and warns that the tax rate may be as high as 100%. He said: We are about to impose tariffs on foreign-produced computer chips, semiconductors and pharmaceuticals to encourage the manufacturing of these critical products to return to the United States. Trump further accused Taiwan of seizing high-end chip production opportunities in the United States: "These companies left the United States and went to Taiwan. By the way, Taiwan accounts for about 98% of the chip market... We want them to come back." He pointedly pointed out , U.S. technology giants including Apple, Nvidia, Qualcomm and AMD have been highly dependent on Taiwan Semiconductor Manufacturing Company (TSMC) for chip supply. While TSMC has built a factory in Arizona, its main production is currently concentrated in Taiwan. Trump approves Biden subsidy plan Trump criticized the subsidy plan implemented by the Biden administration as a waste of money, emphasizing that high tariffs are an effective means to force industries to return.He said: "We don't need to give these companies billions of dollars like Biden did. They are already rich. What they need is not the money, but the inducement. And the inducement is that they will not want to pay 25%, 50%, or even up to 100% tax." He added: "They will use their own money to build factories, and we don't need to provide subsidies. They take the money but don't even know how to use it." Trump believes that additional taxes will be imposed. The threat of tariffs will push more U.S. technology companies to move chip production back to the United States. "If you want to avoid paying high tariffs, the only way out is to build factories in the United States, and this reshoring will reach a record scale." The Biden administration previously passed the 2022 (Chips and Science Act) , providing US$53 billion in subsidies to support the US semiconductor industry, hoping to shorten the competitive gap with China in the semiconductor manufacturing industry. However, Trump believes that subsidies are not the fundamental solution to the problem. He emphasizes that returning to the high tariff policy of the past can make the United States strong again. He compared his policies to the high tariff system implemented by former President William McKinley in the late 1890s, saying: "It is time for the United States to return to the system that made us richer and more powerful than before." Trump expanded the scope of tariffs to include metals and military supplies. In addition to naming Taiwan's chip industry, Trump also added that he plans to impose comprehensive tariffs on steel, aluminum, copper and key supplies needed for the military. He stated in his speech: "We have to bring production back to the United States... You know, we used to build a ship a day, and now we can't build a ship. We no longer know what the hell we are doing. (Production) has been moved elsewhere.” Trump’s tariff war may put upward pressure on consumer prices, further affecting inflation towards the Fed’s 2% target and reducing the scope for interest rate cuts. According to the latest market forecasts, there is only a 2.7% chance of a 1-yard rate cut at tomorrow's FOMC meeting. In addition, the impact of tariff policy may also push the U.S. dollar index higher, with the U.S. dollar index rising 0.45% to 107.82 at the latest closing data. Related reports: Gold breaks resistance, will Bitcoin take over?Analyst: Trump’s tariff threat threatens a large amount of funds and there is a trend of hedging. Former Vice Chairman of the Federal Reserve: The tariff war will not necessarily cause inflation, and Trump cannot affect the independence of the Fed. Quick look at Trump’s speech: No mention of Bitcoin’s decline, Crack down on illegal immigration, increase tariffs, cancel gender diversity... "Trump threatens to impose 100% tariffs on Taiwan: 98% of the world's chips come from Taiwan! This article should be returned to the United States." This article was first published on BlockTempo (Dong District Dong Trend-Most Influential blockchain news media).

KuCoin is operating an unlicensed money transmission business in the United States, reaching a settlement with the U.S. Department of Justice to pay nearly $300 million in fines and related forfeitures, and will exit the U.S. market for at least two years. The two founders signed a deferred prosecution agreement, each forfeiting about $2.7 million and stepping down from management positions. (Background: FTX 'sued KuCoin' for the return of $50 million in assets: all are the hard-earned money of creditors...) (Background information: KuCoin is being sued by the U.S. Department of Justice and CFTC) What are the reasons for the allegations, official and community reactions, fund runs, and what will happen in the future?) KuCoin, one of the top ten cryptocurrency exchanges globally, once again reached a settlement with U.S. regulators after settling for $22 million with New York state authorities in 2023 over allegations of providing unregistered securities services. According to the announcement from the U.S. Department of Justice, KuCoin acknowledges its involvement in operating an unlicensed money transmission business in the U.S. and agrees to pay nearly $300 million in fines and related forfeitures. KuCoin pleads guilty and agrees to exit the U.S. market for at least two years. In March last year, the U.S. Department of Justice charged KuCoin and its two Chinese founders Chun Gan (also known as Michael) and Ke Tang (also known as Eric) with operating an unlicensed money transmission business and failing to comply with U.S. anti-money laundering regulations. Yesterday (27th), Peken Global Ltd., located in Seychelles (one of KuCoin's three operating entities), pleaded guilty before U.S. District Judge Andrew Carter in Manhattan. According to the ruling, the company is fined approximately $113 million and forfeits $184.5 million. In addition, the two founders have signed a deferred prosecution agreement and each agreed to forfeit about $2.7 million while no longer participating in any management or operational roles. As part of the settlement agreement, KuCoin agrees to exit the U.S. market for at least two years. The exchange emphasizes that this move will not affect its operations in other non-restrictive global markets. "While resolving regulatory challenges in the U.S., we hope to assure global users that KuCoin's operations in other markets remain unaffected. We will continue to provide safe and innovative services for global users and strive to be a leading cryptocurrency exchange." Founder Michael's Resignation Statement According to a statement from KuCoin founder Michael, the U.S. Department of Justice has agreed to drop all charges against him and co-founder Eric Tang after certain conditions are met. As part of the settlement agreement, Michael announced his resignation from all positions at KuCoin and its affiliated companies. In his statement, he expressed gratitude for the long-term trust and support from the KuCoin community and is confident in the management team led by BC Wong. Looking ahead, Michael stated that he looks forward to continuing to drive the ongoing development in the cryptocurrency space through new ventures and partnerships. KCS has risen over 14% in the past 24 hours, possibly alleviating regulatory uncertainties, with KuCoin's platform token KCS soaring from around $12.22 to $14.57, an increase of up to 14.4%. Related Reports KuCoin Ventures provides a $50,000 prize pool for TON The Open Summit Hackathon. Breaking news! KuCoin exchange and its two founders are sued by the U.S. Department of Justice for violating the Bank Protection Act and anti-money laundering laws. KuCoin pays $22 million to settle with the New York Department of Justice! CEO: Compliance exit from the local market. "KuCoin pays $300 million to settle with the U.S. Department of Justice! Agrees to exit the U.S. market for two years, founders resign." This article was first published on BlockTempo (BlockTempo - the most influential blockchain news media).

The open-source inference model R1 launched by DeepSeek has raised concerns in the market regarding the valuations of large AI tech stocks, leading to a significant drop in U.S. stocks, with NVIDIA's share price plummeting by 17%, resulting in a market cap loss of nearly $600 billion, setting a record for the largest single-day market cap loss in U.S. stock history. Bitcoin was also impacted, briefly falling below $98,000 yesterday. (Background: Bitcoin fell below $101,000, '190,000 people liquidated $520 million', experts say: market differentiation intensifies, retail investors are selling off) (Context: Zuckerberg warns: Chinese AI models like Deepseek are too strong; U.S. businesses and government should take measures to contain them) China’s startup DeepSeek launched the open-source inference model R1 on the 20th, claiming its performance is comparable to OpenAI's o1, but its training cost is said to be less than $6 million, about 5% of GPT-4o, and the query cost is 98% lower than OpenAI. This news sparked rapid discussions over the weekend and triggered panic among investors in the new week, resulting in a noticeable market sell-off. DeepSeek demonstrated the ability to 'create high-performance models with less investment,' prompting investors to reassess whether the valuations of large tech stocks, supported by hundreds of billions of dollars in AI investments, are reasonable. The market further questioned whether these huge investments could generate sufficient profit returns. With the rise of DeepSeek, concerns among investors about a potential burst of the AI stock bubble intensified, and panic quickly spread to the tech stock sector. NVIDIA's market cap loss of nearly $600 billion set a new record, and tech stocks in the AI field were the most affected, with NVIDIA’s stock price plunging nearly 17%, resulting in a market cap loss of $58.9 billion, marking the largest single-day loss in U.S. stock history and making it the biggest victim of this downturn. Other tech stocks were not spared either, with TSMC ADR dropping over 13%, Broadcom down 17.4%, and Micron Technology and AMD both declining by 6.4%. The four major U.S. stock indices generally closed lower, with the Philadelphia Semiconductor Index plunging over 9%: The Dow Jones Industrial Average rose by 289.33 points, or 0.65%, to close at 44,713.58 points. The Nasdaq Composite Index plummeted by 612.46 points, or 3.07%, closing at 19,341.84 points. The S&P 500 Index fell by 88.96 points, or 1.46%, to close at 6,012.28 points. The Philadelphia Semiconductor Index crashed by 488.70 points, or 9.15%, closing at 4,853.24 points. Bitcoin rebounded after falling below $98,000 In the cryptocurrency market, according to Binance spot market data, Bitcoin fell below $98,000 around 3 PM yesterday, hitting a low of $97,777. However, perhaps due to market sentiment digesting, Bitcoin made a second attempt to rise back to $102,000 in nearly 12 hours, currently trading at $101,509, a slight decline of 0.08% in the last 24 hours. The overall market experienced a shake-up with approximately $180 million in liquidations in nearly 12 hours, resulting in a double explosion in the crypto market. Coinglass data shows that approximately $184 million in liquidations occurred in the entire network over nearly 12 hours, with long liquidations around $91.45 million and short liquidations around $92.46 million; there were about $697 million in liquidations across the entire network in nearly 24 hours, affecting nearly 260,000 people. Related Reports: Arthur Hayes warns: Bitcoin could plummet to $70,000, potentially triggering a small financial crisis. The author of Rich Dad: February will witness 'the worst stock market crash ever'! Billions of dollars will flow into Bitcoin and gold. Zhao Changpeng: Adhering to fundamental investment 'will not conduct technical analysis'; I bought Bitcoin at $600 in 2014. 'Deepseek kills U.S. stocks! NVIDIA plummets 17%, 'market cap evaporates $600 billion,' Bitcoin rebounds after falling below $98,000,' this article was first published by BlockTempo (the most influential blockchain news media).

Movemaker, a community organization officially authorized by the Aptos Foundation, announced its official establishment. It will be dedicated to accelerating the application implementation and ecological prosperity of Aptos in the Chinese-speaking area. The organization has received multi-million dollar funding and resource support from the Aptos Foundation. (Preliminary summary: Aptos ecological interpretation: Will "game infrastructure" become a new growth driver? ) (Background supplement: Since the Aptos mainnet was launched, how has the development of DeFi on the chain been? ) This article is a Guangdong draft, provided by Movemaker, not It represents the position of Dongzhong and is not investment advice, purchase or sale advice. See the liability warning at the end of the article for details. Movemaker, the community organization officially authorized by the Aptos Foundation, was officially established. Co-initiated by Ankaa and BlockBooster, Movemaker focuses on the promotion and construction of the Aptos Chinese-speaking area ecology, aiming to accelerate the application implementation and ecological prosperity of Aptos in the Chinese-speaking area through resource integration, community empowerment and technical support. As a decentralized community organization, Movemaker has received millions of dollars in funding and resource support from the Aptos Foundation. Movemaker will have independent decision-making power, aiming to effectively respond to the needs of developers and ecosystem builders in the Chinese-speaking area, and promote the further expansion of Aptos in the global Web3 field. "The Chinese community is an integral part of the Aptos ecosystem and an important force driving the growth of Web3 as a whole. The launch of Movemaker demonstrates our firm commitment to this community and its important role in promoting Web3 innovation," Aptos said Avery Ching, CEO and co-founder of Labs. "I look forward to working with the teams at Ankaa, the Aptos Foundation, Aptos Labs and BlockBooster to empower developers, cultivate groundbreaking projects, and establish a thriving environment for innovation and growth in this key market." The community’s anthem symbolizes our commitment to tapping the unlimited potential of outstanding developers and launching global products,” said Ash Pampati, head of Aptos ecosystem. "We are very excited to accelerate Web3 entrepreneurship through the deep talent pool in this market." Millions of dollars in funding and resource support: empowering ecological construction The establishment of Movemaker marks a new stage of the Aptos Foundation's strategic layout in the Chinese-speaking region .With the full support of the Aptos Foundation, Movemaker will prioritize the following directions: 1. Establish an ecological funding fund to assist the incubation and development of the Aptos project. Movemaker will have the approval and issuance rights of the Aptos ecological construction special funding fund to promote the Aptos block The sustainable development of chain ecology. This ecological funding fund will give priority to supporting innovative projects in the following key areas: DeFi Deep integration of artificial intelligence and blockchain Innovative payment stablecoins and RWA Movemaker will focus on supporting developers and projects in the Chinese-speaking region, while attracting global attention to the Chinese-speaking region market The team joins Aptos ecological construction to ensure that resources can be accurately implemented and promote rapid iteration of technology and applications. 2. Enhance the community influence of Aptos in the Chinese-speaking area. Movemaker will assume the community building and promotion functions of Aptos in the Chinese-speaking area. With Hong Kong as the regional hub, it will comprehensively enhance the visibility and influence of Aptos in the Chinese-speaking area through multi-dimensional measures. , and attract more builders to join ecological co-construction. Establishing Aptos Co-creation Space (Aptos Space): Movemaker will set up Aptos Co-creation Space (Aptos Space) in Hong Kong to provide an open collaboration platform for developers and entrepreneurial teams. Developer interaction and community building: By organizing various activities such as hackathons, Hacker Houses, technology workshops, and community meet-ups, Movemaker will provide developers with resources and technical support and establish a diversified interactive platform. Attract outstanding developers to join the Aptos ecosystem. Public relations and political and business cooperation: Movemaker will establish close cooperative relationships with government agencies, industry associations and business organizations in Hong Kong and Chinese-speaking areas to provide support for the legal and compliance implementation of the Aptos ecological plan. Brand and marketing: Through precise market strategies and in-depth cooperation with mainstream media and industry leaders, Movemaker will comprehensively enhance the brand awareness and influence of Aptos among users and developer groups in the Chinese-speaking region. Full-year goals: Promote ecological development with quantified results. Movemaker's first year of operations will focus on the comprehensive improvement of the Aptos Chinese-speaking area ecology, and has formulated the following core goals: Add one million new users: attract more through community activities and user education New users enter the Aptos ecosystem; Increase on-chain activity by 5 times: increase the frequency of on-chain interactions by supporting high-quality ecological projects and optimizing user participation experience; Expand community influence by 5 times: enhance Aptos through online and offline activities covering more regions and people Brand voice in the Chinese-speaking Web3 community. Looking to the future: Constructing the ecological cooperation matrix of Aptos in the Chinese-speaking region. The establishment of Movemaker is an important step in the ecological strategy of the Aptos Foundation in the Chinese-speaking region. In the future, Movemaker will build an ecological matrix covering multiple resources through open cooperation to further promote Aptos' comprehensive layout in the Chinese-speaking region. Movemaker will focus on expanding partnerships in the following areas: Cooperation with investment institutions: Establishing close cooperation with investment institutions in Web2 and Web3, providing financing matching opportunities for high-quality projects, assisting the rapid growth of projects, and promoting the deep integration of traditional capital and the Aptos ecosystem ; User and developer community: attract more users and developers to join the Aptos ecosystem through continuous empowerment and support; Industry leaders and media: enhance the awareness of the Aptos ecosystem in the Chinese-speaking region through content dissemination and brand promotion and influence; Infrastructure partners: Promote the interconnection between Aptos ecology and on-chain and off-chain resources, and expand the ecological boundaries. Movemaker is committed to becoming the key driving engine for the ecological development of Aptos in the Chinese-speaking region, fully tapping the potential of Aptos technology in the Chinese-speaking market through multi-party collaboration and continuous innovation. In the future, with the addition of more partners, Movemaker will further consolidate Aptos' core position in the Chinese ecosystem and drive Aptos towards greater prosperity and success. Partners who are interested in co-building are welcome to contact us: .

Rich Dad Robert Kiyosaki warned today that the worst stock market crash in history is set to hit in February. However, he believes this means billions of dollars will flow out of the stock and bond markets and into Bitcoin. (Background: Contradicting himself? Rich Dad warned Bitcoin could drop to $60,000, but just two days ago he claimed BTC would soon break $100,000.) (Additional context: Rich Dad publicly disclosed his Bitcoin holdings of '73 coins' and plans to increase them to 100 coins: the rise isn’t capped yet!) Bestselling author of the financial book (Rich Dad Poor Dad) Robert Kiyosaki tweeted today (27) on platform X warning that the worst stock market crash in history is imminent. He reiterated his prediction from his 2013 book (Rich Dad's Prophecy) that the worst stock market crash will occur in February 2025. However, he stated this means billions of dollars will shift from the stock and bond markets to Bitcoin. The good news is that everything goes on sale during a crash. Cars and houses are currently on sale. The better news is that billions will leave the stock and bond markets and… — Robert Kiyosaki (@theRealKiyosaki) January 27, 2025 Rich Dad shouts out Bitcoin: Get on board now, even 1 Satoshi can make you wealthy. Long advocating for silver, gold, and Bitcoin on social platforms, believing these three assets are the safest, Robert Kiyosaki, who considers cash like the dollar and euro garbage, once again sees Bitcoin thriving. Bitcoin will flourish. Do your best, get on board quickly. Get rid of the fakes, enter cryptocurrencies as well as gold and silver. Even one Satoshi can make you rich, while millions (in cash) can lose everything. Additional reading: Rich Dad claims buying 1 Satoshi of Bitcoin can lead to wealth; do you believe him? Rich Dad: The global economy has started to collapse. Notably, Robert Kiyosaki also warned on the 8th that the largest market crash in history is coming, predicting in 2025 that the auto, real estate, restaurant, retail, and even wine sales markets will crash. Worse, the world is on the brink of war. Stay smart, keep your eyes open, and listen closely. Many expensive assets like houses, gold, silver, and Bitcoin will be sold. I will buy more real assets with fake dollars. When millions panic, it's time to stay calm and smart. He also tweeted in late December that the global economic collapse has begun, with the three major economies of Europe, China, and the USA all in recession. If ordinary people want to protect their assets and jobs, or even achieve wealth goals, the best opportunity is to buy gold, silver, and Bitcoin. I WARNED Y’all. 2013 Published Rich Dad’s PROPHECY. Prophecy predicted the biggest stock market crash in history was coming. That CRASH is NOW. How did I know this giant crash was coming? I knew because in 2008 our leaders, led by Fed Chairman Ben Bernanke, paid himself and… — Robert Kiyosaki (@theRealKiyosaki) January 8, 2025 Related reports: Rich Dad: The last chance to buy Bitcoin before it hits $100,000, or the rich and institutions will snatch it all away. Rich Dad: The biggest crash in history is coming; I’m prepared! The internet mocks, 'You've been preparing since 2015.' Rich Dad: The market crash is coming, your chance to become rich is here… The internet angrily responds, 'Stop spreading panic.' "Rich Dad: The worst stock market crash in history is in February! Billions of dollars will flow into Bitcoin and gold" was first published on the BlockTempo (the most influential blockchain news media).

Cryptocurrency exchange VALR is celebrating the Year of the Snake with a series of exciting events running for three weeks from January 27 to February 14, with a total cryptocurrency bonus pool of $8,888 up for grabs. (Preliminary summary: VALR participated in Taipei Blockchain Week TBW, and the marketing team talked about the potential of Web3 in Asia and Africa) (Background supplement: Wilo Avalanche December: Share the $40,000 $AVAX prize pool) This article is a general editor, provided by VALR, It does not represent the position of Dongzhong, nor is it investment advice, purchase or sale advice. See the liability warning at the end of the article for details. As the Spring Festival is approaching, VALR has launched a series of exciting activities to celebrate the Year of the Snake, allowing every user to participate and receive generous rewards. The event will run for three weeks between January 27th and February 14th, with a total prize pool of up to $8,888 in cryptocurrency, whether you are a new user or a regular trader, you have a chance to win these rewards. VALR Year of the Snake Spring Festival Event Details Complete KYC (Identity Verification): Verify your VALR account for a chance to win mystery gifts from the weekly $888 reward pool. Deposit & Trading Challenge: Compete for a prize pool of up to $3,308 in our Year of the Snake trading challenge. Refer a friend: Invite a friend to join VALR and share in the $1,764 reward pool. Telegram Events: Join our Telegram community for fun events and a chance to win weekly red envelopes worth $8.80. How to participate in the event 1. Complete KYC To participate in this celebration, you first need to complete KYC verification, so that you can fully participate and get the opportunity to get mysterious gifts. Each week during the campaign, lucky participants will share in $888 in cryptocurrency rewards. 2. Year of the Snake Trading Challenge You have a chance to win a share of $3,308 in our trading competition with the following requirements: Deposit cryptocurrencies into your account during the campaign period and maintain a net deposit of at least $50. Trade at least $100 on any trading pair, support simple buy and sell, spot or futures trading. The top 8 users ranked by trading volume in the Year of the Snake trader rankings will be able to receive rewards. 3. Earn rewards by referring friends Invite your friends and when they trade, you will be rewarded with cryptocurrency!Here’s how: Share your unique referral code during the event. Referred friends must: Register using your code. Complete account verification. Trade at least $50 on any of VALR's simple buy/sell or spot trading pairs. You will receive rewards based on the cumulative trading volume of the recommended friends. The top 8 referrers in the recommended trading volume ranking will share the $1,764 reward pool. In addition, the first 8 new traders who sign up using the referral code during the event will share in the $888 reward pool. 4. Join Telegram to win red envelopes. Join our Telegram community, participate in interesting activities, and have a chance to win lucky red envelopes! Each week 10 lucky winners will receive a bonus worth $8.80. Not only is this a chance to win, but it’s also a great way to network with other cryptocurrency enthusiasts. Event Rules and Notes All participants must complete KYC verification during the event period and follow the event rules. Rewards will be distributed within 7 working days after the event ends. VALR reserves the right to modify or cancel the event at any time and will publish an announcement on the platform. Summary In this Spring Festival of the Year of the Snake, VALR provides each user with a wealth of rewards and activity opportunities, allowing everyone to enjoy the fun of cryptocurrency trading while celebrating the traditional festival. Whether you're a newbie or a veteran, this is an opportunity not to be missed. Come and join us. I wish you all a lot of money and all your dreams come true in the new year! For more details, visit the VALR official website or join our Telegram community. Let us share happiness during this Spring Festival and welcome the prosperous Year of the Snake! __ Editorial disclaimer: The content of this article is a publicity manuscript provided by the contributor. The contributor has no relationship with Dongzhong, and this article does not represent the position of Dongzhong. This article is not intended to provide any investment, asset advice or legal advice and should not be considered an offer to buy, sell or hold assets. Any services, solutions or tools mentioned in Guangxuan manuscripts are for reference only, and the final actual content or rules are subject to the announcement or explanation of the contributor. Dongguan is not responsible for any possible risks or losses and reminds readers to proceed. Be sure to check carefully before making any decisions or actions. Related reports Avalanche9000 is officially launched on the main network: the cost of deploying L1 is reduced by 99.9%, hundreds of subnets are about to be launched Arthur Hayes warns: Bitcoin may plummet to 70,000 mg, or trigger a small financial crisis Trump signs a crypto-friendly executive order: Assessing Bitcoin Strategic reserves, ban on issuance of CBDC, establishment of a new regulatory framework "Celebrate the Spring Festival with VALR: Unlock the wealth of the Year of the Snake" This article was first published on BlockTempo (Dongqu Dongzhu - the most influential blockchain news media) .

Roger Ver (Bitcoin Jesus) released a video yesterday, calling on Trump to help him end his legal battle with the U.S. government. The U.S. Department of Justice announced last year that Ver was arrested in Spain for allegedly evading $48 million in taxes and is facing multiple charges including fraud, tax evasion, and filing false tax returns, potentially facing a maximum sentence of 109 years. (Background: Bitcoin Jesus Roger Ver was arrested, and the IRS accused him of evading $48 million in taxes, seeking extradition for trial) (Supplementary background: Bitcoin Jesus Roger Ver is accused of tax evasion and fraud with a maximum sentence of 109 years, supporters petition for a pardon) Known as the 'Bitcoin Jesus,' Roger Ver released a video on Twitter last night (26th), urging Trump to help him obtain a pardon and return to his home in the U.S. It seems that Trump's recent fulfillment of the promise to pardon Silk Road founder Ross Ulbricht has sparked a glimmer of hope for this early investor and advocate of Bitcoin and Bitcoin Cash. Roger Ver is an early evangelist of Bitcoin and a key supporter of BCH, as well as an early investor in Bitcoin startups like Bitcoin.com, Blockchain.com, and CoinFLEX. However, in recent years, Roger Ver has frequently encountered financial disputes with companies like Matrixport, CoinFLEX, and Genesis. Bitcoin Jesus asks Trump for a pardon. Roger Ver, who renounced his U.S. citizenship in 2014, states at the beginning of the video that he is the first person in the world to start investing in the Bitcoin ecosystem and that he was born an American and will die as an American, and it is these American ideals that excite him about Bitcoin. But as I filmed this video, it could be my last moment of freedom. I may face up to 109 years of life imprisonment after being extradited to the U.S. from Spain. This is not because I did anything wrong, but because of my activity in the cryptocurrency space. He pointed out that some people hate America (implying Democrats like Kamala Harris and Biden), and they use legal battles to target those spreading American ideals. If anyone knows what it feels like to be a victim of a legal battle for spreading American ideals, it is Trump. He called out to Trump: What they are doing to me is exactly what they are doing to you. I love America. If it weren't for these America-hating people using legal battles to push me out of America, I would never have left. I gave up my citizenship because I knew that some U.S. government agencies would continue to target me because of my political views and past activism. Indeed, it was one of the hardest and saddest decisions I've ever made (referring to renouncing U.S. citizenship), because America is my homeland. Please help me get involved in the amazing things happening in America. I want to help, I want to invest my money in America. Trump, please help me end this legal battle so I can go home and help you make America great again. Mr. President, I am an American, and I need your help. Only you, with your commitment to justice, can save me @realDonaldTrump pic.twitter.com/WhVTZ1M1GB — Roger Ver (@rogerkver) January 26, 2025 Bitcoin Jesus may face 109 years in life imprisonment. In late April last year, the U.S. Department of Justice announced that Roger Ver was arrested in Spain for allegedly evading $48 million in taxes (approximately NT$1.56 billion) and facing multiple charges including fraud, tax evasion, and filing false tax returns. The indictment states that Ver sold tens of thousands of Bitcoins on a cryptocurrency exchange in 2017 in exchange for approximately $240 million in cash (around NT$7.8 billion). However, he hired law firms and appraisers to falsely report the number of Bitcoins, resulting in the law firm submitting a false tax return that severely underestimated the value of the two companies he owned and their 73,000 Bitcoins, and the submitted documents did not report the Bitcoins personally held by Ver, causing the IRS to lose at least $48 million. Extended reading: Bitcoin Jesus Roger Ver was arrested, and the IRS accused him of evading $48 million in taxes, seeking extradition for trial. Elon Musk is not optimistic about Roger Ver receiving a pardon. However, when netizens asked when Trump would pardon Roger Ver, Elon Musk, the founder of Tesla and leader of the Department of Government Efficiency (DOGE), responded: Roger Ver gave up his U.S. citizenship. Ver will not receive a pardon. Membership has its privileges. — Elon Musk (@elonmusk) January 26, 2025 Related reports: Bitcoin Jesus Roger Ver is accused of tax evasion and fraud with a maximum sentence of 109 years, supporters petition for a pardon. Silk Road founder shares life in prison: I originally wanted to change the world with Bitcoin... Silk Road founder Ross Ulbricht regains freedom! Photos of his smiling exit from prison after Trump's pardon are exposed. "Bitcoin Jesus Roger Ver makes a video asking Trump for a pardon, while Musk retorts: But you have already given up your U.S. citizenship." This article was first published by BlockTempo (the most influential blockchain news media).

The AI model recently released by the Chinese startup DeepSeek has gone viral, reaching the top of the free charts in the Apple iOS App Store in both the U.S. and China today. With a cost of less than $6 million, it has created a model that can compete with ChatGPT and Meta's Llama, raising concerns from Meta founder Mark Zuckerberg. (Background: ChatGPT o3-mini is about to be released! OpenAI's product manager adds: AI Agents tools will go live in Q1) (Additional background: OpenAI has launched the full version of the o1 model and a new subscription plan, is ChatGPT Pro worth the $200 monthly fee?) The day after Christmas last year, a Chinese artificial intelligence laboratory based in Hangzhou, DeepSeek, launched a free open-source large language model, DeepSeek-V3, which shocked the global tech community, going viral overnight and becoming a recent market focus. Why has DeepSeek raised concerns among Silicon Valley AI giants like Microsoft and Meta? Simply put, it reportedly cost less than $6 million, utilized Nvidia's lower-performance H800 chips, and took only 2 months to successfully create the DeepSeek-V3 model, which rivals or even surpasses the most powerful models available in the U.S. market. DeepSeek spent only $5.6 million to surpass ChatGPT and Llama models. According to CNBC, in a set of third-party benchmark tests, DeepSeek's model outperformed OpenAI's GPT-4o, Meta's Llama 3.1, and Anthropic's Claude Sonnet 3.5 in accuracy, solving complex problems, mathematics, and coding. Less than a month later, on January 20, DeepSeek's latest inference model, 'DeepSeek-R1', also outperformed OpenAI's latest o1 model in many third-party tests. The well-known AI system ranking website Chatbot Arena shows that 'DeepSeek-R1' ranks third overall and is tied with OpenAI's top inference model o1 in the Style Control model category; DeepSeek-V3 ranks eighth overall, leads in open-source models, and is the most cost-effective model among the top ten. DeepSeek-V3 was built at a cost of less than $5.6 million, compared to the billions or even hundreds of billions of dollars spent annually by companies like OpenAI, Google, and Microsoft on training, marking a significant breakthrough in cost-effectiveness and triggering panic among Silicon Valley AI companies. U.S. tech stocks are under pressure, with Nvidia falling over 3% on Friday. DeepSeek has also sounded the alarm: is the U.S. losing its global leading position in AI to China's rapid rise, raising questions about the massive spending by large tech companies on building AI models and data centers? Some in the market even attributed Nvidia's 3.12% stock price drop last Friday to DeepSeek's viral success, believing DeepSeek poses the greatest threat to U.S. stocks. Bloomberg reported today that DeepSeek has sparked doubts about America's technology dominance, leading U.S. stock index futures to plunge in early Asian trading on Monday. Related reading: OpenAI, SoftBank, and Oracle launch the largest AI infrastructure plan in history, the 'Stargate Project': investing $500 billion to build data centers in the U.S. DeepSeek has caused internal panic at Meta, with Zuckerberg warning that the AI gap between the U.S. and China is very small (according to reports, DeepSeek's rapid progress has put Meta's AI team into panic mode, fearing that the next version of Meta's flagship Llama model may not be able to compete with DeepSeek, falling behind in the AI race. There are even reports that Meta has established four war rooms to study how DeepSeek operates. Researchers from other top AI companies like OpenAI are also analyzing DeepSeek's model, hoping to find lessons in cost efficiency. Meta CEO Zuckerberg has publicly named DeepSeek as a very advanced model, stating, 'The AI race is a global geopolitical war, and the gap between the U.S. and China is now very small,' calling on the U.S. government to support American companies and not take their current lead for granted. Microsoft CEO Satya Nadella has also expressed his admiration for DeepSeek's new model, praising them for effectively completing an open-source model, performing inference time calculations, and achieving supercomputing efficiency, saying, 'We should take China's developments very seriously.' Midjourney founder praises DeepSeek's strong bilingual capabilities. The founder of the AI drawing tool Midjourney recently praised DeepSeek's excellent Chinese and English capabilities after testing, pointing out in a tweet yesterday that DeepSeek outperformed Western models in ancient Chinese philosophy and literature, and its grasp of English is much stronger than his firsthand Chinese materials. It feels like a cross-generational exchange of literature/history/philosophy knowledge that I had never encountered before, which is quite moving and makes sense. Western labs do not care about training on Chinese data (but Chinese labs train on both). Remember, China has thousands of years of literary history compared to the West (as we have lost most of the Roman/Greek/Egyptian literature, while China has preserved theirs). Essentially, our models lack the literary foundation of Western thought, but Chinese models remain intact. This could be both a 'data advantage' and an advantage in spiritual and philosophical self-actualization that is less obvious. Notably, DeepSeek is rapidly attracting a large number of users, with its app topping the free download charts in the Apple App Store in both the U.S. and China, surpassing ChatGPT in the U.S., marking a significant achievement and becoming another phenomenon from China that has exploded in the U.S. after TikTok. DEEPSEEK OVERTAKES CHATGPT IN APP STORE RANKINGS IN THE U.S. Chinese AI platform DeepSeek has reportedly surpassed OpenAI’s ChatGPT on Apple’s App Store rankings just a week after launch. Developed by Hangzhou-based DeepSeek, the platform offers advanced reasoning...

Changpeng Zhao (CZ), the founder of Binance, suggested today that the best investment strategy is to "stick to the fundamentals." He also said in the latest interview that this year will be a very good year. Whether it is an investor or an entrepreneur, the entire industry will In the rising period. "Don't be anxious, everyone, and do your own thing steadily." (Preliminary summary: Zhao Changpeng self-assessed that "studying Bitcoin was a mistake" in 2014: this strategy is not recommended) (Background supplement: What CZ is doing after being released from prison What? The interview reveals: Giggle Academy, an education platform, invests in AI, biotechnology) Binance founder Changpeng Zhao (CZ) tweeted on the X platform today (27th) that the best investment strategy is to "stick to the fundamentals." Stick to the fundamentals and time will be on your side. There may be many "opportunities" or "quick returns" in hot markets, but the best strategy is to stick to the fundamentals. CZ also responded to the community that he does not know how to do technical analysis, which is one of the things he knows he "doesn't know". He also revealed that the first time he bought Bitcoin was in early 2014, when the price of BTC was about $600. Previously, CZ had shared his experience of bargain hunting. He said that his bargain hunting of Bitcoin at the beginning of the bear market in 2014 was a wrong strategy. Although the outcome was not bad, it is not recommended. Stick with fundamentals. Time will be on your side. A hot market may have many "opportunities" or "quick returns." But it is best to stick with fundamentals. — CZ BNB (@cz_binance) January 26, 2025 CZ：2025 YES It’s been a very good year, remember to play it steady. It’s worth noting that in the latest interview released by Wu Shuo Blockchain today, CZ expressed optimism about the prospects of the cryptocurrency industry this year, and suggested during the Lunar New Year that everyone “should adopt the correct approach.” mentality and be patient in looking at this industry, technology and industrial development." Whether you are an investor or an entrepreneur, the entire industry is on the rise. Although there is not obvious progress every day, from a monthly or annual perspective, the situation is very positive. Don't be anxious, everyone. Whether you are starting a business, issuing coins, or investing, you must do your own thing steadily and steadily. I think this year is going to be a very good year. Bitcoin bull cycle peak? CZ also responded to the issue of Bitcoin price in an exclusive interview. Although he said that he really couldn’t say, he felt that Bitcoin’s current wave should not have reached its peak yet. Now that Trump has just taken office, a series of new measures such as new US compliance provisions have not yet been introduced. I think there should be a lot of positive developments in the future. I have always been bullish on the industry as a whole, and I have remained optimistic even in the worst bear markets, as well as in bull markets. So I have always been optimistic, but my view may not be completely accurate. In addition, CZ also shared his views on the difficulties of centralized exchanges, regulation in the United States and Hong Kong, why Sloana broke out, the meme currency craze, and the recent difficulties of Ethereum and Vitalik. The on-chain economy is active, but centralized exchanges are in trouble? Wu Shuo mentioned that in the past year, the on-chain economy has been very active, and many people can get the lowest price on the chain. The listing of currency on the exchange has become a signal that the price has peaked, which is in sharp contrast to the early days. The exchange does not seem to be very Be aware of how to respond to this trend and ask CZ for his opinion on the matter. CZ believes that there are at least two reasons for this: On the one hand, from the perspective of large exchanges, in order to avoid excessive price fluctuations, only coins with larger market capitalization can be selected. This is a natural limitation of large exchanges. . However, big exchanges can also set up innovation zones or support these small coins in Web3 wallets. There are still solutions, but personally, I don’t think Binance has done a particularly good job in this regard. Memecoins, on the other hand, have been hot over the past year. Basically, major exchanges have not grasped this opportunity. Instead, it is easier to participate on the chain, especially on the Solana chain. There are some statements here, I am not sure whether they are true or false. Solana used to have close ties with FTX. After FTX collapsed, many people on Solana lost a lot of money and lost the support of the exchange, so they chose to pump and dump. It would be inappropriate to do this on Binance Chain, as it is both ethically and legally problematic. Support Meme Coin In addition, CZ also mentioned that in the past few years, the U.S. SEC has basically recognized various currencies as securities, and the only thing that can be clearly not recognized as a security is the MEME currency that has no practical use, so MEME currency is not very It is easy to be accused because it has no other practical utility or promise and is just suitable for pulling and destroying the market. It also has no close cooperation with the exchange and is decentralized, so it is very popular on Solana. It's like we got lucky and caught up with the timing in 2017, the past year or two has been timing for MEME coins. I think it's quite interesting and I don't judge it as good or bad. Since the industry is developing in this direction, as a Binance shareholder, industry KOL or OG, I will support anything that is conducive to industry development, so I also encourage everyone to support MEME coins. Extended reading: Is there any drama? Changpeng Zhao rarely shared how to issue meme coins on the BNB chain, but reiterated that he has never bought Memecoin. He is optimistic about the implementation of positive supervision in the United States and will not take the path of suppression. When talking about the prospect of supervision, CZ pointed out that as long as the platform develops to a certain scale, compliance is a must. road. I think regulation will be improved sooner or later, especially since the United States has become very supportive of digital currencies. I think the United States will introduce a series of very positive regulatory provisions for the digital currency industry. The regulatory provisions proposed by the new US Securities Regulatory Commission are very clear and much more positive than before. In this way, the overall supervision environment will become better and the supervision framework will be more complete. Platforms that have obtained licenses and meet regulatory requirements have a better chance of developing and growing. CZ also believes that if there is another political change in the United States in four years, it is unlikely to return to the previous repressive attitude. The previous faction believed that suppressing digital currency could gain more support, but the current election results show that this perception is wrong. Therefore, I think that digital currency will develop further in the next four years, and the possibility of returning to the previous suppressive attitude after four years is very small. CZ said that the United States now has a positive attitude towards digital currency, which is a very good thing for the entire industry. All countries are now actively promoting blockchain regulatory provisions, and the provisions are becoming more and more friendly, which is very positive. He also hopes that Binance.US, which was previously downsized due to regulatory issues, can develop healthily in the United States and continue to grow with the benefit of the United States. Hong Kong will relax regulations under pressure from the United States. As a pilot area for Chinese supervision, CZ said that although Hong Kong's existing regulatory provisions are more restrictive, after recent exchanges with some senior figures in the Hong Kong regulatory authorities, he feels that Hong Kong is beginning to relax. Regulatory trends. Now that the United States has made progress in digital currency regulation, Hong Kong must not lag behind. I think Hong Kong will make major positive adjustments soon. Adjustments to supervision policies require...

BitMEX co-founder Arthur Hayes stated today that the market will experience a collapse in the first quarter of 2025. He predicts that BTC will significantly pull back to $70,000 to $75,000, triggering a mini financial crisis. (Background: Bitcoin fell below $101,000 '190,000 people liquidated $520 million', experts: market polarization intensifies, retail funds are selling off) (Additional background: Shen Yu predicts opportunities in the crypto space over the next 18 months: U.S. BTC reserves land, three turning points for Ethereum, Solana ETF approval...) BitMEX founder Arthur Hayes wrote on the X platform today (27) predicting Bitcoin's trend. As Bitcoin fell below $101,000 on Monday morning, he warned that Bitcoin could plummet to the $70,000 to $75,000 range in the short term, during which a mini financial crisis could occur. Hayes hinted in his tweet that Bitcoin's price might soon see a significant correction but still insists that he believes Bitcoin will reach $250,000 by the end of the year. (The Ugly) (The article on the market collapse in Q1 2025) will be published tomorrow morning. I expect $BTC to correct to $70,000 to $75,000, triggering a mini financial crisis. (The U.S.) will resume money printing, which will drive Bitcoin to soar to $250,000 by the end of the year. Reversing the order of my tryptic essay series. The Ugly will be published tomorrow morning. I am calling for a $70k to $75k correction in $BTC, a mini financial crisis, and a resumption of money printing that will send us to $250k by the end of the year. pic.twitter.com/wohvbKkXOf — Arthur Hayes (@CryptoHayes) January 27, 2025 Bitcoin may peak in March It is worth noting that earlier this month, Arthur Hayes wrote an analysis of the impact of dollar liquidity on Bitcoin prices. He stated that although Trump's policies may disappoint the market, the U.S. Federal Reserve (Fed) and the Treasury will inject $612 billion into dollar liquidity in the first quarter, and liquidity remains quite aggressive, bringing positive momentum to the crypto market. However, Arthur Hayes also mentioned that the crypto market's boom may peak at the end of March, as this is the last stage of liquidity injection. Following that, as debt ceiling negotiations progress and the tax season approaches, market liquidity will tighten further, similar to the trends of March and April 2024. Therefore, he suggests gradually selling assets and resting before the end of March, waiting for liquidity conditions to improve in the third quarter. Extended reading: Arthur Hayes: Bitcoin is expected to 'peak in March', suggesting to sell and wait until Q3, has laid out seven major tokens in the DeSci field. Unlimited QE was initiated during Trump’s presidency, with Bitcoin looking at $1 million. Additionally, Arthur Hayes has repeatedly reaffirmed his belief that Bitcoin will rise to $250,000 by the end of 2025 and reach $1 million during Trump's presidency. Although he is skeptical that Trump will fulfill his promise to establish a Bitcoin strategic reserve, he expects the Trump administration to strengthen fiscal intervention, pursue a 'weaken the dollar' policy, promote the return of U.S. manufacturing, and economic growth. The Republican Party will also subsidize companies through measures similar to Biden's government (chip legislation), leading to a surge in bank credit growth. In Arthur Hayes' view, when credit growth reaches a certain level, the Fed may relax the Supplementary Leverage Ratio (SLR) regulations, initiating unlimited quantitative easing, which would provide strong support for safe-haven assets, including Bitcoin. Moreover, the U.S. needs to invest huge amounts of money to narrow the wealth gap, increase defense and healthcare spending, and provide financing for the return of manufacturing, with estimated costs amounting to trillions of dollars. Against this backdrop, credit expansion and inflationary pressure will drive demand for fixed-supply assets like Bitcoin, which could bring about a bull market similar to that of 2020 to 2021, or even stronger performance, ultimately pushing Bitcoin to a historical high of $1 million. Related reports: Arthur Hayes: Bull markets must remain rational and cash out in a timely manner, Bitcoin expected to reach $250,000 by the end of next year. Arthur Hayes: Bitcoin will reach $250,000 by the end of 2025! Dogecoin expected to reach $1. Arthur Hayes' new perspective: Trump's administration will initiate unlimited QE, Bitcoin is expected to reach $1 million. "Arthur Hayes warns: Bitcoin could plummet to $70,000, possibly triggering a mini financial crisis". This article was first published in BlockTempo (the most influential blockchain news media).

Bitcoin plunged to a morning low of $100,853, leading to a total liquidation amount of over $521 million across the cryptocurrency market in the past 24 hours, with more than 188,000 people liquidated. (Background: Is MicroStrategy forced to sell BTC? The Wall Street Journal: MicroStrategy's unrealized Bitcoin gains are tax liabilities amounting to billions of dollars) (Supplementary background: Will Bitcoin have a 'red envelope market' during the Spring Festival? Reviewing the past 10 years of data tells you) Bitcoin hovered around the $105,000 range on Sunday, but after a wave of selling pressure emerged after 2 AM today (27), it plummeted to a low of $100,853, with a drop of over 4.1% during that period. As of this writing, it is temporarily reported at $101,128, with a decline of over 3.3% in the past 24 hours. BTC price situation. Source: OKX Ethereum also dropped sharply from $3,342 to $3,188 this morning, with a decline of up to 4.6%, currently reported at $3,208, down over 3.7% in the past 24 hours. ETH price situation. Source: OKX In the past 24 hours, the liquidation amount was $450 million Following a sharp drop in Bitcoin on Monday morning, data from Coinglass shows that in the past 24 hours, the total liquidation amount across the cryptocurrency market reached $521 million, with $474 million from long positions accounting for the vast majority, while short positions liquidated over $47 million, affecting more than 188,000 people. What is the key short-term support level for BTC? Bitcoin rebounded earlier at $101,156, and if it does not hold this level, it may further decline to the $97,000 level. CryptoQuant writer Yonsei Den analyzed yesterday that $89,900 is the key support level for the mid-short term. Analysis of the realized price for STH (short-term holders) indicates that the weighted average for short-term holders holding Bitcoin for 1 week to 6 months is $89,900, which is the key support level for the mid-short term. Since the trading price of Bitcoin is above $100,000, most short-term holders can still make a profit, reducing the likelihood of significant sell-off pressure. He further explained that although holders from 3 months to 6 months are currently in a loss state, this group's realized market value share only accounts for 9.4%, minimizing potential impacts on the broader market. This suggests that even in the case of a short-term pullback, $89,000 may be a stable support level. As volatility continues to compress, the $89,000 level is becoming increasingly critical. Any significant price movement starting from here is worth close attention, especially considering the importance of this level as a technical and on-chain support area. Source: CryptoQuant @Yonsei_dent Analysis: Large funds are aggressively buying Bitcoin, market differentiation intensifies Notably, trader HODL15Capital shared a chart last night and analyzed that there has been a significant trend of capital differentiation in the Bitcoin market over the past year. Small investors continue to net sell Bitcoin, while large fund players like ETFs and MicroStrategy have been major net buyers in the market, not only absorbing 100% of all sold Bitcoin but also purchasing all newly mined Bitcoin. This trend may indicate that while there is divergence in the Bitcoin market, overall, large institutions have high confidence in the long-term value of Bitcoin and will continue to buy the dip, which provides long-term support for Bitcoin, but the capital structure is different from before. The current situation of small investors selling and large investors absorbing is expected to significantly intensify the concentration of market funds towards large players like institutions. Related reports Greenlight Capital warns: Cryptocurrency speculation bubble will burst 'Shorting MicroStrategy', US Bitcoin reserves hard to realize BlackRock CEO: Bitcoin is a safe-haven asset for global pessimism, institutional investment accelerates towards $700,000 Trend Weekly) Trump triggers meme coin storm, Bank of Japan raises interest rates, US Bitcoin strategic reserve rumors..."Bitcoin falls below $101,000 '190,000 people liquidated $520 million', experts: market differentiation intensifies, retail funds are selling" This article was first published in BlockTempo (Trend Block - the most influential blockchain news media).

The founder of f2pool and cryptocurrency custody company Cobo, Discus Fish, shared on Twitter today about the challenges and opportunities in the cryptocurrency space over the next 18 months. He outlined the potential turning points and breakthroughs for Bitcoin and the two major ecosystems, Ethereum and Solana. (Background: Will there be a "red envelope market" for Bitcoin during the Spring Festival? Reviewing the past 10 years of data tells you) (Background Supplement: Stepping on Ethereum, supporting Solana! The founder of Multicoin: SOL is the winner in the capital market type blockchain) After Trump officially took office as President of the United States on January 20, he finally signed his first executive order supporting cryptocurrencies on Thursday (23), emphasizing that his government will promote the development and application of digital assets and blockchain technology, ensuring the United States' global leadership position in the digital asset economy. The signed executive order also includes: the establishment of a Presidential Digital Asset Market Working Group to assess the feasibility of establishing a national digital asset, prohibiting the implementation of central bank digital currency (CBDC), and abolishing old policies that hinder the development of digital assets... In response to Trump's executive order, not only industry leaders expressed their support, but investors also began to imagine what heights the future cryptocurrency space could reach with the strong support of the President of the United States. Discus Fish: Opportunities and Challenges in the Next 18 Months In this context, the founder of the world's largest mining pool f2pool and cryptocurrency custody company Cobo, Discus Fish, also shared on Twitter, believing that the cryptocurrency space will encounter the following opportunities and challenges in the next 18 months: First, regarding Bitcoin, Discus Fish believes there are two key drivers for BTC: MSTRs (companies that buy Bitcoin) are entering the market in large numbers, and BTC fund inflows are continuously strengthening. The implementation of the U.S. national reserve policy may lead other countries to follow suit. As for Ethereum, which is currently weak, Discus Fish believes the following three points will be important turning points for Ethereum: Approval of Staking ETF, acceleration of RWA on-chain, traditional financial assets embracing blockchain, and AI technology promoting ecological innovation. Currently, Solana, which is becoming a hot ecosystem in the market, Discus Fish believes the following three points are opportunities for further breakthroughs in that ecosystem: Approval of ETF, significant improvement in network scalability, and further expansion of AI application scenarios. Opportunities and Challenges in the Cryptocurrency Market in the Next 18 Months Key Drivers for Bitcoin (BTC): – MSTRs entering the market in large numbers, BTC fund inflows continuously strengthening – Implementation of the U.S. national reserve policy, other countries may follow suit Important Turning Points for Ethereum (ETH): – Approval of Staking ETF – Acceleration of RWA on-chain, traditional financial assets embracing blockchain – AI technology promoting ecological innovation Breakthrough Opportunities for Solana (SOL): -… — Discus Fish (@bitfish1) January 26, 2025 When will the U.S. 'Bitcoin Strategic Reserve' be implemented? Among the many expectations in the cryptocurrency community, the most anticipated is undoubtedly when the U.S. 'Bitcoin Strategic Reserve' will be implemented. According to previous reports from Dongqu, if Trump wants to implement the Bitcoin strategic reserve, he should immediately allow the cryptocurrency committee to conduct policy research and feasibility assessment after taking office, and then formally propose a plan. It can then proceed through two paths: Path One: Trump directly issues an executive order, as this can bypass the conservative and opposing resistance from the Federal Reserve and Congress, referring to the draft provided by the 'Bitcoin Policy Research Institute' and instructing the U.S. Treasury to use the Exchange Stabilization Fund (ESF) to directly allocate Bitcoin, which could be implemented as early as the second half of 2025. Path Two: If a more stable legislative path is taken, it will require a longer process. The bill after the policy research and feasibility assessment by the cryptocurrency committee needs to be submitted to Congress and reviewed by the Senate Banking Committee, then pass through the Senate, House of Representatives, and be signed by the President, before it can be officially completed. Although this path can lead to a lasting and stable bill, it will take a long time, and it may only be realized in the second half of 2026 to 2027. Related Reports 'Silk Road' Founder Shares Life in Prison: I Originally Wanted to Change the World with Bitcoin... Will there be a 'red envelope market' for Bitcoin during the Spring Festival? Reviewing the past 10 years of data tells you Will MicroStrategy be forced to sell BTC? Wall Street Journal: MicroStrategy's unrealized Bitcoin gains face taxes of up to billions of dollars 'Discus Fish Predicts Opportunities in the Cryptocurrency Space for the Next 18 Months: U.S. BTC Reserve Implementation, Three Turning Points for Ethereum, Solana ETF Approval...' This article was first published on Dongqu BlockTempo (Dongqu Dongqu - the most influential blockchain news media).

Pump.fun has generated over $470 million in total revenue in its first year. With the endorsement of the Trump couple, the Solana ecosystem has set a historical record this month, achieving a monthly trading volume of $22.887 billion, becoming the first blockchain to surpass $200 billion in monthly trading volume for a DEX. (Background: Is there a play? Zhao Changpeng rarely shares how to launch meme coins on the BNB chain but reiterates that he has never bought a Memecoin.) (Additional context: Vitalik comments on $TRUMP: Political meme coins are the perfect 'bribery tool' and may harm democracy; politicians should stop issuing them.) In this bull market, the established public chain Solana has become one of the best incubators for meme coins due to its low transaction fees and smooth trading experience. The token issuance platform Pump.fun has sensed investors' enthusiasm for meme coins and not only launched a 'one-click token issuance' feature but also allows users to issue meme coins for free, continuously igniting the nationwide token issuance craze in the Solana ecosystem. Pump.fun has accumulated over $470 million in revenue and issued more than 6.69 million tokens. In this era where everyone can issue tokens, Pump.fun is undoubtedly the platform of choice for users to quickly issue and trade tokens. As a result, its fee income collected during the meme craze has been astonishing. According to Dune data, Pump.fun's total revenue for the year reaches $471 million, with the number of tokens issued reaching 6,693,491. (Pump.fun launched in January 2024.) Additionally, according to DeFillama data, Pump.fun ranks sixth in annual revenue among various public chains and protocols, following Tether, Ethereum, Circle, Tron, and Solana. This demonstrates its ability to attract funds during the token issuance craze. Solana becomes the first blockchain with a DEX monthly trading volume exceeding $200 billion. In this meme craze surrounding Solana, U.S. President Trump personally participated. After he launched his official meme coin $TRUMP on the Solana chain on the 18th of this month, it quickly generated strong market response, with his wife Melania Trump also joining in issuing tokens. Influenced by the Trump couple's token issuance, the DEX trading volume in the Solana ecosystem achieved a historical record this month. According to DeFillama data, Solana's DEX trading volume this month reached $22.887 billion, making it the first blockchain to surpass $200 billion in monthly trading volume for a DEX. The Trump meme coin becomes an opportunity for Web3 to break into mainstream adoption. Following the token issuance incident involving the presidential couple, Blockworks co-founder Jason Yanowitz was amazed to find that it was a historic breakthrough. He cited Chainalysis data indicating that 50% of $TRUMP and $MELANIA holders had never purchased Solana altcoins before; additionally, 47% of buyers created their wallets on the same day they purchased the tokens; 83% of holders own SOL assets worth less than $1,000. Wild stats: 50% of TRUMP/MELANIA holders had never bought a Solana altcoin before. 47% of buyers created their wallets the same day they purchased the tokens. 83% of holders own sub $1k of SOL assets. This really was a historic retail onboarding event. Credit: @chainalysis pic.twitter.com/a4CvCTPoYi — Yano (@JasonYanowitz) January 23, 2025 Related reports: The storm of Trump issuing meme coins, the Bank of Japan's interest rate hike, whispers of U.S. Bitcoin strategic reserves. Sun Yuchen fully leverages the Trump effect: lavishly investing $75 million in WLFI, entering the U.S. cryptocurrency empire. Major benefits for XRP and ADA? Trump's son: U.S. crypto projects will enjoy '0 capital gains tax,' what do experts think? "How crazy is the meme coin phenomenon? Pump.fun's annual revenue exceeds $470 million, averaging over 18,000 new Memecoins born daily." This article was first published in BlockTempo (the most influential blockchain news media).

According to YouTuber CryptoWendyO, who has 233,000 followers, Eric Trump, the second son of Trump, recently confirmed that some American domestic crypto projects (XRP, HBAR...) will enjoy zero capital gains tax in the future; in contrast, non-U.S. projects will face a 30% tax rate, sparking widespread discussion in the community. (Background: The IRS has begun to include cryptocurrency trading in tax reporting, leading to a harsh comparison of how 'Taiwan's tax regulations' are so ineffective?) (Supplementary background: A review of global private placement crypto funds: data overview, regulatory situation, and tax handling?) The IRS introduced a draft tax system for cryptocurrencies at the end of June last year, primarily focusing on reporting and clear requirements for crypto brokers (DEX, custodians), and mandated that they provide third-party forms (1099-DA) to the public. This means that many American citizens will face their first cryptocurrency tax payments this year. Reports indicate that Eric Trump confirmed that domestic projects in the U.S. will enjoy zero capital gains tax. Against this backdrop, CryptoWendyO, a crypto YouTuber with 233,000 followers, released a video stating that Eric Trump has recently confirmed that some American domestic crypto projects (XRP, HBAR...) will enjoy zero capital gains tax in the future; in contrast, non-U.S. projects will face a 30% tax rate, causing widespread discussion in the community. The video also mentioned that U.S. Senator Ted Cruz plans to introduce a congressional review bill next week to overturn the IRS's controversial tax regulations, which require certain DeFi intermediaries to report total earnings to the IRS and provide user data, including names and addresses, similar to the 1099 forms submitted by traditional securities brokers, a requirement that has left many industry professionals dissatisfied. However, the community seems skeptical of this video, with many netizens stating that Eric Trump is not in Congress and cannot 'confirm' anything. Satoshi Action Fund founder: Eliminating capital gains tax is unlikely to be achieved in the short term. However, regarding the community's hopes for the cancellation of capital gains tax, Satoshi Action Fund founder Dennis Porter dampens expectations, stating that completely eliminating cryptocurrency capital gains tax is difficult to achieve in the short term. Besides needing Congress to pass a bill, the main obstacle is that it would lead to a significant loss in government tax revenue. Currently, the government's top priority is to continue the tax reduction policies from the Trump era. Any measures that could threaten these tax reduction policies will inevitably be shelved. However, Porter also suggested a crypto tax law that the current government could implement; nonetheless, we can still make meaningful progress. I strongly recommend that the Bitcoin and digital asset industry focus on advocating for a $200 tax exemption on Bitcoin and other digital asset transactions. This proposal aligns with the existing $200 tax exemption for foreign currency transactions and is a more achievable and reasonable goal, with minimal impact on Trump's continuation of tax reduction policies. Americans who rely on Bitcoin and digital assets for their livelihoods should not have to file tax returns for small transactions such as purchasing coffee, meals, or groceries. This is an overly burdensome task, and it is time to push for tax law simplification. POLITICAL REALITY: Removing capital gains on crypto entirely would require an act of Congress and is highly unlikely in the near term. The primary obstacle is the significant loss in tax revenue, making such a proposal difficult to include in the upcoming tax bill. Right... — Dennis Porter (@Dennis_Porter_) January 26, 2025. Comparison of Crypto Tax Systems in Various Countries. On the other hand, in the context of the U.S. cryptocurrency tax system already in place, what progress has been made in other countries regarding crypto tax regulations? The following summarizes the tax system progress in Japan, South Korea, and Taiwan: Japan: Considering a 20% unified tax rate for digital assets. According to previous reports, Japan's current tax policy on cryptocurrencies relies on vague and fluctuating 'miscellaneous taxes,' which could impose tax rates as high as 55% on cryptocurrency transactions. The opposition party is calling for a 20% unified tax rate on digital assets, along with various other tax reduction measures. South Korea: The plan to impose a 20% capital gains tax on cryptocurrency profits has been postponed to 2027. Reports indicate that South Korea's plan to impose a 20% capital gains tax on cryptocurrency profits, initially set to take effect on January 1, 2022, has been delayed until January 1, 2025, due to strong opposition from cryptocurrency investors and industry experts. However, the ruling party, the Democratic Party, announced a change in stance last December and decided to postpone the plan again until 2027, agreeing to delay its implementation by another two years. Taiwan: Following existing income tax laws. Compared to the progress of crypto tax systems in other countries, Taiwan's approach to taxing cryptocurrencies differs from international trends. Taiwan has not regulated through separate legislation (special laws), but rather extends the application according to existing laws (income tax law) and (basic income tax regulations), and further clarifies through administrative interpretation. However, Taiwan has yet to establish a unified regulatory authority to determine the nature of various tokens (e.g., NFTs, STO tokens, stablecoins, etc.), which could lead to tax base disputes regarding tax enforcement and the determination of whether they possess securities characteristics. Related Reports: TRX enters Trump's crypto plan WLFI becomes 'the only Chinese project,' will the U.S. welcome Asian-friendly regulations? Aiming at Trump? New York Financial Bureau warns: Memecoins carry high fraud risk, do not fall into speculative traps. (Blockchain Weekly) Trump sparks meme coin storm, Bank of Japan raises interest rates, U.S. Bitcoin strategic reserves are afoot. "Is this good news for XRP? Eric Trump's confirmation that U.S. crypto projects will enjoy '0 capital gains tax,' what do experts think?" This article was first published by BlockTempo (Blockchain Trend - the most influential blockchain news media).

Base chain renowned AI Agent platform Virtuals Protocol announced its expansion to the Solana chain, launching five major initiatives including the Meteora Pool, strategic SOL reserves, and a funding program of 42,000 $VIRTUAL tokens. (Background: Co-founder of Virtuals Protocol: Our success is not just luck, but extensive exploration in the AI field) (Context: Founder of Multicoin: Ethereum brought me into the space eight years ago, but the foundation's neglect has caused users to lose confidence) In this bull market, the public chain Solana, with its advantages of fast transaction speed and low gas fees, has captured the majority of traffic during the meme season and has also taken the lead in the upcoming AI wave, sharing narrative dividends with Ethereum’s Layer 2 Base chain. In these two major ecosystems, Solana is known for its broad narratives and rapid iterations, with popular projects including GOAT, ARC, Ai16z, Buzz, and many other promising AI projects. In contrast, the Base chain revolves around the AI Agent platform Virtuals Protocol, incubating many well-known projects including AIXBT, GAME, Vader, and Luna. Virtuals Protocol announced its expansion to the Solana chain. Just yesterday, Virtuals Protocol posted an announcement that it will expand its ecosystem to the Solana chain, stating that the following plans will be launched on Solana: Meteora Pool Launch: We will launch a dedicated Meteora Pool on Solana to open up new opportunities for trading and interaction. Strategic SOL Reserve (SSR): 1% of transaction fees will be converted into SOL to establish a dedicated reserve pool to support and reward agents and creators in the ecosystem. Consistent Trading Pairs: The AGENT/VIRTUAL trading pair will remain consistent on Solana to ensure users have a smooth experience. 42,000 $VIRTUAL Funding Program: This program is designed for early-stage projects based on Base and Solana to help entrepreneurs get started and expand their ideas. Virtuals AI Hackathon: The Virtuals AI Hackathon will be held this March, with technical support and mentorship from the Solana Foundation. The Base chain, being one of the most popular Ethereum L2 solutions, now chooses to expand to Solana. While it can be understood as an attempt to broaden its influence, it also equates to a subtle jab at Ethereum, causing an already sluggish community to feel the trend of Ethereum’s gradual decline even more acutely. (Base chain uses ETH as network transaction fees) Virtuals is Expanding to @solana! We are beyond excited to announce Virtuals' expansion to Solana, marking a significant step in our journey to empower builders and drive innovation across multiple ecosystems. Solana, known for its speed, scalability, and vibrant community, is… pic.twitter.com/7CGq3rLQwa — Virtuals Protocol (@virtuals_io) January 25, 2025 Will Ethereum be replaced by Solana? According to previous reports from Dong District, Ethereum core developer and co-author of EIP 1559 Eric Conner tweeted on the 21st announcing his exit from the Ethereum community. Additionally, perhaps unable to bear seeing the Ethereum ecosystem dragged down by the Ethereum Foundation, Lido co-founder Konstantin Lomashuk supported the creation of an account called Second Foundation (Ethereum Second Foundation) on X, but he also stated that the Second Foundation has not yet been officially established: In fact, the Second Foundation has not yet been established. Ethereum is the ultimate world computer, and every Ethereum enthusiast can help it grow, evolve, and succeed. If a second foundation is truly established, it must have a clear objective to complement the significant work of current contributors. Various FUD events surrounding Ethereum recently erupted, and although the Ethereum Foundation has also recognized the need for reform, it seems unable to quell the anger of the community. In contrast, the Solana ecosystem has seen significant growth in meme coins and DeFi, attracting more users into the Solana ecosystem under the Trump administration's hinted support (with $TRUMP issuing on Solana). Whether this signals that Solana is about to replace Ethereum as the leading public chain is something we will need to continue to monitor.

According to the Wall Street Journal, under the CAMT provisions of the Inflation Reduction Act passed during Biden's tenure, the U.S. Bitcoin holding giant MicroStrategy must pay 15% tax on the unrealized gains from its Bitcoin purchases ($18.94 billion), or it may force the company to sell part of its Bitcoin holdings. (Background: Greenlight Capital warns: the cryptocurrency speculative bubble will burst "has shorted MicroStrategy", making it difficult for U.S. Bitcoin reserves to realize gains) (Additional context: MicroStrategy will vote on 'stock issuance' on January 21 to pave the way for raising $42 billion to buy BTC) MicroStrategy, the Bitcoin holding giant among U.S. publicly traded companies, has become a well-known 'Bitcoin stock' on Wall Street with its possession of hundreds of thousands of Bitcoins. According to the latest statistics from bitcointreasuries, MicroStrategy's Bitcoin holdings have reached 461,000 BTC, with a total value of $48.26 billion and a total purchase cost of approximately $29.32 billion, leading to an account float gain of up to $18.94 billion. MicroStrategy faces billions of dollars in tax issues. However, according to an earlier report by the Wall Street Journal, MicroStrategy may owe billions in taxes on the unrealized gains from its Bitcoin purchases ($18.94 billion). Under the corporate alternative minimum tax (CAMT) provisions of the Inflation Reduction Act, which was fully passed by Biden in 2022, companies with adjusted financial statement income (AFSI) exceeding $1 billion within three years are required to pay a 15% minimum tax on those gains. According to current regulations, the IRS provides tax exemption provisions for unrealized gains on securities (such as common stocks). However, the IRS has not extended such exemptions to include cryptocurrencies like Bitcoin. Therefore, under current regulations, MicroStrategy's unrealized gains from Bitcoin are still subject to taxation. In the face of potential huge tax liabilities, MicroStrategy and Coinbase have submitted petitions to the U.S. Treasury and IRS, requesting that unrealized crypto gains be excluded from the CAMT-adjusted financial income calculations. The two companies stated in their petition that such measures are necessary to 'avoid severe unintended consequences for U.S. companies holding large amounts of cryptocurrency.' MicroStrategy may be forced to sell Bitcoin; will Trump amend the law? The article further points out that if the IRS does not amend the current regulations and continues to apply the CAMT provisions, the billions of dollars in taxes that MicroStrategy may owe could force the company to sell some of its Bitcoin. However, tax analyst Robert Willens commented that after Trump took office, the IRS might implement regulations favorable to MicroStrategy, but whether the regulations can be successfully amended remains uncertain: If the Biden administration is still in power, they may not grant tax exemptions. It is not difficult to include cryptocurrencies in the same tax-exempt category as stocks, as there is no substantial difference in accounting. As of now, Trump continues to cut, dismiss, and fire certain government officials, and has not hesitated to overturn some of Biden's executive orders. Given Trump's support for the cryptocurrency sector, this unfavorable tax provision for the development of the crypto market may hope to be amended by Trump. Related reports TRX enters Trump's crypto plan WLFI becomes 'the only Chinese project', will the U.S. welcome Asian-friendly regulations? (Blockchain Weekly) Trump triggers meme coin storm, Japan's central bank raises interest rates, U.S. Bitcoin strategic reserves face challenges... Sun Yuchen exploits the Trump effect: invests $75 million in WLFI, entering the U.S. cryptocurrency empire 'Will MicroStrategy be forced to sell BTC? Wall Street Journal: The tax on unrealized Bitcoin gains reaches billions of dollars, can Trump's exemption be key' This article was first published on BlockTempo (the most influential blockchain news media).

Bloomberg reported yesterday, citing informed sources, that the DOGE led by Musk has begun discussions on the feasibility of using blockchain, and there are indications that DOGE personnel have met with representatives from several public chain projects to assess the technical applicability. Although it is still unclear which blockchain technology DOGE will adopt, it is evident from Trump's related crypto layout that Ethereum and Solana have the best chance of being adopted. (Background: Musk downplayed the Stargate project, saying 'SoftBank doesn't have that much money,' to which Altman retorted: 'Bitter because you can't eat it.') (Background: Who will buy TikTok? Trump: Happy to see Musk or Oracle's founder acquire it.) After Trump officially took office as the President of the United States on January 20, the 'Department of Government Efficiency' (DOGE) led by Musk also officially became a reality. Recently, this newly formed organization has reportedly started discussing the feasibility of using blockchain technology to enhance government efficiency. Reports suggest that DOGE has been in contact with certain public chain projects. According to Bloomberg, Musk had proposed the idea of using distributed ledgers to reduce government operating costs. Although these discussions have not been made public, they indeed involve using blockchain technology to track federal expenditures, protect data, process payments, and even manage government buildings. Furthermore, there are reports indicating that DOGE personnel have met with representatives from several public chain projects to assess technical applicability. While it is currently unclear what type of blockchain technology the DOGE team may adopt, Trump's related crypto layout suggests that Ethereum, Solana, and TRX are likely candidates for adoption. However, in this era of competing blockchains, the community has also listed potential blockchain technologies that could be adopted, including Avalanche, Sui, and Ton. There are currently no further updates, but if this becomes a reality, the chosen public chain by this department may experience a wave of short-term surges. CZ: All governments should record expenditures on the blockchain. On the other hand, Binance founder Zhao Changpeng also commented on this matter yesterday (25th), stating: Here is a possibly unpopular opinion: All governments should track all their spending on the blockchain, which is an immutable public ledger. After all, it's called 'public spending' for a reason. Unpopular opinion: All governments should track all their spending on the blockchain, an immutable public ledger. It's called 'public spending' for a reason. — CZ BNB (@cz_binance) January 25, 2025. Chainlink community liaison Zach Rynes commented from another perspective, stating that it is unlikely that all departments of the U.S. government would use a single blockchain as a public ledger: Do you think the EPA (Environmental Protection Agency) and the FDA (Food and Drug Administration) would have the same ledger needs as the DoD (Department of Defense) and the DHS (Department of Homeland Security)? Obviously not. The U.S. government may ultimately use various private and public ledgers simultaneously for different purposes, such as increasing spending transparency or automating manual processes. He went on to say that what is certain at this point is that all these different public/private blockchain ledgers need to achieve communication and data sharing through cross-chain interoperability standards. Agencies need to be able to seamlessly connect their existing backend systems and infrastructure to the various public/private chains used by the government through an abstraction layer. Agencies that use blockchain to automate manual processes must be able to securely use oracles to access external data resources, thereby triggering smart contract functionality. Currently, only one unified platform can meet all these needs, including off-chain data access, cross-chain interoperability, and connectivity to traditional systems. Related Reports: Crazy! DOGE Efficiency Department collaborates with USUAL 'confirmed false news,' yet the price still surged 30% to a new high. a16z founder: DOGE will replace 'two months only to work 2 days' U.S. federal government employees, all to switch to physical work. Musk's government efficiency department website reveals a dogecoin avatar 'DOGE surged 12%,' is there an abuse of public power calling the shots? 'Musk calls for using blockchain to govern! Reports say the Department of Government Efficiency has contacted multiple public chains, CZ agrees: all expenditures should go on-chain.' This article was first published in BlockTempo (BlockTempo - the most influential blockchain news media).

Justin Sun, the founder of TRON, has undoubtedly become one of the big winners behind Trump's election as President of the United States. On January 20, during Trump's inauguration ceremony, the Trump family's cryptocurrency project WLFI announced the purchase of millions of dollars worth of TRON (TRX), and Sun has now added the title of 'Advisor to the Trump Family Cryptocurrency Project WLFI' to himself. (Background: Justin Sun: Ethereum Foundation lets me lead, ETH can break $4500 in a week, throwing out four major growth strategies) (Additional background: TRX enters the Trump crypto project WLFI as 'the only Chinese project'; will the U.S. welcome Asian-friendly regulation?) On January 20, 2025, the day Trump was inaugurated as President, his family's crypto project World Liberty Financial (abbreviated as 'WLFI') announced the purchase of cryptocurrencies worth over $100 million, including $47 million in wBTC and $4.7 million in TRX. Two days later, WLFI further increased its holdings by 10.81 million TRX, surpassing USDT to become one of the Top 5 assets held by WLFI. Behind these transactions is the deepening collaboration between Justin Sun and the Trump family. This has expanded Sun's influence beyond the realm of digital currency to multiple fields including politics, economics, and global markets. With his unique vision, sharp market sense, long-term layout, and strong strategic execution, Justin Sun is gradually realizing his grand blueprint to build a new global crypto order. New Crypto Title: Crypto OG x Crypto President x WLFI Advisor When we mention Justin Sun, we think of the founder of TRON, global advisor for Huobi HTX, wBTC advisor, and Prime Minister of the Liberland Republic. On November 26, 2024, Sun added another title behind his long list of titles: Advisor to the Trump Family Cryptocurrency Project WLFI. WLFI stated in an announcement: Sun's insights and experience will help us continue to innovate and develop. The day before this, Justin Sun invested $30 million in WLFI, becoming the project's largest investor. On January 19, 2025, Sun announced an additional investment of $45 million, bringing the total investment to $75 million. As mentioned at the beginning of this article, the Trump family is also continuously increasing their TRX holdings, indicating their confidence in the technological advantages and long-term market potential of TRON, further deepening their layout in the blockchain field. By partnering with TRON, the Trump family can not only share the wealth potential of the cryptocurrency market but also leverage this mature platform to promote the success of their own projects. The partnership creates a new normalization of win-win cooperation between the crypto industry and political figures, providing new momentum for promoting the broader application and development of crypto assets. Justin Sun's Crypto Landscape As the first crypto-friendly president of the United States, Trump has quickly begun to address issues related to loosening crypto regulatory policies. On January 21, Bitcoin Magazine CEO David Bailey revealed on the X platform that among the first 200 executive orders signed by Trump after taking office were orders related to cryptocurrency or Bitcoin. On the 22nd, Trump authorized the U.S. SEC to establish a 'Crypto Working Group,' led by 'Crypto Mom' Hester Peirce, 'dedicated to developing a comprehensive and clear regulatory framework for cryptocurrency assets.' These actions indicate that Trump is fulfilling his campaign promises and is likely to introduce more crypto-friendly policies in the future. In a more relaxed regulatory environment for cryptocurrency, Justin Sun's layout and innovative capabilities will be further unleashed. While further expanding his crypto landscape, as an advisor, Sun will also be able to provide the Trump family with more strategic insights about the crypto market, helping accelerate industry development and promote the overall improvement of the crypto ecosystem. No one understands the 'Trump Effect' better than Justin Sun Trump is not only the President of the United States but also the world's biggest internet celebrity, leading to the 'Trump Effect' becoming a popular economic concept—his election victory was marked by Bitcoin's wild performance, which is the best example. When it comes to grasping the 'Trump Effect,' there is likely no one who does it better than Justin Sun. On January 18, Trump announced via his social account the launch of his personal official meme coin TRUMP (OFFICIAL TRUMP). Huobi HTX acted quickly, being one of the earliest exchanges to list the coin. After being listed on Huobi HTX at 17:40, TRUMP's price surged by as much as 1,250%, and the news spread across social media, becoming a hot topic of discussion. According to CoinGecko data, TRUMP started trading at an opening price of $0.1824 and surged over 15,000% within 12 hours, peaking at $75.35, with a fully diluted market cap (FDV) close to $80 billion. On January 20, Trump's wife also announced the issuance of her personal meme coin $MELANIA. Huobi HTX again became one of the first exchanges to seize the opportunity, opening spot trading just four hours after the MELANIA token was issued. In less than two hours, MELANIA's market cap reached $6 billion, with a price increase of over 50%. These two instances of Huobi HTX's rapid capture of hot assets, coupled with Justin Sun's multiple collaborations with WLFI recently, have led to rumors that 'Justin Sun is the driving force behind Trump's coin issuance.' Even Justin Sun himself retweeted such rumors, indicating that he also wants to 'watch the drama.' Putting aside conspiracy theories, Huobi HTX has indeed shown sharp market insight. By being the first to list these emerging coins, it not only met users' investment needs and strengthened the wealth effect but also injected new vitality into the cryptocurrency market. Subsequently, the platform launched a series of major events, giving new users a chance to receive airdrops of TRUMP and WLFI tokens upon registration. As the Trump family gradually delves deeper into the crypto market, more innovative crypto projects and tokens may be introduced in the future. The involvement of Justin Sun and Huobi HTX clearly brings more opportunities to this emerging track. Besides Trump's official meme coin, another avenue that demonstrates Justin Sun's predictive ability regarding the 'Trump Effect' is AI. On January 21, Trump announced that SoftBank, OpenAI, and Oracle will jointly establish a new AI company called Stargate, a $500 billion project that will become 'the largest AI infrastructure project in history.' This news sent the crypto AI sector soaring, with tokens like ARC, PIPPIN, GRIFT, and SWARMS seeing increases of 110%, 121%, 90%, and 60%, respectively, over three days. These tokens can all be traded on Huobi HTX. As the trend of merging AI and cryptocurrency grows stronger, Huobi HTX is also accelerating its layout. From the AI meme leader GOAT to the creation of a 20-fold wealth miracle in a single day with ACTSOL, to the increasingly popular AI Agent project, Huobi HTX is focusing on quality assets in the AI track...