Odaily Planet Daily News Fox Business reporter Eleanor Terrett posted on the X platform: The U.S. Senate Banking, Housing and Urban Affairs Committee will hold a hearing at 10:00 AM EST on February 5 (23:00 Beijing time on February 5) on the theme of "Investigating the real impact of debanking on the United States." Witnesses include: • Nathan McCauley, co-founder and CEO of Anchorage Digital • Stephen Gannon, partner of Davis Wright Tremaine LLP • Mike Ring, president and CEO of Old Glory Bank • Aaron Klein, senior fellow in economic studies at the Brookings Institution This hearing will explore the impact of bank account closures and financial service restrictions on businesses and individuals, and study relevant policy responses.

Odaily Planet Daily News: Nasdaq-listed Bitcoin mining company Core Scientific released its production and operations update report for January 2025, which disclosed that mining output in January was 256 BTC, a decrease from the previous month's mining output of 291 BTC.

According to ShibDaily, users of Phantom and Trust Wallet have been exposed to a security vulnerability that results in unauthorized fund withdrawals when accessing adult websites through their wallet browsers. This exploit takes advantage of weaknesses in the browser functionality of these wallets. When users visit certain adult websites, malicious scripts are triggered, allowing cybercriminals to gain control over the wallet. Once access is obtained, digital assets are quickly transferred to the attacker's account, with no possibility of recovering the stolen funds. In a recent post on X, crypto advocate Dom Lucre highlighted the increasing security threat affecting crypto wallet browsers. He advised users to refrain from accessing adult content sites through their wallets, warning that such actions could lead to significant financial losses. Lucre emphasized that visiting these sites could result in funds being stolen almost instantly. Wallet browsers are integrated web browsers within cryptocurrency wallets that enable users to interact directly with decentralized applications (dApps), conduct transactions, and access web-based services without leaving the wallet interface. These browsers are designed to support activities such as decentralized finance (DeFi) trading, interacting with NFTs, or exploring blockchain-related websites. Popular wallets like Phantom and Trust Wallet include built-in browsers to enhance user experience within the decentralized ecosystem. Following the reports, some users on X expressed confusion over whether it was indeed possible to access adult content sites through wallet browsers. While these browsers are primarily intended for managing digital assets and accessing dApps, it is technically possible for users to access general websites, including adult content, through the wallet's browser feature. However, these wallet browsers lack the same level of security as mainstream browsers such as Chrome. Visiting high-risk sites, such as those hosting adult content, can expose users to hidden malware and phishing threats. As the situation develops, experts recommend that crypto wallet providers work toward improving security measures to prevent such exploits. It is crucial for users to stay informed about potential vulnerabilities and exercise caution, especially when interacting with decentralized applications or online platforms that may expose them to risks. Prioritizing security is essential to safeguarding crypto investments from emerging threats.

Odaily Planet Daily News Algorand Foundation called on Musk's Government Efficiency Department to adopt DOGE on its blockchain for government operations. The foundation emphasized that Algorand's technology can improve transparency, especially in tracking federal spending. In addition, the Algorand blockchain is built with quantum-resistant security, making it ideal for protecting sensitive government data and preventing tampering. Algorand is a continuous blockchain launched in 2019. Although its native token is a top 50 cryptocurrency by market capitalization, the network has been slow to adopt.

Recommended reading for this evening: 1. Vitalik's new article: To ensure the cumulative value of ETH, how will Ethereum L1 and L2 expand in the future? 2. Messari: A full overview of PayFi ecosystem projects; 3. The full text of Trump's Davos 2025 speech and a Q&A with financial giants;

Bybit has been fined $1.06M for PMLA non-compliance. India blocked Bybit sites pausing the exchange operations in the country. Bybit is seeking a VDASP license amid compliance confusion. India’s financial watchdog has levied a hefty fine of $1.06 million (9.27 crore rupees) on Bybit, one of the world’s largest crypto exchanges, for failing to adhere […] The post India’s financial regulator... source: https://coinjournal.net/news/indias-financial-regulator-fines-bybit-1m-compliance-status-unclear/

According to Odaily, Nasdaq-listed mining company Riot Platforms announced on the X platform that it produced 527 BTC in January. Despite the rising network difficulty, the company's production has increased for the second consecutive month. Riot Platforms currently holds 18,221 BTC.

Shiba Inu is seeing major outflow, but it might be early sign source: https://u.today/75-trillion-shiba-inu-shib-outflow-whats-happening

According to Odaily, Paxos has announced that it has received regulatory approval to complete the acquisition of Finnish electronic money institution Membrane Finance. While the specific financial details of the acquisition have not been disclosed, this move will enable Paxos to become a fully licensed Electronic Money Institution (EMI) in Finland and the European Union.

Odaily Planet Daily News: Paxos announced that it has obtained regulatory approval to complete the acquisition of Finnish electronic money institution Membrane Finance. The specific acquisition amount has not been disclosed. After the acquisition is completed, Paxos will become a fully licensed EMI (electronic money institution) in Finland and the European Union. This acquisition enables Paxos to expand its regulated platform to provide services to European customers in a safe and compliant manner. (crowdfundinsider)

Implications for crypto markets assessed source: https://u.today/fed-reserve-vice-chairs-statement-sparks-crypto-market-moves

Bitcoin’s sell-off may not be over yet, but does the data suggest the Bitcoin bull run may be over?

This article looks at Based Rollups — a proposed approach to building rollups that aims to mitigate issues with classic rollups such as sorter centralization, lifecycle risk, and censorship resistance.

India, a country that is well known for its hard stance and skepticism towards crypto, is facing pressure to also change its regulatory policy regarding crypto less they lose out.

Australia has banned the use of DeepSeek, a Chinese-developed AI chatbot, on government devices due to security concerns over privacy and malware risks. The decision follows similar actions by other countries and reflects growing caution about foreign technologies.

Americans love Shein, Temu, and AliExpress for two reasons: cheap prices and fast shopping. But Trump Tariff wars might just change that. Trump's tariff orders is going to reverse something called the de minimis exemption, which is a rule that allows international exporters to ship packages worth less than $800 inspection-and duty-free into the United States.

Google has removed its previous commitment not to use AI for weapons or surveillance from its updated AI principles. The company now emphasises AI's role in supporting national security, global growth, and collaboration with governments and organisations.

Last week, the U.S. stock market was hit by the DeepSeek chatbot, big tech company earnings and the Federal Reserve's interest rate meeting. Just when the stock market seemed to have weathered these storms safely, the tariff threat came.

Trump, artificial intelligence, foreseeable trade conflicts, unpredictable Web3 settlement, Golden Finance, Trump returns, eradicates ills, Ma Gong dog house, kills all sides.

Tether expands beyond stablecoins with Tether Data, an AI-powered SDK integrating a voice assistant, AI translator, and Bitcoin wallet assistant. Announced by CEO Paolo Ardoino, it runs on a Bare JavaScript runtime to enhance crypto transactions and accessibility.