South Korea approves Yoon Seok-yeol's detention order, a new era of US cryptocurrency has just begun

Headline

▌South Korean court approves detention order for Yoon Seok-yeol

In the early morning of the 19th local time, the Seoul Western District Court issued a detention order for President Yoon Seok-yeol. Yoon Seok-yeol became the first president in South Korea's constitutional history to be detained and investigated as a sitting president. The Seoul Western District Court pointed out that "the suspect is suspected of destroying evidence", so it issued a detention order for him. His detention can be up to 20 days.

▌White House Cryptocurrency Director-designate: A new era of cryptocurrency innovation in the United States has just begun

On January 18, David Sacks, the White House AI and cryptocurrency director appointed by Trump, said that the reign of terror against cryptocurrency has ended and a new era of cryptocurrency innovation in the United States has just begun.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $104,413, with a daily increase or decrease of +0.1%;

ETH's latest transaction price is $3,345.10, with a daily increase or decrease of -3.4%;

BNB's latest transaction price is $712.18, with a daily increase or decrease of +0.8%；

SOL's latest transaction price is 254.72 US dollars, with a daily increase or decrease of +16.2%；

DOGE's latest transaction price is 0.401 yuan, with a daily increase or decrease of -6.1%；

XPR's latest transaction price is 3.24 US dollars, with a daily increase or decrease of -3.6%.

Policy

▌Texas Senator Plans to Challenge IRS Crypto Tax Regulations

According to News.bitcoin, Republican Senator Ted Cruz from Texas plans to use the Congressional Review Act (CRA) next week to challenge a tax regulation that infringes on the rights of cryptocurrency brokers. The move is seen not only as a procedural strategy, but also as a principled stance against the expansion of government power into the fields of free enterprise and technological innovation. The regulation has drawn severe criticism from the cryptocurrency industry, which condemned it for arbitrarily expanding the scope of the term "broker." This overexpansion distorts the decentralized nature of these platforms, stifles the spirit of innovation, and punishes those who dare to challenge the traditional system. In December, three advocacy organizations filed a lawsuit against the regulation, exposing its heavy compliance burden.

▌Massachusetts Introduces Two Bills on Bitcoin Strategic Reserves

Cointelegraph published an article stating that Massachusetts has introduced two more bills on Bitcoin strategic reserves.

Blockchain Applications

▌Shanghai: Build high-quality data infrastructure such as blockchain and corpus, and create general cross-chain functions

On January 18, the General Office of the Shanghai Municipal People's Government issued the "Implementation Plan for Shanghai to Promote High-Quality Development of Digital Trade and Service Trade", which proposed the layout of high-performance computing infrastructure. Build high-level cloud computing data center clusters, open computing platforms and computing power interconnection platforms. Build high-quality data infrastructure such as blockchain and corpus, build urban blockchain infrastructure, build blockchain as a service (BaaS) platforms and general cross-chain functions, help data flow across borders, and promote the construction of high-quality corpus data elements.

▌Perplexity AI filed an application to merge with TikTok's US business

According to Bloomberg, Perplexity AI, a technology company backed by Bezos and Nvidia, filed an application to merge with TikTok's US business to avoid the upcoming closure. TikTok's Chinese parent company ByteDance was ordered by the United States to sell or shut down by Sunday. The deal will allow ByteDance's investors, including heavyweights such as Sequoia Capital and SoftBank, to retain their shares.

Cryptocurrency

▌Vitalik: The Ethereum Foundation is undergoing major changes in its leadership structure

Vitalik posted on social media that the Ethereum Foundation (hereinafter referred to as EF) is undergoing major changes in its leadership structure, which has lasted for about a year. Some of these reforms have been implemented and made public, and some are still in progress. At present, the goals that EF will strive to achieve include: · Improving the level of technical expertise of the leadership; · Improving two-way communication and connection between the leadership and ecosystem participants (new and old). EF's responsibility is to support users (individuals and institutions), developers, wallets, L2; · Introducing new talents and improving execution capabilities and speed; · More actively supporting application builders and ensuring that important values ​​and inalienable rights (especially privacy, open source, and anti-censorship) exist for users (including the application layer); · Continue to increase the use of decentralized and privacy technologies and the Ethereum chain, including for payment and fund management

▌Jupiter's total transaction volume exceeds 2 trillion US dollars

Dune data shows that the total transaction volume of Jupiter, the DEX aggregator of the Solana ecosystem, exceeds 2 trillion US dollars, currently at 207.74 billion US dollars. According to DeFiLlama data, Jupiter TVL exceeds 2.8 billion US dollars, currently at 2.829 billion US dollars, a record high.

▌Currently El Salvador holds more than 6,000 BTC

According to mempool data, El Salvador currently holds 6,032.183 BTC, equivalent to approximately $628 million.

▌BlackRock currently holds approximately 559,500 bitcoins

BlackRock officially updated the spot bitcoin ETF holdings information. As of January 16, BlackRock IBIT held 559,564.44 bitcoins, exceeding 2% of the total supply of bitcoin. Its holdings are worth more than $56.22 billion.

Important Economic Dynamics

▌Jing Ziqiang, Chief Economist of Morgan Stanley China: Policy effects helped China's economy exceed expectations in the fourth quarter of last year, and it is expected to continue to increase this year

After the release of China's GDP data, Xing Ziqiang, Chief Economist of Morgan Stanley China, said that this shows that a series of incremental policy adjustments since late September last year have achieved results, and the economic performance in the fourth quarter of last year was better than market expectations. Talking about the reasons, Xing Ziqiang pointed out that on the one hand, the subsidy policy for old-for-new consumer goods has been effective, and the sales of home appliances and automobiles have performed well in October and November 2024. On the other hand, exports have been strong since September last year. He said that the economic indicators in the fourth quarter of last year were better than expected, but policies still need to be continuously exerted and long-term efforts are needed. "At present, it seems that policies will be gradually increased in 2025." In Xing Ziqiang's view, more powerful policy measures may be introduced in the future. Specifically, the first is to increase the fiscal deficit; the second is to focus more on consumption and social security, rather than the traditional construction and investment ends; the third is to promptly use the central government's balance sheet or the central bank to proactively and promptly deal with risks.

Golden Encyclopedia

▌What is a teardrop attack in encryption?

In the cryptocurrency environment, teardrop attacks often target the decentralized nature of blockchain platforms. Even if they do not target the blockchain's encryption algorithms, disrupting the underlying peer-to-peer network infrastructure that cryptocurrencies rely on can lead to service interruptions, capital losses, and a decline in user trust. Attackers can interfere with the consensus process, transaction verification, or node-to-node communication by focusing on specific nodes or servers. This may lead to network fragmentation, processing delays or even complete suspension of operation.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish the correct investment concept and be sure to increase risk awareness.