Headline
▌Trump's Cryptocurrency Project Appears to Build Tens of Millions of Dollars of Ethereum After Price Plunge
After U.S. President Donald Trump's announcement of additional tariffs on Mexico and Canada caused the cryptocurrency market to plummet over the weekend, World Liberty Financial, a decentralized financial project associated with the Trump family, appears to have accumulated tens of millions of dollars worth of Ethereum. Trump's third child, Eric Trump, posted on social media platform X on Monday, "In my opinion, now is a good time to increase your holdings of Ethereum. You can thank me later." He later edited the post and deleted the second sentence.
▌NYSE has submitted a 19b-4 filing application for Grayscale's Litecoin ETF
Litecoin's official Twitter account said that NYSE has now submitted a 19b-4 filing application for Grayscale's Litecoin ETF to the U.S. SEC to seek to convert its Litecoin (LTC) Trust into a spot ETF.
Market
As of press time, according to Coingecko data:
BTC's latest transaction price is $98,037.73, with a daily increase or decrease of -3.5%;
ETH's latest transaction price is $2,731.81, with a daily increase or decrease of -5.3%;
BNB's latest transaction price is $573.62, with a daily increase or decrease of -7.3%；
SOL's latest transaction price is 207.04 US dollars, and its intraday increase or decrease is -4.8%；
DOGE's latest transaction price is 0.2642 US dollars, and its intraday increase or decrease is -7.6%；
XPR's latest transaction price is 2.54 US dollars, and its intraday increase or decrease is -6.8%。
Policy
▌New York Times: US SEC takes steps to scale back its enforcement efforts in the cryptocurrency field
According to the New York Times: The US Securities and Exchange Commission (SEC) has taken steps to scale back its enforcement efforts in the cryptocurrency field.
▌US SEC Acting Chairman Appoints Former Coin Center Director to Join Cryptocurrency Working Group
Landon Zinda has resigned from his position as policy director at cryptocurrency advocacy organization Coin Center to join the US Securities and Exchange Commission's (SEC) cryptocurrency working group.
In a notice on February 4, Acting SEC Chairman Mark Uyeda said that Zinda has joined the commission as his legal counsel and senior advisor to the cryptocurrency working group. The former Coin Center director will join the task force led by Commissioner Hester Peirce, working alongside Chief of Staff Richard Gabbert and Chief Policy Advisor Taylor Asher.
▌Crypto Czar David Sacks: The feasibility of Bitcoin reserves is being studied
Crypto Czar David Sacks said that the feasibility of Bitcoin reserves is being studied.
▌Chairman of the U.S. House Financial Services Committee: Both Houses of Congress will set up cryptocurrency working groups
French Hill, chairman of the U.S. House Financial Services Committee, said that both houses of Congress will set up cryptocurrency working groups.
Blockchain Applications
▌Mempool Research: Bitcoin Block Size May Increase to 4 MB
Block size has grown steadily since Bitcoin's Taproot upgrade, but there is still room for more growth, Mempool Research said.
Widespread adoption of inscriptions could bring the average block size of the Bitcoin network to 4 megabytes (MB) per block, far higher than the current average, according to a report released by Mempool Research on Feb. 4. Bitcoin's average block size (the amount of data contained in each block published to the network's public ledger) is currently just over 1.5 MB, the report said.
Mempool Research said Bitcoin's block size could increase significantly if inscriptions (a method of efficiently encoding arbitrary data within a block) are more widely adopted.
Cryptocurrency
▌Satoshi-era Bitcoin miners move $5 million in BTC when price was just 10 cents
A wallet containing 50 bitcoins, mined about 15 years ago, suddenly became active, moving about $5 million worth of tokens that were originally worth just $0.10 each.
Bitcoin historian Pete Rizzo discovered and shared the wallet transaction using a screenshot of mempool.space. The movement of this wallet has since sparked discussion and concern in the crypto community. Some onlookers have speculated that it may be related to Ross Ulbricht, the recently pardoned founder of "Silk Road".
However, it is highly speculative to attribute old Bitcoin movements to any specific individual who has not voluntarily disclosed his wallet address.
▌Arkham announced that it has supported monitoring of Satoshi Nakamoto's holdings
Arkham announced that it has supported monitoring of Satoshi Nakamoto's holdings. Satoshi Nakamoto's address currently holds 1,096,354 bitcoins, worth approximately $108.88 billion.
▌David Sacks: Cannot make any answer to "whether sovereign wealth funds hold encryption"
David Sacks answered the last question in the Q&A session of the press conference, saying that studying the feasibility of Bitcoin reserves is one of the top priorities the president has instructed him to do, and will be studied as part of an internal government working group. "Putting cryptocurrency in a sovereign wealth fund" is another question that cannot be answered at this press conference.
As previously reported, U.S. President Donald Trump signed an executive order on Monday instructing the Treasury and Commerce Departments to establish a sovereign wealth fund. Although crypto was not mentioned, Treasury Secretary Scott Bessant has expressed some interest in cryptocurrencies, while Commerce Secretary nominee Howard Lutnick is a staunch supporter of the crypto industry.
▌SkyBridge Capital Founder: US Lawmakers Will Propose Crypto Regulation by November
Anthony Scaramucci, founder of SkyBridge Capital, said that lawmakers in Congress will take action to win support from the cryptocurrency industry before the 2026 midterm elections. In an interview published in the Financial Times on Feb. 4, Scaramucci said that US lawmakers in the House and Senate, who are facing primary challenges and fierce elections in swing districts, may want to show a record of "proposing positive cryptocurrency legislation" before 2026.
The former White House communications director hinted that Congress may engage in "a series of legislative activities" before the 2025 holiday recess, possibly including a cryptocurrency market structure bill.
"You might get it in November this year, before the recess," Scaramucci said, referring to cryptocurrency regulation. "But if you don't, I don't think you'll be much later than the timeline I suggest."
Important Economic Dynamics
▌The probability of the Fed keeping interest rates unchanged in March is 84.5%
According to CME's "Fed Watch": The probability of the Fed keeping interest rates unchanged in March is 84.5%, and the probability of a 25 basis point rate cut is 15.5%. The probability of maintaining the current interest rate unchanged by May is 61.6%, the probability of a cumulative 25 basis point rate cut is 34.2%, and the probability of a cumulative 50 basis point rate cut is 4.2%.
▌U.S. stocks closed: the three major stock indexes closed higher, and the Chinese stock index rose by more than 2%
The U.S. stock market closed on Tuesday, and the three major stock indexes closed higher, with the Dow Jones Industrial Average up 0.3%, the S&P 500 up 0.72%, and the Nasdaq up 1.35%. Most of the star technology stocks closed higher, with AMD (AMD.O) up 4.58%, TSMC (TSM.N), Apple (AAPL.O), and Tesla (TSLA.O) up more than 2%, and Amazon (AMZN.O) up nearly 2%. The Nasdaq China Golden Dragon Index rose 2.65%, Xpeng Motors (XPEV.N) rose 8.3%, Li Auto (LI.O) rose nearly 6%, Baidu (BIDU.O) rose 5.8%, and Alibaba (BABA.N) rose 3.8%.
Golden Encyclopedia
▌What is chain abstraction?
Chain abstraction in blockchain works by providing a single interface that enables users and developers to interact with multiple blockchains without having to manage the complexity of each individual chain. Chain abstraction solutions are still under development, and many companies are working on solving the problem. At present, how this all works is not an exact science, but multi-chain solutions may allow users to seamlessly use Web3 from a single account.
Disclaimer: As a blockchain information platform, the content of the articles published by Jinse Finance is for information reference only and is not intended as actual investment advice. Please establish the correct investment concept and be sure to enhance risk awareness.
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