Headlines
▌Trump Spoke with OpenAI CEO Last Week to Discuss AI Infrastructure
Sources familiar with the matter revealed that before officially taking office, Trump had a lengthy conversation with OpenAI CEO Sam Altman, discussing the potential of artificial intelligence (AI) and the necessity of developing this technology in the United States. In last Friday's conversation, Trump was particularly enthusiastic about driving domestic AI development in the US, rather than letting it grow in other countries, and discussed what this might mean for job creation and public confidence during his administration. After being sworn in on Monday, Trump quickly began promoting the importance of AI. On Tuesday, he announced a joint initiative to invest billions of dollars in US AI infrastructure in collaboration with OpenAI, Oracle, and SoftBank. Notably, OpenAI's involvement is particularly noteworthy, as Altman is engaged in a fierce legal battle with Musk. Musk is an advisor to Trump and one of the main financial supporters of his 2024 campaign, and he is also a co-founder of OpenAI, which was founded as a non-profit in 2015.
▌Bitwise Applies to Register Dogecoin-Related ETF in Delaware
According to the website of the Delaware Department of State, Bitwise has submitted documents to Delaware, applying to register the Bitwise Dogecoin ETF. The trust was formed on January 22, 2025, and the registered agent is CSC DELAWARE TRUST COMPANY.
Bloomberg ETF analyst James Seyffart commented: "Note: This is just a trust registration, not an official ETF filing with the SEC. At least not yet."
Market
As of the time of writing, according to Coingecko data:
BTC's latest trading price is $103,636, with a daily change of -2.4%;
ETH's latest trading price is $3,238.41, with a daily change of -2.7%;
BNB's latest trading price is $694.54, with a daily change of +0.3%;
SOL's latest trading price is $257.14, with a daily change of +3.0%;
DOGE's latest trading price is $0.3627, with a daily change of -2.6%;
XPR's latest trading price is $3.17, with a daily change of -0.1%.
Policy
▌Democratic House Leaders Warn of Corruption in Trump Family's Crypto Businesses
Gerry Connolly, the top House Oversight Committee Democrat, wrote to the committee's Republican chair the day after Trump's new term began, demanding an investigation into the president's business relationships. He stated in the letter: "The committee must immediately take action to investigate the serious conflicts of interest that Donald Trump brought into the presidency - the ever-expanding web of financial entanglements and quid pro quo arrangements of President Trump - and the Trump Organization."
Additionally, senior House Financial Services Committee Democrat Maxine Waters issued a statement saying: "Through his meme coins, Trump has created a way to circumvent national security and anti-corruption laws, allowing related parties to anonymously transfer funds to him and his inner circle. The buyers could include major corporations, allied nations forced to 'show respect' to the president, and our adversaries who stand to gain much from influencing Trump's presidency." Waters believes these tokens not only harm Trump's interests but also taint the entire industry.
▌SAF Co-Founder: Met with US Lawmakers to Discuss "Bitcoin Strategic Reserve" Proposal
Satoshi Action Fund (SAF) co-founder and CEO Dennis Porter posted on social media that he had met with US legislators to discuss a proposal to establish a "strategic Bitcoin reserve", stating that "the time is now".
Blockchain Applications
▌Over 15,000 AI Agents Created on Virtuals Platform
The AI agent platform Virtuals, launched on Coinbase's Base protocol in October 2024, has successfully incubated over 15,000 AI agents with their own dedicated tokens. Among them, the crypto research-focused AI agent "aixbt" has stood out, with 400,000 followers on the social media platform X and a token market cap of $650 million.
▌Polymarket Users Bet on Trump Pardoning SBF Within 100 Days
Users of the decentralized prediction market platform Polymarket are betting that Trump will pardon Sam Bankman-Fried within the first 100 days of his term. In November 2023, Bankman-Fried was charged with seven criminal counts, including wire fraud, and later faced a potential 25-year sentence for his role in the FTX crypto exchange collapse. On Polymarket, the odds of him receiving a presidential pardon are 4%.
Cryptocurrencies
▌Cathie Wood: Unsure of TRUMP's Utility, but Trump Is "Ushering in the Next Phase of the Crypto Revolution"
ARK Invest CEO and CIO Cathie Wood said in an interview with Bloomberg: "We're not sure how much utility Trump's memecoin (TRUMP) will have, but Trump is ushering in the next phase of the crypto revolution."
Cathie Wood also mentioned that she would not buy TRUMP, as she only holds the "Big Three" (BTC, ETH, SOL), but she does not consider memes to be "terrible things" and believes they may have utility at times.
▌Pointsville Founder: Trump Needs to Fire His Entire Crypto Advisory Team
Gabor Gurbacs, the founder of digital asset firm Pointsville, posted on X that "Trump needs to fire his entire crypto advisory team from top to bottom and replace them with people who know what they're doing. The memecoin has done a lot of damage to the US, the presidency, and his family, and the consequences haven't even started to show yet."
▌Lido Founder: Did Not Create a Second Ethereum Foundation
Lido founder Konstantin Lomashuk stated on the X platform that he had not actually created a second Ethereum foundation. He said: "There is no second foundation being created. Ethereum is the ultimate world computer, and every Ethereum user can help it grow, evolve, and succeed. If a second foundation were to form, it would need a clear purpose to complement the great work being done by current contributors. I appreciate the support and believe we need more organizations contributing to Ethereum. I will share more thoughts after talking to those who have reached out to me."
▌Goldman Sachs CEO: Goldman Still Cannot Own, Custody, or Trade Bitcoin
Goldman Sachs CEO David Solomon said in an interview that from a regulatory standpoint, Goldman Sachs still cannot own, custody, or trade Bitcoin. He said: "If the world changes, you and I can discuss it."
Responding to whether a potential Trump strategic Bitcoin reserve would impact the bank's process of handling crypto, he stated: "First of all, you know, we've discussed this issue many times, and the underlying technology is something we've spent a lot of time studying. We're using and testing it to reduce frictions in the financial system, which is very important." Regarding whether Bitcoin poses a threat to the US dollar, David Solomon responded: "Others may see it that way, but I don't think Bitcoin poses a threat to the US dollar."
▌Standard Chartered: Institutional Inflows Could Drive Bitcoin to $200,000 This Year
According to a report by Standard Chartered Bank, this year is expected to see more institutional funds flow into the Bitcoin space, particularly with the entry of pension funds, which could drive Bitcoin to $200,000 this year.
Here is the English translation of the text, with the content inside <> retained without translation:The report states, "If we take positive action as we expect, we believe institutional capital flows will continue. We expect institutional inflows into BTC to exceed 2024 levels by 2025, with new capital potentially coming from long-only funds classified as 'pension funds'. The dominance of institutional inflows into ETFs may support the performance of BTC and ETH; we expect their prices to reach $200,000 and $10,000 respectively by the end of 2025."
▌The Ethereum community calls on Trump to help release developers like Virgil Griffith, Vitalik says "we don't abandon anyone"
Ethereum co-founder Vitalik Buterin, along with other members of the crypto community, have called for the release of Ethereum developer Virgil Griffith, Tornado Cash co-founder Roman Storm, and developer Alexey Pertsev. Buterin tweeted on Wednesday that "we don't abandon anyone".
Vitalik said: "You created Tornado Cash to a large extent based on my recommendation, and if I did that and then didn't support you when you needed help, that would be a betrayal of basic decency. In Ethereum, we protect our own and uphold our honor."
The day before, Trump signed an executive order pardoning Silk Road founder Ross Ulbricht.
▌Crypto exchange Kraken donates $111,111 worth of Bitcoin to Silk Road founder Ross Ulbricht
Cryptocurrency exchange Kraken disclosed on X that it has donated $111,111 worth of Bitcoin to the released Silk Road founder Ross Ulbricht, with the Ulbricht address coming from the freeross.org website, which claims to be Ulbricht's official website and provides ways for people to contribute to the creator of the dark web marketplace.
According to the Bitcoin blockchain explorer Mempool, as of the time of writing, the page has received 93 donations totaling 2.5 BTC, worth around $261,000.
▌Solana DEX trading volume surpassed Ethereum by 268% in January
According to data compiled by The Block, the frenzy around Original Trump (TRUMP) has driven the usage of Solana decentralized exchanges (DEXes).
In January, Solana DEX trading volume reached an unprecedented 268% of Ethereum, compared to just 53% a year earlier. Solana processed $122 billion in trading volume, while Ethereum did $45 billion.
Raydium led the Solana ecosystem with $32 billion in weekly trading volume, followed by Orca with $17 billion. In comparison, Uniswap on Ethereum processed $20 billion in trading volume during the same period.
The Block analysts said that factors such as improved transaction processing efficiency on the Solana network, reduced downtime, more user-friendly DEX interfaces, the integration of the Jupiter aggregator, and growing institutional infrastructure support have all contributed to Solana's growth momentum.
▌A person close to Ledger founder Eric Larcheveque responds to kidnapping rumors, saying he is currently safe
According to Cointelegraph's disclosure on the X platform, a person close to Ledger founder Eric Larcheveque has responded to the kidnapping rumors, saying he is currently safe.
The relevant information shows that Gregory Raymond, co-founder of The Big Whale, posted on the X account that Eric Larcheveque is not involved in the kidnapping rumors about him, and he also reminded people to be cautious about the information already published, as it may threaten the ongoing investigation in France and even endanger someone's life.
Previously, there were media reports that the founder of the cryptocurrency hardware wallet Ledger, Eric Larcheveque, was allegedly kidnapped, with the kidnappers demanding a Bitcoin ransom.
▌ENS: Always in line with Ethereum community's decentralization spirit
The Ethereum Name Service (ENS) stated: ".eth still exists, and so many people have added .eth to their accounts, which is a powerful endorsement of Ethereum's core values. ENS was born in the early days of Ethereum, separated from the Ethereum Foundation, and has always been fully aligned with the community's commitment to decentralization. We support the development of Ethereum and work together to build a strong global community. We are committed to the mission of supporting and promoting the Ethereum ecosystem to benefit developers and the community worldwide.
Important Economic Dynamics
▌BlackRock CEO: High inflation is the "biggest risk" globally, going against Davos can make big money
BlackRock CEO Larry Fink said investors are too quick to assume high inflation is over, increasing the likelihood that bond yields will rise further as prices climb. "The biggest risk we have today is the world believes inflation is behind us," Fink told Bloomberg on the sidelines of the World Economic Forum in Davos on Wednesday, saying his view is at odds with market forces. "I really believe we're going to face a persistently high inflation environment." On AI investing, Fink said building data centers requires a lot of private-sector funding. BlackRock is partnering with Microsoft and others to raise a $30 billion fund, and Fink said the private equity market needs to pay special attention to the power sources for data centers. "In the short term, we have to be clear, it's going to be predominantly natural gas, in the US it's natural gas," Fink said, adding that electricity demand should spur discussions about the future role of nuclear power.
▌US dollar index rose slightly by 0.1% on the 22nd
The US dollar index, which measures the dollar against six major currencies, rose 0.1% that day, closing at 108.168 in the New York forex market close. As of the New York forex market close, 1 euro was exchanged for $1.0420, up from $1.0418 the previous trading day; 1 pound was exchanged for $1.2324, down from $1.2328 the previous trading day. 1 US dollar was exchanged for 156.52 yen, up from 155.56 yen the previous trading day; 1 US dollar was exchanged for 0.9061 Swiss francs, down from 0.9066 Swiss francs the previous trading day; 1 US dollar was exchanged for 1.4371 Canadian dollars, up from 1.4335 Canadian dollars the previous trading day; 1 US dollar was exchanged for 10.9945 Swedish kronor, up from 10.9930 Swedish kronor the previous trading day.
▌OpenAI aims for AGI development, hoping to develop a system that can think like professional engineers
Three people familiar with the matter revealed that OpenAI is researching an artificial intelligence to help senior software engineers handle more complex programming tasks, a key step in the company's efforts to develop a general artificial intelligence (AGI) that can outperform humans in the most economically valuable jobs. According to a person who heard OpenAI CEO Sam Altman discuss the project, this effort is part of Altman's goal of automating software engineering, with the aim of releasing a powerful new product that can handle multi-step coding problems, replicating the work of experienced programmers. Such a product is often referred to as an "agent", and Altman recently said this system could join the "workforce" as soon as this year. An employee said this agent could help accelerate the development of an internal OpenAI tool that helps its AI researchers work faster, including generating code for their AI model-related experiments. One of the informed sources said OpenAI has been preparing to test early versions of the advanced coding agent with certain potential customers, as it is trying to make the product useful and popular.
▌Musk and Trump may have tensions over the "Stargate" project
According to the AXIOS website, hours after Trump announced a major investment in artificial intelligence, he was questioned by one of his closest allies, Musk. Musk's public disruption of the $500 billion project led by OpenAI and other tech giants may anger Trump. Since Trump regained the White House, their relationship has become closer, but this may be one of their most public disagreements to date. On Tuesday night, Musk responded to OpenAI's announcement of the project on X, saying: "They actually don't have that money." Musk claimed to have "reliable authoritative information" that the funds SoftBank could provide were "far less" than $10 billion. OpenAI CEO Sam Altman later responded to Musk: "You're wrong, you must know that." He urged Musk to put the country before his own company's (interests).
Jinse Finance
▌What is a Sybil attack in crypto?
In the crypto currency environment, Sybil attacks often target the decentralized nature of blockchain platforms. Even if they do not target the cryptographic algorithms of the blockchain, disrupting the underlying peer-to-peer network infrastructure that cryptocurrencies rely on can lead to service interruptions, loss of funds, and a decline in user trust. Attackers can focus on specific nodes or servers to interfere with the consensus process, transaction verification, or node-to-node communication. This can lead to network fragmentation, processing delays, or even a complete shutdown.
Disclaimer: Jinse Finance, as a blockchain information platform, the articles published are for information reference only and not as actual investment advice. Please everyone to establish the correct investment concept and must improve risk awareness.
