Headlines
▌Vitalik: Bitcoin holdings account for less than 10% of my portfolio
Ethereum co-founder Vitalik Buterin posted on social media that Bitcoin holdings account for less than 10% of my portfolio. Aside from Ethereum, no asset accounts for more than 10%.
▌Grayscale launches new Dogecoin Trust
Grayscale has announced the launch of a new closed-end fund - the Dogecoin Trust, providing exposure to Dogecoin (DOGE). The asset management firm believes that DOGE has evolved beyond just a meme coin and has become a tool for global financial inclusion, especially in regions with underdeveloped banking infrastructure, thanks to its low transaction costs and fast transfer speeds.
Market
As of the time of writing, according to Coingecko data:
BTC last traded at $102,483, with a daily change of -0.2%;
ETH last traded at $3,312.75, with a daily change of +1.2%;
BNB last traded at $678.57, with a daily change of +0.0%;
SOL last traded at $232.28, with a daily change of -2.4%;
DOGE last traded at $0.3306, with a daily change of -0.3%;
XPR last traded at $3.05, with a daily change of -3.07%.
Policy
▌White House: Senate has confirmed 8 of Trump's cabinet nominees
On January 31st local time, White House Press Secretary Kayleigh McEnany said the Senate has confirmed 8 of President Trump's cabinet nominees, including Transportation Secretary Sean Duffy, EPA Administrator Lee Zeldin, and Interior Secretary Doug Burgum. Burgum is scheduled to be sworn in later that evening. The White House expects the Senate to continue to quickly confirm the remaining qualified nominees and hold votes in the coming days.
▌White House: 25% tariffs on goods from Mexico and Canada to take effect from February 1
On January 31st local time, White House Press Secretary Kayleigh McEnany said in a briefing that the US will impose 25% tariffs on goods from Mexico and Canada starting February 1. On January 30th local time, President Trump said he plans to fulfill his promise to impose a 25% tariff on goods imported from Mexico and Canada on February 1.
Blockchain Applications
▌Las Vegas Sphere denies reaching ad deal with Dogwifhat (WIF)
A spokesperson for Las Vegas Sphere denied reaching an advertising deal with the Solana meme coin Dogwifhat (WIF). "There have been no plans, past or present, to feature Dogwifhat on Exosphere, and we are concerned they are using our name fraudulently." Previously, the Dogwifhat team had hinted on X that ads would soon be live on the Las Vegas Sphere, but later deleted the post and reposted artwork without the "official confirmation" label.
Cryptocurrencies
▌Italian data regulator restricts DeepSeek and launches investigation
The Italian Data Protection Authority has launched an investigation into the artificial intelligence chatbot of Chinese startup DeepSeek and has banned it from processing data of Italian users. The Italian data protection authority said that the responses it received from the company about the use of personal data were "completely inadequate", and therefore decided to take action.
▌Las Vegas Sphere denies reaching ad deal with Dogwifhat (WIF)
A spokesperson for Las Vegas Sphere denied reaching an advertising deal with the Solana meme coin Dogwifhat (WIF). "There have been no plans, past or present, to feature Dogwifhat on Exosphere, and we are concerned they are using our name fraudulently." Previously, the Dogwifhat team had hinted on X that ads would soon be live on the Las Vegas Sphere, but later deleted the post and reposted artwork without the "official confirmation" label.
▌SEC delays approval of Grayscale's rule change to convert Digital Large Cap Fund to spot ETF
The US Securities and Exchange Commission (SEC) has delayed the approval of Grayscale's rule change to convert its Digital Large Cap Fund to a spot ETF.
Important Economic Dynamics
▌Fed's Bullard: Legal restrictions prevent Bitcoin from becoming a reserve asset
Fed's Bullard: Regarding the issue of Bitcoin reserves, the Federal Reserve is legally restricted from adding such assets to its balance sheet.
▌Fed expected to take a more cautious rate cut path in 2025
According to a report by Jinshi, Galaxy Securities' research report shows that considering the performance of the US economy by the end of 2024 and the current economic data, the US economy has shown certain growth momentum and resilience. Since taking office on January 20, Trump has quickly signed a series of executive orders. His policy style emphasizes protectionism and economic nationalism, but he often bypasses Congress to push his agenda through executive orders, so he also faces various political and legal obstacles in the implementation process. Considering these factors, the Fed is expected to take a more cautious rate cut path in 2025, with the annual rate cut range between 0.25% and 0.50%.
Jinse Encyclopedia
Chain abstraction in blockchain provides a single interface for users and developers to interact with multiple blockchains without having to manage the complexities of each individual chain. Chain abstraction solutions are still under development, with many companies working to solve this problem. Currently, the way it all works is not an exact science, but multi-chain solutions may allow users to seamlessly use Web3 from a single account.
Disclaimer: Jinse Finance, as a blockchain information platform, the articles published are for informational reference only and do not constitute actual investment advice. Please everyone establish the correct investment concept and be sure to improve risk awareness.
