1. The SEC adjusted its cryptocurrency policies under the Trump administration.
The U.S. Securities and Exchange Commission (SEC) has quietly changed its cryptocurrency policy direction under the leadership of the Trump administration, one year after Gary Gensler's departure. -Original
2. The Trump family's crypto assets account for 20% of their net worth.
Bloomberg reported that over the past year, the Trump family has increased its wealth by approximately $1.4 billion through crypto assets, bringing their total net worth to $6.8 billion, with cryptocurrencies accounting for about one-fifth for the first time. The family's earnings primarily come from their co-founded crypto platform World Liberty Financial, the Trump-named meme coin, and the bitcoin mining company American Bitcoin Corp., particularly the platform coin and stablecoin USD1 business valuation of World Liberty is significant. Meanwhile, the stock price of their social media company, Trump Media & Technology Group, has fallen by 66% over the past 12 months, partially offsetting the gains from crypto assets. Family members have also invested in SpaceX through the venture capital firm 1789 Capital and expanded the Trump group's global real estate licensing business. The White House press secretary stated that the government is pushing to make the U.S. a global crypto capital center through executive actions and policies. -Original
3. Spot gold breaks through $4,750, hitting a new all-time high.
Spot gold prices broke through $4,750 per ounce, setting a new all-time high. - Original text
4. The US Treasury Secretary plans to add confiscated Bitcoin to the national reserves.
U.S. Treasury Secretary Bessent stated that the U.S. government plans to add confiscated Bitcoin to its digital asset reserves. -Original Text
5. OKX Explorer: Tether issues 1 billion USDT on the TRX chain.
According to data provided by OKX Explorer, at 22:36 (UTC+8) on January 20th, Tether issued 1 billion USDT on the TRX chain. Transaction hash: 38fdb7d3019f33a0cf899f0638e7df041ce96ff403055ecb7b59640d94fe89c4. See details: https://web3.okx.com/explorer/trx/tx/38fdb7d3019f33a0cf899f0638e7df041ce96ff403055ecb7b59640d94fe89c4 Note: The above data is sourced from OKX Explorer - Original Article.
6. Machi Ethereum long positions with 25x leverage partially liquidated.
According to Onchain Lens, due to the continued market decline, Machi (@machibigbrother)'s 25x leveraged long ETH position has been partially liquidated, with only $30 remaining before the next liquidation. His account has now fallen back to a loss-making state, with current floating losses exceeding $1 million and total paper losses reaching $23.6 million. -Original Article
7. Bloomberg: US encryption legislation may fall short of expectations due to insufficient resources.
A Bloomberg editorial board commented that while the US Congress is pushing for a legal framework for digital assets, weakened regulatory power and insufficient resources could affect the effectiveness of legislation. The Genius Act decentralizes regulatory responsibilities for stablecoins, and the Office of the Comptroller of the Currency (OCC) faces limitations in enforcement capabilities due to layoffs and cybersecurity incidents. The Clarity Act proposes to adjust the division of regulatory responsibilities, weakening the SEC's jurisdiction and bringing most tokens under the regulation of the Commodity Futures Trading Commission (CFTC), but the latter has limited budgets and resources. Further reductions in the Consumer Financial Protection Bureau's (CFPB) functions further impact the regulatory network. The article suggests establishing a unified regulatory framework for assets such as Bitcoin and Ethereum, with rules jointly developed by the SEC and CFTC. Bloomberg warns that insufficient regulatory capacity could leave the crypto market in a state of "risk-bearing" for a long time.
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