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According to market news, the Bitcoin network has seen the first block supporting the BIP-110 proposal, mined by the Ocean pool. This proposal aims to limit arbitrary non-financial data in blockchain transactions through a temporary soft fork over approximately one year. Supporters believe this can curb "junk" data that occupies block space, protect Bitcoin's role as a robust monetary infrastructure, and alleviate the burden on node operators. The proposal has sparked intense controversy within the community.Critics, including Blockstream CEO Adam Back, warn that intervention at the consensus layer could undermine Bitcoin's credibility, lead to discriminatory treatment of transactions, and violate the principle of transaction capacity neutrality. He also questioned the actual support for the proposal, stating it could increase the risk of blockchain splits.The controversy escalated further when a developer embedded a 66KB image in a Bitcoin transaction to oppose the core claim of BIP-110, demonstrating that a large amount of data can be encoded even without relying on OP_RETURN. This debate highlights the long-standing ideological divide within the Bitcoin community: whether to staunchly defend Bitcoin's pure positioning as a currency or to maintain maximum neutrality regarding arbitrary uses at the base layer.

According to Cryptopolitan, the Republic of Buryatia and the Transbaikal Territory in Russia will lift the temporary restrictions on cryptocurrency mining on March 15. These two Siberian regions implemented seasonal restrictions last year to address energy shortages during the autumn and winter months. However, reports indicate that the Moscow government plans to impose a five-year comprehensive mining ban on these two regions starting in 2026.Currently, Russia has completely banned cryptocurrency mining in 10 regions, including southern Irkutsk Oblast and several Caucasian republics, with these bans set to last until March 2031. The changing regulatory environment has made it difficult for Russian mining companies to plan investments. Notably, Russia's largest mining company, BitRiver, is facing bankruptcy proceedings, and its founder, Igor Runets, was detained in January on suspicion of tax evasion. The company's 100-megawatt mining data center project in the Republic of Buryatia has been completed but has never been put into operation.

Social platform X announced the lifting of the ban on cryptocurrency and gambling promotional content, allowing industry KOLs to monetize crypto content commercially under the new paid partnership framework of the platform, and they must label their posts with the "Paid Partnership" tag.However, cryptocurrency promotional content remains subject to financial promotion regulations in the EU, UK, and Australia, and KOLs must ensure that relevant content is not visible in those markets. X's product head, Nikita Bier, stated that this feature aims to encourage users to grow their businesses on the platform while maintaining transparency.Additionally, Musk revealed that the payment system X Money will launch in a limited testing version within the next two months, and it is not yet clear whether cryptocurrency functionality will be integrated. The X product team also plans to launch the Smart Cashtags feature, allowing users to trade stocks and cryptocurrencies directly on the platform.

Aave Labs' DeFi Marketing Director Kolten stated that Aave is currently not in a hurry to replace V3 with V4, and V3 will continue to operate normally in the foreseeable future, even after the release of V4.Over the past year, Aave Labs has been actively promoting the V3 version and participating in integration projects built on V3. Although the V4 version is about to be released, the official team has not attempted to slow down the growth of V3. After the launch of V4, a cautious and gradual promotion strategy will be adopted, with deposit limits being imposed and gradually increased.

According to Bloomberg, Russia's communications regulator Roskomnadzor plans to restrict access to Telegram starting Tuesday. The report cites unnamed sources as saying that measures to slow down access to Telegram have already been implemented.

According to Jinshi, Federal Reserve's Bostic stated that it is important to maintain a moderately restrictive policy.

According to Jinshi reports, Federal Reserve's Bostic stated that the current policy is not highly restrictive, and perhaps one or two rate cuts could reach a neutral level. He previously expected that there would be no rate cuts in 2026.

According to Cointelegraph, the latest data shows that the impact of the winter storm in January on Bitcoin mining operations in the United States has become more pronounced.Data indicates that during the storm, the daily output of publicly listed mining companies significantly decreased. The storm swept across much of the continental United States, forcing miners to scale back operations due to grid pressure, snow accumulation, icing, and extreme cold weather, highlighting the close relationship between mining activities and the state of the energy market.Data shared by CryptoQuant's research director Julio Moreno shows that in the weeks leading up to the storm, the daily output of publicly listed mining companies tracked by CryptoQuant typically ranged between 70 to 90 Bitcoins, while at the height of the storm, this number dropped to about 30 to 40 Bitcoins per day.

According to Jinshi Data, Republican members of the U.S. House of Representatives on Thursday voted down a resolution aimed at prohibiting President Trump from taking further military action against Venezuela without congressional authorization, with a tie vote of 215 to 215. A similar measure failed in the Senate a few days earlier.In the narrowly divided House, the voting results were largely along party lines. All Republicans, except for Don Bacon of Nebraska and Thomas Massie of Kentucky, voted against it. All Democrats voted in favor. This deadlocked vote reflects concerns in Congress (including among some Republicans) about Trump's foreign policy. An increasing number of people support the constitutional view that the power to send U.S. troops into combat should belong to Congress, not the President.

According to the Korea Herald, South Korean financial authorities are working to advance the reform of the digital asset regulatory system, planning to abolish the "1 exchange - 1 bank" binding restriction, allowing the issuance of crypto derivatives and participation in trading with corporate accounts, in order to break the current market monopoly structure and promote liquidity.Regulators believe that although this restriction is not legally mandatory, it has long existed due to anti-money laundering requirements, limiting competition among exchanges and user choices. Subsequent policies will be included in the second phase of the legislation of the "Basic Act on Digital Assets," and both parties in the National Assembly have reached a consensus on some directions for regulatory relaxation.

According to Cointelegraph, Patrick Witt, head of the White House Cryptocurrency Council, stated that the U.S. is still making progress in establishing a strategic Bitcoin reserve, but some "less common legal provisions" are slowing down the process.Currently, several government agencies, including the Department of Justice (DOJ) and the Office of Legal Counsel (OLC), are discussing the legal and regulatory authority issues related to the Bitcoin strategic reserve. Witt pointed out that while the arrangements may seem straightforward on the surface, the differences in statutory authority among different agencies complicate the execution process. Related issues are still being coordinated, and the Bitcoin strategic reserve remains a priority in current policy.Previously, Trump signed an executive order in March 2025 to establish a "strategic Bitcoin reserve" and a "digital asset reserve pool," but the order only allows the inclusion of BTC obtained through judicial forfeiture into the reserve and does not authorize the government to purchase Bitcoin on the open market, which has caused dissatisfaction among some members of the Bitcoin community.Despite the controversies at the policy level, the U.S. government is still exploring potential implementation paths that are compliant and do not increase the fiscal deficit.

In response to the South Korean financial authorities' discussion on limiting the shareholding ratio of major shareholders in virtual asset exchanges to the range of 15% to 20%, several scholars expressed cautious attitudes at the seminar on "The Direction of Institutionalization of Stablecoin Issuance and Trading Infrastructure" held on January 16. Professor Moon Cheol-woo from Sungkyunkwan University's Business School pointed out that forcibly compressing the shareholding ratio of major shareholders may touch upon property rights protection issues, posing a risk of unconstitutionality.He also mentioned that comparing the equity structures of Binance and Coinbase, it is not uncommon globally for founders to maintain a high shareholding ratio, and such restrictive measures may contradict the international trend of emphasizing responsible management.Additionally, Professor Kim Yoon-kyung from Incheon University believes that directly intervening in the equity structure through ratio limits is too radical and may weaken the industry's innovation and development momentum. Several experts at the meeting suggested that regulatory authorities could guide equity dispersion and compliant development by strengthening the qualification review of major shareholders and improving IPO-related systems, rather than adopting mandatory divestiture arrangements.

According to Jin Ten, Fed's Schmid stated that interest rates should remain at a level that continues to pressure the economy in order to further cool inflation. He tends to maintain a moderately restrictive monetary policy and pointed out that rate cuts may not stimulate hiring, as the slowdown in growth is driven by structural factors. He is concerned that rate cuts could have a more lasting impact on inflation, questioning the commitment to the 2% inflation target.

The founder of CryptoQuant, Ki Young Ju, stated that the X platform is suppressing the influence of cryptocurrency-related posts while failing to curb the surge of automated spam, effectively punishing legitimate users. Data shows that automated activity related to the keyword "crypto" has surged, generating over 7.7 million posts in a single day. Ki Young Ju pointed out that the X platform cannot distinguish between automated accounts and real accounts, and the paid verification system has become a tool for mass messaging by bots.Nikita Bier, the product manager of the X platform, responded that the visibility issue in the crypto community partly stems from users excessively posting low-value content, such as repeatedly sending "gm," which dilutes the daily reach of accounts. In response to these remarks, Ki Young Ju stated that the X platform would rather ban crypto content than improve bot detection, which is quite absurd. Currently, the X platform remains the main real-time communication hub for the crypto industry.

CoinFund President and former banker Christopher Perkins expressed on social media that he criticizes the cryptocurrency market structure bill currently under consideration by the U.S. Senate, which may limit retail investors' access to rewards related to stablecoins.As a member of the U.S. Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee, Perkins stated that depriving retail investors of the right to earn rewards from stablecoins is an inappropriate policy, especially against the backdrop of income inequality being a significant social issue.The U.S. already has a stablecoin bill called GENIUS and questions why policymakers would want to prevent ordinary investors from benefiting from stablecoins.Perkins suggested addressing banks' concerns about deposit and loan outflows by releasing regulatory capital and integrating blockchain technology, believing this would be a win-win solution.He predicted that if this approach is taken, Global Systemically Important Banks (GSIBs) and community banks would ultimately accept policies that allow retail investors to earn rewards from stablecoins.

In response to the collective departure of the Zcash development team, the nonprofit organization behind the project, Bootstrap, clarified that the governance disputes leading to the departure of team members stemmed from legal restrictions faced while seeking external investment. Discussions have been held regarding "alternative structures for external investment and the privatization of Zashi," while collaborating with legal advisors to ensure that any path forward complies with U.S. nonprofit laws, aligns with Zcash's long-term mission, and does not jeopardize the broader Zcash community.

According to the Hong Kong Economic Journal, Victory Securities has issued a notice to clients stating that starting from December 19, it will implement a "buying prohibition" restriction for virtual asset accounts identified by the system as coming from "Mainland China" IP addresses. Sources indicate that this is in response to the recent measures taken by the mainland to strengthen the regulation of virtual asset trading.

According to Jinshi reports, Federal Reserve's Williams stated that the Fed's policy is "moderately restrictive" and that there is some room to return to neutral levels.

披着 "虚拟资产跟单交易" 外衣的煜志金融被曝涉嫌以高收益为噱头吸引投资者，近期旗下虚拟资产交易 App "HSEX" 被多名投资者反映出现无法正常提现的情况，平台随后要求用户缴纳账户总额 20% 的 "自证保证金"，并将提现手续费由 10% 上调至 30%。此前，广东省信宜市防范和打击非法金融活动联席会议办公室、广西壮族自治区玉林市防范和打击非法金融活动领导小组办公室和湖南省衡阳市石鼓区金融事务中心均已发布相关风险提示，香港交易所官方也披露煜志金融与其相关的 HSEX、HKEX 多次被列入可疑网站且与香港交易所无任何关联。业内人士指出，该类项目无实体经营支撑，以高收益承诺和拉人头返利为核心特征，提醒投资者警惕虚拟资产领域的高收益诱惑，防范非法金融风险。

According to Jinshi reports, Federal Reserve official Harker stated that he tends to adopt a slightly more restrictive policy stance.