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According to the Hong Kong Wen Wei Po, the Hong Kong Gold Exchange held the opening ceremony for the Year of the Horse yesterday on the fourth day of the Lunar New Year. In his speech, the chairman of the Hong Kong Gold Exchange, Zhang Dexi, stated that the exchange has officially partnered with a member company of Alibaba Group to develop a digital commodity blockchain, as well as an international precious metals trading platform and clearing settlement system. This initiative aims to unify risk control and regulatory systems for Hong Kong's spot, futures, digital gold, BtoC trading, actuarial center, and over-the-counter (OTC) transactions, with an expected completion within six months, and hopes to connect with the "Hong Kong Gold Central Clearing System" established by the SAR government.

Commissioner Hester Peirce of the U.S. Securities and Exchange Commission wrote that she hopes to amend Rule 15c3-1 to more clearly cover payment stablecoins.Currently, the agency has released an FAQ that clarifies the regulatory treatment of payment stablecoins under the broker-dealer net capital rule framework, which mainly includes:If a broker-dealer applies a 2% capital haircut to its proprietary holdings of payment stablecoin assets when calculating net capital, regulators will not raise objections.Before the enactment of the GENIUS Act, "payment stablecoins" must be dollar-denominated, issued by state-regulated money transmission companies, state-regulated trust companies, or national trust banks, and meet conditions such as reserve asset requirements, redemption policy disclosures, and monthly attestation reports issued by certified public accountants; after the enactment of the act, they must comply with the definitions and requirements for "payment stablecoins" and "compliant issuers" as set forth in the GENIUS Act.

According to the Hong Kong Economic Times, the "HOMEO Shunshi" token has been included in the list of suspicious investment products by the Hong Kong Securities and Futures Commission.The token is operated and promoted by Excellence Homeopathy (Hong Kong), allegedly sold to the public through seminars held in Hong Kong, claiming to bring profits to investors. The Hong Kong Securities and Futures Commission emphasizes that this product has not been approved by the regulatory authority for sale to the public in Hong Kong, and the relevant disclosure documents have not been reviewed by the Commission. The regulatory authority reminds investors to exercise extreme caution, as investing in such unapproved products may result in significant or even total loss of funds.

According to Cointelegraph, the Arizona State Senate Finance Committee has passed the Digital Asset Strategic Reserve Fund Bill (SB1649) with a vote of 4 to 2, and the bill will now be submitted to the Rules Committee for review.

According to Jin Ten, Federal Reserve Governor Barr stated that evidence is needed to show that commodity price inflation is consistently declining before further rate cuts.

According to quiverquant data, financial giant Jane Street increased its holdings by 7,105,206 shares of IBIT in Q4 last year, valued at $276 million. The company currently holds 20,315,780 shares of IBIT, valued at $790 million.There were previous community rumors that Jane Street was allegedly suppressing Bitcoin prices through high-frequency trading at 10 AM Eastern Time every morning. Additionally, BlackRock and Morgan Stanley increased their holdings by over 2.37 million shares of IBIT in Q4 last year.

According to the updated information from the official website of the Hong Kong Securities and Futures Commission, Victory Digital Technology Limited's digital asset trading platform VDX has obtained a license to operate a virtual asset trading platform. The institution is authorized to conduct regulated activities under Type 1 (Securities Trading) and Type 7 (Providing Automated Trading Services). At the same time, its subsidiary VDX Custody Limited has also been licensed under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance to provide digital asset custody services. As of now, the number of licensed virtual asset trading platforms in Hong Kong has increased to 12.

X product lead and Solana advisor Nikita Bier posted, announcing that X will launch more detection mechanisms for automated behavior and spam, and will continue to strengthen related measures in the future. If the system detects that an account has not been interacted with by a human, that account and its associated accounts may be suspended, even if used only for technical testing or experimentation, which may trigger restrictions.

According to a report by Reuters, two Democratic senators from the U.S. Senate Banking Committee, Elizabeth Warren and Andy Kim, have written to Treasury Secretary Scott Bessent, requesting a review of a transaction involving an Emirati entity acquiring a stake in a cryptocurrency company owned by the Trump family.It has been reported that a company under the Emirati national security advisor purchased a 49% stake in World Liberty Financial for $500 million. The two senators are calling for an investigation into whether this transaction poses any national security risks.Warren and Kim are asking Bessent, who is responsible for the Committee on Foreign Investment in the United States (CFIUS), to determine whether a CFIUS review is necessary for the Emirati acquisition of the 49% stake in World Liberty Financial, and if so, to conduct a comprehensive, thorough, and fair investigation. They have requested that Bessent respond to several questions by March 5, including whether CFIUS has reviewed the transaction in any form or submitted any recommendations to President Trump.The two senators pointed out that the transaction raises significant national security concerns regarding whether countries like the UAE could potentially access "sensitive personal information" collected by World Liberty Financial.

According to CoinDesk, the U.S. Senate's cryptocurrency market structure bill has stalled over issues related to stablecoin yields.Bankers insist on a complete ban on stablecoin yields, arguing that it threatens bank deposit operations; the Digital Chamber of Commerce released a principles document today in response, willing to forgo interest on static holdings of stablecoins but insisting on retaining reward mechanisms related to liquidity provision and ecosystem participation, especially in the DeFi space. The White House has urged both sides to reach a compromise by the end of the month and may schedule a new round of meetings next week. Digital Chamber of Commerce CEO Cody Carbone stated that if bankers refuse to negotiate, the status quo will be the continued existence of reward mechanisms.

As the selection of the Federal Reserve Chair approaches a conclusion, JPMorgan suggests "selling 2-year U.S. Treasuries" as a tactical trade. The bank expects that, despite Kevin Warsh potentially taking the helm at the Federal Reserve, the room for significant rate cuts will be limited in the context of solid economic fundamentals.JPMorgan predicts that the core CPI in January may rise to 0.39% month-on-month, higher than the market's general expectation of 0.31%, reflecting the price adjustments at the beginning of the year and ongoing price pressures. Strategists point out that strong economic growth and persistent inflation will limit the downward space for front-end rates, stating that "front-end rates are unlikely to significantly decline from current levels."The current market expects the Federal Reserve to cut rates by 25 basis points as early as July, with another cut before the end of the year. The yield on 2-year U.S. Treasuries has slightly rebounded to 3.47% ahead of the CPI data release.However, there are also dissenting voices. David Einhorn, founder of Greenlight Capital, bets that the rate cuts under Warsh's era will exceed market expectations and has purchased SOFR futures to position for a more accommodative policy path.

According to market news, the Indiana Senate Committee is advancing the HB1042 bill, which allows state retirement funds to invest in cryptocurrency.

The Ethereum Foundation officially announced that the Hong Kong Ethereum Community Center is now officially operational.This community center focuses on offline communication, co-creation, and event hosting, and is regarded as an important node for connecting the Ethereum ecosystem in East Asia.

The Chairman of the U.S. Commodity Futures Trading Commission (CFTC), Michael S. Selig, announced the establishment of the Innovation Advisory Committee (IAC) and appointed 35 members to provide recommendations on the regulation of breakthrough technologies such as artificial intelligence and blockchain.Committee members include representatives from blockchain projects such as Vivek Raman of Etherealize, Anatoly Yakovenko of Solana Labs, and Brad Garlinghouse of Ripple, as well as executives from major crypto trading platforms like Coinbase, Crypto.com, and Gemini. Founders of prediction markets Polymarket and Kalshi, as well as representatives from well-known venture capital firms like a16z crypto and Framework Ventures, are also included. Selig stated that the committee will assist the CFTC in developing rules that adapt to market realities, paving the way for a "golden age of American financial markets."

According to The Block, Michael S. Selig, chairman of the U.S. Commodity Futures Trading Commission (CFTC), announced the establishment of an innovation advisory committee consisting of 35 members, with several executives from the cryptocurrency industry appointed.Selig stated that the committee will assist the CFTC in developing a regulatory framework regarding the role of "breakthrough technologies" such as artificial intelligence and blockchain in financial markets, ensuring that its decisions reflect market realities and establishing clear rules for "a golden age of American financial markets." The committee members include representatives from blockchain projects, such as Vivek Raman from Etherealize, Anatoly Yakovenko from Solana Labs, Brad Garlinghouse from Ripple, Sergey Nazarov, CEO of Chainlink Labs, and Hayden Adams, CEO of Uniswap Labs.In terms of centralized exchanges, executives from Bullish, Coinbase, Crypto.com, Gemini, Kraken, Bitnomial, and Robinhood are included. Shayne Coplan, founder of the prediction market platform Polymarket, and Tarek Mansour, founder of Kalshi, have also been appointed. Chris Dixon from a16z crypto, Vance Spencer from Framework Ventures, and Alana Palmedo from Paradigm are also on the list. The committee also includes representatives from traditional financial institutions such as Cboe, CME, DTCC, Nasdaq, and options clearing companies.

Cango releases the latest company updates, covering institutional financing and management shareholding, with key points including:Management and institutional investment: The company has completed a $10.5 million investment closing from EWCL; at the same time, Chairman Mr. Xin Jin and Director Mr. Chang-Wei Chiu have signed an agreement to plan an additional total personal investment of $65 million.EcoHash U.S. subsidiary established: The company has established a wholly-owned subsidiary, EcoHash Technology LLC, in Dallas, serving as the global engine for AI business. Meanwhile, former Zoom infrastructure head Jack Jin has been appointed as CTO, responsible for building the technical foundation for managing ultra-large-scale GPU clusters.De-leveraging and building strength: By adjusting part of the BTC holdings to repay loans, the balance sheet has been significantly strengthened.Ensuring transformation ammunition: Converting some static assets into liquid funds, along with this new financing, ensures the funding sustainability during the transformation period, fully supporting the R&D of AI computing power infrastructure and software orchestration platforms.

U.S. Treasury Secretary Yellen acknowledged during a closed-door meeting with Senate Republicans on Wednesday the suggestion made by some members—that the Senate Banking Committee, rather than the Department of Justice, should investigate Federal Reserve Chairman Powell. A knowledgeable lawmaker stated that this move is intended to "test" whether it might persuade North Carolina Republican Senator Thom Tillis to lift his hold on the Fed nominee."They want to dangle this condition in front of Thom and see if he accepts it," the lawmaker said. "Thom was expressionless at the time." Other sources indicated that this could be a viable compromise.A Republican congressman stated, "What the president wants is an investigation," and having the Banking Committee "satisfy this desire for an investigation" is certainly an option. However, the aforementioned first lawmaker expressed skepticism: "If Thom accepts, I would be quite surprised."

According to Jinjian News, the Hong Kong Securities and Futures Commission issued new guidelines today, allowing licensed brokers providing virtual asset trading services to expand their service scope to margin financing, and providing guidance for virtual asset trading platforms to assist in formulating leveraged product proposals. This move will encourage margin clients with robust credit conditions and collateral to participate more actively in virtual asset trading, enhancing liquidity in the Hong Kong market.