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According to CoinDesk, cryptocurrency exchange Kraken has frozen its IPO plans due to difficult market conditions and may consider restarting once the market improves.Insiders revealed that Kraken's parent company Payward secretly submitted an S-1 registration draft to the U.S. Securities and Exchange Commission (SEC) on November 19 last year. The pause is mainly due to the continuous decline in the crypto market since Bitcoin reached its all-time high last October, with shrinking trading volumes and cautious investor sentiment.

Binance CEO He Yi posted on the X platform, stating, "It's easy to spread fear, uncertainty, and doubt (FUD), but it's always difficult to clear it away."It is reported that Binance has achieved its second victory in a lawsuit related to the U.S. Anti-Terrorism Act (ATA) within two weeks. A U.S. federal court in Alabama dismissed all claims against Binance, which accused it of violating the ATA. This ruling follows Binance's recent victory in the Southern District of New York, where the federal court also dismissed all charges against the company.

According to Jinshi reports, Federal Reserve official Daly stated that the current labor market is unstable, making it difficult to raise interest rates immediately.

According to CloverPool data, the Bitcoin mining difficulty has been adjusted at 1:28 at block height 939,456, with the mining difficulty increased by 0.45% to 145.04 T. Currently, the average network hash rate over the past seven days is 1.02 ZH/s.

According to Jinshi News, Saira Malik from Nuveen Investments stated in a research report that the broad impact of the U.S.-Israel attacks on Iran remains to be seen. He believes that global markets may experience more volatility, and its far-reaching effects will become clearer over time.Although the surge in oil prices may drive up inflation, Malik expects this will not affect the Federal Reserve's policy in the short term. He maintains his forecast of two rate cuts by the Federal Reserve this year and believes that the 10-year U.S. Treasury yield will fluctuate around the 4% range.

According to Cointelegraph, Bitcoin is facing its fifth consecutive month of decline, with a drop of 14%. The current price is fluctuating around $67,720, constrained by resistance at the psychological level of $70,000. Bitcoin is facing a triple resistance cluster on the weekly chart, including the 200-week Exponential Moving Average (EMA) at approximately $68,330, the historical high of $69,000 from 2021, and the $70,000 level.Analyst Captain Faibik believes that if the weekly close is above the 200-week EMA, there is potential for a rebound to $80,000. Furthermore, breaking through the 18-24 month holder cost baseline of $74,500 could signal the end of the bear market.CoinGlass data shows that the last time there was a consecutive five-month decline was during the depths of the bear market at the end of 2018. Historical patterns indicate that such rare consecutive decline cycles are often followed by rebounds, as seen in 2019 when there was a consecutive five-month increase after a decline. Market analysis suggests that as selling pressure approaches exhaustion, reversal signals may emerge in April.

According to GlobeNewswire, Nasdaq-listed company GD Culture announced that its board has authorized the approval to sell, exchange, or dispose of its current holding of 7,500 bitcoins, aiming to fund the previously announced share repurchase plan.It is reported that the sale of these bitcoins will be conducted in multiple phases, executed flexibly by the management in the best interest of the company and its shareholders. The proceeds from the sale of bitcoins will be used to repurchase the company's common stock and cover related expenses, including brokerage commissions, fees, and taxes.

According to Jinshi reports, Federal Reserve official Barkin stated that the current job market is clearly easing, making it difficult to accurately assess the condition of labor supply.

According to CoinDesk, Bitcoin mining difficulty has been adjusted to 144.4 T, an increase of 15%, marking the largest percentage increase since 2021.Prior to this adjustment, mining difficulty had been reduced by 12% due to the impact of winter storms in the U.S. that forced miners to scale back operations. Currently, the total network hash rate for Bitcoin has rebounded to 1 ZH/s, while the price of Bitcoin has risen to around $67,000. Although the hash price is at a multi-year low of 23.9 PH/s, limiting miners' profit margins, large operators with low-cost energy are still actively mining. Among them, the mining operations in the United Arab Emirates hold approximately $344 million in unrealized profits. Additionally, some publicly listed mining companies are shifting their energy and computing power towards AI and high-performance computing data centers. For instance, Bitfarms (BITF) has announced a name change to downplay its Bitcoin identity and increase focus on AI infrastructure, while activist investor Starboard has urged Riot Platforms (RIOT) to further expand its AI data center business.

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.

CZ shared his early career experiences with Chamath Palihapitiya on the All-In podcast, including his work at Blockchain.info (now Blockchain.com) and OKCoin, as well as his deep understanding and value choices in the early Bitcoin industry.Joining Blockchain.info: CZ mentioned that the team had only three members at the time, and he served as the Vice President of Technology. The team later expanded to 18 members, but a restructuring by the CFO led to changes in corporate culture, causing several developers, including CZ, to leave voluntarily. He emphasized that he learned about remote work, the concept of paying salaries in Bitcoin, and how to achieve rapid user growth to around 2 million through "guerrilla" marketing (such as a 150-page post on BitcoinTalk.org).Joining OKCoin: After leaving Blockchain.info, He Yi contacted CZ to invite him to join OKCoin, initially offering a 5% equity stake, but BTC China offered 10%, prompting OKCoin to match the offer within three hours. CZ ultimately chose to join OKCoin in Beijing as CTO, taking on greater business responsibilities.Reasons for leaving OKCoin: CZ revealed that the main reason was a mismatch in culture and values. For example, "It mainly comes down to a mismatch in culture and values; there are some practices I cannot agree with. A simple example is: when they hold events or promote fee discounts, the advertisements make it sound like everyone can enjoy it, but in reality, you have to actively apply to receive it, and it doesn't take effect automatically. Details like this made me uncomfortable." CZ decided to leave in early 2015.

According to Jin Ten, Federal Reserve Governor Milan stated that it makes sense to utilize the Federal Reserve's balance sheet during difficult times.

At the Gate Annual Gala, Gate founder and CEO Dr. Han stated that in the rapidly changing Web3 industry, long-termism and a positive culture are the key foundations for the sustainable development of the platform.According to on-site sources, Dr. Han pointed out that as an international platform with nearly 3,000 employees worldwide, Gate encourages a responsibility and results-oriented work approach, opposes formalism and inefficient internal friction, and advocates for teams to maintain clear judgment and execution in complex environments. He emphasized that true professionalism is not about "completing tasks," but about being accountable for results, thinking proactively, and reducing systemic risks.On the team collaboration front, Dr. Han stressed the importance of a global perspective, believing that organizational efficiency comes from trust, collaboration, and mutual achievement, rather than from a single point of dominance. He further stated that Gate will continue to adhere to an elite hiring philosophy, allowing contributions and rewards to form a positive cycle under a fair and transparent evaluation mechanism, promoting the joint growth of the team and the platform.

At today's Bybit annual gala, Bybit Co-CEO Helen Liu addressed global employees, elaborating on the company's long-term development philosophy and future vision. Helen stated that whether in advancing the company's growth or caring for employees, Bybit adheres to the principle of "Listen, care, improve."According to on-site sources, Helen particularly mourned a Bybit employee who passed away unexpectedly, expressing that their spirit will always accompany the company and conveying her appreciation for every employee. She emphasized that for a company to progress steadily and sustainably, it must focus not only on user value and industry innovation but also deeply embed employee care into its culture. Only by uniting the team and moving forward together can the company maintain strategic patience, accumulate long-term value, and navigate through cycles toward a brighter future.

According to Jinshi News, Monex USA's Washington trading director Juan Perez stated that it is reasonable for the Federal Reserve to remain cautious and not adjust interest rates amid market uncertainty. There is still a lack of consensus among the committee members, so this decision helps to alleviate some of the pressure the dollar has been under since January 20. Perez believes that the Federal Reserve's policy path will remain quite unpredictable.

According to Decrypt, the free role-playing game "Forgotten Runiverse," based on the Ethereum scaling network Ronin, announced that it will shut down its servers and suspend operations this Tuesday. The game development team stated on the social media platform X that despite their efforts to overcome many obstacles, "it has reached a point where maintaining the game environment in its current state is no longer financially viable.""Forgotten Runiverse" is set in the story background of the Ethereum NFT collection "Forgotten Runes Wizard's Cult," which launched globally last year but announced its closure in less than a year. The team stated that all accounts and progress data will be securely saved, but the game will be inaccessible while the team evaluates potential development paths.

Vitalik Buterin published an article explaining his layered understanding of blockchain scalability, pointing out that the difficulty of scaling blockchains increases from low to high in terms of computation, data, and state.Vitalik stated that computation is the easiest to scale, which can be achieved through parallelization, introducing "hints" provided by block builders, or replacing extensive computation with proofs such as zero-knowledge proofs. Data scalability is of medium difficulty; if the system requires data availability guarantees, this requirement cannot be avoided, but it can be optimized through data sharding, erasure coding (like PeerDAS), and supporting "graceful degradation," meaning that blocks of a corresponding size can still be generated even when node data capabilities are lower.In contrast, state is the most challenging part to scale. Vitalik pointed out that to validate even a single transaction, nodes require the complete state; even if the state is abstracted as a tree and only the root node is saved, updating that root still relies on the complete state. Although there are methods for state sharding, they typically require significant architectural changes and are not universal solutions.Based on this, Vitalik concluded that if data can replace state without introducing new centralization assumptions, it should be prioritized; similarly, if computation can replace data without introducing new centralization assumptions, it should also be taken seriously.

After setbacks in negotiations over cryptocurrency market legislation in the Senate Agriculture Committee, a Democratic senator's aide stated that the Democratic side is still willing to return to the negotiating table to push for a bipartisan compromise.The aide revealed that at the beginning of the new year, Democratic members were "caught off guard" during the negotiations, as the Republican side drafted a new version of the bill without sufficient consultation and originally planned to move directly into the markup process in mid-January. In response, the Democratic side hopes to re-engage with the committee chair, Republican Senator John Boozman's team, before a vote this week to strive for a bipartisan consensus.The Senate Agriculture Committee was originally scheduled to hold a markup and voting session on cryptocurrency legislation this Tuesday, but it has been postponed to Thursday due to severe weather in Washington. Meanwhile, some Democratic lawmakers are actively pushing to restart negotiations to reach a bipartisan-approved text before the hearing.The cryptocurrency market structure bill aims to establish a federal regulatory framework for digital assets, including clarifying the regulatory division between the SEC and CFTC, as well as related disclosure requirements. Analysts point out that, given that both the Senate Banking Committee and the Agriculture Committee need to advance their respective versions of the bill, bipartisan cooperation remains a key prerequisite for the smooth progress of the legislation.