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"Fed's mouthpiece" Nick Timiraos stated that the content not mentioned in this Federal Reserve meeting minutes is more worthy of attention. He pointed out that in several meetings last year until December, staff predicted that the inflation rate would fall to 2% by 2027, but the December minutes pushed the timeline back to 2028.In the January meeting minutes, there was no specific mention of when the inflation rate would reach 2%, only indicating that the values were "slightly higher and balanced" compared to the December forecast, and it was expected that the impact of tariffs would end after mid-year, with inflation returning to the previous downward trend. The previous mention of "reaching 2% by 2028" did not reappear.Nick Timiraos hinted that this reflects a weakening confidence from the Federal Reserve regarding the inflation path, influenced by tight resource utilization and rising import prices. The official minutes confirmed a slightly higher forecast than in December but did not specify a return year, highlighting policy uncertainty.

According to CNBC, Wells Fargo stated that some taxpayers may receive larger refunds this year compared to previous years, which could drive funds into risk assets such as stocks and Bitcoin. This is due to provisions in the Inflation Reduction Act passed last summer that are favorable to taxpayers in 2025.Additionally, the IRS did not update its withholding tax tables last year, so wage earners are less likely to face surprises from adjustments to taxes already withheld.Wells Fargo noted in its latest analyst report that these factors could lead to as much as $150 billion flowing into the market by the end of March, as over 60% of refunds are issued.The bank's analysts added that the expected liquidity injection could boost Bitcoin as well as stocks favored by retail investors, such as Boeing and Robinhood. Wells Fargo analyst Ohsung Kwon stated in a report on Sunday, "We believe the additional savings from tax refunds—especially for high-income consumers—will flow back into the stock market.""Increased savings will drive speculative sentiment... We expect the 'YOLO' mentality to return." The analysts pointed out that Bitcoin could serve as a proxy indicator for liquidity, signaling a shift in investment patterns. According to Wells Fargo data, domestic liquidity has decreased by $105 billion over the past four weeks, while Bitcoin has retraced about 29% in the past month.

According to Jinshi reports, Federal Reserve Governor Barr stated that it is a prudent move for the Federal Reserve to take time to observe data before adjusting policy again.

According to PR Newswire, Bitcoin treasury company Hyperscale Data announced the launch of an ATM equity issuance plan, aiming to raise $35.4 million through the issuance of Series D cumulative redeemable preferred stock.The net proceeds will be used to increase Bitcoin holdings, as well as to purchase precious metals, including gold, silver, and/or copper, and will also be used for working capital and general corporate purposes, including repayment, refinancing, redemption, or repurchase of future debt or equity.

Jim Moloney, head of the SEC's Division of Corporation Finance, stated that they are working to expedite the development of regulatory rules. The division will primarily focus on reforms related to crypto assets and is preparing to submit two key proposals regarding crypto assets to the Commission: first, to provide interpretive guidance that offers a clear classification for crypto assets and describes the framework for determining when crypto assets are subject to investment contract obligations; second, to develop a reasonable regulatory structure proposal for the issuance and sale of such securities that are subject to investment contract obligations.Additionally, the division will continue to provide market clarity through statements and no-action letters. Jim Moloney also mentioned that other ongoing work by the SEC includes: implementing the Holding Foreign Companies Accountable Act (HFCAA); creating an option for semi-annual reports instead of quarterly reports; and alleviating regulatory burdens under Regulation S-K, including executive compensation disclosures.

Bubblemaps disclosed on platform X that Trove Markets has quietly refunded the KOLs who participated in the presale, while other presale participants suffered heavy losses. By monitoring wallets associated with the TROVE token deployer, it was discovered that one day after the token crash, $100,000 worth of USDC and $350,000 worth of USDT were transferred to a newly funded wallet. On-chain evidence and leaked chat records have now been obtained, proving that the project team has engaged in improper behavior by treating investors differently.After raising $11.5 million through an ICO in January, Trove stated that it would retain $9,397,403 to continue building PerpDEX on Solana. This move sparked strong dissatisfaction within the community, with the token price dropping over 95%, resulting in severe losses for ICO participants, who accused the team of a rug pull. According to community feedback, the project has issues such as "paying KOLs for promotion, with funds flowing to entertainment platform deposit addresses."

According to Bloomberg, MicroStrategy CEO Phong Le stated in an interview that the company will gradually shift from relying on issuing common stock to raising funds through the issuance of preferred stock for subsequent Bitcoin purchases.

Strategy CEO Phong Le stated in a Bloomberg live broadcast that Strategy will begin to shift from equity financing to preferred stock financing to raise funds for purchasing BTC.

According to CoinDesk, the perpetual preferred stock STRC issued by Strategy has re-entered the $100 par value during U.S. trading hours on Wednesday, marking the first time since mid-January.This price level is a critical threshold for the company to initiate a market price issuance to further increase its Bitcoin holdings. STRC reached $100 on January 16, when Bitcoin was around $97,000. On February 5, when Bitcoin fell to $60,000, STRC briefly dipped to $93, but has recently recovered its par value with the market rebound. This product employs a monthly dividend reset mechanism, with a current annualized dividend yield of 11.25%, aimed at smoothing volatility and incentivizing the trading price to approach par value.

According to Bloomberg, Strategy CEO Phong Le stated in an interview that the company will issue more perpetual preferred shares to alleviate investor concerns about the volatility of its stock price. Le mentioned that the company provides investors with a tool through the issuance of perpetual preferred shares (product name "Stretch") that offers "exposure to digital capital while avoiding volatility risk."The product has a monthly reset dividend yield, currently at 11.25%, aimed at stabilizing its trading price around the $100 par value. So far, preferred shares have made up a small portion of Strategy's financing. The company has sold approximately $370 million in common stock and $7 million in perpetual preferred shares to fund its recent Bitcoin purchases over the past three weeks.Le's statement aligns with the previous public remarks of Executive Chairman Michael Saylor. Saylor stated in an interview with CNBC on Tuesday that concerns about the market forcing the company to sell its holdings due to Bitcoin's decline are "unfounded," and reiterated the company's plan to "continue buying Bitcoin every quarter."

Bitwise Chief Investment Officer Matt Hougan stated in the ETF Edge program that the recent decline in Bitcoin is not caused by a single factor, with the four-year cycle being a major downward catalyst. Matt Hougan pointed out that investors have recently favored assets like gold and AI stocks over cryptocurrencies. Additionally, the market is also affected by quantum risks and concerns regarding Kevin Warsh.Despite Bitcoin's price briefly falling below $61,000, reaching a nearly 16-month low, Matt Hougan believes that the financialization process of Bitcoin has not changed its supply scarcity. Currently, Bitwise manages over $15 billion in assets, and its Bitwise Solana Staking ETF has dropped about 57% since its launch last October.

According to The Block, research firm Bernstein analyzed that the stock price of IREN, a Bitcoin mining company transitioning to AI computing services, fell sharply after releasing its financial report. The main reason was market disappointment over the lack of new large AI partnership announcements, rather than a deterioration in fundamentals.The company's stock price dropped about 18% after the earnings report, to approximately $39.79. Bernstein analysts believe that the volatility of Bitcoin-related earnings is no longer the core investment logic for IREN, and investors are more focused on its progress in transitioning to AI cloud infrastructure. Although IREN's Bitcoin mining revenue decreased quarter-over-quarter this quarter, its AI cloud revenue more than doubled compared to the previous quarter. The company has secured approximately $2.3 billion in annual recurring revenue contracts for AI cloud services and expects this to grow to $3.4 billion by the fourth quarter of 2026, equivalent to deploying about 140,000 GPUs.Bernstein maintains an "outperform" rating on IREN with a target price of $125, viewing this decline as a reset of expectations rather than a signal of deteriorating execution capability.

Binance stated that it has processed 38,648 erroneous deposit cases in 2025, refunding users over 48 million dollars. The total amount of funds recovered by Binance has exceeded 1.09 billion dollars.

The founder of Aave, Stani.eth, announced the gradual shutdown of the Family iOS wallet, but it will continue to support the Aave App as infrastructure. Aave Labs will no longer use the Avara umbrella brand, which included the Family brand and the Lens brand, while Lens is now managed by Mask.Aave plans to concentrate resources on enhancing the Aave brand awareness to refocus on its DeFi business.

Step Finance issued a statement regarding a hacking incident on platform X, disclosing that approximately $40 million was stolen from its treasury due to the compromise of an executive's device. After detecting the security vulnerability, they collaborated with cybersecurity researchers and relevant authorities to initiate an investigation into the attack and notified law enforcement. During this period, some operational activities were temporarily halted, and approximately $3.7 million in Remora assets and $1 million in other positions have been recovered.As the largest liquidity provider for Remora Markets, LP activities will resume once the system is fully secure. Remora Markets is not related to this incident, and all rTokens are still backed 1:1 by custodial collateral. At this stage, it is advised that anyone refrain from using STEP tokens until the investigation is complete. A system snapshot will be taken prior to the exploitation to ensure the safety of STEP token holders, and any updates will be released immediately once there is progress.

According to Jin Shi reports, Morgan Stanley stated in a report that under the leadership of Powell, any substantial changes are more likely to gradually manifest through balance sheet policy rather than interest rates. Reducing the size of the Federal Reserve's balance sheet means lowering banks' demand for reserves, a process that takes time and also requires adjustments to the regulatory framework.Morgan Stanley added that a Federal Reserve with a smaller "presence" should drive the yield curve to steepen.

Vitalik Buterin proposed the main patterns for the future of on-chain mechanism design: mechanisms similar to prediction markets that maximize openness and accountability (anyone can buy and sell, good decisions make money, bad decisions lose money), suitable for being a "decentralized execution layer"; decentralized, diversified, non-tokenized preference settings (anonymous voting, preferably MACI to prevent collusion), maximizing intrinsic motivation space, avoiding token holders from monopolizing control. Prediction markets are the best primitive for achieving "decentralized governance."

According to Jinshi reports, Federal Reserve Chairman Powell stated that the slowdown in job growth reflects a decline in the labor force, although labor demand has also noticeably weakened.