credibility

According to Jinshi reports, Federal Reserve Vice Chairman Jefferson stated that anchoring expectations indicates that the Federal Reserve still has credibility regarding its inflation targets.

Web3 governance reputation platform DAO AI has officially launched the 0G mainnet, anchoring DAO governance reputation to a decentralized data availability layer. The platform aims to address the challenges of lacking long-term memory and reputation records in DAO governance by transforming governance data such as participation frequency, contribution levels, and representative actions into a permanent on-chain state, thereby building an immutable and verifiable governance reputation layer.In terms of technical implementation, DAO AI utilizes 0G storage technology to record all governance actions, including participation timestamps, representative actions, and reputation updates, ensuring the transparency and auditability of governance history. Unlike traditional off-chain statistics or temporary analyses, this system makes reputation a fundamental primitive acquired through actions rather than capital, and is directly protected by the storage layer. With the high throughput and data availability guarantees of the 0G network, DAO AI provides infrastructure support for the long-term preservation and cross-protocol access of governance data, helping DAOs establish trustworthy governance records.

Web3 asset data platform RootData published a daily transparency alert on Twitter (X), stating that projects such as CureX, Blocktrade, BETRMINT, ABCC, TradeOgre, and Bilaxy are missing core information. It calls on project teams to submit/update their information on RootData to improve their transparency scores. Additionally, RootData stated that it will continue to monitor and expose "black box" projects that lack core information.It is reported that the RootData transparency score is used to measure the integrity and timeliness of projects, aiming to reflect the information disclosure status of the projects. The transparency score is divided into 5 levels from A to F, with lower scores indicating that the project's information disclosure is less complete and the risk of malfeasance is higher, requiring investors to exercise heightened caution.

RootData has launched a token unlock bounty program aimed at co-building data transparency for the Binance Alpha project and ensuring investors' right to know. The event runs from January 8 to 18. Participants can enter the RootData official collection “Dig Deep into Binance Alpha Projects Transparency” and review the projects within, providing feedback on the project detail pages, to compete for generous rewards.It is reported that compared to the previous bounty program, this event has a broader range of feedback types, not limited to missing or mismatched token unlock information, but also supporting feedback on missing/ambiguous core team or controlling person information, suspicious financing data, and information inconsistent with Binance's official disclosures.The total prize pool for this event has been reset to 5000 USDT, embodying the core philosophy of "data is king" to ensure investors' right to know and market fairness. RootData emphasizes that the bounty program is not just about rewards, but aims to lay a transparent foundation for the blockchain data ecosystem, empowering the community to build a trustworthy future together.Click to view detailed rules | event collection.

According to Jinshi reports, Federal Reserve's Bostic stated that years of failing to meet the inflation target "could very likely jeopardize" the credibility of the Federal Reserve.

Web3 asset data platform RootData tweeted that its first phase of the Token Unlock Deep Dive Bounty Program is in full swing! As of now, the platform has received feedback from the first batch of users, which includes:Accurate unlocking data with reliable sources. For example, Plasma, Stable.Vague unlocking data with unclear source information, temporarily unable to verify the submitted unlocking rules. For example, Hyperion, Bubblemaps.Some irrelevant feedback, such as coin prices, circulation, and other non-core unlocking rule information.It is reported that RootData is verifying the validity of the unlocking data submitted by users with the project parties. If the project parties do not respond during the event, the platform will consider the existing document content as the correct token unlocking data. Additionally, if participating users provide feedback unrelated to token unlocking rules, they will be rewarded with points after passing the platform's review.RootData always emphasizes Web3 transparency and opposes any behind-the-scenes dumping behavior. The bounty program aims to encourage project parties to publicly disclose unlocking rules and protect investors' right to know! There are 8 days left for this token unlocking bounty program, click to see event details.

According to Jin10 data reports, after a record-breaking shutdown period, the U.S. government has resumed operations, marking the imminent release of key indicators for analyzing the health and development trajectory of the U.S. economy."This period has felt like flying blind in the fog," said Mark Zandi, chief economist at Moody's Analytics. "We have completely lost our navigational tools." Zandi noted that data from private institutions has prepared people for the potential outcomes of official data; however, if the actual data deviates from expectations, the market may experience significant volatility. "If the official data aligns with expectations, then everyone will be happy," he said, "but if the released data—whether positive or negative—deviates from our expectations, it could raise questions in the market about the effectiveness of the Federal Reserve's policies during the government shutdown."

According to Jinshi reports, Federal Reserve official Harker stated that inflation must be reduced to maintain the credibility of the Federal Reserve.

ChainCatcher message, on-chain analyst MLM pointed out in a personal channel that the whale who sold over $4.23 billion in BTC to swap for ETH is Garrett Jin, who has a relatively high credibility. However, there are some questions raised about this, including: why did Garrett expose his identity through an ENS domain; why did CZ personally post to verify the authenticity, as he used Binance, which should have KYC information available; and why can a "worker" possess billions in BTC assets.It is reported that a community user previously referred to Garrett Jin as one of the "culprits of the 1011 crash." In August and September of this year, this whale sold over 35,000 BTC to swap for ETH using a series of wallets and also engaged in BTC short selling. As of now, Garrett Jin still holds 46,295 BTC across multiple wallet addresses, worth $5.19 billion.

ChainCatcher news, according to Jinshi reports, Federal Reserve official Barr expressed concern that the reforms being considered by the Federal Reserve may lead to stress tests being unable to effectively assess the resilience of large banks, losing credibility, thereby putting the financial system and the economy at risk.

ChainCatcher news, according to Jinshi reports, Federal Reserve's Kashkari chose to cut interest rates while the inflation rate remains above the target level, emphasizing that "maintaining credibility" is the issue that needs more attention at present. He stated that the reasons for the rate cut need to be explained to the public and pointed out that the weak labor market supports the rate cut. He is confident in bringing the inflation rate back to the 2% target level.

ChainCatcher news, Grayscale's latest macro research report points out that the U.S. government's commitment to maintaining low inflation is facing a credibility crisis due to high debt levels, rising interest rates, and ongoing deficit spending. If investors begin to doubt the stability of the dollar as a store of value, they may turn to alternative assets such as cryptocurrencies.The report states that Bitcoin and Ethereum, as the core currency assets of the crypto market, have a limited and transparent supply mechanism, giving them the potential to hedge against the depreciation of fiat currencies in a macro environment. Similar to gold, their value comes from "not being passively expanded in supply due to government debt demands." Grayscale emphasizes that the current unsustainable growth of public debt is driving global demand for crypto assets, but if governments strengthen fiscal discipline and reaffirm central bank independence in the future, it may weaken the demand for cryptocurrencies.

ChainCatcher news, according to Jinshi citing the Wall Street Journal, U.S. Treasury Secretary Besant stated that in order to ensure the future and stability of the U.S. economy, the Federal Reserve must re-establish its credibility as an independent institution.An honest, independent, and non-partisan review of the entire institution must be conducted, including monetary policy, regulation, communication, staffing, and research. Looking ahead, the Federal Reserve must reduce the distortions it causes to the economy.

ChainCatcher news, according to Jinshi reports, Goldman Sachs stated that if the credibility of the Federal Reserve is damaged, investors may exchange a small portion of U.S. Treasury bonds for gold, and the gold price could rise to nearly $5,000 per ounce.

ChainCatcher message, regarding the controversy triggered by Trump's dismissal of Federal Reserve Governor Cook, former U.S. Treasury Secretary Yellen stated: Trump claims to have "fired" Cook for "just cause," but this action is not only illegal but also extremely dangerous. It is a direct attempt to politicize the Federal Reserve, an intimidation of its leadership, and an effort to force monetary policy to submit to the president's will.This move could end the independence of the Federal Reserve—resulting in a collapse of the credibility of U.S. monetary policy both domestically and internationally. Yellen calls on Congress to defend the independence of the Federal Reserve, the courts must reject this illegal abuse of power, and the financial community must speak out against this direct attack on the credibility of the dollar.

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Basent stated that the independence of the Federal Reserve stems from a political arrangement, and public trust is the only factor that grants credibility to the Federal Reserve.

ChainCatcher news, Swiss Bank senior analyst Ipek Ozkardeskaya said that if the U.S. non-farm payrolls remain below 50,000 for six consecutive months, it will be seen as a signal of economic recession. Therefore, the U.S. may have already achieved half of this. The good news is that concerns about a recession have strengthened expectations for a Federal Reserve rate cut; the bad news is that a weak economy is not part of Trump's promises. Rate cuts will not magically save the market, and blaming the consequences of the government's chaotic policies on the Bureau of Labor Statistics may undermine the credibility of U.S. economic data.

ChainCatcher news, according to CCTV News, Trump officially signed the "Guidance and Establishment of the United States Stablecoin National Innovation Act" (referred to as the "Genius Act") at the White House, marking the first establishment of a stablecoin regulatory framework in the United States. Trump stated that stablecoins help increase demand for U.S. Treasury bonds, lower interest rates, and consolidate the dollar's status as the global reserve currency. He reiterated that "a central bank digital currency will never be allowed in the United States."The "Genius Act" requires that stablecoins be backed by liquid assets such as U.S. dollars or short-term U.S. Treasury bonds, and issuers must disclose reserve details monthly. Currently, the two largest stablecoins, USDT and USDC, account for nearly 90% of the total market capitalization. According to statistics, the stablecoin market size is approximately $247 billion, and U.S. Treasury Secretary Yellen expects it to grow to $3.7 trillion by 2030.Experts point out that the U.S. push for stablecoins aims to leverage the existing advantages of the dollar to maintain its dominant position in the global currency and payment system, with some views suggesting that this move could alleviate pressure on U.S. debt. However, some Democratic lawmakers question the bill's failure to provide sufficient consumer and financial stability protections and point out the connections between the Trump family and cryptocurrency. Some Republican lawmakers also believe that the bill conflicts with Trump's previous executive order banning central bank digital currencies.