dust

According to Gate market data, during the U.S. trading session on Friday, the Dow Jones Industrial Average historically broke through the 50,000-point mark, marking the latest milestone achieved by the U.S. economy after years of strong growth. Chris Hyzy, Chief Investment Officer at Bank of America Merrill Lynch Private Bank, stated that opportunities in the U.S. market are not over yet. Although the Dow is steadily moving towards the 100,000-point threshold, price pressures and weak job growth remain warning signals.

According to Gate market data, the Dow Jones Industrial Average broke through the 50,000 point mark, reaching an intraday historical high, with a daily increase of 2.25%.

According to The Block, U.S. Senator Cynthia Lummis called for the banking industry to embrace stablecoins and digital assets during an interview, believing that this will bring new product opportunities for traditional financial institutions.She pointed out that stablecoins can significantly reduce settlement times and costs, thereby greatly enhancing the efficiency of domestic and international transactions. Providing custody and payment services for this will open up more business possibilities for banks. Lummis currently serves as the chair of the Senate Digital Assets Subcommittee.She emphasized that she does not understand why the banking industry resists digital assets, as this actually provides banks with new financial products to offer to customers. The current disagreement between banks and the cryptocurrency industry over stablecoin yield terms remains a key factor delaying the passage of the U.S. cryptocurrency market structure bill.

According to the "January 2026 Mainstream Cryptocurrency Exchange Reserve Ranking Report" published by CoinMarketCap, Gate ranks fourth among mainstream exchanges in terms of total reserves. The report shows that Binance, OKX, Bybit, and Gate have entered the industry's top tier with a robust asset structure and high transparency.The CMC report points out that, in terms of reserve structure, Gate maintains a high reserve allocation ratio for assets beyond mainstream cryptocurrencies, reflecting a more diversified asset coverage structure. As the first mainstream exchange to commit to 100% reserves, Gate has pioneered the introduction of zero-knowledge proof technology, integrating various technical means such as cold and hot wallet verification, Merkle tree structures, and user balance snapshots to ensure the authenticity and verifiability of asset reserves.As of January 6, 2026, Gate's overall reserve coverage ratio has increased from 124% to 125%, with a total reserve value of $9.478 billion, significantly exceeding the industry safety benchmark of 100%, supporting nearly 500 different types of user assets.

According to Cointelegraph, Coin Metrics pointed out that since Ethereum completed the Fusaka upgrade in December 2025, network fees have significantly decreased, making on-chain operations more convenient. Currently, Ethereum's daily transaction volume has exceeded 2 million, and the number of active addresses has increased by 60% compared to previous averages.Coin Metrics noted that the low Gas fees have led to a surge in "dusting attacks": such stablecoin (USDC and USDT) "dust transactions" currently account for about 11% of Ethereum's total transaction volume and 26% of daily active addresses. Before the upgrade, "dust transactions" only accounted for 3%-5% of the transaction volume, and this proportion has increased by 2-3 times after the upgrade. "Dusting attacks" refer to hackers sending small amounts of tokens to random addresses to track wallets or cause network chaos.

According to official news, Gate founder and CEO Dr. Han has confirmed his attendance at the upcoming Consensus HK conference, where he will also participate in a series of industry exchange activities hosted by Gate and deliver a keynote speech during the event, engaging in in-depth discussions with global Web3 industry practitioners.Consensus HK will take place from February 10 to February 12, gathering core industry participants including representatives from global investment institutions, traditional finance practitioners, Web3 entrepreneurs, and protocol parties. During the conference, Dr. Han will deliver an important keynote speech, sharing Gate's practices and thoughts on globalization, compliance development, and Web3 infrastructure construction. At that time, Gate will also host various forms of exchange activities around core topics such as investment, technology, and institutional collaboration, building a high-quality dialogue and collaboration platform to promote in-depth interaction between different circles and ecological roles.As a leading global cryptocurrency trading platform, Gate is deeply involved in major global Web3 industry summits, connecting capital, technology, and application ecosystems through diverse offline exchange scenarios. In the future, Gate will continue to promote industry communication and cooperation, driving the long-term construction and collaborative development of Web3. More information about related activities will be announced in the near future, so please stay tuned.

According to Gate market data, the Dow Jones Industrial Average closed up 515.19 points on February 2 (Monday), an increase of 1.05%, at 49,407.66 points; the S&P 500 index rose by 37.41 points, an increase of 0.54%, at 6,976.44 points; the Nasdaq Composite Index increased by 130.29 points, an increase of 0.56%, at 23,592.11 points.

Dragonfly managing partner Haseeb posted on platform X that in the past few months, the public perception of Binance founder Zhao Changpeng (CZ) has seen a significant reversal: he was once viewed as a "hero" by some in the community upon his release, but currently, some opinions equate him with negative figures like SBF. He believes that both extreme views are unreasonable, but they reflect an interesting phenomenon of changing market sentiment.CZ subsequently responded that both viewpoints are overly simplistic and may be related to changes in market cycles and the macro environment. For example, the crypto industry previously experienced a more sympathetic sentiment under regulatory pressure, while currently, in a relatively friendlier policy environment, if Bitcoin does not continue to reach new highs, market sentiment may turn negative. This could also simply be a change in sentiment driven by bull and bear cycles. He stated that the team will continue to focus on building and thanked the community for their support.

With the recent international gold prices reaching new highs, gold trading remains active. According to Gate TradFi data, XAUT (gold) peaked at $5,637.4 per ounce within 24 hours. Despite a pullback after consecutive increases and heightened price volatility, the market remains active, indicating ongoing interest in gold during the adjustment phase.According to CoinGlass data, the trading volume of XAUT (gold) contracts on the Gate platform reached $385 million in the past 24 hours, an increase of 116.44%, ranking second in the industry. Gate contracts have fully laid out traditional financial assets, supporting 24/7 uninterrupted contract trading, with a maximum leverage of 100 times. Additionally, Gate ETF has launched leveraged tokens XAU3L/XAU3S, supporting 3 times long/short positions.Gate TradFi offers CFD trading services covering traditional financial assets such as gold, silver, foreign exchange, indices, commodities, and some popular stocks, with a maximum leverage of 500 times. Gate provides various wealth management options for gold-related assets: Gate Yubibao XAUT's estimated annualized yield reaches 1.97%; Gate CandyDrop has launched an exclusive airdrop event for precious metals and indices, with a total prize pool of 20 XAUT (approximately 622g of physical gold), and individuals can receive up to 0.15 XAUT (approximately 4.665g of gold).In addition, Gate comprehensively covers core gold assets across multiple product lines, including spot trading, instant exchange, copy trading, and trading bots, continuously creating a one-stop, diversified investment trading experience that synergizes crypto assets with traditional financial assets for users.

The Financial Services Commission (FSC) of South Korea has proposed to limit the shareholding ratio of individuals or companies in cryptocurrency exchanges to 15-20% to avoid conflicts of interest. The FSC chairman stated that exchanges have become part of the financial system and should establish corresponding governance structures. The proposal views exchanges as public infrastructure but has faced opposition from the ruling Democratic Party and the industry.Currently, major exchanges in South Korea are controlled by single founders or companies: Upbit operator Dunamu's founder holds 26%, Nexon owns over 60% of Korbit, Binance controls over 67% of GOPAX, and Coinone's founder holds 53%. Analysts point out that while the regulatory stance is firm, friction with the government and industry will continue, creating a potential deadlock. If the new regulations are implemented, all major exchanges will need to adjust their equity structures.

As the participation of traditional financial assets in the crypto market continues to rise, the trading activity of contracts related to precious metals and commodities has significantly increased. According to data from the Gate platform, palladium (XPDUSDT) is currently priced at 2,085.72 USDT, with a 24H increase of 6.56%; copper (XCUUSDT) is currently priced at 6.239 USDT, with an increase of 5.19%.In addition, the Gate platform has launched metal contracts such as copper (XCUUSDT), platinum (XPTUSDT), palladium (XPDUSDT), aluminum (XALUSDT), nickel (XNIUSDT), and lead (XPBUSDT) as industry firsts, demonstrating outstanding performance in key indicators such as order book depth, transaction continuity, and spread control, ranking among the top in similar products.Gate has fully established a TradFi trading area in the contract sector, covering traditional financial assets including precious metals, stocks, foreign exchange, commodities, and indices, supporting various contract trading targets such as gold, silver, crude oil, euro, pound, Dow Jones Industrial Average, and Hang Seng Index. Related products support uninterrupted trading 7×24 hours, offering up to 100 times leverage, continuously creating an integrated market for users to trade crypto assets alongside traditional financial assets.

Liquid Capital (formerly LD Capital) founder Yi Lihua called on Zhao Changpeng and He Yi to use part of Binance's profits to buy BTC/ETH and other crypto assets.He stated, "Companies like Tether and Binance operate as industry siphons, earning tens of billions of dollars in profits each year, having succeeded during the early wild growth of the crypto space. Tether, as a non-compliant stablecoin company, has made substantial profits in the crypto space while using those profits to buy gold aggressively. From an investment perspective, it is successful; however, from the standpoint of industry development and respect, it is a failure. In contrast, compliant stablecoins like USD1, which subsidize users through WLFI while continuously purchasing industry assets like ETH, are truly building the industry.""I hope Zhao Changpeng, if he genuinely believes in the super cycle and He Yi sees the arrival of the Bitcoin era, should use part of Binance's profits to buy BTC/ETH, as this would truly align words with actions, genuinely keep building, and earn more respect. Of course, I also hope other platforms will follow suit; only a bull market in the industry can lead to a better future for everyone, while those large short sellers are the real tumors in the industry."

The cryptocurrency asset management company Bitwise stated in its latest blog that as the U.S. CLARITY Act is stalled in Congress, the crypto industry is facing a critical turning point, with short-term trends potentially shifting from a speculative bull market to a more challenging "results-driven" phase.Bitwise Chief Investment Officer Matt Hougan pointed out that the CLARITY Act is crucial for "cementing" the currently relatively friendly crypto regulatory environment into a long-term legal framework. Without clear federal legislation, the crypto industry will remain exposed to the risks of future government policy swings. Recently, market expectations for the passage of the bill have significantly cooled, with related probabilities on Polymarket dropping from about 80% at the beginning of the year to around 50%. Coinbase CEO Brian Armstrong has also publicly stated that he has withdrawn support for the bill due to concerns that the current draft may harm consumer interests and stifle competition.Hougan believes that if legislation continues to stagnate, the crypto industry may need to emulate disruptive companies like Uber and Airbnb, which grew in regulatory gray areas, to make stablecoins and tokenized assets an "indispensable" infrastructure in the U.S. economy within the next three years. If successful, regulation will eventually be forced to follow; if scaling fails, future political changes could severely impact the industry.In terms of market impact, Bitwise sees two potential paths: if the CLARITY Act passes in a viable form, the market may quickly price in expectations for the definitive expansion of blockchain finance, driving prices significantly higher; conversely, if the legislation fails, the market may enter a wait-and-see period, with valuations suppressed by regulatory uncertainty, and returns becoming more reliant on real-world applications.Wall Street firm Benchmark also noted that legislative setbacks will delay rather than end the maturation process of the crypto industry, with the U.S. market potentially remaining below its potential level for some time. Capital is likely to favor Bitcoin-related exposure, robust balance sheets, and cash-flow-generating infrastructure, while remaining cautious in regulatory-sensitive areas such as exchanges, DeFi, and altcoins.

According to the official announcement, Gate will launch multiple perpetual contract spot trading (USDT settled) on January 27 at 16:00 (UTC+8), further enhancing the global multi-asset trading landscape.The newly launched perpetual contracts cover several core sectors including precious metals, indices, forex, and commodities, including:Precious Metals Zone: XAL (Aluminum), XCU (Copper), XNI (Nickel), XPB (Lead), supporting 1--10x leverage.Indices Zone: US30 (Dow Jones Industrial Average), HK50 (Hong Kong Hang Seng Index), JPN225 (Nikkei Index), supporting 1--10x leverage.Commodities Zone: XTI (WTI Crude Oil), XBR (Brent Crude Oil), supporting 1--10x leverage.Forex Zone: EURUSD (Euro/US Dollar), GBPUSD (British Pound/US Dollar), supporting 1--100x leverage.Currently, Gate has launched precious metals, stocks, forex, commodities market, and traditional financial trading zones, covering various contract trading targets including gold, silver, crude oil, euro, pound, Dow Jones Industrial, Hang Seng Index, etc., with a maximum support of 100x leverage, continuously providing users with a synergistic trading experience between crypto and traditional financial assets.

According to Jinshi reports, the Dow Jones Index closed up 313.69 points on January 26 (Monday), an increase of 0.64%, at 49,412.4 points; the S&P 500 Index closed up 34.62 points, an increase of 0.5%, at 6,950.23 points; the Nasdaq Composite Index closed up 100.11 points, an increase of 0.43%, at 23,601.36 points.

The regulation of cryptocurrency assets in the United States is accelerating further. If the proposed Crypto Market Structure Bill is ultimately passed, it will clarify the regulatory authority of federal agencies over digital assets, making cryptocurrencies easier to manage, track, and trade, potentially attracting more investors and enhancing token value.It is reported that crypto platforms like Coinbase and Kraken plan to comply with a registration system, while stablecoin issuers such as Circle and Tether will need to meet bank-like regulatory requirements to ensure the safety of retail investors' assets. The subsequent process includes: obtaining approval from two Senate committees, passing a full Senate vote, returning to the House for final signing, and finally being signed by Trump. Overall, most crypto investors are unlikely to be affected in the short term, but in the long run, the bill is expected to provide a safer and more predictable trading environment, while making compliance operations of crypto platforms more transparent.

Casterman Advisory founder André Casterman posted on the X platform that 2026 will be a critical turning point for the crypto market, with the industry's focus shifting from "whether we need crypto" to building new financial infrastructure. Tokenization and digital assets will transition from pilot phases to regulated production-level deployments.In terms of transaction banking, central banks and institutions worldwide have adopted a unified "wholesale-first" strategy for central bank digital currencies (CBDCs), tokenized deposits, and regulated stablecoins (such as USDC and RLUSD). The upcoming crypto market structure legislation will support institutional applications, and once regulations are clear, banks will invest heavily in areas such as crypto trading. Digital currency forms will coexist and achieve interoperability, with blockchain becoming a parallel financial rail, while banks continue to act as intermediaries, shifting the industry's focus towards building infrastructure under clear regulation.