xpr

Sun Yuchen pointed out today during the Space live broadcast themed "The Underlying Financial Infrastructure of the AI Agent Era" and "B.AI Officially Launched": In the future, the standard for measuring national strength will no longer be traditional GDP, but rather the annual consumption of Tokens; blockchain grants AI independent accounts and payment capabilities, allowing AI to truly transition from a "tool" to a "digital life" with economic rights. In the upcoming Agent era, individuals can drive countless "digital lobsters" to complete the closed loop from code to results, achieving geometric growth in productivity.This means that B.AI is committed to building the foundational economic engine for the AGI era. It not only provides AI with independent economic sovereignty for settlement but also lowers the innovative labor force through an open-source ecosystem, making "companies" possible. When AI can create a sense of security for individuals through instant feedback, and global settlement is no longer a concern, all of humanity will truly welcome the comprehensive liberation of productivity.

According to Politico, Trump expressed disappointment and dissatisfaction with Secretary of Commerce Ross and Secretary of Labor Scalia, and is considering further adjustments to the cabinet. A government official stated, "He is very angry and will make personnel changes."Previously, Attorney General Barr and Secretary of Homeland Security Wolf were dismissed one after another. U.S. officials say the fate of Scalia is under discussion, and Ross's situation is also precarious; no final decision has been made regarding the two, but insiders revealed that Trump had previously considered firing them but did not follow through.If a larger-scale adjustment occurs, it would be a significant reorganization of the U.S. federal government. The adjustments mainly target cabinet members who are "underperforming or attracting too much negative attention." Dismissing Secretary of Commerce Ross could help indicate that Trump is "making changes" on economic issues. However, a White House spokesperson stated that both are "doing an excellent job and continue to have the president's full support."

According to a report by Fortune magazine, documents leaked from Anthropic show that its next-generation super robot "Claude Mythos" is currently being tested, and the company believes that this robot "poses an unprecedented cybersecurity risk." Musk stated, "This is deeply concerning."

This week, a compromise proposal regarding the yield section of the Clarity Act by U.S. Senators has sparked mixed reactions within the crypto industry. Coinbase has expressed dissatisfaction with the latest compromise text to the senator's staff but has not publicly stated opposition.The proposal was presented to stakeholders in the crypto industry on Monday, with some expressing dissatisfaction while others felt the outcome was better than expected. The proposal will instruct certain regulatory agencies to formulate rules to clarify the regulatory approach to yield-generating activities, but there are concerns that regulators may set subjective standards. Additionally, the text may limit companies' ability to tie rewards to the scale of stablecoin transactions.During this week's industry conference call, Coinbase had disagreements with other parties, with some companies believing that giving up certain stablecoin rewards is too costly, while others felt that losing the Clarity Act poses a greater risk to the overall legislative framework for the crypto industry. Previously, news related to this compromise proposal had impacted the market, with Circle's stock price dropping 20% on Tuesday and slightly rebounding on Wednesday.White House crypto advisor Patrick Witt criticized the related predictions on the X platform as "uninformed" and stated that "everything will be resolved." The final text is expected to be released this weekend or early next week.

According to a report by WSJ cited by Jinshi, U.S. President Trump plans to appoint several business giants to a technology committee, including Meta Platforms CEO Mark Zuckerberg, Oracle founder Larry Ellison, and NVIDIA CEO Jensen Huang. These members will provide opinions on artificial intelligence policies and other topics.According to White House officials, the President's Council of Advisors on Science and Technology (PCAST) will be co-chaired by the White House's AI and cryptocurrency advisor Sax and technology advisor Michael Kratsios.Officials stated that Trump plans to appoint the first 13 members from the industry on Wednesday, including Google co-founder Sergey Brin. According to an executive order, the committee could ultimately include 24 members.

According to market news, after the Federal Reserve approved the main account application of the cryptocurrency exchange Kraken, U.S. banking organizations expressed strong opposition, warning that this move could allow cryptocurrency institutions to access the central bank's payment system without the same regulatory protections as traditional banks.The Bank Policy Institute stated that it is "deeply concerned," believing that the Kansas City Fed approved the application before the Federal Reserve finalized the framework for a limited-purpose main account policy, and that the approval process lacked transparency. The Independent Community Bankers of America also stated that allowing non-bank entities and cryptocurrency institutions to access main accounts poses risks to the banking system. A Federal Reserve governor mentioned last month that they hope to launch a streamlined account structure later this year.Some participants in the cryptocurrency market believe that Kraken's approval signifies a breakthrough in establishing non-depository banking operations that do not rely on loans. In a previous news report, it was mentioned that Kraken was approved for a "streamlined" Federal Reserve main account, becoming the first cryptocurrency company authorized to access the Federal Reserve's core payment system, Fedwire.

According to CCTV reports, French Foreign Minister Barrow stated that France "is ready" to participate in the defense actions of Gulf countries.

According to Bloomberg, tensions between the United States, Israel, and Iran have escalated, prompting traders to turn to crypto trading venues for around-the-clock hedging. Perpetual contracts linked to oil on Hyperliquid rose about 6.2% to $70.6 per barrel, while gold and silver perpetual contracts increased over 5% and 8%, reaching $5464 and $97.5 per ounce, respectively. The trading volume of silver perpetual contracts exceeded $400 million in the past 24 hours, while gold contract trading volume approached $140 million, and U.S. stock index contracts on the platform fell 1% to 2%.The Iran conflict triggered a risk-off sell-off in the crypto market, with Bitcoin briefly dropping 3.8% to $63038, before stabilizing around $64000; ETH fell 4.5% to $1836 at one point. According to CoinGecko data, the total market capitalization of digital assets evaporated by about $128 billion following the outbreak of the conflict.Jake Ostrovskis, head of over-the-counter trading at Wintermute, stated that due to Bitcoin's around-the-clock trading, it has become the most liquid asset for traders to express macro views when other markets are closed, with more asset classes moving towards 24/7 trading. Charlie Ambrose, co-founder of Felix, mentioned that this weekend marked another instance of around-the-clock price discovery through perpetual contracts on Hyperliquid, potentially driving a macro shift in how global markets operate.

According to Jinshi, Fed's Logan stated that current concerns are about economic demand exceeding supply.

Binance founder Zhao Changpeng (CZ) expressed confidence in the decision to convert the $1 billion SAFU fund into BTC, inviting everyone to verify the results together in the future. "I might be wrong, but I feel that in the end, this could be beneficial for the SAFU fund. Save this tweet for later."Today, the Binance SAFU fund address bought an additional 4,545 BTC, worth $304.58 million, completing the $1 billion Bitcoin purchase plan. It currently holds 15,000 BTC, and based on the price at the time of transfer to the fund address, Binance has spent a total of $1.03867 billion, with an average purchase price of approximately $69,245 per Bitcoin.

According to reports, after negotiations on cryptocurrency market legislation hit a snag 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 review process this week. In response, the Democratic side hopes to re-engage with the committee chair, Republican Senator John Boozman's team, before the vote this week to seek 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-level regulatory framework for digital assets, including clarifying the regulatory division of responsibilities 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.

The Senate Banking Committee has canceled the scheduled hearing on Thursday for the CLARITY Act (the Crypto Market Structure Act) revisions. According to crypto journalist Eleanor Terrett, dissatisfaction among industry players erupted this Wednesday, with Coinbase leading the way in announcing its withdrawal of support for the bill. They complained that lawmakers made excessive concessions to banks and traditional financial institutions after proposing amendments to a lengthy 278-page bill, particularly regarding stablecoin yields and tokenization.Critics argue that the CLARITY Act itself is already biased in favor of traditional institutions. Meanwhile, some Democrats insist on establishing ethical standards for senior government officials, including the president, to prohibit them from profiting from cryptocurrency projects. Democrats have previously been at an impasse with the White House on this issue.Currently, Banking Committee Chairman Tim Scott stated in a statement announcing the postponement of the meeting that "everyone is still working sincerely at the negotiating table," but did not reveal when the committee would reschedule the review. The Senate will be in recess next week for Martin Luther King Jr. Day and will reconvene the following week. During that time, the Senate Agriculture Committee is expected to hold a review, which had also been postponed from this Thursday.

BNB Chain's Growth Execution Director Nina Rong posted that she has sent a private message to X platform's product head and Solana ecosystem advisor Nikita Bier, indicating that BSC is willing to support the smart tags project.Additionally, CZ also responded this morning regarding the possibility of collaboration on smart tags, stating that he is just a "small shareholder of X, let's see what happens."Previously, Nikita Bier mentioned that X is the best source for financial news and is currently developing smart asset tags (Smart Cashtags), allowing users to specify specific assets (or smart contracts) when posting market tweets on X. Users can click on these tags in their timeline to view the real-time price of the asset and all information mentioning that asset.

Flow Foundation issued a statement regarding the exchange coordination work after the exploitation incident. Since the incident occurred, Flow Foundation and its forensic partners have been working with global exchanges to protect users and restore operations, with Kraken, Coinbase, and Upbit as partners, and Kraken has resumed services.Flow Foundation expressed concerns about the way a certain exchange handled the incident. Within hours of the exploit, a certain account deposited 150 million FLOW (approximately 10% of the total supply), exchanged most of the tokens for BTC, and withdrew over $5 million before the network halted. Flow Foundation believes that this trading pattern indicates flaws in the AML/KYC processes. Legal analysts found significant trading anomalies both before and after the network interruption at the exchange, and Flow Foundation's requests for clarification through operational channels went unanswered. They are now urgently calling for a meeting with the highest decision-making body of the exchange to resolve the issue. Currently, Flow Foundation is cooperating with law enforcement in the investigation.

According to a Reuters report, Russian President Putin revealed during a late-night meeting on December 24 that Russia might be open to exchanging controlled parts of Ukraine's territory, but he demanded the entire Donbas region.Putin also mentioned the management issues of the Zaporizhzhia Nuclear Power Plant during the meeting and stated that discussions were underway for joint management of the plant by Russia and the United States. Additionally, Putin disclosed that the U.S. had expressed interest in conducting crypto mining near the Zaporizhzhia Nuclear Power Plant, and that the plant should be used to provide part of the electricity supply to Ukraine.

According to a Reuters report, Russian President Putin revealed to a businessman during a late-night meeting that Russia might be open to exchanging controlled parts of Ukraine, but he demanded the entire Donbas region.Putin also mentioned the management issues of the Zaporizhzhia Nuclear Power Plant during the meeting and stated that discussions are underway for joint management of the plant by Russia and the United States. Additionally, Putin disclosed that the U.S. has expressed interest in conducting cryptocurrency mining near the Zaporizhzhia Nuclear Power Plant, and that the plant should be used to provide part of the electricity supply to Ukraine.

Hong Kong Legislative Council member Wu Jietzhuang posted on the X platform, stating, "I am pleased to see that the Hong Kong SAR Government's Financial Services and the Treasury Bureau has new developments in promoting digital asset trading. The SAR Government has officially launched a consultation on legislative proposals for digital asset trading and custody services, which represents a further clarification of the relevant digital asset regulatory activities and responds to the needs and ideas of the market.The Hong Kong SAR Government has received numerous opinions in the past when consulting the industry about the direction of related over-the-counter trading and custody services. This legislative proposal not only establishes the legitimacy of over-the-counter trading and custody services for cryptocurrencies and digital assets, allowing the industry to operate in a more compliant manner; on the other hand, it can also combat suspected fraudulent activities that use related activities as a guise, helping citizens avoid losses. I encourage the industry to express more opinions within this month to improve the development and policies of Hong Kong's Web3."

According to Cryptopolitan, the Moscow Exchange (MOEX) and the St. Petersburg Exchange (SPB) have expressed support for the new cryptocurrency regulatory framework released by the Central Bank of Russia (CBR) and have confirmed that they will launch cryptocurrency trading services after the relevant regulations come into effect next year.The new framework plans to allow both retail and qualified investors to participate, but retail investors will have an annual investment limit of 300,000 rubles, while qualified investors will have no limit (excluding privacy coins).Reports indicate that the Central Bank of Russia has gradually softened its stance on cryptocurrencies over the past year.

The cryptocurrency industry expresses regret over U.S. Senator Cynthia Lummis, a supporter of cryptocurrency, announcing that she will not seek re-election in 2026. Cynthia Lummis stated that although she is a devoted legislator, she feels that her energy cannot support another six-year term. Collin McCune, head of government affairs at a16z, remarked that without Cynthia Lummis's efforts in Congress, the crypto industry would not have achieved its current success. David Sacks, the White House's AI and cryptocurrency director, described her as a great ally in the crypto space.Previously, Cynthia Lummis had strongly advocated for the Responsible Financial Innovation Act and the American Innovation and Choice Online Act, aimed at providing regulatory clarity for digital assets. Kyle Samani, co-founder of Multicoin, stated that although Cynthia Lummis has decided to step down, the work on policy-making is not yet complete, and there is still legislation to be passed in 2026.

Recently, Dr. Han, the founder of Gate, was a guest on the Wu Says podcast, where he systematically shared his judgments and thoughts on topics such as market cycles, regulatory compliance, industry layoffs, and paths to listing.Dr. Han stated that although there are phase fluctuations in the current crypto market, it has deeply integrated into the global macro cycle, making it difficult to reproduce the deep bear market triggered by a single event in the early days; the liquidity environment and overall economic expectations remain the core variables affecting the market. On a technical level, he believes that AI is still in the early expansion stage, with real applications continuing to land, and cannot simply be summarized as a "bubble"; user behavior in Web3 is clearly migrating on-chain, and privacy technology and zero-knowledge proofs are expected to become important infrastructure in the future.Regarding changes in industry structure, Dr. Han pointed out that the rise of Perp DEX is due to improvements in on-chain performance, cost reductions, and mature incentive mechanisms, and the integration of centralized platforms with on-chain models will become a long-term trend; the stablecoin sector is showing significant economies of scale.In addition, regarding rumors of layoffs, Dr. Han candidly stated that Gate has maintained a steady hiring pace over the years and has never engaged in aggressive expansion or large-scale layoffs. When discussing future plans, he clearly expressed the intention to go public for the first time, stating that Gate has been promoting compliance and licensing globally for many years, precisely to prepare for "long-term normalization and the possibility of going public." It is reported that as of now, multiple entities of Gate Group have obtained or completed relevant regulatory registrations, license applications, authorizations, or approvals in jurisdictions such as Malta, the Bahamas, Japan, Australia, the United States, and Dubai.