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The Congressional Research Service (CRS) has released a report on Federal Reserve policy issues that addresses cryptocurrency and digital currency topics and outlines a number of policy issues that Congress may want to consider, including: Whether cryptocurrency companies and other non-traditional companies with federal or state banking licenses should be granted direct access to the Federal Reserve's discount window and master account. It is reported that the Federal Reserve has previously refu...
On February 5, according to Reuters, two people familiar with the matter said that the SEC currently requires its lawyers to obtain high-level approval before officially launching an investigation. The new requirements stipulate that law enforcement officers must obtain permission from politically appointed commissioners to issue subpoenas, request documents and compel testimony. Previously, staff members had the power to independently launch formal investigations, while SEC commissioners oversa...
According to Ultrasound data, the current supply of ETH has exceeded the pre-merger level of Ethereum PoS. The data shows that the current supply of ETH is 120,521,291, an increase from 120,521,140.92 at the time of the merger on September 15, 2022. Since Ethereum completed its conversion to the Proof of Stake (PoS) mechanism, 1,947,607.01 ETH have been destroyed, while 1,947,757.18 ETH have been newly issued, an increase of 150.17 ETH in net supply.
Ripple CTO David Schwartz updated that it is still uncertain whether the network problem will be resolved or self-healing. According to the previous XRPL browser page, network activity froze at block height 93927174 for 64 minutes, and then restarted at 10:58 am UTC on February 4. David Schwartz added that four things can happen if a node knows that it cannot reach a consensus with other nodes on the state of the network: 1. Nodes find one they won't arrive in advance...
Semler said in a Feb. 4 press release that it bought 871 bitcoins for a total of $88.50 million between Jan. 11 and Feb. 3, with an average purchase price of $101,616 per BTC. The company also reported a total yield of 152% from July 1 (the first full quarter after adopting a bitcoin funding strategy) to February 3. The company notes that the year-to-date yield is 22%.
Arkham has added an additional 22,000 Satoshi addresses to the Satoshi entities it monitors, bringing the current total balance of BTC to 1,096,354, worth around $107.46 billion.
The main contracts of oil and fat futures rose collectively, among which rapeseed meal rose by more than 4%, bean two and soybean meal rose by more than 3%, soybean oil rose by more than 2%, and rapeseed oil and palm oil rose by more than 1%.
Jefferson believes that Federal Reserve officials do not need to rush to take the next step in policy action, nor do they need to rush to change their stance. Click to view...
Gavin Wood, co-founder of Ethereum and founder of Polkadot, expressed his satisfaction with the decentralization of Polkadot in a recent interview with Forbes. According to Nakaflow data, Polkadot currently has a Satoshi coefficient of 149, which means that it would take at least 149 independent validators to join forces to break the network. In comparison, some other major blockchains score...
Huobi founder Li Lin issued a response to Sun Yuchen's recent remarks about the HTX delivery process and financial situation. The response said that there were differences between the two parties on the calculation of user assets during the delivery of HTX in October 2022. The "30 million US dollar fund hole" mentioned by Sun Yuchen was actually a clearance caused by extreme conditions when the exchange operated the two financing businesses, and the financial treatment had been completed by the ...
According to Bitcoin.com, Iran expressed its support for the plan for a unified BRICS currency. The BRICS countries are accelerating the pace of reducing their dependence on the US dollar, and a unified currency could greatly promote economic ties among member states. Iran said it would fully support the plan if other member states agreed. In response, former US President Donald Trump threatened to impose 100% tariffs if the BRICS countries went ahead with the plan.
According to CNBC, payment company Stripe officially completed the acquisition of stablecoin infrastructure company Bridge on Tuesday for $1.10 billion. This is Stripe's largest acquisition to date and marks a major layout in the stablecoin field. Bridge's team of about 60 people has completed onboarding at Stripe's headquarters in San Francisco. Bridge focuses on helping businesses accept stablecoin payments while reducing the complexity of directly accessing digital assets. Its clients include...
Crypto analyst Matthew Hyland said the crypto market may not return to December levels until April. He noted that February 3 saw "the largest clearing event in crypto history", with more than $2.24 billion cleared in 24 hours. Ben Zhou, co-founder and CEO of Bybit, estimates that the actual total clearing could be as high as $80- $10 billion. Hyland said that based on the experience of similar market turmoil events in 2020 and 2022, it usually takes more than 2 months for the market to fully rec...
Since its recent inclusion in the Nasdaq 100 Index, MicroStrategy has been subject to various rules and regulations, such as lock-up periods, to prevent potential insider trading, which may be one reason why its continuous increase in bitcoin holdings has been suppressed. In addition, there is also speculation that the choice to suspend the increase in bitcoin is because MicroStrategy is changing its strategy according to market conditions. The company may face a large tax bill for unrealized bi...
Coinbase filed a status report in its FOIA (Freedom of Information Act) lawsuit against the SEC. The report states that the previous SEC leadership only superficially searched for documents that should be made available to the public during the ETH 2.0 investigation, while conducting massive regulation through subpoenas and lawsuits. Coinbase is asking the court to order the SEC to conduct an adequate search and provide the required documents without further delay.
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