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This week’s news Top10
1. Trump imposed a new round of reciprocal tariffs and proposed to appoint the head of A16z encryption policy as chairman of CFTC
1.1 Trump imposes a new round of reciprocal tariffs link
Donald & middot; Trump on Thursday announced a new round of across-the-board reciprocal tariffs, in line with higher tariffs imposed by other countries on imports of US goods. These tariffs are likely to hit developing countries the hardest, particularly India, Brazil, Vietnam and other Southeast Asian and African countries, because the tariff rates imposed by these countries on United States imports are the most different from those imposed by the United States. For example, in 2022, the average tariff rate on Indian imports was 3 per cent, while India’s average tariff rate on US imports was 9.5 per cent, according to the World Bank.
1.2 Trump plans to appoint Brian Quintenz, head of A16z encryption policy, as CFTC chairman link
According to Fox business journalist Eleanor Terrett, citing three people familiar with the matter, Trump has selected Brian Quintenz, the policy director of the A16z encryption department and a former CFTC commissioner, as chairman of the Commodity Futures Trading Commission (CFTC).
two。 20 states in the United States plan to introduce a bitcoin reserve bill, which may lead to a $23 billion purchase of link.
According to Matthew Sigel, an analyst at Vaneck, 20 states in the United States are promoting bills related to bitcoin reserves, which, if passed, are expected to push $23 billion into the bitcoin market, equivalent to about 247000 BTC. The study covers state reserve funds, pension plans and other state investment mechanisms, some of which propose to use state budget surpluses, stabilization funds and land funds to invest in bitcoin.
3. Bloomberg: Wall Street banks are betting on the IPO craze in the encryption industry and are expanding related business link
A number of top Wall Street banks are optimistic about the development prospects of the encryption industry during Trump’s potential term and are actively adjusting their strategic layout of the cryptocurrency business. Morgan Stanley is courting potential IPO clients, BofA executives are talking about pushing ahead with digital assets deals, and Royal Bank of Canada plans to expand its reach after completing its first encryption business. Currently, several encryption companies, such as Gemini, Bullish, Circle and Kraken, are considering implementing IPO in 2025. Jefferies and JPMorgan Chase are advising on a potential listing of Bullish, Moelis & Co. And Cantor Fitzgerald are also active in this field. Analysts believe that Trump’s support for the encryption industry may trigger a new round of IPO, stock sales and convertible bond issuance.
4. Powell: the Fed is in no hurry to cut interest rates link
Federal Reserve Chairman Colin Powell says the Fed is in no hurry to cut interest rates despite Trump’s pressure to lower borrowing costs in the United States. & ldquo; as our policy position is much looser than before and the economy is still strong, we do not need to rush to adjust our policy position. & rdquo; Powell says inflation has eased sharply, but ldquo; is still high & rdquo;. At a hearing of the Senate Banking Committee on Tuesday, Federal Reserve Chairman Colin Powell said that the Fed had begun to adjust its regulatory policy on the issue of ldquo; de-banking and rdquo; in the encryption industry, and reiterated that the Fed supported a stable currency regulatory framework and would not introduce digital dollars.
5. Arthur Hayes article: Memecoin is the most effective form of political advertising link
The Arthur Hayes article points out that Memecoin is the most effective form of political advertising because they can be promoted as viral digital word-of-mouth. In the US, at least, the 2026 election will see a slew of new personal political brands created through memecoin that will defeat incumbents who are said to be invincible. If cryptocurrency sentiment improves, TRUMP will lead Bitcoin. If politicians believe that certain policies will have a positive impact on cryptocurrencies, TRUMP will rise sharply before the good news is announced, and Bitcoin will follow, putting TRUMP on the watch list of cryptocurrencies. If I see it soar or fall rapidly, then I know something is happening.
6. Qian an and SEC submitted a joint motion to suspend the lawsuit for 60 days, link.
FOX’s Eleanor Terrett tweeted that Binance and SEC submitted a joint motion to suspend the agency’s case against the trading platform for 60 days on the grounds that SEC’s new cryptocurrency working group might have an impact on the case. The work of the working group may affect and facilitate the potential resolution of the case. After the 60-day period, the two sides plan to issue a joint status report to determine whether it is necessary to continue to suspend the negotiations. Eleanor Terrett expects to see other non-fraud cases (i.e. Ripple, Coinbase and Kraken) follow suit in this way.
7. Glassnode: the largest knockoff coin drop in history link
The market value of counterfeit coins has fallen by $234 billion in the past two weeks, with an even greater absolute decline in a few days, according to Glassnode research. It can be reasonably regarded as an event in the bear market in the field of counterfeit coins. This is one of the largest devaluations of counterfeit coins in history and highlights the apparent disconnect between Bitcoin and the typical rotation of capital to counterfeit coins in previous market cycles. Many assets are difficult to achieve widespread adoption or the combination of products and the market, making the market environment more severe.
8. Yuan an significantly reduced its own encrypted assets last month, or set aside link for profits at the beginning of the year.
Yuanan Reserve Certificate data show that from January to February 2025, the position of Yuanan BTC decreased from 46896 to 2747, a decrease of 94.1%. The position of ETH decreased from 216313 to 175, a decrease of 99.9%. It should be noted that these assets are mainly deducted from the rest of the user’s funds and may be mainly owned by the platform itself. At present, most currencies have been allocated as stable currencies. USDC,USDC positions increased from 805 million to 1.269 billion, an increase of 57.5 per cent. If you look at the market in January, most currencies are at all-time highs. Shenyu believes that this change should belong to the profit provision at the beginning of the year, and a similar situation occurred in June 2023 (payment of fines) and February 2024.
With regard to the fact that ldquo; Coin significantly reduced its holdings of its own encryption asset-ldquo; last month, Yuan’an officially responded that it did not sell the assets. This is just an adjustment of the accounting process of the Coin Treasury. User funds are as secure as ever.
9. Coinbase beat expectations in the fourth quarter of 2024, up 88 per cent link from the previous quarter
Coinbase’s revenue in the fourth quarter of 2024 was $2.3 billion, exceeding expectations of $1.87 billion, up 88% from a month earlier; trading revenue was $1.6 billion, up 172% from a month earlier; and trading volume reached $439 billion. Revenue from subscriptions and services was $641 million, up 15 per cent from a month earlier. Operating expenses were $1.2 billion, a month-on-month increase of 19%. Net income was $1.3 billion, including unrealized gains on a $476 million portfolio of encrypted assets. Earnings per share (EPS) was $4.68.
10. Strategy acquired 7633 BTC link at a price of $742.4 million
MSTR (Strategy) announced that it has acquired 7633 BTC for about $742.4 million, with an average price of $97255, and achieved a 4.1% BTC yield so far in 2025. As of February 9, 2025, Strategy held 478740 BTC at a total acquisition cost of $31.1 billion and an average price of $65033.
Key financing events
Stable currency company Plasma announces completion of $24 million financing link
Legend recently completed a $15 million financing link led by a16z and Coinbase Ventures.
Tether announces strategic investment in Zengo Wallet link
BingX Labs Announces completion of US $10 million Strategic Investment in StakeStone link
Encryption AI research company Frodobots Lab completes $8 million seed round financing link
Teneo Protocol announces completion of $3 million seed round financing link
Blum Announces completion of $5 million Pre-Seed and seed Wheel financing link
DeFi project InfiniFi announces completion of $3 million oversubscribed seed wheel financing link
TaoFi completes a round of strategic financing led by DCG and will build DeFi link on Bittensor
B2B product management platform Index announces completion of A $3.5 million seed wheel financing link
Web3 development studio Mirai Labs completes $4 million seed round financing link
Ethereum Security platform Drosera raises $3.25 million for link
Encryption startup Coala Pay successfully raised $3.5 million in seed round financing for link
For more industry financing events, see crypto-fundraising.info.
