ChainCatcher news, Federal Reserve Chairman Powell stated that substantial progress on inflation or a weak labor market is needed before considering interest rate cuts. (Jin Ten)

ChainCatcher news, Federal Reserve Chairman Powell stated at the press conference that the current policy is significantly more accommodative compared to when it started cutting interest rates. He also mentioned that discussions on the policy framework have begun at this meeting, and the framework review will conclude at the end of the summer. (Jin Ten)

ChainCatcher news, Federal Reserve Chairman Powell stated at the press conference that there is no need to rush to adjust the policy interest rate. He pointed out that inflation is closer to the target but still somewhat elevated. The labor market is not a source of inflationary pressure. The unemployment rate remains at 4.1%, still at a low level. (Golden Ten)

ChainCatcher news, Federal Reserve Chairman Powell stated at the press conference that the economy remains generally strong. The labor market conditions have cooled, but still remain robust. (Jin Ten)

ChainCatcher news, Coinbase CEO Brian Armstrong stated on the X platform that the main reason for inflation is excessive money supply, believing that stopping money printing in the U.S. could lower interest rates and reactivate economic growth.In response, former Coinbase CTO Balaji mentioned that the power to set interest rates could be completely transferred from the Federal Reserve to the market, and referred to Bitfinex, which has implemented a mechanism overseas to replace centralized decision-making by central banks with a market-driven interest rate order book.

ChainCatcher news, Bitfinex released an analysis report stating that the symbiotic potential between Bitcoin mining and artificial intelligence infrastructure cannot be ignored. AI operations require a significant amount of energy and specialized facilities, while Bitcoin miners already possess these facilities. During peaks in AI operations or surges in energy demand, miners can scale down Bitcoin mining and increase mining capacity when energy is more abundant. This dynamic can enhance the economic efficiency of mining operations while maintaining sufficient hash power for the Bitcoin network.Whether this shift is beneficial or detrimental to the Bitcoin network depends on the diversification of miners and the industry's ability to maintain network security amid changing dynamics. If executed strategically, the combination of AI and Bitcoin mining can foster innovation and efficiency without compromising the decentralized nature of Bitcoin.However, if a significant amount of hash power is permanently transferred, the Bitcoin network may face greater centralization risks. Choosing AI over other digital assets also aligns with the broader strategic goals of many mining companies. The growth trajectory of the AI industry is expected to achieve long-term scalability and align with emerging technological trends, from automation to advanced data analytics.

ChainCatcher news, foreign media AXIOS reported that recently Trump tested the new limits of presidential power by launching a meme coin "TRUMP," which made him a cryptocurrency billionaire just two days before his inauguration. Cryptocurrency insiders are concerned that TRUMP and the hastily launched MELANIA meme coin could undermine the credibility that this scam-ridden industry has worked hard to establish over the years.It is worth noting that Trump was once skeptical of cryptocurrencies until his shift during the 2024 campaign. Most Americans are unaware that the U.S. president has virtually no restrictions on profiting from new ventures or business deals using their power. Due to Supreme Court rulings, if a president is accused of exceeding any legal boundaries, they also enjoy immunity for "official actions."Analysis suggests that within just eight hours on inauguration day, Trump expanded the immense public and private powers of the presidency to previously unimaginable levels. While presidents have always been able to pardon, grant favors, or protect friends, family, and allies, no one has ever done so as broadly, as openly, and as quickly as he has, and the public seems unfazed by it.

ChainCatcher news, according to Cointelegraph, El Salvador is once again ramping up its efforts to promote itself as a Bitcoin nation, hosting a week of historic events from January 27 to February 1 to showcase the power of Bitcoin in driving global financial freedom.

ChainCatcher message, VItalik posted on platform X stating: "No, this game does not work that way. I am the one who decides the new EF leadership team. One of the goals of the ongoing reforms is to provide EF with a 'proper board', but until then, the decision-making power is with me. If you 'continue to apply pressure', then you are creating an environment that is harmful to top talent.Some of Ethereum's best developers have recently been messaging me, expressing their disgust at the social media environment being created by people like you. You have made my job harder. And you have also reduced my interest in doing 'what you want to do'."

ChainCatcher message, Ethereum co-founder Vitalik Buterin responded to the controversy over the leadership changes at the Ethereum Foundation (EF) in a tweet.He made it clear that the decision-making power of the current new leadership team of EF is in his hands, and the ongoing reforms aim to introduce a suitable board for the foundation, but until then, the decision-making power still belongs to him personally.Vitalik criticized the pressure tactics on social media, stating that they undermine the working environment for excellent developers. He pointed out that such behavior is not only unhelpful for achieving goals but also diminishes his interest in catering to these demands.

ChainCatcher message, Ethereum fork network ETHW tweeted that Dischain will undergo a major upgrade, including:• Fusion of AI and POW: More AI computing power will participate in POW.• New partners: Including market value management and ecosystem development partners to enhance user engagement with POW EVM.

ChainCatcher message, U.S. President Trump announced on the X platform: "Introducing the new official meme coin POWER, a token provided for patriots who support my vision for a strong America. This is your opportunity to join the movement and defend the values that make America great."This message is fake news and not from Trump's official Twitter.

ChainCatcher news, the first Bitcoin Layer 2 solution built on the BitVM paradigm, Bitlayer, officially announces the launch of the first minimal trust BTC bridge powered by BitVM technology, the Finality Bridge.The Finality Bridge is built on BitVM technology, featuring high security, support for native yield, and programmability. It allows users to securely mint BTC into YBTC (Yield BTC) tokens in a minimal trust manner, participating in liquidity mining, staking, or lending in DeFi scenarios within the Bitlayer and other blockchain ecosystems, all while obtaining diversified integrated yields without worrying about complex conversion processes and high transaction costs. Currently, the Bitlayer Finality Bridge is live on the testnet, allowing users to test and experience it. The technical team will launch more new features after collecting feedback from the testing phase.

ChainCatcher news, the Mantle APAC Hackathon co-hosted by Mantle, OpenBuild, and HackQuest has successfully concluded, and the winning projects in each track have been officially announced.This hackathon attracted over 360 developers, who submitted more than 170 innovative projects. In the end, 9 projects stood out, winning substantial prizes and resource support. High-quality projects that did not win will also receive ongoing attention and support from Mantle. All participants received recognition and guidance from a top-tier jury including Mantle DevRel, Gumi Cryptos, Hemera, NovaSeed & Novabits, Hashkey Capital, GMA, Fenbushi Capital, YGG, OKX Ventures, CoinSpire, SNZ Capital, and others.The final evaluation results of this hackathon are as follows:DeFi Track:1st Place: ellipse2nd Place: FLIP NFT3rd Place: Payroll ProtocolInfra & AI Track:1st Place: Mantle Contract Builder2nd Place: Web3Insights3rd Place: StealthPassGaming Track:1st Place: Vortis2nd Place: Truman AI Live3rd Place: Dunk VerseThe above winning projects will not only receive a total prize pool of $30,000 but will also be eligible for project funding of up to 20,000 MNT. Additionally, they will have the opportunity to receive support from the $200 million ecosystem fund from the Mantle Eco Fund, as well as AWS Activate Credits, and will directly enter the interview phase of the HackQuest X Mantle global accelerator.

ChainCatcher news, according to Cryptonews, due to the reduction of "humanitarian electricity" supply from Moscow to Abkhazia, it is expected that the emergency electricity provided by Russia will be exhausted by February 18. Abkhazia's only major hydroelectric power station has been shut down due to low reservoir water levels, and the government is unable to prevent crypto miners from continuing to operate large-scale mining farms through legal loopholes. Residents believe that law enforcement agencies are aware of the locations and owners of the mining farms but have not taken effective measures. This has led to anger among the Russian public and media regarding Abkhazia's energy consumption, as Russian taxpayers have to foot the bill, while domestic electricity prices in Russia are also rising.Timur Dzhindzholiya, head of the electricity supplier Chernomorenergo, stated that according to "Abkhazia's current consumption rate," the "electricity supply from Russia" can only "last until February 18." It is impossible to "extend" the emergency electricity supply for a "long time." Therefore, the provider has decided to extend the existing rolling blackout plan to six hours a day.

ChainCatcher news, according to CoinDesk, market analyst Omkar Godbole stated that the Bitcoin market is exhibiting a unique "iceberg" phenomenon: while the surface market shows a seller-dominated trend, deep buying power is continuously accumulating. At the quote level (0%) and within the 1% depth range, trades dominated by market makers show significant selling pressure; however, in the deeper price range of 2% to 5%, the number of buy orders exceeds sell orders and continues to grow, indicating that off-exchange funds are positioning at lower price levels.Order Book Depth data shows that the market has the capacity to absorb large orders at stable prices. Currently, Bitcoin is quoted at $94,000, and the market is closely watching the upcoming U.S. non-farm payroll data for guidance on the trend of risk assets.

ChainCatcher news, according to official information, MEXC will launch POWER/USDT trading on January 10, 2025, at 17:00 (UTC+8).In addition, due to the launch of Powerloom (POWER), MEXC is offering a reward event for both new and existing users to share 200,000 POWER and 100,000 USD. The event will run from January 8, 2025, at 18:00 to January 22, 2025, at 18:00 (UTC+8).

ChainCatcher news, U.S. President Biden stated: "Tomorrow is January 6th. We gather here to certify the results of a free and fair presidential election to ensure a peaceful transfer of power." (Jin Shi)