rei

According to Jinshi, the U.S. December core PCE inflation exceeded expectations, and inflation in January is expected to accelerate further, strengthening the market's expectation that the Federal Reserve will not cut interest rates before June. Data from the U.S. Bureau of Economic Analysis shows that the core PCE index, excluding food and energy prices, rose 0.4% month-on-month in December, while economists had predicted a 0.3% increase. The core PCE inflation rate rose 3% year-on-year, up from 2.8% in November.

Former President Trump posted on the Truth platform, stating that the government shutdown caused by the Democrats led to a decrease in the U.S. GDP by at least two percentage points. This is why they are now trying to repeat the same old tricks on a smaller scale. Don't let the government shut down again! Also, lower the interest rates. Powell is the worst.

According to FinanceFeeds, Russia plans to block foreign cryptocurrency exchange websites starting in the summer of 2026 to direct crypto activities to locally licensed platforms, reduce capital outflow, and strengthen regulation.This initiative stems from new legislation expected to advance in the spring, involving technical filtering by Roskomnadzor; Russian participants have a daily crypto trading volume of about 50 billion rubles, most of which occurs abroad.Sergey Shvetsov, chairman of the Moscow Exchange Supervisory Board, stated that Russian traders pay about $15 billion in commissions to global exchanges each year, and local platforms aim to compete for this market. Experts point out that completely blocking foreign platforms is challenging and may push activities toward opaque channels.

According to market news, Abu Dhabi's sovereign wealth fund Mubadala disclosed in its 13F filing with the U.S. Securities and Exchange Commission that it held 12,702,323 shares of the BlackRock iShares Bitcoin Trust (IBIT) as of the end of the fourth quarter of 2025, valued at approximately $630.6 million. This position increased by 46% from 8.7 million shares at the end of the third quarter.

According to a report by Reuters, two Democratic senators from the U.S. Senate Banking Committee, Elizabeth Warren and Andy Kim, have written to Treasury Secretary Scott Bessent, requesting a review of a transaction involving an Emirati entity acquiring a stake in a cryptocurrency company owned by the Trump family.It has been reported that a company under the Emirati national security advisor purchased a 49% stake in World Liberty Financial for $500 million. The two senators are calling for an investigation into whether this transaction poses any national security risks.Warren and Kim are asking Bessent, who is responsible for the Committee on Foreign Investment in the United States (CFIUS), to determine whether a CFIUS review is necessary for the Emirati acquisition of the 49% stake in World Liberty Financial, and if so, to conduct a comprehensive, thorough, and fair investigation. They have requested that Bessent respond to several questions by March 5, including whether CFIUS has reviewed the transaction in any form or submitted any recommendations to President Trump.The two senators pointed out that the transaction raises significant national security concerns regarding whether countries like the UAE could potentially access "sensitive personal information" collected by World Liberty Financial.

According to the Financial Times, Tether net purchased $28.2 billion in U.S. Treasury bonds in 2025, becoming the seventh largest foreign buyer, with its holdings surpassing those of countries like South Korea and Saudi Arabia, alongside Circle. U.S. Treasury Secretary Scott Bessent believes stablecoins are tools for promoting the dollar and absorbing U.S. debt, expecting the industry to grow from its current $300 billion to $3 trillion.Currently, the banking industry and the cryptocurrency sector are competing over stablecoin regulations. JPMorgan CEO Jamie Dimon and Coinbase CEO Brian Armstrong have disagreements on related terms. The banking sector is concerned that allowing third parties to pay interest on stablecoins will lead retail deposits to flow into stablecoins, thereby increasing financial risk. This standoff has caused divisions among Trump supporters, involving conflicts of interest between Wall Street banks and cryptocurrency industry donors.

JPMorgan analysts stated that based on a comparison adjusted for volatility with gold, the long-term target price for Bitcoin is $266,000. The main reasons for the decline in hash rate are the severe winter storms in the U.S. and high-cost miners exiting the market, but signs of a hash rate rebound have been observed.Despite short-term fluctuations, the JPMorgan team remains optimistic about the crypto market in 2026, expecting institutional investors to dominate market growth.

Distributed AI Lab Gradient has released the Echo-2 distributed reinforcement learning framework, aiming to break the barriers of training efficiency in AI research by decoupling the Learner and Actor at the architectural level to reduce the post-training costs of large models.Official data shows that this framework can reduce the post-training cost of a 30B model from $4500 to $425. Echo-2 utilizes separation of storage and computation technology for asynchronous training (Async RL), supporting the offloading of sampling computation to unstable GPU instances and Parallax-based heterogeneous GPUs. Additionally, Gradient plans to launch the RLaaS (Reinforcement Learning as a Service) platform Logits, which is currently open for reservations for students and researchers.

The co-founder of the Trump family-associated crypto project World Liberty Financial, Zak Folkman, stated that they plan to launch a foreign exchange platform called World Swap, as part of its USD1 stablecoin ecosystem.Folkman mentioned that World Swap aims to simplify the cross-border transfer process, challenging the high fees of traditional remittance service providers, which range from 2% to 10% per transaction, allowing users to send and receive digital dollars in a manner similar to mainstream payment applications. Folkman stated that more details will be announced later this month at an event held at Mar-a-Lago.

At the "Build and Scale in 2026" themed forum recently held by ChainCatcher in Hong Kong, Art Abal, Managing Director of the Vana Foundation, delivered a speech on the topic of "Why Data is Crucial for Building AI." He systematically elaborated on the core value of data as "context" in an AI-driven era, and how users can regain data sovereignty and unlock its potential economic value through decentralized technology.Art Abal pointed out that there is a serious data monopoly issue in the current AI ecosystem. The vast majority of consumers rely solely on a single general-purpose AI assistant and rarely use other major models, leading to the centralization of data and context. Meanwhile, large tech companies have been continuously restricting API access, terminating free services, and planning to charge fees in recent years, effectively depriving users of control over their own data and its contextual value.In response, Vana has proposed a comprehensive solution. First, by developing tools that enable users to truly own their data; second, by establishing protocols to achieve cross-platform portability of data; and finally, by building an ecosystem that encompasses applications, data DAOs (Decentralized Autonomous Organizations), and services to unlock the deeper value of data.He concluded that in the AI era, data is context, and context is the key to differentiation. Vana's mission is to return the control of data, context, and its economic value to every user through decentralized protocols and ecosystems, in order to build a more open and fair data value internet.

According to The Block, Bernstein's analysts stated that the current decline of Bitcoin reflects a crisis of confidence rather than structural damage, calling it the "weakest bear market" in Bitcoin's history. Additionally, the analysts reiterated their target price of $150,000 for Bitcoin by 2026, citing increased acceptance by institutional investors, improved ETF infrastructure, and better liquidity conditions.

According to Jinshi reports, U.S. Treasury Secretary Yellen stated that we still see a large inflow of foreign capital into U.S. Treasury bonds, as well as a massive influx of funds into the U.S. stock market.

According to CoinDesk, Norway's sovereign wealth fund, which has a size of $1.8 trillion, has indirectly held 9,573 bitcoins by holding shares in companies such as Strategy, MARA, and Metaplanet. By 2025, its bitcoin exposure is expected to grow by 149% compared to the previous year.

The address associated with the Bhutan Sovereign Wealth Fund Druk Holdings has reduced its holdings by 26,535 ETH in the last 24 hours. As of the time of writing, the health rate of the Aave account for this address is 1.17, currently holding 51,710.6793 stETH, with a loan of 79.75 million USDT still outstanding.

According to Arkham monitoring, before the decline in the cryptocurrency market, the Bhutan sovereign wealth fund transferred approximately 100.818 BTC to QCP Capital, worth about 8.31 million USD.

According to on-chain data, an address associated with Bhutan's sovereign wealth fund Druk Holdings actively sold Ethereum (stETH) during the drop in Ethereum this morning (around 2:30 AM) to avoid leveraged liquidation. Timing-wise, this transaction coincided with Ethereum's brief low point of $2,243.Statistics show that the address sold approximately 25,816 ETH in a short period while repaying a loan on Aave in the form of USDT. As of the time of writing, the health ratio of the address's Aave account is 1.1, and it currently holds 78,245.7949 stETH, with a remaining loan of 137.8 million USDT.

According to The Block, the indirect Bitcoin holdings of Norway's sovereign wealth fund grew by 149% in 2025, reaching 9,573 Bitcoins. This data was provided by K33's research director, Vetle Lunde.According to K33's analysis, by the end of 2025, the indirect Bitcoin exposure of the Norwegian Central Bank Investment Management (NBIM) was valued at $837 million, with 81% coming from its investment strategy.In addition, NBIM also holds shares in related companies such as MARA, Metaplanet, Coinbase, and Block.

The Bitcoin ZK-rollup project Citrea, backed by Founders Fund and Galaxy Ventures, has officially launched its mainnet, introducing DeFi lending, structured products, and the native USD stablecoin ctUSD, which uses BTC as collateral, aiming to bring "idle Bitcoin" into a complete DeFi and payment system.Citrea stated that the active DeFi liquidity at the initial stage of the mainnet launch is expected to reach $50 million. ctUSD is issued by MoonPay, pegged 1:1 to cash and short-term U.S. Treasury bonds, and is not a cross-chain asset but is natively issued on Citrea to reduce bridging risks and avoid liquidity fragmentation. The project has also sparked controversy: as block subsidies decline, should Bitcoin miner fee income be supported through non-payment uses like DeFi and stablecoins? Supporters argue that this is a sustainable source of demand, while opponents emphasize that Bitcoin block space should focus on simple, censorship-resistant payments.It is noteworthy that during the Citrea testnet phase, data availability usage once accounted for nearly 10% of Bitcoin's monthly data bandwidth, indicating that Rollup could have a substantial impact on Bitcoin's block space.

According to Jinshi reports, the dollar exchange rate fell during Thursday's Asian session, halting the rebound momentum from Wednesday. Concerns about a potential depreciation of the dollar have resurfaced, outweighing the influence of U.S. Treasury Secretary Yellen's reaffirmation of a strong dollar policy. Damien Loh, Chief Investment Officer of hedge fund Ensemble Capital, stated that Yellen employed "strategic ambiguity" when discussing the dollar, attempting to ease market expectations of a comprehensive weak dollar policy.