ChainCatcher news, according to Yahoo Finance, the Secretary for Financial Services and the Treasury, Christopher Hui, stated that he is continuously reviewing and improving Hong Kong's regulatory framework to cultivate a more complete virtual asset ecosystem, including the development of a comprehensive framework that encompasses virtual asset exchanges, stablecoin issuers, custodians, and over-the-counter trading activities.Christopher Hui mentioned that Hong Kong is building a bridge between traditional finance and the rapidly developing digital economy. The regulatory framework has established a solid foundation for this transformative trend. For example, the Securities and Futures Commission has announced regulatory expectations for intermediaries engaging in tokenized securities-related activities, providing clarity for market participants and fostering a trustworthy innovation environment. He emphasized that the trends of tokenization and the transformation brought by artificial intelligence can only reach their full potential within a reliable and adaptable regulatory system, which will protect the market with fairness, consistency, and the highest standards.

ChainCatcher message, previously Argentine President Milei forwarded the LIBRA token purchase process, which caused LIBRA to briefly surge above 0.7 USD.The LIBRA token purchase process was originally tweeted by Argentine economic and political commentator Dario Epstein on his X account. Dario Epstein added in the comments that the content shared is not a buying tutorial, but rather demonstrates how difficult it is for ordinary people to purchase this 'junk coin'.

ChainCatcher news, according to Jinshi reports, the "Xuhui District Business Environment Optimization Action Plan 8.0" and the new round of industrial policy system were released successively on February 14. It will focus on key areas such as cross-border investment facilitation, digital governance standardization, and internationalization of intellectual property protection, launching "ten major actions" with 34 tasks and measures. By 2025, it will lead with artificial intelligence and fully promote the vigorous development of key industries such as digital economy, life and health, cultural creativity, modern commerce, sci-tech finance, professional services, and high-end manufacturing, while actively cultivating new track industries such as low-altitude economy, blockchain, synthetic biology, and embodied intelligence, seizing the "nuclear explosion point" of industries and accelerating the growth of new quality productivity.

ChainCatcher news, according to Jinshi reports, "Fed's mouthpiece" Nick Timiraos: The inflation data in January performed strongly, which undermines the justification for the Fed to further "readjust" the rate cut path before mid-year.

ChainCatcher news, CoinDesk senior analyst James Van Straten stated that Bitcoin mining difficulty reached a historic high of 114.7 T after the weekend adjustment, an increase of 5.61% from the last difficulty adjustment.This change coincides with the timing of the Hash Ribbon indicator signaling miner capitulation. The Hash Ribbon is a market indicator that typically forms when miners capitulate—when mining costs exceed profits, suggesting that Bitcoin may be nearing a local bottom.According to data from Glassnode, miner capitulation began in early February. Bitcoin has dropped over 4% so far this month. Historically, when this indicator signals capitulation, it usually marks a local price bottom.If this pattern holds, the bottom for Bitcoin could be around $91,000. The last capitulation signal appeared in October 2024, after which Bitcoin surged by 50%.As mining difficulty increases, mining becomes more competitive, putting additional pressure on miners. January's production data reflects this, with Riot Platforms being the only major publicly listed miner reporting a month-over-month increase in output.

ChainCatcher news, according to CloverPool data, the Bitcoin network completed a new round of difficulty adjustment on February 9, 2024, at 17:33:07 (block height 883,008), with the difficulty value increased by 5.61% to 114.17 T.The current average hash rate of the Bitcoin network is 814.41 EH/s, and the next difficulty adjustment is expected to occur in about 14 days.

ChainCatcher message, according to the latest research report from JPMorgan, in January, the average monthly Bitcoin network hash rate slightly increased by 1% year-on-year to 785 EH/s, while mining difficulty decreased by 2% month-on-month. The report pointed out that the average hash rate for the last week of the month was 781 EH/s, a decrease of 2% compared to the end of December.Analysts stated that this situation is relatively rare and is a mild positive for the Bitcoin mining economy. It is worth noting that the current network difficulty is still 25% higher than before the halving in April last year. In terms of revenue, in January, miners earned an average daily block reward income of $57,200 per EH/s, an increase of less than 1% compared to December.

ChainCatcher news, 10x Research analysis suggests that Bitcoin may face supply tightening, although the market still lacks key market structure data support. They point out that there are several positive signals in the current market, including on-chain data, seasonal trends, breakout indicators, the Chinese New Year effect, a neutral Federal Reserve policy, and a crypto-friendly president. However, these factors have not yet resonated with the market structure.Additionally, 10x Research also mentioned that it has become increasingly difficult to achieve stable returns through altcoins in the current bull market. Only during the period from the U.S. elections on November 5 to the employment report on December 6/9 did altcoins perform strongly, while the subsequent hawkish statements from the Federal Reserve in mid-December put pressure on the market.

ChainCatcher message, Uniswap CEO Hayden Adams posted on X: "Honestly, I've been thinking about an EIP for years, which is to acquire top DeFi projects and L2 through one-time ETH inflation.DAOs can submit on-chain in advance, so everything happens simultaneously. Make DeFi + L2 free, and the only remaining code is ETH. All supplementary projects are commoditized.I have never advocated for this initiative, as it seems unlikely to be realized, but the impact it brings cannot be ignored, and in my opinion, it is worth it for Ethereum."

ChainCatcher news, according to CloverPool data, the Bitcoin network completed a new round of difficulty adjustment on January 27, 2024, at 11:22:53 (block height 880,992), with the difficulty value decreased by 2.12% to 108.11 T.The current average hash rate of the Bitcoin network is 771.20 EH/s, and the next difficulty adjustment is expected to occur in about 14 days.

ChainCatcher news, according to Bitcoin News, since August 2024, the mining difficulty of Bitcoin has seen a significant increase, with a quarterly rise of 24%.

ChainCatcher news, according to Cointelegraph, Moneycorp's Head of Trading and Structured Products Eugene Epstein stated in an interview: "We have experienced cyclical bull markets in cryptocurrency before, but I remember this is the first time the hype is really happening at the government level. So far, there has just been a lot of talk, but in terms of acceptance, this is still the furthest cryptocurrency has ever gone."The United States is already the largest sovereign holder of Bitcoin, primarily from judicial seizures. According to data from Bitbo, the country holds over 200,000 Bitcoins, equivalent to nearly $22 billion.Epstein noted that trading in the cryptocurrency market is based on the expectation that the U.S. will make significant purchases in the future. The market has already priced in the large-scale purchases of cryptocurrency by governments at all levels in the U.S., and if those expectations are not met, there could be a pullback: "Unless some kind of state-level program really starts to be implemented, I find it hard to see the market go up; I expect this will be led by the Treasury."

ChainCatcher news: Well-known trader GCR (@GiganticRebirth) sold 174.9 million CULT about 2 hours ago in exchange for ETH and USDT worth $557,000.It is worth noting that GCR claimed these tokens a month ago, when they were valued at $1.72 million.