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According to Jinshi reports, CME's "Fed Watch" shows that the probability of the Federal Reserve keeping interest rates unchanged until March is 90.2%, while the probability of a 25 basis point rate cut is 9.8%. By April, the cumulative probability of a 25 basis point rate cut is 26.4%, the probability of keeping interest rates unchanged is 71.5%, and the cumulative probability of a 50 basis point rate cut is 2%. By June, the cumulative probability of a 25 basis point rate cut is 51.8%.

Gray's Chief Legal Officer Craig Salm stated at the Consensus Hong Kong conference:"If you have a business need to make large payments to vendors but don't want other companies or competitors to see this, which could expose your business information, you would want this transaction to remain private.Paying with Bitcoin doesn't necessarily achieve this because the blockchain is transparent. We've all seen accounts specifically tracking on-chain transactions on platform X. So you can imagine scenarios where this demand exists.And privacy-preserving tokens like Zcash are interesting because of 'selective disclosure'; you can choose to disclose information to a specific party, such as proving to the IRS that you have paid your taxes correctly, while maintaining privacy in everyday business or personal transactions.So, we think this is a very interesting currency. We already have a substantial Zcash trust, and we are working on converting it into an ETF, just like we have done for several other products."

According to Coinglass data, the total open interest for ETH contracts across the network has increased by 9.37% in the past 24 hours, with the current total open interest at $25.162 billion. Among them, Binance has an open interest of $5.312 billion, OKX has $1.678 billion, Bybit has $2.057 billion, and Gate has $2.919 billion.

According to Jin Ten, Lawrence Werther, Chief Economist at Daiwa Capital Markets America, stated that the CPI report showing a slowdown in inflation for January and this week's better-than-expected employment data provide ample justification for the Federal Reserve to maintain interest rates at the March policy meeting. The year-on-year growth rates for overall and core inflation in January were 2.4% and 2.5%, respectively, reaching the minimum threshold for maintaining a patient policy. Additionally, core services inflation jumped 0.6% month-on-month, which may attract the attention of regional Federal Reserve presidents.

According to Jin Ten, Stephen Douglass of NISA Investment Advisors stated that about one-third of the inflation related to tariffs may still gradually transmit to the economy in the coming months. He expects that commodity inflation will fall below zero in the second half of the year, creating room for the Federal Reserve to resume rate cuts later than the market expects, with anticipated cuts in September and December.

According to Jinshi reports, MetLife economist Tani Fukui pointed out in a report that U.S. inflation has been largely unaffected by tariffs. The January CPI was 2.4%, further aligning with the Federal Reserve's 2% inflation target after a reading of 2.7% in December. Fukui stated that this is a very benign inflation report, supporting her view that the transmission effect of tariffs will be minimal this year, and maintaining her prediction of three rate cuts by the Federal Reserve this year.

According to Jinshi reports, State Street's Head of Macro Strategy Michael Metcalfe commented on the U.S. CPI data, stating that the anti-inflation trend continues, further confirming our view that we have passed the peak of inflation concerns. This paints a picture of a continuously improving inflation outlook, paving the way for interest rate cuts later this year.

According to Jin Shi reports, Seema Shah, Chief Global Strategist at Principal Asset Management, stated that the current situation is still not sufficient to justify a recent rate cut. The continued strength of the labor market provides policymakers with a reason to keep interest rates unchanged, and further easing of inflation in the second half of the year may reopen the door to accommodative policies.

According to Jinshi, U.S. interest rate futures indicate that the probability of the Federal Reserve cutting rates in June has slightly increased to 69%, up from 63% before the data was released.

According to Jinshi reports, traders expect a 50% probability of the Federal Reserve cutting interest rates for the third time this year.

According to Jinshi reports, before the CPI announcement, based on CME's "Fed Watch," the probability of the Federal Reserve keeping interest rates unchanged until March is 90.3%, and the probability of a 25 basis point rate cut is 9.7%. By April, the cumulative probability of a 25 basis point rate cut is 28.1%, the probability of keeping rates unchanged is 69.7%, and the cumulative probability of a 50 basis point rate cut is 2.2%. By June, the cumulative probability of a 25 basis point rate cut is 49.4%.

The founder of Openclaw, Peter Steinberger, recently confirmed in an interview with Lex Fridman that Openclaw has received acquisition offers from multiple companies. Regarding potential funding in the hundreds of millions or even billions, Steinberger stated, "I am not interested at all. I have been a CEO once, and that path would consume all my time and lead to conflicts of interest, such as prioritizing the enterprise version or modifying the open-source license, which would harm the community. What I want is completely free and open-source without any conditions. Moreover, relying on donations is simply not sustainable; even popular projects like Tailwind are laying off staff."Additionally, Steinberger mentioned that Openclaw is currently losing money. Monthly revenue is between $10,000 and $20,000, but it subsidizes personal maintenance of dependency projects. Companies like OpenAI provide some support, but it is still not sustainable. Regarding the option to collaborate with large labs, Steinberger stated that the core condition is that the project must remain open-source, similar to Chrome and Chromium. "This matter is too important to be left entirely to one company. Moreover, the community atmosphere of ClawCon is particularly precious; it embodies the enthusiasm that was present in the early days of the internet. I want to spread it to more people; this year is the year of personal agents, and collaborating with labs is the fastest way. I have never worked at a large company, and I want to experience that."

According to Jinshi News, analysts believe that tonight's U.S. inflation data may bring more positive news. The Dow Jones market expectations indicate that the overall CPI for January in the U.S. is expected to rise to 2.5% year-on-year. If the data meets expectations, it means that the CPI will return to the level of May 2025. The overall CPI in December was 2.7%, and the core CPI is expected to record a month-on-month increase of 0.3% in January.Tom Lee, head of research at Fundstrat Global Advisors, stated that a 2.5% inflation level is close to the average level from 2017 to 2019, suggesting that the Federal Reserve has significant room to cut interest rates.

Cointelegraph posted on the X platform that the total open interest in BTC futures has dropped to $34 billion, down 28% from 30 days ago, marking the lowest level since 2024. However, the open interest measured in BTC remains stable at 502,450 BTC, indicating that leverage demand has not changed. Part of the decline is attributed to a total of $5.2 billion in forced liquidations over the past two weeks.Weak U.S. employment data and BTC options skew suggest a bearish shift in the market. Data from the U.S. Department of Labor shows that the U.S. economy added only 181,000 jobs in 2025. The annualized funding rate for BTC futures has been below the neutral level of 12% for the past four months. Deribit's BTC options delta skew has risen to 22%, indicating a premium for bearish (sell) instruments. Despite the weak derivatives indicators, the average daily trading volume of U.S. spot Bitcoin ETFs reached $5.4 billion, contradicting speculation of declining institutional demand.

According to Jinshi reports, CME's "Fed Watch" shows that the probability of the Federal Reserve keeping interest rates unchanged until March is 92.2%, while the probability of a 25 basis point rate cut is 7.8%. By April, the cumulative probability of a 25 basis point rate cut is 25.3%, the probability of keeping rates unchanged is 73.1%, and the cumulative probability of a 50 basis point rate cut is 1.6%. By June, the cumulative probability of a 25 basis point rate cut is 49.9%.

According to Jinshi reports, the market chief of Mizuho Bank stated that the Bank of Japan is likely to raise interest rates up to 3 times this year.

With the U.S. non-farm payrolls for January exceeding expectations by an increase of 130,000 last night, the significant rise of 130,000 has led to a revision in market expectations regarding the pace of interest rate cuts by the Federal Reserve. Driven by this macroeconomic variable, global core stock indices have entered a volatile range, attracting a large amount of capital for hedging and position adjustments.Against this backdrop, the open interest in Gate index contracts has seen explosive growth. According to CoinGlass data, in the past 4 hours, the top four positions in open interest growth were all held by this platform: HK50 (Hang Seng Index) increased by 1841.43%, US30 (Dow Jones Industrial Average) increased by 1126.15%, NAS100 (Nasdaq 100 Index) grew by 392.29%, and SPX500 (S&P 500 Index) grew by 237.01%.Currently, Gate contracts comprehensively cover traditional financial assets including stocks (48 types), metals (11 types), foreign exchange (3 types), commodities (2 types), and indices (13 types), supporting continuous trading 24/7, with a maximum leverage of 100 times. Gate is continuously building a multi-asset contract system that covers mainstream TradFi assets, creating the industry's most comprehensive trading area for index and traditional financial asset contracts.

According to Jinshi News, a research report from CITIC Securities indicates that no further rate cuts are expected during Powell's term. The institution believes that under Walsh's chairmanship at the Federal Reserve, the baseline scenario for the second half of the year will involve 1 to 2 rate cuts, each by 25 basis points.Walsh will not significantly cut rates in response to Trump's demands, still basing decisions primarily on economic fundamentals and paying attention to inflation risks, but he is not entirely hawkish.

According to Jinshi, the U.S. non-farm payrolls unexpectedly surged, hitting the U.S. bond market, as traders rushed to cut bets on the Federal Reserve lowering interest rates this year. Short-term government bonds were hit hardest, with the two-year Treasury yield rising by 6 basis points to around 3.51%. The money market currently expects the Fed's next rate cut to occur in July, rather than the previously anticipated June.After the U.S. stock market closed flat, Asian stock index futures showed mixed trends. Futures indicate that the Japanese stock market will rise after reopening on Thursday following a holiday, while the Australian benchmark stock index contract saw a decline. These fluctuations suggest that the current strength of the U.S. economy is offsetting the market's desire for lower borrowing costs, supporting risk sentiment.Bret Kenwell from eToro stated that investors should welcome the U.S. employment report, even if it gives the Fed more room to keep rates unchanged. He noted, "If the labor market does stabilize, it will be constructive for both the economy and the market."

According to Jinshi reports, CME's "Fed Watch" shows that the probability of the Federal Reserve keeping interest rates unchanged until March is 94.1%, while the probability of a 25 basis point rate cut is 5.9%. By April, the cumulative probability of a 25 basis point rate cut is 20.5%, the probability of keeping rates unchanged is 78.5%, and the cumulative probability of a 50 basis point rate cut is 1%. By June, the cumulative probability of a 25 basis point rate cut is 48.1%.