Liang Wenfeng's net worth surpassed Huang Renxun Trump: Russia-Ukraine War must end
Reprinted from jinse
02/12/2025·2MHeadlines
▌Bloomberg : DeepSeek Liang Wenfeng 's net worth surpasses Huang Renxun, estimated to be as high as US$126 billion
According to a survey by Bloomberg on seven startup founders and AI experts, DeepSeek's valuation is up to US$150 billion. Based on this calculation, Liang Wenfeng's 84% stake will be worth US$126 billion, surpassing Nvidia's net worth Huang Renxun.
According to the Bloomberg Billionaire Index, Liang Wenfeng, who holds 84% of DeepSeek shares, will be among the richest tech tycoons in Asia if valuated by the above data.
▌Trump : The Russian-Ukraine war must end and will end soon
According to market news, Trump said he will send Finance Minister Scott Besent to Ukraine to meet with President Zelensky. Trump said the war must end and will end soon.
Quotes
As of press time, according to Coingecko data:
BTC's recent transaction price is US$95,940.53, up and down -1.8% intraday;
ETH's latest transaction price is US$2,609.06, with an intraday increase and decrease of -2.3% ;
BNB's recent transaction price is US$644.53, with an intraday increase of +3.8% ;
SOL's latest transaction price is US$198.23, with an intraday increase and decrease of -1.3% ;
DOGE's latest transaction price is US$0.2534, with an intraday increase and decrease of +0.2% ;
XPR's recent transaction price is US$2.42, with an intraday increase and decrease of -0.4 % .
policy
▌U.S . SEC member Hester Peirce: Meme coins such as "TRUMP" may not be within the jurisdiction of the US SEC
In an interview with Bloomberg on Tuesday, SEC Commissioner Hester Peirce was asked about the official Meme coins of President Donald Trump and his wife, TRUMP and MELANIA, and the Whether a cryptocurrency is within the jurisdiction of the institution.
The newly appointed head of the U.S. SEC cryptocurrency task force said such assets may not fall within their jurisdiction. President Donald Trump launched his own Solana-based memorandum token TRUMP before his inauguration on January 20, and Melania Trump also quickly launched his token.
▌U.S . SEC member Hester Peirce: The SEC is waiting for the appointment of the chairman before setting an encrypted agenda
In a virtual speech at a group meeting of the Federalist Association today, SEC member Hester Peirce said that it was "too early" to start developing a cryptocurrency regulatory agenda without the responsibility of the Senate- approved chairman.
Mark Uyeda is currently taking over as acting chairman, but the Senate is expected to vote soon on the nomination for former U.S. SEC committee member Paul Atkins.
"Acting Chairman Mark Uyeda did a great job and the agenda worked - we have not stopped working, but we estimate that if Paul Atkins is confirmed as chairman, he will soon take office and start making an agenda." Peirce added that the SEC is “trying to find out” the way forward for formulating digital asset rules.
▌ " My Big Coin" founder fined $7.6 million for cryptocurrency fraud
The U.S. Commodity Futures Trading Commission (CFTC) announced on February 10, 2025 that the Massachusetts District Court has issued a consent order against Randall Crater (founder of “My Big Coin”) of Heathrow, Florida, asking it to encrypt. Victims of currency fraud schemes pay more than $7.6 million in damages.
The order also prohibits Crater from trading in any CFTC-regulated market, conducting any transactions involving digital asset commodities, and registering with the CFTC.
Randall Crater faces allegations about a digital asset company called "My Big Coin Pay, Inc." Randall Crater has committed a fraudulent investor with other individuals from around 2014 to at least 2017. The plan is to attract investors to invest in proprietary digital currency.
▌US SEC has accepted 21Shares, Bitwise, Canary and VanEck 's Solana spot ETF applications
Several institutions have submitted applications for Solana Spot Exchange Traded Fund (ETF) to the U.S. Securities and Exchange Commission (SEC), and the SEC has confirmed that it has received and accepted relevant documents.
Cboe BZX Exchange has filed a proposed rule change form to support the listing and trading of Solana spot ETFs issued by 21Shares, Bitwise, Canary Capital and VanEck. Previously, the Solana ETF applications for these companies were denied.
Bloomberg ETF analyst James Seyffart and Eric Balchunas said on Monday that they see the SEC's chances of approving the Solana ETF at 70%. Franklin Templeton also appears to be preparing to join the Solana ETF, which filed documents in Delaware on Tuesday to register the Franklin Solana Trust.
▌US SEC opens 21-day public comment period for Canary Solana ETF
The Securities and Exchange Commission (SEC) kicked off a 21-day public comment period for the Canary Solana ETF, a proposed ETF that will bring SOL investment into mainstream finance in a regulatory filing on Tuesday. This document is equivalent to setting a time node for Canary Capital’s proposed investment vehicle. Within 21 days, the SEC will make a ruling (approval or rejection) or extend the deadline to postpone the decision.
Crypto market observers are generally optimistic about the approval of SOL and other altcoin ETFs in 2025, but the specific time and order are still unclear.
Blockchain application
▌Ethereum Foundation will provide $200,000 in grant to support Pectra 's ecosystem upgrade
The Ethereum Foundation announced that it will provide a $200,000 grant to support the Pectra upgrade ecosystem, with the application date ending until February 23. Proposals submitted to Pectra Proactive Grant Round should comply with one or more of the following key areas: core protocol support, tools and infrastructure, testing and security, adoption and impact analysis.
Cryptocurrency
▌ WLFI: Launches the strategic token reserve "Macro Strategy" to support crypto projects such as Bitcoin and Ethereum
World Liberty Financial (WLFI), a crypto project supported by the Trump family, announced the launch of Macro Strategy, aiming to establish strategic token reserves, support leading cryptocurrency projects such as Bitcoin and Ethereum, and promote global financial change. The strategy will help WLFI enhance stability, promote growth and build trust, while working with traditional financial institutions to promote asset tokenization.
The announcement stated that WLFI is working with several financial institutions to include its tokenized assets in its reserves and provide transparency through an open blockchain wallet. In addition, WLFI will jointly conduct marketing and brand promotion activities with partner organizations to demonstrate its leadership in the field of financial innovation. WLFI calls on the community to actively participate, and the relevant proposals will be published in the governance forum.
▌Goldman Sachs Bitcoin ETF holdings increased to US$1.5 billion in Q4 2024
According to the latest 13F filing filed by investment banking giant Goldman Sachs on Tuesday, the company's Q4 2024 Bitcoin ETF holdings rose to $1.5 billion.
As of December 31, 2024, Goldman Sachs held $1.27 billion (or 24.07 million shares) of BlackRock iShares Bitcoin Trust ETF (IBIT), the largest spot Bitcoin ETF calculated by asset management, which means Goldman Sachs holds The number of stocks increased by 88% compared with the previous quarter.
Goldman Sachs also increased its stake in the Fidelity Wise Origin Bitcoin Fund, holding $288 million worth of FBTC (3.5 million shares). Compared with the previous period, this shareholding volume increased by 105%.
Each quarter, institutional investment managers who manage at least $100 million in equity assets must submit a 13F report to the Securities and Exchange Commission. These reports require submission within 45 days of the end of each quarter to understand the manager's stock holdings.
▌ 3iQ plans to launch 3iQ Solana Staking ETF and 3iQ XRP ETF in Canada
3iQ submitted a preliminary prospectus to the Ontario Securities Commission and other Canadian regulators on January 28, planning to list the 3iQ Solana Staking ETF and 3iQ XRP ETF on the Toronto Stock Exchange. If approved, they will be the first exchange-traded funds in the world to offer Solana and XRP exposure.
3iQ is a global digital asset investment management company that manages $1 billion in assets. Toronto-based Sol Strategies announced Tuesday that it has been selected as a staking provider for 3iQ Corp.'s Solana Staking ETF. As of January 31, Sol Strategies and its subsidiaries held a total of 189,968 shares of SOL with an average acquisition price of approximately $179 per share.
▌ Coinbase premium index turns positive in the past week, and BTC demand from US institutional investors may rise
According to crypto analyst Ali Martinez, the Coinbase Premium Index turned positive in the past week, and the indicator trend indicates that BTC demand for US institutional investors may rise.
▌JPMorgan Chase: Despite the rise in total market value, crypto ecosystem growth slows down in January
JPMorgan noted that the total market value of cryptocurrencies rose 8% last month to about $3.4 trillion. Despite the increase in total market cap, crypto ecosystem growth slowed in January, with market cap growth concentrated on Bitcoin (BTC), Solana (SOL) and XRP, while the decline in daily average trading volume (ADV) is common throughout the ecosystem. . In its report, JPMorgan said decentralized finance (DeFi) and non-fungible tokens (NFTs) performed poorly on a monthly basis, with multiple indicators deteriorating even more.
▌Analysts : ETH is expected to rebound from oversold levels to $3,000
"ETH appears to be trying to build some bullish momentum and may eventually rebound to above $3,000. As many medium and long-term players step in to capitalize on the recent decline, people are celebrating the global market," LMAX strategist Joel Kruger said in a report on Tuesday. Sentiment for the second largest crypto asset is rising again.”
Additionally, cryptocurrency analysis firm 10x Research noted in a report that the Ether’s relative strength index (RSI) (a key technical indicator for measuring momentum) fell to around 35%, indicating that it would be from similar supers in the past few times Selling level rebounded. Ethereum is currently fighting a key resistance level of around $2,650, and after a breakout, the price may climb to the next resistance level around $3,000.
▌ Cryptocurrency custody company BitGo is expected to conduct IPO as early as the second half of 2025
According to Bloomberg, cryptocurrency custody company BitGo is expected to conduct an IPO as early as the second half of 2025.
BitGo completed a $100 million Series C round in August 2023 with a valuation of $1.75 billion, the company’s first financing since 2017, when it received $42.5 million led by Valor Equity Partners In the B round of financing, David Sacks, the US "Crypto Tsar" and former PayPal chief operating officer, also participated in the investment.
In 2021, BitGo planned to go public through an acquisition deal with Galaxy Digital. But Galaxy Digital said the transaction ended in August 2022 as BitGo “failed to submit” audited financial statements. If the transaction is successful, BitGo's valuation will reach $1.2 billion.
Important economic trends
▌Former U.S. Treasury Secretary Summers: Inflation may break out again, the Fed 's next step may be to raise interest rates
Four years ago, former U.S. Treasury Secretary Lawrence Summers criticized U.S. fiscal and monetary policymakers for overstimulating the economy, leading to the biggest risk of inflation outbreaks in a generation. Now he warns again that price pressures are at risk of breaking through again.
"This is probably the most sensitive moment we are facing inflation escalation since policy mistakes triggered severe inflation in 2021," Summers said on Wall Street Week TV.
Summers noted that signs of tension in the job market, including a sharp increase in wages in January job data released last week, have provided a backdrop for a potential rebound in consumer prices, even before the new government takes any action. Since the data was released, U.S. President Trump has also raised tariffs on imported goods and threatened to increase a range of other tariffs.
"This is a time when we have to be very cautious about inflation, even before the White House introduces policies," said Summers, a Harvard professor and a paid contributor to Bloomberg TV. He urged the Fed to remain alert to price pressures and believes that There may be no further rate cuts in the current cycle.
▌The probability of the Federal Reserve keeping interest rates unchanged in March is 95.5%
According to CME's "Federal Observation", the probability of the Fed keeping interest rates unchanged in March is 95.5%, and the probability of cutting interest rates by 25 basis points is 4.5%. The probability of maintaining the current interest rate unchanged by May is 78.3%, the probability of a cumulative interest rate cut of 25 basis points is 20.9%, and the probability of a cumulative interest rate cut of 50 basis points is 0.8%.
▌Former U.S. Treasury Secretary warns of possible price pressure, saying this cycle of interest rate cuts may be over
Four years ago, former U.S. Treasury Secretary Lawrence Summers accused U.S. fiscal and monetary policymakers of overstimulus, which could trigger the biggest inflation boom in a generation. Four years later, he warned of the danger of price pressures erupting again. “This may be the most sensitive moment for inflation to escalate since policy mistakes in 2021 triggered severe inflation,” Summers said. "Now is a time when we have to be very cautious about inflation, even before you see the policies introduced by the White House." He urged the Fed to remain vigilant about price pressures and believes there may be no further rate cuts in the current cycle.
▌The United States established a "Federal Confidential Decryption" working group to decrypt documents such as Kennedy's assassination
Rep. Anna Paulina Luna, a Republican, will lead a new task force that will be responsible for the "decryption of federal secrets". It is reported that the working group will release confidential documents related to the assassination of former U.S. President John Kennedy, former Attorney General, Federal Senator Robert Kennedy and civil rights leader Martin Luther King in accordance with an executive order signed by President Trump. . In addition, the working group will also be responsible for investigating the list of cases involved in the "Epstein case", UFOs (UAP), etc.
Golden Encyclopedia
▌What is DeFAI?
DeFAI combines DeFi's decentralized financial ecosystem with artificial intelligence-driven analysis and automation. By the end of 2025, the market size of these solutions will soar from about $1 billion to $10 billion. DeFAI is still in its early stages, focusing mainly on momentum trading similar to memecoins, so there is still a lot of room for rapid development. DeFAI represents a turning point in the Crypto asset industry, combining the decentralized spirit of DeFi with the computing intelligence of artificial intelligence.
Disclaimer: As a blockchain information platform, the content of the articles published by Golden Finance is for information reference only and is not used as actual investment advice. Please establish the correct investment philosophy and be sure to improve your risk awareness.
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