Odaily News Fed Reserve Chair Nominee Warsh: Need to gradually and cautiously reduce the balance sheet. (Jin10)
Odaily News According to sources, it remains unclear when U.S. Vice President Vance will leave Washington for Pakistan. The White House plans to hold further meetings on Tuesday to discuss follow-up matters, in which Vance will also participate. A White House official revealed: "The White House is holding more policy meetings, and the Vice President will also attend these meetings." Vance was originally scheduled to depart for Islamabad on Tuesday morning. However, a key question remains unresolved: whether the Iranian delegation will travel together. As of late Tuesday morning local time, Iran had not yet decided to send officials to Pakistan for the second round of talks. (Jin10)
According to Gate data, both WTI and Brent crude oil prices continue to rise, with WTI crude oil surpassing $92 per barrel, up nearly 4% intraday. Brent crude oil rose 3.65% intraday, reported at $93.68 per barrel.
Odaily News A 50-page report commissioned by Coinbase indicates that although current quantum computers are not yet capable of cracking the encryption technologies of networks like Bitcoin and Ethereum, fault-tolerant large-scale quantum computers will eventually be built, and the crypto industry must begin preparations now. The report was authored by an independent advisory committee, including cryptographers and scholars such as Dan Boneh from Stanford University, Justin Drake from the Ethereum Foundation, and Sreeram Kannan from Eigen Labs.
The report states that estimates for the time it would take quantum computers to break current encryption standards range from several years to over a decade. The U.S. National Institute of Standards and Technology recommends migrating to post-quantum cryptography by 2035, but the report suggests this timeline may be optimistic. Post-quantum cryptography already exists and is undergoing standardization, but post-quantum digital signatures can be tens to hundreds of times larger than existing signatures, potentially increasing block sizes by up to 38 times and introducing challenges such as wallet migration. The Ethereum Foundation has proposed a post-quantum digital signature scheme, and projects like Solana are also experimenting with post-quantum wallet designs. The report recommends adopting flexible transition strategies, such as hybrid systems, to prepare for future upgrades without compromising current security.
According to Lookonchain monitoring, whales/institutions are buying ETH.
A newly created wallet withdrew 35,000 ETH ($80.7 million) from Binance in the past 2 hours and transferred it to BitGo.
Odaily News: Fed Reserve Chair Nominee Warsh: Will Be Independent from US President Trump. (Jin10)
Odaily News Nominee for Federal Reserve Chairman Warsh stated that if appointed and in charge of the Fed, he would promote comprehensive reforms in policy-making. Warsh told the Senate Committee: "In my view, the Federal Reserve needs fundamental policy reforms. The mistakes made in dealing with inflation during the COVID-19 pandemic necessitate such reforms, and I believe this means a change in the way policies are implemented. I think this means a need for a different, completely new inflation framework." Warsh said we need new tools, we need new ways of communication, mentioning forward guidance, economic forecasts, and the dot plot. He said the Fed should wait until the meeting to issue statements because forecasts can hinder decision-making. (Jin10)
Odaily News Pakistan Information Minister: Still awaiting a formal response from Iran regarding confirmation of a delegation to participate in the Islamabad peace talks. (Jin10)
Odaily News: Crypto law firm Burwick Law has filed a federal class action lawsuit in the U.S. District Court for the Southern District of New York against defendants including AI16Z and ELIZAOS creator Walters. The lawsuit alleges violations of consumer protection laws, false advertising, and unjust enrichment. Legal documents indicate that the defendants are accused of leveraging the brand reputation of Andreessen Horowitz to package the project, launching the AI16Z token on Solana on October 24, 2024, which was later rebranded as ELIZAOS.
The complaint alleges that the project promoted an AI agent capable of autonomous investing, but it was actually manually operated and generated no revenue during the litigation period. On January 2, 2025, the token price reached an all-time high of approximately $2.47, with a market capitalization exceeding $2.6 billion. Subsequently, the price declined due to large holder sell-offs. On-chain data shows that the most profitable traders realized profits of around $39 million.
Odaily News MonetSupply, Spark's Strategy Lead, posted on platform X stating that Aave has decided to unfreeze the Ethereum Core WETH market. Under the current interest rate model, LST/LRT holders can execute high-leverage loop strategies using assets like weETH, leveraging conditions such as weETH's market price discount of approximately 0.5% and Aave's ETH borrowing rate cap of 5.15% to achieve an annualized return potential of around 45%. Currently, the utilization rate of the aEthWETH market has reached 100%, making it more difficult for ordinary depositors and stablecoin borrowers to exit or refinance from aWETH. MonetSupply pointed out that this decision, without addressing the liquidity tightness in aEthWETH, provides profit opportunities for arbitrageurs while weakening the liquidity and experience for ordinary users.
According to market news, Ramp, backed by Peter Thiel, will allow payments and consumption using stablecoin channels via Plasma.
Odaily News According to Gate data, U.S. and Brent crude oil prices surged nearly $1 in the short term, with WTI crude oil gaining 2% intraday, currently trading at $90.33 per barrel.
Odaily News According to Xinhua News Agency, US President Trump said in an interview with CNBC on the 21st that he expects the US military to continue bombing Iran after the ceasefire ends on the 22nd, as he believes taking such a tough stance is "more appropriate." The US military is prepared for action. Trump stated that the US and Iran will eventually reach a major agreement, "We are in a strong negotiating position, dealing with them very successfully," "The blockade operation was successful," "There isn't much time left." Trump also said, "I think they (Iran) have no choice, we destroyed their navy and air force," "We are prepared for military action." (Xinhua News Agency)
Odaily News According to an official announcement, Coinbase has suspended trading for 25 perpetual futures contracts as previously notified. All related open positions have been automatically settled at the final settlement price. The affected contracts include: TRB, RARE, NEIRO, A, ME, XTZ, KMNO, RAY, STX, ENS, GMT, SNX, 1000FLOKI, 0G, ORDI, NIL, BIO, UMA, BEAM, INIT, SOMI, EGLD, CLANKER, SOPH, BIGTIME, among others.
Odaily News According to data from msx.com, as the U.S. stock market opened, the Dow Jones Industrial Average rose 0.60%, the S&P 500 Index rose 0.25%, and the Nasdaq Composite Index rose 0.29%. The performance of the crypto sector was mixed, with Solana up 1.89%, Bitmine up 0.13%, and SharpLink up 0.06%; while Circle fell 1.92%, Coinbase fell 1.51%, and Strategy (MSTR) fell 0.61%.
It is reported that msx.com is a decentralized RWA trading platform that has cumulatively listed hundreds of RWA tokens, covering U.S. stocks and ETF token targets such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.
Odaily News According to the latest data from Gate, the price of gold has fallen to $4,770.90 per ounce, with an intraday decline of 1.03%. The price of silver has dropped to $78.333 per ounce, with an intraday decline of 1.71%.
The latest quote for BVIX (BTC Volatility Index) is 44.23, with an intraday increase of 1.12%. The latest quote for EVIX (ETH Volatility Index) is 68.40, with an intraday increase of 1.47%.
In the foreign exchange market, USD/CNH (US Dollar vs. Offshore Chinese Yuan) rose 0.03% intraday, with the current exchange rate at 6.81743. USD/JPY (US Dollar vs. Japanese Yen) rose 0.19% intraday, with the current exchange rate at 159.129.
In the commodities market, WTI crude oil rose 1.40% intraday, quoted at $90.66 per barrel. Brent crude oil rose 0.92% intraday, quoted at $96.36 per barrel.
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