1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: -0.42%
ETH: -2.93%
XRP: +2.65%
SOL: +1.72%
DOGE: -1.30%
SUI: -5.76%
TRUMP: -2.83%
PEPE: -3.91%
BERA: -6.36%
ENA: +4.29%
24 H increase list (data source: OKX):
SWFTC: +25.21%
UXLINK: +19.07%
LAT: +16.83%
FLR: +14.03%
CTXC: +11.06%
XNO: +10.98%
ATH: +10.55%
DUCK: +9.91%
PENDLE: +8.53%
GOAL: +8.49%
2. Top 5 popular memes on the chain (data source: GMGN ):
TYGA
YE
BIGBALLS
GSAI
69 MINUTES
3. 24H hot search currencies
BERA: The official token of Berachain, the leading parallel EVM project, was recently listed on several first-tier exchanges including Coinbase and Upbit, but it fell to below $7 after listing and has now recovered slightly.
ONDO: The official token of Ondo Finance, which recently launched the Ondo Chain, a Layer 1 blockchain for institutional finance. Meanwhile, the Trump family’s WLFI continues to buy this token.
Headlines
Story releases IP token economics, community allocation accounts for 58.4% of the total
Layer 1 intellectual property blockchain Story released the IP token economic model: the total supply of IP is 1 billion, and 25% will be initially unlocked. 58.4% of them will be allocated to the community, including the ecosystem and community, foundation and initial incentives. IP tokens will be used for staking, paying gas fees and governance. The specific allocation plan is:
Ecosystem and community: 38.4%
Initial incentive: 10%
Foundation: 10%
Early investors: 21.6%
Early Contributors: 20%
Regarding the staking mechanism, IP will adopt the principle of fair start. Within 42 days after the 1/19 genesis block (i.e. the singularity period), users can participate in staking or delegate staking, but no staking rewards will be generated during this period. After the singularity period, all participants will begin to receive staking rewards.
Bloomberg: Multiple SEC-related internal confidential documents disclosed by reporters
According to Bloomberg, former investigative reporter Jason Leopold has released a series of internal documents obtained from the U.S. Securities and Exchange Commission (SEC) under the Freedom of Information Act (FOIA) over the past six months, including:
- Email correspondence with SEC Chairman Gary Gensler;
- Multiple confidential letters from Tesla’s legal team regarding the SEC’s ongoing enforcement action against Elon Musk;
-Investigation report on the hacking of the SEC official X account;
-Related investigation documents on Deepfake photos appearing on Platform X and their impact on the market;
-Multiple Inspector General reports.
Leopold said that obtaining these documents was a long process, including regular follow-up on the status of the application, consultation with the agency, and narrowing the scope of the application, and some of the content still has information blacked out. These documents will provide the public with important reference information on the internal operations of the SEC.
Polymarket predicts that the probability of the U.S. SEC approving the spot Solana ETF application before July 31, 2025 has dropped to 35%. This figure has fallen 41% from the high point of 76% on December 8 last year.
Industry News
Potential candidates for the Trump administration’s Digital Asset Markets Task Force have been unveiled, including industry executives such as former Kraken general counsel Marco Santori, Ripple co-founder Brad Garlinghouse, podcast host Frank Chaparro, Circle CEO Jeremy Allaire, Coinbase CEO Brian Armstrong, and Crypto.com CEO Kris Marszalek.
The list is not exhaustive and potential candidates for the advisory board are understood to be selected based on their industry experience.
President Trump’s recent executive order establishing the Digital Asset Markets Task Force has been widely welcomed by the crypto industry as a significant shift in the U.S. government’s stance on digital currencies.
Trump plans to announce retaliatory tariffs as early as Friday
President Trump told Republican lawmakers he plans to announce retaliatory tariffs as early as Friday, according to Reuters. During his campaign, Trump promised to impose retaliatory tariffs on U.S. imports that would be equal to the rates that trading partners impose on U.S. exports. The White House did not respond to a request for comment.
U.S. unemployment rate unexpectedly fell in January, hitting the lowest level since May last year
The US unemployment rate was 4.0% in January, the lowest since May last year, while the market expected it to remain unchanged at 4.1%.
A bipartisan group of members of the U.S. House of Representatives introduced a resolution supporting blockchain technology and digital assets. The proposal was announced by Dusty Johnson, Chairman of the House Agriculture Committee’s Subcommittee on Commodity Markets, Digital Assets, and Rural Development, and Ranking Member Don Davis, and Bryan Steil, Chairman of the House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, and Ranking Member Ritchie Torres.
The resolution highlights the economic potential of digital assets, the need for regulatory clarity, and the role of blockchain in improving transparency and efficiency. It also warns that without clear regulation, the United States risks losing its innovation advantage to countries with clearer legal frameworks. Following the release of the resolution, lawmakers issued a statement highlighting the urgency of regulatory action. Currently, developers face uncertainty due to gaps in the commodities and securities regulatory framework, said Johnson. He elaborated, Digital assets require a regulatory framework to thrive in the United States. I look forward to working with Representative Steil to bring greater clarity to digital assets.
Steil agreed, saying, “Digital assets have tremendous untapped potential. I am pleased to join Congressman Johnson in formally recognizing the need for Congress to take meaningful action to establish a regulatory environment that promotes innovation, protects consumers from fraud, and encourages the development of digital asset technology in the United States.”
Additionally, Davis emphasized the transformative power of blockchain, saying, “Blockchain technology and digital assets will transform industries, strengthen our financial system, and provide everyone with fair access to financial services.” Torres also emphasized, “Blockchain technology and digital assets represent the future of innovation, economic growth, and financial inclusion.”
A recent JPMorgan survey of institutional traders showed that more than 70% of respondents had no plans to trade cryptocurrencies this year, a slight drop from 78% in 2024.
However, the number of traders interested in cryptocurrencies has increased, with 16% of respondents planning to trade digital assets and 13% already active in the space.
All respondents in the survey expressed an intention to increase online or electronic trading activity, especially in less liquid assets. This shift in focus comes against the backdrop of a more favorable regulatory environment for digital currencies following major changes in U.S. financial institutions.
While institutional interest in cryptocurrencies remains modest, inflation and tariffs are expected to be the main concerns for the market in 2025, followed by increased geopolitical tensions. Market volatility is considered the biggest challenge for traders, with concerns increasing significantly compared to the previous year. In addition to trading trends, there are signs that the US government is softening its stance on cryptocurrencies.
Investment and Financing
According to an official announcement by Fragmetric on the X platform, it has completed a $7 million seed round of financing, led by Finality Capital Partners and Hashed, with participation from Hypersphere, Presto Labs, Bitscale Capital, Halo Capital and Flowdesk, and support from multiple angel investors in the Solana and Restaking ecosystems.
Fragmetric is committed to building the first Liquid Restaking site in the Solana ecosystem, focusing on NCN (Node Consensus Network) reward distribution and LST (Liquid Staking Tokens) management, aiming to optimize capital efficiency and enhance Solanas security and decentralization capabilities. Since its launch in October 2024, the protocol has attracted more than 25,000 independent addresses to hold assets such as fragSOL and fragJTO. With the launch of TipRouter, the liquidity restaking income will be automatically reinvested, further increasing the yield of fragSOL and fragJTO. In addition, Fragmetric plans to integrate more DeFi protocols in the future, and collaborate with Jito Staking and the upcoming NCN projects such as Squads Protocol, Switchboard, Sonic SVM, Ping Network, etc. to promote the expansion of the Solana ecosystem.
Prodigy.Fi Completes $5 Million Seed Round and Receives Funding from Berachain Foundation
Prodigy.Fi, a decentralized yield and on-chain dual investment trading platform, announced on X platform that it has completed a $5 million seed round of financing, led by Quantstamp and Republic, with participation from Arbelosxyz, PANONY Group, RSK Capital and Samara Alpha. This round of financing will be used to promote its DeFi yield mining and trading product development on Berachain.
In addition, ProdigyFi has also received RFB funding from the Berachain Foundation and plans to distribute 10%-15% of BERA to testnet users as rewards.
SoftBank pledges to invest up to $40 billion in OpenAI, with the right to select other investors
The deal being struck between SoftBank CEO Masayoshi Son and OpenAI CEO Sam Altman is unprecedented in both size and structure, with negotiations between the two parties taking place in two phases, according to people familiar with the matter. First, SoftBank will conduct an exclusive round of financing, committing to invest up to $40 billion in OpenAI. SoftBank is not expected to provide all the funds alone and has the right to invite other partners to participate in this round of financing. A person with direct knowledge of the plans said OpenAI can approve or veto new investors. This round of financing is expected to value OpenAI at $260 billion.
In the second phase, SoftBank plans to initially invest about $15 billion to $20 billion in Stargate. OpenAI has agreed to match whatever SoftBank puts into the infrastructure project.
The partners, including Abu Dhabi state fund MGX and Stargate Equity Investors, intend to make further investment decisions after seeing the project progress, according to three people familiar with the matter.
OpenAI and SoftBank declined to comment.
Dubai-based blockchain cloud gaming infrastructure company The Game Company (TCG) has raised $10 million in equity and token funding, with participation from Telcoin and its CEO Paul Neuner, BullPerks, NodeMarket, HyperCycle and Singularity DAO.
The company said that over the past two years it has built a platform that can be used to play any game on any device in the world, whether through a PC or console, and uses its proprietary ultra-low latency cloud technology to deliver high-performance games. The Game Company has piloted the system with several early adopters. In September 2024, TGC announced a strategic partnership with Aethir, a GPU-based decentralized computing infrastructure provider. It has since joined Google and Microsofts startup programs.
The company said it aims to deploy its native token and publicly launch the product later this year. The new funds will be used to enhance the platform and integrate the Web3 and Web2 ecosystems.
TGC raised $5 million in April 2023, with a post-money valuation of $40 million, and also raised $7.5 million through token sales.
Character Voice
Messari: Hyperliquid trading volume has increased more than 4 times since October last year
Messari reports that Hyperliquids monthly trading volume has increased more than 4 times since October 2024, showing the rapid rise of the platform in the decentralized trading market. Hyperliquid has cultivated a group of high-value, continuously active trading users, becoming the only Layer 1 alternative in the market with a clear core user base. Its growth drivers include the introduction of new assets such as BTC in the spot market, expanding the trading ecosystem and competing with CEX; HyperEVM supports more third-party DeFi applications and enhances the diversity of the on-chain ecosystem; at the same time, the Assistance Fund (AF) reinvests HYPE tokens through trading income to achieve structural value accumulation, which is a rare mechanism in most DeFi protocols. As the platform further optimizes the on-chain order book and attracts more users, its influence in the decentralized trading market is expected to continue to rise.
Tether CEO Paolo Ardoino posted on the X platform that when asked at the PlanB forum in El Salvador if he was worried about competing teammates, he said he was not worried. He emphasized that Tether has been building the worlds most extensive digital and physical distribution network in the past 10 years, covering hundreds of thousands of partners, payment terminals in developing countries, digital platforms for tens of millions of users, and a strong technical foundation. Compared with some competitors who rely on investment financing and increase market value by incentivizing banks to hold stablecoins, Tether focuses on on-the-ground layout to enable 400 million emerging market users to access the global financial system through USDT. He pointed out that there are still billions of people excluded from the traditional banking system, and Tethers mission is to help them access financial services. In addition, Ardoino emphasized that while Tether supports the global economy, it is also buying back tens of billions of U.S. Treasury bonds, further consolidating the dollars position as the worlds most important legal currency. He said it is this scale and strategy that has given USDT a leading position in the stablecoin market.
Central Bank of Brazil President: 90% of cryptocurrency usage in Brazil is linked to stablecoins
Gabriel Galipolo, president of the Central Bank of Brazil, said that stablecoins dominate cryptocurrency trading in Brazil. Galipolo said at a Bank for International Settlements event in Mexico City that the use of digital assets in Brazil has surged over the past three years. He said that 90% of the countrys cryptocurrency usage can be linked to stablecoins. Galipolo emphasized the regulatory and supervisory challenges brought about by the widespread use of stablecoins in the payment field, especially in terms of taxation and money laundering.
Coinbase CEO Brian Armstrong said in a post on X: “If you think of Coinbase as a bank, we now hold approximately $0.42 trillion in assets for our customers, which would make us the 21st largest bank in the United States by total assets, and still growing.
If you look at us as a brokerage firm, we would now be the eighth largest brokerage firm by AUM.
If you think of us as a payments company… I’m not sure where we’d rank on that list, to be honest. There are various ways to measure it, but stablecoin payments totaled about $30 trillion last year (not all of it in goods and services, though).
The point is, with crypto, the lines between these categories are blurring. There are many legacy reasons to keep them separate in the traditional financial system, and not all of them are good reasons. Why should the money you spend depreciate instead of appreciating as an investment? Why shouldn’t your checking account earn the same yield as a savings account (or, better yet, like a treasury bill)? Many people use Coinbase for investing, but also for spending, getting loans, and more.
In an updated financial system, you would have a single primary financial account that provided all of these functions. Over time, a larger percentage of global GDP would run on more efficient crypto rails. We would have sound money, lower transaction friction, and greater economic freedom.”
