Indonesia has permitted the resumption of Grok, an AI tool developed by Elon Musk's social media platform X, following assurances regarding the generation of inappropriate content. According to Jin10, the Indonesian Ministry of Communication and Digital Affairs announced on Sunday that X had addressed the misuse issues of Grok in a letter to the minister. The ministry emphasized that it will continue to monitor the tool for any further violations, including the dissemination of illegal content and breaches of child protection principles.

Key takeaways BitMine is facing an estimated $6 billion unrealized loss on Ethereum ETH is trading near $2,300, far below […] The post Tom Lee’s Ethereum Bet Faces $6 Billion Unrealized Loss appeared first on Coindoo. source: https://coindoo.com/tom-lees-ethereum-bet-faces-6-billion-unrealized-loss/

On February 1, India's Finance Minister Nirmala Sitharaman outlined the priorities for the country's new fiscal year, emphasizing a renewed focus on manufacturing to sustain robust economic growth amid global uncertainties. According to Jin10, the budget will concentrate on structural reforms, particularly in the manufacturing sector, and aim to build a strong financial industry while increasing investments in cutting-edge technologies, including artificial intelligence. Sitharaman highlighted that the budget will prioritize expanding the manufacturing scale in seven key industries: pharmaceuticals, semiconductors, rare earth magnets, chemicals, capital goods, textiles, and sporting goods. Additionally, the Indian government plans to revitalize 200 traditional industry clusters. To maintain the momentum of economic growth, the new fiscal year will see an investment of 12.2 trillion Indian rupees (approximately $133.08 billion) in infrastructure development, surpassing the previous year's allocation of 11.2 trillion rupees.

According to Whale Alert, 250 million DOGE (worth $26,292,693) were transferred from an unknown wallet to Binance.

Macro pressure mounts: Can XRP defy Bitcoin’s moves? source: https://ambcrypto.com/xrp-hits-9-month-low-why-ripple-is-struggling-despite-strong-fundamentals/

Bitcoin’s ongoing selloff has now pushed price decisively below the critical $80,000 threshold, placing the market into a more advanced phase of stress. With Bitcoin currently trading near $78,800, the drawdown has moved price beneath several structurally important reference points, including spot ETF realized levels and the widely watched $80K psychological zone. source: https://www.ethnews.com/bitcoin-breaks-below-80k-as-strategys-cost-basis-comes-into-focus/

India's latest budget proposal outlines a plan to rejuvenate 200 traditional industrial clusters, focusing on supporting the growth of small and medium-sized enterprises (SMEs). According to Jin10, the government intends to implement a three-pronged approach to aid these businesses. The proposal includes allocating 100 billion rupees to the SME fund and an additional 20 billion rupees to the Self-Reliant India (SRI) fund.

India's NIFTY Pharma Index experienced a 0.9% increase after the announcement of the country's budget plan. According to Jin10, the budget outlines a significant allocation of 100 billion rupees to the biopharmaceutical sector over the next five years. This move is expected to bolster the industry, providing a substantial boost to pharmaceutical companies and encouraging growth and innovation within the sector.

1. US President Trump: Hopes Warsh will lower interest rates; 2. Michael Saylor: Has raised the February STRC dividend yield by 25 basis points; 3. UAE royal family member secretly acquires 49% stake in Trump's World Liberty Financial for $500 million; 4. 7 Siblings spends $31 million to buy 12,771 ETH; 5. DCG founder: The process of large-scale capital inflow into cryptocurrencies is about to begin; 6. Equation Group founder: Buys $2 million worth of ETH, with another $20 million in reserve for bottom fishing; 7. Whale "pension-usdt.eth" opens another long position on Ethereum, with a liquidation price of $1261; 8. Bitcoin is overtaken by Tesla, and its global asset market capitalization ranking drops to 14th.

Delphi Digital reports that only 6% of altcoins tracked have shown gains over the last year. According to NS3.AI, the average decline among these altcoins was around 70%, underscoring a difficult year for the altcoin market.

Gold, silver, investment, metals market crash: Is the supercycle logic still strong? Jinse Finance: The precious metals market sees another week of gains, but this may well be far from over.

This week, 17 blockchain startups completed funding rounds, raising a total of $285.4 million. Mesh (formerly Front Finance) raised $75 million in its Series C funding round, the largest single funding round this week.

In two days, 30,000 AI agents registered accounts on the same website, Moltbook. These weren't registered by humans; they were registered by the AI ​​itself.

On January 30, Kevin Warsh was nominated as the next chairman of the Federal Reserve.

US President Trump's nomination of Kevin Warsh as Federal Reserve Chairman triggered the worst sell-off in precious metals in decades.

Several portfolio managers contacted on Friday said they believed Warsh was unlikely to cater to Trump's whims or significantly alter the Fed's stance.

"If your startup isn't a YC-backed B2B SaaS + GPT shell company, and you haven't hired ABG as your chief marketing officer, then you're basically doomed."

Vitalik is one of the guardians of TheDAO Security Fund.

The question for the next decade is simple: will the crypto world learn to build tollbooths, or will traditional finance learn to exploit the crypto world's path? We bet on both.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance, covering key news, market and contract data, mining information, project updates, technological advancements, and other industry dynamics.