Headlines
▌DeepSeek app tops global downloads, led by India
DeepSeek tops the mobile app download charts in 140 markets, with India accounting for the largest share of new users. Data shows that India has accounted for 15.6% of all platform downloads since the platform launched.
▌Bitcoin memory pool empties, transaction count hits 11-month low
Bitcoin memory pool empties, transaction count hits 11-month low. In January, the Bitcoin network's transaction volume fell to its lowest level in 11 months, with monthly transaction volume down more than 43% from the network's all-time monthly transaction volume in October 2024.
With the decline in transaction activity, Bitcoin has almost cleared its backlog of unprocessed transactions, which numbered about 250,000 as of late December 2024, according to Johoe's Bitcoin memory pool statistics. On Saturday, multiple Bitcoin blocks sat unfilled as the mempool emptied and transaction fees near all-time lows.
The reduction in mining activity could make it more difficult to mine profitably, especially after last year’s halving event. Several large Bitcoin mining companies are exploring diversification into providing computing power for artificial intelligence and high-performance computing workloads.
Market
As of press time, according to Coingecko data:
BTC's latest transaction price is $101,175, with a daily increase or decrease of -1.2%;
ETH's latest transaction price is $3,314.31, with a daily increase or decrease of +1.4%;
BNB's latest transaction price is $659.17, with a daily increase or decrease of -3.0%;
SOL's latest transaction price is 216.70 US dollars, and its intraday change is -6.6%;
DOGE's latest transaction price is 0.3122 US dollars, and its intraday change is -5.1%;
XPR's latest transaction price is 2.93 US dollars, and its intraday change is -3.1%.
Policy
▌Trump: Tariffs will be imposed on chips, oil, gas, steel and other goods
According to foreign media reports, US President Trump said on Friday that the United States will impose tariffs on imported goods such as computer chips, medicines, steel, aluminum, copper, oil and gas as early as mid-February. Trump added that he also wants to impose tariffs on the European Union, but did not specify the time and rate of the tariffs. The tariffs announced on these industries and the European Union appear to be separate from the 25% tariffs imposed on Canada and Mexico. The tariffs proposed by Trump will be imposed on top of the existing tariffs on these products. White House Press Secretary Levitt previously confirmed at a press conference that the Trump administration will impose a 25% tariff on Mexican and Canadian goods starting February 1.
▌The United States imposes a 25% tariff on imports from Canada and Mexico
US President Trump signed a tariff order on the same day, imposing an additional 25% tariff on imports from Canada and Mexico and a 10% tariff on energy resources from Canada. The tariff is tentatively scheduled to take effect on the 4th. The White House said that if the US tariffs are retaliated, the US may increase the tariffs.
Blockchain Application
▌Silicon Mobile and Huawei Cloud launched DeepSeek R1&V3 reasoning service based on Huawei Cloud Ascend Cloud Service
According to Huawei Cloud's official WeChat account, DeepSeek-R1 has attracted the attention of global users and developers after it was open sourced. After days of hard work by Silicon Mobile and Huawei Cloud teams, the two parties have now jointly launched and launched DeepSeekR1/V3 reasoning service based on Huawei Cloud Ascend Cloud Service.
Cryptocurrency
▌Analyst: Bitcoin is expected to hit a new high at the end of this quarter
On February 1, Swyftx chief analyst Pav Hundal said that the current short-selling atmosphere has become very tense, and the macro environment favorable to cryptocurrencies indicates that Bitcoin is expected to hit a new high at the end of this quarter.
BitMEX co-founder Arthur Hayes previously predicted that Bitcoin may fall back to the $70,000 to $75,000 range, which may trigger a "small financial crisis" if it really happens. However, Dr. Sean Dawson, head of research at Derive, recently said that the probability of Bitcoin falling to the $75,000 level in the first quarter is less than 10%.
▌Bitcoin network transaction fees high priority dropped to 1Sat/byte
According to mempool.space data, Bitcoin network transaction fees high priority is now reported at 1Sat/byte.
▌Severe cold weather in the United States caused the difficulty of Bitcoin mining to drop for the first time in four months
Affected by the cold wave in the United States, rising electricity prices caused the difficulty of Bitcoin mining to drop for the first time since the end of September 2024. According to statistics from Luxor, a Bitcoin mining company, the United States accounts for 36% of the global Bitcoin computing power, of which Texas contributes nearly half. The polar cold wave in January increased the cost of electricity in the United States, and the profitability of mining companies was frustrated. On January 27, the mining difficulty was lowered. In the previous six months, the difficulty of mining had only dropped twice. Luxor expects that as the temperature warms up, the computing power will gradually return to stability. In addition, some US mining companies, such as Riot Platforms, are planning to shift part of their computing power to AI and high-performance computing businesses to reduce the risk of market volatility.
Important Economic Dynamics
▌Today's Fear and Greed Index fell to 60, still in a greedy state
According to Alternative.me data, today's cryptocurrency Fear and Greed Index fell to 60 (the index was 68 yesterday), and the market is still in a greedy state.
▌CME Fed Watch: The probability of the Fed cutting interest rates by 25 basis points in March is 17%
According to CME Fed Watch data, the probability of the Fed cutting interest rates by 25 basis points in March is 17%, and the probability of maintaining unchanged is 83%.
Golden Encyclopedia
▌What is chain abstraction?
Chain abstraction in blockchain works by providing a single interface that enables users and developers to interact with multiple blockchains without having to manage the complexity of each individual chain. Chain abstraction solutions are still under development, and many companies are working on solving the problem. At present, how this all works is not an exact science, but multi-chain solutions may allow users to seamlessly use Web3 from a single account.
Disclaimer: As a blockchain information platform, the content of the articles published by Jinse Finance is for information reference only and is not intended as actual investment advice. Please establish the correct investment concept and be sure to enhance risk awareness.