Headlines
▌Nexo Lianchuang: The price drop of Bitcoin in January is a typical example of "selling news" in the trading market Phenomenon
Nexo co-founder Antoni Trenchev said that the decline in Bitcoin prices in January was a typical phenomenon of "buy rumors, sell news" in the trading market. This phenomenon describes the behavior of market participants who purchase an asset just before an important news announcement and then quickly sell it for a profit after the news is announced. In the Bitcoin market, this phenomenon was reflected in the price decline in January.
▌Opinion: February could be a strong month for Bitcoin
Bitcoin may not have reached the market’s peak in January expected, but market analysts believe February will be more promising for the top cryptocurrency. Analyst Jelle wrote that Bitcoin appears to be continuing a pattern it has been following since last September, with 4 months in the green and 1 in the red. If history continues to repeat itself, February should be strong.
Quotes
As of press time, according to coinmarketcap data:
The recent transaction price of BTC was US$42,015.9, and the intraday increase or decrease-0.55% ;
ETH’s recent transaction price was US$2256.84, with an intraday increase or decrease of -0.57% ;
BNB’s recent transaction price was US$304.9, with an intraday increase or decrease of -0.07 %;
The recent transaction price of ;">-1.02%;
DOGE’s recent transaction price was US$0.0787, with intraday gains and losses-1.06%;
ADA’s recent transaction price was US$0.4897, rising or falling during the day Frame-0.33%;
SOL Recent The transaction price was US$95.97, and the intraday increase or decrease-1.14%.
Policy
▌CFTC Chairman: Regulators need to supervise the cryptocurrency industry because This does not mean that the industry is regulated
According to a post on social media by Bitcoin News, CFTC Chairman Rostin Behnam said that after approving a spot BTC ETF, regulators need to regulate cryptocurrencies. The industry is regulated because this does not mean that the industry is regulated.
▌CFTC urges investors to be wary of AI-created crypto asset arbitrage algorithms
U.S. Commodity Futures Trading Commission (CFTC) warning Investors are wary of AI-created software or algorithms that "generate a 100% 'win' rate." The CFTC has identified crypto-asset trading schemes, trading signal strategies, or automated trading algorithms as some of the artificial intelligence-created software used by scammers to target investors. In a statement released through the CFTC’s Office of Customer Education (OCEO), the Commission also expressed concern about the growing number of cases of criminals using AI hype to steal from users. Scammers are further exacerbating the problem by spreading false information through social media platforms and so-called influencers, the statement said. Unlike traditional media or advertising agencies, influencers and social media platforms are not bound by regular marketing or advertising rules. Nonetheless, the statement sets out some steps that investors should always take before committing their money.
Blockchain application
▌Polygon joint creation: seamless user experience and cross-chain Compatibility will be resolved in the future
Polygon co-founder Sandeep Nailwal said on social media that seamless user experience and cross-chain compatibility will be resolved in the future. Ethereum + Rollups/Validium design is the only way to scale web3 to internet scale. If we really want to see web3 reach the scale of the Internet, it needs:
1. Almost infinite scalability, that is, no matter how high TPS is, it is not enough;
< p>2. Free to choose different virtual machines, privacy profiles, and decentralized profiles, but with seamless interoperability. Basically heterogeneous freedom, but with composability and homogeneous safety guarantees. This is capitalism.
At Polygon, we are only interested in the end state of building a "planetary scale blockchain network". We are trying to create this future by building a converged blockchain network: infinite scalability Polygon CDK unified, seamless composability.
▌Study finds music artists have mixed views on blockchain use
Researchers from Korea University in Seoul, South Korea, interviewed 16 Korean music artists to understand their views on blockchain use cases in the music industry. The study, published in an affiliate of the journal Nature, reported mixed results: Artists see blockchain as a possible new way to generate income but are skeptical that blockchain-powered applications will become a reality. Respondents believe blockchain applications in the music industry could improve their financial prospects and help protect copyrights. Skepticism stems from a common belief that blockchain music startups lack the power to replace current music industry giants.
Cryptocurrency
▌A whale address transferred all 14,768 ETH to Coinbase< /strong>
According to the monitoring of on-chain data analyst @ai_9684xtpa, the whale/institution address that previously accumulated 14,768 ETH at an average price of US$2,202 between January 23 and 24 moved forward 5 minutes ago Coinbase transferred all tokens worth $32.53 million. If all were sold, the profit would be US$1.004 million.
▌BTC breaks through $42,000
The market situation shows that BTC exceeded US$42,000 and is now trading at US$42,004.4, with an intraday drop of 0.2%. The market fluctuates greatly, so please control risks.
▌Analyst: Expect ETH to pull back sharply below $1,000
Cryptocurrency analyst Benjamin Cowen said he expects Ethereum (ETH) to pull back sharply below $1,000.
Important Economic Updates
▌Nick Timiraos: The Fed is worried that real interest rates are too high and will abandon tightening this week Tendency
"Fed Speaker" Nick Timiraos wrote that the Federal Reserve will not cut interest rates at this week's meeting because the economy has been growing steadily. While monthly inflation, excluding food and energy, has been at or below 2% in six of the past seven months, the Fed wants to ensure that continues before cutting rates. Fed officials may take a major symbolic step this week by no longer saying in policy statements that interest rates are more likely to rise than to fall. Typically, the Fed cuts interest rates in response to a sharp slowdown in economic activity, but until late last year, economic growth remained surprisingly strong. Instead, they are considering whether softening inflation means real interest rates could be too restrictive on economic activity if no action is taken.
Golden Encyclopedia
▌What is offline staking?
Offline staking or cold staking is a process of participating in a Proof of Stake (PoS) blockchain network without exposing the private keys of the staked tokens to the online network. Technology. With offline staking, users can assign their staking tasks to third-party validators, also known as staking pools, while keeping their funds securely in cold storage. This key distinction improves the security of offline staking as it minimizes the amount of funds exposed to any internet threat.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.
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