AICoin Focus: Daily Hot Picks (January 9)

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1. The transition team of elected President Trump is looking for candidates friendly to cryptocurrency to serve as the next CFTC chairman. Several crypto-friendly individuals, including executives from Kraken and a16z, are competing for this position.

2. The Federal Reserve may not place too much emphasis on inflation caused by Trump's tariff policies, as Wells Fargo economists believe the Fed will be more patient in responding to tariff-induced inflation, expecting three more rate cuts this year, each by 25 basis points.

Trump's aggressive tariff policies may lead to further inflation, but economic models show this will be a one-time increase in price levels rather than a long-term inflation spiral. Wells Fargo economist Jay Bryson said this could persuade the Fed to be more patient in addressing tariff-induced inflation, especially as the labor market continues to slow. His view supports Wells Fargo's baseline expectation that the Fed will cut rates three more times this year, each by 25 basis points. However, Bryson warned that if the trade war becomes more protracted, such as through a series of retaliatory international actions, the Fed may have to take the inflation consequences more seriously. -Original

3. CFTC Chairman Rostin Behnam called for investor protection before leaving office, suggesting that cryptocurrency may play a more significant role in regulation in the future.

Although CFTC Chairman Rostin Behnam never succeeded in achieving this goal, the derivatives regulatory agency is likely to play a more significant role in regulating cryptocurrency trading in the future, and he will "continue to advocate" for this after his departure. Behnam will step down on January 20, making way for the future appointee of President Donald Trump. He stated that cryptocurrency "has dominated every quarter of my tenure," which was part of his final public speech as chairman at the Brookings Institution on Wednesday. "Concerns about customer protection, fraud, and market abuse are increasing in the absence of federal legislation, as well as broader market resilience and even financial stability," Behnam said. "We have seen this historically, where we left large parts of the financial sector unregulated and unaccountable, and time and again, we saw the outcomes were disastrous." He addressed "innovators" directly, urging the protection of those "eager to incorporate digital asset products into their portfolios." "Market regulators play a crucial role in ensuring that financial innovation is integrated into a culture of regulation and compliance, protecting consumers and providing legal certainty," he said, arguing that he has never favored an enforcement-driven approach. In contrast, the industry has long criticized Behnam's counterpart in securities, SEC Chairman Gary Gensler, for his enforcement-focused regulation. On Wednesday, in an interview with Bloomberg TV, Gensler—who will also step down on January 20—reiterated his view that enforcement is a good way to handle crypto businesses, following in the footsteps of former Republican Chairman Jay Clayton. "This is a field built around non-compliance, and I am proud of everything we have done; we are building on the foundation laid before Chairman Clayton and others," Gensler said. "I think there is still a lot of work to do." Behnam has long disagreed with Gensler on cryptocurrency issues, including the belief that current laws are sufficient to regulate the industry. Trump has already selected Gensler's successor at the SEC, nominating former SEC Commissioner Paul Atkins. While the CFTC may become an agency with greater authority over cryptocurrency trading than the SEC in the future, the new president has yet to appoint Behnam's successor. -Original

4. Billionaire Mark Cuban stated that he would prefer to hold Bitcoin rather than gold if the economy faces problems, believing Bitcoin is more valuable.

5. Fidelity, a $5.4 trillion asset management company, stated that nation-states and governments will become significant investors that "may" add Bitcoin to their portfolios.

6. Vitalik Buterin stated that Ethereum should prioritize scaling, supporting an increase in blob target values and EVM improvements.

Vitalik stated, "We really need to better prioritize reasons in Ethereum core development. Like, if I had to choose between (i) increasing the blob target from 3 to 6 and (ii) everything else in Pectra, I would choose (i). What is the equivalent of Fusaka and G*? (Clearly, a large part of the answer is: blobs and blobs, although I think L1 EVM improvements are also important; my favorite is EOF -> full AA with 7701 and SIMD+EVMMAX plus moderate gas limit increase.) We are doing peerdas. Maybe exploring a more ambitious version of peerdas." -Original

7. The Salvadoran government address received 11 BTC, worth approximately $1.0472 million.

AICoin monitors that the Salvadoran government address received a total of 11 BTC two minutes ago, worth approximately $1.0472 million. Data is for reference only. -Original

8. MicroStrategy announced a partnership with STACKIT to launch MicroStrategy Sovereign European Cloud, providing AI-driven business intelligence solutions for highly regulated industries in Europe.

MicroStrategy announced a partnership with STACKIT, a cloud service provider under the Schwarz Group, to launch MicroStrategy Sovereign European Cloud. This platform provides AI-driven business intelligence (BI) solutions that comply with GDPR and local data sovereignty requirements, helping businesses achieve data-driven decision-making. -Original

9. Kraken's Chief Legal Officer Marco Santori and current CFTC Commissioner Summer Mersinger are considered top candidates for the CFTC chairman position.

10. Movement Labs is nearing completion of a $100 million Series B funding round, co-led by CoinFund and Nova Fund.

According to Fortune magazine, citing informed sources, Movement Labs is nearing completion of a $100 million Series B funding round. This round is reportedly co-led by CoinFund and Nova Fund (part of Brevan Howard's digital asset division). -Original

11. HyperLiquid responded to criticism of insufficient decentralization, stating there will be a "foundation delegation program" to support high-performance validators and enhance decentralization.

HyperLiquid, known for its derivatives exchange, responded to external criticism regarding its apparent lack of decentralization and validator issues. These concerns were initially raised by Kam Benbrik, an employee of ChorusOne, which operates multiple nodes across different blockchains. Many issues stem from HyperLiquid's use of "closed-source code," which Benbrik claimed "imprisons" node operators. HyperLiquid also controls 81% of staked HYPE, and this level of control could lead to a series of negative outcomes. "If one entity controls 1/3 of the stake, they can stop the chain. If they control 2/3 of the stake, they have complete control over the network," Benbrik wrote. HyperLiquid responded on X, addressing concerns about decentralization, stating there will be a "foundation delegation program" to support high-performance validators, thereby enhancing decentralization. Regarding the closed-source code issue, HyperLiquid added, "Node code is currently closed source. Open source is important. Once development is stable, the project will be open-sourced. Hyperliquid's delivery speed is several orders of magnitude faster than most projects. The scope is also several orders of magnitude larger than most projects. When the code is secure, it will be open-sourced." The discussion led to HyperLiquid experiencing its first negative sentiment, contrasting sharply with the weeks following the launch of its native token HYPE. Driven by a surge in trading volume, HYPE's price rose from $3.57 to $33.5. According to data, HYPE has since fallen to $21.49, dropping 15.37% in just the past 24 hours. -Original

12. U.S. employment data exceeded expectations, Bitcoin retraced to the $95,000 support level, and QCP Capital believes Trump's inauguration will boost optimism, suggesting the current retracement may be a buildup for a bullish rebound.

QCP Capital's latest analysis indicates that Bitcoin has retraced to the $95,000 support level due to better-than-expected U.S. employment data. JOLTS job openings surged to 8.1 million, exceeding the expected 7.74 million. The unexpectedly strong job market has triggered risk-averse sentiment, leading to a sell-off in risk assets as long-term bond yields rise. Bitcoin ETF inflows plummeted from $987 million to $52.9 million, a decline of 94%. Among them, BlackRock's IBIT recorded a significant inflow of $596 million, while ARK and 21Shares' ARKB saw an outflow of $213 million. QCP Capital believes that this week's FOMC meeting and non-farm payroll data will further influence Bitcoin's trend. The market expects Trump's inauguration to boost optimism, and the current retracement may be a buildup for a bullish rebound. -Original

13. Canadian listed company Sol Strategies acquires on-chain validator service provider Orangefin Ventures, increasing the number of staked SOL tokens to 1,505,145.

According to official news, Canadian-listed Sol Strategies, a blockchain and ecosystem infrastructure company for Solana, announced the acquisition of on-chain validator service provider Orangefin Ventures, with the specific acquisition amount not disclosed. Max Kaplan, the founder of Orangefin Ventures, will join the company as the head of staking operations. According to disclosed data, after the completion of this acquisition, the number of SOL tokens staked by Sol Strategies in its validator business has increased to 1,505,145, valued at over 400 million Canadian dollars. -Original

14. Bitfinex Derivatives has moved its business from Seychelles to El Salvador, having obtained a DASP license in El Salvador in 2023.

Bitfinex Derivatives has relocated its business from Seychelles to El Salvador. Previously, the company obtained a Digital Asset Service Provider (DASP) license in El Salvador in 2023. -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AICoin (aicoin.com).

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