Wu said daily selected encryption news + macro indicators this week

Changes in the composition of the Federal Reserve's voting committee in 2025 may lead to policy inclinations.

In 2025, the Federal Reserve welcomed two 'hawkish' voters, one 'dovish' voter, and one neutral voter. Changes in the composition of the Fed's voters may lead to policy inclinations. Bloomberg believes that the diversification of voters' positions may lead to more disagreements; Barron's believes that the rotation of voters may tilt the Fed towards hawkishness in its 2025 decisions; Reuters believes that increased disagreements among voters may exacerbate policy-making risks. In addition, the Federal Reserve will hold 8 meetings in 2025, respectively in January, March, May, June, July, September, October, and December.

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2. Large amount of unlocked tokens this week

In the next 7 days, single large unlocks (unlock value greater than 5 million US dollars) include APT MOVE ZKJ NEON ENA CXT IO BANANA WMTX OP AXS EIGEN, and linear large unlocks (daily unlock value greater than 1 million US dollars) include SOL WLD TIA TAO AVAX DOGE SEI NEAR DOT SUI FIL ENS JTO MOCA, etc. The total unlock value exceeds 7.59 billion US dollars.

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3. Vitalik publishes a long article "d/acc: one year later", discussing AI security and cryptocurrency applications

Three key issues were discussed: AI security regulation, the role of cryptocurrencies in d/acc, and public product financing. AI security and regulation: Firstly, establish a liability system and set reasonable legal responsibilities for AI users, deployers, and developers. Secondly, set up a global 'soft pause' mechanism at the industrial-grade hardware level, which can reduce global computing power by 90-99% when necessary. Vitalik mentioned the connection between d/acc and cryptocurrencies, including extension of values, early adopter communities, technological applications, and technological complementarity. Many cryptographic technologies can be applied in the d/acc field, such as zero-knowledge proofs for privacy protection. Public product financing: Support the sustainable development of important open-source projects and social public technologies through innovative mechanisms such as secondary financing, retrospective funding, and deep funding.

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4. MicroStrategy acquires 1,070 BTC for 101 million dollars

MicroStrategy has acquired 1,070 BTC for approximately 101 million USD, at an average price of 94,004 USD, achieving a 48.0% BTC return rate in the fourth quarter of 2024 and a 74.3% BTC return rate in the 2024 fiscal year. As of January 5, 2025, MicroStrategy holds 447,470 BTC with an average cost of 62,503 USD, totaling approximately 27.97 billion USD.

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5. Dutch regulatory authorities issue EU MiCA licenses to 4 companies.

MoonPay, BitStaete, FinTech ZBD, and HiddenRoad have obtained the Market in Crypto-Assets (MiCA) license issued by the Netherlands, allowing them to operate in all 27 EU countries. MiCA is a customized set of rules for cryptocurrency companies, requiring them to obtain a Crypto-Asset Service Provider (CASP) license from one member state before operating in the entire EU. The EU has set a deadline of December 30th for its member states to implement MiCA, but not all countries have been successful in doing so.

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6. Solana AI Hackathon has been accused of becoming a speculative market for AI tokens, with a total market value of over 500 million dollars.

use Solana AI Hackathon/SendAI as a credit endorsement

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7. Jeju Island, South Korea, announced that it will launch a tourism card project based on NFT technology in 2025

Jeju Island, South Korea, announced that it will launch a tourism card project based on NFT technology in 2025. The project will be integrated with the local blockchain stablecoin Tamna Jeon to provide tourists with multiple benefits such as travel subsidies, membership rights, and discounts on attractions. Oh Young-hoon, the governor of Jeju Province, stated that the region is gradually promoting digital transformation and plans to apply Web3 technologies such as NFT to various areas of government services. The NFT tourism card project will first be piloted for domestic tourists in the second half of 2025.

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8. Wu said this week's macro indicators and analysis: US non-farm, Fed meeting minutes

Summary

This week, we will focus on the US non-farm payrolls and the minutes of the Federal Reserve meeting to further understand officials' attitude towards a 25 basis point rate cut. Currently, market analysts believe that even if the non-farm payrolls continue to slow down, it may not change the attitude of Federal Reserve officials, who previously hinted at a slower pace of rate cuts.

Last week review

China's official manufacturing PMI for December was 50.1%, a decrease of 0.2 percentage points from the previous month, indicating that the manufacturing sector continues to expand.

China's Caixin Manufacturing PMI for December was 50.5, which has been above the threshold for three consecutive months.

In the week ending December 28, the initial claims for unemployment benefits in the United States were 211,000, expected 222,000, and the previous value was revised from 219,000 to 220,000.

The US December ISM Manufacturing PMI was 49.3, expected 48.2, and the previous value was 48.4.

Key Events & Indicators of the Week

01 Jan 06

China's Caixin Services PMI for December (09:45)

The US Congress certifies that Trump won the 2024 election.

January 08

US ADP Employment Change (thousand) in December (21:15)

January 9

The Federal Reserve released the minutes of the December monetary policy meeting (03:00)

China's December CPI YoY (09:30)

Initial jobless claims in the United States for the week ending January 4th (in 10,000s) (21:30)

01/10

US December seasonally adjusted non-farm employment (10000 people) (21:30)

US unemployment rate in December (21:30)