Odaily News Coinbase Markets announced on platform X that the conversion from Maker (MKR) to Sky (SKY) has been completed. The sending and receiving functions for Maker (MKR) have been re-enabled.
Odaily News The Zcash Foundation announced that the U.S. Securities and Exchange Commission (SEC) has formally concluded its multi-year investigation into the foundation and explicitly stated that it will not recommend any enforcement action. The foundation stated that it received a subpoena in August 2023 related to "certain crypto asset offerings" and has now received a case closure notice from the regulator.
An SEC spokesperson responded, stating that the agency "does not comment on the existence or nonexistence of a possible investigation." This case closure occurs against the backdrop of a shift in the SEC's enforcement approach towards the crypto industry. Over the past year, the SEC has dropped or terminated multiple cases, including one against Coinbase, and investigations into some DeFi projects, which is seen as a contrast to its previously more aggressive regulatory stance.
Odaily News As the Senate Banking Committee hearing approaches, U.S. crypto legislation has entered a "sprint phase." The bill currently has over 70 amendments, with disagreements over stablecoin yields and DeFi regulation rapidly intensifying. The crypto industry, banking lobby groups, and consumer protection organizations are all fully engaged.
The Senate will amend and vote on the bill on Thursday. The bill aims to clarify the regulatory boundaries between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), define the nature of digital assets, and introduce new disclosure requirements.
Committee Chairman Tim Scott released the 278-page bill text on Monday, followed by a large number of amendments submitted by lawmakers from both parties. Some proposals involve granting the Treasury Department the power to impose sanctions on the "distributed application layer," while other amendments focus on the issue of stablecoin yields, which has become the biggest point of contention.
Coinbase CEO Brian Armstrong stated that the Stand With Crypto initiative he launched will score Thursday's amendment vote, saying it will test whether senators "side with bank profits or consumer rewards." Industry insiders point out that while the bill still has momentum, its final direction remains highly uncertain.
Odaily News Coinbase has stated it will not support the current version of the Senate cryptocurrency bill. The company's CEO, Brian Armstrong, posted on social platform X, saying the bill is "worse than the status quo in its current text" and that he would rather have "no bill than a bad bill."
The Senate plans to hold amendments and a vote on the bill on Thursday morning. The core content of the bill includes: clarifying the regulatory boundaries between the CFTC and the SEC, defining when digital assets are securities or commodities, and introducing new disclosure requirements.
Armstrong pointed out that the bill has major issues regarding DeFi and stablecoin yields, warning that some provisions could grant the government "unfettered access to personal financial records," harm user privacy, and potentially "kill stablecoin rewards." Informed sources stated that Coinbase's public opposition is "significant" and could influence the final fate of the bill.
Odaily News JPMorgan's latest report indicates that after reaching a record high of approximately $130 billion in 2025, inflows into the crypto market are projected to grow further in 2026, with a year-on-year increase of about one-third. The analysis suggests that the new capital will increasingly be led by institutional investors.
JPMorgan stated that clearer crypto regulatory legislation, such as the U.S. Clarity Act, is expected to drive institutional adoption of digital assets and stimulate VC investments, M&A, and IPO activities in areas like stablecoin issuers, payment companies, exchanges, wallets, blockchain infrastructure, and custody. The institution's calculations integrate multiple metrics, including ETF fund flows, implied fund flows from CME futures, crypto VC fundraising, and Digital Asset Treasury (DAT) purchases.
Odaily News: Federal Reserve's Kashkari: The next Federal Reserve Chair must present their strongest arguments and only has one vote.
Odaily According to foreign media reports, U.S. President Trump stated that he has received assurances that Iran will stop "killing" protesters, a remark suggesting he may defer military response to the protest incidents in Iran. Affected by this, international oil prices experienced a short-term drop of up to 4%. Trump told reporters in the Oval Office on Wednesday: "We have been told that Iran's 'killing' is stopping—it has stopped. And there are no plans for executions, nor are executions being carried out." He said he would be "very disappointed" if this information proves untrue. Prior to these remarks, Trump had called on the Iranian people to continue opposing the Khamenei government and stated he would "act accordingly" after learning the death toll of protesters.
Odaily According to informed sources, officials in the Trump administration are considering appointing Federal Trade Commission (FTC) Chairman Andrew Ferguson to lead a newly established department within the Justice Department responsible for combating nationwide fraud. Ferguson would continue to serve as FTC Chairman. Vice President Vance stated last week that the department would be overseen by the White House and "would have nationwide jurisdiction over fraud issues." Vance also indicated that the Justice Department would create a new Assistant Attorney General position to lead related fraud investigations. This structure would blur the traditional lines between the President and the Justice Department, which currently houses several units specifically dedicated to criminal and civil fraud investigations. The law also explicitly prohibits commissioners from "engaging in any other business, profession, or employment." It is currently unclear whether this provision would affect Ferguson holding the new position concurrently.
Odaily News The White House: Trump may soon impose broader tariffs on imports of semiconductors and their derivative products.
Odaily News According to CME's "FedWatch Tool": The probability of the Fed cutting interest rates by 25 basis points in January is 5%, while the probability of keeping rates unchanged is 95%. By March, the cumulative probability of a 25 basis point rate cut is 26%, the probability of keeping rates unchanged is 72.8%, and the cumulative probability of a 50 basis point rate cut is 1.2%.
Odaily News According to the Jerusalem Post, Iran issued a NOTAM late Wednesday local time, announcing that all flights are prohibited from entering its airspace unless authorized. Flight tracking websites showed that airspace over Iran and Iraq was rapidly cleared of flights before the NOTAM was issued. A Western military official said on Wednesday: "All signals indicate that the U.S. is about to launch an attack, but this is also the consistent way of doing things for this administration, keeping everyone on high alert. Uncertainty itself is part of the strategy."
Odaily News According to the U.S. media NewsNation: Amid escalating tensions with Iran, U.S. military equipment is being deployed to the Middle East. An informed source revealed that the United States is moving an aircraft carrier strike group to the area of responsibility of the U.S. Central Command (which covers the Middle East, North Africa, and Central Asia). Completing this deployment will take approximately one week.
Odaily News Previously, Solana posted on X platform, stating that Starknet had only 8 daily active users and 10 daily transactions, yet still maintained a $1 billion market cap and a $15 billion FDV. In response, Starknet replied, "Who told Solana this little bro about these numbers?"
StarkWare CEO Eli Ben-Sasson also responded, saying: "Solana has 8 marketing interns (all bald), posting 10 tweets every day." Solana co-founder Toly then responded, stating, "This is an unnecessary violent conflict between bald CEOs."
Odaily News MetaMask posted a video on its official X platform with the caption "Coming Soon," hinting at an upcoming new event. It is currently unclear whether the red diamond in the video represents new event points or another form of reward.
Odaily News Federal Reserve Governor Milan reiterated the need for a 150 basis point rate cut this year. (Jin10)
