<div id="readability-page-1" class="page"><div><div><h2>Headline</h2>▌Fidelity to Launch Stablecoin FIDD on EthereumAccording to market news: Fidelity will launch a stablecoin, FIDD, on Ethereum that conforms to the GENIUS standard.▌Federal Reserve Keeps Interest Rates UnchangedThe Federal Reserve announced that it will maintain the target range for the federal funds rate between 3.5% and 3.75%, in line with market expectations. Prior to this, the Federal Reserve had cut interest rates by 25 basis points in three consecutive meetings (last September, October, and December). As of press time, according to CoinGecko data: BTC price is $89,132.91, a 24-hour change of -0.2%; ETH price is $3,007.01, a 24-hour change of -0.5%; BNB price is $901.08, a 24-hour change of +0.3%. SOL price is $125.19, a 24-hour change of -1.6%; DOGE price is $0.125, a 24-hour change of -0.9%; XRP price is $1.91, a 24-hour change of -0.4%; TRX price is $0.2948, a 24-hour change of +0.2%. WLFI price is $0.1643, a 24-hour change of -0.2%; HYPE price is $33.78, a 24-hour change of +10.2%. Policy: The White House plans to convene a meeting next week, chaired by the White House Crypto Council, inviting senior executives from banks and the crypto industry to discuss stablecoin legislation. Friction between banks and crypto companies over the handling of stablecoin rewards has intensified in recent months. Banking groups oppose the open provisions on incentive mechanisms in the GENIUS bill, fearing it will divert deposits; crypto companies accuse banks of restricting competition. Summer Mersinger, CEO of the Blockchain Association, stated that Congress has an opportunity to enact bipartisan rules to protect consumers and promote innovation. The House of Representatives previously passed the Clarity Act, but the two Senate committees remain divided on revisions and voting, leading to multiple delays in hearings. The White House emphasizes that the crypto market structure bill must be passed as soon as possible. According to Crypto in America, the Senate Agriculture Committee will debate and vote on several amendments during its deliberations on Thursday, including a proposal by Senator Michael Bennet (Democrat-Colorado) that aims to establish ethical guidelines for government officials and their families holding or participating in cryptocurrency activities. Senator Amy Klobuchar (Democrat-Minnesota), senior member of the Agriculture Committee, also introduced an amendment that would delay the bill's implementation until the Commodity Futures Trading Commission (CFTC) has at least four confirmed commissioners, including two minority members who will be selected after consultation with the committee's senior minority members. Klobuchar's second amendment would narrow the definition of &#34;retail participant&#34; and clarify that the proposed Office of Digital Goods Retail Advocates is intended to protect retail customers, not to represent registered or regulated cryptocurrency companies. Other amendments include a ban on bailouts of cryptocurrency issuers, new anti-fraud provisions for cryptocurrency ATMs proposed by Senator Dick Durbin (Democrat-Illinois), and provisions restricting foreign adversaries' participation in the U.S. cryptocurrency market proposed by Senators Tommy Tuberville (Republican-Alabama) and Jerry Moran (Republican-Kansas). It is unclear how many amendments will be adopted, though some expect the deliberations to last approximately two hours. After voting on the amendments, committee members will vote on whether to send the bill to the full Senate for consideration. HSBC: Coinbase's Opposition Unlikely to Hinder US Crypto Market Structure Legislation HSBC stated that despite Coinbase's withdrawal of support for US crypto market structure legislation, the momentum for such legislation remains solid. HSBC believes the industry values ​​a long-term, clear regulatory framework more than uncertain &#34;enforcement-style regulation.&#34; The report points out that even though Coinbase CEO Brian Armstrong stated &#34;better no legislation than bad legislation,&#34; reasonable compromises are still likely to be accepted in reality. Fairshake, the crypto political action committee co-funded by Ripple and Coinbase, is investing heavily in pushing Congress to pass clear, written regulatory rules. HSBC also anticipates that a viable path is for the Senate Agriculture Committee's bill to pass first, granting the CFTC regulatory power over the spot commodity market even if SEC-related issues are not fully resolved, providing necessary legal certainty for institutional funds to enter the market. ▌South Korea's ruling party finalizes &#34;Digital Asset Basic Law,&#34; minimum capital requirement for stablecoin issuers approximately $3.5 millionAccording to South Korean media reports, South Korea's ruling Democratic Party has finalized the name of its bill aimed at regulating the virtual asset market as the &#34;Digital Asset Basic Law&#34; and plans to submit it before the New Year holiday. They have also agreed to set the minimum legal capital requirement for stablecoin issuers at 5 billion won (approximately $3.5 million). However, sensitive issues such as the scope of authority of the Bank of Korea and restrictions on major shareholder holdings will be finalized after further coordination with the policy committee.<hr/><h2>Blockchain Applications</h2>▌Coinbase Launches Prediction Market in All 50 US States via KalshiCoinbase announced that through a partnership with Kalshi, a prediction market platform regulated by the US Commodity Futures Trading Commission (CFTC), it has expanded its prediction market service to all 50 US states, completing a full launch after previous limited testing. This feature allows users to trade on the outcomes of real-world events such as politics, sports, entertainment, and economic indicators, with a minimum trade size of $1 (USD or USDC), and can be managed uniformly within the same interface as crypto assets, stocks, and cash accounts. This full rollout comes at a time of rapid growth in prediction market trading volume and revenue. Coinbase stated that the prediction market is an important part of its transformation into a &#34;full-service exchange.&#34; Last month, Coinbase also acquired The Clearing Company to accelerate related business expansion.▌CNBC: Nvidia and Amazon May Participate in OpenAI's Current Funding RoundAccording to CNBC reporter David Faber: Nvidia (NVDA.O) and Amazon (AMZN.O) may participate in OpenAI's current funding round.▌WisdomTree Expands its Tokenized Fund to the Solana BlockchainAccording to Coindesk, New York-based asset management firm WisdomTree has expanded its tokenized fund to the Solana blockchain, driving multi-chain development. Institutional and individual investors can issue, trade, and hold tokenized funds on Solana through WisdomTree Connect and WisdomTree Prime.▌Crypto PAC Fairshake's Cash Reserves Increase to $193 MillionFairshake, a major political action committee in the crypto industry, announced that Ripple and Andreessen Horowitz (a16z) have recently added a combined $49 million in donations, bringing its available funds for this year's US midterm congressional elections to $193 million, exceeding the size of the previous congressional election. This super PAC supported more than 50 pro-crypto candidates in the 2024 cycle and became one of the top-funded PACs in the US at the time. With the Senate about to consider the Crypto Market Structure Act, Washington has clearly felt the political influence of this cash reserve; Fairshake stated it will oppose anti-crypto stances and support pro-crypto lawmakers. ... Meanwhile, other PACs in the industry are also expanding their resources, coupled with prediction market assessments of congressional control, making the prospects for crypto legislation more speculative. According to Onchain Lens monitoring, BlackRock deposited 1,156.87 BTC (worth approximately $104 million) and 19,644 ETH (worth approximately $59.23 million) into Coinbase, and may deposit more. Strive: Holding 13,131.82 Bitcoins, Becoming the World's Tenth Largest Corporate Bitcoin Holder Strive, a US-listed Bitcoin treasury company, announced that it has completed the issuance and oversubscription of SATA shares, and simultaneously completed the Semler note exchange. To date, the company has purchased 333.89 Bitcoins at an average price of $89,851, and currently holds 13,131.82 Bitcoins, making Strive the world's tenth largest corporate Bitcoin holder. Liquid Capital founder Yi Lihua, in an article published on the X platform, stated that companies like Tether and Binance are like pumps and dumps in the industry, raking in billions of dollars in profits annually. They achieved rapid, unregulated growth in the early days of the cryptocurrency market without needing compliance. Tether, as a non-compliant stablecoin company, not only rakes in huge profits in the cryptocurrency market but also uses those profits to aggressively purchase gold. From an investment perspective, it's successful; from the perspective of industry building and respect, it's a failure. Conversely, compliant stablecoins like USD1, which use profits to subsidize users through WLFI while continuously buying up industry assets like ETH, are truly building the industry. I hope that if CZ truly believes in the supercycle and Yi Jie (a popular online figure) is optimistic about the arrival of the Bitcoin era, they should use some of the profits from Binance to buy BTC/ETH, etc. This would truly be consistent in word and deed, genuinely &#34;keeping building&#34; and earning them more respect. Of course, I also hope other platforms follow suit. Only an industry bull market can make everyone's lives better, while those big short sellers are the real cancer in the industry. ▌KBC Group, Belgium's second-largest bank, has increased its holdings in Strategy by 88,501 shares, bringing its total holdings to 311,624 shares (approximately US$50.44 million).According to market news: KBC Group, Belgium's second-largest bank, has increased its holdings in Bitcoin treasury company Strategy by 88,501 shares, bringing its total holdings to 311,624 shares (approximately US$50.44 million). Mirae Asset Global Investments Increases Stake in MSTR by 87,000 Shares Mirae Asset Global Investments, with $729 billion in assets under management, has increased its stake in Bitcoin treasury firm Strategy (MSTR) to 87,531 shares, worth $14.1 million. Coinbase Adds Hyperliquid (HYPE) to Listing Roadmap Coinbase has added Hyperliquid (HYPE) to its listing roadmap. Coinbase to Launch Moonbirds (BIRB) Spot Trading Coinbase will launch Moonbirds (BIRB) spot trading. The BIRB-USD trading pair will open later if liquidity conditions are met. <hr/><h2>Important Economic Developments</h2>▌Fed Holds Rates Steady, Milan and Waller Vote AgainstThe Federal Reserve decided to keep interest rates unchanged by a 10-2 vote. Federal Reserve Governors Milan and Waller dissented from the rate decision, supporting a 25 basis point cut.▌Fed Raises Assessment of U.S. Economic Activity, Says It's Expanding at a &#34;Solid&#34; PaceThe Federal Reserve raised its assessment of economic activity, saying it is expanding at a &#34;solid&#34; pace. The Fed stated that the unemployment rate showed some signs of stabilization, but job growth remained subdued. The Fed stated that inflation remained slightly high. The Fed also removed the statement about increased downside risks to employment that appeared in the previous three statements. The Federal Reserve reiterated its statement on its long-term goals and monetary policy strategy. ▌Powell: Most of the higher-than-expected inflation is from tariffs, not demandFederal Reserve Chairman Jerome Powell stated that a significant portion of the impact of tariffs has already been transmitted through the U.S. economy. Tariffs may cause a one-off price increase. Most of the higher-than-expected inflation is from tariffs, not demand. Core PCE, excluding the impact of tariffs on goods, is slightly above 2%. The impact of tariffs on goods is expected to peak this year and then decline. If this happens, it will indicate that the Fed can ease policy. Downside risks to the labor market must also be monitored.▌Betsent: Trump's Fed Chair nominee may be announced in about a weekU.S. Treasury Secretary Besent stated that Trump's Fed Chair nominee may be announced in about a week.▌The probability of the Fed keeping interest rates unchanged in March is 86.5%According to CME's &#34;FedWatch&#34;: the probability of the Fed cutting interest rates by 25 basis points by March is 13.5%, and the probability of keeping interest rates unchanged is 86.5%. The probability of the Fed cumulatively cutting interest rates by 25 basis points by April is 24.1%, the probability of keeping interest rates unchanged is 74%, and the probability of cumulatively cutting interest rates by 50 basis points is 2.0%.▌The S&amp;P 500 index breaks through the 7,000-point mark for the first timeThe S&amp;P 500 index touched 7,000 points for the first time, marking a breakthrough of an important psychological level for the index.<hr/><h2>Golden Encyclopedia</h2>▌How AI in Cryptocurrency Trading Reshapes and Disrupts the Role of HumansArtificial intelligence (AI) is gradually integrating into cryptocurrency trading, accelerating the analysis, execution, and optimization processes previously performed by humans. Investors and trading firms are facing the challenge of automating decision-making without diminishing control, accountability, or human judgment. While some projects are striving to build more autonomous trading systems, most AI tools in the cryptocurrency space remain subject to numerous limitations. Humans are still responsible for strategy development, setting risk limits, and bearing responsibility for outcomes, while machines handle most of the bandwidth used for data-intensive tasks such as research and monitoring. In the cryptocurrency market, the balance between automation and regulation is quietly reshaping trading workflows and beginning to redefine which human roles remain important.AI hasn't eliminated humans from the cryptocurrency space, but it is reshaping the way labor is distributed across the entire industry.AI hasn't removed humans from the cryptocurrency space, but it is reshaping how labor is distributed across the entire industry.This shift has largely occurred quietly, manifesting at the task level, particularly in research roles that previously relied on teams of junior analysts and interns. As trade execution becomes increasingly automated, traders can focus their energy on strategy and risk control rather than manual operations.</div></div></div>

Fidelity is set to launch a stablecoin, FIDD, on Ethereum, adhering to the GENIUS standard. Meanwhile, the Federal Reserve has decided to keep interest rates unchanged between 3.5% and 3.75%. The White House plans a meeting to discuss stablecoin legislation amid rising tensions between banks and crypto firms. South Korea's ruling party has finalized the "Digital Asset Basic Law," establishing a minimum capital requirement of approximately $3.5 million for stablecoin issuers. HSBC believes that despite Coinbase's opposition, momentum for US crypto market structure legislation remains strong.

- Fidelity plans to launch its stablecoin, FIDD, on Ethereum, adhering to the GENIUS standard.  
- The Federal Reserve maintained interest rates between 3.5% and 3.75%, reflecting solid U.S. economic activity despite inflation concerns.  
- South Korea's ruling party finalized the "Digital Asset Basic Law," setting a minimum capital requirement of approximately $3.5 million for stablecoin issuers.

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Fidelity to launch stablecoin FIDD; Federal Reserve keeps interest rates unchanged.