Point of View: The Federal Reserve Has Over-Eased, with a 65% Chance of Stagflation in the United States

January 22nd — Per the Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN), the "BTC OG Insider Whale" (0xb31) saw its unrealized loss on long positions narrow slightly to $31 million, with $95 million in weekly fund withdrawals. Its latest funding rate settlement resulted in an $8.18 million loss, primarily from ETH long positions. The whale’s total position size now stands at approximately $830 million, making it the largest on-chain long position holder for both ETH and SOL. Its major long positions are as follows: - 5x ETH Long: Position size = $673 million; Average entry price = $3,161; Unrealized loss = $3 million (-20%); Liquidation price = $2,252 - 5x BTC Long: Position size = $89.8 million; Average entry price = $91,500; Unrealized loss = $1.47 million (-8.1%) - 10x SOL Long: Position size = $66.5 million; Average entry price = $130; Unrealized gain = $30,000 (0.6%) Previously, from the night of December 7th to the morning of December 8th, the whale tra

On January 22, AllScale— a self-custodial stablecoin digital bank— rolled out its "LATAM Wave" incentive program for Latin American creators. The initiative aims to attract builders, creators, and influencers to join the ecosystem. To participate, creators can share videos, designs, articles, or other works on X, YouTube, or LinkedIn, tag @allscaleio along with the relevant regional hashtag, and submit their content via AllScale’s event submission form. The event runs from January 20 to February 19, with a prize pool totaling over 2,500 USDT and 105,000 AS points. This program is part of AllScale’s Global Creator Program, which launched in November last year under the theme "Learn·Create·Earn." Targeting Web3 creators, students, freelancers, KOLs, and other groups across 8 key global regions, the Global Creator Program offers a reward pool worth $120,000 (30,000 USDT plus $90,000 in ASP).

January 22 — Platform X has just rolled out a meme section on its “Global Trends” page. Global users can now share all kinds of fun internet memes, funny videos, and other lighthearted content there. The page also lets users stay up to date on the latest mainstream meme trends.

January 22nd — According to GMGN Monitoring (link: https://gmgn.ai/sol/token/i_m4TE56o8_CxWPdDBqxVo3fnTMRTvNuSrd4gkp78udSrFvkVDBAGS), RALPH, a popular meme token in the BAGS ecosystem, has been climbing since 6 PM ET yesterday. Its market cap rose steadily from roughly $9 million to an all-time high of $59 million this morning, before pulling back to around $41 million. Currently, the token trades at ~$0.041 with a market cap of ~$41 million. It’s up 140% over the past 24 hours and has jumped roughly 350% from yesterday’s lows. BlockBeats reminds users: Meme coin trading is extremely volatile, often driven by market sentiment and hype rather than actual value or utility. Investors should be mindful of the risks involved.

On January 22, at the World Economic Forum in Davos, Switzerland, Coinbase CEO Brian Armstrong and Bank of France Governor Fran?ois Villeroy de Galhau engaged in a heated debate over two key topics: whether stablecoins should pay interest to holders, and the monetary properties of Bitcoin. Armstrong argued that allowing stablecoins to offer yield to users would boost consumer returns and enhance international competitiveness. He noted that if regulated U.S. stablecoins are barred from paying interest, it could ultimately benefit offshore crypto products. Regarding U.S. legislation, Armstrong stressed the CLARITY Act is not stalled but currently in negotiation. He explained Coinbase recently withdrew support to push back against the banking industry’s lobbying efforts that seek to restrict competition in the crypto sector. On Bitcoin, Armstrong put forward the “Bitcoin Standard” concept, asserting it could serve as a long-term hedge against fiat currency devaluation. He counter

January 22 Former President Trump said Tuesday he hopes the Federal Reserve chair nominee will be similar to Alan Greenspan, who led the Fed for a lengthy stretch in the 1990s. Trump doesn’t think strong economic growth will automatically trigger inflation or require interest rate hikes, and he argues the market’s reaction has been overblown. During Greenspan’s tenure, he initially cut interest rates, later raised them, and let high-risk assets climb. His policies fueled the tech stock bubble’s expansion—driving economic prosperity but also setting the stage for the 2000 dot-com bubble collapse. The subsequent low-interest-rate environment indirectly contributed to the 2008 housing crisis.