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Note: The X account is not owned by the original Enron entity. Users should be aware of the risk.

3 days ago

On February 5th, X Account @Enron launched the Meme coin ENRON this morning. Since its issuance, the token has dropped by more than 75% from its peak. According to the account owner's claim, after spending $275 to acquire the Enron IP and domain name, they re-registered the Enron company. It should be noted that this Enron is not the original Enron Corporation. Therefore, users are advised to remain vigilant and be aware of the risks.
Relevant content

Federal Reserve Monetary Policy Report: Plan to Stop Balance Sheet Reduction at Appropriate Time

February 8th. The Federal Reserve issued its semiannual monetary policy report. It was mentioned in the report that the Fed is continuously and significantly reducing its holdings of U.S. Treasury securities and agency securities in a predictable manner. Since June 2024, the Fed has decreased its holdings of securities by $297 billion, and the total holdings of securities have declined by approximately $2 trillion since the start of the balance sheet reduction. The Federal Open Market Committee (FOMC) expressed its intention to maintain the level of securities holdings at a level that is consistent with the efficient implementation of monetary policy under the ample-reserve regime. In order to ensure a smooth transition, the FOMC slowed down the pace of securities holdings reduction in June 2024 and intends to stop reducing holdings when the reserve balance is slightly above the level that it deems to be consistent with ample reserves. Driven by a strong labor market and rising real w

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CFTC to Host Cryptocurrency CEO Forum to Discuss Digital Asset Market Pilot Program

On February 8th, as per Fox Business reporter Eleanor Terrett, it is reported that the U.S. Commodity Futures Trading Commission (CFTC) is planning to hold a Chief Executive Officer Forum. The purpose of this forum is to discuss the CFTC's digital asset market pilot program, with a focus on tokenized non-cash collateral like stablecoins. The participants comprise leaders from Circle, Coinbase, Crypto.com, and Ripple. The crypto pilot program and the concept of expanding non-cash collateral through Distributed Ledger Technology were proposed by the current CFTC Acting Chairman Caroline Pham.

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Federal Reserve's Harker: May Temporarily Hold Rates Steady

February 8th: On this day, the US January seasonally adjusted non-farm payrolls reached 143,000. This figure is significantly lower than the market's expected level of 170,000 and hits a new low since October of last year. Federal Reserve's Gullsby provided comments on the macro data, stating, "This is a rather robust non-farm payroll report. It appears that we are on the verge of achieving full employment. Based on recent observations, I am optimistic that tariffs will not ultimately pose a significant obstacle to trade. I am satisfied with the current economic development path. Tariffs may act as a 'wrench' in the supply chain. Wage growth is roughly in line with the 2% inflation level. Long-term market-oriented inflation expectations suggest that the market believes the Fed will be able to keep inflation under control at 2%." "Currently, the Federal Reserve is keeping interest rates unchanged. However, in the next 12 to 18 months, interest rates will be slightly lower than the curr

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Grayscale transferred 696.821 BTC to Coinbase Prime, worth $69.48 million

On February 7th, as per Arkham Monitoring, Grayscale transferred 696.821 BTC to Coinbase Prime, with a value of $69.48 million.

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Solana staking protocol Fragmetric completes $7 million seed round

On February 7th, the Solana re-staking protocol, Fragmetric, announced the completion of a $7 million seed round of financing. This round was led by Finality Capital Partners and Hashed. Institutions such as Hypersphere, Presto Labs, Bitscale Capital, Halo Capital, and Flowdesk participated. Additionally, it received support from several angel investors within the Solana and restaking ecosystems. Fragmetric intends to achieve precise distribution of NCN (Node Consensus Network) rewards in the Solana ecosystem. It aims to provide a more efficient capital utilization solution for Solana LST (Liquid Staking Token) while enhancing network security and decentralization.

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The current Bitcoin price relies on the HODLer support strategy, as large-scale venture capital funding has not entered the scene yet.

On February 7th, as per Blockworks, Jason Yanowitz, an analyst at Empire, pointed out that if we exclude the Bitcoin purchasing behavior of Strategy (formerly MicroStrategy), the current cycle might still be in its nascent stage. The present Bitcoin price is entirely reliant on the more than $20 billion injected by Strategy from the end of last year until now. The current market is still in the "Player versus Player" (PvP) stage, and venture capital funds have not yet entered on a large scale. Dan Matuszewski from CMS Holdings concurs with this view and notes that the impact of the 2022 bear market is still ongoing. The market liquidity is severely lacking and unable to drive substantial inflows of funds. Currently, except for a "few selected targets," there has not been a large-scale influx of funds. The debate regarding whether we have reached the peak will intensify. But regardless of the position in the cycle, we must recognize that the new regulatory regime is just beginning, and

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