The U.S. Senate Banking Committee Advances the "Financial Transparency and Regulatory Compliance Act"

As of February 5, CME’s FedWatch Tool indicates the following rate policy odds **ahead of tonight’s U.S. Initial Jobless Claims release (21:30 UTC+8)**: - 12% chance of a 25-basis-point Fed rate cut at the March meeting; 88% odds rates remain unchanged. - For policy through April: 75.2% odds of no rate adjustments; 23% odds of a cumulative 25-basis-point cut; 1.7% odds of a cumulative 50-basis-point cut. The Federal Open Market Committee (FOMC) has its next two meetings scheduled for March 18 and April 29. ### Notes on U.S. style adaptation: 1. Used **"odds"** (common in market data/quick takes) instead of repeated "probability"; 2. Tightened phrasing for brevity (e.g., "ahead of" instead of "before the release of"; "remain unchanged" for flow); 3. Added **parenthetical FOMC full name** (standard for first reference in U.S. business/finance content); 4. Structured with bullet points (standard for clear, scannable market briefs); 5. Kept time zone notation concise (ma

February 5th — U.S. Commodity Futures Trading Commission (CFTC) Chairman Mike Selig, newly appointed, expressed support for legitimate prediction market innovation, noting it is time to set clear rules. Earlier reports confirm the CFTC has formally withdrawn a Biden-era proposal to ban political event prediction contracts.

Feb 5th: Bitcoin was hovering above $70k, while its average production cost sits around $87k—creating a ~20% gap, a classic bear market sign. In the 2019 and 2022 bear markets, BTC prices fell below production costs but eventually rebounded. Bitcoin’s total network hash rate peaked at ~1,100 EH/s in October, then dropped ~20%. It’s now rebounded to 913 EH/s and starting to stabilize. At current prices, many miners are still unprofitable. With revenue lagging operating costs, miners must keep selling BTC to cover daily operations, energy bills, and debt repayments. But long-term, this situation won’t last much longer.

On February 5, the U.S. Commodity Futures Trading Commission (CFTC) announced a significant policy shift: it formally withdrew a Biden administration-era proposal to ban political event prediction markets and signaled it intends to craft new regulations. The agency is realigning its position amid ongoing power dynamics and seeking to expand its regulatory authority.

On February 5th, Multicoin Capital co-founder Kyle Samani announced he’s stepping down from the firm, while continuing to serve as Chairman of Forward Industries — the largest SOL treasury company. Crypto industry practitioners and key opinion leaders (KOLs) quickly weighed in on the news. Prominent Solana supporter and crypto KOL @SweeperSolana noted: “Kyle’s long been SOL’s biggest advocate. His departure caught many off guard, and it’s sparked curiosity about whether this signals a new wave of talent movement in the space.” Other community voices added: “Multicoin’s investment focus on the Solana ecosystem won’t shift with one person’s exit — Kyle himself still holds an ultra-bullish view on Solana.” Crypto KOL @sjdedic commented: “Kyle Samani is one of the smartest — and possibly most accomplished — investors in crypto. His departure, driven by lost confidence in the industry, underscores how draining and fragmented this field has been for so long. Now’s the moment to truly t