Musk may find Treasury violations Trump imposes heavy taxes on imported steel and aluminum

Reprinted from jinse

02/10/2025·14D

Headlines

▌Trump hints Musk found “violations” in U.S. Treasury Department data

Trump hinted that Musk's government efficiency team discovered violations while examining U.S. Treasury Department data, and suggested that this could lead to the United States not having to pay some of the money. "There may be a problem, we've been studying this, about U.S. Treasury bonds," Trump said on Sunday while on the Air Force One trip to the Super Bowl. “It could be an interesting question because a lot of things may not count,” he said. “That way, we may have less debt than we thought.”

Trump : Monday will announce a 25% tariff on all imported steel and aluminum

U.S. President Trump said he will announce a 25% tariff on all imported steel and aluminum on Monday. The tariffs will apply to metals imported from all countries. But Trump did not say when the tariffs will take effect.

In addition, he said he would announce reciprocal tariffs on countries that impose taxes on U.S. imports later this week. Trump said the tariffs will not take effect the same day as the announcement, and may be Tuesday or Wednesday, but will take effect soon.

Quotes

As of press time, according to Coingecko data:

BTC's recent transaction price is US$96,854.30, up and down +0.5% intraday;

ETH's latest transaction price is US$2,647.11, with an intraday increase and decrease of +0.5% ;

BNB's recent transaction price is US$619.81, with an intraday increase of +1.1% ;

SOL's latest transaction price is US$202.92, with an intraday increase of +1.6% ;

DOGE's recent transaction price is US$0.2512, with an intraday increase and decrease of -0.7% ;

XPR's recent transaction price is US$2.42, with an intraday increase and decrease of -0.1 % .

policy

▌Trump signed an executive order of 2 and a half weeks after taking office has exceeded the record of the former president within 100 days of taking office

According to ABC News, Trump signed 54 executive orders in two and a half weeks of taking office, more than any president has signed in the first 100 days since President Truman, such as the former U.S. president Biden signed 42 orders in his first 100 days as president. ABC also said that Trump set another record, with the largest number of cancellations of executive orders from the previous administration since President Roosevelt. As of press time, Trump has canceled 91 executive orders from the previous President Biden.

Blockchain application

▌Privacy Project DarkFi launches alpha version of its app

DarkFi, a privacy-focused crypto project initiated by early Bitcoin developer Amir Taaki, released an alpha version of its app. This marks the latest version of this community of coders, artists and technologists who have been quietly patching in the dark for years. Last fall, Taaki released a pre- developed app, which is basically a completely anonymous IRC (Internet Relay Chat) app. However, Taaki plans to develop it into a useful product garden.

"It will be very fast to start expanding and adding because we already have a lot of features, such as anonymous DAO, wallet, blockchain," Taki said in an interview with Block magazine. “All of this is already running, just not appearing in the product. The platform’s message transport component can run on Tor and is completely peer-to-peer.

▌ Avail Lianchuang: Currently, most chain abstract technologies will make the cryptocurrency ecosystem more decentralized

Anurag Arjun, co-founder of Avail, a unified chain abstraction solution and Polygon layer-2 extension solution, said that most chain abstraction technologies currently cause the cryptocurrency ecosystem to be more fragmented. The technology founder said that each different blockchain foundation layer has its own set of security assumptions, which puts interoperability between chains at a challenge. Arjun explained:

"They have their own validators and crypto-economic security. So you have to create infrastructure called light clients, such as two-way light clients. This is the main bottleneck in general. Avail co-founder adds Chain vs. Chain vs. Chain The bridging between the two is usually a multi-step communication process between blockchain networks, which is costly and has high security risks, and will isolate users and capital into scattered pools.

Cryptocurrency

▌ pump.fun Lianchuang: Most technical altcoins have the same value proposition as Meme coins

Alon Cohen, co-founder of pump.fun, said that most technology altcoins have the same value proposition as Meme coins, but they are usually low in circulation, have a high overall dilution valuation (FDV) and involve venture capital (VC) institutions, and these institutions often use retail investors as exit liquidity.

Cohen This is responding to a tweet that implies that the release of Meme coins on the pump.fun platform disrupted the price cycle of the altcoin market. Cohen retorted that pump.fun existed long before the altcoin market fell in April 2024. He further explained the reasons for the collapse of the altcoin market in April 2024: "In the last cycle, retail investors lost too much, and they will not easily come back to invest in the so-called "future of finance."

"Most people with jobs don't care about technology, they care more about personal satisfaction," Cohen believes. They want to make some money in the transaction while enjoying it. This social media discussion highlights the growing contradiction between altcoin investors focusing on technical practicality and traders who simply speculate and ignore practical application scenarios.

▌Salvador Bitcoin holdings reached 6,072.18, up 17 in the past 7 days

According to Cointelegraph, El Salvador's current Bitcoin holdings are 6,072.18 coins, worth approximately US$583 million. In the past 7 days, it increased its holdings by 17 Bitcoins, worth about US$1.633 million; in the past 30 days, it increased its holdings by 49 Bitcoins, worth about US$4.707 million.

▌View : Dogecoin is no longer a "tricking currency"

According to the Global Network, the Indian Express published an article titled "Dogcoin is no longer a "tricking currency", which pointed out that two software engineers launched a cryptocurrency, "Dogcoin" (with dogs) in 2013. The virtual currency of emoticons), its appearance means the fusion of memes (emoticons) and Bitcoin, and also marks the birth of memes. What the engineer did not expect was that while joking, "Dogcoin" later became a commonly used online trading coin for people. American billionaire Elon Musk expressed his support for it in 2023, and then the valuation of "Dogcoin" soared. As of January 2025, its market value had been several tens of billions of dollars.

Under the influence of celebrity effect and other factors, various meme coins (emoji coins) have flourished. US President Trump launched his own meme coin, which has his photos and slogans "Fight, Fight, Fight" printed on it, attracting public attention, and its market value soared to billions of dollars. As a public figure, Trump has been criticized by many for being reckless for this - the meme currency market is volatile, and in the absence of effective supervision, the market does not have a complete protection mechanism, and investors are at risk of huge property losses.

With such high volatility and high risk, why are there so many people rushing to meme coins and investing wildly? Research by JPMorgan Chase Group shows that in the past decade, people under the age of 40 have more than tripled their monthly investments. However, the financial system has certain thresholds, with many industry concepts and terms, which are not very friendly to investors with less experience, and cryptocurrencies do not have this problem. At the same time, its rapid return feature has further attracted people to the end. invest. Although the meme coins market is hot, it remains to be seen how far it can go in the future. Relevant regulatory agencies should introduce corresponding policies to regulate various cryptocurrencies. At the same time, investors should further learn, understand financial tools, and avoid investment risks.

▌Data : Tokens such as CHEEL, CONX, SAND will be unlocked in large amounts next week, of which CHEEL unlocking is worth approximately US$169 million.

According to the news on February 10, Token Unlocks data shows that tokens such as CHEEL, CONX, SAND will be unlocked in large amounts next week, including:

Cheelee (CHEEL) will unlock approximately 20.8 million tokens at 8 a.m. Beijing time on February 13, worth approximately US$169 million;

Connex (CONX) will unlock about 4.33 million tokens at 8 a.m. Beijing time on February 15, with a ratio of 376.3% to the current circulation, worth about 87.8 million US dollars;

The Sandbox (SAND) will unlock approximately 205.59 million tokens at 8 a.m. Beijing time on February 14, with a ratio of 8.41% to the current circulation, and a value of approximately US$80.2 million;

Berachain (BERA) will unlock approximately 12.98 million tokens at 9 pm on February 10, Beijing time, with a ratio of 12.08% to the current circulation, worth approximately US$75.9 million;

Aptos (APT) will unlock approximately 11.31 million tokens at 8 pm on February 10, Beijing time, with a ratio of 1.97% to the current circulation, worth approximately US$66.7 million;

Avalanche (AVAX) will unlock about 1.67 million tokens at 8 a.m. Beijing time on February 16, with a ratio of 0.40% to the current circulation and a value of about 41.7 million US dollars;

Polyhedra Network (ZKJ) will unlock approximately 17.22 million tokens at 8 a.m. Beijing time on February 12, with a ratio of 28.52% to the current circulation, worth about US$35.1 million;

Aethir (ATH) will unlock approximately 630 million tokens at 6 pm Beijing time on February 12, with a ratio of 10.21% to the current circulation, worth approximately US$24.5 million;

Starknet (STRK) will unlock approximately 64 million tokens at 8 a.m. Beijing time on February 15, with a ratio of 2.48% to the current circulation and a value of approximately US$15.7 million.

Sei (SEI) will unlock approximately 55.56 million tokens at 8 pm on February 15, Beijing time, with a ratio of 1.25% to the current circulation and a value of approximately US$12.7 million.

Important economic trends

Sam Altman : The cost of using a specific level of AI drops approximately 10 times every 12 months

February 10th news, at 5 a.m. today, OpenAI CEO Sam Altman published an in- depth article "Three Observations" on his personal blog. The AI world is mainly made three observations. The intelligence level of an AI model is roughly equal to the logarithm of the resources used to train and run it; the cost of using a specific level of AI drops by about 10 times every 12 months, while the lower price will Bring more use; the socio-economic value created by linear growth is super exponential growth. The article also specifically emphasized that OpenAI is fully committed to laying out AI Agents, and these thousands of agents will eventually be widely used and become virtual colleagues in various business scenarios. Primary Agents may perform a little worse, but they will still penetrate into various fields to reshape the world economy. (AIGC Open Community)

▌Barclays : US inflation will increase by 0.2 percentage points in the next year

Michael Pound, head of global inflation-related research at Barclays, said the price of inflation-indexed bonds reflects that the U.S. inflation rate will increase by 0.2 percentage points in the next year, with about a quarter of which is caused by gasoline.

Golden Encyclopedia

▌What is DeFAI?

DeFAI combines DeFi's decentralized financial ecosystem with artificial intelligence-driven analysis and automation. By the end of 2025, the market size of these solutions will soar from about $1 billion to $10 billion. DeFAI is still in its early stages, focusing mainly on momentum trading similar to memecoins, so there is still a lot of room for rapid development. DeFAI represents a turning point in the Crypto asset industry, combining the decentralized spirit of DeFi with the computing intelligence of artificial intelligence.

Disclaimer: As a blockchain information platform, the content of the articles published by Golden Finance is for information reference only and is not used as actual investment advice. Please establish the correct investment philosophy and be sure to improve your risk awareness.