OpenAI Free Open ChatGPT Search Solayer Announces LAYER Economics

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance, covering weekly key news, mining information, project trends, technological progress and other industry trends. This article is one of the news weekly news magazines, which will take you to take a look at the major events in the blockchain industry this week.

Headlines

▌ OpenAI free ChatGPT search, no registration required

At 3 a.m. on February 6, OpenAI announced that it would open ChatGPT search function to all users without registration. Compared with Google's traditional inclusion mode search engine, ChatGPT search can capture network information faster and achieve minute-level analysis. This requires industry help to quickly obtain news content for stocks, sports, finance, etc. Very big. At the same time, with the help of the ability of big models, users' search ideas can be better interpreted and the source address of the search results can be provided.

▌Trump IEEPA tariff order may drive Bitcoin growth

U.S. President Trump recently invoked the International Emergency Economic Powers Act (IEEPA) to impose comprehensive tariffs on Mexico, Canada and China, raising concerns about the dominance of the US dollar. The move not only affects the global trade landscape, but may also prompt more investors to turn to Bitcoin as a hedge tool. James Butterfill, head of research at CoinShares, pointed out that the unconventional use of IEEPA may accelerate global de-dollarization and drive capital to flow to decentralized assets such as Bitcoin to hedge economic instability. Crypto derivatives trader Gordon Grant also believes that frequent use of IEEPA may weaken US dollar credit and make digital assets such as Bitcoin more attractive.

▌Trump ' s cryptocurrency project appears to increase its holdings of tens of millions of dollars after price plunges

World Liberty Financial, a decentralized financial project linked to the Trump family, appears to have increased its holdings worth thousands after U.S. President Donald Trump announced tariffs on Mexico and Canada, causing cryptocurrency markets to plummet during the weekend. Ethereum of $10,000. Trump's third child, Eric Trump, posted on social media platform X on Monday, saying "In my opinion, now is a good time to increase his holdings in Ethereum. You can thank me later." He later Edited the post and deleted the second sentence.

▌ NYSE has submitted a 19b-4 document application for Grayscale LTC ETF

Litecoin official tweeted that NYSE has now submitted a 19b-4 filing application for Grayscale's Litecoin ETF to the US SEC in order to convert its Litecoin (LTC) trust into spot ETF.

▌Ethereum ' s Pectra upgrade will begin testing in February, and the upgrade is expected to be launched on the Ethereum main network in April

Ethereum’s “Pectra” upgrade will be available on Holesky and Sepolia testnets in February and March. Pectra will include a range of improvements with a special focus on wallets and validators. If these tests are successful, developers will meet again on March 6 to determine when the upgrade will be officially launched.

Some developers now say it may land on the mainnet in early April. Pectra is a mixed word that represents two separate upgrades, namely Prague and Electra, which contains eight major improvements to the second largest blockchain. The most anticipated of these is EIP-7702, which is designed to improve the user experience of crypto wallets. Another major feature of Pectra, EIP-7251, will allow validators to increase their stakes – from 32 ETH to 2,048 ETH.

▌ Solayer announces LAYER token economics: the maximum supply of 1 billion coins, 51.23% is allocated to communities and ecology

Solana re-staking platform Solayer announced the token economics of its governance token LAYER. The maximum supply of LAYER tokens is 1 billion and the initial circulation is 220 million. The allocation accounts for the following: ①51.23% are allocated to communities and ecosystems: of which 34.23% are used for continuous R&D, developer programs, ecosystem development and other user activities; 14% are used for community activities/incentives (12% are reserved for Genesis Drop, which includes rewarding early adopters and other initial application activities); 3% is allocated through Emerald Card Community Sales. ②17.11% are allocated to core contributors. ③16.66% have been sold to investors. ④15% is allocated to the Solayer Foundation to support product expansion and network development.

Regarding LAYER Genesis Airdrop, the second LAYER allocation is aimed at existing community members who have supported Solayer since they went online in 2024. Solayer reserves 12% of the total supply to Solayer community members, integration partners and liquidity providers, and users who meet the following qualifications: Solayer sSOL and sUSD holders, users who delegate sSOL to AVS partners, in partnership Users who deposit sSOL or sUSD in the DeFi protocol, users who deposit whitelist LST (liquidable staked tokens) on Solayer, users who deposit Solayer through partners and wallet activities, LRT protocol, and other claim plans.

▌Trump : Musk has been instructed to review US Department of Defense spending

U.S. President Trump said he has directed the Efficiency Team of the Administration led by Elon Musk to review the spending of the U.S. Department of Defense. On January 20, local time, US President Donald Trump signed an executive order on the day of his oath of office to form an advisory committee called the "Division of Government Efficiency (DOGE)" in order to launch major reforms to the federal government.

▌US SEC postpones BlackRock Ethereum ETF option trading resolution to April 9

The U.S. Securities and Exchange Commission (SEC) posted a resolution on BlackRock Ethereum ETF options trading on Friday.

The Securities and Exchange Commission said in its filing that it would postpone its decision to approve or not approve until April 9, 2025. The agency said: "The Commission believes it is necessary to designate a longer time to issue approvals

policy

▌Reuters: Republican-led US SEC strengthens supervision of investigations

On February 4, according to Reuters, lawyers from the U.S. Securities and Exchange Commission (SEC) were told that leadership approval must be obtained before formally launching the investigation. This procedure change may slow down the investigation process. This change has not been reported before. The adjustment is allegedly under Trump's new leadership team after he took office. People familiar with the matter said they requested anonymity because the change has not been made public. Typically, the SEC is managed by five committee members, including the chair, which is an independent body. Currently, the committee consists of three members, including two Republicans and one Democrat. The SEC is appointed by the President of the United States. Recently, some law enforcement officers have been told that all formal investigative orders—which are necessary for issuing testimony or document subpoena—are required to obtain the approval of the committee. The person familiar with the matter said that the authority had been delegated to lower- level staff and the committee could exercise its veto, but it was not always exercised.

▌The U.S. Department of Justice accused Canadian hackers of two attacks totaling $65 million

U.S. attorneys accused 22-year-old Andean Medjedovic on Monday of alleged two hacking attacks totaling $65 million. Medjedovic previously admitted to profiting about $16 million from the DeFi protocol Indexed Finance in October 2021, court documents show. He is also considered behind the November 2023 attack on KyberSwap, which caused the protocol and its users to lose about $48 million in cryptocurrency. The hacker later sent about $2 million in cryptocurrency to a digital wallet believed to be controlled by Medjedovic. Majordovic faces five charges, including fraud, money laundering and extortion. He did not respond to multiple requests for comment Monday.

▌New York Times: US SEC takes steps to reduce its enforcement efforts in cryptocurrency

According to the New York Times, the US Securities and Exchange Commission (SEC) has taken measures to reduce its enforcement efforts in the cryptocurrency sector.

▌U.S. Acting Chairman of the SEC Appoints Former Coin Center Director to Join the Cryptocurrency Working Group

Landon Zinda has resigned from his position as director of policy at the cryptocurrency advocacy group Coin Center to join the Securities and Exchange Commission’s (SEC) cryptocurrency task force.

In a notice on February 4, Acting SEC Chairman Mark Uyeda said that Zinda has joined the committee as his legal counsel and senior adviser to the cryptocurrency working group. Former Coin Center Director will join the task force led by Commissioner Hester Peirce, along with Chief Staff Richard Gabbert and Chief Policy Adviser Taylor Asher Work.

▌Crypto Tsar David Sacks: Looking at the feasibility of Bitcoin reserves

Crypto Tsar David Sacks said the feasibility of Bitcoin reserves is being studied.

▌Campus Chairman of the U.S. House of Representatives Financial Services Committee: Both Houses of Congress will establish a cryptocurrency working group

French Hill, chairman of the U.S. House of Representatives Financial Services Committee, said that both houses of Congress will form a cryptocurrency task force.

▌U.S . New Mexico Senator submits Bitcoin Strategic Reserves Act, proposing to allocate 5% of public funds

U.S. Senator Ant Thornton submitted a Strategic Bitcoin Reserve Act to the New Mexico Senate, proposing to invest 5% of public funds in Bitcoin, aiming to establish an alternative treasury for the state. The proposed 5% allocation will diversify the state’s funds and benefit from the long-term appreciation of Bitcoin’s price.

The bill also proposes that state investment officers manage the Bitcoin reserve and operate under the supervision of the state investment committee. The bill also articulates the need for cold storage as a viable means of protecting Bitcoin in the state.

▌U.S . CFTC acting chairman criticizes forecasting market resistance under previous leadership

Caroline Pham, acting chairman of the Commodity Futures Trading Commission (CFTC), said the committee went too far in its fight against the forecast market and it would take a lot of effort to overturn its rules, orders and court arguments.

Pam, appointed by President Donald Trump to run the Commodity Futures Trading Commission (CFTC), has been acting quickly to overturn the policy stance of the former Democratic leadership of derivatives regulators.

The CFTC will soon schedule an expert roundtable to kick off work to restart the agency’s work on predicting market positions.

▌Musk supports incorporating US Treasury transactions into blockchain

According to Watcher.Guru on the X platform, Musk supports putting U.S. Treasury transactions on the blockchain for complete transparency.

▌U.S . FDIC is reevaluating regulation of cryptocurrency activities, and the original regulatory warning has been deleted

According to crypto KOL MartyParty, the U.S. Federal Deposit Insurance Corporation (FDIC) announced today that it is actively reevaluating its regulatory approach to cryptocurrency-related activities. This includes replacing the Financial Institutions Letter (FIL) 16-2022 and providing an organization with a path to participate in cryptocurrency and blockchain- related activities while adhering to the principles of security and soundness.

This information was highlighted in a statement by Acting Chairman Travis Hill, indicating that the FDIC has changed in regulating banks involving cryptocurrency activity. This means: The bank can custody the client's cryptocurrency and will be insured by the FDIC. The Biden administration’s Choke Point FIL 16-2022 letter has been withdrawn and replaced.

MartyParty comments state: The original FIL-16-2022 letter link has been deleted and a 404 error is displayed. The FDIC is deleting all evidence related to its political motives against cryptocurrencies.

Blockchain application

▌Tether CEO: It is expected that the AI ​​model training platform Tether Data will be launched soon

Tether CEO Paolo Ardoino posted a preview of the AI ​​model training platform Tether Data on the X platform. He said that any company interested in (pre-)training its own model can use the PaaS product. In addition, the core of this platform utilizes Holepunch The technology to process all data structures to make training and models highly resilient and unstoppable, and the platform is expected to be launched soon through the Northern Data Group, featuring a 24k+H100 GPU.

▌SSEThailand plans to launch a tokenized securities trading system

According to the Bangkok Post on February 3, Thailand's Deputy Secretary- General Jomkwan Kongsakul said token investment is increasingly valued, and regulators will allow securities companies to trade digital tokens to leverage their huge investor base . “The SEC is leveraging technology to improve the efficiency of the capital market by promoting the e-security ecosystem,” said Jomkwan Kongsakul, adding that “new regulations will be introduced to promote the issuance of e-securities and the purchase of bonds online,” i.e., Big Companies Medium- and long-term debt instruments used to borrow money.

▌ Berachain releases a white paper, which will replace the incentive mechanism with the PoL mechanism and adopt the dual token model

The Berachain Foundation released a white paper to launch the new EVM- compatible Layer 1 public chain. The white paper details its innovative Proof of Liquidity (PoL) mechanism, which directly links validator rewards to network application needs. The economic model adopts a dual token design: BERA is used for staking and trading, and BGT is a non-transferable governance token. The BGT Foundation will adopt a three-stage governance program, gradually transitioning from the initial BeraSwap reward pool to fully decentralized governance.

▌ Mempool Research: Bitcoin block size may increase to 4 MB

Mempool Research said that since the Bitcoin Taproot upgrade, block size has grown steadily, but there is still more room for growth.

The widespread adoption of inscriptions could bring the average block size of the Bitcoin network to 4 megabytes (MB) per block, much higher than the current average, according to a report released by Mempool Research on February 4. . The average block size of Bitcoin (the amount of data contained in each block published to the public ledger of the network) is currently slightly higher than 1.5 MB, the report said.

Mempool Research says that if inscriptions are adopted more widely, a way to effectively encode arbitrary data within a block, the block size of Bitcoin could increase significantly.

▌ CryptoQuant CEO: PoliFi may become a killer application in the crypto industry

CryptoQuant CEO Ki Young Ju posted on X platform, saying, "PoliFi may become a killer application in the crypto industry. A powerful crypto asset can attract capital and talent through fascinating narratives, forming a self-constructed Internet organization. The influence of a narrative Depends on three points: resonance with most people; extreme, provocative themes; and can stir up heated debate. Politics meets these three criteria, it is widely relevant, highly controversial, and naturally has two polarities Characteristics of differentiation. Political parties should issue their own tokens. Members can invest in these tokens to enhance their sense of belonging, while free markets quantify public sentiment. With their natural narrative advantages, these communities will be self-sustaining and highly active . Imagine the Republican and Democrats launching official PoliFi tokens, and ETFs track tokens backed by politicians. Trump Coin may be just the beginning.”

Cryptocurrency

▌Trump 's second son Eric Trump: Now is the best time to increase ETH

Trump's second son Eric Trump said on his social platform that now is the best time to increase his holdings of ETH (In my opinion, it'sa great time to add ETH.).

▌ WLFI transfers 8 crypto assets worth US$307 million to Coinbase Prime in the past 6 hours

According to Spot On Chain monitoring, World Liberty Financial has transferred 8 crypto assets worth $307 million to Coinbase Prime in the past six hours for fund management and business operations. Then, 19,423 stETHs were unstaked into ETH and purchased 1,826 ETHs for an average price of US$2,738 per piece. Currently, World Liberty Financial still holds $96.62 million worth of various assets in nine known wallets.

▌Bitcoin miners in the Satoshi era transferred $5 million in BTC, at the time the price was only 10 cents

A wallet containing 50 bitcoins, mined about 15 years ago, suddenly became active and transferred tokens worth about $5 million, which were initially worth only $0.10 each.

Bitcoin historian Pete Rizzo discovered and shared the wallet transaction using screenshots from mempool.space. The trend of this wallet has since sparked discussion and concerns in the crypto community. Some bystanders speculate that this may be related to Ross Ulbricht, the founder of the Silk Road, who recently received pardon.

However, it is very speculative to attribute old Bitcoin movements to any particular individual who does not voluntarily disclose their wallet address.

▌ Arkham announced that it has supported monitoring of Satoshi 's holdings address

Arkham announced that it has supported monitoring of Satoshi Nakamoto's holding address, which currently holds 1,096,354 bitcoins, worth approximately US$108.88 billion.

▌ David Sacks: No answer to "whether sovereign wealth funds hold crypto"

David Sacks responded in the last question in the press conference that the feasibility of studying Bitcoin reserves is one of the top events the president directs it to do and will be studied as part of an internal government working group. “Putting cryptocurrency into sovereign wealth funds” is another question and no answer can be made at this press conference.

Previous reports were reported that U.S. President Donald Trump signed an executive order on Monday directing the Treasury and Commerce Department to set up a sovereign wealth fund. While crypto is not mentioned, Treasury Secretary Scott Becent has expressed some interest in cryptocurrencies, while Commerce Secretary Nominee Howard Lutnik is a staunch supporter of the crypto industry.

▌U.S . SEC transfers crypto litigation lawyers involved in Ripple and Coinbase cases to IT department

The Securities and Exchange Commission (SEC) has reappointed Jorge Tenreiro, former deputy director of crypto assets and networking, to his Computer Systems Management (IT) division.

Tenreiro worked at the SEC for more than 11 years, and according to his LinkedIn information, he started as an executive attorney before serving as head of the agency’s cryptocurrency law enforcement from October 2022 to November 2024. Tenreiro has been involved in several high-profile SEC law enforcement cases targeting cryptocurrency companies, such as Ripple and Coinbase. Since President Donald Trump took office in 2025, the SEC reportedly has reduced the size of its crypto law enforcement agencies.

▌Analysts : Bitcoin market value accounts for more than 70% before it can start a new round of "counterfeiting season"

According to crypto analyst Rekt Capital, Bitcoin’s market capitalization share (BTC Dominance) needs to exceed 70% before it can usher in a new round of copycat season. Currently, the share of Bitcoin's market value has risen to 64.3%, and then fell back to 61%, but the overall trend is still rising. Analysts pointed out that the copycat season at the end of 2024 has ended, and Bitcoin has begun to rebound since it fell below 55% in December last year and has now risen by 6%. Historical data shows that 71% is the key point in Bitcoin's market value. If BTC.D encounters obstacles at this level, the market may usher in a new round of altcoin market.

▌ Raydium derivatives contract daily trading volume has reached US$100 million

The Solana ecological decentralized crypto trading engine Raydium launched derivative contract trading a few weeks ago, with daily trading volume exceeding US$100 million. Such contracts allow cryptocurrency traders to speculate in price fluctuations without holding actual tokens. Currently, it is Solana's third most popular perpetual contract trading platform, behind only the ecosystem's trading giants Jupiter and Drift.

It is reported that Raydium's perpetual contract trading is supported by Orderly Network, a trading project outside the Solana ecosystem. Orderly allows perpetual contract traders from multiple blockchains to trade assets on a unified order book.

▌ Copper will provide cryptocurrency custody services for Fineqia 's cryptocurrency ETN

Digital asset firm Fineqia AG has partnered with cryptocurrency custodian Copper to provide custody solutions for its exchange-traded notes (ETN) business, a move the company says will increase the reliability and transparency of its products. Under the new agreement, Copper will protect the underlying assets held by Fineqia's ETN, including Fineqia FTSE Cardano Enhanced Yield ETN, which provides direct exposure to Cardano.

As of January 29, the product managed more than $45 million in assets. About 10 months after FineqiaAG was initially approved, CardanoETN began trading on the Vienna Stock Exchange.

Michigan ' s $20 billion state pension fund discloses holding $9 million in Bitcoin ETF

According to Cointelegraph, the Michigan $20 billion state pension fund disclosed holdings of $9 million in Bitcoin ETF.

▌Trump family crypto project WLFI plans to create a "strategic reserve" with purchased tokens

Chase Herro, co-founder of World Liberty Financial, the DeFi project of U.S. President Trump, said the platform plans to create a "strategic reserve" with purchased tokens. Herro did not specify what World Liberty’s goal is to hold the token reserve. This topic has attracted much attention since Trump pledged to establish a token reserve during his campaign last year. Last month, he signed an executive order requiring an assessment of the feasibility of creating a digital asset reserve. Donald Trump Jr. made a appearance at the Ondo Summit at the Lincoln Center Jazz Hall on Thursday, the president's latest move to showcase support for the digital asset industry.

Although World Liberty is advertised as a DeFi lending platform, it has not yet begun operations. So far, the project is known for buying niche tokens.

Important economic trends

▌U.S . bond market responds coldly to U.S. Treasury Secretary 's 10-year yield commitment

Treasury Secretary Becent Bescent on Thursday's pledge to control the 10-year Treasury yield was met with some doubt in the bond market as inflationary pressures and expectations of a widening federal deficit could overshadow efforts to curb borrowing costs. "While Trump wants to lower interest rates, he will not ask the Fed to cut interest rates," Becent said in an interview yesterday. "President Trump and I are both focused on 10-year U.S. Treasury yields." But bond investment Those and analysts still don’t believe Becente’s remarks as Trump’s trade and fiscal policy is expected to push up long-term Treasury yields despite falling energy prices and government cuts spending. "The bigger problem in comprehensive inflation is the service industry inflation, and the inflation stickiness that has been widespread in the past few months," said Padhraic Garvey, head of research at the American region at Dutch International. “The tariff agenda will only put upward pressure on prices and, in fact, may be more influential than the energy price control plan,” he added.

▌Federal Logan: 2% inflation is not a necessary condition for FOMC rate cuts

Fed Logan said the choice in 2025 can be attributed to the return to rate cuts “as soon as possible” or the interest rate remain unchanged “for quite a while.” If the U.S. job market deteriorates, the Federal Reserve may cut interest rates. The labor market remains strong, which may mean that policy interest rates are close to neutral levels. A 2% inflation is not a necessary condition for FOMC rate cuts. Major central banks must anchor inflation expectations. Changes in trade policy may continue to affect the economy.

▌U.S . Treasury Secretary: 10-year U.S. Treasury yield is the key, Trump has not called on the Fed to cut interest rates

Treasury Secretary Bescent Besent said the Trump administration’s focus on reducing borrowing costs is on 10-year Treasury yields, rather than the Fed’s benchmark short-term interest rate. "He and I are both focused on 10-year Treasury bonds," Becent said in an interview with Fox Business Channel. "He is not calling on the Fed to lower interest rates." Bescent reiterated his view that by expanding energy supply, inflation will be reduced. As far as working people in the United States is concerned, "energy prices are one of the most reliable indicators of long-term inflation expectations for them." Becent also said that with regard to the Fed, "I will only talk about what they have done," and Not what I think they should do from now on.” He said the 10-year Treasury yield climbed after the Fed’s “significant rate cut”.

▌ DeepSeek ignited the AI ​​market. Many fund personnel reminded: Focus on innovation opportunities and grasp the investment rhythm

On the first day of the opening of the Year of the Snake (February 5), concept stocks such as DeepSeek and humanoid robots performed strongly. On the news front, during the A-share market closed during the Spring Festival holiday, the DeepSeek big model continued to be popular, and Yushu Robot also brought shocking performances in the Spring Festival Gala of the Year of the Snake. Many public and private equity fund personnel said that DeepSeek and humanoid robots, as important breakthroughs made by artificial intelligence (AI) in the software and hardware direction, will greatly improve human productivity and change society and lifestyles. Technological progress will give rise to new demand, which is less affected by macroeconomic fluctuations and relatively high demand growth. In 2025, the A-share style will be more inclined toward technological growth. (China Securities News)