Trump plans to issue a series of executive orders Economic Daily: Focus on lowering the threshold of AI
Reprinted from jinse
01/10/2025·1Mheadlines
▌Trump plans to issue a series of executive orders within hours of being sworn in
U.S. President-elect Donald Trump plans to issue a series of executive orders on issues such as immigration, energy, federal workers and regulatory reform within hours of taking office on January 20, striving to quickly and comprehensively implement his policy guidelines. Among the executive orders he plans to issue would require action to tighten border crossing restrictions; authorize the federal government to complete the unbuilt border wall; establish a mechanism for mass deportations; and strip sanctuary cities of federal resources until they stop providing protections for undocumented immigrants. . The Trump team also plans to cut the number of federal employees by freezing government hiring and forcing federal employees to return to their offices.
▌Economic Daily: Focus on lowering the threshold for artificial intelligence application
The article stated that technological progress is the key to lowering the threshold for artificial intelligence application. This requires increasing investment in scientific research, strengthening independent research and development capabilities, and achieving more breakthroughs in key areas such as smart chips and operating systems. Consolidate the technical base of computing power, algorithms, data, etc., and cultivate a number of general large models and industry large models. Vigorously develop intelligent products, promote intelligent software applications, and promote the upgrading of consumer terminals such as home appliances and mobile phones to strong intelligence. Better play the role of enterprises as innovation entities, not only encourage industry-university-research cooperation and support leading enterprises to create typical benchmarks for new industrialization enabled by artificial intelligence; but also build artificial intelligence infrastructure to serve small and medium-sized innovative enterprises and lower the threshold for them to participate in the artificial intelligence market. Forming a market competition pattern where a hundred flowers bloom.
Quotes
As of press time, according to Coingecko data:
BTC’s recent transaction price was US$92,580.40, with an intraday increase or decrease of -2.5 % ;
ETH’s recent transaction price was US$3,223.89, with an intraday increase or decrease of -3.0% ;
BNB’s recent transaction price was US$686.98, with an intraday increase or decrease of -1.3 % ;
SOL’s recent transaction price was US$185.78, with an intraday increase or decrease of -5.8 % ;
The recent transaction price of DOGE was 0.3224 yuan, with an intraday increase or decrease of -5.9% ;
XPR’s recent transaction price was $2.28, with an intraday increase or decrease of -4.1% .
policy
▌Fox Reporter: The U.S. Senate Banking Committee will establish the first subcommittee dedicated to cryptocurrency
According to Fox Business reporter Eleanor Terrett’s post on the X platform, the U.S. Senate Banking Committee, led by Senator Tim Scott, will establish its first subcommittee dedicated to cryptocurrency. The subcommittee will be modeled after the Republican Financial Services Subcommittee established by Patrick McHenry in 2023.
Senate aides confirmed that Sen. Cynthia Lummis has been preliminarily selected as subcommittee chair, pending a vote by the full committee. It is reported that a vote to confirm Cynthia Lummis and new Republican and Democratic members (still being decided) may take place next Thursday, when Trump’s nomination hearing for Housing and Urban Development Secretary Scott Turner will be held.
Blockchain application
▌JP Morgan: MiCA regulations may increase the adoption of euro stablecoins
The EU’s landmark Markets in Crypto-Assets (MiCA) regulation, which comes into effect on December 30, 2024, could boost the market share of euro-pegged stablecoins, JPMorgan analysts said.
JPMorgan analysts said in a report that currently, euro-pegged stablecoins account for only 0.12% of the stablecoin market share, but MiCA can meet customer demand and regional-based adoption by encouraging European banks and financial institutions to adopt euro stablecoins. Financial settlement on the blockchain, thereby improving this situation. Notable examples include Société Générale’s EURCV stablecoin and BBVA’s planned launch of a stablecoin in partnership with Visa, analysts said.
cryptocurrency
▌ Polymarket users are betting that Biden is more likely to pardon SBF than Silk Road founder Ross Ubricht
US President Joe Biden is scheduled to leave office on January 20, and he still has time to issue pardons and commutations to individuals convicted of federal crimes. As of January 9, cryptocurrency betting platform Polymarket was offering users 4% odds on President Biden pardoning former FTX CEO Sam “SBF” Bankman-Fried, and 2% odds on him pardoning Silk Road founder Ross Ulbricht. As of the time of this article's publication, users have bet more than $5 million on SBF's odds and $1.2 million on Ulbricht's odds.
It's unclear whether President Biden plans to issue more pardons or commutations before the end of his term.
▌Many encryption company CEOs are currently seeking opportunities to have contact with Trump himself
With Trump’s inauguration less than two weeks away, crypto industry executives are vying for access to Trump himself and a seat on a planned cryptocurrency advisory committee that is expected to be formed soon after Trump takes office. According to people familiar with the matter, industry insiders intend to use the committee, which may be composed of about two dozen CEOs and founders, to influence the new government’s digital asset policy.
Most potential appointees have developed relationships with Trump and have visited him in recent months, people familiar with the matter said. Trump and his inner circle, including incoming White House artificial intelligence and cryptocurrency expert David Sacks, are still weighing potential appointees. Since Trump was re-elected in November, Mar-a-Lago has hosted a large number of people in the crypto industry, including Crypto.com CEO Kris Marszalek, Coinbase CEO Brian Armstrong and others. In addition, Circle, Coinbase, Kraken, Ondo and other companies have pledged to donate to Trump’s inauguration.
According to previous news, the encryption industry will host a ball to celebrate the inauguration of Trump and Vance on January 17, hosted by BTC Inc. and Stand With Crypto.
▌ Coinbase, Google, ai16z and other team members jointly launched the DAO organization Aiccelerate, aiming to accelerate the integration of encryption and AI
Team members from Coinbase, Google, ai16z and other major players have joined forces to launch Aiccelerate, a new decentralized autonomous organization (DAO) designed to accelerate the convergence of cryptocurrencies and artificial intelligence (AI). The announcement on January 9 showed that the DAO will focus on promoting decentralized, open-source AI development and supporting high-potential projects in different ecosystems. In addition, Aiccelerate positions itself as a DAO that pays equal attention to investment and development. Its main mission is to drive innovation in what it calls "agent AI." This DAO aims to build a collaborative community of top developers across multiple frameworks. These experts will contribute to a range of agents and tools designed to advance organizational goals.
Additionally, Aiccelerate will unify its initiatives through a token called AICC. The DAO will use part of the profits to buy back its native tokens. The list of development consultants includes ai16z founder Shaw, Virtuals Protocol core contributor EtherMage, EigenLayer developer relations director Nader Dabit, and Story Protocol co-founder Jason Zhao. On the investment side, Aiccelerate’s advisors include Mechanism Capital’s Andrew Kang and Marc Weinstein, Coinbase Ventures’ Justin Lee, and Delphi Digital’s Anil Lulla.
▌ Founder of CaneIsland Alternative Advisors: Predicts Bitcoin will reach $1.5 million in 2035
Timothy Peterson, founder of CaneIsland Alternative Advisors, said that based on network growth and Metcalfe's Law, Bitcoin is predicted to reach $1.5 million in 2035. Peterson's previous accurate predictions include a rebound in 2024 and a Bitcoin price floor of $10,000. .
▌ VanEck executive: Block is expected to become the first company in the S &P 500 to hold Bitcoin
Matthew Sigel, director of digital asset research at VanEck, posted on the X platform that financial technology company Block is expected to become the first company in the S&P 500 to hold Bitcoin. To be included in the index, a stock must meet six main criteria, including: 1) a market capitalization of more than $18 billion; 2) public float of more than 10%; 3) earnings in the most recent quarter should be positive, and The sum of GAAP earnings for the first four quarters should also be positive; 4) high liquidity; 5) listed for more than 12 months; 6) company headquartered in the United States.
Important economic developments
▌The probability that the Fed will keep interest rates unchanged in January is 93.1%
According to CME's "Fed Watch", the probability of the Fed keeping interest rates unchanged in January is 93.1%, and the probability of cutting interest rates by 25 basis points is 6.9%. The probability of keeping current interest rates unchanged by March is 57.7%, the probability of a cumulative 25 basis point interest rate cut is 39.7%, and the probability of a cumulative 50 basis point interest rate cut is 2.6%.
▌The U.S. dollar index rose 0.08% on the 9th
The U.S. dollar index, which measures the U.S. dollar against six major currencies, rose 0.08% on the day and closed at 109.180 in late foreign exchange trading. As of late trading in New York, 1 euro was worth $1.0299, down from $1.0309 on the previous trading day; 1 pound was worth $1.2309, down from $1.2357 on the previous day. 1 U.S. dollar was exchanged for 158.11 Japanese yen, lower than 158.46 yen on the previous trading day; 1 U.S. dollar was exchanged for 0.9126 Swiss francs, higher than 0.9117 Swiss francs on the previous trading day; 1 U.S. dollar was exchanged for 1.4392 Canadian dollars, higher than the previous trading day 1.4389 Canadian dollars; 1 U.S. dollar exchanged for 11.1530 Swedish kronor, down from 11.1612 Swedish kronor in the previous trading day.
▌Federal Reserve Governor Bowman: Supports considering the December interest rate cut as the "final step" in policy readjustment
Federal Reserve Governor Bowman said on Thursday that she supported last month's interest rate cut, believing it was the "final step" in the Fed's monetary policy adjustment and that it must proceed with caution in the future due to rising inflation risks. “We should also avoid prejudging the new administration’s future policies,” Bowman said in prepared remarks to the California Bankers Association. "Instead, we should wait for more clarity and then seek to understand the impact on economic activity, the labor market and inflation." This is the first time Bowman has made these remarks since he became the favorite to be the Federal Reserve's next top bank regulator. Barr announced this week that he would step down as the Fed's vice chairman for supervision by the end of next month. "This year will see a change in leadership at banking institutions, which I expect will translate into a shift in priorities and approaches," Bowman said. She reiterated her consistent calls for more targeted regulation and in Adopt a more “pragmatic” approach to policy making.
Golden Encyclopedia
▌What is a compressed NFT?
CNFT is a newer non-fungible token that utilizes state compression technology to store data more efficiently on Solana. Unlike traditional NFTs, which store all token metadata directly on-chain or through external links such as IPFS, cNFTs use Merkle trees to optimize data storage.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.
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