Crypto Morning Brief: Fed Holds Rates Steady; Binance Faces Widespread Backlash
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Crypto Morning Brief: Fed Holds Rates Steady; Binance Faces Widespread Backlash
The White House convened a meeting with banks and the crypto industry to seek breakthroughs in the stablecoin legislation deadlock.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday’s Market Highlights
Spot gold retreated after nearing $5,600, currently trading at $5,495 per ounce.
According to Bitget data, spot gold retreated after approaching $5,600, and is now trading at $5,495 per ounce—down $100 from its intraday high.
Fed Holds Rates Steady
In its first rate decision of 2026, the Federal Reserve held its benchmark interest rate steady at 3.50%–3.75%, pausing the three consecutive rate cuts initiated in September last year—a move widely anticipated by markets.
White House to Convene Banks and Crypto Industry to Break Stablecoin Legislation Deadlock
According to Reuters, the White House will host a closed-door meeting next Monday with executives from banking and cryptocurrency industries to discuss pathways forward for key crypto legislation stalled due to disagreements between the two sectors. The meeting will be led by the White House Crypto Council and is expected to include representatives from multiple industry associations. A focal point will be provisions in the bill concerning whether stablecoins (U.S. dollar-pegged tokens) may pay interest or other returns to users. The report notes this dialogue could help foster compromise—and reflects the Donald Trump administration’s desire to advance related legislation. The White House has not yet commented.
CZ: Recently Targeted by Organized Disinformation Campaign; Multiple Unfamiliar Accounts Reposting Identical Content
Changpeng Zhao (CZ), founder of Binance, posted on social media that he has recently been subjected to organized attacks. He stated: “There have been some coordinated attacks lately targeting the ‘buy and hold’ narrative… Many accounts I don’t recognize suddenly posted nearly identical copy-pasted content.”
In an earlier post, Zhao noted he personally follows a simple “buy and hold” strategy—but clarified it does not apply to all crypto projects and does not constitute financial advice.
He Yi: “ARK Invest’s Cathie Wood Is Not a Binance User; We Do Not Serve U.S. Persons or Entities”
He Yi responded to a community user on X, stating: “Cathie Wood is not a Binance user. We do not serve U.S. persons or entities—apologies if this caused offense.”
OpenAI Plans New Social Platform, Possibly Using World’s Orb Eye-Scan Technology for Human Verification
According to The Block, OpenAI is planning to launch a new social media platform that may leverage World’s (formerly Worldcoin) Orb eye-scanning technology to verify users as real humans—aiming to create a bot-free social environment. Notably, OpenAI CEO Sam Altman is also a co-founder of Tools for Humanity, the company developing World technology.
NFT Platform Rodeo Announces Shutdown—Second NFT Platform to Close This Week
According to Cointelegraph, NFT marketplace Rodeo announced its shutdown on Tuesday—making it the second NFT platform this week to announce cessation of operations, following Nifty Gateway. Kayvon Tehranian, CEO and co-founder of Rodeo, stated that although the platform launched on iOS in March last year and focused on creator rewards and social experiences, it failed to reach a sustainable scale. Rodeo will transition to read-only mode on February 10 and fully shut down on March 10, offering users migration paths for their assets to platforms such as Arweave.
Robinhood CEO: Plans to Enable 24/7 Trading and DeFi Access Within Coming Months
Robinhood CEO Vlad Tenev posted on social media calling for real-time settlement via stock tokenization. Robinhood already offers over 2,000 tokens representing U.S.-listed equities in Europe and plans to enable 24/7 trading and DeFi access within the coming months. Tenev noted that the current leadership of the U.S. Securities and Exchange Commission (SEC) is embracing innovation, and Congress is considering the CLARITY Act—which would establish modern rules for tokenized stocks.
Vitalik: Earned $70,000 on Polymarket Last Year—Strategy Was Betting “Crazy Things Won’t Happen”
Ethereum co-founder Vitalik Buterin revealed in a conversation with Joe Zhou that he invested $440,000 on Polymarket last year and earned $70,000 in returns. His strategy was straightforward: identify prediction markets falling into “crazy mode,” then bet against extreme outcomes. For instance, when markets priced in propositions like “Trump will win the Nobel Peace Prize” or “the U.S. dollar will hit zero next year,” he placed counter-bets—an inverse investment approach that often proved profitable.
Fidelity to Launch Stablecoin FIDD on Ethereum
According to CoinDesk, Fidelity Investments will launch its stablecoin FIDD in early February. Built on the Ethereum network, FIDD will be backed by cash, cash equivalents, and short-term U.S. Treasury securities—complying with regulatory requirements for payment stablecoins under the newly enacted GENIUS Act.
Mike O’Reilly, President of Fidelity Digital Assets, stated this initiative represents a natural evolution to meet client demand—especially for low-cost payments and settlements. Fidelity will publish daily updates on token supply and reserve value, along with periodic third-party attestation reports.
Bitmine Restakes Over 62,300 ETH, Worth ~$186.4 Million
According to on-chain analytics platform Onchain Lens (@OnchainLens), Ethereum treasury firm Bitmine (@BitMNR) has restaked 62,304 ETH—valued at approximately $186.4 million.
Bitmine’s cumulative staked ETH now totals 2,328,288 ETH, worth roughly $6.96 billion.
Market Data
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An 8-Year-Old Bitcoin Book Is “Predicting” a Silver Crash?
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ERC-8004 Goes Live: Giving AI Agents Digital IDs—A New Business for Ethereum?
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Hyperliquid’s “Quiet Revolution”: From Crypto-Native DEX to Multi-Asset Trading Hub
This article details how Hyperliquid’s decentralized exchange achieved rapid growth through its HIP-3 feature—increasing open interest from $260 million one month ago to $793 million. Trading volume in perpetual contracts for precious metals surged, with gold and silver volumes reaching $131 million and $1.25 billion respectively—drawing traditional finance traders onto-chain. With lower slippage, faster execution, and broader product offerings, Hyperliquid is challenging centralized exchanges (CEXs) and progressively bringing traditional asset trading on-chain.
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