Huoxun Finance reported on January 24th that, according to CoinTelegraph, experts warn that proposed restrictions on stablecoin yields under the US Crypto Structures Act (CLARITY Act) could drive demand for offshore and synthetic dollar products as investors seek yields outside regulated markets. Under the already enacted GENIUS Act, payment-type stablecoins like USDC must be fully backed by cash or short-term US Treasury bonds and are prohibited from paying interest directly, thus being considered "digital cash." Colin Butler, Head of Markets at MegaMatrix, stated that prohibiting compliant stablecoins from offering yields to holders would not protect the US financial system but would instead marginalize regulated institutions and accelerate capital migration outside regulatory boundaries. Currently, the digital yuan already has interest-bearing capabilities, and Singapore, Switzerland, and the UAE are advancing frameworks for interest-bearing digital assets. If the US bans yields on compliant dollar stablecoins, it could weaken global competitiveness.

Odaily Planet Daily reports that Strategy launched its first non-US perpetual preferred stock, STRE, in Europe last November. With a face value of €100 and an annualized dividend of 10%, it was ultimately issued at a discount of €80, raising approximately $715 million. However, market response was lukewarm after listing. Analysts believe the poor reception of STRE was mainly due to limited listing channels through Luxembourg's Euro MTF, difficulty in trading on mainstream brokerages and retail platforms, and a lack of transparent pricing and market data. Strategy has not yet announced its next steps, and the market is focused on whether it will continue to deepen its presence in Europe or maintain its US market focus. (CoinDesk)

Huoxun Finance News, January 24th - Following his threats against Federal Reserve Chairman Powell and attempts to forcibly control Venezuelan President Maduro, US President Trump seems intent on adding another "bombshell" to the market. This week, another dramatic market upheaval triggered by Trump has occurred. However, even Trump's latest "backing down" hasn't deterred gold and silver bulls, who have pushed precious metals to the next milestone: silver has surpassed $100, and gold is very close to $5,000. Looking ahead to next week, market volatility is unlikely to lessen. Weekend anxieties surrounding Iran and the general tense atmosphere are fueling market activity, especially with the Federal Open Market Committee (FOMC) meeting approaching and Trump preparing to announce his nominee for the next Fed Chairman. Here are the key events the market will be focusing on this week: Tuesday 23:00, US January Conference Board Consumer Confidence Index, US January Richmond Fed Manufacturing Index; Thursday 03:00, Fed FOMC interest rate decision; Thursday 03:30, Powell's monetary policy press conference; Thursday 21:30, US initial jobless claims for the week ending January 24, US November trade balance; Friday 21:30, US December PPI data, Canada November GDP month-on-month rate; Friday 22:45, US January Chicago PMI data. The biggest highlight next week may not come from the Fed or the data. Trump is likely to try to steal Powell's thunder by announcing his nominee for Powell in May. It is believed that Trump has narrowed down his choices to four candidates: White House economic advisor Hassett, Fed Governor Waller, former Fed Governor Warsh, and Rick Reid, BlackRock's chief bond investment manager, who recently joined the list.

Huoxun Finance News, January 24th - According to CoinDesk, blockchain technology developer R3 announced its plan to reposition itself as a Solana-based tokenization and on-chain capital market platform. It will focus on high-yield institutional assets, such as private lending and trade finance, packaging them into DeFi-native structures. The aim is to bring Wall Street-level assets onto the blockchain and massively integrate off-chain capital into the on-chain market. Reportedly, R3 already supports over $10 billion in assets through its Corda blockchain platform and has partnered with HSBC, Bank of America, Bank of Italy, the Monetary Authority of Singapore, the Swiss National Bank, Euroclear, SDX, and SBI, among others.

According to CertiKAlert, multiple TornadoCash deposits in the Saga hack have been identified. Before being mixed in TornadoCash, approximately $6.2 million of the stolen funds were first deposited into five wallet addresses and then transferred through multiple transactions.