This report takes a wallet perspective, reviewing key changes closely related to daily finance in the on-chain ecosystem of 2025, and based on this, explores the evolution direction of on-chain finance in 2026.

Faced with unprecedented political pressure and threats of criminal investigation, Federal Reserve Chairman Powell, with only a few months left in his term, chose to publicly advise the next chairman to "stay away from politics." A battle to defend the independence of the U.S. central bank has entered a heated stage. On January 28, local time, Federal Reserve Chairman Powell clearly stated at a press conference that he advises the next Federal Reserve chairman to "draw a clear line" with American politics. Just the day before, former U.S. President Trump once again

From the entry of giants to the transformation of banks, an analysis of the license landscape and regional differentiation in the fourth quarter.

Trump announced Kevin Walsh as the Chairman of the Federal Reserve, the SEC and CFTC launched Project Crypto for unified cryptocurrency regulation, Blackrock deposited a large amount of BTC and ETH into Coinbase, and Sun Yuchen stated that Tron will increase its Bitcoin holdings.

Any deal involving SpaceX and Tesla would quietly consolidate one of the world’s largest corporate bitcoin holdings under a single roof.

The Department of Justice said it now holds legal title over crypto, real estate and monetary assets tied to darknet mixing service, Helix

The conventional wisdom on Trump\\\'s pick for Fed chair says he\\\'s a hawk. Druckenmiller, who made billions fading conventional wisdom, suggests that\\\'s not necessarily so.

Reinterpreting Australia's compliance framework under the regulatory turning point in 2026.

New product lets companies manage cash, stablecoins and tokenized funds in one system, cutting cross-border settlement times from days to seconds.

On January 30, 2026, at 8:00 AM UTC+8, U.S. President **Trump** officially nominated former Federal Reserve Governor **Kevin Warsh** to succeed **Jerome Powell**, whose term will expire in May 2026, to lead the world's most critical central bank. This personnel signal quickly created ripples in both the macro and crypto markets, not only because of his policy track record from 2006 to 2011 but also due to his public emphasis in 2025 that "**Bitcoin is the overseer of monetary policy**," which is seen as a challenge to the existing

From the night of January 29 to the daytime of January 30, Eastern Standard Time, a rare synchronized flash crash occurred in the global precious metals and cryptocurrency markets: **gold, silver, and Bitcoin all experienced significant declines on the same night**, causing the "safety net" of traditional finance and the crypto world to falter together. On the charts, gold plummeted from a high of nearly $5,600 per ounce, falling below the $5,000 mark, while silver dropped from a high of $121.6 per ounce to below $100; at the same time, Bitcoin's market value shrank by 6.4% within 24 hours, briefly falling below

Musk's X gaze, Clawdbot trading goes to zero, Meme developers "cash out in seconds," CZ deeply mired in a public relations crisis.

The US dollar index rose sharply, the US Treasury yield curve steepened, the declines in the three major stock index futures widened, and precious metal prices plummeted—financial markets are responding to the potential return of a former Federal Reserve governor to the center of power with a collective sell-off. On the evening of January 29 local time, US President Donald Trump announced that he plans to reveal the nominee for the next Federal Reserve chairman the following morning (January 30). He hinted that the nominee "is from the list of candidates," which is widely known in the financial community.