The State Council Tariff Commission issued a notice: with the approval of the State Council, tariffs will be imposed on some imported goods originating in the United States from February 10, 2025. A 15% tariff will be imposed on coal and liquefied natural gas, and a 10% tariff will be imposed on crude oil, agricultural machinery, large-displacement cars, and pickups. (Jinshi)

According to a report from the Bangkok Post on February 3, Jomkwan Kongsakul, Deputy Secretary-General of the Thai Securities and Exchange Commission, stated that token investment is increasingly being taken seriously, and regulatory agencies will allow securities companies to trade digital tokens to leverage their large investor base. Jomkwan Kongsakul said, "The SEC is using technology to improve the efficiency of the capital market by promoting the electronic securities ecosystem," adding, "New regulations will be introduced to promote the issuance of electronic securities and online purchase of bonds," which are medium- to long-term debt instruments that large companies use to borrow money.

The Hong Kong Securities and Futures Commission has submitted a new budget proposal for the next fiscal year to the Legislative Council's Finance Committee, updating the deficit forecast for the current fiscal year (2024/25) to HKD 148 million, while the expected deficit for the 2025/26 fiscal year is HKD 238 million. At the same time, the Hong Kong Securities and Futures Commission proposed to add 15 new positions, of which 8 are aimed at strengthening the manpower support for virtual asset regulatory system, market supervision and law enforcement investigations, and 7 are aimed at strengthening information technology and institutional support.

It is expected that the Bank of England will cut interest rates by another 25 basis points this week. Policy makers are weighing the signs of a weakening UK economy against the prospect of short-term inflation rebound. The financial markets have been betting that the Bank of England's Monetary Policy Committee will cut the official interest rate to 4.5% on Thursday, which would be the third cut in borrowing costs in more than six months. However, due to the possibility of inflation rising again in the UK, as well as the potential for a global trade war following US President Trump's imposition of tariffs on Canada, Mexico, and others, this week's monetary policy committee deliberations will become complicated. Jari Stehn, Chief European Economist at Goldman Sachs, said: "We believe that the recent weakness in growth data, deterioration in labor market indicators, and gradual rise in core service inflation will mean that a rate cut (of 25 basis points) is widely supported."

The value of Ripple's XRP cryptocurrency has decreased by 27% over the past week, which is attributed to the general decline in cryptocurrencies following President Trump's imposition of tariffs on Canada, Mexico, and China. This could potentially lead to the US Federal Reserve being more cautious about reducing interest rates this year. However, XRP's previous surge was driven by optimism about more favorable crypto policies after Trump's election win, as well as positive developments in legal disputes. The SEC's regulatory decisions and the possible approval of Ripple's ETF could act as major catalysts for XRP's price increase.

A script has been added to the document head that generates a link element for a CSS file and a script element for an HLS file. The CSS link element is initially set to print media and then changed to all media once it has loaded. The HLS script element is set to defer loading and its type is text/javascript. Additionally, an image is loaded with a URL that contains a token and CID. Finally, a function is invoked to display a player with a unique ID using the cnxel library.

Cryptocurrency traders have significantly reduced positions in a range of tokens in response to the tariffs announced by US President Trump over the weekend. Data shows that on Monday morning, Ethereum, the second-largest digital asset by market value, plummeted by 27% to $2,135 in Asian markets before recovering slightly. This is the largest intraday drop for the token since May 2021. The negative sentiment in the market has also put pressure on other cryptocurrencies, with Bitcoin falling by nearly 6% at one point and smaller tokens experiencing even greater losses. Caroline Bowler, CEO of BTC Markets, stated, "Trump's tariff war is affecting the entire market, and concerns about trade wars and stagflation leading to economic recession are spreading to all cryptocurrencies and Bitcoin."

Chris Weston, research director at Pepperstone, said that US President Trump's tariffs represent the toughest possible approach among all possible scenarios. He said that severe tariffs are unlikely to be reduced quickly. Investors may be more cautious about the stock market, and tariffs have intensified currency and cross-asset volatility. However, Weston added that the basic situation is that this will not trigger comprehensive safe-haven behavior or cause the S&P 500 index to fall by 10%.

Utah may become the first state in the United States to establish a Bitcoin reserve due to its shorter legislative window and "political momentum".

Dennis Porter, CEO of Satoshi Action Fund, stated in an interview with US Senator Cynthia Lummis on February 2 that Utah has a great opportunity to become the first state in the United States to establish a Bitcoin reserve because they only have 45 days to make a decision.

Dennis Porter stated in an interview on January 21: "Either succeed within 45 days or fail. No other state has a shorter legislative time, and no other state has more political momentum and determination to get this done."

 US President Trump stated that the Federal Reserve's decision to keep interest rates unchanged last week "is correct under current circumstances."

According to a report from The Block, the City, County, and Local Affairs Committee of the Arkansas Senate rejected a bill that would have banned cryptocurrency mining within 30 miles of military facilities by a vote of 6 to 1. The bill also contained an emergency provision that would have allowed the state government to revoke the operating license of a cryptocurrency mining facility that had already been permitted if it was located near a military facility. The bill stated that this measure was necessary to ensure the health and safety of Arkansas and its citizens.