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BlockBeats News: On February 13th, Tom Wan, a strategy analyst at 21.co, posted on social media that Tether holds 83700 bitcoins (approximately $8 billion), accounting for 0.4% of the total bitcoin supply. Previously reported, JPMorgan analysts stated that in order to comply with the proposed stablecoin regulations in the United States, Tether may need to sell some non compliant assets, including Bitcoin, precious metals, corporate notes, and secured loans. The United States has proposed two stablecoin bills - the Stable Act in the House of Representatives and the GENIUS Act in the Senate, aimed at regulating stablecoin issuers through licensing requirements, risk management rules, and 1:1 reserve support. According to the STANLE bill in the House of Representatives, only 66% of Tether's reserves meet the requirements, while according to the GENIUS bill in the Senate, the eligible reserve ratio is 83%, "wrote a team led by JPMorgan analyst Nikolaos Panigirtzoglou in a report on Wednesday. It is worth noting that analysts indicate that both numbers indicate a decrease in Tether's compliance ratio since mid-2024, as the supply of stablecoins has surged.

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According to Bloomberg, several industry executives have reported that due to increased scrutiny by the US Customs and Border Protection, Bitmain Technology Co., Ltd. has experienced delays in shipping machines to US customers recently. These delays happened just as the US Department of Commerce blacklisted Xiamen Sophgo Technologies Ltd., an AI subsidiary of Bitmain, in January of this year. At that time, the US accused the company of "acting at the request of Beijing to promote China's domestic advanced chip production goals". This situation has put US President Trump's two goals in conflict: one is to gain the upper hand over China in trade, and the other is to cultivate local cryptocurrency miners to ensure that Bitcoin is "Made in America". Bitmain holds a 90% market share in the Bitcoin mining dedicated computer market, and the company was impacted by Trump's tariffs in 2018. On February 1st, Trump announced an additional 10% tariff on Chinese imports. Nuo Xu, the president of the China Digital Mining Association, said, "About three months ago, the US Customs began random inspections of almost all air freight Bitcoin mining machines." His mining farm is located in the United States. Nuo Xu added that customs officials are inspecting these machines more carefully and "requesting brokers to present certificates of origin".

Odaily Planet Daily News: Donald Trump's return to the White House has given Bitcoin and Coinbase investors more reasons to cheer. The new president has promised to promote the development of the US cryptocurrency industry by relaxing regulations. After Thursday's closing, investors will know whether this celebration translates into higher profits. Trump has promised to build the United States into the "global capital of cryptocurrencies" by introducing a more relaxed regulatory system. Trump has appointed or nominated regulators who support cryptocurrency in multiple institutions such as the Securities and Exchange Commission (SEC), Federal Deposit Insurance Corporation (FDIC), and Commodity Futures Trading Commission (CFTC). Under the leadership of Acting Chairman Mark Uyeda, the SEC has begun pushing forward with a cryptocurrency working group aimed at developing plans for the industry to operate legally in the United States, while venture capitalist David Sacks has led similar efforts in the White House. These changes are crucial for Coinbase as the SEC sued the company in 2023, accusing it of operating an unregistered stock exchange. Coinbase has defended against this accusation. Under Trump's leadership, there is a high probability that the SEC will abandon this case or reach some kind of agreement, allowing Coinbase to continue operating as planned. As of now, Coinbase has not responded to comment requests. （Barrons）

Odaily Planet Daily News: According to analysts' expectations compiled by FactSet, Coinbase is expected to report earnings per share (EPS) of $2.11 and revenue of $1.84 billion in the fourth quarter. This is a significant increase compared to the earnings per share of $1.04 and revenue of $954 million in the fourth quarter of 2023. Analysts estimate that Coinbase's total trading volume in the fourth quarter was $216 billion, higher than the $185 billion in the third quarter and the $154 billion in the fourth quarter of 2023. Although the growth is significant, it is still far below the $312 billion trading volume set by Coinbase in the first quarter of last year, when the approval of Bitcoin spot exchange traded funds (ETFs) sparked a renewed wave of cryptocurrency trading. Investors will also pay attention to the continued growth of Coinbase's subscription and service business, including the revenue earned by the company from stablecoin USDC. The expected revenue for this department is 611 million US dollars, higher than the 375 million US dollars in the same period last year. （Barrons）