U.S. Senate back to crypto talks as industry's make-or-break bill faces time crunch

[Trump Proposes Increasing U.S. Military Budget to $1.5 Trillion by 2027] On January 7 local time, U.S. President Trump posted on the social platform 'Truth Social,' stating that after negotiations with senators, representatives, ministers, and other political representatives, he has decided that the U.S. military budget for 2027 should be increased from $1 trillion to $1.5 trillion. Trump mentioned that this budget adjustment will help build a stronger military and noted that tariff revenues provide support for achieving this goal.

Member indicators show that the current price is below the EMA24/52 moving average, and EMA24 is below EMA52, indicating a clear medium to long-term bearish signal. At the same time, the distribution of chips reveals strong resistance near 3150, combined with the shape of the upper hanging line, further verifying the weak short-term rebound. The latest 1-hour cycle K-line formed a black three soldier combination, with trading volume shrinking to 37% of the average level, indicating low market buying interest and accumulating downward momentum. If it falls below the 3125 support level, it may accelerate its downward trend to the key support level of 2980. Open membership, accurately capture trend turning points, and take the lead in layout! The data is sourced from the PRO member's [ETH/USDT Binance 1-hour] K-line, for reference only, and does not constitute any investment advice.

Circle has issued $2.25 billion in USDC since the beginning of this year, with an additional $500 million issued today. （Cointelegraph）

World Liberty Financial, the encryption company of the Trump family, has applied for a US banking license. （Watcher.Guru）

As the US Senate Banking Committee approaches a crucial vote on the cryptocurrency bill, the controversy surrounding stablecoin rewards is becoming increasingly intense. （Decrypt）