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U.S. Congressman Warren Davidson warns that the United States is sliding towards a licensed and tightly monitored financial system. He believes that the recently passed cryptocurrency legislation undermines the industry's original promise of permissionless private money. Warren Davidson posted on the X forum criticizing the stablecoin-focused GENIUS Act, stating that the bill will give rise to a wholesale version of the U.S. dollar central bank digital currency (CBDC), which could be used for "surveillance, coercion, and control." He also expressed concern that a digital identity system might be introduced in the future, forcing Americans to obtain government permission to use their own money.

[US Representative: Digital Identity and CBDC Could Turn the US into a "Surveillance Nation"]U.S. Congressman Warren Davidson warns that the United States is sliding towards a licensed and tightly monitored financial system. He believes that the recently passed cryptocurrency legislation undermines the industry's original promise of permissionless private money. Warren Davidson posted on the X forum criticizing the stablecoin-focused GENIUS Act, stating that the bill will give rise to a wholesale version of the U.S. dollar central bank digital currency (CBDC), which could be used for "surveillance, coercion, and control." He also expressed concern that a digital identity system might be introduced in the future, forcing Americans to obtain government permission to use their own money.

US Representative: Digital Identity and CBDC Could Turn the US into a "Surveillance Nation"

according to Farside Investors monitoring, yesterday the US Ethereum spot ETF had a net outflow of 72 million USD, including: Grayscale ETH net outflow of 32 million USD, BlackRock ETHA net outflow of 21.5 million USD.

[Yesterday, the US Ethereum spot ETF saw a net outflow of $72 million.]according to Farside Investors monitoring, yesterday the US Ethereum spot ETF had a net outflow of 72 million USD, including: Grayscale ETH net outflow of 32 million USD, BlackRock ETHA net outflow of 21.5 million USD.

Yesterday, the US Ethereum spot ETF saw a net outflow of $72 million.

[In 2025, the total net inflow into US Bitcoin spot ETFs was $22.9426 billion.]```

In 2025, the total net inflow into US Bitcoin spot ETFs was $22.9426 billion.

according to FarsideInvestors monitoring, yesterday the US Bitcoin spot ETF had a net outflow of 348.1 million USD, among which: BlackRock IBIT had a net outflow of 99 million USD, Fidelity FBTC had a net outflow of 66.6 million USD, and ARKB had a net outflow of 76.5 million USD.

[Yesterday, US Bitcoin spot ETFs saw a net outflow of $348.1 million.]according to FarsideInvestors monitoring, yesterday the US Bitcoin spot ETF had a net outflow of 348.1 million USD, among which: BlackRock IBIT had a net outflow of 99 million USD, Fidelity FBTC had a net outflow of 66.6 million USD, and ARKB had a net outflow of 76.5 million USD.

Yesterday, US Bitcoin spot ETFs saw a net outflow of $348.1 million.

Bitcoin Fear and Greed Index is 20. Extreme Fear.
Current Price: $87715.52.

[Bitcoin Fear and Greed Index is 20]Bitcoin Fear and Greed Index is 20. Extreme Fear.
Current Price: $87715.52.

Bitcoin Fear and Greed Index is 20

according to market news: The Salvadoran government stated that they plan to fully invest in Bitcoin and artificial intelligence fields in 2026.

[El Salvador plans to fully commit to Bitcoin and artificial intelligence by 2026.]according to market news: The Salvadoran government stated that they plan to fully invest in Bitcoin and artificial intelligence fields in 2026.

El Salvador plans to fully commit to Bitcoin and artificial intelligence by 2026.

On January 1st, Erik Zhang, one of the two founders of NEO, posted that he hopes everyone refocuses on what is most important for Neo: continuous development and long-term growth. He is actively promoting the design and research work of Neo 4 to ensure it aligns with the roadmap. Meanwhile, efforts are also being made to advance ecosystem development and external cooperation, continuously dedicating to application adoption, real-world assets (RWA), stablecoins, and cross-chain interoperability, so that protocol-level improvements translate into practical applications and sustainable growth. Short-term controversies will eventually pass; what truly determines Neo's future direction is continuous delivery, active collaboration, and practical application.

[Zhang Zhengwen: Short-term controversies will eventually pass; focus on Neo's continued development and long-term growth.]On January 1st, Erik Zhang, one of the two founders of NEO, posted that he hopes everyone refocuses on what is most important for Neo: continuous development and long-term growth. He is actively promoting the design and research work of Neo 4 to ensure it aligns with the roadmap. Meanwhile, efforts are also being made to advance ecosystem development and external cooperation, continuously dedicating to application adoption, real-world assets (RWA), stablecoins, and cross-chain interoperability, so that protocol-level improvements translate into practical applications and sustainable growth. Short-term controversies will eventually pass; what truly determines Neo's future direction is continuous delivery, active collaboration, and practical application.

Zhang Zhengwen: Short-term controversies will eventually pass; focus on Neo's continued development and long-term growth.

On January 1, Cynthia Lummis, the proposer of the "Bitcoin Strategic Reserve Act" and chair of the Senate Banking Digital Assets Subcommittee, stated that the U.S. "Responsible Financial Innovation Act" will allow large banks to provide digital asset custody, staking, and payment services under appropriate regulation.

[Lummis: The Responsible Finance Innovation Act will allow large banks to offer digital asset custody, staking, and payment services.]On January 1, Cynthia Lummis, the proposer of the "Bitcoin Strategic Reserve Act" and chair of the Senate Banking Digital Assets Subcommittee, stated that the U.S. "Responsible Financial Innovation Act" will allow large banks to provide digital asset custody, staking, and payment services under appropriate regulation.

Lummis: The Responsible Finance Innovation Act will allow large banks to offer digital asset custody, staking, and payment services.

On January 1, news reported that NEO's two major founders, Erik Zhang and Da Hongfei, accused each other of monopolizing financial power and lacking transparency. Erik Zhang stated that he will return to the Neo mainnet for comprehensive management to safeguard the core rights of NEO/GAS holders. Meanwhile, Erik Zhang disclosed the current NEO governance structure and the status of accounts under management.

[Neo co-founder Zhang Zhengwen announced the governance structure and financial status, and announced his return to mainnet management.]On January 1, news reported that NEO's two major founders, Erik Zhang and Da Hongfei, accused each other of monopolizing financial power and lacking transparency. Erik Zhang stated that he will return to the Neo mainnet for comprehensive management to safeguard the core rights of NEO/GAS holders. Meanwhile, Erik Zhang disclosed the current NEO governance structure and the status of accounts under management.

Neo co-founder Zhang Zhengwen announced the governance structure and financial status, and announced his return to mainnet management.

The Korean Financial Services Commission recently reported to the People Power Party the draft of the Basic Law on Digital Assets. The People Power Party plans to hold a meeting of the special committee on digital assets within the party in early November to collect government and industry opinions on the bill, and may propose the bill in November . The Basic Law on Digital Assets, which will be proposed under the name of the “Digital Assets Fair Restoration Support Law,” focuses on investor protection and is expected to contain information on the qualifications and obligations and disclosure rules of digital asset operators.

Detail

【South Korea will hold a meeting in November to collect opinions on the draft Basic Law on Digital Assets】The Korean Financial Services Commission recently reported to the People Power Party the draft of the Basic Law on Digital Assets. The People Power Party plans to hold a meeting of the special committee on digital assets within the party in early November to collect government and industry opinions on the bill, and may propose the bill in November . The Basic Law on Digital Assets, which will be proposed under the name of the “Digital Assets Fair Restoration Support Law,” focuses on investor protection and is expected to contain information on the qualifications and obligations and disclosure rules of digital asset operators.

South Korea will hold a meeting in November to collect opinions on the draft Basic Law on Digital Assets

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Article

Matrixport: The structural growth trend of crypto assets remains intact.

Neo founders embroiled in internal strife: Erik accuses Da Hongfei of concealing financial information, Da Hongfei retaliates by alleging Erik delayed multiple-signature transfers.

South Korea will hold a meeting in November to collect opinions on the draft Basic Law on Digital Assets

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