S&PGR BULLETIN: XIAOMI FACES MULTIPLE STRESS POINTS IN 2026

Market & Flows • Early Ethereum investor sells 11,552 ETH (~$23.4M) from ICO-era holdings. • Bitcoin trades in narrow range amid macro pressure; breakout potential limited. • JPMorgan: Bitcoin shows safe-haven-like demand during Iran conflict. Mining & Supply • MARA sells 15,133 BTC (~$1.1B) to repurchase convertible notes. • Miners face breakeven pressure as AI pivot accelerates (CoinShares). Institutional & Adoption • Fannie Mae to accept bitcoin and USDC-backed mortgages. • White House review could open crypto access to $10T 401(k) market. • ARK Invest uses Kalshi for strategy and hedging. Regulation & Policy • Rep. Waters questions Kansas City Fed over Kraken master account approval. • Bipartisan PREDICT Act aims to bar federal officials from prediction markets. • UK sanctions crypto-linked marketplace Xinbi. • US court rejects safe harbor lawsuit for non-custodial software. • US indicts Chinese nationals over crypto-linked fentanyl trafficking. Corporate & Industry • Crypto Czar David Sacks exits role for broader White House tech position. • Nvidia faces class action over crypto revenue disclosures. • Elon Musk appoints Benji Taylor to lead design at X. • GameStop filing shows no $324M BTC sale in January. Blockchain & Infrastructure • Anchorage integrates TRX; becomes first federally chartered firm supporting Tron custody. • BlackRock’s BUIDL fund adds Chronicle verification layer. • Canton chain integrates with LayerZero. • USDT0 expands to Tempo payments blockchain. DeFi & Products • Trust Wallet launches AI trading agents. • Moonwell faces governance attack risking ~$1M. Investment & Funding • Circle Ventures backs Tazapay, extending Series B to $36M. Politics & Advocacy • Stand With Crypto launches voter hub ahead of midterms.

纽约联储系统公开市场账户经理Perli：美联储大规模购买短期国债（去年12月宣布的政策）旨在提前应对纳税日带来的流动性需求。