（来源：吴说） 名为 Fellowship PAC 的加密行业超级政治行动委员会此前宣称将为 2026 年美国中期选举筹集 1 亿美 元，并被早期报道指与 Tether 可能存在关联，但截至最新 Federal Election Commission 披露文件，该委 员会账面资金为 0，尚未实际筹集或支出任何资金。Tether 发言人本周表示 Tether International 与 Fellowship 无任何关联或监督关系。根据美国选举法，PAC 不得接受非美国实体资金。（CoinDesk） ...

（来源：吴说） 据 CoinDesk 报道，CZ 在 Consensus 讨论中重申，加密行业目前缺乏隐私保护是阻碍更广泛采用的主要 障碍之一。他表示，在设计链上数据可追踪性与隐私之间必须取得平衡，否则监管与用户需求难以兼 顾。 ...

Core Viewpoint - The American Bankers Association (ABA) has urged the Office of the Comptroller of the Currency (OCC) to slow down the approval process for banking license applications from cryptocurrency companies, citing potential risks to the financial system before a regulatory framework is established [1] Group 1: Regulatory Concerns - The ABA warns that approving these applications before Congress completes relevant regulatory frameworks could pose risks to the financial system [1] - Several cryptocurrency companies, including Circle, Ripple, and Coinbase, are currently applying for or have already obtained OCC trust bank licenses [1] Group 2: Industry Implications - The banking industry is concerned that granting these licenses would allow cryptocurrency companies to bypass traditional banking intermediaries and directly access the Federal Reserve's payment system [1]

文章来源：麦通MSX研究院 作者：程智鹏 2026 年 2 月，全球资本市场呈现出一幅充满张力的双轨图景。纳斯达克指数在 AI 浪潮余温中维持着结 构性韧性，而加密货币市场却正在经历一场无声却深刻的出清。 这不是一次简单的周期性回调。根据 Coinglass 数据，仅 2 月初的 48 小时内，全网爆仓金额突破 25.8 亿美元，比特币价格一度击穿 7.6 万美元关口，较历史高点回撤超 41%。然而，相比于屏幕上跳动的红 色数字，一个更为隐秘且关键的信号正在华尔街的交易台上传递——历史性的相关性背离。 过去五年，加密资产曾被视为'带杠杆的纳斯达克指数'，与科技成长股如影随形。但在 2026 年初的这 场调整中，这种锚定关系被打破。加密资产正在被系统性剥离出'风险资产'的组合，其波动特征开始呈 现出与黄金、大宗商品趋同的特征。这一信号暗示市场正在重新评估加密货币的属性，它不再被单纯视 为代表未来的科技革命，而是被降级为一种更多依附于供需博弈的另类商品。 麦通MSX研究院认为，在原生叙事枯竭与机构去杠杆的双重压力下，加密行业正在被迫告别那个试图 构建平行金融体系的草莽时代，转而开启一场残酷的'物种演化'——从颠覆 ...

（来源：吴说） 美国财政部长 Scott Bessent 在参议院银行委员会听证会上表示，一些加密行业参与者在数字资产市场结 构立法谈判中阻碍进展，称业内存在"宁可不要监管"的群体，并强调若无法通过 Digital Asset Market Clarity Act，美国加密行业难以继续发展；他与民主党参议员 Mark Warner 表达了类似不满。Bessent 同 时指出，稳定币监管法案 GENIUS Act 提供了可参考的平衡框架，并称希望市场结构法案能在今年通 过。（CoinDesk） ...

据 Decrypt 报道，澳大利亚公司与金融服务监管机构 ASIC 在最新《Key Issues Outlook》中将加密行业 监管空白列为 2026 年关键风险之一，称部分加密、支付与 AI 公司游走于监管边缘，可能向消费者提 供无牌建议或误导性服务，并加大执法难度。ASIC 指出，除部分业务确实处于现行规则覆盖之外，也 有机构"主动寻求留在监管之外"，导致市场对监管边界的不确定性上升。 （来源：吴说） ...

据 DLNEWS，CertiK 正计划推进 IPO，但其近年来多起争议对市场信任构成压力。CertiK CEO 兼联合 创始人 Ronghui Gu 表示，上市是公司在产品与技术持续扩展过程中的下一步。不过，CertiK 过去因多 项事件受到质疑，包括员工遭遇钓鱼攻击导致公司 X 账号被入侵、在 Kraken 事件中以"白帽"名义利用 并处置一项约 300 万美元漏洞，以及曾为汇旺（Huione Guarantee）相关稳定币项目提供审计服务。在 多家加密机构陆续推进上市、行业 IPO 活跃的背景下，CertiK 能否在争议尚存的情况下重获投资者认 可，仍有待观察。 （来源：吴说） ...

Core Insights - The founder of Binance, Zhao Changpeng (CZ), stated that blockchain technology has a transformative impact on financial services and the global economy, a significance proven over the past 15 to 16 years [1][2] - Binance currently has 300 million users, with trading volumes surpassing those of the Shanghai Stock Exchange and the New York Stock Exchange [1][2] Industry Developments - The cryptocurrency industry has two mature sectors: exchanges and stablecoins [1][2] - Future growth is anticipated in three key areas: 1. Tokenization, with discussions ongoing with approximately 12 governments to tokenize assets for economic benefits [1][2] 2. Payments, as cryptocurrency integrates with traditional payment methods, leading to significant growth in payment services [1][2] 3. AI, where cryptocurrency is expected to become the native currency for AI agents, facilitating direct use in real payment needs [1][2]

Core Viewpoint - The CFTC has announced the restructuring of its Innovation Advisory Committee, which will include CEOs from various cryptocurrency companies and executives from traditional financial institutions to assist in developing market structure regulations for new financial frontiers [1] Group 1: Committee Composition - The first members of the restructured committee will include CEOs from cryptocurrency firms such as Gemini, Kraken, Bitnomial, and Bullish [1] - Executives from traditional financial institutions like Nasdaq, CME Group, Intercontinental Exchange (ICE), and Cboe Global Markets will also be part of the committee [1] Group 2: Committee Objectives - The new CFTC Chairman Mike Selig stated that the committee will help in formulating regulations that are suitable for the evolving landscape of financial markets [1] - The public is invited to submit suggestions for new members and topics for discussion by the end of January [1]

Core Viewpoint - BitGo Holdings Inc. plans to raise up to $201 million through an IPO, potentially becoming the first cryptocurrency company to go public in 2026, with an expected post-IPO valuation of approximately $1.96 billion [1][2]. Group 1: IPO Details - BitGo intends to issue 11.8 million shares at a price range of $15 to $17 per share, with 11 million shares being new stock and approximately 821,600 shares sold by existing shareholders [1]. - The IPO is expected to be priced on January 21, 2026, and will be listed on the New York Stock Exchange under the ticker symbol BTGO [3]. Group 2: Financial Performance - For the first nine months of 2025, BitGo reported a net profit of approximately $8.1 million and revenue of about $10 billion, compared to a net profit of $5.1 million and revenue of $1.9 billion in the same period the previous year [2]. - As of September 30, 2025, BitGo's platform had approximately $104 billion in assets under custody, supporting over 1,550 digital assets [2]. Group 3: Market Context - The IPO comes after a series of cryptocurrency companies went public in 2025, with notable IPOs including Gemini Space Station raising $446 million and Circle raising $1.2 billion [2]. - The overall cryptocurrency market has cooled, with Bitcoin prices down approximately 6.5% in 2025 [2]. Group 4: Ownership Structure - CEO Mike Belshe holds 2.6% of Class A common stock and all Class B stock, with his voting power expected to decrease to 56% post-IPO [3]. - Institutional shareholders include Valor Equity Partners and Redpoint Ventures, holding 4.6% and 3.9% voting power, respectively [3].