According to Odaily Planet Daily, OKX market data shows that ETH has broken through 3300 USDT and is currently trading at 3300.58 USDT, with the 24-hour decline narrowing to 0.35%. (This news item was generated with AI assistance.)

According to a post on the X platform by Alex Thorn, Head of Research at Galaxy, U.S. Senate Banking Committee Chairman Tim Scott has announced a postponement of the hearing on the Crypto Market Structure Act. It is understood that stablecoin yields are a key sticking point in the negotiations. Banking lobbying groups have actively pushed for restrictions on stablecoin rewards, fearing that interest-bearing stablecoins could siphon off bank deposits and destabilize the banking system. Compromises proposed to gain congressional support were ultimately deemed unacceptable by the stablecoin industry, with some believing the issue is a matter of survival. Other unresolved issues include restrictions on DeFi and illicit activities, as well as restrictions on tokenized security innovation. Furthermore, Thorn revealed that although Tim Scott has not yet announced a new hearing date, the earliest the Banking Committee could reconvene for the amendment hearings is the week of January 26-30, due to the Senate recess next week. The Senate Agriculture Committee, which handles CFTC-related matters, had previously postponed its amendment hearings to January 27.

According to Odaily Planet Daily, Sunil, a representative of FTX creditors, posted an update on the FTX compensation distribution schedule on the X platform. The previously announced compensation distribution date is March 31, 2026, and registration must be completed by February 14. In addition, users must complete relevant procedures before the deadline to receive compensation. Specific requirements include: completing KYC verification, submitting a W-8 BEN form, and selecting and confirming a compensation distribution agent.

According to data from Polymarket, Odaily reports that Kevin Warsh's chances of being elected Federal Reserve Chairman are currently 57%, Kevin Hassett's are 15%, Christopher Waller's are 15%, and Rick Rieder's are [not specified].

Odaily Planet Daily reports that Stellar has announced an upgrade to its Community Fund, launching Stellar Community Fund v7.0. This upgrade aims to accelerate ecosystem growth and help developers scale faster. The fund, which has been operating for six and a half years, was launched after successfully passing the SCF Pilot vote through the Soroban Governor, adapting to network maturity and developer needs. SCF v7.0 will optimize fund disbursement to encourage execution, speed, and delivery: 10% will be paid out initially upon grant, 20% during mid-term development milestones, 30% during the advanced product readiness phase (testnet), and 40% during mainnet launch validation and user experience readiness.