Cleveland Federal Reserve President Hammark said on Tuesday that the Fed has no urgent need to adjust its interest rate policy stance this year, given its "cautiously optimistic" view of economic activity. Given the likely outlook, "we're likely to keep the target range for interest rates unchanged for quite some time." She stated, "I think we're in a good position to keep the federal funds rate at its current level and see how things develop," adding that monetary policy is most likely to remain close to a stance that neither inhibits nor stimulates economic activity. "Rather than trying to fine-tune interest rates, I prefer to remain patient as I assess the impact of recent rate cuts and observe economic performance." Hammark noted that the economic outlook remains positive, but emphasized that inflation is still "too high," adding that with the risk of inflation remaining around 3% this year, a decline in price pressures is crucial. Regarding hiring, relevant information indicates that the current situation is relatively stable.

According to OKX market data, BTC has fallen below 69,000 USDT, currently trading at 68,998.1 USDT, a 24-hour drop of 2.5%. (This news item was generated with AI assistance.)

In the past hour, total liquidations across the network reached $12.39 million, with $7.85 million from long positions, with $4.54 million from short positions. BTC liquidation $5.07 million, ETH liquidation $4.38 million.

Huoxun Finance reported on February 11th that Binance founder and former CEO Changpeng Zhao (CZ) detailed his life trajectory from childhood to the present in an in-depth interview. Born in China, his father went to Canada to study in 1984 and immigrated to Vancouver, Canada in 1989. The family faced financial difficulties in the early days of immigration; his father worked as a teaching assistant at UBC, and his mother worked for many years in a sewing factory due to her limited English proficiency. CZ began working at McDonald's at the age of 14. During his university years, CZ studied biology at McGill University, later switching to computer science, but did not graduate formally. After obtaining his degree through an online education program, he began his career, developing a securities trading system in Tokyo before joining Bloomberg, where he quickly rose from programmer to managing a team of 80 people. In 2005, he co-founded a fintech company in Shanghai, serving clients such as General Motors. In 2013, he was introduced to Bitcoin by a friend and, after in-depth research, decided to sell his Shanghai apartment and invest approximately $900,000 in Bitcoin, at an average price of about $600 per Bitcoin. In 2017, CZ founded Binance and raised $15 million through an ICO. CZ stated that wealth is only one part of life; health, family, time, and inner fulfillment are equally important. He encourages ordinary people to strive continuously, pushing themselves to 110%-130% every day to achieve a comfortable life. He is currently writing his autobiography to clarify misunderstandings.

Odaily reports that Coinbase has announced the listing of Superform (UP). The UP-USD trading pair will open later today, provided liquidity conditions are met and trading is supported.