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JUST IN: 870 billion asset manager Standard Chartered Bank says Bitcoin could reach 500,000 before President Trump leaves office.

Odaily Planet Daily News: NFT project "Fat Penguin" Pudgy Penguins announced on X platform that 12164667616 PENGUs have been destroyed today.

According to BlockBeats, on February 5th, Fox News reported that in Wednesday's vote, the Senate Commerce Committee approved the nomination of billionaire banker Howard Lutnick to lead the Department of Commerce and submitted it to the full Senate for review. The nomination was approved by party line voting in the committee, with the only exception being Pennsylvania Democratic Senator John Fetterman, who voted in favor along with Republicans. Rutnik is a long-term friend of President Trump and also the CEO of Cantor Fitzgerald, an investment firm. If his nomination is confirmed, he will be responsible for promoting the new cryptocurrency and tariff policies of the Ministry of Commerce. In addition, he will also be responsible for executing a new executive order issued by Trump aimed at establishing the US government's sovereign wealth fund. This outspoken CEO is widely known for leading Kanto Corporation out of crisis after the 9/11 terrorist attacks. The company lost his brother and over 600 colleagues in the attack. Rutnik has been praised for his charitable work, providing support to families affected by terrorist attacks, natural disasters, and other emergencies through the Cantor Fitzgerald's Relief Fund. Rutnik supports tough tariff policies and promised at his confirmation hearing to 'use all available power to implement the President's trade agenda'. He called the claim that 'tariffs lead to inflation' 'groundless'.

Odaily Planet Daily News: The US Senate Committee voted 16 in favor and 12 against to approve the nomination of US Secretary of Commerce nominee Howard Lutnik. (Golden Ten)

On February 5th, according to Bloomberg, multiple labor unions in the United States have applied to the court for a temporary injunction, demanding that the Treasury Department stop providing personal and financial data of citizens to Musk's Office of Government Efficiency (DOGE) and recover leaked information. The lawsuit claims that Scott Bessent, the head of the Treasury Department, allowed DOGE to access the federal payment system, which contains confidential data of taxpayers, government employees, and businesses, which is suspected of being illegal. The union believes that this data sharing violates the privacy of its members and requests the court to intervene and suspend related operations until the case is decided. The Ministry of Finance responded that DOGE only has "read-only" permission and the data is encrypted, which will not affect the government payment process. But the union warns that if urgent measures are not taken, members' privacy may face irreversible infringement.