The Federal Reserve announced that it will keep the benchmark interest rate unchanged.

According to the People's Daily, on January 28th local time, the latest minutes of the Federal Open Market Committee (FOMC) monetary policy meeting showed that the Fed decided to maintain the target range for the federal funds rate at 3.5% to 3.75%. The minutes indicated that current indicators suggest job growth remains low, and the unemployment rate has shown signs of stabilizing. Inflation remains at a high level. The Committee is committed to achieving its goals of maximum employment and a sustained inflation rate of 2%. Uncertainty about the economic outlook remains high. The Committee is closely monitoring the risks to its dual mandate. To support its goals, the Fed decided to maintain the target range for the federal funds rate at 3.5% to 3.75%. Specific voting details show that the Fed voted 10-2 to maintain the benchmark interest rate at 3.5% to 3.75%. Fed Governors Waller and Milan voted against, advocating a 25 basis point rate cut. Prior to this interest rate policy announcement, the market widely expected the Fed to keep interest rates unchanged at this week's policy meeting, after the agency had already cut rates three times in the second half of 2025.

The U.S. Securities and Exchange Commission (SEC) issued a statement on tokenized securities, clarifying the classification methods and the scope of applicable law.

The U.S. Securities and Exchange Commission (SEC) issued a statement providing an official explanation of the classification and applicable law for tokenized securities, clarifying the applicability of federal securities law to crypto assets. The statement defines "tokenized securities" as financial instruments embodied in crypto assets, with ownership records maintained wholly or partially through a crypto network. Its core classification includes tokenized securities issued by the issuer and tokenized securities issued by a third party. For tokenized securities issued by the issuer, the issuer integrates blockchain into its shareholder register system, enabling on-chain asset transfers to directly correspond to changes in shareholding. The SEC emphasizes that the form of issuance of securities does not affect the applicability of securities law, and all offerings and sales require registration or exemption. Third-party tokenized securities are mainly divided into two models: First, custodial tokenized securities, where a third party issues crypto assets representing the underlying securities, which represent the holder's rights in the underlying securities held in custody. Second, synthetic tokenized securities, where a third party issues crypto assets of its own securities to provide synthetic exposure; these assets may be linked securities or security swaps. The SEC emphasized that third-party tokenized products may introduce additional counterparty and bankruptcy risks, and in some cases, be subject to stricter regulatory rules for security swaps. The SEC specifically pointed out that the sale of crypto assets representing security swaps to non-eligible contract participants must be registered under securities laws and traded on a national securities exchange. Determining whether a crypto asset financial instrument qualifies as a security swap should be based on its economic substance, not its name. The SEC stated it is prepared to communicate with market participants on these issues.

Powell: Nobody expects a rate hike at the next meeting; a rate hike is not anyone's base case.

According to CLS News Agency, Federal Reserve Chairman Jerome Powell stated that the current policy stance is appropriate and conducive to progress toward achieving both objectives. Data since the last meeting shows a significant improvement in growth, placing the Fed in a favorable position to address the risks of its dual mandate. It is difficult to conclude from the latest data that policy is clearly restrictive; the Fed will focus on key target indicators and let the data guide the direction. No comment was made on the dollar. The substantial impact of tariffs has already been transmitted through the US economy, and tariffs may lead to a one-off price increase. Most of the higher-than-expected inflation is due to tariffs rather than demand. Core PCE, excluding the impact of tariffs on goods, is slightly above 2%. The impact of tariffs on goods is expected to peak this year and then decline. The US unemployment rate has shown some signs of stabilization, and the labor market may be stabilizing after a gradual softening, with little change in hiring, job openings, and wage growth. Powell stated that if tariff inflation peaks and then declines, it would indicate that the Fed can ease policy. Tariff inflation is expected to peak in mid-2026. However, any re-emergence of downside risks in the labor market must also be monitored. The policy rate is within a reasonable range of the neutral rate, placing it in a favorable position to determine the magnitude and timing of additional rate adjustments. He reiterated that there is no predetermined path for policy and decisions will be made at each meeting. No one expects a rate hike at the next meeting, and a rate hike is not anyone's base case. He does not believe the Fed will lose its independence. If the Fed loses its independence, its credibility will be difficult to restore. He advised the next Fed chairman to distance himself from American politics.

Analysts: The Fed and Powell were clearly hawkish today, with inflation being the primary concern.

According to Jinshi News, Chris Grisanti, chief market strategist at MAI Capital Management in New York, stated that today's Federal Reserve statement and press conference were noticeably hawkish. The description of economic activity was upgraded from 'moderate' to 'solid,' while the wording regarding downside risks to employment was removed. At the press conference, Powell stated that after a period of weakness last year, the employment situation has 'stabilized.' Inflation, while stabilizing, remains 'slightly high.' Overall, the Fed's focus has shifted from unemployment to inflation. I don't think there will be a rate cut in the short term. Furthermore, given the strong market performance and continued economic strength, I believe a rate cut is unlikely in 2026, a stance more hawkish than current market expectations.

Bessant: The new Federal Reserve Chair may be announced in about a week.

According to a report by Yahoo Finance cited by Jinshi, U.S. Treasury Secretary Bessenter stated that Trump's nominee for Federal Reserve Chair may be announced in about a week.

South Korea's ruling party has finalized the "Digital Asset Basic Law," requiring stablecoin issuers to have a minimum capital of approximately US$3.5 million.

According to South Korean media reports, the ruling Democratic Party of Korea has finalized the name of its bill aimed at regulating the virtual asset market as the "Digital Asset Basic Law" and plans to submit it before the New Year holiday (Korean Lunar New Year). They have also agreed to set the minimum legal capital requirement for stablecoin issuers at 5 billion won (approximately US$3.5 million). However, sensitive issues such as the scope of authority of the Bank of Korea and restrictions on major shareholder holdings will be finalized after further coordination with the policy committee.

MegaETH public mainnet will launch on February 9th.

According to CoinDesk, Ethereum Layer 2 network MegaETH announced that its public mainnet will officially launch on February 9th. Positioned as a "real-time" blockchain for Ethereum, the project aims to achieve ultra-low latency and high transaction throughput, primarily targeting trading platforms, games, and other consumer-facing crypto applications.

Tesla's Bitcoin holdings remained unchanged in the fourth quarter, but it recorded a $239 million impairment loss on digital assets.

According to CoinDesk, Tesla's Q4 earnings report shows that its Bitcoin holdings remained unchanged at 11,509. The company recorded an after-tax impairment loss of approximately $239 million on digital assets due to the Bitcoin price falling from approximately $114,000 to $88,000 in the last three months of last year. The company's Q4 revenue was $24.9 billion, slightly below the expected $25.1 billion; adjusted earnings per share were $0.50, exceeding the expected $0.45. Tesla first disclosed holding 43,200 Bitcoins in February 2021, subsequently selling approximately 75% of its holdings near the bottom of the 2022 bear market. Its Bitcoin holdings have remained relatively stable since then. The current holdings are worth approximately $1 billion (based on the current Bitcoin price of $89,000).

Tether CEO: Plans to allocate 10% to 15% of portfolio to physical gold

According to Reuters, Tether CEO Paolo Ardoino stated that Tether plans to allocate 10% to 15% of its investment portfolio to physical gold. Previously, it was reported that stablecoin issuer Tether Holdings SA has become one of the largest players in the global gold market, holding approximately 140 tons of gold, worth about $23 billion, and is believed to be the largest known holder of physical gold outside of banks and nations. Tether CEO Paolo Ardoino revealed that the company is continuously purchasing gold at a rate of 1 to 2 tons per week, with the goal of establishing a long-term, stable physical gold reserve in a former Swiss nuclear bunker.

Coinbase prediction markets launched in all 50 US states via Kalshi.

According to The Block, Coinbase has expanded its prediction market service to all 50 states in the U.S. by partnering with Kalshi, a prediction market platform regulated by the CFTC. This follows a limited pilot launch of the service last month.

The Optimism community has passed an OP buyback proposal, under which 50% of Superchain's net revenue will be used for regular buybacks.

According to CoinDesk, the Optimism governance team passed a proposal with 84.4% of the votes in favor to use 50% of the net revenue from the Superchain sequencer to periodically repurchase OP tokens on the open market. This 12-month pilot program, launching in February, aims to directly link the value of OP tokens to the economic performance of Superchain. According to the proposal, the remaining revenue will still be used for ecosystem funding, grants, and operations. The OP tokens obtained from the repurchases will be deposited into the Optimism Collective treasury, and their subsequent use (such as staking, incentives, or burning) will be determined by future governance decisions. The foundation's executive director stated that this is an important step in expanding the role of OP tokens, helping to achieve synergy between token value and ecosystem development.

OpenAI's proposed social network may consider using Orb, an eye-scanning device from World.

According to The Block, citing Forbes, two projects co-founded by Sam Altman may merge to create a human-only social media platform. The report, citing anonymous sources, states that OpenAI's new social network team may use Orb, the eye-scanning device from World (formerly Worldcoin), to verify user authenticity, while also evaluating the feasibility of adopting biometric technologies such as Apple's Face ID. This strategy aims to leverage the success of ChatGPT and Sora to create a social platform free from bot accounts.

Uniswap will launch its auction feature on its web application on February 2nd.

According to an official announcement, Uniswap will launch an "Auction" tab on the "Explore" page of its web app on February 2nd. This feature supports the Continuous Clearing Auctions (CCA) protocol, allowing users to directly discover, bid on, and claim tokens within the interface. For new assets, this means users can participate in auctions before the token is officially listed for trading. For existing assets, this means teams can use the same mechanism to allocate supply and launch liquidity. CCA, as a permissionless protocol, aims to help teams distribute tokens, find reliable market prices, and launch liquidity.

Coinbase: Moonbirds (BIRB) spot trading will launch today.

According to an official announcement from Coinbase, spot trading of Moonbirds (BIRB) will launch on January 28th. If liquidity conditions are met and trading is supported, the BIRB-USD trading pair will open later today.

Coinbase has included Hyperliquid (HYPE) and Infinex (INX) in its listing roadmap.

According to an official announcement, Coinbase has added Hyperliquid (HYPE) and Infinex (INX) to its listing roadmap. Trading on these two tokens will require meeting market-making and technical requirements, and the specific timing is yet to be determined.

The White House will convene a meeting with banks and crypto companies in an effort to reach a compromise on legislation.

According to Reuters, the White House will convene a meeting this Monday with executives from the banking and cryptocurrency industries to push through a stalled crypto bill, which has been hampered by sharp disagreements between the two sides. The meeting will focus on provisions regarding stablecoin interest and other yields. The meeting will be chaired by the White House Crypto Advisory Council, with representatives from several industry organizations in attendance. Crypto companies argue that offering yields is crucial to attracting users, and restricting this would harm their competitiveness; the banking industry, however, is concerned that deposit outflows could threaten financial stability. A Standard Chartered report this week estimated that stablecoins could lead to approximately $500 billion in deposit outflows from the U.S. banking sector by the end of 2028. The bill aims to establish a federal regulatory framework for digital assets, and the House of Representatives passed its version last July. The Senate Banking Committee was originally scheduled to vote on it earlier this month, but it was postponed due to disputes over yield provisions and internal Republican disagreements on stablecoin terms. Analysts point out that this meeting highlights the Trump administration's urgent desire to pass the bill.

1inch denies that its team and vault sold tokens and plans to review its token economic model this year.

1inch issued a clarification statement regarding yesterday's market fluctuations, stating that no wallets controlled by its entities or teams, nor multi-signature accounts in its vaults, sold any 1INCH tokens. 1inch does not control tokens held by third parties or their trading decisions. Furthermore, 1inch Network plans to review its token economic model this year to further enhance its resilience during market downturns and periods of insufficient liquidity. Yesterday, according to Lookonchain monitoring, three 1INCH investor wallets collectively sold 36,360,000 1INCH tokens, cashing out approximately $5.04 million, causing the 1INCH price to drop by 16.7%.

Moonbirds (BIRB) listed on Binance Alpha.

According to an official announcement, Binance Alpha has listed Moonbirds (BIRB).

Binance Futures will delist several USDT-margined perpetual contracts, including 42 and COMMON, on January 30th.

According to the official announcement, Binance Futures will automatically liquidate the 42USDT, COMMONUSDT, CUDISUSDT and EPTUSDT U-margined perpetual contracts at 17:00 (UTC+8) on January 30, and will delist the above perpetual contract trading pairs after the liquidation is completed.

Binance Leverage will remove several BTC trading pairs, including KSM and SNX, on January 30.

According to the official announcement, Binance Margin will remove the following leveraged trading pairs on January 30, 2026 at 14:00 (UTC+8): Cross Margin Trading Pairs: KSM/BTC, SNX/BTC, ICX/BTC, DYDX/BTC, HIVE/BTC, 1INCH/BTC, MANA/BTC, LRC/BTC Isolated Margin Trading Pairs: KSM/BTC, SNX/BTC, ICX/BTC, SYS/BTC, DYDX/BTC, HIVE/BTC, AR/BTC, 1INCH/BTC, MANA/BTC, LRC/BTC Effective immediately, users will no longer be able to transfer assets from the above isolated margin trading pairs to their isolated margin accounts via manual or automatic transfers. Binance Margin will suspend isolated margin lending for the above pairs on January 28, 2026 at 14:00 (UTC+8).

Former PayPal president: Bitcoin price will surge to $1.5 million

According to Bitcoin Magazine, former PayPal president David Marcus stated that Bitcoin's price should reach $1.5 million. "This is bound to happen."

He Yi: Cathie Wood is not a Binance user. Binance does not serve Americans or US entities.

Binance CEO He Yi stated on the X platform that Cathie Wood is not a Binance user and that Binance does not serve Americans or U.S. entities.

He Yi: The FOMO of gold and silver is not surprising; the era of Bitcoin will eventually arrive.

Binance CEO He Yi stated on the X platform that the crypto industry is still in a relatively early stage, and volatility and controversy are inevitable. Due to the time lag effect, the era of Bitcoin (digital gold) will eventually arrive. "When you want to 'Exchange the world' and drive change, it's often accompanied by a lot of discussion, questioning, and differing opinions. This isn't unique to any one industry, but rather a recurring process in all structural changes throughout history. The discussions surrounding the crypto industry and Binance have complex origins, including emotional fluctuations caused by market cycles, as well as disagreements about different business competition, models, and stances. Compared to traditional assets that have undergone hundreds or even thousands of years of development and user education, the crypto industry is still in a relatively early stage, and volatility and controversy are inevitable. Standing at this historical turning point, the FOMO of gold and silver is not surprising; due to the time lag effect, our era of Bitcoin (digital gold) will eventually arrive."

Doppler, a token creation platform, has raised $9 million in seed funding, led by Pantera Capital.

According to The Block, Doppler, a token creation and issuance protocol platform, has completed a $9 million seed funding round. The round was led by Pantera Capital, with participation from Variant, Figment Capital, and Coinbase Ventures. The team revealed that the funding will be completed in the second quarter of 2025 through a simple future equity protocol with token rights. Doppler is one of two products under Whetstone Research, the other being Pure Markets. Doppler streamlines the processes of token deployment, liquidity launch, and governance through integrated interfaces, and employs a price discovery auction mechanism designed to limit sniping and generate protocol-owned liquidity on the first day. The Doppler platform creates over 40,000 assets daily, with a cumulative value exceeding $1.5 billion and a cumulative trading volume exceeding $1 billion.

Spot gold retreated quickly after surging to near $5,600, and is currently trading at $5,530 per ounce.

According to Jinshi, spot gold quickly retreated after surging to nearly $5,600, and is currently trading at $5,530 per ounce, with the daily gain narrowing to 2%.

Coinbase will launch Moonbirds BIRB perpetual contract trading on January 29th.

According to an official announcement, Coinbase will launch Moonbirds BIRB perpetual contract trading on January 29. If liquidity conditions are met and the region supports trading, the BIRB-PERP market will open at 00:30 (UTC+8) or later.

Bitmine has staked approximately 217,100 ETH in the past 24 hours, with a total staked value of $7.12 billion.

According to Onchain Lens monitoring, Bitmine has been gradually staking its ETH. In the past 24 hours, they staked 217,120 ETH, worth $651.77 million. To date, they have staked a total of 2,328,288 ETH, with a total value of $7.12 billion.

In the past 24 hours, a total of $279 million in contract liquidations occurred across the entire network, primarily affecting short positions.

According to CoinAnk data, in the past 24 hours, the total liquidation amount for cryptocurrency futures contracts across the entire network reached $279 million, including $61.1161 million in long positions and $218 million in short positions. The total liquidation amount for BTC was $83.2249 million, and for ETH it was $75.0594 million.

The USDC Treasury burned 95.15 million USDC tokens on Ethereum.

According to Whale Alert, the USDC Treasury destroyed 95,150,000 USDC (worth $95,191,295) on the Ethereum network.

Fidelity will launch FIDD, a stablecoin compliant with the GENIUS standard, on Ethereum.

According to Bloomberg, Fidelity will launch a GENIUS-compliant stablecoin, FIDD, on Ethereum. The Fidelity Digital Dollar (FIDD) will be issued by the Fidelity Digital Assets National Association, a national trust bank that received a conditional operating license from the Office of the Comptroller of the Currency last December.

CryptoQuant analyst: Rising Bitcoin loss supply may signal early stages of a bear market.

CryptoQuant analyst Woominkyu wrote that the market may be transitioning to a bear market structure rather than experiencing a temporary pullback within a bull market trend. Bitcoin's supply in losses (SALL) has started to rise again. Historically, this shift marks the early stages of a bear market, where losses begin to spread, no longer limited to short-term holders but gradually affecting long-term participants. In previous cycles (2014, 2018, 2022), this indicator rose before the actual market bottomed out, while prices continued to weaken. A true bottom only forms after a significant increase in supply in losses. Currently, the supply in losses is still far below historical capitulation levels, but its directional change is significant in itself.

BlackRock deposits over $160 million in Bitcoin and Ethereum into Coinbase.

According to Onchain Lens, BlackRock deposited 1,156.87 bitcoins worth $103.87 million and 19,644 ETH worth $59.23 million into Coinbase, and more may be deposited in the future.

Bitwise report: Corporate Bitcoin holdings reached 1.1 million coins in Q4 2025, with 19 new listed companies making purchases.

According to Cointelegraph, a Bitwise report shows that corporate Bitcoin holdings reached 1.1 million BTC, worth $94 billion, in the fourth quarter of 2025, with 19 new publicly traded companies joining the list.

The two whales increased their ETH holdings by approximately $89.1 million and $9.64 million respectively.

According to Onchain Lens monitoring, whales are accumulating large amounts of ETH. Among them, the whale "0x0C4" withdrew 29,665 ETH worth $89.1 million from OKX. This wallet currently holds 44,774 ETH, worth $135.13 million. An ETH staker withdrew 3,207 ETH worth $9.64 million from Gemini for staking.

Tether and the city of Lugano, Switzerland, will invest up to $6.3 million to expand their Bitcoin program.

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