Crypto Industry Highlights | Key Updates on January 23

Latest Industry Updates

During the overnight hours of January 23, the crypto and financial markets saw a wave of key developments. Here’s a summary of the major news:

• Kansas introduced a Bitcoin strategic reserve plan aimed at diversifying the state's financial assets.

• Initial jobless claims in the US rose by 200,000 last week, signaling some volatility in the labor market.

• Superstate, a blockchain-based IPO platform, successfully raised $82.5 million in its latest B funding round.

• Markets are closely watching the speculation around BlackRock executive Riddell as a potential Federal Reserve Chair candidate.

• The SEC and CFTC announced plans to enhance their collaboration on crypto regulation.

• Donald Trump confirmed that interviews for the Fed Chair position have concluded and a decision will be announced soon.

• A leading crypto startup secured $40 million in Series C funding, with Blockstream Capital leading the round.