Key Overnight Developments in the Crypto Market
Below are the main updates from the crypto and broader financial sectors between January 18 evening and early the next morning:
- BlackRock Executive Emerges as Fed Chair Contender
BlackRock's Rick Rieder has increasingly become a prominent name in the race for the Federal Reserve Chair position, drawing significant market attention. - Euro Tokenized Assets Hit Record High
The market cap of euro-backed tokenized assets has surpassed $1.1 billion, marking a significant milestone in the convergence of traditional finance and blockchain technology. - Major Fed Liquidity Injection Planned
The Federal Reserve announced plans to inject $55.36 billion in liquidity into markets over the next three weeks, a move likely to benefit crypto assets. - Trump Denies Ever Offering Fed Chair Role to JPMorgan CEO
Former U.S. President Trump publicly denied ever offering the Federal Reserve Chair position to JPMorgan CEO Jamie Dimon. - Ethereum Could Stay Bullish in Q1
Analyst James Wynn highlighted Ethereum's strength, suggesting the network could maintain a bullish trend through the first quarter. dYdX Unveils Annual Ecosystem Growth
A leading decentralized exchange released its annual report, showing cumulative trading volume surpassed $1.55 trillion. The platform also announced expanding buybacks to 75% of net revenue.
These developments offer critical insights for crypto market participants, highlighting the need to monitor regulatory and market shifts closely.