Midday Highlights
On January 26th, the market spotlight was on precious metals, regulatory movements in Asia, and significant shifts in the decentralized finance (DeFi) space.
- Silver Prices Surge: Spot silver surpassed $109 amid increased investor demand as a hedge against inflation.
- Rising Risk of USD/JPY Intervention: Analysts suggest that coordinated intervention between the US and Japan to stabilize the yen is becoming more likely.
- Japan Advances Crypto Regulation: Japan may approve spot crypto ETFs as early as 2028, signaling long-term confidence in digital assets.
- Fed Signals Yen Intervention: A weakening dollar trend could benefit Bitcoin and other cryptocurrencies, drawing investor attention.
- SocialFi Narrative Collapses: The once-promising SocialFi sector has seen most platform tokens lose over 90% of their value.
- Trump Family Expands Crypto Holdings: Donald Trump’s son revealed his company holds over $500 million in cryptocurrencies, showing continued political interest in the sector.
- Vitalik Revisits ZK Technology: The Ethereum co-founder revisited the 'cabin in the mountains' concept, highlighting how zero-knowledge proofs are reshaping blockchain trade-offs.