Midday Market Highlights
On January 23, 2025, several key developments shaped global markets, spanning the cryptocurrency sector, precious metals, and macroeconomic trends.
- India’s U.S. Treasury Holdings Fall to Five-Year Low: Shifting economic strategies have led India to reduce its U.S. bond holdings to the lowest level in five years.
- Ethereum Mainnet Outpaces Layer-2 Networks：Daily active addresses on the Ethereum mainnet have surpassed those on all Layer-2 solutions, signaling strong network growth.
- Spot Silver Surges Past $99: The precious metal has gained over 38% in the first month of 2025, drawing renewed investor attention.
- Bitcoin Hashrate in Prolonged Decline: The longest drop since spring 2024 raises questions about miner confidence and network health.
- BoJ Policy Outlook Uncertain: Only one committee member supports rate hikes, making Governor Kazuo Ueda’s stance critical for yen direction.
- Stablecoins Gain Traction in Emerging Markets: According to S&P Global, stablecoin volumes in some countries could reach up to 20% of traditional bank deposits.
- Vitalik Buterin on Decentralized Social Media: Emphasizes the importance of decentralized platforms and explores on-device large language model deployment.