Market Performance
| Asset / Index | Value ($) | Daily Change (%) |
|---|---|---|
| Bitcoin (BTC) | 89,569.0 | -0.01% |
| Ethereum (ETH) | 2,945.13 | -0.14% |
| Nasdaq (NAS100) | 25,570.6 | +0.33% |
| S&P 500 (SPX) | 6,913.36 | +0.55% |
| Russell 2000 (RUT) | 2,724.7 | +0.16% |
| U.S. Dollar Index (DXY) | 98.088 | +0.16% |
| VIX Volatility Index | 15.64 | -7.46% |
| U.S. 10-Year Yield | 4.25226 | -0.09% |
| Brent Crude Oil (BRENT) | 64.473 | -0.05% |
| LBMA Gold (XAU) | 4,952.81 | +0.35% |
| LBMA Silver (XAG) | 98.738 | +2.86% |
“Prepared at UTC 07.43 am”
Today’s Key Events
- WEF Day Five
- US January Consumer Confidence Index
US GDP at Peak
Data released on the US economy showed growth in the third quarter reached its highest level in two years. Final readings for real GDP and personal consumption expenditures were in line with or slightly above expectations. PCE and core PCE data, which are inflation indicators, were in line with forecasts. In the labor market, initial and continuing jobless claims were below expectations. The data released indicated that economic activity remained strong.
- US Q3 real GDP final (SAAR) +4.4%, forecast +4.3%, initial +4.3%, previous +3.8%
- US Q3 real personal consumption final (SAAR) +3.5%, forecast +3.5%, initial +3.5%, previous +2.5%
- US Q3 Core PCE Price Index (SAAR) final +2.9%, forecast +2.9%, initial +2.9%, previous +2.6%
- US November PCE price index annual +2.8%, monthly +0.2%
- US November core PCE price index annual +2.8%, monthly +0.2%
- US initial jobless claims for the week ending January 17: 200,000
- US continuing jobless claims for the week ending January 10: 1.849 million
US-EU Tensions Easing
Markets observed continued easing of tensions between the US and the EU as the Greenland framework agreement was anticipated. The European Parliament restarted the approval process for the US-EU trade agreement. It was stated that a preliminary vote could take place in the coming days. Parliamentary approval was described as the final step for the agreement to enter into force.
Trump’s Greenland Message
US President Donald Trump said that if Europe sells US bonds or other assets, there will be harsh retaliation. Trump stated that progress will be made on Greenland within two weeks. He said that the US will have full access to Greenland but will not pay for it. The statements highlighted expectations regarding the Greenland process.
NATO Arctic Talks
NATO Secretary General Rutte said the process in Greenland focused on Arctic regional security rather than sovereignty disputes. He stated that the talks addressed practical security needs and aimed to prevent Russia and China from establishing a presence in the region. European officials reported that the framework agreement covered the deployment of US missiles and the strengthening of NATO’s presence. It was also stated that mining rights aim to limit China’s interests.
Denmark US Theme
Denmark announced that it has begun working with the US and is participating in framework talks in close coordination with Greenland. The announcement revealed that the negotiations are officially progressing. It was stated that the parties are continuing their contacts. It was emphasized that the process is being conducted multilaterally.
US Budget Package Approval
The US House of Representatives approved the 2026 fiscal year appropriation package. The package was seen as one of the steps to prevent the government shutdown. It was stated that the bills financing defense, homeland security, transportation, health, education, and other agencies would be sent to the Senate. The Senate is expected to discuss the bills before the January 30 deadline. If approved, the government will be funded until the end of the fiscal year.
WSJ Cuba Allegation
The Wall Street Journal wrote that the Trump administration could take steps to overthrow the Cuban regime by the end of the year. The report stated that the US was trying to establish contact with sources within the Cuban government. It was reported that a possible military intervention in Venezuela is seen as a warning to Cuba. It was stated that the US aims to put pressure on the island’s economy by cutting off oil supplies from Venezuela to Cuba.
SEC and CFTC Coordination
US SEC Chairman Paul Atkins announced that the SEC and CFTC will meet next week to discuss coordination on crypto regulations. Atkins stated that he will participate in an event jointly organized by the two agencies with CFTC Chairman Mike Selig. Regulatory cooperation topics in the field of crypto assets will be discussed at the event. Atkins said that joint steps will be taken in line with Trump’s goal of making the US a global crypto center. It was reported that the event will be held at the CFTC headquarters, open to the public and broadcast online.
Kansas Bitcoin Reserve Bill
U.S. Kansas Senator Craig Bowser introduced a bill that would transfer dormant digital assets that have been inactive for three years to the state government. The bill aims to establish a “Bitcoin and Digital Asset Reserve Fund” to be managed by the state. Digital assets held in custody that remain inactive for three years despite notification will be transferred to the state. While transferring Bitcoin to the state’s general fund is prohibited, it is planned to be preserved as a long-term reserve asset. It was stated that 10% of digital assets other than Bitcoin could be directed to the general fund.
Japan Keeps Interest Rates Unchanged
The Bank of Japan kept its policy interest rate unchanged at 0.75%, in line with market expectations. The decision was said to be due to uncertainties regarding fiscal policy, inflation, and geopolitical risks. The decision to keep short-term interest rates unchanged was approved by a vote of 8 to 1. Member Takada Hajime argued that price stability had largely been achieved and proposed raising the rate to 1.0%. It was noted that markets were cautious about forward-looking messages from the Bank.
Trump’s Lawsuit Against JPMorgan
US President Donald Trump filed a $5 billion lawsuit against JPMorgan Chase, saying he entered the crypto sector because of “debanking.” Trump claimed that the bank refused to provide financial services to him and his companies for political reasons. The lawsuit also includes JPMorgan CEO Jamie Dimon. The Trump family claimed that they were blacklisted by major banks and therefore turned to the crypto space. It was reported that World Liberty Financial, which the family supports, applied for a banking license this month.
SEC Crypto Lawsuits Declined
It was reported that enforcement actions related to crypto declined by 60% in 2025 during Paul Atkins’ tenure as SEC chairman. According to a Cornerstone Research report, only 13 crypto lawsuits were filed in 2025. This number represents a significant drop compared to the 33 lawsuits filed in 2024. It was noted that most of the lawsuits filed focused on fraud allegations. Total fines were reported to be $142 million, which is less than 3% of the 2024 level.
Tax Threat to Trade with Iran
US President Trump announced that any country trading with Iran would be subject to a 25% customs duty. It was stated that the measure would come into effect soon. The announcement signaled that the US’s policy of economic pressure on Iran would continue. No details were shared on which sectors would be covered by the tax decision.
Senate Cryptocurrency Bill Deadlock
The US Senate Agriculture Committee published the latest version of the cryptocurrency market regulation bill. Committee Chairman John Boozman said that although progress had been made on the bill, disagreements remained on key policy issues. It was noted that at least 60 votes were needed for the bill to pass the Senate. The Banking Committee indicated that the process has slowed down. The review session is expected to take place in the Agriculture Committee next week.
Vote on Venezuela Military Authority
The U.S. House of Representatives did not pass a resolution aimed at limiting Trump’s ability to use military force against Venezuela without congressional approval. The vote was 215 to 215. While the vast majority of Republicans opposed the resolution, all Democrats voted in favor. The result highlighted differences of opinion within Congress regarding foreign policy powers. A similar measure had previously failed to pass in the Senate.
SpaceX Prepares for Super IPO
SpaceX has reportedly agreed with four major banks for an IPO that is expected to be one of the largest in history. According to the Financial Times, Bank of America, Goldman Sachs, JPMorgan, and Morgan Stanley were selected as lead banks. It was reported that the company has been in intensive talks with investment banks in recent weeks. SpaceX’s current valuation is said to be around $800 billion. It was emphasized that the IPO plans have not yet reached the final stage.
Railgun Usage Breaks Record
It has been reported that the use of Ethereum’s privacy protocol Railgun has reached record levels. According to Etherscan data, the daily number of shield transactions reached a new peak of 328. Railgun enables transfers and DeFi interactions protected by zero-knowledge proofs. It was noted that the increase in usage has accelerated recently. This development demonstrates the interest in privacy-focused applications within the Ethereum ecosystem.
