Market Performance
| Asset / Index | Value ($) | Daily Change (%) |
|---|---|---|
| Bitcoin (BTC) | 89,232.0 | +0.91% |
| Ethereum (ETH) | 2,966.86 | +1.03% |
| Bitcoin Spot ETF | -479.70M | Net Outflow |
| Ethereum Spot ETF | -230.0M | Net Outflow |
| Nasdaq (NAS100) | 25,077.3 | +0.31% |
| S&P 500 (SPX) | 6,796.87 | -2.06% |
| Russell 2000 (RUT) | 2,660.4 | +0.42% |
| U.S. Dollar Index (DXY) | 98.237 | +0.03% |
| VIX Volatility Index | 20.09 | +6.63% |
| U.S. 10-Year Yield | 4.28951 | +1.45% |
| Brent Crude Oil (BRENT) | 64.187 | +0.09% |
| LBMA Gold (XAU) | 4,855.50 | +1.94% |
| LBMA Silver (XAG) | 94.584 | +0.22% |
“Prepared at UTC 07.57 am”
Today’s Key Events
- President Trump Expected to Speak at Davos
- US Supreme Court to Hear Lisa Cook Case
- WEF Day Three to Follow
- HBAR Network Upgrade
- Plume Token Unlock
Trump Holds Press Conference
The topic of Greenland was central to US President Donald Trump’s press conference. Trump stated that numerous meetings on Greenland were planned in Davos, responding to the question of how far he would go with “you’ll see in time.” He argued that the Greenlandic people would be pleased when spoken to and claimed that the outcome would also satisfy NATO. On Iran, he said, “We have to see what happens,” not completely ruling out military action. During the meeting, selling accelerated in the markets, with losses in the S&P 500 and Nasdaq 100 indices reaching 2%.
Sharp Movement in Japanese Bonds
Yields rose sharply as Japan’s long-term government bonds (JGBs) fell. Yields on 30- and 40-year JGBs rose more than 25 basis points during the day, with the 40-year yield rising above 4%. This movement was also reflected in US bonds, with the US 10-year bond yield rising 8 basis points to 4.29%. Japan’s Finance Minister said that the budget’s dependence on borrowing has decreased and that this will stabilize the bond market. He also emphasized that long-term fiscal discipline will be maintained.
US-EU Tensions Mount
- U.S. Treasury Secretary Bessent denied rumors that Europe could sell U.S. Treasury bonds and said the new Fed chair could be announced soon.
- Danish pension fund AkademikerPension announced plans to exit U.S. bonds, citing concerns about the U.S.’s fiscal sustainability.
- The European Parliament froze the approval process for the US-EU trade agreement. Trump’s announcement that he would not attend the G7 meeting in Paris also heightened tensions.
- The Prime Minister of Greenland said that the risk of military occupation was low but that the threats did not completely eliminate the risk of conflict.
US-China Trade Talks
US Trade Representative Greer announced that a new round of talks with China could take place ahead of the leaders’ meeting in April. As part of the World Economic Forum, Greer and Bessent held informal talks with Chinese Vice Premier He Lifeng. It was stated that the goal of the talks was to reach an agreement on non-sensitive areas. Bessent said China was largely complying with the soybean purchase agreement. It was stated that the compliance rate for rare earth magnets was approximately 90%.
Supreme Court Decision Postponed
The US Supreme Court once again failed to announce its decision in Trump’s tariff case. The process has been prolonged due to the court’s four-week recess. According to the traditional calendar, the next possible decision date for the case is February 20. This uncertainty keeps the perception of risk regarding trade policies alive. Markets continue to closely monitor developments regarding the timing of the decision.
US Bitcoin Reserve Plan
U.S. Treasury Secretary Scott Bessent announced that the U.S. will continue to advance its strategic Bitcoin reserve plan. Speaking at the World Economic Forum in Davos, Bessent said that seized Bitcoins will be included in the digital asset reserve after legal proceedings. He stated that the first step in creating a Bitcoin reserve is to stop Bitcoin sales. He indicated that this step has already been taken and that reserves can be increased.
Call for a Crypto Market Law
Patrick Witt, Executive Director of the Digital Asset Advisory Council, said that a crypto market structure law needs to be enacted. Witt stated that it is unrealistic for a trillion-dollar industry to operate without comprehensive regulation. He emphasized that in the current political environment, there is a crypto-friendly president, a balanced Congress, and regulatory agencies. He stated that while the CLARITY Act is not perfect, a compromise is needed to secure 60 votes in the Senate.
Digital Asset Transparency Act
The CFTC Chairman said Congress is close to passing the “Digital Asset Market Transparency Act.” The statement indicated that a special regulatory framework will be prepared for the strong development of digital asset markets in the US. It was stated that the law aims to bring clarity to the market structure. The regulation is intended to support sectoral growth.
Vanguard MSTR Purchase
Two funds affiliated with the Vanguard Group purchased MicroStrategy ($MSTR) shares worth a total of $707.50 million. The Vanguard Value Index Fund (VVIAX) made its first investment in the company by adding 1.23 million shares to its portfolio for $202.50 million. Previously, the Vanguard Mid-Cap Index Fund (VMCIX) purchased 2.91 million shares worth $505.00 million after MicroStrategy was included in the index. The company holds 687,410 $BTC.
Solana Stablecoin Volume
Solana developers announced that the stablecoin transaction volume processed on the Solana network throughout 2025 exceeded $1 trillion. The network’s sub-millisecond settlement time, low transaction fees, and parallel execution capabilities were highlighted. A comprehensive payment development document covering sending, receiving, processing, and proxy payments was published. This step has lowered the threshold for building payment systems on Solana.
Sei Bhutan Partnership
Sei Development Foundation announced a partnership with Druk Holding and Investments Ltd (DHI), the sovereign wealth fund of the Kingdom of Bhutan. As part of the partnership, a $Sei validation node will be deployed in Bhutan. The project is expected to be operational in the first quarter of 2026. It was stated that the work aims to develop blockchain infrastructure, asset tokenization, and fintech applications.
Ripple President Monica Long on Corporate Crypto Adoption
Ripple President Monica Long said they expect approximately 50% of Fortune 500 companies to own crypto assets by the end of 2026. It was noted that companies will implement official strategies involving tokenized assets, on-chain bonds, and stablecoins. It was stated that stablecoins have become the global exchange infrastructure. It is predicted that 5-10% of capital market transactions could be moved on chain.
Lens Management Transfer
Stani Kulechov, founder of Aave and Lens Protocol, announced that the management of Lens Protocol will be transferred to the Msak Network team. It was stated that Lens’ social core module will remain open source. The former team will continue in a technical advisory role. It was stated that they will continue their work in the DeFi field.
Pendle Staking Debate
Blockworks researcher Kunal Doshi shared his assessment of Pendle’s new staking mechanism, sPENDLE. It was noted that while current andPNDLE staking users earn 16-24% returns, new stakers earn 5-7% returns. It was reported that the average PNDLE lock-up period is 1.54 years and that there is a 3.31x increase in returns when converting to sPENDLE. It was stated that the incentive structure limits new staking demand.
