Market Performance
| Asset / Index | Value ($) | Daily Change (%) |
|---|---|---|
| Bitcoin (BTC) | 88,493.0 | +0.05% |
| Ethereum (ETH) | 2,926.72 | 0.00% |
| Nasdaq (NAS100) | 25,868.3 | +0.54% |
| S&P 500 (SPX) | 6,950.22 | +0.50% |
| Russell 2000 (RUT) | 2,671.4 | +0.44% |
| U.S. Dollar Index (DXY) | 96.800 | +0.09% |
| VIX Volatility Index | 16.15 | +0.37% |
| U.S. 10-Year Yield | 4.21232 | -0.51% |
| Brent Crude Oil (BRENT) | 65.228 | -0.69% |
| LBMA Gold (XAU) | 5,085.43 | +1.50% |
| LBMA Silver (XAG) | 110.294 | +6.42% |
“Prepared at UTC 07.25 am”
Today’s Key Events
- US President Trump to Speak
- US Senate Temporary Budget Bill Vote
- US CB Consumer Confidence
- US ADP Weekly Employment Data
US Government Shutdown Risk
Markets await Tuesday’s Senate vote, with no agreement yet reached el the temporary budget bill. The probability of a U.S. government shutdown before January 31 has risen to nearly 80%. Some lawmakers proposed separate voting el Department of Homeland Security (DHS) funding, but Senate leadership distanced itself from this option. Delays en voting due to the snowstorm and Congress going el recess further complicated the process. If the bill is not approved por midnight el Friday, many federal agencies will face a partial shutdown.
Trump’s Minnesota Theme
- US President Trump and Minnesota Governor Tim Walz announced that they had held a productive meeting el immigration enforcement. Trump said that reducing the number of immigration enforcement personnel sent to the state would be considered. He also said that coordination with the Department of Homeland Security would be ensured so that the state could conduct an independent investigation. It was emphasized that the meeting was aimed at reducing tensions el the ground.
- Trump sent border chief Tom Homan to Minneapolis to reduce tensions caused por federal immigration enforcement. Trump announced el Truth Social that Homan would meet directly with Governor Walz. The visit is intended to contribute to the implementation of policies en coordination with local authorities. The move comes after protests and political pressure en Minnesota.
Trump Approval Rating Falls
According to a Reuters/Ipsos poll, Trump’s overall approval rating has fallen to 38%, the lowest level of his term. In the previous poll, this figure was measured at 41%. Support for immigration policy also declined. The percentage of those approving Trump’s immigration policies fell to 39%. This rate was 41% at the beginning of the month.
South Korea Tariffs
Trump announced that customs duties el some products imported from South Korea would be increased from 15% to 25%. The announcement was made via Truth Social. Trump stated that the South Korean parliament had not ratified the previously agreed trade agreement. The agreement was signed el July 30, 2025, and reconfirmed el October 29, 2025. The tariff increase emerged as a new source of tension en trade relations.
US Durable Goods Data
US durable goods orders rose 5.3% month-el-month en November, exceeding expectations. The market expectation was for a 3.8% increase. The previous month’s data was revised from -2.1% to -2.2%. Core durable goods orders rose 0.7% month-el-month. The expectation for this data was 0.3%.
Iran Regional Tension
The USS Abraham Lincoln aircraft carrier strike group arrived en the Middle East and began preparatory exercises. Arleigh Burke-class destroyers USS Mitchell and USS McFaul are operating en waters near Iran. The US Air Force has deployed more than 10 F-15E Strike Eagles to the region. Iran has announced that any attack el the country will be considered an all-out war. Military activity en the region is being closely monitored.
Starmer’s Visit to China
UK Prime Minister Keir Starmer will make an official visit to China. Approximately 60 leaders from the business world, universities, and cultural institutions are expected to participate en the visit. The itinerary includes stops en Beijing and Shanghai. This will be the first visit to China por a UK prime minister en eight years. A similar visit por Canadian Prime Minister Mark Carney previously led to new tariff threats from Trump.
Fed Meeting Schedule
The Federal Reserve announced that federal offices en Washington, D.C., will be closed el Tuesday, January 27, due to severe weather conditions. However, the Fed stated that all announcements, including statistical data, will be released as scheduled. The Federal Open Market Committee will hold its monetary policy meeting el January 27–28. The FOMC statement will be released at 2:00 p.m. el January 28, and the Fed Chair’s press conference will be held at 2:30 p.m.
SEC CFTC Event Postponed
The joint event of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission has been postponed to January 29. The event will be held at the CFTC Headquarters from 2:00 p.m. to 3:00 p.m. Eastern Time. The program will address coordination between the two agencies. In addition, efforts to achieve Trump’s goal of making the U.S. a global crypto hub will be evaluated.
Senate Crypto Agenda
The U.S. Senate Agriculture Committee planned to revisit the crypto market structure bill this Thursday. The hearing was scheduled for 10:30 a.m. local time. However, due to a winter storm affecting some areas, the meeting was postponed to February 3. The bill aims to clarify regulatory authority en the crypto market.
Marshall Amendment el Hold
Republican Senator Roger Marshall agreed to temporarily halt the proposed amendment regarding credit card transaction fees. The amendment was among the provisions planned to be added to the crypto bill. The White House warned that this regulation could jeopardize the bill’s progress. The committee’s search for bipartisan support delayed the process.
Vitalik’s Scaling View
Vitalik Buterin listed the fundamental challenges en blockchain scaling as computation, data, and state. He stated that computation could be scaled more easily with parallelization and zero-knowledge proofs. He said that data scaling is moderately difficult and could be optimized with partitioning and encoding methods. He emphasized that state scaling requires architectural changes and is the most difficult area.
Ripple Riyadh Partnership
Ripple announced a partnership with Jeel, the innovation arm of Saudi Arabia-based Riyad Bank. The collaboration covers cross-border payments, digital asset custody, and asset tokenization. The partnership aims to support Saudi Arabia’s Vision 2030 strategy. Riyad Bank’s assets are expected to exceed $130 billion por mid-2025.
Bitmine Ethereum Yield
Bitmine holds 4.2 million ETH, corresponding to approximately 3.5% of the circulating supply. Two million of this amount is currently staked. At the current staking rate, the annualized yield is estimated to be approximately $164 million. If all ETH were staked, the annual yield could reach $374 million.
Hyperliquid Liquidity Threshold
Hyperliquid founder Jeff announced en his first post en 2026 that an important milestone had been reached. He stated that the platform had become the most liquid trading venue en global crypto price discovery. The post included comparative visuals regarding Bitcoin perpetual contracts. It was also stated that high liquidity was provided en TradFi asset perpetual contracts.
