1. Market Sell-off: Trade war fears have triggered a synchronized decline in risk assets, with crypto and US stocks falling together. BTC broke below $90,000 and ETH dropped below $3,000. Meanwhile, Japanese bond yields soared, and Gold and Silver hit new highs.

2. Strategy Buys BTC: Strategy (MicroStrategy) has once again increased its BTC holdings significantly, purchasing 22,305 coins for approximately $2.13 billion—one of its largest acquisitions in the last nine months.

3. BitMine Treasury: BitMine (BMNR) disclosed a massive ETH treasury and staking position, holding approximately 4.2 million ETH with over 40% staked.

4. HK Regulation: Financial Secretary Paul Chan stated at the WEF Annual Meeting that Hong Kong expects to issue stablecoin licenses later this year.

5. CFTC "Future Proof": Trump's newly appointed CFTC Chairman, Mike Selig, announced the launch of a "Future Proof" plan. This initiative aims to establish a regulatory framework for crypto assets and financial innovations through formal procedures, ensuring rules are stable and resistant to reversal by future administrations.

6. US Economy: The US Commerce Secretary stated that interest rates are too high and predicted that US GDP growth in Q1 2026 could exceed 5%.

7. Stablecoin Supply: Tether and Circle minted a combined total of approximately $1.5 billion in stablecoins over the past 24 hours.

8. PayPal Tax Service: PayPal announced free self-service tax filing for its debit card users. Starting from the 2025 tax year, users must report digital asset disposal gains to the IRS; relevant forms will be sent by February 15.

9. Crypto Payments: Usage of crypto-native payment cards saw significant growth from December 2024 to mid-January 2026. Daily transactions surged approximately 22x to nearly 60,000, corresponding to a daily processing volume of about $4 million.

10. RWA Gold: Tokenized gold trading volume reached $178 billion last year, outperforming the majority of comparable Gold ETFs.

Macroeconomic Policy

Trump Pressures EU on Tariffs; US Economic Outlook Optimistic Amid Underlying Risks

• Trump Threatens Alternatives: Donald Trump reiterated that if his tariff agenda is blocked, he will employ alternative measures—such as licensing systems—against the EU, and did not rule out the forceful acquisition of Greenland.

• EU Retaliation: The European Parliament has frozen the ratification of the US-EU trade agreement in response to Trump's threat of a 10% tariff.

• GDP & Warnings: US Commerce Secretary Howard Lutnick projects Q1 GDP growth to exceed 5%—potentially reaching 6% with rate cuts—while warning the EU against retaliation.

• Labor Market Cooling: ADP data indicates that weekly job gains have slowed to an average of 8,000, signaling a deceleration in hiring momentum.

Market Impact: Escalating tariffs could reignite a global trade war, dragging down equities and amplifying economic uncertainty, though expectations of interest rate cuts may cushion some of the negative impact.

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