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according to the Financial Times, with the record rise in gold prices, the gold held by Tether has appreciated by more than 5 billion US dollars. According to Jefferies Group's estimate based on Tether's disclosed data, as of the end of September, Tether held about 116 tons of gold, valued at approximately 14.4 billion US dollars at that time. At the end of September last year, the gold price was 3,858 US dollars per ounce, but driven by rising geopolitical uncertainties and investors flocking to safe-haven assets, it has now surged to over 5,200 US dollars, meaning Tether has realized an appreciation of more than 5 billion US dollars on this portion of its holdings.

[Jefferies: Tether's gold holdings have appreciated by over $5 billion]according to the Financial Times, with the record rise in gold prices, the gold held by Tether has appreciated by more than 5 billion US dollars. According to Jefferies Group's estimate based on Tether's disclosed data, as of the end of September, Tether held about 116 tons of gold, valued at approximately 14.4 billion US dollars at that time. At the end of September last year, the gold price was 3,858 US dollars per ounce, but driven by rising geopolitical uncertainties and investors flocking to safe-haven assets, it has now surged to over 5,200 US dollars, meaning Tether has realized an appreciation of more than 5 billion US dollars on this portion of its holdings.

Jefferies: Tether's gold holdings have appreciated by over $5 billion

according to market news: former PayPal president David Marcus stated that the price of Bitcoin should reach 1.5 million dollars.

[Former PayPal president: Bitcoin's price should reach $1.5 million.]according to market news: former PayPal president David Marcus stated that the price of Bitcoin should reach 1.5 million dollars.

Former PayPal president: Bitcoin's price should reach $1.5 million.

&nbsp;although the market unanimously expects the Federal Reserve to hold steady this week, it is believed that the general direction of the Fed's policy adjustment will still be a rate cut. However, Macquarie North America economists David Doyle and Chinara Azizova believe that the Fed's next move may be to raise the benchmark interest rate, possibly in the fourth quarter of this year. They pointed out that the Fed's benchmark interest rate may have reached a "normalized" level. Macquarie is not the only investment bank that believes the Fed's next rate adjustment will be a hike. Earlier this month, JPMorgan adjusted its expectations, forecasting that the Fed will maintain its target rate between 3.5% and 3.75% this year and will raise rates by 25 basis points in the third quarter of 2027.

[Macquarie: The Fed is expected to resume rate hikes in Q4 this year; benchmark interest rates may have already reached "normalization" levels.]&nbsp;although the market unanimously expects the Federal Reserve to hold steady this week, it is believed that the general direction of the Fed's policy adjustment will still be a rate cut. However, Macquarie North America economists David Doyle and Chinara Azizova believe that the Fed's next move may be to raise the benchmark interest rate, possibly in the fourth quarter of this year. They pointed out that the Fed's benchmark interest rate may have reached a "normalized" level. Macquarie is not the only investment bank that believes the Fed's next rate adjustment will be a hike. Earlier this month, JPMorgan adjusted its expectations, forecasting that the Fed will maintain its target rate between 3.5% and 3.75% this year and will raise rates by 25 basis points in the third quarter of 2027.

Macquarie: The Fed is expected to resume rate hikes in Q4 this year; benchmark interest rates may have already reached "normalization" levels.

Chris Turner, an analyst at ING, pointed out that the dollar sell-off may intensify. If the dollar index effectively breaks below last year's low near 96.2, the dollar could fall another 3%. It is crucial to pay attention to the dollar's performance before the Federal Reserve meeting, as the Fed turning to pause rate cuts may provide some support for the dollar. However, he emphasized that if any rebound is weak and the dollar closes lower on the day, it will signal a strong bearish indication. At the same time, earnings reports from Meta, Microsoft, and Tesla are also in focus; any results falling short of expectations could become another negative factor for the dollar, as U.S. consumption largely depends on stock market performance.

[ING: The US dollar may face further downward pressure.]Chris Turner, an analyst at ING, pointed out that the dollar sell-off may intensify. If the dollar index effectively breaks below last year's low near 96.2, the dollar could fall another 3%. It is crucial to pay attention to the dollar's performance before the Federal Reserve meeting, as the Fed turning to pause rate cuts may provide some support for the dollar. However, he emphasized that if any rebound is weak and the dollar closes lower on the day, it will signal a strong bearish indication. At the same time, earnings reports from Meta, Microsoft, and Tesla are also in focus; any results falling short of expectations could become another negative factor for the dollar, as U.S. consumption largely depends on stock market performance.

ING: The US dollar may face further downward pressure.

On January 28, according to Korean media reports, the ruling Democratic Party of Korea has finalized the name of its bill aimed at regulating the virtual asset market as the "Basic Digital Asset Act," and plans to submit it before the New Year holiday. They also agreed to set the minimum statutory capital requirement for stablecoin issuers at 5 billion won (approximately 3.5 million USD). However, sensitive issues such as the scope of authority of the Bank of Korea and restrictions on major shareholders' holdings will be finalized after further coordination with the Policy Committee.

[South Korea's ruling party has finalized the "Digital Asset Basic Law," requiring stablecoin issuers to have a minimum capital of approximately $3.5 million.]On January 28, according to Korean media reports, the ruling Democratic Party of Korea has finalized the name of its bill aimed at regulating the virtual asset market as the "Basic Digital Asset Act," and plans to submit it before the New Year holiday. They also agreed to set the minimum statutory capital requirement for stablecoin issuers at 5 billion won (approximately 3.5 million USD). However, sensitive issues such as the scope of authority of the Bank of Korea and restrictions on major shareholders' holdings will be finalized after further coordination with the Policy Committee.

South Korea's ruling party has finalized the "Digital Asset Basic Law," requiring stablecoin issuers to have a minimum capital of approximately $3.5 million.

&nbsp;according to market news: Strategy ($MSTR) CEO Phong Le has officially joined the X platform, account @phongle.

[Strategy ($MSTR) CEO Phong Le has officially joined the X platform.]&nbsp;according to market news: Strategy ($MSTR) CEO Phong Le has officially joined the X platform, account @phongle.

Strategy ($MSTR) CEO Phong Le has officially joined the X platform.

&nbsp;according to Onchain Lens monitoring, BitMine has staked 62,304 ETH again, worth approximately 186.4 million USD. The company has currently staked a total of 2,328,288 ETH, with a total value of about 6.96 billion USD.

[BitMine has staked another 62,304 ETH, bringing its total staked amount to 2.328 million ETH.]&nbsp;according to Onchain Lens monitoring, BitMine has staked 62,304 ETH again, worth approximately 186.4 million USD. The company has currently staked a total of 2,328,288 ETH, with a total value of about 6.96 billion USD.

BitMine has staked another 62,304 ETH, bringing its total staked amount to 2.328 million ETH.

&nbsp;US chip stocks generally rose in pre-market trading, with Nvidia up 1.7%, AMD up 1.4%, Intel up 4.6%, Advanced Micro Devices up 1.9%, Micron Technology up 4.4%, and Broadcom up 1.5%.

[US chip stocks generally rose in pre-market trading, with Intel up 4.6%.]&nbsp;US chip stocks generally rose in pre-market trading, with Nvidia up 1.7%, AMD up 1.4%, Intel up 4.6%, Advanced Micro Devices up 1.9%, Micron Technology up 4.4%, and Broadcom up 1.5%.

US chip stocks generally rose in pre-market trading, with Intel up 4.6%.

&nbsp;according to BitcoinTreasuries.NET monitoring, Japanese listed clothing company ANAP Holdings (3139.T) has newly purchased 70.44 bitcoins, and the company currently holds a total of 1,417.03 bitcoins.

[Japanese-listed apparel company ANAP Holdings increased its holdings by 70.44 bitcoins.]&nbsp;according to BitcoinTreasuries.NET monitoring, Japanese listed clothing company ANAP Holdings (3139.T) has newly purchased 70.44 bitcoins, and the company currently holds a total of 1,417.03 bitcoins.

Japanese-listed apparel company ANAP Holdings increased its holdings by 70.44 bitcoins.

According to CoinDesk, there has been a clear weakening of the correlation between the S&P 500 equity index and bitcoin (BTC) as crypto markets suffer after the FTX and Alameda collapse, Citi (C) said in a research report last week.
The S&P 500 gained almost 6% last week, whereas bitcoin fell around 20%.
Traditional financial markets have been largely unaffected by the collapse, in an indication that “contagion effects are relatively siloed within crypto,” the report said.

Detail

【Citi: Correlation between equity markets, Bitcoin weakens following FTX collapse】According to CoinDesk, there has been a clear weakening of the correlation between the S&P 500 equity index and bitcoin (BTC) as crypto markets suffer after the FTX and Alameda collapse, Citi (C) said in a research report last week.
The S&P 500 gained almost 6% last week, whereas bitcoin fell around 20%.
Traditional financial markets have been largely unaffected by the collapse, in an indication that “contagion effects are relatively siloed within crypto,” the report said.

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Article

The Bloomberg Dollar Spot Index hit its lowest level since March 2022.

The Hong Kong Securities and Futures Commission (SFC) has added "R-Coin Wallet/R-Wallet/Jumanjin" to its list of suspicious virtual asset trading platforms.

Citi: Correlation between equity markets, Bitcoin weakens following FTX collapse

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