Market Update for Wednesday, January 28

- Gold and silver are seeking new highs. Bitcoin has increased slightly from $87,000 to $89,000, and altcoins are showing some improvement.
- The US dollar index has dropped to its lowest level in nearly four years following a surprising announcement from former President Trump.
- The Federal Reserve will announce its January interest rate decision at 2:00 AM tomorrow, with a 97.2% expectation that rates will remain unchanged.

ETF Spot Update as of January 27
- Bitcoin is down $44.6 million, with no data from BlackRock.
- Ethereum is down $4.6 million, with no data from BlackRock.
- Solana is up $1.9 million.

- The European Union and India have signed an agreement to eliminate most tariffs to reduce dependence on the US.
- South Dakota has reintroduced a bill allowing a 10% investment of public funds into Bitcoin, after it was previously shelved last year.
- Australia has classified crypto, AI, and payments as "legally gray areas," prioritizing the need for regulatory clarity by 2026.
- Morgan Stanley has begun to establish a crypto team, starting with department head Amy Oldenburg.
- Tether has launched USA₮, a stablecoin designed specifically for the US market under the GENIUS Act framework.
- Nomura's Laser Digital has applied for a banking license in the US to offer crypto spot services.
- Crypto payment network Mesh has raised an additional $75million from Dragonfly and Paradigm, bringing its total funding to $200 million.