Rewards Hub I. Crypto Market Overview
Key Takeaways
1.
Macro Environment
The Federal Reserve is expected to keep rates steady, supporting crypto liquidity. US-China and US-Korea trade tensions are rising, increasing global market volatility. Regulatory clarity advances as the SEC and CFTC prepare a joint event on digital asset oversight.
2.
Crypto Market
3.
Today's Outlook
Fear and Greed Index
6.00% Annual Percentile
29 Fear
Total Crypto Market Cap
$2.97T
Total Market Trading Volume
$109.57B
Altcoin Season Index
63.64%
Quarterly Percentile
30 / 100
Total Futures Market Open Interest
3.63B
Futures
596.88B
Perpetuals
II. Industry Updates
Macro-economic Policies
1.
The Federal Reserve is widely expected to keep interest rates unchanged at its January 27–28 meeting, maintaining the federal funds rate at 3.50%–3.75%. This policy pause, following three cuts in late 2025, signals a cautious approach amid persistent inflation and a cooling labor market, supporting continued stability in BTC and DeFi liquidity.
2.
US President Trump has announced a tariff increase on South Korean imports from 15% to 25%, targeting key sectors like autos and electronics. This escalation in trade tensions may disrupt global supply chains, potentially increasing volatility in crypto markets and impacting BTC as a macro hedge.
3.
The US dollar remains weak ahead of the Fed's policy decision, while gold and silver prices have surged to new highs. The weaker dollar and rising precious metals prices are driving capital flows into alternative assets, supporting BTC price stability and boosting DeFi collateral values.
4.
A severe winter storm in the US has caused a significant drop in Bitcoin network hashrate as mining operations curtailed power usage. This event highlights the vulnerability of crypto infrastructure to extreme weather, temporarily reducing network security and potentially affecting BTC transaction fees and on-chain activity.
5.
Brazil's central bank is expected to keep its benchmark interest rate at 15% for a fifth consecutive meeting, aiming to control inflation amid economic cooling. High rates in emerging markets like Brazil can limit capital flows into risk assets, potentially dampening local crypto adoption and DEFI participation.
Cryptocurrency Regulatory Trends
2.
Thailand's SEC is finalizing new guidelines to expand regulations for crypto ETFs, futures, and tokenized investment products, aiming to boost investor access and legal clarity in the digital asset market.
3.
Russia's parliament advanced a bill enabling the seizure of cryptocurrencies in criminal cases, even before full market regulation, highlighting a focus on anti-money laundering and asset control.
4.
South Korea is set to reauthorize corporate ICOs under strict disclosure rules, marking a major regulatory shift that could increase transparency and institutional participation in the local crypto market.
Trending Tokens
1.
Hyperliquid (HYPE): Hyperliquid surged 24% in 24h, driven by high trading volume ($538M) and growing user adoption of its zero gas fee perpetual DEX platform, with a fully on-chain order book and recent token launch.
3.
Chiliz (CHZ): Chiliz gained 8.6% in 24h, with $102M volume, as fan token demand increased following new sports partnerships and ongoing expansion of its Layer-1 blockchain for sports and entertainment.
Smart Money Movements
3.
A major 1inch investor sold 14 million 1INCH tokens for $1.83 million, causing the token price to drop 7% from $0.1385 to $0.129.
4.
Ethereum staking demand reached a record high with 3.33 million ETH (about $9.67 billion) queued for staking, driven by institutional and treasury company participation.
5.
Solana ETFs surpassed $1.08 billion in assets, reflecting strong and consistent institutional inflows over the past two weeks despite recent price volatility.
Events to Watch
Jan 27 (Tue)
Jupiter (JUP) will unlock 53.47 million tokens (1.7% of supply); Sign (SIGN) will unlock 290 million tokens (17.68% of released supply); Over $464 million in SUI, SIGN, EIGEN, TREE tokens to be unlocked, potentially causing supply shocks.
Jan 27 (Tue)
The U.S. Bureau of Economic Analysis will release national, industry, and state GDP data, providing key macroeconomic signals for global markets.
Jan 28 (Wed)
Federal Reserve meeting to be held; market assigns only a 2.77% probability to a 25-basis-point rate cut, closely watched by global investors.
III. Phemex Market Focus
New Listings
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Support for SPACEUSDT futures with up to 20x leverage, allowing both long and short positions.
Immunefi is the leading security platform for blockchains.
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