Point of View: The Federal Reserve Has Over-Eased, with a 65% Chance of Stagflation in the United States

On January 24, Bloomberg Senior ETF Analyst Eric Balchunas noted that silver ETF SLV’s recent return performance has been “notably exaggerated”—yet its net inflows over the past six months total just ~$1 billion, which don’t align with its price gains. In contrast, Bitcoin spot ETF IBIT has pulled in over $6 billion in cumulative inflows even amid a roughly 24% price pullback. Balchunas calls this a “very good signal” for Bitcoin’s long-term outlook. He emphasized that while ETFs often attract capital when markets are favorable, only those that keep drawing inflows through a prolonged downturn and elevated volatility truly exhibit “real strength” as star ETFs.

Jan. 24 — Per ai_9684xtpa monitoring, major ETH holder 0x565…11e55 (who sold ETH on Jan. 22) has launched a new trading round: nine hours ago, he purchased 3,947.97 ETH on-chain at an average price of $2,991.91 (≈$11.91 million), now holding an unrealized loss of $135,000.

As of Jan. 24, Coinglass data shows centralized exchanges (CEXs) saw a net inflow of 1,445.66 BTC over the past 24 hours. The top three CEXs by net inflow are: - Binance: 1,742.35 BTC - Bitfinex: 1,063.94 BTC - Bithumb: 210.42 BTC Additionally, Bitstamp led net outflows with 892.07 BTC.

As of January 24, per alternative data, the cryptocurrency Fear & Greed Index has risen to 25—up from 24 the prior day—while the weekly average over the past seven days stands at 50, signaling the market remains in "Extreme Fear" territory. Note: The index ranges from 0 to 100, comprising the following indicators: Volatility (25%), Market Trading Volume (25%), Social Media Hype (15%), Market Surveys (15%), Bitcoin’s share of total market capitalization (10%), and Google Trends Analysis (10%).

On January 24, K Wave Media Inc.—a publicly traded crypto treasury firm positioned to become the "Korean equivalent of Metaplanet"—received a written notice from Nasdaq dated January 22, 2026, stating it failed to meet the Nasdaq Global Market’s minimum Market Value of Listed Securities (MVLS) requirement for continued listing. Per Nasdaq rules, K Wave Media will have a 180-day cure period. If the company’s MVLS reaches at least $50 million for 10 consecutive trading days during this window, it may regain compliance, and the matter will be closed. The company noted the notice will not have an immediate impact on the listing or trading of its common stock. As previously reported by BlockBeats, on June 4, 2025, K Wave Media Inc. (Nasdaq: KWM) announced a securities purchase agreement with Bitcoin Strategic Reserve KWM LLC. Under the arrangement, the company will issue up to $500 million in common stock. Proceeds from the financing will support its Bitcoin-focused digital asset r

On January 24, ARK Invest filed two new cryptocurrency ETF applications with regulators, both linked to the CoinDesk 20 Index: the ARK CoinDesk 20 Crypto ETF and the ARK CoinDesk 20 ex-Bitcoin Crypto ETF. Notably, the latter excludes Bitcoin and tracks the performance of non-Bitcoin crypto assets. If approved, these two products will expand traditional financial markets’ avenues for index-based exposure to crypto assets.