U.S. CPI: +2.9% YEAR-OVER-YEAR (EST. +2.9%); U.S. CORE CPI: +3.2% YEAR-OVER-YEAR (EST. +3.3%)

On January 28, data from Cloverpool shows the Bitcoin network’s total hash rate plummeted from 1.16 ZH/s to 690 EH/s—marking the biggest drop on record. It has since rebounded, currently sitting at 859.17 EH/s. Some analysts attribute the sudden hash rate decline to a U.S. winter storm named Fernan. The storm brought extreme cold, heavy snow and ice to most U.S. regions, leaving more than 1 million residents without power. Grid operators also issued successive energy-saving alerts. Many U.S. mining pools were impacted or forced offline by the storm, driving the ongoing hash rate drop.

January 28th — Per the Coinbob Popular Address Monitor, the "HYPE Bull Leader" whale (address 0x8def...) has secured notable gains from a HYPE trade. The address opened a 5x leveraged long position around January 12, with an average entry price of ~$22.3 and a liquidation price of ~$20. Following HYPE’s recent sharp price surge, the position now holds significant unrealized profit. As of now, the whale’s HYPE long position is valued at $39.55 million, with an average cost basis of $22.36. Unrealized profit totals ~$12.1 million, translating to a 154% return rate. The account’s funds have grown from ~$13 million to ~$26 million, doubling in value.

January 28 – Overnight into the morning, the crypto market sustained its rebound momentum, with Bitcoin holding above $89,000 and Ethereum breaking above $3,000. On-chain whale activity showed notable divergence during this period, per BlockBeats: ### Bullish Accumulation (Key Whales) - The “BTC OG Insider Whale” added over 19,973 ETH to its 5x long position this morning, pushing total position value to ~$758 million and cutting floating losses by $30.79 million. - The address labeled “Buddy” deposited another 225,000 USDC, boosting its ETH and HYPE long positions. As of press time, its total position is worth $20.53 million with nearly $1 million in floating profits. - After Ethereum topped $3,000, Yiliahua’s Trend Research borrowed $80 million in USDT from Aave to deposit into Binance, signaling potential further ETH position expansion. ### Profit-Taking & Sell-Side Moves - Smart Money (which locked in $98.18 million in profits from ETH scalping) sent 10,000 stETH (valued

On January 28, per Onchain Lens data, a newly created wallet deposited 8.84 million USDC into HyperLiquid over 5 hours and placed two TWAP buy orders for HYPE.

January 28th A seasoned Wall Street pro, Rick Rieder, is seen bringing a market-focused lens to the Federal Reserve. Last September, he pushed for a more aggressive 50-basis-point rate cut rather than the Fed’s then-preferred 25-basis-point gradual pace. He also pushed back against the central bank’s forward guidance on future rate moves — the so-called “dot plot.” Evercore ISI economists, including Krishna Guha, noted earlier this week: “He’ll stick to a dovish rate stance and may push for three rate cuts this year.” Right now, the interest rate swap market is pricing in fewer than two 25-basis-point rate cuts by 2026. But in the SOFR options market, a large number of positions have popped up recently that stand to benefit from multiple rate cuts — targeting a federal funds rate as low as 1.5% by year-end, well below the ~3.2% currently priced in by the swap market. (Golden Finance)

**Jan. 28 – Asset tokenization platform Securitize announced today it has appointed Giang Bui, former Head of U.S. Equities and ETPs at Nasdaq, as Vice President of Issuer Growth.** In her new role, Bui will collaborate with public and private market issuers to advance issuer-driven, compliant tokenization initiatives. She brings deep experience across top exchanges, having previously worked at Cboe, NYSE and Nasdaq—where she contributed to the exchange’s digital asset ETF business and the listing of physically-backed Bitcoin ETFs. Securitize currently manages approximately $4 billion in assets and counts Apollo, BlackRock, BNY Mellon (BNY) and KKR among its key partners. Late last year, the firm disclosed plans to launch a stock-on-chain product in Q1 2026. **Source: The Block** ### Notes on American English adaptation: 1. **Concise structure**: Headline-style opening with date, clear subject-verb focus. 2. **Colloquial workplace terms**: "brings deep experience" (natural