Next Week Outlook: Trump Returns to Davos, BOJ Rate Decision Looms
Next week (starting Jan. 18), former President Trump will lead a record U.S. delegation to the World Economic Forum (WEF) in Davos, where he will deliver a speech titled *How Can We Cooperate in an Increasingly Competitive World?*
Key topics expected to dominate discussions include tariff policy, U.S. military involvement in Venezuela, and the proposed move to acquire Greenland. Separately, the U.S. Supreme Court is set to hear a case involving Federal Reserve Governor Jerome Powell—whom Trump has sought to replace—while a ruling on the legality of Trump’s tariffs could also be issued next week.
Below is the upcoming macro event and data release schedule:
**Monday**
- Trump leads U.S. delegation to the WEF Annual Meeting in Davos
- China releases 2025 full-year GDP growth rate, Q4 annualized GDP rate, and full-year GDP total
**Tuesday**
- ECB President Christine Lagarde and BlackRock CEO Larry Fink participate in a WEF panel discussion
**Wednesday**
- Trump deliv
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Over the past year, #Tron has seen 22.7B $USDT newly issued, pushing total supply to 82.4B, while the number of $USDT holders grew by 11M to over 70.6M.
Over the past year, 22.7B $USDT has been newly issued on #Tron, bringing the total $USDT supply to 82.4B $USDT. At the same time, the $USDT holders on #Tron increased by 11M over the past year, with total holders now exceeding 70.6M.
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Axie announces the introduction of bAXS, leading the way in the altcoin market with AXS, RONIN, and SLP
On January 18, Axie Infinity announced the launch of bAXS—a non-transferable token directly tied to user accounts, backed 1:1 by AXS—to curb inflationary rewards for real players. Additionally, recent adjustments to SLP rewards in Axie Infinity Origins have targeted further inflation reduction.
Per HTX market data, several blockchain gaming and metaverse tokens led gains in the altcoin space today. Top performers include:
- AXS: Currently trading at $2.06, up 52.2% in 24 hours
- STO: $0.116, 50.9% 24-hour gain
- BERA: $1.04, 41% increase
- RARE: $0.0303, 28.9% up
- RONIN: $0.184, 16.2% gain
- SAND: $0.1504, 15.6% rise
- SLP: $0.000993, 13.2% 24-hour increase
The broader crypto market remains range-bound. Bitcoin trades at $94,920, Ethereum at $3,301, and total market capitalization stands at $3.305 trillion—down 0.3% over the past 24 hours.
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The Hyperliquid Foundation donated 10,000 HYPE tokens to ZachXBT
**Jan 18 Update:**
The Hyperliquid Foundation announced on January 18 that it has donated 10,000 HYPE tokens to on-chain sleuth ZachXBT—valued at roughly $254,000, marking the second-largest donation ZachXBT has received to date.
ZachXBT has confirmed receipt of the donation and shared details of other top 10 donors, including Optimism, Octant, The White Whale, Arbitrum, BNB Chain, Unipcs, Nouns, CL207, and High Stakes Capital.
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Toly: Solana must continuously iterate and update, staying practical to survive
On Jan. 18, Solana co-founder Toly pushed back sharply against Ethereum co-founder Vitalik’s proposal that “Ethereum itself must pass the escape test.”
Toly emphasized Solana’s need for continuous iteration and warned the network would perish if it stopped adapting to developers’ and users’ needs—stressing it must never rely on any single team or individual. He added Solana must deliver significant real-world utility, with large numbers of builders on the network earning meaningful income from transaction value there. This, he noted, is the only way to secure more LLM token credit for upstream improvements to Solana’s general-purpose protocol.
For survival, he said, Solana must always prioritize practicality. While protocol changes should first solve developers’ or users’ problems, that does not mean addressing every issue—saying “no” to most requests is necessary.
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