Trump May Announce New Fed Chair by End of January, U.S. May Not Take EU Trade War Threat Seriously
On January 20, U.S. Treasury Secretary Bassett expressed doubt the EU will quickly take a tough stance against Trump’s “Greenland Tariffs.”
He predicted the bloc would likely form a so-called “dreadful European working group” rather than act immediately. Bassett noted the 27-member bloc’s slow decision-making would block it from mounting an effective counterattack or quickly deploying its most powerful trade tool: the so-called “counter-coercion instrument.”
Speaking to a small group of reporters at the World Economic Forum in Davos, Switzerland, Bassett quipped: “I think they’ll first form that ‘dreadful European working group’—it seems to be their most powerful weapon.” His comments signal Washington doesn’t take seriously the chance the EU will deploy its strongest trade tool, which can restrict U.S. firms’ access to the EU single market once activated.
On other matters, Bassett said the next Federal Reserve Chair won’t likely be named during Trump’s trip to Switzerland. “I
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Hong Kong Cryptocurrency Asset Management New Regulation Faces Industry Resistance, Association Warns 'Not Global, Then Local' License Requirement Could Stifle Innovation
**January 20 – A Hong Kong securities industry association has raised concerns about the city’s proposed regulatory framework for digital asset management, warning the reforms could discourage traditional asset management firms from entering the cryptocurrency space.**
The Hong Kong Securities and Futures Professionals Association (HKSFPA) submitted a comment letter to regulators on Tuesday opposing a proposed adjustment that would eliminate the existing “minimum exemption threshold” for Type 9 asset management firms. Under current rules, firms holding a Type 9 license (covering discretionary investment portfolio management and asset management services) only need to report to regulators if they allocate less than 10% of their total fund assets to crypto assets—no additional license upgrade required, per a report from local law firm King & Wood Mallesons.
The HKSFPA noted the proposed reform would scrap this threshold, meaning even a 1% allocation to Bitcoin would force firms to
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An address engaged in a short ladder attack during the recent 5-day downtrend, currently enjoying an unrealized gain of nearly $7 million.
On-chain data analyst Yu Jin noted on January 20th that a 0xD83-prefixed address has steadily ramped up its short positions over the past five days of the bear market, growing a $3 million principal into $10 million.
As BTC and ETH continued to slide, the address added to its shorts this morning and kept profiting. One hour ago, it used unrealized gains to expand its BTC short position, pushing its total short value to $250 million.
Position details:
- 1,640 BTC shorted ($150 million), entry price $92,120, liquidation price $94,401, unrealized gain $2.04 million
- 31,093 ETH shorted ($100 million), entry price $3,270, liquidation price $3,296, unrealized gain $4.77 million
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Binance: Users with a minimum of 241 points can claim 320 ACU airdrop
Official sources confirm trading of Acurast (ACU) on Binance Alpha will launch January 20, 2026, at 18:00 UTC+8 (Beijing time).
Airdrop eligibility & rules (for users holding ≥241 Alpha Points):
- 320 ACU tokens available on a first-come, first-served basis via the Alpha event page
- If the event is ongoing, the points threshold drops by 5 every 5 minutes
- Claiming consumes 15 Alpha Points
- Must confirm the claim within 24 hours on the event page; unconfirmed claims are forfeited
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Solana Mobile Wallet Valuation, Tomorrow's TGE Outlook
January 20 — Solana Mobile will officially open claims for its SKR token airdrop at 10 AM UTC+8 on January 21.
Per community notes, phone-based airdrop recipients get a minimum 5,000 SKR for zero interaction, 10,000 SKR for one interaction, or higher tiers (up to 750,000 SKR) for frequent engagement with the built-in DApp. The five tiers are: 5k, 10k, 40k, 125k, and 750k SKR.
Nearly 2 billion SKR will be distributed total: ~1.82 billion to 100,908 users, and 141 million to 188 developers.
Pre-market data from Whales Market shows SKR currently trades at $0.0165, down 7.5% in 24 hours, with a fully diluted valuation (FDV) of $165 million.
Mixed opinions surround SKR’s post-listing valuation, though optimistic expectations land between $0.02 and $0.04 — above current pre-market levels.
- Cryptocurrency analyst 7de9 called Whales Market’s pre-market pricing “completely wrong” and the $165M FDV “a joke.” He estimates a minimum valuation of $400M to $600M, noting SKR is more t
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Cross-Chain DeFi Execution Engine Makina Suffers Attack, Loses 5.1 Million USDC
On January 20th, BlockSec’s Phalcon monitoring revealed that Makina—a multi-chain DeFi execution engine project—was targeted in an attack on the Ethereum network, resulting in a loss of 5,107,871 USDC. The exploit allowed the attacker to manipulate pool prices, inflate the value of liquidity provider (LP) assets, and execute an arbitrage attack.
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