24H Hot Cryptocurrencies and Key News｜Trump Says He's Not Worried About Dollar Depreciation, Can Let It Fluctuate Like a Yo-Yo; Tether Officially Launches Federally Regulated Stablecoin USA₮ (January 28)
- Core View: Market data shows mainstream cryptocurrencies generally rising, while industry dynamics focus on stablecoin regulatory progress, deepening institutional adoption, and a potential positive shift in the US policy environment.
- Key Elements:
- Market Performance: CEX mainstream coins broadly up, ZEC leads with +8.27%; HYPE tops OKX gainers list with a 23.06% increase.
- Regulation & Products: Tether launches federally regulated stablecoin USA₮, issued by Anchorage Digital Bank.
- Institutional Adoption: PayPal survey shows nearly 85% of merchants expect crypto payments to become the norm within 5 years, with large enterprises leading adoption.
- Policy Dynamics: White House advisor calls Davos Forum a turning point for crypto normalization; Arizona advances proposal to exempt crypto from property tax.
- Industry Perspective: Standard Chartered report warns stablecoins pose a real threat to bank deposits, especially for US regional banks.
- Project Updates: Moonbirds reveals $Birb tokenomics, with 65% of tokens allocated to incentivize community development.
1. Popular Tokens on CEXs
Top 10 CEX Trading Volume and 24-hour Price Changes:
- BTC: +0.99%
- ETH: +3.24%
- PAXG: +2.66%
- SOL: +2.10%
- XRP: +0.52%
- BNB: +2.43%
- DOGE: +2.76%
- SUI: -0.93%
- ZEC: +8.27%
- ADA: +1.73%
24-hour Top Gainers (Data Source: OKX):
- HYPE: +23.06%
- PUMP: +19.16%
- MET: +14.05%
- LIT: +12.26%
- XPL: +10.59%
- KITE: +8.86%
- FOGO: +8.67%
- WET: +8.74%
- ZEC: +8.27%
- ZENT: +8.02%
24-hour Top Gainers - Tokenized Stocks (Data Source: msx.com):
- RDW: 33.94%
- HYPD: 28%
- FLY: 17.06%
- APLD: 15.4%
- IREN: 15.07%
- CIFR: 13.71%
- CRWV: 12.81%
- STX: 12.34%
- WULF: 11.89%
- SOXL: 11.6%
2. Trending On-Chain Memes (Data Source: GMGN):
- WMRW
- lick
- molty
- HeavyPulp
- PIGEON
Headlines
Trump: Not Worried About Dollar Depreciation, Can Make It Fluctuate Like a Yo-Yo
U.S. President Donald Trump stated that he does not believe the dollar has depreciated significantly, calling its performance "good," and expects currency values to fluctuate. When asked by a reporter if he was concerned about the dollar's decline, Trump said, "No, I think the dollar is doing very well. I want it to return to its proper level, that's the reasonable thing to do." Trump also hinted that he could manipulate the dollar's exchange rate, saying, "I can make it go up and down like a yo-yo." However, he described this scenario as an unfavorable outcome, comparing it to hiring unnecessary workers to artificially boost employment data, while criticizing Japan for attempting to devalue its currency.
The U.S. Dollar Index (DXY) initially saw a slight uptick following Trump's comments but then plunged over 50 points, hitting its lowest level since February 2022. Non-U.S. currencies surged, with offshore yuan (CNH) approaching the 6.93 level against the dollar, and gold continued to set new highs above $5,180 per ounce.
Rick Rieder Emerges as Top Contender for Fed Chair, Previously Stated Bitcoin Will Replace Gold
Rick Rieder, a leading candidate for Federal Reserve Chair, has previously stated that Bitcoin will replace gold and advised investors to hold Bitcoin in their portfolios. Currently, the probability of Rick Rieder becoming the next Fed Chair is 46% on Polymarket. Rieder has said that Bitcoin is a more convenient store of value than transporting gold bars, and both Bitcoin and gold are assets that can provide stability to an investment portfolio.
Tether Officially Launches Federally Regulated Stablecoin USA₮
Tether has announced the official launch of USA₮, a U.S. dollar-backed stablecoin regulated at the federal level. The token was developed under the federal stablecoin framework established by the GENIUS Act and is issued by Anchorage Digital Bank, the first federally regulated stablecoin issuer in the U.S. Bo Hines has been appointed as CEO of Tether USA₮. Cantor Fitzgerald serves as the designated reserve custodian and preferred primary dealer. USA₮ is designed for the U.S. market and digital payment infrastructure, with initial listings on platforms including Bybit, Crypto.com, Kraken, OKX, and Moonpay. Meanwhile, USD₮ will continue to operate globally. Tether Group is currently the 17th largest holder of U.S. Treasury bonds worldwide.
Industry News
A recent survey by PayPal shows that nearly 85% of responding merchants expect cryptocurrency payments to become the norm within the next five years. The survey, conducted in late October 2025, covered approximately 620 "payment strategy decision-makers." The data indicates that nearly 90% of merchants have received inquiries from consumers about using cryptocurrency for payments, with about 40% already supporting crypto payments at checkout. Among merchants already accepting crypto, a significant portion report that crypto payments account for over a quarter of their total sales, and about three-quarters say related sales have grown over the past year.
In terms of scale, the adoption of crypto payments is primarily driven by large enterprises. Among companies with annual revenues exceeding $500 million, about 50% accept crypto payments, compared to 34% and 32% for small and medium-sized businesses, respectively. Furthermore, about 90% of merchants stated they would be willing to try crypto payments if the experience and integration process were comparable to traditional card payments.
Standard Chartered: Stablecoins Pose a Real Threat to Bank Deposits
Analysts at Standard Chartered stated in a report that stablecoins pose a real risk to bank deposits globally and in the United States. Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered, noted in the report that the delay of the U.S. CLARITY Act serves as a reminder of the risk stablecoins pose to banks. Kendrick estimates that U.S. bank deposits will decrease in line with the growth of the stablecoin market cap, with the reduction roughly proportional to the stablecoin market cap's weight. U.S. regional banks are expected to be the most affected, while investment banks will be the least impacted. The report shows that only 0.02% and 14.5% of Tether's and Circle's reserves, respectively, are held as bank deposits, indicating an extremely low rate of redeposit.
Project News
Moonbirds Unveils Birb Tokenomics, 65% of Tokens Allocated to Incentivize Community Growth
Moonbirds has revealed the tokenomics for $Birb. The total supply of BIRB tokens is 100 million. Of this, 27% of the total supply will be rewarded to Birb and Friends to build a stronger community; 25% is allocated to investors and advisors; 12% is for ecosystem partner expansion and growth; 10% for value chain incentives; 10% allocated to the team; 8% as a development reserve; and 8% for liquidity. Excluding the allocations for the team, investors, and advisors, 65% of the total BIRB supply will be used to incentivize community development. Additionally, the official announcement stated that Birb Game One is a positive-expectation game and will be opened to interested users as part of the claim process starting at TGE. The Birb series of games will serve as a mechanism to redistribute unclaimed tokens from the community pool back to the community.
SharpLink Earns 465 ETH in Ethereum Staking Rewards Last Week
According to an official announcement, SharpLink earned 465 ETH in Ethereum staking rewards last week and will continue to accumulate more ETH daily for investors.
Trump Family-Backed Miner American Bitcoin Corp Adds 416 BTC, Total Holdings Reach 5,843 BTC
BitcoinTreasuries reported that American Bitcoin Corp (ABTC), a Bitcoin mining company backed by the Trump family, has added 416 BTC to its holdings. The company now holds a total of 5,843 BTC, ranking 18th in Bitcoin holdings.
USD1 Becomes the Fastest-Growing Tokenized Asset on Solana
According to data from Token Terminal, USD1, launched by World Liberty Financial, has become the fastest-growing tokenized asset on Solana, with a month-over-month growth of 191.8%.
Funding
Capital B Updates $356 Million Financing Plan to Increase BTC Holdings
French-listed company Capital B announced an update to its $356 million ATM-type capital increase plan in collaboration with TOBAM, aimed at purchasing more BTC.
Regulation & Policy
Australian Regulator Fines BPS Financial $9.7 Million for Qoin Wallet Violations
The Australian Federal Court ruled that BPS Financial has been fined A$14 million (approximately $9.7 million) for operating the Qoin wallet project without the necessary licenses and making misleading statements to consumers.
Arizona Legislature Advances Proposal to Exempt Crypto Assets from Property Tax
The Arizona Senate Finance Committee passed SB 1044 and the concurrent resolution SCR 1003 with a 4-3 vote. The series of proposals, introduced by Wendy Rogers, aims to exempt virtual currency from property tax. If passed, SCR 1003 would allow voters to decide in the November election whether to formally establish this tax exemption by amending the state constitution.
SB 1044 proposes to amend state law to define virtual currency as a digital representation of value that functions as a medium of exchange, unit of account, and store of value, and is not the U.S. dollar or a foreign currency. Although Governor Katie Hobbs vetoed several crypto-related bills in 2025, including SB 1025 to establish a Bitcoin strategic reserve and SB 1024 to allow tax payments with crypto assets, the current tax exemption proposal has now been referred to the Senate Rules Committee for further consideration.
Voices
In a recent article, BitMEX co-founder Arthur Hayes analyzed that the ongoing depreciation of the Japanese yen and falling Japanese Government Bond (JGB) prices are creating "noise" in global financial markets. He believes the U.S. Federal Reserve and Treasury may be forced to intervene jointly, directly supporting the yen exchange rate and the JGB market by expanding the Fed's balance sheet, thereby injecting new liquidity into the global fiat currency system.
Hayes speculated on a potential path: The New York Fed could create dollar reserves, instruct primary dealers like JPMorgan Chase to sell dollars and buy yen in the forex market to support the exchange rate, and allocate some funds to JGBs to suppress yields. This would lead to an increase in "foreign currency-denominated assets" on the Fed's balance sheet, essentially equivalent to "printing money" to absorb the risks associated with the yen exchange rate and JGB interest rates.
White House Crypto Advisor Patrick Witt stated that the Davos 2026 World Economic Forum is a turning point for the U.S. government to transform digital assets into a permanent asset class, with the President reaffirming the commitment to build the U.S. as the global crypto capital. Witt noted that stablecoins have become an entry point into global finance, and the government is working to establish a symbiotic relationship between traditional finance and the emerging crypto sector. Currently, the Senate Agriculture Committee plans to review the market structure bill on January 29 at 10:30 AM. Although the Senate Banking Committee delayed its review due to issues like stablecoin rewards, the relevant legislation is expected to eventually be brought to a Senate vote. Furthermore, the government plans to shift focus to developing crypto tax solutions after the market structure bill passes and will continue to monitor asset seizures in national security operations involving countries like Venezuela.
