Market Update - January 26

- Gold surpasses $5,000, Bitcoin drops to $87,000, and altcoins face significant losses amid geopolitical instability.
- The Netherlands plans to tax cryptocurrencies based on unrealized gains starting in 2028, prompting strong community backlash.
- Michael Saylor reveals plans to acquire more Bitcoin this week; his strategy currently holds 709,715 BTC, valued at approximately $62 billion.
- Foundry USA, the world's largest Bitcoin mining pool, reports a 60% decrease in hashrate to around 200 EH/s due to the ongoing mining winter in the U.S.
- Colombia's second-largest pension fund, AFP, is set to allow clients to invest in Bitcoin, becoming the second fund in the country to enter the crypto space.
- The $PENGUIN token surged tenfold after a viral image of former President Trump walking a penguin in the snow was shared by the White House.

Upcoming Events
- January 29, 2:00 AM: The Federal Reserve will announce its January interest rate decision (97.2% chance of maintaining current rates).
- January 29, 8:30 PM: Weekly U.S. jobless claims report (Expected = 202K; Previous = 200K).
- January 30, 8:30 PM: U.S. Producer Price Index (PPI) for December.
- Year-over-year PPI inflation (Forecast = 2.9%, Previous = 3%).
- Year-over-year Core PPI inflation (Forecast = 3%, Previous = 3%).

Token Unlocks
- January 28: Sign will unlock 290 million SIGN $SIGN (17.68% of circulating supply), valued at $11.61 million.
- January 30: Kamino will unlock 229.17 million KMNO $KMNO (3.68% of circulating supply), valued at $10.07 million.
- February 1: Sui will unlock 43.53 million SUI $SUI (1.15% of circulating supply), valued at $60.94 million.
- February 1: EigenCloud will unlock 36.82 million EIGEN $EIGEN (8.88% of circulating supply), valued at $11.56 million.