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BlockBeats News, January 19th, the preview of this week's key events and data is as follows: 1. Monday: Trump leads a delegation to attend the World Economic Forum Annual Meeting; US stock market closed for Martin Luther King Jr. Day holiday; 3. Wednesday: Trump speaks at the World Economic Forum Annual Meeting on "How Can We Foster Collaboration in a More Competitive World?"; US Supreme Court hears arguments on Trump's attempt to remove Fed Governor Powell. 4. Thursday: US Initial Jobless Claims, November PCE Report, Q3 Real GDP Final Value, US EIA Natural Gas Inventories, Eurozone January Consumer Confidence Index; ECB releases minutes of December meeting. 5. Friday: Japan December Core CPI YoY; US January University of Michigan Consumer Confidence Index and Final Value of One-Year Inflation Expectations; Bank of Japan announces interest rate decision and Economic Outlook Report, Governor Haruhiko Kuroda holds a press conference. (FXStreet)

According to Jinse Finance, at the opening on Monday, spot gold and silver gapped higher. Spot gold initially rose above $4,660 per ounce, hitting a new all-time high with a daily increase of 1.4%. Spot silver reached as high as $92.81 per ounce, up 2.8%. WTI crude oil opened 0.8% lower but quickly rebounded, nearly erasing its losses. Nasdaq futures fell by 1%. Over the weekend, Trump issued tariff threats regarding Greenland, a Danish autonomous territory. Reports indicate that several EU countries are considering imposing tariffs on US-bound goods worth 93 billion euros. (Golden Ten Data)

Jinse Finance reported that Galaxy CEO Michael Novogratz pointed out the reasons for the slow progress of the cryptocurrency market structure bill. He said that both parties want to pass this bill, which in itself is not a problem. The real friction point lies with the banks—especially regarding stablecoins. Currently, large banks pay depositors almost zero interest (about 1-11 basis points), while deposits placed at the Federal Reserve can earn a yield of 3.5-4%. The emergence of stablecoins threatens this interest rate spread. If consumers can earn yields elsewhere, deposits will shift—and banks’ profits will decrease. That’s why this is such an intense lobbying battle. If stablecoins are allowed to compete, banks will either lose deposits or have to pay consumers more. This is the trade-off that legislators are working hard to balance. So yes, it is indeed a contest between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). But ultimately, it’s about who can control the economic benefits of your funds. That’s why this bill is harder to pass than it appears.