AiCoin Daily Report (January 16)

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  1. The number of initial jobless claims in the United States for the week ending January 10 was 198,000. The Federal Reserve’s Goolsbee expects a potential rate cut this year, but this depends on data confirming the economic outlook.

On January 15, the number of initial jobless claims in the United States for the week ending January 10 was 198,000, compared to an expected 215,000. The previous figure was revised from 208,000 to 207,000. -Original text

  1. Trump temporarily halts tariffs on key minerals

On January 15, silver prices temporarily dropped 7.3%, then recovered most of the losses, but the decline widened again, currently down over 5%. Trump did not impose tariffs on the import of key minerals including silver and platinum and stated that bilateral negotiations would resolve the issue, while also proposing the idea of setting price floors. Concerns over tariffs led to some metals being stockpiled in U.S. warehouses, with approximately 434 million ounces of silver held in warehouses related to NYMEX futures trading, an increase of about 100 million ounces from a year ago. StoneX analyst Rhona O’Connell noted that silver outflows from the U.S. might be hindered because it remains on Trump’s list of key minerals. OCBC strategist Christopher Wong believes the medium-term outlook for silver is positive, but recent price volatility requires caution. -Original text

  1. U.S. bank CEO warns that interest-bearing stablecoins could impact $6 trillion in deposits

On January 15, Bank of America CEO Brian Moynihan stated that if Congress does not restrict interest-bearing stablecoins, up to $6 trillion in deposits could shift from banks, accounting for 30%-35% of U.S. commercial bank deposits. Moynihan pointed out that stablecoins are similar to money market mutual funds, with reserves held in short-term instruments like U.S. Treasuries, not used for bank loans, potentially weakening the deposit base supporting household and business lending. The CLARITY Act includes controversial provisions that prohibit digital asset service providers from paying interest on stablecoin holdings, while allowing rewards based on staking, liquidity, or collateral. -Original text

  1. KBC Bank in Belgium will allow customers to buy Bitcoin

Belgium’s second-largest bank, KBC, with assets totaling $375 billion, will start allowing all customers to purchase Bitcoin from next month. -Original text

  1. Swift and Chainlink complete interoperability pilot for tokenized assets

Chainlink announced that Swift, in collaboration with Chainlink, has partnered with UBS Asset Management, BNP Paribas, Unicredit, and Société Générale to complete key interoperability testing for tokenized assets, enabling seamless settlement between traditional payment systems and blockchain platforms. The pilot covered DvP settlement, interest payments, and tokenized bond redemptions, involving roles such as payment agents, custodians, and registrars. This project is based on the collaboration between Swift and Chainlink under the MAS “Guardians Program” in Singapore, demonstrating how financial institutions can leverage existing Swift infrastructure to settle off-chain cash transactions. -Original text

  1. JPMorgan predicts over $130 billion in crypto capital inflows by 2026

JPMorgan stated that global capital inflows into digital assets reached record levels last year, and with institutional investors returning, capital inflows are expected to further increase beyond $130 billion in 2025, reaching over $130 billion in 2026. -Original text

The above are the top news highlights from the past 24 hours. For faster news updates, please download AiCoin()

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