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According to BlockBeats, Nir Kaissar, head of asset management firm Unison Advisors, suggests that U.S. President Donald Trump may have found a way to compel the Federal Reserve to lower interest rates through fiscal tightening.

Kaissar notes that in recent years, the impact of fiscal policy has been at least as significant as the Federal Reserve's historic measures. Currently, fiscal and monetary policies may be on the verge of switching roles. Treasury Secretary Scott Bessent has stated that the government aims to reduce the deficit to 3% of GDP. Achieving this would require Trump's Department of Government Efficiency (DOGE) to cut $1 trillion in spending. While it remains uncertain how much of this target will be met, the mere threat of spending cuts could already be dampening market sentiment and hindering economic growth.

By reducing expenditures, Trump might force monetary policy to ease in support of fiscal tightening. Whether these spending cuts lead to an economic slowdown is irrelevant. As long as these cuts, or the threat thereof, coincide with an economic slowdown, the Federal Reserve may be prompted to take action.

According to BlockBeats, data from IntoTheBlock reveals that major Bitcoin holders are taking advantage of the recent price dip to increase their holdings. Wallets containing at least 0.1% of the circulating supply have collectively acquired nearly 15,000 BTC when the price fell below $90,000. This acquisition is valued at approximately $1.28 billion.

According to Odaily, JPMorgan released a report on Wednesday indicating a lack of short-term positive catalysts in the cryptocurrency market. The report highlighted that Bitcoin and Ethereum futures have been trading close to spot prices in recent months, signaling a decline in demand. The analyst team, led by Nikolaos Panigirtzoglou, described this as a negative development, suggesting weak demand from institutional investors seeking exposure to these cryptocurrencies through regulated CME futures contracts.

JPMorgan noted that the weak demand might be attributed to the potential implementation of U.S. President Donald Trump's cryptocurrency initiatives, which are more likely to take effect in the latter half of the year. This situation implies that institutional investors might be taking profits due to the absence of short-term catalysts. Additionally, the bank mentioned that the reduced demand from systematic and momentum-driven funds, such as CTAs, has also impacted Bitcoin and Ethereum futures.

According to Odaily, the National Bank of Canada has made a significant investment by purchasing Bitcoin ETFs valued at $2 million. This move highlights the growing interest and involvement of traditional financial institutions in the cryptocurrency market.

According to Odaily, Bloomberg analyst James Seyffart shared on the X platform that his colleague Emily Nicolle from Bloomberg News revealed that BlackRock might introduce a Bitcoin ETF in Europe. It is speculated that they will follow the same strategy used in Canada.

According to BlockBeats, on January 28, X CEO Linda Yaccarino announced on her social media platform that X Money will collaborate with Visa to offer digital wallet services to users. The services will include secure and instant fund transfers to users' X wallets via Visa Direct, connectivity to users' debit cards, and enabling peer-to-peer payments.

According to BlockBeats, on January 29, the Atlanta Federal Reserve's GDPNow model has revised its forecast for the United States' fourth-quarter GDP growth to 3.2%, up from the previous estimate of 3.0%.