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According to CoinDesk, Laser Digital, a digital asset subsidiary of Nomura Holdings, released a report stating that by 2025 the United States may approve more than 12 new cryptocurrency ETFs. Several asset management institutions have already submitted applications to the SEC, including ProShares' Bitcoin-denominated SP 500 ETF, a combined Bitcoin/Ethereum ETF and products based on Litecoin, XRP and Solana. The report points out that under the leadership of new SEC Chairman Paul Atkins, the regulatory environment for cryptocurrencies will become more relaxed.

PANews reported on January 13 that Singaporean cryptocurrency investment firm QCP Capital stated today that inflation seems to be returning, with the US economy indeed showing signs of overheating. Last Friday's non-farm employment surged by 256,000, far exceeding the forecasted 164,000. After last week's macroeconomic data release, any rumors about imminent interest rate cuts have vanished and the stock market has also plummeted significantly. The tariffs potentially implemented during Trump's era have also sparked more concerns about inflation. Despite unfavorable macroeconomic conditions and persistent rumors about Silk Road, cryptocurrencies seem to have stabilized as support levels at $91,000 and $3100 remain unchanged for now. Implied volatility is also relatively low and continues to decline slightly bearish in front-end markets just before Trump’s inauguration ceremony. Although the volatility market hasn't reacted much yet, cryptocurrencies are still not out of trouble. Macroeconomic storms continue to loom with Producer Price Index (January 14), Consumer Price Index (January 15) and Initial Jobless Claims (January 16) soon to be announced which could all add fuel to the fire in financial markets. As the US economy heats up this week will be a real test for cryptocurrencies; it remains to see whether they can serve as an effective hedge against inflation.