Weekly Preview | SEC and CFTC to Host Joint Event on Crypto-Themed "Regulatory Collaboration"; Moonbirds to Launch BIRB Token on Solana Blockchain

Breaking News Preview:

• The VanEck Avalanche spot ETF will be listed and traded on Nasdaq on January 26.
• The SEC and CFTC will hold a joint event on "Regulatory Collaboration" on crypto at 11 p.m. on January 27.
• Impossible has announced details for the Flying Tulip pre-order, with the public run starting on January 27th;
• The U.S. Senate Agriculture Committee has rescheduled its hearings on the encryption bill to January 27.
• The Federal Reserve's FOMC meeting will be held on January 28, and the interest rate decision will be announced at 3:00 AM on the 29th.
• Moonbirds announced that the BIRB token will be launched on the Solana blockchain on January 28th.

January 26

The VanEck Avalanche spot ETF will be listed and traded on Nasdaq on January 26.

The VanEck Avalanche ETF (ticker symbol VAVX) will officially begin trading on Nasdaq next Monday (January 26). Flow Traders has been appointed as the ETF's primary market maker.

Fabric plans to launch the ROBO token, which will be publicly sold on Kaito on January 26.

OpenMind's Fabric, a general-purpose open network for robotics, will launch its native token ROBO, which will be publicly offered on the Kaito Capital Launchpad for eligible individuals and partner communities.

The public sale will launch at 20:00 Beijing time on January 26th, with a fully diluted valuation (FDV) of $400 million and a target fundraising amount of $2 million. A maximum of 0.5% of the total token supply will be sold, with 100% released on TGE. The minimum and maximum subscription amounts per address are $1,000 and $250,000, respectively. 40% of the tokens in this public sale will be allocated as a "priority allocation" to community members of the Fabric Foundation and its partners Kaito AI, Virtuals, and SurfAI. The issuance and sale of ROBO tokens will be conducted by a Fabric-designated entity in the British Virgin Islands (BVI).

Base network Perp DEX protocol RollX: First batch of applications closes on January 26th.

RollX, the Perp DEX protocol based on the Base network, officially launched its token roll and genesis airdrop on January 16th at 19:00, with a total supply of 180 million tokens. The airdrop is open to Trade & LP points users and addresses participating in activities on Galxe, Binance Wallet, etc. 25% will be unlocked during TGE (Trade & LP Points Event), and the remaining 75% will be released linearly over 6 months. Galxe and Lightning Event rewards are 100% available immediately. The deadline for claiming the first batch of airdrops is January 26th at 19:00. The official announcement states that a more competitive V2 incentive program will be launched after TGE.

Huma Season 2 Airdrop Part 2 has begun; applications close on January 26th.

Huma Finance has launched Season 2 airdrop Part 2, with applications closing on January 26th at 21:00 (UTC+8). Eligible wallets that missed Part 1 can continue to apply in Part 2; however, for LP users who have transferred or withdrawn their locked PST and mPST, their Part 2 airdrop allocation will be reduced accordingly.

Token unlocking:

Bitget Token (BGB) will unlock approximately 140 million tokens at 8:00 AM Beijing time on January 26th, representing approximately 10.53% of the circulating supply, with a value of approximately $508 million.

January 27

The SEC and CFTC will hold a joint event on "Regulatory Collaboration" on crypto on January 27 at 11 p.m.

SEC Chairman Atkins and CFTC Chairman Selig will host a public event, “SEC-CFTC Harmonization,” at CFTC headquarters on January 27th from 11:00 PM to 12:00 AM (UTC+8) to discuss coordination between the two agencies and their efforts to fulfill President Trump’s promise to make the U.S. the world’s cryptocurrency capital. The event will be moderated by Eleanor Terrett. It will be open to the public at CFTC headquarters and will be webcast live on the SEC website. No registration is required to attend online.

Impossible has announced details for the Flying Tulip pre-orders, with the public run starting on January 27th.

According to an announcement from Impossible Finance, the Flying Tulip project's token, FT, will be offered in an early public sale, valued at $1 billion, priced at $0.10 per token, with 100% unlocking at TGE and a principal protection mechanism. The pre-sale will be conducted in three rounds:

1) IDIA Staker Exclusive Round: January 21-23, limited to IDIA stakers, totaling $15 million; 2) IDIA Staker Reward Round: Also January 21-23, limited to those who have staked over 20,000 IDIA and participated in full, distributed proportionally to those who over-stake; 3) Public Round: January 27, 12:00 PM to January 29, 11:59 AM (UTC+8), minimum investment of 10 USDT, with bonus allocation for deposits made in the first two days. All participants must complete KYC and will receive an NFT representing allocation and refund rights.

The U.S. Senate Agriculture Committee has rescheduled its hearings on the encryption bill to January 27.

The U.S. Senate Agriculture Committee announced plans to hold a key hearing on its cryptocurrency market structure bill on January 27. This hearing is a crucial step in advancing the legislation, allowing senators to debate amendments, vote on whether to include them in the base text, and then vote on whether to submit the entire bill to the full Senate for consideration.

Furthermore, prior to the hearings, debates, and votes, Democratic lawmakers had submitted several proposed amendments to the bill, including a ban on the president and other individuals trading digital assets.

OKX will delist spot trading pairs for multiple currencies, including ULTI, GEAR, and VRA, on January 27th.

OKX has announced the delisting of USDⓈ and USDT spot trading pairs for the following cryptocurrencies: ULTI, GEAR, VRA, DAO, CXT, RDNT, and ELON. Specifically, the USDⓈ spot trading pairs will be delisted from 16:00 to 18:00 (UTC+8) on January 27, 2026, and the corresponding USDT spot trading pairs will be delisted from 16:00 to 18:00 (UTC+8) on January 30. Deposits for these cryptocurrencies were suspended at 16:00 on January 20, and related trading services such as buying, selling, and instant swaps will be suspended from 16:00 on January 24. Withdrawals will be suspended from 16:00 on April 20.

January 28

The Federal Reserve's FOMC meeting will be held on January 28, with the interest rate decision announced at 3:00 AM on the 29th, followed by a monetary policy press conference by Powell.

Google will remove unregistered overseas cryptocurrency exchange apps from its South Korean app store starting January 28.

Google announced that it will take strict measures in South Korea starting January 28th, removing overseas cryptocurrency exchange apps that are not registered with local financial regulators. According to Google's updated "Cryptocurrency Exchanges and Software Wallets Policy," developers targeting the South Korean market must submit proof of their registration as a virtual asset service provider with a financial intelligence agency. This is a mandatory removal standard; apps that do not meet the requirements will be unavailable for search or download on the South Korean Google Play Store. This move is expected to directly impact overseas exchanges widely used by South Korean investors, such as KuCoin and MEXC, which are not officially registered.

Moonbirds: BIRB tokens will launch on the Solana blockchain on January 28th.

Moonbirds announced on the X platform that the BIRB token will be launched on the Solana blockchain on January 28.

Voting on the Optimism token buyback proposal will end on January 28th, and DAO representatives have differing opinions on it.

A proposal requiring the Optimism Foundation to use 50% of its Superchain network revenue each month to buy back OP governance tokens opened for voting on January 22. The DAO community is divided on this issue. Opponents argue that using hard assets for buybacks is an inefficient use of capital, given that the foundation still needs to net sell OP through grants and other means. Another major point of contention is that the buybacks will be executed through over-the-counter (OTC) transactions, which will not directly affect the open market price, and some representatives worry that it could become an exit channel for insiders to unlock tokens. Supporters, on the other hand, believe that the buyback mechanism clearly transmits the value of network growth to the market and is the "right direction."

Token unlocking:

Sign (SIGN) will unlock approximately 290 million tokens at 6 PM Beijing time on January 28th, representing approximately 17.68% of the circulating supply, with a value of approximately $12.2 million.

Jupiter (JUP) will unlock approximately 53.47 million tokens at 10 PM Beijing time on January 28th, representing about 1.70% of the circulating supply, with a value of approximately $10.6 million.

January 29

Bitpanda will launch its stock and ETF services on January 29, advancing its "universal exchange" model.

Austrian cryptocurrency exchange Bitpanda announced an expansion, offering trading in approximately 10,000 stocks and ETFs, further advancing its "universal exchange" model. Launching on January 29th, the service will allow users to trade both traditional financial products and cryptocurrencies within a single app. Bitpanda charges a flat fee of €1 per stock and ETF trade, with no additional charges, to streamline the investment process across asset classes. A Bitpanda spokesperson stated that the offering will provide access to "real stocks," not tokenized stocks, and will be available throughout the European Union.

Crypto payment company Truther will launch a non-custodial USDT Visa card in El Salvador on January 29.

Crypto payment company Truther will launch a payment card in El Salvador on January 29, 2026, allowing users to spend USDT directly from their self-custodied wallets through a partnership with Visa. The card requires no pre-deposit or custodian service, charges a 2% currency exchange fee, and Brazilian users are exempt from IOF tax. Following its launch in El Salvador, the card will be available to all Truther users. Truther plans to expand its service to other countries, including Argentina, Mexico, Colombia, and Russia, and will integrate more local stablecoins into its self-custodied wallets by early 2025.

Pendle introduces the sPENDLE mechanism to replace vePENDLE, and will take snapshots of existing vePENDLEs on January 29th.

According to Pendle's official announcement, vePENDLE will be completely replaced by the sPENDLE mechanism. sPENDLE is a transferable, composable, liquid staking token with a 14-day exit period. Protocol revenue will be used to buy back PENDLE and distribute it to active sPENDLE holders; those not participating in governance will forfeit their current rewards. The original manual voting emission mechanism will be upgraded to an algorithmic model, expected to reduce emissions by 30%. A snapshot of existing vePENDLE will be taken on January 29th, and up to 4x virtual sPENDLE will be awarded based on the remaining lock-up time, with a gradual transition over two years.

January 30

At 21:30 on January 30, the United States will release its December PPI data and Canada will release its November GDP monthly rate.

Kalshi's Connecticut injunction was suspended by a judge, and he must submit further supporting materials for his motion by January 30.

The state of Connecticut issued a cease and desist order against prediction market platform Kalshi for allegedly engaging in unlicensed gambling activities; subsequently, a U.S. judge granted Kalshi a stay of the injunction. On December 2, the Connecticut Department of Consumer Protection (DCP) issued injunctions against Kalshi, Robinhood, and cryptocurrency exchange Crypto.com, accusing them of “conducting unlicensed online gambling activities in Connecticut through online sports event contracts.” The following day, Kalshi filed a lawsuit against the Connecticut DCP. On Monday, Connecticut Federal Court Judge Vernon Oliver ruled that the Connecticut DCP must “avoid taking enforcement action against Kalshi” while the court considers the company’s request to temporarily block regulatory action.

The ruling also stated that the Connecticut Department of Consumer Protection should submit a response to the company's motion by January 9, and Kalshi should submit further supporting materials for its motion by January 30. Oral arguments will be held in mid-February.

Infinex: Public offering subscriptions exceeded $7.2 million; TGE to be held on January 30.

Infinex announced on its X platform that its public sale has ended. The sale had 868 participants, raising 7.214 million USDC. Approximately $5 million (5% of the INX supply) was allocated, and approximately $2.21 million was refunded. After identifying and removing approximately $1.2 million in funds from "Tyrant" addresses, the maximum allocation per participant was $245,000, and 99.5% of participants received their full allocation. Refunds have been credited to users' Infinex accounts. Furthermore, TGE will take place on January 30th.

Flow: All counterfeit FLOW tokens have been recovered and will be destroyed on January 30th.

Flow issued an update on the attack incident on the X platform: its Community Governance Committee has completed the final recovery of counterfeit FLOW tokens that were not liquidated in centralized exchanges including Binance and HTX. All counterfeit tokens tracked by the forensic firm have been successfully recovered and are locked on-chain in segregation pending destruction, marking the completion of Phase 4 of the Segregated Recovery Program.

The permanent destruction of counterfeit tokens is scheduled for January 30, 2026. In the meantime, external legal counsel and forensic partners are coordinating with exchanges to assess the impact on users. The foundation is committed to fully cooperating with exchange partners to restore full functionality to all trading platforms as quickly as possible. Coinbase, Kraken, and Gate have already resumed deposit and withdrawal services.

January 31

Coinbase will suspend its local services in Argentina starting January 31, with plans to return to the market in the future.

Coinbase has announced that it will suspend its local services in Argentina starting January 31, 2026, at which time the ability to buy and sell USDC in Argentine pesos will cease. This decision stems from an internal review of the local market performance and aims to reposition itself with a stronger product portfolio after adjusting its strategy. Coinbase emphasizes that Argentina remains a strategic priority and that it will continue to deepen its presence in the Latin American market.

February 1

Magic Eden: Starting February 1st, 15% of all revenue will be directly injected into the ME token ecosystem.

Magic Eden announced that starting February 1st, the platform will directly inject 15% of all revenue into the ME token ecosystem to establish long-term value sharing between the platform and the ecosystem. This revenue will be distributed equally: 50% will be used to repurchase ME tokens on the open market, and 50% will be distributed to $ME stakers in USDC according to their staking weight. This move will replace the previous repurchase mechanism, which was limited to market revenue. USDC rewards can be claimed monthly, with the first claim opening in March. Rewards must be claimed within 90 days; otherwise, they will expire.

Token unlocking:

Sui (SUI) will unlock approximately 43.53 million tokens at 8:00 AM Beijing time on February 1st, representing approximately 1.15% of the circulating supply, with a value of approximately $64.4 million.

EigenCloud (EIGEN) will unlock approximately 36.82 million tokens at 12:00 PM Beijing time on February 1st, representing about 8.88% of the circulating supply, with a value of approximately $12.3 million.

Specific time to be determined

US Treasury Secretary Bessant: The Fed's nominee is expected to be announced as early as next week.

U.S. Treasury Secretary Bessant: We have four outstanding candidates vying for the Federal Reserve position, and I expect an announcement as early as next week.