After weeks in which the bitcoin BTC$87,851.82 price has been constrained mainly between $85,000 and $95,000, the crypto market may be thrown a reason to break out of the doldrums on Wednesday, when the Federal Open Markets Committee sets U.S. interest rates.
May, that is. Not will. The consensus, more than 97%, is for the Fed to keep rates steady at 3.50%-3.75%, according to the CME's Fedwatch tool. As ever, what's said at the post-decision press conference may be more influential than the decision itself.
U.S. earning season picks up. While there are no major crypto companies scheduled to report, investors are likely to keep an eye on electric-car maker Tesla (TSLA) and what it says about its stash of bitcoin. The company has more than 11,500 BTC, ranking it the 13th largest corporate holder, according BitcoinTreasuries.net.
Bybit, ranked the second-largest crypto exchange by CoinGecko, is also likely to be in the news. CEO Ben Zhou will unveil the company's road map for 2026 on Thursday. Almost one year ago, Bybit was targeted by North Korean hackers who got away with about $1.4 billion worth of ether ETH$2,894.83 and staked ether.
What to Watch
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Crypto
- Jan. 28, 1 p.m.: Hedera Network to undergo a mainnet upgrade expected to take about 40 minutes to complete.
- Jan. 29, 3 a.m.: Bybit CEO Ben Zhou to unveil the exchange's 2026 roadmap in a keynote titled “BUIDLing a New Financial Era.”
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Macro
- Jan. 26, 8:30 a.m.: U.S. durable goods orders MoM for November (Prev. -2.2%)
- Jan. 26, 10:30 a.m.: U.S. Dallas Fed manufacturing index for January (Prev. -10.9)
- Jan. 27: U.S. ADP employment change weekly (Prev. 8K)
- Jan. 27: U.S. S&P/Case-Shiller home price YoY for Nov. (Prev. 1.3%); MoM (Prev. -0.3%)
- Jan. 27, 6:50 p.m.: Bank of Japan monetary policy meeting minutes
- Jan. 27: Australia inflation rate YoY for December (Prev. 3.4%); MoM (Prev. 0.0%)
- Jan. 28, 9:45 a.m.: Bank of Canada interest rate decision (Prev. 2.25%)
- Jan. 28, 2:00 p.m.: Fed interest rate decision est. 3.75% (Prev. 3.75%)
- Jan. 28, 2:30 p.m.: Fed press conference on monetary policy
- Jan. 29, 12 a.m.: Japan consumer confidence for January (Prev. 37.2)
- Jan. 29, 8:30 a.m.: U.S. balance of trade for November (Prev. $331.4B)\
- Jan. 29, 8:30 a.m.: U.S. initial jobless claims for week ending Jan. 24 (Prev. 200K)
- Jan. 29, 6:30 p.m.: Japan unemployment rate for December (Prev. 2.6%)
- Jan. 30, 5 a.m.: European Economic Area GDP growth rate YoY flash for Q4 (Prev. 1.4%), QoQ flash (Prev. 0.3%)
- Jan. 30, 8:30 a.m.: U.S. PPI YoY for December (Prev. 3%), Core PPI YoY (Prev 3%)
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Earnings (Estimates based on FactSet data)
- Jan. 28: Tesla (TSLA), post-market, $8.22
Token Events
- Governance votes & calls
- Jan. 28: Gala DeFi to host an X Spaces ‘Gala Meme Hour’ session
- Jan. 29: Helium to host a deployer roundtable community call.
- Jan. 29: Alchemy Pay to host a community Ask Me Anything (AMA) session on Discord.
- Jan. 30: Conflux Network to host its quarterly community call.
- Maple Finance is voting on extending the 25% protocol revenue allocation to the Syrup Strategic Fund for H1 2026. Voting ends Jan. 26.
- Lido is voting to implement a dynamic DVT incentive model that adjusts reward splits based on operating costs, alongside reforming the Rewards Share Committee to support Lido V3 features like stVaults. Voting ends Jan. 26.
- Floki is voting on the final rankings for the FlokiUltras3 Guerrilla Marketing Competition, inviting the community to order the top 20 shortlisted entries based on creativity and impact. Voting ends Jan. 28.
- CoW DAO is voting to renew team grants. This includes a 5% base allocation over four years and up to 10% in performance incentives linked to revenue milestones. Voting ends Jan. 28.
- Beefy DAO is voting on whether to reallocate protocol revenue to a new “Protocol Coverage Fund” to finance Nexus Mutual coverage that benefits Beefy users. Voting ends Jan. 29.
- Sushi is voting to execute the migration of ~$57M in legacy liquidity to V3 protocol-deployed positions. Voting ends Jan. 29.
- GMX DAO is voting on a two-year funding framework for GMX Labs, establishing an annual operating budget of $7M–$9M sourced from V2 protocol fees Voting ends Jan. 30.
- Unlocks
- Jan. 26: BGB$3.5856 to unlock 10.5% of its circulating supply worth $508.2 million.
- Jan. 28: SIGN$0.04036 to unlock 17.68% of its circulating supply worth $11.85 million.
- Jan. 28: JUP$0.1901 to unlock 1.7% of its circulating supply worth $10.49 million.
- Jan. 30: KMNO$0.04630 to unlock 3.68% of its circulating supply worth $11.22 million.
- Token Launches
- Jan. 27: Theo Network expected to make an announcement that may be linked to the introduction of thGOLD.
- Jan. 28: SuperRare to launch the VORGIANS profile picture collection.
Conferences
- Jan. 28-30: WallStreetBets Live (Miami, Florida)
- Jan. 30-31: Plan B Forum (El Salvador)
- Jan. 30- Feb. 2: CatLumpur 26 (Kuala Lumpur)