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9h05 ▪ 3 min read ▪ by Ariela R.

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South Dakota wants its share of the digital pie. A new bill proposal could allow the state to invest part of its public funds in bitcoin. The idea resurfaces after an initial failure in 2025.

In brief South Dakota wants to invest up to 10% of its public funds in bitcoin. The project includes advanced security mechanisms to oversee the institutional adoption of this flagship crypto asset. South Dakota wants to integrate bitcoin into its public funds Republican representative Logan Manhart returns with the HB 1155 project. This would authorize the state to invest up to 10% of its public funds in bitcoin.

Very close to a previous rejected one, this text aims concretely to modify the local financial code to entrust this allocation to the State Investment Council. South Dakota would thus join states like Texas, Arizona, and New Hampshire, already converted to institutional adoption of bitcoin.

These territories consider the king of digital assets as a potential reserve, just like gold and other safe havens. But not only! In this context, cryptocurrencies would represent more than a diversification tool. Some legislators see them as a statement of financial sovereignty.

Security, strategy, and tensions around bitcoin adoption The HB 1155 bill does not just bet on BTC volatility. It also includes precise secure storage protocols: multi-signature governance, encrypted keys, and physical hardware. These safeguards aim to reassure a population still wary of hacking risks or mismanagement.

Behind this initiative, a national trend emerges. At the federal level, a decree by US President Donald Trump mentioned in 2025 the creation of a strategic bitcoin reserve. But lack of clear legislative support still hinders its implementation.

Discussions around alternative crypto investment pit innovation supporters against defenders of classic public management rules. The movement is nevertheless gaining ground, driven by logic of disintermediation and reduced dependence on the dollar.

At any rate, the return of this legislative text reflects an evolution: American states no longer wait for Washington’s impulse to carve their path in the bitcoin universe. Other jurisdictions might soon cross this threshold!

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Ariela R.

My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Arthur Hayes says covert Fed liquidity to support the yen could mechanically lift Bitcoin and crypto prices.

Former BitMEX CEO Arthur Hayes has proposed that the U.S. Federal Reserve could soon expand its balance sheet to support the Japanese yen and government bonds.

He argued that this covert money printing would directly lift the price of Bitcoin (BTC) and other cryptocurrencies.

Hayes Links Yen Stress, Fed Action, and Crypto Markets In a January 28 essay titled “Woomph,” Hayes stated that the Fed has the legal authority to intervene in foreign exchange and bond markets, which would address economic pressures in Japan that threaten U.S. Treasury stability. According to him, the implication of that move for crypto markets is simple:

“Bitcoin and quality shitcoins will mechanically levitate in fiat terms as the quantity of paper money rises.”

Hayes constructed a scenario where the New York Federal Reserve, coordinating with the U.S. Treasury, creates new dollar reserves to buy Japanese yen. Those yen would then be used to purchase Japanese Government Bonds (JGBs). The goal would be to strengthen the yen and lower JGB yields, preventing Japanese investors from selling U.S. Treasuries to repatriate funds since a mass sale could spike U.S. borrowing costs.

He pointed to a concrete event as potential evidence: a “rate check” by the New York Fed on USD/JPY exchange rates on January 23. Analysts at QCP Capital noted on January 26 that this action hinted at official sensitivity to a weakening yen and made traders defensive. Hayes interpreted these actions as the Fed “deliberately and publicly telegraphing its intentions.”

The legal mechanism, according to the crypto veteran, involves the Treasury’s Exchange Stabilization Fund and the Fed’s authority to hold foreign currency assets. He wrote,

“Buffalo Bill Bessent can intervene in the currency markets… The Treasury taps the NY Fed to help manipulate the markets.”

In his opinion, confirmation would be visible in the weekly growth of the “Foreign Currency Denominated Assets” on the Fed’s balance sheet.

You may also like: Super Wednesday: Will the Fed and Oil Data Trigger Massive Bitcoin Volatility? Ripple (XRP) and Cardano (ADA) Show Deeper Undervaluation Than Bitcoin (BTC) ‘Bitcoin Isn’t in a Bull Market:’ Expert Warns $80K Wasn’t the Bottom Market Skepticism Remains Despite Liquidity Thesis Hayes’ prediction contrasts with a prevailing cautious tone in crypto markets. Bitcoin has struggled to hold above $90,000, trading around $89,000 at the time of this writing after briefly dipping lower.

Other experts have also looked to Japan for macro direction. Last week, market watcher Michaël van de Poppe suggested that the Japanese Central Bank needed to intervene in the bond markets, which would allow risk-on assets to continue moving.

Meanwhile, Hayes has acknowledged that his idea is currently a theory, stating, “What I will present is a theory which the actual flow of money… doesn’t support yet.” He has made his trading contingent on observing the Fed’s balance sheet expand. His view is that such intervention would create dollar liquidity globally, weakening the dollar index and providing fuel for asset price inflation.

For crypto investors, the BitMEX cofounder’s analysis frames the upcoming reports on the Fed’s balance sheet as critical data points for judging the market’s next major move.

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Hyperliquid price is gaining momentum as increased commodity trading and token burn mechanics drive renewed interest and market activity.

Summary

Hyperliquid’s surge is fueled by rising trading activity and growing investor interest. Token burns linked to platform usage are strengthening demand and supporting price action. Market sentiment and technical signals indicate continued bullish momentum and potential upside. Hyperliquid has maintained its recent momentum, rising an additional 23% in the last day to approximately $33.46 at the time of writing. After breaking out of a tight trading range and moving toward the top of its weekly levels, the token has gained more than 50%, capping a strong seven-day run.

Even with the sharp rebound, Hyperliquid (HYPE) remains well below its September 2025 peak near $59, showing just how hard it had fallen before this recent move. Trading activity has picked up quickly alongside the price, with spot volume surging more than 90% in the past 24 hours.

Derivatives markets suggests the rally is being driven largely by growing speculative interest, rather than steady spot buying. CoinGlass data shows derivatives volume up nearly 175% to $5.3 billion, while open interest rose over 21% to $1.84 billion.

This combination suggests fresh positions are being opened at higher prices, not just traders closing shorts, which often adds fuel to fast directional moves.

Trading activity on Hyperliquid rises The price jump has been closely tied to a sharp rise in activity on the Hyperliquid platform, led by commodity perpetual contracts. Silver trading has exploded in particular, with daily volume climbing past $1.2 billion and open interest expanding quickly. Gold and other metals have also seen heavier flows, lifting overall fee generation.

That surge in activity matters for HYPE holders. Hyperliquid directs up to 97% of its trading fees for token purchases and burns. As volumes increase, more tokens are removed from circulation. With this mechanism, usage is directly tied to token demand and price action

Hyperliquid’s HIP-3 framework enables its commodity trading feature. As long as 500,000 HYPE is staked, users can create perpetual contracts linked to assets other than cryptocurrencies, such as stocks, commodities, and indices. This has helped in diversifying activity and drawing in new traders.

The team reported in a Jan. 26 post on X that open interest on upgraded markets had risen to a record $790 million, a significant increase from roughly $260 million a month prior.

Hyperliquid price technical analysis From a chart perspective, HYPE has staged a sharp rebound from the lower Bollinger Band near $18.80. That move marked a clear shift in short-term trend, with buyers stepping in aggressively after a prolonged decline.

Hyperliquid daily chart. Credit: crypto.news Volatility has expanded since then. Bollinger Bands, which were tightly compressed during consolidation, have opened up to the upside. Such expansions often accompany fast directional moves rather than slow, sideways trading.

Momentum indicators confirm the strength of the push. The relative strength index has moved above 70, reflecting heavy buying pressure, though it also increases the chance of a pause or pullback. Price has reclaimed the 20-day moving average near $24.70, which now serves as the first line of support.

Attention is now on the $34–$36 zone, where previous selling pressure emerged. A clean daily close above that area would strengthen the bullish case and open the door toward the $48–$50 region.

If price stalls, a cooldown toward $30.50 or $28.00 would not be unusual. A sustained drop back below $28 would weaken the recovery and put the recent advance under strain.

Tether Quietly Becomes One of the Biggest Global Gold Market Players, Holds 140 Tons of Gold

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Crypto giant Tether Holdings has been shaking up the rising gold market with massive metal hoarding over the past year. The stablecoin issuer now holds around 140 tons of gold, according to CEO Paolo Ardoino.

In an interview with Bloomberg, Ardoino spoke that Tether aims to continue to cultivate its massive profits from holding, competing with banks in bullion trading.

“We are soon becoming basically one of the biggest, let’s say, gold central banks in the world,” he noted.

Tether’s Rapid Gold Purchases in Past YearThe crypto firm bought more than 70 tons of gold over the course of last year for its reserves as well its gold-backed stablecoin XAUT, a Wednesday Bloomberg report read.

The yellow metal hoarding is more than that was reported by the three largest exchange-traded funds, it added.

With 140 tons of gold reserves, the Tether bullion hoarding is worth $23 billion at current market prices, the largest known treasury outside of those held by central banks, ETFs and private banks.

Ardoino noted that the company has been accumulating more than a ton of gold every week. “And it’s only growing,” he said, adding that Tether intends to continue it for “definitely the next few months.”

“Then of course, based on the market, we are going to decide, but yeah, I think we will continue in this direction,” Ardoino said. “Maybe we are going to reduce, we don’t know yet. We are going to assess on a quarterly basis our demand for gold.”

Tether Stores Bullion in Swiss Nuclear BunkerThe USDT issuer is particular in storing its massive gold hoardings. The company has taken “the unusual step” of storing the precious metal in the former nuclear bunker in Switzerland, guarded by multiple layers of thick steel doors, Ardoino, 41, added.

“It’s a James Bond kind of place, it’s crazy,” he described the vaults.

Besides, Tether is also looking to trade the precious metal, competing with major Wall Street players, including JPMorgan Chase & Co. and HSBC.

“Our goal is to have a steady, stable, long-term access to gold,” Ardoino noted.

Following the news, Tether’s gold-backed XAUT stablecoin soared 3.99% over the last 24 hours, per CoinMarketCap data. The asset extended its weekly (+8.88%) and monthly (+18.06%) gains amid broader bullion strength.

The crypto firm’s gold holdings surpasses nations like Greece and Australia, positioning it among the top 30 global holders.

Arthur Hayes says stealth Fed support for the yen could expand dollar liquidity, weaken the DXY, and mechanically push Bitcoin and majors to new highs.

Summary

Hayes outlines a “Woomph” scenario where the NY Fed and U.S. Treasury quietly create dollar reserves to buy yen and JGBs, shoring up Japan’s bond market.​ He argues any balance-sheet expansion would weaken the dollar index and “mechanically” levitate Bitcoin and quality altcoins as fresh liquidity chases risk assets. Bitcoin stalls near record territory while Ethereum and Solana trade in tight ranges as traders watch weekly Fed foreign-asset data for confirmation of the thesis. Former BitMEX CEO Arthur Hayes is betting that quiet Federal Reserve intervention to support the Japanese yen could be the next spark for a renewed Bitcoin (BTC) rally, even as the market hesitates near record highs.​

Fed, Yen, and the “Mechanical” Bitcoin Trade In a new essay titled “Woomph,” Hayes argues that the Fed has both the legal room and the incentive to expand its balance sheet to stabilize Japan’s currency and bond market, a move he believes would spill directly into crypto. “Bitcoin and quality shitcoins will mechanically levitate in fiat terms as the quantity of paper money rises,” he wrote, tying any new dollar liquidity to higher nominal prices for risk assets.

Hayes sketches a scenario in which the New York Fed, acting with the U.S. Treasury, creates fresh dollar reserves to buy yen, which are then recycled into Japanese Government Bonds (JGBs) to strengthen the yen and cap yields. The point, in his view, is to keep Japanese investors from dumping U.S. Treasuries en masse, a selloff that could “spike U.S. borrowing costs” and undermine financial stability.​

Signals, Theory, and Market Skepticism Hayes sees recent market signals as clues that policymakers are already probing this path. He cites a January 23 “rate check” by the New York Fed on the USD/JPY pair and notes that QCP Capital analysts read the move as evidence of growing official concern over yen weakness. He interprets this as the Fed “deliberately and publicly telegraphing its intentions,” even if no formal program has been announced.​

The mechanism, he says, would likely run through the U.S. Treasury’s Exchange Stabilization Fund, alongside the Fed’s authority to hold foreign currency assets. “Buffalo Bill Bessent can intervene in the currency markets… The Treasury taps the NY Fed to help manipulate the markets,” Hayes wrote, adding that confirmation would appear in weekly increases in the “Foreign Currency Denominated Assets” line on the Fed’s balance sheet.​

Prices, Positioning, and What Comes Next For now, Hayes is explicit that his framework remains hypothetical: “What I will present is a theory which the actual flow of money… doesn’t support yet.” He says his own trading stance depends on seeing the Fed’s balance sheet actually expand, arguing that such a move would weaken the dollar index and “provide fuel for asset price inflation” across global markets.

Crypto traders remain cautious. Bitcoin has struggled to sustain levels above $90,000, recently trading near $89,000 after a brief dip below $88,000, underscoring lingering profit‑taking and macro uncertainty. Major altcoins are mixed: Ethereum changes hands around $3,000, up roughly 2–3 percent over the past 24 hours, while Solana trades in the low‑190 dollar area, with its 24‑hour range clustered between about $185 and $194.

Other analysts are also watching Tokyo. Market commentator Michaël van de Poppe has argued that renewed Bank of Japan bond support could “allow risk-on assets to continue moving,” putting Japanese policy firmly on crypto traders’ macro dashboards. For now, Hayes’ thesis turns weekly Fed data into a potential trading trigger—an abstract balance‑sheet line item that could, if he is right, become a very concrete catalyst for Bitcoin.

Stablecoin giant Tether is significantly expanding its gold reserves by buying up to 2 tons of gold per week and storing it in secure Swiss vaults. Switzerland has over 370,000 nuclear bunkers, a holdover from the Cold War, that are hardly ever deployed.

However, one of them is a flurry of activity. Tether Holdings SA owns the high-security vault that receives almost a ton of gold every week. It is now the largest known stash of bullion outside of banks and nation-states.

Tether emerges as a major gold market player Over the past year, Tether has become a major player in the global gold market, contributing to prices surpassing $5,100 an ounce. Chief Executive Officer Paolo Ardoino said, “We are soon becoming basically one of the biggest, let’s say, gold central banks in the world.” However, even in these historic times for the gold market, Tether’s activities stand out.

In 2025, Tether increased its purchases, buying more than 70 tons of gold for its reserves and its own gold stablecoin. That’s more than was reported by almost any single central bank. Only Poland, which increased its reserves by 102 tons, made higher declared purchases. 

It also exceeded the purchases made by all but the three largest exchange-traded funds, which result from the combined efforts of tens of thousands of individual investors and traders.

Ardoino stated that the corporation has over 140 tons of gold, the majority of which are its own reserves and the bullion that supports its own gold token. The greatest known hoard of metal, aside from those held by central banks, exchange-traded funds (ETFs), and commercial banks whose vaults support the major trading hubs, is estimated to be worth $23 billion.

He went on to say that Tether had been purchasing gold at a rate of about 1 to 2 tons a week, and planned to continue doing so for “definitely the next few months.” When asked whether Tether might reduce its gold purchases, Adroino replied that the firm had not yet made a decision and would evaluate its position every quarter.

Adroino also revealed that Tether makes money from its dollar stablecoin. Currently, the dollar stablecoin has $186 billion in circulation.

Tether expands stablecoin portfolio with XAU₮ and USA₮ Building on its growing gold reserves, through Tether Gold (XAU₮), Tether is further establishing its dominance in the gold-backed stablecoin market.

A Cryptopolitan report dated January 26 found that gold-backed stablecoins saw a sharp rise in market capitalization from over $1.3 billion to over $4 billion in 2025. Of these, XAU₮ dominated both issuance and circulation, making up about 60% of the supply of gold-backed stablecoins in this market.

The report noted that geopolitical fragmentation, historically high gold prices, and rising institutional and digital-native demand for fully on-chain safe-haven assets were the main causes of this.

Tether reported that at the end of quarter four of last year, the total market capitalization of XAU₮ tokens was $2.25 billion, with 409,217.640000 XAU₮ tokens sold and 110,871.660000 XAU₮ available for purchase.

Following these end-of-year data, Tether Gold Investments added more than 27 metric tons of gold to its fund exposure. It outpaced the purchases made by most individual central banks in the same period.

In another Cryptopolitan report on Tuesday, Tether introduced USA₮, a dollar-pegged stablecoin designed for use in U.S. jurisdictions. The GENIUS Act, which governs stablecoin issuance in the United States, was used to issue the stablecoin.

According to Tether, the introduction of USA₮ represents a major turning point for both the firm and the US dollar in the digital space. The new stablecoin “reinforces the strength of the U.S. dollar at a moment when countries are competing to shape the future of money,” according to the cryptocurrency business.

The company further stated that the new stablecoin draws on features such as scale and operational maturity from USDT, the stablecoin that dominates the global market.

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Ripple, a prominent blockchain company headed by Brad Garlinghouse, has reiterated its commitment to its native token, XRP. Amid surging doubts surrounding the token’s role in the company’s long-term roadmap, Ripple executive Reece Merrick underscored its key position. Despite the firm’s rapid expansion and collaborations, XRP remains its core asset, the company asserted.

Ripple Signals XRP Remains Core to Its Long-Term Vision In an X post earlier today, Ripple executive Reeve Merick emphasized the XRP token’s critical role in the company’s long-term vision. He wrote, “XRP will continue to be at the heart of the Ripple vision.”

Merick is highlighting the blockchain firm’s commitment to its native token with this statement. The company is assuring both the market and community members that XRP will remain vital to its future growth regardless of Ripple’s current activities and the hype surrounding the RLUSD stablecoin. The company has expanded into custody, stablecoins, and prime brokerage services, but its primary business focus remains on XRP as its main strategic element.

His words do not stand alone. Previously, when Ripple CEO Brad Garlinghouse revealed the acquisition of GTreasury and Hidden Road, he underscored the significance of the native token. He posited, “I’m reminding you all that XRP sits at the center of everything Ripple does.” He reassured the community of the token’s all-time significance while Ripple is evolving beyond the payments-focused company.

The latest statement comes ahead of a major event scheduled for February 11, 2026. The company plans to explain how XRP fits its expanding ecosystem. Led by Ripple President Monica Long and moderated by Jacquelyn Melinek, CEO of Token Relations, the event is expected to play a key role in the evolution of XRP in the upcoming years. The event is slated to take place on X Spaces, focusing on Ripple’s evolution and why XRP continues to play a central role in the firm’s future strategies. In an X post, Ripple unveiled the event, writing,

“XRP Community Day continues with Monica Long joining the Americas session to discuss Ripple’s evolution and why XRP remains core to the company’s strategy.”

Expanding Beyond Payments Notably, Ripple has been expanding its operations beyond cross-border payments. This indicates that the company intends to push itself into institutional-grade financial services. Positioning itself as an all-comprehensive blockchain infrastructure provider, the platform has launched its own RLUSD stablecoin, custody solutions, and prime brokerage platform.

The latest development includes the launch of Ripple Treasury, an enterprise-focused treasury solution that combines traditional cash management with digital assets. The move is part of the company’s vision of expanding real-world applications for XRP-powered payment infrastructure.

Ripple has launched Ripple Treasury, a corporate treasury platform that integrates GTreasury's enterprise software with Ripple’s blockchain infrastructure.

In a Tuesday blog post, Ripple wrote that the new platform combines traditional cash management with digital asset operations in a single system. It aims to streamline corporate treasury functions such as cross-border payments, liquidity management and asset reconciliation.

The release marks the first major product integration since Ripple acquired Chicago-based GTreasury for $1 billion in October. At the time, GTreasury Chief Executive Renaat Ver Eecke described the deal as a "watershed moment" for treasury management.

Ripple said the new platform is designed to address operational frictions in corporate treasury, including delayed settlement time, limited visibility into cross-border payments, and fragmented systems used to reconcile traditional cash with digital assets.

According to the statement, Ripple Treasury enables cross-border settlements in three to five seconds using Ripple's RLUSD stablecoin, compared with traditional settlement cycles that can take several business days.

The platform also provides a single interface for managing both fiat and digital assets, replacing manual spreadsheet-based processes with direct API integrations that treat digital asset platforms as "digital banks," Ripple said.

Ripple previously said the GTreasury integration would allow customers to access short-term liquidity markets through its broader institutional product suite. Access to repo markets is expected to be enabled via prime broker Hidden Road, which Ripple acquired for $1.25 billion last year.

Ripple and GTreasury added that they plan to focus on enabling customers to deploy excess cash more efficiently while maintaining existing treasury controls and reporting standards.

Global expansion The rollout comes as Ripple continues an aggressive expansion of its regulated payments and financial services footprint across major jurisdictions.

Earlier this month, Ripple received approval from the UK's financial regulator for its Electronic Money Institution license and crypto asset registration, clearing the way for the company to expand its payments platform. Ripple also secured preliminary approval this month for an EMI license from Luxembourg's Commission de Surveillance du Secteur Financier.

In the U.S., Ripple applied for a national banking license with the Office of the Comptroller of the Currency in July 2025. The move followed similar applications from crypto-native firms including Circle Internet Group and BitGo, and more recently Nomura-backed Laser Digital, the Financial Times reported.

Meanwhile, Ripple has said it does not plan to pursue an initial public offering, citing a strong balance sheet and a focus on growth initiatives following a series of acquisitions, including Hidden Road and stablecoin platform Rail.

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Ethereum announced the proposition ERC-8004 is going on the main net soon. The upgrade will allow communication between AI agents. 

The Ethereum network will soon introduce the ERC-8004 standard, the Ethereum Foundation announced. To date, agentic tasks have been performed on an ad-hoc basis, with a human element. Ethereum aims to make agent-to-agent transactions a main feature of its network. 

ERC-8004 will enable discovery and portable reputation, meaning agents can interact across organizations. AI services may be able to join the permissionless on-chain economy based on their reputation score, without the need for extra verification steps. 

Ethereum is in the unique position to be the platform that secures and settles AI-to-AI interactions.

The ERC-8004 standard is coming to mainnet. pic.twitter.com/sjMziiPuaQ

— Davide Crapis (@DavideCrapis) January 27, 2026

The proposal was built by Marco De Rossi, Davide Crapis, Jordan Ellis, and Erik Reppel, representing MetaMask, Ethereum, and Coinbase. 

Ethereum to build an AI agent reputation system The ERC-8004 proposal aims to use blockchains to discover AI agents, choose, and interact across organizations, with no pre-existing screening. The goal is to create an open-ended agent economy. In crypto, AI agents are competing with mainstream launches, as in the case of Cloudflare’s Clawdbot AI.

The testing trust models are tiered and will be used to protect the value at risk. Agentic tasks may range from ordering a pizza to high-stakes transfers or decisions. Even before the main net launch, the ERC-8004 proposition has brought teams working on agentic and screening solutions. 

ERC-8004 ecosystem map (updated)

Here’s the teams building the Trustless AI Agents ecosystem 👇 pic.twitter.com/tPzUyBx4gd

— Vitto Rivabella (@VittoStack) January 19, 2026

Developers will be able to choose different trust models – reputation from client feedback, validation by staking, ZK machine learning proofs, or trusted execution environment oracles. 

ERC-8004 can bring the AI agent tools to the main net or any L2 network in the Ethereum ecosystem. The goal is to have a way to allow free agentic activity with sufficient checks and filtering to avoid risk. 

AI agents may boost Ethereum activity Ethereum activity remains near an all-time high. For now, the network relies on smart contracts, bots, and some regular users. Ethereum daily activity still brings nearly 1M daily active wallets and is close to an all-time peak. 

AI agents were more of a novelty on all networks, relying on human input and limited operations. Most of the agents built a presence on social media, with some handling limited trading tasks. Some of the agents built a tokenized economy, but still depended on crypto market forces for their valuation. 

Real interest in agents is yet to peak. For now, there are early signs, such as a high bid for the agent.eth ENS address. The rise in agent creation and usage may also revive the ENS market as a reputational tool. 

In the past, AI agent creation has been gamified, as in Base’s AI agent wars. Agent creation has also been linked to tokenization and trading. Ethereum’s new proposal may turn AI agents from novelty and hype into part of crypto’s infrastructure, with more tools to perform useful tasks. 

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Lawmakers revive plan to modernize South Dakota’s investment strategy with cryptocurrency exposure.

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Published: January 28, 2026 │ 8:45 AM GMT

Created by Gabor Kovacs from DailyCoin

South Dakota lawmakers are reconsidering a proposal that would allow the state to invest public funds in Bitcoin, reviving a plan first introduced last year.

Proposed Investment FrameworkRepublican State Representative Logan Manhart has reintroduced legislation that would amend South Dakota’s public investment rules, permitting the State Investment Council to allocate up to 10% of eligible state-managed funds to Bitcoin. 

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Eligible funds include pensions, endowments, and other professionally managed state portfolios.

The bill outlines multiple routes for Bitcoin exposure, including direct holdings, regulated custodians, and exchange-traded products. 

It also establishes security and operational protocols, emphasizing custody, auditability, and hardened storage to mitigate risks related to private key management.

Legislative Context and ImplicationsManhart described the initiative as a balance-sheet modernization effort. A similar proposal stalled during the previous legislative session.

The legislation has received its first reading and been referred to committee. Its passage would signal growing state-level acceptance of Bitcoin, providing a framework for public fund investment and governance that other states may reference.

State-Level Bitcoin MovesSouth Dakota’s proposal comes as more U.S. states explore Bitcoin in public finance. New Hampshire became the first to pass a strategic Bitcoin reserve law, allowing up to 5% of public funds in high‑cap digital assets. 

Texas followed with its own state‑managed Bitcoin reserve legislation. Arizona updated its unclaimed property rules to hold seized digital assets in their original form. The moves signal growing experimentation with cryptocurrency in state treasuries.

Why This MattersIf passed, the bill would make South Dakota one of the few U.S. states formally allowing public funds to hold Bitcoin, signaling a potential shift in how state treasuries approach cryptocurrency.

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People Also Ask:What is a strategic Bitcoin reserve?

It is a state-managed fund that allocates a portion of public money to Bitcoin, often capped at a set percentage, as a long-term hedge.

Can U.S. states invest public funds in Bitcoin?

Some states have passed laws allowing limited Bitcoin exposure, including New Hampshire and Texas. Proposals are emerging in others, like South Dakota.

How do states manage Bitcoin security for public funds?

Legislation typically mandates secure custodians, hardened storage, auditability, and strict operational protocols for private key management.

Why are states considering Bitcoin for public funds?

Bitcoin is increasingly viewed as a long-term hedge and an alternative asset, prompting some states to explore legal frameworks for public fund investment.

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Posted: January 28, 2026

It appears the memecoin risk appetite is back. 

According to blockchain analytics firm Artemis, the number of returning users on the memecoin creator platform Pump.fun has hit a record high of nearly 20K. 

These were traders (wallets) that hadn’t been active for about six months until recently, suggesting the memecoin trenches were waking up again. 

Source: Artemis

Memecoin has been the key driver of overall Solana DEX volumes and, by extension, the native token SOL. As a result, the renewed speculative interest in memecoins may be a tailwind for both PUMP and SOL.  

As such, AMBCrypto further explored how the recent resurgence of memecoin appetite has impacted these two assets. 

Pump.fun’s activity and revenue double In January, DeFiLlama data showed that Pump.fun’s DEX volume doubled from $45 million to $106 million. Over the same period, the generated revenue expanded 2x from $700K to $1.5 million. 

Source: DeFiLlama

Since over 90% of the collected revenue ends up buying back PUMP tokens, the early 2026 traction has been net positive to PUMP price action.

The token has exploded nearly 77% from the December low of  $0.0017. At press time, it traded at $0.0031. 

In fact, as of mid-January, the PUMP buyback program climbed to nearly $11 million on a weekly average, hitting levels last seen in September before broader market sentiment soured.  

Source: Blockworks

In other words, the memecoin mania was slowly creeping in, and PUMP’s explosive recovery was one of the telltale signs. 

But did the traction spill into the broader Solana ecosystem?

A recent AMBCrypto report showed stablecoin supply on Solana printed a record high in January.

At the same time, memecoins’ share in Solana’s DEX volumes surged to 63%, underscoring that the risk appetite was indeed rekindled in early 2026. 

The results? SOL’s price fronted a 16% recovery but erased some gains at the time of writing.  

What’s next for PUMP and SOL? The above correlation was a testament to how impactful memecoins are on Solana and SOL’s price dynamics. Should the memecoin demand pick up momentum, this could bolster PUMP and SOL’s recovery outlook. 

In particular, for SOL, such a move may be confirmed by defending the $120 support with $140 and $170 as immediate upside targets. This would translate to 16% and 42% potential gain, respectively. 

For PUMP, a decisive reclaim of $0.0037 as support would open up a possibility of eyeing $0.004 and $0.005, representing a potential 20% and 50% gain. 

Source: PUMP vs SOL price, TradingView 

Final Thoughts Pump.fun’s volumes and revenue doubled in January, scaling buybacks and driving PUMP’s price up by 76%  The renewed memecoin appetite could boost SOL’s recovery if broader market sentiment improves.

Plants hang from lights at a display of German energy firm Uniper during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren Purchase Licensing Rights, opens new tab

CompaniesBERLIN, Jan 28 (Reuters) - The European Union has acknowledged that Uniper (UN0k.DE), opens new tab can't meet one of the key conditions for approving a 13.5 billion euro ($16.2 billion) bailout, the German utility's CEO said, adding its Russian division Unipro was currently unsellable.

Uniper had to be rescued by Berlin in 2022 in the wake of Europe's energy crisis and Brussels set a number of conditions to approve the bailout, including the disposal of ten assets by end-2026, nine of which have been divested or are being sold.

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Russia's Unipro (UPRO.MM), opens new tab, in which Uniper holds an 83.7% stake currently valued at 106.5 billion roubles ($1.4 billion), remains on the list but has been put under administration by Moscow, effectively stripping its owner of any control.

"Brussels understands that Unipro is in a different category from all of the other assets on the list," the group's CEO Michael Lewis told Reuters at the Handelsblatt energy summit. "Brussels understands that we don't have control over it and we can't sell it."

Lewis said any proceeds from a potential Unipro sale down the line would be an upside since it was written off, adding he expected the division to remain under Russian control for now.

($1 = 0.8338 euros)

($1 = 76.2455 roubles)

Reporting by Christoph Steitz Editing by Ludwig Burger

Our Standards: The Thomson Reuters Trust Principles., opens new tab

, /PRNewswire/ --

Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Trip.com Group Limited (NASDAQ: TCOM) resulting from allegations that Trip.com Group Limited may have issued materially misleading business information to the investing public.

So What: If you purchased Trip.com Group Limited securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=50668 mailto:or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

What is this about: On January 14, 2026, Investing.com published an article entitled "Trip.com stock falls after Chinese regulators launch antitrust probe." The article stated that Trip.com stock fell after "the Chinese travel service provider disclosed it is under investigation by China's market regulator for potential antitrust violations."

On this news, Trip.com American Depositary Shares ("ADS") fell 17% on January 14, 2026.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions.  Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40th Floor
      New York, NY 10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      [email protected]
      www.rosenlegal.com

SOURCE THE ROSEN LAW FIRM, P. A.

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Important DisclaimersFXEmpire is owned and operated by Empire Media Network LTD., Company Registration Number 514641786, registered at 7 Jabotinsky Road, Ramat Gan 5252007, Israel. The content provided on this website includes general news and publications, our personal analysis and opinions, and materials provided by third parties. This content is intended for educational and research purposes only. It does not constitute, and should not be interpreted as, a recommendation or advice to take any action, including making any investment or purchasing any product. Before making any financial decision, you should conduct your own due diligence, exercise your own discretion, and consult with competent advisors. The content on this website is not personally directed to you, and we do not take into account your individual financial situation or needs. The information contained on this website is not necessarily provided in real time, nor is it guaranteed to be accurate. Prices displayed may be provided by market makers and not by exchanges. Any trading or other financial decision you make is entirely your own responsibility, and you must not rely solely on any information provided through the website. FXEmpire does not provide any warranty regarding the accuracy, completeness, or reliability of any information contained on the website and shall bear no responsibility for any trading losses you may incur as a result of using such information. The website may include advertisements and other promotional content. FXEmpire may receive compensation from third parties in connection with such content. FXEmpire does not endorse, recommend, or assume responsibility for the use of any third-party services or websites. Empire Media Network LTD., its employees, officers, subsidiaries, and affiliates shall not be liable for any loss or damage resulting from your use of the website or reliance on the information provided herein.Risk DisclaimersThis website contains information about cryptocurrencies, contracts for difference (CFDs), and other financial instruments, as well as about brokers, exchanges, and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and involve a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. FX Empire encourages you to conduct your own research before making any investment decision and to avoid investing in any financial instrument unless you fully understand how it works and the risks involved.

The SK hynix logo appears in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab

SEOUL, Jan 28 (Reuters) - South Korea's SK Hynix (000660.KS), opens new tab said on Wednesday that quarterly profit more than doubled to a record, comfortably beating forecasts on relentless demand for artificial intelligence that has lifted prices for both advanced and conventional memory chips.

The Nvidia (NVDA.O), opens new tab supplier logged a 137% surge in operating profit to 19.2 trillion won ($13.5 billion) for the fourth quarter, according to Reuters calculations.

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That compared with 8.1 trillion won a year earlier and a 17.7 trillion won consensus prediction from LSEG SmartEstimate, which is weighted toward analysts with a more consistent track record.

SK Hynix will hold a briefing on its fourth-quarter earnings results on Thursday.

SK Hynix has managed to carve out an enviable lead in high bandwidth memory (HBM) used in artificial intelligence chipsets designed by the likes of Nvidia, commanding a 61% share of the HBM market, according to Macquarie Equity Research.

It is also benefiting as tight supply and rising AI demand push up prices for commodity DRAM and NAND chips used in servers, personal computers and mobile devices.

For example, contract prices for 16 gigabyte DDR5, a popular type of DRAM chip, more than quadrupled last quarter from a year earlier, according to market tracker TrendForce.

TrendForce expects conventional DRAM contract prices to rise a further 55% to 60% in the current quarter from the previous one.

($1 = 1,422.2400 won)

Reporting by Heekyong Yang; Editing by Miyoung Kim and Edwina Gibbs

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Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) has reported results from the 50%-owned Mateguafa 8 appraisal well on the Tapir Block in Colombia’s Llanos Basin, where the well has now been placed on production.

M-8 was spudded on 14 December and reached target depth on 18 December, encountering several hydrocarbon-bearing intervals. After testing three Carbonera C7 sands with uneconomic outcomes, the company said it completed the well in the Carbonera C9 formation, with about 30 feet of oil pay and an electric submersible pump installed.

The well was brought online at a heavily restricted rate, and was flowing at around 230 barrels of oil per day gross, with 31° API oil and a 78% water cut, and, according to Arrow, it appears capable of higher rates as operations stabilise.

“With M-8 successfully encountering the C9 formation, we continue to view this as an excellent producing zone into which the company plans to drill further horizontal and vertical wells," said chief executive Marshall Abbott.

"The M-8 well tested the northernmost extent of the C9 formation and the success of this well in this formation indicates there are additional opportunities to the north.  In the M-8 well the C7 zone was not economic but showed very strong oil shows in petrophysical logs and the Company is exploring strategies to best produce the C7 zone in this area."

Abbott added: "The M-8 well reinforces the materiality that the Mateguafa Attic discovery represents for Arrow."

Arrow meanwhile highlighted that total corporate production, including restricted M-8 output, is about 4,625 boe/d and that it began 2026 with a cash balance of $11.5 million, and no debt.

It has also spud the Mateguafa HZ9 well and expects to drill and complete it in about three weeks, before bringing the well onto production. After that, the rig will move on to drill an exploration well at Icaco in Q2.

"Future wells will help determine the extent of the pools and the potential reserves additions... We look forward to providing further updates on the low-risk ongoing development of the Mateguafa Attic field."

The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index remained in the “Greed” zone on Tuesday.

U.S. stocks settled mixed on Friday, with the Dow Jones index falling more than 400 points and the Nasdaq Composite gaining over 200 points during the session ahead of a big week of major earnings reports and an interest rate decision from the Federal Reserve. The S&P 500 climbed to a fresh all-time intraday high.

General Motors Co. (NYSE:GM) surged more than 8% after the Detroit automaker beat forecasts and issued upbeat guidance for 2026. Boeing Co. (NYSE:BA) stock fell around 1.5% on Tuesday after reporting fourth-quarter results with revenue of $23.948 billion, up 57% from $15.242 billion, as commercial deliveries increased sharply.

On the economic data front, the Case-Shiller Home Price Index increased 1.4% year-over-year in November, up from October’s 1.3% growth and also beating market estimates of 1.2%. The FHFA house price index increased 0.6% in November, topping market expectations of a 0.3% gain.

Most sectors on the S&P 500 closed on a positive note, with energy, information technology and utilities stocks recording the biggest gains on Tuesday. However, health care and financial stocks bucked the overall market trend, closing the session lower.

The Dow Jones closed lower by around 409 points to 49,003.41 on Tuesday. The S&P 500 rose 0.41% to 6,978.60, while the Nasdaq Composite gained 0.91% at 23,817.10 during Tuesday's session.

Investors are awaiting earnings results from Microsoft Corp. (NASDAQ:MSFT), Tesla Inc. (NASDAQ:TSLA) and Starbucks Corp. (NASDAQ:SBUX) today.

What Is CNN Business Fear & Greed Index?At a current reading of 63.6, the index remained in the “Greed” zone on Tuesday, versus a prior reading of 58.9.

The Fear & Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.

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Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Surprisingly, his words pushed the dollar to its lowest level since February 2022. Therefore, the weaker dollar made Gold more attractive for investors looking for safe-haven assets.

Normally, a strong dollar attracts safe-haven buyers, but this time the dollar’s drop actually gave a boost to the Gold prices. Traders are now considering the weaker dollar as one of the main reasons behind Gold rise.

Geopolitical Tensions Boost Safe-Haven Demand Apart from the weaker dollar, ongoing geopolitical tensions was seen as another key factor that helped gold to reach all time high. As we know, President Trump  recently threatened to take control of Greenland, impose tariffs on Europe. He also warned that Canada could face 100% tariffs if it signs a trade deal with China. As a result, demand for Gold, seen as a safe-haven asset, has increased significantly.

Fed Decision in Focus for Markets On the other hand, investors are closely watching the Federal Reserve’s interest rate decision scheduled on Wednesday. However, the Fed is expected to keep interest rates unchanged in the 3.50% to 3.75% range after cutting rates at three straight meetings late last year.

Hence, markets will pay close attention to Fed Chair Jerome Powell’s press conference. Any hawkish signals could limit further losses in the US dollar and weigh on Gold prices. In contrast to this, any dovish remarks could extend Gold’s rally even further.

Gold Price Forecast: XAU/USD Holds $5,235 as Bullish Channel Targets $5,410 Next

IBM reports after the close Wednesday. Analysts expect software to drive results and provide support for the stock after a strong 12-month rally.

Vancouver, British Columbia--(Newsfile Corp. - January 28, 2026) - Cruz Battery Metals Corp. (CSE: CRUZ) (OTCID: BKTPF) (WKN: A40YSN) ("Cruz" or the "Company") is pleased to announce that it has entered into a joint venture agreement ("JV") with Sienna Resources Inc. ("Sienna") and Adelayde Exploration Inc. ("Adelayde") to explore the deep basin lithium brine potential in Clayton Valley, Nevada. The 115 mineral claims comprising the 2,300-acre JV land package are all located within, and completely surrounded by, SLB's (formerly Schlumberger) and Pure Energy Minerals' lithium deposit (see map below). Clayton Valley, Nevada is home to the only long-established producing lithium brine basin in the U.S., Albemarle's Silver Peak lithium brine mine, which extracts lithium from subsurface brines. It has been the sole U.S. producing lithium brine operation since the 1960's.

James Nelson, President of Cruz Battery Metals, stated, "With the recent resurgence of investor attention back into the lithium sector, management feels this is an opportune time to not only proceed with producing a maiden resource estimate on the Solar Lithium Project in Big Smoky Valley, Nevada, but we are also very excited to enter this joint venture exploration agreement to test the deepest parts of Clayton Valley, which hosts the only lithium brine basin with production in the USA. To be able to merge our projects into one large block prospective for lithium brine discovery in Clayton Valley, Nevada, and share in the costs and benefits of such exploration, makes a lot of sense for our shareholders. Lithium prices are currently at 2-year highs and are now up well over 150% since June 2025, according to tradingeconomics.com(1). The Company is very optimistic about the growth prospects for the remainder of 2026 and beyond as we become more active than we've been in years."

In recent news announced on January 9,2026, Cruz engaged Stantec Consulting Ltd. to complete a maiden resource estimate ("MRE") and Technical Report for the Solar Lithium Project in Big Smoky Valley, Nevada. The Technical Report will be prepared in accordance with the requirements of National Instrument 43-101. The Stantec qualified person (Derek Loveday, PGeo) has direct experience in the Tonopah area, which includes visiting Albemarle Corp.'s Silver Peak mine, visiting ioneer Ltd.'s Rhyolite Ridge lithium-boron project, and completing a resource estimate and Technical Report for American Lithium Corp. on the TLC lithium project.

Throughout the first 4 phases of drilling (announced on January 17, 2022, May 18, 2022, March 31, 2023, & July 13, 2023), Cruz has discovered lithium in all 14 drill holes on the 100-per-cent owned, 4,938-acre Solar Lithium Project in Nevada, directly bordering American Lithium Corp.'s (LI, AMLIF) TLC lithium project.

According to American Lithium Corp.'s website, "In February 2025, the American Lithium Corp. announced an updated Mineral Resource Estimate that significantly increased the contained lithium resources for the TLC project. This MRE was completed as part of the process of compiling the maiden preliminary economic assessment and was incorporated into the Mine Plan within the maiden PEA, which was released on February 1st, 2023. TLC currently hosts 6.17Mt lithium carbonate equivalent (LCE) measured resources, 2.39Mt LCE indicated resources and 1.44Mt LCE inferred resources." (2). Cruz management cannot verify American Lithium Corp.'s results other than the publicly available information.

Key terms of the Joint Venture Agreement:

This binding letter agreement (this "Agreement") sets out the principal terms of a contractual joint venture (the "Joint Venture") among Adelayde Exploration Inc. ("Adelayde"), Sienna Resources Inc. ("Sienna") and Cruz Battery Metals Corp. ("Cruz") and collectively with Adelayde and Sienna, the "Parties"), whereby each Party has agreed to share in the costs, expenses, liabilities and benefits of the joint exploration and development of the mineral claims that are prospective for lithium.

Initial Contributions and Profit Sharing: Each Party, through their respective affiliates, will continue to hold legal title to their respective mineral claims that comprise the Project as set out in Schedule A but agrees to hold such legal title for the benefit of the Joint Venture, with each Party holding a one third beneficial interest in each mineral claim until termination of or exit from the Joint Venture in accordance with the terms hereof.Each Party agrees to work and collaborate together to advance the exploration and development of the Project. If the Parties unanimously agree on any exploration and development programs, each Party will contribute one third of such costs and will be entitled to one third of any benefits. Similarly, each Party will be responsible for one third of any liabilities of the Project.Each Party will have the right to exit or terminate its participation in the Joint Venture with 30 days' written notice to the other Parties, following which such exiting Party will no longer be entitled to any benefit, cost, expense, or liability of the Joint Venture from that date going forward. Following the end of the notice period, the mineral claims of such exiting Party as set out in Schedule A will be deemed to be removed from the Joint Venture.Definitive Agreement. Following the creation of the Joint Venture by signing this Agreement, the Parties may elect to further develop and memorialize the terms of the Joint Venture by entering into a definitive agreement and structuring the Joint Venture through a special purpose vehicle (the "JV Entity") and transferring ownership of the mineral claims to the JV Entity (whether in the form of a unanimous shareholders agreement, limited partnership agreement, joint venture agreement, co-ownership agreement of some other form of agreement) (the "Governing Agreement"; and, together with the contribution agreements, the "Definitive Agreements"). The Definitive Agreements shall include the terms summarized in this Agreement and such other representations, warranties, conditions, covenants, indemnities, and other terms as are customary for transactions of this nature and not inconsistent with this Agreement. Please click here to view the completed Joint Venture Agreement.

Qualified Person

The technical contents of this release were reviewed and approved by Frank Bain, PGeo, a director of the Company and qualified person as defined by National Instrument 43-101. Mr. Bain has not independently verified American Lithium Corp.'s Technical Report.

About Cruz Battery Metals Corp.

Cruz currently has several battery metals focused projects located in the USA. Cruz's Nevada lithium projects consist of the 4,938-acre 'Solar Lithium Project', the 240-acre 'Clayton Valley Lithium Brine Project', and the 580-acre 'Central Clayton Valley Lithium Brine Project'. In Idaho Cruz has the 124-acre 'Idaho Cobalt Belt Project'. Cruz also has the 'Sterling South Gold/Copper Project' in Ontario, Canada. Management cautions that past results or discoveries on properties in proximity to Cruz may not necessarily be indicative of the presence of mineralization on the Company's properties.

If you would like to be added to Cruz's news distribution list, please send your email address to [email protected].

Cruz Battery Metals Corp.

"James Nelson"

James Nelson
President, Chief Executive Officer, Secretary and Director

For more information regarding this news release, please contact:
James Nelson, CEO and Director
T: 604-899-9150
Toll free: 1-855-599-9150
E: [email protected]
W: www.cruzbatterymetals.com
Twitter: @CruzBattMetals

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

https://tradingeconomics.com/commodity/lithium (1)

https://americanlithiumcorp.com/tlc-lithium-project/ (2)

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281860

Source: Cruz Battery Metals Corp.

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Vancouver, British Columbia--(Newsfile Corp. - January 28, 2026) - Sienna Resources Inc. (TSXV: SIEN) (OTCID: SNNAF) (WKN: A418KR) (the "Company" or "Sienna") is pleased to announce that it has entered into a joint venture agreement ("JV") with Cruz Battery Metals Corp. ("Cruz") and Adelayde Exploration Inc. ("Adelayde") to explore the deep basin lithium brine potential in Clayton Valley, Nevada. The 115 mineral claims comprising the 2,300-acre JV land package are all located within, and completely surrounded by, SLB's (formerly Schlumberger) and Pure Energy Minerals' lithium deposit (see map below). Clayton Valley, Nevada is home to the only long-established producing lithium brine basin in the U.S., Albemarle's Silver Peak lithium brine mine, which extracts lithium from subsurface brines. It has been the sole U.S. producing lithium brine operation since the 1960's.

Clayton Valley Lithium Map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/854/281861_1ac586b2f4fb9a53_002full.jpg

Jason Gigliotti, President of Sienna, states, "Lithium prices have been exploding in the past six months, up over 150 percent according to TradingEconomics.com. When you couple this with all-time highs in gold and silver (Kitco.com), there is a clearly improving investor appetite for junior mining stocks, as witnessed by the historic high volumes on the TSX Venture Exchange in the past month especially. Management feels this is a great strategic move to consolidate this land package, as it is the only group of claims located directly inside the only lithium brine basin in production in the USA. By consolidating this significant footprint into one block, this becomes much more appealing for potential larger partners and opens up more drilling locations with access to reach the deepest sections of brine formations in Clayton Valley. This is a win-win for all involved, and we look forward to getting activities started as lithium prices are at multi-year highs. With just over 40 million shares outstanding and fully cashed up, management is very optimistic about Sienna's leverage to any meaningful discovery on any of its major projects."

Key terms of the Joint Venture Agreement:

This binding letter agreement (this "Agreement") sets out the principal terms of a contractual joint venture (the "Joint Venture") among Adelayde Exploration Inc. ("Adelayde"), Sienna Resources Inc. ("Sienna") and Cruz Battery Metals Corp. ("Cruz" and collectively with Adelayde and Sienna, the "Parties"), whereby each Party has agreed to share in the costs, expenses, liabilities and benefits of the joint exploration and development of the mineral claims that are prospective for lithium.

Initial Contributions and Profit Sharing: Each Party, through their respective affiliates, will continue to hold legal title to their respective mineral claims that comprise the Project as set out in Schedule A but agrees to hold such legal title for the benefit of the Joint Venture, with each Party holding a one third beneficial interest in each mineral claim until termination of or exit from the Joint Venture in accordance with the terms hereof.Each Party agrees to work and collaborate together to advance the exploration and development of the Project. If the Parties unanimously agree on any exploration and development programs, each Party will contribute one third of such costs and will be entitled to one third of any benefits. Similarly, each Party will be responsible for one third of any liabilities of the Project.Each Party will have the right to exit or terminate its participation in the Joint Venture with 30 days' written notice to the other Parties, following which such exiting Party will no longer be entitled to any benefit, cost, expense, or liability of the Joint Venture from that date going forward. Following the end of the notice period, the mineral claims of such exiting Party as set out in Schedule A will be deemed to be removed from the Joint Venture.Definitive Agreement. Following the creation of the Joint Venture by signing this Agreement, the Parties may elect to further develop and memorialize the terms of the Joint Venture by entering into a definitive agreement and structuring the Joint Venture through a special purpose vehicle (the "JV Entity") and transferring ownership of the mineral claims to the JV Entity (whether in the form of a unanimous shareholders agreement, limited partnership agreement, joint venture agreement, co-ownership agreement of some other form of agreement) (the "Governing Agreement"; and, together with the contribution agreements, the "Definitive Agreements"). The Definitive Agreements shall include the terms summarized in this Agreement and such other representations, warranties, conditions, covenants, indemnities, and other terms as are customary for transactions of this nature and not inconsistent with this Agreement. Please click here to view the completed Joint Venture Agreement.

Qualified Person:

The technical contents of this release were reviewed and approved by Frank Bain, PGeo, independent to the Company and qualified person as defined by National Instrument 43-101

About Sienna

Sienna's primary focus is on its lithium assets in Nevada which include the 100% owned, 1,828-acre "Elko Lithium Project" & the 1,231-acre "Cave Creek Lithium Project" both located in Elko County, Nevada, directly bordering and surrounded by Surge Battery Metals' (NILI) "Nevada North Lithium Project" which is the highest-grade lithium clay deposit in the USA. In Clayton Valley, Nevada, Sienna has the "Deep Basin Lithium Brine Project" which has access to some of the deepest parts of the only lithium brine basin with production in the USA. In Saskatchewan, Sienna has the 31,718-acre Stonesthrow project, prospective for gold, silver and copper directly beside Ramp Metals Inc.'s (RAMP) Rottenstone Project.

"Jason Gigliotti"
President
Sienna Resources Inc.

Forward-Looking Statements

This news release contains forward-looking statements, including statements regarding the Company's plans to recommence operations, anticipated activity levels, market conditions, and future exploration and development activities. Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those expressed or implied by such statements. These risks include, but are not limited to, fluctuations in commodity prices, exploration and development risks, regulatory approvals, market conditions, and the availability of financing. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update forward-looking statements except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281861

Source: Sienna Resources Inc.

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Vancouver, BC – January 28, 2026 – TheNewswire - Vanguard Mining Corp. ("Vanguard" or the "Company") (CSE: UUU | OTC: UUUFF | FSE: SL51) is pleased to announce that the Company has planned a follow-up Phase 2 Drill and Exploration program (the “Drill Program”) at its 100%-owned Redonda Copper-Molybdenum Project (the “Project”), located in the Vancouver Mining Division, approximately 40 kilometres northeast of Campbell River, British Columbia.

The Drill Program is fully permitted and is being advanced to build upon the encouraging results from the Company’s recently completed drill program at the Project. The Drill Program is currently anticipated to include:

Reconnaissance-scale Induced Polarization (“IP”) surveying to better define and vector toward zones of higher-grade copper-molybdenum mineralization; 

Drilling of up to seven (7) diamond drill holes totaling up to approximately 2,800 metres, targeting the southeast portion of the Project between and beyond historical TECK drill holes; 

Detailed geological mapping and prospecting will be conducted to the north and west within the Project’s megabreccia zone to identify additional priority drill targets. Results from the Phase 1 drill program, geophysical surveys, historical drilling, and new geological mapping will be integrated to refine targeting and guide ongoing exploration activities. 

The Drill Program is designed to test extensions of known copper-molybdenum mineralization and evaluate new target areas within the broader mineralized system. Exploration activities will be carried out in accordance with applicable permits, environmental best practices, and regulatory requirements. 

Field logistics are expected to include either an expanded exploration camp or accommodation through an existing floating logging camp in the area. Vanguard will continue to work closely with the Klahoose First Nation throughout the program, prioritizing ongoing engagement, economic participation opportunities, and collaboration with Klahoose-owned service providers, including a Klahoose-owned logging company where practicable. 

The Drill Program is being planned on an accelerated timeline to rapidly follow up on the recently announced drilling results, which confirmed a significantly expanded copper-molybdenum mineralized system at Redonda. 

In addition to copper and molybdenum, the Company will continue to evaluate the potential presence and significance of rhenium as a possible by-product associated with molybdenite mineralization, where appropriate, as exploration advances. 

Click Image To View Full Size

Figure 1:  Molybdenite (MoS₂) observed in drill core as fracture-controlled mineralization with tourmaline

David Greenway, CEO of Vanguard Mining Corp., commented: “The planned Phase 2 drill program is a key next step in advancing the Redonda Project following the strong results from our 2025 campaign. Drilling significantly expanded the copper-molybdenum mineralized system beyond the 2023 footprint, reinforcing our confidence in its continuity and scale. With permits secured and multiple priority targets defined, we are well positioned to continue advancing Redonda through further drilling in 2026 and unlocking its longer-term potential.”

2025 Phase 1 Drill Results Highlight System Growth

Hole 25-01, drilled at a dip of -65°, intersected extensive copper-molybdenum mineralization over much of its length:

From 3.05 m to 29.12 m (27.07 m), a weighted average of 0.3252% copper and 78 ppm molybdenum 

From 37.65 m to 387.70 m (350.05 m), a weighted average of 0.244% copper and 112 ppm molybdenum 

These intercepts extend the higher-grade mineralized zone by an additional 199.05 metres, more than doubling the length of higher-grade mineralization intersected in the 2023 drilling in cross-section.

Hole 25-01 reached a total depth of 510.74 metres and returned a weighted average grade of 0.1801% copper and 86 ppm molybdenum over its entire length. Lower-grade mineralization continues beyond the end of the hole, indicating the system remains open at depth.

Hole 25-02, drilled vertically and located approximately 30 metres east of the 2023 drilling, intersected:

From 3.05 m to 132.00 m (129.26 m), a weighted average of 0.1344% copper and 128 ppm molybdenum 

Together, these results demonstrate that copper-molybdenum mineralization at Redonda is laterally and vertically extensive in cross-section. A valid drill permit is currently in place, allowing for continued drilling at the Project during the 2026 exploration season.

Table 1: Summary of 2025 Redonda Drill Results

Hole ID

Dip

From (m)

To (m)

Interval (m)

Cu (%)

Mo (ppm)

25-01

-65°

3.05

29.12

27.07

0.3252

78

25-01

-65°

37.65

387.70

350.05

0.2440

112

25-01

-65°

0.00

510.74

510.74

0.1801

86

25-02

Vertical

3.05

132.00

129.26

0.1344

128

Reported intervals are downhole lengths; true widths have not yet been determined.

  Samples were submitted to ALS Canada Ltd. (“ALS Laboratories”) for geochemical analysis. Industry-standard quality assurance and quality control protocols were employed, including the insertion of certified reference materials and blanks at regular intervals within the sample stream.

The 2025 drill program was guided by targets and structural corridors interpreted from a previously announced airborne geophysical survey conducted by Precision GeoSurveys, Inc. (“Precision”), integrated with historical drilling and surface sampling data. As reported by the previous operator, Stamper Oil & Gas Corp. (“Stamper”), in a January 25, 2024 news release, historical drilling at Redonda intersected intervals of up to 142.6 metres grading 0.279% Cu and 0.0281% Mo, while surface sampling returned near-surface intervals ranging from 3.1 metres to 48 metres grading up to 0.529% copper equivalent (“CuEq”)

CuEq values are historical in nature and are based on metal prices and recovery assumptions disclosed by Stamper in its news release. Vanguard has not independently verified these assumptions and does not rely on these CuEq values as current disclosure.

.
Click Image To View Full Size

Figure 2: 2024 Airborne Magnetics (RTP) with lineaments – See release

Collaboration with Klahoose First Nation

Vanguard further announces the Company has made it a priority to work in close collaboration with the Klahoose First Nation (“Klahoose”) throughout the campaign, prioritizing local labour, training opportunities, and the use of Klahoose-affiliated service providers for logistics where practicable. The Company will maintain ongoing engagement throughout the program, including regular updates on work plans and timelines, incorporation of feedback into field operations, and adherence to cultural heritage protocols and environmental best practices within Klahoose Traditional Territory. Vanguard will coordinate site access, safety, and environmental monitoring with Klahoose representatives and will continue to explore additional opportunities for capacity-building and economic participation.

About Redonda

The Redonda Project comprises nine mineral claims totaling 2,746.46 hectares, located approximately 40 kilometres northeast of Campbell River, British Columbia. The property is accessible year-round via scheduled barge service from Campbell River, with on-site access provided by approximately 5 kilometres of recently upgraded logging road from Redonda Bay. Active forestry operations maintain an extensive network of forest service roads across the claims.

Redonda lies within the Coast Suture Zone between the Wrangellia Terrane and the Coast Plutonic Complex. Early Cretaceous dioritic intrusions of the Coast Plutonic Complex are cut by at least three later intrusive phases: (i) a quartz plug; (ii) a wide, hornblende-rich dike locally brecciated over approximately 600 metres of exposed strike length; and (iii) several smaller feldspar dikes near the southwestern margin of the hornblende body. Copper-molybdenum mineralization is most strongly developed along the hornblende-rich dike, particularly within brecciated zones.

Drilling completed in fall 2025, including Hole 25-01, confirms that copper-molybdenum mineralization associated with the hornblende dike extends to significant depths and thicknesses in cross-section. Hole 25-01 intersected continuous mineralization over much of its 510.74-metre length, substantially extending the vertical and downhole extent of mineralization previously defined by 2023 drilling and demonstrating that the system remains open at depth.

The geological setting at Redonda shares several characteristics with other porphyry-style copper-molybdenum systems in southwestern British Columbia, including the OKover and Gambier Copper deposits.

Field work has been conducted under a Letter of Support from the Klahoose First Nation within their Traditional Territory, together with a Free Use Permit, Drill Permit, and IP Exemption issued by the Ministry of Energy, Mines and Low Carbon Innovation. Consultation with the Homalko First Nation has concluded, and a permit for additional drill sites has been issued.

Quality Assurance and Quality Control

Quality assurance and quality control (QA/QC) procedures included the insertion of certified reference materials, blanks, and preparation duplicates into the sample stream. QA/QC samples were submitted to ALS Laboratories as blind samples. Analytical results demonstrate acceptable accuracy and precision, with no evidence of significant contamination or analytical bias.

Analytical Procedures

Sample preparation and analysis were conducted by ALS Laboratories at its sample preparation facility in North Vancouver, British Columbia. Analytical work was completed at ALS laboratories in Vancouver, British Columbia. ALS Laboratories is independent of the Company and is accredited to ISO/IEC 17025 standards for the analytical methods employed.

Core samples were prepared using ALS method PREP-31A, which includes crushing and pulverizing to produce a representative pulp. Multi-element analyses, including copper and molybdenum, were performed using four-acid digestion with ICP-MS (ME-MS61). Samples returning over-limit copper values were re-analyzed using ore-grade four-acid digestion with ICP-AES (Cu-OG62), and over-limit multi-element values were determined using ME-OG62.

The analytical detection limits for copper and molybdenum using the ME-MS61 method are 0.001% Cu and 0.1 ppm Mo, respectively. Sample sizes and preparation protocols were consistent with ALS Laboratories standard procedures.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by J. T. Shearer, M.Sc., D.I.C., P.Geo. (BC & Ontario), a consulting geologist who is a “Qualified Person” as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43- 101”). Mr. Shearer is not at arm’s length with Vanguard Mining, as he has provided consulting geological services to the Company.

About Vanguard Mining Corp.

Vanguard Mining Corp. is a Canadian mineral exploration company focused on the discovery and development of high-value strategic minerals. The Company is currently advancing exploration projects in Argentina, Canada and Paraguay, with a focus on identifying and developing assets critical to the global energy transition. Vanguard is committed to responsible exploration and value creation through the acquisition and advancement of highly prospective uranium properties.

All Stakeholders are encouraged to follow the Company on its social media profiles on LinkedIn, X.com, Facebook and Instagram and sign up for updates at Vanguardminingcorp.com

On Behalf of the Board of Directors

“David Greenway”

David Greenway, CEO

For further information, please contact:

Vanguard Mining Corp.
Brent Rusin
Phone: +1 672-533-0348
E-Mail: [email protected]
Website: vanguardminingcorp.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information

Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and include, but are not limited to, statements regarding beliefs, plans, expectations, intentions, objectives, strategies, future performance, and anticipated events or results. Forward-looking statements are based on management’s current expectations, estimates, and assumptions, which may prove to be incorrect, and are subject to known and unknown risks and uncertainties that could cause actual results, performance, or developments to differ materially from those expressed or implied. There can be no assurance that the events anticipated in forward-looking statements will occur, or, if they do, what benefits Vanguard will obtain from them. Factors that could cause actual results to differ materially include, among others, exploration results, availability of financing, commodity prices, permitting and regulatory risks, operating risks, and other risks described in the Company’s public disclosure. Forward-looking statements in this release are made as of the date hereof, and Vanguard undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws. Readers are cautioned not to place undue reliance on forward-looking statements.

###

South Korea's SK Hynix on Wednesday posted record quarterly revenue and profit, boosted by surging memory prices and demand from generative AI chipsets, as it battles rival Samsung for the status as the world's top memory producer. 

Here are SK Hynix's first-quarter results versus LSEG consensus estimates:

Revenue: 32.827 trillion won ($23 billion) vs. 32.132 trillion wonOperating profit: 19.17 trillion won vs. 17.729 trillion wonRevenue rose about 66% in the December quarter compared with the same period a year earlier, while operating profit surged 137% in the same period.

SK Hynix makes memory chips used to store data, which are found in everything from servers to consumer devices such as smartphones and laptops.

The company has benefited from a boom in artificial intelligence as a key supplier of high-bandwidth memory or HBM chips used to power AI data center servers. 

HBM falls into the broader category of dynamic random access memory, or DRAM — a type of semiconductor memory used to store data and program code that can be found in PCs, workstations and servers.

"HBM revenue more than doubled year-on-year, making a significant contribution to the company's record performance [last year]," it said in its earnings report.

Demand for HBM has far outpaced what memory makers have been able to supply, with the impacts on manufacturers' capacity also triggering shortages for less advanced memory chips used in consumer electronics and EVs. 

As a result of this environment, memory prices have been surging, with shortages expected to last into next year as companies like Sk Hynix wait for more capacity expansions to come online. 

SK Hynix will hold an earnings call with investors on Thursday. Samsung, SK Hynix's leading competitor in the memory market, including HBM, is also set to report earnings today.

A South Dakota lawmaker has introduced a bill that seeks to allow the state to invest a portion of its public funds in bitcoin BTC, reviving efforts that failed to materialize in the state legislature last year. 

Republican Representative Logan Manhart introduced House Bill 1155 on Tuesday, aiming to amend South Dakota's public investment statutes to permit the State Investment Council to allocate up to 10% of eligible state funds in bitcoin. This would allow exposure through direct holdings, qualified custodians, or regulated exchange-traded products.

"I am proud to say I have released my bill that would allow the State of South Dakota to invest in Bitcoin," Manhart wrote in a post on X. "Strong money. Strong state."

The bill also lays out custody and security requirements for state bitcoin holdings, including exclusive private-key control, encrypted hardware storage, geographically distributed secure facilities, multi-party governance controls, and regular security audits.

House Bill 1155 has been read for the first time and referred to the Committee on Commerce and Energy, according to the official journal log of the legislative session.

Second try The latest proposal closely mirrors House Bill 1202, which Manhart introduced during the 2025 legislative session. That bill sought to add bitcoin to the list of permissible state investments but was effectively killed after being deferred to the legislature's 41st day, beyond South Dakota's 40-day session limit.

This renewed effort in South Dakota comes as more U.S. states explore the idea of strategic bitcoin reserves. Lawmakers in Kansas and Florida have advanced similar proposals. To date, Arizona, Texas, and New Hampshire have passed crypto reserve legislation.

Meanwhile, the U.S. federal government established a strategic bitcoin reserve last year, following a March executive order by President Donald Trump. This national stockpile is funded by bitcoin seized in criminal and civil proceedings, which are legally prohibited from being sold.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Bitcoin could break out of its “sideways funk” if the United States central bank attempts to support a failing Japanese bond market by printing money, according to BitMEX founder Arthur Hayes.

Hayes proposed a theory on Wednesday about how the Federal Reserve “could be printing money to manipulate the yen and JGB [Japanese government bond] markets.”

Japan faces a dual crisis: the yen is weakening while Japanese government bond yields are rising simultaneously, signaling a potential loss of market confidence. This also impacts the US because Japanese investors might sell US Treasurys to buy higher-yielding JGBs instead.

“Will a meltdown of the yen and JGB markets cause some sort of money printing by the BOJ [Bank of Japan] or the Fed? The answer is yes,” said Hayes. 

“This discussion of Japanese financial markets is important because for Bitcoin to exit its sideways funk, it needs a healthy dose of money printing.”Fed’s intervention mechanism could be a liquidity triggerHayes believes the Fed will intervene by creating dollar reserves with banks like JPMorgan, selling dollars for yen — which strengthens the yen — then using yen to purchase JGBs, lowering Japanese bond yields.

This expands the Fed’s balance sheet under “Foreign Currency Denominated Assets,” he explained. 

“This Fed intervention is just what the filthy fiat system needs to limp along a little longer.”  How the Fed will print money to expand its balance sheet and intervene in the dollar-yen currency and JGB markets. Source: Arthur HayesHayes appears to be putting his money behind his theory and waiting for some movement from the central bank’s money printers, keeping an eye on the Fed’s balance sheet viewed through its weekly H.4.1 report.

“Bitcoin fell as the yen strengthened against the dollar. I will not increase risk before I confirm the Fed is printing money to intervene in the yen and JGB markets,” he said. 

Dollar “doing great” at four-year lowThe US Dollar Index (DXY) slumped to 95.6 on Tuesday, its lowest level since January 2022, according to TradingView. 

The greenback has slid 10% over the past year, but US President Donald Trump still maintained it was “doing great” at a speech in Iowa on Tuesday. 

“I mean, the value of the dollar, look at the business we’re doing. No, the dollar is doing great. You know it’s very interesting, if you look at China or Japan, I used to fight like hell with them because they always wanted to devalue their yen ... you know that, the yen and yuan, and they’d always want to devalue it,” he said, according to CNBC. 

“They devalue, devalue, devalue. And I said, ‘not fair.’ They devalue, because it’s hard to compete when they devalue.”Magazine: GameStop ‘likely to sell’ Bitcoin holdings, Ethereum preps for quantum: Hodler’s Digest

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy