An analyst at ING said that the re-opening of the Strait of Hormuz could be a key factor driving a sharp drop in the U.S. dollar. It is still unclear whether the strait will re-open, and the U.S. Dollar Index falling back to the March 23 low of 99.0 needs a clearer timeline.

Silver experienced a sharp decline in the early hours of Thursday, with spot prices plunging over 17% at one point before rebounding to around $80 per ounce. The daily decline still amounted to approximately 9%. This rapid retreat not only erased the gains from the previous two days but also continued the high volatility following last Friday's 36% plunge. Just a few days ago, silver surged to a historic high above $121 per ounce, but now it has undergone a swift reversal, indicating a clear shift in market sentiment. Meanwhile, gold was also not spared, falling back to around $4,934 per ounce and dropping below the $5,000 mark again. The US dollar index rose to a two-week high, which is considered a significant factor suppressing precious metals. ING commodities strategist Ewa Manthey pointed out that the inverse relationship between the dollar and precious metals has re-emerged, making gold and silver particularly sensitive to exchange rate fluctuations. In the short term, prices are likely to continue fluctuating with the dollar.

On February 3rd, it was announced that Germany's major retail bank ING Germany has officially opened channels for cryptocurrency-linked exchange-traded notes (ETNs) and related products to retail clients, allowing individual investors to directly participate in the price performance of Bitcoin, Ethereum, and Solana through the banking system. This move is seen as a significant signal that Europe's traditional financial system is accelerating its embrace of digital assets. According to official disclosures, these products are issued by providers such as 21Shares, Bitwise, and VanEck. They are all physically-backed instruments that track the prices of the respective cryptocurrencies and are traded on regulated markets through ING's Direct Depot platform. Customers do not need to manage private keys or set up third-party wallets; they can complete configuration and trading within familiar securities accounts.

ChainCatcher News, according to Jinshi reports, ING Group analyst Chris Turner pointed out that the sell-off of the US dollar could intensify. If the US dollar index effectively breaks below last year's low near 96.2, the dollar could decline by another 3%. He emphasized that it is crucial to watch the dollar's performance ahead of the Federal Reserve meeting. If the Fed shifts to a pause in rate cuts, it could provide some support for the dollar. Meanwhile, earnings reports from Meta, Microsoft, and Tesla are also in focus, and any results below expectations could become another bearish factor for the dollar.

Odaily Planet Daily reports that, according to GMGN data, BSC Meme coin "I'm Coming" has rebounded with a market capitalization surpassing $15 million, currently at $17.5 million. Odaily reminds users that Meme coin prices are highly volatile; investors should be cautious of risks.

Over the weekend, various Chinese Meme coin prices experienced slight declines, with "I Damn Came" dropping over 46%, currently trading at $0.0283; "Life K Line" falling 15% to $0.02; "Laozi" rising 10% to $0.013. BlockBeats reminds investors to be cautious, as Meme coins are highly volatile and largely dependent on market sentiment.

BlockBeats News, January 10 — According to GMGN market data, the Chinese meme token "I’m Coming" briefly surpassed a market capitalization of $52 million, setting a new all-time high. It has now fallen back to $39.29 million, with a 24-hour increase of 301%. BlockBeats Note: Meme coins are highly volatile and largely rely on market sentiment and hype around concepts, with no intrinsic value or practical use. Investors should be aware of the risks.

ChainCatcher news reports that according to Jintiao, ING Bank stated that the market expects the Federal Reserve to cut interest rates by another 50 basis points in 2026, with forecasts of a 25 basis point cut in March and another in June. Despite current economic growth, low unemployment rates, stock markets near historic highs, and inflation rates closer to 3% rather than the Federal Reserve's 2% target, the inflation outlook in the coming months could become more favorable for rate cuts.

ING’s latest analysis points out that the yield on the 10-year US Treasury bond is currently holding above 4% and has further room to rise. This trend is not favorable for high-risk assets such as cryptocurrencies, as rising yields often indicate tighter financial conditions and declining risk appetite. Currently, the yield on the 10-year US Treasury stands at 4.09%. Despite several economic indicators, including the ADP employment report, showing weakness—with US employment numbers shrinking for the third time in five months in November—yields have demonstrated notable resilience. In a client report on Thursday, ING stated that US Treasury yields have recently fluctuated mainly in the 4% to 4.1% range. “Although a short-term drop below this range is possible, once yields break above the upper end, the likelihood of continued increases is greater.”