Celo states that 33 stablecoins representing 20 global currencies continue moving on its platform even as traditional FX markets close for the weekend.

Base leads onchain FX spot volume as Jesse Pollak calls for developers to build FX use cases on the Base blockchain.

According to @KobeissiLetter, the Chinese Yuan has appreciated to 6.91 against the US Dollar, reaching its strongest level since May 2023. The currency is on track for its seventh consecutive monthly gain, marking its longest winning streak since 2020-2021. This performance also places the Yuan as the third-best-performing currency globally in recent months, highlighting its robust momentum in the foreign exchange market.

According to @KobeissiLetter, hedge funds are ramping up bearish bets on the Japanese yen. According to @KobeissiLetter, leveraged funds raised net yen shorts by 35,624 contracts in the week ending January 13, the largest weekly increase since May 2015. According to @KobeissiLetter, this marks the first rise in bearish positioning over the last five weeks.