Gate Square Daily｜Jan 26

1️⃣ Market Sentiment: The Crypto Fear & Greed Index fell to 20, signaling deepening “extreme fear”
2️⃣ Gold: International gold prices broke above $5,000 per ounce, setting a new all-time high
3️⃣ Japan: Japan may allow spot crypto ETFs by 2028, with SBI and Nomura already preparing products
4️⃣ Industry: a16z-backed decentralized custody startup Entropy announced its shutdown and will return funds to investors
5️⃣ Regulation: The U.S. is entering a clearer phase of crypto regulation; passage of the market structure bill could improve predictability and benefit retail investors