Day: January 21, 2026

Sacks Says Banks and Crypto Will Merge Into One Digital Asset Industry

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White House crypto czar David Sacks said banks and crypto companies will ultimately merge into “one digital asset industry” once Congress passes the long-delayed market structure bill. The comments came during an interview on CNBC’s Squawk Box on Wednesday at the World Economic Forum (WEF) in Davos, Switzerland, where Sacks was asked about the negotiations around the proposed CLARITY Act, a market structure bill that has stalled amid debate over whether stablecoin issuers should be permitted to offer yield. David Sacks (middle) speaks during a Squawk Box interview at the…

Pushing Out Bears As Confirmation Closes In

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PEPE is finally entering a critical phase as recent price action suggests the market is actively pushing out bears ahead of a potential structural shift. Pseudonymous crypto analyst ‘The Composite Trader’ argues that the move is less about immediate upside and more about completing a controlled reversal process and preventing any further downside.  In an X post this Tuesday, The Composite Trader updated a setup he first outlined on January 5, explaining that PEPE’s sharp bullish expansion at the start of the year was never meant to be sustained. He…

Iran‘s Central Bank Acquired $507M in USDt to Prop up Rial: Elliptic

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The Central Bank of Iran reportedly stockpiled more than half a billion dollars worth of USDt amid escalating protests and crypto usage in the country. Blockchain analytics platform Elliptic reported that the Central Bank of Iran (CBI) acquired more than half a billion dollars worth of Tether’s USDt, with indications that the stablecoins were used to prop up the country’s fiat currency. In a Wednesday report, Elliptic said Iran’s central bank had about $507 million in USDt (USDT), the US dollar-pegged stablecoin issued by Tether. According to the platform, it…

XRP Price Dropped 68% the Last Time This Happened

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XRP’s (XRP) onchain market structure resembles a setup that led to significant losses in 2022 after the price lost a key support level. Key takeaways: XRP’s onchain structure mirrors the February 2022 setup that led to a 68% price drop.  XRP bulls must reclaim $2 to avoid a deeper correction toward $1.10. XRP spot ETFs recorded a net outflow of $53.32 million, their second-ever day of outflows and the largest since launch. Previous signal preceded 68% XRP price drop Data from Glassnode warned that XRP’s current market structure “closely resembles…

ETH Crashes 12% Weekly: Is a Drop to $2,600 Next?

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Ethereum (ETH) has dropped sharply after failing to hold above the $3,400 resistance level. The move has pushed the price below a key support line, triggering increased selling across both spot and derivatives markets. As of press time, ETH trades arpimd at $2,960, down nearly 12% over the past week. Trading activity has picked up, but buyers appear to be stepping back. Rejection at $3,400 Triggers Sell-Off Ethereum was halted near $3,400, a level traders had been watching. Analyst Kamran Asghar said the rejection came “perfectly off the OTE selling…

Trump reverses planned Feb 1 tariffs on NATO nations after Greenland talks

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Donald Trump has reversed his plan to impose 10% tariffs on NATO countries starting February 1, citing progress on a new framework deal with NATO Secretary General Mark Rutte involving Greenland and the Arctic region. Last week, Trump warned he would enact the tariffs unless the US secured strategic concessions, including Arctic access and influence over Greenland. He had also threatened to raise the tariffs to 25% in June if no agreement was reached. In a post on Truth Social, Trump said the tariffs are now suspended following what he…

Intel shares surge 11% to four-year high ahead of Q4 earnings call

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Intel stock hits four-year high with 35% YTD gain on $8.9B government investment and 18A chip launch ahead of Q4 earnings. Intel shares surged nearly 11% today, reaching their highest level in about four years as investors responded to political support, major partnerships, and rising AI and data center demand. Intel was last trading near $53 as of Wednesday at 2 PM ET, the same level it last saw in mid-January 2022. The stock is up over 86% in 2025 and more than 35% year to date. The company is…

Steak ’n Shake to Offer Bitcoin Bonuses to Hourly Workers

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US fast-food restaurant chain Steak ’n Shake plans to offer Bitcoin bonuses to hourly employees at company-operated locations, signaling a move to use digital assets as a retention tool. In an X post on Wednesday, the company said hourly employees will be able to collect a Bitcoin (BTC) bonus of $0.21 per worked hour starting March 1, with a two-year vesting period. At $0.21 per hour, a full-time employee working 40 hours a week would earn about $8.40 in Bitcoin per week, or $437 per year based on a standard…

Why Bitwise’s Matt Hougan Thinks Chainlink (LINK) Is Deeply Undervalued

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Following Bitwise’s Chainlink ETP launch, Hougan said that investors misunderstand the asset’s role, despite its dominance across stablecoins, DeFi, tokenization, and institutional crypto infrastructure. Matt Hougan, chief investment officer at crypto asset manager Bitwise, believes Chainlink (LINK) is one of the “least understood, most important, and possibly most undervalued” crypto assets. The exec’s comments come days after the quiet launch of Bitwise’s new Chainlink exchange-traded product (ETP). From Stablecoins to DeFi In the latest memo, Hougan stated that the Chainlink ETP debuted with modest volumes and tight spreads, but…

Bitcoin, Altcoin Sell-off As Global Tensions Lead Traders To Cut Risk

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Key points: Bitcoin is attempting to find support near the $94,500 level, signaling a positive sentiment. Buyers will have to defend the support levels in select major altcoins, else the recovery could fizzle out. Bitcoin (BTC) is attempting to find support near $88,000, but a handful of US and global macroeconomic factors are creating headwinds for the entire crypto market. As a result, the buyers are taking a cautious approach and possibly waiting to see how a reignited trade war between the US and EU will impact markets. The big…