Day: January 23, 2026

‘Bitcoin Trade Is Over,’ Bloomberg Strategist Says In 2026 Macro Outlook

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Bloomberg commodity strategist Mike McGlone explains his bearish turn on Bitcoin outlook and broader market expectations for 2026. Bloomberg Intelligence strategist Mike McGlone said he has reversed his long-term outlook on Bitcoin and the broader crypto market, arguing that investors should “sell the rallies” across risk assets in 2026. In McGlone’s view, the conditions that once made Bitcoin (BTC) compelling have changed fundamentally. What began as a scarce, disruptive asset has become part of a crowded and highly speculative ecosystem, increasingly correlated with equities and vulnerable to the same macro…

Paradex Refunds $650K After Maintenance Bug Triggers Liquidations

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Onchain derivatives platform Paradex refunded $650,000 to about 200 users after a maintenance-related software error triggered unintended liquidations across multiple markets. According to a Friday post-mortem shared on X by Paradex, the incident occurred during a planned 30-minute database upgrade on Monday, when a “race condition” caused corrupted market data to be written onchain. Paradex said the issue was operational and not the result of a hack or security breach. In response, Paradex temporarily disabled access to the platform, canceled all open orders except take-profit and stop-loss orders, and rolled…

Vitalik Buterin Calls for Mass Adoption of Decentralized Privacy Tools

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Buterin said 2026 should mark a push toward computing self-sovereignty, extending far beyond blockchain systems. Ethereum co-founder Vitalik Buterin has said he spent the past year replacing mainstream software with privacy-first, decentralized alternatives, arguing that users should stop sending large volumes of personal data to centralized services. The comments frame privacy tools not as niche crypto products but as everyday software choices, linking personal computing habits to broader debates about digital autonomy. From Blockchain to Daily Software Choices In a post shared on X on January 22, Buterin wrote…

DeFi Leaders Push Back as DAO, Governance and Custody Debates Intensify

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United States lawmakers postponed a planned markup of the Digital Asset Market Clarity Act (CLARITY), delaying progress on a bill intended to define how cryptocurrencies and decentralized finance (DeFi) platforms are regulated and prompting renewed pushback from DeFi leaders who say the bill still fails to adequately protect developers.  Industry groups and crypto venture firms warned that proposed amendments could impose requirements that are not suitable for decentralized systems. Representatives from Paradigm and Variant said the current draft leaves unresolved ambiguity over whether DeFi developers and infrastructure providers could be…

US dollar slides toward steepest weekly drop in seven months on policy uncertainty

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Dollar indexes post their largest weekly declines since June as tariff reversals and rate cut bets weigh on sentiment. The US dollar is heading for its steepest weekly decline in seven months as volatile US-Europe relations and rising policy uncertainty pressure the currency. The dollar index, which tracks the US currency against a basket of six peers, slipped to 97.8. The gauge is heading for a weekly loss exceeding 1%, the largest since June. Analysts point to uncertainty around policy decisions by President Donald Trump, including his recent pullback from…

BitGo Stock Slides After IPO as Crypto Listing Volatility Returns

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Shares of digital asset custodian BitGo Holdings (BTG) have swung sharply since the company’s public debut on the New York Stock Exchange on Thursday, with early gains quickly reversing as initial IPO enthusiasm cooled and investors moved to lock in profits. BitGo priced its initial public offering at $18 a share and it jumped about 25% in its first day of trading, reflecting strong early demand. While the stock closed only modestly higher in its first full session, the rally proved short-lived. Shares have since fallen below their IPO price,…

Ethereum (ETH) Reversal Pattern Hints at $3.6K Rally Soon

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Ethereum forms a diamond pattern near $2.9K, with whales accumulating and long-term setups hinting at a possible move toward $3,600. Ethereum (ETH) is trading around $2,900, following a daily drop of over 3%. Over the past week, the price has lost nearly 12%, with sellers pushing it below the key $3,000 mark. Despite the short-term weakness, chart patterns and activity from large holders have led to renewed interest in a possible rebound toward $3,600. Diamond Formation on Lower Time Frame A chart shared by analyst Bryant shows a diamond…

Grayscale files S-1 seeking approval for BNB ETF

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Grayscale has filed a registration statement with the US Securities and Exchange Commission seeking approval to launch an exchange-traded fund that tracks BNB, the native token of the BNB Chain. According to the filing, the proposed Grayscale BNB ETF would hold BNB tokens and aim to reflect the asset’s market price, less expenses. If approved, the fund would trade on the Nasdaq under the ticker GBNB, with Bank of New York Mellon listed as transfer agent and Coinbase Custody serving as custodian. BNB is the native token of the BNB…

Prediction Markets Bet Bitcoin Won’t Reach $100K Before June

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Bitcoin (BTC) may remain pinned below $100,000 for the first half of 2026 as the market lacks bullish catalysts amid macroeconomic uncertainties.  Key takeaways: BTC price has a less than 10% chance of retaking $100,000 before Feb. 1, according to prediction markets. Traders predict that Bitcoin is unlikely to see $100,000 before June. Bitcoin’s price will likely drop below Strategy’s cost basis. Less than 10% chance BTC hits $100,000 before February The majority of traders on Polymarket and Kalshi don’t expect Bitcoin to return to a six-figure price over the…

French Authorities Investigate Data Breach of Crypto Tax Platform

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A local news outlet reported that a hacking group called the Shiny Hunters sent ransom demands to Waltio after seizing personal data from about 50,000 users. Authorities in France have started a preliminary investigation into a breach of cryptocurrency tax platform Waltio that could have compromised users’ personal data. According to a Thursday notice by French cybersecurity authorities, the Paris Public Prosecutor’s Office and the country’s National Cyber ​​Unit were investigating the nature of the stolen data and identities of Waltio users. The notice warned that users affected by the…