Month: January 2026

XRP Price Weakness Deepens, Opening the Door to a Sharper Drop

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Court temporarily blocks Tennessee regulators’ action against Kalshi

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Key Takeaways A federal court issued a temporary restraining order in favor of Kalshi to prevent Tennessee from enforcing state gambling laws against it. Judge Aleta Trauger determined that Kalshi is likely to succeed on its claims and would suffer irreparable harm without the restraining order. Share this article A US federal judge has issued a temporary restraining order preventing Tennessee officials from enforcing state gambling laws against Kalshi, the leading prediction market platform. The order comes after the Tennessee Sports Wagering Council (SWC) moved to block Kalshi, alongside Polymarket…

Tech Giants Must Pay Their Own Data Center Power Bills

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US President Donald Trump has pledged to make major tech companies “pick up the tab” for their power usage to prevent everyday Americans from paying more for electricity. “I never want Americans to pay higher electricity bills because of data centers,” Trump said on his social media platform Truth Social on Tuesday. He blamed the Democrats for surging household electricity bills and vowed to work with major American tech giants to “secure their commitment to the American People,” with an announcement in the coming weeks. The average price of electricity…

Ethereum Price Pushes Toward Breakout Levels, Bulls Smell Opportunity

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Ethereum price failed to clear the $3,160 resistance and dipped again. ETH is now consolidating and might make another attempt to surpass $3,200. Ethereum started a downside correction below $3,180 and $3,150. The price is trading below $3,120 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,085 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it stays above the $3,080 zone. Ethereum Price Starts Consolidation Ethereum price failed to surpass $3,150…

Meta Plans To Cut 10% Of Metaverse Division

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Meta is reportedly set to lay off around 10% of staff from its metaverse arm Reality Labs this week, as the firm focuses its resources on artificial intelligence.  According to a report from the New York Times (NYT) on Monday, citing sources close to the matter, Meta could announce the cuts to the division as soon as Tuesday.  Reality Labs has around 15,000 staff members. The division focuses on virtual reality (VR) gear such as headsets, as well as operating the firm’s metaverse platforms Horizon Worlds and Horizon Workrooms.  The…

Senate AG Delays Crypto Bill Markup to Late January

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The US Senate Agriculture Committee has pushed its markup of the crypto market structure bill to the end of January, saying it needs more time to garner support for the legislation. Committee Chairman John Boozman said on Monday that he wanted to advance a bipartisan-supported bill and has “made meaningful progress and had constructive discussions as we work toward this goal.” “To finalize the remaining details and ensure the broad support this legislation requires, additional time is needed before moving to markup,” he added. “The committee will mark up this…

Senators Propose Bill to Protect Developers from Money Transmitter Rules

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US Senators Cynthia Lummis and Ron Wyden have introduced standalone legislation to ensure that blockchain developers and service providers who don’t directly handle user funds are exempt from money transmitter regulations. The Blockchain Regulatory Certainty Act (BRCA), introduced by Lummis and Wyden on Monday, aims to clarify that writing software or maintaining networks doesn’t trigger federal or state money-transfer requirements. There have been mounting concerns among crypto developers about being held criminally liable for the way people choose to use their software.  Last year, Tornado Cash co-founders Roman Storm and…

Senators Lummis and Wyden push bill to exempt non-custodial blockchain developers from money transmitter laws

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Key Takeaways Senators Cynthia Lummis and Ron Wyden introduced a bill to exempt non-custodial blockchain developers from being classified as money transmitters. The bill clarifies that developers who do not have control over user funds should not fall under federal money transmitter laws. Share this article US Senators Cynthia Lummis and Ron Wyden on Monday unveiled the Blockchain Regulatory Certainty Act, bipartisan legislation that would exempt non-custodial blockchain developers and infrastructure providers from federal money transmitter rules. The bill aims to protect innovation, maintain consistency with federal guidance, and prevent…

Bitcoin Price Stays Pinned Above Support, Setting Up a Bigger Move

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Bitcoin price started a consolidation phase below $92,000. BTC is holding the $89,500 support and might attempt to start a fresh increase. Bitcoin started a recovery wave above $90,000 and $90,500. The price is trading above $91,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $90,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it stays above the $90,000 zone. Bitcoin Price Stays In A Range Bitcoin price managed…

Ethereum Must Pass Walkaway Test to Be Self-Sustaining

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Ethereum needs to get to a point where its value proposition remains even if developers stop active work on the protocol, according to its co-founder Vitalik Buterin. “We must get to a place where Ethereum’s value proposition does not strictly depend on any features that are not in the protocol already,” said Buterin in a post to X on Monday. He said Ethereum protocols should aspire to be like hammers: once purchased, they remain usable, unlike services that lose functionality when a vendor walks away. Source: Gabriel Shapiro While Ethereum…