Month: January 2026

Ethereum Price Inches Higher, Building Pressure for a Follow-Through

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Ethereum price failed to clear the $3,220 resistance and dipped. ETH is now attempting to recover and faces an uphill task near the $3,150 level. Ethereum started a downside correction below $3,220 and $3,200. The price is trading below $3,180 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $3,100 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it stays above the $3,050 zone. Ethereum Price Attempts Fresh Increase Ethereum…

Optimism Proposes Using 50% Of Superchain Revenue To Buy Back OP Tokens

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The Optimism Foundation has floated a major shakeup to the dynamics of the layer 2’s OP token, proposing to allocate 50% of its Superchain revenue to regular buybacks of the asset.  Optimism Grants council member Michael Vander Meiden shared the proposal via X on Thursday, highlighting that “after many years of being a ‘useless gov token’ the value of the OP token will finally be tied to network activity.” The proposal was initially submitted in the Optimism governance forum on Wednesday. It outlines a plan to direct 50% of incoming…

Nasdaq-listed miner BitFuFu expands Bitcoin treasury to 1,780 BTC

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Key Takeaways BitFuFu increased its Bitcoin holdings to 1,780 BTC by the end of 2025. The company reduced its pledged Bitcoin balance, enhancing liquidity. Share this article Singapore-based Bitcoin miner BitFuFu announced Thursday it added 16 BTC, increasing the total BTC held to 1,780 BTC by the end of 2025. The stash is valued at over $160 million at current market prices. BitFuFu also reported reducing its pledged Bitcoin balance from 620 BTC to 274 BTC, strengthening its liquidity and financial flexibility. On mining activity, the Nasdaq-listed company said it…

Bitcoin Price Holds Support After Pullback—What Comes Next?

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Bitcoin price started a downside correction below $92,500. BTC is now struggling and might face barriers for a fresh increase near $92,000. Bitcoin started a downside correction and traded below the $91,200 zone. The price is trading below $91,500 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $92,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it stays below the $92,000 zone. Bitcoin Price Attempts Recovery Bitcoin price failed…

Sanctions Drive Illicit Crypto Address Flows to Record High in 2025

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Ongoing sanctions against nation-states last year pushed the total value of crypto received by illicit addresses to its highest in history, as blacklisted entities sought to evade sanctions at scale. Throughout 2025, there were “unprecedented volumes associated with nation-states’ on-chain behavior,” blockchain analytics firm Chainalysis said in their 2026 crypto crime report on Thursday. Illicit cryptocurrency addresses received at least $154 billion in 2025, a 162% increase year-over-year from 2024’s $59 billion, primarily driven by the value received by sanctioned entities.  At the same time, Russia, which is facing sanctions…

Major Wall Street trade group SIFMA meets privately with crypto leaders on market structure bill

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Key Takeaways Wall Street trade group SIFMA is actively engaging with crypto industry leaders to discuss the crypto market structure bill. The conversation was described as constructive on DeFi-related issues but inconclusive on other contentious topics, including yield-bearing stablecoins. Share this article As the Senate prepares for a potentially decisive vote on crypto market structure legislation, Wall Street and crypto industry players have begun private negotiations to narrow their differences. Representatives from SIFMA, the major Wall Street trade association, and the crypto industry held a private meeting on Thursday in…

Bitcoin to Hit 2.9M by 2050 as it Becomes Global Trade Currency: VanEck

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Bitcoin could reach $2.9 million by 2050 once it becomes a settlement currency for international and domestic trade and makes its way into more central bank reserves, analysts at asset manager VanEck predict. The $2.9 million price target assumes a 15% Compounded Annual Growth Rate (CAGR) and Bitcoin (BTC) settling 5-10% of global international trade and 5% of domestic trade by 2050, according to VanEck’s head of digital assets research, Matthew Sigel and senior investment analyst, Patrick Bush. Global liquidity expansion and monetary debasement would be the primary drivers of…

New York Reintroduces Bill Restricting Prediction Markets

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New York Assemblyman Clyde Vanel has reintroduced legislation to the US state’s lower house that aims to restrict what event contracts prediction markets such as Kalshi and Polymarket can offer. Vanel resubmitted the Oversight and Regulation of Activity for Contracts Linked to Events, or ORACLE Act, to the New York State Assembly on Wednesday, which was first introduced in November and aims to ban certain markets tied to politics, sports, the stock market and others. Prediction markets have gained popularity over the past year and offer bets on a range…

Bank of America Says Coin a Buy and Could Rise 38%

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Bank of America has joined Goldman Sachs in lifting Coinbase from “neutral” to “buy” this week, citing Coinbase’s lead role in bringing the financial system on-chain and becoming an “everything exchange.” In a research note released on Thursday, BofA said Coinbase’s expansion from trading to tokenizing real-world assets, including stocks and exchange-traded funds, as well as its move into prediction markets, is positioning it to cross-sell more products to new and future users and lead a “new financial system.” “While the stock is off 40% from its July highs, under…

Spot XRP ETFs’ Record Green Streak Snapped as Ripple Price Plunges 13% in Days

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As the old saying goes, all good things must come to an end. The longest green streak in terms of daily net flows for spot cryptocurrency ETFs has come to an end after almost two months of consecutive positive numbers. The spot XRP exchange-traded funds have seen their first red day on January 7, as the underlying asset’s price has tumbled by 13% since its local peak earlier this week. XRP ETF Streak Broken The first spot XRP ETF was released by Canary Capital on November 13, 2025, and…