Month: January 2026

Bitmine increases staked Ethereum to 1.9M ETH, valued at $5.7B: On-chain data

admin

BitMine Immersion Technologies, the publicly traded Ethereum treasury company led by Tom Lee, staked an additional 171,264 ETH worth $503 million today, according to data tracked by Lookonchain. Tom Lee(@fundstrat)’s #Bitmine staked another 171,264 $ETH($503.2M) 6 hours ago. In total, #Bitmine has now staked 1,943,200 $ETH($5.71B).https://t.co/P684j5YQaG pic.twitter.com/xrFAF4KKau — Lookonchain (@lookonchain) January 23, 2026 The firm’s total staked Ether now stands at about 1.9 million ETH, valued at roughly $5.7 billion. BitMine holds over 4 million ETH in total, representing approximately 3.5% of Ethereum’s circulating supply. The company has set a…

SEC, CFTC To Hold Discussion On Harmonizing Crypto Oversight

admin

The SEC’s Paul Atkins and the CFTC’s Michael Selig will discuss the two agencies’ crypto oversight as legislative efforts to define their roles work through the Senate. The US Securities and Exchange Commission and the Commodities Futures Trading Commission say they’re coming together to discuss their efforts to implement President Donald Trump’s crypto agenda. The agencies said on Thursday that SEC chair Paul Atkins and freshly-installed CFTC chair Michael Selig will hold an event on Tuesday to discuss the “harmonization between the two agencies.” “For too long, market participants have…

Ethereum Mainnet Activity Surpasses All Layer-2 Networks

admin

Network activity on the Ethereum mainnet has now surpassed that on layer-2 scaling blockchains as gas fees remain low, though it may not all be organic users. Token Terminal said on Thursday that there has been a “return to mainnet,” with daily active addresses on Ethereum outranking all leading layer-2s. A recent spike in active addresses closed in on 1 million per day, with Etherscan showing that active addresses surged to around 1.3 million on Jan. 16 but have since settled to around 945,000 daily active addresses. The figure is…

Ethereum Bulls Must Conquer $3,050 Or Momentum Quickly Fades

admin

Ethereum price started a minor recovery wave from the $2,865 zone. ETH is now consolidating losses and might aim for a recovery if it clears $3,050. Ethereum started a consolidation phase below $3,050. The price is trading below $3,040 and the 100-hourly Simple Moving Average. There was a break above a contracting triangle with resistance at $2,950 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,900 zone. Ethereum Price Aims Recovery Ethereum price failed to remain…

Odds of BlackRock CIO becoming next Fed chair peak ahead of Trump call

admin

Traders on prediction markets pushed odds of BlackRock’s Rick Rieder becoming the next Federal Reserve chair to fresh highs as President Donald Trump’s decision nears. Rieder, BlackRock’s bond chief, saw his odds surge to nearly 35% on Kalshi and around 34% on Polymarket on Thursday. While he still trails White House economist Kevin Warsh overall, the gap narrowed over the past 24 hours as Warsh’s odds dropped 7% on Polymarket and 5% on Kalshi. Trump could decide on the next Fed chair as early as next week, according to Treasury…

Bitcoin Price Stability Sparks Recovery Hopes, But Hurdles Loom

admin

Bitcoin price started a consolidation phase below $90,500. BTC is consolidating losses and might attempt a recovery wave if it clears $91,500. Bitcoin started a minor recovery wave from the $87,200 level. The price is trading below $90,500 and the 100 hourly Simple moving average. There was a break above a short-term bearish trend line with resistance at $89,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might recover if it manages to settle above $90,500 and $91,500. Bitcoin Price Eyes Recovery Bitcoin price…

Bitcoiners Reject Quantum Computing Fears Weighing On Price

admin

Bitcoin backers have minimized claims that fears around quantum computing being a threat to the cryptocurrency sooner than expected are dragging on its price. Glassnode lead analyst James Check said in an X post on Thursday that linking Bitcoin’s price to quantum computing fears “is akin to blaming market manipulation for red candles, and declining exchange balances for green ones.”  Check argued that while quantum computing may be “keeping some capital away” from Bitcoin (BTC), the weakness in Bitcoin’s price performance has been driven far more by heavy selling from…

Bitcoin Pro Traders Buy Dips, While Also Expecting More Downside

admin

Key takeaways: Bitcoin funding rates sit at 7%, showing bullish traders are still hesitant to increase leveraged positions. The spot Bitcoin ETFs saw $1.58 billion in outflows while gold hit record highs, signaling a shift toward safe assets. Bitcoin (BTC) has been pinned below $91,000 since Tuesday, even as equity markets rallied on strong US economic growth and employment data. As BTC struggles to find bullish momentum, muted demand for leveraged long BTC positions has led traders to question whether the $88,000 support level can hold much longer. BTC perpetual…

Billions of AI Agents to Use Stablecoins in 5 Years: Circle

admin

Within three to five years, billions of artificial intelligence agents that can work without human input will use crypto and stablecoins for everyday payments on behalf of users, says Jeremy Allaire, the CEO of stablecoin issuer Circle. “Three years, five years from now, one can reasonably expect that there will be billions, literally billions of AI agents conducting economic activity in the world on a continuous basis,” Allaire said on Thursday at the World Economic Forum in Davos, Switzerland. “They need an economic system. They need a financial system. They…

Crypto Market Structure Bill Reportedly Set Back for Weeks

admin

The contentious crypto market structure bill has been delayed for weeks following a failure to come to an agreement with US policymakers. The American crypto market structure bill, or CLARITY Act, faces delays of several weeks to months as the Senate Banking Committee shifts focus to housing legislation aligned with President Trump’s affordability agenda, reported Bloomberg on Thursday. The Committee is likely to postpone further consideration of the crypto regulations, which were already delayed last week, until late February or March, stated the report, citing anonymous sources. The controversial crypto…