Month: January 2026

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…

Iran’s central bank used $500M in Tether to fight FX collapse and evade sanctions

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Iran’s central bank accumulated more than $507 million in USDT to evade sanctions and access offshore dollar liquidity, according to blockchain analytics firm Elliptic. The report links a network of wallets to the Central Bank of Iran, revealing a coordinated strategy to bypass traditional banking rails. Leaked documents detail two USDT purchases in April and May 2025, paid in Emirati dirhams. The funds initially flowed through Nobitex, Iran’s largest crypto exchange, likely to inject stablecoins into the local market and stabilize the collapsing rial. Following a June 2025 hack on…

Arnav Pagidyala: Ethereum and Solana will dominate by 2026, Solana’s community culture enhances its ecosystem, and Robinhood is set to surpass Coinbase

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Ethereum and Solana are expected to solidify their positions as leading blockchain platforms by 2026. General-purpose blockchain networks will find it challenging to compete with the established network effects of Ethereum and Solana. Solana is gaining favor among developers and consumers, positi… Key takeaways Ethereum and Solana are expected to solidify their positions as leading blockchain platforms by 2026. General-purpose blockchain networks will find it challenging to compete with the established network effects of Ethereum and Solana. Solana is gaining favor among developers and consumers, positioning itself as a key…

Vladimir Novakovski: DeFi must match traditional finance performance, why solving real-world problems is crucial, and the evolving role of Ethereum in trading

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DeFi must match the performance of traditional finance while maintaining verifiability. Building in crypto should focus on solving significant problems rather than building for its own sake. Most digital asset trading remains centralized, not utilizing blockchain technology. Key takeaways DeFi must match the performance of traditional finance while maintaining verifiability. Building in crypto should focus on solving significant problems rather than building for its own sake. Most digital asset trading remains centralized, not utilizing blockchain technology. On-chain verifiable actions by intermediaries can improve efficiency over opaque traditional finance. Perpetual contracts…

Zach Pandl: Bitcoin projected to hit $126,000 by mid-2026, Ethereum to outperform due to regulatory clarity, and the rise of stablecoins in corporate finance

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Bitcoin is projected to reach a new all-time high by the first half of 2026. Ethereum is expected to continue outperforming Bitcoin due to its market dynamics. The US crypto industry is moving towards greater regulatory clarity. Key Takeaways Bitcoin is projected to reach a new all-time high by the first half of 2026. Ethereum is expected to continue outperforming Bitcoin due to its market dynamics. The US crypto industry is moving towards greater regulatory clarity. The Genius Act has significantly influenced the regulatory approach to crypto. Positive trends are…