Category: Bitcoin News

Five Stablecoin Myths Debunked By Columbia Professor

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The US banking industry has been pushing “myths” about stablecoin yields to protect itself, and Congress should prioritize consumers rather than highly profitable banks, argues crypto lecturer and author Omid Malekan.  “I am disappointed that market structure legislation seems to be held up by the stablecoin yield issue. Most of the concerns bouncing around Washington are based on unsubstantiated myths,” Malekan, an adjunct professor at Columbia Business School, posted to X on Monday.  He stated that the passage of crypto market structure legislation in Washington “now seems to partially depend…

Ex-NYC Mayor Eric Adams Launches Controversial Token

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Eric Adams has made his first major public move since leaving the New York City Mayor’s Office, launching a New York City–themed crypto token aimed at addressing anti-semitism and “anti-Americanism.” In a post to X on Monday, Adams announced the launch of the “NYC Token, with a link to a website that says it also aims to inspire the next wave of innovation in NYC. “I always say there are two types of Americans, those who live in New York and those who wish they could,” Adams said in a…

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…

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…

Fitch Warns Bitcoin-Backed Securities Pose High Market Value Risk

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Credit rating company Fitch Ratings has flagged a high degree of risk associated with Bitcoin-backed securities, a warning that could complicate the expansion of crypto-linked credit products among institutional investors. In a Monday assessment, Fitch said Bitcoin-backed securities, financial instruments typically structured by pooling Bitcoin (BTC) or Bitcoin-linked assets and issuing debt against that collateral, carry “heightened risks” that “are consistent with speculative-grade credit profiles.” The agency said such characteristics could place the products in speculative-grade territory, a designation associated with weaker credit quality and a higher likelihood of losses.…

3 Data Points Shape ETH’s Next Breakout to $4K

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ETH’s recent rally was driven by spot demand and a healthy use of futures market leverage, potentially setting Ether up for a follow-up move to $4,000. Ether’s (ETH) futures and spot markets are sending mixed signals as futures positioning builds, but the altcoin’s price fails to make new highs. Data suggested that ETH traders are adding to their exposure even as spot buying underpins the recovery. Key takeaways: Ether’s estimated leverage ratio fell from an all-time high of 0.79 on Jan. 2 to 0.67 by Jan. 11, despite rising open…

Crypto Enters Second Phase of Institutional Adoption, Binance Research Says

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Despite a weak finish to 2025 for digital asset markets, the sector appears to be undergoing a structural shift, moving away from retail-led momentum trading toward one increasingly shaped by institutional capital flows and long-term strategic positioning. That was a key takeaway from a recent macro weekly report by Binance Research, which pointed to a “structural pivot” underway across digital asset markets. The report highlighted potential drivers including sovereign accumulation in emerging markets and legislative efforts in the United States to establish a strategic digital asset reserve. Following the approval…

Bitcoin, Altcoins Find Firm Ground, But Bear May Sell Range Highs

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Key points: Bitcoin may reach the $94,789 level, where the bears are expected to step in. Select major altcoins are showing strength, indicating that the recovery may continue for some more time. Bitcoin (BTC) bulls have pushed the price above $92,000, but higher levels may attract sellers. The net outflows of $1.37 billion from BTC exchange-traded funds from Tuesday to Friday last week, according to SoSoValue data, show that institutional investors remain cautious.    Fidelity Investments director of global macro Jurrien Timmer said in a post on X that BTC is…

‘Book Closed’ On Bitcoin Vs. Gold Debasement Trade

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Bitcoin (BTC) is looking like the loser versus gold as precious metals top new all-time highs Monday. Key points: Bitcoin is not the debasement trade after years of loses against gold, analysis concludes. As precious metals hit all-time highs, BTC price action fails to rebound. Gold starts grilling the S&P 500, potentially shifting a years-old narrative if it continues to gain. BTC debasement trade: “The narrative is broken” New analysis from Karel Mercx, an investment specialist at Dutch investment advisory Beleggers Belangen, says Bitcoin has failed as the “debasement trade.”…