CryptoPress

ICP token at $4.41, up 2.6% in the past 24 hours.

41% weekly gain from approximately $3.17 last Friday.

Outperforms Bitcoin and major altcoins, which saw declines.

Boosted by renewed AI sector confidence after TSMC’s blowout earnings.

“Mission 70” tokenomics white paper proposes supply reductions and accelerated burn mechanisms.

Internet Computer’s native token ICP extended its strong weekly performance into Friday, standing out in an otherwise muted cryptocurrency market.

As of early Friday morning, ICP traded at $4.41, reflecting a 2.6% increase over the prior 24 hours, according to CoinGecko data. The token has risen approximately 41% since last Friday, when it hovered around $3.17.

The gains contrast sharply with broader market trends, where Bitcoin and numerous large-cap cryptocurrencies posted losses relative to Thursday’s levels.

Part of ICP’s resilience stems from heightened optimism in the AI sector. Taiwan Semiconductor Manufacturing Co. (TSMC) recently delivered exceptional earnings results, reinforcing confidence across assets tied to artificial intelligence development—including blockchain platforms like Internet Computer that integrate AI tools and decentralized computing.

Yet the token appears to be drawing additional, network-specific support from a newly released tokenomics proposal. Earlier this week, the “Mission 70” white paper outlined a series of supply-side adjustments alongside initiatives designed to accelerate demand and token burning, with the explicit goal of significantly curbing ICP inflation.

Market participants often respond favorably to deflationary narratives well before formal adoption. As observed in trading circles, reduced-emission frameworks frequently generate immediate buying interest, creating what traders describe as an “instant bid.”

While the proposals remain subject to community governance and further refinement, the initial market reaction suggests investors are pricing in potential long-term benefits for token scarcity and value.

Internet Computer continues to position itself at the convergence of blockchain, cloud computing, AI, and decentralized governance—a narrative that appears to resonate amid the current AI-driven market sentiment.

Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.

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The U.S. Senate Banking Committee postponed a markup on landmark crypto legislation after Coinbase withdrew support.

CEO Brian Armstrong cited provisions that could harm consumers, stifle competition, and erode CFTC authority.

Stakeholders anticipate a revised draft in coming weeks to address industry concerns.

The U.S. Senate Banking Committee has postponed a scheduled markup of a major cryptocurrency regulation bill following strong opposition from Coinbase, the leading U.S. crypto exchange.

Coinbase’s stance highlights potential risks to innovation and consumer rights. In a detailed post on X, CEO Brian Armstrong outlined key issues with the draft, including a de facto ban on tokenized equities, DeFi restrictions that could undermine privacy, diminished authority for the Commodity Futures Trading Commission (CFTC), and measures that would eliminate rewards on stablecoins.

After reviewing the Senate Banking draft text over the last 48hrs, Coinbase unfortunately can’t support the bill as written.There are too many issues, including:– A defacto ban on tokenized equities– DeFi prohibitions, giving the government unlimited access to your financial…

— Brian Armstrong (@brian_armstrong) January 14, 2026

“After reviewing the Senate Banking draft text over the last 48hrs, Coinbase unfortunately can’t support the bill as written,” Armstrong stated. He emphasized that the legislation “would be materially worse than the current status quo,” adding, “We’d rather have no bill than a bad bill.”

The bill sought to establish a clear regulatory framework for digital assets. It aimed to classify crypto tokens as securities or commodities, addressing long-standing industry calls for clarity. However, according to Armstrong in an interview with CNBC, certain provisions could prove “catastrophic” for consumers and competition, prompting the company’s last-minute opposition.

The committee canceled the markup on January 15, 2026, hours after Armstrong’s public statement, as reported by Reuters. Sources indicate negotiations continue, with a revised version potentially emerging soon.

Industry and political reactions underscore the bill’s challenges. Armstrong accused banking lobbyists of pushing restrictions on stablecoin rewards to eliminate competition, per Bloomberg. Meanwhile, The New York Times noted the opposition reflects broader tensions between crypto firms and traditional finance.

Broader implications for the crypto ecosystem. The delay comes amid ongoing efforts to integrate cryptocurrencies like Bitcoin and BNB into mainstream finance. Stablecoins, often used for trading and yield generation, could face significant changes if the bill advances without revisions.

Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.

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The Senate Banking Committee has postponed its markup of the digital asset market structure bill due to ongoing bipartisan negotiations.

Coinbase CEO Brian Armstrong publicly opposed the bill, citing concerns over stablecoin rewards, tokenized equities, and erosion of CFTC authority.

The delay highlights tensions between crypto innovation and traditional banking interests, potentially extending regulatory uncertainty.

The U.S. Senate Banking Committee has delayed its planned markup of a landmark crypto market structure bill, originally set for Thursday, following vocal opposition from Coinbase and amid unresolved bipartisan issues.

Committee Chairman Tim Scott (R-S.C.) announced the postponement, emphasizing that stakeholders remain engaged in good faith discussions. “I’ve spoken with leaders across the crypto industry, the financial sector, and my Democratic and Republican colleagues, and everyone remains at the table working in good faith,” Scott said, highlighting the bill’s aim to protect consumers and bolster national security.

Coinbase Pulls Support for Senate Crypto Market Structure Bill Ahead of Key Vote https://t.co/5Qw8sp88Vs #breaking #news

— Cryptopress (@CryptoPress_ok) January 15, 2026

The bill seeks to clarify whether crypto tokens are securities or commodities and assign oversight of spot markets primarily to the Commodity Futures Trading Commission (CFTC). It has faced scrutiny over provisions restricting stablecoin rewards. Traditional banks have lobbied against these yields, arguing they pose risks to regulated deposits, while crypto advocates view them as essential for innovation.

Coinbase, a major player in the industry, withdrew support on Wednesday. In a detailed statement, CEO Brian Armstrong criticized the draft for imposing a de facto ban on tokenized equities, eroding CFTC authority in favor of the SEC, and eliminating stablecoin rewards. “We’d rather have no bill than a bad bill,” Armstrong stated, underscoring the need for fair treatment of crypto alongside traditional finance.

This development comes as the Senate Agriculture Committee also delayed its related markup until late January, signaling broader challenges in merging the legislation. Senator Cynthia Lummis (R-Wyo.) expressed disappointment but pledged to refine the bill based on industry feedback.

The postponement could heighten market volatility for assets like Bitcoin and Ethereum, as investors await clearer rules. While the delay allows for potential improvements, it risks stalling U.S. leadership in digital finance amid global competition. Analysts note that without resolution, ongoing enforcement actions may persist, though the current administration’s pro-crypto stance offers some optimism.

Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.

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Quick Take

Coinbase has announced it cannot support the current draft of the Senate Banking Committee’s crypto market structure bill.

CEO Brian Armstrong highlighted issues including a de facto ban on tokenized equities, DeFi prohibitions that erode privacy, erosion of CFTC authority, and threats to stablecoin rewards.

The Senate Banking Committee is scheduled to mark up the bill on Thursday, January 15, 2026.

The decision comes amid ongoing tensions between crypto firms and banking lobbies over yield programs.

Coinbase’s Sudden Withdrawal

In a significant shift, Coinbase, one of the leading voices in crypto advocacy, has pulled its support from the Senate’s Digital Asset Market Clarity Act (CLARITY Act). CEO Brian Armstrong stated on X that after reviewing the draft text, the exchange "unfortunately can’t support the bill as written." He emphasized that the current version would be "materially worse than the current status quo," preferring no bill over a bad one. (Source: Armstrong’s X post)

Key Concerns Raised

Armstrong outlined several red-line issues, including a de facto ban on tokenized equities, which could stifle innovation in blending traditional finance with blockchain. He also criticized DeFi prohibitions that grant the government broad access to financial records, undermining user privacy—a core tenet of decentralized finance. Additionally, the bill erodes the Commodity Futures Trading Commission’s (CFTC) authority, making it subservient to the Securities and Exchange Commission (SEC), potentially centralizing oversight and hindering growth.

Stablecoin Rewards at the Center of Debate

A major sticking point is the treatment of stablecoin rewards. Draft amendments could eliminate yield programs offered by platforms like Coinbase, which Armstrong described as allowing banks to "ban their competition." This echoes community sentiments that banks are lobbying to prevent "deposit flight" to crypto platforms, protecting their monopoly on interest while stifling innovation. Coinbase views this as a "red line" issue, arguing it would evaporate the competitiveness of U.S. stablecoins like USDC. The bill builds on the GENIUS Act, signed in July 2025, but banks have ramped up efforts to restrict non-bank rewards.

Industry and Community Reactions

The move has sparked mixed reactions. Supporters of the bill argue it provides much-needed clarity for the industry, dividing oversight between the SEC and CFTC. However, critics, including DeFi advocates, warn of overreach that could drive innovation overseas. Community opinions on X highlight frustration with bank greed, with some calling it "funny how banks want to ban crypto rewards just because they’re scared." Balanced views note risks, such as potential consumer harm from unregulated yields, but emphasize the need for fair competition.

Broader Implications for Crypto

This development could impact major cryptocurrencies like Bitcoin, Ethereum, and stablecoins such as USDC (from CryptoPress coins list). If passed in its current form, the bill might weaken U.S. leadership in crypto, especially amid global advancements. Coinbase remains committed to pushing for revisions, appreciating bipartisan efforts but insisting on a level playing field.

For more context on regulatory pushes, see this related note from CryptoPress: Brian Armstrong Champions Crypto Clarity.

Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.

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What is Zeebu?

Zeebu is a pioneering decentralized finance (DeFi) ecosystem purpose-built for the global telecommunications carrier industry. It functions as an on-chain settlement platform that allows telecom carriers to settle invoices using the ZBU token, bypassing the inefficiencies and high costs of traditional banking and cross-border settlement systems. By integrating a loyalty and rewards layer into the B2B settlement process, Zeebu incentivizes high-volume transactions, creating a niche DeFi utility for real-world assets (RWA).

Zeebu Yield Opportunities: High-Octane Rewards for Liquidity Providers

The current landscape for Zeebu (ZBU) presents some of the most aggressive yield opportunities in the RWA and Telecom-DeFi sectors. With a reported APY of 842.50%, the project is currently in a high-growth phase, utilizing its native ZBU token to bootstrap liquidity and attract early adopters to its settlement protocol.

This yield is primarily generated through the Zeebu Liquidity Program, where users provide liquidity to facilitate the seamless exchange and settlement of telecom invoices. The project has successfully locked over $11.05 million in TVL (Total Value Locked), supported by a growing community of over 60,410 users. For investors, the appeal lies in the intersection of a high-yield incentive structure and a protocol that addresses a multi-billion dollar real-world pain point.

Project Factsheet

Feature Details Name Zeebu (ZBU) Yield ~842.50% APY Sector RWA, Telecom Settlement, DeFi Chains Ethereum (ETH), Arbitrum

Analyzing the Sustainability of 800%+ Returns

While the triple-digit APY is the primary “hook,” it is essential to understand that such high yields are often part of early-stage ecosystem incentives.

Settlement Velocity: Unlike purely speculative tokens, ZBU’s value proposition is tied to the volume of telecom invoices settled.

User Growth: With 60k+ users, the protocol is moving toward a stress-tested environment.

Incentive Design: The high APY is designed to ensure that there is enough deep liquidity for large-scale B2B transactions without significant slippage.

Yield Steps: How to Get Started

To participate in the Zeebu yield ecosystem and capture the current rewards, follow these steps:

Acquire ZBU Tokens: Purchase ZBU on supported exchanges (such as MEXC, Gate.io, or Uniswap).

Connect to Zeebu.fi: Navigate to the official Zeebu Finance dApp and connect your Web3 wallet (MetaMask or Rabby).

Select a Liquidity Pool: Choose the staking or liquidity provision pool that matches your risk profile (commonly ZBU/ETH or ZBU/USDT).

Deposit and Stake: Deposit your tokens into the protocol. If providing liquidity, you will need to stake your LP tokens to begin earning the 842.50% APY.

Claim Rewards: Monitor your dashboard and claim your accumulated ZBU rewards according to the protocol’s vesting or harvest schedule.

The post High APY on Zeebu: Is This 842% Yield Sustainable? appeared first on Cryptopress.

Bitcoin price breakout: BTC surged past $94,000, extending early-year gains amid positive macro signals.

ETF inflows rebound: U.S. spot Bitcoin ETFs recorded significant net inflows after recent outflows, supporting the rally.

Market drivers: Lower CPI data and institutional demand drove the momentum, with traders eying higher levels.

Bitcoin experienced a strong upward move on January 13-14, 2026, breaking past $94,000 as fresh U.S. Consumer Price Index (CPI) data came in cooler than anticipated, boosting risk appetite across markets. This price action was further supported by a notable rebound in inflows to spot Bitcoin exchange-traded funds (ETFs), reversing a recent streak of outflows.

Bitcoin $96K Surge Bitcoin surges past $96,000 with $590 million in shorts liquidated amid tensions between Trump and the Federal Reserve.

— Cryptopress (@CryptoPress_ok) January 14, 2026

CPI data provides macro tailwind. The latest CPI release showed inflation cooling, aligning with expectations for potential Federal Reserve policy easing. This environment encouraged investors to rotate into risk assets, including cryptocurrencies, contributing to Bitcoin’s rapid ascent.

ETF flows turn strongly positive. Following several days of net outflows, U.S. spot Bitcoin ETFs saw renewed inflows, with reports highlighting a significant daily total that ranked among the strongest in recent months. This institutional buying pressure absorbed available supply and amplified the upward price movement.

Date Total Net Flow IBIT (BlackRock) FBTC (Fidelity) BITB (Bitwise) ARKB (Ark/21S) Other (GBTC, HODL, etc.) Jan 02 & 05 +$697.0 +$287.0 Combined with Ark: +$410.0 Jan 07 -$486.1 -$130.0 -$247.6 -$39.0 -$42.3 -$27.2 Jan 08 -$398.8 -$193.3 -$120.5 +$3.0 -$9.6 -$78.4 Jan 09 -$250.0 -$252.0 +$7.9 -$5.9 $0.0 $0.0 Jan 12 +$116.7 -$70.7 +$111.7 $0.0 $0.0 +$75.7 Jan 13 +$753.8 +$126.3 +$351.4 +$159.4 +$84.9 +$31.8

Broad market participation. The rally extended beyond Bitcoin, with improved sentiment lifting related assets. Analysts noted that the combination of favorable macro data and ETF demand created structural support for further gains, though volatility remains a key consideration given ongoing political and regulatory developments.

Investor considerations. While the current momentum reflects optimism, market participants should watch for continued confirmation through upcoming economic indicators and sustained institutional activity. The interplay between inflation trends and ETF flows will likely remain central to near-term price direction.

Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.

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Bipartisan legislation introduced to protect non-custodial blockchain developers.

Safe harbor exempts software creators without user fund control from money transmitter licensing.

Addresses regulatory uncertainty impacting DeFi and open-source projects.

Standalone bill signals priority amid broader crypto market structure talks.

U.S. Senators Cynthia Lummis (R-WY) and Ron Wyden (D-OR) introduced the Blockchain Regulatory Certainty Act on January 12, establishing clear federal exemptions for blockchain developers and service providers who do not custody or control users’ digital assets.

The BRCA creates a safe harbor from money transmitter registration and licensing requirements under the Bank Secrecy Act for non-controlling developers — those lacking the unilateral ability to initiate or effectuate transactions involving consumer funds.

Protected activities outlined in the bill include publishing open-source software for distributed ledgers, maintaining blockchain networks, providing infrastructure support, and offering hardware or software for self-custody solutions.

“Blockchain developers who have simply written code and maintain open-source infrastructure have lived under threat of being classified as money transmitters for far too long,” said Senator Lummis. “This designation makes no sense when they never touch, control, or have access to user funds, and unnecessarily limits innovation.”

Senator Wyden added that forcing code writers to follow rules designed for exchanges or brokers is “technologically illiterate and a recipe for violating Americans’ privacy and free speech rights.”

The standalone introduction underscores bipartisan commitment to developer protections as the Senate Banking Committee prepares to mark up a comprehensive digital asset market structure bill. Similar language is expected to appear in the broader legislation, reflecting ongoing negotiations around decentralized finance treatment and regulatory clarity.

Industry groups welcomed the move, viewing it as essential to retaining blockchain innovation in the U.S. amid concerns that ambiguous rules have pushed development overseas.

While passage of the standalone BRCA remains uncertain, its provisions address long-standing calls for distinguishing between software creation and financial intermediation.

Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.

The post Lummis and Wyden Introduce Bill to Exempt Non-Custodial Blockchain Developers from Money Transmitter Rules appeared first on Cryptopress.

Former Mayor Eric Adams launched the NYC Token on Solana, aiming to fund anti-hate initiatives, but the project quickly faced scrutiny.

The token’s market cap peaked at $580 million before plummeting 80% following a $2.5 million USDC liquidity withdrawal linked to the deployer.

On-chain analysts allege a rug pull, while the team claims the moves were for price stability rebalancing.

Former New York City Mayor Eric Adams unveiled the Solana-based Solana (SOL) NYC Token memecoin on January 12, 2026, promoting it as a tool to combat antisemitism and anti-Americanism through nonprofit funding. The launch, announced via a Times Square event and Adams’ X account, initially drove the token’s market cap to a high of $580 million. However, within 30 minutes, the price crashed over 80%, erasing hundreds of millions in value.

On-chain data revealed a wallet connected to the token’s deployer removed approximately $2.5 million in USDC liquidity from the Meteora pool at the peak. This action triggered widespread rug pull allegations from the crypto community. Analysts like Bubblemaps and Rune highlighted the suspicious timing, noting that $1.5 million was later added back after a 60% price drop, leaving about $900,000 unaccounted for.

The NYC Token, with a total supply of 1 billion and an initial circulating supply of 80 million, allocated 70% to a reserve. Critics pointed to severe centralization, with the top five wallets holding over 92% of the supply, posing significant risks to retail investors. The project’s website offered vague details on fund management and lacked a whitepaper, further fueling transparency concerns.

In a Fox Business interview, Adams stated, “The money that is generated from this coin, we’re going to zero in on how do we stop this massive increase of antisemitism across our country and across the globe, and how do we deal with the increase in anti-Americanism?” He also emphasized blockchain’s role in transparency, but mistakenly referred to it as “block change technology.”

Statement: pic.twitter.com/krRJEV4tjp

— NYC Token (@buynyctoken) January 13, 2026

The team responded via X, claiming the liquidity adjustments were part of a Time-Weighted Average Price (TWAP) mechanism for stability. Despite the rebound to around $128 million market cap, the incident underscores the volatility and risks in politically-tied memecoins. This comes amid Adams’ pro-crypto legacy, including converting paychecks to Bitcoin during his tenure.

Analysts warn that such projects can expose investors to manipulation, drawing parallels to past scams like the Libra token. The event highlights the need for due diligence in memecoin investments, especially those linked to public figures.

Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.

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Federal Reserve Chair Jerome Powell personally disclosed an active federal criminal investigation in a video statement.

The probe focuses on Powell’s earlier congressional testimony regarding a Fed office building renovation project.

Powell described the allegations as a “pretext” aimed at undermining central bank independence.

Bitcoin briefly surpassed $92,000 following the news amid broader market volatility.

Federal Reserve Chair Jerome Powell took the unusual step of releasing a direct video statement on Sunday to confirm reports of an ongoing federal criminal investigation into his conduct.

The investigation reportedly centers on statements Powell made to Congress earlier this year concerning a Federal Reserve office building renovation project.

In the video, Powell rejected the allegations outright, characterizing them as a “pretext” for efforts by the Trump administration to erode the central bank’s independence.

“These allegations are a pretext for an attack on central bank independence,” Powell stated.

The disclosure marks a rare public intervention by the Fed chair on a personal legal matter and underscores heightened political pressure on the institution.

Investors and analysts view central bank independence as a cornerstone of credible monetary policy, and any perceived threats can influence expectations around interest rates and risk assets.

Cryptocurrency markets registered a modest response, with Bitcoin recovering above $92,000 after dipping below $91,000, indicating the news contributed to but did not dominate price action.

Market participants noted that while the situation introduces additional uncertainty, core drivers such as institutional adoption and macroeconomic trends continue to shape Bitcoin’s near-term trajectory.

Further official statements or developments from the Federal Reserve or investigative authorities are awaited.

Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.

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BitGo has filed for a U.S. IPO aiming to raise up to $201 million.

The offering targets a fully diluted valuation of up to $1.96 billion.

Shares are set to list on the NYSE under ticker BTGO.

Goldman Sachs and Citigroup lead the underwriting syndicate.

The move follows a 2025 revenue surge and over $90 billion in assets under custody.

Digital asset custody giant BitGo has officially filed for a U.S. initial public offering, seeking to capitalize on renewed investor interest in crypto infrastructure. The Palo Alto-based firm aims to raise as much as $201 million through the sale of Class A common stock, implying a fully diluted valuation approaching $1.96 billion, according to multiple reports.

The filing, made public on January 12, marks one of the first major crypto-related listings of 2026. BitGo is offering approximately 11.8 million shares priced between $15 and $17, with an additional option for underwriters to purchase more shares. Lead bookrunners include Goldman Sachs and Citigroup, underscoring Wall Street support for regulated crypto service providers.

BitGo’s business has benefited from surging institutional adoption, with the company reporting significant revenue growth in 2025 and managing billions in digital assets for clients. The IPO comes after a private valuation of $1.75 billion in 2023 and follows successful public debuts by peers like Circle.

While the offering tests market appetite for fee-based crypto infrastructure amid high bitcoin prices, analysts note risks from regulatory shifts and market volatility. The proposed NYSE listing under BTGO remains subject to SEC review and prevailing conditions.

The deal could provide liquidity for early backers and fuel further expansion in custody, wallet, and brokerage services, positioning BitGo as a bellwether for institutional crypto plays in 2026.

Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.

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The cryptocurrency market in early January 2026 shows signs of consolidation, with total capitalization around $3.2 trillion and Bitcoin (BTC) trading near $90,800 after failing to sustain breaks above $92,000. Sentiment remains cautious amid fading Fed rate cut expectations and significant ETP outflows, though selective strength in privacy coins and advancing US legislation provide counterpoints.

Revival of US Crypto Market Structure Bill

The most impactful development this week is the renewed push for comprehensive US crypto legislation. Senate Agriculture and Banking Committees scheduled hearings to refine and merge drafts of a major market structure bill, addressing key issues like stablecoin rewards, DeFi treatment, and conflicts of interest for officials. This effort revives stalled 2025 attempts and aims for passage before midterms to lock in pro-crypto gains.

Passage could provide long-sought regulatory clarity, boosting institutional participation and reducing enforcement uncertainty—factors that have weighed on markets since 2022. Proponents highlight potential for clearer rules on exchanges, custody, and innovation, potentially catalyzing inflows similar to post-ETF approval surges. However, debates over DeFi decentralization and stablecoin frameworks could delay or dilute outcomes, keeping short-term volatility elevated amid current macro pressures.

Other news:

Positive

Privacy coins outperform: Monero reaches record ~$576, Zcash gains on renewed demand.

Analysts eye dollar debasement boosting BTC under Trump policies.

Grayscale prepares altcoin ETF filings, signaling institutional expansion.

Neutral

Altcoins to watch: Mantle upgrade, MANTRA migration, Polygon stablecoin ties.

Vitalik Buterin discusses decentralized stablecoin needs for Ethereum.

Negative

$454M weekly ETP outflows amid dimming Fed cut hopes.

JPMorgan removes 2026 rate cuts, forecasts potential 2027 hike.

Record $154B illicit crypto activity in 2025, led by state actors.

Major token unlocks (~$1.69B) add short-term supply pressure.

What coins are moving the most lately? Movers, buying opportunities

Privacy coins lead recent gains, with Monero hitting all-time highs near $576 and Zcash surging on privacy demand. Select alts like Sui showed +20% weekly strength earlier, while memecoins cooled after early surges.

No compelling buying opportunities stand out amid consolidation, outflows, and macro caution—risk of further downside if resistance holds. Focus remains on Bitcoin’s range-bound action below $95K.

The post Crypto Weekly Snapshot – Early January 2026 Consolidation appeared first on Cryptopress.

Monero (XMR) reached a new all-time high of $595.96 on January 12, 2026, its first peak since 2018.

The rally follows capital rotation from Zcash after a governance dispute led to the development team’s departure.

Privacy coins are gaining traction amid broader market liquidity improvements, though regulatory risks persist.

Monero, the leading privacy-focused cryptocurrency, has shattered its previous price records, climbing to an all-time high of $595.96 on January 12, 2026. This milestone comes amid a resurgence in demand for privacy assets, as investors seek alternatives in a landscape increasingly scrutinized by regulators. The token’s market capitalization has now exceeded $10 billion, positioning it closer to the top 10 cryptocurrencies by market cap.

Driving Factors Behind the Surge

The primary catalyst appears to be turmoil within the Zcash ecosystem. A governance dispute prompted the entire development team at Electric Coin Company to step down, citing changes in employment terms that compromised their ability to work effectively. Josh Swihart, former CEO of Electric Coin Company, stated on X: “The terms of our employment were changed in ways that made it impossible for us to perform our duties effectively and with integrity.” This led to a nearly 20% drop in Zcash’s price, triggering capital outflows toward Monero as a more stable privacy alternative.

Over the past few weeks, it's become clear that the majority of Bootstrap board members (a 501(c)(3) nonprofit created to support Zcash by governing the Electric Coin Company), specifically Zaki Manian, Christina Garman, Alan Fairless, and Michelle Lai (ZCAM), have moved into…

— Josh Swihart (@jswihart) January 7, 2026

Analysts point to broader market dynamics, including improved liquidity post-holidays and short covering. According to CoinDesk, Monero benefited from “a renewed focus on privacy and anticipation around upcoming protocol upgrades,” despite ongoing regulatory risks. Veteran trader Peter Brandt hinted at a potential silver-like bull run for Monero, further fueling optimism.

Market Performance and Context

Over the past week, Monero rose 35%, outperforming major assets like Bitcoin (BTC) and Ethereum (ETH). Trading volume spiked to $346 million in 24 hours, with futures open interest jumping 54%. Technical indicators, such as a breakout from an ascending channel, suggest further upside, potentially targeting $626.

Monero Record High Monero reached a new all-time high price as interest in privacy coins resurgence.

— Cryptopress (@CryptoPress_ok) January 12, 2026

However, the rally isn’t without risks. High RSI levels indicate overbought conditions, and persistent regulatory pressures on privacy coins could dampen momentum. As noted in a related analysis on CryptoPress.site, early 2026 market fears linger, with privacy sectors showing promise but vulnerability to shifts.

On X, accounts like @cryptodotnews highlighted the breakthrough, noting Monero’s breach of its 2021 peak amid growing FUD around competitors.

Outlook for Investors

While Monero’s surge underscores organic demand for privacy tech, traders should monitor regulatory developments and market volatility. The sector’s growth reflects a push for “unstoppable private money,” but balanced caution is advised.

Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.

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Bank of America upgraded Coinbase to Buy with a $340 price target, implying nearly 40% upside.

Goldman Sachs raised its rating to Buy, setting a $303 target amid structural growth shifts.

Analysts emphasize Coinbase’s push into new areas like equities trading, prediction markets, and real-world asset tokenization.

Coinbase Global Inc. has garnered positive attention from major Wall Street institutions, underscoring confidence in its strategic diversification amid a recent stock pullback.

On January 8, 2026, Bank of America analyst Craig Siegenthaler upgraded the stock from Neutral to Buy, pointing to accelerated product development and opportunities in tokenization.

Goldman Sachs followed suit earlier in the week, upgrading to Buy and highlighting growth in derivatives, infrastructure, and innovative products such as tokenization and prediction markets.

The stock has declined 40% from its July 2025 highs, with rising short interest creating an attractive entry point for investors, according to analysts.

Coinbase is evolving into a broader financial services platform,

Craig Siegenthaler

Coinbase’s ambitious roadmap includes launching 24/5 equities trading for S&P 500 stocks, international equity perpetuals in 2026, and a new prediction markets tab via partnership with CFTC-regulated Kalshi.

The company plans to introduce futures on Copper and Platinum on January 26, 2026, further expanding its offerings.

Central to the optimism is Base, Coinbase’s Ethereum layer-2 network, where a potential native token could generate billions in revenue and boost adoption.

Coinbase Tokenize positions the firm as a leader in tokenizing real-world assets like private equity and real estate, combining issuance, custody, and compliance.

“Coinbase is evolving into a broader financial services platform,” Siegenthaler noted, acknowledging near-term crypto volatility but stressing long-term potential amid early adoption stages and supportive U.S. policies under President Trump.

Second COIN upgrade this week.BofA ($340 PT – new BUY): crowded short, de-rated multiple, tax-loss hangover fading with product velocity and Base monetization driving the next leg. https://t.co/7hanQv58Yo pic.twitter.com/7iclrn1y1q

— matthew sigel, recovering CFA (@matthew_sigel) January 8, 2026

VanEck’s Matthew Sigel shared the upgrades on X, noting fading tax-loss pressures and Base monetization as key drivers.

For more on key cryptocurrencies involved, refer to Bitcoin and Ethereum.

Related: Coinbase Overview

Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.

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Morgan Stanley submitted S-1 filings for spot Bitcoin and Solana Trusts on January 6, 2026.

A subsequent filing introduced a spot Ethereum Trust with staking exposure.

The moves represent the first attempt by a major U.S. bank to issue its own spot crypto ETFs.

Analysts described the filings as a ‘shocker,’ highlighting strong client demand and growing legitimacy for crypto products.

Morgan Stanley has taken a significant step deeper into cryptocurrency markets by filing with the U.S. Securities and Exchange Commission to launch spot ETFs tracking Bitcoin, Solana, and Ethereum.

The investment banking giant submitted S-1 registration statements for a Morgan Stanley Bitcoin Trust and Morgan Stanley Solana Trust on January 6, 2026. Hours later, it filed for a Morgan Stanley Ethereum Trust that includes staking rewards, according to multiple reports.

These filings mark the first time a major Wall Street bank has sought to issue its own spot cryptocurrency ETFs rather than simply offering client access to third-party products.

“Can honestly say that I am very surprised by these. Didn’t see this coming,” Bloomberg Intelligence senior ETF analyst James Seyffart said in reaction to the initial Bitcoin and Solana filings.

Other experts pointed to Morgan Stanley’s extensive wealth management network as a key advantage. The bank likely observed substantial client interest after broadening access to existing crypto ETFs in late 2025, analysts noted.

The filings arrive amid robust inflows into U.S. spot crypto ETFs and a more accommodating regulatory environment under the current administration. Spot Bitcoin ETFs alone have seen strong trading volumes since their 2024 debut, while newer products tracking other digital assets continue to attract capital.4

While SEC approval remains uncertain and the process could take months, Morgan Stanley’s entry adds further credibility to cryptocurrency investment vehicles and may encourage other traditional firms to follow suit.

The bank has steadily expanded its digital asset offerings in recent years, including plans for cryptocurrency trading on its E*TRADE platform later in 2026.

Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.

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As the CEO of one of the world’s largest asset managers, with over $1.6 trillion in assets under management, Jenny Johnson has emerged as a prominent voice bridging traditional finance (TradFi) and blockchain technology. Her recent statements, particularly from appearances at Hong Kong Fintech Week and beyond, underscore a pragmatic, institutional perspective on cryptocurrency and blockchain—not as speculative hype, but as essential tools to address longstanding inefficiencies in global finance.

Who is Jenny Johnson?

Jenny Johnson is the President and Chief Executive Officer of Franklin Templeton (Franklin Resources, Inc.), a position she has held since February 2020. With a career spanning more than 35 years at the firm, she has led its transformation into a global powerhouse across public and private asset classes. Johnson has driven innovation in digital assets, including the launch of tokenized money market funds on public blockchains as early as 2021. Under her leadership, Franklin Templeton has pioneered products like the Benji platform and collaborated on groundbreaking initiatives, such as partnering with the State of Wyoming to launch the nation’s first state-issued stable token, $FRNT (Frontier Stable Token), in early 2026.

She does not appear to maintain a personal official X (Twitter) account. Her statements are primarily shared through Franklin Templeton’s official channels, including @FTI_US (for US investors) and @FTI_Global (for non-US investors), as well as the digital assets-focused @FTDA_US.

“Water runs down the hill. This thing is coming. Blockchain technology is coming to replace the rails of financial services.”

Jenny Johnson

Blockchain’s Core Advantages Over Traditional Finance

At Hong Kong Fintech Week (late 2025), Jenny Johnson delivered a clear-eyed assessment of blockchain’s value proposition. As highlighted in widely shared coverage, she explained that blockchain excels in three areas where traditional finance falls short:

It creates an immutable source of truth — providing a tamper-proof, unified record that eliminates reconciliation issues across siloed systems.

It executes contracts automatically — through smart contracts that pre-program and auto-execute business logic, such as collateral management.

It settles payments instantly — enabling atomic settlement, where execution and payment occur simultaneously.

“If you can do atomic settlement — instant execution + payment — you don’t need layers of intermediaries anymore,” she emphasized. This reduction in middlemen slashes friction, costs, and counterparty risk in global transactions.

This isn’t about chasing crypto trends; it’s about practical modernization. Johnson has consistently framed blockchain as inevitable infrastructure. In a recent outlook shared via Franklin Templeton channels, she stated: “Water runs down the hill. This thing is coming. Blockchain technology is coming to replace the rails of financial services.”

A related recent post from Franklin Templeton’s official digital assets account (@FTDA_US) on January 2, 2026, captured her key points from the event:

“What does blockchain do well? @FTI_Global CEO Jenny Johnson highlights 3 three key things at @HongKongFinTech week: Ownership rights Programmable smart contracts Payments #HKFTWxSMUF2025 #HKFTW25”

This post (widely circulated in the crypto community) reinforces her focus on utility over speculation.

What does blockchain do well?@FTI_Global CEO Jenny Johnson highlights 3 three key things at @HongKongFinTech week: Ownership rights Programmable smart contracts Payments#HKFTWxSMUF2025 #HKFTW25 #HKFTWxSMUF @YvonneManTV pic.twitter.com/0iVcVSgmer

— Franklin Templeton Digital Assets (@FTDA_US) January 2, 2026

Institutional Momentum and Real-World Impact

Franklin Templeton’s actions back Johnson’s words. The firm has expanded its tokenized offerings, including integrating stablecoins for seamless on-chain/off-chain conversions and partnering with platforms like Binance to reach millions of digital wallets. In 2026, collaborations such as the Wyoming stable token launch highlight her vision of “compliant, trusted frameworks for digital assets” — blending public-sector oversight with institutional expertise.

Johnson has also expressed enthusiasm for blockchain’s potential to drive inclusion, noting in a 2026 outlook: “In 2026, we will start to see more creative vehicles that increase access to financial opportunities… Blockchain and digital wallets can play a big role in that.”

Why This Matters for the Crypto World

In an era where AI dominates headlines, Johnson reminds us that blockchain’s quiet revolution — tokenization of real-world assets (RWAs), 24/7 markets, and reduced intermediaries — could fundamentally reshape finance. As she put it in another recent comment: “I’m very fired up about the opportunity. AI gets a lot of coverage, but blockchain doesn’t.”

For investors and institutions, these statements from a $1.6T giant signal maturity: blockchain is transitioning from fringe to foundational infrastructure. As Johnson continues to lead Franklin Templeton’s digital push, her pragmatic advocacy may accelerate broader adoption in 2026 and beyond. Stay tuned — the rails of finance are indeed shifting.

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Truebit exploit drains $26.6 million in ETH: An attacker exploited a flaw in a five-year-old smart contract to mint and sell TRU tokens, extracting funds from reserves.

TRU token value obliterated: The native token fell from approximately $0.16 to near zero, losing 99.9% of its value amid liquidity evaporation.

Protocol response underway: Truebit is coordinating with law enforcement and has warned users against interacting with the affected contract.

The Truebit protocol, designed for scalable Ethereum verification and off-chain computation, has been compromised in what appears to be the first major DeFi hack of 2026. An attacker exploited a vulnerability in an older smart contract, draining approximately 8,535 Ethereum (ETH) valued at $26.6 million. This incident underscores ongoing security challenges in decentralized finance, particularly with legacy code.

The exploit targeted a minting function in the contract at address 0x764C64b2A09b09Acb100B80d8c505Aa6a0302EF2, which returned a zero purchase price for extraordinarily large token amounts. This allowed the hacker to mint vast quantities of TRU tokens essentially for free, then sell them back to the bonding-curve reserve to extract ETH, repeating the process in loops. Onchain analysts, including Lookonchain and independent researcher “n0b0dy,” detailed the mechanism, noting the attacker used a bribe to prioritize transactions.

Following the breach, Truebit’s native token TRU plummeted 99.9%, dropping from around $0.16 to an all-time low of $0.0000000029, according to data from Nansen. Liquidity pools dried up as holders exited positions, effectively wiping out the token’s market value. The protocol has not confirmed if user funds beyond reserves were affected, but the event raises questions about audit practices for aging contracts.

Today, we became aware of a security incident involving one or more malicious actors. The affected smart contract is 0x764C64b2A09b09Acb100B80d8c505Aa6a0302EF2 and we strongly advise the public not to interact with this contract until further notice. We are in contact with law…

— Truebit (@Truebitprotocol) January 8, 2026

In a statement on X, Truebit acknowledged the incident: “Today, we became aware of a security incident involving one or more malicious actors. The affected smart contract is 0x764C64b2A09b09Acb100B80d8c505Aa6a0302EF2, and we strongly advise the public not to interact with this contract until further notice. We are in contact with law enforcement…” The team has yet to release a full post-mortem, but emphasized steps to mitigate further risks.

Security experts warn that such vulnerabilities highlight the need for continuous contract monitoring. Weilin Li, a researcher cited in reports, attributed the flaw to outdated deployment practices. While DeFi has matured, incidents like this could erode investor confidence, especially amid broader market pressures from ETF outflows and macroeconomic shifts.

For context, onchain data from the exploit can be viewed via the attacker’s wallet and related transactions. Verified X accounts like @Truebitprotocol provide official updates.

Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.

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ECC team fully resigns: Entire Electric Coin Company staff, Zcash’s main developer, quit January 7 after governance dispute with Bootstrap nonprofit board.

ZEC price tanks: Token fell more than 15% to below $400, losing top privacy coin spot to Monero’s XMR; down 8-19% in 24 hours.

New company forms: Developers to launch new entity committed to Zcash mission of ‘unstoppable private money,’ protocol unaffected.

Dispute roots: Clashes over Zashi wallet privatization, nonprofit constraints; CEO cites ‘constructive discharge’ and misalignment.

Mixed outlook: Despite chaos, some bulls see continuity; ZEC up over 700% YTD amid broader privacy surge.

The Electric Coin Company (ECC), primary developer of the privacy-focused blockchain Zcash, saw its entire team resign on January 7 following irreconcilable differences with its governing nonprofit board at Bootstrap.

CEO Josh Swihart announced the departure on X, describing it as a “constructive discharge” where employment terms were altered to make work “impossible … effectively and with integrity.” He accused board members Zaki Manian, Christina Garman, Alan Fairless, and Michelle Lai of “clear misalignment with the mission of Zcash” and “malicious governance actions.” The Block reported the news first among priority outlets, noting the clash stemmed from proposals to privatize the Zashi mobile wallet amid nonprofit legal limits on outside investment.

Bootstrap, a 501(c)(3) entity formed to steward Zcash, countered that discussions on external funding for Zashi required safeguards to prevent private asset capture, citing risks like lawsuits seen in OpenAI’s restructuring. “A restructuring done in a way that invites scrutiny … would damage that credibility,” the board stated, per Decrypt.

The fallout triggered immediate market reaction. Zcash’s ZEC token plunged over 15% to below $400 intraday January 8, trading around $430-$456 later with 8-19% 24-hour losses across reports from The Block’s Daily and CoinDesk. Monero (XMR) overtook ZEC as the top privacy coin by market cap, rising to $8.4 billion versus ZEC’s $7 billion, though ZEC remains up more than 700% over the past year following a surge to over $10 billion market cap in November.

Despite the shock, the Zcash protocol remains operational and decentralized, with upgrades like shielded transactions and Tachyon unaffected as governance requires community approval. Swihart emphasized: “Importantly, the Zcash protocol is unaffected.” The team plans a new company to pursue “building unstoppable private money,” potentially funded via Bootstrap grants.

Bullish voices emerged amid panic. Zcash founder Zooko Wilcox tweeted users can “safely continue to use Zcash,” praising board integrity. Helius CEO Mert Mumtaz added: “Zcash ‘did not lose anything’ … now unburdened by politics.” Yet risks persist, including development continuity and potential sabotage fears noted in X discussions, alongside strained relations that could indirectly slow progress. Bitcoin.com News highlighted extended weekly declines tied to leadership voids post a December 1 reorganization.

For investors, the event underscores governance vulnerabilities in privacy coins. While the core team persists, execution uncertainty applies a “policy risk discount,” as Wave Digital Assets’ Rajiv Sawhney noted. ZEC’s 2025 gains from liquidity and shielded UX improvements may buffer, but traders eye support at $400 amid broader market dips with BTC below $90,000.

Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.

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Sending money from Argentina to Japan with the traditional system it might take days, involve multiple banks, hidden fees, and currency exchanges that eat into the amount. What if you could make that same transfer settling in seconds, at a fraction of a cent, with full transparency. This isn’t science fiction—it’s the reality that XRP enables today on the XRP Ledger (XRPL).

XRP, the native cryptocurrency of the XRPL, was designed from the ground up to solve the inefficiencies of global payments. While many cryptocurrencies focus on speculation or niche uses, XRP stands out for its practical, enterprise-grade utility in bridging currencies worldwide.

We’ll explore now what XRP is truly used for, how it works under the hood, the growing ecosystem of applications built on the XRPL, real-world implementations, challenges, and what the future holds as of early 2026.

Ledger Structure What Is XRP, and How Does the XRP Ledger Work?

The XRP Ledger launched in 2012 as one of the earliest blockchains, predating Ethereum. Created by Jed McCaleb, Arthur Britto, and David Schwartz (with Ripple Labs later becoming a major contributor), the XRPL is a decentralized, open-source layer-1 blockchain optimized for speed and efficiency.

Unlike Bitcoin’s Proof-of-Work or Ethereum’s shift to Proof-of-Stake, the XRPL uses a unique consensus protocol where trusted validators agree on transaction order every 3-5 seconds. This enables:

Thousands of transactions per second

Costs of fractions of a penny

Final settlement without energy-intensive mining

XRP is the native asset, pre-mined with a total supply of 100 billion tokens (about 55 billion in circulation as of 2026, with the rest in escrow or held by Ripple).

Its primary roles:

Transaction fees — A tiny amount of XRP is burned per transaction to prevent spam.

Bridge asset — For seamless currency exchanges on the built-in decentralized exchange (DEX).

webopedia.com Primary Use Case: Cross-Border Payments and On-Demand Liquidity

XRP’s flagship application is facilitating cross-border payments. Traditional systems like SWIFT rely on correspondent banks, pre-funded accounts (nostro/vostro), and slow settlement—often taking 2-5 days with fees up to 7%.

Ripple’s solution, Ripple Payments (formerly RippleNet), uses XRP through On-Demand Liquidity (ODL)—now integrated into broader payment flows.

Here’s how ODL works step-by-step:

A sender initiates a payment in their local currency (e.g., USD).

The originating financial institution converts the amount to XRP.

XRP transfers instantly across the XRPL to the recipient’s side.

The receiving institution converts XRP back to the destination currency (e.g., JPY) and pays out.

This eliminates pre-funding trapped capital, reduces FX risk, and enables 24/7 settlement.

nftevening.com

In 2026, Ripple reports significant volume through these rails, with partnerships expanding in regions like Asia-Pacific, Latin America, and Europe. Institutions like Santander and SBI Holdings have integrated it for remittances and treasury flows.

leantech.sg The Growing XRP Ledger Ecosystem: Beyond Payments

While payments remain dominant, the XRPL has evolved into a robust ecosystem with native features that attract developers and users.

Key built-in functionalities:

Decentralized Exchange (DEX) → Includes a traditional order book and, since 2024, Automated Market Makers (AMMs) for liquidity pools.

Tokenization → Easy issuance of custom tokens, including stablecoins and real-world assets (RWAs).

Hooks → Lightweight smart contract-like functionality for custom logic.

Main Applications and dApps in the XRPL Ecosystem (2026)

The ecosystem has grown substantially, with focus on DeFi, NFTs, and tokenization. Here are some of the leading projects and apps:

Sologenic — A comprehensive DEX platform supporting tokenized stocks, commodities, and crypto trading. It leverages XRPL’s AMM for swaps and liquidity provision.

xrp.cafe — Leading NFT marketplace on XRPL, enabling creation, buying, and selling of digital collectibles with low fees.

XPMarket — DeFi hub offering AMM pools, farming, and analytics for XRPL assets.

Magnetic X / First Ledger — Emerging DeFi protocols for lending, borrowing, and yield opportunities.

Ripple’s RLUSD — Ripple-issued USD stablecoin on XRPL, boosting liquidity for payments and DeFi.

learn.xrpl.org

Other notable developments:

Lending protocols (e.g., upcoming native lending via amendments).

Tokenized RWAs, including stablecoins from various issuers.

Gaming and micropayments using payment channels.

Data from platforms like DappRadar shows XRPL ranking among top ecosystems for activity in payments and tokenization.

Category Top Apps/Projects Key Features DEX & DeFi Sologenic, XPMarket, Magnetic X AMM pools, trading, liquidity provision NFTs xrp.cafe Minting, marketplace Payments Ripple Payments (ODL) Cross-border with XRP bridging Stablecoins/RWAs RLUSD, various issuers Tokenization of fiat and assets

Challenges and Risks

Despite strengths, XRP faces hurdles:

Centralization perception → Ripple holds a large portion of XRP supply, though escrow releases are predictable.

Regulatory history → The SEC lawsuit resolved in Ripple’s favor (XRP not a security for secondary sales), providing clarity in the US and elsewhere.

Competition → From stablecoin networks like USDT/USDC on Ethereum or Swift’s own blockchain experiments.

Adoption pace → While growing, full replacement of legacy systems takes time.

Volatility remains a risk for holders, though utility demand (e.g., from transaction volume) provides a floor.

Future Outlook

As of January 2026, momentum is strong: XRP spot ETFs have launched with billions in inflows, RLUSD enhances stability, and upgrades focus on privacy, programmability, and DeFi scalability.

The XRPL’s energy efficiency and speed position it well for institutional adoption, especially in emerging markets with high remittance needs—like parts of Latin America facing inflation.

Forward-looking, expect deeper integration with central bank digital currencies (CBDCs), more RWA tokenization, and expanded DeFi tools.

Conclusion: Why XRP Matters in the Crypto Landscape

XRP isn’t about moonshots—it’s about reliable, real-world financial infrastructure. By serving as a neutral bridge asset on a battle-tested ledger, it addresses one of blockchain’s most valuable use cases: moving value across borders efficiently.

Whether you’re a beginner exploring crypto utility or an intermediate user diving into ecosystems, understanding XRP highlights how blockchain can complement—and sometimes improve—traditional finance.

Practical next steps:

Explore the XRPL via wallets like Xaman.

Track real-time activity on xrpl.org or explorers.

Consider utility-driven holdings over pure speculation.

Subscribe to Cryptopress.site for more evergreen deep dives into blockchain fundamentals, from payments to tokenization.

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U.S. spot Bitcoin ETFs experienced net outflows between $243 million and $486 million on January 7, 2026, ending a brief inflow streak.

Bitcoin’s price dropped below $90,000 on January 8, reflecting a 2% decline over 24 hours amid broader market caution.

Analysts attribute the moves to portfolio rebalancing and normalization, not a fundamental shift in institutional interest.

Bitcoin’s early 2026 rally has hit a speed bump, with the cryptocurrency dipping below the key $90,000 level on January 8 amid significant outflows from U.S. spot ETFs. This pullback comes after a strong start to the year, highlighting the volatile nature of crypto markets influenced by macroeconomic factors and investor sentiment.

The outflows, reported on January 7, varied across sources but underscored a shift from the inflows seen earlier in the week. Fidelity’s FBTC and Grayscale’s GBTC led the redemptions, with BlackRock’s IBIT providing some counterbalance through inflows. The BTC ETFs net outflows exceeded $486 million, marking the second consecutive day of losses for Bitcoin ETFs in 2026.

Bitcoin Flash Crash Bitcoin briefly crashed below $90,000, liquidating nearly $130 million in long positions due to ETF outflows and low liquidity.

— Cryptopress (@CryptoPress_ok) January 8, 2026

Other reports pegged the figure lower at $243 million, primarily driven by exits from major funds. This discrepancy may stem from differing data aggregation methods, but the trend points to profit-taking and rebalancing by institutional investors. Ethereum ETFs also saw outflows of around $98 million, while Solana showed modest inflows, suggesting selective rotation within the sector.

Bitcoin traded at approximately $89,715 on January 8, down from a weekly high above $94,000. Ethereum similarly eased, reflecting broader market dynamics tied to expectations around Federal Reserve rate decisions and global bond rallies.

Analysts remain cautiously optimistic. Sergey Kravtsov, co-founder and CEO of Papaya Finance, noted in a statement: “The recent ETF outflows look temporary rather than structural… What we’re seeing is tactical repositioning driven by short-term price action.” This view echoes sentiments from other experts, who see the moves as normalization after strong early-year inflows totaling over $1 billion.

Ether ETF Inflows Ether ETFs extended their three-day inflow streak while Bitcoin ETFs saw $243 million in outflows.

— Cryptopress (@CryptoPress_ok) January 8, 2026

Despite the dip, institutional interest in crypto persists, with recent filings and allocations indicating long-term commitment. However, risks remain, including regulatory uncertainties and macroeconomic pressures that could exacerbate volatility. Investors are advised to monitor upcoming economic data, such as non-farm payrolls, which may influence future flows.

The broader context shows Bitcoin’s volatility declining relative to assets like gold, potentially signaling maturing markets but also capping upside potential in the near term. As Mike McGlone of Bloomberg Intelligence observed: “Declining Bitcoin volatility — particularly versus gold and beta — suggests the best performance days for cryptoassets are past us.”

Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.

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Dogecoin up over 20% in the past week, trading around $0.15 amid high volume.

PEPE surges 60-65%, leading gains among top meme tokens.

Meme coin market cap climbs to $47 billion, up 30% since late December 2025.

Shiba Inu and BONK post double-digit increases as risk appetite returns.

Trading volumes spike, signaling potential ‘meme season’ revival.

Meme coins have kicked off 2026 with significant momentum, outperforming the broader cryptocurrency market as traders rotate into higher-risk assets following the holiday lull.

Dogecoin (DOGE), the original meme cryptocurrency, has risen more than 20% over the past week, supported by strong trading volumes and whale accumulation exceeding 220 million tokens in recent days. Analysts note a short-term golden cross on DOGE charts, indicating potential for further upside if key support levels hold.

PEPE, the frog-themed token, has been the standout performer, surging approximately 65% in the same period amid breakout momentum on technical charts. This rally has pushed its market cap higher, contributing to broader sector gains.

The total meme coin market capitalization has expanded from around $38 billion at the end of December 2025 to over $47 billion as of early January 2026, representing a roughly 23-30% increase depending on measurement windows. This growth has been accompanied by elevated trading volumes, with platforms like Pump.fun on Solana recording record activity.

Other notable performers include Shiba Inu (SHIB), up nearly 20%, and Solana-based tokens like BONK, which gained over 50%. Community sentiment on platforms like X reflects optimism, with discussions around a returning “meme season” as liquidity improves post-holidays.

“A lot of these bursts are self-reinforcing in the short run, but fragile,” noted one CoinDesk analysis, highlighting that while leverage amplifies upside, crowded positioning can lead to rapid unwinds if Bitcoin falters or spot demand weakens.

Retail interest appears to be driving the move, with Google Trends data showing rising searches for “meme coin” since January 1 and on-chain metrics indicating reduced fear after late-2025 uncertainty. However, the sector remains highly speculative, with historical patterns showing sharp reversals following intense rallies.

Broader market factors, including fading tax-loss harvesting and early-year ETF inflows, have supported risk-on sentiment, though meme coins have outpaced majors like Bitcoin, which gained around 5% over similar periods.

Traders should monitor Bitcoin’s stability and volume sustainability, as meme coin performance often acts as a barometer for overall crypto risk appetite.

Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.

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