Crypto News

Uniswap Integrates with OKX’s X Layer, Bolstering DeFi Initiatives

In a strategic move to enhance its decentralized finance (DeFi) offerings, OKX has integrated Uniswap into its X Layer, a layer-2 blockchain developed by the exchange. This collaboration establishes Uniswap as the primary decentralized exchange on the X Layer network, reflecting OKX's drive to deepen its involvement in the DeFi space. By incorporating Uniswap, X Layer users gain direct access to a wide range of crypto token pairs and liquidity pools, benefiting from cost-effective, layer-2 transaction fees. Notably, Uniswap Labs imposes no additional fees for these transactions. X Layer, launched in 2024, is designed to be compatible with the Ethereum Virtual Machine and serves as a pivotal infrastructure component for OKX's DeFi applications. The network seamlessly integrates with OKX's existing wallet and exchange services, enabling users to transfer assets efficiently into the layer-2 ecosystem. Uniswap, renowned as one of the largest decentralized exchanges, currently holds approximately $4.4 billion in total value locked, as reported by DefiLlama. Hayden Adams, the founder of Uniswap Labs, highlighted that this integration is set to boost Uniswap’s activity and liquidity significantly. According to Star Xu, founder and CEO of OKX, this integration is a fundamental element of the company's second phase in a broader three-phase rollout plan. This phase emphasizes the integration of key DeFi protocols and the strengthening of core infrastructure. The pursuit of linking onchain activity with centralized user bases is becoming increasingly popular among exchanges. For instance, in early 2023, Coinbase introduced Base, its own Ethereum layer-2 blockchain. Designed to offer developers a cost-effective and secure environment for decentralized application development, Base quickly gained traction among decentralized exchange traders. By early 2024, it had surpassed other networks like Ethereum and Arbitrum, capturing around 80% of Uniswap’s monthly active traders, as per Token Terminal data. Similarly, in September 2025, Gate.io launched Gate Layer, a layer-2 network built on the OP Stack and secured by GateChain. This move was part of Gate.io’s strategy to establish a solid foundation for its DeFi ecosystem, focusing on onchain trading and liquidity solutions as part of its Web3 ambitions. As the DeFi landscape continues to evolve, these developments underscore the growing trend of exchanges fortifying their presence in the decentralized finance sector through innovative layer-2 solutions.

January 16, 2026

Bitcoin Faces Setback at $97K Amid Stalled Funding and Cautious Retail Traders

Bitcoin's recent surge stumbled at the $97,000 mark as the funding rate showed little movement, and retail investors largely remained on the sidelines. The question now is whether traditional finance can revive Bitcoin's push towards the $100,000 milestone. Despite Bitcoin's recovery, retail traders have not jumped back into the fray, pointing to weak investor confidence, as per the subdued funding rates and minimal interest. While institutional investors are once again buying Bitcoin spot ETFs and companies are bolstering their Bitcoin reserves, this could potentially propel Bitcoin back to $100,000. On Thursday, Bitcoin's price steadied around $95,500 following an 8% rally over three days, which led to the liquidation of $465 million in short Bitcoin futures positions. Yet, the pullback from its peak of $97,900 might have dampened investor enthusiasm further. The annualized funding rate for Bitcoin perpetual futures was recorded at 4% on Thursday, reflecting a tepid demand for bullish bets. Typically, in neutral market conditions, this rate fluctuates between 8% and 12% to cover capital costs. Retail traders favor these derivatives because their pricing closely mirrors the spot market, unlike the monthly BTC contracts available on CME. Even as the tech-heavy Nasdaq index edged within 1.6% of its all-time high, buoyed by TSMC's 35% quarterly earnings growth, Bitcoin remains 25% shy of its peak valuation of $126,219. Significantly, overall interest in the cryptocurrency sphere is waning. Google Trends data illustrates that global search queries for 'crypto' stand at 27 on a scale from 0 to 100, nearing the 12-month low of 22. Retail investors often chase recent high performers, as seen with silver's 28% price jump over two weeks. Although Bitcoin is often compared to precious metals, crypto traders are typically more focused on short-term gains. Some of the skepticism among Bitcoin traders is fueled by socio-political uncertainties and worries about the US Federal Reserve's independence. The US Justice Department is investigating cost overruns in the Federal Reserve's building renovation, sparking concerns about potential political pressure to lower interest rates. With Fed Chair Jerome Powell's term ending in April, traders are bracing for more robust economic stimulus in the latter half of 2026. Bitcoin has yet to establish itself as a dependable hedge during economic instability. Consequently, even with gains in equities and precious metals, retail traders fear that cryptocurrencies might suffer the most in a downturn. Further escalating tensions, former President Trump has threatened retaliatory measures against Iran for its harsh crackdown on anti-government protests. Iran, a significant oil producer, also controls a key global chokepoint for oil tankers, adding to the geopolitical uncertainty after a US military operation captured then-Venezuelan leader Nicolas Maduro on January 3. Despite the muted interest from retail investors, the Bitcoin spot ETF market remains robust, with assets surpassing $120 billion. Public companies continue to emulate the strategy of Michael Saylor's firm by purchasing over $105 billion in Bitcoin. Institutional demand, which gained momentum through 2025, might eventually drive a sustained bullish trend towards $100,000.

Ethereum Eyes $4,100: Key Factors That Could Influence the Next Move

Ethereum's current trading momentum near $3,300 might set the stage for a potential surge to $4,100, but this outcome hinges on specific market conditions. While ETH futures trends indicate a possible 10% to 25% price increase, analysts caution that a short-term correction might precede this rally. A critical aspect of this analysis is the Ether Leverage Ratio, which currently hovers around 0.60. Historically, such levels have often been followed by notable rallies after minor pullbacks due to overleveraged positions being liquidated. Crypto analyst Pelin Ay has pointed out a pattern where rapid increases in the Leverage Ratio on platforms like Binance lead to temporary drops, which subsequently trigger strong upward movements. This phenomenon was observed multiple times in 2025, with significant occurrences in February, April, September, and November. Despite recent price gains, the leverage is not declining, indicating a sustained appetite for risk. This persistence suggests that a brief market dip could set the stage for a substantial upswing, potentially boosting Ether beyond $4,100. Furthermore, Glassnode analyst Sean Rose notes a divergence in ETH holder behavior. Although Ether has recently outperformed Bitcoin, the spent-output profit ratio (SOPR) remains below 1. This suggests that, on the whole, ETH holders are experiencing more losses than gains, reflecting weaker market conviction compared to Bitcoin investors. On the technical front, Ether recently hit its highest daily close since November 2025 at $3,324. A 25% rally from this point would break the $4,100 mark, but the likelihood of a slight dip is significant. Ether's daily chart shows an order block between $3,050 and $3,170, corresponding to the point of control on the Visible Range Volume Profile (VRVP). This area, marked by high trading volumes since September 2025, might act as a magnet for prices seeking fair value. Supporting this analysis, Hyblock Capital data highlights a net long position concentration of over $500 million between $3,040 and $3,100. Such dense positioning increases the chance of a short-term price sweep into this range, potentially paving the way for a robust continuation of the upward trend. In conclusion, while Ethereum's journey to $4,100 seems plausible, it will likely be punctuated by short-term volatility as the market adjusts to leverage dynamics and investor sentiment. As always, traders should conduct thorough research and consider potential risks before making investment decisions.

West Virginia Senator Proposes Bill Allowing State Investments in Bitcoin and Stablecoins

West Virginia State Senator Chris Rose has introduced a new piece of legislation aimed at expanding the state's investment portfolio to include digital assets and precious metals. This legislative proposal seeks to amend the existing state code, permitting the state treasury to allocate up to 10% of its investments in assets such as Bitcoin and stablecoins. The bill, officially titled the Inflation Protection Act, was presented to the West Virginia legislature and outlines the conditions under which the state's Board of Treasury could diversify its investments. Specifically, it would allow for investments in precious metals and digital assets with a market capitalization exceeding $750 billion from the prior year. As of January, Bitcoin is the sole cryptocurrency meeting this threshold. According to the bill, digital assets procured by the state treasury could be managed via a qualified custodian, an exchange-traded product, or a secure custody solution, ensuring the state's holdings are safely maintained. Furthermore, any stablecoins acquired must have regulatory approval from either the US federal government or individual state authorities. This legislative move is part of a broader trend across several U.S. states considering the inclusion of cryptocurrencies in their investment strategies. While various states have proposed similar legislation since 2025, only Texas, Arizona, and New Hampshire have successfully enacted laws enabling state-level crypto reserves. As of this week, the future of Rose’s proposal remains uncertain, as it has been forwarded to the Committee on Banking and Insurance for further consideration. Meanwhile, on a national level, the US Senate has delayed progress on the CLARITY Act, a bill designed to establish a comprehensive digital asset market structure. This federal proposal has attracted criticism from industry stakeholders, particularly concerning its provisions affecting decentralized finance and stablecoin rewards. The outcome of these legislative efforts, both in West Virginia and on a national scale, could significantly influence the regulatory landscape for digital assets in the United States.

NiceHash Explains Misunderstood Bitcoin Blocks and Dispels 'Lottery' Myth

Recent buzz in the cryptocurrency community was sparked by Bitcoin blocks 932129 and 932167, which appeared without a pool tag, leading to speculation about a solo miner's potential windfall. However, NiceHash clarified that these blocks were part of internal testing, highlighting the complexities of on-chain attribution. This episode unfolded as the blocks seemed untagged on mempool explorers, prompting assumptions of solo mining. In reality, NiceHash, a platform linking miners with computing power buyers, was responsible for these blocks. They were mined as part of testing for an upcoming product, according to NiceHash CEO Sasa Coh. Coh addressed the misunderstanding, noting that the issue lay in how block metadata was presented, not in concealing attribution. He emphasized that the blocks were correctly labeled as 'NiceHashMining,' and no speculation was intended. Although Coh refrained from revealing specifics about the new product, he indicated it would enhance their existing marketplace with comprehensive features. The incident underscores the reliance on assumptions in Bitcoin mining narratives, which can overshadow verifiable on-chain signals. The misinterpretation led to renewed interest in the concept of solo mining, where individual miners work independently instead of joining pools. While rare, successful solo mining can lead to full block rewards, though it remains unpredictable due to mining's probabilistic nature. Coh remarked on the enjoyment and potential of solo mining, citing NiceHash's role in numerous solo-mined blocks in 2025. However, he acknowledged that institutional miners, who manage large infrastructures, cannot depend on luck. These operations focus on reducing variance and ensuring consistent revenue, especially as profit margins tighten with each Bitcoin halving. As institutional mining evolves, companies are exploring diversification into fields like artificial intelligence and high-performance computing, driven by the need for stable revenue streams. This shift reflects broader trends in the industry, including increasing environmental considerations as Bitcoin's energy sources become greener.

Coinbase CEO Anticipates Market Structure Bill Revision Soon

Coinbase CEO Brian Armstrong has recently voiced his anticipation for a revision of a cryptocurrency market structure bill, currently under the US Senate's consideration, within the coming weeks. This comes shortly after Armstrong announced that Coinbase would not support the existing version of the legislation. In a CNBC interview conducted at the US Capitol, Armstrong elaborated on his company's stance. Following a social media post on Wednesday, he revealed Coinbase's withdrawal of support for the CLARITY Act. This legislative proposal aims to shape the digital asset market's framework. The US Senate Banking Committee had planned a markup session for the bill on Thursday, but it was postponed after Armstrong's announcement. Armstrong explained, "We developed this concern that if [the bill] went into a markup, the only way to edit some of that base text would have been through an amendment, and amendments had already been submitted." He emphasized the potential negative impact on American consumers if the bill proceeded with unresolved issues. "I think we've got a chance to do a new draft, and hopefully get into a markup in a few weeks," he added. Initially, Republican leaders in the US House of Representatives and Senate anticipated finalizing the CLARITY Act by 2026. However, the bill has faced criticism from various industry leaders, financial institutions, and experts, particularly regarding its provisions on decentralized finance, stablecoin interest, and regulatory authority distribution between the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Cody Carbone, CEO of The Digital Chamber, a crypto advocacy group, stressed the urgency of advancing the CLARITY Act. He told Cointelegraph, "Inaction is unacceptable. We cannot afford to walk away from the table at a moment when clarity is within reach. Market structure must move forward, and the only path to longstanding policy is getting back to the negotiating table and finishing the job." Senator Tim Scott, chair of the Banking Committee, described the markup delay as a "brief pause" and assured that bipartisan discussions were ongoing. The Senate is scheduled for a state work period next week, potentially delaying any markup to late January. Meanwhile, the Senate Agriculture Committee, which is also working on a version of the market structure bill, plans to release its draft legislation on January 21, with a markup hearing slated for January 27. As of now, Committee Chair John Boozman has not indicated any changes to this schedule.

Bank of America Chief Foresees Stablecoin Threat to Trillions in US Bank Deposits

Bank of America's CEO, Brian Moynihan, recently highlighted a potential challenge to the US banking sector from interest-bearing stablecoins. During an earnings call, Moynihan referred to studies from the Treasury Department, suggesting that these stablecoins could entice up to $6 trillion away from traditional banks. Moynihan warned that the migration of such a large volume of deposits would significantly impact banks' lending capabilities, particularly affecting small and mid-sized businesses that heavily depend on bank loans. He likened interest-bearing stablecoins to money market mutual funds, as they would hold reserves in cash, central bank reserves, or short-term Treasurys rather than being used for lending purposes. This discussion arises amidst a backdrop of stalled legislative progress on cryptocurrency regulations in the United States. Recently, the US Senate Banking Committee delayed the markup of a crypto market structure bill, initially set for Thursday, to allow for further bipartisan discussions. A major point of contention in Congress is whether stablecoin issuers or associated entities should be allowed to provide yield on their tokens. Banking organizations argue that yield-bearing stablecoin products resemble unregulated investment offerings and advocate for closing regulatory loopholes. In a letter dated January 7 from the Community Bankers Council to lawmakers, the council echoed Moynihan's concerns, cautioning that up to $6.6 trillion in bank deposits could be jeopardized without proper restrictions. They emphasized the potential harm to community lending sectors, including small businesses and farmers, should substantial funds shift away from bank lending. The debate over the CLARITY Act, which aims to solidify the regulatory framework for digital assets, continues. While the House of Representatives has passed the bill, it awaits consideration in the Senate. Coinbase CEO Brian Armstrong recently criticized the current draft, arguing it could stifle competition by eliminating rewards on stablecoins. Conversely, Chris Dixon of a16z Crypto expressed a more positive outlook, suggesting that although the bill is not perfect, it is an essential step for the US to maintain its leadership in crypto innovation. These developments reflect the ongoing discussions and negotiations as regulators, banks, and the crypto industry seek to balance innovation with stability in the financial system.

Bitcoin Whales Boost Holdings by 21% Amidst Quickest Sell-Off Since 2023

Bitcoin's largest holders, often referred to as 'whales,' have significantly increased their holdings, marking a notable reaccumulation phase following a rapid sell-off earlier this year. This uptick coincides with renewed interest in spot Bitcoin ETFs, leading to speculation about whether $100,000 could soon become a robust support level. Recent data reveals that whale addresses have added 46,000 BTC over the past week, turning the net change over a one-year period positive for the first time since the last quarter of 2025. In contrast, mid-sized holders, known as 'dolphins,' continue to reduce their exposure, with their holdings declining to 589,000 BTC, marking an ongoing decrease in market demand. According to CryptoQuant's findings, the holdings of whales—addresses with 1,000 to 10,000 BTC—experienced a considerable decline of 220,000 BTC when compared to the previous year. This drop followed a peak accumulation of 400,000 BTC in December 2024, representing the steepest negative shift since early 2023. However, in a recent shift, these whale addresses have seen a 21% increase, with net holdings showing positive growth for the first time since November 2025. Although the rebound is relatively modest, its timing is significant as it follows the fastest distribution phase of the current cycle. The 'dolphin' category, which includes entities like ETFs and corporate treasuries holding between 100 and 1,000 BTC, is witnessing a less favorable outlook. Their one-year net change reached a peak of 972,000 BTC on October 4, 2025, but has since dropped to 589,000 BTC. This marks a 38% decrease from the peak, highlighting a clear reduction in demand. During this bull market, whale and dolphin accumulation patterns have been notably misaligned. In June 2024, the one-year net increase for whale holdings hit a high of 260,000 BTC, while dolphin balances were relatively low at 11,000 BTC. Subsequently, dolphin holdings surged to 970,000 BTC by October 2025, only to face a steep decline. While dolphin activity has had a more immediate impact on Bitcoin's price due to the volume involved, historical trends suggest that whale accumulation often triggers significant upward movements. This recent increase in whale holdings might serve as an early indicator of structural changes rather than a short-term price trigger.

Senator Lummis Anticipates Delay in Crypto Market Legislation: Bloomberg Report

Senator Cynthia Lummis has indicated that the US Senate Banking Committee might postpone its hearing on the crypto market structure legislation, as reported by Bloomberg. The delay comes after Coinbase retracted its support for the bill, citing disagreements over certain provisions. The CLARITY Act, which has been a subject of intense discussions, is facing hurdles due to differing views between banking and crypto stakeholders, especially on DeFi and stablecoin reward provisions. This discord is threatening to stall the bill's progress. On Wednesday, Bloomberg's Steven Dennis shared on social media that Senator Lummis suggested the markup be postponed. Although the final decision rests with Banking Chair Tim Scott, Lummis has recommended a temporary halt. The markup was initially set for Thursday at 10:00 am Eastern Time. Attempts to contact Scott's office for a statement on the matter have not yet been successful. The withdrawal of support by Coinbase is a significant setback. Coinbase's CEO, Brian Armstrong, criticized the current draft of the bill, highlighting issues such as the elimination of stablecoin rewards, restrictions on tokenized stocks, excessive government access to financial records, and reduced authority for the US commodities regulator over the crypto markets. Armstrong expressed that the proposed changes could be more detrimental than the current regulatory environment, stating, "We’d rather have no bill than a bad bill." He hopes for a revised draft that better serves the industry's needs. This story is still unfolding, and updates will be provided as new information emerges. The complexities surrounding this legislation underscore the ongoing challenges in aligning regulatory frameworks with the rapidly evolving crypto industry.

Coinbase Withdraws Support for Controversial Crypto Legislation

Coinbase, a leading cryptocurrency exchange in the United States, has decided to retract its backing for the proposed Digital Asset Market Clarity Act. CEO Brian Armstrong voiced significant concerns, suggesting that the current draft could be detrimental to the crypto industry, stating, "We’d rather have no bill than a bad bill. Hopefully, we can all get to a better draft." Armstrong's decision came after a thorough review of the Senate Banking Committee's draft over the past two days. In a post on X, he outlined several issues, including what he perceives as a "de facto ban" on tokenized equities and extensive limitations on decentralized finance. He argues that the legislation would grant the government excessive access to financial records, posing severe privacy risks for consumers. Furthermore, Armstrong highlighted that the proposed draft diminishes the role of the Commodity Futures Trading Commission (CFTC) and significantly increases the authority of the U.S. Securities and Exchange Commission (SEC). This shift is particularly concerning for the crypto community, given the SEC’s aggressive regulatory stance under the current administration. Armstrong also echoed industry fears that the bill could adversely affect stablecoin rewards and appears designed to protect banks from competition. Banking lobbyists have warned that providing users with around 5% risk-free returns on stablecoins might lead to a "deposit flight," causing a substantial withdrawal from low-interest bank accounts. The community remains divided on the issue. ETF analyst James Seyffart responded to Armstrong’s concerns, stating that the industry is in dire need of a coherent market structure bill. Despite the controversy, Armstrong remains optimistic about reaching a favorable resolution, a sentiment shared by other key figures in the industry. Ripple CEO Brad Garlinghouse expressed hope that the issues could be ironed out during the markup process. Garlinghouse described the bill as a "massive step forward" in creating a functional framework for the crypto sector while safeguarding consumers, emphasizing that the success of the bill is crucial for the future of cryptocurrency. The Senate Committee on Agriculture, Nutrition, and Forestry will conduct a markup hearing on January 27, following the release of the legislative text on January 21. Earlier this week, SEC Chair Paul Atkins indicated a positive outlook on the possibility of the bill being signed into law within the year. As this situation unfolds, the crypto community continues to watch closely, hoping for legislation that supports innovation without stifling growth.

Sui Network Restores Functionality Following Six-Hour Disruption

The Sui blockchain, a layer-1 network known for its high-speed transactions, has resumed operations after experiencing a six-hour outage. This disruption had temporarily halted all transactions on the network. The Sui Foundation announced that the network is now "fully operational" and advised users to refresh their apps or browser windows if they encounter any issues. The outage was officially reported by the Sui Foundation on Wednesday at 3:24 PM UTC. They informed their 1.1 million followers on platform X that the core development team was actively working on a solution. However, the foundation has not yet disclosed the cause of the "consensus outage," which affected over $1 billion in network value and disrupted user transactions. The investigation into the issue began at 2:52 PM UTC on Wednesday, and the problem was resolved by 8:44 PM UTC, restoring the network after a period of 5 hours and 52 minutes. This incident marks the second significant outage for Sui since its launch in May 2023. The network previously experienced an outage in November 2024. Comparatively, Solana, another high-speed blockchain, has dealt with similar issues in the past but has not faced any outages in the last 18 months. Solana has implemented emergency updates to help validators address critical client-side problems, and their Solana Status account recently announced a new version upgrade featuring a critical set of patches. During the network disruption, Sui's (SUI) token saw a temporary price increase of 4%, although it eventually settled around $1.84, according to data from CoinGecko. Despite the brief spike, the token's price has remained relatively stable since the outage was confirmed by the foundation.

Republicans in US Senate Critique Digital Asset Bill as Misaligned with Industry Interests

In a recent development, Republican members of the US Senate Banking Committee have voiced concerns over a digital asset market structure bill, suggesting it doesn't align with the interests of the cryptocurrency industry. Despite some Democratic opposition to certain provisions, Republicans are promoting the bill as a bipartisan effort. On Tuesday, the Banking Committee's Republicans, spearheaded by Senator Tim Scott, released a document titled “myth vs. fact” about the CLARITY Act. They argue it's a misconception that the legislation was crafted to benefit the industry, asserting instead that its primary focus is on protecting investors. “The bill is the result of years of bipartisan collaboration, extensive talks with regulators and law enforcement, and an emphasis on public interest,” stated the Republican Senators. “It aims to enhance national security, safeguard investors, and foster innovation within a framework of clear and enforceable guidelines.” As the bill approaches a markup session in the Senate Banking Committee, originally anticipated last year, it faces resistance from some crypto companies. This delay has been attributed to ethical concerns, debates over decentralized finance, and the longest US government shutdown in history. Adding to the discussion, Galaxy Digital has raised alarms about the bill’s potential to expand government surveillance and enforcement capabilities over crypto users. Coinbase and other companies have indicated they might retract their backing unless issues surrounding stablecoin rewards are resolved. A revised version of the CLARITY Act, presented on Monday, proposes a compromise by prohibiting passive gains on stablecoin balances while allowing some form of rewards. Whether this version will advance in the Senate remains uncertain. Coinbase's chief policy officer, Faryar Shirzad, expressed significant apprehension during a CNBC interview, particularly about provisions that might restrict the SEC from enabling the tokenization of equity markets. As the Senate Banking Committee prepares for Thursday's markup session, it remains to be seen how the proposed amendments from both Democrats and Republicans will fare and whether they will be incorporated into the final bill. In parallel, the Senate Agriculture Committee, also under Republican control, plans to unveil its draft legislation on January 21, with a markup session scheduled for January 27. This committee will focus on different elements of the bill, such as the roles of the SEC and the Commodity Futures Trading Commission (CFTC) in regulation and enforcement.

Bitcoin Surges Amid Spot ETF Inflows, Yet $105K Remains Elusive

Bitcoin has experienced a resurgence, climbing to its highest value in over two months, as fresh inflows into spot Bitcoin exchange-traded funds (ETFs) have injected new energy into the market. Despite this boost, questions linger about whether the cryptocurrency can reach the $105,000 mark. The cryptocurrency's price saw a notable 5.5% increase on Wednesday, driven by $840 million in ETF inflows earlier this week. However, the derivatives market hasn't confirmed this upward trend, with options skew data indicating a cautious stance among traders regarding a sustained rally. The broader market landscape presents a mix of challenges. The tech-centric Nasdaq Index has struggled to recover past the 26,000 threshold, underscoring ongoing risk aversions in equities. Meanwhile, traditional safe-haven assets like gold and silver have reached new highs, further highlighting investors' cautious outlook. Professional traders remain wary, as evidenced by the BTC options delta skew metric. Currently, put options maintain a premium, reflecting a stable risk perception even as Bitcoin hovers around the $96,000 mark. This skepticism stems from geopolitical tensions, such as the recent protests in Iran, which have prompted military threats from the US and potential new tariffs. Adding to the uncertainty are the US's geopolitical maneuvers, with President Donald Trump expressing interest in Greenland, citing national security concerns. This has raised alarms among investors about potential international conflicts. Financial markets are also reacting to economic signals, with US Treasury yields declining as investors seek the safety of government bonds. The latest inflation data shows a 2.7% year-on-year increase, surpassing the Federal Reserve's target. In the corporate sphere, Warren Buffett's Berkshire Hathaway has increased its cash reserves to an unprecedented $381.7 billion, signaling caution over the unclear trajectory of artificial intelligence and its impact on markets. Meanwhile, Oracle faces legal challenges related to its AI infrastructure expansion. Overall, the current atmosphere of uncertainty has led traders to reduce their exposure to equities and cryptocurrencies alike. While Bitcoin's recent rally is noteworthy, significant sociopolitical risks and economic uncertainties continue to cloud its path to $105,000. Investors remain focused on how these factors will influence the Federal Reserve's economic strategies moving forward.

Bitpanda Eyes Frankfurt IPO with Valuation Up to $5.5 Billion

Vienna's Bitpanda, a prominent crypto platform, is contemplating an initial public offering (IPO) in Frankfurt, aiming for a launch in the first half of 2026. The company is targeting a valuation between 4 billion euros ($4.7 billion) and 5 billion euros. According to Bloomberg, which cited sources familiar with the matter, the IPO might occur as soon as the first quarter of that year, with Citigroup, Goldman Sachs, and Deutsche Bank involved in the process. However, the plans are still tentative, and timelines may shift. Established in 2014, Bitpanda has grown into a significant player in the European fintech and crypto markets, serving over 7 million users with a variety of digital-asset services and investment opportunities. In 2021, Bitpanda raised $263 million, pushing its valuation to $4.1 billion, marking it as one of Austria's pioneering unicorn startups. Over the past year, Bitpanda has expanded its presence across Europe. In January, it received a MiCA license from Germany's BaFin, and by February, it was approved by the UK's Financial Conduct Authority to offer over 500 crypto assets. Co-founder Eric Demuth mentioned in an interview with the Financial Times that while a public listing is considered, London was ruled out due to concerns over market liquidity, with Frankfurt and New York being more favorable options. In recent developments, several digital asset companies are also gearing up for public offerings in 2026. tZERO has announced plans for a US IPO as it enhances its blockchain infrastructure for tokenized securities. Similarly, Grayscale Investments has filed with the US SEC, aiming to list on the New York Stock Exchange. Meanwhile, crypto exchange Kraken has submitted a draft registration with the SEC, following an $800 million funding round that valued it at $20 billion. Public crypto listings in 2025 showed varied outcomes, with some companies experiencing initial success, while others like Circle, Gemini, and Bullish saw their stock prices retreat after initial surges. As the digital asset market continues to evolve, companies like Bitpanda are strategically planning their entry into public markets, reflecting broader trends in the sector.

XRP Surpasses $2 Amid Growing Institutional Interest: Are New Highs on the Horizon for 2026?

In a significant market development, XRP has surged past the $2 mark, buoyed by increasing institutional investment, suggesting a promising rally for the altcoin. Despite this upward momentum, analysts caution that a robust bullish confirmation is still required at higher levels. ## Key Developments - **50-Day Moving Average Reclaim**: At the start of 2026, XRP reclaimed its 50-day simple moving average, hinting at a potential trend reversal if sustained by continued buyer interest. This technical milestone aligns with a classic downtrend retest, typically indicating potential for higher prices. - **Institutional Inflows**: A notable divergence in market trends was observed as institutional inflows into XRP skyrocketed. CoinShares reported $45 million in weekly inflows for XRP, marking a substantial 400% increase from the previous week. This occurred even as the broader market faced $454 million in outflows, underlining XRP's unique position. - **On-Chain Metrics**: Analysis of on-chain volume reveals that XRP's rise above $2 is supported by balanced trading activity, rather than speculative trading. This is evidenced by trading volumes on Binance, which hover slightly above the 30-day average within a neutral range. ## Market Analysis CrediBULL Crypto, a market analyst, suggests two possible paths for XRP: a pullback to $1.77 within an ongoing uptrend, or a continued defense of the $2 base with buying on dips. The analyst leans towards further growth, targeting levels around $3. Futures trader Dom offers a nuanced view, noting that while $2.10 has been a resilient support, further price action towards the mid-$2.40 range could trigger a significant market shift. Dom emphasizes that true bullish momentum would require XRP to establish itself decisively above $2.40. ## Recent Market Movements XRP's recent rally met resistance just below $2.40, following over $100 million in whale selling early in January. Despite these outflows, a change in whale activity could catalyze a retest of the $2.40 level. As XRP continues its ascent, it stands out amidst tightening liquidity conditions and broader market outflows, driven by solid institutional backing and balanced market participation. The coming weeks will be crucial in determining whether XRP can maintain its upward trajectory and potentially achieve new highs in 2026.

CleanSpark Expands Into AI and HPC with Texas Land Acquisition

Bitcoin mining firm CleanSpark has taken a significant step towards expanding its presence in artificial intelligence (AI) and high-performance computing (HPC) by purchasing land in Texas. This move aligns with a broader trend of companies shifting their focus from purely cryptocurrency mining to leveraging their infrastructure for other technological advancements. In a statement released on Wednesday, CleanSpark announced it has finalized a deal to acquire 447 acres in Brazoria County, Texas. The company plans to develop a 300-megawatt (MW) data center on this site, with the potential to expand its capacity to 600 MW. This new facility, along with another in the region, is aimed at supporting AI and HPC operations. CleanSpark's chairman and CEO, Matt Schultz, highlighted the growing need for scalable, AI-focused computing solutions. He noted that securing access to large-scale power resources in strategically beneficial locations is becoming increasingly challenging. This expansion represents CleanSpark's continued diversification beyond Bitcoin mining, a path several other industry players have also taken due to the rising complexity of mining. Companies like MARA Holdings, Core Scientific, Hut 8, Riot Platforms, and TeraWulf have similarly started reallocating their resources towards AI and HPC. Other mining firms are exploring innovative ways to reduce operational costs, such as Canadian Bitcoin miner Canaan, which recently embarked on a proof-of-concept initiative to utilize its computational heat for local greenhouses. CleanSpark anticipates that the acquisition deal will be finalized by the first quarter of 2026. This strategic pivot towards AI and HPC comes in the wake of increased costs and operational challenges in Bitcoin mining. According to CoinWarz, Bitcoin's mining difficulty reached approximately 156 trillion in November 2025 and was reported at 146 trillion at the time of this publication. The industry is seeing a shift as companies adapt to these new challenges, exploring various strategies to remain competitive and sustainable in the evolving tech landscape.

Bitwise Launches Bitcoin, Ether, and Solana ETPs on Nasdaq Stockholm

Digital asset management firm Bitwise has introduced a range of seven exchange-traded products (ETPs) denominated in Swedish krona on the Nasdaq Stockholm. This strategic move offers Swedish investors regulated access to Bitcoin, Ether, and Solana, marking another significant step in Bitwise's expansion in Europe. Announced on Wednesday, these SEK-denominated ETPs cater to both retail and professional investors, providing them with the opportunity to access these products through their existing brokerage platforms. Depending on the brokerage, these ETPs might also be eligible for Sweden's tax-advantaged ISK savings structure. The newly listed products include the Bitwise Core Bitcoin ETP, backed by institutional-grade custody, as well as spot Bitcoin (BTC) and Ether (ETH) offerings. Additionally, the lineup features staking-linked ETPs connected to Ethereum (ETH) and Solana (SOL), a diversified MSCI Digital Assets Select 20 ETP that tracks the largest cryptocurrencies by market cap, and an innovative hybrid product that combines Bitcoin and gold exposure. To support its growth in the Nordic region, Bitwise has appointed Marco Poblete and Andre Havas to lead its regional efforts. The company emphasizes that all its ETPs are fully backed by the underlying crypto assets, securely held in institutional cold storage, and independently audited weekly. This launch in Sweden is part of Bitwise’s broader European strategy, which accelerated following its acquisition of ETC Group in August 2024. Earlier in April 2025, Bitwise listed four Bitcoin and Ether ETPs on the London Stock Exchange, followed by the introduction of five crypto funds on the SIX Swiss Exchange in September. In addition to its European initiatives, Bitwise is also expanding its footprint in the United States. In September 2025, as regulatory clarity improved, Bitwise filed with the U.S. Securities and Exchange Commission (SEC) to launch a Stablecoin & Tokenization ETF. This fund aims to track companies involved in stablecoin issuance, tokenization infrastructure, payments, exchanges, and regulated crypto ETPs linked to Bitcoin and Ether. Furthermore, in October, Bitwise launched the Solana Staking ETF (BSOL) on the New York Stock Exchange, enabling U.S. investors to benefit from SOL staking rewards. By December, Bitwise had filed to create a spot Sui ETF, intending to track the Sui (SUI) token, with Coinbase appointed as custodian. The SEC's decision on these filings is still pending. Bitwise researcher Ryan Rasmussen anticipates that the SEC's adoption of generic listing standards in September 2026 could lead to over 100 new crypto exchange-traded products launching, significantly expediting approval processes.

Crypto-Friendly Old Glory Bank Aims for Nasdaq Listing via SPAC

Old Glory Bank, known for its supportive stance towards cryptocurrencies, is preparing to go public on the Nasdaq through a merger with Digital Asset Acquisition Corporation. This move will form a new Texas-based entity called OGB Financial Company, which plans to trade under the ticker symbol OGB. The merger is anticipated to be finalized by the end of the first quarter or early in the second quarter of 2026, pending necessary approvals from shareholders and regulators. Michael Shaw, co-founder and Chief Innovation Officer of Old Glory Bank, expressed the institution's ambition to be the first chartered bank to seamlessly integrate cryptocurrency into everyday banking activities. Shaw highlighted the bank's vision for customers to effortlessly transition between on-chain and off-chain transactions, with a streamlined process for converting crypto to fiat using their proprietary OGB Freedom Offramp technology. Old Glory Bank has its roots in the First State Bank of Elmore City, established over a century ago in Oklahoma. In 2022, Old Glory Holding Company acquired and rebranded the institution, promising to deliver 'digital-first' banking solutions. This development comes amidst a broader trend of cryptocurrency companies moving into the banking sector. Notably, the U.S. Office of the Comptroller of the Currency granted conditional approval for national bank charters to five crypto-related entities, including Ripple Labs and Circle. Additionally, World Liberty Financial, linked to former U.S. President Donald Trump, recently applied for a national trust banking charter to enhance its stablecoin operations, according to CEO Zach Witkoff. These moves reflect a growing intersection between traditional banking and the cryptocurrency industry, as companies seek to offer more integrated financial services.

Today's Crypto Highlights: Stablecoin Concerns, Truebit Exploit, and New Developer Legislation

In recent developments within the cryptocurrency space, several significant events have come to light. Firstly, JPMorgan executives have raised concerns about the potential risks posed by certain stablecoin designs, emphasizing their impact on the regulated banking system. During a conference call addressing fourth-quarter earnings, JPMorgan's CFO, Jeremy Barnum, discussed the potential threats from interest-bearing stablecoins that mimic traditional banking features without regulatory oversight. Barnum highlighted the need for regulatory guardrails to prevent the emergence of a parallel banking system outside of established protections. This conversation aligns with the objectives of the GENIUS Act, which seeks to regulate stablecoin issuance. The banking industry views these stablecoins as disruptive, with their rapid adoption for payments and settlements posing a challenge to traditional banking models. Meanwhile, a significant security breach has been identified in the Truebit protocol, resulting in a $26 million loss. The breach exploited a vulnerability in the protocol's smart contract, allowing an attacker to mint a large number of tokens at negligible cost. This flaw was attributed to inadequate overflow protection in the contract's code, leading to incorrect calculations of the required Ethereum amount for token minting. The incident underscores ongoing security challenges in blockchain technology. Additionally, US Senators Cynthia Lummis and Ron Wyden have introduced the Blockchain Regulatory Certainty Act. This proposed legislation aims to clarify that blockchain developers and service providers who do not handle user funds should be exempt from money transmitter regulations. This move seeks to provide developers with the regulatory clarity needed to innovate without the fear of prosecution, addressing concerns about criminal liability for software use. These updates reflect the dynamic nature of the cryptocurrency landscape, highlighting both its potential and the challenges it faces in terms of security and regulation.

Bitchat Dominates App Downloads in Uganda Amid Internet Blackout

In Uganda, the encrypted messaging app Bitchat has surged to the top of app download charts as the government imposes an internet blackout during the presidential election period starting Thursday. This marks the third consecutive election cycle where Ugandan officials have resorted to cutting off internet access, a strategy they claim is necessary to curb the spread of online misinformation. Critics, however, contend that this tactic suppresses essential election-related information and may influence the electoral process. The internet shutdown was implemented on Tuesday evening, as confirmed by Uganda Communications Commission's executive director, Nyombi Thembo, in a statement. Despite the blackout, Bitchat, which functions without internet via Bluetooth mesh networks, has become the most popular app on both the Apple App Store and Google Play in Uganda. Virtual Private Network (VPN) apps are also among the top downloads, indicating a strong demand for alternative communication methods as the election approaches. Interestingly, Thembo had assured last week that the internet would remain active, questioning the need for Bitchat if internet services were available. He also mentioned having the capability to disable Bitchat, although no action has been taken against the app yet. Recent data suggests that over 400,000 Ugandans have downloaded Bitchat, and this number is expected to have increased substantially. Uganda's history of internet shutdowns during elections is not new. In 2016, President Yoweri Museveni enforced a nationwide block on internet and social media access, citing security concerns. A similar scenario unfolded in 2021 with a four-day blackout commencing on election night. Bitchat's utility extends beyond Uganda, proving vital in regions where internet disruptions occur due to governmental actions or natural disasters. For example, in September, approximately 50,000 users in Nepal adopted the app to bypass a temporary social media ban during corruption protests. Similarly, the app gained traction in Madagascar following a similar situation three weeks later. In November, Jamaicans turned to Bitchat when Hurricane Melissa hit, disrupting traditional communication channels with its 185-mile-per-hour winds. Bitchat's growing global presence underscores its importance as a communication tool in times of crisis, providing an alternative when traditional internet services are compromised.

Surge in Ethereum Wallets Amid Network Upgrades and Market Activity

Authored by Stephen Katte and edited by Felix Ng, the latest analysis reveals a significant uptick in Ethereum wallet creation, driven by a confluence of market dynamics and recent network enhancements. Over the past week, an average of 327,000 new Ethereum wallets were generated daily, with a record-breaking 393,000 wallets created on Sunday alone, as reported by Santiment. This unprecedented increase in wallet creation indicates a potential influx of new users, developers, or institutions into the Ethereum ecosystem. Current data shows that non-empty Ether wallets have reached an all-time high of 172.9 million. As of now, Ethereum's value stands at $3,330, marking a 7.5% increase in the last 24 hours, fluctuating between $3,068 and $3,292 throughout the previous week, according to CoinGecko. The surge in wallet creation may be attributed to the Fusaka upgrade implemented in December, which streamlined data processing on the blockchain and reduced costs for Layer 2 interactions, thus lowering fees and facilitating smoother app and rollup interactions. This, in turn, has attracted numerous new users to the network. Additionally, a shift in crypto sentiment and stablecoin usage has contributed to Ethereum's growth. Mid-December saw an improvement from negative to neutral and positive sentiment among holders, correlating with an increase in retail participation and address creation. Rising interest in decentralized finance (DeFi), non-fungible tokens (NFTs), and other applications further fueled user engagement. A notable rise in stablecoin transactions on Ethereum by late 2025 also highlighted the network's active role in payments and settlements, drawing in participants who established wallets for managing stablecoins and other cryptocurrencies. According to Nansen, more than half of Ethereum's total supply is currently locked in staking contracts. The ETH2 Beacon Deposit Contract alone holds over 77 million tokens, serving as validator stakes securing the network. Major exchanges like Binance and Coinbase collectively manage millions of Ether on behalf of their users. In conclusion, the combination of technological advancements and shifting market sentiments has significantly boosted Ethereum's appeal, as reflected in the surge of new wallet creations and the overall increase in network activity.

Warren Urges Halt on Bank Charter for World Liberty Until Trump Cuts Ties

Senator Elizabeth Warren is advocating for a pause on World Liberty Financial's pursuit of a bank charter until President Donald Trump severs his connections with the company. In a recent communication to Jonathan Gould, the Comptroller of the Currency, Warren requested a delay in reviewing World Liberty’s application for a national trust bank. Her letter emphasized the need for Trump to “eliminate all financial conflicts of interest involving himself, his family, and the company” before any progress is made. Highlighting the gravity of the situation, Warren stated, “We have never seen financial conflicts or corruption of this magnitude.” She criticized the United States Congress for not addressing these conflicts when enacting the GENIUS Act and urged the Senate to tackle these issues as it considers legislation on the crypto market structure. Earlier this month, a World Liberty subsidiary, WLTC Holdings, sought a bank charter from the Office of the Comptroller of the Currency, which would allow them to issue, manage, and convert their stablecoin, USD1. The involvement of President Trump and his sons, Barron, Eric, and Donald Trump Jr., as co-founders of World Liberty, has brought substantial financial gain to the family. Warren expressed her skepticism about Gould’s ability to impartially assess the application, criticizing his previous avoidance of questions about how he would prevent Trump from influencing OCC decisions. She pointed out that Gould would oversee the creation of rules impacting World Liberty’s profits and be responsible for enforcing laws applicable to the company and its competitors, all while serving under the President's authority. Warren remarked, "In effect, for the first time in history, the President of the United States would be in charge of overseeing his own financial company." This concern amplifies the call for stringent checks on potential conflicts of interest. In related developments, Warren, a senior Democrat on the Senate Banking Committee, is preparing to discuss a crypto market structure bill. This debate is set against the backdrop of a delay from the Senate Agriculture Committee, which postponed its discussions to gain broader bipartisan backing and potentially incorporate conflict-of-interest provisions. A draft of the Banking Committee’s bill, released on Monday, lacked ethics clauses sought by Democrats, but further negotiations and amendments are anticipated before the bill progresses.

Unprecedented Surge in Ethereum Wallet Creation Amid Network Upgrades and Positive Market Sentiment

Ethereum is experiencing a remarkable increase in new wallet creations, with an average of 327,000 wallets made daily over the past week. This surge is attributed to a combination of recent network upgrades, heightened stablecoin activity, and a shift in cryptocurrency sentiment. On Sunday, a record-breaking 393,000 wallets were created in a single day, as reported by Santiment analysts. The creation of new wallets often indicates the influx of new users, developers, or institutions into the Ethereum ecosystem. The total number of non-empty Ethereum wallets has now reached an all-time high of 172.9 million. Currently, Ethereum's price stands at $3,330, marking a 7.5% increase in the past 24 hours, according to CoinGecko data. Santiment analysts attribute part of the wallet creation boom to the Fusaka upgrade implemented in December. This upgrade has made Ethereum more accessible and cost-effective by enhancing on-chain data handling and reducing the costs associated with posting information from Layer 2 networks back to Ethereum. As a result, fees have decreased, making it easier for users to interact with applications and rollups, thereby encouraging more people to open wallets. In addition to protocol improvements, the overall sentiment in the crypto market has seen a positive shift, with investors and developers reassessing their strategies for the new year. According to Santiment, market sentiment moved from negative to neutral and positive in mid-December, often leading to more retail user participation and new address creation. There has also been a noticeable interest from new ecosystem entrants exploring decentralized finance (DeFi), non-fungible tokens (NFTs), and other applications toward the year's end. A noticeable rise in stablecoin transfers on Ethereum in late 2025 indicates the network's active use for payments and settlements. Such real-world financial activities tend to attract new participants who create wallets for transactions involving stablecoins and other tokens. Moreover, over half of Ethereum's total supply is currently staked, as observed by on-chain analytics platform Nansen. The ETH2 Beacon Deposit Contract holds more than 77 million tokens, which are used as validator stakes to secure the network. Major exchanges like Binance and Coinbase also hold significant amounts of Ether on behalf of their users, with nearly 4 million and 2.3 million tokens, respectively.

Bitchat Emerges as Uganda's Top App Amid Government-Ordered Internet Blackout

In a significant turn of events, Bitchat has surged to the forefront of app downloads in Uganda following the government's decision to cut internet services during the ongoing presidential election. This decision, confirmed by state authorities, marks the third consecutive election where internet access has been deliberately suspended, a move justified by officials as a means to curb online misinformation. Nonetheless, the internet shutdown, initiated at 6:00 pm local time on Tuesday, has sparked criticism from those who argue it stifles essential election-related communication and could sway the electoral process. Nyombi Thembo, the executive director of the Uganda Communications Commission, announced the shutdown on social media platform X. Bitchat, an encrypted messaging service that operates without the internet by utilizing Bluetooth mesh networks, has claimed the number one spot on both the Apple App Store and Google Play in Uganda. The surge in downloads underscores a pressing need for accessible communication as the election progresses. Alongside Bitchat, Virtual Private Network (VPN) apps have also seen increased popularity, indicating a widespread desire for information access in the country. Interestingly, Thembo previously assured that the internet would remain operational, questioning the need for alternatives like Bitchat. However, recent data reveals that over 400,000 Ugandans have adopted the app, a figure likely to have grown since. Uganda's history of internet restrictions dates back to the 2016 elections when President Yoweri Museveni enforced a nationwide internet and social media ban, citing security concerns. A repeat occurred in 2021, with a four-day blackout commencing on election night. Globally, Bitchat has proven invaluable in regions facing disrupted internet access due to either governmental actions or natural disasters. In September, Nepalese citizens utilized the app amid a temporary social media ban during corruption protests, while Madagascar saw a similar scenario weeks later. Furthermore, in November, Jamaicans turned to Bitchat following Hurricane Melissa, which devastated the Caribbean with 185-mile-per-hour winds, severing conventional communication links. This trend highlights Bitchat's role as a crucial communication tool in challenging circumstances, showcasing its adaptability and the growing global reliance on internet-free technologies.

Daily Crypto Updates: Stablecoin Concerns and Truebit Exploit Uncovered

In today's cryptocurrency landscape, notable events unfolded, shedding light on potential risks and regulatory developments within the industry. **Stablecoin Warnings from JPMorgan** During JPMorgan Chase's recent earnings call, executives expressed concerns over specific stablecoin designs that might pose risks to the traditional banking system. The bank's chief financial officer, Jeremy Barnum, emphasized that while they support blockchain innovation, they caution against yield-bearing stablecoins. Such stablecoins could create a parallel banking system lacking the regulatory safeguards honed over centuries. Barnum underscored the importance of maintaining oversight to prevent destabilization of the financial system. These comments align with ongoing discussions in Congress concerning digital asset legislation and stablecoin regulation. The financial services sector is increasingly wary of the disruption posed by stablecoins, particularly those offering interest, which could challenge traditional banks' business models. **Truebit's Smart Contract Vulnerability** In a separate incident, a security flaw within Truebit's protocol led to a $26 million exploit, drastically impacting the value of the Truebit (TRU) token. The breach arose from a loophole in the smart contract's logic, allowing an attacker to mint tokens almost freely. According to blockchain security firm SlowMist, this vulnerability resulted from a lack of overflow protection in the contract's code. The error, linked to Solidity version 0.6.10, allowed calculations to exceed their limits, inadvertently enabling the creation of tokens without proper cost. This incident highlights the ongoing security challenges even for established blockchain projects. **Legislative Moves for Crypto Developers** US Senators Cynthia Lummis and Ron Wyden have proposed legislation to safeguard blockchain developers from money transmitter regulations. Their bill, introduced as the Blockchain Regulatory Certainty Act (BRCA), seeks to ensure that those developing software or maintaining networks are not subject to these rules, provided they do not handle user funds directly. The initiative aims to protect developers from potential legal repercussions for their software's use, responding to concerns that current regulatory uncertainty is stifling innovation and pushing it overseas. This follows last year's legal action against Tornado Cash co-founders, who were penalized for operating without a money transmitter license. As the crypto sector continues to evolve, these developments underscore the delicate balance between fostering innovation and ensuring robust regulatory oversight.

Old Glory Bank Targets Nasdaq Debut via SPAC Merger

Old Glory Bank, known for its cryptocurrency-friendly approach, is aiming to make its mark on the Nasdaq through a strategic merger with Digital Asset Acquisition Corporation. This move will result in the formation of a new entity, OGB Financial Company, based in Texas and set to trade under the symbol OGB. The transaction is anticipated to be completed by late Q1 or early Q2 of 2026, pending necessary approvals from regulators and shareholders. Michael Shaw, co-founder and chief innovation officer of Old Glory Bank, expressed the bank's pioneering ambition to be the first chartered bank seamlessly integrating cryptocurrency with everyday banking operations. He highlighted plans for enabling customers to effortlessly transfer funds on and off blockchain networks and convert cryptocurrencies into fiat currency using the bank's innovative OGB Freedom Offramp. Old Glory Bank traces its roots back over a century to its original establishment as the First State Bank of Elmore City in Oklahoma. The rebranding to Old Glory Bank took place in 2022 following its acquisition by Old Glory Holding Company, shifting its focus towards providing advanced digital banking services. The move by Old Glory Bank is part of a broader trend of crypto companies venturing into the banking sector. Notably, the U.S. Office of the Comptroller of the Currency conditionally approved national bank charters for several crypto-related firms, including Ripple Labs and Circle, in December. Additionally, World Liberty Financial, linked to former President Donald Trump, recently sought a national trust banking charter, aiming to enhance its stablecoin operations. This development reflects the evolving landscape of the financial industry as cryptocurrency continues to intersect with traditional banking models, heralding new opportunities and challenges.

Strive's Stock Drops 12% Amidst Semler Acquisition to Boost Bitcoin Holdings

Strive's shares experienced a 12% decline on Tuesday following the announcement of an acquisition deal with Semler Scientific, aimed at significantly increasing Strive's Bitcoin reserves. The agreement, conducted entirely in stock, will incorporate Semler's 5,048.1 Bitcoin into Strive's treasury, boosting the total to 12,797.9 BTC. This move solidifies Strive's position as the 11th largest publicly traded Bitcoin holding company, according to data from BitcoinTreasuries.NET. Additionally, Strive has purchased an extra 123 Bitcoin, raising its standalone holdings to 7,749.8 BTC. As part of the acquisition strategy, Strive intends to monetize Semler’s operational business and address existing financial commitments, which include a $100 million convertible note and a $20 million loan from Coinbase, contingent on market conditions. Moreover, the merger involves a 1-for-20 reverse stock split of the combined company’s Class A and Class B common shares, reducing the total number of shares available. This transaction comes after Strive's initial Bitcoin treasury announcement on May 7, which saw its stock price surge dramatically from $0.61 to a peak of $13.01 by May 22, marking an increase of over 2,000% before it retraced to about $0.97. Semler Scientific has seen similar stock volatility, with its shares rising from around $30 in early May to $67.17 by December 9, after announcing the adoption of Bitcoin as its primary treasury reserve. However, its shares have since fallen to approximately $20. A comparable pattern emerged with Metaplanet, a Japanese hotel operator and now the fourth-largest corporate Bitcoin holder with 35,102 BTC. Metaplanet’s stock rose from $34 to $232 following its own Bitcoin treasury announcement in April 2024, peaking at $1,781 in May 2025 before settling around $528, as reported by Yahoo Finance. These fluctuations highlight the volatile nature of public companies adopting digital assets as part of their financial strategies, with initial stock gains often followed by significant corrections.

JPMorgan CFO Warns of Risks Posed by Yield-Bearing Stablecoins to Banking System

JPMorgan Chase's Chief Financial Officer, Jeremy Barnum, recently highlighted the potential risks associated with yield-bearing stablecoins, which he believes could lead to the formation of a parallel banking system devoid of traditional regulatory safeguards. During the bank's fourth-quarter earnings call, Barnum emphasized the importance of regulatory oversight in preventing such a development. The discussion arose in response to a question from Evercore analyst Glenn Schorr, who inquired about the implications of stablecoins amid recent lobbying efforts by the American Bankers Association and ongoing legislative discussions in Congress regarding digital asset regulation. Barnum indicated that JPMorgan's stance is in line with the GENIUS Act, which aims to set regulatory guidelines for stablecoin issuance. Barnum expressed concern over interest-bearing stablecoins, which mimic the functions of traditional banks by offering deposit-like products with interest, but without the regulatory protections that have been established over centuries. He described this potential scenario as "obviously dangerous and undesirable." Despite welcoming innovation and competition, Barnum reiterated JPMorgan's opposition to a parallel banking system that operates outside of established regulatory frameworks. This sentiment reflects broader industry apprehension, as indicated by past reports of how the US banking lobby views yield-bearing stablecoins as a potential threat to their business models. These stablecoins offer advantages such as faster transactions and reduced costs, posing a challenge to banks that offer lower interest rates to depositors. In the legislative arena, stablecoin rewards have become a focal point for US lawmakers, who are debating the Digital Asset Market Clarity Act. This proposal seeks to clarify regulatory jurisdiction and outline supervision for digital asset activities. A recent draft of the legislation suggests prohibiting digital asset service providers from offering interest on stablecoins, aiming to prevent them from acting like traditional bank deposits. However, the draft allows for rewards linked to broader ecosystem participation, such as liquidity provision, governance, and staking activities, rather than simply holding a stablecoin. This nuanced approach indicates a legislative intent to balance innovation with regulatory oversight.

Ethereum Hits $3,200: Can Traders Transform Resistance Into Support?

Ethereum has recently climbed back to the $3,200 mark, but questions linger about whether this level can be transitioned from a resistance point to a supportive base. Although Ethereum remains a dominant force in total value locked (TVL), diminishing usage and ongoing economic uncertainty in the United States could obstruct its path to reaching $4,000. Currently, Ethereum is trading near $3,200. The reduced network activity, coupled with economic challenges in the US, is capping its potential to rise further. Most Ethereum interactions are now taking place on layer-2 networks, but the rise of cheaper alternative blockchains diminishes the likelihood of Ethereum reaching $4,000 in the near future. Over the past two months, Ether has struggled to maintain a price above $3,300. This has led analysts to question if a substantial rally is feasible in 2026. Despite Ethereum's ongoing network improvements and its leading position in deposits, investors remain skeptical about the possibility of achieving the $4,000 milestone. The performance of Ether since November has mirrored overall trends in the cryptocurrency market. The current lack of enthusiasm seems to be more about the general decline in decentralized application (DApp) usage rather than specific issues within the Ethereum network. Whether driven by broader economic uncertainties or other factors, the short-term outlook for ETH's price remains constrained. As interest in DApps wanes, traders are showing decreased engagement, evidenced by the drop in activity on decentralized exchanges (DEXs). Data from DefiLlama indicates that DEX volumes over the last two weeks amounted to $150.4 billion, a 55% decline from a record high of $340 billion in January 2025. Ethereum's seven-day DEX volumes have stabilized around $9 billion after peaking at $27.8 billion in October 2025. This significant drop has driven Ethereum network fees down by 87%, from $21.3 million to $2.6 million. Nevertheless, Ethereum maintains a dominant position, accounting for roughly half of DEX activity when considering data from Base, Arbitrum, Polygon, and other layer-2 solutions. Despite higher network fees from competitors like Tron, Solana, and BNB Chain, Ethereum's leadership in TVL illustrates a preference among institutional investors. Some argue that Ethereum hasn't fully capitalized on its smart contract deposits' dominance, but this aligns with its scalability strategy focused on rollups. Solana's transaction count surpasses the combined total of its top 10 competitors, underscoring its dependence on extensive validation processes and a semi-centralized development approach led by Solana Labs. According to Nansen, Ethereum processed 54.4 million transactions in a 30-day span, while its layer-2 network Base recorded over 600 million transactions in the same period. Ethereum's two-month struggle to break past $3,200 poses challenges for companies like Bitmine Immersion (BMNR US), which holds $13.2 billion of Ether, yet its shares trade at a 9% discount based on CoinGecko data. The factors that could potentially revive ETH's momentum remain uncertain, especially as rival networks continue to offer competitive DApps and functionalities that appeal to average users with less friction. Ethereum's journey back to $4,000 and beyond is largely contingent on renewed interest in blockchain applications and a more favorable risk appetite in the broader cryptocurrency market amid persistent US economic uncertainty.

NYC Mayor Zohran Mamdani Declines Crypto Investments and Adams' Memecoin

New York City's newly elected Mayor, Zohran Mamdani, has made it clear that he does not own any cryptocurrency and has no intention of investing in digital assets, setting himself apart from the crypto-friendly stance of his predecessor, Eric Adams. Speaking at Samson Stages, Mamdani was unequivocal in his response to questions about his crypto holdings, stating that he neither owns any nor plans to purchase the NYC Token, a memecoin recently introduced by former mayor Adams. Eric Adams launched the NYC Token shortly after leaving office, claiming that proceeds would support educational and social initiatives. However, the project quickly attracted controversy, facing accusations of a "rug pull" after reports emerged suggesting liquidity was deliberately withdrawn, leading to significant investor losses. Nicolai Sondergaard, a research analyst at Nansen, commented on the situation, noting that the actions likely trapped traders and forced them to sell under unfavorable conditions. Mamdani, who secured his mayoral position with a platform focused on affordability for New Yorkers, had not prominently featured crypto policies during his campaign. However, during his tenure in the New York City Assembly, he backed legislation aimed at strengthening consumer protections concerning stablecoin issuers. Despite opposition from figures in the crypto industry, including Gemini co-founder Tyler Winklevoss and former presidential advisor David Sacks, Mamdani's win reflects a shift in priorities for the city's governance. In his inaugural address, the new mayor emphasized a commitment to an agenda prioritizing safety, affordability, and abundance, marking a departure from Adams' pro-crypto initiatives. In contrast, Eric Adams famously embraced cryptocurrency during his time in office, notably receiving his initial three paychecks in Bitcoin—a decision he stood by despite its mixed reception. As Mamdani takes the helm, the direction of cryptocurrency policy in New York City remains a topic of significant interest and speculation.

Solana's Path to $190: Bullish Indicators Emerge on the Horizon

In recent developments, Solana (SOL) is showing promising signs of a potential surge, with traders taking note of a classic chart pattern indicating a likely price hike to $190. The convergence of factors such as steady ETF inflows and a bullish cup and handle formation, along with an overall positive sentiment in the crypto market, suggests an upswing may be imminent. Following a prolonged phase of consolidation, Solana's price structure is tightening just below a critical resistance level, hinting at a possible breakout. Analysts highlight that Solana has crafted a high-time-frame cup and handle pattern, with projections aiming for a breakout target between $180 and $190. Furthermore, SOL has surpassed its 50-day moving average for the first time since September 2025, a bullish indicator pointing to a potential upward trend. Since mid-November 2025, Solana's price has been confined within the $120 to $145 range, shaping a cup and handle pattern on the daily chart. This formation is often interpreted as a continuation signal, indicating gradual accumulation followed by a controlled pullback, setting the stage for a potential breakout. The $145 resistance level has been a recurring cap for SOL rallies over the past few months, increasing the chances that surpassing this threshold could lead to a substantial rally, potentially boosting SOL to around $180, a significant 25% increase from its current standing. The reclaiming of the 50-day moving average further bolsters the bullish outlook. Historically, maintaining this position has signaled a shift from corrective phases into trending markets, implying that sellers may be losing their grip on Solana's market structure. Prominent crypto trader NekoZ echoed this sentiment, describing the SOL chart as a "masterpiece," and noting the potential for a massive breakout. "The $SOL rounding bottom is painting a masterpiece," NekoZ remarked. "Massive breakout on the daily chart. While everyone was bearish at $120, the smart money was accumulating. Next stop: $190+. Don’t short a trend reversal this clean." In terms of liquidity, data from CoinGlass reveals crucial inflection points for Solana. Liquidation heatmaps indicate significant long liquidations on a $15 dip toward $130, highlighting potential vulnerabilities if support fails. Conversely, short liquidations cluster near $160, where approximately $520 million could be forced to unwind, potentially propelling the price upward if resistance is breached. Meanwhile, SOL's exchange-traded funds (ETFs) continue to provide a solid foundation. Recent data shows that US spot ETFs have recorded $10.7 million in net inflows, primarily driven by Bitwise's BSOL with $8.6 million. Year-to-date cumulative net inflows have increased from $1.02 billion to $1.14 billion, reflecting steady demand and suggesting that this backdrop might help mitigate volatility during a breakout. In conclusion, Solana's current market setup, characterized by key bullish patterns and consistent ETF inflows, positions it well for a potential price increase towards $190. However, as with all investments, caution and thorough research are advised.

Wintermute Identifies Three Factors Crucial for Crypto's 2026 Renaissance

The anticipated resurgence of cryptocurrencies by 2026 is contingent upon three key developments, as outlined by crypto market maker Wintermute. The subdued Bitcoin rally in 2025, coupled with a decline in the altcoin cycle, indicates a significant market transformation. This shift suggests that any recovery in the coming years will rely heavily on institutional involvement, interest rate adjustments, and the return of retail investors. In its analysis of the digital asset OTC market, Wintermute highlighted a departure from the historical market trend where gains in Bitcoin (BTC) and Ether (ETH) would spark extended rallies in altcoins. In 2025, liquidity was primarily concentrated in a few large-cap assets, largely influenced by exchange-traded funds (ETFs) and institutional investments. This resulted in reduced market breadth and increased performance divergence, pointing to a more selective capital allocation within the crypto market. The launch of U.S. spot Bitcoin ETFs has notably steered digital asset markets towards institutional players. While discussions continue about the potential weakening or transformation of Bitcoin’s traditional four-year cycle, Wintermute suggests that predicting the market’s direction in 2026 remains challenging. "The evidence from 2025 suggests that the traditional four-year cycle is becoming less relevant," Wintermute stated. The company noted that altcoin rallies were significantly shorter, averaging just 20 days compared to the previous 60 days. Only a handful of tokens outperformed, while the broader market remained under pressure due to token unlocks. For a positive shift in 2026, Wintermute proposes that one of three scenarios must unfold: expansion of ETF and digital asset treasury mandates beyond Bitcoin and Ether, a strong performance from major assets that could trigger a wider wealth effect, or a renewed interest from retail investors. Currently, retail attention is diverted towards sectors like artificial intelligence, equities, and commodities. The path to re-engaging retail investors in crypto is fraught with challenges. Institutional activities have predominantly driven Bitcoin's price increases, and the memories of the steep losses and bankruptcies during the 2022–2023 bear market are still vivid. In 2025, Bitcoin and Ether underperformed compared to traditional equity markets, especially in high-growth sectors such as space technology, AI, robotics, and quantum computing. This has weakened crypto’s allure for individual investors who are increasingly investing in the S&P 500 and other high-growth themes. Some industry experts believe that the return of retail investors to crypto hinges more on macroeconomic factors than on market narratives. Own Lau, managing director at Clear Street, suggests that the U.S. Federal Reserve’s approach to interest rate cuts could be pivotal. A reduction in interest rates could lead to a more favorable capital environment and increased risk appetite. "Rate cuts by the Fed are one of the key catalysts for the crypto space in 2026," Lau pointed out. Current market predictions, according to the CME Group’s FedWatch Tool, suggest approximately two rate cuts this year.