BTC is currently trading around $94,400 and ETH around $3,300. Notable gainers in the last 24 hours are XDC, OM, and XRP. The global crypto market cap is $3.44T, down 2.3% over the last day. DeFi Total Value Locked is ~$119b and BTC dominance is around 58%.
Crypto prices continue to fall amidst tempering expectations for Fed rate cuts. At issue today was the Fed’s December meeting minutes that revealed concerns around the impact Trump’s policies could have on inflation and that “the Committee was at or near the point at which it would be appropriate to slow the pace of policy easing.”
Notable news includes: a US federal judge granted Coinbase permission to pursue a narrow appeal challenging the SEC’s accusation of improperly handling unregistered securities, enabling a higher court to weigh in before the case proceeds; a US court scheduled Terraform Labs co-founder Do Kwon’s trial to start on January 26, 2026; a US Bitcoin investor was ordered to hand over public and private keys in a landmark tax case; outgoing US SEC Chair Gensler repeated his assertion that crypto is “rife with bad actors” two weeks before leaving the agency; China released plans to create blockchain-based national data infrastructure; South Korea is reportedly preparing to relax restrictions on institutional crypto trading; Thailand revealed plans to integrate crypto payments into its tourism sector; the city of Gelephu, Bhutan announced it will hold BTC, ETH, and BNB as strategic reserve assets; Portuguese bank BiG reportedly suspended fiat transfers to crypto platforms; Oversea-Chinese Banking Corporation launched tokenized bonds for corporate investors in Singapore; Revolut became the first banking data publisher to join the Pyth Network; Ripple CEO Garlinghouse met with Trump at Mar-a-Lago; Bitcoin rig manufacturer Canaan unveiled home heating rigs at CES 2025; South Korean conglomerate Lotte Group is reportedly close to choosing Arbitrum as its main blockchain infrastructure provider for its Caliverse metaverse gaming project; rumors swirled that South Korean crypto exchanges will delist memecoins; Bitfinex Derivatives relocated to El Salvador; decentralized exchange HyperLiquid received scrutiny over a lack of decentralization; Agora launched its AUSD stablecoin; Ethereum L2 Starknet launched the SN Stack appchain developer tooling; Bitcoin restaking protocol Babylon launched its phase-2 testnet; and, Illuvium partnered with Virtuals to bring autonomous AI NPCs to its games.
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Author:
Brian Rudick, Head of Research | Twitter, Telegram, LinkedIn
Carlos Guzman, Research Analyst | Twitter, Telegram, LinkedIn
Toe Bautista, Research Analyst | Twitter, Telegram, LinkedIn
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