New entrants into the federal banking sector are good for consumers, the banking industry and the economy
said Comptroller of the Currency Jonathan V. Gould. He emphasized that these new banks will provide access to innovative products and services while ensuring a competitive banking system.
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the UAE is all-in on crypto, itโs become the second crypto capital of the world, along with the U.S.
This comment followed his participation in Abu Dhabi Finance Week, where he noted the region's techno-optimistic attitude and belief in economic freedom.
the UAE is serious about becoming the crypto capital of the world
and highlighted Ripple's long-standing presence and investment in the region. Merrick expressed pride in building the future of finance with Ripple in the UAE.
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I'm excited to celebrate the one-year anniversary of RLUSD โ we've gone from 0 to a top 5 USD stablecoin in record time,
said Jack McDonald, Ripple's senior vice president of stablecoins. He noted that RLUSD officially crossed a $1 billion market cap in November, marking one of the fastest climbs in the regulated stablecoin space.
Demand for trust is real,
he added.
It was undeniably the year of the stablecoin, and I can't wait to see what 2026 has in store,
McDonald concluded. Ripple's managing director for the Middle East and Africa, Reece Merrick,added:
It's been a great year โฆ We're perfectly positioned to have an incredible 2026.
In March, I predicted RLUSD would be a top 5 USD stablecoin by EOY (when many in the industry were still asking if the world needs another stablecoin).
His remarks underscored how regulatory alignment, institutional custody, and tokenized asset connectivityare reshaping competition in the stablecoin market as enterprise adoption continues to expand.
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If you try to steal from our customers, we will work with law enforcement to find you and bring you to justice. One down, more to go.
This statement came after the Brooklyn District Attorneyโs Office announced criminal charges against a man accused of running a nationwide impersonation scheme targeting Coinbase users.
๐ต๏ธโโ๏ธ Prosecutors allege that the defendant pretended to be a Coinbase support representative, claiming that victims' accounts were compromised and pressuring them to transfer funds into "safe" wallets controlled by the scammer. The scheme reportedly affected around 100 victims and resulted in nearly $16 million in alleged losses, although over $600,000 has been recovered through enforcement actions and blockchain tracing.
Crypto scams arenโt anon. Coinbase is committed to working with law enforcement to trace funds, support victims, and pursue accountability.
The company detailed its collaboration with the Brooklyn District Attorneyโs Office and its Virtual Currency Unit, which includes identifying affected customers, supporting victim outreach, preserving information for lawful requests, and assisting in on-chain analysis for recovery efforts.
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The dollar is now at a new 14-year low against the Swiss franc. Itโs now less than 1% away from hitting a record low against the franc.
He cautioned that this situation
portends a broader dollar selloff yet to come, which means higher inflation, rising long-term interest rates, and a weaker U.S. economy.
The issue is that the dollar is not viewed as the safe haven anymore. Gold has taken its place.
He highlighted the unsustainable nature of current interest rates due to mounting debt and minimal savings, and pointed out that
central banks are buying [gold] as they expect surging U.S. inflation to destroy the value of dollar reserves.
Gold and silver prices skyrocketing to new highs will ultimately pull the rug out from under the U.S. dollar and Treasuries, sending consumer prices, bond yields, and unemployment soaring.
He painted a bleak picture for consumers, predicting that
the dollar will tank and everything unemployed Americans canโt afford to buy will be much more expensive.
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FIGHT FIGHT FIGHT.
This moment became central to the coin's branding, transforming a political incident into a rallying cry for the crypto community. However, as 2025 progressed, the coin's value plummeted. By December, it was trading below $5, a decline of over 93% from its peak. The initial excitement faded, and daily trading volumes dropped significantly.
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๐ Bitcoin ETFs started the year strong, with substantial inflows in January, including a remarkable $1.96 billion on January 17. This momentum pushed net assets above $120 billion. However, February brought a sudden shift with a major risk-off rotation leading to heavy outflows, including a staggering $2.61 billion exit. Despite this, total assets remained above $95 billion, demonstrating the ETFs' integration into institutional portfolios.
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๐ On December 31, 2025, Tether's CEO, Paolo Ardoino, announced the acquisition via X, stating,
Tether acquired 8,888.8888888 BTC in Q4 2025.
The bitcoins were transferred from a Bitfinex hot wallet, bringing Tether's total holdings to 96,369.86714418 BTC worth approximately $8.46 billion as of January 1, 2026.
๐ข The choice of the number eight is significant; it is considered the luckiest number in Chinese culture and is associated with wealth. Tether has a history of acquiring bitcoin in tranches of 8,888 BTC, reflecting this cultural belief.
๐ This recent purchase not only highlights Tether's strategic treasury management but also its acknowledgment of cultural numerology. The timing and precision of the acquisition provide a symbolic closure to 2025 for the stablecoin issuer as it steps into 2026 with a strengthened bitcoin position.
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the timing of Morgan Stanley's Bitcoin ETF launch challenges traditional ETF assumptions.
He noted that the market for crypto exposure is much larger than even industry professionals anticipated, especially when it comes to reaching new customers. Park pointed out that Blackrockโs Ishares Bitcoin Trust (IBIT) is currently the leader in liquidity but added that
despite IBIT being the fastest ETF to reach $80 billion in assets under management, there is still significant untapped interest.
it means that Bitcoin is socially important just as much as it is financially important as a product to offer to customers.
He explained that by launching their own Bitcoin ETF after IBIT has already established liquidity, Morgan Stanley is acknowledging a crucial reality: distribution is more important than product superiority.
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Two years ago, Bitcoin officially entered the TradFi world. Since then, the growth has been nothing short of mind-blowingโฆ Bitcoin is outpacing goldโs early adoption by 600%,
highlighting the dramatic shift in allocator behavior.
๐ The firm emphasized that capital flows into regulated exchange-traded products (ETPs) are a key indicator of this shift. Familiar ETF structures have allowed advisers, pensions, and asset managers to gain exposure to Bitcoin within established compliance frameworks. This positions Bitcoin ETFs as a rapidly accepted asset class, operating within mainstream portfolio construction rather than on its periphery.
Incredibly grateful to be a part of this community and to witness this historic shift firsthand. The โDigital Goldโ thesis is no longer a theory; itโs the proven global standard. โ Onward.
๐ While supporters cite fixed supply, global liquidity, continuous settlement, and deeper regulatory clarity as drivers of Bitcoin's adoption, skeptics point to its volatility and reported underperformance during 2025. This ongoing debate highlights concerns about Bitcoin's long-term stability compared to gold, despite its faster institutional uptake.
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๐ช XRP ETFs continued their recent resilience with a $15.04 million inflow. Bitwiseโs XRP led with $7.63 million followed by Franklinโs XRPZ and Grayscaleโs GXRP. Solana ETFs also performed well with a $10.67 million inflow, primarily driven by Bitwiseโs BSOL.
๐ Overall, Mondayโs trading session reflected a cautious return of risk appetite among investors. Bitcoin stabilized after recent selling pressure, ether found balance through internal rotation, and both XRP and Solana continued to attract steady demand. This sets a more constructive tone for the week ahead.
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๐ Grayscale Sees Stabilization in Crypto Markets Post-Deleveraging
๐ Grayscale has observed a shift in the crypto market dynamics following the October deleveraging period. The asset manager announced on January 13 via social media that it no longer considers the post-October 10 deleveraging as a significant factor influencing recent valuations. Instead, it points to a stabilization of the market and the emergence of fundamental drivers.
๐ In October, the crypto derivatives markets experienced a major reset due to extensive liquidations in perpetual futures. Open interest across major platforms like OKX, Bybit, Binance, and Hyperliquid plummeted from approximately $90 billionโ$100 billion in late September to around $55 billion after the October 10 event. However, this decline was followed by a period of stability through November and December, with aggregate open interest remaining close to $50 billion.
๐ Grayscale noted that while futures open interest saw a slight increase in December, options open interest decreased primarily due to concentrated expirations. This indicated that leverage remained steady without aggressive rebuilding. The relatively stable trajectories across the exchanges suggested that traders were maintaining their exposure after the October reset rather than exiting the derivatives markets entirely.
๐ Additionally, Grayscale pointed out the lack of significant selling by long-term bitcoin holders, which alleviated concerns about structural supply pressure. With tax-driven flows diminishing and regulatory milestones on the horizon, the firm emphasized that future crypto valuations are increasingly likely to be influenced by fundamentals and policy clarity rather than lingering effects from the October deleveraging.
๐ Grayscale has observed a shift in the crypto market dynamics following the October deleveraging period. The asset manager announced on January 13 via social media that it no longer considers the post-October 10 deleveraging as a significant factor influencing recent valuations. Instead, it points to a stabilization of the market and the emergence of fundamental drivers.
๐ In October, the crypto derivatives markets experienced a major reset due to extensive liquidations in perpetual futures. Open interest across major platforms like OKX, Bybit, Binance, and Hyperliquid plummeted from approximately $90 billionโ$100 billion in late September to around $55 billion after the October 10 event. However, this decline was followed by a period of stability through November and December, with aggregate open interest remaining close to $50 billion.
As a result, we no longer believe that post-October 10 deleveraging has been a meaningful driver of valuations in recent weeks
๐ Grayscale noted that while futures open interest saw a slight increase in December, options open interest decreased primarily due to concentrated expirations. This indicated that leverage remained steady without aggressive rebuilding. The relatively stable trajectories across the exchanges suggested that traders were maintaining their exposure after the October reset rather than exiting the derivatives markets entirely.
๐ Additionally, Grayscale pointed out the lack of significant selling by long-term bitcoin holders, which alleviated concerns about structural supply pressure. With tax-driven flows diminishing and regulatory milestones on the horizon, the firm emphasized that future crypto valuations are increasingly likely to be influenced by fundamentals and policy clarity rather than lingering effects from the October deleveraging.
๐ Stablecoins: Bridging the Gap Between Crypto and Regulated Finance
๐ Stablecoins are transitioning from the fringes of cryptocurrency to the heart of regulated finance, driven by clearer regulations that promote institutional adoption and reshape cross-border payments. Matthew Osborne, Ripple's policy director for the UK and Europe, emphasized this shift in a commentary published by the Official Monetary and Financial Institutions Forum (OMFIF) on January 19, 2026.
๐ฌ Osborne stated,
He framed regulation as a pivotal factor enabling this growth to integrate with mainstream finance rather than remaining peripheral. He noted that stablecoins are more likely to complement the existing financial system than replace it, emphasizing that
๐ Osborne pointed out the changing official attitudes towards digital currencies, highlighting the recognition that
In this evolving structure, stablecoins coexist with central bank money and commercial bank deposits, each tailored for different transaction needs and technological capabilities, especially in cross-border and on-chain markets.
๐ Addressing concerns about financial stability, Osborne argued that fears of mass disintermediation are exaggerated. He drew parallels with established instruments like money market funds and e-money, stating,
He further suggested that extending elements of the central bank safety net could unlock stablecoins' full potential, concluding that
๐ This analysis positions regulation as the catalyst for safely integrating stablecoins into core financial systems, framing them as a durable component of a supervised, multi-money system.
๐ Stablecoins are transitioning from the fringes of cryptocurrency to the heart of regulated finance, driven by clearer regulations that promote institutional adoption and reshape cross-border payments. Matthew Osborne, Ripple's policy director for the UK and Europe, emphasized this shift in a commentary published by the Official Monetary and Financial Institutions Forum (OMFIF) on January 19, 2026.
๐ฌ Osborne stated,
Stablecoins are no longer a niche experiment. They now have a market value in excess of $300bn, with annual transaction volumes surpassing Visa and Mastercard combined.
He framed regulation as a pivotal factor enabling this growth to integrate with mainstream finance rather than remaining peripheral. He noted that stablecoins are more likely to complement the existing financial system than replace it, emphasizing that
This is evolution, not revolution.
๐ Osborne pointed out the changing official attitudes towards digital currencies, highlighting the recognition that
the financial ecosystem of tomorrow will host multiple forms of money.
In this evolving structure, stablecoins coexist with central bank money and commercial bank deposits, each tailored for different transaction needs and technological capabilities, especially in cross-border and on-chain markets.
๐ Addressing concerns about financial stability, Osborne argued that fears of mass disintermediation are exaggerated. He drew parallels with established instruments like money market funds and e-money, stating,
The solution lies in central banks channelling stablecoin momentum, not fighting it.
He further suggested that extending elements of the central bank safety net could unlock stablecoins' full potential, concluding that
with the right safeguards, they can strengthen rather than weaken the financial system.
๐ This analysis positions regulation as the catalyst for safely integrating stablecoins into core financial systems, framing them as a durable component of a supervised, multi-money system.
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๐ Bitcoin has stabilized near crucial support levels as inflation data has clarified policy expectations, reinforcing the likelihood of prolonged higher interest rates. This situation also strengthens the argument for viewing crypto as a macro hedge amidst geopolitical changes and renewed demand driven by ETFs.
๐ On January 22, Matt Mena, a crypto research strategist at 21shares, provided insights on how inflation stability, interest rate policies, and regulations are shaping Bitcoin's trajectory. He noted that the recent December PCE report offered much-needed clarity to the market, with headline personal consumption expenditures aligning with estimates at 2.8%. This stability suggests a soft-landing narrative despite ongoing tariff-related uncertainties.
Bitcoin retested the $89K support level on the news and the wider crypto marketcap settled at the $3.1 trillion support
Mena observed. He pointed out that Bitcoin is increasingly acting as a sophisticated macro hedge, supported by record-low exchange balances and over $59 billion in renewed ETF inflows.
๐ The released PCE data reinforced a narrative of higher-for-longer interest rates, which continues to pose challenges for risk assets. With core PCE holding at 2.8% annually, expectations for a rate cut at the upcoming Federal Open Market Committee meeting have been effectively removed. This cautious stance in liquidity-sensitive markets has led to Bitcoin struggling to reclaim the $90,000 level, even as fears related to a recent trade dispute have eased.
๐ฎ Looking ahead, Mena outlined a path for the crypto market driven by significant catalysts. He highlighted that President Donald Trump's recent decision to ease February tariff threats after discussions with NATO leadership has shifted focus towards broader geopolitical realignment. Mena suggested a potential deal structure involving Denmark providing provisions for sovereign U.S. enclaves, which could signal a โrisk-onโ sentiment for financial markets.
If macro data continues to come in line with expectations and tensions in Greenland cool, we expect bitcoin to break the $93.5Kโ$95K resistance
he concluded. Mena emphasized Bitcoin's resilience during geopolitical stress, describing it as a growing neutrality hedge that has historically anticipated relief rallies. He projected a potential run towards $100,000 before the end of the quarter and an all-time high near $128,000 in the first half of the year.
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๐ Bermuda is embarking on a groundbreaking initiative to transition its entire economy onto blockchain technology. This move aims to simplify settlements and promote wealth creation through fractional ownership. Despite facing skepticism regarding its technical readiness and social acceptance, proponents believe that onchain models empower individuals to become capital allocators rather than mere earners.
๐ค In collaboration with industry leaders like Coinbase and Circle, Bermuda plans to shift from traditional, high-fee payment systems to a USDC-powered blockchain framework. This transition is expected to reduce transaction costs for local businesses, improve financial inclusion, and boost domestic economic growth.
๐ However, the initiative has sparked skepticism. Concerns range from local distrust to doubts from financial analysts about Bermuda's preparedness for such a significant technical and social transformation. A key point of contention is whether an onchain economy can effectively address the wealth gapโa challenge that traditional fintech apps have struggled with.
๐ Experts argue that while fintech has digitized existing banking structures, it has not eliminated gatekeepers or reduced user dependency on intermediaries. Lux Thiagarajah, Chief Commercial Officer at Openpayd, emphasizes that onchain models shift the focus from payments to ownership. He states,
With on-chain, assets live on public rails and anyone can directly hold rights, yield-bearing assets, and tokens. Wealth grows from ownership, not cheaper payments.
By lowering investment barriers and removing banking intermediaries, individuals can start building wealth regardless of their location or investment size.
๐ Onchain infrastructure also promotes transparency and accountability. It replaces centralized power with auditable code, reducing monopolistic practices and ensuring local opportunities are not restricted. Workers compensated in liquid, yield-bearing tokens can directly benefit from the projects they contribute to, fostering a stakeholder economy that prioritizes ownership over mere transaction speed.
โ๏ธ However, achieving inclusivity requires permissionless protocols, which may conflict with institutional compliance demands. Ivo Grigorov, CEO of Real Finance, argues for the importance of neutrality at the base layer:
Compliance should live at the asset and application layer. Institutions donโt need control over the chain itself, but over issuance, access, and risk.
๐ก A study by Coinbase Institute highlights another challenge: the growing disparity between capital income and labor income. This trend leads to illiquid markets and a society where inheritance, rather than work, determines wealth. Grigorov suggests that fractional ownership could be a solution:
On-chain fractional ownership enables global participation in productive assets, even where traditional systems fail.
๐ Finally, balancing transparency with corporate privacy is crucial. Grigorov points out that public ledgers can verify settlement and ownership without revealing sensitive information. Through selective disclosure and encryption, institutions can maintain confidentiality while benefiting from public verification:
The future is verifiable without being exposed.
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๐ Bitcoin is currently trading at $87,867, with a market cap of $1.75 trillion and a 24-hour trading volume of $47.44 billion. The price has been fluctuating between $87,640 and $90,315, indicating a cautious approach from traders. Volatility is decreasing, momentum is weakening, and the price structure suggests a potential significant move ahead.
๐ On the daily chart, Bitcoin is in a short-term corrective phase within a broader sideways movement. After a sharp decline from near $98,000 to around $86,000, where it has found some support, the recovery has been hesitant. It has struggled to reclaim the $92,000 to $93,000 resistance range, which has shifted from being a support area to a barrier.
๐ The 4-hour chart shows a range-bound price action with more volatility than direction. A brief bounce from $86,000 sparked some optimism but faded just below $91,000. Volume patterns indicate skepticism, with heavy selling during the breakdown and a lackluster rebound suggesting a corrective move rather than a trend reversal. As long as Bitcoin remains below $92,000, it will be challenging for bulls to assert their position.
๐ On the 1-hour chart, the price is consolidating between $87,500 and $88,800, showing some buyer interest but lacking a strong commitment to a breakout. A break below $87,300 could lead to a revisit of the $86,000 level.
๐ Most daily chart oscillators indicate a wait-and-see mode. The relative strength index (RSI) is at 41.7, stochastic at 24.6, and other indicators suggest a potential underlying shift that has yet to materialize. Moving averages are also signaling downside pressure, with all timeframes indicating a need for Bitcoin to rise above $92,000 before any bullish narrative can be considered.
๐ช For bullish scenarios to be credible, Bitcoin must hold above $86,000 and reclaim $92,000 decisively. This would allow for a push towards the $97,000โ$98,000 region. However, bearish scenarios dominate as long as Bitcoin remains below $90,000. Failure to maintain the $87,000 level could lead to a deeper decline towards previous demand zones in the low $80Ks.
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