Hong Kong has officially put its Stablecoin Ordinance into effect, requiring issuers of fiat-backed stablecoins to get a license from the Hong Kong Monetary Authority. The rules include strong compliance, reserve, and risk management standards to protect investors and ensure stability. This year, the government will also submit a full framework for crypto trading, custody, …
New product lets companies manage cash, stablecoins and tokenized funds in one system, cutting cross-border settlement times from days to seconds.
Tron's increased Bitcoin reserves could strengthen its market position and influence, highlighting Bitcoin's central role in crypto stability.
The post Justin Sun says Tron will boost Bitcoin reserves after Binance call appeared first on Crypto Briefing.
US spot Bitcoin ETF flows turned negative for January after a series of outflows this week totaling nearly $1 billion, data from SoSoValue show.
Questions are already surfacing over whether Bitcoin is still in the expansion phase that many market participants assume it is. However, a crypto expert opted for a conservative stance, arguing that when Bitcoin is analyzed through traditional cycle theory and macroeconomic indicators, the primary cycle may already be complete. This crypto expert, Tony Severino, challenged popular bullish claims from “snake oil salesmen” and instead pointed to economic data and historical patterns that show the Bitcoin cycle has already transitioned into a different phase. PMI And ISM Datan Shows Where Bitcoin Is According to Tony Severino, Bitcoin’s bullish cycle is already over, and analysts saying otherwise are pushing a fairy tale that may or may not come true. Severino’s outlook is based on the U.S. ISM Purchasing Managers’ Index, which he views as a reliable macro gauge for cyclical behavior. Related Reading: Global Liquidity Says Bitcoin Is Extremely Undervalued – Here’s The ‘Real’ Figure The PMI data shown in the chart below highlights a clear pattern of lower highs and lower lows, which is a signal of a weakening manufacturing environment. According to Severino, real cycles are measured from trough to trough, not from speculative projections of future upside. From that perspective, the current PMI structure means that the cycle has already peaked and is now rolling over. At the time of writing, this index is sitting around 47.9. Severino warned that a sustained move below the 46 level would change the PMI from a local pullback into a more pronounced intermediate downtrend. A drop beneath 41.6 would carry even more serious implications, as that level would fall below the COVID-era low. Such a move would leave only extreme historical comparisons, including conditions last seen during the 2007-2009 Great Financial Crisis or the stagflation period of the 1970s and early 1980s. Therefore, this macro backdrop directly challenges the idea that Bitcoin is on the verge of a guaranteed new bullish phase. Severino also took direct aim at popular Bitcoin valuation models that compare BTC to gold or rely on long-term projections detached from economic reality. The current reality is that Bitcoin is lagging behind gold and silver, which are attracting consistent inflows in contrast to Bitcoin’s show of fatigue around $80,000. Bullish Conviction To Bearish Targets Severino’s current stance is notable because it is a significant difference from his outlook before the current cycle began, when he was very bullish on Bitcoin. His recent analysis, shown in the chart below, shows Bitcoin breaking below a moving average on the monthly candlestick timeframe. This is notable because similar breakdowns in previous years were followed by drawdowns averaging around 50%. Related Reading: Analyst Reveals How Far Bitcoin Price Will Crash If The Uptrend Doesn’t Continue The chart highlights multiple instances where Bitcoin suffered declines of 40% to over 60% after losing this type of technical support. Based on that historical behavior, Severino has floated a downside target of at least $45,000 before another bullish reversal. Featured image from Getty Images, chart from Tradingview.com
This is a familiar story for those who have been in crypto for a while. Bitcoin crashes, rebounds, and a few altcoins follow after. Yet, that small- or medium-cap crypto with promising fundamentals never followed through. The question investors won't say aloud: Why did my token never catch the recovery bid? The answer has less […]
The post Altcoins outside the top 10 won’t recover when Bitcoin finally rebounds, and here’s why appeared first on CryptoSlate.
DeFi's composability creates cascading exploit risks while protocols handle risk idiosyncratically. Institutional adoption demands TradFi-style standardized frameworks.
Binance Coin (BNB) price extended its decline on Friday as the broader crypto market slid into a risk-off phase. BNB price fell more than 6% intraday, extending losses after failing to reclaim the psychologically important $900 level. The move comes amid a wider selloff across Bitcoin and major altcoins, where rising liquidations and tightening macro …
President Donald Trump on Friday formally announced the nomination of former Federal Reserve governor Kevin Warsh as chairman of the Board of Governors of the Federal Reserve System, confirming weeks of speculation over who would succeed Jerome Powell. “I am pleased to announce that I am nominating Kevin Warsh to be the Chairman of the …
A tentative deal in Washington has eased some shutdown fears, but with key votes still pending, crypto, gold and silver are trading through liquidity jitters and foreign policy risk.
Your day-ahead look for Jan. 30, 2026
President Trump announced Kevin Warsh as his pick for Federal Reserve chair following a sharp surge in prediction market odds overnight.
El Salvador has quietly joined the growing list of nations increasing their exposure to gold, announcing a $50 million purchase through its central bank. The acquisition comes at a time when gold prices remain near record highs, driven by persistent macroeconomic uncertainty, geopolitical risks, and weakening confidence in traditional financial systems. For El Salvador, the …
The president confirmed his pick on Friday to replace the incumbent Jerome Powell when his term ends in May.
The Brazilian digital bank announced it received conditional OCC approval to provide deposit accounts, credit cards, lending and digital asset custody in the United States.
President Trump has officially chosen former Federal Reserve governor Kevin Warsh to be the next Federal Reserve Chair, replacing Jerome Powell, with Senate confirmation still pending. Warsh, who served on the Fed from 2006 to 2011 and later worked in economic research and policy, is seen as experienced but likely to favor tighter monetary policy, …
Warsh's leadership could influence U.S. monetary policy direction, impacting global economic stability and financial markets' confidence.
The post Trump taps Kevin Warsh to lead the Federal Reserve appeared first on Crypto Briefing.
Bitcoin’s recent drop has left traders searching for answers. But according to Arthur Hayes, the reason has little to do with crypto itself. The former BitMEX CEO says the weakness in Bitcoin is tied to something much bigger – a sharp drain in U.S. dollar liquidity happening behind the scenes. Arthur Hayes Explains Why Bitcoin …
The move comes as the Ethereum Foundation enters a period of “mild austerity” while sticking to its core technical roadmap, Buterin said.
Binance is laying the groundwork for a serious push into South Korea, with plans to fully repay GoFi users in 2026 and then challenge the country’s dominant crypto exchanges. Speaking to The Block, Binance APAC head SB Seker said resolving the long-running GoFi restitution issue is the company’s top priority and a necessary step before …
Crypto markets fell further overnight as bitcoin and ether extended losses, metals tumbled and liquidation pressure hit leveraged traders across derivatives markets.
Still, Bitcoin often rebounds toward its energy value after long downtrends, with one model pointing to a fair price near $121,000.
Analysts point to tight liquidity and a broad risk pullback as BTC fell toward $81,000 and U.S. crypto ETFs saw over $1 billion in outflows.
Gold and silver prices retreated after scaling record highs as traders moved to lock in profits following an extended rally. The weakness spilled into equities, with the S&P 500, Nasdaq, and technology stocks sliding sharply. Market sentiment turned cautious after earnings from Microsoft raised concerns around slowing AI-related spending. Crypto markets mirrored the broader risk-off …
Gold and silver prices retreated after scaling record highs as traders moved to lock in profits following an extended rally. The weakness spilled into equities, with the S&P 500, Nasdaq, and technology stocks sliding sharply. Market sentiment turned cautious after earnings from Microsoft raised concerns around slowing AI-related spending. Crypto markets mirrored the broader risk-off …
The crypto market is once again showing strong confidence in Bitcoin after gold prices crashed nearly 10% today. Tron blockchain founder Justin Sun said he plans to increase Bitcoin holdings. Meanwhile, his statement came soon after Binance announced it would move its entire $1 billion SAFU reserve into Bitcoin, choosing to buy BTC during the …
The broader crypto market is under heavy pressure today, with Bitcoin, Ethereum, and XRP posting sharp losses as a broad selloff sweeps across digital assets. Bitcoin has fallen nearly 6%, while Ethereum and XRP are down close to 7%, marking one of the most aggressive downside moves in recent weeks. The decline has rapidly shifted …
Matt Hougan, the chief investment officer at Bitwise Asset Management, said he thinks Solana could plausibly become a trillion-dollar asset within five years—an outcome that would roughly translate into a ~$1,600 SOL price on a simple market-cap-per-token basis, depending on circulating supply. Hougan made the remarks on the Jan. 29 episode of When Shift Happens, framing his Solana view through what he called a “two ways to win” setup: growth in the addressable market (stablecoins and tokenized assets), plus an increasing share captured by Solana versus competing networks. Why Solana Could Hit $1,600+ Within 5 Years Hougan argued that the “infrastructure market” for stablecoins and tokenization is expanding quickly enough that large, liquid L1s should be valued less like niche crypto experiments and more like enabling rails for traditional finance. “The US Secretary of Treasury expects the stablecoin market to 12x over the next four years,” he said, adding that Larry Fink has described a future where “every asset, every fund, ETF, stock, bond, real estate will be tokenized.” From there, his Solana thesis leaned heavily on relative positioning. Ethereum remains the incumbent in stablecoins and tokenization, Hougan said, but Solana is “a legit competitor with an interesting technological differentiation,” and crucially “it’s extraordinarily easy to use and the community has a ship first attitude.” Related Reading: Solana Scores Major Institutional Adoption As WisdomTree Goes On-Chain That usability point, in his view, is underpriced by investors who focus on benchmark-style comparisons. “I think ease of use is a killer app that’s underrated by investors,” Hougan said. “Investors like to talk about throughput and they like to talk… TPS… who cares about this? …For an end user who’s trading, who’s on-ramping, ease of use is the killer app. And Solana is just easy to use, just dead easy to use.” Hougan also acknowledged a common investor blind spot: token supply dynamics can separate price action from market cap growth. He noted that Solana’s market value can rise meaningfully even if the token price revisits prior highs, and suggested staking yield partially offsets dilution, citing “roughly like 7% a year.” Another thread in the discussion was how regulation shaped institutional behavior. Hougan said Solana’s footprint in stablecoins and tokenization was constrained during the prior US regulatory environment, arguing that institutions “couldn’t build on Solana” if they believed it sat “outside of the regulatory perimeter.” With that cloud lifting, he said, mandates are starting to broaden. He also described why the ETF wrapper matters more for a smaller asset. “You put a little bit of inflows into an ETF package and they’re chasing a relatively small supply of Solana,” Hougan said. “It’s one of the best setups for an asset that I’ve ever seen because you have this small constrained size, you have significant institutional demand, you have stablecoins and tokenization… you put all that together and it seems like a winner.” Still, he avoided hard price targets and instead stayed in market-cap terms. “In 5 years I think it could be a trillion dollar asset. I think that’s relatively easy to imagine,” he said. “It’s hard to give a precise target because it depends on the pace of growth on stablecoins and tokenization. It depends on whether Congress passes the Clarity Act. It depends on the sort of crypto market cycles.” E156: @Matt_Hougan from @BitwiseInvest – $6.5M Bitcoin and the strongest Solana setup ever? This might be the most bullish yet rational episode we’ve done on the future of crypto: why debasement, institutional flows & tokenization are just getting started. Timestamps: 0:00… pic.twitter.com/WMqvKL7pCj — MR SHIFT ???? (@KevinWSHPod) January 29, 2026 On simple market-cap math, a $1 trillion Solana valuation implies a four-figure token price depending on supply. The relationship is straightforward: token price equals market cap divided by supply. Using Solana’s circulating supply of roughly 566 million SOL, a $1 trillion market cap works out to about $1,766 per SOL ($1,000,000,000,000 ÷ 566,000,000). Related Reading: Solana Pauses After 20% Drop — This Key Level Could Decide What’s Next If you instead use a fully diluted-style denominator closer to 619 million SOL, the same $1 trillion market cap implies roughly $1,615 per SOL ($1,000,000,000,000 ÷ 619,000,000). In other words, Hougan’s “trillion-dollar asset” framing maps to something like the mid-$1,000s per token on today’s supply assumptions, with the exact number moving as supply changes. Notably, Hougan’s Solana call sat alongside a broader macro narrative he returned to repeatedly: monetary debasement pushing investors toward scarce and non-sovereign stores of value. On Bitcoin, he argued the “two ways to win” are the store-of-value market expanding and Bitcoin taking share from gold, an arc he said could drive multi-million-dollar BTC over decades if the last 10–15 years of adoption trends persist. For Solana, the equivalent is less about being “digital gold” and more about becoming a primary venue for stablecoin flows and tokenized securities. If those rails scale and if Solana continues gaining share as a high-velocity, institution-friendly network, Hougan’s trillion-dollar scenario implies the market is still pricing the opportunity too conservatively. At press time, SOL traded at $115.40. Featured image created with DALL.E, chart from TradingView.com
The bitcoin-to-gold ratio rebounded from recent lows, mirroring a pattern seen in the 2019-2020.
While Fed chair speculation drives uncertainty across equities, rates, and crypto.