Kalshi is free to continue operating in Tennessee for now, as a federal judge blocked state regulators from taking action after the prediction market sued.
Securities and Exchange Commission chair Paul Atkins voiced strong support for the bipartisan legislation aimed at moving crypto markets out of a regulatory gray zone.
After a brief rebound, crypto bulls have hit the brakes. Most top tokens are trading flat, with Bitcoin price holding its recent gains and Ethereum price staying firm above $3,100, signaling steady demand. Now, the market is heading into a three-day catalyst cluster that could trigger sharp, headline-driven swings. Key U.S. events line up back-to-back …
On-chain data revealed that a wallet linked to the token's deployer removed $2.5 million in liquidity, prompting accusations of a possible rug pull.
A Columbia Business School professor debunked five banking industry misunderstandings about stablecoin yields as the market structure bill heads for markups this month.
Dogecoin started a fresh decline below the $0.1450 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.140. DOGE price started a fresh decline below the $0.1420 level. The price is trading below the $0.140 level and the 100-hourly simple moving average. There is a key declining channel forming with resistance at $0.1395 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could extend losses if it stays below $0.1400 and $0.1420. Dogecoin Price Dips Again Dogecoin price started a fresh decline after it closed below $0.1500, like Bitcoin and Ethereum. DOGE declined below the $0.1450 and $0.1420 support levels. The price even traded below $0.140. A low was formed near $0.1348, and the price is now showing bearish signs. It is consolidating below the 23.6% Fib retracement level of the downward move from the $0.1539 swing high to the $0.1348 low. Dogecoin price is now trading below the $0.140 level and the 100-hourly simple moving average. If there is a recovery wave, immediate resistance on the upside is near the $0.1390 level. The first major resistance for the bulls could be near the $0.140 level. There is also a key declining channel forming with resistance at $0.1395 on the hourly chart of the DOGE/USD pair. The next major resistance is near the $0.1420 level. A close above the $0.1420 resistance might send the price toward the $0.1445 resistance or the 50% Fib retracement level of the downward move from the $0.1539 swing high to the $0.1348 low. Any more gains might send the price toward the $0.150 level. The next major stop for the bulls might be $0.1540. More Losses In DOGE? If DOGE’s price fails to climb above the $0.1400 level, it could continue to move down. Initial support on the downside is near the $0.1350 level. The next major support is near the $0.1320 level. The main support sits at $0.1280. If there is a downside break below the $0.1280 support, the price could decline further. In the stated case, the price might slide toward the $0.120 level or even $0.1180 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.1350 and $0.1320. Major Resistance Levels – $0.1400 and $0.1420.
The NYC Token, which had a pretty rocky start, has been created to fight antisemitism, according to former New York City Mayor Eric Adams.
As the January 15 markup of the crypto market structure bill—known as the CLARITY Act—draws closer, reports indicate that Coinbase (COIN) is reconsidering its support for the legislation. A Monday report from Bloomberg suggests this shift in position is contingent on whether the anticipated bill includes provisions beyond enhanced disclosure requirements tied to stablecoin rewards. High Stakes For Coinbase The CLARITY Act is expected to be marked up in at least one Senate committee this Thursday, and Coinbase’s potential withdrawal could have significant implications for the bill. A source familiar with Coinbase’s stance told Bloomberg that the exchange would re-evaluate its support if the legislation veers too far from its interests, particularly regarding stablecoin incentives. Some insiders suggest the bill might restrict the ability to provide rewards to regulated financial institutions, a move that aligns with the banking sector’s concerns about losing deposits to crypto platforms. Related Reading: Dogecoin Breaks Its ‘Lower-Band Prison’ As Daily Trend Flips Coinbase currently holds applications for a national trust charter that could permit it to offer those kinds of rewards under regulatory rules. However, many crypto-native firms are pushing back against potential restrictions, arguing that such measures could disrupt competition in the market. The stakes for Coinbase are high, as rewards programs play a crucial role in its business model. The exchange allows users to earn 3.5% rewards on Circle’s USDC holdings. Should the market-structure bill include bans on these incentives, fewer users might choose to hold stablecoins on the platform. This could jeopardize an anticipated revenue stream projected at $1.3 billion in 2025, according to Bloomberg. Banking Vs. Crypto The GENIUS Act, passed into law in July of last year, prohibits stablecoin issuers from offering interest on token holdings, and does not prevent third-party partners like Coinbase from providing rewards tied to customer balances. The banking industry, however, argues that allowing exchanges to pay such rewards could negatively impact bank deposits and, consequently, community lending. As reported by Bitcoinist over the past month, the American Bankers Association (ABA) has voiced concerns that this situation could displace “billions” from local lending, allegedly harming small businesses and households. In contrast, Faryar Shirzad, Coinbase’s chief policy officer, has argued that maintaining rewards tied to stablecoins is crucial for preserving the dollar’s dominance, especially in light of China’s announcement to start offering interest on its digital yuan. Banking Lobby Fights Back A potential compromise being discussed would permit only licensed banking entities or financial institutions to provide rewards on stablecoin balances. Related Reading: Why The $2.9 Billion Bitcoin Whale Buy Could Spell Doom For The Market Recently, five crypto firms, including Ripple, Circle, and Paxos, received conditional approvals from the US Office of the Comptroller of the Currency (OCC) to become national trust banks, a move met with opposition from the banking lobby. If restrictions are indeed imposed, the report suggests that this could lead to creative workarounds as crypto firms seek alternative ways to reward customers. Featured image from DALL-E, chart from TradingView.com
The rapid devaluation of NYC Token highlights the volatility and potential risks in crypto markets, raising concerns about investor protection and transparency.
The post Ex-NYC Mayor Eric Adams’ NYC Token tanks over 80% as team allegedly manipulates trading activity appeared first on Crypto Briefing.
On-chain data shows unexplained liquidity withdrawals as Eric Adam’s NYC token’s market cap continues to bleed.
XRP price extended losses and traded below $2.080. The price is now attempting to start a fresh increase and faces hurdles near the $2.120 level. XRP price started a fresh decline below the $2.10 zone. The price is now trading below $2.10 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2.080 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it stays below $2.10. XRP Price Turns Red XRP price failed to stay above $2.150 and started a fresh decline, like Bitcoin and Ethereum. The price declined below $2.120 and $2.10 to enter a short-term bearish zone. The price even spiked below $2.050. A low was formed at $2.034, and the price is now consolidating losses. There was an attempt to clear $2.10, but the bears remained active. There is also a key bearish trend line forming with resistance at $2.080 on the hourly chart of the XRP/USD pair. The price is now trading below $2.10 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $2.080 level and the trend line. The first major resistance is near the $2.120 level. It is close to the 23.6% Fib retracement level of the downward move from the $2.415 swing high to the $2.034 low. A close above $2.120 could send the price to $2.20. The next hurdle sits at $2.220 or the 50% Fib retracement level of the downward move from the $2.415 swing high to the $2.034 low. A clear move above the $2.220 resistance might send the price toward the $2.280 resistance. Any more gains might send the price toward the $2.320 resistance. The next major hurdle for the bulls might be near $2.350. More Losses? If XRP fails to clear the $2.10 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.020 level. The next major support is near the $2.00 level. If there is a downside break and a close below the $2.00 level, the price might continue to decline toward $1.950. The next major support sits near the $1.920 zone, below which the price could continue lower toward $1.880. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.020 and $2.00. Major Resistance Levels – $2.10 and $2.120.
XRP may be setting up for a final, cleaner long entry if the broader market delivers one more volatility-driven pullback, according to CryptoinsightUK’s Will Taylor, who says his preferred “risk to reward” zone sits materially below current support. The thesis hinges on whether Bitcoin prints a double-bottom-style retest and drags major alts into deeper liquidity pockets before the next leg higher. In his Jan. 10 newsletter, Taylor framed early 2026 as a market caught between two plausible paths: a familiar pullback-and-recover structure that has defined prior Bitcoin dips, or a continuation higher that leaves would-be buyers watching price run away. “The question mark for me is whether we do get a wick below this ascending trend line into that double bottom area and then push higher,” he wrote, adding that the setup is crowded. “On the other side of this, it does make you think that everyone is probably looking at the same structure and waiting for something like this to play out.” Taylor said he had closed short-term trades during the week, not as a shift in his higher-timeframe view, but as a response to what he described as low-timeframe conditions and event risk. “Today we get the ruling on tariffs in the US. Is that going to provide some volatility?” he asked, pointing to a cluster of geopolitical headlines as potential catalysts that could either produce the pullback he’s watching for—or “deceive people… who are waiting for a pullback, and instead continue higher from here and leave those orders behind.” Related Reading: Spot XRP ETFs Hit Record Trading Volume In Past Week — Details Taylor’s shorter-term trade framework leans heavily on liquidity positioning, using Ethereum as a key tell for what Bitcoin might do next. He argued ETH “kind of favours the double bottom scenario” because “the amount of liquidity that has built up for ETH down to about $2,600” is heavier below than above on the hourly chart, an imbalance he views as a magnet if the market attempts to rally without first clearing that downside interest. One Last Buying Opportunity For XRP? That same logic carries into his XRP plan. Taylor said XRP has already “swept the highs of the range first,” forcing a decision point between holding a nearer support band—his “first blue box”—or fading into a deeper demand zone. “Now the discussion becomes whether we move into the first blue box as a weaker area of support and hold there… or whether we come back down into the deeper support zone around $1.90 to $1.82 and hold there,” he wrote. “That deeper area is my preferred risk to reward zone for placing long positions, and that is where I will be looking to get back into an XRP long and add to my position if we see that move specifically.” He added that the daily RSI on XRP was “close to crossing bearish,” presenting a technical backdrop that, in his view, supports the case for one more washout before trend continuation while stressing it does not alter his higher-timeframe bullish thesis. Related Reading: Ripple Builds ‘Next Amazon’ With XRP At The Center, Says Crypto CEO Taylor then pivoted to a more stimulative medium-term narrative, citing talk of “putting 200 billion into additional mortgage backed security purchases to cut mortgage rates,” along with suggestions of potential stimulus checks and the inflation sensitivity of oil prices. “Because of all of this, I think we’re going to see an epic rally. I don’t think people are really expecting the size or the scale of the move that could come,” Taylor wrote. “I believe we’re in the final shakeout period before the market really starts to march higher.” He said he remained “around 95% exposed to the market through spot positions,” framing the decision to close short-term trades as “a capital protection mechanism.” His minimum XRP price target is $3.40 and extends to $4.40 based on liquidity in the medium term. Long-term, he says that the argument for the $8-$12 range is still valid, as reported last week. Separate commentary in the newsletter from analyst @thecryptomann1 highlighted what “confirmation” would look like on Bitcoin: a reclaim of roughly $105,000, a push through, and a successful retest. He cited “a huge amount of volume around this region” and alignment with bull market support bands, arguing that regaining them would shift the read from “relief rally” to something more durable. He also pointed to USDT dominance sitting on a multi-year trend line but showing weakness, including being “trapped below the 20 EMA” with RSI “below 50” and rolling over conditions that, if they resolve lower, could align with a risk-on breakout in majors. At press time, XRP traded at $2.05. Featured image created with DALL.E, chart from TradingView.com
A partial draft of the Senate's legislation shows the bill remains blank on stablecoin rewards and has some protections for decentralized finance, but they're weaker than before.
The bill aims to define when and how crypto developers can face liability, as enforcement actions have intensified the debate.
DAXA published a statement criticizing the government's proposal to cap major shareholder stakes in crypto platforms at 15-20%.
A new ruling freezes a state cease-and-desist order while the court considers whether Kalshi’s CFTC-regulated platform is shielded from state gambling laws.
The court's decision highlights ongoing tensions between state regulations and emerging digital platforms, impacting future market operations.
The post Court temporarily blocks Tennessee regulators’ action against Kalshi appeared first on Crypto Briefing.
The POTUS demanded tech giants cover data center power costs as US consumption surged, with Microsoft first to make changes this week.
Ethereum price failed to clear the $3,160 resistance and dipped again. ETH is now consolidating and might make another attempt to surpass $3,200. Ethereum started a downside correction below $3,180 and $3,150. The price is trading below $3,120 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,085 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it stays above the $3,080 zone. Ethereum Price Starts Consolidation Ethereum price failed to surpass $3,150 and trimmed gains, like Bitcoin. ETH price declined below $3,120 and $3,120 to enter a short-term bearish zone. The last major swing low was formed at $3,050 before the price started a consolidation phase. There was a minor upward move above $3,130, and the 23.6% Fib retracement level of the recent decline from the $3,308 swing high to the $3,050 low. However, the bears are active near $3,150 and $3,180. Ethereum price is now trading below $3,120 and the 100-hourly Simple Moving Average. Besides, there is a key bullish trend line forming with support at $3,085 on the hourly chart of ETH/USD. If the bulls can protect more losses below $3,080, the price could attempt another increase. Immediate resistance is seen near the $3,120 level. The first key resistance is near the $3,180 level and the 50% Fib retracement level of the recent decline from the $3,308 swing high to the $3,050 low. The next major resistance is near the $3,200 level. A clear move above the $3,200 resistance might send the price toward the $3,265 resistance. An upside break above the $3,265 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,320 resistance zone or even $3,350 in the near term. Downside Break In ETH? If Ethereum fails to clear the $3,150 resistance, it could start a fresh decline. Initial support on the downside is near the $3,085 level and the trend line. The first major support sits near the $3,050 zone. A clear move below the $3,050 support might push the price toward the $3,000 support. Any more losses might send the price toward the $2,925 region. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,080 Major Resistance Level – $3,150
Meta’s Reality Labs is set for cuts as the firm’s metaverse budget continues to decline amid push toward artificial intelligence development.
Markets pulled $454 million from crypto exchange-traded products last week as investors stepped back amid rising bets that the US Federal Reserve may not cut rates soon. Related Reading: CZ Fuels Optimism As Binance Coin’s $1,000 Target Trends According to CoinShares data and market reports, the move erased much of the early-week gains that had pushed roughly $1.5 billion into the sector during the first two trading days. The shift was sharp and broad, though a few assets saw money flow in. Smart Money Flees Bitcoin While Some Altcoins Attract Cash Bitcoin-linked products bore the brunt of withdrawals, with about $405 million leaving Bitcoin ETPs. Ethereum funds were also hit, posting roughly $116 million in outflows. Multi-asset crypto products reported net redemptions near $21 million. Based on reports, these outflows came as recent inflation and jobs data made investors lower the odds of a March Fed rate cut, weakening appetite for risk assets that had been boosted by earlier optimism. Selective Inflows Show Pockets Of Interest But not all tokens were abandoned. XRP funds drew around $46 million in fresh money, while Solana products attracted about $33 million. Smaller tokens, including some newer layer-one projects, picked up modest flows as investors hunted for opportunities beyond the main leaders. Total assets under management across global crypto ETPs remained near $182 billion, a figure that shows scale despite the weekly redemptions. Regional Patterns Reveal US Outflows And Overseas Inflows According to regional flow data, US-linked crypto investment products saw roughly $569 million exit last week. That outflow contrasted with inflows in some European and North American markets: Germany attracted about $59 million, Canada added $25 million, and Switzerland drew roughly $21 million. The pattern suggests capital moved away from US vehicles and into other jurisdictions where investor appetite held up better. What Traders And Analysts Are Saying Based on reports from market analysts, the reversal came as traders reassessed the timing of monetary easing. With inflation readings remaining firmer than expected and the labor market showing resilience, market pricing shifted and risk assets were repriced. Some analysts warned that volatility could persist while others noted that pockets of demand for specific altcoins might support short-term rallies. Related Reading: Bitcoin’s Next Peak Might Ignite ADA’s Rally, Says Cardano Creator According to observers, the outflows highlight how sensitive crypto fund flows are to macroeconomic signals. While $454 million is a meaningful weekly move, the sector’s overall AUM near $182 billion means a single week does not rewrite the market picture. Investors will likely watch upcoming economic releases and Fed communications closely; fund flows are expected to respond quickly to any sign that rate-cut hopes are returning or fading further. Featured image from Gemini, chart from TradingView
Senate Agriculture Committee Chairman John Boozman says he's delayed work on a crypto market structure bill to have more time to secure bipartisan support.
The Blockchain Regulatory Certainty Act aims to clarify that writing software and maintaining networks don’t trigger federal or state money-transfer requirements.
Exempting non-custodial blockchain developers from money transmitter laws could boost innovation and protect privacy rights in the US.
The post Senators Lummis and Wyden push bill to exempt non-custodial blockchain developers from money transmitter laws appeared first on Crypto Briefing.
Leverage has been flushed, and spot demand remains soft, keeping bitcoin range-bound while token unlocks and thin liquidity drive sharp, narrative-led moves in select altcoins.
Bitcoin price started a consolidation phase below $92,000. BTC is holding the $89,500 support and might attempt to start a fresh increase. Bitcoin started a recovery wave above $90,000 and $90,500. The price is trading above $91,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $90,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it stays above the $90,000 zone. Bitcoin Price Stays In A Range Bitcoin price managed to stay above the $89,500 support and started a minor recovery wave. BTC was able to settle above $90,000 and $90,500. The bulls were able to push the price above $91,500, and the 23.6% Fib retracement level of the downward move from the $93,770 swing high to the $89,225 low. However, the price seems to be facing a major hurdle near the $92,000 level. The 50% Fib retracement level of the downward move from the $93,770 swing high to the $89,225 low is acting as a resistance. Besides, there is a bullish trend line forming with support at $90,650 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $91,000 and the 100 hourly Simple moving average. If the price remains stable above $90,500, it could attempt a fresh increase. Immediate resistance is near the $92,000 level. The first key resistance is near the $92,800 level. The next resistance could be $93,450. A close above the $93,450 resistance might send the price further higher. In the stated case, the price could rise and test the $94,000 resistance. Any more gains might send the price toward the $94,500 level. The next barrier for the bulls could be $95,000 and $95,500. Another Drop In BTC? If Bitcoin fails to rise above the $92,000 resistance zone, it could start another decline. Immediate support is near the $91,000 level. The first major support is near the $90,650 level and the trend line. The next support is now near the $90,000 zone. Any more losses might send the price toward the $89,500 support in the near term. The main support sits at $89,250, below which BTC might accelerate lower in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now near the 50 level. Major Support Levels – $91,000, followed by $90,650. Major Resistance Levels – $92,000 and $92,800.
The Kraken-affiliated company was built for the purpose of effecting a merger with one or more operating businesses.
Quantum resistance, scalable architecture, and a better block-building model that resists centralization pressures are needed if Ethereum is to pass the test of time.
XRP is attempting to stabilize above the $2 level after enduring several days of sustained selling pressure, as the broader market searches for direction. While price action has cooled from recent highs, the latest data suggests that activity around XRP remains balanced rather than distressed. According to metrics shared by Arab Chain via CryptoQuant, trading behavior shows no signs of panic or speculative excess despite the recent pullback. Related Reading: CVDD Model Signals Bitcoin Is Not Yet Deeply Undervalued: Drawdown Lags Historical Cycles Data sourced from Binance indicates that XRP’s 30-day Z-Score for trading volume is currently around 0.44. This reading places current volume slightly above its 30-day average, but still well within a historically normal range. Importantly, Z-Score values above +2 are typically associated with aggressive inflows and speculative surges, while deeply negative readings tend to signal market apathy or liquidity drying up. XRP’s current position in the positive-neutral zone suggests neither scenario is playing out. This context matters. Rather than reflecting capitulation or renewed hype, the data points to a market that is digesting prior moves. As XRP holds above $2, the absence of abnormal volume spikes implies that recent selling pressure may be easing, setting the stage for consolidation or a more deliberate next move once conviction returns. XRP Volume Z-Score Signals Market Equilibrium The report explains that this behavior suggests XRP’s recent price action was not fueled by a speculative frenzy, but instead reflected relatively balanced trading between buyers and sellers. Despite XRP managing to hold above the $2 level, the absence of an elevated volume Z-Score indicates that the market is not experiencing excessive excitement. Rather, conditions point to a phase of consolidation or potential accumulation following the volatility seen in previous weeks. This type of Z-Score reading commonly appears during periods of anticipation, when participants wait for a clearer directional catalyst. In such environments, price can remain range-bound as liquidity stays stable and neither side gains decisive control. If XRP’s price begins to move higher while the Z-Score rises above the 1.5–2.0 range, it would suggest fresh capital entering the market and could mark the beginning of a stronger, momentum-driven advance. That combination would provide clearer confirmation of renewed demand. On the other hand, if trading volume contracts further and the Z-Score remains near zero or slips into negative territory, it would imply fading interest. Under those conditions, XRP could face renewed downside pressure or extend its sideways consolidation as liquidity thins. The current Z-Score does not deliver a clear buy or sell signal. Instead, the data highlights a stable market environment. Any meaningful move now requires volume confirmation to establish its robustness. Related Reading: Ethereum Long-Term Cost Basis Holds Firm: Structural Floor Forms Near $2.8K XRP Price Struggles to Reclaim Key Moving Averages XRP is currently trading near the $2.05 level after a prolonged period of selling pressure, as shown on the daily chart. The recent rebound from sub-$1.90 levels suggests that buyers are attempting to defend the psychological $2.00 zone, which has acted as an important pivot throughout this cycle. However, price action remains structurally weak, with XRP still trading below its major moving averages. The chart shows XRP firmly below the 200-day moving average (red line) near the $2.55–$2.60 area, a level that now represents a critical medium-term resistance. The 100-day and 50-day moving averages (green and blue lines) are also sloping downward, reinforcing the bearish trend that began after the failed breakout above $3.50 in late 2025. Each attempt to recover has been capped by these dynamic resistance levels, signaling persistent distribution rather than aggressive accumulation. Related Reading: Bearish Signal Emerges For Ethereum As US Spot Demand Fades From a market structure perspective, XRP continues to print lower highs and lower lows, despite the short-term bounce. Volume has remained relatively muted during the recent recovery, suggesting limited conviction behind the move. This supports the idea that the rebound is corrective rather than the start of a new impulsive trend. For bullish momentum to regain credibility, XRP must reclaim and hold above the $2.30–$2.40 region, followed by a break above the 200-day moving average. Until then, the prevailing structure favors consolidation or further downside risk. Featured image from ChatGPT, chart from TradingView.com
Former NYC Mayor Adams is a vocal advocate for the city's crypto sector, and previously supported the 'NYC Coin' and BitBond initiatives.