Bitcoin led with $405 million of outflows last week, with the US shedding $569 million, as several altcoins and European funds posted modest inflows. Crypto investment products posted significant outflows last week, with a four-day run of withdrawals erasing part of the $1.5 billion in inflows seen during the first two trading days of 2026. Crypto exchange-traded products (ETPs) saw $454 million in outflows last week, European crypto asset manager CoinShares reported on Monday. “This turnaround in sentiment appears to stem mainly from investor worries over the diminishing prospects of a Federal Reserve interest rate cut in March following recent macro data releases,” CoinShares’ head of research, James Butterfill, said in the update. Read more
Star Xu defended freezing $40,000 in stablecoins after a user admitted buying verified accounts, with the exchange citing strict KYC and AML obligations. Update Jan. 12, 11:34 am UTC: This article has been updated to include a response from OKX. OKX founder and CEO Star Xu defended the exchange’s asset-freezing policies after a user accused the platform of locking up $40,000 in stablecoins held in accounts that were purchased rather than registered under the user’s own identity. The user, who goes by the name Captain Bunny on social media, said in a Sunday X post that OKX froze about $40,000 worth of Global Dollar (USDG) stablecoins after triggering risk controls tied to four accounts. The user said the funds were needed to cover medical expenses for his elderly father. Read more