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The Community Bankers Council has asked the Senate for a crypto market structure bill that will ban exchanges and others offering interest on stablecoins. A group of US community bankers is pressuring Congress to change the GENIUS Act to close a supposed “loophole” that allows yield-generating stablecoins to undercut banks. The American Bankers Association’s Community Bankers Council said in a letter on Monday to the Senate that it must tighten the stablecoin regulating bill passed last year to stop stablecoin issuers from offering yield to tokenholders through third parties. “Some companies have exploited a perceived loophole allowing stablecoin issuers to indirectly fund payments to stablecoin holders through digital asset exchanges and other partners,” the group of more than 200 community bank leaders said. Read more
Bitchat developer Calle boldly said, “You can’t stop us” after Uganda threatened to block Bitchat ahead of elections next week. One of the developers of Jack Dorsey’s decentralized messaging app Bitchat has cast doubt on Uganda’s threat to shut down the app ahead of the country’s presidential election. On Monday, the Uganda Communications Commission executive director, Nyombi Thembo, said his team has the technical know-how to turn off Bitchat. Bitchat leverages Bluetooth mesh networks, enabling encrypted communication without the need for an internet connection. Read more
A protocol-level flaw allowed assets to be duplicated rather than minted, prompting a network halt and a governance-led recovery process. The Flow Foundation on Tuesday published a technical post-mortem detailing a protocol-level exploit that occurred on Dec. 27, when an attacker was able to counterfeit tokens on the network, resulting in about $3.9 million in confirmed losses before the exploit was contained. According to the report, the attacker exploited a flaw in Flow’s Cadence runtime that allowed certain assets to be duplicated rather than minted, bypassing supply controls without accessing or draining existing user balances. Validators coordinated a network halt within six hours of the first malicious transaction, while exchange partners froze most counterfeit assets before they could be sold. Flow said the temporary halt placed the network into a read-only mode to sever exit paths and prevent further duplication while the issue was investigated. Operations resumed two days later under an “isolated rec...
MSCI announced it will keep digital asset treasury companies in its global indexes, citing investor feedback and the need for further study on non-operating firms. Shares in Michael Saylor’s Strategy rose 5% after Morgan Stanley Capital International (MSCI) decided not to exclude digital asset treasury companies from its market index, for now. In a note published Tuesday, MSCI said digital asset treasury companies (DATCOs) would, however, be subject to broader consultations to distinguish between investment companies and other companies that hold digital assets as part of their core operations. The MSCI identifies DATCOs as companies in which digital assets make up 50% or more of their total assets. The continued inclusion ensures that DATs are still eligible for passive index funds, sustaining demand and liquidity while broadening institutional ownership of digital assets. Exclusion could have seen Strategy and other DATs lose billions of dollars in passive capital inflow. Related: Bitcoin advocate Machado i...
Canaan‘s pilot program will use the miner‘s liquid cooling systems to supplement the power needed to heat intake water for the greenhouses, helping grow tomatoes. Hardware manufacturer and Bitcoin miner Canaan has continued its initiative of reusing energy for commercial and consumer applications by making compute heat available for greenhouses in Canada. In a Tuesday notice, Canaan said it would participate in a 3 megawatt (MW) proof-of-concept with Bitforest Investment in the province of Manitoba to “recover heat from an Avalon computing system and use the heat as a supplemental source for greenhouse operations.” The pilot program, expected to run for an initial 24 months, will use Canaan’s liquid cooling systems to capture heat and preheat the intake water for the greenhouses, reducing the energy required. Read more
The Solana-native token is backed by USDtb and USDC and is designed to serve as a settlement asset across Jupiter’s DeFi stack. Jupiter, a Solana-based DeFi protocol and trading platform, has launched JupUSD, a dollar-pegged stablecoin issued natively on Solana and developed in partnership with Ethena Labs. In an X post on Monday, Jupiter said 90% of the stablecoin’s reserves will initially be held in USDtb, a licensed stablecoin collateralized by shares of BUIDL, BlackRock’s tokenized money-market fund. The remaining 10% will be held in USDC as a liquidity buffer, with a secondary pool on Meteora. In an announcement shared with Cointelegraph, Jupiter said that JupUSD is issued as an SPL token, Solana’s standard token format, allowing it to integrate across Solana-based applications. The reserves are custodied by Porto through Anchorage Digital and verifiable onchain. Read more
The former CFTC commissioner and Donald Trump’s first pick to chair the agency will join investment company SUI Group's board and support the company’s treasury strategy. US President Donald Trump’s former pick to chair the Commodity Futures Trading Commission (CFTC) has joined the SUI Group’s board of directors. In a Tuesday notice, the SUI Group said former CFTC Commissioner Brian Quintenz’s appointment to its board would strengthen its “regulatory and policy leadership” amid the company’s digital asset treasury strategy. The company reported holding 107,743,979 Sui (SUI), worth about $200 million at the time of publication, as of the third quarter of 2025. Quintenz served as a CFTC commissioner under Trump from 2017 to 2021 and later as the global head of policy for a16z crypto. He joined the board of directors for prediction market platform Kalshi in 2021, and worked as an adviser to cryptocurrency exchange Crypto.com from 2021 to 2022. Read more
Bitcoin’s liquidation map is still heavily biased toward downside liquidity, but a swift rally to $100,000 could quickly turn the tables in the bulls’ favor. Bitcoin’s (BTC) sharp 7.4% rebound kick-started the first week of January and has shifted markets’ focus back to futures positioning, where liquidation data suggests the price action may be asymmetric. Key takeaways: Over $10.6 billion in long liquidations sit below $84,000, versus just $2 billion in shorts above $104,000. Read more
The midterm elections in November could cause some Senate Democrats to withhold support for the Responsible Financial Innovation Act due to conflict of interest concerns. Investment bank TD Cowen reportedly warned that the 2026 midterm elections in the United States could pull support needed to pass a digital asset market structure bill under consideration in the Senate. According to reports, TD Cowen’s Washington Research Group said on Monday that the market structure bill, named the CLARITY Act when passed by the US House of Representatives in July but called the Responsible Financial Innovation Act in the Senate, was more likely to pass Congress in 2027, with final implementation potentially in 2029. According to the investment bank, Senate Democrats could withhold support for the bill with elections that could potentially change the balance of power in Congress, currently favoring Republicans. The lawmakers could delay or stall on the bill until after the midterms, after which time another party may be in...
ETH’s price chart shows a confirmed double bottom pattern with a $3,900 price target. Here are the necessary factors to make it happen. Ether’s (ETH) 10% rise in January has refocused analysts’ attention on the daily chart, where the price structure points to higher prices but only if a key daily trend is reclaimed. Key takeaways: Ether is close to completing a daily double bottom targeting the $3,900 level. Read more
The stablecoin issuer says its Scudo unit could make gold easier to transact digitally as prices surge and institutional demand accelerates. Tether has introduced a new unit of account tied to its digital gold token, XAUT, in a move aimed at lowering barriers to fractional gold ownership at a time when institutional investors and central banks are accumulating the precious metal at record levels. On Tuesday, the stablecoin issuer unveiled Scudo, a unit of account representing one-thousandth of a troy ounce of gold. Each Scudo corresponds to 1/1,000 of an XAUT token, Tether’s gold-backed asset. XAUT is supported by more than 1,300 gold bars held in custody and currently has a market capitalization of roughly $2.3 billion, according to Tether. Read more
Bitcoin halted its gains as sellers came out to suppress BTC price upside close to $95,000, with the key weekly close target now in place. Bitcoin (BTC) struggled to continue its rebound at Tuesday’s Wall Street open as attention focused on $95,000 sellers. Key points: Bitcoin faces resistance as it approaches a large area of seller interest at $95,000. Read more
The new products offer indirect, regulated exposure to companies building stablecoin and real-world asset infrastructure as adoption accelerates. MarketVector Indexes has launched two new benchmarks focused on stablecoin and real-world asset tokenization (RWA) infrastructure, alongside the debut of two exchange-traded funds from US issuer Amplify ETFs designed to track the indexes. According to Tuesday’s announcement, the MarketVector Stablecoin Technology Index and the MarketVector Tokenization Technology Index are designed to give investors regulated exposure to companies and digital asset products involved in stablecoin issuance, payments and settlement, as well as platforms supporting tokenized RWAs. The company also announced the launch of two funds from Amplify ETFs tied to the new benchmarks. The Amplify Tokenization Technology ETF (TKNQ) tracks the tokenization-focused index, while the Amplify Stablecoin Technology ETF (STBQ) follows the stablecoin benchmark. Read more
As Iran’s rial hits record lows, Bitcoin is resurfacing in public discourse. Its decentralized design is often cited as a contrast to state-managed fiat currencies. Iran’s 2025 currency collapse sharply reduced the rial’s purchasing power, eroding household savings, pushing prices higher and weakening confidence in the banking system. As fiat stress intensified, public debate in Iran widened to include financial alternatives. Bitcoin entered these discussions largely because it operates outside domestic monetary and banking frameworks. Historical cases from Argentina, Lebanon and Turkey point to a recurring pattern. When national currencies lose credibility, digital assets tend to receive greater attention in public discourse. Read more
XRP mirrors gold’s past breakout pattern, fueling speculation of an $8–$10 rally in 2026 if the fractal continues to play out. XRP (XRP) is on track to repeat gold’s multiyear rally in 2026, according to analyst Steph is Crypto. Key takeaways: XRP is tracking gold’s past breakout structure, supporting $8–$10 targets if the fractal holds. Read more
Crypto-treasury stocks can fall harder than the coins they hold. Leverage, valuation premiums, dilution risk and equity market structure amplify downside moves. Not long ago, companies marketed crypto-treasury stocks as a straightforward investment. They purchased shares to gain exposure to Bitcoin (BTC) or other digital assets while benefiting from the liquidity and regulatory oversight of public markets. In rising markets, this approach was effective. Shares of companies with substantial crypto holdings frequently outperformed the underlying assets, attracting investors who wanted crypto exposure without directly owning tokens. Read more
Telegram’s H1 2025 revenue climbed 65% to $870 million, while Toncoin write-downs and $500 million in frozen bonds have added pressure. Update (Jan. 6, 1:20 pm UTC): This article has been updated with a statement from Telegram. Cryptocurrency-friendly messenger Telegram boosted its operating revenue in 2025 as it explores a potential initial public offering (IPO). Telegram’s revenues hit $870 million in the first half of 2025, up 65% from $525 million a year earlier, the Financial Times reported on Tuesday, citing unaudited financial statements. Read more
The investment banking giant’s filings for Bitcoin and Solana ETFs follow an uptick in investor demand for regulated crypto investment vehicles, driven by the new year’s “clean-slate” effect. Update Jan. 6, 12:57 p.m. UTC: This article has been updated to include a paragraph on Morgan Stanley’s prior involvement with cryptocurrency funds. US investment bank Morgan Stanley has filed with the US Securities and Exchange Commission to launch two cryptocurrency exchange-traded funds (ETFs), one tied to Bitcoin and the other to Solana, as Wall Street firms push deeper into regulated digital-asset products. The proposed Morgan Stanley Bitcoin (BTC) Trust and the Morgan Stanley Solana (SOL) Trust will function as “passive investment” vehicles that hold and track the performance of the underlying tokens, according to Tuesday’s filings with the SEC. Read more
Polymarket updated its documentation to show taker-only fees on short-term crypto markets, with proceeds redistributed to market makers as liquidity rebates. Prediction market platform Polymarket updated its documentation to show that 15-minute crypto up/down markets now carry taker fees, marking a departure from its long-standing zero-fee trading model. According to the newly updated “Trading Fees” and “Maker Rebates Program” sections of the site’s documentation, the prediction markets platform has enabled taker-only fees on 15-minute crypto markets to fund liquidity incentives for market makers. Fees collected from takers are redistributed daily in USDC (USDC) stablecoin to liquidity providers, rather than retained by the protocol. The change applies only to these short-duration crypto markets, while the vast majority of Polymarket’s markets remain without fees. Read more
BitMEX is rolling out 24/7 Equity Perps that use crypto as collateral for exposure to major US stocks and indexes, as exchanges from Bitget to Kraken race to bring equities onchain. BitMEX is expanding beyond crypto-native markets with the launch of Equity Perps, a new line of perpetual swap contracts that provide 24/7, crypto‑collateralized exposure to major US stocks and indexes like Apple, Tesla, Nvidia, the S&P 500 and the Nasdaq, according to a press release shared with Cointelegraph. The product mirrors the role perpetual swaps played in reshaping crypto markets with non-expiring, funding‑rate‑based, highly leveraged exposure — now applied to equities that have traditionally been confined to limited market hours. The move comes as onchain access to equities is showing signs of traction. Bitget recently reported that cumulative spot trading volume for tokenized stocks on its platform had surpassed $1 billion, with roughly 95% of that volume generated in December alone, driven in part by surging demand fo...6565 items