Cointelegraph.com
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Cointelegraph.com - 06:03 Jan 09, 2026
BitMEX says the era of easy money via arbitrage trades likely died in the October crash, as a liquidation spiral left many market makers naked. The massive crypto crash in October decimated market makers, ending an era where crypto traders were able to make easy money, says crypto exchange BitMEX. The crash between Oct. 10 and 11 wiped out $20 billion in the “most destructive event for sophisticated market makers in crypto history,” BitMEX said in its State of Crypto Perpetual Swaps in 2025 report released on Thursday. A feedback loop of auto-deleveraging, where exchanges liquidate profitable, leveraged positions to cover themselves and prevent further losses, broke the market makers’ “‘safe’ delta-neutral strategies,” forcing them to pull liquidity and leave orderbooks at multi-year lows, BitMEX said. Read more -
Cointelegraph.com - 01:33 Jan 09, 2026
Bank of America has upgraded Coinbase's rating on reversing short interest and tax-loss harvesting, while the exchange is broadening its vision to put the financial system onchain. Bank of America has joined Goldman Sachs in lifting Coinbase from “neutral” to “buy” this week, citing Coinbase’s lead role in bringing the financial system on-chain and becoming an “everything exchange.” In a research note released on Thursday, BofA said Coinbase’s expansion from trading to tokenizing real-world assets, including stocks and exchange-traded funds, as well as its move into prediction markets, is positioning it to cross-sell more products to new and future users and lead a “new financial system.” BofA said Coinbase (COIN) shares could rise around 38% from their current price to reach $340 as short interest in COIN reverses, while the tax-loss harvesting pressure seen in late Q4 is easing. Read more -
Cointelegraph.com - 01:30 Jan 09, 2026
New York lawmakers will soon review a bill that seeks to ban certain sports and political event contracts in the state, among others. New York Assemblyman Clyde Vanel has reintroduced legislation to the US state’s lower house that aims to restrict what event contracts prediction markets such as Kalshi and Polymarket can offer. Vanel resubmitted the Oversight and Regulation of Activity for Contracts Linked to Events, or ORACLE Act, to the New York State Assembly on Wednesday, which was first introduced in November and aims to ban certain markets tied to politics, sports, the stock market and others. Prediction markets have gained popularity over the past year and offer bets on a range of events, but markets on sports are a particular money maker, with Foresight Ventures research finding up to 90% of Kalshi’s volume was tied to sports. Read more -
Cointelegraph.com - 22:03 Jan 08, 2026
The offering expands Nexo’s structured lending products to Bitcoin and Ether holders amid a broader recovery in crypto-backed lending. Nexo has launched a zero-interest crypto lending product that allows Bitcoin and Ether holders to borrow against their assets through fixed-term loans. According to a company announcement, the product, called Zero-interest Credit, offers fixed-term loans for users who hold Bitcoin (BTC) and ETH (ETH), with repayment conditions set in advance. Loans are settled at maturity and can be repaid using either stablecoins or collateral, depending on market conditions. The offering expands a structured lending model that had previously been available only through Nexo’s private and OTC channels, where it facilitated more than $140 million in borrowing during 2025, according to the company. Read more -
Cointelegraph.com - 21:42 Jan 08, 2026
The no-action letter comes amid growing acceptance by US regulators of prediction-style markets and event contracts during an election year. The Commodity Futures Trading Commission (CFTC), a US financial regulator, issued a no-action letter to crypto derivatives exchange Bitnomial on Thursday, clearing the way for the exchange to offer event contracts and prediction markets. The CFTC letter alleviates Bitnomial from the strict reporting requirements for asset swaps under current US rules, a hurdle that is impractical for fast-moving platforms like prediction markets, where tens of thousands of these swaps may occur in a day. Bitnomial must still provide transparent consumer-facing data on its website, including timestamps and sales data for contract markets, and provide relevant data to the CFTC when requested, according to the terms of the letter. All positions must also be collateralized, meaning they cannot be leveraged and must be backed 1:1 to ensure liquidity and prevent cascading liquidations that thr... -
Cointelegraph.com - 21:35 Jan 08, 2026
The US president reportedly said he had no intention of pardoning the former FTX CEO, and defended his family’s connections to the crypto industry. US President Donald Trump reportedly will not grant a pardon to Sam “SBF” Bankman-Fried, who is serving a 25-year sentence for his role in the collapse of cryptocurrency exchange FTX. According to a Thursday interview with Trump by The New York Times, the president said he had no intention of pardoning Bankman-Fried and others, including music producer Sean Combs and former New Jersey Senator Robert Menendez. Bankman-Fried has been behind bars since August 2023 when a federal judge revoked his bail before his criminal trial. In the same interview, Trump pushed back against questions regarding potential conflicts of interest with the cryptocurrency industry. The president and his family have connections to the Bitcoin mining company American Bitcoin, the platform behind the USD1 stablecoin World Liberty Financial and through his personal memecoin, Official Trump (... -
Cointelegraph.com - 20:55 Jan 08, 2026
Bitcoin bulls are making a run on $91,000 as start-of-the-year trading volumes highlight the market’s expectation of a positive Q1. Bitcoin’s start of year rally ran into stiff resistance near $93,000, triggering a pullback that has shifted the market’s focus back to key support levels. While the higher-time-frame (HTF) structure still looks fragile, the lower time-frame (LTF) signal suggests bulls may yet have room to regain control if critical levels hold. Key takeaways: Bitcoin rejected at $93,000 for the third time, slipping back toward weekly lows near $89,250. Read more -
Cointelegraph.com - 20:18 Jan 08, 2026
The TRU price fell to $0.0000000029 from $0.16 after the protocol reported a security incident and crypto sleuths tracked stolen Ether. The Truebit protocol reported a security incident “involving one or more malicious actors” with a smart-contract address suggesting the loss of $26 million worth of Ether. In a Thursday X post, Truebit said it was in contact with law enforcement and “taking all available measures” following the security incident. Crypto sleuths monitoring the protocol reported that the exploit had resulted in the removal of 8,535 Ether (ETH), worth about $26.6 million at the time of publication. The affected smart contract address provided by Truebit showed only small amounts of ETH stolen. However, analysis from Lookonchain and other sleuths signaled that the total amount of crypto stolen in the attack was worth more than $26 million. Read more -
Cointelegraph.com - 20:13 Jan 08, 2026
The platform offers a private, non-custodial venue for regulated institutions to trade cryptocurrencies and stablecoins. Temple Digital Group has launched a private, institutional trading platform built on the Canton Network, offering continuous, 24/7 trading of digital assets using a central limit order book and non-custodial market structure. According to an announcement shared with Cointelegraph on Thursday, the platform supports trading in cryptocurrencies and stablecoins and is designed to allow institutions to transact with approved counterparties while maintaining privacy and regulatory oversight, with participants retaining custody of assets rather than relying on a central intermediary. The system is built around a price-time priority central limit order book with sub-second matching and includes execution monitoring and transaction cost analysis tools intended for institutional trading desks, the company said. Read more -
Cointelegraph.com - 19:58 Jan 08, 2026
The wallet, expected to launch this year, will support cryptocurrencies and RWAs as the financial services company adds to its suite of crypto investment products. Morgan Stanley has plans to launch a digital asset wallet in 2026 as the financial services giant continues expanding its crypto investment product offerings to clients. The wallet is built to support cryptocurrencies and real-world tokenized assets (RWAs), including stocks, bonds and real estate, with plans to support more assets over time, according to Barron's. In September, the company announced that it would allow users of the E*Trade brokerage platform, which it owns, to trade cryptocurrencies including Bitcoin (BTC), Solana (SOL) and Ether (ETH) in 2026. Read more -
Cointelegraph.com - 18:14 Jan 08, 2026
The transaction would give the Japanese exchange operator control of the Canadian asset manager, expanding its presence in regulated investment products. Coincheck Group, the Nasdaq-listed holding company behind one of Japan’s largest cryptocurrency exchanges, has agreed to acquire a 97% stake in Canadian digital asset manager 3iQ from its majority owner, Monex Group. The stock-purchase transaction values 3iQ at $111.84 million, using Coincheck Group shares priced at $4 each. Coincheck Group said it intends to offer the same terms to 3iQ’s minority shareholders, which would give it full ownership if the deal is completed. The deal is expected to close in the second quarter, subject to regulatory approvals and other customary conditions. Read more -
Cointelegraph.com - 18:05 Jan 08, 2026
BlackRock added close to 9,000 BTC during the first week of January, rebuilding exposure after an end-of-year drawdown in 2025 and pointing to early signs of BTC accumulation. BlackRock’s fresh round of Bitcoin (BTC) buying takes place alongside a sharp slowdown in long-term selling, a combination that points to cooling downside pressure after the recent market pullback in Q4. Key takeaways: BlackRock added nearly $900 million worth of Bitcoin in the first week of January, rebuilding exposure after an end-of-2025 drawdown. Read more -
Cointelegraph.com - 17:30 Jan 08, 2026
South Korea’s stablecoin rules are stalled as regulators clash over whether banks or fintechs should issue won-backed tokens. Korea’s crypto bill is stalled over stablecoin issuer rules. The central bank wants banks to remain in control, often framed as a “51%” threshold. Regulators and lawmakers fear a bank-only model would limit competition. Read more -
Cointelegraph.com - 17:00 Jan 08, 2026
In the latest Cointelegraph video, we break down the 2026 Bitcoin forecasts from top crypto companies and the trends shaping the market ahead. 2026 could mark the clearest break yet from everything investors thought they understood about Bitcoin cycles. For more than a decade, markets have leaned on the four-year halving model to predict peaks, crashes and recoveries. Under that framework, 2025 should have marked the top, with 2026 shaping up as a painful down year. But a growing number of analysts now say that model is no longer reliable, and the next phase of crypto may look very different. Read more -
Cointelegraph.com - 16:58 Jan 08, 2026
The organization reported more than 2.6 million advocates in the US ahead of the midterm elections that could change the political party in control of Congress. In a year in which the United States will hold elections that could upset the balance of power in Congress, a cryptocurrency advocacy organization backed by Coinbase said its first priority is to “help get federal digital asset market structure legislation signed into law.” In its year-in-review report released on Thursday, Stand With Crypto (SWC) said it had added 675,000 people across the US to its advocacy efforts, bringing its total to 2.6 million. Though SWC said it would continue to mobilize its members “to support pro-crypto candidates in the congressional races” as part of the 2026 midterm elections in the US, its “primary goal” was helping the digital asset market structure bill get through Congress. Read more -
Cointelegraph.com - 16:33 Jan 08, 2026
Bitcoin, gold and silver are now viewed through new lenses of scarcity shaped by market structure, liquidity, access and price expectations. In 2026, scarcity is being repriced through narratives, market access and financial structures rather than simple supply limits. Bitcoin’s scarcity is increasingly mediated by ETFs and derivatives, reshaping how it is accessed and priced in financial markets. Gold’s scarcity is tied less to mining output and more to trust, neutrality and reserve management. Read more -
Cointelegraph.com - 16:09 Jan 08, 2026
The Ethereum co-founder made the case that Ethereum occupies a role similar to the Linux operating system, but for shifting value and risk on the internet. The Ethereum network, a decentralized layer-1 blockchain that executes smart contracts, is analogous to the open-source operating system Linux, according to Ethereum co-founder Vitalik Buterin. Linux and Ethereum are both open source and feature custom-tailored implementations. Linux achieves this through developers building custom modifications of software, while Ethereum does it through its layer-2 (L2) scaling networks, Buterin said. Linux has provided value to “billions” of individuals, enterprises and state governments “without compromising” on its open source ethos or decentralization, Buterin said, adding: Read more -
Cointelegraph.com - 15:53 Jan 08, 2026
Zcash's technical and fundamental catalysts raise the odds of ZEC price declining to as low as $200 in the coming weeks after core developers exited the project. Zcash (ZEC) slid more than 20% on Thursday to about $381, marking its weakest price level in three weeks, as markets reacted to the sudden resignation of the core development team from the Electric Coin Company (ECC). Key takeaways: Chart technicals put $200–$300 as the next downside target for ZEC. Read more -
Cointelegraph.com - 15:26 Jan 08, 2026
Bearish BTC price takes are back in full force as Bitcoin gave back the majority of its 2026 recovery, when bulls failed to overcome $95,000 resistance. Bitcoin (BTC) is still in line for new long-term lows as analysis dismisses recent BTC price gains as a bearish “reset.” Key points: Bitcoin bears appear in control on shorter and longer timeframes as traders see no reason to alter bearish takes. Read more -
Cointelegraph.com - 14:50 Jan 08, 2026
The Polymarket account that profited on Nicholas Maduro's capture and ouster as president is inaccessible, adding to concerns over insider trading allegations on prediction markets. A Polymarket account that earned about $400,000 from a controversial and well-timed bet on the capture of then-Venezuelan President Nicolás Maduro is no longer accessible on the platform. The Polymarket page for account “0x31a56e,” which placed about $32,000 on Maduro’s removal as president just before news emerged of his capture by US military and law enforcement, now returns a dead link, Cointelegraph has confirmed. As of Thursday about 1:00 p.m. UTC, the page showed an error saying “Oops… we didn’t forecast this,” while other users’ pages remain accessible. Read more
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