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A bill in the U.S. state of Kansas to create a strategic Bitcoin reserve has been referred to the Senate Committee on Financial Institutions, The Block reported. The proposed legislation would mandate that all staking rewards and airdrop proceeds from unclaimed digital assets be added to the reserve. It would also prohibit the state treasurer from depositing BTC into the state's general fund.

London-based neobank Revolut is pursuing a new bank license from the U.S. Office of the Comptroller of the Currency (OCC), the Financial Times reported, citing sources. The sources explained that Revolut had initially planned to acquire a local bank to enter the U.S. market but has since withdrawn that plan. The move comes as Revolut explores various market entry strategies while continuing to expand its cryptocurrency services.

Swiss banking giant UBS plans to offer cryptocurrency trading services to some of its private banking clients, Bloomberg reported. The bank is currently in the process of selecting a partner to launch cryptocurrency investment products, though the specific service model has not yet been finalized. As of the end of last September, UBS managed assets worth $4.7 trillion.

Binance has announced it will list SPACE/USDT perpetual futures at 11:45 a.m. UTC today, followed by FIGHT/USDT perpetual futures at 12:15 p.m. UTC. Both contracts will support up to 20x leverage.

Sui (SUI) has announced a partnership with cryptocurrency data analytics firm Nansen. The collaboration will provide developers, builders, and institutions within the Sui ecosystem with access to Nansen's analytics platform, enabling real-time analysis of network activity. Nansen offers AI-based analytical tools, wallet intelligence, and smart money tracking features, allowing users to gain detailed insights into fund flows and other information within the Sui ecosystem.

An address presumed to belong to Hong Kong-based digital asset manager Metalpha withdrew 8,500 ETH, worth approximately $24.85 million, from Kraken and Binance about 22 minutes ago, OnchainLenz reported. Withdrawals from exchanges are typically interpreted as a move to hold assets.

According to CoinNess market monitoring, BTC has fallen below $89,000. BTC is trading at $88,994.65 on the Binance USDT market.

Binance has applied for a license in Greece under the European Union's Markets in Crypto-Assets (MiCA) regulation, Cointelegraph reported. The exchange stated that its application is currently under review by the Greek financial regulator. The move comes after the French Financial Markets Authority (AMF) previously warned that around 90 crypto companies operating in the EU still do not have a MiCA license and could be ordered to suspend operations starting in July if they fail to secure one.

South Korean crypto exchange Bithumb announced that it will temporarily suspend deposits and withdrawals for Tezos (XTZ) starting at 9:00 a.m. UTC on Jan. 24 to support a network upgrade.

Ronghui Gu, founder of global Web3 security firm CertiK, announced plans for an initial public offering (IPO) at the 2026 World Economic Forum (WEF) in Davos, Switzerland. In an interview with CBS, Gu stated that CertiK is actively pursuing the IPO with the goal of becoming the first publicly listed company in the Web3 infrastructure space. He added that the listing of a core infrastructure firm focused on security could enhance the understanding and acceptance of Web3 technology within mainstream financial markets. The development follows a recent large-scale investment in CertiK by EZ Labs, formerly Binance Labs, which has made it the security firm's largest investor.

South Korean apparel company Fashion Group Hyungji has signed a Memorandum of Understanding (MOU) with the Arbitrum (ARB) Foundation, an Ethereum Layer 2 network, to build a stablecoin-based digital payment infrastructure, EToday reported on Jan. 23. The company plans to introduce stablecoin payments across its domestic and international distribution networks to enhance convenience and lower transaction fees.

South Korean crypto exchange Bithumb announced that it will temporarily suspend deposits and withdrawals for 0G to support the token's network upgrade. The suspension will begin at 9:00 a.m. UTC on Jan. 27.

South Korean crypto exchange Coinone announced that it will list Spacecoin (SPACE) at 12:00 p.m. UTC today.

Decentralized satellite-based network project SpaceCoin has released the tokenomics for its native token, SPACE. The total supply is capped at 21 billion tokens, with an initial circulating supply of approximately 10.25% at its Token Generation Event (TGE) on Jan. 23. Listings are planned on centralized exchanges, including Binance Alpha and OKX, as well as on decentralized exchanges. The project explained that the SPACE token will serve as the network's payment and coordination layer. Satellite operators can provide unused communication resources to earn rewards, and network participation will require token staking. SpaceCoin has also set a long-term goal of achieving $1 billion in annual revenue by 2031.

OKX has announced that it will list the SPACE/USDT spot trading pair at 12:00 p.m. UTC today.

Whale Alert reported that 400,000,000 USDC has been transferred from an unknown wallet to Binance. The transaction is valued at about $400 million.

Bitcoin's risk-adjusted returns have deteriorated again, showing signals similar to the 2022 bear market, Coindesk reported, citing data from CryptoQuant. The analysis points to Bitcoin's Sharpe Ratio, a measure of excess return for a given level of risk, which has recently turned negative. This indicates that the cryptocurrency is generating almost no excess returns relative to its risk. This pattern has been observed in the past. During the bear markets of late 2018 and 2022, the Sharpe Ratio remained in negative territory for extended periods, coinciding with a prolonged bearish trend for BTC. While some traders might interpret a negative Sharpe Ratio as a bottom signal, the report cautions that historical precedent shows the condition can persist for several months, making it an unreliable indicator of a short-term rebound.

An address believed to belong to U.S. video game retailer GameStop has deposited its entire holding of 4,710 BTC into Coinbase Prime, CryptoQuant reported. The analytics firm suggested the deposit was likely made with the intent to sell. CryptoQuant noted that GameStop originally purchased the 4,710 BTC at an average price of $107,900, meaning a sale would result in an estimated loss of approximately $76 million.

Binance founder Changpeng Zhao said he has no personal plans to launch new projects and is now primarily focused on investing, Tencent Finance reported. Speaking at the 2026 World Economic Forum (WEF) in Davos, Switzerland, Zhao explained that after experiencing the arduous process of starting a business once, it would be difficult for him to repeat it in the current environment.

Whale Alert reported that 1,000,000,000 USDT has been transferred from Binance to an unknown wallet. The transaction is valued at about $999 million.

Hanwha Asset Management has signed a Memorandum of Understanding (MOU) with the Solana Foundation to expand its digital asset ecosystem, Yonhap Infomax reported. Under the agreement, Hanwha plans to collaborate with the foundation on several initiatives, including education on Solana's tools and ecosystem, the joint launch of Solana-based exchange-traded products (ETPs), and the publication of a guide on suitable custody solutions for the network.

Worldcoin (WLD) will host the 2026 World Build Korea Hackathon in Seoul, a practical event focused on developing Web3 services that require human user verification. Participants will use World ID to design and prototype Miniapps accessible only to verified humans, excluding AI, bots, or Sybil accounts. Potential application areas include AI, Web3, social, gaming, community, and governance. The event features a total prize pool of $5,000, with winning teams receiving networking and collaboration opportunities within the global Worldcoin ecosystem. Participating South Korean blockchain societies and communities include Decipher, Oracle, BADG, Identity, Ewhachain, SKKrypto, Layer-A, and De-Butler. Media partners for the event are Human Labs, TokenPost, CoinNess, and 071 Labs.

Crypto security firm Ledger is pursuing a listing on the New York Stock Exchange, Unfolded reported. The company is reportedly targeting a valuation of $4 billion. Ledger CEO Pascal Gauthier said the company is in discussions with Goldman Sachs, Jefferies, and Barclays about the potential listing.

The following are the 24-hour long/short ratios for BTC perpetual futures on the top three global crypto futures exchanges by open interest: Overall: 49.15% long, 50.85% short 1. Binance: 48.71% long, 51.29% short 2. Bybit: 49.38% long, 50.62% short 3. OKX: 49.3% long, 50.7% short

South Korean crypto exchange Coinone announced it will delist Yala (YALA) at 6:00 a.m. UTC on Jan. 23.