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Ethereum network fees have hit their lowest level since May 2017, according to Glassnode.

President Trump said he will raise tariffs on South Korean goods to 25%, citing delays in trade negotiations.

Visa has secured 90% of on-chain card transaction volume by leveraging its early infrastructure partnerships, according to a report from Unfolded.

The three major U.S. stock indices closed higher. The S&P 500 rose 0.50%, the Nasdaq Composite gained 0.43%, and the Dow Jones Industrial Average added 0.64%.

Ju Ki-young, CEO of CryptoQuant, stated on X that Bitcoin is a risk-off asset, similar to gold and silver. He added that if the market continues to treat Bitcoin as a risk-on asset, it is undervaluing the cryptocurrency.

Valour, a subsidiary of crypto ETP issuer DeFi Technologies, has secured approval from the UK's Financial Conduct Authority (FCA) to offer crypto exchange-traded products to retail investors, Cointelegraph reported. Following the approval, the company's 1Valour Bitcoin (BTC) Physical Staking and 1Valour Ethereum (ETH) Physical Staking products began trading on the London Stock Exchange on Jan. 26.

The crypto prediction market platform Polymarket has signed an exclusive licensing agreement with Major League Soccer (MLS), the top professional soccer league in the United States, The Block reported. Under the agreement, Polymarket will serve as the prediction market partner for MLS, covering events such as the MLS Cup, conference matches, and the All-Star Game.

Coinbase CEO Brian Armstrong announced on X that the company has established an advisory council focused on quantum computing and blockchain. Armstrong stated that security is a top priority at Coinbase and that it is crucial for the industry to prepare for threats, even those that are still years away. He explained that the advancement of quantum computers could impact the blockchain and cryptocurrency ecosystem, necessitating a systematic review of the associated risks and proactive preparation of necessary responses.

Bitwise has launched its first on-chain vault through the DeFi lending protocol Morpho, The Block reported. The vault deploys USDC in overcollateralized lending markets and targets a yield of up to 6%. Jonathan Man, Head of Multi-Strategy Solutions at Bitwise, explained that the vault may support other stablecoins and crypto assets in the future. He added that the firm could also expand into various DeFi strategies, such as RWA tokenization and providing liquidity to decentralized exchanges.

The U.S. Marshals Service (USMS) is investigating the suspected embezzlement of more than $40 million in cryptocurrency from a government wallet by the child of an employee at a federal contractor, according to CoinDesk. The contractor, CMDSS, provides IT services to the Department of Defense and Department of Justice and is responsible for managing cryptocurrency seized by law enforcement. On-chain analyst ZachXBT noted that it is unclear how the son of CMDSS President Dean Daghita gained access to the wallet or whether his father granted him the authority.

Sui (SUI) announced on X that it has begun accepting applications for its Sui Hydropower Fellowship, a support program for early-stage founders. The program is targeting founders in several key areas, including real-world asset (RWA) tokenization, prediction markets, gamified trading, DeFAI (AI + DeFi), and incentive design.

The combined market capitalization of the top 12 stablecoins has decreased by $2.24 billion over the past 10 days, according to on-chain analytics firm Santiment. Over the same period, Bitcoin's price fell by approximately 8%. Santiment noted that this trend suggests a broader shift in capital flows, with funds moving from risk assets like cryptocurrencies to traditional safe havens such as gold and silver, which have recently hit all-time highs. The firm explained that a shrinking stablecoin supply indicates investors are converting their holdings to fiat currency and exiting the market. This reduction in liquidity could limit buying pressure in the short term, potentially slowing the pace of any market rebound.

Russia has banned transactions with cryptocurrency exchange WhiteBIT for its support of Ukraine, CoinDesk reported. The country has designated the exchange and its parent company, W Group, as Undesirable Organizations, making all related activities within Russia illegal. Russian authorities stated that since the war began in February 2022, the companies have supported the Ukrainian military with financial and technical infrastructure and planned money laundering operations to move funds abroad. WhiteBIT, a global crypto exchange founded in Ukraine, has provided at least $11 million in aid to the Ukrainian military, with approximately $1 million of that amount reportedly used to purchase drones.

Stablecoin issuer Tether (USDT) purchased 27 tons of gold in the fourth quarter of last year, Unfolded reported. The gold is valued at approximately $4.4 billion based on current prices.

A Brazilian Federal Supreme Court judge is reviewing election regulations, including a ban on the use of cryptocurrency in political campaigns, DL News reported. The review is expected to be completed by March, ahead of the country's general election on Oct. 3. This follows a Supreme Court announcement in February 2024 that it would maintain the existing ban. The media outlet noted that the court's reconsideration suggests impending reforms in Brazil and other nations. As cryptocurrency gains popularity in Brazil, more politicians are advocating for its adoption ahead of this year's election, with the issue expected to be a decisive factor for some voters. Previously, Brazilian presidential hopeful Renan Santos cited the example of El Salvador's President Nayib Bukele, stating that Brazil could also gradually build up its Bitcoin reserves.

Investment platform Republic Europe has launched a product allowing retail investors to indirectly invest in cryptocurrency exchange Kraken, The Block reported. The offering is structured as a Special Purpose Vehicle (SPV), which offers investors indirect exposure to fluctuations in Kraken's valuation without requiring them to hold company shares directly.

Brian Armstrong, CEO of U.S. cryptocurrency exchange Coinbase, has predicted that even the most ardent critics will one day use cryptocurrency on a daily basis. He added that due to the nature of the technology, they may not even realize they are doing so.

A weaker U.S. dollar is not currently providing a significant boost to Bitcoin, according to an analysis reported by CryptoPotato. The report cited GugaOnChain, a CryptoQuant contributor and on-chain analyst, who explained that a weaker dollar only serves as a catalyst for a Bitcoin rally when macroeconomic conditions such as high inflation and abundant liquidity are present. In the current market, which is characterized by widespread fear and a strong risk-off sentiment, investors tend to prefer assets with a long-established role as a store of value, such as gold. The analyst added that if a dollar devaluation stems from a crisis of confidence and extreme risk aversion, cryptocurrencies typically decline alongside the stock market.

U.S. investment bank Jefferies stated in a recent report that the proposed CLARITY Act could become an inflection point for a surge in tokenization among traditional financial institutions, CoinDesk reported. The report noted that maturing blockchain infrastructure and greater regulatory clarity are laying the groundwork for this trend. However, it emphasized that clearer regulations, including a more precise definition of the U.S. crypto market structure, are essential. While the passage of the CLARITY Act remains uncertain, Jefferies believes its impact on financial institutions, blockchain-based companies, and the broader tokenization industry could materialize sooner than expected.

Asakura Tomoya, CEO of Japanese financial giant SBI Global Asset Management, has criticized the country's reported 2028 timeline for approving cryptocurrency spot ETFs and implementing new tax reforms, calling the plan "too late." His comments on X followed a Nikkei Shimbun report that Japan's Financial Services Agency (FSA) is expected to permit trading of spot crypto ETFs, including for Bitcoin, by 2028. Asakura argued that the response is too slow to keep up with global trends and that Japan risks falling behind the U.S., China, and other Asian competitors in crypto adoption. He urged the government to approve spot crypto ETF trading as soon as possible.

The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have postponed their joint event on cryptocurrency, originally scheduled for Jan. 27. The event will now be held on Jan. 29 from 7:00 p.m. to 8:00 p.m. UTC. Titled "SEC-CFTC Harmonization: U.S. Financial Leadership in the Age of Crypto," the event will take place at CFTC headquarters and be livestreamed on the SEC website and other platforms. Attendees will include SEC Chairman Paul S. Atkins and CFTC Chairman Michael Selig.

Nasdaq-listed Sharps Technology, which is strategically investing in Solana (SOL), has released its first report on revenue generated from staking its SOL holdings. According to The Block, the company stated that its staking strategy has consistently maintained high returns since establishing its SOL treasury. Sharps Technology noted it has achieved an average annual staking yield of approximately 7%, excluding fees, through its validator partners. The company currently holds 2 million SOL, valued at around $250 million, with the majority of the assets staked. This positions Sharps Technology as the fifth-largest publicly traded company strategically holding SOL.

A database containing the login credentials for approximately 149 million user accounts has been found exposed online, according to the Helsinki Times. The leak was first discovered by cybersecurity researcher Jeremiah Fowler, who noted that the database was publicly accessible without any password protection or encryption. The exposed data included 48 million Gmail accounts, 17 million Facebook accounts, 6.5 million from Instagram, four million from Yahoo, and 3.4 million from Netflix. Notably, the database also contained credentials for 420,000 accounts from the world's largest cryptocurrency exchange, Binance. The owner of the database has not yet been identified.

Kraken has launched a new decentralized finance (DeFi) deposit product called DeFi Earn in Canada, the European Economic Area (EEA), and the U.S., The Block reported. The product offers an annual percentage yield (APY) of up to 8%. Kraken stated that the product will provide users of centralized exchanges with an easier opportunity to generate DeFi yields. The company also noted that while withdrawals are generally processed immediately upon request, temporary delays could occur during periods of low liquidity, a risk distinct from centralized systems.

U.S. asset manager VanEck announced on Jan. 26 the launch of the first Avalanche (AVAX) Exchange Traded Product (ETP) in the United States. According to an official statement, the product, named the VanEck Avalanche ETF (VAVX), will be added to the firm's lineup of digital asset-focused funds. Despite its name, the product is not an ETF approved by the Securities and Exchange Commission (SEC) and is considered a trust product.