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Bitcoin (BTC) fell to third place in trading volume in South Korea during 2025, marking the first time it has dropped out of the top two spots, according to a report from Digital Asset. The analysis reviewed trading volumes against the South Korean won for the top eight digital assets by market capitalization—BTC, ETH, USDT, XRP, USDC, SOL, TRX, and DOGE—from 2013 to 2025. XRP recorded the highest trading volume last year at approximately 335 trillion won, followed by USDT in second place.

South Korea’s Financial Services Commission (FSC) has refuted a media report claiming the agency proposed a disclosure standard for digital asset investments by listed companies at 3% of their own capital. The FSC clarified that its position on corporate investment limits and disclosure standards has not been decided. The commission explained that a public-private task force is still discussing various opinions on a plan for professional investment firms, including listed companies, to participate in the virtual asset market.

According to CoinNess market monitoring, BTC has risen above $90,000. BTC is trading at $90,000 on the Binance USDT market.

The Sui (SUI) network announced via X that it can process hundreds of thousands of transactions per second (TPS) and provide sub-second block finality through its Mysticeti consensus engine. The network also noted that its parallel processing structure enables faster execution for owned-object transactions compared to general processing. Sui launched the Mysticeti V2 upgrade in November 2023.

Dan Romero, founder of the decentralized social media platform Farcaster, announced on X that the platform's services will not be discontinued despite its acquisition by Web3 social network tool developer Neynar.

U.S. spot Ethereum ETFs recorded $41.94 million in net outflows on Jan. 22, marking the third consecutive day of net outflows, according to data from Trader T. - BlackRock ETHA: -$44.41 million - Bitwise ETHW: -$15.16 million - Grayscale ETHE: +$7.92 million - Grayscale Mini ETH: +$9.71 million

Decentralized exchange Aster (ASTER) announced via its official X account that it will list SpaceCoin (SPACE) for spot trading at 12:00 p.m. UTC on Jan. 23, followed by the launch of SPACE perpetual futures two hours later at 2:00 p.m. UTC. The spot market will support the SPACE/USD1 trading pair. The listing is the seventh round of Aster's Rocket Launcher program, which supports early-stage cryptocurrency projects. In conjunction with the listing, Aster will run a trading campaign until Feb. 2, offering a total of $150,000 in ASTER and 15.75 million SPACE as rewards. To participate, users must trade SPACE spot and futures and maintain a minimum balance of 444 ASTER in their Aster and Binance wallets during the campaign period.

U.S. spot Bitcoin ETFs recorded $32.07 million in net outflows on Jan. 22, marking the fourth consecutive day of withdrawals, according to data compiled by Trader T. The outflows were driven by funds from BlackRock and Fidelity, while all other spot Bitcoin ETFs recorded no net flows for the day. - BlackRock IBIT: -$22.31 million - Fidelity FBTC: -$9.76 million

The Bank of Japan has held its benchmark interest rate steady at 0.75%.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - ETH: $60.28 million liquidated (80.33% longs) - BTC: $41.70 million liquidated (82.32% longs) - RIVER: $13.86 million liquidated (72.73% shorts)

The South Korean exchange Upbit announced it will temporarily suspend deposits and withdrawals for 0G starting at 5:00 p.m. UTC on Jan. 27 due to a network hard fork.

YZi Labs, formerly known as Binance Labs, has announced its participation as a strategic investor in the Initial Public Offering (IPO) of cryptocurrency custody firm BitGo on the New York Stock Exchange (NYSE: BTGO). Previously, BitGo's stock closed 25% above its public offering price on its first day of trading on the NYSE.

U.S. financial firm Capital One has agreed to acquire San Francisco-based fintech company Brex for $5.15 billion, Decrypt reported. The deal is a strategic move by Capital One to expand its corporate payments and expense management business and strengthen its competitiveness against software-based financial platforms. Last September, Brex announced plans to launch a native, USDC-based stablecoin payment feature.

While the Bitcoin (BTC) derivatives market shows signs of caution regarding short-term downside risk, most traders anticipate a period of consolidation rather than a significant further decline, according to a Cointelegraph report citing Laevitas data. The report notes that the most active options strategies, such as the long straddle and long iron condor, are primarily focused on volatility rather than directional bets. This suggests that large-scale investors and market makers expect BTC to trade sideways and accumulate near the $89,500 level instead of experiencing another sharp sell-off. Furthermore, long-to-short ratios on major exchanges do not indicate extreme bearish sentiment. The ratio for top traders on Binance has risen to 2.18, while leading accounts on OKX have increased their long positions even after Bitcoin failed to hold the $90,000 support level.

An address associated with the team behind the DeFi yield protocol Pendle deposited 1.8 million PENDLE, worth $3.83 million, to Bybit seven hours ago, EmberCN reported. The same address had previously received a total of 1.8 million PENDLE, worth $260,000 at the time, from a token vesting contract between April 2022 and April 2023.

Binance has announced the launch of a WLFI airdrop campaign valued at $40 million for users who hold USD1 in at least one of their Spot, Funding, Margin, or Futures accounts. According to an official announcement, the campaign will run from 12:00 a.m. UTC on Jan. 23 to 12:00 a.m. UTC on Feb. 20. A total of 10 million WLFI will be distributed each week over the four-week period, with the first airdrop scheduled for Feb. 2.

CoinMarketCap's Altcoin Season Index has fallen two points from yesterday to 30. The index determines whether it is an "altcoin season" by comparing the price performance of the top 100 coins by market capitalization, excluding stablecoins and wrapped coins, against Bitcoin. An altcoin season is declared if 75% of the top 100 coins have outperformed Bitcoin over the past 90 days. A reading closer to 100 indicates a stronger altcoin season.

According to data from crypto options exchange Deribit, Bitcoin options with a notional value of $1.9 billion are set to expire at 8:00 a.m. UTC on Jan. 23. These contracts have a put/call ratio of 0.81 and a max pain price of $92,000. Additionally, Ethereum options worth $347 million will expire at the same time, featuring a put/call ratio of 0.84 and a max pain price of $3,200.

The Crypto Fear & Greed Index rose four points from yesterday to 24, though it remains in the extreme fear category, according to data from Alternative. The index measures market sentiment on a scale of 0 (extreme fear) to 100 (extreme optimism). It is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).

Bitmine has staked an additional 171,264 ETH, valued at approximately $500 million, according to on-chain data analyst Onchain Lens. This brings the company's total staked holdings to 1,943,200 ETH, worth an estimated $5.73 billion.

The Democratic Party's KOSPI 5,000 Special Committee has proposed to President Lee Jae-myung that South Korea's next goal should be to achieve a KOSDAQ index of 3,000 by utilizing digital assets, the Maeil Business Newspaper reported exclusively. During a luncheon at the Blue House on Jan. 22, Democratic Party lawmaker Min Byeong-dug reportedly conveyed the idea to the president, who was said to have listened attentively. Min argued that allowing KOSDAQ-listed startups and other companies to use instruments like security tokens (STO) and won-denominated stablecoins could vitalize the market. He also asserted that the development of stablecoins should not be centered around banks.

The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are scheduled to hold a joint event on cryptocurrency next Tuesday, CoinDesk reported. The two agencies held a similar meeting last September to signal an end to their jurisdictional disputes. They have also previously issued joint statements on cooperation and co-hosted roundtables on prediction markets and decentralized finance (DeFi). The event, which begins at 3:00 p.m. UTC on Tuesday, will feature brief introductions from the chairs of each agency followed by a panel discussion.

President Trump said he will impose a 25% tariff on all countries that trade with Iran.

Nasdaq has eliminated the 25,000-contract position limit for options on BTC and ETH ETFs, Cointelegraph reported. The exchange filed a proposed rule change with the U.S. Securities and Exchange Commission (SEC) to enact the change, which took effect on Wednesday.

The stablecoin market capitalization has effectively entered a period of stagnation due to factors including stricter regulations, Cointelegraph reported, citing Jimmy Xue, co-founder of the quantitative yield protocol Axis. Xue explained that more stringent regulatory frameworks in the U.S. and Europe have increased compliance costs, slowing the pace of stablecoin issuance. He also noted that higher real yields on U.S. Treasury bonds have created alternative options for generating returns beyond holding stablecoins. The report highlighted that the current stablecoin market cap is holding steady at around $310 billion, a stark contrast to the period from January 2024 to early 2025 when the circulating supply more than doubled.