Live Feed

The yield on the U.S. 10-year Treasury note has climbed to 4.27%, its highest level in four months, creating downward pressure on risk assets including Bitcoin, according to CoinDesk. The media outlet attributed the increase to threats of European tariffs by U.S. President Donald Trump, which has raised the possibility of European nations selling off their U.S. Treasury holdings. As the 10-year Treasury yield is a global benchmark for borrowing costs, its rise can lead to higher rates for mortgages, corporate loans, and auto loans, straining the broader economy. The analysis noted that the cryptocurrency market has also experienced a downturn in response to the yield volatility sparked by these geopolitical risks.

Bitcoin's failure to break out of its multi-month trading range has raised the possibility of a further price decline. According to Cointelegraph, Daan Crypto Trades analyzed that BTC has fully returned to the $84,000-$94,000 range it maintained for the past two months, identifying the 2026 opening price of around $87,000 as a potential support level. Separately, Keith Alan, co-founder of the crypto market data platform Material Indicators, noted that a death cross has occurred between the 21-week and 50-week moving averages. He stated that this pattern has historically preceded the formation of long-term market bottoms and suggested a rebound could occur near the 100-week moving average at approximately $86,000.

Mind Network, a Fully Homomorphic Encryption (FHE) infrastructure protocol, has announced the launch of its x402z testnet, a solution designed to support payments between autonomous AI agents. According to an official post on X, the x402z layer utilizes FHE technology to enable on-chain transaction verification without publicly disclosing the details. The system is built on Mind Network's FHE validation network and the ERC-7984 token standard, which was co-developed with open-source cryptography developer Zama. Users can participate by connecting a wallet to the official Mind Network website. On the testnet, they can swap standard test tokens for ERC-7984-based tokens to hold encrypted assets and simulate payment processes for AI services. Mind Network stated that complete transparency can undermine the competitiveness of AI systems, emphasizing that an infrastructure allowing AI agents to make autonomous payments while maintaining business confidentiality will become an essential feature.

The DeFi protocol Makina has been exploited for approximately $5 million from its DUSD/USDC pool, according to blockchain security firm CertiK. The attacker used a flash loan to manipulate an oracle before draining the entire pool. Makina, a protocol with a total value locked (TVL) of $100.49 million, has not yet officially acknowledged the incident but stated that an investigation is underway. The protocol is advising its liquidity providers to withdraw their funds.

Companies holding cryptocurrency reserves have continued to accumulate Bitcoin, Santora (formerly IntoTheBlock) reported via X. These firms have purchased a total of 23,000 BTC so far this month, bringing their total holdings to 1,913,908 BTC, which accounts for 9.5% of the circulating supply.

Whale Alert reported that 500,000,000 USDC has been transferred from an unknown wallet to Binance. The transaction is valued at about $500 million.

Bitcoin is approaching an optimal entry point for dollar-cost averaging (DCA) as it nears its 720-day moving average of $86,000, according to an analysis by BeInCrypto. The outlet noted that BTC has traded below most of its moving averages since November of last year and is now approaching this final support line, a zone that has historically served as an ideal DCA opportunity. The analysis also highlighted two other bullish signs. First, network growth has slowed to a multi-year low. While this may appear negative in the short term, such periods of stagnation have often preceded major rallies. Second, exchange data indicates a sharp decline in selling pressure from large holders. Monthly BTC deposits to exchanges from this cohort have fallen from $8 billion in late November 2025 to a current level of $2.74 billion. However, BeInCrypto cautioned that macroeconomic uncertainties, such as the potential resumption of tariff wars amid geopolitical tensions, remain a key variable for the market.

South Korea's ruling Democratic Party has decided not to include regulations on cryptocurrency exchange ownership in its proposed Digital Asset Basic Act, Hankyung TV reported. The bill is also set to address the introduction of a won-backed stablecoin. Following a closed-door meeting of the party's Digital Asset Task Force today, chairman Lee Jeong-mun said there was a general consensus that including the ownership rules would be problematic due to timing and legislative strategy. Previously, South Korea's Financial Services Commission had considered a plan to limit a single major shareholder's stake in a crypto exchange to 20%.

OKX has announced the delisting of seven spot tokens: ULTI, GEAR, VRA, DAO, CXT, RDNT, and ELON. The exchange will remove the USD trading pairs for these assets on Jan. 27 between 8:00 a.m. and 10:00 a.m. UTC. The corresponding USDT pairs will be delisted on Jan. 30 during the same time frame.

The Abstract Chain blockchain network has entered the top 10 networks by revenue, with a total value locked (TVL) of $30.68 million. This places its revenue above that of established chains such as Avalanche (AVAX) and Near Protocol (NEAR). In a statement, Abstract Chain noted that while many networks have high TVL, they often generate low revenue. The project emphasized that the velocity of capital and the level of activity on its applications are more critical metrics. Abstract Chain stated it has an industry-leading Revenue Generation Ratio relative to its TVL, arguing that a protocol's value is determined by how productively its assets are used, not just accumulated. The project cited Hyperliquid and pump.fun as key examples of this principle.

Major exchanges have seen $104 million worth of futures liquidated in the past hour. In the past 24 hours, $280 million worth of futures have been liquidated.

LINE NEXT has signed a memorandum of understanding (MOU) with JPYC Inc. to utilize the Japanese yen stablecoin JPYC in its services, Newsis reported. The partnership will focus on introducing JPYC to a forthcoming stablecoin wallet based on the LINE Messenger platform, while also exploring ways to enhance payment functions and provide rewards.

The 24-hour long/short ratios for BTC perpetual futures on the world's top three crypto futures exchanges by open interest are as follows: Overall: Long 48.4% / Short 51.6% 1. Binance: Long 47.81% / Short 52.19% 2. OKX: Long 49.41% / Short 50.59% 3. Bybit: Long 46.05% / Short 53.95%

The Democratic Party, South Korea's ruling party, is discussing its own version of a second-phase digital asset bill focused on stablecoins, according to a report from SBS Biz. Lawmaker Lee Jeong-moon of the party's Digital Asset Task Force stated that even if the government does not submit a unified proposal today, the party will move forward by consolidating the key issues from five previously proposed bills to create its own draft. Key points of contention include defining which entities are permitted to issue stablecoins and placing limits on the stakes of major shareholders in digital asset exchanges. Should these issues be resolved and the bill drafted today, the Democratic Party plans to discuss it alongside proposals from the opposition People Power Party and the government during a National Assembly National Policy Committee meeting next month.

A recent surge in Ethereum network activity may be attributable to large-scale address poisoning attacks that exploit lower gas fees, according to a recent analysis. Last week, 2.7 million new addresses were created, and the number of daily transactions approached an all-time high of 2.9 million, Cointelegraph reported. Security researcher Andrey Sergeenkov explained that network fees have decreased by more than 60% since the Ethereum Pectra upgrade last December, creating a more suitable environment for these attacks. Address poisoning is a scam method where attackers use a vanity-generated wallet address that matches the first and last characters of a user's address to trick them into transferring funds.

According to CoinNess market monitoring, BTC has fallen below $91,000. BTC is trading at $90,985.98 on the Binance USDT market.

DeFi yield protocol Pendle (PENDLE) has announced the introduction of sPENDLE, a new liquid staking token set to replace its existing governance reward token, vePENDLE. According to Cointelegraph, Pendle stated that unlike vePENDLE, the new sPENDLE token can be withdrawn at any time after a 14-day waiting period, even while locked. The token also supports integration with other DeFi protocols and restaking. Pendle added that sPENDLE is designed to address the key limitations of the previous token and create new opportunities for both PENDLE holders and the protocol.

A South Korean man in his 30s has been sentenced to six years in prison for a robbery disguised as a cryptocurrency transaction, Yonhap News reported. According to legal sources on Jan. 20, the Suwon District Court found the man guilty of robbery and causing injury. The man reportedly used a social media chat room to lure a crypto trader by falsely offering to sell 200 million won worth of coins in an in-person deal. He then stole 70 million won (approximately $52,300) in cash from the victim during their meeting in an underground parking lot in Yongin, Gyeonggi Province, before fleeing the scene.

According to CoinNess market monitoring, BTC has fallen below $92,000. BTC is trading at $91,978.88 on the Binance USDT market.

Coinbase CEO Brian Armstrong plans to discuss the U.S. crypto market structure bill with banking executives at the World Economic Forum in Davos this week. According to The Block, Armstrong stated that the company will not stop pushing for discussions on the legislation. He added that he will meet with bank leaders to explore how the bill could be mutually beneficial, emphasizing that stablecoins could create a level playing field for both crypto firms and banks.

The DeFi protocol MakinaFi has been exploited for 1,299 ETH, valued at $4.13 million, according to a report from PeckShield on X. The stolen funds have been transferred to two new addresses.

South Korean financial authorities have begun drafting detailed plans to overhaul the country's digital asset regulatory framework by the end of the year, The Herald Business reported exclusively. The core of the initiative is deregulation aimed at revitalizing the market, which includes ending the current "one-exchange, one-bank" practice and permitting the issuance of digital asset derivatives. South Korea's Fair Trade Commission and Financial Services Commission are reportedly in discussions to ease major digital asset regulations. A government official stated that relevant ministries are continuously discussing the scope and timing of the deregulation. The official added that the government is expediting the process, dividing tasks into short- and long-term goals, with an aim to make an announcement within the year.

Web3 community platform Galxe has evolved from a platform centered on on-chain quests and reward campaigns into an integrated infrastructure for user acquisition, engagement, and token distribution, according to an analysis by crypto data firm Messari. Messari noted that Galxe has unified its Quests, Airdrops, Starboard, Passport, Score, and Gravity products into a single platform, centralizing multi-chain program operations, Sybil attack control, and analytics. The platform's airdrop infrastructure now manages complex token distribution, while Starboard combines on-chain activity with social data to enable influence-driven operations. Galxe is currently focused on ensuring the performance and stability of its Gravity chain by developing a dedicated Ethereum Virtual Machine (EVM) environment, a software development kit (SDK), and a fork of the high-performance Ethereum execution client Reth. According to Messari, future challenges for the platform include business development, scaling, advancing Starboard's analytics, and achieving real-time processing for Gravity.

An address believed to belong to Trend Research borrowed 10 million USDT from Aave and immediately deposited the funds to Binance, according to on-chain analyst ai_9684xtpa. The move is seen as a potential precursor to purchasing additional ETH. The address currently holds 626,778 ETH, valued at $1.94 billion.

Meme coin trading volume recently surged due to trader profit-taking, even as the sector's total market capitalization declined, Cointelegraph reported. Citing CoinMarketCap data, the report noted that on Jan. 19, meme coin volume increased 106% from the previous day to $5.62 billion, while the collective market cap fell by 6%. Vincent Liu, Chief Investment Officer at Kronos Research, explained that this suggests a phenomenon driven by profit-taking and short-term trading rather than an influx of new capital. He added that in the current low-liquidity environment, a spike in volume can lead to price drops, as participation wanes and bid-ask spreads widen once traders have finished realizing their profits.