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BlackRock Chief Investment Officer (CIO) Rick Rieder is gaining attention as a potential candidate for the next Federal Reserve Chair, Walter Bloomberg reported, citing Axios. On the prediction market Polymarket, the odds of Rieder's appointment are currently at 35%, placing him second behind former Fed Governor Kevin Warsh.

U.S. President Donald Trump has filed a $5 billion lawsuit against JPMorgan and its CEO, Jamie Dimon, according to Walter Bloomberg. The suit alleges that the bank closed Trump's accounts in 2021 for political reasons. Trump claimed that JPMorgan blacklisted him and his associated businesses, wrongfully terminating their accounts and causing financial loss and reputational damage. He asserted that this is a classic example of political debanking, aimed at excluding those with different political views from the financial system. JPMorgan maintains its position that it has never closed a client's account due to political views. The Trump family has previously mentioned that past experiences with debanking sparked their interest in cryptocurrency.

The DeepBook Protocol (DEEP), a dApp within the Layer 1 Sui (SUI) ecosystem, announced via its official X account that it has activated a margin trading feature. The protocol explained that this addition introduces leverage, enabling risk management capabilities beyond its previous focus on spot trading. Users will also have the opportunity to earn points and receive additional rewards by using the margin trading feature on DeepBook.

Ondo Finance (ONDO) has announced the launch of a tokenized version of BitGo (BTGO) stock. The tokenized shares will be tradable on Ethereum, Solana, and BNB Chain through Ondo Global Markets. This initiative marks the first time a company's stock has been tokenized immediately following its Initial Public Offering (IPO).

Jeremy Allaire, CEO of Circle (CRCL), predicts the stablecoin market will grow by approximately 40% annually, driven by accelerating adoption within the global banking system. Speaking at the World Economic Forum in Davos, Switzerland, Allaire said that stablecoins have moved past the experimental phase and are now being integrated into actual financial infrastructure, according to The Block. He noted that this trend is increasing USDC transaction volumes among major banks and payment networks, adding his belief that all financial entities will participate in the stablecoin ecosystem in the medium to long term.

Chainlink has acquired Atlas, a transaction ordering tool developed by Fastlane, The Block reported. As part of the acquisition, Chainlink will hire Fastlane's core personnel, and Atlas will discontinue its support for RedStone, a competing oracle provider. Atlas is set to be integrated into Chainlink's SVR data technology project to enhance its capabilities in preventing MEV-related value leakage, a persistent issue within the DeFi ecosystem.

Spacecoin (SPACE) has entered into a token swap partnership with World Liberty Financial (WLFI), the project announced on its official X account. The two projects will collaborate to integrate DeFi with satellite internet connectivity. As part of the agreement, World Liberty Financial plans to use its native stablecoin, USD1, to provide payment and settlement services for new users on the Spacecoin network.

No written agreement has been reached between the United States and NATO regarding Greenland, Walter Bloomberg reported. Previously, U.S. President Donald Trump and NATO Secretary General Mark Rutte had agreed to discuss several measures, including amending the U.S.-Denmark-Greenland military pact, banning Russian and Chinese investment in Greenland, and expanding NATO's role in the region. Walter Bloomberg added that because there is no formal document, other NATO member states are unable to ascertain the exact details of the discussions.

The Russian ruble-pegged stablecoin A7A5 has surpassed $100 billion in trading volume in less than a year since its launch and is being used to bypass economic sanctions, CoinDesk reported, citing a report from blockchain analytics firm Elliptic. The report noted that A7A5, issued on the Ethereum (ETH) and Tron (TRX) networks, is used by approximately 41,000 addresses. It functions as a bridge between the ruble and Tether, having processed $17.3 billion in swap transactions to date. However, its daily trading volume has recently plummeted following the strengthening of infrastructure sanctions in mid-2023. The report also explained that the stablecoin is becoming isolated within the crypto ecosystem because only its issuer has the authority to block addresses.

Bitcoin is exhibiting severe price weakness against gold, challenging its narrative as a digital store of value, Coindesk reports. The current BTC-to-gold price ratio is approximately 18.46, down about 55% from its peak in December 2024. This comes as spot gold has gained 12% year-to-date, climbing as high as $4,900 an ounce. Over a five-year period, gold's 160% return has also outpaced Bitcoin's 150%. The analysis pointed to historical precedents, noting the ratio fell 77% in 2022 and 84% in 2018, suggesting the current downturn may not have reached its floor.

According to multiple online communities, the cryptocurrency exchange BingX has begun restricting deposits for some of its South Korean users. The exchange is reportedly informing affected users that the measure is due to local regulatory requirements and is directing them to customer service for further inquiries. This development follows previous announcements from South Korean exchanges Upbit and Bithumb, which stated they would remove BingX from their lists of verified exchanges in accordance with guidance from regulatory authorities.

This year will mark a foundational period for the global implementation of cryptocurrency regulations as the industry moves beyond its initial stages, according to a recent report from global accounting firm PricewaterhouseCoopers (PwC). The report, cited by CoinDesk, suggests the focus will shift from regulatory debate to execution and competition among nations to attract capital. PwC predicts that countries with clear legal frameworks, such as Europe's Markets in Crypto-Assets (MiCA) regulation and proposed U.S. legislation like the GENIUS and CLARITY acts, will lead the industry. The firm also noted that while companies will face compliance challenges, they will also see opportunities from increased institutional investor participation and better access to traditional finance.

Whale Alert reported that 2,993 BTC has been transferred from Coinbase Institutional to an unknown new wallet. The transaction is valued at about $266 million.

According to CoinNess market monitoring, BTC has fallen below $89,000. BTC is trading at $88,874.22 on the Binance USDT market.

Tokenization infrastructure asset manager Superstate has raised $82.5 million in a Series B funding round led by Bain Capital and Distributed Global, The Block reported. The round, which also saw participation from Hohn Ventures, Galaxy Digital, and Bullish, brings Superstate's total funding to over $100 million. The company plans to use the new capital to expand its infrastructure beyond its existing tokenized treasury products to issue U.S. Securities and Exchange Commission (SEC)-registered stocks on the Ethereum and Solana networks.

The U.S. core Personal Consumption Expenditures (PCE) price index for November rose 0.2% month-over-month and 2.8% year-over-year, both in line with market expectations, according to the Bureau of Economic Analysis (BEA). The core PCE index, which excludes volatile food and energy prices, is the Federal Reserve's preferred measure of inflation.

Coinbase announced on Jan. 22 that it will list FIGHT and SENT for spot trading. Trading for the FIGHT/USD and SENT/USD pairs is scheduled to commence once liquidity conditions are met.

The three major U.S. stock indices opened higher. The S&P 500 was up 0.73%, the Nasdaq Composite rose 0.99%, and the Dow Jones Industrial Average gained 0.82%.

A spot Dogecoin (DOGE) exchange-traded fund (ETF) launched by 21Shares in partnership with the Dogecoin Foundation has begun trading on the Nasdaq exchange, Decrypt reported on Jan. 22. The product, which trades under the ticker TDOG, is the first spot DOGE ETF to receive approval from the U.S. Securities and Exchange Commission (SEC).

Ukrainian President Volodymyr Zelenskyy has announced that a document to end the war with Russia is nearly complete, according to Walter Bloomberg.

Michael Saylor, founder of Strategy (MSTR), said on X that he is thinking about buying more Bitcoin.

XRP investor sentiment has entered a stage of extreme fear after the asset dropped approximately 19% from its Jan. 5 peak, Coindesk reported, citing data from Santiment. This trend suggests that a significant number of retail investors have either exited the market or moved to the sidelines, a phenomenon that tends to occur toward the end of a downtrend rather than at its beginning. The current on-chain structure of XRP holders is reportedly similar to that of early 2022, with the average entry price for new buyers now lower than that of long-term holders, creating substantial downward pressure during price declines. While a market skewed heavily in one direction can sometimes lead to a contrarian rally, a swift reversal would require price stabilization and an influx of bargain hunters. If XRP fails to establish a support level and the bearish trend continues, the current downturn will likely persist.

Coinbase announced on Jan. 22 that it will list spot IMU. Trading on the IMU/USD pair will begin once liquidity conditions are met.

JPMorgan has analyzed that while Ethereum's recent Fusaka upgrade has increased transaction volume and the number of active addresses, this trend is unlikely to be sustainable in the long term. In a report, the bank noted that past network upgrades on Ethereum have had limited success in meaningfully boosting user activity on a sustained basis. This is partly because existing users are migrating their activities to Layer 2 networks, diminishing the mainnet's role. JPMorgan also cited competition from other chains like Solana (SOL) and the cooling of speculative fervor around NFTs and memecoins as factors hindering growth. Consequently, the bank suggested that network fee burns could decrease, potentially increasing the supply of ETH. Ethereum completed the final stage of its Fusaka upgrade on Jan. 8.

Robinhood has announced the listing of SKY for spot trading.