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Over the past 24 hours, the cryptocurrency perpetual futures market has seen significant liquidations, with short positions being disproportionately affected. BTC liquidations totaled $186 million, with shorts accounting for 91.26% of the volume. Meanwhile, ETH liquidations reached $78.27 million (74.91% shorts), and XRP liquidations amounted to $30.44 million (82.02% shorts).

According to the validator queue analysis site Validator Queue, 1.186 million ETH are currently waiting to be staked on the Ethereum Proof-of-Stake (PoS) network, with an estimated completion time of 20 days and 14 hours. The backlog is attributed to a large-scale staking operation by Bitmain. In contrast, the unstaking queue is currently empty.

CoinMarketCap's Altcoin Season Index has risen four points from yesterday to 26. The index measures market sentiment by comparing the performance of Bitcoin against the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped tokens. A period is designated an altcoin season if 75% of these top altcoins outperform Bitcoin over a 90-day period. A reading closer to 100 indicates an altcoin season.

The Crypto Fear & Greed Index has risen 18 points from yesterday to 44, though market sentiment remains in the fear category, according to data from Alternative. The index measures market sentiment on a scale of 0 to 100, where 0 signifies extreme fear and 100 represents extreme greed. The score is calculated based on several factors, including volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).

Bitmine (BMNR) has staked an additional 186,336 ETH, worth approximately $600 million, over the past three hours, Onchain Lens reported. This brings the company's total staked amount to 779,488 ETH, valued at $2.05 billion.

The passage of a major U.S. crypto market structure bill could be delayed until 2027, according to Jaret Seiberg, a managing director at research and brokerage firm TD Cowen. In comments reported by The Block, Seiberg stated that while the bill could pass this year, a delay due to political uncertainty is more likely. He suggested the Democratic Party has little incentive to rush the legislation, as it believes it can win control of the House of Representatives in the upcoming November midterm elections. Seiberg assessed that if the bill passes in 2027 and takes effect in 2029, it could reduce market disruption. However, he cautioned that the crypto industry must accept that the outcome of the next U.S. presidential election could influence the final version of the bill. A markup session for the legislation, known as the CLARITY Act, is scheduled for Jan. 15. The bill aims to establish a regulatory framework for the crypto industry by dividing oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). It also includes provisions to exempt certain cryptocurrencies that meet specific conditions from the registration requirements of the Securities Act of 1933.

The U.S. Marshals Service (USMS) sold 57.55 BTC, valued at $6.36 million, that was seized from the Bitcoin mixing service Samourai Wallet last November. According to Bitcoin Magazine, the sale may have violated Executive Order 14233, signed by President Donald Trump. The order stipulates that Bitcoin seized through criminal or civil cases should be incorporated into the U.S. strategic reserve instead of being sold.

A Polymarket user is under suspicion for insider trading after earning $400,000 from a bet predicting the capture of Venezuelan President Nicolás Maduro, BeInCrypto reported. Last week, the user placed four bets totaling over $32,000 on the U.S. capturing Maduro before February. The successful prediction yielded a $400,000 profit. On-chain analyst Andrew 10GWEI traced the account's funding to two wallets with no prior activity. One of the wallets used a domain name similar to "Steven Charles," leading to speculation about a connection to Steve Witkoff, co-founder of World Liberty Financial (WLFI). The report noted that while there is no direct evidence linking the wallet to Witkoff, the precise timing of the bet, the use of new wallets, and the unclear origin of the funds suggest possible insider involvement.

An unusual situation where Republican appointees have sole control of both the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) could become a stumbling block for crypto regulation, according to a CoinDesk analysis. The development follows the resignation last week of the SEC's last Democratic commissioner, Caroline Crenshaw, who was known for her consumer protection stance and opposition to wider crypto adoption, including spot Bitcoin ETFs. At the CFTC, President Donald Trump's appointee Michael Selig is now leading the commission alone. While this Republican control could be favorable for pro-crypto policies, it may hinder negotiations on regulation bills currently under discussion in the Senate. The Democratic Party is insisting that the vacancies at both agencies be filled with its own nominees, and it remains unclear how much Republicans will be willing to concede. President Trump previously addressed the issue, questioning whether Democrats would appoint Republicans if the roles were reversed but adding that he is open to power-sharing in some areas.

Global cryptocurrency exchange Crypto.com has received conditional approval for a Virtual Asset Service Provider (VASP) license from the Cayman Islands Monetary Authority, Crypto Briefing reported. According to the report, Crypto.com first registered for the license in 2022. The approval follows the Cayman Islands' implementation of a stricter licensing regime for crypto custody and trading platforms, which was introduced in April last year.

Bitcoin has reclaimed its price level above the 200-day exponential moving average (EMA) for the first time since last October, signaling a potential exit from a bearish death cross pattern, according to an analysis by Decrypt. A death cross, which is technically considered a bearish indicator, occurs when a short-term moving average crosses below a long-term one. Decrypt noted that if the current recovery trend, which began at the start of 2026, continues, Bitcoin could break free from the death cross pattern that formed on its daily chart last November. The analysis also highlighted the significance of today's daily candle, which showed strong buying pressure by closing with a full body and no wick, breaking through a key resistance level.

Inflow and outflow data from U.S. spot Bitcoin ETFs serve as a pure indicator of market sentiment, according to Bloomberg ETF analyst James Seyffart. He explained that unlike assets under management (AUM), which can be distorted by price fluctuations, net flow figures track the actual movement of BTC into and out of the funds. This, Seyffart noted, makes them a direct measure of market activity.

Brevis (BREV), which is scheduled for listing on major exchanges including Binance on Jan. 6, announced via its official X account that claims for its native BREV token airdrop will open at 1:00 p.m. UTC today. Eligible recipients will have approximately 30 days to claim their tokens.

Jupiter, a Solana-based decentralized exchange, has launched its native stablecoin, JupUSD, The Block reported. According to the project, JupUSD can be used across products on the Jupiter platform and will serve as the protocol's unit of account. The stablecoin is issued in partnership with Ethena and is backed by assets including Ethena's USDtb and USDC, with Ethena exclusively managing the reserves. USDtb is a stablecoin backed by BlackRock's tokenized fund, BUIDL. Jupiter plans to hold 90% of JupUSD's reserves in USDtb.

The Ethereum Layer 2 network Starknet (STRK) has resumed operations following an outage that lasted more than four hours, Decrypt reported. Block production on the Starknet mainnet halted at approximately 10:00 a.m. UTC on Jan. 5, causing the network to go down. The network came back online roughly four hours later, around 2:00 p.m. UTC. In a statement on its official X account, Starknet said it plans to release a post-mortem report detailing the incident's timeline, root cause, and long-term preventative measures.

According to on-chain analytics platform Santiment, recent Bitcoin data reveals a trend where large-scale investors, known as whales and sharks, are accumulating the asset while smaller retail investors are selling. The firm noted that the crypto market typically follows the movements of these major investors, often moving in the opposite direction of retail sentiment. Santiment highlighted that since Dec. 17, wallets holding between 10 and 10,000 BTC have collectively added 56,227 BTC. The platform interprets this accumulation as an indicator of a local market bottom. The analysis added that the outlook is further bolstered by small retail investors, those holding less than 0.01 BTC, who have been taking profits over the past 24 hours.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Major exchanges have seen $132 million worth of futures liquidated in the past hour. In the past 24 hours, $419 million worth of futures have been liquidated.

Eric Trump, the second son of U.S. President Donald Trump, stated that he has built one of the planet's fastest-growing and most powerful Bitcoin companies in just four months, Watcher.Guru reported. He founded the Bitcoin mining firm American Bitcoin (ABTC), which currently holds 5,427 BTC.

U.S. Representative Ritchie Torres, a Democrat from New York, plans to introduce a bill this week that would prohibit public officials from betting on prediction markets using information obtained through their official duties, Business Insider reported. The proposed legislation would completely ban federal elected officials, appointed officials, and executive branch employees from trading on such markets if they possess non-public information related to a trade or could obtain specific information through their work.

Tom Lee, Chairman of Fundstrat and Bitmine (BMNR), believes Bitcoin could reach a new all-time high this month, CoinDesk reported. In an appearance on CNBC, Lee said he does not think Bitcoin has peaked, and that it is premature to conclude that Ethereum or other cryptocurrencies have reached their highs. He expects this year to be volatile but very constructive, though he cautioned that the first half could see short-term turmoil due to institutional rebalancing. Lee explained that this disruption would serve as a foundation for a major bull run anticipated in the second half of the year. He also noted that Ethereum's current price action is similar to Bitcoin's 2017-2021 bull run and that ETH is poised for remarkable performance this year.

Whale Alert reported that 300,000,000 XRP has been transferred from Ripple to an unknown wallet. The transaction is valued at about $653 million.

The Tie, a cryptocurrency data platform for institutional investors, has acquired staking service provider Stakin, The Block reported. Stakin manages over $1 billion in delegated assets. The two companies began the acquisition process last August, with all approvals now finalized, the outlet added.

While Bitcoin is showing renewed signs of life, reclaiming the $94,000 level, overall crypto spot trading volume has fallen to its lowest point since November 2023, CoinDesk reported, citing Glassnode data. The outlet noted that warnings about a lack of market liquidity had previously emerged following a major liquidation event last October. Spot trading volumes for both Bitcoin and altcoins are currently at very low levels. According to CoinDesk, this decline in volume amid a general price uptrend typically suggests reduced market participation and weak underlying demand for the rally.