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While Story (IP) has recently rallied past the $3 mark, its on-chain indicators are flashing warning signs, BeInCrypto reported. The token's daily trading volume has surpassed $300 million, according to CoinGecko, with the South Korean exchange Upbit accounting for over 47% of the total, leading the surge. However, the publication noted that despite the price increase, the number of active accounts on the Story network has plummeted from around 10,000 last year to fewer than 500. Additionally, the number of new daily users is below 100. Many experts reportedly believe the rally is fueled by speculative demand from the South Korean market rather than fundamental improvements.

The full text of the U.S. Senate Banking Committee's Crypto-Asset Market Structure (CLARITY) Act has been released, according to Eleanor Terrett, host of Crypto in America. The 278-page bill follows a previously leaked draft that excluded provisions on stablecoin revenue in favor of two ethics regulations under the committee's jurisdiction.

The United States is considering legislation that would regulate cryptocurrencies included in exchange-traded funds (ETFs) similarly to BTC and ETH, according to a report from Eleanor Terrett, host of Crypto in America. The bill proposes that if a cryptocurrency is part of an ETF listed on a national securities exchange and registered under Section 6 of the Securities Exchange Act, it would be exempt from disclosure obligations. Under this framework, assets including XRP, SOL, LTC, HBAR, DOGE, and LINK would be subject to the same regulations as BTC and ETH from the day the law is enacted.

U.S. spot Ethereum ETFs recorded a net inflow of $5.27 million on Jan. 12, marking the first day of net inflows in four trading days, according to data from TraderT. The breakdown of flows is as follows: - BlackRock (ETHA): -$79.65 million - 21Shares (CETH): +$4.97 million - Grayscale (ETHE): +$50.67 million - Grayscale Mini ETH: +$29.28 million

U.S. spot Bitcoin ETFs recorded a total net inflow of $116.89 million on Jan. 12, marking a return to positive flows after five consecutive trading days of net outflows, according to data compiled by TraderT. Among the funds, Fidelity's FBTC led with an inflow of $111.75 million, while Grayscale's GBTC and Mini BTC funds saw inflows of $64.25 million and $4.85 million, respectively. VanEck's HODL added $6.48 million. In contrast, BlackRock's IBIT experienced a net outflow of $70.44 million.

An unfinished draft of the U.S. Senate Banking Committee's crypto market structure bill, the CLARITY Act, has been leaked ahead of its official release, reported Eleanor Terrett, host of Crypto in America, on X. The leaked draft excludes a provision related to stablecoin revenue and instead includes two ethics regulations under the committee's jurisdiction. Terrett explained that provisions concerning felonies and insider trading are notable and that the text appears to reflect a compromise between the DeFi and traditional finance industries. This is reflected in Section 601, which addresses protections for software developers. According to industry sources cited by Terrett, an agreement was reached this week following a closed-door meeting last week.

The U.S. Democratic Party has launched BlueVault, a new platform to accept cryptocurrency donations ahead of the 2026 midterm elections, Decrypt reported. The infrastructure will allow Democratic political committees to receive contributions in Bitcoin (BTC) and stablecoins. The initiative's primary focus is on attracting small-dollar crypto donors rather than promoting a comprehensive pro-crypto policy platform. This move is part of a strategic review within the party aimed at increasing engagement with crypto-focused voters and donors, following concerns about losing their support after the 2024 presidential election, the report added.

Binance announced on its official website that it will delist 14 cross margin and 24 isolated margin trading pairs at 6:00 a.m. UTC on Jan. 15. The affected cross margin pairs are AUDIO/BTC, SUSHI/BTC, MTL/BTC, IOTX/ETH, SLP/ETH, TRB/BTC, PYR/BTC, EGLD/BTC, ENS/BTC, APE/BTC, NEO/BTC, NMR/BTC, SHIB/DOGE, and MINA/BTC. The isolated margin pairs to be removed are AUDIO/BTC, CTSI/BTC, SUSHI/BTC, ATOM/ETH, MTL/BTC, WAN/BTC, MOVR/BTC, IOTX/ETH, OXT/BTC, SLP/ETH, TRB/BTC, PYR/BTC, STORJ/BTC, EGLD/BTC, YFI/BTC, ENS/BTC, FLUX/BTC, AUCTION/BTC, APE/BTC, REQ/BTC, NEO/BTC, NMR/BTC, SHIB/DOGE, and MINA/BTC.

A U.S. federal court in Tennessee has ordered the state to temporarily withdraw a cease-and-desist order against prediction market operator Kalshi. The court found there is a legitimate legal dispute over whether Kalshi, as a Designated Contract Market (DCM) regulated by the Commodity Futures Trading Commission (CFTC), is subject to state gambling laws, CoinDesk reported. Consequently, Kalshi will be allowed to continue its operations in Tennessee until the court reaches a final judgment on whether its sports-based event contracts are derivatives protected under federal law. Tennessee regulators had previously ordered the platform to halt its operations, arguing that its sports event contracts amounted to illegal gambling.

The Nigerian government is planning to bring anonymous cryptocurrency transactions into its formal economic system under a new tax administration law, according to a report by TechCabal. The proposal would require local Virtual Asset Service Providers (VASPs) to submit monthly reports to tax authorities, detailing transaction types, dates, volumes, and customer information. This initiative is part of Nigeria's broader goal to increase its tax-to-GDP ratio from under 10% to 18% by 2027, with the government viewing the crypto market as a key potential source of revenue.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $61.87 million liquidated (62.27% longs) - ETH: $40.92 million liquidated (73.78% longs) - SOL: $15.58 million liquidated (55.5% longs)

The U.S. Senate Banking Committee plans to submit the final version of a bipartisan crypto market structure bill, the CLARITY Act, before midnight on Jan. 13, Eleanor Terrett, host of the program Crypto in America, reported on X. She added that, according to a Senate source, a provision related to stablecoin revenue has been identified as the main sticking point.

KRAKacquisition, a special purpose acquisition company (SPAC) backed by an affiliate of crypto exchange Kraken, is seeking to list on Nasdaq, The Block reported. The company has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) for an initial public offering. It aims to raise $250 million and, if approved, will trade on the Nasdaq Global Market under the ticker KRAQU. KRAKacquisition has not yet identified a specific merger target. The move comes as Kraken itself has previously stated it is pursuing an IPO with a target of listing this year.

An address linked to Aleksey Bilyuchenko, who was indicted in connection with the Mt. Gox hack, has deposited 926 BTC, worth $83.92 million, to an anonymous exchange over the past 15 hours, on-chain analyst Emmett Gallic reported on X. The address currently holds 3,000 BTC, valued at $275 million.

Bitwise Chief Investment Officer (CIO) Matt Hougan stated on X that the proposed market structure legislation, the CLARITY Act, is akin to Punxsutawney Phil, the groundhog known for predicting the length of winter. He explained that if the bill is reconsidered by Congress but ultimately fails to pass, the crypto winter could persist. Conversely, Hougan suggested that if the bill is enacted into law, the market could advance toward all-time highs.

The Thai government has ordered its Securities and Exchange Commission (SEC) to strictly enforce the crypto travel rule to block gray money, defined as funds from unclear sources, according to local media outlet The Nation Thailand. Prime Minister Anutin Charnvirakul has unveiled a new enforcement roadmap to strengthen cryptocurrency regulations. The initiative includes the establishment of a new Data Bureau tasked with integrating national financial data to prevent money laundering.

South Korea's Digital Asset Exchange Alliance (DAXA) issued a statement on Jan. 13 expressing strong opposition to a government proposal that would cap a major shareholder's stake in a cryptocurrency exchange at 15-20%. According to Yonhap News, DAXA argued that the plan could hinder the development of the domestic digital asset industry and market. The alliance also warned that such a rule could cause South Korean users to move to overseas exchanges. DAXA emphasized that at a time when the focus should be on developing the digital asset industry, regulations that could undermine property rights and the market economy order should be reconsidered.

Whale Alert reported that 214,992,494 USDC has been transferred from an unknown wallet to Coinbase. The transaction is valued at about $215 million.

CoinMarketCap's Altcoin Season Index has risen two points from yesterday to 28. The index measures the performance of the top 100 cryptocurrencies, excluding stablecoins and wrapped tokens, against Bitcoin over the last 90 days. An altcoin season is declared if 75% of these altcoins outperform Bitcoin during that period. A score closer to 100 indicates an altcoin season, while a lower score suggests a Bitcoin season.

An address presumed to belong to the Pump.fun (PUMP) team deposited stablecoins worth $148 million to Kraken about an hour ago, according to EmberCN. The funds are reportedly proceeds from the project's initial coin offering. Over the past two months, since Nov. 15 of last year, the team has deposited a total of $753 million in stablecoins to the exchange. While the industry has raised suspicions that the transfers are intended for cashing out, the Pump.fun team has previously denied these claims.

U.S. Securities and Exchange Commission (SEC) chair Paul Atkins has stated that this week will be an important one for cryptocurrency.

Virtual Asset Service Providers (VASPs) accounted for 77% of all fines levied by South Korea's Financial Intelligence Unit (FIU) over the past two years and four months, Digital Asset reported exclusively. While VASP-related sanctions represented only 4.2% of the 95 total cases during the period, they comprised the vast majority of the 54 billion won ($39.1 million) in total penalties. The single largest fine was imposed on Dunamu, amounting to 35.2 billion won ($25.5 million).

The Crypto Fear & Greed Index fell one point from yesterday to 26, remaining in the fear category, according to data from Alternative. The index measures market sentiment on a scale from zero, indicating extreme fear, to 100, representing extreme greed. 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%).

An address presumed to belong to Bitmine has staked an additional 154,208 ETH, worth $480 million, Onchain Lens reported. The address is now staking a total of 1,344,424 ETH, valued at $4.15 billion.

Cardano (ADA) founder Charles Hoskinson has argued that the Trump administration's cryptocurrency policy has been more detrimental to the industry than the Biden administration's. In an interview with CoinDesk, he stated that while President Trump's election initially inspired optimism in the crypto sector, that hope was instantly shattered by the launch of memecoins by the president and first lady. Hoskinson asserted that the fallout from this event halted bipartisan regulatory reform efforts that were underway in early 2025, transforming crypto into a partisan issue. He claimed that without the memecoin launch, both the stablecoin bill (GENIUS Act) and the crypto market structure bill (CLARITY Act) would have already been passed.