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A Senate markup for a cryptocurrency market structure bill, known as the Clarity Act, scheduled for Jan. 16, may be canceled after Coinbase withdrew its support for the legislation. Eleanor Terrett, host of "Crypto in America," reported the development, citing an anonymous source. Writing on X, Terrett said she has been unable to confirm if the matter is proceeding within the Senate Banking Committee and has requested comment from the office of Chairman Tim Scott. However, she noted that industry sources confirmed Coinbase had asked the Senate to postpone the markup and subsequently officially withdrew its support for the bill.

JPMorgan anticipates that capital flowing into the cryptocurrency market will increase this year, led by institutional investors, The Block reported. In a recent report, the investment bank noted that a record $130 billion entered the crypto market last year, an increase of over 30% from the prior year. The bank projects that upcoming regulations, such as the U.S. Clarity for Digital Tokens Act, will encourage institutions to adopt cryptocurrencies more actively. This is expected to drive more venture capital investment, mergers and acquisitions, and initial public offerings across various sectors, including stablecoin issuers, payment firms, exchanges, wallet services, and blockchain infrastructure. JPMorgan also suggested that this year's inflows are more likely to be driven by institutional investors, in contrast to last year's trend, which was led by companies holding digital assets.

The Sui (SUI) network has been restored and is now operating normally, the project announced via X. The announcement follows a notice from five hours prior that the mainnet was experiencing network latency and that a solution was being actively pursued. Sui advised users who continue to face issues to refresh their app or browser.

Coinbase CEO Brian Armstrong has announced his official opposition to a draft cryptocurrency regulation bill from the U.S. Senate Banking Committee. In a post on X, Armstrong stated that after reviewing the draft for the past two days, he cannot support it because it could lead to more negative outcomes than the current system. He identified several core problems with the proposal, including a de facto ban on tokenized securities, the blocking of DeFi, the weakening of the Commodity Futures Trading Commission's (CFTC) authority relative to the SEC, and a potential ban on stablecoin reward features. While acknowledging the Senate's bipartisan efforts, Armstrong concluded that the current draft is a significant step backward and that it would be better for the bill not to pass at all.

Blockchain-based lending platform Figure Technology Solutions has launched OPEN, a network that supports the on-chain trading of public stocks, Wu Blockchain reported. The network is built on the Provenance blockchain, developed by Figure, and is designed to enable the issuance and trading of tokenized stocks backed by real-world shares. This allows companies to issue digital securities on-chain based on physical stocks, which investors can then trade directly on the blockchain network.

Asset manager Bitwise has listed seven new exchange-traded products (ETPs) based on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) on Nasdaq Stockholm in Sweden, Cointelegraph reported. The listing allows Swedish investors to access spot and staking-linked cryptocurrency products denominated in the local currency, the Swedish krona (SEK). The newly listed products include a spot Bitcoin ETP, a spot Ethereum ETP, staking-based ETPs for ETH and SOL, a hybrid ETP combining Bitcoin and gold, and an ETP that tracks the MSCI Digital Asset Select 20 index of the top 20 cryptocurrencies by market capitalization.

Of the approximately 20.2 million cryptocurrencies that entered the market between mid-2021 and the end of 2025, 53.2% are no longer trading, Coindesk reported, citing data from CoinGecko. The number of failed tokens surged in 2025, with 11.6 million projects delisted that year alone, a sharp increase from 1.3 million in 2024 and 2,584 in 2021. A significant portion of these failures occurred in the fourth quarter of 2025, when 7.7 million tokens disappeared from the market in just three months, representing 35% of all failed projects since 2021. This period followed a "liquidation domino" event on Oct. 10, 2025, which saw the simultaneous liquidation of $19 billion in leveraged positions. The report noted that this highlights the market's vulnerability to short-term speculation and the double-edged nature of its low barrier to entry, which allows for a large influx of projects lacking robust technology.

Tokenization brokerage infrastructure firm Alpaca has raised $150 million in a Series D funding round, valuing the company at $1.15 billion, The Block reported. The round was led by Drive Capital with participation from Citadel Securities, Opera Tech Ventures, DRW, Bank Muscat, and Kraken. The specific use of the funds was not disclosed.

Neel Kashkari, president of the Minneapolis Federal Reserve and a prominent crypto skeptic within the U.S. central bank, has stated that cryptocurrency is fundamentally useless to consumers.

Senate Banking Committee Chairman Tim Scott stated in an interview with CoinDesk that it would be inappropriate to insert an ethics provision targeting President Donald Trump's cryptocurrency business into a pending crypto bill. Scott argued that such an ethics debate is outside the jurisdiction of the Banking Committee and should be handled as a separate matter by the Senate Ethics Committee. He added that while discussions are possible, adding the provision to the bill as is would be more difficult than expected. The U.S. Senate Banking Committee is scheduled to vote on the Digital Asset Market Clarity Act this Thursday.

The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the Zcash Foundation, which began in 2023, according to media reports. The agency notified the foundation that it will not recommend any enforcement action in connection with the matter.

The FTX estate has announced it will conduct its next round of creditor repayments on March 31. The distribution will be made to creditors registered as of Feb. 14. Concurrently, the estate has submitted a revised proposal to the bankruptcy court to reduce its reserve for disputed claims. If the court approves the proposal, the total amount available for repayment is expected to increase.

Nasdaq-listed Figure Technology Solutions has launched the On-Chain Public Equity Network (OPEN), a blockchain-based platform that enables the issuance and lending of real-world stocks without intermediaries. Unlike existing tokenized stocks, which are often synthetic assets that track actual shares, OPEN directly issues stocks with real ownership on its proprietary blockchain. This allows investors to lend or collateralize their shares directly on-chain, bypassing complex intermediaries like brokerage firms and custodians.

Cryptocurrency custody firm BitGo has attracted more funds than expected for its initial public offering (IPO), according to media reports. The company had previously announced its plan to raise $201 million through the offering.

Global crypto derivatives exchange Deribit announced it will support USDC-based options trading for Avalanche (AVAX) and Tron (TRX), in addition to its existing perpetual futures for the assets.

U.S. Federal Reserve Governor Nellie Miran has reiterated her call for a total of 150 basis points in interest rate cuts this year to prevent the labor market from weakening.

U.S. Federal Reserve Governor Nellie Liang stated that the spread of stablecoins will further solidify the U.S. dollar's dominant role in the global financial system.

The Sui team has announced that its mainnet is currently experiencing network delays, which it is actively working to resolve. The team explained that the issue may limit the use of decentralized applications (dApps) such as Slush and SuiScan. Transaction processing speeds may also become significantly slow or temporarily restricted as a result.

Project Eleven, a company developing solutions to protect the Bitcoin network from quantum computing, has raised $20 million in a Series A funding round led by Castle Island Ventures. The round, which included participation from Coinbase Ventures and Quantonation, valued the company at $120 million. Project Eleven is focused on building quantum-resistant tools and cryptographic standards to safeguard Bitcoin's core Elliptic Curve Cryptography (ECC) from potential threats posed by quantum computers.

According to news reports, the U.S. Supreme Court did not issue a ruling on the legality of President Donald Trump's universal global tariffs during a scheduled opinion session on Wednesday, Jan. 14.

According to CoinNess market monitoring, BTC has risen above $97,000. BTC is trading at $97,040.94 on the Binance USDT market.

Major exchanges have seen $104 million worth of futures liquidated in the past hour. In the past 24 hours, $768 million worth of futures have been liquidated.

Philadelphia Federal Reserve Bank President Anna Paulson said that a modest additional interest rate cut could be appropriate in the latter half of 2026 if the economy performs in line with expectations, according to Walter Bloomberg.

Recent market volatility has triggered the largest short liquidation event across the top 500 cryptocurrencies by market capitalization since the major market crash on Oct. 10, 2025, according to an analysis by Glassnode.

According to CoinNess market monitoring, BTC has risen above $96,000. BTC is trading at $96,000 on the Binance USDT market.