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Ethereum block trading platform ETHGas is launching its own token, GWEI, The Block reported. The token will grant voting rights based on staking and lock-up conditions, allowing holders to participate in key protocol decisions such as parameter adjustments, upgrades, and treasury management.

Whale Alert reported that 2,238 BTC has been transferred from Coinbase Institutional to an unknown new wallet. The transaction is valued at about $209 million.

U.S. crypto-friendly bank Old Glory Bank is pursuing a public listing through a merger with special purpose acquisition company (SPAC) Digital Asset Acquisition Corp, Bloomberg reported. Following the merger, the company will be renamed OGB Financial and is expected to be listed under the ticker OGB. Old Glory Bank transitioned from a regional bank in Oklahoma to a crypto-focused bank in 2022.

According to CoinNess market monitoring, BTC has risen above $93,000. BTC is trading at $93,098.97 on the Binance USDT market.

The structure of the cryptocurrency market has shifted since last year, with liquidity increasingly concentrating in major assets like BTC and ETH rather than dispersing across the board, according to a report from crypto market-making firm Wintermute cited by The Block. The report suggests this trend is weakening the momentum for altcoin rallies. As evidence, Wintermute noted that the average duration of an altcoin rally last year was 19 days, a sharp decrease from the 61-day average in the prior year. The firm also pointed to the early conclusion of the memecoin cycle at the beginning of this year as a factor that limited the spread of capital. Additionally, the report observed a change in institutional trading strategies, with participants now favoring short-term, news-driven approaches over directional bets and moving away from simpler seasonal trading toward more repetitive and sophisticated methods.

Bitcoin could experience a price surge similar to gold if demand from exchange-traded funds (ETFs) continues, according to a statement on X by Matt Hougan, Chief Investment Officer of Bitwise. He explained that while central bank purchases are often cited for gold's price increase, the actual mechanics were more complex. Hougan noted that central bank demand for gold began to rise in 2022, with annual purchases doubling from 500 to 1,000 tons after the U.S. froze Russian-held Treasury assets. However, the price did not react immediately due to selling from existing holders. Instead, gold saw gradual gains, rising 2% in 2022, 13% in 2023, and 27% in 2024, before experiencing a major surge in 2025. Hougan argued that Bitcoin is following a similar pattern. Since the launch of spot ETFs in January 2024, the market has absorbed more BTC than has been newly issued. He attributed the muted price response to selling pressure from existing holders. Hougan concluded that this selling pressure is finite and that if ETF demand persists, a significant price increase is highly likely.

Cryptocurrency data platform CoinGecko is exploring a sale at a potential valuation of around $500 million, CoinDesk reported. Global investment bank Moelis is advising on the process. Citing an anonymous source, the report noted that the sale process began late last year and the final valuation has not yet been confirmed. The move comes amid a growing trend of mergers and acquisitions within the cryptocurrency industry.

An anonymous address has transferred 2.55 million CAKE, valued at $5 million, to a wallet associated with the crypto market-making firm GSR Markets, The Data Nerd reported.

Global offline payment platform Ingenico has partnered with WalletConnect Pay to support in-store stablecoin payments. According to Cointelegraph, users can pay directly with USDC, EURC, and USDT at stores equipped with Ingenico terminals using wallets that support WalletConnect Pay, such as MetaMask and Trust Wallet.

Polygon Labs has acquired Bitcoin ATM operator Coinme and crypto wallet infrastructure provider Sequence for $250 million, the company told The Block. The move is aimed at bolstering its Open Money Stack, a modular framework for cross-border stablecoin payments. Through the acquisition, Coinme and Sequence will provide key features for the stack, including cash and crypto on- and off-ramps and wallet infrastructure. While the terms of the deal were not disclosed, Coinme will operate independently as a wholly-owned subsidiary once the acquisition is finalized.

EZ Labs, formerly known as Binance Labs, has invested tens of millions of dollars in Genius Trading, a company where Binance founder Changpeng Zhao serves as an advisor, The Block reported. Genius Trading is developing a privacy-focused decentralized trading platform. The platform aims to be an on-chain version of Binance, offering spot and perpetual futures trading, as well as copy trading, through a self-custodial cross-chain terminal. The specific use of the investment funds was not disclosed.

Global asset manager Franklin Templeton has restructured two of its institutional money market funds (MMFs), LUIXX and DIGXX, into funds dedicated to stablecoin reserves, Cointelegraph reported. The two funds, which will maintain their status as MMFs registered with the U.S. Securities and Exchange Commission (SEC), have been adjusted to comply with a stablecoin regulation bill known as the GENIUS Act. They are now specifically designed for direct use within the reserve structures required for stablecoin issuance and through blockchain-based distribution channels.

Robinhood has announced the listing of spot DOT.

The U.S. Department of Labor announced that the December Consumer Price Index (CPI) rose 2.7% year-over-year, in line with market expectations.

UK clearing bank ClearBank has selected digital asset infrastructure provider Taurus as its partner for stablecoin services, according to CoinDesk. The collaboration will involve ClearBank integrating Taurus-PROTECT, Taurus's wallet infrastructure solution, to offer digital asset services.

A governance proposal to burn 300 million WOO has passed with 100% approval. The tokens, representing approximately 15% of the total supply, are scheduled to be burned within the next few days.

According to an annual report on major centralized exchanges (CEX) for 2025 from Wu Blockchain, the top four exchanges by spot trading volume were Binance, Bybit, Gate.io, and Crypto.com. Binance's spot volume was approximately five times that of the second-place exchange, Bybit. In the derivatives sector, Binance also secured the top position, followed by OKX, Bybit, and Bitget.

An Ethereum whale address purchased an additional 1,299.6 ETH from the exchange OKX approximately 10 minutes ago at an average price of $3,129, according to on-chain analyst ai_9684xtpa. The transaction marks the whale's first purchase in one week. This address has been consistently accumulating ETH since Dec. 5, 2025, and now holds a total of 51,451 ETH, valued at $161 million.

Tom Lee, chairman of Fundstrat and Bitmine (BMNR), has predicted that the next bull market will begin in 2027. He characterized the correction phase that began last October as akin to a mini crypto winter, adding that this year will be a period of price recovery. Lee also stated that 2024 will be the year blockchain establishes itself as a settlement layer for Wall Street, driven by the proliferation of stablecoins and tokenization, with Ethereum (ETH) expected to be the primary beneficiary. Furthermore, he asserted that Bitmine is set to become the largest staker in the cryptocurrency ecosystem, with projected annual staking revenues of approximately $374 million.

JPMorgan has presented a base case scenario in which the U.S. benchmark interest rate will remain unchanged this year, with a 25 bp increase projected for the third quarter of 2027, CoinDesk reported, citing Reuters. The bank's forecast contrasts with current market expectations, as the CME Federal Funds futures market is pricing in two 25 bp rate cuts within the year. However, JPMorgan added that the possibility of rate cuts could re-emerge if the labor market weakens again or if inflation slows rapidly.

The ruling Democratic Party's Digital Asset Task Force has begun drafting a consolidated bill for digital assets, combining various proposals previously submitted by its members, Hankyung reported. This appears to be a proactive move to minimize the legislative vacuum as the government's proposed Digital Asset Basic Act faces delays due to disagreements between financial authorities and the National Assembly. Given the Democratic Party's history of actively incorporating the industry's perspective, its consolidated bill is expected to contain significant provisions that conflict with the government's proposal. A key point of contention will be the regulation of stablecoin issuance. The industry has strongly opposed the government's plan to restrict issuance to consortiums with majority bank ownership, and it remains a major question whether the party's bill will adjust this rule.

A reverse Kimchi premium has appeared for USDT, with its price on the South Korean exchange Upbit trading below the official won-dollar exchange rate. Currently, the won-dollar rate is 1,473.7 won, while USDT is trading at 1,473 won on Upbit. Bitcoin is also showing a reverse premium of approximately -0.07%.

The Solana Policy Institute, a non-profit organization focused on blockchain policy, has urged the U.S. Securities and Exchange Commission (SEC) to distinguish between centralized cryptocurrency exchanges and non-custodial decentralized finance (DeFi) software. The institute argued that developers should not be regulated as intermediaries. It called on the SEC to publish guidance that separates non-custodial software tools from broker transactions, amend Rule 3b-16 to exclude open-source code from the definition of an exchange, and adopt a custody and control-based framework to differentiate between intermediary and non-intermediary blockchain activities.

The South Korean crypto exchange Upbit has announced the temporary suspension of deposits and withdrawals for Sei (SEI) due to wallet system maintenance.

An address presumed to belong to former New York Mayor Eric Adams withdrew approximately 3.18 million USDC at the price peak of the NYC token, according to on-chain analytics firm Lookonchain. The firm reported on X that panic selling began in the market following the withdrawal. The NYC token, which Adams had previously supported, saw its market capitalization surge to $730 million shortly after its launch before plummeting by 80%.