CryptoTale News

Ripple and UC Berkeley launch UDAX to turn XRP Ledger ideas into market-ready products.

Nine startups joined the UDAX pilot, ending with a demo day at Ripple’s SF HQ event.

Teams posted an average 67% product maturity gain and 92% fundraising confidence boost.

Ripple and the University of California, Berkeley have launched a new accelerator to help developers move blockchain ideas into live products on the XRP Ledger.  The program is called the University Digital Asset Xcelerator, or UDAX. It would provide technical support, mentorship, and access to capital networks. The launch expands Ripple’s academic work through UBRI.

Ripple said UDAX is part of the University Blockchain Research Initiative, a multi-year effort hosted at UC Berkeley. The company described the accelerator as founder-focused and practical. It is designed to reduce friction between early concepts and deployable applications. Ripple engineers and Berkeley faculty worked together to build the model.

UDAX Pilot Launches at UC Berkeley With Nine Startups

The first version of UDAX ran as a pilot cohort in fall 2025 at UC Berkeley. Ripple said nine startups participated in the initial cycle. The program lasted six weeks and focused on product development.

The cohort began with a launch summit in Berkeley. Founders were introduced to XRP Ledger architecture and Ripple’s ecosystem. The platform said the program ended at its San Francisco headquarters. 

Ripple said the demo day featured remarks from co-founder Chris Larsen and CTO Emeritus David Schwartz. Teams presented in front of XRP Ledger developers and Ripple executives. Representatives from 13 venture capital firms also attended. Ripple framed the event as a bridge between builders and funding networks.

Ripple highlighted WaveTip as one of the pilot startups. The company provides instant tips for Twitch streamers. The company said WaveTip completed its transition to the XRP Ledger Mainnet during the accelerator. The platform is now available through the Chrome Web Store.

Another startup, X-Card, worked on converting physical collectibles into liquid digital assets. Ripple said the team onboarded more than $1.5 million in inventory during the six weeks. The company also secured partnerships with merchant communities. 

Related: Ripple Receives Green Light for e-money License in Luxembourg

UDAX also supported BlockBima, which is building automated climate-risk microinsurance for vulnerable communities. Ripple said BlockBima tripled its active user base during the cohort. The team worked with mentors, including Andrea Barrica, to strengthen its investor pitch.

UDAX Teams Show Gains as Finance Use Cases Expand

Ripple reported performance metrics for the participating teams. It said startups achieved an average 67% increase in product maturity after the program. The company also claimed a 92% average increase in fundraising confidence. 

The accelerator also included projects linked to institutional finance and cross-border capital flow. Ripple cited CRX Digital Assets as one example. The firm used UDAX to support exporting Brazilian credit products. The platform said tokenized asset volume increased from $39 million to $58 million.

Stablecoin-based services were also represented in the cohort. Ripple said Blockroll launched stablecoin-backed virtual cards for African freelancers. CEO Sadiq Isiaka said the company would use RLUSD for remittance settlement. He also said the model could support stablecoin-backed debit cards that work globally.

Isiaka added that the system could unlock wealth-building opportunities for users. He referenced stablecoin yields and tokenized US stocks. Ripple included the statement as part of the program update. 

Other teams focused on infrastructure and compliance issues. Ripple said WellArrive refined its product into a dual-sided marketplace model. The company credited legal and corporate affairs mentors for the changes. 

The platform said Spout finalized an equity tokenization model during the program. The startup also secured meetings with venture capital firms. The company also cited Mintara Labs, which worked to validate its go-to-market strategy. Mintara Labs focused on crypto-bank insurance positioning.

UC Berkeley continues to expand its digital asset research footprint. Berkeley Engineering announced a new Center for Digital Assets in conjunction with Ripple Labs last October.

Ripple’s UBRI contributed $1.3 million in Ripple USD to support the initiative. Berkeley faculty also discussed asset “twinning,” which involves making digital replicas of physical assets. These replicas could be analyzed, tested, and assigned value for on-chain trading. 

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BitMine plans a $200M equity investment in Beast Industries, closing Jan 19, 2026.

Investment supports Beast Industries’ growth and potential crypto financial services.

BitMine, holding 4.07M ether, becomes a major strategic backer without operational change.

BitMine Immersion Technologies said it will invest $200 million into Beast Industries, the company behind YouTube creator Jimmy “MrBeast” Donaldson. The equity deal is expected to close on or about January 19, 2026. The investment brings together a major Ethereum treasury firm and a global digital media business, according to company statements.

Deal Structure and Timing Details

BitMine Immersion Technologies, trading as BMNR, confirmed the investment through a press release issued Thursday morning. Notably, the company described the transaction as a direct equity investment into Beast Industries. The agreement outlines a planned closing date around January 19, 2026, subject to customary conditions.

According to the release, BitMine will receive an ownership stake in Beast Industries once the transaction closes. However, the companies did not disclose valuation terms or governance rights. The announcement focused instead on strategic alignment and capital deployment plans.

BitMine Chairman Tom Lee said the investment reflects shared corporate values between both organizations. He also cited Beast Industries’ scale and audience reach across younger demographics. However, the statement avoided financial projections or revenue expectations.

Beast Industries CEO Jeff Housenbold confirmed BitMine will join its existing group of venture investors. He added that the funding supports growth initiatives already under development. The company did not announce changes to management or board composition.

Beast Industries’ Reach and Expansion Plans

Beast Industries oversees Jimmy Donaldson’s YouTube operations, which collectively exceed 450 million subscribers. Notably, the channels generate more than five billion monthly views, according to company disclosures. The business also operates consumer brands such as Feastables and manages Beast Philanthropy.

Beyond content, Beast Industries has signaled interest in financial services. In October, the company filed a U.S. trademark application for “MrBeast Financial.” The filing referenced potential services including cryptocurrency platforms and consumer lending.

Housenbold said the new capital will support plans for a financial services platform using decentralized finance tools. However, he did not provide a launch timeline or regulatory details. The company also did not confirm whether crypto assets would be directly offered.

Tom Lee supported that focus during a CNBC interview. He said ethereum’s smart contract capabilities could support future digital financial products. However, he did not describe specific integrations between BitMine and Beast Industries.

The announcement comes as creator-led companies continue expanding beyond advertising revenue. However, Beast Industries limited its comments to existing filings and previously stated initiatives. No additional product launches were announced alongside the investment.

Related: BitMine Stays a Top Pick in Korea Despite a Brutal 80% Drop

BitMine’s Ethereum Holdings and Market Context

BitMine Immersion Technologies holds more than 4.07 million ether. At current prices, those holdings are valued near $13.6 billion. Notably, that represents over 3.36% of ethereum’s circulating supply.

The company also holds approximately $1 billion in cash, based on the same dataset. BitMine describes itself as the largest corporate holder of ethereum globally. It also promotes a digital asset strategy aimed at institutional and public market participants.

Alongside Tom Lee, BitMine investors include Cathie Wood of ARK Invest, Bill Miller III, and Galaxy Digital. Lee also serves as head of research at Fundstrat Global Advisors. These affiliations were referenced during the announcement and related interviews.

Following the news, BitMine shares rose more than 1% in premarket trading Thursday. Notably, the stock has gained over 20% since the start of the year. That performance exceeds the S&P 500’s reported gain over the same period.

The companies emphasized that the transaction reflects collaboration rather than operational integration. However, both sides referenced potential exploration of decentralized finance applications. No formal partnership agreements were disclosed beyond the equity investment.

The $200 million investment places BitMine among Beast Industries’ significant backers while maintaining Beast’s independent operations. The deal also formalizes a link between a major ethereum holder and a leading digital media company. The transaction is scheduled to close by January 19, 2026, according to the companies.

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Ethereum holds a daily triangle breakout as price stabilizes above former resistance levels

Weekly structure rebounds from long-term support while the broader rising wedge remains intact

Network data shows new addresses nearly doubling as on-chain activity hits record levels

Ethereum enters early 2026 with a quieter confidence than the headlines might suggest. The token’s price is no longer surging, yet it is no longer unraveling either. Instead, charts and network data point to a market that has shifted out of compression and into a more deliberate phase, where structure and usage are beginning to line up.

Recent sessions reflect that tone. A modest pullback followed a technical breakout, while on-chain figures show a sharp rise in new participants rather than recycled activity. Taken together, the signals describe a network regaining balance after months of uncertainty, with price stabilizing as underlying usage expands.

Daily Chart Shows Breakout Holding Its Ground

On the daily chart, the ETH price has resolved a symmetrical triangle that had been tightening since November. The formation reflected shrinking volatility and indecision, conditions that often precede a directional move. In ETH’s case, the upper boundary has now been cleared.

The breakout was later followed by a controlled pullback that retested the former resistance trendline, a behavior commonly viewed as technical confirmation rather than weakness. That retreat held above the 23.6% Fibonacci retracement near $3,171.9, turning what could have been a rejection into a controlled retest.

Source: TradingView

During the latest session, Ethereum traded close to $3,294, after marking an intraday high of $3,295.5 and a low of $3,282.5. The pullback was shallow, and the broader structure remained intact.

Price is also holding above the upper trendline of the former triangle range, a detail that suggests buyers are defending higher levels rather than waiting for deeper discounts. In technical terms, this behavior typically supports the validity of the breakout rather than challenging it.

Above current levels, Fibonacci retracements provide a clear map of overhead supply. The 38.2% level sits near $3,512.7, followed by $3,788.2 at the 50% mark and $4,063.6 at 61.8%. Higher up, the 78.6% retracement near $4,455.8 and the prior swing high around $4,955 remain longer-term reference points rather than immediate hurdles.

Weekly Structure Shows Bounce From Long-Term Support

The weekly chart tells a more cautious story. ETH’s price remains contained within a large rising wedge that has guided the market for years. This structure has repeatedly capped advances near the $4,900–$5,000 zone, an area reinforced by the 100% Fibonacci level at $4,955.

Recently, the altcoin’s price rebounded from the lower boundary of that wedge. The move coincided with support around the 38.2% retracement at $2,749 and a successful defense of the 200-week moving average near $2,464. Those levels have historically marked important inflection points during broader cycles.

Source: TradingView

Similarly, momentum has improved on shorter horizons. Ethereum’s price has reclaimed the 50-week moving average around $3,070 and is stabilizing above the 50% Fibonacci level at $3,170. Moreover, the weekly RSI has recovered toward the midline, reflecting improving balance without the stretched conditions seen near major peaks.

Related: TRON Holds Long-Term Ascending Channel as Weekly Trend Stays Firm

Network Metrics Point to Fresh Demand

Away from the charts, network data shows a clear shift in participation. According to figures shared by Glassnode, month-over-month activity retention surged in the “New” cohort, which tracks addresses interacting with the network for the first time.

Source: Glassnode

New addresses rose from roughly 4 million to about 8 million over the past 30 days, nearly doubling in a single month. That jump stands out against a steadier base of returning users, suggesting recent growth is being driven by fresh entrants rather than repeated activity from the same wallets.

Longer-term metrics reinforce the trend. Daily active addresses have climbed from around 410,000 a year ago to more than 1 million in mid-January. At the same time, daily transaction counts reached a record 2.8 million, up about 125% year over year.

Source: Etherscan

Glassnode has noted that activity retention helps separate durable growth from brief spikes. The current profile points to users not only arriving but also beginning to stay active, adding weight to the view that network usage is broadening as 2026 gets underway.

The post Ethereum Price Structure Firms Up as On-Chain Demand Grows appeared first on Cryptotale.

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X revokes API access for InfoFi reward apps, linking them to spam and AI replies.

Nikita Bier says token-paid posting harms content quality and drives inorganic engagement.

ZachXBT flags AI spam campaigns, while Nic Carter backs tougher enforcement on X.

Elon Musk’s social platform X has moved to restrict crypto projects that pay users to post for token rewards. Product chief Nikita Bier said X will no longer allow such apps. He blamed the model for reply spam and low-quality AI content. X has also revoked API access for several projects linked to InfoFi incentive campaigns.

Bier said the crackdown targets InfoFi structures that attempt to financialize attention on X. He argued that token-linked posting rewards distort discussion quality and encourage inorganic engagement. He added that the user experience should improve as bots lose motivation. The platform expects automated spam accounts to slow down once income-focused posting stops.

We are revising our developer API policies:

We will no longer allow apps that reward users for posting on X (aka “infofi”). This has led to a tremendous amount of AI slop & reply spam on the platform.

We have revoked API access from these apps, so your X experience should…

— Nikita Bier (@nikitabier) January 15, 2026

KAITO Drops After X Crackdown Forces Kaito Reward System Overhaul

The market reacted quickly after the enforcement message spread. KAITO, the token tied to the Kaito AI protocol, fell sharply within the day. CoinMarketCap data showed the price sliding from about $0.70 to around $0.54 in roughly 24 hours, down by 20% over the past 24 hours.

In an X post, KaitoAI founder Yu Hu responded by announcing major changes inside Kaito’s reward system. He said Kaito is sunsetting Yaps and shutting down incentivized leaderboards. He presented the move as the start of “a new era” called Kaito Studio. 

https://t.co/K1J71SYCpy

— Yu Hu (@Punk9277) January 15, 2026

Hu described Yaps as a permissionless rewards layer for users and creators. It aimed to reward people for expanding brand visibility in public discussions. He said it reflected a Web3 ethos built around open access and merit-based ranking.

Over the last year, Hu said Kaito tested multiple upgrades to improve quality. He cited stricter eligibility requirements and higher leaderboard thresholds. He also referenced social filters and on-chain screening methods. Despite those efforts, he said spam and low-quality content continued across the wider crypto space.

Hu linked the continued problems to platform-level algorithm changes on X. He also pointed to other InfoFi projects launching with weaker thresholds. Some competing systems, he claimed, had no meaningful restrictions. 

He said Kaito played a marketing role for many crypto teams. He also claimed the protocol helped with awareness building and user acquisition. Hu stated that Kaito onboarded hundreds of thousands of new users into crypto. He added that South Korea became the largest country by user base for Kaito.

Kaito Studio Shifts to Tier-Based Creator Deals as InfoFi Faces Backlash

Hu said the wider market is moving away from airdrop-style distribution and high-volume posting models. He argued that teams now prefer more targeted reward structures. He said Kaito heard this shift directly from project teams. He also said he observed changes in how rewards and creator campaigns are designed.

Related: India Targets Crypto-Linked Scam After $1.3M Asset Seizure

Kaito Studio would move toward a tier-based marketing structure, according to Hu. Brands would select creators who meet defined criteria and deliver work under clear scopes. He said the platform would rely more on analytics and relevance. 

Hu said the new model is designed to benefit high-quality creators more than mass posters. He claimed creators would gain more value through relevance-based matching. He also said creators who previously felt detached from Kaito could benefit. 

He added that Kaito Studio aims for cross-platform reach beyond X. He listed YouTube and TikTok as expansion targets. He also described cross-vertical opportunities outside crypto, including finance and AI. Hu said the creator economy is worth more than $200 billion and Kaito wants to expand beyond its current bubble.

After X acted, criticism spread across the crypto community. On-chain investigator ZachXBT blamed some teams for running AI-generated spam through incentivized posting campaigns. The platform argued that reward models encouraged low-effort content at scale. 

Commentator Nic Carter supported X’s enforcement stance. He urged the platform to keep removing sources of inorganic engagement. The response reflected rising frustration with spam-heavy campaigns. It also highlighted the growing conflict between InfoFi incentives and platform content integrity goals.

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The Decred token climbs over 60% in a week as price reclaims major resistance levels

Decred’s stakeholders approve strict treasury limits that boost long-term confidence

Privacy coin demand grows yet DCR leads sector performance with stronger structure

Decred has stepped ahead of the broader privacy-coin group after a sharp seven-day climb that pushed the token beyond 60% and lifted it toward the $29 region. The move has unfolded steadily rather than explosively, and the tone of trading suggests a market with thinning sellers instead of traders chasing a sudden story.

Over several sessions, the token has pressed upward in a sequence of rising highs and rising lows, a pattern that started over the weekend and kept building through midweek. A break above the long-standing $23 ceiling opened the next stretch, and the price drifted into the upper zone near $29, where earlier rallies had stalled.

A Breakout Driven by Structure, Not Speculation

The daily setup looks different from past attempts. The Decred price pushed back into the $25–$28 band, an area that once acted as resistance, and held that ground with little hesitation. The shift reads more like a market settling into a new range than one reacting to a single headline.

Technical signals further align with the trend shift. On-balance volume has angled upward throughout the climb, pointing to sustained accumulation even with trading volume remaining moderate.

Source: TradingView

Similarly, the MACD has crossed into positive territory with an expanding histogram, marking a buildup in momentum rather than a brief spike. Should the price remain above $25, data shows the next resistance layers near $35 and $42, with thicker supply gathering above $36.

Still, the market is not without guardrails. The RSI sits around 77, a level that historically limits immediate upside and often produces pauses or shallow retracements. If cooling occurs, traders will watch the $21 and $18 regions and deeper historical levels between $15 and $12.

Governance Shift Sparks Stronger Market Confidence

Another piece shaping sentiment is the decisive approval of DCP-0013, a treasury-governance proposal that sets a monthly spending limit of 4% of available funds. According to reports, more than 99% of participating stakeholders supported the measure.

The full rationale and mechanics behind this consensus change are documented in DCP-0013:https://t.co/c2KzpkCgvx

— Decred (DCR) (@decredproject) January 13, 2026

The reaction has been firm, largely because the proposal signals a long-term focus on measured spending rather than expansionary treasury use. Decred’s supply schedule amplifies the impact of such changes.

The project runs with a 21 million cap, over 82% of which has already been mined, and issuance declines every three weeks. With supply tightening on a predictable rhythm, any governance decision that emphasizes restraint tends to draw attention.

Privacy Coin Sector Gains, but Decred Sets the Pace

Other privacy-focused assets, including Dash and Monero, have seen upward movement during the same stretch, though none at the pace Decred has recorded. Sector-wide attention has offered a gentle uplift, but most of the momentum behind this particular run appears tied to its own structural developments rather than broad enthusiasm.

A wider look shows why the current setup stands out. A breakout in late 2025 collapsed quickly and erased nearly 80% of its progress, sending the token back to a lower base. This time, the pattern is building in steps rather than leaps, and price is forming a more organized ascent.

Related: ASTER Price Steadies as Binance Wallet Launch Lifts Sentiment

Conclusion

Whether the token extends its rise depends on how well it holds above the reclaimed levels and how quickly overbought conditions cool. The market now leans toward a structure that favors continuation, though resistance bands ahead will test that rhythm.

For now, Decred sits at the front of the privacy-coin field, supported by its breakout, stronger governance footing, and a supply environment that keeps tightening as demand edges higher.

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Machado handed her Nobel Peace Prize medal to Trump during a White House meeting.

Trump expressed gratitude online while Nobel officials restated medal rules.

The meeting followed a debate over Venezuela’s leadership and election timing.

Venezuelan opposition leader María Corina Machado met Donald J. Trump at the White House on Thursday and presented him with her Nobel Peace Prize medal during the talks. A White House official confirmed Trump plans to keep the medal, despite rules stating the prize is not transferable.

Machado described the meeting as “excellent” and said the gesture recognized Trump’s commitment to the freedom of the Venezuelan people. The White House later shared a photo showing Trump holding a gold-colored framed display containing the medal and a dedication message.

President Donald J. Trump meets with María Corina Machado of Venezuela in the Oval Office, during which she presented the President with her Nobel Peace Prize in recognition and honor. pic.twitter.com/v7pYHjVNVO

— The White House (@WhiteHouse) January 16, 2026

The inscription addressed Trump directly and thanked him for what it called extraordinary leadership in promoting peace through strength. It described the medal as a personal symbol of gratitude on behalf of the Venezuelan people.

White House Meeting and Political Context

Machado’s visit followed Trump’s earlier decision to dismiss the idea of installing her as Venezuela’s leader after the removal of Nicolás Maduro. Reports linked that decision to strained relations between Machado and members of Trump’s team.

Concerns also centered on whether Machado’s movement could manage Venezuela’s internal security situation. These factors reportedly shaped Trump’s reluctance to offer direct political backing.

During the meeting, Machado said she offered the medal in recognition of Trump’s “principled and decisive action to secure a free Venezuela.” The Nobel Committee has reiterated that Nobel Peace Prize medals cannot be transferred.

Symbolism and Public Reactions

Speaking to reporters, Machado compared the gesture to an 1825 moment when the Marquis de Lafayette sent a gold medal honoring George Washington to Simón Bolívar. She described that act as a symbol of shared struggle against tyranny.

After the closed-door meeting, Machado greeted supporters near the White House gates. She hugged several people and told the crowd, “We can count on President Trump,” prompting brief chants thanking him.

Trump later posted on Truth Social that Machado presented him with her Nobel Peace Prize for work he claimed to have done. He called the gesture a sign of mutual respect and thanked her publicly.

Prize Rules, Market Context, and Open Questions

Despite Trump’s statement, uncertainty remains over whether he formally accepted the medal. He did not share an image of it, and the Nobel Peace Center repeated its rules on possession.

Machado received the award last year for her struggle against Maduro’s authoritarian government. She last appeared publicly in Norway, where her daughter accepted the prize on her behalf, after Machado spent 11 months in hiding.

Related: SEC’s Cryptic Stance on US Seizure of Venezuela’s Bitcoin

Trump has offered few details on future elections in Venezuela and provided no timetable during the discussion. That lack of clarity raises a central question: can symbolic gestures shift concrete policy outcomes?

The WLFI token traded lower over the past 24 hours, with the price slipping to $0.1670, reflecting a 1.95% daily decline, according to CoinMarketCap data. The chart shows intraday volatility, with WLFI briefly moving above $0.170 before sellers pushed the price toward the $0.166–$0.167 range during the Asian session.

Market capitalization decreased to $4.46 billion, a 1.94% decline, while 24-hour trading volume reached $84.19 million, representing a 47.35% decrease. The volume-to-market capitalization ratio stands at 1.89%, indicating lighter trading activity relative to valuation. Fully diluted valuation is listed at $16.7 billion.

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Bank leaders warn stablecoins could pull trillions from deposits and limit loan funding.

Lawmakers seek to block yield on idle stablecoins while allowing activity-based rewards.

Banks say deposit losses may raise funding costs and affect small business credit.

Bank of America CEO Brian Moynihan told analysts that up to $6 trillion in U.S. deposits could move into stablecoins. He delivered the warning during a Wednesday earnings call. That amount equals about 30% to 35% of total U.S. commercial bank deposits, based on Treasury Department studies Moynihan cited. The projection centers on how lawmakers treat interest-bearing stablecoins.

NOW: Bank of America, CEO warns up to $6 trillion in deposits could shift to stablecoins on Ethereum if allowed to pay interest by The CLARITY Act.

Banks are scared users will go to the better product pic.twitter.com/boFnWBzph3

— Ethprofit.eth (@Ethprofit) January 15, 2026

Moynihan said the issue matters because deposits fund lending. When deposits leave banks, loan capacity declines. Banks then seek other funding that costs more. The discussion comes as Congress reviews a new crypto market structure proposal. Lawmakers continue to debate whether stablecoin issuers should offer yield on idle balances.

Stablecoins Compared With Money Market Funds

Moynihan said stablecoins resemble money market mutual funds in structure. Reserves typically sit in short-term instruments like U.S. Treasuries. They do not recycle into bank lending. As a result, funds remain outside the traditional banking system. That shift reduces the deposit base banks rely on to support household and business loans.

Moynihan said deposit losses force banks to adjust. They either reduce lending or turn to wholesale funding markets to replace lost deposits. Wholesale funding comes at a higher cost than retail deposits. Those higher costs can pass through to borrowers over time.

Moynihan explained that deposits serve as funding, not just transaction plumbing. When deposits move away, the entire lending model changes.

Lawmakers Target Interest and Yield Features

Legislative talks now focus on a draft crypto market structure bill. Senate Banking Committee Chair Tim Scott released the latest negotiated text on Jan. 9. The proposal bans digital asset service providers from paying interest or yield for simply holding stablecoins. The restriction targets idle balances sitting in user accounts.

I’ve spoken with leaders across the crypto industry, the financial sector, and my Democratic and Republican colleagues, and everyone remains at the table working in good faith.

As we take a brief pause before moving to a markup, this market structure bill reflects months of…

— Senator Tim Scott (@SenatorTimScott) January 15, 2026

At the same time, the bill allows activity-based rewards. Permitted incentives include staking, providing liquidity, or posting collateral. Lawmakers framed the distinction as a way to limit deposit-like competition. The goal centers on preventing stablecoins from acting like interest-bearing bank accounts.

The draft bill reflects concerns raised by banks and regulators during earlier hearings and consultations.

Banking Groups Echo Deposit Drain Concerns

Moynihan’s comments align with warnings from the American Bankers Association. More than 100 community financial institutions sent a letter to U.S. senators on Jan. 5. The group urged lawmakers to close what it called dangerous loopholes in stablecoin legislation. The banks said issuers increasingly offer yield-like incentives.

According to the letter, those incentives threaten to pull savings away from banks. Community banks rely on deposits to fund loans to households and small businesses. Moynihan told analysts that Bank of America would adapt to customer demand. He said the bank would remain fine regardless of outcomes.

Still, he warned Congress that trillions could migrate off bank balance sheets. He said that shift could raise borrowing costs, with smaller and midsize businesses likely affected first.

Related: Germany Pushes MiCAR as Banks Open Regulated Crypto Access

Trillions at Stake as Policy Lines Are Drawn

The debate now sits at a critical junction as lawmakers weigh financial stability against innovation. Bank leaders warn that large-scale deposit migration could reshape credit markets. At the same time, stablecoin rules aim to limit direct competition with bank deposits. As Congress refines the framework, the outcome will determine whether trillions remain within banks or continue shifting toward blockchain-based payment and reserve systems.

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Russia extends bank reporting to include detailed crypto cross-border transfers.

Banks must disclose senders, recipients, methods, intermediaries and fees charged.

Rules also cover digital assets, NFTs, online services and cross-border payments.

Russia has expanded bank reporting rules to include customer cryptocurrency transactions. The Bank of Russia released draft regulations covering cross-border transfers by Russian citizens. Under the proposal, banks must report who sent and received funds, how transfers occurred, which intermediaries were used, and the fees charged.

Crypto and Cross-border Flows

The Bank of Russia is preparing amendments to reporting rules for financial institutions handling individual money transfers. Notably, the changes extend to cryptocurrency-related operations conducted through banks. According to a draft regulation, banks must submit expanded details on almost all international transactions by individuals.

The regulator will require banks to identify whether senders and recipients are Russian residents. However, banks must also disclose the exact transfer method used. Additionally, reports must list intermediaries involved and the fees charged on each transaction.

The reporting framework also demands clarity on transaction sources. Banks must specify whether funds originated from cash, bank accounts, cards, or electronic instruments. Consequently, each transfer will carry a full transaction profile submitted on a per-transaction basis.

Within this structure, cryptocurrency transactions receive specific treatment. Banks must separately report purchases and sales of digital currencies. Moreover, the Central Bank defines digital currency as electronic data circulating on distributed ledger systems.

Digital Assets and Online Payments 

Beyond cryptocurrencies, the reporting rules widen to cover digital financial assets, known as DFAs under Russian law. These include tokenized rights to real-world assets, such as securities and precious metals. Notably, banks must submit these transactions through a dedicated reporting section.

The draft rules also reference non-fungible tokens and similar digital instruments. Transactions involving utility digital rights will require separate classification. As a result, banks must differentiate investment activity from other digital asset usage.

However, the scope does not stop at investment-related transfers. The Central Bank also requires tracking of video game purchases and online service payments. These include software, insurance and communication services.

More detailed data will also apply to online purchases of physical goods. For example, banks now have to share more detailed information when vehicles are bought through online and digital marketplaces. This wider reporting is meant to ensure that new types of economic activity are properly captured in official financial records.

The Bank of Russia says these updates are meant to keep up with changes in the economy. In simple terms, the goal is to get more accurate data on money flows in and out of the country, foreign debt, and international investments.

Related: Russia Rolls Out Tiered Crypto Access for Domestic Investors

Legislative Backing and Institutional Exposure 

Alongside reporting reforms, lawmakers are advancing legislation to formalize crypto oversight. Anatoly Aksakov, chairman of the State Duma Committee on Financial Markets, confirmed a bill targeting crypto reporting. Authorities aim to pass the legislation during the spring 2026 session.

The bill aligns with the Bank of Russia’s regulatory concept unveiled last December. That proposal classifies Bitcoin, Ether, and similar assets as monetary assets. It also allows limited retail access for non-qualified investors after risk awareness testing.

Despite this access, domestic crypto payment bans remain in place. Regulators continue to prioritize ruble stability through controlled crypto usage. Consequently, the framework emphasizes monitoring rather than liberalization.

Separately, the Bank of Russia plans a market-wide crypto analysis in 2026. Several commercial banks will submit data on crypto investments and loans to crypto companies. The review is meant to find out how much exposure regulated banks and financial institutions have to crypto.

It follows guidance issued in October that allowed banks to work with crypto assets. It also builds on a late-2024 decision that officially recognized crypto mining as a regulated industrial activity. In December 2025, a Kremlin official even referred to mining income as a “hidden export,” noting its impact on currency markets.

Under the new reporting rules, digital assets and cross-border transfers will be more closely monitored by banks. Commercial banks must now submit detailed transaction data, and regulators will assess how exposed institutions are to crypto assets. These steps are intended to get Russia’s financial system ready for full crypto regulation expected in 2026.

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Indian crypto exchanges urge budget tax changes, citing liquidity loss despite compliance.

Industry leaders say 30% gains tax and 1% TDS push users offshore under current rules.

Budget debate grows as India tightens KYC rules and flags offshore crypto income risks.

India’s February Union Budget has renewed focus on crypto tax laws as domestic exchanges seek changes to the current framework. Industry leaders say the existing rules limit growth, despite stronger compliance standards and tighter regulatory oversight across the sector.

India introduced its crypto tax regime in 2022. The framework applies a flat 30% tax on digital asset gains. It also enforces a 1% tax deducted at source on most transactions. Traders cannot offset losses against gains.

According to crypto platforms, these regulations no longer accurately represent the state of the market. They contend that more transparent regulatory frameworks now govern the use of digital assets. They also point to growing institutional adoption and stronger enforcement tools.

The renewed calls come as policymakers finalize fiscal priorities. The Union Budget, scheduled for February 1, offers a rare opportunity for tax adjustments. Officials can recalibrate taxes without passing new legislation.

Exchanges seek relief from transaction-level taxes

Domestic exchanges say transaction taxes place sustained pressure on compliant platforms. They warn that heavy tax friction drives users and liquidity offshore. As a result, oversight goals face growing challenges.

Nischal Shetty, founder of WazirX, said India stands at a key moment. He told Cointelegraph that the country can refine its crypto framework. He highlighted the need to balance enforcement with innovation.

Shetty said the framework should align with global Web3 progress. He pointed to wider institutional participation and evolving regulations abroad. According to him, India has strengthened oversight since 2022.

He added that lower transaction-level taxes could restore onshore liquidity. He also said reviewing loss offset rules could improve compliance. In his view, such changes would keep economic activity within India.

Raj Karkara, chief operating officer at ZebPay, echoed similar concerns. He described the upcoming budget as a pivotal moment for crypto. Karkara said the 1% TDS continues to hurt trading activity. He explained that reducing the TDS could improve liquidity. He also said reviewing the flat 30% tax could create predictability. According to him, stable tax rules help long-term participation.

Global exchanges have also joined the discussion. SB Seker, Binance’s APAC head, said the budget offers a chance for recalibration. He said retail participation has grown steadily in India. Seker called for a system focused on realized capital gains. He suggested limited loss offsets and removal of transaction levies. He said this approach would improve fairness for users.

He also stressed the need for clear operating standards. He said alignment with AML, KYC, and investor protection rules remains essential. According to him, clarity would support job creation and domestic capabilities.

Related: India Leads Global Countries in Crypto Ownership Worldwide

Reform calls rise amid tighter enforcement

The push for tax reform comes during stricter enforcement. Indian regulators have expanded compliance requirements for crypto platforms. Authorities say these steps strengthen oversight and protect users.

On Monday, the Financial Intelligence Unit announced new KYC rules. Exchanges must now verify users through live selfie checks. They must also use geolocation, IP tracking, and bank verification.

The rules also require additional government-issued identification. Regulators say the measures improve traceability. They also aim to reduce misuse of digital asset platforms.

Meanwhile, tax authorities have raised enforcement concerns. Officials say offshore exchanges complicate income tracking. Private wallets and decentralized tools also pose challenges.

On January 8, Income Tax Department officials briefed lawmakers. They warned that cross-border platforms limit visibility. They also highlighted gaps in tracking taxable crypto income.

Despite these concerns, exchanges say compliance standards already meet regulatory goals. They argue that tax relief would strengthen oversight outcomes. Industry leaders now await signals from the February budget.

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Gold breaks above $4,600 as Trump-driven uncertainty fuels safe-haven demand worldwide.

Powell probe heightens rate and liquidity fears, pushing investors deeper into gold trades.

Australia benefits as gold lifts exports, taxes, and RBA reserves, reviving old sale focus.

Gold is surging as policy uncertainty spikes in the United States. Investor risk appetite has weakened as President Donald Trump’s actions generate fresh volatility. This week, the gold price pushed above $4,600 per ounce for the first time ever. That breakout signals rising demand for safety as global markets brace for unstable headlines.

According to a report, political risk climbed after a wave of aggressive signals from Trump this month. A military incursion into Venezuela and the capture of its leader were ordered, according to the text. Readiness to “take” Greenland was also announced publicly. Warnings were issued toward Cuba, Colombia, and Mexico as well.

Gold Jumps as Powell Probe Fuels Rate And Liquidity Fears

Domestic uncertainty deepened after Trump directed the Justice Department to investigate Federal Reserve Chair Jerome Powell. Tension around monetary policy often hits markets fast because it impacts rates and liquidity. Reports also described Trump appearing to fall asleep during meetings. 

Uncertainty remains the key market driver in this environment. Traders struggle to price risk when policy direction changes without clear rules. Even though economic policy uncertainty has eased since last year’s tariff chaos, the level remains far above normal. It is still about three times higher than when Trump won the election in November 2024, based on the provided text.

Momentum has been extreme compared with past crisis cycles. The metal is up roughly 73% versus levels seen when Trump took office 14 months ago. That climb has been faster than during the COVID-era panic.

Historical comparisons show few rivals to the speed of this run. Post-9/11 moves were slower than the current rally, according to the same source material. The only faster rises were linked to the 1973 OPEC crisis and the 1979 oil shock after the Iranian revolution. 

Crypto traders recognize the same mechanics in their own markets. Sudden risk events usually force capital into safety trades. In digital assets, that could mean stablecoins or Bitcoin dominance spikes. In traditional finance, gold still carries the most established crisis hedge reputation.

Related: Venezuela Turns to USDT as Stablecoins Bypass Sanctions

Australia is benefiting indirectly from the rally. The country is the third-largest gold producer globally. Rising bullion prices increase the value of its gold exports. Stronger export numbers could lift national income and improve trade performance.

Gold Boosts Australia’s Taxes and RBA Reserves as Old Sale Draws Scrutiny

Tax receipts are rising alongside mining profits. Gold firms generate higher margins when the price climbs this aggressively. Australia’s mid-year economic and fiscal outlook noted the change. Corporate tax revenue was lifted by $4.3 billion for 2025–26, driven partly by higher bulk commodity and gold prices.

Direct gains are also appearing on the central bank balance sheet. The Reserve Bank of Australia holds around 80 tonnes of gold. Appreciation increases the value of reserve assets. Such gains strengthen headline reserve numbers even without any new purchases.

Reserve valuation has already jumped sharply. RBA gold assets rose from $9.6 billion in December 2024 to $15.7 billion last month. That marks a 64% increase. A record-high valuation is now on the books.

Long-term strategy is also back in focus due to the rally. In 1997, the RBA sold about two-thirds of its gold holdings. A total of 167 tonnes was sold from the 250 tonnes it held. Treasurer Peter Costello supported the move at the time.

Arguments for the sale centered on weak gold performance and a global trend of central bank selling. Costello said reinvested proceeds should yield higher annual profits than holding bullion. Short-term market cycles made the decision look smart for a while. 

Gold’s record push reflects how global capital reacts when narratives turn unstable. Risk assets thrive on predictable policy and clear signals. Safe havens win when uncertainty dominates. That pattern now looks active again, and gold is taking the lead even as crypto continues to grow as a competing hedge.

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ASTER trades just below $0.76 as volume jumps following Binance Wallet futures integration

Futures volume and open interest rise together, pointing to fresh positions entering the market

Support holds near $0.72, while higher liquidity reduces downside risk during consolidation

ASTER is consolidating just beneath a level that has repeatedly stalled advances, following a sharp pickup in activity tied to new derivatives access. In the recent past, narrower price movements could be observed, with the coin staying below its previous peaks despite the increased volumes, which is indicative of accumulation rather than momentum chasing.

Currently, ASTER is priced at approximately $0.7455, which is a decline of roughly 4.15% for the day. Over the past week, the token’s price has ranged between $0.6823 and $0.7817, while its 30-day view remains roughly 8% lower. The daily pullback has been modest, but the underlying data shows a market that is far more active than the price alone would imply.

According to CoinMarketCap data, ASTER’s trading volume surged 129.63% to roughly $384 million in the last 24 hours. That increase exceeded the broader crypto spot volume rise of 122.69%, pointing to demand concentrated around this token rather than a general market swell. The timing places the focus squarely on recent ecosystem developments rather than sentiment alone.

Futures Activity Signals Fresh Exposure

Derivative metrics tell a similar story. Data from CoinGlass shows futures trading volume rising 46% to about $859 million, while open interest climbed 2.15% to $456 million. The combination matters. Rising volume alongside higher open interest typically reflects new positions entering the market, not just traders shifting or closing existing bets.

Source: CoinGlass

Meanwhile, key levels remain intact. Support has developed near $0.72, where bids have absorbed recent weakness. Overhead, resistance around $0.78 continues to cap upside attempts. Yet, if that ceiling is cleared with follow-through, the next area of interest sits between $0.80 and $0.97, based on recent trading ranges rather than longer-term projections.

Source: TradingView 

The scale of the volume increase also improves near-term liquidity conditions. That tends to limit sharp dislocations and can help prices hold together during periods of consolidation. The fact that activity growth outpaced the wider market adds weight to the view that accumulation is asset-specific.

Binance Wallet Integration Expands Reach

Notably, a key driver behind the surge in activity appears to be the January 14 integration of Aster’s perpetual futures into Binance Wallet. The update allows users to trade perpetual contracts directly from the wallet while retaining custody of their assets. The rollout was accompanied by a 200,000 USDT reward campaign aimed at accelerating early usage.

You can now trade Perpetual Futures on Binance Wallet (Web) – provided by @Aster_DEX .

Earn Aster points when you trade.

Participate in an exclusive campaign for Binance Wallet users, share up to 200,000 USDT in rewards!

Start now https://t.co/5uaL7fpBSI pic.twitter.com/Ko2fOfbbNb

— Binance Wallet (@BinanceWallet) January 14, 2026

The integration effectively opens derivatives access to a much broader audience within the Binance ecosystem. Lower friction, combined with incentives, often translates into higher participation, particularly from traders who prefer to operate within a single interface. In this case, the timing aligns closely with the jump in both spot and futures metrics.

In practical terms, the added functionality also increases the token’s role within the trading stack, where it can be used for fees or collateral. That links activity more directly to utility rather than short-term narrative interest.

Related: Why ENA Soared 18%: Key Drivers Explained With Technical Analysis

Technical Structure Draws Analyst Attention

Not to leave out, market analyst Captain Faibik pointed to a constructive technical setup in a chart shared on January 15. The daily chart highlights a falling wedge formation, with price compressing between descending trendlines after a prolonged period of pressure.

Source: X

According to the projection marked on the chart, a confirmed breakout from the upper boundary could open the way toward the $1.65 region. From the area near $0.75, that would represent a significant 119 percent gain. The analyst described the current range as the last accumulation phase within that broader structure before a mega bullish rally. 

For now, the market remains focused on nearer-term levels. Resistance around $0.76 and support near $0.72 continue to define the trading landscape, while elevated volume suggests participants are positioning ahead of a clearer directional move rather than reacting after the fact.

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NYC Token crashed by nearly 80% within an hour, leading to rug pull allegations.

EX mayor Adams team denied moving funds as on-chain data showed $3M withdrawals.

One-sided liquidity design allowed USDC movements, raising transparency concerns.

Former New York City Mayor Eric Adams is denying allegations tied to a sharp collapse of the NYC Token, a Solana-based memecoin launched Monday. The token lost nearly 80% within its first hour, leading to claims that $3.4 million in liquidity was withdrawn. 

Adams Team Pushes Back as On-Chain Claims Spread

Shortly after the NYC Token launch on Monday, the token surged to a market cap near $580 million. However, prices fell sharply within 30 minutes, wiping out hundreds of millions in value. As the drop accelerated, crypto analysts began tracking wallet activity tied to the token’s deployer.

Notably, blockchain data flagged a withdrawal of roughly $3 million in USDC liquidity near the market peak. This movement coincided with the steep price decline. As a result, accusations of a potential rug pull spread rapidly across X.

In response, Todd Shapiro, a spokesperson for Eric Adams, issued a firm denial on Wednesday. “To be absolutely clear: Eric Adams did not move investor funds,” Shapiro said. He also stated Adams did not profit from the token launch.

Shapiro further insisted that no funds were removed from the NYC Token liquidity pool. He described the allegations as false and unsupported by evidence. According to him, market volatility caused the sudden price collapse.

However, scrutiny intensified as analysts compared those claims with on-chain records. Data suggested that about $1.5 million was later added back after prices had already fallen more than 60%. Roughly $900,000, however, did not return.

Liquidity Rebalancing Statement Raises Questions

As scrutiny continued, earlier posts from the NYC Token’s official X account resurfaced. The team stated it had “rebalanced the liquidity” due to strong launch demand. It also said additional funds were added to the liquidity pool afterward.

However, that explanation appeared to conflict with Shapiro’s assertion that no funds were removed. Analysts highlighted the token’s launch structure. The NYC Token reportedly used a one-sided liquidity pool containing only the token itself. As buyers entered using USDC, liquidity accumulated fast.

Reportedly this setup allowed developers to withdraw USDC without selling tokens directly. That method, some noted, can mask large exits during peak demand. Blockchain analytics platform Bubblemaps also flagged a wallet linked to the deployer. The wallet withdrew around $2.5 million during the surge. 

While some funds returned later, the timing raised concerns. Meanwhile, Delaware records show that an entity called C18 Digital is associated with the project. The company was incorporated on December 30, 2025, shortly before the token launch.

Related: Eric Adams’ NYC Token Surges, Then Crashes Over 80%

Civic Pitch, Market Fallout and Current Trading Levels

Despite the controversy, Adams has continued to frame the NYC Token around civic goals. In interviews, including with FOX Business, he said proceeds would support education programs. He also cited scholarships for underserved New York City students.

Adams also said funds would help raise awareness around antisemitism and anti-Americanism. However, details on fund management or nonprofit distribution remain undisclosed.

Shapiro said the token’s performance has not changed Adams’ position. He added that Adams remains committed to responsible innovation and emerging technologies. Market data shows limited recovery. 

More than $400 million in market value has been erased since that high. Trading has remained flat since the initial collapse, with volume significantly reduced. The episode has renewed attention on politically branded tokens. For now, Adams’ team continues to deny wrongdoing, while on-chain activity remains under review.

The NYC Token launch combined fast price appreciation, sharp liquidity movements and public denials from Eric Adams’ team. On-chain data shows large withdrawals, partial returns and unresolved gaps. As trading stabilizes at lower levels, questions around structure, disclosures and fund handling remain central.

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India froze $1.3 million  in property and cryptocurrency assets under PMLA rules.

The fraud operation combined fake land sales with cryptocurrency return promises.

Authorities traced $3.2 million in crime proceeds across cash, property, and tokens.

India’s financial crime watchdog has frozen assets worth about $1.3 million, including cryptocurrency, as part of a wider $3.2 million investment fraud probe involving land and digital tokens. The Enforcement Directorate, operating through its Chandigarh Zonal Office, confirmed the action on January 13, 2026, under the Prevention of Money Laundering Act.

Officials said the move followed an investigation into a scheme that combined fraudulent land sales with promises of high cryptocurrency returns, affecting roughly 20 investors.

India Freezes $1.3M in Crypto-Linked Fraud Case

India’s Enforcement Directorate (ED) has frozen assets worth about $1.3 million, including cryptocurrencies, in a $3.2 million investment fraud case, according to @UEEx_official.

Authorities said the assets—seized under the… pic.twitter.com/K2MWuR5J2a

— ME Group (@MetaEraHK) January 15, 2026

Enforcement Directorate Moves to Secure Assets

The Enforcement Directorate said it provisionally attached movable and immovable properties valued at Rs. 10.86 crore under the Prevention of Money Laundering Act, 2002. According to the agency, the attached assets include residential flats and land worth about Rs. 6.06 crore, alongside cryptocurrency holdings valued at roughly Rs. 4.79 crore.

In an official statement, the agency said, “The Directorate of Enforcement (ED), Chandigarh Zonal Office has provisionally attached movable and immovable properties worth Rs. 10.86 Crore under the provisions of the Prevention of Money Laundering Act (PMLA), 2002 in a land fraud case.”

Investigators disclosed that the seized digital assets mainly consisted of Ramifi tokens stored across multiple crypto wallets linked to the accused. The agency added, “The investigation leads to attachment of Flat & land worth Rs. 6.06 Crore and cryptocurrencies lying in the crypto wallets in the shape of Ramifi Tokens worth Rs. 4.79 Crore.”

Details of the Alleged Fraud Scheme

The case originated from a First Information Report filed by the Haryana Police against Sandeep Yadav and his associates. Authorities allege the group sold land plots fraudulently while simultaneously luring victims with claims of guaranteed cryptocurrency profits.

Investigators said victims transferred funds after assurances of unusually high returns from combined property and digital token investments. During the probe, officials estimated that about 20 individuals suffered financial losses through the scheme.

The Enforcement Directorate stated, “During a detailed financial investigation, it was found that Sandeep Yadav and his associates allegedly cheated around 20 people… by luring investors with promises of unusually high returns through cryptocurrency investments.”

Officials assessed the total proceeds of crime at Rs. 26.54 crore, equivalent to about $3.2 million. Authorities stated that the accused routed funds through third-party bank accounts, withdrew large amounts in cash, and later used the money to acquire property and crypto assets.

Related: India Tightens Crypto KYC As Nigeria Links Trades To Tax IDs

Ongoing Investigation and Wider Context

The Enforcement Directorate stated that the individuals concerned are habitual criminals and reiterated that the probe is still active. The agency’s intention behind attaching assets is to secure them from being moved or sold off while the court proceedings are under the PMLA law.

The authorities clarified that provisional attachment is a means of preserving the value of the alleged proceeds of crime until an adjudicating body goes through the case. This measure is part of the larger initiative by the Indian government to combat financial crimes connected with cryptocurrency in conjunction with traditional fraud cases.

In the past few months, the law enforcement agencies have been freezing not only bank accounts but also crypto wallets in similar investigations connected with digital assets. These matters frequently involve the use of cryptocurrency along with conventional asset fraud to hide money trails, thus attracting more attention from investigators.

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India ranked first globally in 2025 crypto adoption driven by retail use and remittances.

Asia-Pacific was fastest growing region as India, Vietnam and Pakistan fueled volumes.

Mobile payments, remittances and youth demographics sustained India’s crypto scale.

India ranked first in global crypto adoption in 2025, according to report released during the year. The ranking looked at how people actually use crypto, including transaction volumes and everyday participation across major economies. India came out on top due to widespread retail use, strong remittance activity, and heavy reliance on mobile crypto apps while the Asia-Pacific region saw fast growth in 2025.

India’s Adoption Metrics Set the Global Pace

India ranked first on the Global Crypto Adoption Index in 2025 with a top score of 1.000, placing it ahead of every other country in overall crypto adoption. Back in 2023, about 93.5 million people in India owned some form of cryptocurrency, the largest number of users anywhere. Even though this represents just 6.33 percent of the population, India’s massive population size pushed it ahead of every other country globally.

The United States ranked second with an index score of 0.671 and 52.9 million crypto owners. In the U.S. crypto use runs deeper, with about 15.15 percent of people owning digital assets, largely thanks to strong interest from big investors and institutions. 

Pakistan followed with a 0.619 score, while Vietnam, Brazil, and Nigeria filled out the rest of the top six. Nigeria ranked sixth overall and topped Africa, with around 13.3 million people using crypto, or 5.47 percent of its population. 

Vietnam stood out for a different reason: more than one in five people there, about 20.5 percent, own crypto. These differences show that countries are turning to crypto for very different reasons, which naturally brings the focus back to India’s unique strengths.

Asia-Pacific wass the fastest-growing crypto region through June 2025. Regional on-chain activity increased 69 percent year over year. Total transaction volume rose to $2.36 trillion from $1.4 trillion mainly driven by India, Vietnam, and Pakistan.

North America processed over $2.2 trillion in crypto transactions while Europe exceeded $2.6 trillion. However, Asia-Pacific growth outpaced both regions. This growth context explains why India’s domestic dynamics mattered so strongly.

Grassroots Usage and Infrastructure Fuel India’s Lead

Crypto use in India is mostly about daily money needs, not quick trading bets. A big reason is remittances, since Indians abroad send home over $100 billion every year. Using crypto can be faster and cheaper than banks or money transfer services.

Economic pressure also matters. A study by IIM Bangalore found that families who expect prices to keep rising are more likely to turn to Bitcoin and stablecoins. Low returns on savings and an unstable currency have pushed people to look for other options.

India’s digital setup makes this easier. More than 800 million people use smartphones, mobile internet is affordable, and digital payments are already normal. The UPI system processes over 10 billion transactions each month.

Because of this, crypto use has spread beyond major cities into wider parts of the country. 75 percent of crypto activity originated from Tier-2, Tier-3, and Tier-4 cities. This geographic spread shows sustained grassroots participation rather than concentrated urban trading.

Uttar Pradesh accounted for 13 percent of invested value, surpassing Maharashtra. Lucknow recorded a fivefold rise in Ethereum trading. Pune and Jaipur also saw sharp growth in Solana and Ethereum volumes.

Related: India Tightens Crypto KYC As Nigeria Links Trades To Tax IDs

Demographics, Regulation and Exchange Activity

As per Mexc report, over 50 percent of India’s population is under 30 years old. Notably, 72 percent of Indian crypto investors are under 35. Gen Z represents 37.6 percent, while millennials account for 37.3 percent.

The average investor age rose from 25 to 32, indicating market maturation. Women make up about 12 percent of crypto investors, which still translates to millions of people. Participation is higher among certain groups, especially IT professionals and freelancers who earn money from overseas clients.

India’s crypto platforms are built to handle this demand. CoinSwitch has more than 25 million users, CoinDCX serves over 16 million, and WazirX had reached 15 million users before its 2024 security breach. Since 2023, all exchanges have been required to register with FIU-IND and follow know-your-customer rules.

Crypto taxes in India are strict. Any profits are taxed at a flat 30 percent, and every transaction also carries a 1 percent tax deducted at source. According to Giottus CEO Vikram Subburaj, the TDS reduced high-frequency trading and encouraged longer holding periods.

Regulation is fragmented but defined. Crypto in India is allowed to buy, sell, and hold, but it’s not treated as official money. Rules are still being worked out, and different agencies like the Finance Ministry, RBI, FIU-IND, and possibly SEBI are involved in oversight as the full framework develops.

India ranks first in crypto adoption thanks to widespread usage, activity across the country, and steady transaction growth through June 2025. Strong demographics, rising interest across Asia-Pacific, and access to regulated exchanges helped drive this. India also has the world’s largest crypto user base, powering much of the region’s growth.

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Silver overtakes Nvidia as the world’s second-largest asset amid tight supply levels.

Physical silver shortages drive retail limits, mint delays, and widening premiums across markets.

Industrial demand from energy, AI, and networks reshapes silver’s role in the global economy.

Silver has overtaken Nvidia to become the world’s second-largest asset by market value, trailing only gold. The shift reflects surging prices, tight physical supply, and growing industrial demand that now places silver at the center of global markets.

Data from companiesmarketcap.com shows silver with a market capitalization of about $4.9 trillion. With about $4.4 trillion, Nvidia is currently in second place. Gold remains far ahead, with a valuation above $31.9 trillion.

Source: companiesmarketcap

Silver prices have climbed sharply over recent weeks. On January 12, spot silver crossed $86 per ounce. Prices continued rising and reached new record highs soon after. Silver futures also surged. The rally confirmed earlier expectations that silver could surpass major equities.

As prices rose, signs of strain appeared in physical markets. U.S. retailers began limiting customer purchases. Costco capped buyers at ten units of 10-ounce silver bars per day. The retailer applied similar limits to 1-ounce bars. It also ended refund options for these products. Social media users reported even tighter limits in some locations.

Some stores reportedly allowed only one bar per customer. These restrictions signaled unusually strong demand for physical silver across retail channels.

Shortages also affected official mints. The U.S. Mint delayed the release of its 2026 American Silver Eagle coin. Officials moved the launch from January to February 26. The Mint confirmed limited quantities for the 1-ounce proof coin. Subscriptions for the release sold out ahead of time. The delay added to concerns about supply tightness.

Meanwhile, traders reported elevated premiums in physical markets. Some cited premiums near $82 per ounce. These levels far exceeded lower exchange spot prices. Such gaps pointed to stress in the physical supply chain. Producers and regulators, however, have not issued formal warnings.

Shortages Drive New Market Dynamics

Silver’s rise reflects more than investor demand. The metal plays a growing role in modern industry. Its unique conductive properties make it essential across several sectors. Green energy remains a major driver. Solar panels rely heavily on silver components. Electric vehicles also use large amounts of the metal.

Telecommunications add further pressure. Fifth-generation networks require silver for reliable signal transmission. Annual industrial use now exceeds global jewelry demand. Technology trends also support higher consumption. Artificial intelligence systems depend on high-precision electrical components. Robotics uses similar materials for sensors and circuits.

Silver rallies have historically coincided with advancements in technology. In the 1970s, electronics fueled demand. In the 2000s, digital devices expanded usage. Analysts see similarities to past cycles today. AI, automation and energy transitions create sustained industrial needs. These forces reshape silver’s position in global markets.

Related: As Gold and Silver Signal Fear, Crypto Rises in Financial War

At the same time, financial markets adjust to silver’s new ranking. The metal now sits behind gold as the most valuable asset globally. It also outranks major technology companies. Moneycontrol earlier reported silver’s climb toward second place. The recent data confirmed that projection. Market capitalization figures now reflect the shift.
Silver currently trades near $89.2 per ounce. Its market value stands close to $4.98 trillion. Industrial demand and supply limitations continue to have an impact on prices. Traders continue tracking retail limits, mint schedules and premium spreads. These indicators offer insight into physical availability. They also influence short-term price movements.

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Ripple pursues MiCA and CASP licenses to align fully with EU crypto regulatory standards.

The company now holds over 75 licenses, spanning the US, EU, Asia, and the Middle East.

Ripple pursues MiCA and CASP status as part of a global push for licensed crypto services.

Ripple has secured early approval for an Electronic Money Institution license in Luxembourg. This marks a key step in its plan to expand regulated blockchain payments across Europe. The decision came from the Commission de Surveillance du Secteur Financier, which issued an initial clearance that moves the company closer to serving financial institutions across the European Union under a single framework.

In a press release, Ripple said the Luxembourg approval strengthens its cross-border payments setup in the region. The preliminary authorization allows the firm to advance through the remaining stages of the licensing process.

Path to EU Payments License

The regulator’s “Green Light Letter” confirms that Ripple has met the initial regulatory conditions tied to the EMI process. With that confirmation, the firm can now work toward securing full authorization. Once complete, Ripple would be able to provide regulated end-to-end payment services to clients across EU markets.

Ripple linked the progress in Luxembourg to its broader effort to upgrade payment infrastructure. Its platform is designed to support payments that run continuously rather than in restricted daily batches.

Monica Long, president of Ripple, said Europe’s regulatory progress has played an important role in that shift. She noted that the European Union was among the first major jurisdictions to introduce a comprehensive framework for digital assets. According to Long, that clarity has helped financial institutions consider blockchain for large-scale deployment rather than small-scale pilots.

Long added that Ripple’s payments platform is built to handle the complete flow of value for its users. That structure is aimed at releasing capital that remains tied up in traditional settlement channels. The company views this capability as an advantage when working with institutions that manage high volumes of cross-border transactions.

Related: Ripple Launches $1B SPAC Plan to Strengthen XRP Liquidity

Cassie Craddock, managing director for the United Kingdom and Europe, highlighted Luxembourg’s rise as a center for financial innovation. She said that trend has made the country attractive for firms that are building regulated blockchain infrastructure. Ripple is using the location as a launch point for reaching customers in the wider European market.

The Luxembourg development follows several other regulatory milestones for Ripple. The company previously received authorization from the UK Financial Conduct Authority. It also obtained approval from the Monetary Authority of Singapore to expand payment services in Asia, which it expects will support the use of its stablecoin offering in the Asia-Pacific region.

MiCA Compliance

Ripple is now seeking authorization under the European Union’s Markets in Crypto-Assets framework. The company aims to secure a crypto asset service provider license to align fully with MiCA rules. It expects that status to support long-term operations across EU member states.

According to Ripple, the latest approvals add to a portfolio of more than 75 regulatory authorizations worldwide. Those include money transmitter licenses in forty-three US states and territories, as well as permissions in Singapore, Dubai, and the Cayman Islands. Some authorizations were obtained through acquired entities such as Layer2 Financial and Hidden Road.

Ripple has also expanded in the United Arab Emirates. The company entered the UAE market after receiving clearance from Dubai’s Financial Services Authority to offer payment services. It views Dubai as a major international hub that supports cross-border financial activity.

In a related regulatory development from the broader digital asset sector, the Office of the Comptroller of the Currency announced that it had conditionally approved five national trust bank charter applications. 

Firms named in that announcement included BitGo, Fidelity Digital Assets, and Paxos. The new charters will join a group of around sixty national trust banks overseen by the federal banking regulator.

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KB Kookmin Card patents stablecoin payments that link cards with blockchain wallets.

Stablecoins pay first from the wallet, then the system charges the remaining amount to the card.

South Korea’s stablecoin rules advance as banks debate issuance and pilots expand.

KB Kookmin Card, a unit of South Korea’s largest financial group, has filed a patent for a stablecoin-based payment technology. The application describes a hybrid system that connects existing credit cards with blockchain wallets. The company said the design could let customers spend stablecoins while still using familiar card infrastructure. 

According to the report, the patent covers a method that links a user’s credit card to a blockchain wallet address. After the wallet is registered, the card could be used alongside stablecoins held inside that wallet. The process is designed to work within the current payment flow. KB said it wants digital asset payments to feel like standard card payments.

Stablecoin-First Payments With Card Backup

Under the proposed system, stablecoin balances in the wallet would be used first when a purchase is made. If the wallet does not hold enough stablecoins, the remaining amount would be charged to the credit card. This automatic switching is central to the patent structure. 

KB said the system is meant to reduce friction for stablecoin use. It also keeps the existing card benefits in place, including rewards programs and protections tied to credit card payments. The company said it expects this approach to help stablecoins expand beyond niche crypto platforms. 

A KB Card executive said the patent creates a technical foundation for safer and easier digital asset payments. The executive added that future use of the technology would depend on regulatory and market conditions. KB also said consumer protection would remain a priority. 

The patent arrives during active policy work on stablecoins in South Korea. Under President Lee Jae Myung’s policy push, the country is preparing a regulatory framework called the Digital Asset Basic Act. The plan is expected to support a local won-pegged stablecoin market. 

In June, KB Kookmin Bank was among the first entities to file applications for stablecoin-related trademarks. The move followed growing public signals from regulators and lawmakers in support of won stablecoin initiative. The filings indicated early positioning by major institutions. 

South Korea’s Stablecoin Rules

The regulatory debate has centered on which entities would be allowed to issue stablecoins. Reports said the Bank of Korea and the Financial Services Commission agreed that issuance would likely be led by a consortium of licensed banks. Supporters see this as a way to control risk and ensure compliance. 

Related: KakaoBank Advances Plans for a KRW-Backed Stablecoin

Lawmakers from the ruling party reportedly criticized a structure that concentrates issuance among banks. They argued that restricting issuers could prevent newer firms from building payment products. This dispute reflects wider tension between stability and open competition. 

The Digital Asset Basic Act is expected to be finalized in the first quarter of this year. The framework is designed to clarify rules across the digital asset sector. Stablecoins are a central focus because they are viewed as payment tools rather than only trading assets. 

In December, South Korean payments company BC Card concluded a pilot program on stablecoin payments. The test focused on how foreign consumers could pay South Korean merchants using stablecoins. The goal was to assess practical integration and transaction stability. 

BC Card said the pilot involved blockchain financial firm Wavebridge, wallet provider Aaron Group, and remittance company Global Money Express. The participants tested workflows that fit into existing merchant processes. The pilot also used BC Card’s current approval and settlement system. That allowed payments to be completed in the same manner as standard card transactions.

Stablecoin-based payments are also being explored through cross-border products. In July, Bangkok Bank and South Korea’s BC Card partnered on QR payments between Thailand and South Korea. Users of the Paybooc app can make QR payments in Thailand, with transactions processed using real-time exchange rates. 

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Ethereum co-founder says scaling upgrades now make the original Web3 vision practical.

Vitalik Buterin highlights Fileverse as evidence that decentralized apps can meet daily user needs.

The decentralization renaissance depends on apps surviving without their original developers.

Ethereum co-founder Vitalik Buterin has renewed attention on the original Web3 goal of building permissionless decentralized applications. On January 14, he published a post on X that revisited Ethereum’s 2014 plan for a broader alternative web built on open protocols. He also argued that the supporting technology stack has matured enough for the daily-use of decentralized applications.

In 2014, there was a vision: you can have permissionless, decentralized applications that could support finance, social media, ride sharing, governing organizations, crowdfunding, potentially create an entire alternative web, all on the backs of a suite of technologies.… pic.twitter.com/ihU9qOrXfG

— vitalik.eth (@VitalikButerin) January 14, 2026

2014 Blueprint

Buterin described a 2014 vision that grouped several technologies into one coherent platform for decentralized software. He framed Ethereum as the “world computer” that gives applications shared state and programmable accounts. He also pointed to messaging and storage layers that can handle tasks a blockchain cannot handle efficiently.

In that design, Whisper served as a data layer for messages that do not need consensus, while Swarm targeted long-term file access. Buterin said Whisper has since evolved into Waku, which now supports applications such as Status and Railway. 

He also referenced IPFS as a reliable way to retrieve content, while noting that retrieval alone does not guarantee durable storage. He said that gap still leaves room for better storage solutions.

Ethereum Scaling Progress

Buterin used the post to connect Ethereum’s current roadmap to early scaling promises. He cited Ethereum’s move to proof of stake and said the network now uses less energy than in the proof-of-work era. He also said the ecosystem has lowered typical user costs, and he argued that upcoming work can push costs down further.

He highlighted zero-knowledge EVM systems and PeerDAS as key tools for scaling. In his framing, those components help realize the earlier “sharding” goal by expanding data availability and supporting more transactions at lower cost. 

He also pointed to Layer 2 networks as another scaling path that can improve throughput and confirmation speed for specific applications. He said L2s can add speed gains on top of core protocol upgrades.

Related: Vitalik Buterin Wants Ethereum to Survive Without Him

User Control and The “Walkaway Test”

Buterin cited Fileverse, a decentralized documents product, as an example of how teams can assemble the stack into a usable service. He said the app uses Ethereum and Gnosis Chain for names, accounts, and permissions, while it relies on decentralized messaging and file storage to sync document changes. He also said the project has improved usability enough that he now uses it for writing and collaboration.

He emphasized what he called the “walkaway test,” which measures whether users can keep access to data and continue using a tool even if the original developers stop maintaining it. He linked that test to open-source recovery tools that aim to let users retrieve and edit documents without depending on a single company. He contrasted this with products that require recurring subscriptions or centralized logins. He argued that users should “buy” digital tools once and retain control.

Buterin’s message linked the 2014 vision to a practical benchmark for new decentralized applications. He said early dApps felt like toys and demanded far more effort than Web2 services. He said today’s stack reduces that gap, especially for collaboration tools. His post positioned durability, permissionless access, and data portability as core requirements for the next wave of Web3 products in the market.

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Pakistan explores a regulated digital dollar path with a Trump-linked crypto platform.

World Liberty Financial plans to USD1 use inside Pakistan’s formal payment rails system.

Stablecoin talks align with Pakistan’s push for remittance speed and cash reduction

Pakistan has entered a strategic partnership with World Liberty Financial, a cryptocurrency firm linked to the family of U.S. President Donald Trump, to explore digital dollar payments. The agreement focuses on using a dollar-pegged stablecoin within Pakistan’s financial system. Officials and analysts say the move reflects closer financial engagement between Pakistan and the United States while signaling wider state interest in dollar-linked digital assets.

Under the arrangement, Pakistan plans to work with World Liberty Financial to integrate its USD1 stablecoin into regulated payment channels. The stablecoin is backed by U.S. dollars and targets a one-to-one peg with the U.S. currency. According to Reuters, the token will operate alongside Pakistan’s existing digital payment and currency initiatives.

Pakistan partners with Trump-linked World Liberty Financial !

Pakistan is exploring WLF’s #USD1 stablecoin for cross-border payments as CEO @ZachWitkoff visits Islamabad to finalize the deal, marking one of WLF’s first sovereign-level partnerships.#Pakistan #Trump… pic.twitter.com/PMmtmpLoJq

— CryptoTale (@cryptotalemedia) January 14, 2026

The partnership emerges as Pakistan advances policies to modernize payments and manage cross-border flows. Remittances remain a key source of foreign exchange for the country. Digital payment tools have become central to those policy efforts.

Integration Plans and Official Engagements

The agreement includes plans to integrate USD1 into Pakistan’s regulated digital infrastructure. This integration will take place alongside the country’s central banking framework. Officials have prepared for the token to operate within the broader financial ecosystem.

The announcement is expected during a visit to Islamabad by World Liberty Financial’s chief executive, Zach Witkoff. He is scheduled to meet officials from Pakistan’s finance ministry and central bank. Authorities have not yet issued public statements on the deal.

While details around SC Financial Technologies remain limited, the firm maintains links to World Liberty Financial. Officials continue preparations ahead of the formal announcement. The process aligns with Pakistan’s stated interest in digital financial innovation.

Stablecoins and Regulatory Context

Interest in stablecoins has grown as dollar-pegged tokens gain visibility worldwide. In the United States, supportive regulatory signals have increased industry activity. Pakistan refined its own digital economy strategy, monitoring these developments. 

World Liberty Financial was launched in September 2024 with support from Trump family affiliates. The firm built USD1 as part of a wider decentralized finance ecosystem. USD1 targets institutional use cases such as cross-border payments and settlements. In parallel, World Liberty Financial has sought regulatory clarity in the United States.

One subsidiary applied for a National Trust Bank charter with the Office of the Comptroller of the Currency. The submission is intended to be subject to federal supervision of the issuance and custody of USD 1. 

Related: Pakistan’s Quiet Bid to Become South Asia’s Tokenization Hub

Wider Effects and Worldwide Movement

Market players view regulatory and geopolitical issues as the main result of the government-backed stablecoins’ usage.  Some people suggest that there may be a connection between the influence of politics and significant business actions.  However, these worries are still an issue in the overall discussion about digital currencies.

 World Liberty Financial has expanded its activity beyond Pakistan. A Reuters report in October said the project boosted income tied to the Trump Organization. Foreign entities contributed to that increase during the first half of last year.

In May, MGX, an Abu Dhabi state-controlled investment firm, used the World Liberty stablecoin to buy a $2 billion stake in Binance, Reuters reported. The transaction added visibility to the stablecoin’s institutional use.

It also drew attention to its cross-border settlement role. Pakistan has pursued digital currency projects to reduce cash usage and improve remittance efficiency. The central bank governor said in July that a digital currency pilot was in preparation.

Legislation to regulate virtual assets is also nearing completion. As regulators worldwide advance stablecoin frameworks and pilot digital payment systems, analysts track rising acceptance of dollar-linked digital assets. Will sovereign adoption of stablecoins reshape global payment infrastructure?

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Kraken-backed KrakAcquisition files $250M Nasdaq SPAC targeting crypto infrastructure.

SPAC structure offers investor protections while pursuing payments and tokenization firms.

Filing aligns with Kraken IPO plans and broader shift toward regulated crypto listings.

Kraken-backed KrakAcquisition has filed with the U.S. SEC to raise $250 million through a Nasdaq-listed SPAC. The filing outlines a plan targeting crypto infrastructure companies. The move involves Kraken affiliates, Tribe Capital and Natural Capital, aiming to access regulated capital markets through a structured IPO route.

SPAC Filing Outlines Structure and Market Intent

KrakAcquisition registered as a Cayman Islands exempted company and plans to offer 25 million units priced at $10 each. Each unit includes one Class A ordinary share and one-quarter of a redeemable warrant, exercisable at $11.50 per share. If approved, the units will trade under the ticker KRAQU on the Nasdaq Global Market.

Notably, Santander will serve as the sole book-running manager for the offering, according to the SEC filing. The SPAC disclosed no selected merger target and confirmed no substantive discussions with potential partners. However, the filing states an intended focus on digital asset infrastructure, including payments, settlement, and tokenization platforms.

This structure follows standard SPAC protections, with proceeds held in trust pending a completed business combination. Investors retain redemption rights if they reject a proposed merger within an 18- to 24-month window. According to the filing, Class A shares and warrants may later trade separately as KRAQ and KRAQW.

Kraken Personnel and Parallel IPO Plans

While KrakAcquisition operates independently, Kraken maintains direct involvement through management participation. Sahil Gupta, who has led Kraken’s strategic initiatives since late 2024, will serve as the SPAC’s chief financial officer. Meanwhile, Robert Moore, Kraken’s vice president of strategy and corporate development, will join as a director after the offering.

The filing clarifies Kraken holds no contractual obligation to complete any business combination. However, the SPAC expects Kraken’s participation to support diligence, regulatory navigation, and operational assessment. According to the filing, this support would occur without additional compensation.

Alongside the SPAC effort, Kraken continues preparations for its own public listing. The exchange confidentially filed a draft Form S-1 with the SEC in November seeking to list its common stock. That registration remains under review and cannot proceed until the SEC declares it effective.

Notably, Kraken raised $800 million last year at a reported $20 billion valuation, with backing from Tribe Capital. The exchange also completed several acquisitions, including tokenization firm Backed Finance and futures platform NinjaTrader. These actions align with Kraken’s stated goal of expanding across multi-asset financial services.

Related: Kraken Secures $800M to Support Global Growth and New Products

Infrastructure Focus and Regulated Market Shift

KrakAcquisition’s investment thesis is on companies building core digital asset infrastructure. The filing references payment networks, blockchain systems, compliance tools, and tokenization platforms as priority areas. According to the document, the SPAC may pursue deals in any sector but intends to concentrate on digital assets.

The filing mentions worries about inflation and points to Bitcoin as a decentralized way to store value. Still, it presents this in the context of building infrastructure, not promoting an investment asset. It also outlines risks such as unclear regulations, price swings, and the difficulty of finding the right merger partners.

This filing comes after a wider surge in crypto-related companies going public last year. Circle Internet shares rose 167% post-IPO, while Gemini shares declined roughly 10%. Meanwhile, Bullish shares gained about 8% following its public debut.

Earlier this week, BitGo filed for a separate $200 million IPO, citing $104 billion in assets under custody. The SEC has pushed companies with heavy crypto involvement to be more open and detailed in what they disclose. These rules are increasingly influencing how crypto-focused firms enter U.S. public markets.

KrakAcquisition’s filing explains a regulated route that connects private crypto infrastructure to public investors. Its use of a SPAC, aligned leadership, and plans to list on Nasdaq show Kraken is taking a careful, step-by-step approach. The filing places this move alongside Kraken’s own IPO ambitions and other recent crypto listings that follow U.S. regulatory rules.

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