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Gas Town (GAS) has emerged as the largest daily gainer in the cryptocurrency market, rising by over 500% and reaching a new all-time high (ATH) earlier today.

This surge is part of a broader emerging trend where builders are increasingly turning to cryptocurrencies for self-development.

What is the Gas Town (GAS) token?

The GAS token is inspired by Gas Town. It is a multi-agent AI coordination framework built by Steve Yegge, a former senior engineer at Google and Amazon.

While leading privacy coins like Monero (XMR), Zcash (ZEC), and Dash (DASH) have already reached market caps in the billions and achieved strong gains, it seems that capital flows are shifting towards low-cap privacy coins.

January recorded a notable activity in the accumulation of mid to low-cap alternative currencies. This may reflect the positioning of whales ahead of expectations that the narrative around privacy coins will continue to attract capital in 2026.

The Penguins Championship has announced a prominent partnership with Premier League giant Manchester City.

This represents one of the most significant intersections so far between the original Web 3 brand and global sports fans.

The Penguins team deal with Manchester City indicates a new NFT game plan

The collaboration will launch an exclusive collection of NFTs alongside premium products, expanding the reach of the Muscle Penguins Championship beyond the traditional cryptocurrency audience.

The price of Bitcoin has seen a steady recovery in recent sessions, continuing gains that now place Bitcoin near a potential breakout zone. The ongoing rise has shifted the market tone towards cautious optimism.

However, with the rising momentum, the increasing profits of the judges in the short term present a familiar risk that may challenge Bitcoin's progress.

The dollar-backed stablecoin Ripple (RLUSD) has risen to its all-time high, driven by a series of notable partnerships and regulatory milestones that accelerate its adoption among institutional investors.

However, it seems that RLUSD is the only token benefiting from Ripple's developments and expansion, while XRP bears the burden of market forces.

Polymarket faced new scrutiny after a gathering of high-stakes geopolitical bets raised concerns about using prediction markets to wash insider information into public narratives.

The case of the controversy now known as the Maduro deal was discussed earlier this month.

An insider trader at Polymarket on Venezuela revealed, says Trump

The Russell 2000 index reached an all-time high in January. This breakthrough not only reflects the strength of U.S. small-cap stocks but also has important implications for the cryptocurrency market, particularly alternative currencies.

At the same time, other data indicates an improvement in sentiment among alternative currency investors. Market participants are increasingly expecting a recovery during this quarter.

Chainalysis reported that Bitcoin (BTC) has become a 'resistance element' in Iran amid rising unrest, with the total cryptocurrency ecosystem reaching over $7.78 billion by 2025.

Iranians are experiencing pressure on the national currency and ongoing protests across the country, making cryptocurrencies a vital alternative for many Iranians, as evidenced by the increase in usage.

The BitMine annual shareholders' meeting was promoted in Las Vegas as a routine governance event, with a scheduled vote in the board elections, executive compensation, and an increase in authorized shares.

Instead, the session became a strategic moment for advertising, as it redefined the company from just an Ethereum broker to something more ambitious.

President Trump is expected to announce an emergency energy auction that prompts technology companies to fund new power plants.

This initiative aims to alleviate the rising costs of electricity. The plan may impact both the cryptocurrency sector and the broader economy in the lead-up to the 2026 midterm elections.

What is Trump's emergency power auction?

The CME Group, the largest derivatives market in the world, plans to list futures contracts for Cardano (ada), Chainlink (link), and Stellar (xlm). Trading is set to begin on February 9, pending regulatory approval.

This step brings organized crypto derivatives to major altcoins, expanding institutional access to them. However, the announcement had little impact on the prices of ada, link, or xlm.

Bitcoin and Ethereum options worth nearly 3 billion dollars are set to expire on January 16. This puts the derivatives markets in the spotlight just as cryptocurrency prices test the strength of the recent rally.

While Bitcoin decisively pushed above the key technical resistance level, options positioning and volatility metrics indicate that traders remain cautious about declaring this move a confirmed bullish breakout.

Eric Adams, who stepped down as mayor of New York City two weeks ago, has made a prominent entry into the world of digital currencies by launching his own token, New York City.

Within less than 24 hours, more than half of the 4,300 traders who bought the token were in losses. The project quickly gained meme coin characteristics, with analysts describing the event as a classic rug pull scenario.

The Senate Banking Committee postponed voting on structural legislation for the digital currency market amid growing industry resistance.

The long-awaited bill was postponed on Wednesday night following a late political debate, after prominent figures in the industrial sector withdrew their support for the Clarify Act, prompting the committee to halt proceedings.

XRP has experienced increasing volatility in recent days, reflecting a struggle between selling pressure and long-term accumulation.

Price volatility has remained limited, but recovery remains uncertain as investors react differently to changing market conditions. Despite these challenges, XRP has managed to maintain its overall upward trend since the beginning of 2026.

According to multiple sources familiar with the matter, Polygon has carried out a widespread internal restructuring. Some industry insiders revealed to BeInCrypto that approximately 30% of staff were let go this week, despite the company not issuing an official announcement.

Reports indicate that the company's presence on social media has been disrupted, with several employees linked to Polygon and figures within the ecosystem announcing their sudden departures and team changes. Polygon Labs has not yet responded to requests for comment.

Dash recorded one of its strongest price surges in months, with the price rising from $37 to nearly $80 in a short period. This move reflects renewed interest in privacy-focused cryptocurrencies and recent developments within the Dash ecosystem.

Although momentum appears strong, emerging indicators suggest the upward wave may enter a fragile phase.

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Grab your coffee as Ethereum, digital capital, and one of the world's biggest creators collide in a deal everyone is watching.

Digital currency news today: BitMine, Tom Lee's company, supports MrBeast

Ethereum entered a critical phase after breaking out of a price movement uptrend that had been in place for nearly two months. ETH decisively pushed above a key resistance area, confirming a renewed upward momentum.

This technological breakthrough coincides with a historical increase in network participation, marking a pivotal moment in Ethereum's recovery narrative.

Ethereum breaks the 7-year record

Litecoin (LTC) holders have not yet made profits in 2026, as the price remains under pressure from the sharp decline in October of last year. However, when looking at the broader market picture, Litecoin shows several signs indicating a potential reversal.

Positive signals supporting the reversal hypothesis include the continued whale trading activity and renewed interest in Litecoin.