Market Signal Briefing

Compass Diversified (CODI) Q3 2025 Earnings Call January 14, 2026 5:00 PM EST

Company Participants

Ben Avenia-Tapper - Vice President of Investor Relations
Elias Sabo - CEO & Director
Patrick Maciariello
Stephen Keller - Executive VP & CFO

Conference Call Participants

Lance Vitanza - TD Cowen, Research Division
Lawrence Solow - CJS Securities, Inc.
Timothy D'Agostino - B. Riley Securities, Inc., Research Division
Matt Koranda - ROTH Capital Partners, LLC, Research Division
Cristopher Kennedy - William Blair & Company L.L.C., Research Division

Presentation

Operator

Good afternoon, and welcome to Compass Diversified's Fiscal 2025 Third Quarter Conference Call. Today's call is being recorded. [Operator Instructions] At this time, I would like to turn the call over to Ben Tapper, Vice President, Investor Relations. Ben, please go ahead.

Ben Avenia-Tapper
Vice President of Investor Relations

Thank you, and welcome to Compass Diversified's Third Quarter 2025 Conference Call. Representing the company today are Elias Sabo, CODI's Chief Executive Officer; and Stephen Keller, CODI's Chief Financial Officer. We are also joined by Zach Sawtelle, Chief Operating Officer for Compass Group Management; and Pat Maciariello, who recently retired after 20 years with CGM.

Before we begin, I'd like to remind everyone that during the course of this call, CODI will make certain forward-looking statements, including discussions of forecasts and targets, future business plans, future performance of CODI and its subsidiaries and other forward-looking statements regarding CODI and its financial results. Words such as believes, expects, anticipates, plans, projects, should, and future or similar expressions are intended to identify forward-looking statements.

While these statements present our best current judgment about future results, performance and plans as of today, our actual results and operations are subject to many risks and uncertainties that could cause actual results and operations to differ materially from what we expect. Except as required by law, CODI undertakes no obligation to publicly

Microsoft (MSFT) stock fell on Wednesday, worsening technical damage on the struggling stock's chart in part as investor rotation out of Big Tech names persists.

During Wednesday's stock market decline, Microsoft stock touched a six-month low, according to IBD's MarketSurge tool. The shares have been steadily losing ground since October, as the market frenzy over the artificial intelligence trade has waned, denting Microsoft and other megacap stocks.

↑ X NOW PLAYING The AI Boom Is Kicking Off A Tech Supercycle. Futurist Amy Webb Predicts Even More Radical Transformation Ahead.

On Monday, the software heavyweight's shares fell below their 200-day moving average, a level that had provided support since November. The company is moving toward the Jan. 28 release of its fiscal second-quarter results.

But analysts do see bright prospects for the Dow component in 2026. KeyBanc analysts expect information technology spending to grow 5.3% this year, based on a survey of resellers, with Microsoft's Azure and Copilot AI benefiting from demand, Barron's reported Wednesday. Keybanc's survey also found stronger expectations for increased customer spending on public cloud computing.

KeyBanc analysts have an overweight rating on Microsoft and a price target of $630. In December, Dan Ives, Wedbush's senior equity research analyst, said the software giant is poised for a strong 2026 and reiterated an outperform rating with a price target of 625. Microsoft shares closed above 459 on Wednesday.

↑ X NOW PLAYING Inside The AI Job Shock: CEOs Warn Of Massive Disruption

Ives said Microsoft's growth outlook from its cloud business was being underestimated by Wall Street as the AI infrastructure build-out continues, along with monetization that will drive revenue and profits. Ives sees Microsoft as a "core winner" among AI stocks in 2026.

So is Microsoft stock a buy or sell now?

In late October, Microsoft announced first-quarter results, and its revenue outlook of $80.05 billion for the current quarter fell short of the $80.2 billion estimate. The company posted a 23% rise in fiscal first-quarter earnings to $4.13 per share, on an 18% sales increase to $77.7 billion from a year earlier. The figures beat Wall Street's view of $3.67 per share on $75.38 billion.

The stock is one of the Magnificent Seven leaders. For Microsoft's fiscal 2026, which started on July 1, Wall Street is looking for a 17% earnings increase to $16.08 per share. In 2027, analysts project profit growth of 17% to $18.79 per share.

Analysts Raise Price Target For Microsoft Stock Microsoft shares gapped up in October as the company reached a deal with OpenAI that values its stake in the ChatGPT creator at $135 billion.

In September, Morgan Stanley named Microsoft its top pick in the software sector. It raised its price target to 625 from 582 amid a "broadening set of growth drivers."

Analysts noted Microsoft's record of double-digit earnings and sales growth, high dividend yields, share repurchases, and a strong outlook for Azure growth.

Are These Magnificent Seven Stocks A Buy Now?
Alphabet | Amazon | Apple | Meta | Microsoft | Nvidia | Tesla

In late July, Microsoft shares gapped up after the release of its results for the June-ended quarter. Earnings grew 24% to $3.65 per share, and sales rose 18% to $76.4 billion. Revenue from Azure and cloud services grew 39%. For the full year, sales from Azure grew to more than $75 billion – a 34% increase.

Additionally, Microsoft said it returned $9.4 billion to shareholders through dividends and share repurchases in its fiscal fourth quarter.

Microsoft Stock: Buy Or Sell? The software maker is an IBD Long-Term Leader and among IBD's Tech Leaders to watch. The stock leads the desktop software industry group, according to IBD Stock Checkup.

Also, it has a Composite Rating of 66 out of 99. Steady earnings growth over the past eight quarters has resulted in an Earnings Per Share Rating of 96.

However, the Relative Strength Rating of 42 is well below IBD's recommended threshold of 80.

Microsoft stock is below its 50-day and 200-day moving averages. Weak reaction to earnings should also serve as a caution to investors. It is best to wait until Microsoft reclaims its key 50-day moving average.

Over the past 13 weeks, mutual funds have been net sellers of the stock. That gives Microsoft an Accumulation/Distribution Rating of D-.

However, there has been strong, long-term support from institutional managers, as evidenced by MarketSurge's quarterly fund ownership data. More than 10,000 funds have held shares over the past eight quarters.

Demand for Microsoft stock has also been below average over the past 50 trading days, resulting in a 0.8 up/down volume ratio.

Total fund ownership sits at 42% of outstanding shares. In the IBD mutual fund index, the MFS Growth Fund (MFEGX) and the JPMorgan Large Cap Growth Fund (SEEGX) hold Microsoft shares.

Please follow VRamakrishnan on X/Twitter for more news on the stock market today.

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The U.S. Department of Justice building in Washington, D.C., U.S., November 14, 2025. REUTERS/Elizabeth Frantz Purchase Licensing Rights, opens new tab

WASHINGTON, Jan 14 (Reuters) - The U.S. Justice Department said on Wednesday it sued to block a California law requiring oil and gas drilling to be separated from schools, homes and hospitals by buffer zones of more than half a mile (1 km).

The Justice Department said it sought an injunction against the legislation's enforcement and will seek a preliminary injunction in the coming days.

Sign up here.

To protect public health, California's Senate Bill 1137, which went into full force in 2024, bans new oil and gas wells within 3,200 feet (975 metres) of community spaces and imposes new health and safety requirements on existing wells.

The Justice Department, arguing that federal legislation should preempt the state law, said in a statement that the bill "would knock out about one-third of all federally authorized oil and gas leases in California."

Republican U.S. President Donald Trump's administration, which favors fossil fuel development, and Democratic California Governor Gavin Newsom, who has positioned the state as a global leader in the fight against climate change, have been harshly critical of each other.

According to environmental group Earthjustice, more than three million Californians, or 8% of the state's population, live within 3,200 feet of active oil wells. Those people face health harms including asthma, preterm birth and reduced lung function, the group said.

Reporting by Kanishka Singh in Washington; Editing by Cynthia Osterman

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Kanishka Singh is a breaking news reporter for Reuters in Washington DC, who primarily covers US politics and national affairs in his current role. His past breaking news coverage has spanned across a range of topics like the Black Lives Matter movement; the US elections; the 2021 Capitol riots and their follow up probes; the Brexit deal; US-China trade tensions; the NATO withdrawal from Afghanistan; the COVID-19 pandemic; and a 2019 Supreme Court verdict on a religious dispute site in his native India.

RF Industries, Ltd. (RFIL) Q4 2025 Earnings Call January 14, 2026 4:30 PM EST

Company Participants

Robert Dawson - CEO & Director
Ray Bibisi - COO & President
Peter Yin - Treasurer, CFO & Corporate Secretary

Conference Call Participants

Donni Case - Financial Profiles, Inc.
Matthew Maus - B. Riley Securities, Inc., Research Division
Steven Kohl

Presentation

Operator

Greetings. Welcome to the RF Industries Fourth Quarter Fiscal 2025 Financial Results Conference Call. At this time, all participants are a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note, this conference is being recorded.

I will now turn the conference over to your host, Donni Case, Investor Relations. You may begin.

Donni Case
Financial Profiles, Inc.

Well, thank you, John, and good afternoon, everyone, and welcome to RF Industries Fiscal Fourth Quarter and Year-End 2025 Earnings Conference Call. With me today are RFI's Chief Executive Officer, Rob Dawson; President and COO, Ray Bibisi and CFO, Peter Yin. We issued our press release after market today, and that release is available on our website at rfindustries.com.

I want to remind everyone that during today's call, management will make forward-looking statements that involve risks and uncertainties. Please note that information on the call today may constitute forward-looking statements under the securities exchange laws. When used, the words anticipate, believe, expect, intend, future and other similar expressions identify forward-looking statements. These forward-looking statements reflect management's current views with respect to future events and financial performance and are subject to risks and uncertainties.

Actual results may differ materially from the outcomes contained in any forward-looking statements. Factors that could cause these forward-looking statements to differ from actual results include the risks and uncertainties discussed in the company's reports on Form 10-K and 10-Q and other filings with the SEC. RF Industries undertakes no obligation

, /PRNewswire/ -- Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired F5, Inc. (NASDAQ: FFIV) securities between October 28, 2024 and October 27, 2025. F5 is global multicloud application security and delivery company that enables customers use to deploy, secure, and operate applications on-premises or via public cloud.

For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.

What are the allegations? Robbins LLP is Investigating Allegations that F5, Inc. (FFIV) Misled Investors Regarding the Financial Impact of its Security Breach

According to the complaint, defendants failed to disclose that it was not truly equipped to safely secure data for its clients as F5 itself was experiencing a significant security breach of some of its key offerings and, further, that the revelation of this breach would significantly impact F5's potential to capitalize on the security market.

Plaintiff alleges that on October 15, 2025, F5 announced a "long-term, persistent" breach to its systems, during which the Company's BIG-IP product development and engineering knowledge management platforms were compromised, including the BIG-IP source code. On this news, the price of F5's common stock declined from $343.17 per share on October 14, 2025 to $295.35 per share on October 16, 2025, a decline of about 13.9% in the span of just two days.

The complaint further alleges that on October 27, 2025, F5 announced their fourth quarter fiscal year 2025 results, providing significantly below-market growth expectations for fiscal 2026 due in significant part to the security breach as the Company announced expected reductions to sales and renewals, elongated sales cycles, terminated projections, and increased expenses attributed to ongoing remediation efforts. Defendants also disclosed that BIG-IP, the product that was the subject of the security breach, is the company's highest revenue product, elevating the scope of the impact from the original disclosure as F5 does not otherwise provide revenue contributions by product line. On this news, the price of F5's common stock declined dramatically. From a closing market price of $290.41 per share on October 27, 2025, F5's stock price fell to $258.76 per share on October 28, 2025, a decline of an additional 10.9% in the span of two days.

What can you do now? You may be eligible to participate in the class action against F5, Inc. Shareholders who wish to serve as lead plaintiff for the class must submit their papers to the court by February 17, 2026. The lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation.  You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses. 

About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. 

To be notified if a class action against F5, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.

Attorney Advertising.  Past results do not guarantee a similar outcome.  

SOURCE Robbins LLP

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

VANCOUVER, BC / ACCESS Newswire / January 14, 2026 / Green Bridge Metals Corporation (CSE:GRBM)(OTCQB:GBMCF)(FWB:J48)(WKN: A3EW4S) ("Green Bridge" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement (the "Offering") for gross proceeds of up to C$4,000,000, consisting of up to 33,333,333 units of the Company (the "Units") at a price of C$0.12 per Unit, with each Unit consisting of one common share of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant will be exercisable to acquire one Common Share until the date that is 36 months following the completion of the Offering at an exercise price of C$0.15 per Common Share.

The net proceeds from the Offering are expected to be used to support the Company's existing operations, as well as for general working capital purposes.

The Offering is scheduled to close on or about January 27, 2026 (the "Closing Date") and is subject to certain conditions including, but not limited to, the receipt of all necessary corporate, regulatory and other approvals, including the approval of the Canadian Securities Exchange (the "CSE"). The securities issued under the Offering will be subject to a statutory hold period of four months and one day from the Closing Date. The Company may compensate persons who act as finders for the Offering in accordance with the rules of the CSE.

A strategic investor of the Company, Mr. Russell Starr, has committed to participating in the Offering for up to C$1,000,000. Mr. Starr will also be joining the Company as a special advisor. Mr. Starr is a former Bay Street executive and associate hedge fund manager. Mr. Starr is also a seed investor in Echelon Wealth Partners (now Ventum Financial Corp.), a large Canadian investment dealer. Mr. Starr held executive and board positions at Cayden Resources Inc. and Auryn Resources Inc. amongst other public issuers. As a senior executive, board member and corporate finance specialist with Cayden Resources Inc., Mr. Starr was involved in marketing and financing development efforts including the sale of Cayden Resources Inc. for C$205M to Agnico Eagle Mines Limited in 2014. As chief executive officer of Trillium Gold Mines Inc. (now Renegade Gold Inc.), Mr. Starr was involved in the consolidation of the confederation greenstone belt in the Red Lake mining camp and the establishment of an exploration portfolio in both precious metals and critical elements. Mr. Starr's most previous role was with DeFi Technologies Inc. as head of capital markets where he oversaw the company's listing on the NASDAQ Capital Market. Mr. Starr holds a bachelor's degree in economics from Queen's University, a master's degree in econometrics from the University of Victoria and an MBA from the Ivey Business School at Western University.

The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, "U.S. Persons" (as such term is defined in Regulation S under the U.S. Securities Act) absent such registration or an applicable exemption from the registration requirements of the U.S. Securities Act. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

About Green Bridge Metals

Green Bridge is a Canadian based exploration company focused on the acquisition and development of "critical mineral" rich assets in North America. Two projects of merit are the focus of the Company's activity which include the Serpentine property ("Serpentine") and the South Contact District ("South Contact Project"). The South Contact Project includes the Titac property ("Titac") and the Skibo property which exist along the basal contact of the Duluth Complex, north of Duluth, Minnesota. The projects together contain bulk-tonnage copper-nickel and titanium-vanadium mineral resources hosted in mafic, ultramafic, and oxide ultramafic intrusions. Serpentine is a magmatic sulphide style deposit with an inferred and indicated mineral resource estimates for copper and nickel. A portion of the Titac property, known as "Titac South" contains an inferred mineral resource estimate for titanium dioxide mineralization, details of which are available in a NI 43-101 compliant technical report entitled, "Technical Report and Mineral Resource Estimate for the South Contact Zone Project, St. Louis County, Minnesota, USA" with an effective date of September 18, 2024, and is available on the Company's SEDAR+ profile at www.sedarplus.ca.

ON BEHALF OF GREEN BRIDGE METALS,

"David Suda"
President and Chief Executive Officer

For more information, please contact:

David Suda
President and Chief Executive Officer
Tel: 604.928-3101
[email protected]

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release may contain certain "forward-looking information" within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur, including statements regarding: the gross proceeds to be raised from the Offering; closing of the Offering and the timing for closing of the Offering; the intended use of proceeds of the Offering; Mr. Starr's participation in the Offering and his role as special advisor to the Company; and regulatory and corporate approval of the Offering.

Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. In some instances, material assumptions and factors are presented or discussed in this news release in connection with the statements or disclosure containing the forward-looking information and statements. Readers are cautioned that the following list of material factors and assumptions is not exhaustive. The factors and assumptions include, but are not limited to, assumptions concerning: the closing of the Offering on the anticipated terms or at all; the Company receiving all necessary approvals in respect of the Offering; and the Company using the net proceeds of the Offering as anticipated.

Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information, including, without limitation, the risk that the Offering does not close on the anticipated timing or at all, the risk that the Company raises less than the maximum amount of gross proceeds of the Offering, the risk that the Company does not use the proceeds from the Offering as currently expected, risks related to not receiving regulatory approval of the Offering, risks associated with the business of the Company; business and economic conditions in the mining industry generally; changes in general economic conditions or conditions in the financial markets including changes in the price of critical minerals and precious metals; changes in laws (including regulations respecting mining concessions); and other risk factors as detailed from time to time. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's latest Management's Discussion and Analysis filed on the Company's SEDAR+ profile at www.sedarplus.ca. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

SOURCE: Green Bridge Metals Corporation

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NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP reminds investors of its investigation on behalf of Venu Holding Corporation (“Venu” or the “Company”) (NYSE:VENU) investors concerning the Company’s and/or members of its senior management’s possible violation of the federal securities laws or other unlawful business practices.

[LEARN MORE ABOUT THE INVESTIGATION]

What Happened?

On November 27, 2024, Venu conducted its initial public offering of 1.2 million shares priced at $10.00 per share. Then, on November 14, 2025, Venu issued a press release reporting its financial results for the third quarter of 2025. Among other items, Venu reported revenue of $5.38 million, representing a 1.3% year-over-year decline and missing consensus estimates by $2.05 million. On this news, the price of Venu shares declined by $2.37 per share, or approximately 21.45%, from $11.05 per share on November 14, 2025 to close at $8.68 on November 17, 2025.

What Should I Do?

If you purchased or otherwise acquired Venu securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at [email protected], or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.

[LEARN MORE ABOUT SECURITES CLASS ACTIONS]

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

More News From Kirby McInerney LLP

Back to Newsroom

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I am not a registered investment, tax, or legal advisor or broker and therefore cannot promise or guarantee any financial returns from my opinions on this page or site. The content of this article is based on my own personal thoughts and research, and you should do your own due diligence before making any investment decisions. This article may be structured as such, but it is not financial or investment advice. While I do make my best effort to ensure that all information in my articles is accurate and up-to-date, occasionally unintended errors or misprints may occur. Remember that all investments in the market face the risk of going to $0. The writer of this article has no business or personal relationship with any company mentioned in the above article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

WuXi Biologics (Cayman) Inc. (WXXWY) 44th Annual J.P. Morgan Healthcare Conference January 14, 2026 11:15 AM EST

Company Participants

Chris Chen - CEO & Executive Director

Conference Call Participants

Yang Huang - JPMorgan Chase & Co, Research Division

Presentation

Yang Huang
JPMorgan Chase & Co, Research Division

Good morning, everyone. Welcome to this session. I'm Yang Huang, China health care analyst of JPMorgan based in Hong Kong.

Welcome to this session to be presented by WuXi Biologics. And the presenter will be WuXi Biologics' CEO, Dr. Chris Chen. Dr. Chen, we can get started.

Chris Chen
CEO & Executive Director

Good morning. It's my time to report to you guys every year about the exciting progress of WuXi Biologics. So this year, we chose the title of A Scaled CRDMO Platform Delivering Sustainable High Growth. The scale at WuXi Biologics is incredible, and our business model, CRDMO, is very unique. And we want to make sure that we can deliver sustainable high growth.

I'm going to start with briefly talking about our business model, mostly give you guys a business update and strategic footprint expansion. I cannot come to this conference without showcasing our technology leadership and our ESG progress. And then I'll give you a summary and outlook.

Our business model is incredibly -- again, we said we are a scaled, integrated CRDMO model, basically a one-stop shop and with a huge scale. So our vision is every biologic can be made. We have delivered on that vision for the past 15 years. Every project that came to WuXi, we delivered. That's not an easy statement. Every biologic project that came to WuXi, we delivered. And that's why our mission -- our vision is every biologic can be made.

We said our mission is accelerating the discovery, development and

The Coinbase logo in this illustration taken on November 3, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab

CompaniesJan 14 (Reuters) - Coinbase (COIN.O), opens new tab CEO and co-founder Brian Armstrong said on Wednesday the company cannot support a draft legislation U.S. senators introduced earlier this week aimed at creating a regulatory framework for cryptocurrencies.

The legislation, unveiled on Monday, seeks to define when crypto tokens are securities, commodities or otherwise and would also hand policing of spot crypto markets to the Commodity Futures Trading Commission.

Sign up here.

Without the backing of Coinbase it is unclear if the markup of the bill can proceed. The firm donated millions of dollars to political action committees (PACs) aimed at getting pro-crypto candidates elected in 2024, and has been a key stakeholder in the bill negotiations.

Armstrong said the bill had "too many issues", including a de facto ban on tokenized equities, an erosion of the CFTC's authority and draft amendments that would "kill rewards on stablecoins".

CFTC did not immediately respond to a Reuters request for comment.

Cryptocurrencies need to be treated on a level playing field with other financial services, Armstrong said.

"We'd rather have no bill than a bad bill," the Coinbase CEO said, adding that he is "quite optimistic that we will get to the right outcome with continued effort."

The bill, which could change as senators consider amendments, prohibits crypto companies from paying interest to consumers solely for holding a stablecoin.

However, it allows crypto companies to pay rewards or incentives to customers for certain activities, such as sending a payment or participating in a loyalty program.

The Senate Banking Committee markup, during which lawmakers introduce amendments and debate the legislation, is scheduled for 10 a.m. ET Thursday.

Reporting by Carlos Méndez in Mexico City; Editing by Christopher Cushing

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AngioDynamics, Inc. (ANGO) 44th Annual J.P. Morgan Healthcare Conference January 14, 2026 6:00 PM EST

Company Participants

James Clemmer - CEO, President & Director
Stephen Trowbridge - Executive VP & CFO

Conference Call Participants

Harry Pearson

Presentation

Harry Pearson

Great. Hello everyone. Thank you for joining us this afternoon. My name is Harry Pearson. I'm with JPMorgan's health care investment banking team. It's my pleasure to be introducing Jim Clemmer, CEO of AngioDynamics; and Stephen Trowbridge, CFO. We're going to have a presentation followed by a little time for Q&A. Take it away, Jim.

James Clemmer
CEO, President & Director

Thank you, Harry, and thanks for JPMorgan for a perfect conference again. Thank you for joining us today. Before I begin, let me remind you to look at our forward-looking statements, remind you that we're going to give you some thoughts, ideas, plans and projections today. We can't guarantee you that all these will come true. But do your good work as investors, do your due diligence and make your best decisions.

So AngioDynamics is a company that has gone through a transformation over the past 5 years or so. We started off as an interventional radiology based company in upstate New York and built a strong legacy serving that community. They got to know us well. we serve them well. But over time, our portfolio needed to be refreshed. So myself and my colleagues took a look about 6 years ago of where we should be, where we shouldn't be and really how to change the company through a more vibrant scientific-based portfolio that compete in larger, more addressable markets.

So over the past 5 years, the left side of the slide shows you what we've done, really focused on refreshing that portfolio. We did 3 divestitures to exit markets or

Ethereum Solana XRP

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21 minutes ago

OpenAI’s groundbreaking AI, ChatGPT, predicts ambitious end-of-year price targets for three of the largest cryptocurrencies, XRP, Ethereum, and Solana, offering a glimmer of hope for investors who expect big things from crypto this year.

According to the AI model, the emergence of a full-scale bull market supported by US regulators could push these assets to new all-time highs (ATHs) over the next cycle.

Here is ChatGPT suspects these major digital assets could perform during a 2026 bull run.

XRP (XRP): ChatGPT Sees XRP Reaching $10 by 2027Ripple’s XRP ($XRP) opened the year with strong momentum, posting a 19% gain in the first week. In the last 24 hours, XRP rose 4% to hit $2.15. ChatGPT suggests that if bullish conditions persist, XRP could reach $10 by 2027.

Source: ChatGPTXRP ranked among the top-performing large-cap cryptocurrencies for much of last year. In July, it recorded its first new ATH in seven years, reaching $3.65 after Ripple secured a decisive victory in its legal battle with the U.S. Securities and Exchange Commission.

That ruling significantly eased regulatory uncertainty surrounding XRP and reduced fears that the SEC count treat similar altcoins as securities.

While XRP has climbed 15% since New Year’s Eve, its Relative Strength Index (RSI) remains a neutral 54.

However, the road to ChatGPT’s bullish projection would require significantly more steam; XRP would need to rise roughly 365% to hit $10.

The recent rollout of spot XRP exchange-traded funds (ETFs) in the U.S. is drawing new institutional inflows, echoing the strong demand seen following the approval of Bitcoin and Ethereum ETFs.

Ethereum (ETH): ChatGPT Models a Potential Rally Toward $9,000Ethereum ($ETH), the foundation of smart contracts, decentralized applications, and the broader DeFi ecosystem, remains the leading platform for Web3 innovation.

Source: ChatGPTWith a market capitalization of nearly $400 billion and over $75 billion in total value locked (TVL) across DeFi protocols, Ethereum continues to be crypto’s biggest hub of commercial activity.

DEthereum’s proven security, reliable settlement infrastructure, and central role in stablecoins and real-world asset tokenization position it as one of the likeliest candidates for increased institutional adoption, particularly if U.S. lawmakers advance comprehensive crypto regulation.

Ethereum currently trades at $3,290, with strong resistance around $5,000—it’s ATH is $4,946.05 posted back in August.

If ChatGPT’s bull case comes to fruition, a clear breakout above $5,000 could pave the way for a new ATH between $6,000 and $9,000.

Solana (SOL): ChatGPT Projects SOL at $600Solana ($SOL) heads into 2026 as one of the fastest-growing smart contract platforms in the crypto sector. The network now supports approximately $9.2 billion in TVL and boasts a market capitalization well above $81 billion, alongside rapidly expanding developer and user activity.

Source: ChatGPTThe launch of Solana-focused ETFs by asset managers such as Bitwise and Grayscale has reignited investor interest, with many drawing comparisons to the early ETF adoption cycles of Bitcoin and Ethereum.

After experiencing a steep pullback in late 2025, SOL has rebounded into a key support range, gaining 5% over the past week to trade near $144.

In a highly bullish outlook, ChatGPT estimates Solana could climb to $600 in 2026, representing a roughly 200% increase from current levels and doubling its previous ATH of $293 recorded last January.

Solana’s narrative remains one of the strongest among altcoins. Rising institutional interest in real-world asset tokenization on Solana, led by firms such as Franklin Templeton and BlackRock, continues to hint at SOL’s long-term growth potential.

Maxi Doge (MAXI): High-Risk Meme Coin Play With Explosive Upside PotentialOutside of ChatGPT’s purview, the presale market continues to offer speculative early-stage opportunities.

Maxi Doge ($MAXI) is one of January’s most talked-about presales, raising more than $4.4 million ahead of its anticipated exchange debut.

The project introduces a swaggering, muscle-bound spin on Dogecoin’s Doge. Loud, unapologetic, and deliberately absurd, Maxi Doge embraces the irreverent spirit that originally defined meme coin culture.

After years of sitting on the sidelines watching his cousin DOGE blow up, Maxi Doge is mobilizing a degen army united by meme conviction, max-leveraged trading strategies, and a fearless attitude toward volatility.

MAXI is an ERC-20 token built on Ethereum’s proof-of-stake network, giving it a significantly lower carbon footprint than Dogecoin’s proof-of-work model.

The current presale stage offers staking rewards of up to 69% APY, though yields decrease as participation rises. MAXI is priced at $0.000278 in the latest round, with automatic price increases planned for subsequent phases. Tokens can be purchased using MetaMask or Best Wallet.

Maxi is sending Dogecoin back to the kennel with his tail between his legs!

Stay updated through Maxi Doge’s official X and Telegram pages.

Visit the Official Website Here

The Zcash Foundation said Jan. 14, 2026, that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the nonprofit without recommending any enforcement action. Zcash Foundation Announces Resolution of SEC Investigation The inquiry stemmed from a subpoena issued to the foundation on Aug.

TL;DR

Solana publicly mocked Ethereum layer-two Starknet for high valuations despite lower perceived daily usage, reigniting debates over layer-one versus layer-two effectiveness. Starknet metrics show 65,000 daily active users and active decentralized trading, challenging Solana’s claims. Meanwhile, SOL traded near $147, posting strong daily and weekly gains, reflecting growing market momentum and renewed investor interest in Solana’s ecosystem.
Solana’s official social media account reignited discussions about layer-one versus layer-two network performance by targeting Starknet’s valuation and daily activity. The post pointed to Starknet’s billion-dollar market capitalization alongside what Solana described as “low daily engagement”, prompting reactions from traders, developers, and blockchain enthusiasts. 

Starknet has 8 daily active users, 10 daily transactions, and still somehow has a 1b MC and 15b FDV

LMFAOOOOOOOOOOOOOOO

Send it straight to 0

— Solana (@solana) January 14, 2026

While the comment drew attention for its humor, it also revived debates about whether valuations should be based on actual network usage or future expectations. Some analysts noted that this public exchange also highlights how social media can influence perception, especially during periods of increased market attention and speculation.

Starknet Performance Presents A Broader Picture Updated metrics show a more nuanced scenario than Solana suggested. Starknet records roughly 65,000 daily active users, 759,000 daily operations, and hundreds of millions in secured value. Activity on decentralized exchanges and perpetual trading remains consistent. Analysts noted that Solana’s post appeared to reference older 2024 data when network activity temporarily dipped, highlighting the potential for selective data usage in market commentary. Industry figures including Bubblemaps and MegaETH joined the discussion, though Starknet itself has not issued a public reply. This situation underscores how competitive messaging can affect investor sentiment and prompt deeper analysis of network performance.

Solana Momentum Continues Amid Rivalry The timing of the social media exchange coincided with renewed optimism for Solana. SOL traded near $147.47, up 2.89% in the last 24 hours and 8.72% over the past seven days, with trading volume exceeding $8 billion. Circulating supply of roughly 570 million tokens places Solana’s market capitalization above $83 billion. 

Analyst Ali Martinez observed that SOL recently turned bullish on the SuperTrend indicator, and curb.sol reported a breakout from key resistance levels. Traders suggested momentum could carry SOL toward $200, reflecting strong market responsiveness to competitive and social narratives. Investors are watching closely as upcoming updates and ecosystem developments could further influence network adoption and price performance in the coming weeks.

The exchange between Solana and Starknet highlights ongoing tensions between layer-one and layer-two networks as they compete for adoption, performance, and investor attention. 

Bitcoin is breaking $97K resistance just as traders brace for a closely watched U.S. Supreme Court ruling on Trump’s tariffs.

Market Sentiment:

Bullish Bearish Neutral

Published: January 14, 2026 │ 9:57 PM GMT

Created by Kornelija Poderskytė from DailyCoin

Crypto analyst and YouTuber Nick (known for macro-technical breakdowns of Bitcoin and XRP) says the market is “starting to heat up in a big way” just as traders brace for a U.S. Supreme Court ruling on Trump-era tariffs that many fear could rattle risk assets.

In a new video, he argues the Supreme Court’s Trump tariff decision is largely priced in and, if anything, removes a macro overhang rather than creates a new one—while Bitcoin quietly prints what he calls a “solid breakout” that mirrors its April 2025 bottoming structure.

Bitcoin’s Structure: “Game Over For Bears” Above $95KOn his three‑day chart, Nick highlights Bitcoin pushing through a key resistance zone around $94,000–$95,000, with a daily close above both the level and prior wicks. At the time he recorded, BTC was trading above $95K, which he frames as the final hurdle before a potential move toward $100K+.

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He points to RSI bullish divergence and a turn in MACD momentum that look “very similar” to the April 2025 bottom. In that earlier setup, a 53–54 day downtrend ended with a sharp upside expansion; he notes this current correction has run a nearly identical length.

BITCOIN ABOUT TO MAKE BULLISH CROSSOVER

– The 5 day chart MACD about to crossover into bullish territory.

– Strong rallies have followed 3 of the last 3 times pic.twitter.com/xM0ZKL9gXm

— Bitcoin Archive (@BitcoinArchive) January 11, 2026 “If we break above $94.4K, I’m expecting a retest of $106K,” he says, adding that multiple resistance levels between 94K and 106K make a straight-line move unlikely. Instead, he expects chopping and ranging inside that band, but within what he still views as a macro uptrend.

The broader crypto market cap, he notes, has added more than $150 billion in roughly 24 hours, with the total market chart following almost the same pattern he flagged in a December 21 post that called for a sentiment-driven reversal from extreme bearishness.

XRP Setup Holds Ahead Of Tariff-Ruling Everyone FearsXRP, trading around $2.16 after bouncing off roughly $2.04, is also on his radar. On the weekly chart, RSI has just broken its moving average while MACD bearish momentum is fading—similar to the June–July 2025 period that preceded a major XRP spike. He stresses, however, that XRP still needs clearer bullish momentum before he treats it as fully confirmed.

The immediate focus for markets is Wednesday’s Supreme Court decision on whether Trump’s tariffs were legal. Prediction markets put the odds of the tariffs being ruled illegal at around 73–76%. Trump himself has warned that, if the court rules against him, the U.S. may have to refund “trillions of dollars” in tariffs, describing it as a “complete mess.”

BREAKING: Trump says that the US would have to pay back "trillions of dollars" if the Supreme Court rules against his tariffs.

"It would be a complete mess".

Maybe he shouldn't have ILLEGALLY implemented his stupid tariffs then… pic.twitter.com/eLDj6cGdvX

— Brian Krassenstein (@krassenstein) January 12, 2026 Nick pushes back on the panic. He underscores that the court is ruling on how the tariffs were implemented, not on the existence of tariffs as a policy tool. He cites comments attributed to Treasury Secretary Scott Besant that the U.S. Treasury “has enough to cover tariff refunds” and can “easily absorb” them without creating a liquidity crunch.

To him, that makes the event mostly neutral: the market “expects” an illegal ruling, and the refund risk is already reflected in prices. He suggests that a surprise ruling upholding the tariffs could actually be the bigger short‑term catalyst.

Sentiment, Liquidity & Why The Bottom Might Be InYouTuber Nick repeatedly contrasts current on‑chain and structural signals with what he describes as historically washed‑out sentiment: low retail participation, collapsing Google search interest in crypto, and “CT demise” (crypto Twitter engagement falling off). “These are typically not signs you see at the top,” Nick argues.

While warning against getting “too bullish” before more levels flip, he believes the combination of macro noise being priced in, improving technicals on BTC and XRP, and a clean, volume‑supported breakout in total crypto market cap points toward a broader rebound rather than another leg down.

For investors, the call is straightforward but not risk‑free: treat the tariff ruling as background noise unless it delivers a genuine surprise, and watch Bitcoin’s behavior between 95K and 106K as the real tell for where this cycle goes next.

Check out DailyCoin’s hottest crypto news today:
PEPE Buyers Flip The Script, Gaussian Break-out Loading?
DASH and Story (IP) Soar as Altcoins Lead Market Rally

People Also Ask:Does the market analyst believe the Supreme Court tariff ruling is bearish for crypto?

No. The YouTuber Nick sees it as mostly priced in and characterizes the market’s doom‑laden takes as overblown, possibly leading to “a big nothing event.”

What key Bitcoin level is he watching now?

Roughly $94.4K–$95K as the breakout trigger, and then $106K as the next major resistance and target.

How is XRP positioned in his view?

XRP shows early bullish signals on weekly RSI and MACD, resembling its mid‑2025 launch, but he wants stronger momentum confirmation.

What’s his broader market view?

He believes the November lows likely marked a major bottom and that the current move is the start of a larger, structurally supported expansion—provided key resistance levels continue to fall.

DailyCoin's Vibe Check: Which way are you leaning towards after reading this article?

Market Sentiment

0% Neutral

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XRP has broken above the $2.10 price level, but on the surface, the chart is not comfortable. Red candles, falling sentiment, and growing chatter about weakness are still dominating conversation. 

According to a crypto analyst on X, that reaction may be exactly what larger players are counting on, especially because a closer look at on-chain data shows a very different story is quietly unfolding below the price action.

Price Weakness And Retail Capitulation On Center Stage XRP started the year on a good note, with a break above $2 and then pushing as high as $2.41 before facing rejection. This rejection, in turn, caused the altcoin to fall to as low as $2.05. The analyst pointed to the loss of the $2.23 level during the breakdown as the moment retail confidence began to crack. 

As XRP’s price action trended lower to $2.05, fear-based selling increased, and this was shown on the charts that appeared increasingly bearish. From a short-term perspective, the move looked like confirmation that sellers quickly took control from buyers. 

Source: Chart from Jungle on X Behind that visible decline, there are activities from institutional participants that do not show up on standard price charts. When retail participants were selling, XRP-related ETFs recorded a net inflow of $4.9 million in a single day. 

The lower panel of the chart below shows this divergence, showing total holdings of Spot XRP ETFs climbing steadily even as the price moved lower. This contrast can be described as a transfer of wealth in plain sight, showing how institutional buyers were using the pullback to add exposure when retail traders were selling.

Supply Shock Shows Quiet Accumulation The message is that what looks like weakness on the surface may be setting the stage for a very different outcome once selling pressure from retail participants fades. 

However, another detail raised by the analyst is the movement of the token off exchanges. Roughly $22 million worth of tokens reportedly left trading platforms in the past 24 hours, reducing readily available supply. 

The pattern extends back to late 2025, when balances held on crypto exchanges began a steady decline. Data from Glassnode shows that total exchange-held XRP has now fallen below 2 billion tokens, which is a notable decline from levels above 4 billion XRP recorded around January 2025.

This reduction in exchange supply has not yet translated into an extended upside move in the altcoin’s price since it started correcting from its July all-time high, but it does point to quiet accumulation taking place below the surface. 

As some holders sell into weakness, a smaller group of market participants appears willing to absorb supply. That divergence is why several analysts have cautioned the XRP community against panic selling and getting shaken out.

XRP trading at $2.14 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Freepik, chart from Tradingview.com

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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

Journalist

Posted: January 15, 2026

Optimism’s price rose the highest among all other Layer 2 (L2) chains. OP surged by more than 13% in the past 24 hours, per data from CoinMarketCap.

Furthermore, the volume jumped by more than 140%, surpassing $200 million, with the volume-to-market-cap ratio sitting at 29%. This indicated enough liquidity for trading the token.

At press time, OP was fifth in terms of performance across coins in the top 100 by market cap. The activity on Optimism’s Superchain was in line with the price performance.

Optimism chain activity surges Chain activity on Optimism has been on the rise since the start of 2025 and proved to be even more robust since 2026 started.

Per data from Token Terminal, the transaction count on the day surpassed 2.5 million. OP has maintained this range since the year started, with the total count approaching 1 billion transactions.

In fact, the count was at 921.9 million at the time of writing.

Source: Token Terminal

Optimism was also among the most capped projects among L2 chains. Mantle was the largest, with a 39.8% share, while Arbitrum One and OP Mainnet trailed behind with 13.6% and 9%, respectively.

Numerically, the OP Mainnet had a fully diluted market cap of more than $1.3 billion at the time of writing.

Source: Token Terminal

Will OP’s price sustain its position above the reversal pattern?

OP breaks above key reversal pattern On the charts, OP had broken above the neckline of the inverted heads-and-shoulders pattern at $0.3388. This indicated that the market structure had shifted from a bear one – usually a reversal pattern.

Technically, structure was shifting, as the MACD and Stochastic RSI readings showed. The MACD was bullish with the signal line above the neutral line, while the RSI was trading around oversold conditions.

This meant that bulls were driving OP’s price.

The continuation of this shift depended on if OP stayed above the breakout zone at $0.3388. The perfect scenario would be price retesting this level and holding above it for a move toward $0.45.

Source: TradingView

Conversely, failure to hold above the neckline would invalidate the current bullish structure. This would mean a revert back to levels around the shoulders at $0.28 or at the head, which was at $0.25.

In case of a continued bullish trend, the rally could be accelerated by the 12-month buyback proposal, as earlier reported by AMBCrypto.

Buybacks usually lead to a supply crunch, which fuels uptrends if the same is followed by demand for the token.

Final Thoughts Optimism surged 13% in price while volume pumped by 140% in the past 24 hours.  The chain’s activity and the broader market resurgence drove OP’s price during the day. 

Despite a fix from Sui core developers, the Sui Foundation has not provided details on what triggered the network outage.

The layer-1 Sui blockchain is back online and “fully operational” after a six-hour network outage stalled transactions on the high-speed network.

“Transactions are flowing normally. If you are still seeing issues, please refresh your app or browser window,” the Sui Foundation posted to X on Wednesday.

Source: SuiThe Sui Foundation confirmed the outage on Wednesday at 3:24pm UTC, informing its 1.1 million X followers that Sui core developers were actively working on a solution. 

The Sui Foundation has not explained how the “Consensus outage” came about, which restricted more than $1 billion in value on the chain and prevented users from transacting on the network.

The Sui Foundation said it started investigating the issue on Wednesday at 2:52 pm UTC, and resolved the problem at 8:44 pm UTC, bringing the network back online after 5 hours and 52 minutes.

Incident marks Sui’s second major outageThe high-speed blockchain also faltered in November 2024, with Wednesday’s incident marking the second major outage since the network launched in May 2023.

Solana has faced similar issues in the past, but hasn’t had any outages in past 18 months.

Solana has previously rolled out emergency updates allowing validators to better coordinate to fix critical client-side issues. 

Just last week, the Solana Status X account called on validators to upgrade to a new version containing a “critical set of patches.”

SUI briefly spikes 4% amid network outageSui’s (SUI) token price has remained largely flat since the Sui Foundation confirmed the outage, but briefly rose 4% on the news before settling back around $1.84, CoinGecko data shows.

SUI’s change in price over the last 24 hours. Source: CoinGeckoMagazine: One metric shows crypto is now in a bear market: Carl ‘The Moon’

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy

Analysts at investment bank TD Cowen have cut their one-year price target on bitcoin treasury company Strategy (formerly MicroStrategy) to $440 from $500, citing a weaker outlook for bitcoin yield as dilution from continued equity and preferred stock issuance increases.

The analysts, led by managing director Lance Vitanza, now expect Strategy to acquire around 155,000 bitcoins in fiscal year 2026, up from a prior estimate of 90,000, they said in a Wednesday report. However, the higher pace of accumulation is expected to be funded with a greater mix of common and preferred equity, which the analysts said will dilute bitcoin yield — defined as the percentage change in bitcoin held per fully diluted share.

“For FY26E, we now model 7.1% BTC Yield (vs. our 8.8% prior estimate and down from 22.8% for FY25A),” the analysts wrote. “This translates to a BTC $ Gain of $6.315 billion for FY26E (vs. $9.4 billion prior) and a price target of $440 based on an unchanged 5x multiple.”

The analysts expect a reversal in fiscal 2027, with bitcoin yield accelerating to 8.1% (vs. 6.6% prior) and BTC $ Gain rising to more than $13.5 billion (vs. $10.150 billion prior). BTC $ Gain is defined as the U.S. dollar value of bitcoins acquired without increasing the company’s fully diluted share count, calculated as BTC Gain multiplied by the average bitcoin price over the period.

The analysts said Strategy has leaned aggressively into the recent pullback in bitcoin prices rather than slowing its treasury activity. Over the week ended Jan. 11, the company issued about 6.8 million shares of common stock and roughly 1.2 million shares of its variable-rate STRC preferred stock, raising approximately $1.25 billion in total. Nearly all of the proceeds were used to purchase an additional 13,627 bitcoins.

“Having flirted over the past few weeks with a zero bitcoin premium, Strategy could not have been faulted had it chosen to slow the pace of its treasury operations,” the analysts wrote. “We had expected as much, but Strategy is having none of that. The company has moved aggressively to take advantage of what we and many others believe will prove a temporary depression in the price of bitcoin.”

Because the latest purchases were funded largely through equity issued close to parity, the transactions generated scant bitcoin yield, the analysts said. The move, they added, only makes sense if bitcoin prices recover meaningfully — a scenario the analysts believe is likely given what they described as increasingly favorable macro and regulatory factors.

Looking ahead, the analysts expect Strategy to remain aggressive in issuing equity and preferred securities as long as bitcoin prices remain depressed. They continue to model bitcoin reaching around $177,000 by December 2026 and approximately $226,000 by December 2027, with a reversal in yield dynamics expected in fiscal 2027 as higher prices improve the accretion profile of future purchases.

Despite the lower yield outlook and price target cut, the analysts maintained a constructive view on Strategy as a vehicle for bitcoin exposure. They said they see opportunities across the company’s capital structure, including all five tranches of preferred stock, which they believe can offer a combination of income generation and capital appreciation. As one example, the analysts highlighted the senior STRF preferred shares, which they said imply a potential internal rate of return of around 30% based on yield compression and fixed dividends.

The analysts also addressed recent developments around index inclusion, noting that MSCI earlier this month said it would not proceed, for now, with excluding bitcoin treasury companies like Strategy from its indexes. The analysts described the decision as a positive near-term development, while cautioning that longer-term uncertainty remains.

"We note that many of MSCI's largest customers are making significant sums selling spot bitcoin ETPs — in the case of Blackrock (MSCI's largest customer at 10.2% of FY24 revenue), bitcoin products constitute the company's largest revenue source," the analysts wrote. "We worry that the BlackRocks of the world mistakenly view public bitcoin treasury companies like Strategy as competitors and thus 'bad for business'. While such a belief would in our opinion be misplaced, it would be hard for MSCI to resist entreaties from its customer base."

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Journalist

Posted: January 15, 2026

Bitcoin has climbed above the $95,000 mark for the first time since mid-November, extending its January recovery as spot market demand shows renewed strength.

At the time of writing, Bitcoin was trading around $97,200, according to TradingView data. This marks a decisive break above the upper boundary of a multi-week consolidation range that had capped price action since late 2025.

Bitcoin breakout ends prolonged consolidation phase Bitcoin spent much of December and early January trading sideways between roughly $88,000 and $94,000, following a sharp correction from November highs. 

Source: TradingView

The latest move higher represents a technical shift, with price now establishing a higher high on the 12-hour chart.

Trading volume expanded alongside the breakout, suggesting the move was supported by participation rather than thin liquidity.

This reduces the likelihood of a short-lived price spike and points instead to renewed market engagement at higher levels.

Spot taker data signals renewed buy-side pressure According to CryptoQuant, Bitcoin’s 90-day Spot Taker Cumulative Volume Delta [CVD] has turned positive again in January, signalling a return to taker buy dominance.

Taker CVD measures whether aggressive market participants are buying or selling at the market price. 

Source: CryptoQuant

A sustained positive reading indicates that buyers are willing to pay higher prices to secure exposure. This is a dynamic typically associated with momentum-driven advances rather than passive accumulation.

It marks a shift from the September–November period, when taker sell dominance coincided with Bitcoin’s corrective phase.

Bitcoin accumulation metrics confirm follow-through Further confirmation comes from the Accumulation/Distribution [A/D] indicator, which has continued trending higher during the breakout.

The metric recently reached a local high of 5.05 million. The rise suggests that inflows have persisted even as price moved above resistance.

Historically, rising accumulation alongside a breakout increases the probability that price strength is being supported by broader market participation, rather than short-term positioning alone.

Key levels now in focus With $95,000 reclaimed, the zone between $94,000 and $95,000 may now act as near-term support. 

On the upside, Bitcoin is approaching the psychological $100,000 level. However, price action around that area will likely determine whether momentum can extend further.

Final Thoughts Bitcoin’s move above $95,000 is supported by a shift in spot taker behavior, with buyers regaining control after weeks of neutral-to-sell-dominated flow. While the rally has yet to challenge prior highs, improving accumulation trends suggest the breakout is underpinned by sustained demand rather than short-term speculation.

Bitcoin extended its bullish breakout on Wednesday, surging to an intraday high of $97,800 during the U.S. trading session after decisively breaking above the long-standing $95,000 resistance level that had capped prices for nearly two months. The world’s largest cryptocurrency posted a 3.5% gain over the past 24 hours, reigniting optimism across the broader crypto market.

Ethereum also outperformed, with ether climbing 5% to around $3,380. This move marked Ethereum’s highest price in more than a month and its first clear break above the key $3,300 level in 2026. The synchronized rally between Bitcoin and Ethereum helped drive renewed risk appetite among digital asset investors.

The sharp price increases triggered significant liquidations in crypto derivatives markets, particularly among traders holding leveraged short positions. Data from CoinGlass shows that nearly $700 million in short positions were liquidated within 24 hours. Bitcoin shorts accounted for approximately $380 million, while more than $250 million came from liquidated Ethereum shorts. Short liquidations occur when rising prices force exchanges to automatically close bearish positions due to insufficient margin, often accelerating upward price momentum.

According to market analysts, the move above $95,000 unleashed a wave of short-covering demand. However, some caution that the rally may be driven more by technical and mechanical factors than by a fundamental shift in market conditions. Market makers may be pushing prices higher to rebalance supply and demand following the sharp declines seen in October and November.

Still, sentiment has clearly improved. Analysts note that Bitcoin’s breakout above $95,000 could act as a key signal for a broader “risk-on” phase in crypto markets. With equities remaining firm and bond yields stabilizing, macro conditions may also be supporting the current upswing. Trading volumes have increased alongside the rally, suggesting fresh demand rather than speculative excess, as funding rates in perpetual futures remain relatively subdued.

If Bitcoin can secure a weekly close above $95,000 or Ethereum pushes beyond $3,500, traders believe it could confirm a renewed bullish trend, potentially setting the stage for a test of the $100,000 level and beyond.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

Amid growing institutional and mainstream crypto adoption, projects have turned to aggressive expansion, especially in stablecoin-linked areas.

Polygon Labs has become highly ambitious, seeking to dominate the stablecoin market and cross-border settlement.

Polygon Labs’ $250 million acquisition On the 13th of January, Polygon Labs announced that it had signed an agreement to acquire Coinme and Sequence for over $250 million in a major deal.

These acquisitions aim to expand Polygon’s influence in stablecoin and other on-chain money transactions.

Since the passing of the Genesis Act by the U.S. Congress last year, demand for stablecoins as a means of payment has surged considerably. 

For that reason, Polygon Labs wants to position itself as the major player in the emerging field as institutions embrace crypto payments. 

Even so, Polygon’s move is not an isolated case, as crypto firms have attempted to transition into banks that operate on-chain.

However, the infrastructure to achieve this goal remains limited, and Polygon’s acquisition takes a major step towards expanded market reach. 

What the purchases add to Polygon Notably, the purchase of crypto payment firm Coinme and wallet infrastructure Sequence anchors Polygon’s upcoming Open Money Stack. 

With these infrastructures in place, the firm will be well-positioned to streamline cross-border transactions and strengthen its stablecoin payments. 

As such, Coinme adds money transmitter licenses in 48 states and 50,000 locations for fiat-to-crypto. On the other hand, Sequence provides enterprise wallets and cross-chain transaction tech.

Building on 2025’s 452 million stablecoin transactions, the move eyes mainstream payments, blending crypto speed with regulation.

Polygon ecosystem booming Building on its intensified expansion, Polygon has skyrocketed to record-breaking levels. As reported earlier by AMBCrypto, Polygon transactions surged to a record high of 1.4 billion in 2025.

This usage level extended over into 2026, and the number of transactions has averaged 6 million over the past two weeks.

At press time, the number of Daily Transactions held at 6.11 million, according to Defillama, reflecting strong on-chain activity.

Source: Defillama

Even more importantly, these transactions were backed by a solid user base. Over the same period, the number of active users has hovered between 400k and 700k, further indicating strong network demand.

Addresses and transactions holding at elevated levels signals organic demand for the network, which tends to boost its token’s price action.

Bearish pressure overwhelms POL, though While Polygon continued to expand its market reach and network usage remained elevated, POL has faced significant bearish pressure.

In fact, after climbing to $0.18, POL faced rejection and retraced to a low of $0.15, then rebounded slightly to $0.16 at press time.

This market weakness was largely driven by increased profit-taking between the 10th and the 14th of January. According to Coinalyze, sellers crashed the market after POL touched $0.18, as Sell Volume rose to 835.86 million.

Source: Coinalyze

As a result, the downward pressure intensified, strengthening the downside momentum as the Relative Strength Index (RSI) fell from 85 to 65.

Although RSI slipped, it remains within the bullish zone, indicating buyers remain active in the market.

Likewise, its Relative Vigor Index (RVGI) made a bearish crossover and fell to 0.24, further validating the trend’s weakness.

Source: TradingView

Thus, if sellers continue offloading, POL will breach the $0.15 support and dip further towards $0.14.

However, if the market takes the recent Polygon Labs acquisition positively, POL will retest $0.18 and target a move above $0.2.

Final Thoughts Polygon Labs announced the acquisition of Coinme and Sequence for over $250 million, aiming to expand its reach in the stablecoin market.  POL still faces strong bearish pressure as sellers dominate the market, risking a dip to $0.14. 

TLDR:

Bitnomial launches the first U.S.-regulated APT futures, paving the way for a potential spot ETF. The Aptos network hit a historic revenue milestone, generating over $1 million in fees in a single day. Financial giants such as BlackRock and Franklin Templeton are already managing tokenized real-world assets (RWA) within the ecosystem. 2026 has started strongly for the Aptos ecosystem, driven by the launch of the first U.S.-regulated APT futures via Bitnomial. This advancement represents a critical step for the institutional adoption of Aptos, as a supervised derivatives market is an indispensable requirement for the approval of future ETFs. 

Thanks to this infrastructure, investors now have a solid legal compliance framework to access this asset.

The news coincides with an impeccable financial performance of the network. It was revealed that in late December, it managed to exceed $1 million in daily revenue from fees. In fact, this growth in economic activity highlights the maturity of its Move technology, which has enabled the processing of billions of transactions.

Consequently, the increase in usage metrics reinforces the thesis of the institutional adoption of Aptos as one of the most efficient blockchains in today’s market.

Expansion of Real-World Assets (RWA) and Financial Capital Beyond trading, the network is positioning itself as the third-largest ecosystem for real-world assets (RWA), hosting funds from renowned firms such as BlackRock and Franklin Templeton.

Currently, the institutional adoption of Aptos translates into more than $723 million in tokenized assets hosted on its infrastructure. This demonstrates that major capital managers prefer the security and scalability of this network for their most complex financial products.

Notably, the 700% increase in total value locked (TVL) over the last year places the network in a superior competitive league compared to other Layer 1s. 

In summary, the success of Bitnomial futures and the record revenue suggest that the institutional adoption of Aptos is only just beginning its massive expansion phase. Industry analysts will closely monitor the integration of new tokenized funds that could further boost the network’s liquidity and utility in the coming months.

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