Market Signal Briefing

Pullback Completion Reinforces Bull Trend Continued signs of strength in the price of gold are anticipated given the long-term breakout that triggered in December. Monday’s high further confirmed the completion of the first pullback that ended near the 38.2% Fibonacci retracement and 20-day average. Of significance, the pullback was not too far below the prior $4,381 peak as well.

That relationship and bullish reversal signs following the 38.2% retracement are indications of underlying strength of the trend and suggest further upside. Nonetheless, current price areas to watch for support on a pullback are at the prior high of $4,550, a recent interim swing high of $4,500, and the 10-day moving average, now at $4,556 and rising.

Resistance Range Defines Near-Term Upside A breakout above Tuesday’s high of $4,635 triggers a potential bullish continuation of the trend. However, the next potential resistance zone starts only a little higher at $4,664 and up to $4,713. It remains to be seen if the market responds to either of those long-term targets for gold, or a 161.8% Fibonacci extension of the October correction at $4,687, which is between the two.

Given the closeness of the targets, the range can be considered more so than individual price targets. The suggestion is to expect resistance once hitting $4,664 and up to the top of the range. And a decisive breakout above $4,713 indicates a breakout of a range and therefore a sign of strength.

Weekly Breakout Confirms Strong Demand Bullish implications on the weekly chart further show strong demand for the uptrend. Dynamic support held during a pullback above the 10-week average and an inside week breakout triggered on Monday. On a weekly basis, the new high breakout will confirm on a close above the prior high at $4,550.

If you’d like to know more about what drives gold and silver prices, please visit our educational area.

, /PRNewswire/ - Hydro One Networks Inc. (Hydro One) and the Society of United Professionals (Society) are pleased to announce that a tentative agreement has been reached for the collective agreement covering employees represented by the Society, which includes engineering, supervisory and other professional roles, across Hydro One's operations in Ontario.

The tentative agreement remains subject to ratification by the Society membership and if approved, it would take effect retroactively to October 1, 2025

Hydro One Limited (TSX: H)
Hydro One Limited, through its wholly-owned subsidiaries, is Ontario's largest electricity transmission and distribution provider with 1.5 million valued customers, $36.7 billion in assets as at December 31, 2024, and annual revenues in 2024 of $8.5 billion.

Our team of 10,100 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system which is essential to supporting strong and successful communities. In 2024, Hydro One invested $3.1 billion in its transmission and distribution networks, and supported the economy through buying $2.9 billion of goods and services.

We are committed to the communities where we live and work through community investment, sustainability and diversity initiatives.  

Hydro One Limited's common shares are listed on the TSX and certain of Hydro One Inc.'s medium term notes are listed on the NYSE. Additional information can be accessed at www.hydroone.com, www.sedarplus.com or www.sec.gov. 

For More Information
For more information about everything Hydro One, please visit www.hydroone.com where you can find additional information including links to securities filings, historical financial reports, and information about the Company's governance practices, corporate social responsibility, customer solutions, and further information about its business.

Forward-looking statements and information:

This press release may contain "forward-looking information" within the meaning of applicable Canadian securities laws and "forward-looking statements" within the meaning of applicable U.S. securities laws (collectively, "forward-looking information"). Statements containing forward-looking information are made pursuant to the "safe harbour" provisions of applicable Canadian and U.S. securities laws. Words such as "expect", "anticipate", "intend", "attempt", "may", "plan", "will", "can", "believe", "seek", "estimate", and variations of such words and similar expressions are intended to identify such forward-looking information. These statements are not guarantees of future performance or actions and involve assumptions and risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed, implied or forecasted in such forward-looking information. Some of the factors that could cause actual results or outcomes to differ materially from the results expressed, implied or forecasted by such forward-looking information, including some of the assumptions used in making such statements, are discussed more fully in Hydro One's filings with the securities regulatory authorities in Canada, which are available on SEDAR+ at www.sedarplus.com. Hydro One does not intend, and it disclaims any obligation, to update any forward-looking information, except as required by law.

SOURCE Hydro One Limited

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in AR over 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.

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NEW YORK, Jan. 13, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Ventyx Biosciences, Inc. (“Ventyx” or the “Company”) (NASDAQ: VTYX).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Ventyx and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On December 2, 2025, Ventyx issued a press release “provid[ing] an update to its ongoing Phase 2 study of VTX2735 in patients with recurrent pericarditis (‘RP’).”  In relevant part, the Company’s Chief Executive Officer said that “[w]e are . . . revising our guidance for topline data release from the interim analysis of the Phase 2 RP trial to Q1 2026,” describing the shift as “provid[ing] us with an opportunity to introduce dose-ranging studies with our new once-daily or QD formulation in the current Phase 2 study while also expanding into Canada, EU and the UK, a strategy we feel will accelerate Phase 3 timelines.” 

On this news, Ventyx’s stock price fell $1.44 per share, or 15.35%, to close at $7.94 per share on December 2, 2025.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.   

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

Analyst’s Disclosure:I/we have a beneficial long position in the shares of BHFAO, BHFAP either through stock ownership, options, or other derivatives. 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.

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.

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Significant Losses in Aquestive Therapeutics to Contact Him Directly to Discuss Their Options

If you suffered significant losses in Aquestive Therapeutics stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

New York, New York--(Newsfile Corp. - January 13, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Aquestive Therapeutics, Inc. ("Aquestive" or the "Company") (NASDAQ: AQST).

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

Shares of Aquestive Therapeutics, Inc. (NASDAQ: AQST) plunged approximately 40% intraday on Friday after the company disclosed that the U.S. Food and Drug Administration (FDA) identified deficiencies in its New Drug Application (NDA) for Anaphylm, its experimental sublingual film for the treatment of severe allergic reactions, including anaphylaxis. The FDA advised that the unidentified deficiencies currently prevent discussions of labeling and post-marketing requirements, raising concerns about the application's approvability ahead of the January 31, 2026, PDUFA action date.

To learn more about the Aquestive Therapeutics investigation, go to www.faruqilaw.com/AQST or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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Posted: January 14, 2026

VIRTUAL token rallied 86% within the first week of January, rising from $0.642 to $1.198. After this remarkable frenzy of buying, the altcoin saw subdued demand and momentum.

At the time of writing, it was trading at $0.975. A daily session close below the $1 mark would not be a good sign for the bulls in the short term.

Crypto investor Gem Insider noted in a post on X that the recent breakout had similarities to the one from April 2025. Back then, a breach of a descending trendline saw a rally that reached $2.5.

Will the current breakout achieve similar results?

VIRTUAL bulls’ defense of $1 could dictate the next move The Virtuals Protocol [VIRTUAL] token saw a bullish start to the year, like many other altcoins. CoinMarketCap data showed that the AI sector expanded by over 20% in the first week of the month.

VIRUTAL was not the only token whose performance exceeded expectations.

Source: VIRTUAL/USDT on TradingView

Can it maintain the move?

The 50% retracement level of the impulse move would be the first test. If $0.918 is defended from the sellers, more upside and new highs would be highly likely.

The MACD and CMF showed upward momentum and strong capital inflows at the time of writing, an encouraging sight for investors.

The potential for a deeper VIRTUAL pullback Santiment data showed that there were spikes in the dormant circulation and age consumed metrics. There were two notable spikes in the past two weeks, on the 30th of December and the latest on the 8th of January.

The former indicated a potential capitulation as the price sank toward new multi-month lows. The sudden turnaround to start the new year prompted a wave of profit-taking once the momentum began to slow down.

Therefore, it appeared likely that further price expansion upward might face some difficulties, unless there is another wave of demand and a sentiment shift from investors.

Traders’ call to action- Stick to the structure The recent VIRTUAL rally left behind some imbalances on the 1-day timeframe. One of them aligned with the 78.6% Fibonacci retracement level, marking it as a strong demand zone.

Hence, swing traders can wait for a price drop to $0.73-$0.76 to look to go long. The 1-day swing structure was bullish after the $1 supply zone was overcome earlier this month.

Final Thoughts The Virtuals Protocol bulls might fail to defend the $1 psychological level if demand slows down. A daily session close below $1 would likely see prices dip to $0.73-$0.76, which could mark the end of the retracement. Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

Akashnath S is a Senior Journalist and Technical Analysis expert at AMBCrypto. He specializes in dissecting price action, identifying key market trends through advanced chart patterns, and forecasting both short-term and long-term asset trajectories. His distinct analytical method is grounded in his academic training as a Chemical Engineer. This background provides him with a systematic, process-oriented approach to market data, enabling him to analyze the complex dynamics of financial markets with precision and objectivity. Having actively covered the cryptocurrency space since the landmark 2017 market cycle, Akashnath possesses years of experience navigating both bull and bear markets. This seasoned perspective is critical to his insightful reporting on market volatility and evolution. As an active market participant, Akashnath enhances his analysis with crucial, hands-on experience. This practical application of his technical skills ensures his insights are not merely theoretical, but are also relevant and actionable for an audience looking to understand and navigate trading opportunities. He is dedicated to educating readers on the nuances of technical analysis, empowering them with the knowledge to make more informed financial decisions.

Bitcoin briefly topped $93,700 before settling near $93,500, buoyed by fresh consumer price index data at 2.7% and a sharp rebound in spot bitcoin exchange-traded funds inflows. ETF Flows Flip Positive On Jan.

Yield, a decentralized finance (DeFi) protocol, has lost $3.73 million in trade. This was a result of extreme slippage, resulting in 3.84 million GHO being exchanged for just 112,000 USDC.

According to Perkshield, the transaction involved six different tokens and leveraged two DeFi platforms, including Uniswap V4 and Bancor. Several internal ETH transfers were executed to facilitate the swap, including transfers from Uniswap pools to wrapped Ether contracts, as well as Bancor swap and converter addresses.  

Slippage and liquidity difficulties cause losses in millions The main transaction sent 3,840,651 stkGHO from the Uniswap pool. After that, smaller amounts of both stkGHO and GHO tokens were transferred through various liquidity pools and converters.

#PeckShieldAlert Yield (@yield) has suffered a major financial hit totaling ~$3.73M.

The loss occurred during a Vault operation involving a swap from $stkGHO to $USDC; due to extreme slippage, 3.84M $GHO was exchanged for a mere 112K $USDC. pic.twitter.com/jB5c1Zjm6m

— PeckShieldAlert (@PeckShieldAlert) January 13, 2026

The largest ETH transfer was 24.99 ETH, worth approximately $78,368 from a Uniswap V4 pool. Smaller transfers, from fractions of an ETH to several ETH, were also seen. These were used for private settlement between liquidity pools and swap aggregators. Several transactions of ERC-20 tokens also happened.

Small transfers of tokens, including 11,127 stkGHO, worth approximately $11,118, and 2,707 stkGHO, worth $2,705, contributed to the overall transaction, but they didn’t have much of an effect on the total loss.

The transaction was quickly approved on-chain, with over 7,200 block confirmations recorded. The gas fee translated to only $1.03, underscoring that the loss was not due to transaction costs but entirely the result of slippage and liquidity issues. 

Yield acts as a vault layer that sends money to dozens of DeFi venues with “risk-adjusted optimization.” But slippage is the oldest trick in DeFi. If controls don’t work, limitations, routing, liquidity checks, and “optimization” can all become donations.

Users whose assets are deposited in the affected vault may experience reduced balances, though the extent of individual impact has not been disclosed. The protocol’s response and any corrective measures, such as adjustments to slippage limits or trade sizing parameters, remain pending.

 DeFi slippage and manipulation incidents increase Previous DeFi incidents include smaller slippage-related losses in protocols like Yearn Finance, which resulted in the loss of approximately 63% of the LP value. Losses totaled $1.4 million prior to any returned funds, or around 2% of the entire treasury. 

Besides slippage, these platforms are very vulnerable to attacks. Last month, YearnFinanceV1 faced a hack that resulted in losses of about $300,000. The stolen funds were swapped into 103 Ether and now sit at address 0x0F21…4066, according to Etherscan images shared by the firm. Researcher Li found that the exploit was similar to an attack carried out in 2023, leading to losses exceeding $10 million. 

At the same time, Cryptopolitan featured a $2.7 million drainage from an old contract belonging to Ribbon Finance, the rebranded version of Aevo. That attack involved repeated interactions with a proxy admin contract at address 0x9D7b…8ae6B76. The attacker invoked functions such as transferOwnership and setImplementation to manipulate price-feed proxies through delegate calls.

Hyperliquid vault also recently suffered a nearly $5 million loss in a POPCAT manipulation attack. A trader split positions across multiple wallets, pushed the market around, then let it snap back, leaving the platform’s liquidity vault to eat $4.9 million in losses when the trade unraveled.

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TL;DR

The Bank of Thailand intensifies monitoring of USDT transactions and sellers. Forty percent of USDT sellers on local platforms operate from overseas. Authorities now treat stablecoin transfers like cash or gold movements. The Bank of Thailand now tracks USDT transactions closely. Officials discovered foreign entities dominate stablecoin sales locally. Forty percent of USDT sellers on Thai platforms operate from overseas, according to central bank governor Vitai Ratanakorn. He stated these foreign participants “should not be trading” within Thailand’s jurisdiction.

Authorities treat stablecoins like physical cash transfers, gold deals, and digital wallet movements. All face intensified oversight under a national campaign targeting unregulated capital flows.

Daily cryptocurrency trading in Thailand averages 2.8 billion baht. This figure stays below the foreign exchange market’s 10 to 15 billion baht range. Yet officials refuse to ignore crypto’s potential role in moving questionable funds. Ratanakorn emphasized action over analysis. His institution will tackle structural weaknesses directly. Ignoring these issues risks long-term macroeconomic disruption.

Prime Minister Anutin Charnvirakul ordered stricter controls on January ninth. His directive covers gold markets and digital assets. New rules demand tighter reporting and enforce wallet identification protocols. The central bank coordinates with the Revenue Department and other agencies. Together they trace large or abnormal money movements.

Stablecoin expansion meets global scrutiny Worldwide stablecoin circulation exceeds 292 billion US dollars. Tether’s USDT dominates this space with 187 billion dollars in supply. Circle’s USDC holds 75 billion dollars. These two tokens control most of the market.

Their growth parallels rising misuse in illegal activities. Chainalysis data shows stablecoins enabled 84 percent of illicit crypto transfers during 2025. Total unlawful volume reached at least 154 billion US dollars that year.

Tether claims cooperation with global law enforcement. The company freezes wallets violating U.S. sanctions lists. Since December 2023, it blocked over three billion US dollars in USDT. Representatives cite partnerships with 310 agencies across 62 countries. On January eleventh alone, Tether immobilized 182 million US dollars tied to five Tron blockchain addresses.

Controversy persists around USDT’s real-world applications. A Wall Street Journal report on January tenth detailed its function in Venezuela. There, the state oil enterprise uses stablecoins to bypass American sanctions. Roughly 80 percent of Venezuela’s oil income arrives via tokens like USDT. This pattern challenges regulators worldwide.

Thailand’s new monitoring reflects wider unease. Authorities seek transparency where digital assets intersect national finance. Stablecoins promise efficiency but carry tangible risks. Vigilance grows as adoption spreads.

Intersect’s Hard Fork Working Group has proposed to name the next Cardano hard fork to Protocol Version 11, the “van Rossem” hard fork, after DRep Max van Rossem. The community has a tradition of naming hard forks in memory of impactful DReps in the blockchain ecosystem, starting with Byron.

Cardano said naming the 2026 hard fork after van Rossem will continue to uphold a long-standing tradition that has been passed down from Shelley, Allegra, Mary, Alonzo, Vasil, Valentine, Chang, and Plomin. The Vasil, Chang, and Plomin hard forks were named after the recently deceased Dreps, in recognition of their families and the Cardano community as a whole. 

Meanwhile, the Hard Fork Working Group said the Cardano community remembers Max as a sharp-minded and deeply committed DRep, as those who worked with him attest. He was heavily involved in the development of Cardano’s constitution and contributed to many governance discussions that have helped shape and optimize the network. 

Max plays a key role in the first Constitutional Committee election  DRep van Rossen served as both a member and a co-lead of the Constitutional Committee Election Working Group, which oversaw the first fully elected Constitutional Committee (CC). He was also integral in the network’s founding governance documents as a delegate representing the Dutch Cardano community at the Constitutional Convention in Buenos Aires, Brazil. Max is one of the major driving forces behind the inclusion of Article VIII in the Cardano constitution. 

Additionally, Max founded AdaMoments, a project that allowed Ada holders to preserve their personal histories by storing images, videos, and text as permanent moments on the Cardano ecosystem. He also facilitated meetups and connected people across the Cardano blockchain as a member of the Dutch community. 

Meanwhile, Intersect announced the proposed hard fork to Protocol Version 11 late last year. The upgrade is expected to introduce improvements to node security, ledger consistency, and Plutus’s performance without requiring a transition to a new ledger era. These updates will include enhancements to reference input rules, the uniqueness of the VRF key, and Plutus primitives. The changes represent the next tranche of treasury-funded development for the Cardano ecosystem.

Cardano opens polls to confirm hard fork name  The Hard Fork Working Group has launched a poll where Cardano community members will vote on the proposed name for the hard fork. The poll will run from January 13 to February 14, 2026. Participating DReps are required to deposit a minimum of 100,000 ADA to vote, and so far, eight DReps have voted YES, representing 1.57% (91.24M ADA) of the total stake (14.16B ADA). The last vote was cast over 20 minutes ago as of publication.

Meanwhile, the final vote will be forwarded to the Technical Steering Committee (TSC) for review and ratification. The hard fork working group will also form a think tank and meet fortnightly to discuss and coordinate matters related to the hard fork. The upcoming hard fork requires network-wide coordination, but with a much lower integration burden than during era transitions.

All other hard fork-related information will be communicated later through the Intersect Knowledge Base. An open Intersect working group will also be formed to include community members who want to participate in the current and future mainnet hard forks. 

The latest proposed upgrade will introduce improvements without transitioning into a new ledger era, keeping Cardano within the same ledger era, currently Conway. The intra-era hard fork introduces fixes, refinements, optimizations, and other new features that do not require an era transition.  

These new changes will collectively enhance script performance, reduce execution costs, and expand the capabilities of builders within the Cardano network. They will also improve governance correctness and transparency.

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Bitcoin long-term holders showed early capitulation as LTH SOPR dipped below 1.0, signaling some six-month-plus holders sold at a loss.

Bitcoin (BTC) is showing early signs of strain among long-term holders as the LTH SOPR (Spent Output Profit Ratio) recently fell below 1.0, signaling that some holders are starting to sell at a loss.

While isolated, this move reflects growing uncertainty in the market as BTC trades near $92,000 amid mixed technical signals.

This development is significant because those holding BTC for more than six months have historically provided stability during price corrections. Their tentative selling could hint at short-term weakness or a shift in sentiment following months of accumulation.

Early LTH Capitulation and Market Reactions The Long-Term Holder SOPR measures whether BTC moved on-chain is being sold at a profit or loss. A value above 1.0 indicates profit-taking, while a drop below 1.0 signals capitulation, where holders sell at a loss.

According to analysis shared on January 13 by market watcher Darkfost, the metric for Bitcoin held for more than six months briefly slipped under this threshold. This behavior, they said, is typically associated with bear market phases and points to selling pressure from “younger” long-term holders who bought within the last 9 months and are now in the red.

This development is happening alongside a notable reduction in positions by large investors. As previously reported, addresses holding between 1,000 and 10,000 BTC have parted with 220,000 BTC over the past year, the fastest rate of decline since early 2023.

While the 30-day average LTH SOPR remains positive at 1.18, it sits well below the annual average near 2.0, reflecting an overall drop in realized profits.

You may also like: Bitcoin Price Reclaims $94K as Trump Lashes Out at Iran, Tariff Haters, Powell, and Others Michael Saylor Defends Bitcoin Treasury, Says Credit Matters More Than Price Crypto Channels’ Viewership Slumps to Levels Not Seen Since 2021 Diverging Signals and Market Outlook The market now presents a clash of narratives. The LTH SOPR hints at strain, but other analysts are pointing to potentially constructive technical patterns. Chartist Egrag Crypto highlighted a “hidden bullish divergence” on Bitcoin’s weekly chart, where price forms higher lows while the RSI momentum indicator makes lower lows, which can precede trend continuation.

Furthermore, the Sell-Side Risk Ratio, a measure of the scale of profits and losses being realized, has returned to levels last seen in October 2023, implying distribution is happening with less conviction.

Looking ahead, the path for BTC appears contingent on a clear break from its current range. Over the past week, it has traded between roughly $90,000 and $92,400, showing modest volatility. In the last 24 hours, the price rose 1.7% to around $92,200, with short-term holders nearing profitability, as noted by investor CW.

Meanwhile, analysts suggest that reclaiming the $92,000–$94,000 zone could trigger renewed buying, but repeated resistance attempts, potentially the eighth or ninth in recent weeks, per Ted Pillows, may exhaust momentum.

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On Jan. 13, the US Senate Banking Committee released the full text of the highly anticipated Digital Asset Market Clarity Act (CLARITY) ahead of its expected markup this week.

The 278-page draft abandons the strategy of picking winners on a token-by-token basis. Instead, it constructs a comprehensive “lane system” that assigns jurisdiction based on the functional lifecycle of a digital asset.

Speaking on the legislation, Senate Banking Committee Chairman Tim Scott said:

“[This legislation] gives everyday Americans the protections and certainty they deserve. Investors and innovators can’t wait forever while Washington stands still, and bad actors exploit the system. This legislation puts Main Street first, cracks down on criminals and foreign adversaries, and keeps the future of finance here in the United States.”

The proposal arrives at a pivotal moment for the industry.

Matt Hougan, Chief Investment Officer at Bitwise, described the legislation as the “Punxsutawney Phil of this crypto winter,” noting that if the bill passes and is signed into law, the market could be “heading to new all-time highs.”

Notably, crypto bettors on prediction markets appear optimistic, with Polymarket users currently assigning the CLARITY Act an 80% chance of being signed into law this year.

However, the clock is ticking, as Senators have a tight 48-hour window to propose amendments to the text.

SEC vs CFTCThe core of the draft creates a legislative bridge between the two primary US market regulators, including the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

The Clarity Act revives and codifies a policy distinction often debated in legal circles: that tokens sold with a promoter’s promise may begin their life looking like securities but can evolve into commodity-like network assets as control disperses.

To operationalize this, the bill defines an “ancillary asset.” This category covers network tokens whose value relies on the “entrepreneurial or managerial efforts” of an originator or a “related person.”

The legislation directs the SEC to specify exactly how to apply those concepts through rulemaking, effectively giving the agency the front-end oversight of crypto projects.

Once a token falls into this lane, the draft leans heavily into an SEC-led disclosure regime that mirrors public equity standards.

The required disclosure list is extensive and intentionally “public-company-ish.” It mandates that issuers provide financial statements that must be reviewed or audited, depending on the size of the raise.

It also requires ownership details, records of related-party transactions, token distributions, code audits, and tokenomics. Additionally, issuers must provide market data such as average prices and highs/lows.

However, the bill provides a clear handoff by repeatedly anchoring the definition of a “digital commodity” to the Commodity Exchange Act.

It treats the CFTC as the relevant counterpart regulator for the market plumbing, requiring the SEC to notify its sister agency of certain certifications.

Put simply, the SEC regulates the “promoter” questions (disclosure, anti-fraud, and fundraising). On the other hand, the CFTC oversees trading venues and intermediaries that handle the assets once they are traded as commodities.

This framework also imposes strict investor protection rules on intermediaries themselves.

The draft states that Regulation Best Interest applies to broker-dealer recommendations involving digital commodities and that investment advisers’ fiduciary duty extends to advice on these assets.

This ensures that even if Bitcoin and Ethereum are commodities, the brokers selling them to retail investors do not get a regulatory free pass regarding suitability and conflicts of interest.

The ETF's fast pass and staking clarityFor market participants holding major assets, the most immediate impact comes from a specific carve-out tied to exchange-traded products (ETPs).

The text states that a network token is not an ancillary asset if its unit has been the principal asset of an exchange-traded product listed on a registered national securities exchange as of January 1, 2026.

This provision serves as a functional on-ramp to commodity status, bypassing years of litigation and SEC debate over decentralization. In practice, this “ETF gatekeeping” clause captures Bitcoin and Ethereum, given their established footprint.

This means that digital assets like XRP, Solana, Litecoin, Hedera, Dogecoin, and Chainlink that have achieved this status would be treated the same as BTC and ETH.

Beyond asset classification, the draft offers significant relief for the Ethereum ecosystem regarding staking.

The draft addresses the lingering fear that staking rewards could be classified as securities income by defining them as “gratuitous distributions.”

The bill explicitly includes multiple staking pathways in this definition, covering self-staking, self-custodial staking with a third party, and even liquid staking structures.

This is particularly noteworthy, given that the SEC previously filed legal actions against firms like Kraken for their staking activity.

Crucially, the text establishes a presumption that a gratuitous distribution is not, by itself, an offer or sale of a security.

The language regarding “self-custodial with a third party” is precise, noting that it applies where the third-party operator does not maintain custody or control of the staked token.

This creates a tailored safe lane for non-custodial and liquid staking designs, though it leaves custodial exchange staking open to continued regulatory scrutiny.

Stablecoin yieldThe legislation also incorporates the “stablecoin rewards fight” directly into the market-structure package.

Section 404 of the Clarity Act appears to hand the banking sector a victory regarding yield-bearing instruments. The latest text prohibits companies from paying interest or yield solely for holding a payment stablecoin.

However, legal experts note a critical distinction in how the bill constructs the yield economy.

Bill Hughes, a lawyer at Consensys, noted that CLARITY deliberately allows stablecoins to be used to earn yield, but it draws a bright legal line between “the stablecoin” and “the yield product.”

The bill adopts the definition of a “payment stablecoin” from the GENIUS Act, requiring such coins to be fully backed, redeemable at par, and used for settlement, without giving holders any entitlement to interest or profits from the issuer.

This ensures that a token like USDC cannot pay yield just for holding it, which would classify it as an illegal security or shadow banking product.

Yet, Title IV includes a section on “preserving rewards for stablecoin holders.”

This allows users to earn yield by utilizing stablecoins in other systems, such as DeFi lending protocols, on-chain money markets, or custodial interest accounts.

Under this framework, the stablecoin remains a payment instrument, while the “wrapper” or the yield-generating product becomes the regulated financial entity (whether as a security, commodity pool, or banking product).

This architecture effectively prevents regulators from classifying a stablecoin as a security simply because it can be used to earn interest. Thus, it preserves the viability of the DeFi yield economy atop “boring” payment tokens.

DeFi safe harborsThe new draft also addresses the contentious issue of decentralized finance (DeFi) interfaces.

Hughes pointed out that the bill moves away from a simplistic “wallets vs. websites” debate and instead establishes a “control test” to determine regulatory obligations.

According to the text, a web interface is legally treated as mere software (and thus not subject to broker-dealer registration) if it does not hold user funds, control private keys, or have the authority to block or reorder transactions.

This creates a statutory safe harbor for non-custodial platforms like Uniswap, 1inch, and MetaMask’s swap UI. It classifies them as software publishers rather than financial intermediaries.

Conversely, the bill strictly regulates any operator that possesses control.

If a website can move funds without a user signature, batch trades, or route orders through proprietary liquidity, it is classified as a broker or exchange.

This captures centralized entities like Coinbase and Binance, as well as custodial bridges and CeFi yield platforms.

Pending issues remainDespite the optimism from some quarters, the bill’s release has triggered a “mad scramble” among legal experts to identify critical flaws before the 48-hour amendment window closes.

Jake Chervinsky, the Chief Legal Officer at Variant Fund, pointed out that lobbyists and policy experts are racing to address what he described as “many” critical issues before the markup deadline.

According to him:

“A lot has changed since the draft that came out in September, and the devil is in the details. Amendments are due by 5 pm ET, so it's a mad scramble today identifying critical issues to fix in markup. Sadly there are many.”

Meanwhile, some critics also argue that the bill introduces existential threats to privacy and decentralization.

Aaron Day, an independent Senate candidate, described the mandatory trade surveillance requirements as taking a page from the “NSA playbook.”

Day highlighted provisions for “universal registration” that would require exchanges, brokers, and even “associated persons” to register, effectively burying the concept of anonymous participation. He also pointed to mandates for “government custodians,” arguing that self-custody for regulated activity effectively becomes illegal.

He said:

“BlackRock and Wall Street get clear on-ramps while DeFi gets strangled in the crib. The SEC and CFTC get expanded empires and fresh revenue streams. You get watched. Tracked. Controlled.”

Beyond privacy concerns, reports indicate the industry faces two specific policy hurdles in the latest draft.

Crypto journalist Sander Lutz reported that the language around stablecoin yield has left both banks and crypto advocates dissatisfied.

While banks appear to have secured a ban on interest for holding stablecoins, loopholes regarding “activity rewards” and loyalty programs remain murky.

Lutz also noted that the Senate Banking Committee's addition of an “unexpected section on DeFi caught industry lobbyists off guard.

According to him, the section's new definitions could rope decentralized protocols into strict regulatory frameworks.

CLARITY Act vote ahead

As the Senate Banking Committee moves toward the Clarity Act markup, the political landscape remains fluid.

While the bill cleared the House last year, the inclusion of banking-sector priorities, such as restrictions on self-hosted wallets or prohibitions on CBDCs, remains a point of interest for negotiators.

With the Senate substitute text now effectively resetting the terms of engagement, the industry is watching to see if this bill will finally signal an early spring for US crypto regulation.

However, Lutz noted that the current frictions have led to a darkening outlook among some insiders.

He reported that an unnamed industry source described the bill's current chances as “NGMI” (not gonna make it).

According to him, the source cited not only structural disagreements but also enduring conflicts between Senate Democrats and the White House regarding ethics and conflict-of-interest language.

Bitcoin price surged above the $94,000 level this afternoon, breaking through a key resistance zone and signaling renewed bullish momentum after weeks of range-bound trading. 

At the time of writing, the bitcoin price is trading at $94,435, up roughly 3% over the past 24 hours, according to market data.

The move marks a decisive reclaim of the upper end of January’s consolidation range, with the bitcoin price now sitting effectively flat relative to its seven-day high of $94,040 and roughly 4% above its seven-day low of $90,897. 

Trading volume over the past 24 hours totaled approximately $52 billion, reflecting heightened market participation as price pushed higher.

Bitcoin’s total market capitalization rose to $1.88 trillion, also up about 3% on the day, as the asset continues to assert its position as the dominant cryptocurrency. 

Bitcoin’s circulating supply currently stands at 19,975,465 BTC, just under the protocol’s hard-capped maximum of 21 million coins.

Is Powell getting pushed out of the Fed?  Over the weekend, the U.S. Department of Justice opened a criminal investigation into Federal Reserve Chair Jerome Powell, a development that rippled through financial markets and coincided with renewed volatility in the bitcoin price.

The probe marks a sharp escalation in a months-long standoff between the White House and the U.S. central bank and its Chair.

Powell disclosed via a social media post that the DOJ served the Federal Reserve with grand jury subpoenas and raised the possibility of criminal charges tied to his June 2025 congressional testimony regarding the more than $2.5 billion renovation of Fed office buildings.

The Fed chair characterized the investigation as politically motivated, arguing it reflects mounting pressure from the Trump administration to push through deeper interest rate cuts rather than maintain the central bank’s data-dependent policy framework.

President Donald Trump has repeatedly criticized Powell’s leadership and the broader Fed monetary policy. Trump has somewhat denied direct involvement in the DOJ action, but he has continued to publicly express frustration with the central bank’s reluctance to ease policy (mainly interest rates) more aggressively.

The widening dispute unsettled traditional markets over the last two days. U.S. stock futures slid, while investors rotated into perceived safe-haven assets, driving gold and silver prices to fresh record highs. Bitcoin, often framed as an alternative hedge against political and monetary uncertainty, is reacting to this tension.

Bitcoin price analysis Tuesday’s rally follows a period of technical indecision earlier in the week, when bitcoin repeatedly tested resistance near $94,000 but failed to hold above it.

Market structure over the past several weeks had been defined by choppy price action between roughly $84,000 and $94,000, with analysts warning that bulls needed a clean breakout above resistance to regain control.

That breakout now appears to be materializing. A sustained move above a bitcoin price of $94,000 could open the door to higher resistance zones between $98,000 and $103,500, levels that previously capped upside attempts.

Failure to hold above this threshold, however, could see bitcoin slip back into its prior trading range.

The price surge comes amid continued macro uncertainty, with investors closely monitoring inflation trends, interest-rate expectations, and broader political developments tied to monetary policy. 

In recent months, bitcoin has increasingly traded in tandem with macro narratives, with some market participants viewing the asset as a hedge against policy instability and long-term currency debasement.

While near-term volatility remains likely, bitcoin’s ability to reclaim and hold the $94,000 level marks a notable shift in market sentiment. Traders and analysts alike are now watching whether bulls can build follow-through and convert former resistance into support in the days ahead.

At the time of writing, the bitcoin price is $94,323.

Micah Zimmerman

Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a news reporter for Bitcoin Magazine, based in North Carolina.

Despite dropping 80 trillion in exchange reserves, Shiba Inu’s price is still lagging: what’s going on here?

Market Sentiment:

Bullish Bearish Neutral

Published: January 13, 2026 │ 8:07 PM GMT

Created by Kornelija Poderskytė from DailyCoin

Shiba Inu’s (SHIB) roller-coaster ride coming into 2026 is now met with a phase of calm before the next major move, and the largest players are behind it. Recent market data hints at big-time crypto investors completely controlling the supply – for instance, crypto whale concentration has pumped 428% to 1.36 billion Shiba Inu coins.

Shiba Inu’s Price In Calm Phase As Whales RuleNansen blockchain explorer’s data also suggests that the TOP 100 largest Shiba Inu holders control 831.8 trillion out of 999.9 trillion, in theory. In practice, the Shiba Inu coin circulation has been gradually reduced throughout the years, now consisting of 585.39 trillion, according to Shibburn’s data.

Sponsored

Other price & data-tracking sources like CoinMarketCap report a slightly higher number of 589.24 trillion, but that’s not what caught the attention of seasoned market researchers. Shiba Inu’s cumulative supply on exchanges has dramatically slumped from 370.3 trillion in December, 2025 to 290.4 trillion now.

🚨Big Players Control Supply: $SHIB Exchange Liquidity Nearly Locked

📊 $SHIB Supply Breakdown
🔸Circulating Supply: 589.24T $SHIB (Coinmarketcap)
🔸Supply on Exchange: 290.4T $SHIB
⇒ Net Circulating Supply (excluding exchanges): 289T SHIB

Discover more below 👇 pic.twitter.com/kTtAnDjOmI

— TKResearch Trading (@TKR_Trading) January 12, 2026 With most SHIB custodians expecting a supply squeeze, price appreciation would follow in that case. However, the current trading volumes suggest Shiba Inu’s (SHIB) buying power is not there to make use of the induced scarcity. On Tuesday, Shiba Inu’s trading volumes hovered around $130 million.

Slow Volume Challenges Next SHIB Price TargetIn comparison, other meme coin peers like Dogecoin (DOGE) & Pepe Token (PEPE) nailed over $630 million, showcasing a lesser speculative asset in SHIB. With whale concentration growing along with long-term holder count, all eyes are on the $0.00001200 resistance level now.

SHIB Knight, a seasoned market analyst, portrays this level as a fundamental target as the broader crypto markets attempt to catch up with the high rises in stock indexes, particularly the Russell 2000. If Shiba Inu catches on this bullish wave, SHIB Knight projects a 37.98% upswing from the current price of Shiba Inu (SHIB).

Discover DailyCoin’s hottest crypto news today:
Senate Delays CLARITY Act, Dev Protections Get Standalone Push
Wall Street’s ‘Not Too High, Not Too Low’ Bitcoin Play Deciphered

People Also Ask:Who are the big players locking in SHIB?

Whales/institutions via fresh wallets—thread links full address list. These majors control ~28% of exchange supply and 28.4% net circulating, showing heavy accumulation off-exchanges.

What does this mean for SHIB price?

Locked supply reduces selling liquidity, creating scarcity—bullish for upsides on demand spikes (e.g., hype/news). But thin liquidity risks volatility/dumps; long-term HODL by whales could squeeze shorts and drive rallies.

Why the fresh wallet balance drop?

Dune chart shows balances crashing to near zero by Jan 2026—implies tokens moved to cold storage or long-term holds, exhausting easy exchange supply.

Is this bullish overall?

Mostly yes—supply exhaustion often precedes pumps (less sell pressure). SHIB ~$0.0000088 now; watch $0.0000095 resistance for breakout confirmation.

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

Market Sentiment

100% Bullish

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Published: Jan 13, 2026 at 20:45
Updated: Jan 13, 2026 at 20:54

Cardano (ADA) has lost its bullish momentum, falling below the 50-day SMA support.

ADA price long-term forecast: bearish The cryptocurrency is currently trading above the 21-day SMA support but below the 50-day SMA barrier. In other words, the price is trapped between the moving averages. ADA has dropped to a low of $0.386 as it bounces between the moving average lines. If the bears breach the 21-day SMA support, ADA could fall back to its previous low of $0.330.

In contrast, if buyers keep the price above the 50-day SMA barrier, ADA will rise and return to the earlier highs of $0.44 and $0.48. Meanwhile, the price has remained relatively stable within its narrow range.

Technical Indicators Key Resistance Zones: $1.20, $1.30, and $1.40

Key Support Zones: $0.90, $0.80, and $0.70

ADA price indicators analysis The price bars have fallen between the downward-sloping moving averages. The decline has been sluggish due to the formation of Doji candlesticks. On the 4-hour chart, the price bars are positioned below the horizontal moving average lines.

What is the next move for Cardano? Cardano is in a sideways trend after rebounding above the $0.38 support level on January 8. The cryptocurrency is currently trading in a narrow range, above the $0.38 support but below the $0.40 high.

Now, the altcoin is approaching the current support level of $0.38. If this support is maintained, the price range will remain unchanged. If the altcoin breaks below the current support level, it will fall to a low of $0.33.

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.

Pepe Price Prediction Technical Analysis

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Harvey Hunter

Content Writer

Harvey Hunter

Part of the Team Since

Apr 2024

About Author

Harvey Hunter is a Content Writer at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

Has Also Written

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Last updated: 

4 minutes ago

Pepe’s recent pullback may not signal the end of its run. It could be a classic shakeout before another major push higher.

The meme coin soared nearly 80% in the first four days of January, quickly becoming the top choice during the market’s first wave of fresh liquidity.

This surge wasn’t just retail hype. Data from Santiment shows a 630% spike in large transactions, with Pepe ranking second among large-cap assets for whale activity.

With social momentum still strong and big players entering the mix, bullish Pepe price predictions are starting to look more realistic by the day.

Smart money tends to position strategically rather than chase momentum. With their participation establishing a stronger base, the 20% pullback since Pepe’s peak may reflect weak hands being flushed out rather than a breakdown in trend.

Once the cooldown ends, Pepe could be in for another surge.

Pepe Price Prediction: Last Chance to Buy the Dip?While market behaviour supports a continuation, how it may unfold remains rocky. Failure to flip a November supply zone around $0.0000067 into support has opened the doors to a deeper slide.

PEPE USD 1-day chart, year-long falling wedge. Source: TradingView.Still, Pepe may be setting up for an early bailout, with long-standing multi-year support near $0.0000057 now in focus as a potential higher low.

Momentum indicators reflect it. The RSI has found footing with a cool-off to 55, a more neutral but still bullish zone after recently pushing into overbought territory.

The MACD, however, has just printed a death cross below the signal line, keeping the risk of a deeper correction alive and putting lower support around $0.000005 back on the table.

If PEPE manages to stabilize and push higher, the move could represent a final opportunity to position ahead of a potential year-long falling wedge breakout. The key threshold sits near $0.0000078.

A clean flip of that level into support would open the door to a 400% move to $0.00003, though this likely hinges on sustained bullish sentiment across the broader meme coin and risk-asset market.

Maxi Doge: Buy the Dip on Pepe, or Buy EarlyWhile Pepe is having its moment right now, when meme coins are in the spotlight, momentum almost always circles back to one thing: Doge.

History makes the pattern clear: Shiba Inu carried the torch from Dogecoin in 2021, then Floki, Bonk, Dogwifhat, and most recently, Neiro in 2024. Every bull run eventually delivers its own Doge-themed runner.

This time around, speculators are eyeing Maxi Doge ($MAXI) as the next frontrunner.

The hype is already showing in the numbers. The $MAXI presale has raised almost $4.5 million, while early backers are earning up to 70% APY through staking rewards.

For those who missed the Doge wave before, Maxi Doge could be the next chance to catch a meme coin breakout before it takes off.

Visit the Official Maxi Doge Website Here

In brief Monero hit a fresh all-time high above $667, surging 54% in the past week as traders rotate into the privacy sector. Dash exploded nearly 39% in a single day—its largest four-hour candle since October 12, 2025—driven by short squeezes and thin liquidity. The EU's DAC8 crypto tax reporting rules, which kicked in January 1, have revived the "privacy as a feature" narrative just as Zcash's governance crisis sent capital fleeing toward competitors. Privacy coins haven't moved like this in years. Monero is up 54% on the week, Dash just posted a 39% single-day gain, and the entire privacy sector is suddenly outperforming every other niche in crypto.

The question now is: Can it last?

The catalyst appears simple on the surface: In late September of last year, traders’ attentions suddenly turned to the privacy coin Zcash, with trades as ZEC. Privacy coins, unlike standard cryptocurrencies like Bitcoin and Ethereum, make it difficult if not impossible to trace individual transactions and the source of funds for accounts.

In October, the entrepreneur and AngelList founder Naval Ravikant tweeted: “Bitcoin is insurance against fiat [currency]. Zcash is insurance against Bitcoin,” suggesting investors should rethink the transparency that digital assets like Bitcoin afford. And the newfound attention on privacy coins only swelled from there, with ZEC nearly breaking an eight-year all-time high price in early November.

More recently, Monero, another privacy alternative, broke into new all-time-high territory just yesterday, eclipsing $667 per coin. Traders who missed the first leg started chasing "the next privacy meta."

But dig deeper and you'll find a confluence of factors that go well beyond technicals. The EU's DAC8 directive, which began requiring crypto service providers to collect user tax data on January 1, 2026, has reignited the narrative that privacy is a feature not a bug.

Dubai added fuel to the fire. The Dubai Financial Services Authority brought into force its updated regulatory framework for crypto tokens in the Dubai International Financial Centre, explicitly banning privacy tokens across trading, promotion, fund activity, and derivatives. The framework also prohibits regulated firms from using mixers, tumblers, and other obfuscation services.

This regulatory crackdown arrives precisely as privacy coins catch a bid. In markets, that kind of tension often amplifies volatility rather than suppressing it. Sometimes it amplifies pessimism, but this time it seems to have helped amplify bullishness—traders read the ban as confirmation that privacy matters enough to regulate.

There’s also the Zcash Factor. After a historic run to end the year, the coin entered 2026 in crisis after the entire development team behind the token, the Electric Coin Company, resigned on January 7, citing "constructive discharge" by the board. CEO Josh Swihart accused board members Zaki Manian, Christina Garman, Alan Fairless, and Michelle Lai of moving into "clear misalignment with the mission of Zcash."

The team is forming a new company and launching a wallet called cashZ, but the damage is done: ZEC is now heavily bearish on the charts and remains down approximately 50% from its recent high two months ago.

Zcash (ZEC) price data. Image: TradingviewWhy does this matter for Dash and Monero? Because capital rotates. Privacy-focused traders who held ZEC as their sector bet are likely moving funds to alternatives. Monero, with its decentralized structure and no central development organization that can implode, is the obvious beneficiary. Dash, trading at much lower absolute prices with similar privacy features, becomes the high-beta play for those who missed XMR's first leg.

Prediction market sentiment on Zcash, though, remains bullish. On Myriad, a prediction market developed by Decrypt’s parent company Dastan, traders expect a ZEC bounce after the token cratered, placing odds at nearly 53% that Zcash reclaims $550 before dipping to $250.

If sentiment analysis is your thing, this could translate into an interesting buying zone. If technical analysis is your thing, this means you should wait a bit more before placing a bullish position that doesn’t feel like a bet.

Bitcoin is also cooperating. BTC is holding firm above $92,000, and the broader market has shifted into risk-on mode. Privacy coins rarely pump in isolation for long, but when Bitcoin is stable and altcoins are heating up, the conditions favor rotational plays into higher-beta sectors.

Dash: The short squeeze specialDash is up nearly 39% today, trading at $54.77 after opening near $39.44. The intraday high touched $69.92 before sellers stepped in. This is the largest four-hour move the coin has seen since October 2025, and the mechanics tell the story: shorts got trapped on the breakout, forced buy orders hit thin order books, and the price of Dash gapped higher, triggering more stops in a cascading squeeze.

Dash price data. Image: TradingviewThe Relative Strength Index, or RSI, for Dash sits at 68.2, placing the token in bullish territory but not yet overbought even after the massive jump. RSI measures momentum in markets on a scale from 0 to 100, with scores below 30 suggesting oversold conditions and above 70 signalling overbought.

Traders typically view RSI above 70 as a signal that profit-taking may begin. This is probably one key component of the price correction after the daily high: too close to the overbought zone, heavy volume involved and prices touching a natural resistance.

The Average Directional Index, or ADX, measures trend strength regardless of direction. And for Dash, it reads just 14.2. ADX below 25 typically signals a market lacking conviction; this heavy spike took a lot of the bearish force out, so it makes sense for the ADX to correct before a new trend sets its course.

The exponential moving averages, or EMAs, paint a cautious picture. EMAs help traders identify trends by taking the average price of an asset over the short, medium, and long term. For Dash, the short-term 50-day EMA remains below the longer-term 200-day, which for traders is a bearish configuration that suggests the longer-term structure hasn't flipped yet despite today's explosion.

The price of Dash has surged into the visible range resistance zone between $55 and $60, which coincides with prior consolidation from November 2025. This creates a pretty strong barrier that bulls must decisively conquer to confirm the breakout.

What's driving the fundamentals? Beyond the sector rotation from Zcash, Dash recently partnered with Alchemy Pay, opening fiat access in 173 countries through 300 payment channels. The Evolution platform rollout planned for Q1 2026 is also drawing speculative interest. Likely not a huge deal in the grand scheme, but still important enough to influence a coin with a smaller market capitalization like Dash.

We're thrilled to be supported by Alchemy Pay!

Thanks for the partnership, this will help us get Dash in the hands of even more people around the world🤝 https://t.co/Ke9MkOady7

— Dash (@Dashpay) January 13, 2026

But make no mistake: Today's move is primarily a derivatives-driven squeeze on top of a narrative catalyst. If spot demand doesn't materialize to absorb the move, reversals can be equally violent.

Privacy coins have spent years accumulating structural friction: fewer venues, more compliance pressure, and uneven liquidity. When a real bid arrives, prices can travel faster because the market is less deep than it looks on a chart. Uneven liquidity and reduced exchange access are part of why these moves can be violent.

Key Zones:

Resistance: $60 (immediate/psychological), $80 (November 2025 highs) Support: $40 (breakout level), $37 (200-day EMA zone) Monero (XMR): Price discovery modeMonero is the engine driving this entire rally at the moment. XMR opened at $631.41, touched an intraday high of $695.98, and currently trades at $667.78—up 5.65% on the day and 54% on the week. The coin has broken into genuine price discovery territory, eclipsing its previous all-time high from May 2021 and erasing years of resistance in a matter of days.

Monero (XMR) price data. Image: TradingviewThe technicals here are unambiguous: The charts scream bullish. And, at least right now, Monero, which trades as XRM, has not registered a trend correction like Zcash or Dash. The 50-day EMA trades firmly above the 200-day in a bullish configuration, confirming the trend structure.

Also, unlike Dash, Monero's ADX sits at 28.5, comfortably above the 25 threshold that confirms a trending market. This is a confirmed breakout with momentum behind it.

The RSI tells a different story, though. At 85.4, Monero is deep in overbought territory—the kind of reading that typically precedes at least a short-term pullback or consolidation. RSI above 80 doesn't mean price must reverse immediately, but it does mean the easy gains have likely been made. Traders who chase here are buying into an extended condition.

The Squeeze Momentum Indicator is off with momentum at 1.76 and rising, a reading that dwarfs Dash's 0.07. This reflects genuine directional conviction in the XMR move versus the squeeze-driven mechanics dominating Dash. Monero's rally has more structural support underneath it.

Veteran trader Peter Brandt compared Monero's chart structure to silver's decades-long consolidation before its historic breakout, suggesting XMR could be entering a similar phase of delayed but explosive upside.

The $600 psychological level has now flipped from resistance to support. As long as XMR holds above this zone on pullbacks, the bullish structure remains intact. The next targets in price discovery are $700 (psychological) and potentially $800-$880 if momentum sustains.

Key Zones

Resistance: $700 (psychological), $800-$880 (extended target) Support: $600 (psychological/flipped resistance), $554 (liquidation cluster) Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

Key Takeaways Phillips 66's refining segment posted strong gains in 2025, supported by robust refining margins.PSX's refineries can run heavy sour crude like WCS, expected to get cheaper in the coming quarters.More Canadian supply and possible Venezuelan crude may pressure heavy prices, supporting Phillips 66. Phillips 66 (PSX - Free Report) is a diversified energy company with operations spanning multiple sectors, including refining, midstream, chemicals, renewable fuels and marketing. PSX’s refining segment has reported significant gains on the back of strong refining margins in 2025. The company’s refining business is expected to gain further in the fourth quarter as well, driven by widening light-heavy crude spreads.

Phillips 66 owns an extensive and highly complex refinery network that can process a variety of feedstocks, including heavy sour crude with a high sulfur content. The company is a significant user of Western Canadian Select (WCS), a heavy sour crude that is expected to become cheaper in the upcoming quarters. PSX has stated that additional WCS production coming online, along with winter diluent blending, is expected to boost Canadian production in the fourth quarter and the first quarter of 2026. With more crude entering the market, heavy crude prices are expected to fall, benefiting the refining wing of the company.

Additionally, with the Trump administration potentially reopening the door to Venezuela’s significant oil and gas reserves for U.S. refiners, Venezuelan heavy sour crude may also hit the market, further pressuring heavy crude prices. Hence, the current refining scenario is likely to enhance the company’s earnings by supporting strong refining margins.

VLO & PARR Are Two Other Leading RefinersValero Energy Corporation (VLO - Free Report) and Par Pacific Holdings(PARR - Free Report) are two other refining players with a diversified refinery footprint.

Valero Energy boasts an extensive refinery network with 15 refineries and a combined throughput capacity of 3.2 million barrels per day. VLO’s diversified refinery base enables it to tap into different markets and cater to a diverse range of customer needs.

Par Pacific Holdings is a Houston-based refining player with a combined refining capacity of 219,000 barrels per day, and operations spread across Hawaii and the Pacific Northwest. The company also operates 119 retail locations, along with a logistics business segment.

PSX’s Price Performance, Valuation & EstimatesShares of Phillips 66 have gained 19.7% over the past year compared with the 12.7% rally of the composite stocks belonging to the industry.

Image Source: Zacks Investment Research

From a valuation standpoint, PSX trades at a trailing 12-month enterprise-value-to-EBITDA (EV/EBITDA) of 14.32X. This is above the broader industry average of 4.47X.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for PSX’s 2025 earnings has seen downward revisions over the past seven days.

Image Source: Zacks Investment Research

 PSX, VLO and PARR currently carry a Zacks Rank #3 (Hold) each. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

Thermo Fisher Scientific Inc. (TMO) 44th Annual J.P. Morgan Healthcare Conference January 13, 2026 11:15 AM EST

Company Participants

Marc Casper - Chairman, President & CEO

Conference Call Participants

Casey Woodring - JPMorgan Chase & Co, Research Division

Presentation

Casey Woodring
JPMorgan Chase & Co, Research Division

All right. Great. Welcome to the JPMorgan Healthcare Conference, Everybody. My name is Casey Woodring from the Life Science Tools & Diagnostics team. Pleased to be joined by Thermo Fisher's CEO, Marc Casper. Marc is going to run through the corporate presentation, and then we'll leave room for Q&A afterwards. Marc, all yours.

Marc Casper
Chairman, President & CEO

Casey, thank you. Nice to see everybody here this morning in San Francisco. Great to be back at the JPMorgan Healthcare Conference. I'm Marc Casper, Thermo Fisher's CEO. And what I thought I would do is, first, reorient you very briefly to the company, talk about our progress in 2025 against the goals that we articulated here a year ago and then finish with an outline for our goals for 2026. We'll cover our financials and performance from that perspective at the end of the month when we report our results and give our guidance for the upcoming year.

So as a reminder of the Safe Harbor statement and the use of non-GAAP measures, you can find the reconciliations on our website in the Investor Relations section. So the key takeaways from my remarks this morning really break down into the -- looking backwards and then looking forward. So when I think about 2025, it was a year of excellent performance. Operationally, the company really stepped up and navigated the environment incredibly effectively. You saw the consistent and active management throughout the year. At the same time, we significantly advanced our growth strategy. And that has allowed us to create value and strengthen our short- and

GSK plc (GSK) 44th Annual J.P. Morgan Healthcare Conference January 13, 2026 10:30 AM EST

Company Participants

Tony Wood - Chief Scientific Officer and Head of R&D

Conference Call Participants

Zain Ebrahim - JPMorgan Chase & Co, Research Division

Presentation

Zain Ebrahim
JPMorgan Chase & Co, Research Division

Good morning, everyone. Welcome to day 2 of the 2026 JPMorgan Healthcare Conference, where it's my pleasure to host the GSK fireside session with Tony Wood, the Head of R&D. I'm Zain Ebrahim, European pharma analyst, and we'll move straight into questions. Tony, if that's okay.

Tony Wood
Chief Scientific Officer and Head of R&D

Yes, you bet. Let me just say good morning to everyone as well, and thanks for getting out of bed so early. I'm sure not all of you have the advantage of jet lag that I do, so I appreciate it.

Question-and-Answer Session

Zain Ebrahim
JPMorgan Chase & Co, Research Division

So Tony, you've been Head of R&D at GSK for 3.5 years now. How would you reflect on your time as Head of R&D over the last 3.5 years? What are the achievements that you're most pleased with? What are you looking forward to in the future?

Tony Wood
Chief Scientific Officer and Head of R&D

Yes. And look, wow, time passes quickly. When I started, I said my first priority would be pipeline execution, and I couldn't be happier with the momentum that we've developed in the pipeline. We got 13 positive Phase III readouts in 2024. That naturally led to 2025, which was a real banner year for us with 5 out of 5 of the approvals we were looking for.

And as we look forward, 15 scale launches with a potential of greater than 2 billion peak year sales, which really underpin the growth objectives

Teva Pharmaceutical Industries Limited (TEVA) 44th Annual J.P. Morgan Healthcare Conference January 13, 2026 11:15 AM EST

Company Participants

Richard Francis - President, CEO & Director
Eric Hughes - Executive VP of Global R&D and Chief Medical Officer

Conference Call Participants

Christopher Schott - JPMorgan Chase & Co, Research Division

Presentation

Christopher Schott
JPMorgan Chase & Co, Research Division

Good morning, everybody. I'm Chris Schott from JPMorgan, and it's my pleasure to be introducing Teva today. From the company, we have CEO, Richard Francis. Richard has been at Teva for roughly 3 years in the company and the stock have had obviously a great run here. So looking forward to updates from Richard on progress of the business, and we'll jump into some Q&A after that. So with that, over to Richard.

Richard Francis
President, CEO & Director

Thanks, Chris. Thanks for having us. Thank you, everybody, for coming. Absolute pleasure to be here today to talk about Teva Pharmaceuticals. Obviously, I represent everybody in the company. I just get the privilege to talk about it. And today, I'm particularly pleased to be able to talk you through where we are on our pivot to growth strategy, a strategy we launched 3 years ago. And that strategy was designed to get Teva back to growth, obviously, the clue is in the title there. But more fundamentally, it was to transform Teva from a leading global generics company to a leading biopharma company.

Now I remember when I said that in New York in 2023, there are a lot of people who are extremely skeptical. But we had a plan. We had a clear plan. We've executed on that plan year-on-year. And I think you'll see the fruits of that labor and the transition we have now to a what I believe is a world-leading biopharma

HomeETFs and Funds AnalysisETF Analysis

SummaryI assign State Street SPDR S&P Transportation ETF a 'sell' rating, favoring the cap-weighted iShares Transportation Average ETF instead.XTN’s equal-weighting scheme results in a lower-quality, higher-risk portfolio with inferior operational efficiency and heightened sensitivity to earnings changes.XTN trades at higher P/E multiples than IYT, with weaker historical and forward growth — forward EPS growth is just 3.08% versus IYT’s 13.91%.Despite recent short-term momentum, XTN’s low margins, weak fundamentals, and unattractive growth/value mix make its risk/reward profile unfavorable. Alistair Berg/DigitalVision via Getty Images

Investment Thesis Investors should avoid the State Street SPDR S&P Transportation ETF (XTN) in 2026 and instead opt for the cap-weighted version of its Index, represented by the iShares Transportation Average ETF (IYT). As I'll explain, XTN's equal-weighting

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.

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