Market Signal Briefing

, /PRNewswire/ --

Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Tandem Diabetes Care, Inc. (NASDAQ: TNDM) resulting from allegations that Tandem Diabetes Care may have issued materially misleading business information to the investing public.

So What: If you purchased Tandem Diabetes securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=19024 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

What is this about: On August 7, 2025, before the market opened, the company issued a press release entitled "Tandem Diabetes Care Issues Voluntary Medical Device Correction for Select t:slim X2 Insulin Pumps." The release stated that Tandem Diabetes had "announced a voluntary medical device correction for select t:slim X2 insulin pumps to address a potential speaker-related issue that can trigger an error resulting in a discontinuation of insulin delivery."

On this news, Tandem Diabetes' stock fell 19.9% on August 7, 2025.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

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

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

SOURCE THE ROSEN LAW FIRM, P. A.

NEW YORK, Jan. 31, 2026 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Varonis Systems, Inc. (NASDAQ: VRNS) common stock between February 4, 2025 and October 28, 2025, both dates inclusive (the “Class Period”), of the important March 9, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Varonis common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Varonis class action, go to https://rosenlegal.com/submit-form/?case_id=50337 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 9, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made materially false and/or misleading statements and or failed to disclose that: (1) Varonis would not be able to maintain ARR projections while converting both its federal and non-federal existing on-prem customers to the software-as-a-service (“SaaS”) alternative offering; (2) Varonis was not equipped to convince existing users of the benefits of converting to the SaaS offering or otherwise maintain these customers on its platform, resulting in significantly reduced ARR growth potential in the near-term; and (3) as a result of the foregoing, defendants’ positive statements about Varonis’ business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Varonis class action, go to https://rosenlegal.com/submit-form/?case_id=50337 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

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

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

Investors would be wise to stick to the leading digital asset on the market.

When it comes to building wealth, the stock market has a solid long-term track record at compounding capital. But in more recent times, investors have been excited about cryptocurrencies. And it makes sense why.

There's one glorious cryptocurrency that has skyrocketed nearly 23,000% in the past 10 years (as of Jan. 23). That gain surely isn't going to repeat in the future. But the digital asset is currently trading 28% below its all-time record from October last year, putting it in a bear market.

Should you buy the dip? I believe the answer is a resounding, "Yes!"

Image source: Getty Images.

This crypto has dominated the industry since day one If you're someone new to the wild world of cryptocurrencies, or even a seasoned veteran looking to put some money to work, the smart move is to look at the leading name in the industry. And that's Bitcoin (BTC 7.10%), especially since it's trading well off its peak.

Its first-mover advantage gives it the strongest brand recognition. I bet if you ask 100 random people to name one cryptocurrency, Bitcoin would be mentioned the most.

Bitcoin's $1.8 trillion market cap gives it deep liquidity. It's slowly being adopted by users, whether as an investment asset or as a medium of exchange in certain situations. And there is an expanding financial infrastructure that supports it, such as brokerage, exchange-traded funds, derivatives, custody, and payments.

Add in miners, nodes, and developers, and there is a powerful network effect at play. The more stakeholders there are, the better the value proposition of Bitcoin becomes, and the more difficult it is for any competitor to topple it.

Bitcoin's market cap represents 59% of the entire industry today. Ark Invest, an asset manager founded by famed investor Cathie Wood, believes Bitcoin's share will increase to 70% by 2030. Despite the ocean of cryptocurrencies that have sprung up over the years, Bitcoin will continue to dominate the market. Investors should keep things simple and focus on the top dog.

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Bitcoin's scarcity is the most important factor Scarcity is the most crucial factor to consider, as it makes Bitcoin an attractive portfolio addition amid the never-ending debasement of fiat currencies. Bitcoin has a hard supply cap of 21 million units that all its stakeholders have an interest in enforcing, so that limit is unlikely to change unless they want to undermine the network.

Investors would be wise to consider buying Bitcoin on the dip. To be clear, though, this isn't an asset to hold for a short period. Bitcoin is meant to be parked in a portfolio for 10 years or longer. There will be volatility, but that has decreased as the crypto has matured.

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NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with substantial losses that they have until March 31, 2026 to file lead plaintiff applications in a securities class action lawsuit against Ramaco Resources, Inc. (“Ramaco” or the “Company”) (NasdaqGS: METC), if they purchased or otherwise acquired the Company’s securities between July 31, 2025 and October 23, 2025, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.

What You May Do

If you purchased securities of Ramaco and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-metc/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by March 31, 2026.

About the Lawsuit

Ramaco and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On October 23, 2025, Wolfpack Research published a report alleging that the Company’s Brook Mine in northern Wyoming had not been actively mined following its July groundbreaking. The report stated that the mine was constructed primarily for demonstration purposes and asserted that drone footage taken approximately three months after the opening showed no apparent mining activity. The report further indicated that, based on multiple site visits conducted during working hours over several weeks, Wolfpack researchers did not observe the equipment referenced in prior news reports or other signs of active operations.

On this news, the price of Ramaco’s shares fell $3.81, or 9.6%, to close at $36.01 per share on October 23, 2025, on unusually heavy trading volume.

The case is Henning v. Ramaco Resources, Inc., et al., Case No. 1:26-cv-00846.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

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Sat, 31/01/2026 - 17:29

Bitcoin ETFs continue to note poor performance as investors appear to be taking caution. Hence, its steady daily outflows have extended to day four.

Cover image via U.Today Institutions have continued to withdraw their interest as the ongoing crypto market downturn continues to push leading cryptocurrencies, especially Bitcoin, deeper into the red territory.

Amid the prolonged market volatility, Bitcoin ETFs have now recorded steady outflows for four days straight, according to data provided by SoSoValue.

Bitcoin funds see $509.70 million wipeoutAmid the steady outflows seen, the U.S. spot Bitcoin ETFs have recorded a total net outflow of $509.70 million as of Jan. 30. This marks the fourth straight day of capital withdrawals seen across the Bitcoin funds.

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The outflows seen during their last trading session have coincided with the broad market sell-off pressure that has pushed Bitcoin to trading around $83,910 at the time.

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Nonetheless, it is important to note that the cumulative net inflows across all Bitcoin ETFs remain substantial at $55.01 billion. This suggests that long-term institutional participation has not completely exited the market.

While this has greatly affected the short-term sentiment within the sector, the steady withdrawals seen in recent days have caused the total net assets across the U.S. Bitcoin spot ETFs to fall by a notable 6.38% to $106.96 billion.

$509 million ETF withdrawal driven by BlackRock alone Nonetheless, it is important to note that BlackRock’s IBIT has single-handedly driven the massive capital withdrawals seen on that day as it recorded about 6,310 BTC worth $528.30 million in outflows.

While this shows that the fund was the only contributor to the day’s negative flow, other Bitcoin funds noted little to no net inflows on the same day.

While Fidelity's FBTC added about $7.30 million in inflows on that day and ARK & 21Shares’ ARKB also attracted $8.34 million, the capital injected by these funds was too weak to offset the massive withdrawals pulled by BlackRock.

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For one of the crypto majors, this coin has taken quite a beating.

XRP (XRP 10.70%) is doubtlessly in a brutal rough stretch, with its price down by 30% in the last three months alone. Of course, it isn't alone, with much of the rest of the crypto sector hurting quite badly as well.

So, is this a sign that the big crypto experiment is over for everyone, including Ripple (XRP's issuer)? Or is this just a case of a strong coin getting dragged down by poor sentiment that it didn't contribute anything material to in the first place?

Image source: Getty Images.

Don't overdiagnose this drawdown Let's get some clarity on a few key points before continuing.

First, there hasn't been any big negative news reported about XRP over the last few months that would invalidate its investment thesis. Nor has the coin been doing that well over a slightly longer period. It's down by 41% in the last six months and was trending slightly downward even before the Oct. 10 crypto flash crash, which it still hasn't recovered from.

That crash, which wasn't caused by factors related to XRP or its fundamentals in any way, generally left the entire crypto sector in a state of shock, dysfunction and thin liquidity, which persists for the most part to this day.

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Beyond that, there has actually been an influx of capital to XRP's chain in the form of stablecoins. In late October 2025, there was around $208 million in stablecoin value parked on the XRP Ledger (XRPL), and as of Jan. 26, there was $407 million. So, one of the asset classes that's a critical ingredient in the economic health and strength of the chain is expanding, despite the native token's price declining.

What would actually justify worry In the same vein as the growth of stablecoins on the network being a bullish sign, the bear thesis for XRP is that its long-term upside depends on real usage by payment companies and financial institutions. If regulators in key hubs shut doors or Ripple stops winning licenses to operate in new jurisdictions, it'd be a sharp fundamental hit.

But so far, that axis looks more like an expansion than a retreat. Ripple said that in early 2026, it received a Dubai Financial Services Authority (DFSA) approval to provide regulated crypto payments in the Dubai International Financial Centre (DIFC) with its stablecoin, marking an important new jurisdiction in its roster. And in December 2025, Ripple said that one of the financial regulators in Singapore had approved an expanded scope for its payment activities under its existing license approved in 2023. So, there's nothing bearish going on here.

Furthermore, the XRPL continues to add features that target institutional investors and financial institutions, including an automated market maker (AMM). Put together, there's no reason to panic here despite XRP's unfavorable price action recently.

As long as the chain's technology keeps improving its features, onboarding more stablecoin capital, and continuing to get more permissions to operate in important financial centers, its fundamental value will continue to rise over time. With luck, its price will match those fundamental value gains soon enough.

Bitcoin Price Drops Below $80,000 as New Buyers Rush to AccumulateBitcoin fell less than gold, signaling stronger relative demand during market stress.Network added 335,000 new addresses as investors bought the BTC dip.BTC fell below $80,000 and the downside pressure could extend to $75,000. Bitcoin price has dropped below $80,000 for the first time since April 2025. Yet, its performance has still outpaced gold. While BTC dropped alongside broader risk assets, the losses were notably smaller than those seen in precious metals. 

This relative strength drew attention from new market participants. Many investors viewed the pullback as an opportunity to accumulate Bitcoin at discounted levels.

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Bitcoin price faces technical risk. Doji candles, a lost 20-day EMA, and a rising wedge signal buyers are defending, not pushing higher.

If support breaks, Bitcoin could fall toward $77K as miner selling rises and long-term buying slows. pic.twitter.com/Do8i8PHLpc

— BeInCrypto (@beincrypto) January 24, 2026 Bitcoin Drops below $80K, But Beats GoldGold faced a sharp sell-off as the week came to a close. Between Thursday and Friday, the precious metal plunged nearly 10%. During the same period, Bitcoin declined by about 5.6%. This contrast highlights shifting investor preferences during market stress.

Although gold is traditionally seen as an inflation hedge, Bitcoin has shown greater resilience in the short term. The smaller drawdown suggests stronger demand support for BTC.

Investor behavior reflects this shift, as capital appears to favor Bitcoin over gold during recent volatility.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Bitcoin vs Gold Performance. Source: SantimentOn-chain data reinforces this trend. Bitcoin’s network recorded a surge in new addresses over the past 24 hours. Approximately 335,772 new addresses were created, marking a two-month high. This was the largest daily increase since November 2025.

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The spike occurred as the Bitcoin price dipped toward $81,000. New participants likely viewed the decline as a favorable entry point.

Fresh address growth often signals expanding adoption and renewed interest. These inflows can strengthen demand and support price stability during corrections.

Bitcoin New Addresses. Source: GlassnodeBTC Price Dip Could ExtendBitcoin is trading near $78,000 at the time of writing. Recently, BTC broke down from a broadening ascending wedge. This bearish pattern projected a 12.6% decline, targeting the $75,850 region.

The sell-off intensified after Bitcoin lost the $82,503 support level. That breakdown confirmed short-term bearish momentum. However, reclaiming this level could shift sentiment. Improving on-chain metrics and rising address growth increase the chances of stabilization.

Bitcoin Price Analysis. Source: TradingViewA stronger recovery would require Bitcoin to reclaim $87,210 as support. Achieving this would signal renewed buyer confidence and help BTC recover recent losses. If the downtrend persists, downside risk remains.

Failure to hold current levels could send Bitcoin toward $78,763. Losing that support could open the door to $75,895, invalidating the bullish outlook.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Shiba Inu developer Kaal Dhairya has addressed growing criticism of the project's leadership through a detailed post on X. The developer drew comparisons between visionaries in the crypto space and historical artists who faced rejection during their lifetimes.

Dhairya's post, titled "Misunderstood visionary," referenced figures including Vincent van Gogh, Shiba Inu lead Shytoshi Kusama, and Elon Musk. The developer argued that many creators face mockery and indifference before their work gains recognition.

The statement comes as Kusama faces increased scrutiny from community members and critics. Dhairya suggested this treatment reflects a pattern seen throughout history when visionaries challenge conventional thinking.

Vision Over Short-Term Price ActionThe developer challenged critics directly, asking if they remembered when SHIB was dismissed as a joke in 2020. He emphasized that vision and consistent building created the project's current position in the market.

Dhairya noted the volatile nature of cryptocurrency markets affects how leaders are perceived. When SHIB reached its all-time high in October 2021 after gains of millions of percent, Kusama received widespread praise. Community members called him a genius and savior of retail investors.

Market downturns brought a different response. Kusama has faced accusations of running scams, received personal attacks, and dealt with persistent FUD campaigns. Dhairya highlighted this shift as predictable in an industry where success often gets measured solely by price movement.

The developer explained that building an ecosystem requires more than speculation. The work involves high stakes, public scrutiny, and real financial consequences for participants. He stressed that the Shiba Inu team has largely ignored attacks and negative campaigns until now.

Warning to Critics and FUD SpreadersDhairya issued a clear warning to those spreading fear, uncertainty, and doubt about the project. While the SHIB Army has maintained a policy of ignoring attacks, the developer indicated the community can respond forcefully when necessary.

"Don't test us," Dhairya wrote, signaling a potential shift in how the team and community handle criticism going forward.

The developer's post serves as both a defense of Kusama's leadership and a broader commentary on how innovation gets judged. He pointed to historical precedent showing that mocking visionaries often leads to regret.

The message resonated with community members who have supported the project through multiple market cycles. Many SHIB holders view the current criticism as temporary noise that fails to account for long-term development efforts.

The Shiba Inu community is preparing for what Kusama described as an "ultra important" event scheduled for Sunday. The lead ambassador indicated he will share his thoughts during a lengthy session lasting approximately two hours.

Kusama emphasized the significance of the upcoming communication. He stated the information would be extremely important to many community members. The announcement has generated anticipation among SHIB holders and observers.

The timing of Dhairya's post appears strategic, coming just before Kusama's planned address. The developer's defense of the leadership team sets the stage for whatever revelations or plans will be shared.

Earlier this week, a sweeping US winter storm pushed Bitcoin miners to curtail, pulling a noticeable chunk of computing power off the network in a short window.

Data shows a 40% dip in hashrate between Jan. 23 and Jan. 25, with around 455 EH/s going offline, and block production slowing to around 12 minutes for a stretch.

Graph showing Bitcoin's hashrate from Jan. 20 to Jan. 30, 2026 (Source: CoinWarz)The fact that the sharpest drop came from Foundry USA, the largest mining pool with the largest presence in the US, tells you that the drop was caused by curtailments.

Graph showing the 30-day distribution of Bitcoin's hashrate by mining pools on Jan. 30, 2026 (Source: Hashrate Index)Why can so many miners now shut off quickly? Why would they ever choose to do it, and what do those choices mean for Bitcoin’s security budget, transaction flow, and the politics of plugging a large industrial load into a grid that can get stressed in extreme cold?

Curtailment 101: miners as flexible load, not fragile infrastructureWhile curtailment is simple in definition, it's kind of messy in practice. At the simplest level, it's miners reducing electricity consumption, either partially or fully, because power is scarce, expensive, or contractually more valuable to sell back to the grid than to burn through ASICs.

In the US, and especially in Texas, that choice has matured into a full-blown business model. ERCOT has explicitly created mechanisms meant for “large flexible customers” that can reduce load during peak demand, and it named Bitcoin mining facilities as a core example.

The idea is straightforward: if a load can drop quickly, reliably, and repeatedly, a grid operator can treat it as a pressure-release valve during tight conditions.

In real mining fleets, curtailment tends to fall into three buckets.

The first is purely economic. Miners watch a simple spread: revenue per unit of hash versus the all-in cost of producing that hash. When real-time power prices spike, the cheapest decision can be to just stop hashing.

This is no charity, and it's certainly not some kind of corporate moral stance. It's just your basic unit economics measured minute by minute, especially for miners exposed to wholesale pricing.

The second is contracted. Some miners sign demand-response arrangements where the “off switch” is effectively part of the product they sell.

Texas has offered multiple ways for flexible load to participate in reliability programs, and the last few years have produced plenty of cases of miners profiting during stress events by curtailing or selling contracted power back into the market.

Company disclosures show miners can earn money for not consuming power when the grid is tight. In Riot’s August 2023 update, the company split the haul into two buckets: $24.2 million of “power Credits,” which it describes as power curtailment credits earned by selling contracted power back into ERCOT at market spot prices, plus $7.4 million of something called “demand response credits,” tied to participation in ERCOT demand response programs.

The smaller, routine versions of this show up in almost all of Riot’s monthly reporting. In its November 2025 update, Riot listed $1 million in estimated power curtailment credits and $1.3 million in estimated demand response credits, noting that those demand response credits came from participation in ERCOT and MISO programs and that the combined credits are netted against its all-in power cost.

Iris Energy’s investor update from August 2023 said its Texas site generated about $2.3 million in “power sales,” described as power credits primarily driven by voluntary curtailment under hedge contracts tied to ERCOT real-time prices.

In that setup, a mining site is closer to a hybrid of data center and power trader than the old mental model of a warehouse that just runs ASICs until they break.

The third is emergency or rule-driven. Texas now expects the biggest new loads to be curtailment-ready as a condition of interconnection in grid-emergency scenarios, explicitly naming crypto miners and data centers among the targets.

That matters because it turns curtailment from something nice to have into something that's now built into the operating plan.

What makes this week’s storm useful as a teaching moment is that the incentives line up.

Cold snaps lift heating demand, which tightens reserve margins and often triggers conservation alerts. The storm was seriously disruptive for the US energy system, with price spikes and operational strain reported across regions.

So, if you're a miner sitting on a flexible load arrangement, curtailment is often the cleanest, most rational response to a grid that is suddenly valuing a megawatt more than a terahash.

This is also why the pool-level picture can move fast. When US-heavy operators curtail, their pools register it almost immediately. The week’s curtailment effect was most easily seen through the visible drop in Foundry's hashrate and the knock-on slowdown in blocks.

While the network is global, the marginal hashrate swing can still be regional when enough capacity clusters behind a handful of operators and grid regimes.

Bitcoin’s difficulty timer: why slow blocks are usually a temporary taxA hashrate shock scares people because they map it directly to security. That's true, but in a very narrow sense, because fewer hashes per second means the brute-force cost of attacking the chain is lower than it would be at peak hashrate.

But the more important operational question is what Bitcoin does when hashes disappear quickly. The answer is that Bitcoin has a built-in recalibration mechanism with a built-in delay.

Bitcoin targets one block roughly every 10 minutes, but it doesn't adjust difficulty continuously. It adjusts difficulty every 2,016 blocks based on how long the last 2,016 blocks took to mine.

That structure creates the short-term “storm tax.” If a lot of miners shut off today, blocks will be slow today. However, the difficulty doesn't instantly drop to compensate; the network just produces blocks more slowly until enough of them pass for the next adjustment to reprice the work.

You could see that taking place in real time this week. CoinWarz’s difficulty dashboard showed the network running slower than the 10-minute target, with average block time above target during the window it tracked.

When block production stretched to roughly 12 minutes, it was the lived experience of that lag: fewer blocks per hour, slower confirmations on average, and a mempool that can thicken if transaction demand holds steady.

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But slow blocks aren't Bitcoin “breaking,” they're Bitcoin charging users and miners a time cost for abrupt changes in hash supply.

If the shock fades quickly and miners come back online as prices normalize and grid stress eases, the network may never need a difficulty adjustment. If the shock persists, the next adjustment will lower difficulty and pull block timing back toward the target.

The fee market can also behave in ways that confuse casual observers. A short spell of slow blocks can lift fee pressure if demand is steady, but it can also pass quietly if the mempool wasn't tight to begin with and demand is soft.

The bigger point here is that Bitcoin’s design assumes mining power is opportunistic and sometimes transient. Difficulty adjustment is the protocol’s way of accepting that reality without turning every local infrastructure event into a systemic failure.

Winter storms as repeat stress tests: Uri, Elliott, and what 2026 addsThis isn't the first time winter weather has affected Bitcoin. What changed is the scale of the US footprint and how integrated miners have become in grid programs.

Start with Winter Storm Uri in February 2021, the modern reference point for Texas grid trauma. Uri drove a historic demand surge while generation failed across fuel types, triggering widespread outages and a political reckoning.

Back then, large-scale bitcoin mining was far less intertwined with Texas reliability planning. The industry was smaller in-state, and the “miners as flexible load” concept was almost completely theoretical. That's significantly different than today’s setup, where curtailment is easier to coordinate and far more common.

Uri matters for this story because it sets the political backdrop. After a crisis like that, any large new electricity user gets measured against a simple question: Will you make the next emergency better or worse?

Now jump to Winter Storm Elliott in December 2022, the episode that more directly resembles this week’s hashrate pattern. Galaxy’s 2022 mining report described Elliott as a moment when miners curtailed as much as 100 EH of hashrate, framing it as roughly 40% of network hashrate at the time, done to help stabilize the grid.

Separate academic and policy discussions have also cited the same order of magnitude, reinforcing that Elliott was a major curtailment event rather than a blip in hashrate.

Elliott is the clean comparison because it showed two things at once. First, large miners can shut off at scale on short notice during extreme cold. Second, once miners build curtailment into their commercial relationships, those shutoffs become legible and, in some cases, expected.

What does 2026 add? It adds the reality that “flexible load” is no longer mostly about miners, but about a broader class of giant compute loads.

The US Energy Information Administration has described Texas as a center of fast electricity demand growth, explicitly calling out data centers and cryptocurrency mining as major contributors and pointing to ERCOT’s task-force style oversight around large loads.

That matters because the grid politics change when flexible load stops being a niche. Once AI data centers and other compute-heavy facilities compete for the same interconnection capacity and the same public patience, miners lose the ability to argue that they're a special case.

They become one category inside a broader debate about who gets power first during stress, and who pays for the grid upgrades needed to serve everyone.

Bloomberg’s reporting on the storm pointed in the same direction, discussing how large industrial loads, including crypto mines and data centers, reduced power use during the event and how ERCOT’s demand expectations moved as conditions evolved.

That sort of framing from the mainstream media is a reminder that the next decade of mining in the US will be narrated through grid governance as much as through Bitcoin price cycles.

So the hashrate drop this week is best read as a preview. As the US share of mining remains large and as compute loads keep scaling, weather events will keep producing these short-lived network slowdowns. The protocol can handle them. The political environment is less forgiving.

Bitcoin’s difficulty timer makes curtailment survivable for the chain, and flexible-load economics can make curtailment profitable for miners. The open question is whether regulators and residents accept the bargain: a large new load that promises to leave when asked, in exchange for the right to plug in the rest of the time.

Mentioned in this articlePosted in

By Reuters

January 31, 20266:02 PM UTCUpdated ago

Representation of Bitcoin cryptocurrency in this illustration taken September 10, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab

Jan 31 (Reuters) - Bitcoin, the world's ​largest cryptocurrency ‌by market value, was ‌down by 6.53% at $78,719.63 ​at 1748 GMT ‍on Saturday.

On Friday, bitcoin fell to ⁠as ‍low as $81,104, the ‌lowest ‌since November 21, after former ⁠Federal ⁠Reserve ​Governor Kevin Warsh was ‍selected as the next ​Fed chair.

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Sat, 31/01/2026 - 15:48

XRP ETFs have resumed their strong daily performance despite the broad crypto market weakness, signaling resilience among its institutional investors.

Cover image via U.Today The U.S. spot XRP ETFs are showing early signs of recovery after a period of intense selling pressure, recording a net inflow of $16.79 million in a single day as of Jan. 30, according to data from SoSoValue.

The notable inflow seen during the last trading session marks a major recovery for the sector as they have just recorded heavy withdrawals, with over $92 million moved out of the funds in one day.

The renewed demand seen among the XRP ETFs have helped increase their cumulative net inflows to a massive $1.18 billion, while total net assets also increased to $1.19 billion.

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XRP funds regain momentumWhile the fresh capital had flowed in despite the high volatility seen across the crypto market, with the price of XRP trading in the deep red territory, trading activity remained steady with $28.74 million.

Also, it is important to note that most XRP ETFs posted daily declines of around 3% to 4%. However, the inflows occurred despite short-term price pressure.

While the XRP ETFs have pulled the massive inflows from the bearish market trends, it appears that institutions remain keenly convinced about the asset’s long-term prospects.

With the inflow coming just a day after the funds recorded their largest outflow ever, the quick recovery seen in the next day suggests that institutional investors may be using recent price weakness as a buying opportunity rather than an exit signal.

21Shares leads with highest inflowThe data further showed that the massive injection of fresh capital seen on the day was majorly contributed to by the 21Shares XRP ETF.

Notably, 21Shares’ TOXR ETF attracted the largest share of inflow with $8.19 million in daily inflows, followed by Bitwise’s XRP ETF with $3.91 million, Canary’s XRP ETF with $2.79 million and Franklin’s XRPZ ETF with $1.90 million.

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Bitcoin price has entered a cautious phase after failing to hold its recent recovery, with price action gradually tilting back toward the downside. The pullback has been controlled rather than panic-driven, but signs of weakening demand are becoming harder to ignore. Spot buying remains limited, leverage continues to unwind, and sellers are still active beneath the surface. Together, these signals raise the likelihood of Bitcoin revisiting lower support levels, with the $75,000 region now emerging as a key area to watch as early February approaches.

Open Interest: Leverage Steps Back, Not InOpen interest across exchanges has declined sharply, signaling broad deleveraging rather than aggressive dip-buying. This drop suggests traders are closing positions instead of building fresh longs to defend current levels. Importantly, open interest has struggled to recover alongside price, reinforcing the idea that conviction remains weak. 

When leverage exits the market without being replaced, the price often drifts toward the next support zone. This behavior aligns with the broader correction seen on the price chart and adds weight to the bearish near-term outlook.

Exchange Reserves: Spot Supply Gradually IncreasesExchange reserve data shows Bitcoin balances ticking higher after a prolonged period of decline. While this does not point to panic selling, it does indicate that more BTC is becoming available to sell. 

In past cycles, rising reserves during a corrective phase have often coincided with extended pullbacks rather than quick reversals. With spot supply increasing and no clear signs of aggressive accumulation, downside pressure remains a real risk if demand does not improve.

Spot Taker CVD: Sellers Still Have the Upper HandSpot taker CVD reinforces this cautious view. Over the past several months, sell-side market orders have dominated, and while selling pressure has eased slightly, buyers have yet to take clear control. 

The lack of a strong bullish shift in CVD suggests that recent stabilization is more about sellers slowing down than buyers stepping up. Without sustained spot buying, any bounce is likely to remain corrective rather than trend-changing.

Is Bitcoin (BTC) Price Heading to $75,000?Ever since the BTC price dropped below $100,000, it has slipped into extreme bearish conditions. It broke down below the rising wedge, which has been the start of a strong descending trend. 

After breaking the wedge, the BTC price has also completed a small upside correction that resulted in a fresh descending trend. Meanwhile, the weekly RSI is also heading towards the lower threshold, indicating Bitcoin is yet to mark the bottom. Considering the chart structure, the next strong support is just below $75,000, at around $74,500, which could be the range where buyers may take control. 

Conclusion: What Comes Next for Bitcoin?Taken together, price structure, derivatives positioning, and spot market behavior all lean toward further downside exploration. Bitcoin does not appear to be in a capitulation phase, but it also lacks the conditions typically seen at durable bottoms. Unless spot demand strengthens and leverage begins to rebuild alongside rising prices, Bitcoin may continue drifting lower toward the $74,000–$76,000 support zone. A bounce from there is possible, but for now, the data supports caution rather than optimism.

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These XRP Holders Could Stabilise Price Amid Chaotic Global MarketXRP selling pressure eases as MVRV enters opportunity zone signaling potential accumulation.Long-term holders accumulate XRP, reducing supply and supporting stabilization during ongoing drawdown.XRP price recovery depends on reclaiming the $1.81 support; failure risks drop toward $1.54.XRP price has weakened over the past 48 hours as broader market conditions failed to stabilize. The token extended its pullback, reflecting persistent risk aversion across digital assets. 

Despite the decline, XRP is not showing signs of disorderly selling. Current focus has shifted toward stabilization, with certain holder groups working to absorb pressure and support a potential recovery.

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Market sentiment indicators suggest XRP may be nearing a turning point. The Market Value to Realized Value ratio has dipped into the opportunity zone.

A reading below -14% typically signals selling saturation. Historically, such conditions precede accumulation phases as investors seek undervalued entry points.

This setup often attracts buyers willing to absorb excess supply. When MVRV remains depressed, downside momentum tends to slow. Investors frequently step in to capitalize on discounted prices.

Similar behavior is expected in the coming days, which could help XRP form a short-term base.

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XRP MVRV Ratio. Source: SantimentSponsored

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Long-term holder behavior further supports stabilization prospects. XRP’s Liveliness indicator has declined steadily for several weeks. It is now hovering near a four-month low. Liveliness tracks the movement of long-held coins, offering insight into holder conviction.

A declining Liveliness reading indicates accumulation rather than distribution. In XRP’s case, long-term holders appear to be adding exposure instead of selling. This behavior reduces circulating supply and dampens volatility. Sustained accumulation from this cohort often supports price stabilization during extended drawdowns.

XRP Liveliness. Source: GlassnodeXRP Price Downtrend ContinuesXRP price has dropped 10.9% over the past 48 hours, trading near $1.69 at the time of writing. The token is sitting just below the $1.70 support level. Ongoing bearish pressure from a broader downtrend continues to weigh on price action.

The descending trend line has acted as resistance since the start of the year. For XRP to recover, investor participation must increase. Reclaiming $1.81 as support would be a critical step.

Combined with improving sentiment indicators, such a move could push XRP toward the $2.00 level.

XRP Price Analysis. Source: TradingViewDownside risk remains if selling pressure persists. A continued decline could send XRP below the $1.61 support zone. Under that scenario, the price may fall toward $1.54. Such a move would invalidate the bullish thesis and signal prolonged weakness until new demand emerges.

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In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Over the past week, the Bitcoin market experienced new waves of liquidations with prices dropping to around $81,000 on Thursday. Though the premier cryptocurrency has seen a slight rebound since then, bearish sentiments remain dominant with analysts expecting a potential decline to as low as $56,000. Amid this recent correction, a developing on-chain situation has reached a boiling point, putting the Bitcoin market at a critical juncture.

Bitcoin aSOPR Holds Clue To Next Market Phase – Analyst  The Adjusted Spent Output Profit Ratio (aSOPR) is an on-chain metric used to measure whether Bitcoin investors are, on average, selling their coins at a profit or at a loss, while filtering out noise from short-term, low-value movements. In usual market trends, each new price peak is accompanied by higher conviction as investors are willing to hold longer, take profits later, and tolerate larger drawdowns because they expect even higher prices.

However, during Bitcoin’s ascent from around $40,000 in early 2024 to over $100,000, the aSOPR has shown a different pattern as observed by market analyst MorenoDV. Despite a consistent uptrend resulting in multiple price peaks, Bitcoin aSOPR established a downtrend pattern marked by lower highs and lower lows, thereby creating a puzzling market divergence.

Source: CryptoQuant According to MorenoDV, this development suggests that Bitcoin traders were aggressively taking profits with each rally, indicating a lack of long-term market confidence. Considering the descending profit-taking pattern, it can also be inferred that investors were satisfied with smaller and smaller gains, suggesting they were no longer convinced that upside continuation was likely.

The Present Market Debacle  Despite the ongoing divergence, it is still observed that aSOPR respects the general market trend with each high in its descending channel aligning with a local price top, while each retest of the lower boundary coincides with a market bottom. 

Source: CryptoQuant Presently, the aSOPR is retesting this lower boundary, in a fear-ridden market with over 30% of market supply in a loss. Ideally, MorenoDV explains these are accumulation opportunities, especially in further consideration of the negative aSOPR.

However, the analyst warns that a decisive fall below this line could strengthen present bearish sentiments, resulting in an intense market capitulation, as an already fearful set of investors would likely initiate a sell-off. At press time, Bitcoin continues to trade around $83,819, reflecting 0.41% decline in the past day.  Following the recent liquidations, the market leader is now 34% away from its all time high of around $126,100.

BTC trading at $84,072 on the daily chart | Source: BTCUSDT chart on Tradingview.com Featured image from Freepik, chart from Tradingview

17h05 ▪ 3 min read ▪ by Ariela R.

Summarize this article with:

Fidelity launches a digital dollar on Ethereum. This compliant, freezable token controlled by a fiduciary bank could cause banks to lose 500 billion dollars by 2028. A monetary shock during the crypto transformation!

In Brief Fidelity launches a digital dollar on Ethereum, capable of freezing funds and heavily regulated. This stablecoin threatens up to 500 billion dollars of bank deposits by 2028, according to Standard Chartered. A digital dollar on Ethereum controlled by Fidelity The Fidelity Digital Dollar (FIDD) arrives on the Ethereum blockchain. Created by a regulated banking subsidiary, this stablecoin is intended for Fidelity clients via its brokerage, wealth management, and exchange channels.

The token remains transferable on-chain. Fidelity, however, retains full control. It can therefore freeze wallet funds, monitor transactions, and restrict access.

This heavily regulated architecture makes Ethereum a regulated playground. FIDD holds a reserve composed of cash and US Treasury bonds, with daily publication of net asset value. The idea? To offer a solid, compliant stablecoin suited for institutional markets.

Ethereum becomes the battlefield for bank stablecoins Behind this launch lies a colossal stake: the deposits war. According to Standard Chartered, US banks could lose up to $500 billion by 2028 to stablecoins. As an open infrastructure, Ethereum thus becomes a strategic battlefield.

FIDD does not seek to compete with Circle or Tether, but to establish itself as a on-chain settlement tool for Fidelity clients. Choosing Ethereum rather than a private blockchain also highlights an ambition for interoperability with the DeFi.

This model rests on five levers:

distribution; compliance; redemption rails; portability; treasury strategy. Regulation becomes a competitive advantage here. Fidelity bets on a future where trust, traceability, and integrated monitoring will prevail over anonymity or raw speed.

In any case, FIDD could well become a central token in the future financial landscape. If other institutions follow, Ethereum could crystallize the shift from fiat currencies to supervised digital assets. The question remains whether the public will accept such a level of control!

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My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)

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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

A security incident at Step Finance has renewed concerns about treasury protection across decentralized finance. The Solana-based analytics platform confirmed that attackers compromised several treasury and fee wallets. 

On-chain data showsthat a large amount of SOL was unstaked and moved in a short time window. At the time, the transferred assets carried an estimated value of about $30 million. The disclosure triggered immediate attention across the Solana ecosystem due to the size and nature of the outflow.

The team acknowledged the breach through official channels and launched an urgent investigation. Additionally, Step Finance engaged external cybersecurity firms to support forensic analysis. 

The platform stated that it is still reviewing how the wallets were accessed. Consequently, attribution and recovery details remain unavailable. The incident occurred rapidly, which raised questions about prior wallet access rather than automated exploitation.

Large Treasury Outflow Raises Red FlagsBlockchain data showed that roughly 261,854 SOL was unstaked before the transfers occurred. Significantly, unstaking requires direct wallet permissions, which suggests deliberate human interaction. Analysts noted that this sequence often indicates compromised private keys. However, investigators have not confirmed the attack vector.

Besides the treasury wallets, fee-related wallets were also affected. These wallets typically hold protocol revenue, making them valuable targets. Moreover, the destination of the transferred funds remains unknown. No clear recovery timeline has been shared so far.

Despite the scale of the incident, Step Finance clarified that user funds were not exposed. The platform focuses on analytics and portfolio tracking rather than asset custody. Hence, the breach appears limited to protocol-owned assets. Still, the event unsettled the broader Solana DeFi community.

Broader Impact on Solana DeFi SecurityThe breach follows a pattern of treasury-focused attacks seen throughout 2025. Consequently, security teams have increased scrutiny of protocol fund management.

Market observers pointed out that rising treasury balances attract more sophisticated attackers. Additionally, volatile market conditions often accelerate such attempts.

Community responses varied after the disclosure. Some participants requested immediate transparency. Others urged patience until investigators complete their analysis. 

Meanwhile, security experts stressed the importance of layered defenses. Multisignature controls, restricted access, and real-time monitoring reduce single-point failures.

Industry Pressure Builds for Stronger ControlsThe incident highlighted structural risks within decentralized finance treasuries. Moreover, attackers now target institutional wallets instead of individual users.

This shift increases pressure on protocols to strengthen custody frameworks. Consequently, treasury security has become a priority topic across Solana-based projects.

Step Finance, a Solana ecosystem DeFi platform that calls itself "the front page of Solana," disclosed that some of its treasury and fee wallets were compromised and are currently under investigation, according to an announcement from the project.

Onchain data reveals that approximately 261,854 SOL was unstaked and transferred during the incident. At SOL's current price of around $110, the transfers represent roughly $29 million in value, per blockchain security firm CertiK. 

"There has been a breach of security for some of our treasury wallets hours ago and we are currently investigating...More information will be posted at a later stage," Step Finance wrote on X. The platform also asked cybersecurity firms to assist with the investigation. 

Step Finance has not disclosed the root cause of the compromise, whether it resulted from a smart contract vulnerability or access control issue, or whether any user funds beyond the protocol treasury were affected. The project did not immediately respond to a request for comment from The Block.

Founded in 2021, Step Finance describes itself as a portfolio visualization platform that aggregates LP tokens, yield farms, and positions across approximately 95% of Solana protocols into a single dashboard. The platform also operates SolanaFloor, a Solana-focused news outlet, and puts on the annual Solana Crossroads conference in Istanbul. In Dec. 2024, the project acquired early-stage startup Moose Capital, since rebranded to Remora Markets, in a bid to bring tokenized trading of major stocks like Nvidia and Tesla to Solana. 

The STEP token, which powers governance and staking rewards for the protocol, is trading at approximately $0.023, after dropping more than 60% over the past 24 hours, according to CoinGecko data. Step Finance operates a validator node and directs 100% of validator revenue after operating costs toward STEP buybacks, which are distributed to xSTEP stakers.

The incident adds to a series of exploits and compromises affecting Solana ecosystem projects. In April 2025, lending protocol Loopscale lost $5.8 million to an exploit two weeks after launch, while decentralized credit protocol CrediX suffered a $4.5 million breach in August 2025 after an attacker gained control of an administrator wallet. In November 2025, South Korean exchange Upbit experienced a $37 million hack affecting various Solana network assets.

Blockchain analytics firm Chainalysis reported in December 2025 that cryptocurrency theft totaled over $3.41 billion for the year, with DeFi hack losses remaining suppressed even as total value locked rebounded across the sector.

This is a developing story.

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.

Shiba Inu burn rate drops to zero in 24 hours while SHIB price falls 5.54% to $0.000006853. Whale moves 41B tokens to the exchange amid growing concerns about the burn mechanism's effectiveness.

Newton Gitonga2 min read

31 January 2026, 04:47 PM

The Shiba Inu ecosystem experienced a complete halt in token burn activity over the past 24 hours. Shibburn, the tracking platform for SHIB burns, confirmed zero tokens were sent to dead wallets during this period. The stagnation occurred while the meme coin's price continued its downward movement.

This sudden drop in burn activity stands in stark contrast to recent developments. Just 48 hours earlier, the burn rate had surged by over 500%. A single transaction eliminated 10,491,803 SHIB tokens from circulation. The massive burn had sparked optimism among investors about sustained deflationary pressure.

The cryptocurrency market frequently experiences volatility. The Shiba Inu burn mechanism appears equally unpredictable. Without any new burns in the past day, the circulating supply remains fixed at 585,412,585,102,123 SHIB. An additional 3.83 trillion tokens stay locked in staking protocols. This brings the total supply to 589,245,695,882,238 SHIB.

Burn Mechanism Faces Growing SkepticismToken burns have long served as a cornerstone of the Shiba Inu strategy. The ecosystem relies on this deflationary tool to reduce supply and theoretically increase value. Developers and supporters believe that creating scarcity through burns will drive price appreciation.

However, critics question the practical effectiveness of this approach. Industry analysts point out that trillions of SHIB tokens remain in circulation. The volumes typically burned represent a minuscule fraction of the total supply. Even substantial burn events fail to create meaningful scarcity.

Price Action Reflects Broader Market PressuresShiba Inu currently trades at $0.000006853. The price has declined 5.54% in the past 24 hours. The recent burn of over 10.49 million tokens failed to reverse the bearish trend. SHIB dropped from a daily high of $0.00000736 to its present level.

Trading volume tells a similar story. The metric decreased 18.28% to reach $126.25 million. Lower volume often signals reduced market interest and weaker buying support.

Whale activity has contributed to the selling pressure. One large holder transferred 41 billion SHIB to an OKX hot wallet. Such movements typically indicate preparation for selling. Exchange inflows from whales often precede price declines as supply on trading platforms increases.

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Newton Gitonga covers cryptocurrencies, blockchain, and digital finance. He specializes in breaking down complex trends with clear, data-driven reporting. His work focuses on market analysis, technical insights, and the evolving role of altcoins in shaping global markets.

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Tron witnessed expansion in decentralized finance (DeFi), liquidity layers, network activity, and USDT supply.

The Tron network performed relatively well in 2025, recording a trend of high throughput and sustained activity. The year also highlighted the network’s scalability, competitiveness in the industry, user retention, and economic utility.

Analysts at the market research firm CryptoQuant have published a special report reviewing Tron’s journey over the past year. The publication, shared with CryptoPotato, examines the impact of new developments, such as lower fees and TRX’s growth as a native cryptocurrency.

Tron Network Activity Surges According to CryptoQuant, Tron network activity reached structural highs, with peaks in monthly transaction volume and active addresses. Monthly transactions recorded an all-time high (ATH) of 323 million in December, rising 39% from December 2024. On the other hand, monthly active addresses peaked at 35.5 million and ended the year at 31.3 million, a 24% year-over-year (YoY) increase.

The rise in transactions per active address surged to a two-year high of 10.5, up from 9.2 in December 2024. This indicated a rise in user intensity and deeper engagement beyond simple address growth.

Tron implemented a 60% cut in unit energy price in August 2025, slashing average transaction fees by 65% to $0.53, the lowest since September 2023. This caused fee revenues to fall, with monthly figures declining from $399 million pre-cut to $183 million in December. Analysts insist the development reflected a strategic trade-off prioritizing throughput and usage over per-transaction revenue.

Evaluating the ecosystem as a whole, Tron witnessed an expansion in decentralized finance (DeFi) and liquidity layers. DeFi platforms like SunSwap and JustLend averaged billions of dollars in liquidity. The former sustained a monthly average of $3.1 billion in wrapped TRX (WTRX) swap volume, while the latter’s deposits soared 56% YoY to $12.8 billion.

The Dominant USDT Rail Last year, TRX recorded high transfers in USD terms, with the total amount standing at $85.2 billion, a 44% increase from 2024 levels. Analysts attributed most of the growth to the rise in the asset’s price – TRX reached a monthly average ATH of $0.34 in September 2025.

You may also like: Tether Confirms $779M Bitcoin Purchase Despite Weak Market Momentum Report: Tether Blacklists 7,268 Wallets vs. Circle’s 372 Tether Moves to Buy Juventus in Major Historic Football Bid Contrarily, the total TRX transfers in native units amounted to 309 billion, representing a 27% decline from 2024. The decline occurred because more TRX were staked for voting and network security. About 48% of the TRX supply (45.7 billion coins) is currently staked.

Notably, the Tether (USDT) supply on Tron expanded significantly, rising 40% from $58 billion in 2024 to $81 billion last year. USDT bridging volume also jumped 215% YoY to $17.8 billion. Tron is now the dominant USDT transaction rail, having processed more than 825 million USDT transfers last year and ending December with a USDT transaction volume twice that of Ethereum.

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Posted: January 31, 2026

No doubt, the ongoing capital rotation into legacy markets has raised questions about the “hedge” status of risk assets, as the continuing FUD around the falling U.S. dollar has triggered a rush into metals.

Bitcoin [BTC] is showing the trend loud and clear. Back-to-back ETF outflows, with billions moving out week over week, have put its market “hedge” credibility against the falling U.S. dollar under the microscope.

Against this backdrop, Binance dropped an open letter. It announced that it’s converting the Secure Asset Fund for Users (SAFU) fund’s $1 billion stablecoin stash into Bitcoin, aiming to complete the move within 30 days.

Source: Binance

From a technical view, at BTC’s current spot of around $80k, that’s roughly 12,500 BTC on paper. However, Binance isn’t going all-in at once. Instead, the plan is slow, strategic accumulation to avoid shaking the market.

On top of that, if the fund’s value dips below $800 million due to price swings, Binance will rebalance it to keep it at $1 billion. That means the focus isn’t on the exact BTC amount, but on slowly building up Bitcoin.

Taken together, Binance’s move sends a clear signal of confidence in the asset. But timing is key. With capital rotation putting BTC’s “hedge” status under scrutiny, is Binance deliberately trying to steer market sentiment?

Bitcoin move by Binance raises questions  With the market this volatile, Binance’s move has sparked mixed reactions.

Some skeptics are calling the timing “calculative,” pointing to Bitcoin’s 13% dip back to $80k. Put simply, the play seems obvious: Shake the market first, then “buy the dip” to trigger a frenzy and capitalize on the volatility.

On the flip side, many see it as a “much-needed” catalyst. In fact, Tron founder Justin Sun is reportedly looking to add to his Bitcoin holdings following Binance’s move, which only reinforces the bullish sentiment.

Source: TradingView (BTC.D)

Either way, the frenzy has put Bitcoin to the test.

From Binance’s perspective, this move is about building confidence. That means BTC is still seen as the key driver of market flows. In this context, a breakout in BTC.D past 60% could be exactly what this move is aiming for.

If it holds, it could reinforce BTC’s “hedge” status, especially as metals continue to wipeout trillions. If not, a muted impact might show that BTC.D is still fragile, further weakening Bitcoin’s store-of-value case against gold.

Final Thoughts Binance’s SAFU fund conversion aims to strengthen Bitcoin’s role as the main driver of market flows. The market’s reaction will determine if BTC dominance strengthens or remains fragile, affecting its store-of-value case against metals.

Ritika Gupta is a Financial Journalist and Geopolitical Analyst at AMBCrypto, specializing in the critical intersection of world politics, economic policy, and the cryptocurrency markets. Her analysis is informed by her distinguished background, which includes professional experience at major news network. She holds a Bachelor's degree in Political Science and Psychology from Gargi College, University of Delhi. This academic training provides her with a sophisticated framework for dissecting complex issues such as international regulations, government fiscal policies, and the geopolitical forces that directly influence asset valuations. At AMBCrypto, Ritika applies this expert lens to synthesize macroeconomic data and political developments, offering readers a deeper context for market movements. She excels at explaining not just what is happening in the market, but why it is happening. Her work is dedicated to providing strategic insights that empower readers to understand the complex relationship between global events and their digital assets.

Sat, 31/01/2026 - 17:12

Cardano has seen a 18,966.01% surge in the derivatives market even as the crypto market trades in the red.

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Cardano is trading in the red over the last 24 hours as the crypto market extended its declines on Saturday, compounding an earlier sell-off. The market crash shook out leveraged crypto futures bets worth $591 million in 24 hours.

Crypto prices remained under pressure as a partial government shutdown increased uncertainty in the markets.

In line with this drop, open interest (OI) in futures tied to most major cryptocurrencies has declined, with Cardano's open interest falling 3.68% in the last 24 hours to $597.55 million.

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As Cardano metrics remained in the red, an outlier lies in the derivatives market, with ADA futures volume skyrocketing 18,966.01% on the Bitmex crypto exchange to $285.69 million, according to CoinGlass data.

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Cardano volume has broadly declined in the derivatives market, down 19.6% to $1.41 billion, according to CoinMarketCap data.

Cardano newsThis week, Cardano founder Charles Hoskinson announced that USDCx, the non-EVM privacy version of USDC, is coming to Cardano, the latest delivery via Pentad and the community-funded Critical Integrations program.

Cardano's Midnight (NIGHT) token can now be bridged to COTI Network through ChainPort, according to an announcement this week. Pondora launched Echo, the first non-custodial Hydra implementation that transforms smart contracts into Hydra participants.

Pulse, which is believed to be Cardano’s privacy DEX, has gone live on the Midnight public testnet. Fluid Tokens stated it is now in the final stages of completing the Bitcoin Cardano bridge.

Input Output Engineering’s Hydra team and Masumi Network announced a collaboration this week to deploy Masumi, an AI agent on Hydra.

Progress is currently being made toward node v.10.7 integration as Cardano prepares for an intra era hard fork to protocol 11 version.

Professor Aggelos Kiayias, IO chief scientist, was named 2025 Fellow by the Association for Computing Machinery, which is one of the highest honors in computer science.

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Long-term bitcoin holders are selling at the fastest pace since August, while some industry observers suggest the market may be approaching a bear-market bottom. Jan 31, 2026, 5:14 p.m.

U.S. president Donald Trump’s surprise nomination of former Fed governor Kevin Warsh as the next Federal Reserve chair boosted the dollar, unwound the precious metals rally, and is bringing bitcoin below a key support level.

Onchain data shared by Glassnode shows bitcoin was consolidating just above key structural support around $83.4K, the lower bound of its short-term holder cost basis model.

STORY CONTINUES BELOW

A breakdown below that zone could open the door to a deeper slide toward $80.7K, the so-called True Market Mean.

That breakdown is occurring. Over the past 7-day period bitcoin BTC$83,460.68 lost more than 9.2% of its value and now trades at $81,200.

The broader market, measured via the CoinDesk 20 (CD20) index, lost 12.4% of its value over that period. That has meant the Crypto Fear & Greed Index dropped to “extreme fear” over the week.

Glassnode’s report notes that short-term holder supply held at a loss with BTC above that level remained at 19.5%, well below the 55% capitulation threshold, suggesting some resilience despite downside pressure. However, buyer conviction is being tested as price drifts lower.

On the derivatives side, funding rates remain muted, pointing to cautious speculative appetite. Options markets are pricing in greater demand for downside protection, with dealer gamma flipping negative below $90K. That increases the risk of volatility spikes if support breaks.

Taken together, the data paints a picture of a fragile but not yet broken market. Liquidity remains the key variable.

The crypto market may currently be gripped by fear, but that could be a good signal.

According to crypto analytics platform Santiment, sentiment across various cryptocurrency communities has plunged to extreme lows, levels that have historically preceded price recoveries.

In a report, Santiment highlighted the rise in bearish commentary on social media as a rare bright spot in an otherwise downbeat environment.

“While network fundamentals are stagnant, crowd sentiment has hit extreme negativity levels,” the firm wrote. “Historically, this excessive bearishness is a strong contrarian indicator that a local bottom could be near.”

While prices have been dropping throughout the last few months, long-term bitcoin holders are selling at the fastest pace since August. Crypto prices fell over the week, seemingly over the U.S. dollar’s decline reversing.

Some industry observers say the current mood may be short-lived, however.

Bitwise’s CIO Matt Hougan had recently joined CoinDesk’s Markets Outlook, where he said crypto is in the late stages of a bear-market bottom. Historically, crypto markets have tended to move in the opposite direction of the crowd, the report points out.

Swift’s Payment Scheme is in a phased roll-out stage: will ISO 20022 compliant blockchain reap the benefits?

Market Sentiment:

Bullish Bearish Neutral

Published: January 31, 2026 │ 5:11 PM GMT

Created by Gabor Kovacs from DailyCoin

SWIFT, the 50-year old financial conglomerate, are dipping their toes into blockchain-based infrastructure. “We’re taking a bold step toward making cross-border payments as seamless as domestic ones”, – read the blog post about SWIFT’s new standard of consumer-originated transactions.

At Swift, we continue to evolve the cross border payments experience – and adding a blockchain based ledger to our infrastructure stack marks an important step forward in that journey.

Why does embedding a shared ledger matter?

Thierry Chilosi , our Chief Business Officer,… pic.twitter.com/xzSXnNhZ0D

— Swift (@swiftcommunity) January 29, 2026 Aside from recently testing Hedera Hashgraph (HBAR) & Ripple (XRP), SWIFT employed more than 40 banks for the Swift Payments Scheme, the new revolutionary system that’s supposed to make international transactions instant. This enforces a new set of rules for qualified banks & institutions.

Do XRP & HBAR Play a Part in SWIFT’s New Scheme?Notably, the implementation of Swift’s Payments Scheme will be covered throughout 2026. This falls in line with SWIFT concluding XRP & HBAR testing for distributed ledger-based payment solutions, but that doesn’t necessarily guarantee to deliver a clear winner. SWIFT’s executives are focused on multi-chain functionality.

Sponsored

However, those highly-compatible with the new ISO 20022 gold standard technically gain an advantage over vaguely-regulated counterparts. By the same token, Ripple (XRP), Hedera (HBAR) & Stellar Lumens (XLM), all DLT chains, have active partnerships with banks worldwide.

SWIFT is working with 40+ banks on real-time cross-border settlement.

Their MVP launches H1 2026.

The irony? That's the exact promise crypto made years ago. SWIFT isn't replacing crypto — it's admitting the old model failed. Any asset that can't integrate with modern rails… pic.twitter.com/HgGNc3reci

— Ripple Bull Winkle | Crypto Researcher 🚀🚨 (@RipBullWinkle) January 29, 2026 Blockchain integration is a “natural extension of the world we carry today into the digital era”, said Thierry Chilosi, the Chief Business Officer at SWIFT. Previously conducting business with Linea, a blockchain solution launched by MetaMask’s co-founders, SWIFT also acknowledged the need for instant payment rails during last year’s Hedera conference in Denver.

With this real-time settlement platform still in the works, the strategic shift could take both HBAR & XRP under SWIFT’s umbrella. For Ripple’s native XRP Ledger, the edge is game-tested trading volumes, handling billions of dollars on a regular day. Meanwhile, HBAR tops XRP Ledger in technical capabilities, able to handle up 10,000 transactions per second (TPS).

Discover DailyCoin’s hottest crypto scoops right now:
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People Also Ask:What is SWIFT’s new retail payments scheme?

It’s a global initiative to make cross-border payments faster, transparent, and predictable for consumers and small businesses.

Why is this seen as “copying Ripple’s playbook”?

SWIFT’s focus on transparency, predictability, and end-to-end experience mirrors Ripple’s decade-long advocacy for modernizing payments.

When does the scheme launch?

Phased rollout starts with an MVP in the first half of 2026, building on pilots with 40+ banks worldwide.

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.

Costco is one of the dominant players in the retail sector.

In addition to Walmart and Amazon, Costco Wholesale (COST 1.21%) is one of the leading businesses in the retail sector. It has a global presence with over 900 warehouses in total. And the company has been a great portfolio addition for shareholders.

If you bought $100 worth of this retail stock 10 years ago, how much would you have today?

Image source: Getty Images.

In the past 10 years, Costco has produced a total return of 682% (as of Jan. 27). This means that a $100 starting investment would be worth $782 today. This is a wonderful gain that is much better than what the S&P 500 index would have returned.

It shouldn't be surprising that Costco's investment gains have been driven by strong fundamental performance. The company has far more warehouses today than it did a decade ago, which has resulted in increasing merchandise sales and a much bigger membership base of loyal customers. Consequently, Costco is registering much higher net income these days.

Today's Change

(

-1.21

%) $

-11.49

Current Price

$

940.10

But investors shouldn't rush to buy the stock just yet. Costco is an expensive investment opportunity today, with shares trading at a price-to-earnings ratio of 52. The best move is to wait for a sizable pullback before even thinking about adding Costco to your portfolio.

Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon and Walmart. The Motley Fool has a disclosure policy.

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SummaryData-Driven Resilience: Manhattan office leasing hit 42.8 million square feet in 2025, the highest since 2019.Tightening Trophy Supply: Availability in Midtown trophy assets has plummeted to a near-record low of 3.7%.SLG Valuation Gap: Management sees an 8.5% implied cap rate versus private sales at much higher prices.VNO Preferred Yields: Vornado preferred series offer secure income streams with yields up to 7.5%.Looking for more investing ideas like this one? Get them exclusively at High Dividend Opportunities. Learn More » Tim Robberts/DigitalVision via Getty Images

Co-authored with Beyond Saving

In investing, as in many other aspects of life, we often let bias cloud our judgment and allow fear of worst-case outcomes to take over.

Recently, there has been heightened anxiety

Analyst’s Disclosure: I/we have a beneficial long position in the shares of SLG, AND VNO PREFERREDS 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.

Beyond Saving, Philip Mause, and Hidden Opportunities, all are supporting contributors for High Dividend Opportunities. Any recommendation posted in this article is not indefinite. We closely monitor all of our positions. We issue Buy and Sell alerts on our recommendations, which are exclusive to our members.

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.