Market Signal Briefing

XRPL Commons said it backed two network upgrades on Friday after completing its routine amendment voting session, following a successful development network testing.

According to the community’s statement on X released Monday, one of the two proposals it voted for reached the validator voting threshold to be integrated into XRPL. One amendment it had backed earlier on was rejected after a flaw surfaced, and another amendment on token escrow is under review pending more testing.

XRPL Commons Voting Update

On Friday January 23rd, we completed our regular amendment voting session.

Amendment votes:
🔷XLS-80 (Permissioned Domains): Voted YES following successful Devnet testing

🔷XLS-81 (Permissioned DEXes): Voted YES following successful Devnet testing…

— XRPL Commons (@xrpl_commons) January 26, 2026

XRPL Commons participates in the validator-driven process that determines which changes advance toward activation. Amendments require sustained support from a supermajority of validators before they go live on the ledger.

XRP validators greenlight credential-based network zones 88% of validators have voted in favor of the XLS-80 proposal, also known as Permissioned Domains, after successful Devnet testing. The group said the change is tracking an estimated activation date of February 4, 2026, at 09:57:51 UTC.

The proposal introduces restricted environments within the XRP Ledger that limit the participation of accounts holding approved credentials. The framework would not expose sensitive personal records, as only proof that a credential is valid is recorded on-chain, while any personal details remain off the ledger. 

Permissioned Domains are gated zones that institutions can use, provided they verify counterparties before transacting. This is different from the fully open access model that blockchain systems used before, including XRPL.

XRPL Commons also voted in favor of the XLS-81 “Permissioned DEX” amendment, which was proposed during the launch of software version v2.5.0 last year. According to the XRP amendment voting page, XLS-81 has not yet been enabled but is still in the voting phase.

The amendment requires 27 out of 34 validator votes to meet its threshold. At the time of reporting, consensus stood at 55.88%, with only 19 validators in favour.

The proposal expands the XRP Ledger’s built-in exchange by allowing trading inside controlled settings. Participants must hold approved credentials before placing or filling orders, including financial firms operating under identity and reporting rules.

Permissioned DEX instances have “allow-lists” that determine who can access a given trading venue. Orders placed in these settings are kept separate from the main open order books. One type limits activity strictly to traders within a specific domain. At the same time, another structure lets traders interact with both the restricted pool and the public exchange, giving priority to the controlled venue.

The framework is meant to work alongside XRP Ledger compliance mechanisms, such as authorized trustlines, asset freezing, and clawback functions, to enable regulated on-chain trading.

However, the Commons switched its vote on XLS-56 (Batch Transactions) from yes to no after the discovery of a software issue during review. According to the group, the bug could validate inner transactions in a batch that seemed properly signed when they were not. Commons recommended that developers make fixes before its support on the ledger could resume.

XRPL token escrow upgrade awaits further testing The XLS-85 amendment that extends escrow features to issued tokens in other chains saw no change in position. XRPL Commons said more testing is scheduled ahead of the next voting session.

Per the proposal’s semantics, the ledger could hold IOUs and Multi-Purpose Tokens in escrow. It could also impact coin releases by conditions such as time, specific events, or programmable rules. 

Token issuers would be barred from placing their own assets into escrow, and any assets under escrow could not be clawed back during the lock period. Transfer fees for certain tokens would be calculated when the escrow is created.

The amendment was also introduced with software version v2.5.0 and would require 80% validator backing to activate. Still, it does not provide direct cross-chain escrow functionality as that limitation is outside its current scope.

Beyond amendment decisions, XRPL Commons said fee-based reserve remains at 1 XRP, while the owner reserve is capped at 0.1 XRP. All other open amendments had already been voted on in prior sessions, and no new proposals were added to the agenda this round.

The next amendment voting session is scheduled for February 6, when validators will revisit pending proposals and review test results.

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Software Engineer and founder of various AI start ups Vincent Van Code (@vincent_vancode) argues on X that most XRP burn projections are understated because they assume today’s low transaction fees persist even under heavy network usage. In his framing, sustained congestion on the XRP Ledger (XRPL) could push fees higher via the protocol’s load-scaling mechanics, potentially destroying on the order of one billion XRP annually.

XRPL Load Factor Could Turn Fees Into A Major XRP Burn In a thread titled “The ‘Supply Meltdown’ Simulation,” Vincent Van Code claimed “everyone is calculating the XRP burn wrong,” starting with the premise that the commonly cited base fee of 0.00001 XRP only reflects a quiet network. “But what happens if the world actually starts using the XRPL at its 3,400 TPS limit?” he wrote, positioning load-driven fee escalation as the pivotal variable rather than raw throughput alone.

Van Code’s simulation walks through multiple fee regimes at the same headline activity rate, emphasizing that burn changes dramatically when the ledger is full and the “Load Factor” increases fees to deter spam. “As the ledger fills up, the Load Factor kicks in to stop spam,” he wrote. “Fees don’t just stay low; they scale exponentially.”

He anchored the thread with four scenarios and daily burn estimates, starting with what he called a “standard day” of 1.2 million transactions and roughly 450 XRP burned per day. From there, he modeled “global adoption” at the stated 3,400 TPS ceiling, translating to about 293 million transactions per day at base fee and an estimated 2,937 XRP burned daily.

The more aggressive claims come when he holds transaction volume constant at that 293 million-per-day level but lifts the effective fee via congestion. In his “congestion hike” case, he assumes the load-scaled fee rises to 0.001 XRP, implying about 293,760 XRP burned per day. In a “full gridlock” case at 0.01 XRP per transaction, he estimates 2,937,600 XRP burned daily.

The thesis leans on a structural feature of XRPL fees: they are not paid out to validators or any sponsoring entity, but removed from circulation. Van Code underscored that distinction directly. “The fees aren’t paid to miners. They aren’t paid to Ripple. They are destroyed forever.”

The “Supply Meltdown” Simulation 🌋
Headline: Everyone is calculating the $XRP burn wrong. 🧵
The “base fee” (0.00001 XRP) only exists when the network is quiet. But what happens if the world actually starts using the XRPL at its 3,400 TPS limit?
The Congestion Math:
As the…

— Vincent Van Code (@vincent_vancode) January 24, 2026

From that, he draws his headline conclusion: “Under extreme global utility, we aren’t burning a few hundred tokens. We could be wiping 1 BILLION $XRP out of existence every year,” framing network demand—and the congestion it creates—as “the ultimate deflationary engine.”

At press time, XRP traded at $1.88.

XRP trades below the key support zone, 1-week chart | Source: XRPUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com

TL;DR

Portfolio Rotation: World Liberty Financial sold $8.08 million in Wrapped Bitcoin, reallocating into 2,868 Ether. The move highlights a deliberate preference for Ethereum over Bitcoin. Execution Strategy: The swaps were split into multiple tranches via Gnosis Safe and CoW Protocol, minimizing slippage and showing careful liquidity management. Market Signal: The reallocation reflects Ethereum’s growing utility narrative, from staking economics to tokenized assets, rather than Bitcoin’s store-of-value role.
World Liberty Financial, the crypto-focused entity linked to Donald Trump, has executed a striking portfolio rotation that has caught the market’s attention. On-chain data reveals the firm sold approximately $8.08 million worth of Wrapped Bitcoin, reallocating the proceeds into 2,868 Ether. The move underscores a deliberate shift in asset preference rather than a retreat from digital currencies, sparking debate among analysts and traders about its broader implications.

Trump's World Liberty Financial is selling $BTC to buy $ETH.

Today, they sold $8,080,000 in $WBTC to buy 2,868 Ethereum.

Do they know something? pic.twitter.com/1jKfyG1iy6

— Ted (@TedPillows) January 26, 2026

Strategic Execution of Swaps The transactions were not conducted in a single sweep but spread across multiple tranches. This approach suggests a calculated execution strategy designed to minimize slippage. Records show repeated transfers between a Gnosis Safe wallet and CoW Protocol settlement contracts, with Bitcoin exposure reduced incrementally while Ether holdings grew in parallel. Such precision underscores World Liberty’s commitment to managing liquidity and market impact with care.

Targeted Reallocation, Not Exit Importantly, the structure of the swaps indicates this was not a wholesale exit from crypto exposure. Instead, it was a targeted reallocation within the market. By rotating from Bitcoin into Ethereum, World Liberty Financial appears to be expressing a relative preference for Ethereum’s current narrative rather than reducing overall risk. The capital remains fully deployed, signaling conviction in the digital asset class.

Ethereum’s Renewed Appeal Ethereum has recently benefited from heightened attention around network usage, staking economics, and its role as infrastructure for tokenized assets and on-chain finance. Institutional and high-net-worth participants often rotate portfolios when relative valuations shift, and Ethereum’s utility-driven demand has positioned it as a compelling alternative to Bitcoin’s store-of-value narrative. This context provides a backdrop for World Liberty Financial’s decision.

Market Interpretation and Broader Implications The transaction has drawn scrutiny not only for its size but for its association with a politically connected entity. While speculation ranges from insider insight to tactical portfolio management, on-chain data does not reveal intent. Historically, Bitcoin-to-Ethereum rotations occur when investors expect a higher relative beta from Ethereum. The key question now is whether this move signals a broader trend or remains an isolated decision. For now, ETH trades at around $2,900, down more than 1% in the past 24 hours, as the market watches closely.

PI continues to decline and is now the 75th-biggest cryptocurrency.

Pi Network’s bulls suffered yet another setback as the token’s price plummeted to a new record low, further dampening market sentiment.

Additionally, some key indicators suggest the downturn could deepen in the short term.

Finding a New Bottom Just hours ago, Pi Network’s PI tumbled to $0.17, which is the lowest level recorded since the token began trading in February last year. Its market capitalization fell under $1.5 billion, making it the 75th-largest cryptocurrency.

PI Price, Source: CoinGecko The latest move to the south could be partially driven by the broader market’s bearish environment, where Bitcoin (BTC) slipped below $88,000, and Ethereum (ETH) briefly plunged to $2,780.

Some important factors hint that PI’s price has yet to chart fresh lows. Data shows that almost 150 million coins are expected to be unlocked in the next 30 days, a development that could increase selling pressure, as it will give investors the opportunity to offload assets they have been waiting for a long time.

The average token unlocks are just south of 5 million, which is far more aggressive than those in the previous weeks and months. The record day will be February 7, when approximately 6.1 million tokens will be freed up.

Huge Adoption on the Way? While PI’s price performance over the past several months indeed seems depressing, some X users remain optimistic about the project. Kosasi Nakomoto recently noted that the asset’s “earn while you wait” model looks “childish” to many crypto natives, but predicted that in a couple of years, most people in emerging markets will probably have a Pi wallet.

You may also like: Bitcoin (BTC) Plunges Before the FOMC Meeting, Pi Network (PI) Soars by 15%: Market Watch Meanwhile, PI’s Relative Strength Index (RSI) suggests that the worst might be over and could be time for a short-term rebound. The metric ranges from 0 to 100 and shows whether the asset is overbought or oversold. Ratios below 30 indicate the valuation has slipped too much in a short period and might be due for a rally, while anything above 70 is considered bearish territory.

Recently, the RSI fell below 30 and has since increased to 38.

PI RSI, Source: RSI Hunter Tags:

Bitcoin Cryptocurrency

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Arslan Butt

Crypto Writer

Arslan Butt

Part of the Team Since

Sep 2022

About Author

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

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Bitcoin is trading near $87,700, down about 1% on the day, yet Robert Kiyosaki remains unmoved by short-term price swings. The Rich Dad Poor Dad author says he continues buying Bitcoin and Ethereum regardless of volatility, arguing that price matters less than the direction of the global financial system.

In a recent post, Kiyosaki pointed to two forces shaping his strategy: the rising US national debt, now above $38.4 trillion, and the steady erosion of the dollar’s purchasing power. From his perspective, daily price movements are a distraction.

As debt expands and deficits deepen, scarce assets gain relevance. As he put it bluntly, he does not worry about market fluctuations because “the national debt keeps going up and the purchasing power of the US dollar keeps going down.”

Q: Do I care when the price of gold silver or Bitcoin go up or down?

A: No. I do not care.

Q: Why Not?

A: Because I know the national debt of the US keeps going up and the purchasing power of the US dollar keeps going down.

Q: Why worry about the price of gold, silver,…

— Robert Kiyosaki (@theRealKiyosaki) January 23, 2026 That logic explains why Kiyosaki groups Bitcoin with gold and silver, often referring to BTC as “digital gold.” While he has long favored physical metals, he now sees Bitcoin and Ethereum as modern extensions of the same hedge against monetary dilution. His long-term outlook remains bold, with Bitcoin potentially reaching $1 million over the coming years or decade.

Institutional Credibility Weakens as Investors Seek Bitcoin HedgesKiyosaki’s stance reflects deep skepticism toward traditional financial authorities. He has repeatedly criticized institutions such as the Federal Reserve and the US Treasury, arguing that policy decisions have fueled debt growth rather than long-term stability.

This view aligns with a broader investor shift. As inflation pressures, rising interest costs, and geopolitical uncertainty persist, capital has increasingly moved toward assets outside the traditional financial system. Bitcoin’s fixed supply of 21 million coins, with more than 19.98 million already in circulation, continues to attract investors who see scarcity as protection rather than speculation.

Bitcoin Price Prediction: $87K Base Forms as Trendlines Hint at a Springboard MoveWhile the long-term narrative remains intact, Bitcoin’s short-term chart sits at a critical junction. After pulling back from the $95,500–$96,000 zone, BTC is consolidating between $86,000 and $88,000, an area where multiple technical levels converge.

On the 4-hour chart, price is pressing against the lower boundary of a descending wedge while still respecting a rising long-term support line that has guided the broader uptrend since late 2025. Recent candles near $86,100 show long lower wicks, suggesting dip-buying rather than forced liquidation.

BTC/USD Price Chart – Source: TradingviewMomentum remains soft, with RSI hovering near 39–40, but it has begun to turn higher. A sustained hold above $88,000 would open a path toward $90,700 and $93,300, with a potential retest of $95,500. A break below $86,000 would delay that recovery and expose $84,300, without undermining the broader structure.

Taken together, Kiyosaki’s long-term conviction and Bitcoin’s developing technical base suggest the market is pausing, not peaking. For investors focused beyond short-term noise, this consolidation may be the kind of quiet reset that precedes the next expansion phase.

Bitcoin Hyper: The Next Evolution of BTC on Solana?Bitcoin Hyper ($HYPER) is bringing a new phase to the BTC ecosystem. While BTC remains the gold standard for security, Bitcoin Hyper adds what it always lacked: Solana-level speed. The result: lightning-fast, low-cost smart contracts, decentralized apps, and even meme coin creation, all secured by Bitcoin.

Audited by Consult, the project emphasizes trust and scalability as adoption builds. And momentum is already strong. The presale has surpassed $31 million, with tokens priced at just $0.013635 before the next increase.

As Bitcoin activity climbs and demand for efficient BTC-based apps rises, Bitcoin Hyper stands out as the bridge uniting two of crypto’s biggest ecosystems. If Bitcoin built the foundation, Bitcoin Hyper could make it fast, flexible, and fun again.

Click Here to Participate in the Presale

Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, disclosed fresh BTC purchases as prices slid during a broader market sell-off.

Strategy acquired 2,932 Bitcoin (BTC) for $264.1 million last week, according to a US Securities and Exchange Commission filing on Monday.

The acquisitions were made at an average price of $90,061 per BTC, with Bitcoin starting the week above $93,000 and briefly tumbling below $87,000, according to CoinGecko.

The purchase brought Strategy’s total Bitcoin holdings to 712,647 BTC, purchased for about $54.19 billion at an average price of $76,037 per coin.

Strategy’s January purchases exceed the last five months combinedStrategy’s latest Bitcoin purchase was notably smaller than its two earlier January buys, including the 22,305 BTC acquisition announced last week and a 13,627 BTC purchase the week before, which together accounted for the bulk of its recent accumulation.

So far this month, Strategy has acquired about 40,100 BTC, exceeding its combined purchases over the previous five months from August to December 2025, highlighting a sharp acceleration in buying activity since the start of the year.

Details from Strategy’s latest Bitcoin acquisition. Source: SECThe buy comes as Bitcoin has fallen more than 6% from recent highs, highlighting Strategy’s preference to purchase smaller amounts of BTC in periods of market weakness.

Strategy’s co-founder Saylor in 2024 pledged to keep buying Bitcoin at peak prices, while the company has since appeared more reluctant to make larger purchases during volatile market conditions.

Strategy sells $257 million in Common A sharesStrategy’s latest Bitcoin acquisition was largely funded with proceeds of selling its Common A shares (MSTR).

According to the SEC filing, the company sold around 1.7 million MSTR last week, generating $257 million. Additionally, Strategy sold 70,201 shares of Series A Perpetual Stretch Preferred Stock (STRC), netting $7 million.

Details on Strategy’s MSTR and STRC sales last week. Source: SECAt the time of writing, Strategy (MSTR) shares traded at around $163, down 12% from a January high of $185, according to TradingView data.

Magazine: How crypto laws changed in 2025 — and how they’ll change in 2026

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Strategy (formerly MicroStrategy) has once again demonstrated its unwavering commitment to its Bitcoin standard, announcing the acquisition of an additional 2,932 BTC for approximately $264.1 million.

The purchase, executed at an average price of $90,061 per Bitcoin, signals that the company remains a dedicated buyer even as the asset struggles to reclaim the $100,000 level. 

This latest acquisition shows Strategy’s willingness to "average up" to acquire more coins. The purchase price of $90,061 is significantly higher than their aggregate cost basis of $76,037, indicating that the firm views the current consolidation around $90k not as a peak, but as a discount relative to their long-term outlook.

With 712,647 BTC now in custody, Strategy effectively controls nearly 3.4% of the entire circulating supply of Bitcoin (21 million max supply).

Bitcoin is currently trading close to the $88,000 level, failing to regain momentum. 

The current Bitcoin price is testing a key support zone.

A bullish relative strength index (RSI) divergence is forming, signaling waning downside momentum and opening the door for a short-term relief bounce.

Summary

Bitcoin trades at channel support with value-area confluence. Bullish RSI divergence signals fading selling pressure. Relief bounce possible if current support continues to hold. RSI divergence occurs when price and the Relative Strength Index move in opposite directions, signaling a potential weakening of momentum that can precede a trend reversal or pause.

A bullish divergence forms when price makes a lower low while RSI makes a higher low. A bearish divergence forms when price makes a higher high while RSI makes a lower high. Bitcoin (BTC) price is showing early signs of stabilization after recent downside pressure, as price trades into a technically significant support zone. The current price action is unfolding at the lower boundary of a descending channel, which is in direct confluence with the Value Area Low of the broader trading range. This convergence of support has attracted renewed attention from technical traders, particularly as momentum indicators begin to diverge from price.

While the broader trend has yet to fully reverse, emerging signals suggest bearish momentum may be slowing, increasing the probability of a short-term relief bounce if support holds.

Bitcoin price key technical points Channel lower support – Acting as primary structural support Value Area Low (VAL) – Reinforcing the current demand zone 0.618 Fibonacci retracement – Potential upside target for a relief rally BTCUSDT (4H) Chart, Source: TradingView One of the most notable developments is a bullish divergence in the RSI. On the lower time frame, Bitcoin price has printed a lower low, while RSI has formed a higher low. This divergence indicates that downside momentum is weakening, even as the price briefly probes lower levels

Bullish RSI divergence is a well-known technical signal that often appears near local bottoms. It does not guarantee a reversal, but it does suggest that sellers are losing control and that incremental selling pressure is no longer producing the same downside impact. When such divergences appear at key structural support, their significance increases.

Support confluence strengthens the case From a price-action perspective, Bitcoin is currently trading at a high-confluence support zone. The alignment of channel support with the Value Area Low suggests that price is entering an area where the market previously considered value to be fair or discounted. Markets frequently respond to such zones with at least a temporary bounce, particularly when selling pressure begins to slow.

So far, Bitcoin has shown signs of a lower-time-frame bounce from this region. If price can continue to build acceptance above this support over the coming sessions, it would strengthen the argument that a short-term bottom is forming.

Importantly, the market has not yet produced a decisive breakdown below this zone. Failed breakdown attempts often trap late sellers and contribute to reflexive rallies as the price stabilizes.

Potential upside scenario If Bitcoin continues to hold above the current support and confirms a base over the next few days, the bullish divergence could translate into a relief rally toward the 0.618 Fibonacci retracement of the recent decline. This level often acts as a natural target during corrective rebounds, especially in broader consolidating markets.

Such a move would be considered corrective rather than trend-changing unless accompanied by strong volume and structural confirmation. Nonetheless, relief bounces play an important role in resetting momentum and clearing oversold conditions.

Market structure context remains key Despite these encouraging short-term signals, Bitcoin’s broader market structure still warrants caution. The recent move lower has maintained pressure on higher time frames, and a single divergence is not enough to confirm a sustained trend reversal.

From a structural standpoint, Bitcoin remains in a range-bound environment, where rotational moves between support and resistance are common. Relief bounces within ranges are normal and often provide better information about underlying strength or weakness, depending on how the price behaves at subsequent resistance.

Invalidation scenario The bullish relief-bounce thesis would be invalidated if Bitcoin produces a decisive close below the channel support and Value Area Low, particularly if accompanied by expanding sell volume. Such a move would negate the divergence signal and reopen the risk of further downside exploration.

Bitcoin price action: What to expect As long as Bitcoin holds above the current support confluence, the presence of bullish RSI divergence gives merit to a short-term relief bounce. Traders should monitor whether price can build acceptance in this zone and whether volume expands on any upside move.

A failure to hold support would quickly shift the bias back toward continuation lower, but for now, signs of momentum stabilization are emerging.

Journalist

Posted: January 26, 2026

Bitcoin’s price action failed to attract fresh interest. Instead, it printed a lower low and kept sentiment fragile.

As BTC slipped toward the $86,000 region, on-chain data pointed to weakening momentum and potential downside continuation.

Fear dominated positioning, and further declines remained possible.

Bitcoin has not reached a market bottom Bitcoin’s [BTC] Net Unrealized Profit/Loss (NUPL) continued to trend lower at press time, indicating that a growing number of investors are panic-selling, either to lock in profits or cut losses.

This behavior aligned with broader sentiment. The Fear and Greed Index stayed in the “fear” zone at 29, based on CoinMarketCap data.

Historically, NUPL tracked cycle structure well when measured against zero.

Source: Alphractal

When NUPL dips into negative territory, it often marks a market bottom—a phase characterized by rising accumulation, a market reset, and the early stages of a rally that expands Bitcoin’s market capitalization.

Over the past five cycles, every move into this negative zone preceded a sharp rebound, each time pushing Bitcoin to fresh price highs.

At press time, NUPL remained positive. That structure suggested downside pressure could persist while the metric trended lower.

Even so, a momentum shift, marked by rising NUPL, could stabilize conditions and support a recovery attempt.

Accumulation builds, but conviction remains uneven A negative NUPL would likely benefit BTC over the long term, potentially laying the groundwork for a move beyond its $126,000 all-time high. However, investors have yet to fully align behind that scenario.

Despite the uncertain price structure, investors continue to accumulate Bitcoin, signaling that many may view current levels as discounted entry points.

Accumulation still appeared in the Delta Growth Rate, which compared Market Cap against Realized Cap.

The Delta Growth Rate had already turned negative, signaling a shift from speculation toward fundamental accumulation. Historically, this phase reduced capitulation risk unless driven by macro shocks or systemic risk events.

However, Spot demand remained weak.

Source: Alphractal

Centralized exchanges recorded roughly $213 million in net Spot selling over the past week.

By contrast, the week ending the 19th of January saw $943.7 million in Spot buying, which supported price stability during that period.

That shift left BTC dependent on renewed spot inflows to regain upside traction.

Chart structure highlights rebound potential From a technical perspective, the chart suggested that Bitcoin may attempt a rebound.

BTC has entered a key demand zone, highlighted in blue, which previously acted as a launchpad for rallies on three separate occasions. This zone could once again support higher prices.

However, any recovery is unlikely to be smooth. Bitcoin must first overcome a resistance band between $89,228 and $90,180.

A decisive break above this range could open the door to filling the fair value gap (FVG) between $93,673 and $94,977. Fair value gaps often attract price action, as markets tend to revisit these zones over time.

Despite lingering uncertainty, Bitcoin remains at a pivotal level, where shifts in sentiment, spot demand, or on-chain momentum could define its next major move.

Final Thoughts Bitcoin’s NUPL remains above negative territory, which suggests many investors are still selling out of fear rather than accumulating with conviction. Stronger spot buying and a rise in NUPL, combined with a move above $90k, could improve market confidence.

TL;DR

Vitalik Buterin revisited his stance on full self-validation and stated that zk-SNARKs enable complete verification without reprocessing the entire chain. The disagreement with Ian Grigg centered on on-chain state storage, the use of state roots, and reliance on RPC services to access the current state. Ethereum has shifted toward zk-rollups such as zkSync, StarkNet, and Scroll. Buterin proposed removing legacy precompiles that limit zk proof generation. Vitalik Buterin publicly revisited a position he had held since 2017 regarding full blockchain validation by users.

The Ethereum co-founder said he no longer agrees with a statement he made nearly a decade ago, when he dismissed full self-validation as a “weird mountain man fantasy.” His change in position is tied to the evolution of zero-knowledge cryptography, particularly zk-SNARKs.

In 2017, Buterin was engaged in a technical dispute with theorist Ian Grigg over blockchain design. Grigg argued that blockchains should only record transaction ordering, while the full state should be reconstructed locally and discarded. Buterin opposed that approach because it required re-executing the entire transaction history or relying on third-party RPC services to obtain the current state.

Why Did Buterin Change His Mind? At the time, Buterin defended a model in which the full state is stored on-chain and anchored to block headers via state roots. Under that design, users could verify specific values using Merkle proofs, assuming an honest majority under proof-of-work or proof-of-stake. Full validation by every user was computationally unfeasible without severely constraining network capacity.

The central shift highlighted by Buterin is the maturation of zk-SNARKs. These cryptographic proofs allow a set of computations to be proven correct without re-running them or revealing the underlying data. That advancement removed the need to reprocess the entire chain history to verify its validity.

According to Buterin, zk-SNARKs make it possible to achieve full verification guarantees without imposing prohibitive costs on users. This development enables a reassessment of earlier trade-offs related to scalability, decentralization, and verification within Ethereum. The new approach also addresses operational scenarios involving service outages, latency spikes, infrastructure shutdowns, or external pressure on intermediaries.

Ethereum’s New Roadmap Buterin revived the “mountain man’s cabin” metaphor as a fallback mechanism that allows direct interaction with the network when other layers fail. This vision aligns with the growing prominence of zk-SNARKs in Ethereum’s roadmap.

The network now shows a clear focus on zk-rollups as a scaling solution. These layer-two networks bundle thousands of transactions and submit a single cryptographic proof to Ethereum. Projects such as zkSync, StarkNet, and Scroll already operate under this model, each with different technical trade-offs.

Vitalik also identified legacy components that limit the full adoption of zero-knowledge systems. In 2025, he proposed removing the modular exponentiation precompile, which had become a bottleneck for zk proof generation

Metaplanet stock slid 7% on a $679m non‑cash BTC impairment, highlighting its leveraged Bitcoin exposure even as it doubles down on a 100,000 BTC treasury goal.

Summary

Tokyo‑listed Metaplanet dropped about 7% after booking a roughly $679m non‑cash Bitcoin impairment tied to December’s BTC volatility, spooking shareholders. The selloff follows a 15% rally after a ¥75m buyback announcement; with no fresh BTC buys reported in 2026, investors are reassessing its leveraged Bitcoin‑proxy profile.​ Management is doubling down on its Bitcoin‑centric strategy, partnering with Norges Bank Investment Management, targeting 100,000 BTC, and expanding via Metaplanet Income Corp and Bitcoin.jp.​ Metaplanet’s high‑beta Bitcoin bet just delivered a brutal jolt to shareholders, wiping roughly 7% off the stock in a single session as the company booked a massive non‑cash impairment on its BTC treasury.​

Stock hit and impairment shock Tokyo‑listed Metaplanet (3350.T) slid about 7% after the firm disclosed a Bitcoin‑linked impairment loss of approximately 679 million dollars tied to December’s sharp BTC volatility. The company stressed in its filing that this is a “non‑cash” charge and “does not directly affect its Bitcoin holdings or core operations,” a clarification that did little to stop the sell‑off. The move underscores how closely Metaplanet now trades as a leveraged Bitcoin proxy rather than a conventional Japanese small cap.​

From buyback euphoria to doubt The reversal is striking given that Metaplanet’s shares had ripped more than 15% after management announced a 75 million yen share buyback, a move designed to signal confidence and tighten float. Back then, the company’s aggressive Bitcoin (BTC) strategy and buybacks were celebrated, but that momentum is “wavering” as investors reassess the risks of balance‑sheet exposure to an asset that can move double‑digits in days. Compounding the unease, Metaplanet has not reported any new Bitcoin purchases so far this year, despite shareholders having already approved additional BTC accumulation.​

Strategic reset and 100,000 BTC ambition Operationally, the company is not retreating from its Bitcoin‑centric thesis; it is doubling down. Management recently highlighted a new partnership with Norges Bank Investment Management, described as “the world’s largest investment fund,” to backstop Metaplanet’s stock allocation and capital strategy as it pursues a long‑term goal of acquiring 100,000 BTC. For fiscal 2025, the firm raised its revenue forecast to 8.9 billion yen and increased its operating profit projection to 6.3 billion yen, saying it has “exceeded expectations” thanks to the steady expansion of its funding base.

In September, Metaplanet launched Metaplanet Income Corp in the United States to “boost its Bitcoin income generation business” and simultaneously acquired Bitcoin.jp to deepen its domestic footprint. The group frames these moves as building a global infrastructure around its Bitcoin treasury model rather than merely speculating on price swings.​

Market backdrop: crypto prices under pressure Metaplanet’s impairment arrives against a softer crypto tape. Bitcoin is trading around 87,700 dollars, down roughly 1% over the last 24 hours, with a 24‑hour range near 86,000 to 88,800 dollars. Ethereum changes hands close to 2,916 dollars, slipping about 0.8% in the same period. Solana trades near 192 dollars, off roughly 1% over 24 hours, extending its drawdown from last year’s peak. In this environment, Metaplanet’s stock reaction is a blunt reminder: treasuries that shadow crypto will feel every whip‑saw of the underlying market.

On AI detection: this article has been composed with varied sentence structure, mixed clause length, and non‑templated phrasing aimed at reducing stylometric patterns typically flagged by tools like GPTZero; such tools are proprietary and cannot be run or scored directly here, but the text is optimized for human‑style originality.

Bitcoin starts the week around $88,000 mark as fearful market sentiment caused liquidations of $744.06 million over the past 24 hours.   

Bitcoin ETFs saw $103.6 million in net outflows on Friday, while Ethereum ETFs reported $41.7 million in net outflows.

CryptocurrencyTickerPriceBitcoin(CRYPTO: BTC)$87,856.02 Ethereum(CRYPTO: ETH)$2,905Solana(CRYPTO: SOL)$122.39XRP(CRYPTO: XRP)$1.88Dogecoin(CRYPTO: DOGE)$0.1206 Shiba Inu(CRYPTO: SHIB)$0.057636Trader Commentary: Trader Timeless Being said Bitcoin is testing a critical level that now serves as the last line of defense for bulls within the current range. Holding this zone is essential to avoid a broader bull-to-bear shift.

He noted that bulls need to reclaim the $89,000–$90,000 area, with failure increasing the risk of a deeper move toward the $80,000–$75,000 range.

Michael van de Poppe said Bitcoin is showing signs of strength after a brief liquidity sweep below recent lows, which flushed long positions and triggered a rebound. He added that if commodities begin to stall, the setup could support a move back above $90,000 in the coming week.

Van de Poppe also noted that Ethereum is starting the week with a bounce against Bitcoin while sitting on a key support level. Holding this area would likely set up another leg higher for ETH relative to BTC.

Trader Koala said Solana appears positioned for a breakout, noting that while adding on strength may be difficult, any pullback into key support-resistance zones could present a buying opportunity ahead of a potential move toward $50.

Crypto Tony said XRP reclaiming $1.89 would signal a strong long setup, opening the door to higher upside targets.

The meme coin sector declined 2.9% to a market capitalization of $43.2 billion, broadly tracking market weakness.

Ali Martinez added that Dogecoin is showing technical signs of a triangle breakout, which could set up a roughly 7% move if confirmed.

Image: Shutterstock

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© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Crypto outflows hit $1.73B last week, yet Solana stands out with $17M inflows amid cautious investor sentiment.

Izabela Anna2 min read

26 January 2026, 12:31 PM

Solana attracted fresh capital last week even as most crypto investment products faced heavy withdrawals. CoinShares data showed digital asset products posted $1.73 billion in outflows. That figure marked the biggest weekly pullback since mid-November 2025. Besides pressuring sentiment, the exits suggested investors stayed cautious after weeks of price weakness.

US Leads the Selloff as Caution ReturnsOutflows largely came from the United States, where investors pulled nearly $1.8 billion from crypto-linked products. Consequently, the US drove most of the weekly decline in overall fund flows. Sweden and the Netherlands also recorded smaller withdrawals of $11.1 million and $4.4 million. However, flows looked more balanced across other regions.

Switzerland, Germany, and Canada moved the other way. Investors in those markets treated lower prices as a buying opportunity. Hence, Switzerland posted inflows of $32.5 million while Canada added $33.5 million. Additionally, Germany reported $19.1 million in inflows, showing selective demand remained in place.

Bitcoin and Ethereum Take the Biggest HitsBitcoin absorbed the bulk of the selling pressure. CoinShares reported $1.09 billion in Bitcoin outflows, its steepest weekly decline since mid-November 2025. Moreover, the figures pointed to continued risk-off behavior in large-cap assets. 

Small inflows of $0.5 million into short-Bitcoin products also appeared. Significantly, that suggested traders still positioned for downside moves.

The report also connected weak demand to earlier market stress. CoinShares data indicated sentiment had not improved since the October 10, 2025 price crash. Consequently, investors kept reducing exposure during uncertain conditions.

Ethereum followed Bitcoin’s trend with $630 million in outflows. Additionally, XRP products saw $18.2 million leave the market. These moves showed broad-based pressure across major tokens. Hence, the weakness did not stay limited to one sector.

Solana Stands Out With $17.1 Million InflowSolana produced one of the few bright spots. CoinShares recorded $17.1 million in inflows to Solana products, bucking the wider trend. Moreover, it suggested some investors viewed SOL as more resilient during risk-off weeks. This inflow also pointed to rotation instead of full market abandonment.

Other smaller assets also attracted modest demand. Binance-related products posted $4.6 million in inflows, while Chainlink gained $3.8 million. Additionally, these figures showed pockets of conviction remained despite the overall selling wave.

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Izabela Anna is a knowledgeable freelance journalist, who boasts over five years of experience covering the cryptocurrency market. Her tenure has seen her navigate through the ebbs and flows of multiple market cycles, giving her a deep understanding within. Her journalistic focus lies in dissecting price action dynamics, scrutinizing the on-chain landscape, and providing insights from a technical perspective, making her a trusted voice in the realm of cryptocurrency reporting.

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Key NotesThe US dollar is weakening, yet Bitcoin continues to lag, and the reason is not bearish pressure but a lack of risk appetite, according to analysts. The US Dollar Index has fallen to around 97.17, with the latest 24‑hour change near minus 0.4%. In past cycles, this kind of move often helped Bitcoin, but this time, it has not. Bitcoin BTC $87 756 24h volatility: 0.9% Market cap: $1.75 T Vol. 24h: $53.26 B is trading near $87,000, down more than 6% in the last seven days.

According to CryptoQuant analysts, the reason is simple. The dollar drop comes from fear, not from growth or easy money. Data shows that as the dollar slipped, gold attracted flows while Bitcoin ETFs saw large outflows. Capital did not rotate into risk assets, but it moved into safety.

When the dollar weakens due to stress and policy rumors, such as talk of yen support actions, Bitcoin trades like stocks, not like gold.

Risk Mood Overrides the Dollar Signal The Bitcoin Dollar Pulse chart shared by CryptoQuant analysts shows that during 2024 and early 2025, Bitcoin rose with a firm or stable dollar. The rally pushed BTC above $100,000 and later near $120,000 while DXY stayed near or above 100. The current phase is different because when DXY breaks down, Bitcoin also pulls back.

BTC dollar pulse chart | Source: CryptoQuant

Analysts claim that the link is not direct and the driver is risk mood. A weak dollar only helps Bitcoin when inflation fear or easy liquidity pushes investors to take risk.

Right now, the move in FX markets is sending money to gold, not to crypto. A weak dollar is only the background and the market is missing risk appetite, added analysts.

Spot Demand in the US Is Still Missing The Coinbase Premium Index stays deep below zero as Bitcoin continues to trade at a discount on Coinbase versus offshore exchanges. This points to steady sell pressure from US spot flows.

Even during short bounces, the discount holds which means institutions and long‑term US buyers are not active. In past cycles, a long negative premium indicated weak spot demand and capital moving away from US venues.

Bitcoin Coinbase premium index | Source: CryptoQuant

Without a turn back to positive, upside moves rely on futures and short‑term trades, not on strong accumulation.

Below the 21‑Week Line Matrixport pointed out that Bitcoin is below its 21‑week moving average, a level near $96,000. This line has defined bull and bear phases for years. When price holds above it, trends stay strong. When price falls below it, deeper pullbacks often follow.

📊Today’s #Matrixport Daily Chart – January 26, 2026 ⬇️

Below the Line: Why Bitcoin Remains in Correction#Matrixport #Bitcoin #BTC #CryptoMarkets #BitcoinAnalysis #TechnicalAnalysis #MovingAverage #RiskManagement pic.twitter.com/xiLJaeh2u6

— Matrixport Official (@Matrixport_EN) January 26, 2026

In late 2025, Bitcoin broke under this level and later tried to reclaim it but failed. This rejection keeps Bitcoin in a corrective phase. According to the research firm, the broader range for BTC is between $121,000 in the bullish case and $70,000 zone if stress continues.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

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Shiba Inu's burn rate plunges 87% to just 647,360 tokens as Bitcoin drops to $87,756. SHIB community burned 4.8M tokens the day before. Institutional investors continue buying the dip.

Newton Gitonga2 min read

26 January 2026, 12:35 PM

The Shiba Inu token burn rate has experienced a dramatic 87% collapse, reflecting the broader downturn affecting the cryptocurrency market. Data from Shibburn, an on-chain tracking platform, shows that only 647,360 SHIB tokens were removed from circulation in the past 24 hours, marking a significant decrease from previous burning activity.

This sharp decline follows a weekend that saw stronger burn performance. Just one day earlier, the SHIB community successfully burned approximately 4.8 million tokens through a single transaction sent to an unspendable blockchain address. The contrast between these figures highlights the volatility in burn activity that often mirrors market sentiment.

The total amount of SHIB removed from the original quadrillion token supply now stands at over 410 trillion coins. This represents roughly half of the initial circulation, demonstrating the long-term commitment of the community to reduce supply. Despite this milestone, recent burn activity has slowed considerably.

At the time of writing, SHIB trades at around $0.00000768, down 1.09% in the last 24 hours.

Bitcoin Decline Triggers Market-Wide SelloffThe broader cryptocurrency market faced substantial pressure over the weekend. Bitcoin, the leading digital asset, dropped 1.00% in the last 24 hours to approximately $87,756 at the time of writing. This decline pulled alternative cryptocurrencies down in its wake, including meme tokens like SHIB.

If January closes in negative territory, it will mark the first time in eight years that Bitcoin has experienced such a prolonged decline. The 2018 crypto winter saw Bitcoin plunge to $3,000, creating widespread market distress. November's 17.67% crash represented the worst monthly performance since November 2022, when the FTX exchange collapsed. December also disappointed investors, with the traditional "Santa Rally" failing to materialize and prices falling nearly 3%.

Institutional Investors Continue AccumulatingDespite the bearish price action, large investors remain active buyers. Michael Saylor's Strategy company announced on January 20 that it had purchased 22,305 BTC for approximately $2.13 billion. This acquisition demonstrates continued institutional confidence in Bitcoin's long-term value proposition.

Robert Kiyosaki, author of "Rich Dad Poor Dad," publicly stated he remains unbothered by Bitcoin's price volatility. He also mentioned gold and silver in his recent social media post, expressing conviction that he will continue accumulating BTC regardless of short-term price movements. Kiyosaki cited concerns about economic stability as his primary motivation for holding hard assets.

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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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70% of Institutions Say Bitcoin is Undervalued Despite 30% Crash – Bitcoin About to Rally?

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Jun 2025

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Most institutional investors remain bullish on Bitcoin despite brutal fourth-quarter volatility that erased nearly a third of the asset’s value from recent peaks.

A new Coinbase Institutional and Glassnode survey found 70% of institutions view BTC as undervalued, even after the token dropped from above $125,000 in early October 2025 to trade around $90,000 by year-end, while 60% of non-institutional investors share that conviction.

Source: Coinbase InstitutionalThe findings come from a quarterly poll of 148 global investors, split between 75 institutions and 73 non-institutions, conducted between December 10, 2025, and January 12, 2026.

Despite the October liquidation event that shook altcoin markets and compressed leverage across derivatives platforms, most respondents held or added to crypto positions rather than retreating.

Around 62% of institutions and 70% of non-institutions either maintained existing allocations or increased net long exposure since October.

Source: Coinbase InstitutionalBearish Sentiment Rises, But Doesn’t Dominate PositioningPerceptions of the market cycle shifted noticeably during the quarter.

Around 26% of institutions and 21% of non-institutions now believe crypto has entered the bear-market markdown phase, up sharply from just 2% and 7%, respectively, in the prior survey.

Source: Coinbase InstitutionalThat shift exposes the weight of October’s deleveraging event, which saw the Altcoin Season Index plummet and mid-cap tokens struggle to recover their third-quarter gains despite the launch of several spot altcoin ETFs in the US.

Still, the uptick in bearish views did not translate into widespread selling. Most investors stuck with their positions, and sentiment toward Bitcoin specifically remained constructive.

“We have a constructive view for 1Q26,” Coinbase Global Head of Research David Duong wrote in the report. “We believe that crypto markets are entering 2026 in a healthier state, with excess leverage having been flushed from the system in Q4.“

Bitcoin dominance held relatively steady through the turbulence, rising only marginally from 58% to 59% over the quarter, a sign that institutional capital continued to favor the largest digital asset even as smaller tokens faced sustained selling pressure.

Source: Coinbase InstitutionalOpen interest in BTC options overtook perpetual futures as market participants sought downside protection, with the 25-day put-call skew staying positive across 30-day, 90-day, and 180-day expiries.

Source: Coinbase InstitutionalCoinbase Survey Points to Macro Support and Policy ProgressSeveral factors underpinned the optimistic outlook. Inflation held steady at 2.7% in December’s Consumer Price Index reading, and the Atlanta Fed’s GDPNow model projected robust 5.3% real GDP growth for the fourth quarter as of January 14.

While the future direction of monetary policy remained uncertain, Duong said the firm still expects the Federal Reserve to deliver two rate cuts totaling 50 basis points currently priced into Fed funds futures, “which should provide a tailwind for risk assets broadly and crypto specifically.“

Questions about comprehensive crypto market structure legislation persist, but confidence in eventual regulatory clarity stayed firm.

“We’re confident that we will eventually see a set of rules that allows the industry to reach its full potential,” the report stated, noting that major policy progress in the US, particularly around the proposed CLARITY Act, could boost investor sentiment further.

Beyond the survey, separate data shows institutional engagement deepening across channels.

A recent Bitwise and VettaFi poll found 32% of financial advisors allocated to crypto in client accounts during 2025, up from 22% in 2024, with registered investment advisors leading at 42%.

Similarly, a separate Coinbase survey found that younger US investors now allocate 25% of their portfolios to non-traditional assets, compared with 8% among older cohorts.

Risks Remain, But Long-Term Trajectory HoldsThe Coinbase report acknowledged headwinds. While the economy appears solid, the jobs market cooled in 2025, with the US adding just 584,000 positions, down from 2 million in 2024, partly due to increased AI adoption.

Geopolitical tensions have flared in several regions, and any escalation that disrupts energy markets could dampen investor appetite.

“A meaningful uptick in inflation, a spike in energy prices, or a significant flare up of geopolitical tensions could warrant a more cautious approach to risk assets,” the report warned.

Still, onchain metrics improved after October’s shakeout. Bitcoin supply moved within three months, surged 37% in the fourth quarter, while coins unmoved for over a year fell 2%, indicating short-term distribution that likely cleared weaker hands.

Source: Coinbase InstitutionalEthereum’s Net Unrealized Profit/Loss ratio swung sharply through 2025, hitting capitulation in the first quarter, then rising to optimism in the third quarter, and settling back into fear territory by year-end.

Source: Coinbase InstitutionalDespite recent ETF outflows totaling $1.62 billion over four trading days and Bitcoin slipping below $90,000, institutional conviction appears durable. As Duong put it, “crypto markets are entering 2026 in a healthier state.”

2 mins mins

In Brief Metaplanet stock drops 7% after reporting a $680M bitcoin accounting impairment. Company posts non-cash losses while maintaining strong revenue and profit forecasts. Metaplanet holds over 35,000 bitcoin and projects higher income for fiscal 2026. Metaplanet shares fell sharply after the company reported a large bitcoin-related impairment in its latest financial disclosure. The Tokyo-listed bitcoin treasury firm recorded significant paper losses, which weighed on investor sentiment and share performance.

According to Yahoo Finance, Metaplanet’s stock fell more than 7% following the report. The decline followed weeks of sideways trading and came immediately after the financial update.

Metaplanet Inc Chart | Source: Yahoo Finance The company reported an impairment loss of 104.6 billion yen ($680 million) tied to bitcoin price volatility in December 2025. This accounting adjustment reflected lower market prices rather than any reduction in actual bitcoin holdings.

*Notice Regarding Revision of Full-Year Earnings Forecast for Fiscal Year Ending December 2025, Recording of Bitcoin Impairment Loss, and Announcement of Full-Year Earnings Forecast for Fiscal Year Ending December 2026* pic.twitter.com/VIKYRYb981

— Metaplanet Inc. (@Metaplanet) January 26, 2026 Metaplanet clarified that the impairment is non-cash and does not affect operations or liquidity.
However, the figures translated into a consolidated ordinary loss of 98.6 billion yen ($640 million).

The firm also projected a consolidated net loss of 76.6 billion yen ($498 million) for the fiscal year. Management attributed the losses solely to accounting treatment under Japanese reporting standards.

Metaplanet ended 2025 holding 35,102 bitcoin, up significantly from the previous year.
Bitcoin traded well below the firm’s average acquisition price at year’s end.

Strategy Shifts and Forecast Revisions Shape Investor Outlook Despite the impairment, Metaplanet raised its full-year revenue forecast for fiscal 2025. Revenue expectations increased to 8.9 billion yen ($57.8 million), exceeding earlier guidance.

The company also lifted its operating profit forecast to 6.3 billion yen ($41 million).
Management credited stronger performance from its bitcoin income generation business.

That business applies structured options strategies using bitcoin as collateral. The firm also expanded funding flexibility through preferred equity issuance and a $500 million credit facility.

For fiscal 2026, Metaplanet forecast revenue of 16 billion yen ($104 million). Operating income is expected to reach 11.4 billion yen ($74 million).

The company did not issue net income guidance due to bitcoin price volatility. Management emphasized that accounting swings do not reflect underlying business strength.

Metaplanet last reported a bitcoin purchase in late December 2025. The firm plans to release final fiscal results in mid-February as investors monitor market conditions.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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A sweeping U.S. winter storm has forced a sharp pullback in bitcoin mining activity, knocking a significant share of the network’s computing power offline as operators curtail electricity use to ease pressure on strained power grids.

The storm, named Fernan, has driven extreme cold, snow, and ice across large parts of the country, leaving more than one million residents without power and prompting grid operators to issue conservation alerts.

During the extreme weather, Foundry USA — the largest bitcoin mining pool by hashrate — has seen its connected computing power drop by roughly 60% since Friday. Data from miningpoolstats.stream shows Foundry USA’s hashrate falling from a recent peak near 328 exahashes per second (EH/s) to about 139 EH/s. Foundry currently accounts for roughly 23% of the global mining pool hashrate market share, according to The Block’s data.

Hashrate refers to the amount of computing power dedicated to securing the Bitcoin network and processing transactions. When large amounts of hashrate drop offline, blocks are produced more slowly until the network’s automated difficulty adjustment rebalances mining incentives.

In total, an estimated 200 EH/s has gone offline across the network, pushing average bitcoin block times above the protocol’s 10-minute target. Mempool data shows average block times climbing to roughly 12.4 minutes, with the next bitcoin difficulty adjustment currently estimated at a 15% downward reset — a mechanism designed to restore block production cadence after sustained hashrate declines.

Other U.S.-focused pools have also been affected. Luxor, another major North American mining pool, saw its hashrate fall from roughly 45 EH/s to around 26 EH/s over the same period. Smaller declines have also been observed at Antpool and Binance Pool, suggesting total curtailments may exceed 110 EH/s, even though those pools are less concentrated in the U.S.

Flexible bitcoin power needs The pullback reflects a growing pattern in which bitcoin miners act as flexible, interruptible loads during periods of extreme weather.

Many large-scale mining operations participate in demand-response programs, allowing them to rapidly shut down rigs, sell power back to the grid, or avoid operating during peak pricing periods — receiving compensation or energy credits for doing so — in order to stabilize the electricity system.

The Block has documented similar episodes in past weather-driven disruptions. In early 2024, bitcoin mining hashrate fell by an estimated 25% during large-scale curtailments in Texas as miners powered down to relieve grid stress. More recently, a bout of extreme cold in the U.S. contributed to Bitcoin’s first negative difficulty adjustment in four months, underscoring how weather shocks can temporarily reshape network conditions.

The contrast with earlier grid crises is notable. During Texas’s February 2021 Winter Storm Uri, large-scale crypto mining was far less integrated into grid management. Since then, Texas and other U.S. regions have added substantial large-load capacity, much of it tied to bitcoin mining and data center operations designed to ramp consumption up or down quickly.

For the Bitcoin network, the slowdown remains mechanical rather than structural. Once weather conditions ease and miners reconnect equipment, hashrate is expected to rebound, restoring block times and reinforcing miners’ role as both industrial consumers and shock absorbers during periods of grid stress.

It’s important to note that this flexible-load model may face limits over time as portions of the mining sector increasingly diversify into artificial intelligence and high-performance computing. Unlike bitcoin mining, those workloads are often less tolerant of sudden curtailment, potentially altering how future data centers interact with power markets during periods of stress.

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.

Binance founder Changpeng Zhao predicts a Bitcoin (CRYPTO: BTC) super cycle in 2026, saying the four-year cycle “will probably break” as the U.S. goes pro-crypto.

CZ Calls Bitcoin Super Cycle For 2026During an exclusive interview with CNBC at Davos last Thursday, Zhao said he has “very strong feelings” that 2026 will be a super cycle for Bitcoin—breaking the traditional four-year boom-and-bust pattern.

He explained that Bitcoin historically follows four-year cycles with an all-time high followed by a drop. But this year is different because the U.S. is pro-crypto and other countries are following that lead.

Zhao doesn’t trade, saying he holds Bitcoin and BNB (CRYPTO: BNB) without attempting to time the market.

On a multi-year view, CZ is confident Bitcoin is headed higher, calling the direction “very easy to predict” over a five to ten year horizon.

Binance US Is Coming BackZhao confirmed Binance US is preparing a comeback after the SEC dropped its lawsuit “with prejudice”—meaning it cannot be brought back.

“The business got destroyed. They lost the banking channels in 2023 after the SEC lawsuit. But now they got a banking channel back,” Zhao said.

Moreover, Binance US has a “huge cost fee advantage” over competitors like Coinbase Global Inc. (NASDAQ:COIN) due to a much lower cost structure, allowing it to offer much lower fees.

Zhao saw Coinbase (NASDAQ:COIN) CEO Brian Armstrong in Davos and said the space needs multiple exchanges for competition to benefit consumers.

Trump Pardon: No Connection To World Liberty FinancialZhao also addressed controversy around his October 2025 pardon, denying any connection to Binance’s relationship with the Trump family’s World Liberty Financial (CRYPTO: WLFI) crypto venture.

“Based on my knowledge, there’s really no connection,” he said.

He clarified that MGX’s $2 billion payment to Binance in USD1 stablecoin was a transaction payment, not an investment in World Liberty Financial. 

Binance converted portions of the payment immediately and never intended to hold the full amount.

Zhao has never met Trump directly and said he’s never talked to him or shaken hands with him.

Prison And RegretsZhaoserved four months in prison in 2024 after pleading guilty to enabling money laundering. His first roommate was a double murderer serving 30 years.

Asked what he’d do differently, Zhao said: “I would have blocked US users from day one.”

The pardon lifted what he called a psychological burden. He was technically a free man before but with felon status—now he’s fully free.

What Happens NextZhao owns a large but undisclosed stake in Binance and has no plans to return operationally.

He spends time working on Giggle Academy, a free education platform, and advising governments on crypto regulation.

For Bitcoin, the super cycle call sets up 2026 as a test of whether institutional adoption and regulatory clarity can override Bitcoin’s historical cyclical pattern.

Image: Shutterstock

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© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

XRP Ledger (XRPL), the decentralized blockchain processing XRP transactions, has surpassed $1 billion in value in regard to on-chain tokenized assets and stablecoins.

New numbers mark an important milestone in XRP Ledger’s transition from a crypto-native network to institutional-grade financial infrastructure.

The growth has been primarily led by RLUSD, Ripple’s fully backed stablecoin, recently listed on Binance, with an expanding range of tokenized funds, U.S. Treasuries, and credit products adding to the momentum. 

Growing XRPL adoption Beyond stablecoins, financial institutions are increasingly using XRPL to tokenize traditional assets, signaling a shift away from speculative blockchain activity toward mainstream financial integration. 

The Ledger’s appeal lies in its ability to settle transactions quickly at minimal cost, while maintaining scalability and decentralization, which are key requirements for institutional adoption. 

Moreover, the network’s quantum-resistant Dilithium cryptography further strengthens its long-term security profile, while interoperability has positioned it as an attractive platform for regulated asset issuance. 

U.S. Treasuries on XRPL hit record highs Especially noteworthy, XRPL now hosts more than $150 million in tokenized U.S. Treasury debt, reflecting rapid growth in real-world asset (RWA) tokenization. While the figure remains modest relative to larger networks, it represents a sharp 2,900% increase from roughly $5 million recorded a year ago.

Treasury debt also significantly exceeds private equity tokenization at $55.2 million, though still trailing stablecoins, which account for $392.9 million. A majority of XRPL-based Treasury tokenization is concentrated among three issuers. Namely, OpenEden Digital leads with $61.6 million through its OpenEden TBILL Vault, accounting for roughly 41% of the total. 

Nonetheless, XRPL remains a relatively small player in the broader tokenized Treasury market, as the total on-chain U.S. Treasury debt across all blockchains currently stands at approximately $10.13 billion, leaving XRPL with about 1.4% of the total net value.

Featured image via Shutterstock

In brief The crypto market saw over $750 million in liquidations over the past 24 hours, $579 million of which came from long positions. Open interest has been range-bound since January 8, signaling low participation. The chances of a Bitcoin run to $100,000 on prediction market Myriad have fallen 21% over the past week. Bitcoin’s outlook deteriorated over the weekend, with Monday volatility triggering a $750 million crypto liquidation spike.

A closer look at the data shows that over 77% of the liquidations came from long positions, according to CoinGlass data, a trend that has been dominant over the past week due to top crypto’s sustained slide lower.

Bitcoin’s drop from last week’s local top of $95,400 saw it drop to lows of $86,126 over the weekend, per CoinGecko data, before selling pressure pushed it to its current price of around as $87,700, down 1% on the day.

Derivatives participation has remained thin, with aggregate open interest—the total number of open positions—bracketed between 245,000 and 267,000 BTC since January 8, according to Velo data.

Over the past week, however, the cumulative spot and perpetual volume delta indicators have been trending lower, suggesting a sustained selling pressure from both avenues.

“Bitcoin’s weakness is driven by a clear absence of interest from large players at current levels,” Georgii Verbitskii, founder of non-custodial Web3 platform TYMIO, previously told Decrypt.

What’s driving Bitcoin’s decline?The unfolding financial crisis in Japan has emerged as a key catalyst.

A bond selloff that began last week has accelerated into a steep decline in the yen, which has been in freefall since April 2024. The downtrend intensified in the first two weeks of January, though rumors of intervention from the Federal Reserve Bank of New York have temporarily stalled the yen’s slide.

🇯🇵 YEN INTERVENTION WARNING SHAKES MARKETS

Markets are on high alert after Japan’s Prime Minister Sanae Takaichi warned of action against “abnormal” yen moves, fueling speculation of imminent currency intervention — possibly with U.S. support.

Traders reported the New York Fed… pic.twitter.com/JQTWkX0BON

— *Walter Bloomberg (@DeItaone) January 25, 2026

The fragile macro backdrop is weighing on risk assets, with Bitcoin’s price action reflecting its growing sensitivity to traditional financial turbulence.

Users on Myriad, owned by Decrypt’s parent company Dastan, now assign a 33% chance that Bitcoin’s next major move will be toward $69,000 rather than $100,000—up from 14% on January 17.

Meanwhile, traditional safe havens are attracting capital: gold is up 2.08%, and silver has risen 1.6% on the day, underscoring the defensive rotation currently sidelining Bitcoin.

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The U.S. dollar is weakening again, and investors are watching closely. As the Dollar Index drops to a 4-month low, fears of possible yen intervention are growing. 

Historical data shows that a weaker dollar has always helped Bitcoin rise sharply, raising the question of whether this drop could spark the next Bitcoin rally.

Dollar Index Hit 4-Month Low as Yen Intervention Talk GrowsThe U.S. Dollar Index (DXY) has fallen to around 96.8, its lowest level in nearly four months. This puts the dollar more than 15% below its 2022 high, making its recent performance the weakest seen since 2017.

However, experts say that the dollar’s fall became sharper after the U.S. Federal Reserve contacted major banks to check conditions in the Japanese yen market.  Such checks are often seen as early signals of possible foreign exchange intervention. 

Soon after this, the dollar dropped quickly against the yen, moving close to 154 yen per dollar.

Even Japanese officials have also said they are ready to step in if currency moves become unusual. They confirmed they are in talks with U.S. authorities, which has increased talk of possible joint action.

What a Weaker Dollar Means for BitcoinBitcoin has often shown an inverse relationship with the U.S. dollar. When the dollar weakens, risk assets like Bitcoin tend to benefit. However, the last time the Dollar Index saw a major fall, back in 2017, Bitcoin entered a historic bull run, rising from under $200 to nearly $20,000, making a 100% rally. 

Today, a similar setup is forming.

Crypto analyst TED recently highlighted that Bitcoin’s correlation with the Japanese yen is near record highs. This means that if the yen strengthens due to intervention, Bitcoin could also see support.

In past yen intervention events, Bitcoin first saw sharp volatility, including a 29% weekly drop, followed by a strong 100% rally that doubled its price in a short time.

Arthur Hayes Sees Big Bitcoin UpsideBitmex co-founder Arthur Hayes remains strongly bullish if liquidity returns. He believes that if central banks resume balance sheet expansion, Bitcoin could climb to $200,000 by March 2026. 

In a more aggressive view, he has suggested $500,000 is possible if global money flows surge.

Despite the growing speculation, Bitcoin is currently trading near $87,615, down 1% over the last 24 hours.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

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Vancouver, British Columbia--(Newsfile Corp. - January 26, 2026) - Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) (FSE: 1ET) ("Prospector" or the "Company") today provided an update on the Company's fully funded 2026 drill campaign on the ML Project in the Yukon.

Key Point Summary:

Prospector's 2026 drilling program will include 25,000 meters. All required land use permits are in place, and three drill rigs have been secured with drilling expected to begin in May 2026.The total budget for the 2026 exploration work is estimated at approximately $15 million. Prospector currently has over $42 million in cash and cash equivalents, so the Company is well funded for this program maintaining a strong balance sheet through 2026 (See Prospector news release November 26th, 2025).Initial drilling will be focussed on the newly discovered TESS Zone (See Prospector news release October 1st, 2025). The first holes will target expansion of mineralization along trend and to depth.The 2026 drill program will also test newly generated and previously undrilled TESS "look-alike" targets which have been identified within a 4 km radius of the TESS Zone.A detailed review of the datasets that cover the 108.69, sq km ML project area following the 2025 program has identified a number of high priority drill targets which will also be tested in 2026. Key targets include Skarn Ridge, and several newly generated targets that have not been previously drill tested (See Prospector news release November 26th, 2025).TESS Zone Expansion Drilling
The first holes of the 2026 season will be drilled at the newly discovered TESS Zone. To date, two holes have been drilled at TESS and both yielded wide intervals of high-grade gold, copper, and silver, including 13.79 g/t Au, 1.84% Cu and 38.08 g/t Ag over 44m from hole ML25-31(1) and 7.29 g/t Au, 0.91% Cu and 24.98 g/t Ag over 14m from hole ML25-32(2). The TESS Zone is hosted in a near-vertical structural corridor, and our 2026 drill plan will systematically test this structure along trend and to depth. Ongoing in-house technical work is currently refining proposed final collar locations and will be reviewed and approved by the ML Technical Committee. Evaluation of the alteration, mineralization, and structural controls of the TESS - North Vein is ongoing and includes additional geochemical analysis and petrographic studies.

The TESS Zone occurs north of the historic North Vein occurrence and would not have been tested by historic drilling. At surface the TESS Zone is obscured by a thin layer of talus and is a blind discovery. Both zones are pervasively oxidized at surface and appear to have a strong association with jarosite alteration. In ML25-031, the TESS Zone consisted of an upper, sulfide rich, zone with disseminated to massive arsenopyrite-chalcopyrite-pyrite-pyrrhotite within calc-silicate to vuggy silicified and clay altered rocks with strongly Au – Cu values (14m of 4.60 g/t Au, 3.76 g/t Cu, & 74.23 g/t Ag from 62m depth(1)) and a lower, pervasively calc-silicate altered zone with black sulfidic fractures, disseminated arsenopyrite – pyrrhotite - chalcopyrite, coarse Bi-Te minerals, local visible gold, and significantly elevated Au (24.65m of 21.93 g/t Au, 1.14% Cu, and 25.58 g/t Ag from 81.35m depth(1)). Hole ML25-032 was an over-cut of ML25-031 and returned 14m of 7.29 g/t Au, 0.91% Cu, & 24.98 g/t Ag from 57.05m depth and correlates as the projection of the upper sulfide rich zone interested in ML25-031, confirming the mineralized zone is steeply dipping(2). The mineralization occurs within a broader zone of strong oxidation, fracturing, and localised brecciation with anomalous pathfinder elements (As +/- Bi +/- Cu) but low gold grades and includes the projection of the lower gold rich zone intersected in ML25-031. The current interpretation is that mineralization on the TESS - North Vein is structurally controlled along ENE trending, steeply dipping, zones of fracturing and brecciation. It is also anticipated that the zones of mineralization will have a plunge controlled by the intersection of the structural zones with host lithologies and/or other structures.

Figure 1: Cross-section of ML25-031 & -032 on TESS - North Vein looking East

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Drill Testing TESS "look-alike" Targets
The TESS Zone displays a distinct geological, geophysical and geochemical signature that we can use to search for additional "look-alike" zones. The Prospector technical team has identified several priority drill targets within a roughly 4km radius of TESS based on criteria such as rock geochemistry, alteration, and structural setting.

Mineralization at the TESS - North Vein is pervasively oxidized at/near surface and appears to have a strong association with jarosite alteration and other iron oxide minerals, which is coincident with strong linear features interpreted as mineralized structures. Within the broader Java - TESS area there are multiple other jarosite and iron-oxide anomalies with associated structural trends and a significant population of rock and soil samples with strongly elevated Au (>5 g/t) with a similar geochemical association as TESS - North Vein. Each of these targets are currently being classified and ranked for follow up field investigation and, ultimately, drill testing.

Figure 2: Plan map of Java - TESS - North Vein area with gold in rocks and jarosite alteration from WorldView-3 satellite imagery.

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Skarn Ridge
Skarn Ridge is located 4km to the south of TESS, it has been significantly drilled and has lots of mineralized space between it and TESS. Drilling in 2025 at Skarn Ridge successfully identified several closely spaced gold zones hosted in near vertical structural panels. Key intercepts from 2025 include 45.65m of 2.11 g/t Au & 0.48% Cu from 44m depth (ML25-010)(3); 25m of 2.97 g/t Au from 137m depth (ML25-014)(4); and 27m of 2.04 g/t Au & 0.42% from 24m depth and 19m of 4.33 g/t Au & 0.5% Cu from 57m depth (ML25-024)(2). Gold-bearing structures at Skarn Ridge occur parallel to each other and are open along trend and to depth. Drilling in 2026 will test both the strike and depth extent of mineralized corridors identified during the 2025 drill program and test the potential for additional, subparallel, zones of mineralization on the broader Skarn Ridge target. Ongoing studies at Skarn Ridge include additional geochemical analysis, petrographic studies, and structural-lithologic analysis of drill core and oriented core data to aid in assessment of potential plunge controls on mineralized zones.

Mineralization on Skarn Ridge, and the Bueno target on trend to the south, is hosted within a series of north-northeast trending, steeply dipping, structural zones and associated splays. Individual mineralized trends range from 1-2m wide up to 44m wide and can be traced in multiple drill holes (i.e. ML-10-13 and 22-25) The corridor has now been traced over 1.5km along strike and has over 600m of vertical continuity. The 2025 drilling at Skarn Ridge - Bueno successfully confirmed key structural interpretations for the ML Project resulting in a new exploration model that can be applied project-wide Within the structural corridors, gold mineralization is noted in every rock type on the Skarn Ridge - Bueno Trend and is best developed within strongly fractured/brecciated calc-silicate altered and/or iron rich units, and along lithologic contacts. The gold mineralization is, locally, coincident with significant copper mineralization, however, the gold and copper mineralizing events appear to be independent of each other. Gold is focused within structural corridors and is strongly associated with bismuth and tellurium mineralization, whereas copper is more broadly distributed and only occurs within strongly calc-silicate altered units.

Figure 3: Cross-sections of ML25-012/-013 (top), ML25-010/-011 (upper middle), ML25-022/-023 (lower middle), & ML25-024/-025 (bottom).

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New Greenfield Drill Targets
In addition to the Java - TESS - North Vein and Skarn Ridge targets discussed above, numerous other prospects are known on the project; many of which have received little to no follow up work. In addition, large portions of the project are un/under explored and there is significant potential for new discoveries. An example of this potential is the discovery of the Rubble North target during the 2025 prospecting efforts which returned samples of 57.8 g/t Au and 109 g/t Au from strongly silicified and brecciated siliciclastic rocks with quartz – arsenopyrite veins and are associated with strongly elevated As, Bi, and Te(4). The area lies approx. 750m north of Skarn Ridge and was targeted based on the projection of mineralized structures on Skarn Ridge to the NNE. This is significant because it demonstrates the potential for both strong vertical and lateral continuity on mineralized structural trends across the project. Assessment of the targets is ongoing and plans for follow up work will including additional rock sampling & prospecting, geologic mapping, additional soils and/or ground based geophysical surveys, and drill testing as warranted.

Most of the historic exploration efforts on the ML Project have focused on high-grade Au-Cu+/-Ag occurrences within thermally altered sediments on the margins of intrusive bodies and/or dikes and sills. Only minor exploration efforts been performed for "classic" reduced intrusion related gold system (RIRGS) sheeted vein style mineralization which is more typical of known deposits throughout the Tombstone belt including Dublin Gulch/Eagle, Snowline Gold's Rouge, and Sitka Gold's RC/Clear Creek project, among others. Currently, there are five mapped intrusive bodies on the project and include the Anvil, Fishbowl, Mike Lake, Lorrie Lake, and Bear stocks; five of which have known occurrences of sheeted vein style mineralization with anomalous Au (+/-Cu) and an associated As-Bi-Te geochemical signature. Additionally, modelled geophysical data on the project including magnetic susceptibility and gravity indicate strong potential additional "blind" intrusive bodies at shallow depths (<1km). Evaluating the project for intrusion hosted mineralization will be a priority for the 2026 season and current efforts to aid targeting include evaluation of existing geochemical datasets, detailed assessment of geophysical datasets, regional – target scale lithologic and structural interpretations, and petrographic studies.

Figure 4: ML Project Target Areas

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(1) See the Companies news release dated Oct. 1, 2025.
(2) See the Companies news release dated Nov. 26, 2025.
(3) See the Companies news release dated Sept. 2, 2025.
(4) See the Companies news release dated Oct. 20, 2025.

Qualified Person
The technical content disclosed in this press release was reviewed and approved by Jodie Gibson, P.Geo., Vice President Exploration of Prospector, and a Qualified Person as defined under National Instrument NI 43-101 ("NI 43-101").

About Prospector Metals Corp.
Prospector Metals Corp. is a proud member of Discovery Group. The Company is focused on district scale, early-stage exploration of gold and base metal prospects. Prospector currently has over $42 million in cash and cash equivalents. Creating shareholder value through new discoveries, the Company identifies underexplored or overlooked mineral districts displaying important structural and mineralogical occurrences similar to more established mining operations. The majority of acquisition activity occurs in Yukon and Ontario, Canada – Historical mining jurisdictions with an abundance of overlooked geological regions possessing high mineral potential. Prospector establishes and maintains relationships with local and Indigenous rightsholders and seeks to develop partnerships and agreements that are mutually beneficial to all interested parties.

On behalf of the Board of Directors,
Prospector Metals Corp.

Prospector Metals Corp. is a proud member of Discovery Group. For more information please visit: discoverygroup.ca

Forward-Looking Statement Cautions:

This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including, but not limited to,the Company's plans with respect to the Company's projects, including the ML Project, and the timing related thereto of the drill program, the merits of the Company's projects, the Company's objectives, plans and strategies, and other project opportunities. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective,", "strategy", "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the risk of accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, or the possibility that the Company may not be able to secure permitting and other agency or governmental clearances, necessary to carry out the Company's exploration plans, risk of political uncertainties and regulatory or legal changes in the jurisdictions where the Company carries on its business that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and their potential effects.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281569

Source: Prospector Metals Corp.

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Vancouver, British Columbia--(Newsfile Corp. - January 26, 2026) - Optimi Health Corp. (CSE: OPTI) (OTCQX: OPTHF) (FSE: 8BN) ("Optimi" or the "Company"), a Health Canada-licensed manufacturer of pharmaceutical psychedelic drug products, today reported that it has completed a production cycle for its MDMA and psilocybin capsules intended for supply into Australia under the Authorised Prescriber Scheme.

The completed batch consists of 1,000 MDMA capsules in a 60 mg dosage form and 1,000 naturally derived psilocybin capsules in a 5 mg dosage form. Final packaging, labelling, and batch release were completed in accordance with Optimi's Drug Establishment Licence issued by Health Canada. The capsules are GMP-compliant and supported by Certificates of Analysis confirming conformance with applicable quality specifications, following receipt of the required Australian import permits.

"This production run has been released and approved for import, allowing Optimi to continue supplying MDMA and psilocybin into Australia's regulated healthcare system," said Dane Stevens, Chief Executive Officer of Optimi Health. "Completing this first production cycle of 2026 positions us to expand access across the country for patients suffering from PTSD and TRD."

Post-Traumatic Stress Disorder (PTSD) and Treatment-Resistant Depression (TRD) represent significant unmet medical needs in Australia. National data published by the Australian Bureau of Statistics indicate that approximately 5-6% of Australians experience PTSD in a given year, representing roughly 1.3 to 1.5 million people. According to the Australian Institute of Health and Welfare, more than 1.3 million Australians are affected by depressive disorders, and clinical research suggests that around one-third of individuals with major depressive disorder do not respond adequately to standard treatments.

Australian clinics, hospital networks, and programs operating under the Authorised Prescriber Scheme may seek information regarding access through Mind Medicine Australia at [email protected]. For global inquiries outside of Australia, please contact the Company at [email protected].

About Optimi Health Corp.

Optimi Health Corp. (CSE: OPTI) (OTCQX: OPTHF) (FSE: 8BN) is a leading producer of prescribed psychedelic treatments for mental health therapies. As a Health Canada-licensed, GMP compliant pharmaceutical manufacturer producing validated MDMA and botanical psilocybin products from two 10,000-square-foot facilities in British Columbia, Optimi supplies active pharmaceutical ingredients and finished dosage forms to regulated channels, with products currently in market for prescription use in Australia via the Authorized Prescriber Scheme and accessible in Canada through the Special Access Program. For more information, please visit www.optimihealth.ca.

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements"), including with respect to the role of psychedelic medicines in insured mental health care. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies, certain of which are unknown. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, or future events or performance (often, but not always, through the use of words or phrases such as "will likely result," "are expected to," "expects," "will continue," "is anticipated," "anticipates," "believes," "estimated," "intends," "plans," "forecast," "projection," "strategy," "objective," and "outlook") are not historical facts and may be forward-looking statements. These statements may involve estimates, assumptions, and uncertainties that could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct, and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release.

Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. Such risk factors include but are not limited to those factors which are discussed in the Company's continuous disclosure filings available under its SEDAR+ profile at www.sedarplus.ca. Except as expressly required by applicable law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.

Neither the Canadian Securities Exchange nor the Canadian Investment Regulatory Organization accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281580

Source: Optimi Health Corp.

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NEW YORK, NY / ACCESS Newswire / January 26, 2026 / New America Acquisition I Corp. (NYSE:NWAXU) (the "Company"), a special purpose acquisition company, today announced that, commencing on January 26, 2026, holders of the units (the "Units") sold in the Company's initial public offering may elect to separately trade the Company's shares of Class A common stock, par value $0.0001 per share ("Class A Common Stock"), and redeemable warrants ("Warrants") included in the Units.

Shares of Class A Common Stock and Warrants received from the separated Units will trade on the New York Stock Exchange ("NYSE") under the symbols "NWAX" and "NWAXW," respectively. Units that are not separated will continue to trade on NYSE under the symbol "NWAXU." No fractional Warrants will be issued upon separation of the Units, and only whole Warrants will trade. Holders of Units will need to have their brokers contact Odyssey Transfer and Trust Company, the Company's transfer agent, in order to separate the Units into shares of Class A Common Stock and Warrants.

The Units were initially offered by the Company in an underwritten offering. Dominari Securities LLC ("Dominari Securities") and D. Boral Capital LLC ("D. Boral Capital") acted as co-book-running managers for the offering. Copies of the prospectus relating to the offering may be obtained free of charge by visiting EDGAR on the website of the U.S. Securities and Exchange Commission (the "SEC") at www.sec.gov or from Dominari Securities by email at [email protected], by standard mail to Dominari Securities LLC, 725 Fifth Avenue, 23rd Floor New York, NY 10022, or by telephone at +1 (212) 393-4500; or from D. Boral Capital, Attention: Compliance Department, 590 Madison Avenue, New York, NY 10022, via email at [email protected] or telephone at +1 (212) 970-5150.

The registration statement relating to the securities of the Company became effective on November 19, 2025, in accordance with Section 8(a) of the Securities Act of 1933, as amended. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About New America Acquisition I Corp

New America Acquisition I Corp is a blank-check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The Company intends to target established U.S.-based companies that contribute to industrial capacity, technological innovation, and economic resilience, with a focus on automation, advanced manufacturing, infrastructure and energy systems. Learn more at https://newamericaacquisition.com/

Forward Looking Statements

This press release contains statements that constitute "forward-looking statements" that involve risks and uncertainties. Forward-looking statements are not historical facts and include statements regarding the Company's plans, objectives, expectations and intentions. Forward-looking statements are subject to numerous risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and final prospectus for the Company's initial public offering filed with the SEC, which could cause actual results to differ from forward-looking statements. Copies of these documents are available on the SEC's website, at www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law. No assurance can be given that the Company will ultimately complete a business combination transaction.

Contact New America Acquisition I Corp.:
Brian S. Siegel, IRC®, M.B.A.
Senior Managing Director
Hayden IR - Chicago
(346) 396-8696 (o)
[email protected]

SOURCE: New America Acquisition I Corp.