Market Signal Briefing

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Even though the price has not fully confirmed it yet, Shiba Inu's most recent on-chain snapshot is conveying a message that is simple to overlook if you just look at the chart: exchange-related activity is changing, and it is changing in a way that frequently precedes a tradable recovery. The exchange outflow acceleration indicator is the loudest.

Shiba Inu gains strenghThe mean exchange outflow over the last seven days has increased by +134%, and the total exchange outflow has also increased (302 billion, +2.02%). Simply put, more SHIB is leaving exchanges, which typically corresponds with less immediate sell availability and more hold positioning. When you combine that with an increase in active addresses (310. 25, +1.03%), you have a market that continues to participate rather than give up. However, the inflow side is still alive.

Source: CryptoquantNetflow (inflow minus outflow) increased to 58.0774 billion (+34.4%), while total exchange inflow increased to 351 billion (+2.23%). The fact that some participants are obviously also sending tokens to exchanges, which may indicate distribution attempts or hedging, is what prevents this from being a clear-cut one-way bullish signal. 

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Reserves plummetingHowever, context is important, and flows may be more important than headlines. The metrics you usually want to lead are outflows and their moving averages, which are rising quickly. Another encouraging fact is that while the coin-denominated reserve is essentially flat, the exchange reserve in USD is marginally down.

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That combination can occur when positioning subtly improves while price is still suppressed. Zoom out to see the chart: SHIB is still in a wider downtrend and is still under strong moving-average resistance, but it is trying to establish a base with a support line that is slightly tilting upward.

The on-chain coins leaving exchanges may eventually result in price strength if the price can maintain this range and begin to reclaim the faster averages. In summary, the market is not overjoyed, but the plumbing appears more appealing than the candles. SHIB has a genuine chance at a recovery leg if these outflow-heavy conditions continue — as long as buyers provide follow-through rather than brief spiky capital injections.

Journalist

Posted: January 24, 2026

In early December 2024, a Hyperliquid [HYPE] whale consistently added 20,849.76 HYPE per transaction through incremental spot purchases.

The first entry occurred near $7.91, after which subsequent buys clustered between $8.10 and $8.69.

Through this laddered execution, the wallet expanded its position from single-digit exposure to over 250,115 HYPE, reducing slippage while absorbing available liquidity.

Source: X

This produced a time-weighted average cost well below the later $11.50 blended entry cited across the full HYPE accumulation window.

Wallet-level flows show a mix of DEX execution and CEX-linked inflows, indicating deliberate liquidity sourcing rather than urgency.

Source: X

Importantly, this activity coincided with similar accumulation by other large-holder wallets, each scaling positions in comparable size bands.

That cohort behavior suggests strategic positioning ahead of staking rather than isolated speculation.

As supply rotated from liquid venues into staking, exchange balances thinned, compressing downside pressure and stabilizing market structure during the accumulation phase.

Hyperliquid TVL consolidates as fees sustain liquidity Hyperliquid’s TVL expanded steadily through 2025, rising from roughly $2 billion early in the year to a peak near $6 billion by late summer. This growth coincided with sustained fee generation, signaling consistent trading activity rather than transient inflows.

As TVL climbed, daily fees also trended higher, frequently ranging between $3 million and $10 million, reinforcing the idea that capital remained productive.

However, momentum softened in the final quarter, with TVL retracing toward the $4-5 billion range.

Source: DefiLlama

Even so, it has held that level for several months, suggesting sticky liquidity anchored by active traders and protocol usage. This balance remains durable as long as volumes stay elevated and fee generation supports yields.

If trading activity weakens or competing venues absorb liquidity, TVL could compress further. Conversely, renewed volatility could quickly reaccelerate inflows.

Traders should therefore monitor fee consistency, large capital movements, and shifts in volume concentration, as these factors will likely dictate whether current liquidity levels stabilize or decisively break.

Staking strategy guides whale profit realization A large $HYPE holder deposited approximately 665,000 tokens into Bybit on the 23rd of January 2026, realizing about $7.04 million in profit.

This move followed a structured strategy that began in late 2024, when the wallet accumulated roughly 651,900 HYPE near an average price of $11.50.

Rather than trading actively, the holder allocated the position to staking. As a result, rewards compounded steadily at around 2.3% APY, gradually expanding the total balance before withdrawal.

Source: DefiLlama

Meanwhile, Hyperliquid’s staking design shaped the exit timing. A one-day lockup and a seven-day unstaking queue delayed transfers to exchanges.

The deposit reflected planned intent rather than a sudden reaction, while protocol fundamentals remained strong. Annualized revenue neared $663 million, with about $54 million generated in the past 30 days.

Meanwhile, muted whale inflows indicated that the exit was driven by disciplined yield capture, not short‑term price timing.

Final Thoughts Whale accumulation and exits were driven by structured staking and yield capture rather than short-term price speculation.

Hyperliquid’s liquidity stability reflects sustained fee generation, with future direction hinging on trading volume and volatility.

Nasdaq has cleared the way for significantly expanded trading in bitcoin and ethereum-linked options after a fast-tracked SEC greenlight removed long-standing contract limits on major crypto ETFs. SEC Steps Aside as Nasdaq Expands Crypto ETF Options — A Bullish Setup for Traders The U.S. Securities and Exchange Commission (SEC) published a notice on Jan.

Bitcoin’s long-standing four-year market rhythm may be approaching a turning point. Binance founder Changpeng Zhao, widely known as CZ, believes the world’s largest cryptocurrency is heading toward a “supercycle,” driven largely by a sharp shift in US political and regulatory sentiment.

Speaking during an interview with CNBC’s Andrew Ross Sorkin at the World Economic Forum in Davos, Switzerland, CZ said he strongly believes that 2026 could mark a structural break from Bitcoin’s historical price behavior. In his view, increasing institutional and political support from the United States under President Donald Trump is changing the long-term dynamics of the crypto market.

Why this moment matters for Bitcoin Traditionally, Bitcoin has followed a four-year cycle closely tied to its halving events. Prices typically rise into and after a halving, followed by a prolonged correction. Because Bitcoin dominates the crypto market, its movements often set the tone for the entire sector.

CZ argues that this pattern may no longer fully apply. With the US now openly backing crypto innovation, and other nations beginning to follow that lead, Bitcoin could transition from a speculative cycle-driven asset into something closer to a long-term macro instrument.

If that shift plays out, it would fundamentally alter how investors model risk, timing, and valuation in the crypto market.

2026 as an inflection point During the Davos interview, CZ stated clearly, “I strongly believe that 2026 will likely be a supercycle for Bitcoin.” While he avoided giving a specific price target, his confidence centered on structural adoption rather than short-term price momentum.

Other industry leaders have been less reserved. Ripple CEO Brad Garlinghouse has floated a $180,000 Bitcoin target, while BitMEX co-founder Arthur Hayes has suggested $200,000. CZ, however, emphasized time horizon over numbers, noting that over a five to ten-year period, Bitcoin’s upward trajectory appears increasingly predictable.

From his perspective, regulatory clarity and institutional participation matter more than any single bull run.

Politics, perception, and controversy CZ’s comments come amid ongoing speculation about his relationship with President Donald Trump. During the CNBC interview, Zhao firmly denied any personal or business connection related to crypto activities, despite rumors circulating within the industry.

“There really isn’t any connection,” Zhao said, explaining that the overlap between Binance and the Trump administration is purely sector-wide. According to him, the Trump family’s involvement in crypto and the administration’s supportive stance benefit all companies operating in the space, not just Binance.

Still, questions resurfaced after reports revealed that Abu Dhabi-based investment firm MGX allocated roughly $2 billion to Binance using the USD1 stablecoin. That stablecoin is issued by World Liberty Financial (WLFI), a decentralized finance platform backed by Donald Trump and his family.

CZ addresses the speculation directly Zhao responded to the reports by calling the situation a misunderstanding. He explained that MGX is an independent investor that chose to use USD1 after he requested crypto-based payments, citing his personal dislike of working with banks.

He also clarified that he has never met or spoken directly with Trump. The closest interaction, according to CZ, was being approximately 30 to 40 feet away from the US president at Davos earlier this week. He did, however, express gratitude for Trump’s decision to pardon him last October, a move that raised eyebrows across both political and crypto circles.

What this could mean for the next cycle If Bitcoin does enter a supercycle, the implications extend beyond price. A sustained pro-crypto stance from the US could accelerate institutional adoption, normalize Bitcoin as a portfolio hedge, and reduce the dominance of speculative retail-driven rallies.

At the same time, breaking the four-year cycle would challenge many existing trading strategies and valuation models. Long-term conviction could begin to outweigh short-term timing, pushing Bitcoin closer to the role CZ appears to envision: a globally relevant financial asset shaped by policy, not just code.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions

, /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed merger of Destination XL Group, Inc. (NasdaqGM: DXLG) and FBB Holdings I, Inc. Upon closing of the proposed transaction, Destination XL shareholders will own 45% of the combined company. KSF is seeking to determine whether the merger and the process that led to it are adequate, or whether the merger is fair to Destination XL shareholders.

If you would like to discuss your legal rights regarding the proposed transaction, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([email protected]) toll free at any time at 855-768-1857, or visit  https://www.ksfcounsel.com/cases/nasdaqgm-dxlg/ to learn more.

To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.

Kahn Swick & Foti, LLC
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New Orleans, LA 70163

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, /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Udemy, Inc. (NasdaqGS: UDMY) to Coursera, Inc. (NYSE: COUR). Under the terms of the proposed transaction, shareholders of Udemy will receive 0.800 shares of Coursera common stock for each share of Udemy that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([email protected]) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqgs-udmy/ to learn more.

To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.

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, /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of FONAR Corporation (NasdaqCM: FONR) to affiliates of Chief Executive Officer Timothy Damadian and certain executives and directors of the company. Under the terms of the proposed transaction, shareholders of FONAR will receive $19.00 per share of the Company's common stock, $19.00 per share of the Company's Class B common stock, $6.34 per share of the Company's Class C common stock. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([email protected]) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqcm-fonr/ to learn more.

To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.

Kahn Swick & Foti, LLC
1100 Poydras St., Suite 960
New Orleans, LA 70163

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Despite offering high dividend returns at a low price, missteps and revenue declines may dampen the appeal of Altria stock.

Tobacco giant Altria Group (MO +1.44%) is in a difficult position. The company has long mitigated the detrimental effect of declining smoking rates on its revenue by raising product prices. Now, revenue falling anyway seems to suggest that the approach has stopped working.

Even more puzzling, the stock price has trended higher since the beginning of 2024 despite this new development, and despite the share price gain, the stock now sells at a price-to-earnings (P/E) ratio of 12. The conflicting data has some investors questioning whether that makes the stock too cheap to ignore, as well as asking whether they should avoid it.

Image source: Getty Images.

Altria and its dividend When it comes to surviving strong headwinds, it is difficult to find a story that surpasses Altria's. The Surgeon General released a report in 1964 highlighting the dangers of smoking. Between declining usage and hundreds of billions of dollars in legal settlements related to its product, it might be easy to dismiss the tobacco company's stock on the surface.

However, since then, both the stock and its dividend have moved higher for most of that history. The annual payout, now at $4.24 per share, has a dividend yield of 6.8%. Altria's dividend has also risen every year since 2009 and increased annually between 1989 and 2006.

Unfortunately, the tobacco giant has delivered a mixed performance more recently. Altria beat the S&P 500 when including dividend returns, though the stock itself dramatically underperformed the market.

Data by YCharts.

Its failed attempts to counter the decline in smoking may be the heart of the problem, considering what Altria owns. In 2018, it paid $12.8 billion for a 35% stake in e-cigarette maker Juul. Amid issues with lawsuits and regulatory crackdowns, it traded that stake for some of Juul's intellectual property and invested in e-cigarette market NJOY.

Also, in 2019, it invested 2.4 billion Canadian dollars ($1.7 billion) for a 45% stake in cannabis company Cronos Group. Today, Cronos' market cap is under $1 billion.

Such missteps cost the company, and now, sustaining the dividend is becoming a struggle. Over the trailing 12 months, it generated around $9.2 billion in free cash flow. That covered the $6.9 billion in dividend costs but left relatively little cash available for other purposes.

Hence, unless Altria can reverse the revenue declines, it could endanger its ability to continue raising the dividend.

Today's Change

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1.44

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Current Price

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61.91

Given Altria's challenges, investors can likely afford to ignore the stock despite a low valuation.

On the surface, its 6.8% dividend yield may look appealing when considering its P/E ratio of 12. Unfortunately, price increases are failing to sustain revenue levels as more people quit smoking. Moreover, attempts to start new business lines in related industries cost the company billions. As a result, its rising dividend claims a large majority of its free cash flow.

Admittedly, it is not too late to succeed with e-cigarettes or even cannabis, and it is also possible that tobacco use will stop declining. Nonetheless, unless conditions in its business turn around soon, this is likely not a stock worth buying, even at its current valuation.

, /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Ventyx Biosciences, Inc. (NasdaqGS: VTYX) to Eli Lilly and Company (NYSE: LLY). Under the terms of the proposed transaction, shareholders of Ventyx will receive $14.00 in cash for each share of Ventyx that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([email protected]) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqgs-vtyx/ to learn more.

To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.

Kahn Swick & Foti, LLC
1100 Poydras St., Suite 960
New Orleans, LA 70163

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Vancouver, British Columbia--(Newsfile Corp. - January 23, 2026) - Medaro Mining Corp. (CSE: MEDA) (OTCID: MEDAF) (FSE: 1ZY) ("Medaro" or the "Company"), a mineral exploration company focused on the acquisition and advancement of high-quality mineral projects, is pleased to announce that it has engaged Senergy Communications Capital Inc. ("Senergy") to provide digital marketing services to the Company.

Senergy's services will consist of content creation, strategic messaging, and corporate communications. Senergy is a Vancouver, British Columbia based communications and media marketing company focused on helping public companies reach new investors and maintain relationships with shareholders using online strategies. For more information regarding Senergy, please visit: www.senergy.capital.

Senergy has been retained for an initial period of one month commencing on January 23, 2026. In consideration of the services provided by Senergy, the Company has agreed to pay CAD$50,000 plus GST. Senergy and its principal and Chief Executive Officer, Aleem Fidai, are at arm's length to the Company and have advised they do now own any securities in the Company.

About Medaro

Medaro mining is a mineral exploration company focused on the acquisition and advancement of high-quality mineral projects in Canada. The Company's strategy is to build shareholder value through systematic exploration, disciplined project evaluation, and responsible development.

For more information, investors should review the Company's public filings, which are available at www.sedarplus.ca.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281515

Source: Medaro Mining Corp.

After months of riding positive vibes, the troubled chip maker reminded investors why it needed a rescue in the first place.

New York, New York--(Newsfile Corp. - January 23, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Varonis Systems, Inc. (NASDAQ: VRNS) common stock between February 4, 2025 and October 28, 2025, both dates inclusive (the "Class Period"), of the important March 9, 2026 lead plaintiff deadline.

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

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

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

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

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

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

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

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

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281478

Source: The Rosen Law Firm PA

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HomeStock IdeasLong IdeasIndustrial 

SummaryUber Technologies, Inc. is rated Strong Buy, with a fair value range of $115–$125 per share, as the market continues to underestimate the durability of its platform economics.Scale-driven network effects reinforce growth, liquidity, and service quality, creating a self-reinforcing cycle that raises barriers to entry and makes competition increasingly difficult.Autonomous vehicles are more likely to complement than disrupt UBER’s model, with adoption expected to be gradual and the platform remaining central to matching demand and supply.Key risks include regulation, driver classification, and low switching costs, but these are best viewed as constraints on margin expansion rather than threats to the long-term viability of the platform. Solomon C Thompson III/iStock Editorial via Getty Images

Investment Thesis The market undervalues how hard Uber’s scale is to compete with, while placing disproportionate attention on autonomy and regulatory concerns that are distant and uncertain. As a result, Uber’s

Analyst’s Disclosure: I/we have a beneficial long position in the shares of UBER either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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

New York, New York--(Newsfile Corp. - January 23, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds persons who invested in securities of SLM Corporation a/k/a Sallie Mae (NASDAQ: SLM) between July 25, 2025 and August 14, 2025, both dates inclusive (the "Class Period"), of the important February 17, 2026 lead plaintiff deadline.

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

WHAT TO DO NEXT: To join the SLM class action, go to https://rosenlegal.com/submit-form/?case_id=49601 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 17, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) SLM was experiencing a significant increase in early stage delinquencies; (2) accordingly, defendants overstated the effectiveness of SLM's loss mitigation and/or loan modification programs, as well as the overall stability of SLM's private education loan ("PEL") delinquency rates; and (3) as a result, defendants' public statements made a materially false and misleading impression regarding SLM's business, operations, and prospects at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the SLM class action, go to https://rosenlegal.com/submit-form/?case_id=49601 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

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

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

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

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281431

Source: The Rosen Law Firm PA

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Peter Thiel significantly reduced exposure to Tesla stock and swapped his gains for Apple.

While Peter Thiel's roots are in entrepreneurship, the billionaire has become one of Wall Street's brightest minds over the last couple of decades. Thiel originally co-founded both PayPal and Palantir Technologies (PLTR +2.31%), but for quite some time the Silicon Valley legend has assumed the role of a venture capitalist and hedge fund manager.

According to recent filings, the Thiel Macro fund sold 76% of its position in Tesla (TSLA 0.04%) and redeployed capital into another trillion-dollar tech stock: Apple (AAPL 0.07%).

Let's dig into what may have influenced this decision and whether investors should follow Thiel's playbook to begin 2026.

Image source: Getty Images.

Does selling Tesla stock make sense right now? As of Jan. 20, Tesla boasts a market capitalization of $1.4 trillion -- about 16% below all-time highs.

TSLA Market Cap data by YCharts

From a valuation perspective, almost nothing about Tesla's profile makes sense. Tesla's price-to-sales (P/S) ratio currently hovers around 16. This is meaningfully high for a capital-intensive automobile business.

On top of that, the company's price-to-earnings (P/E) and forward P/E multiples of 283 and 195, respectively, have expanded over the last year despite the facts that that Tesla is losing market share overseas and competition in the autonomous vehicle landscape is on the rise.

While Elon Musk has enjoyed touting the company's progress on its robotaxi efforts, Tesla has little to show for these ambitions as it relates to measurable growth. Against this backdrop, it's difficult to justify Tesla's premium price point.

Is Apple stock a good buy for 2026? Right now, the stock market and the broader economy are flashing some conflicting signals.

On one hand, the S&P 500 remains elevated thanks in large part to a euphoric artificial intelligence (AI) narrative. But on the other, inflation has proven to be stubborn while unemployment is at its highest level in four years. When you layer on the geopolitical unrest that's also unfolding, I'd say it's anyone's guess as to where stocks are headed in 2026.

With such fluid dynamics taking shape by the day, I'm not entirely surprised by Thiel's recent investment decisions. What I take away is that he has decided to take some gains off the table in a volatile and unpredictable momentum stock and instead opted for a more blue chip opportunity.

While Apple may not carry the same potential upside as an AI growth stock like Tesla, it also remains more insulated from selling pressure should the stock market experience a correction this year.

Thiel is positioned for upside no matter what Here's what makes Thiel's portfolio management so genius: Tesla remains the largest position in his fund. Apple is actually Thiel's smallest allocation.

I think this is pretty savvy hedging. If Tesla miraculously surprises everyone this year and is able to launch its autonomous robotaxi fleet nationwide, the upside could be epic and completely change the narrative around the company's business. In such a scenario, Thiel stands to gain from these AI-driven tailwinds.

But if Tesla disappoints, I would not be surprised to see institutional capital flow out of more high-flying hopefuls and toward safe-haven stocks like Apple.

At the end of the day, Thiel is well positioned for solid risk-adjusted returns across both AI and macro environments.

Adam Spatacco has positions in Apple, Palantir Technologies, and Tesla. The Motley Fool has positions in and recommends Apple, Palantir Technologies, PayPal, and Tesla. The Motley Fool recommends the following options: long January 2027 $42.50 calls on PayPal and short March 2026 $65 calls on PayPal. The Motley Fool has a disclosure policy.

New York, New York--(Newsfile Corp. - January 23, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of F5, Inc. (NASDAQ: FFIV) between October 28, 2024 and October 27, 2025, both dates inclusive (the "Class Period"), of the important February 17, 2026 lead plaintiff deadline.

SO WHAT: If you purchased F5 securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the F5 class action, go to https://rosenlegal.com/submit-form/?case_id=46672 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 17, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period created the false impression that they possessed reliable information pertaining to F5's projected revenue outlook and anticipated growth while also minimizing risk from seasonality and macroeconomic fluctuations. In truth, F5's optimistic claims, touting its purported best-in-industry security and overall emphasis and confidence in F5's ability to meet and capitalize on the growing security needs for its clientele fell short of reality; F5 was, at the time, the subject of a significant security incident, placing its clientele's security and F5's future prospects at significant risk. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the F5 class action, go to https://rosenlegal.com/submit-form/?case_id=46672 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

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

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Michael Saylor says Strategy’s evolving capital-markets machine is starting to resemble a “central bank of Bitcoin,” positioning the company as a conduit between traditional money markets and the Bitcoin network. In an interview with Gatecast, the Strategy executive chairman argued the firm’s shift toward perpetual preferred equity and “digital credit” instruments is designed to fund continuous bitcoin accumulation while stripping out refinancing risk.

Saylor traced the company’s pivot to the COVID-era shock of 2020, when “the physical economy of the world came to a grinding halt and the financial system was turned upside down.” Facing what he framed as an existential decision, he said Strategy discovered Bitcoin during “the war on COVID and the war on currency,” and used it to “escape a pretty miserable existence and turned into something digital and modern and much better.”

Strategy Is Building A ‘Central Bank of Bitcoin’ That transformation now sits on a scale Saylor claims is often misunderstood. Addressing criticism that Strategy is simply levering up to buy more Bitcoin, he said the firm has raised roughly $44 billion over the past year and a half and characterized “most of that” as equity rather than debt. “There isn’t really leverage,” Saylor said. “Equity is capital that you have forever. We’re funneling that capital into the crypto economy. We’re buying Bitcoin.” He added that Strategy has acquired “about $48 billion worth of Bitcoin” across “like 88 different transactions,” purchasing “as soon as we raise the capital.”

When asked whether Strategy is still just a buyer or something closer to a “shadow central bank of Bitcoin” given its holdings, Saylor leaned into the analogy. “Bitcoin is digital capital. It is the world reserve capital network. It’s replaced gold as the global non-sovereign store of value for the human race,” he said. Then came the framing: “Banks normally buy credit. We actually sell credit. So what we’re doing is the reverse of commercial banking, retail banking. It is sort of like central banking. We are sort of like the central bank of Bitcoin.”

Saylor’s “central bank” claim hinges on a product stack meant to translate Bitcoin’s balance-sheet asset into yield-bearing instruments for investors who won’t hold BTC directly. He described STRC as “a currency that’s pegged to the dollar” and “backed […] with Bitcoin,” with proceeds recycled into BTC purchases. In his telling, that mechanism links “the Bitcoin economy” to “the traditional finance economy and to the money markets of the world.”

Michael Saylor: “We are sort of like the central bank of Bitcoin.” pic.twitter.com/IyZ9EHLAQn

— TFTC (@TFTC21) January 22, 2026

The more material shift, he argued, is Strategy’s progression away from maturity-driven debt toward perpetual structures. Saylor laid out a four-stage evolution: initial use of credit and leverage, a senior note secured by BTC collateral that the company later refinanced and vowed not to repeat, then non-recourse convertible bonds, an approach he said became constrained by market size and retail inaccessibility and finally “digital credit,” which he described as “an equity […]a perpetual preferred equity.”

In one of his clearest statements of intent, Saylor said Strategy’s priority is to prevent principal from ever coming due. “We don’t want to have leverage. We want to have amplification via equity. We never want the principal to come due. We’d rather pay a higher dividend forever,” he said. “I’d rather pay 10% forever than pay 5% for 5 years.” Strategy, he added, has “announced a $1.44 billion cash reserve for the dividends,” giving it “the option to not raise any capital in the capital markets for up to two years,” and in his view “effectively stripped the credit risk off of the business.”

Saylor also pitched liquidity as a differentiator. He said Strategy has raised $7 billion over the last nine months via these instruments and described an emerging market of about $8 billion outstanding. Where preferred stocks typically trade thinly, he argued Strategy’s “digital credit instruments were trading 30 million a day,” with “Stretch […] more than a hundred million a day,” which he framed as a step-change in market access.

The firm’s investor pitch, as Saylor described it, splits the world into capital and credit buyers. “Bitcoin is digital capital. The world will be built on digital capital. But the world will run on digital credit,” he said, arguing that products like Stretch can offer a money-market-like alternative “powered by digital capital” while sidestepping Bitcoin’s volatility.

At press time, BTC traded at $89,250.

BTC remains between the 0.618 and 0.786 Fib, 1-week chart | Source: BTCUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Litecoin is once again at a critical crossroads, with its long-term structure remaining intact after years of successful defenses. However, the margin for error is thin. As price hovers near key levels, $63 has emerged as the line bulls must protect. A break below it could shift momentum sharply, while holding above keeps the broader bullish structure alive and sets the stage for the next decisive move.

Structure Gives Way, Expansion Phase Begins Columbus’s latest LTC update highlights that the multi-year compression that previously capped price action has finally resolved, resulting in a clean break of the long-term chart setup. This structural change confirms a shift from a neutral state to a clearly bullish one.

The current price action is described as a pause before expansion rather than the conclusion of the rally. In this phase, Litecoin is holding steady above old resistance levels, allowing the market to load for the next leg of the move, turning previous barriers into new support. Litecoin’s projected path forward is based on the typical behavior of expansion cycles following structural breaks. 

Source: Chart from Columbus on X The strategy follows a clear three-step progression: the initial breakout, followed by the current phase of acceptance. Once the market fully accepts these new price levels, the “real move” begins, representing a phase where the most significant gains are expected to materialize.

The 9-Year Trendline That Still Controls Litecoin Matthew Dixon highlighted the immense historical significance of the Litecoin long-term trend line. This line has acted as an unbreakable floor for nine years, with the price never closing below it. While the market has dipped under this line multiple times in the past, every attempt to break down has ultimately failed, maintaining a remarkably consistent structural defense.

Currently, the market environment is putting this nearly decade-long support to the test once again. Dixon emphasizes that we cannot rely on intra-month volatility to determine the outcome. Instead, the definitive signal rests solely on the monthly candle close. This closing price will serve as a macro-economic pivot point that dictates the primary direction for the coming months.

A successful hold above the trend line would be a powerful bullish confirmation, suggesting the long-term uptrend remains intact despite external pressures. Conversely, a confirmed close below this line would shift the narrative to bearish, marking a historic breakdown of a nine-year support system.

Specific technical triggers are also in play, particularly the $63 level. Dixon warns that falling below $63 would be devastating, as it would effectively nullify the hidden bullish divergence currently supporting the price. Given these risks, Dixon recommends exercising patience until the monthly close or ensuring strict stop losses are in place for any active trades.

LTC trading at $68 on the 1D chart | Source: LTCUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com

Journalist

Posted: January 24, 2026

Activity on the Ethereum [ETH] network has never been higher. In a post on X, Token Terminal revealed that the daily active addresses surpassed those of the Layer 2 solutions.

On the 16th of January, the number of Active Addresses was 1.297 million, according to Etherscan data.

At the time of writing, this figure has dropped to 945k. Yet, the trend was unmistakable. The Fusaka upgrade was completed in early December, which cut network transfer fees by nearly 6x.

This has likely had other consequences, as blockchain security specialist Andrey Sergeenkov wrote.

Dusting and poisoning on Ethereum The specialist found that the massive increase in the number of active addresses and on-chain transactions was due to stablecoin transactions. 67% of the new addresses received less than 1 dollar as their first stablecoin transaction.

Sergeenkov identified this as “dust” and also found smart contracts that automate the mass distribution of poisoning dust.

This is address poisoning. Attackers send small amounts of tokens, or dust, to wallets using addresses that closely match their own. Later, when these users copy an address from their transaction history without closely checking it, they end up sending funds to the attacker.

Even with a low conversion rate of 0.01%, $740k has been stolen from 116 addresses in this way. It should be said that $509k came from a single victim.

Assessing the fundamentals The Fusaka upgrade was a success. Cheap transactions should be the goal for any network. This would be a key step toward “institutionalization“. AMBCrypto pointed out that Ethereum was the leader in the real-world asset (RWA) sector, controlling roughly 60% of the market.

Aggressive ETH accumulation from entities such as Bitmine was a positive sign. In Q4 2025, Ethereum treasuries acquired 1.2 million ETH. On-chain metrics also highlight buyer dominance in the spot markets, reflecting absorption instead of distribution.

The kind of divergence between price and fundamentals right now, argued Bitwise CIO Matt Hougan, is what marks the bottom of bear markets.

Final Thoughts The record-high daily active addresses were not as hopeful a sign as it appears on first glance. Despite the threat from address poisoning, fundamentals, including on-chain metrics and institutional demand, remained strong.

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

TLDR

XRP price shows a bearish structure after being rejected at the $2.35 resistance level. Critical support is located in the $1.80 to $1.90 band, a level that defines the short-term trend. A break below the current lows could accelerate selling toward new support levels. Ripple’s asset has not escaped the consolidation phase currently affecting the cryptocurrency market. XRP fell toward its trading range lows after facing selling pressure that prevented recent rebound attempts from being sustained.

$XRP (Request)

4H – still downtrending but now approaching a support level, range low. So could be interested in longs if it gives a deviation followed by a bullish MSB. pic.twitter.com/Rj40m0rm42

— Popeye (@SailorManCrypto) January 23, 2026 This technical structure has become heavy due to the formation of lower highs, suggesting that sellers have taken control early during each rally. As a result, the price is approaching a vital demand zone that will determine the asset’s direction before the monthly close.

Therefore, analysts assert that we are in a “testing” zone for the bulls. If the price fails to react positively at current levels, the sentiment of uncertainty could deepen, affecting ecosystem liquidity and retail trader confidence.

Support and Resistance Scenarios for the Monthly Close In a bullish scenario, buyers must successfully defend the $1.80 to $1.90 zone on 4-hour candle closes. If a solid rebound is achieved, the first target would be $2.10, with the ultimate goal of reclaiming the major resistance at $2.30 to shift the current narrative.

However, if XRP slips toward range lows and loses the $1.80 support, an increase in bearish volatility is expected. Under this premise, any recovery attempt toward $2.00 could turn into a rejection zone, confirming that the distribution phase has won the battle.

In summary, fundamental factors related to Ripple’s developments and global risk sentiment will remain decisive catalysts. Traders must stay alert, as XRP often experiences explosive moves once the market decides on a direction following prolonged periods of consolidation.

Binance founder Changpeng Zhao, widely known as CZ, affirmed that he strongly believes this year is the year for a Bitcoin supercycle. According to him, this is possible due to the surge in backing for the crypto industry from the United States under the leadership of Donald Trump.

Hence, with other nations following this lead, CZ predicted that Bitcoin might evolve beyond its typical four-year cycle. Regarding this four-year cycle, analysts noted that it typically shows an increase in BTC’s price, followed by a drop after each halving event. Notably, being a dominant cryptocurrency in the market, once it moves, the rest of the market typically follows.

CZ describes 2026 as a game-changer for Bitcoin’s price trend  During an interview with CNBC’s anchor Andrew Ross Sorkin at the World Economic Forum in Davos, Switzerland, Binance’s founder declared that, “I strongly believe that 2026 will likely be a supercycle for Bitcoin.” Although he made this statement firmly, CZ failed to establish a specific price target for the cryptocurrency.

On the other hand, other key crypto influencers shaping the industry did set a specific price target for Bitcoin. For instance, Brad Garlinghouse, the CEO of Ripple, proposed a target of $180,000, while the co-founder of the BitMEX cryptocurrency exchange, Arthur Hayes, suggested a target of  $200,000 for this year.

Following this news, Zhao acknowledged that, “Looking at a 5-10 year timeframe, it’s quite easy to predict. We’re going to see an increase.” 

Meanwhile, sources with knowledge of the situation revealed that during Zhao’s talk with anchor Ross Sorkin, the former Binance CEO denied any relationship with Trump regarding crypto activities. 

Nonetheless, even with his assertion, some in the crypto industry suggest that CZ’s connection to the US president may have played a key role in persuading Trump to issue a pardon for the Binance co-founder last October. 

“There really isn’t any connection,” Zhao stated. “The only thing is that the Trump family is involved in crypto. Binance is a major crypto company, and the Trump administration supports crypto. That benefits all businesses in the crypto space.” 

Trump’s decision to pardon CZ raised suspicion among individuals  Concerning Zhao’s relationship with Trump, reports highlighted that MGX, an investment firm from Abu Dhabi, allocated around $2 billion of its funds to Binance via the USD1 stablecoin, a fiat-backed, institutional-focused stablecoin issued and managed by the World Liberty Financial (WLFI) decentralized finance platform, backed by Donald Trump and family last year.

This finding prompted reporters to reach out to CZ for comment on the alleged relationship. In response to this request, Zhao stressed that it was all a misunderstanding. 

Based on his argument, MGX is an investor that decided to use USD1 after the Binance co-founder asked them to make payments in crypto, since he disliked working with banks.

Additionally, CZ claimed that he had never met or spoken with Trump. The closest he has ever come to the US president, according to his statement, is 30-40 feet, at Davos earlier this week. Afterwards, he expressed his gratitude to Trump concerning his decision to pardon him.

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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

Happy Friday! Regulatory momentum is building: the Senate Agriculture Committee introduced amendments to its crypto bill, Kansas advanced a bitcoin reserve proposal, and Binance applied for a MiCA license via Greece.

IPO activity is heating up. BitGo listed on the NYSE with backing from YZi Labs. Ledger and CertiK are exploring IPOs, Grayscale filed for a BNB ETF, and Dogecoin landed another ETF. Revolut dropped its U.S. merger plans to pursue a de novo bank charter. UBS is eyeing crypto trading for private clients.

Onchain signals are shifting. CryptoQuant says bitcoin holders are realizing net losses — a pattern last seen during the 2021–22 cycle. CZ is back online, reflecting on prison, Trump, and a potential bitcoin supercycle.

Meanwhile, Farcaster says it’s staying online and returning $180 million to VCs. Coinbase expects a constructive Q1 after last year’s reset.

P.S. Don't forget to check out The Funding, a biweekly rundown of crypto VC trends. It's a great read — and just like The Daily, it's free to subscribe!

Binance applies for EU-wide crypto license via Greece under MiCA Binance has applied for a Markets in Crypto-Assets (MiCA) license in Greece, aiming to secure a unified regulatory approval that would allow it to operate across all 27 European Union member states.

If approved by Greece’s Hellenic Capital Market Commission, the license would let Binance bypass country-by-country authorizations using MiCA’s “passporting” framework. MiCA, which came into force in 2023, sets strict EU-wide standards for governance, consumer protection, and compliance. Existing crypto firms in the EU have until June 30 to obtain a license or risk having to exit individual countries. Binance has established a local Greek holding company and is working with major accounting firms like Ernst & Young and KPMG. While Greece is not typically viewed as a European crypto hub, Binance’s filing there may be strategic, given past regulatory hurdles elsewhere. Binance’s European journey has included withdrawals or suspensions in Germany, Austria, the Netherlands, and Belgium, while French regulators have inspected the firm’s operations. Binance says it has over 20 million users in the region and operates in at least six European countries. What’s next for US crypto legislation as Senate Ag Committee releases bill text Senate Agriculture Committee Chair John Boozman released the text of the crypto market structure bill on Wednesday. Boozman acknowledged that “fundamental policy issues” remain unresolved.

The bill includes pro–DeFi provisions and CFTC oversight, but lacks the full Democratic support needed to pass the Senate. Bipartisan support is essential: the bill needs 60 Senate votes, meaning at least seven Democrats must join Republicans. A source familiar with the matter told The Block that Democrats haven’t clearly articulated their opposition, though political disagreements seem to be at play. Senate Banking Committee efforts have stalled — Coinbase pulled its support due to disagreements over tokenized equities, stablecoin rewards, and DeFi treatment. Banking Committee hearings (or markups) are delayed as the panel shifts focus to housing and affordability. The Senate Agriculture Committee will hold its markup hearing next week to debate, amend, and vote on the bill.
Prospects for passage of a crypto bill remain slim ahead of the midterms, as political focus turns elsewhere, Saga CEO Rebecca Liao, a member of former President Joe Biden's 2020 presidential campaign, told The Block. Legislative momentum exists, but success will depend on resolving internal party disputes and aligning the Senate Banking Committee. CryptoQuant says bitcoin holders are realizing net losses for the first time since October 2023 Bitcoin holders are now realizing net losses after over a year of realized gains, marking the first instance since October 2023, according to CryptoQuant. This marks a “regime shift” from profit-taking to loss realization, the firm said.

Since Dec. 23, 2025, cumulative realized losses total ~69,000 BTC, per CryptoQuant. Realized profit momentum has declined steadily through successive lower peaks in 2024 and 2025, the firm noted. Net realized profits are now at 2.5 million BTC, down from 4.4 million BTC in October — the lowest since March 2024, according to CryptoQuant. Net realized losses also resemble levels from March 2022, the early stages of the last bear market, the firm added. The current pattern closely mirrors the 2021–2022 bull-to-bear transition, when net losses began to dominate, CryptoQuant said. It calculates realized P&L by comparing the price at transfer with the previous transfer price using onchain data. Dogecoin gets another ETF but Wall Street's memecoin appetite remains muted 21shares has launched the 21shares Dogecoin ETF (TDOG) on Nasdaq. The firm noted that it is the only ETF provider endorsed by the Dogecoin Foundation.

TDOG is the latest in a line of Dogecoin ETFs, following launches from REX-Osprey (DOJE), Bitwise, and Grayscale. Cumulative DOGE ETF trading volume since 2025 stands at ~$200 million, with less than $40M in AUM — underwhelming versus XRP ETFs, which did $2B+ in volume. Given DOGE's role as a memecoin, the flop from the ETF side is not a surprise to some. "It's the people's coin, built on memes, community energy, and viral moments," Dominant Strategies CEO Alan Orwick told Sherwood News earlier this month. "The fact that Dogecoin can pump 21% in a week without a single dollar of ETF inflows shows the community still has pricing power independent of Wall Street." Farcaster to return $180M to investors, says protocol will continue under Neynar Merkle Manufactory, the company behind decentralized social protocol Farcaster, plans to return the full $180 million it raised from investors, according to co-founder Dan Romero.

Romero clarified that Farcaster is not shutting down and will continue operating after its acquisition by Neynar, a decentralized social infrastructure startup. Neynar plans to steer the protocol toward a more developer-centric direction. Romero said Farcaster had 250,000 monthly active users in December and over 100,000 funded wallets. In the next week  U.S. durable goods orders and consumer confidence data are due on Monday and Tuesday, respectively. The Federal Reserve’s interest rate decision and Chair Jerome Powell’s press conference follow on Wednesday. Markets will watch jobless claims on Thursday and producer price index (PPI) data on Friday. Globally, the Bank of Canada announces its rate decision on Wednesday. GDP data from France, Spain, Germany, Italy, and the euro area are due Friday, along with Germany’s inflation print. China’s manufacturing PMI is out Saturday, and India unveils its Union Budget on Sunday. Plasma, Bitget, Jupiter, Kamino, Humanity, and Sign Global are among the crypto projects with upcoming token unlocks. Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem.

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.

TLDR

Less than 10% of traders on Polymarket and Kalshi believe Bitcoin will reclaim six figures before the end of January. There is a 65% probability that the price will first retreat to $80,000 before attempting a new all-time high. The investment community is closely watching MicroStrategy’s average purchase price as a vital psychological support level. Since the beginning of 2026, investor sentiment has turned cautious. The latest data from platforms such as Kalshi and Polymarket reveal that the possibility of seeing Bitcoin reach $100,000 in the short term is extremely low, with odds oscillating between 6% and 7% for the remainder of January.

This lack of bullish conviction comes amid a landscape of macroeconomic uncertainty and an absence of immediate catalysts. Although the pioneer cryptocurrency reached a yearly high of $97,900 on January 14, the price continues to struggle to maintain the momentum necessary to break the six-figure psychological barrier.

Furthermore, analysts are concerned that the derivatives market is pricing in more pessimistic scenarios. For instance, a majority of bettors on Polymarket give a 65% probability that the asset will drop toward the $80,000 range before seeing any significant recovery toward the end of the semester.

Institutional Support and Projections for 2026 Large corporate treasuries are also commanding the sector’s full attention, especially MicroStrategy. According to traders, there is a 75% probability that the Bitcoin price will fall below the average acquisition cost of the company led by Michael Saylor, which currently stands at $75,979.

However, despite the expected volatility, institutional commitment remains steadfast. Bets suggest an 84% probability that MicroStrategy will continue increasing its reserves to exceed 800,000 BTC by the end of December, acting as a pillar of constant accumulation.

In summary, although the goal of seeing Bitcoin reach $100,000 in the short term seems to be fading from the immediate calendar, the ecosystem is preparing for a rebalancing phase. Investors should monitor whether the $70,000 support level withstands selling pressure before a new cycle of price discovery begins.

A deepening rift is emerging within the crypto industry as Cardano founder Charles Hoskinson publicly rebukes Ripple CEO Brad Garlinghouse for backing the draft CLARITY Act.

Hoskinson argues that Garlinghouse’s support legitimizes flawed legislation, warning it could entrench regulatory shortcomings rather than deliver meaningful reform.

The criticism stems from Garlinghouse’s remarks at the recent CfC St. Moritz Conference, where he tackled the persistent uncertainty in U.S. crypto regulation. While conceding that the CLARITY Act is flawed, he argued it marks tangible progress, stressing that imperfect regulatory clarity is far better than the current landscape of fragmentation, confusion, and inconsistency.

“Clarity is always better than chaos,” Garlinghouse pointed out, highlighting that undefined rules have stifled innovation, deterred institutional involvement, and pushed crypto firms offshore. Ripple sees even an imperfect regulatory framework as essential for giving companies the confidence to grow and operate within the U.S.

Hoskinson remains unconvinced, echoing broader industry concerns that hastily drafted legislation like the CLARITY Act could cement biased definitions and entrench incumbents, while stifling decentralized projects and open-source innovation, core tenets of Cardano’s philosophy.

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Well, this debate has intensified after the U.S. Senate Banking Committee stalled the broader Crypto Market Structure Bill, following warnings from Coinbase CEO Brian Armstrong.

Armstrong cautioned that the draft legislation risked deepening the already murky regulatory environment, potentially creating greater compliance challenges for exchanges and developers rather than providing clarity.

Therefore, these events expose a deep fault line in crypto. While all agree that regulatory clarity is urgent, crypto leaders are clashing over the approach: some are pushing for immediate certainty to stabilize markets and attract investment, while others warn that hastily drafted laws could stifle innovation for years.

TLDR Table of Contents

TLDRBitcoin Faces Uncertainty in the Wake of Global Money Supply GrowthBitcoin Price Surge Remains Questionable, Says Timmer Jurrien Timmer from Fidelity questions whether Bitcoin’s recent surge to $95K signals a return to an uptrend or a countertrend bounce. Timmer points out that Bitcoin’s momentum curve is an extreme outlier compared to historical trends, suggesting a potential market rebalancing. Fidelity highlights the significant drop in Bitcoin futures interest and cooling inflows into Bitcoin ETFs as signs of institutional exhaustion. Timmer compares Bitcoin’s performance with gold, which continues to rise as a reliable hedge against global monetary expansion. The growing global money supply of $116.5 trillion may be affecting Bitcoin’s performance, while gold remains a stable investment. Jurrien Timmer, Fidelity’s Director of Global Macro, has raised concerns about Bitcoin’s recent rally to $95,000. He questioned whether this price surge signifies a return to an uptrend or is merely a “countertrend trap.” Timmer’s analysis highlights Bitcoin’s extreme momentum curve and suggests that further rebalancing may be needed before a clear market bottom can be established.

Bitcoin Faces Uncertainty in the Wake of Global Money Supply Growth Timmer linked Bitcoin’s uncertain trajectory to the growing global money supply, which now stands at $116.5 trillion. This increase, which is expanding at an annual rate of 11.4%, presents a challenge for Bitcoin’s role in the financial landscape. Despite Bitcoin’s rise, Timmer believes its current performance remains ambiguous, especially compared to the consistent growth of other assets.

Gold has continued to perform extremely well amid this evolving global world order. It also has beenkeeping up with the ever-expanding global money supply, which now sits at $116.5 trillion and growing at an 11.4% annual rate.

And Bitcoin? It’s hard to know whether the… pic.twitter.com/oniXJPpvDk

— Jurrien Timmer (@TimmerFidelity) January 23, 2026

Gold, in contrast, continues to perform well amid this global expansion. It has maintained its value as a reliable hedge, setting new highs. While Bitcoin struggles, gold is fulfilling its expected role as a store of value, which reinforces its continued appeal to investors.

Bitcoin Price Surge Remains Questionable, Says Timmer Bitcoin’s rise from $80,000 to $95,000 has raised doubts about the sustainability of this upward movement. Timmer pointed out that the correction might not be over and the current rally could be part of a countertrend bounce. He observed that the cryptocurrency’s recent momentum deviates from historical norms, making the price action more difficult to interpret.

Furthermore, Timmer highlighted key liquidity indicators suggesting that institutional interest in Bitcoin is cooling. Specifically, he mentioned a significant drop in Bitcoin futures interest, which signals a reduction in leverage. He also noted that inflows into Bitcoin exchange-traded funds (ETFs) have slowed, pointing to exhaustion among institutional investors.

Timmer’s analysis draws attention to the discrepancy between Bitcoin and gold, particularly as the latter continues to thrive. While Bitcoin remains volatile, gold has proven to be resilient, providing a stable investment alternative. As a result, more institutional capital may continue to shift toward gold as a safer asset, leaving Bitcoin’s long-term performance uncertain.

The global financial landscape, marked by expanding money supply and fluctuating asset values, calls for a closer evaluation of Bitcoin’s place in the market. Investors must pay attention to liquidity signals and whether Bitcoin can maintain its support at $95,000.