Today’s Top Caps
BTC $95K (+0.1%)
ETH $3315 (+1%)
USDT $1
BNB $950 (2%)
XRP $2.07 (+0.2%)
Source: Coinmarketcap
Today's Top Gainers
QNT, IMX, LIT, CHZ, GRT
Source: Coinmarketcap 24HR Top100
Top ETF Tracker
BTC -394M, ETH +4M,
SOL -2M, XRP +1M.
Source: Coinmarketcap / Coinglass
Today's Top Headlines
Coinbase CEO: We prefer no legislation at all over a flawed crypto bill
On January 16, Coinbase CEO Brian Armstrong criticized a proposed cryptocurrency bill in media interviews, warning it could harm U.S. consumers. He accused the banking industry of using "regulatory capture" to eliminate competition, noting that while banks work with crypto commercially, their lobbyists treat it as a zero-sum game. Armstrong highlighted that stablecoins' 100% reserves make them safer than banks' fractional reserve model, and argued crypto firms should be allowed to compete. He stated, "Rather than a bad bill, it's better to have no bill," preferring the status quo if the legislation favors banks.
In response The White House is reportedly furious with Coinbase and is considering pulling its support for the crypto market structure bill entirely if Coinbase does not come back to the table with a yield agreement that satisfies the banks and gets everyone to a deal,
Source: Brian Armstrong / Eleanor Terrett
Solana DEX Jupiter have introduced its stablecoin, JupUSD.
Jupiter said on X “We built JupUSD with the intention of being the most secure, transparent, and inclusive stablecoin in the world.
Here’s why:
1. It's the first stablecoin that actively returns native treasury yield to the ecosystem
2. It is backed 90% by BlackRock’s BUIDL Fund (stored in treasury bonds) and 10% by USDC, making the reserves as robust as anything out there
3. The native treasury yield is currently provided when you provide JupUSD on Jupiter Lend
4. Like JLP, this yield bearing asset jlJupUSD (need a better name...) is accessible as a core composable tradable token and DeFi primitive
5. We will actively look into providing more usage, integrations, and partners to enhance JupUSD
Of course, we are still early and will continue to build out JupUSD within Jupiter and the ecosystem.”
Source: JupiterExchange
Audi F1 Team has signed a multi-year deal with Nexo, making Nexo its first official digital asset partner ahead of Audi’s Formula 1 debut in 2026.
Nexo announced “Nexo is the Official Digital Asset Partner of the Audi Revolut F1 Team.”
Source: Nexo
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Genius Terminal, a trading terminal invested in by YZi Labs and advised by CZ, hit an all-time high on January 16 with a single-day trading volume of $650M, of which $525M was contributed by EVM networks.
The platform’s weekly trading volume has surpassed $1.57B. Additionally, Genius Terminal has accumulated over 27,700 wallets, with an average trading volume of $65,000 per trader. This surge in volume is likely driven by expectations of a future airdrop.
Source: WuBlockchain
Sunil says FTX payouts start March 31, with Feb 14 as the record date if you’ve completed KYC and paperwork.
This however, has been the 3rd or 4th rumoured date in the past 2 years.
Source: Cointelegraph
Nearly half of ALL Ethereum is now staked
Nearly 48% of circulating $ETH is now locked in staking, with total staked value surpassing $256 BILLION, according to Ethereum Beacon Chain data.
Source: Coinbureau
Until Next Time, Stay Frosty!
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