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Crypto markets took a sharp turn as liquidations topped $477 million and Bitcoin slipped below $90K. Zcash plunged 20% following the resignation of its core development team, while Optimism proposed OP token buybacks. Meanwhile, U.S. Senate committees are preparing to vote on a landmark crypto market structure bill on Jan. 15.
Let’s unpack it all below! 👇
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News Roundup
Artificial Intelligence
Decentralized, Centralized, & Traditional Finance
Exchanges
Exchange-Traded Funds
On Jan. 7, U.S. Bitcoin spot ETFs saw $486.08million in net outflows.
U.S. Solana spot ETFs recorded $1.97 million in net inflows on Jan. 7.
21Shares Announces TETH Distribution (Globe Newswire)
Infrastructure
Sei Urges USDC.n Holders to Swap Ahead of EVM-Only Upgrade (The Block)
Ethereum Combines BitTorrent’s Scale With Linux’s Trust (Vitalik Buterin)
Markets
Bitcoin Seen Stuck in Sideways Range as Capital Flows Fade (Cointelegraph)
Fintech Giants Double Down on Crypto as 2026 Shapes Up to Be a Breakout Year (DL News)
JustLend DAO’s JST Token Tops $400M Market Cap (CoinMarketCap)
Zcash Drops 20% After Core Developer Team Resigns (DL News)
Crypto Liquidations Surge Past $477M as Bitcoin Drops Below $90K (Decrypt)
U.S. Jobless Claims Beat Estimates Came in at 208k, Below Expectations (DOL)
U.S. Trade Balance for October Was a Deficit of $29.4 billion, $58.9 Expected (USCB)
Optimism Proposes OP Buyback Using Half of Superchain Revenue (Optimism)
Monero Reclaims Privacy Lead as Zcash Governance Crisis Hits Confidence (The Block)
Politics & Regulation
Senate Committees Set Jan. 15 to Vote on Sweeping Crypto Market Structure Bill (The Block)
Stablecoin Rewards Emerge as Flashpoint Ahead of Senate Crypto Bill Vote (Decrypt)
Kalshi CEO Backs Bill to Ban Insider Trading on Prediction Markets (The Block)
India Tax Authorities Flag Crypto Enforcement Risks Ahead of Union Budget (Decrypt)
Florida Revives Bitcoin Reserve Plan With New 2026 Bill (CoinDesk)
South Korea Supreme Court Rules Exchange-Held Bitcoin Can Be Seized (Decrypt)
Token Generation Events
Solana Mobile to Airdrop SKR Tokens to Seeker Users, Excluding Saga Owners (Decrypt)
Treasuries
Bitmine Boosts Ethereum Staking With Nearly 100,000 ETH Buy (Yahoo Finance)
Other News
China’s Wealthy Reconsider Bitcoin Over Luxury Real Estate as Store of Value (Cointelegraph)
Trust Wallet Hack Exposes Key Security Risks for Crypto-Friendly SMEs (Cointelegraph)
SlowMist Warns of IDE Exploit Risk From Opening Malicious Project Folders (SlowMist)
Bitcoin OG Davinci Jeremie Shrugs Off $100K Milestone (Cointelegraph)
CZ Reveals Title to His Upcoming Memoir, Denies Link to Meme Token (CZ)
China saw 75,000 Blockchain Firms Founded in 2025 (DL News)
Check This Out!
Data from River shows that the 21 largest Bitcoin holders collectively accumulated about $40B in BTC over the course of 2025.
Source: River
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