Headline
▌A New Wallet Withdraws Over 76,000 ZEC from Binance, Worth $31.65 Million
According to OnchainLens monitoring, a newly created wallet withdrew 76,661 ZEC from Binance, worth $31,650,000.
▌Trump: Has a Nominee for Fed Chair
US President Trump stated that he has a nominee for Fed Chair.
As of press time, according to CoinGecko data: BTC price is $95,246.00, a 24-hour change of approximately -0.18%; ETH price is $3,285.93, a 24-hour change of approximately -0.34%; BNB price is $936.17, a 24-hour change of approximately +0.68%; SOL price is $144.24, a 24-hour change of approximately... +1.64%; DOGE price is $0.137693, a 24-hour change of approximately -1.17%; XRP price is $2.06, a 24-hour change of approximately -0.48%; TRX price is $0.309689, a 24-hour change of approximately -0.52%; WLFI price is approximately $0.168–$0.170, a 24-hour change of approximately... 80);">+0.5%
Policy
▌US Senators Oppose Including Crypto Developer Protection in Market Structure Bill
US Senators Chuck Grassley and Dick Durbin stated in a letter to the Senate Banking Committee that the Blockchain Regulatory Determination Act (BCRA) should not be included in the Crypto Market Structure Bill. The letter points out that Section 604 of the Banking Committee bill aims to protect crypto software developers from criminal liability for the misuse of their products, but this would weaken federal law targeting unlicensed money transfer businesses. The Senate Judiciary Committee was not consulted and had no opportunity to review the relevant provisions. The letter cites the Justice Department's case against Tornado Cash developer Roman Storm, emphasizing the importance of existing regulations and calling for the rejection of any proposals that weaken the government's ability to hold individuals accountable, including Section 604.
U.S. Treasury Secretary Bessenter: Fed Chair Candidates Reduced to Four U.S. Treasury Secretary Bessenter stated that the number of candidates for Federal Reserve Chair has been reduced to four, and the decision is expected to be made before or after Davos. For Fed Governor Bowman, the most appropriate arrangement is to continue in her current position. Milan can continue serving as a Fed Governor after January 31st. Trump has not yet shared his views with him regarding the Fed Chair selection. Speaking about Hassett and the Fed, Bessenter said it was Trump's prerogative. Bessenter: Supreme Court "Highly Unlikely" to Invalidate President Trump's Tariff Policy According to WatcherGuru, U.S. Treasury Secretary Bessenter stated that the Supreme Court is "highly unlikely" to invalidate President Trump's tariff policy. The White House confirms that the Bitcoin seized in the Samourai case has not been sold and will be included in the strategic reserve. White House digital asset advisor Patrick Witt stated that the U.S. Department of Justice has confirmed that the Bitcoin seized by Samourai Wallet developers William Lonergan Hill and Keonne Rodriguez as part of their legal proceedings has not been sold and will not be sold. It will remain in the U.S. Strategic Bitcoin Reserve (SBR) on the government's books. This action complies with President Trump's Executive Order 14233, signed in 2025, which stipulates that Bitcoin seized as criminal or civil assets cannot be sold and must be used for the government's strategic reserve. Previous reports suggested that some of the Bitcoin may have been sold, but this information has been clarified. Samourai Wallet offered cryptocurrency mixing functionality to conceal the origin of transactions. Rodriguez was sentenced to five years in prison for operating the wallet, and Hill, as its chief technology officer, was sentenced to four years.
Blockchain Applications
▌Sei Labs Co-founder: SIP-3 Upgrade Expected to be Completed Mid-Year, Followed by SeiGiga Upgrade
Jay, co-founder of Sei Labs, posted that Sei Giga is about to be released, the team is working hard, and there will be a major announcement soon. The SIP-3 upgrade of the Sei network is the final technical hurdle for the Sei Giga upgrade. The goal of the SIP-3 upgrade is to eliminate Sei's dual architecture (EVM+Cosmos) and transform it into a pure EVM chain, which involves deleting hundreds of thousands of lines of code. By mid-2026, Sei will become a pure EVM chain, at which point only EVM addresses can initiate transactions. Once SIP-3 is achieved, SeiGiga will be the next target.
Coinbase to Adjust Price Precision for Some Digital Assets
Coinbase announced that around 12:00 PM Eastern Time on January 22, 2026, the Coinbase exchange will update the price precision of some digital assets:
RAD-USD: Adjusted to 0.001;
ALEO-USD, BADGER-USD, CGLD-USD, GTC-USD, ME-USD, MINA-EUR, MINA-USD, VVV-USD, XTZ-EUR, XTZ-GBP, XTZ-USD: Adjusted to 0.0001;
FOX-USD: Adjusted to 0.00001;
ETH-BTC, MKR-BTC, YFI-BTC: Adjusted to 0.000001;
AAVE-BTC: Adjusted to 0.0000001;
Coinbase announced that around 12:00 PM Eastern Time on January 22, 2026, the Coinbase exchange will update the price precision of some digital assets:
RAD-USD: Adjusted to 0.001;
ALEO-USD, BADGER-USD, CGLD-USD, GTC-USD, ME-USD, MINA-EUR, VVV-USD, XTZ-EUR, XTZ-GBP, XTZ-USD: Adjusted to 0.0001;
FOX-USD: Adjusted to 0.000001;
ETH-BTC, MKR-BTC, YFI-BTC: Adjusted to 0.000001;
ATOM-BTC, COMP-BTC, CRV-BTC, DOT-BTC, ICP-BTC, UNI-BTC: Adjusted to 0.00000001.
Etherealize Co-founders: ETH Price May Reach $15,000 by the End of 2026
According to Coindesk, Ethereum co-founders Vivek Raman and Danny Ryan claim that Ethereum's decade-long real-world testing makes it the "safest and most reliable" choice on Wall Street, citing deployments by BlackRock, Fidelity, and JPMorgan Chase. Raman predicts that ETH's market capitalization will rise to trillions of dollars, and the price of each token could reach $15,000 by the end of 2026. This view is based on three pillars: a five-fold increase in the stablecoin market, a five-fold increase in tokenized real-world assets, and ETH becoming a "productive store of value" similar to Bitcoin.
If ETH breaks through $3,455, the cumulative short liquidation intensity on major CEXs will reach $1.32 billion.According to Coinglass data, if ETH breaks through $3,455, the cumulative short liquidation intensity on major CEXs will reach $1.32 billion. Conversely, if ETH falls below $3,128, the cumulative long liquidation intensity on major CEXs will reach $967 million.
ZachXBT: One user loses over $282 million in LTC and BTC due to a hardware wallet social engineering scam.
According to ZachXBT monitoring, a victim lost over $282 million in LTC and BTC due to a hardware wallet social engineering scam.
The attackers then converted the stolen LTC and BTC into Monero through multiple instant exchange platforms, causing a brief surge in the XMR price. Some BTC was also transferred to the Ethereum, Ripple, and Litecoin networks via Thorchain. Approximately 2.05 million LTC and 1459 BTC have been disclosed as stolen from the addresses.
Important Economic Developments
▌US Treasury Secretary Bessenter: US fiscal deficit to reach 5.4% of GDP in calendar year 2025
US Treasury Secretary Bessenter stated that the US fiscal deficit to reach 5.4% of GDP in calendar year 2025.
US Treasury Secretary Bessenter stated that the US fiscal deficit to reach 5.4% of GDP in calendar year 2025.
Bowman Defies Trend, Advocates for Rate Cuts; Analysts Say Her Future Vote Could Be Key. Analyst Adam Button stated, "It was thought that Bowman might return to a hawkish stance after her failed bid for Fed Chair, but she remains steadfast. Her views on 'moderate restraint' contradict the consensus of most Fed members, who believe current policy is either in a neutral range or very close. Her voice will become very important over time, as there could be close votes, and she could easily revert to a hawkish stance if prices rebound." Fed Governor Bowman: Fed Should Be Ready to Cut Rates Again. Fed Governor Bowman stated that given the current risks, the Fed should not signal a pause in its rate-cutting cycle and should be ready to cut rates again.
Golden Encyclopedia
▌Why do DAT Treasury stocks fall faster than their underlying assets?
DAT Treasury reserve strategies work well during market rallies. Stocks of companies holding large amounts of cryptocurrency assets tend to outperform their holdings, attracting investors who want to invest in cryptocurrencies but don't want to hold them directly. However, this relationship collapses sharply during market downturns. Cryptocurrency Treasury stocks often fall more sharply than the cryptocurrencies they hold. This pattern is not accidental but stems from the interplay between the stock market, corporate balance sheets, and investor behavior. Theoretically, if a company holds a large amount of cryptocurrency, its market capitalization should move in line with the price of that asset. But in reality, history shows otherwise. During market sell-offs, these stocks often underperform the cryptocurrencies they hold.
The reason cryptocurrency treasuries exhibit this trend is that buying these stocks is not the same as buying Bitcoin.
Investors are buying equity in a highly leveraged, market-sentiment-driven company that holds Bitcoin. This distinction becomes crucial when market risk appetite weakens. During an uptrend, crypto treasury stocks typically trade above their net asset value. These expectations vanish when market sentiment shifts. Many investors begin prioritizing downside protection and balance sheet robustness over growth potential. The premium narrows rapidly, often turning into a discount. Therefore, the price decline is not only due to a decrease in the value of the cryptocurrency but also to a shrinking valuation multiple. During periods of heightened risk aversion, funds are more likely to shift from alternative assets like stocks to ETFs, or even withdraw from the cryptocurrency market entirely, accelerating premium compression. This structural shift has resulted in a faster and greater rate of premium compression than in previous cycles.
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