XRP was consolidating above $2.10 after Ripple secured UK regulatory registration on January 9, a development that reduced a major source of legal uncertainty and underpins renewed institutional interest. Traders are watching a bullish flag and a breakout from a descending channel that together set a clear path toward a $2.40 test if momentum holds.
Author: liam
liam
Liam writes about Web3 and decentralized finance, focusing on how protocols, applications, and governance models are used in practice. His coverage centers on real adoption, integration, and the mechanics behind decentralized systems.Market developments and regulatory context are part of his reporting when they intersect with Web3 or DeFi activity.
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The digital asset market begins the week showing indecision, with Bitcoin stalled near 92k at Monday’s opening. This sideways behavior occurs under the shadow of new political tensions in the United States, where Federal Reserve Chair Jerome Powell recently revealed legal subpoenas linked to his management, adding pressure to the financial landscape.
Tether announced that it injected between $40 million and $50 million into Ledn, valuing the bitcoin-backed lender at about $500 million. The deal ties the world’s largest stablecoin issuer to a leading consumer Bitcoin-backed lending platform and signals a strategic move to expand stablecoin usage in collateralized credit markets.
Shiba Inu (SHIB) has jumped roughly 25% so far in January, a move driven by concentrated whale buying and bullish technical signals. Traders are focused on whether the token can convert recent momentum into a decisive breakout above the $0.000010 area.
Bitcoin is currently in a phase of technical consolidation near 91,000 dollars. Polymarket traders assign a low probability that the court will uphold the presidential emergency powers. The market is cautiously observing the final legal resolution regarding these commercial measures. Therefore, volatility could significantly increase in the coming hours of Asian trading. Furthermore, price stability reflects a waiting period among major holders of digital assets.
Bank of America upgraded Coinbase (COIN) to a Buy rating, keeping a price target of $340. The bank tied the call to the growth outlook for Coinbase’s Layer‑2 network Base and broader tokenization opportunities, which it says could recompose the company’s revenue mix away from spot trading.
GateToken (GT) permanently removed 2.163.900 tokens from circulation for Q4 2025, a burn confirmed on january 8. The destruction was valued at over $26,92 million at the time of confirmation and forms part of Gate.io’s staged reduction of supply.
Rumble and Tether launched the Rumble Wallet, a non-custodial crypto wallet integrated into the Rumble video platform to enable native tipping and direct payments to creators. The feature is designed to let users tip in Bitcoin (BTC), Tether (USDT) and Tether Gold (XAUt), while offering fiat on‑ and off‑ramps via MoonPay and Alchemy Pay.
Zcash (ZEC) plunged through the $500 support and was trading around $406–$412, after a decisive technical breakdown. The move accelerated after reports of core developer departures and waning demand for shielded transactions, a mix that analysts say has flipped sentiment firmly negative.
India’s tax authorities have voiced deep concerns regarding crypto regulations in India before the Parliament’s finance committee. During a presentation this Wednesday, the tax department warned about the technical difficulty of tracking virtual digital assets effectively.
