PermabullPete

The Truebit hacker laundered 8,535 ETH, valued at $26 million, through Tornado Cash after exploiting a smart contract vulnerability. Truebit is working with law enforcement and reviewing the protocol following the attack, which caused a drastic drop in TRU value.

The Tennessee Sports Wagering Council has issued cease-and-desist orders to Kalshi, Crypto.com, and Polymarket for allegedly offering unauthorized sports betting contracts, violating state laws. These platforms must stop operations, cancel contracts, and refund users by January 31.

President Trump signed an executive order to protect Venezuelan oil revenue in US Treasury accounts from legal seizure, reinforcing US foreign policy goals and regional stability. It aims to counter drug trafficking and limit foreign influence.

Metaplanet shares rose over 5% today, boosting year-to-date gains to 35%. The company accumulated over 35,000 Bitcoin, with recent purchases rekindling investor interest amid Bitcoin's underperformance since October 2025.

Nasdaq and CME have relaunched their joint crypto index as the Nasdaq CME Crypto Index to meet institutional demands for transparent benchmarks, supporting the development of regulated ETFs and diversified crypto strategies.

Bitcoin remains steady above $90K, with a potential $1.5B in short liquidations if it hits $95K. Current market conditions show low liquidation levels, indicating trader uncertainty.

BNY Mellon has launched tokenized deposit services to enable real-time payments and settlements on its private blockchain, initially focusing on collateral and margin workflows while ensuring regulatory compliance. This innovation allows clients to efficiently transfer funds and improve liquidity within a trusted system.

Tether has partnered with the UNODC to enhance cybersecurity in Africa, aiming to combat digital asset crime amid rising challenges. The initiative focuses on improving legal and financial frameworks while fostering digital inclusion and innovation to thwart organized crime.

Bitmine has staked an additional 19,200 ETH, raising its total to over 827,000 ETH valued at more than $2.5 billion. The company is launching a Validator Network and has a substantial crypto balance sheet focused on long-term accumulation.

BitFuFu, a Nasdaq-listed Bitcoin miner, increased its holdings to 1,780 BTC by adding 16 BTC. The company reduced its pledged balance, enhancing liquidity, and reported 188 BTC mined in December 2025, contributing to a total of 3,662 BTC for the year.

SIFMA is engaging with crypto leaders to resolve issues surrounding the upcoming crypto market structure bill. While progress was made on DeFi matters, significant disagreements on stablecoins persist as negotiations intensify ahead of a Senate vote.

Grayscale has initiated steps towards a BNB ETF by registering a statutory trust in Delaware. Despite a 4% increase in BNB's value, it still lags behind major cryptocurrencies like Ethereum and Solana.

VanEck predicts Bitcoin could reach $2.9 million by 2050 due to its adoption as a global settlement asset and central bank reserve. The firm emphasizes long-term structural adoption over short-term market cycles, recommending a modest portfolio allocation to Bitcoin.

SharpLink has invested $170 million in ETH on the Linea zkEVM Layer 2 network, utilizing a unique yield strategy that incorporates Ethereum yield, EigenLayer rewards, and incentives from Linea and EtherFi. Anchorage Digital serves as the asset custodian.

Optimism plans to use 50% of Superchain revenue for OP token buybacks, strengthening its link to network usage and economic growth. A governance vote is set for January 22, with buybacks starting in February if approved.

XRP ETFs experienced their first net outflows since November, totaling approximately $40 million on January 7, 2026, primarily from the 21Shares XRP ETF. Despite this shift, XRP has seen strong year-to-date performance, remaining above its yearly open.

Michael Saylor met with Senator Jim Justice to discuss digital assets, praising his advocacy for market neutrality and the BITCOIN Act. They also addressed the need for regulatory clarity to protect consumers while fostering innovation.