🔥 Key Takeaways
- Crypto market sees a significant rally with Bitcoin (BTC) reaching $95k and Ethereum (ETH) hitting $3313.
- Solana (SOL) experiences a 13% pump after an intern goes rogue, while Monero reaches another all-time high.
- Largest ETF inflow in 3 months fuels the crypto rally, with BTC ETFs seeing an influx of $754m and ETH ETFs gaining $130m.
- Senate committee to vote on crypto bill on January 27, with stablecoin issues still being debated.
- Notable investments and acquisitions include CZ’s investment in Genius Terminal and Polygon Labs’ purchase of Coinme and Sequence for $250m.
Crypto Market Sees Significant Rally
The crypto market has experienced a notable upswing, with Bitcoin (BTC) reaching $95,000, representing a 3% increase, and Ethereum (ETH) hitting $3,313, marking a 6% gain. This rally is largely attributed to the largest ETF inflow in three months, with BTC ETFs receiving $754 million and ETH ETFs gaining $130 million. The overall market sentiment seems positive, with the Bitcoin dominance (BTC.D) slightly decreasing to 59.2%, indicating a shift towards altcoins.
Solana’s Rogue Intern and Monero’s ATH
Solana (SOL) has seen a surprising 13% pump after an intern went rogue, though details of the incident are still scarce. Meanwhile, Monero has reached another all-time high, demonstrating the coin’s resilience and popularity among privacy-focused investors. Other top gainers include IP, ICP, PUMP, PEPE, and ENA, showcasing the diversity and volatility of the crypto market.
Regulatory Developments and Investments
A Senate committee is set to vote on a crypto bill on January 27, with stablecoin issues remaining a point of contention. Despite regulatory uncertainties, investments in the crypto space continue to grow. CZ has invested in Genius Terminal, a perp trading platform, while Polygon Labs has acquired Coinme and Sequence for $250 million. Additionally, BitPanda is eyeing an IPO in Frankfurt in the first half of 2026, and Coingecko is considering sales at a $500 million valuation.
Global Crypto Adoption and Challenges
Russia has announced plans to open its crypto markets further for payments, reflecting a global trend towards increased adoption. However, challenges persist, such as the ongoing crypto wrench attacks in France. In a positive development, Pakistan is set to integrate WLFI’s USD1, signaling broader acceptance of digital currencies. Ethena Labs has also made its USDe stablecoin free from gas fees, enhancing usability.
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