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January 8 report: The cryptocurrency market is on a downward trend. As of press time, $Bitcoin (BTC.CC)$ fell by 0.57%, trading at $90,824.73; $Ethereum (ETH.CC)$ dropped by 0.63%, trading at $3,144.91.
$Morgan Stanley (MS.US)$ has submitted a registration statement for its Ethereum Trust to the U.S. Securities and Exchange Commission (SEC). This filing follows its recent application for spot Bitcoin and Solana ETFs. Morgan Stanley opened crypto asset investment channels for clients through its wealth management division in October last year.
According to Finance Feeds, the legislative landscape for the U.S. cryptocurrency industry has reached a critical turning point, with the Senate Banking Committee officially setting the review date for the Digital Asset Market Transparency Act (commonly known as the CLARITY Act or Crypto Market Structure Act) for Thursday, January 15, 2026. Senator Tim Scott, Republican from South Carolina and chair of the committee, announced this decision following a series of intense closed-door meetings earlier in January.
Senator Scott emphasized that regardless of any difficulties, the committee will proceed with a formal vote. Republican leadership views this deadline as strategically necessary, as they are racing against time to complete legislative work before the January 30 federal government key spending deadline, which could otherwise trigger another government shutdown. The committee aims to submit the bill for full Senate consideration amid continued positive momentum for cryptocurrencies during the current administration, with the vote scheduled for next Thursday.
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CleanSpark’s total mining output for 2025 was 7,746 BTC, with a total holding of 13,099 BTC.
Nasdaq-listed Bitcoin mining firm $CleanSpark (CLSK.US)$ Released an operational update report as of December 31, 2025. Last month, the company mined 622 BTC, with a total mining output of 7,746 BTC for the year 2025. Additionally, CleanSpark sold 577 BTC last month for proceeds of approximately $51,461,322, bringing its total Bitcoin holdings to a slight increase of 13,099 BTC.
According to Onchain Lens monitoring, $Bitmine Immersion Technologies (BMNR.US)$ recently staked another 109,504 ETH, valued at $344.4 million. To date, the cumulative staking amount is 908,192 ETH tokens, worth $2.95 billion.
According to an announcement by the Wyoming Stable Token Commission, the U.S. state of Wyoming has officially issued its government-backed fiat-reserve stablecoin ‘FRNT’ through the Kraken exchange, becoming the first U.S. state to issue a fully reserve-backed stablecoin via a public institution. FRNT is deployed on the Solana blockchain and can be bridged to multi-chain networks such as Ethereum and Arbitrum via Stargate. The stablecoin is available to both individuals and institutions, supporting near-instant settlement with transaction fees as low as $0.01. Interest from its reserves will be used to support education within the state.
$JPMorgan (JPM.US)$ Kinexys, the blockchain division, along with Digital Asset, announced plans to natively deploy JPMorgan’s dollar deposit token, JPM Coin (JPMD), onto the privacy- and compliance-focused Canton Network. Both parties stated that the relevant integration will proceed in phases throughout 2026, with initial efforts focusing on supporting the issuance, transfer, and near-instant redemption of JPM Coin on the Canton Network, as well as exploring the integration of other digital payment products from Kinexys into the network. Previously, DTCC selected the Canton Network for the tokenization of traditional financial assets.
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BTCS, an Ethereum treasury company, increased its holdings to over 70,000 ETH, with projected annual revenue of $16 million.
Ethereum crypto treasury (DAT) company $BTCS Inc (BTCS.US)$ Announced preliminary 2025 financial results, with unaudited full-year revenue of approximately USD 16 million, representing a year-on-year increase of 290%, primarily driven by the growth of Builder+, Node Ops, and Imperium businesses. As of December 31, 2025, BTCS total assets increased by approximately 600%, with Ethereum holdings exceeding 70,000 ETH.
Entering 2026, BTCS will continue to focus on building a crypto-native, profitable infrastructure company centered around Ethereum, expanding the scale of Imperium, broadening ecosystem partnerships, and executing with discipline to drive long-term shareholder value.
Yi Lihua, founder of Liquid Capital, posted on the X platform that ETH performed well in terms of returns in 2025, with prices rising from $1,400 to $4,900, presenting an opportunity exceeding threefold. His team was bullish on ETH above $1,000 and liquidated their positions around $4,500, with all related operations disclosed on-chain. Currently, they are buying at around $3,000 and expressed confidence that ETH will still have significant opportunities in 2026. Meanwhile, Jack Yi stated there will be more development along the ETH roadmap.
According to PR Newswire, $Bit Digital(BTBT.US)$, a Nasdaq-listed Ethereum crypto treasury (DAT) company, $Bit Digital (BTBT.US)$ released updates on its treasury and staking data. After increasing its Ethereum holdings by 642 ETH in December, the company held 155,227.3 ETH as of the end of 2025, valued at approximately USD 460.5 million. It has staked 138,263 ETH, accounting for 89% of its total ETH holdings, generating approximately 389.6 ETH in staking rewards.
Renan Santos, a Brazilian presidential candidate, recently stated that Brazil should consider establishing a national strategic Bitcoin reserve, calling the proposal “feasible” and including it in his campaign platform. Santos is the founder of the newly established political party Partido Missão and a co-founder of the right-wing Free Brazil Movement. He publicly expressed his desire to emulate Salvadoran President Nayib Bukele’s Bitcoin policies and anti-corruption initiatives. In recent years, discussions about incorporating Bitcoin into Brazil’s national fiscal reserves have intensified, with Congress holding hearings on related topics. Santos also noted that blockchain technology could serve as a crucial tool for combating corruption in the public sector, enhancing transparency in fund management.
Sotheby’s International Realty released its ‘2026 Luxury Outlook’ report, highlighting that cryptocurrencies are playing an increasingly significant role in the global luxury real estate market. The report notes that in regions such as Dubai, New York, and California, cryptocurrencies are being used more frequently in high-end residential transactions. Certain regulatory changes may even allow cryptocurrencies to be considered for mortgage qualification.
According to Fortune magazine, blockchain infrastructure company Fireblocks has reached an agreement to acquire crypto accounting platform TRES Finance for USD 130 million in cash and equity. This marks Fireblocks’ second acquisition in three months, following its purchase of crypto wallet startup Dynamic for approximately USD 90 million in October last year. Michael Shaulov, co-founder and CEO of Fireblocks, stated that acquiring TRES will help the company provide more comprehensive treasury management solutions to its enterprise clients.
Founded in 2022, TRES Finance offers a platform that assists corporate treasurers and accountants in tracking cryptocurrency flows across multiple platforms and wallets. Its clients include venture capital firm CoinFund, analytics platform Nansen, and the development team behind crypto wallet Phantom. TRES completed an USD 11 million funding round at the end of 2023. Tal Zackon, co-founder and CEO of TRES, noted that the acquisition price exceeded the company’s most recent valuation.
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Upexi disclosed an increase in its holdings by 67,594 SOL, bringing the total holdings to over 2.174 million SOL.
According to Globenewswire, Upexi, a Nasdaq-listed Solana treasury company, $Upexi (UPXI.US)$ updated $Solana (SOL.CC)$ its holdings, disclosing an increase of 67,594 SOL. As of January 5, 2026, the total SOL holdings reached 2,174,583, with a market value exceeding $300 million at current prices. Additionally, the company announced the repurchase of 416,226 shares at an average price of $1.92 per share and continues to actively deploy capital for further SOL purchases and stock buybacks.
According to Fortune magazine, Babylon, a decentralized protocol co-founded by Stanford University professor David Tse, completed a $15 million financing round led by a16z Crypto under Andreessen Horowitz. The project’s valuation remains undisclosed. Babylon has developed a protocol called BTCVaults, which enables Bitcoin holders to use their Bitcoin as collateral without relying on third parties such as exchanges or stablecoin issuers while retaining control of their assets.
The protocol is scheduled to integrate with the lending protocol Aave in the second quarter of 2026. Tse stated that the goal is to leverage cutting-edge technology to help users bypass intermediaries, enabling Bitcoin assets to generate returns more directly. Founded in 2021, Babylon currently has a team of over 40 members and has yet to generate revenue.
According to Bloomberg, Revolut Ltd. is negotiating with Turkish digital bank FUPS regarding an acquisition to launch its services in Turkey. Sources indicated that no final decision has been made, and it is uncertain whether the acquisition will proceed. If an agreement is reached, the deal will require approval from Turkey’s banking regulatory authority (BDDK).
According to a report by The Block, based on $Riot Platforms (RIOT.US)$ the latest monthly production update report, the company sold 1,818 Bitcoins in December, cashing out $161.6 million, reducing its Bitcoin reserves from 19,368 at the end of November to 18,005. The company stated that its average selling price for Bitcoin was $88,870 per coin, an 8% decrease compared to $96,560 in November, but total revenue from Bitcoin sales increased by 337% month-over-month, rising from $37 million in the previous period to $161.6 million.
Notably, according to disclosed information analysis, the December sell-off marked Riot’s largest single-month Bitcoin sale and only the third net reduction in reserve holdings since 2025. The update report shows that the company produced a total of 460 Bitcoins in December, an 8% increase from 428 in November but an 11% decline compared to 516 in December 2024. This sell-off occurred during a period of severe pressure on mining profitability.
Data indicates that hash prices remained at cyclical lows for most of the last quarter. Riot’s Bitcoin sales were synchronized with adjustments to its capital strategy. The company revealed that earlier this month, Riot Games revised its market equity issuance plan, replacing the previous plan with a remaining balance of approximately $150 million with a new plan allowing for up to $500 million in stock issuance.
According to a report by Globenewswire, video-sharing platform $Rumble (RUM.US)$ and stablecoin issuer Tether announced the joint launch of the non-custodial crypto wallet Rumble Wallet, which can be directly integrated into the Rumble platform. The wallet will support USDT, XAUt, and Bitcoin, enabling users to directly tip creators in cryptocurrency. The wallet also supports embedding cryptocurrency payments into the video-sharing platform, eliminating the need for intermediaries such as ad networks, banks, or payment processors, allowing creators to receive payments directly from their audience. MoonPay will provide full-process cryptocurrency entry and exit channels for Rumble Wallet users.
According to a report by The Block, Ali Yahya, General Partner at a16z Crypto, stated in a blog post published on Tuesday that by 2026, privacy will become the most critical competitive differentiator for blockchain networks. Privacy is a key missing feature hindering the full transition of global finance to on-chain operations and remains absent in most blockchains. Despite the convergence of throughput and transaction fees across various networks, privacy alone is now sufficient to distinguish different chains and lock in users.
The emphasis on privacy is not limited to the blockchain itself. Shane Mac, co-founder and CEO of XMTP Labs, wrote in a blog post by a16z Crypto that as concerns about quantum computing grow, the next phase of secure communication development will require a combination of decentralization and encryption technologies. Mac called for the establishment of open protocols without a single controlling entity, where users fully own their messages and identities. a16z Crypto also emphasized the necessity of ‘Confidentiality as a Service,’ positioning privacy as core infrastructure.
Adeniyi Abiodun of Mysten Labs pointed out that institutions need to ensure cryptographic guarantees for access to sensitive data. The lack of native data access controls will force enterprises to adopt centralized systems that limit interoperability, while programmable access rules can unlock on-chain systems. Security remains a core issue. Daejun Park, a cryptographic engineer at a16z Crypto, stated that attacks on the DeFi sector in 2025 exposed the limitations of the current audit-driven security model, and the industry needs to shift from ‘Code is Law’ to ‘Regulation is Law.’
$BitFuFu (FUFU.US)$ Released unaudited operational updates as of December 2025. The data shows that the company mined a total of 188 Bitcoin during the month, including 151 from cloud mining and 37 from self-operated mining. As of December 31, the Bitcoin holdings amounted to 1,780 BTC, an increase of 16 BTC compared to the previous month. The company also disclosed that the number of staked Bitcoin had decreased from 620 to 274 to enhance the availability and liquidity of Bitcoin on its balance sheet. Additionally, in 2025, the company mined a total of 3,662 Bitcoin.
According to Cointelegraph reports, $Barclays (BCS.US)$ Made its first investment in a stablecoin-related company—Ubyx, a U.S.-based stablecoin clearing platform, though the specific scale of the investment was not disclosed. Ryan Hayward, Head of Digital Assets and Strategic Investments at Barclays, stated, ‘As the fields of tokens, blockchains, and wallets continue to evolve, technical expertise will play a key role in providing connectivity and infrastructure, enabling seamless interaction for regulated financial institutions. This investment aligns with Barclays’ exploration of opportunities based on new forms of digital currencies, such as stablecoins.’ In June of the previous year, it was reported that Ubyx, a stablecoin startup, completed a $10 million seed funding round led by Galaxy Ventures.
Editor/Joe