Bitcoin trades near $82,500 as lawmakers delay budget approval amid immigration enforcement disputes and rising political tensions in Washington. Senate backs funding deal, but House delay triggers shutdown and fuels short-term volatility across crypto and broader financial markets.

The Zamoskvoretsky Court in Moscow has reportedly ordered BitRiver CEO Igor Runets to remain under house arrest amid tax evasion charges. Local outlets RBK and Kommersant reported that Runets was detained on January 30 and faces three counts for allegedly concealing assets to evade taxes. The

XRP Today's news shows price pressure. Trump nominates hawkish Kevin Wash as Federal Reserve Chair, ETF weekly outflows $52.3 million, XRP drops to $1.59. $1.5 becomes a key support level, breaking below tests $1.00. On February 2, the White House discussed the Market Structure Act, with a medium-term target of $2.5.

Washington is reportedly scrambling to break a high-stakes deadlock over crypto rules as banks and digital asset firms clash over stablecoin rewards, pushing the White House to broker talks that could shape U.S. market structure policy. White House Steps in as Banks and Crypto Clash Over

The U.S. government entered a partial shutdown again early Saturday morning. Although the Senate has passed the budget plan, the House has not yet voted, leading to a halt in funding for some agencies. The House is expected to reconvene on Monday. The Speaker of the House expressed support for the Senate's funding plan and hopes to resolve the budget dispute quickly. This incident highlights the fiscal policy disagreements between the two major U.S. parties.

Polymarket traders price Kevin Warsh above 90% after reports of a White House meeting with Trump. A sharp price spike reflects rapid repricing as political signals replace long market uncertainty. Trump plans to announce the Fed chair nominee as Jerome Powell’s term nears expiration. Kev

Digital collectibles, everyone is probably no stranger to them. Before 2021, domestic players called them NFTs; after 2021, domestic players called them digital collectibles. Rewinding to March 2021, Beeple's digital artwork sold for $69 million at Christie's auction house, allowing the global market to see the true value of NFTs for the first time and making this narrative a new focus beyond crypto assets. This wave quickly spread to China. Starting in the second half of 2021, major domestic companies began to test the waters one after another: Tencent's "Huanhe" launched in August 2021, digital collectible business under the AntChain ecosystem had already begun to promote and gradually form the "Jingtan" brand in 2021, and JD.com's "Lingxi" was launched at the end of 2021. Subsequently, in the first half of 2022, a large number of small and medium platforms flooded in, further accelerating industry expansion. According to industry data, by June 2022, China had

The U.S. Senate Agriculture Committee advanced the Cryptocurrency Market Structure Act on January 29 with a vote of 12 to 11. Despite unanimous opposition from the Democratic Party, the bill has moved to the next stage. However, the next challenge lies with the Senate Banking Committee, which has concerns about the bill's content, particularly the issue of "stablecoin interest earning." The White House plans to convene a meeting to try to promote bipartisan cooperation, but the bill will still need to go through multiple review processes before becoming law.

US President Donald Trump is poised to nominate Bitcoin-friendly Kevin Warsh as the next chair of the Federal Reserve, according to reports circulating ahead of an official Friday announcement. The White House is set to nominate a successor to Jerome Powell, whose term as chair ends in May. Warsh’s

Generation Z shifts from altcoins to prediction markets, with altcoin market capitalization evaporating by $150 billion, and Polymarket's weekly trading volume soaring from $500 million to $6 billion. Generation Z's annual income is $39,416, below the required $48,614, and they prefer quick binary bets, while Coinbase launched this week to accelerate the adoption of prediction markets.

Amit Mahensaria, founder of PRED, argues that the sports betting industry is at a tipping point as decentralized, peer‑to‑peer platforms challenge the traditional “house always wins” model. Technical Readiness Meets Cultural Shifts For decades, the sports betting industry has operated under a

The Senate Agriculture Committee passed the Cryptocurrency Market Structure Act by a vote of 12-11, but all three amendments were rejected. Booker angrily criticized the Trump family for making billions of dollars but pushing for legislation without moral provisions, and the moral and bailout prohibition amendments have not passed. The bill gives the CFTC regulatory powers, but it needs to be merged with the Banking Committee version before it can be submitted to a full House vote.

_White House mediates bank and crypto clash over stablecoin rewards as Senate delays the Clarity Act and broader US crypto rules up._ The White House is moving to address rising tensions between crypto firms and banks over stablecoin rewards. The dispute has slowed progress on federal crypto l

The White House plans a meeting with crypto and bank executives to resolve disputes delaying a crucial crypto market structure bill, primarily concerning stablecoin regulation. Banks oppose rewards for stablecoin users, fearing deposit losses, while crypto firms argue such rewards benefit consumers.

The probability of a US government shutdown has decreased from 80% to 40% as Trump and Schumer negotiate a budget cut plan, prioritizing the passage of DHS budget independently and focusing on defense and health budgets first. The Minnesota shooting incident has impacted negotiations, and the House recess may become a variable. If an agreement is reached successfully, it could boost market confidence; otherwise, it will trigger risk aversion.

South Dakota Reintroduces Bill to Allow Up to 10% of Public Funds to Be Allocated to Bitcoin as Part of Official Asset Portfolio South Dakota has once again seen a legislative attempt to incorporate Bitcoin into public sector asset allocation. A state legislator recently proposed a new bill advocating for the state government to invest a portion of public funds in Bitcoin, aiming to rekindle efforts that previously failed last year. Republican State Representative Logan Manhart formally submitted House Bill 1155 on Tuesday, which seeks to amend South Dakota's public investment regulations to authorize the State Investment Council to allocate up to 10% of qualified state government funds into Bitcoin. Investment methods include direct holdings

Key Takeaways South Dakota Representative Logan Manhart has introduced a bill to allow the state to invest public funds in Bitcoin. House Bill 1155 proposes investing up to 10% of select state funds in Bitcoin. The lawmaker introduced a similar bill in 2025, but it was blocked and not signed

The White House plans to meet with crypto companies and traditional bank executives to discuss the problematic digital asset market structure bill, particularly the regulation of stablecoin incentives. The summit, hosted by the White House Crypto Policy Committee, aims to gather market feedback, resolve disputes in the bill, and promote consumer protection and financial innovation.

Fairshake PAC has raised $193 million, just 10 months before the US midterm elections. The White House convened banking and crypto executives on Monday to address the CLARITY Act stablecoin yield controversy. Standard Chartered warned that stablecoins could drain $500 billion in deposits from banks. Fairshake's support for candidates in 2024 has a win rate of over 80%.

South Dakota has once again introduced a bill to invest in Bitcoin. Congressman Logan Manhart proposed House Bill 1155, allowing the state government to allocate up to 10% of public funds to Bitcoin and establishing safety regulations to address external concerns. The bill aims to promote the state's economy and aligns with similar measures promoted by multiple states across the United States.

Polymarket prediction markets show that the probability of the CLARITY Act (HR 3633) becoming law by the end of 2026 is 53%, an increase of 12% from the previous year. The bill was passed by the House of Representatives in July 2025 with a bipartisan vote of 294 to 134, clearly dividing regulatory authority between the SEC (securities assets) and the CFTC (commodity assets).

Senior Trader NoLimit warns on Sunday that "a full-scale crash countdown has begun," citing White House sources indicating that the market pattern in early 2026 is eerily similar to the 2008 Great Recession. Key indicators include a surge in Federal Reserve repurchase tools, gold and S&P 500 falling out of balance and breaking support levels, and the Sam rule hovering in the danger zone between 0.35% and 0.50%. The real estate debt bomb, waves of corporate bankruptcies, and de-dollarization trends form a potential perfect storm for a collapse.

White House Digital Asset Advisor Patrick Witt stated that Davos 2026 will become a key moment for the global normalization of cryptocurrencies, with stablecoins serving as the "gateway drug" into the crypto world. The US government is actively promoting regulatory clarity to facilitate the symbiotic relationship and stable development of crypto and traditional finance.

U.S. Senator Roger Marshall abandons the attempt to force the inclusion of credit card swipe fee amendments in the Cryptocurrency Asset Regulation Bill, temporarily reducing the conflict risk between the financial and retail industries, and helping to advance the Digital Asset Market CLARITY Act. The White House's intervention ensures the passage of the crypto bill, avoiding complex entanglements of interests between the two parties.

The cryptocurrency world witnessed a stunning meme coin spectacle as PENGUIN, the Penguin crypto token, exploded by over 18,000% in days, catapulting its market cap past \$170 million. This parabolic rally was ignited by an unlikely catalyst: a viral post from the official White House X account featuring a penguin, which supercharged the token's visibility. Fueled by key opinion leader endorsements and aggressive whale accumulation, the surge epitomizes the potent mix of narrative, timin

Prediction markets on Polymarket and Kalshi have placed BlackRock Chief Investment Officer Rick Rieder as the clear frontrunner to become the next Chair of the Federal Reserve, assigning him a 43-45% probability following explicit praise from President Donald Trump at the World Economic Forum in Davos. This surge displaces former favorite Kevin Hassett, whose odds collapsed to 8% after Trump signaled a preference to keep him in his current White House role. Rieder’s potential nomination r

Nietzschean Penguin (PENGUIN) surged from 0.0021 to 0.174 USD, then slightly retraced to 0.123 USD, with a trading volume of 579 million and a market capitalization exceeding 100 million. After the White House X account posted the "Embrace Penguin" tweet, PENGUIN trading volume skyrocketed to 244 million. Whales bought 2.6 million USD but also sold 1.7 million USD, with selling pressure increasing to 61.6.

The Nietzschean Penguin (PENGUIN) token, a memecoin launched on the Solana (CRYPTO: SOL) blockchain, surged by roughly 564% after a White House post on X featuring an image of the president and a penguin walking through the snow went viral. The move occurred despite a broader downturn in the memecoi

_Solana-based Penguin memecoin surged over 500% after a viral White House X post, highlighting social media influence on micro-cap crypto markets._ A little-known Solana memecoin shocked traders after a single White House post triggered a sharp rally. The unexpected surge illustrated the power o

_White House X posts fueled a surge in Solana memecoin PENGUIN, driving its market cap from $387K to nearly $94M within 24 hours._ Posts from the official White House X account triggered sudden attention around a little-known Solana memecoin. Traders linked the posts to PENGUIN, which moved fr

The Nietzschean Penguin (PENGUIN) token, a memecoin launched on the Solana (CRYPTO: SOL) blockchain, surged by roughly 564% after a White House post on X featuring an image of the president and a penguin walking through the snow went viral. The move occurred despite a broader downturn in the memecoi

U.S. President Trump no longer plans to buy Greenland and released an AI image of Trump holding a penguin, sparking online ridicule. Danish Prime Minister explicitly stated that sovereignty is non-transferable and launched military exercises to strengthen defense capabilities. This incident also caused the related meme coin PENGUIN's market capitalization to skyrocket.

Memecoin PENGUIN surged over 300% after a viral tweet featuring Trump with a penguin, sparking record trading volume. Analysts note that meme appeal and social media influence drove this volatility, urging caution amid rapid price changes.

Advisers at the U.S White House are pushing for advancement of the crypto market structure bill despite strong rejection from the industry leaders last week. The bill faced major criticism for suggesting eliminating stablecoin rewards, but a top White House digital assets adviser is urging

Coinbase’s Brian Armstrong pulled support for the CLARITY Act, arguing the draft harms DeFi and stablecoin rewards. The White House reacted sharply, warning the crypto industry not to overplay its influence in Washington. The Senate crypto market structure bill now faces delays as lawmakers

Ripple is among the sponsors of the USA House at Davos 2026, aligning with top U.S. financial institutions, with CEO Brad Garlinghouse featured by the WEF. To promote pro-crypto and pro-privacy policies, Donald Trump and Brad Garlinghouse will speak at Davos, aligning Ripple’s interests with

The Digital Asset Market Clarity Act (CLARITY Act) review has been postponed due to Coinbase withdrawing support, leading to a lack of consensus between traditional financial institutions and cryptocurrency industry players. The White House hopes that the crypto industry can negotiate with banks on the "Stablecoin Yield Terms," but this policy has significant industry implications. In the short term, the Banking Committee will prioritize housing market issues, while the Agriculture Committee is attempting to introduce its own bill but faces difficulties gaining party support. Advisors warn against missing the current opportunity and call for compromise to advance the bill.

Japanese Prime Minister Sanae Takaichi announces dissolution of the House of Representatives and early elections, triggering the "Takaichi trading" trend, leading to the yen's continuous depreciation against the US dollar, approaching 159. Market analysis indicates that Takaichi's expansionary fiscal policies will keep the yen weak. (Background recap: After record-breaking demand during internal testing, Bitget officially opens TradFi trading to all users) (Additional background: Japan's 40-year government bond yield surpasses 4%, hitting a new high; 20-year auction demand remains weak) Table of Contents Yomiuri Shimbun reports: Takaichi Cabinet plans to call early elections for 465 House seats Sanae Takaichi confirms on January 19: Dissolution of the House of Representatives on the 23rd, election on February 8 "Takaichi trading" continues to ferment: yen weakens, stock market oscillates at high levels Exchange rate: Yen Under pressure, the

In brief The image shared by the White House was based on a photo previously posted by Homeland Security Secretary Kristi Noem but appeared to include additional text and visual edits not present in the original. Users added a Community Note to the post, citing analysis by U.S.

House of Doge and Nasdaq-listed company Brag House Holdings have jointly launched the Such payment app, aimed at lowering the barriers for business use of Dogecoin and promoting it as a global decentralized currency. The app will feature autonomous wallet management and include a "Hustles" feature for micro-entrepreneurs, scheduled to go live in 2026. This move marks a shift of Dogecoin from speculation to practical application and is expected to boost its value growth.

Lawmakers increase pressure to pass the crypto market structure bill during a narrow political window Coinbase’s withdrawal deepens tensions between Washington policymakers and major crypto firms Stablecoin yield treatment emerges as the most contentious issue shaping the bill’s future Washington

White House advisor David Sacks says banks, stablecoins and crypto will merge into one digital asset industry as U.S. rules evolve and stablecoin yields go mainstream. Summary David Sacks predicts crypto, stablecoins and banks will converge into a single digital asset industry once

Patrick Witt said delaying a crypto market structure bill risks stricter future rules despite today’s rare pro-crypto political alignment. Witt criticized Coinbase’s withdrawal, arguing the bill sets a framework and refinements should occur later via rulemaking. Senate Banking paused mark

Ripple is among the sponsors of the USA House at Davos 2026, aligning with top U.S. financial institutions, with CEO Brad Garlinghouse featured by the WEF. To promote pro-crypto and pro-privacy policies, Donald Trump and Brad Garlinghouse will speak at Davos, aligning Ripple’s interests with

_White House official says U.S. banks will fully enter crypto after market structure law passes, following remarks made live at Davos 2026._ At the 2026 World Economic Forum in Davos, David Sacks, the White House’s crypto czar, announced that banks are preparing to fully adopt

Due to Coinbase withdrawing support, the Digital Asset Market Clarity Act has been delayed, and the Senate Banking Committee will need several weeks to resume hearings. The core issue of the bill lies in the divergence of interests between traditional finance and cryptocurrencies, especially regarding the terms of stablecoin yields. Even if the Agriculture Committee proposes a new version, the lack of Democratic support will pose obstacles. White House advisors warn the industry to recognize the political realities and to compromise to facilitate the passage of the bill.

In a defining statement from the World Economic Forum in Davos, White House Crypto and AI czar David Sacks has forecasted the inevitable convergence of traditional banking and the cryptocurrency sector into a unified "digital asset industry." Sacks pointed to the pending market structure legislation, particularly the stalled CLARITY Act, as the critical catalyst, urging both banks and crypto firms to compromise on the contentious issue of stablecoin yield to pass a bill. He argued that on

Caroline Ellison, the former CEO of Alameda Research, has been released from federal custody after serving approximately 440 days of a two-year sentence. Her departure from a New York halfway house marks a pivotal moment in the long-running FTX saga, concluding her personal legal reckoning for fraud and conspiracy charges. Ellison’s cooperation as the prosecution's star witness was instrumental in securing the conviction of FTX founder Sam Bankman-Fried, demonstrating the significant leve

White House crypto czar Gary Gensler stated at Davos that after the passage of the Market Structure Act, TradFi banks and crypto companies will merge into "a digital asset industry." However, the competition over stablecoin yields has become the main obstacle to the CLARITY Act, with the largest compliant crypto exchange in the US withdrawing support, citing that the draft favors banks.

White House crypto czar Gary Gensler stated at Davos that after the Market Structure Act passes, TradFi banks and crypto companies will merge into "a digital asset industry." However, the competition over stablecoin yields has become the main obstacle to the CLARITY Act, with Coinbase withdrawing support, citing that the bill favors banks.