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Децентрализованный блокчейн первого уровня Sui Network возобновил производство блоков после сбоя, который продлился пять часов и 52 минуты. В сети было временно заморожено более $1 млрд.

The Senate Banking Committee has pulled the scheduled Thursday markup of its crypto asset market structure bill after a late-stage flare-up with Coinbase, freezing what had looked like a tightening path toward action. The pause lands at a sensitive moment for Washington’s crypto negotiations: industry heavyweights are publicly splitting over the Senate draft even as lawmakers insist bipartisan talks are still alive.

Senate Banking Committee Chairman Tim Scott (R-S.C.) said Wednesday the committee will postpone the markup “as bipartisan negotiations continue,” framing the delay as tactical rather than terminal. “I’ve spoken with leaders across the crypto industry, the financial sector, and my Democratic and Republican colleagues, and everyone remains at the table working in good faith,” Scott wrote on X. “As we take a brief pause before moving to a markup, this market structure bill reflects months of serious bipartisan negotiations and real input from innovators, investors, and law enforcement.”

Scott positioned the bill as a foundational framework rather than a narrow industry carveout. “The goal is to deliver clear rules of the road that protect consumers, strengthen our national security, and ensure the future of finance is built in the United States,” he added.

Coinbase Breaks Ranks Late

The immediate catalyst was Coinbase CEO Brian Armstrong, who said the exchange “can’t support the bill as written” after reviewing “the Senate Banking draft text over the last 48hrs.”

Armstrong argued the draft contains multiple provisions he says would be “materially worse than the current status quo,” contending that it amounts to “a defacto ban on tokenized equities,” includes “DeFi prohibitions” that expand government access to financial records and erode privacy, and would “stifl[e] innovation” by weakening the CFTC relative to the SEC.

He also pointed to “draft amendments” he said “would kill rewards on stablecoins,” warning the changes could allow banks to “ban their competition.” Armstrong’s bottom line was blunt: “We’d rather have no bill than a bad bill.” Still, he struck a conciliatory note about process and odds of a compromise, adding he was “quite optimistic” that continued work could produce “the right outcome.”

After reviewing the Senate Banking draft text over the last 48hrs, Coinbase unfortunately can’t support the bill as written.

There are too many issues, including:

– A defacto ban on tokenized equities – DeFi prohibitions, giving the government unlimited access to your financial…

— Brian Armstrong (@brian_armstrong) January 14, 2026

That posture split the difference between hard opposition to the text and support for continued negotiations,an important distinction as the markup process is typically where senators offer and vote amendments.

Crypto Industry Split

Coinbase’s stance quickly triggered a counter-response from other major crypto firms and advocacy groups backing the Senate Banking GOP’s push. Support was voiced by a16z, Circle, Kraken, The Digital Chamber, Ripple, and Coin Center, coalescing into a public front aimed at keeping momentum intact despite the delay.

Ripple CEO Brad Garlinghouse cast the bill as overdue but directionally positive. “While long-overdue, this move by @SenatorTimScott and @BankingGOP on market structure is a massive step forward in providing workable frameworks for crypto, while continuing to protect consumers,” he wrote. He said Ripple would remain engaged, adding: “We are at the table and will continue to move forward with fair debate. I remain optimistic that issues can be resolved through the mark-up process.”

Meanwhile, Tim Draper said Armstrong’s opposition is justified, arguing the Senate compromise “is worse than no bill at all” and suggesting that “the banks have been meddling.”

Ryan Rasmussen, Head of Research at Bitwise Asset Management , called the current CLARITY Act draft broadly harmful, listing tokenization, stablecoins, DeFi, privacy, builders, users, investors, and innovation, and concluded that the industry would “rather have no bill than a bad bill.”

White House Crypto Czar David Sacks urged the industry to treat the delay as a narrow window to align rather than an opening to splinter. “Passage of market structure legislation remains as close as it’s ever been,” Sacks wrote. “The crypto industry should use this pause to resolve any remaining differences. Now is the time to set the rules of the road and secure the future of this industry.”

Galaxy Digitall’s CEO Mike Novogratz struck a more optimistic tone, saying: “While the crypto bill might be delayed to keep working on it, I am very confident that a bill will get done soon. I have spoken to over 10 senators on both sides of the aisle in the past 24 hrs and I believe they all are working in good faith to get something done. Always gets tense at the end.”

At press time, the total crypto market cap stood at $3.22 trillion.

Давление биткоин-быков на курс актива слабеет, и сейчас их судьба зависит от двух факторов: притока капитала в биржевые фонды (ETF) и увеличения спроса на спотовом рынке, заявили аналитики ончейн-платформы Glassnode.

On-chain data shows the Ethereum Network Growth has surged to a new all-time high (ATH), suggesting ETH’s adoption has been accelerating.

Ethereum Network Growth Has Shot Up Recently

In a new post on X, on-chain analytics firm Santiment has discussed about the recent increase in the Ethereum Network Growth. This metric measures the total number of addresses that are coming online on the network for the first time.

A wallet is said to come “online” when it participates in some kind of transaction activity on the blockchain. Thus, the addresses that the Network Growth tracks are the ones that are participating in their first transfer.

When the value of the metric is high, it means that the users are creating a high amount of new addresses on the network. Such a trend can be a sign that adoption of the asset is occurring.

On the other hand, the indicator having a low value can imply that the cryptocurrency isn’t attracting new users as not much wallet generation is taking place on the network.

Now, here is the chart shared by Santiment that shows the trend in the Ethereum Network Growth over the past year:

As displayed in the above graph, the Ethereum Network Growth has witnessed a spike recently. Over the past week, address generation has averaged around 327,100 per day, with a particularly large level being observed on Sunday, when 393,600 new addresses popped up.

The Sunday high was a new record for the indicator, meaning that ETH saw an unprecedented amount of single-day address creation. As a result of the surge in the Network Growth, the Total Amount of Holders, an indicator tracking the number of non-empty addresses that exist on the blockchain, has also shot up to a new ATH of 172.97 million.

What’s driving all this adoption? According to the analytics firm, there can be several factors contributing to the trend. First is the Fusaka upgrade that occurred in December, and improved data handling and cut layer-2 fees.

The second is the record stablecoin activity that the Ethereum blockchain saw in late 2025, with the transaction volume reaching $8 trillion in the fourth quarter. “This kind of real financial activity tends to bring in new participants who create wallets to send, receive, or hold stablecoins and other tokens,” explained Santiment.

Lastly, the turn of the year saw growing interest and improvement in sentiment among traders, which would have led to fresh retail traders signing up new wallets.

ETH Price

The past day has been bullish for Ethereum as its price has jumped by more than 5%, recovering back to the $3,340 level.

Основатель аналитического сервиса Into The Cryptoverse и криптоблогер Бенджамин Коуэн (Benjamin Cowen) рассказал, что текущее ралли биткоина не более чем реакция розничных инвесторов на общую нестабильность крипторынка.

Надо запретить криптобиржам начислять проценты и бонусы за хранение стейблкоинов, иначе небольшие региональные банки проиграют конкуренцию и столкнутся с серьезными проблемами, заявили в Ассоциации независимых региональных банков США (Independent Community Bankers of America’s, ICBA).

Объем эфиров, занесенных в стейкинг, достиг нового исторического максимума. По данным The Block, сейчас в сети Beacon Chain заблокировано более 36 млн ETH на сумму $118 млрд, что составляет почти 30% от общего объема находящихся в обращении монет.

As the anticipated markup of the CLARITY Act approaches, supporters of the digital asset market are raising alarms over the latest draft of the bill. They claim that the revisions pushed by banking lobbyists threaten to undermine the principles of the cryptocurrency industry.

Ban On Yield Payments In CLARITY Act 

In a recent post on social media platform X (formerly Twitter), market expert Nick Cash vocalized his strong opposition, stating that the current iteration of the CLARITY Act must be boycotted. 

He described it as a mechanism for banks to manipulate the future of cryptocurrencies, portraying their influence as a detrimental force for innovation in the sector.

The revised version of the CLARITY Act, which serves as a comprehensive crypto market structure bill, introduces significant restrictions on stablecoin issuers like Circle and Ripple. Notably, these firms will be prohibited from offering yield back to passive token holders. 

Title IV of the Digital Asset Market Consumer Protection Act (DAMCA) outlines how regulated banking institutions can interact with digital assets, mandating that stablecoin issuers—defined by the GENIUS Act—cannot make interest payments to holders.

Under the proposed changes, while stablecoin issuers would still be able to provide rewards tied to specific actions (such as account openings and cashback), the ban on yield payments poses a serious concern for the crypto industry, which has consistently viewed yield protection as a non-negotiable issue. 

Cash argues that the modifications may leave crypto-native issuers positioned at a competitive disadvantage against traditional banks. He warned that such restrictions could severely impact decentralized finance (DeFi) and the overall cryptocurrency landscape.

Expressing his frustration, Cash stated that those supporting the revised bill are essentially siding with banks and undermining the crypto movement. 

Strong Public Support For Stablecoin Rewards

Banking institutions have argued that allowing these interest payments could lead to a significant outflow of deposits from insured banks, threatening overall financial stability. 

In contrast, crypto advocates counter that blocking crypto exchanges from paying interest on stablecoins is anti-competitive and detrimental to innovation. Summer Mersinger, CEO of the Blockchain Association, articulated her stance, asserting:

What is threatening progress is not a lack of policymaker engagement, but the relentless pressure campaign by the Big Banks to rewrite this bill to protect their own incumbency. 

She highlighted that the demand to eliminate stablecoin rewards aims to restrict consumer choice and stifle innovative financial products before they have the chance to compete.

Amid this ongoing CLARITY Act debate, Stuart Alderoty, Chief Legal Officer at Ripple, weighed in, emphasizing that American consumers value their freedom to choose. 

He referenced new data from The National Cryptocurrency Association, which indicates a strong public preference—nearly 4-to-1—in favor of allowing stablecoin rewards, along with little appetite for government intervention to curb them.

Ultimately, the future of the CLARITY Act remains uncertain as stakeholders continue to voice their concerns about the implications of increased banking oversight on the cryptocurrency market.

Featured image from DALL-E, chart from TradingView.com 

Чтобы уменьшить число киберпреступлений, в России нужно ввести полноценное регулирование криптовалют, поскольку именно через цифровые активы мошенники выводят похищенные деньги. Об этом в интервью РИА «Новости» заявил заместитель председателя правления Сбербанка Станислав Кузнецов.

В 2026 году ожидается еще больший по сравнению с 2025-м рост притока капитала на крипторынки, причем его основу составят не розничные инвесторы, а крупные корпоративные игроки. Такой прогноз озвучили аналитики JPMorgan.

Комитет Госдумы по финансовому рынку предложил принять в первом чтении законопроект, согласно которому Минфину будут переданы полномочия по контролю в сфере майнинга, ранее возложенные на Федеральную налоговую службу (ФНС).

Pakistan has partnered with a company affiliated with Trump-linked World Liberty Financial (WLFI) to explore innovation in digital finance and the use of stablecoins for cross-border transactions.

Pakistan To Explore USD1 For Cross-Border Payments

On Wednesday, Pakistan announced it had signed a memorandum of understanding (MoU) with a crypto firm linked to the Trump Family’s main crypto business, World Liberty Financial.

According to a report by Reuters, the Pakistan Virtual Asset Regulatory Authority (PVARA) entered an agreement with SC Financial Technologies, a firm described as an affiliated entity of WLFI, to explore the use of its USD1 stablecoin for cross-border payments.

The memorandum is set to enable “dialogue and technical understanding around emerging digital payment architectures,” and was announced during WLFI founder and CEO Zach Witkoff’s visit to Pakistan.

Notably, Witkoff is also the CEO of SC Financial Technologies, which co-owns the USD1 stablecoin brand alongside World Liberty Financial, according to documentation on the stablecoin’s reserves reviewed by the news media outlet.

Under the agreement, the WLFI-linked company will collaborate with Pakistan’s central bank to integrate its USD 1 stablecoin into a regulated digital payments structure. A source involved in the deal detailed that this would allow the token to operate alongside Pakistan’s own digital currency infrastructure.

It’s worth noting that PVARA officials have previously affirmed that the country will launch a national stablecoin as part of its strategy to modernize payments and support tokenized debt. Additionally, the central bank is developing a pilot for a central bank digital currency (CBDC).

“Our focus is to stay ahead of the curve by engaging with credible global players, understanding new financial models, and ensuring that innovation, where explored, is aligned with regulation, stability, and national interest,” said Pakistan’s Finance Minister Muhammad Aurangzeb.

WLFI Faces New Conflict Of Interest Concerns

The news comes as WLFI faces some scrutiny in the US. On Tuesday, US Senator Elizabeth Warren sent a letter to Comptroller of the Currency (OCC), Jonathan Gould, pressing the agency to halt its review of the bank charter application submitted by the Trump-linked company.

On January 7, World Liberty Financial applied with the OCC to operate as a national trust bank purpose-built for stablecoin services in the US. The move is intended to facilitate the issuance of WLFI’s USD1 stablecoin. Moreover, it would allow the crypto company to provide custodial banking services and gain access to national payment networks under the OCC’s supervision.

The democratic senator cited fears she expressed in July, when she told newly appointed Jonathan Gould that “the OCC may soon be in the position where it has to review a stablecoin issuer application submitted by a company directly tied to President Trump and his family and to draft regulations that clearly influence the President’s finances.”

Unlike most of his predecessors, President Trump has not put his crypto ventures in a trust managed by an independent party, an October investigation stated, pointing out that instead, most of his businesses are owned by a revocable trust, of which he is the sole beneficiary, and managed by his son Donald Trump Jr.

According to the Tuesday letter, Warren’s concerns have gone from being “hypothetical,” as Gould reportedly called them, to being a reality. The senator argued that if the application is approved, the OCC would promulgate rules that “influence the profitability of the President’s company” and would also be responsible for “directly supervising and enforcing the law against the President’s company—and its competitors.”

Therefore, Warren requested that the OCC delay World Liberty Financial’s review until US President Donald Trump divests and eliminates all financial conflicts of interest involving himself or his family members and the company.

Гендиректор криптобиржи Coinbase Брайан Армстронг (Brian Armstrong) раскритиковал законопроект о структуре крипторынка в США, заявив, что отсутствие регулирования лучше, чем плохой закон, ущемляющий права участников отрасли.

Сооснователь и бывший директор криптобиржи BitMEX Артур Хейс (Arthur Hayes) заявил, что биткоин, вероятно, достигнет нового исторического максимума в этом году. Причина грядущего ралли — расширение долларовой ликвидности на рынках.

Ripple announced Wednesday that it has received a preliminary Electronic Money Institution (EMI) license from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF). This follows on the heels of a similar license and Crypto asset Registration given by the UK’s Financial Conduct Authority (FCA) last Friday.

EU Regulatory Progress

In its press release, Ripple emphasized that these new licenses contribute to its extensive portfolio, now exceeding 75 regulatory approvals worldwide, positioning Ripple as one of the most licensed cryptocurrency companies globally. 

Monica Long, President of Ripple, remarked on the significance of the European Union’s evolving stance regarding digital assets: 

The EU was among the first major jurisdictions to introduce comprehensive digital assets regulation, which provides the certainty that financial institutions need to transition from pilot programs to large-scale commercial operations. 

By expanding its licensing capabilities and refining its payment solutions, the crypto giant aims to facilitate the movement of value and unlock what it describes as “trillions of dollars in dormant capital,” pushing legacy financial systems into a digital era.

Cassie Craddock, Managing Director for the UK and Europe at Ripple, echoed this sentiment, praising Luxembourg’s progressive regulatory environment toward digital assets stating: 

Thanks to the CSSF’s sophisticated supervisory approach, Luxembourg is establishing itself as a hub for financial innovation by delivering the harmonized framework and legal certainty that our industry requires.

She highlighted that this preliminary approval is a crucial milestone, enabling Ripple to offer essential blockchain infrastructure to clients throughout the European Union. 

The preliminary approval, which arrives in the form of a ‘Green Light Letter’ from the CSSF, represents a vital step towards Ripple securing its full EMI authorization, contingent upon meeting specific conditions.

Ripple Highlights UK As Key Market

In its recent announcement regarding the UK, Ripple underscored the importance of the country in its broader global strategy, noting that London houses its largest office outside the United States since 2016. 

Notably, the company has demonstrated its commitment to the UK market through ongoing investments, which include a growing workforce and support for the local blockchain and developer ecosystem. 

Additionally, Ripple has contributed significantly to UK-based blockchain developers and startups, as well as committing over £5 million to UK universities through its flagship University Blockchain Research Initiative (UBRI) program.

In a statement addressing these developments, Stuart Alderoty, Chief Legal Officer at Ripple, expressed pride in the progress made with the EMI license and Cryptoasset Registration from the FCA: 

This is yet another major step forward, and it signals positive momentum for the UK’s digital assets industry, underscoring Ripple’s licensing achievements globally. 

At the time of writing, XRP was trading at $2.1485, up slightly more than 3% in the past 24 hours as the broader crypto market has recovered since the start of the year. 

Featured image from DALL-E, chart from TradingView.com 

The cryptocurrency market is showing signs of short-term relief as Bitcoin and major altcoins attempt to stabilize after weeks of sustained selling pressure. Prices have rebounded modestly across the board, easing some of the recent bearish momentum. However, sentiment remains fragile. Many analysts argue that this move fits the profile of a relief rally rather than the start of a durable trend reversal, pointing to still-weak market structure and unresolved macro and regulatory risks.

Against this backdrop, a draft market structure bill released by the US Senate is drawing significant attention.  The proposed framework represents a potential structural shift in how crypto assets are treated within the US financial system.

The bill aims to clearly differentiate which crypto assets fall under the definition of commodities and which qualify as securities, while assigning regulatory oversight accordingly. Until now, the US regulatory approach has largely relied on enforcement actions, creating uncertainty for investors, developers, and institutions alike. By outlining classification criteria in advance, the proposal seeks to reduce ambiguity and provide a cleaner operating environment.

As markets digest this information, the focus is shifting from headline-driven volatility toward longer-term structural implications. Whether this regulatory clarity translates into sustained confidence remains an open question.

Regulatory Clarity Signals a Shift

A report from XWIN Research Japan highlights a critical nuance in the latest US market structure proposal: fully decentralized networks and DeFi protocols are not treated as traditional financial intermediaries. Developers, validators, and node operators are not automatically classified as regulated entities, signaling a formal recognition of decentralization as a core structural attribute rather than a loophole to be closed.

This distinction is meaningful, as it reduces legal uncertainty for open-source contributors and preserves the permissionless nature of decentralized infrastructure.

In contrast, centralized entities face a more clearly defined regulatory perimeter. Exchanges, brokers, and custodians are expected to comply with stricter rules on registration, asset segregation, and disclosure. Rather than targeting innovation, these requirements appear designed to professionalize market infrastructure and align centralized crypto businesses with existing financial standards.

Within this framework, Bitcoin, Ethereum, stablecoins, and spot ETFs are implicitly assumed to remain integrated into the US financial system, reinforcing their status as legitimate financial instruments.

On-chain data already reflects this transition. Metrics from CryptoQuant show that near the $90,000 Bitcoin level, retail activity remains muted while mid- and large-sized spot orders dominate. This pattern suggests neither speculative excess nor panic-driven exits, but measured positioning by larger investors.

Taken together, these signals imply a market gradually shifting from reactive, headline-driven behavior toward a more structure-driven phase. Regulatory clarity may not spark immediate price moves, but it is already influencing how capital positions itself across the crypto landscape.

Total Crypto Market Cap Enters Consolidation Phase

The total cryptocurrency market capitalization chart shows a market in consolidation after an aggressive multi-quarter expansion. Following the strong advance from late 2023 into mid-2025, total market cap peaked near the $3.8–$4.0 trillion zone before entering a corrective phase. Since then, price action has transitioned into a broad range, with higher volatility compressing into a more orderly structure.

Currently, the total market cap is hovering around the $3.2 trillion level, which aligns with a key former resistance zone that has now acted as support multiple times. The weekly structure suggests a cooling phase rather than a breakdown. Price remains above the rising 200-week moving average, which continues to slope upward and reinforces the idea that the primary market trend is still constructive.

Shorter-term moving averages have flattened, reflecting indecision and reduced momentum after the earlier impulsive move. Volume has declined from peak levels, indicating that aggressive distribution pressure has eased, but strong expansion demand has not yet returned. This combination is typical of mid-cycle consolidation rather than terminal weakness.

From a structural perspective, the market is digesting prior gains while maintaining a higher-low framework relative to previous cycles. A sustained hold above the $3.0 trillion region keeps the broader bullish structure intact. However, failure to defend this zone would expose the market to deeper retracements toward long-term trend support.

Featured image from ChatGPT, chart from TradingView.com 

Visa has partnered with BVNK to bring stablecoin payments to the Visa Direct platform, expanding its digital payments infrastructure.

BVNK Will Power Visa Direct’s Stablecoin Infrastructure

As announced in a Wednesday press release, BVNK and Visa have formed a strategic partnership to enable stablecoin payments on the latter’s Visa Direct platform. Based in the US, Visa is the second-largest card payment organization globally, behind only China’s UnionPay. In fact, when excluding China, the firm is the single largest, making up for 50% of total card payments.

Lately, Visa has been exploring digital asset payments, particularly those involving stablecoins, in a bid to modernize money movement. In 2025, the payments giant ran multiple stablecoin pilots related to Visa Direct, its $1.7 trillion real-time global payouts platform.

Now, it seems Visa has taken the next step by partnering with BVNK, a stablecoin infrastructure provider processing over $30 billion in payments annually. Mark Nelsen, Visa’s head of product, commercial, and money movement, said:

Stablecoins are an exciting opportunity for global payments, with enormous potential to reduce friction and expand access to faster, more efficient payment options – including during weekends, holidays and when banks are closed.

Starting with markets with strong demand for digital payments, BVNK will power a few different Visa Direct services, including stablecoin pre-funding and payouts. Visa’s new deal with BVNK hasn’t come out of the blue. Back in May 2025, Visa Ventures made an investment in the digital asset payments rail company. Jesse Hemson-Struthers, BVNK CEO, noted:

Visa and BVNK both believe in the transformational potential of stablecoin technology, not just as a payment method, but as a powerful layer of payments infrastructure.

Following the initial rollout, a broader global expansion of the service is planned, but so far, it’s unconfirmed which markets will be included, only that Visa will decide it based on “customer needs.” Stablecoins have witnessed growing adoption during the past year, as multiple countries have pushed on with legislation related to the sector. Among the most notable developments was the signing of the GENIUS Act by US President Donald Trump.

According to a report from Bloomberg, total stablecoin transaction volume rose 72% to $33 trillion in 2025, a new record.

Tether’s USDT is the largest fiat-tied cryptocurrency based on market cap, with a valuation that’s more than double Circle’s USDC, but the latter still dominated in transactions during 2025. USDC made up for $18.3 trillion of the total volume, while USDT accounted for $13.3 trillion.

Together, the two tokens covered an extreme majority of the total volume last year, suggesting that activity related to other dollar-pegged tokens and non-USD stablecoins remained low.

Bitcoin Price

At the time of writing, Bitcoin is trading around $95,000, up more than 3% over the past week.

Ethereum is showing tentative signs of relief after weeks of downside pressure, but the recovery remains fragile. The price is currently struggling to push decisively above the $3,400 level, a zone that has repeatedly acted as resistance during recent attempts to rebound. While short-term sentiment has improved alongside broader market stabilization, risks remain elevated. Several analysts warn that Ethereum could still face further declines in the coming weeks if momentum fades and macro or liquidity conditions deteriorate again.

Adding complexity to the picture, derivatives data suggest a renewed buildup of risk. A report from Arab Chain highlights that Ethereum’s open interest on Binance has climbed to approximately $8.6 billion, its highest level since October 9.

This marks a notable shift after a prolonged period of contraction following the sharp liquidation event in October, when open interest collapsed from above $10 billion to below $7 billion in a matter of days. That episode flushed excessive leverage from the market and forced traders into a defensive stance.

The current rise in open interest signals that traders are gradually returning and rebuilding positions at lower price levels. However, this also increases the price’s sensitivity to sudden moves.

Ethereum Derivatives Activity Rebuilds Confidence

Ethereum is currently testing a key structural resistance zone around $3,400, and the latest derivatives data adds important context to this price behavior. According to the CryptoQuant report by Arab Chain, the rise in open interest on Binance reflects renewed activity in the derivatives market and a clear return of traders’ appetite for leverage. This is a notable shift from the defensive posture seen after the October liquidation wave.

What stands out is that this increase in open interest is occurring while ETH trades near the $3,300–$3,400 area, well below its previous cycle highs. This suggests that traders are not chasing price at extremes, but instead building positions at relatively discounted levels. Historically, this type of positioning often reflects expectations of a medium-term upside move rather than short-term speculation.

At the same time, the fact that open interest has reached its highest level since October 9 without returning to prior overheated extremes points to a more balanced recovery. If this growth is driven by steady inflows rather than aggressive leverage, it supports the idea of a healthier market structure forming after the post-liquidation contraction phase.

However, risks remain asymmetric near resistance. A continued and rapid expansion in open interest while price stalls below $3,400 could increase vulnerability to sharp volatility. For Ethereum to sustain momentum, price and open interest must remain aligned, confirming that confidence is rebuilding rather than overstretching.

Price Faces Key Resistance Level

Ethereum price action on the daily chart shows a market attempting to recover, but still constrained by heavy structural resistance near the $3,400 region. After a sharp decline from the October highs, ETH established a local bottom below $2,900 and has since been forming higher lows, suggesting short-term stabilization rather than a confirmed trend reversal.

Price is currently trading near $3,300, where multiple technical factors converge. The descending 200-day moving average and prior horizontal support-turned-resistance are capping upside momentum. Each rally into this zone has met selling pressure, highlighting that this area remains a critical supply region. The inability to reclaim $3,400 decisively keeps the broader structure neutral-to-bearish.

On the downside, the rising short-term moving average and recent higher lows around $3,000–$3,050 provide initial support. As long as ETH holds above this range, the market maintains a constructive consolidation structure rather than resuming the prior impulsive downtrend. Volume has remained moderate during the recovery, indicating controlled participation rather than aggressive speculative buying.

ETH is compressing between rising short-term support and declining long-term resistance. This type of price behavior often precedes a directional move. A clean daily close above $3,400 would signal a shift in market control and open the door for a broader recovery.

Featured image from ChatGPT, chart from TradingView.com 

Dogecoin and XRP have come under heightened regulatory scrutiny following the release of new draft language in the Digital Asset Market Clarity Act, which proposes a framework that could classify them alongside Bitcoin and Ethereum. Rather than relying on subjective debates over network decentralization or token utility, the draft ties legal treatment to whether an asset underpins a listed exchange-traded product. This represents a significant shift in how major altcoins may be handled moving forward.

What The Latest Draft Signals For Dogecoin And XRP

On January 13, 2026, journalist Eleanor Terrett highlighted a section of the latest Digital Asset Market Clarity Act draft that sets a clear rule for “network tokens.” It states that a token will not be classified as an ancillary asset or considered a security if, by January 1, 2026, it serves as the primary asset of an exchange-traded product listed on a US national securities exchange.

This condition is critical because it directly affects compliance obligations. Tokens that qualify under this standard would not be required to file the disclosures mandated for other digital assets under the bill. In effect, the draft establishes a regulatory shortcut for tokens that achieve a defined level of institutional recognition through listed exchange-traded products registered under Section 6 of the Securities Exchange Act of 1934.

Under this structure, assets such as XRP, Dogecoin, Solana, Litecoin, Hedera, and Chainlink would enter the framework on the same footing as Bitcoin and Ethereum from day one, provided the exchange-traded product requirement is met. For Dogecoin and XRP specifically, this represents a tangible route out of prolonged legal uncertainty. Their legal status would hinge on verifiable market structure rather than subjective regulatory interpretation, giving investors, exchanges, and institutional participants a clearer standard for compliance and market engagement.

How The Digital Asset Market Clarity Act Took Shape

The Digital Asset Market Clarity Act was introduced in the US House of Representatives in 2025 as lawmakers sought to address years of fragmented crypto oversight. The bill was developed under the leadership of the House Financial Services Committee.

Throughout 2025, lawmakers circulated multiple discussion drafts to regulators, industry groups, and legal experts. These drafts aimed to replace enforcement-driven policy with statutory definitions, including the concept of “network tokens,” which form the backbone of the current proposal. The January 2026 draft reflects a later stage in that process, focusing on implementation thresholds rather than broad regulatory theory.

While the Act has not yet been passed into law, it has advanced through committee review and remains a central reference point in ongoing market-structure negotiations. Its significance lies in the predictability it introduces. For Dogecoin and XRP, the bill does not promise immediate relief, but it sets a transparent standard for achieving regulatory parity. That shift alone alters how these assets are evaluated by exchanges, institutional issuers, and investors navigating the US digital asset landscape.

After months of steady declines and fading enthusiasm, Dogecoin (DOGE) is showing signs of renewed life. The meme-based cryptocurrency has recently stabilized near the $0.14–$0.15 range, breaking out of a short-term downtrend and attracting fresh speculative interest.

Related Reading: Crypto Users Hit By 1,400% Surge In Impersonation Scams, Research Shows

While broader crypto markets remain mixed, DOGE’s price action suggests that selling pressure has eased, creating room for short-term momentum to build.

Dogecoin is trading around $0.148, supported by higher trading volumes and improving technical indicators. The move comes as traders rotate into high-beta assets, such as meme coins, particularly when Bitcoin trades sideways, and macro catalysts are limited.

Selling Pressure Eases as Dogecoin Price Finds Support

Dogecoin’s recent stabilization follows a prolonged selloff from October highs, which pushed the price toward the $0.13 zone. That decline flushed out leveraged positions and cooled speculative activity.

In recent sessions, however, DOGE has reclaimed short-term support near $0.14 and briefly touched $0.147, signaling a slowdown in aggressive downside momentum.

On the daily chart, the price remains below key long-term moving averages, indicating a cautious broader trend. Still, DOGE has moved back above its 20-day and 50-day averages, levels many short-term traders watch for early signs of trend shifts.

Momentum indicators also point to stabilization. The RSI has climbed from oversold territory into neutral levels, suggesting buyers are returning without pushing the market into overheated conditions. While spot outflows continue, derivatives data show rising open interest, indicating traders are positioning for near-term volatility.

Speculative Interest Returns to Meme Coins

The recent rally is not limited to Dogecoin. Other meme tokens, including Pepe, have also posted sharp gains, reflecting a broader return of speculative appetite. CoinGecko’s GMCI Meme Index has climbed in tandem with rising trading volumes, suggesting the move is driven by active participation rather than thin liquidity.

Investors note that meme coins often outperform when Bitcoin trades within a range, and traders seek faster-moving opportunities. DOGE’s breakout above a weeks-long descending trendline has shifted short-term bias in favor of buyers.

Holding above the $0.138–$0.140 area maintains the rebound, with $0.15 serving as the next key level of resistance. A sustained move above $0.15–$0.155 could open the door to a test of the declining 50-day average near $0.16. Failure to hold current levels, however, would likely send the price back toward the $0.13 base.

New Catalysts: Japan Expansion and Spot ETF

Beyond technical factors, potential ecosystem developments are adding to Dogecoin’s visibility.

Discussions around expanding DOGE-related initiatives in Japan, focused on real-world asset tokenization and regulated Web3 applications, highlight growing interest in compliant blockchain use cases within a tightly regulated market.

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In the U.S., a proposed spot Dogecoin ETF from 21Shares is also drawing attention. If launched, the product would track DOGE’s spot price without leverage or derivatives, giving traditional investors a regulated way to gain exposure. While ETF inflows are not guaranteed, the listing itself could increase market participation and liquidity.

Cover image from ChatGPT, DOGEUSD chart from Tradingview