Polygon Climbs Nearly 20% After Unveiling New Strategic Framework

Key Notes Polygon launched Open Money Stack, a modular platform enabling seamless cross-chain fiat-crypto transactions. The company is reportedly acquiring cryptocurrency ATM operator Coinme for $100-125 million, adding 6,000+ ATMs to its infrastructure. Record-high burn rates of one million POL daily are making the token deflationary with 3.5% total supply expected to burn in 2026. Polygon‘s POL token is in the midst of a price surge propelled by a shift in company strategy, a rumored acquisition, and a record high daily burn rate to start 2026. As of Jan. 9…

Buterin Backs Tornado Cash Dev Ahead of Sentencing

Key Notes Vitalik Buterin said that software developers are targeted for how open-source tools are used, rather than for direct involvement in criminal activity. Buterin framed privacy tools as essential infrastructure, not political or extreme technology, saying they protect individuals from forced data collection. Ahead of his sentencing, Storm has received significant support from the crypto community, with Vitalik Buterin donating 50 ETH and the Ethereum Foundation contributing over $1.25 million. In his recent letter on Jan. 9, Ethereum ETH $3 123 24h volatility: 0.9% Market cap: $377.10 B Vol.…

Hyperliquid Led $150 Million Long Wipeout

Key Notes Hyperliquid liquidations led the market as Bitcoin slipped below $90,000. Nearly $45 million was wiped out on Hyperliquid during two fast liquidation waves. ETF outflows added pressure while HYPE showed signs of weakness. Hyperliquid [NC] liquidations spiked on January 8 after Bitcoin BTC $91 079 24h volatility: 0.8% Market cap: $1.82 T Vol. 24h: $42.69 B fell below $90,000. This triggered a fast market shakeout that erased about $145 million in leveraged long positions across major exchanges within two hours. Hyperliquid Liquidations Take Center Stage in Bitcoin Pullback…

Cardano Price Prediction: ADA Just Flashed Its Loudest Signal in Months – Will You Act Before It Moves?

Despite a 17% drop over the past month, futures volume on BitMEX surged by more than 16,400%, hitting $44.15 million according to Coinglass. Meanwhile, ADA has managed to hold its key support zone between $0.30 and $0.35, and is currently trading near $0.40, still down 87% from its all-time high of $3.10. Price action remains tightly consolidated, with traders closely watching for updates on a potential spot ADA ETF. Grayscale has submitted an application, now under SEC review, but no official approval has been granted yet. Grayscale’s spot Cardano $ADA…

UK FCA Sets 2026 Window for Crypto License Applications

Key Notes UK FCA stated that all crypto asset service providers must be authorized under the Financial Services and Markets Act (FSMA). Existing crypto firms registered under current anti-money laundering rules will not be automatically approved and must reapply for full FSMA authorization. Applications must be submitted within a defined window of at least 28 days. The UK’s top financial regulator, the Financial Conduct Authority (FCA), has announced the timeline for firms seeking new crypto licenses and full authorization. Crypto asset service providers (CASPs) will be able to apply to…

South Korea Plans Crypto ETFs in 2026

Key Notes South Korea plans to approve spot crypto ETFs, including Bitcoin ETFs in 2026. Regulators cited active spot ETF markets in the US and Hong Kong as key reasons. Phase 2 digital asset legislation will introduce strict stablecoin rules. South Korea has confirmed plans to allow spot digital asset exchange-traded funds under its newly released 2026 Economic Growth Strategy. The roadmap explicitly includes spot Bitcoin ETFs and other digital asset ETFs, a big win for the broader crypto space. The government said that its decision is inspired by the…

Babylon Bitcoin Staking Faces Block Production Risk

Key Notes A bug in Babylon’s block voting code may allow validators to omit block hash data. The flaw could cause validator crashes and slow block production at epoch boundaries. Developers say the issue has not been exploited yet but could pose a consensus risk if left unaddressed. Bitcoin BTC $90 349 24h volatility: 0.5% Market cap: $1.80 T Vol. 24h: $42.29 B staking protocol Babylon is facing scrutiny after developers disclosed a flaw that could disrupt consensus and slow block production. The issue affects how validators confirm blocks and…

Smart Money Avoids TRUMP as MELANIA Jumps 7%

Key Notes TRUMP saw a short-lived volume spike of $128-$147 million last week. The token is now range-bound between $5.25 and $5.40. MELANIA surged 7% in the past day, currently trading near $0.150. Blockchain data shows heavy distribution across the Official Trump TRUMP $5.33 24h volatility: 0.9% Market cap: $1.07 B Vol. 24h: $200.47 M token, despite a short-lived increase in on-chain activity over the past week. Nansen reported that between Jan. 3 and Jan. 5, daily trading volume spiked to $128-$147 million amid a broader meme market rally. This…

TRU Price Crash: Token Loses All Value Post $26M Truebit Hack

Key Notes TRU collapsed nearly 100% after a smart contract exploit drained $26.4 million from the Truebit Protocol. The token crashed from around $0.16 to near zero within minutes. Truebit is working with law enforcement, with no recovery plan announced. Ethereum-based infrastructure project Truebit’s native token TRU collapsed nearly 100% after a smart contract exploit drained over $26.4 million from the protocol. The attack started with a suspicious on-chain transaction and quickly resulted in a full liquidity drain. Notably, the attacker exploited a math error in Truebit’s minting contract, which…

Zcash Developers Unveil CashZ Wallet in First Post-Exit Move

Key Notes Former Zcash developers announce CashZ wallet days after leaving Electric Coin Company. The new wallet is built from the Zashi codebase, with easy user migration planned. Team says focus remains on scaling Zcash and protecting user privacy. CashZ wallet will be the first product released by former Zcash developers after leaving the Electric Coin Company. The team confirmed work has begun on the new privacy wallet built from the Zashi code, with plans to let current users move over easily within weeks. This is according to former CEO…