Blockonomi

TLDR:

Institutions demonstrate contradictory behavior by supporting open source while simultaneously pushing encryption backdoors. 

Corporate entities often enforce stricter data sovereignty policies than individual users implement for security. 

Geographic distribution of blockchain governance becomes critical factor in institutional stablecoin adoption decisions. 

Institutional self-custody of Ethereum assets strengthens network decentralization rather than undermining blockchain principles.

 

Ethereum co-founder Vitalik Buterin has shared his analysis on the evolving relationship between institutional players and the cypherpunk movement.

In a detailed social media thread, Buterin argued that institutions represent neither certain allies nor adversaries in the crypto space. 

The commentary addresses how the Ethereum community should navigate this complex dynamic while preserving core values of decentralization and individual sovereignty.

Institutional Behavior Displays Dual Nature

Buterin opened his thread by stating that “the relationship between institutions and cypherpunk is complex and needs to be understood properly.” 

He presented concrete examples demonstrating contradictory institutional approaches to technology and privacy. According to Buterin, “institutions (both governments and corporations) are neither guaranteed friend nor foe.” 

The European Union actively pursues aggressive support for open source development through recent consultations. At the same time, EU bureaucrats advocate for Chat Control policies mandating encryption backdoors. 

The Patriot Act remains in force, which Buterin observed “neither party now expresses much interest in repealing.” Meanwhile, the US government has become a notable user of Signal for secure communications.

These examples reveal a consistent pattern in how institutions operate across different contexts. Buterin explained that “the game-theoretic optimum for an institution is to have control over what it can control, but also to resist intrusion by others.” 

Organizations prioritize maintaining control over their own operations while simultaneously resisting external intrusion attempts. 

The relationship between "institutions" and "cypherpunk" is complex and needs to be understood properly. In truth, institutions (both governments and corporations) are neither guaranteed friend nor foe.

Exhibit A: https://t.co/YsbBgztMIN European Union seeking to aggressively… https://t.co/5fxQgw5ctO

— vitalik.eth (@VitalikButerin) January 23, 2026

He noted that “institutions are often staffed by highly sophisticated people, who have a much deeper understanding of these issues than regular people.”

Corporate policies often drive rejection of software that collects excessive user data. Buterin challenged the notion that data sovereignty tools appeal only to enthusiast communities. 

He stated that “serious people are often more robustness-minded than retail and many already have policies even stricter than what I advocate.” 

The Ethereum founder predicted that “institutions will want to more aggressively minimize their external trust dependencies, and have more guarantees over their operations.”

However, institutions naturally seek to maintain user dependency on their own services. Buterin emphasized that institutions do not want to “minimize your dependency on them,” making this the Ethereum community’s responsibility.

Stablecoin Markets and Privacy Tool Development

The stablecoin sector provides clear examples of these institutional dynamics in practice. Buterin outlined that “asset issuers in the EU will want a chain whose governance center of gravity is not overly US-based, and vice versa.” 

American institutions apply the same logic when evaluating European-controlled chains. Geographic distribution of governance authority becomes a determining factor in institutional adoption decisions.

Government entities will continue advancing Know Your Customer requirements across digital asset platforms. 

Buterin acknowledged that “governments will push for more KYC, but at the same time privacy tools will improve, because cypherpunks are working hard to make them improve.” 

He predicted that “over the next decade we’ll see more attempts at ZK proof of source of funds.”

Institutions holding Ethereum assets demand direct control over their wallets and staking infrastructure. Buterin noted that “institutions will want to control their own wallets, and even their own staking if they stake ETH,” adding that “this is actually good for ethereum staking decentralization.” 

These organizations will not voluntarily create self-sovereign wallet solutions for everyday users. Smart contract wallets and social recovery mechanisms remain priorities for Ethereum developers.

Buterin emphasized that “Ethereum is the censorship-resistant world computer: we do not have to approve of every activity that happens on the world computer.” 

He stated that the existence of certain activities is “not up to me to decide.” The community should concentrate on building preferred systems atop Ethereum infrastructure that can compete effectively.

Cooperation with non-cypherpunk entities can accelerate decentralized solution adoption. Buterin concluded that “cypherpunk requires” openness to cooperation while “aggressively standing up for our own interests,” focusing on building “a financial, social and identity layer that protects people’s self-sovereignty and freedom.”

The post Vitalik Buterin Calls for Strategic Institutional Cooperation While Defending Crypto Self-Sovereignty appeared first on Blockonomi.

TLDR

Jurrien Timmer from Fidelity questions whether Bitcoin’s recent surge to $95K signals a return to an uptrend or a countertrend bounce.

Timmer points out that Bitcoin’s momentum curve is an extreme outlier compared to historical trends, suggesting a potential market rebalancing.

Fidelity highlights the significant drop in Bitcoin futures interest and cooling inflows into Bitcoin ETFs as signs of institutional exhaustion.

Timmer compares Bitcoin’s performance with gold, which continues to rise as a reliable hedge against global monetary expansion.

The growing global money supply of $116.5 trillion may be affecting Bitcoin’s performance, while gold remains a stable investment.

Jurrien Timmer, Fidelity’s Director of Global Macro, has raised concerns about Bitcoin’s recent rally to $95,000. He questioned whether this price surge signifies a return to an uptrend or is merely a “countertrend trap.” Timmer’s analysis highlights Bitcoin’s extreme momentum curve and suggests that further rebalancing may be needed before a clear market bottom can be established.

Bitcoin Faces Uncertainty in the Wake of Global Money Supply Growth

Timmer linked Bitcoin’s uncertain trajectory to the growing global money supply, which now stands at $116.5 trillion. This increase, which is expanding at an annual rate of 11.4%, presents a challenge for Bitcoin’s role in the financial landscape. Despite Bitcoin’s rise, Timmer believes its current performance remains ambiguous, especially compared to the consistent growth of other assets.

Gold has continued to perform extremely well amid this evolving global world order. It also has beenkeeping up with the ever-expanding global money supply, which now sits at $116.5 trillion and growing at an 11.4% annual rate.

And Bitcoin? It’s hard to know whether the… pic.twitter.com/oniXJPpvDk

— Jurrien Timmer (@TimmerFidelity) January 23, 2026

Gold, in contrast, continues to perform well amid this global expansion. It has maintained its value as a reliable hedge, setting new highs. While Bitcoin struggles, gold is fulfilling its expected role as a store of value, which reinforces its continued appeal to investors.

Bitcoin Price Surge Remains Questionable, Says Timmer

Bitcoin’s rise from $80,000 to $95,000 has raised doubts about the sustainability of this upward movement. Timmer pointed out that the correction might not be over and the current rally could be part of a countertrend bounce. He observed that the cryptocurrency’s recent momentum deviates from historical norms, making the price action more difficult to interpret.

Furthermore, Timmer highlighted key liquidity indicators suggesting that institutional interest in Bitcoin is cooling. Specifically, he mentioned a significant drop in Bitcoin futures interest, which signals a reduction in leverage. He also noted that inflows into Bitcoin exchange-traded funds (ETFs) have slowed, pointing to exhaustion among institutional investors.

Timmer’s analysis draws attention to the discrepancy between Bitcoin and gold, particularly as the latter continues to thrive. While Bitcoin remains volatile, gold has proven to be resilient, providing a stable investment alternative. As a result, more institutional capital may continue to shift toward gold as a safer asset, leaving Bitcoin’s long-term performance uncertain.

The global financial landscape, marked by expanding money supply and fluctuating asset values, calls for a closer evaluation of Bitcoin’s place in the market. Investors must pay attention to liquidity signals and whether Bitcoin can maintain its support at $95,000.

The post Fidelity Warns Bitcoin May Need Rebalancing Amid Gold’s Surge appeared first on Blockonomi.

TLDR:

CertiK announced IPO plans despite facing scrutiny over handling of $3 million Kraken vulnerability exploit.

The firm’s audit work for Huione Guarantee stablecoin raised concerns about due diligence on client projects.

Binance became CertiK’s largest investor with multi-eight figure follow-up investment announced in January 2026.

CertiK joins the wave of crypto IPOs, including Circle, BitGo, with Kraken and Ledger planning offerings this year.

 

CertiK, a blockchain security firm based in New York, has announced plans to pursue an initial public offering. However, past controversies have weighed heavily on market confidence ahead of the planned listing.

The firm has faced scrutiny over its handling of a roughly $3 million vulnerability at Kraken. Additionally, audit work on a stablecoin project linked to Huione Guarantee raised concerns. 

As crypto-related IPO activity picks up, whether CertiK can regain investor confidence remains to be seen.

Scrutiny Over Security Practices Clouds IPO Plans

The firm’s reputation has suffered from several incidents that contradict its core mission. In 2024, CertiK employees discovered and exploited a roughly $3 million bug at crypto exchange Kraken. 

The company characterized this as a white hat operation designed to test security measures. However, critics questioned why a business built on securing code appeared to break industry standards during the investigation.

The Kraken incident sparked widespread criticism within the crypto community. Industry observers noted that established protocols for responsible disclosure were seemingly ignored. 

This raised fundamental questions about CertiK’s judgment and operational practices. The controversy cast doubt on whether the firm adheres to the ethical standards it promotes.

Adding to reputational damage, CertiK’s X account was compromised in 2024 after an employee fell victim to phishing. 

The breach was particularly embarrassing for a company specializing in security audits. The incident highlighted potential vulnerabilities in the firm’s own internal security protocols.

A 2025 controversy proved even more damaging to market confidence—CertiK audited code for a stablecoin launched by Huione Guarantee, a Cambodian marketplace linked to criminal activity. 

The platform allegedly facilitated money laundering, sold hacking tools, and offered equipment used in forced labor operations. CertiK issued an apology after the work came to light.

IPO Ambitions Face Uncertain Market Reception

Despite these setbacks, CEO Ronghui Gu remains confident about taking the company public. “Taking CertiK public is a natural next step as we continue scaling our products and technology,” he stated during an interview with Acumen Media. 

Gu emphasized that the firm remains focused on strengthening trust, security, and transparency for the Web3 ecosystem.

The timing coincides with robust crypto IPO activity across the sector. Circle’s USDC issuer raised $1 billion in its public offering last year. BitGo kicked off 2026 by raising $213 million from investors on Thursday. 

Other firms, including Bullish, Gemini, Galaxy Digital, Figure, and Exodus, also completed successful offerings recently.

Major crypto companies continue lining up public offerings for later this year. Kraken, Ledger, Consensys, and Aminoca Brands have all announced plans for IPOs. 

The surge reflects growing institutional interest in cryptocurrency companies. However, CertiK faces a steeper climb than competitors, given its controversial track record.

The firm has raised $296 million since its 2018 founding and achieved a $2 billion valuation by 2022. Investors include Binance, SoftBank Vision Fund 2, Tiger Global, Sequoia Capital, and Goldman Sachs. 

On January 6, CertiK announced a strategic partnership with YZi Labs. According to Gu, Binance recently made an eight-figure follow-up investment, becoming the firm’s largest investor.

Whether other institutional investors share Binance’s confidence remains the critical question. The controversies have created substantial hurdles that CertiK must overcome to attract public market capital. 

The firm needs to demonstrate improved governance and ethical standards before investor confidence can be restored.

The post CertiK Eyes IPO Despite Past Controversies Weighing on Investor Confidence appeared first on Blockonomi.

TLDR

Bitcoin ETFs experienced four consecutive days of outflows, with $32.11 million withdrawn on January 22.

Despite the short-term outflows, Bitcoin ETFs have accumulated $56.60 billion in net inflows, showing strong long-term investor interest.

BlackRock’s IBIT fund led the withdrawals with a $22.35 million net outflow, followed by Fidelity at $9.76 million.

Despite the negative price movements, Bitcoin ETFs saw a daily trading volume of $3.30 billion on January 22.

Grayscale, Bitwise, and Ark & 21Shares Bitcoin ETFs showed flat capital flows, indicating a more selective outflow trend.

The U.S. Bitcoin ETF ecosystem has faced continued pressure, with Bitcoin ETFs experiencing a fourth straight day of net outflows. Despite this short-term downturn, the cumulative net inflows into Bitcoin ETFs remain strong, indicating that investor interest in the sector is far from dissipating. This market trend signals growing caution amid a broader market slowdown.

Bitcoin ETFs Experience Four Consecutive Days of Outflows

The Bitcoin ETF market has seen persistent outflows over the past four days, with January 22 marking another day of losses. According to data from SosoValue, Bitcoin ETFs recorded a daily outflow of $32.11 million during their last trading session. The ongoing withdrawals have contributed to a bearish short-term trend in the market.

These outflows are a reflection of the broader slowdown in the cryptocurrency market, as investor sentiment appears to weaken. Despite this, Bitcoin ETFs still manage to hold substantial net inflows, suggesting that the market’s current weakness might be temporary. As a result, long-term interest in Bitcoin ETFs remains intact, despite recent struggles.

Despite the steady outflows from Bitcoin ETFs, the total net inflows remain strong at $56.60 billion. This figure suggests that the recent downturn may have been driven by temporary market conditions rather than a loss of long-term investor confidence. On January 22, for example, Bitcoin ETFs experienced a drop in value, but the total trading volume for the day still reached $3.30 billion.

The consistent participation of investors in Bitcoin ETFs highlights the sector’s resilience, even amid cautious market sentiments. Although Bitcoin has faced some negative price movements, investor activity remains active, with substantial capital still in play. This shows that Bitcoin ETFs continue to be an attractive investment for many, despite short-term market fluctuations.

BlackRock and Fidelity Lead the Way in Outflows

BlackRock’s IBIT fund led the way in the outflows on January 22, recording a $22.35 million net outflow. Fidelity also faced significant withdrawals, with $9.76 million exiting its fund on the same day. Despite these outflows, other Bitcoin ETFs, including Grayscale, Bitwise, and Ark & 21Shares, experienced no significant changes in their capital flows.

These withdrawals from BlackRock and Fidelity contributed to the broader trend of outflows in the Bitcoin ETF market. However, other Bitcoin ETF products held steady, indicating that the market may be seeing selective withdrawals rather than a widespread exit from Bitcoin-focused investments.

The post Bitcoin ETFs Continue to See Steady Outflows for Four Days Straight appeared first on Blockonomi.

TLDR

BitGo stock dropped 22% on its second day of trading, closing below its IPO price of $18 per share.

The company raised over $212 million during its IPO, with an initial valuation of just over $2 billion.

Despite a strong debut, BitGo stock faced a significant decline as the broader market showed positive growth.

BitGo is known for launching Wrapped Bitcoin, a key development in the cryptocurrency industry.

Other crypto companies, including Kraken, are also preparing for their own IPOs, adding competition in the market.

Crypto firm BitGo saw its stock drop 22% on its second day of trading on the New York Stock Exchange. The company’s share price closed at $14.50 after debuting at $18 per share on Thursday. This marked a fall below the IPO offering price, raising questions about the market reception.

BitGo’s Initial Public Offering Overview

BitGo’s IPO raised over $212 million, with the company valued at just over $2 billion. The stock initially opened above its expected range of $15 to $17, settling at $18 per share on its first day. Despite the strong opening, BitGo stock took a sharp downturn by the next trading session.

The company’s decline occurred as broader market indices showed positive movement. The S&P 500 gained 0.03%, while the Nasdaq rose by 0.28%. This stark contrast highlighted the challenges faced by BitGo stock, as it struggled to maintain its early momentum.

Performance of BitGo Stock After IPO

After its second day of trading, BitGo’s stock price fell sharply to $14.50. This marked a 22% drop, signaling a lack of investor confidence in the crypto custody provider. The stock’s decline followed a strong market debut, indicating volatility in the public market for crypto-related companies.

BitGo’s role in the cryptocurrency space has been a key factor in its market presence. The company is known for launching Wrapped Bitcoin (WBTC), a significant innovation in the crypto space. Despite these achievements, its performance on the NYSE reflects broader concerns about the market’s appetite for crypto firms.

The Future of BitGo and Other Crypto IPOs

BitGo, founded in 2013 by Mike Belshe and Ben Davenport, has been at the forefront of digital asset infrastructure. However, with the recent stock decline, the company faces challenges in proving its value in the public market. It recently moved its headquarters to Sioux Falls, South Dakota, a shift that could reflect its evolving strategies.

Meanwhile, other crypto companies are preparing for their IPOs, which could create more competition. Kraken’s blank check company, KRAKacquisition Corp., has filed to offer 25 million Class A shares at $10 each.

The post BitGo Stock Falls Below IPO Price After Strong Market Debut appeared first on Blockonomi.

TLDR

Binance confirms plans to reintroduce tokenized equities on its platform after a two-year hiatus.

The exchange aims to bridge traditional finance and cryptocurrency with the return of stock-linked digital assets.

Binance initially launched tokenized equities in 2021 but halted them due to regulatory scrutiny in multiple countries.

The reintroduction of tokenized equities aligns with Binance’s strategy to expand offerings while adhering to regulatory standards.

Other crypto exchanges like Coinbase are also exploring the addition of tokenized equities amid evolving regulations.

Binance has confirmed its plans to reintroduce tokenized equities on its platform. This announcement marks the exchange’s return to offering stock-linked digital assets for the first time since 2021. The company aims to bridge traditional finance and the cryptocurrency world by providing more options for users.

Binance Looks to Bridge Traditional Finance and Crypto

Binance sees the potential of tokenized equities as a step forward in connecting traditional financial markets with the cryptocurrency space. A spokesperson for Binance explained that this move is a natural next step in the company’s mission to expand user choices while maintaining the highest regulatory standards. “We are committed to offering a broad range of financial products, and tokenized equities are a key part of that,” said the spokesperson.

In April 2021, Binance launched stock tokens with companies like Tesla, Coinbase, and Strategy. However, the offering attracted scrutiny from financial regulators, including in Germany and the UK. As a result, Binance ceased supporting stock tokens in July 2021, halting their availability on the platform.

Binance plans to bring back tokenized equities, a move that would bring digital versions of stocks back to the platform. The company’s decision to explore this option is in line with its broader strategy to support tokenized real-world assets. Since last year, Binance has introduced several new products, including regulated TradFi perpetual contracts settled in stablecoin.

The tokenized equities will likely feature major companies, similar to the previous offerings before Binance halted stock tokens. Binance’s return to stock-linked digital assets comes at a time when other exchanges, like Coinbase, are also exploring tokenized stocks. Coinbase has indicated an interest in launching tokenized equities, although it faces its own set of regulatory challenges.

Regulatory Concerns and the Future of Tokenized Equities

Binance’s initial foray into tokenized equities in 2021 raised concerns with financial regulators in various countries. The company faced pressure from the German Federal Financial Supervisory Authority and the UK’s Financial Conduct Authority to halt its stock token offerings. These regulatory challenges led to Binance ceasing support for stock tokens in mid-2021.

Despite the hurdles, Binance remains focused on complying with the regulatory frameworks of the countries it operates in. The exchange has reiterated its commitment to bridging traditional finance and cryptocurrency while ensuring all activities adhere to the highest standards. Binance’s efforts to reintroduce tokenized equities reflect a long-term vision for expanding its offerings in a regulated and compliant manner.

The post Binance to Reintroduce Tokenized Equities, Expanding Financial Products appeared first on Blockonomi.

TLDR

Oklahoma lawmakers have introduced Senate Bill 2064, allowing state employees to receive salaries in bitcoin.

The bill permits vendors contracting with the state to choose bitcoin payments on a per-transaction basis.

Private businesses and individuals in Oklahoma can negotiate payments in bitcoin under the proposed legislation.

The bill exempts bitcoin-native businesses from Oklahoma’s money transmitter licensing requirements.

The Oklahoma State Treasurer will select a provider for processing bitcoin payments by January 1, 2027.

Oklahoma lawmakers have introduced a bill allowing state employees, vendors, private businesses, and residents to negotiate payments in bitcoin. Senate Bill 2064, introduced by Senator Dusty Deevers, establishes a legal framework for using bitcoin as a medium of exchange. The bill clarifies that it does not conflict with the U.S. Constitution’s prohibition on states coining money, positioning bitcoin as a financial instrument.

Oklahoma State Employees Can Choose Bitcoin for Salary Payments

Senate Bill 2064 allows Oklahoma state employees to receive their wages in Bitcoin. Employees can choose to receive compensation in bitcoin based on its market value at the beginning of the pay period or at the time of payment. This payment option would be available on a per-pay period basis, allowing employees to adjust their preferences.

Employees can also choose to receive their salary in U.S. dollars or a combination of both. Payments will be deposited either into a self-hosted wallet or a third-party custodial account designated by the employee. This flexibility allows employees to make decisions based on their preferences and the fluctuating market value of Bitcoin.

Under the proposed legislation, vendors contracting with Oklahoma can choose to receive payments in bitcoin on a per-transaction basis. The value of these payments will be determined by bitcoin’s market price at the time of the transaction, unless otherwise agreed upon in writing. This provision provides flexibility for businesses working with the state.

The bill also reduces regulatory barriers for bitcoin-native businesses. Firms that deal exclusively with digital assets and do not exchange them for U.S. dollars would be exempt from Oklahoma’s money transmitter licensing requirements. This aims to encourage the growth of businesses working with digital assets while reducing regulatory burdens.

Private Businesses and Residents in Oklahoma Can Negotiate Payments in Bitcoin

Beyond state payroll and procurement, Senate Bill 2064 allows private businesses and individuals in Oklahoma to negotiate payments in bitcoin. This legislation aims to integrate bitcoin into Oklahoma’s broader economy, allowing businesses to engage in transactions using the cryptocurrency. Bitcoin would serve as a voluntary medium of exchange for private parties in the state.

The bill’s provisions seek to reduce the friction for Bitcoin-based businesses. It allows for easier transactions and fosters an environment where businesses and individuals can choose to use Bitcoin without excessive regulation. The move reflects growing interest in cryptocurrency as an alternative payment method.

If enacted, the legislation will take effect on November 1, 2026. The Oklahoma State Treasurer will be tasked with selecting a provider to process bitcoin payments for state employees and vendors by January 1, 2027.

The post Oklahoma Introduces Legislation for Bitcoin Payments in State Contracts appeared first on Blockonomi.

TLDR:

Bitcoin’s current $89,900 price sits 26% below calculated fair value of $121,600 per mathematical models.

Mean-reversion analysis shows 133-day half-life pattern where markets close 50% of gap exponentially.

Fair value rises daily independent of price action, creating compounding acceleration during recovery phases.

Historical data indicates major pricing deviations typically resolve within seven to eleven month periods.

 

Bitcoin trades at approximately $89,320 as of writing, creating a significant gap against its calculated fair value of $121,600. Market analyst David highlights this $31,700 differential stems from mathematical factors rather than market fundamentals. 

The deviation follows a predictable pattern based on historical data spanning 14 years. Price recovery operates through exponential decay rather than linear progression.

Power-Law Trajectory Reveals Growing Price Tension

Bitcoin operates as a growing network following a power-law trajectory, not random price movements. This mathematical framework establishes fair value at $121,600 while actual trading sits 26% below that benchmark. 

David points out in his analysis that “the market isn’t broken. It’s mispriced by ~$31,700 per coin. The error is mathematical, not emotional.”

Fair value increases daily regardless of price action. Flat prices don’t signal stagnation but rather accumulating tension between actual and theoretical values. 

According to the analyst, “flat price does not mean no progress. It means tension is building.” The current position places buyers at $0.74 per dollar of fair value.

How the $31,000 Bitcoin Mispricing Closes
The 133-Day Half-Life Rule

Bitcoin is ~$89,900. 643 days post-halving.

In prior cycles, this was the fireworks phase. Now it’s quiet. The narrative says the cycle broke.

That conclusion is wrong. The market isn’t broken.
It’s mispriced… pic.twitter.com/ZZhMihwioS

— David (@david_eng_mba) January 23, 2026

The 643-day post-halving period typically marks heightened volatility in previous cycles. Current quiet conditions contrast sharply with historical patterns. 

This divergence fuels narratives claiming structural breaks in Bitcoin’s cyclical behavior. Mathematical analysis suggests otherwise.

Price compression continues building while fair value advances independently. The resulting spring-like tension compounds over time. 

David explains that “silence does not mean nothing is happening” as observable stagnation masks underlying mathematical forces preparing for correction.

Mean Reversion Process Shows 133-Day Half-Life Pattern

Historical deviations from Bitcoin’s power-law trend demonstrate consistent decay patterns. Analysis using Ornstein-Uhlenbeck mean-reversion modeling reveals a 133-day half-life for closing gaps. 

The analyst notes “every ~133 days, the market closes ~50% of the remaining gap to trend. Not linearly. Exponentially.”

The first half-life period reduces the $31,700 gap to approximately $15,800. Meanwhile, fair value grows to $135,000 during this timeframe. 

Implied pricing reaches $119,200, delivering 32% appreciation while maintaining undervaluation. Recovery follows exponential curves rather than straight-line paths.

Second half-life calculations at 266 days show remaining gaps shrinking to $7,900. Fair value projections reach $148,000 at this juncture. 

Price estimates climb to $140,100 as trend momentum dominates declining deviation. Acceleration increases despite narrowing gaps.

Third half-life projections at 399 days reduce mispricing to approximately $4,000. Fair value extends to $162,000 under these conditions. 

Implied prices approach $158,000 as mathematical errors effectively disappear. Pure trend drift becomes the primary driver beyond this point.

Historical data confirms major pricing errors typically resolve within seven to eleven months. The mathematical framework operates independently of short-term volatility. 

David summarizes that “Bitcoin is unpredictable in the short term because variance overwhelms drift” while systematic forces prevail across extended timeframes.

The post Bitcoin’s $31,700 Mispricing Could Trigger Mathematical Correction Within Nine Months, Analysis Shows appeared first on Blockonomi.

TLDR

The U.K. FCA has published a final consultation on applying consumer duty to cryptocurrency firms.

Feedback on the consultation is due by March 12, influencing future crypto regulations.

The FCA requires crypto firms to act in good faith and provide clear information to customers.

The FCA plans to open the application gateway for crypto firms seeking authorization in September 2026.

The consultation will shape rules for crypto firms in the U.K. under the new legislation set for October 2027.

The U.K. Financial Conduct Authority (FCA) has advanced its efforts to regulate cryptocurrency firms with a new consultation on consumer duty. The consultation invites feedback from stakeholders, including crypto companies, auditors, and consumer organizations, with a deadline set for March 12. This move signals a step closer to formal crypto regulation in the U.K., scheduled for September 2026.

FCA Seeks Feedback on Consumer Duty for Crypto Firms

The U.K. FCA is focusing on how consumer duty should apply to cryptoasset companies. The consumer duty aims to ensure that firms act in good faith, avoid foreseeable harm, and support customers in achieving their financial goals. Crypto firms must provide clear information, fair pricing, and support to customers, not only at the point of sale but throughout their entire journey.

The FCA’s consultation offers crypto companies the chance to provide feedback on how these rules would affect them. The regulator emphasized that while it expects firms to adhere to these high standards, it does not intend to stifle innovation in the crypto space. “We want a market where innovation can thrive, but where people understand the risks,” the FCA stated. The consultation will inform future rules for cryptoasset companies operating in the U.K.

U.K. FCA’s Regulation Roadmap for Crypto Firms

In December 2025, the U.K. Treasury introduced legislation to extend existing financial regulations to include crypto companies. This includes a requirement for crypto firms to obtain authorization under new rules taking effect in October 2027. The FCA has already started accepting applications for firms wishing to offer regulated crypto services, with the application gateway for cryptoasset permissions scheduled to open in September 2026.

The FCA’s regulatory framework aims to ensure that the crypto industry operates transparently and in a way that protects consumers. Earlier this month, the FCA highlighted that all companies offering crypto-related services in the U.K. would need to be authorized under these new rules.

This includes businesses that are currently registered under the U.K.’s anti-money laundering regulations. In the coming months, the U.K. FCA will continue its consultations and refine its approach to regulating cryptocurrency in the country.

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TLDR:

XDC Network signed MoU with Murundi Group to deploy blockchain solutions for India-Australia trade corridor. 

The XDC Trade dApp will launch Q1 2026 pilot program focusing on rice and coffee bean trade documentation. 

Partnership addresses paper-based inefficiencies and limited finance access through MLETR-compliant platform. 

Phase 2 expansion will extend blockchain trade solutions to Murundi Group corridors in Americas and Europe.

 

XDC Network has signed a strategic partnership with Murundi Group Pty Ltd to revolutionize global trade through blockchain technology. 

The collaboration brings together XDC Australia and XDC Labs India to deploy supply chain traceability solutions and digital trade documentation. 

This initiative targets the India-Australia trade corridor with plans to expand globally across multiple regions.

Blockchain Infrastructure for Cross-Border Trade

The partnership leverages XDC Network’s hybrid blockchain infrastructure to address critical inefficiencies in international commerce. 

According to XDC Network, the platform tackles “paper-based inefficiencies, opaque provenance, delayed settlements, and limited access to finance” that plague international trade. 

A Strategic Leap Forward for Global Trade on XDC Network!
At XDC Network, we're excited to announce the execution of a pivotal Memorandum of Understanding (MoU) with Murundi Group Pty Ltd.

​This international partnership brings together @XDC_Australia and @XDC_Labs India, with… pic.twitter.com/sLOixUnKpX

— XDC Network (@XDCNetwork) January 23, 2026

The network’s enterprise-grade platform offers EVM compatibility while maintaining low costs and high transaction speeds.

XDC Network described its infrastructure as “hybrid blockchain infrastructure, enterprise-grade, EVM-compatible, low-cost, and high-speed” in its official announcement. 

The collaboration includes support from XDC Innovation Labs alongside Melbourne-based Murundi Group. 

This international effort aims to create transparent and efficient trade pathways between the two nations.

The timing aligns with growing economic ties between India and Australia. The Australia-India Economic Cooperation and Trade Agreement has strengthened bilateral relations. 

Additionally, the recent Mutual Recognition Arrangement for organic products creates favorable conditions for enhanced trade flows.

Pilot Program and Expansion Strategy

The XDC Trade dApp forms the central component of this transformation initiative. XDC Network stated the application “serves as the core engine for transforming trade processes via MLETR-compliant digital trade documents and matching Trade Funding.” 

The platform also facilitates trade funding matches to improve liquidity for market participants.

Phase 1 launches in Q1 2026 with a pilot program focusing on specific commodities. The initial deployment covers established India-Australia trade flows for rice and coffee beans. 

This targeted approach allows the teams to refine processes before scaling operations.

Successful completion of the pilot triggers Phase 2 expansion into new markets. Murundi Group plans to extend the platform across its emerging corridors in the Americas and Europe. 

XDC Network emphasized the initiative creates “a seamless, global blockchain ecosystem that maximises trade volume, liquidity, and efficiency.” 

The collaboration between XDC Australia, XDC Labs India, XDC Innovation Labs, and Murundi Group represents a coordinated effort to modernize trade infrastructure through practical blockchain applications.

The post XDC Network Partners with Murundi Group to Digitize India-Australia Trade Corridor appeared first on Blockonomi.

TLDR:

Nansen launches dedicated Sui dashboards providing real-time visibility into protocols and DeFi platforms

Integration brings AI-powered analytics and smart money tracking tools to Sui developers and institutions

Token God Mode and Nansen Profiler features will roll out in phases for deeper wallet analysis

Platform consolidates fragmented onchain data into unified views for easier interpretation and decisions

 

Nansen has officially integrated support for Sui, bringing real-time onchain analytics to the growing blockchain ecosystem. 

The integration expands access to comprehensive data tracking across wallets, tokens, and decentralized applications. 

Builders, institutions, and researchers can now monitor asset flows and participant behavior through dedicated dashboards. Additional features will launch in phases to support deeper analysis across the network.

Enhanced Analytics Platform Brings New Visibility Tools

The integration introduces AI-powered analytics and wallet intelligence to Sui users. Nansen’s platform enables teams to track smart money movements across the ecosystem. 

This visibility helps developers understand how applications perform as they scale operations.

Sui operates through programmable objects that coordinate assets, permissions, and users. These systems create complex economic interactions that require detailed monitoring. 

The analytics platform provides a consolidated view of how value moves through various protocols and applications.

Real-time data access helps teams identify adoption patterns as they emerge. Users can compare activity levels across different sectors and protocols simultaneously. 

The platform aggregates on-chain information to reveal coordination patterns among network participants.

Traditional blockchain monitoring often fragments data across multiple sources and tools. Nansen consolidates this information into unified dashboards for easier interpretation. Teams gain clearer context around network usage without managing separate data streams.

Phased Rollout Expands Analytical Capabilities Over Time

Dedicated Sui ecosystem dashboards are available immediately following the integration launch. 

These tools provide high-level visibility into top protocols and DeFi platforms. Users can track growth metrics and monitor activity across key sectors.

Token God Mode will arrive in subsequent phases to analyze performance metrics. This feature examines holder distribution patterns and transactional flow data. 

Teams can assess how tokens move through the ecosystem and identify concentration trends.

Nansen Profiler adds detailed wallet behavior analysis for institutional participants. The tool tracks smart money movements and fund activity across applications. Ecosystem builders gain insight into how experienced participants interact with protocols.

The phased approach delivers immediate value while expanding toward comprehensive coverage. 

Teams access high-impact analytics without waiting for full feature deployment. This strategy balances current needs with long-term analytical depth.

Data Access Supports Informed Decision-Making

Transparent on-chain data helps teams make allocation decisions with greater confidence. Developers can evaluate which features drive actual usage versus theoretical interest. Institutions gain measurable evidence about capital flows and participant engagement levels.

The integration strengthens the ecosystem’s ability to operate on verifiable information. Decision-makers rely less on speculation and more on observable network behavior. This approach reinforces data-driven development as applications mature and expand.

Clearer visibility into complex systems reduces uncertainty around protocol performance. Teams iterate based on concrete usage patterns rather than incomplete signals. 

Access to comprehensive analytics becomes increasingly valuable as the network grows.

Nansen’s support for Sui represents expanded infrastructure for ecosystem participants. The platform makes sophisticated analytics accessible to builders at various experience levels. 

This accessibility supports transparent evaluation as the blockchain ecosystem continues to develop.

The post Nansen Integrates Sui Blockchain to Deliver Real-Time Analytics and Onchain Data Visibility appeared first on Blockonomi.

TLDR:

Halborn joins as Strategic Partner to provide blockchain security guidance and incident response protocols. 

HashPack becomes Community Partner as leading non-custodial wallet connecting users to Hedera applications. 

Hashgraph Online contributes open-source tools that generated 34 million transactions on Hedera network. 

Genfinity adds ecosystem storytelling through educational content and podcast conversations with builders.

 

Hedera Council has expanded its partnership network with the addition of Halborn as a Strategic Partner and three organizations joining as Community Partners. 

HashPack, Hashgraph Online, and Genfinity bring specialized capabilities in security, developer tools, and ecosystem communication. 

The partnerships aim to strengthen network adoption and support builders across the Hedera ecosystem.

Security-Focused Collaboration Through Strategic Partnership

Halborn enters the Hedera Council Strategic Partner program with proven expertise in blockchain security and Web3 risk management.

 The firm will work directly with ecosystem builders and enterprise teams on secure development practices and incident response protocols. 

This collaboration represents a structured approach to embedding security throughout the development lifecycle rather than treating it as supplementary.

According to Rob Behnke, Co-Founder and Executive Chairman at Halborn, security performs best when integrated from initial design stages. 

The firm plans to provide hands-on guidance covering pre-launch preparation, ongoing security engagement, and incident readiness support. 

Behnke emphasized that their role on Hedera Council will contribute practical guidance to help builders and enterprises collaborate with greater resilience.

The Strategic Partner program connects mission-aligned organizations with demonstrated scale and technical depth to the Hedera ecosystem. 

Halborn will participate in working groups, workshops, and technical collaborations alongside Council members. 

This structure enables coordinated efforts between enterprises, developers, and security professionals working on the network.

Hedera Council announced these partnerships through its official X account, highlighting how each organization brings distinct capabilities to accelerate adoption. 

Hedera Council welcomes @HalbornSecurity as a Strategic Partner, alongside new Community Partners @hashpack, @HashgraphOnline, and @Genfinity.

By joining, they bring expertise across security, builder enablement, and ecosystem visibility, to accelerate real-world adoption… pic.twitter.com/y3PyFY3HVo

— Hedera (@hedera) January 23, 2026

The announcement grouped Halborn separately from the Community Partners, reflecting different program structures and engagement models within the Council’s partnership framework.

Community Partner Program Expands Builder Support

HashPack joins as a Community Partner, serving as a primary wallet interface for Hedera network participants. 

The non-custodial wallet provides access to decentralized applications, DeFi protocols, and NFT platforms built on Hedera. 

Available across iOS, Android, and browser extensions, the wallet simplifies user interaction with network applications.

May Chan, CEO of HashPack, described the wallet as core infrastructure within the Hedera ecosystem connecting users and enterprises to network capabilities. 

Chan expressed enthusiasm about the Community Partner Program’s expansion and confirmed HashPack will continue delivering secure tools for managing digital assets. 

The company plans to support growing momentum in enterprise adoption and decentralized finance applications.

Hashgraph Online brings builder-focused resources through open standards and developer tooling to the Community Partner program. 

The organization maintains the Hashgraph Consensus Standards framework, which supports on-chain applications with production-ready protocols. 

Michael Kantor, President of Hashgraph Online, reported their open-source specifications and tools have generated over 34 million transactions on the network.

Genfinity contributes ecosystem storytelling and educational content as a Community Partner. Ryan Solomon, Founder and CEO, stated their focus remains on representing ecosystem developments with clarity and professionalism as real-world deployments expand. 

The media organization produces articles and podcast conversations featuring founders, builders, and emerging projects across the Hedera network.

The post Hedera Council Adds Halborn as Strategic Partner Alongside Three Community Partners appeared first on Blockonomi.

TLDR

Shares of Adani Group companies fell sharply following SEC court filings on bribery and fraud charges.

The SEC seeks permission to issue summons to Gautam and Sagar Adani regarding misleading investors and corruption.

The Adani Group is accused of raising $3 billion by securing energy contracts through illegal payments to officials.

Adani Green Energy dropped nearly 14%, and Adani Enterprises saw a 10.7% decline due to the news.

The SEC’s filing details a $250 million bribery scheme to obtain $2 billion in solar energy contracts.

Shares of Adani Group companies dipped on Friday following court filings from the U.S. Securities and Exchange Commission (SEC). According to CNBC, the filings indicate the SEC is seeking to send summons to Adani Group Chairman Gautam Adani and Sagar Adani, the executive director of Adani Green Energy, in relation to bribery and fraud charges.

U.S. SEC Seeks to Issue Summons to Adani Executives

The SEC has approached U.S. District Judge Nicholas Garaufis in Brooklyn to request permission to issue a legal summons. This action targets Gautam Adani and Sagar Adani in connection with charges of misleading international investors regarding anti-bribery and anti-corruption practices. 

The SEC claims the Adani Group executives raised more than $3 billion by securing energy contracts while making illegal payments to Indian government officials. The SEC’s filing also states that the Indian Ministry of Law and Justice rejected two requests last year to serve the summons under the Hague Convention.

According to the SEC, the Ministry contended that it lacked the authority to allow the summons to be served. This legal challenge marks a critical moment in the ongoing investigation into the Adani Group’s financial practices.

Adani Group Shares See Sharp Declines

Shares of Adani Green Energy closed nearly 14% lower, reflecting the market’s reaction to the news. The company’s stock price drop follows the filing of charges related to bribery and fraudulent activities. Similarly, Adani Enterprises, one of the flagship companies of the Adani Group, saw a 10.7% drop in its share price.

Adani Power, another major player in the group, also saw a 5.7% decline. The SEC’s court filings describe a bribery and fraud scheme involving the payment of more than $250 million in bribes to secure solar energy contracts. The contracts, which generated more than $2 billion in profits, were allegedly obtained through corrupt dealings with Indian government officials.

The SEC’s charges suggest a coordinated effort by the Adani Group to mislead investors about the legality of their business practices. The U.S. federal court is expected to review the SEC’s request to issue the summons to the Adani executives. Meanwhile, the ongoing investigation into the Adani Group’s practices continues to unfold, with potential legal consequences for those involved.

The post Adani Group Shares Fall Amid SEC Charges of Bribery and Fraud appeared first on Blockonomi.

TLDR:

STRC targets fixed-income investors, creating capital access independent of equity market sentiment 

The instrument maintains Bitcoin buying capacity even when mNAV ratios make equity raises marginal 

STRC purchases increase NAV without dilution, strengthening conditions for future ATM issuance 

Combined STRC and equity mechanisms create reinforcing cycle amplifying total acquisition capacity

 

MicroStrategy’s preferred stock instrument STRC has introduced a structural shift in the company’s Bitcoin accumulation strategy, according to market analyst Adam Livingston. 

The mechanism enables capital raising independent of common equity dynamics, creating conditions for sustained asset purchases regardless of market NAV multiples. 

This development addresses historical limitations that previously constrained acquisition capacity during periods of compressed equity valuations.

Dual Capital Engine Architecture Transforms Acquisition Capacity

The STRC instrument operates as a parallel financing channel that bypasses traditional equity dilution concerns. 

Unlike common stock issuance, which requires elevated market-to-NAV ratios to remain accretive, STRC targets fixed-income investors seeking yield rather than equity beta exposure. 

This distinction proves critical when mNAV hovers near current levels of approximately 1.06, where common equity raises provide minimal per-share benefits.

Livingston outlined the operational framework in his analysis, noting that STRC “raises capital without touching common equity” and remains “agnostic to mNAV.” 

The analyst emphasized that this structure “targets a completely different buyer base” consisting of yield-seeking fixed income investors rather than equity beta chasers. 

STRC IS THE FINAL PUZZLE PIECE FOR SAYLOR'S GRAND BITCOIN BUYING MASTERPLAN

At today's mNAV ≈ 1.06, issuing common equity is slightly accretive, not massively, but importantly not destructive.

That gives Saylor permission to use the ATM in measured size without hurting BTC… pic.twitter.com/kq239haWRH

— Adam Livingston (@AdamBLiv) January 22, 2026

The instrument allows Bitcoin accumulation even when traditional ATM programs would produce marginal results.

Capital deployed through STRC immediately increases the company’s Bitcoin holdings without affecting per-share metrics negatively. 

This preserves shareholder value while expanding the overall asset base. According to Livingston, the mechanism means that “BTC per share can rise without common dilution” while “NAV grows independently of equity sentiment.” 

The structural advantage manifests in the ability to maintain buying pressure across varying market conditions.

Fixed-income buyers represent a distinct investor class with different return requirements than equity participants. 

By accessing this alternative capital pool, MicroStrategy secures funding streams that remain available when equity markets price shares at compressed multiples. 

The independence from common equity sentiment creates operational flexibility that previously did not exist within the company’s capital structure. 

Balance sheet strength improves mechanically as STRC proceeds fund direct Bitcoin purchases, increasing NAV without corresponding dilution to existing shareholders.

Reinforcing Feedback Mechanisms Drive Sustained Growth

The relationship between STRC issuance and equity market dynamics creates a self-reinforcing cycle. Livingston described the progression as a feedback loop where “STRC raises capital” with “no common dilution” leading to “immediate BTC purchases.” 

These Bitcoin acquisitions then “put direct positive pressure on Bitcoin price” while mechanically increasing Strategy’s NAV. 

This expansion strengthens the balance sheet and supports higher mNAV valuations independent of speculative price movements.

As mNAV stabilizes or rises, conditions become favorable for larger-scale ATM equity issuance. When mNAV reaches levels where common equity raises turn accretive, the ATM program activates at increased scale. 

The analyst noted that rising NAV “stabilizes or lifts mNAV even without price speculation,” which in turn “reopens the ATM at larger scale” and “makes common equity issuance increasingly accretive.”

Even modest mNAV premiums allow equity issuance that positively impacts per-share Bitcoin holdings. The combined effect of STRC and ATM programs amplifies total acquisition capacity beyond what either mechanism achieves independently. 

Livingston explained that “each leg strengthens the next” as the cycle progresses from STRC to BTC to NAV to mNAV to ATM and back to BTC. Each capital raise strengthens positioning for the subsequent funding round.

Market impact extends beyond corporate financing mechanics. Sustained Bitcoin purchases from both STRC and equity proceeds create persistent bid pressure on the underlying asset. 

The analyst characterized the system as multiplicative, stating that STRC “quietly manufactures the balance sheet conditions that make even a low mNAV regime productive, then turns that productivity into future equity optionality.” 

This effectively removes the binary dependence on elevated equity valuations that previously limited execution flexibility across market cycles.

The post How STRC Completes MicroStrategy’s Multi-Layered Bitcoin Buying Strategy, Analyst Explains appeared first on Blockonomi.

TLDR:

SEC and CFTC chairmen will discuss eliminating unclear regulatory boundaries affecting crypto firms. 

The January 27 event aims to support the goal of making America the leading crypto capital globally. 

Market participants have struggled with misaligned regulations based on outdated jurisdictional divisions. 

The meeting will be livestreamed publicly with Eleanor Terrett moderating the fireside discussion.

 

The Securities and Exchange Commission and Commodity Futures Trading Commission will convene a joint public event next week focused on regulatory harmonization in the cryptocurrency sector. 

Chairman Paul S. Atkins and Chairman Michael S. Selig announced the meeting Tuesday, scheduled for January 27 at CFTC headquarters in Washington, D.C. 

The one-hour session aims to address long-standing regulatory conflicts affecting digital asset market participants.

NEXT WEEK: We are partnering with the @CFTC to hold a joint event on harmonization and U.S. financial leadership in the crypto era.

The event, held at CFTC headquarters, will be open to the public and livestreamed on our website.

— U.S. Securities and Exchange Commission (@SECGov) January 22, 2026

Regulatory Leaders Address Jurisdictional Challenges

Both agencies have acknowledged the persistent difficulties facing crypto businesses navigating overlapping regulatory frameworks. 

“For too long, market participants have been forced to navigate regulatory boundaries that are unclear in application and misaligned in design,” the chairmen stated. 

They attributed these challenges to legacy jurisdictional silos that have hindered the industry’s development.

The event represents a concrete step toward resolving these conflicts between the two primary federal financial regulators. 

Chairman Atkins will open the session at 10 a.m., followed by remarks from Chairman Selig. The program includes a 30-minute discussion moderated by Eleanor Terrett, co-founder of Crypto in America.

Registration is not required for those planning to watch the livestream on the SEC’s website. Physical attendance at Three Lafayette Centre will be available on a first-come basis, with doors opening at 9:30 a.m. 

The SEC shared details about the partnership through its official social media channels earlier this week.

Broader Implications for American Crypto Policy

The joint statement framed the initiative within the Trump administration’s stated goal of establishing United States dominance in cryptocurrency markets. 

According to the chairmen, the event “will build on our broader harmonization efforts to ensure that innovation takes root on American soil.” 

They emphasized their commitment to fostering development under American law while serving investors, consumers, and economic leadership.

The harmonization effort seeks to eliminate regulatory ambiguity that has pushed some crypto firms to operate offshore. 

Current rules often force companies to interpret whether their products fall under SEC securities regulations or CFTC commodity oversight. 

This uncertainty has created compliance challenges that industry participants have documented extensively.

The session on January 27 will explore specific approaches to aligning the agencies’ regulatory positions. Both chairmen indicated that clear, coordinated rules would encourage crypto businesses to establish operations domestically. 

The event marks one of the first major policy announcements from both agencies under their current leadership.

Market observers view the meeting as a signal that federal regulators are moving toward a unified approach. The timing aligns with broader congressional discussions about comprehensive digital asset legislation.

Industry stakeholders have long advocated for clarity on which regulator oversees different types of crypto products and services.

The post SEC and CFTC to Hold Joint Event on Crypto Regulatory Harmonization appeared first on Blockonomi.

TLDR:

YZi Labs, CZ’s $10B investment vehicle, takes strategic position in BitGo’s NYSE public offering. 

BitGo manages $82B in assets across 5,100+ institutions with decade-long hack-free security record. 

Platform offers full-service custody, staking infrastructure, and white-label stablecoin issuance. 

Partnership combines BitGo’s regulated infrastructure with Binance and BNB ecosystem’s global reach.

 

YZi Labs has announced a strategic investment in BitGo’s initial public offering as the digital asset custody platform begins trading on the New York Stock Exchange. 

The move represents a significant endorsement of regulated cryptocurrency infrastructure by Changpeng Zhao’s $10 billion investment vehicle. 

BitGo manages $82 billion in assets across more than 5,100 institutional clients in 100 countries, positioning itself as critical infrastructure for institutional digital asset adoption.

Regulated Infrastructure Attracts Major Backing

The investment from YZi Labs, formerly known as Binance Labs, marks a clear focus on compliant digital asset infrastructure. 

The firm now operates as CZ’s independent investment arm concentrating on Web3, artificial intelligence, and biotechnology sectors. 

BitGo operates under U.S. regulatory frameworks with a qualified trust structure spanning multiple jurisdictions. 

The platform maintains compliance standards across North America, Europe, the Middle East, and Asia.

Mike Belshe founded BitGo and serves as chief executive officer. He previously contributed to foundational internet technologies at Netscape and Google Chrome. 

The company has maintained a hack-free security record throughout its decade-long operational history. 

Ella Zhang, Head of YZi Labs, noted that BitGo has maintained this security record “for over a decade, a testament to the technical foundation laid by its inventor and CEO, Mike Belshe.”

https://t.co/RixOKzJ5vp

— YZi Labs (@yzilabs) January 23, 2026

BitGo provides comprehensive digital asset services beyond basic custody functions. The platform offers staking-as-a-service, enabling institutions to generate yields on supported cryptocurrencies. 

Additionally, BitGo delivers stablecoin-as-a-service infrastructure that allows banks and enterprises to issue white-label stablecoins. These services address the full lifecycle of institutional digital asset management needs.

The custody platform’s scale demonstrates growing institutional adoption of cryptocurrency infrastructure. 

Zhang emphasized that “as the digital asset industry matures, BitGo’s regulated, institutional-grade infrastructure has become a critical competitive advantage.” 

With $82 billion in assets on platform, BitGo has established itself as essential infrastructure for digital asset markets. 

The company’s multi-jurisdictional regulatory compliance framework positions it to capture increasing institutional demand across global markets.

Strategic Alignment for Global Expansion

YZi Labs views U.S.-regulated platforms as strategic pillars for capital markets converging with digital asset systems. 

The investment firm committed to providing resources for BitGo’s expansion as a publicly traded company. Zhang stated the firm is “committed to providing the strategic resources necessary to fuel its next phase of global growth as a public company.”

The partnership combines BitGo’s security infrastructure with the global reach of the Binance and BNB ecosystem. Belshe commented on the collaboration, stating that “YZi Labs’ strategic investment is not just a backing; it is a shared commitment to a future built on compliant, institutional-grade infrastructure.” 

He added that by combining BitGo’s security technology with the BNB ecosystem’s market reach, they are “setting the standard for how the world’s capital enters this space.”

The NYSE listing provides BitGo with additional transparency and regulatory oversight expected by traditional financial institutions. 

Belshe stated the company’s “mission remains to deliver absolute trust to the digital asset ecosystem” as it debuts on the exchange. 

This public market presence may accelerate institutional adoption by reducing counterparty concerns among traditional financial players.

BitGo’s stablecoin infrastructure addresses growing demand from traditional finance for blockchain-based payment systems. 

Banks increasingly explore stablecoin issuance to improve cross-border transaction efficiency and reduce settlement times. The platform’s white-label capabilities enable financial institutions to maintain brand identity while accessing blockchain rails. 

The investment reflects broader trends toward regulated cryptocurrency infrastructure that meets institutional requirements for compliance, insurance coverage, and regulatory supervision across global operations.

The post YZi Labs Invests in BitGo’s NYSE IPO as Custody Giant Targets Institutional Market appeared first on Blockonomi.

TLDR:

BOJ held rates at 0.75% in an 8-1 vote, with one member pushing for a hike to 1%, citing price risks.

The growth forecast was raised to 0.9% for FY2026 as inflation stayed above the 2% target for 45 consecutive months.

The yen fell 4.6% since October to 158.97 per dollar, prompting warnings from Finance Minister Katayama.

Bond yields hit multidecade highs despite tightening, with Ueda ready for nimble action on volatility.

 

The Bank of Japan maintained its benchmark interest rate at 0.75% during Friday’s policy meeting while upgrading economic growth forecasts. 

The decision comes amid market volatility triggered by Prime Minister Sanae Takaichi’s call for snap elections next month. 

Governor Kazuo Ueda reaffirmed the central bank’s commitment to gradual rate increases if economic conditions support such moves. The board voted 8-1 to hold rates steady after raising them to a 30-year high in December.

Growth Forecasts Rise as Inflation Remains Above Target

The central bank raised its economic growth projection for the fiscal year ending March 2026 to 0.9% from 0.7%. The outlook for fiscal 2026 also increased to 1% from the previous 0.7% estimate. 

These upgrades reflect expectations of moderate GDP expansion as global economies recover. The BOJ anticipates that a virtuous cycle of rising wages and prices will continue. 

TOKYO, Jan 23 : The Bank of Japan is set to keep interest rates steady on Friday and signal cautious optimism that the economy will maintain a moderate recovery that would justify raising still-low borrowing costs further.

BOJ Governor Kazuo Ueda is likely to offer few clues on… pic.twitter.com/2Qkwvnvk5S

— MartyParty (@martypartymusic) January 23, 2026

Government economic measures and accommodative financial conditions are expected to support this trend.

Board member Hajime Takata dissented by proposing a rate increase to 1%. He argued that price risks in Japan were tilted to the upside. 

December inflation data showed headline price growth at 2.1%, the lowest since March 2022. However, prices have remained above the 2% target for 45 consecutive months. 

Core-core inflation, which excludes fresh food and energy, registered 2.9% in December. The central bank projects underlying inflation will continue rising moderately.

Wage growth and sticky service prices above 2% continue to underpin inflation. Masahiko Loo from State Street Investment Management observed that the firm’s underlying inflation supports the BOJ’s normalization path. 

“This firm underlying inflation reinforces our view that the BOJ’s normalization path will stay intact, albeit at a gradual pace,” Loo stated. 

The bank expects inflation to fall below 2% in the first half of the year. Nevertheless, underlying price pressures remain supported by wage increases. Japan began policy normalization in March 2024 by ending negative interest rates.

Political pressure has intensified on the central bank’s tightening approach. Takaichi and other prominent figures advocate softer rates to boost economic growth. Japan’s third-quarter GDP contracted 0.6% quarter-on-quarter and 2.3% annualized. 

This exceeded initial estimates and highlights economic fragility. The government has planned a record $783 billion budget for the next fiscal year. A $135 billion stimulus package was also implemented last year to help households manage living costs.

Bond Yields Surge as Yen Weakens Against Dollar

Japanese bond yields have climbed to multidecade highs over the past month despite monetary tightening. 

Real rates remain negative while fiscal concerns mount. Ueda acknowledged long-term interest rates were rising at a fast pace. 

The BOJ governor assured markets that the central bank was ready to take nimble action to address exceptional moves. 

Ueda also emphasized that the bank will continue raising interest rates if economic and price forecasts materialize. Capital outflows have accelerated as yields rise.

The yen has declined significantly against the dollar since late last year. It fell approximately 4.6% from October 21, when Takaichi became prime minister. 

The currency currently trades around 158.97 per dollar. Finance Minister Satsuki Katayama warned against one-sided currency movements. 

She conveyed deep concern about yen depreciation to Treasury Secretary Scott Bessent in Washington last week.

Katayama reported Friday that the bond market rout appeared to have receded. She emphasized close monitoring of financial markets with high urgency. 

When asked about currency volatility, Ueda noted that instability remains elevated and requires scrutiny. “Volatility remains high,” Ueda stated, adding he would scrutinize developments. 

State Street projects one rate hike in 2026 and another in 2027. The terminal rate is expected to reach 1.25% under this base case scenario.

If the yen breaches 160 against the dollar, two hikes could occur this year. One increase might come as early as April, pushing the terminal rate to 1.5%. 

The terminal rate represents a level balancing inflation and economic growth. Market participants continue watching for signals on the timing of the next rate adjustment.

The post Bank of Japan Holds Rates at 0.75% as Bond Yields Rise and Yen Weakens Amid Political Pressure appeared first on Blockonomi.

TLDR

JPMorgan highlights Nvidia, Broadcom, and Micron as leading AI chip investments before earnings reports

Semiconductor industry revenue expected to grow over 15% in 2026 with strong AI demand

Nvidia controls 80-90% of AI accelerator market with earnings due February 25

Broadcom’s AI chip revenue jumped 74% year-over-year with 55-60% market share in custom chips

Micron stock surged 40% this year but can only fulfill half to two-thirds of customer orders for high-bandwidth memory

JPMorgan has released its list of preferred semiconductor investments as earnings season approaches. The banking giant expects solid performance from chip companies throughout 2026.

Analyst Harlan Sur named Nvidia, Broadcom, and Micron as the firm’s top three selections. JPMorgan maintains overweight ratings on these stocks along with Marvell Technology, Analog Devices, KLA Corp, and Synopsys.

The firm also likes smaller companies MACOM Technology Solutions and Astera Labs. These names stand to gain from AI data center buildouts.

Sur forecasts that most semiconductor companies will meet or beat fourth-quarter expectations. Companies should also provide positive guidance for the first quarter and full year 2026.

JPMorgan estimates industry revenue could climb more than 15% this year. The firm projects AI accelerator spending will exceed $200 billion in 2025 with a 50% compound annual growth rate.

AI accelerators are specialized chips used in servers, data centers, and cloud platforms. These components speed up artificial intelligence applications and processing tasks.

Nvidia Dominates AI Chip Market

Nvidia maintains an 80-90% share of the AI accelerator market. The company reports its Q4 FY2026 results on February 25.

Major cloud providers continue to drive strong demand for Nvidia products. The company’s CUDA software platform helps keep customers locked into its ecosystem.

Nvidia’s Blackwell platform is currently scaling production. The next-generation Vera Rubin platform is expected to reduce AI processing costs when it launches.

Wall Street analysts rate Nvidia as a Strong Buy. The consensus price target suggests approximately 43% upside potential from current levels.

Broadcom’s Custom Chip Business Grows

Broadcom reports Q1 FY26 earnings on February 26. The company supplies custom chips and networking hardware for large-scale AI systems.

Broadcom controls 55-60% of the custom AI chip market. CEO Hock Tan stated that AI chip sales rose 74% year-over-year and are generating record revenue.

The company holds a Strong Buy rating from analysts. Wall Street sees roughly 41% upside for Broadcom shares.

Micron Struggles to Meet Memory Demand

Micron will announce Q2 FY26 results on April 1. Shares have climbed 40% year-to-date on strong high-bandwidth memory demand.

The company can currently satisfy only half to two-thirds of what major customers need. This supply constraint highlights the intense demand for memory chips in AI applications.

Micron carries a Strong Buy rating from analysts. However, the average price target of $374.35 indicates about 6% downside from current trading levels after the recent rally.

JPMorgan cautioned that rising memory prices could hurt PC and smartphone sales later in 2026. Despite this risk, the firm remains optimistic about AI chip demand.

U.S. semiconductor stocks rose Wednesday after JPMorgan released its analysis. Nvidia and Broadcom led the gains among the recommended names.

The post Nvidia, Broadcom, Micron: JPMorgan’s Top Semiconductor Picks for 2026 appeared first on Blockonomi.

TLDR

Nvidia stock climbed 1.5% after Bloomberg reported China granted preliminary approval for tech companies to order H200 AI chips

Chinese tech giants Alibaba, Tencent, and ByteDance can now discuss specific purchase quantities with Nvidia

Chinese companies could buy around 1.5 million H200 chips worth roughly $30 billion in revenue

Nvidia agreed to give the U.S. government a 25% cut of sales from China

The approval reverses earlier reports that Beijing was blocking H200 chip shipments to China

Nvidia shares jumped Friday morning after reports emerged that Chinese regulators have cleared the path for major tech companies to order the chipmaker’s H200 AI processors.

The stock rose 1.5% following a Bloomberg report that Beijing granted preliminary approval to companies including Alibaba, Tencent, and ByteDance. These firms can now advance to the next stage of purchase preparations and discuss specific order quantities.

The development marks a reversal from recent reports suggesting China was blocking H200 shipments. Sources told Bloomberg that Chinese officials have given in-principle approval for the orders to move forward.

The H200 chips are critical components for running AI systems. They represent a key part of Nvidia’s high-performance computing lineup.

Massive Revenue Potential

KeyBanc analyst John Vinh estimates Chinese companies could purchase around 1.5 million H200 chips. That translates to roughly $30 billion in potential revenue for Nvidia.

The deal comes with strings attached. Nvidia agreed to pass 25% of the China sales to the U.S. government.

Chinese regulators reportedly plan to encourage companies to buy a certain amount of domestic chips as a condition for approval. However, no specific quota has been set yet.

Supply Chain Impact

The Financial Times previously reported that manufacturers in Nvidia’s H200 supply chain had paused production. This followed customs officials blocking shipments of the hardware designed for the Chinese market.

Beijing’s stance now appears to be softening on these restrictions. The chips involved are specially designed versions created for the Chinese market.

Other semiconductor companies also saw movement Friday morning. Advanced Micro Devices stock rose 2.7% in premarket trading. Broadcom shares dipped 0.3%.

AMD hopes to secure its own chip sales in China. Broadcom works with ByteDance on custom AI processors.

Nvidia’s regular trading session Thursday saw shares gain 0.8%. The stock opened premarket Friday at $187.74.

The H200 chips are essential for tech companies building and operating AI systems. China’s tech sector has been racing to develop AI capabilities.

Alibaba, Tencent, and ByteDance rank among China’s largest technology firms. All three companies are investing heavily in AI development and infrastructure.

The approval allows these companies to now discuss specific quantities they would require from Nvidia. This marks a concrete step forward in the purchasing process after the preliminary clearance.

The post Nvidia (NVDA) Stock: China Finally Greenlights H200 Chip Orders Worth $30 Billion appeared first on Blockonomi.

TLDR

Movano (MOVE) stock jumped 160.55% in pre-market trading after merger partner Corvex announced a GPU lease deal

Corvex secured a long-term agreement to lease Nvidia H200 GPUs to an AI battery technology company

The GPU deployment will support AI development and research for the battery tech provider

Movano is set to merge with Corvex in an all-stock transaction announced in November 2025

Pre-market volume exceeded 14 million shares compared to the typical 27,000 daily average

Movano stock rocketed higher on Friday morning after Corvex announced a major GPU lease agreement. The company’s shares climbed 160.55% in pre-market trading.

Corvex, an AI cloud computing company, secured a long-term deal with an established AI-driven battery technology provider. The agreement involves leasing Nvidia H200 GPUs for AI development and research work.

Movano stock is moving because the company is merging with Corvex. The all-stock transaction was announced on November 10, 2025. Right now, MOVE shares represent the only public way to invest in Corvex.

The GPU deployment will support the battery company’s AI initiatives. The customer chose Corvex for its superior value and hyperscaler-class operations over other AI infrastructure providers.

Corvex designed the solution to maximize compute density while maintaining flexibility for peak demand. The company is providing a secure, managed on-premise setup with hardware-enforced encryption.

This addresses strict data sovereignty and compliance requirements. The battery technology provider needed infrastructure that could handle these security demands.

Jay Crystal, Co-CEO of Corvex, commented on the deal. He said the deployment shows how AI innovators are scaling production without compromising economics, market access, or operational velocity.

Market Response and Trading Activity

Trading volume tells the story of investor interest. Pre-market activity saw more than 14 million shares change hands.

For context, Movano’s three-month daily average sits around 27,000 shares. That’s roughly 500 times the normal volume.

Seth Demsey, the other Co-CEO of Corvex, weighed in on what the deal means. He noted growing demand from AI model builders for secure GPU infrastructure that’s easy to use and more cost-effective than existing options.

Stock Performance Context

The surge comes after a rough stretch for MOVE. Shares had dropped 2.24% the previous day.

Year-to-date, the stock is down 16.13%. Over the past 12 months, shares have fallen 85.76%.

The merger deal positions Corvex to enter public markets through Movano. Corvex specializes in GPU-accelerated infrastructure for AI workloads.

The battery technology customer selected Corvex’s infrastructure over competing providers. The deal validates Corvex’s approach to AI computing solutions.

Corvex’s GPU clusters are built to handle demanding AI workloads. The infrastructure supports both development and production environments.

The security features include hardware-enforced encryption. This level of protection matters for companies with strict compliance needs.

Pre-market trading on Friday showed MOVE at sharply higher levels following the Corvex announcement about its GPU lease agreement with the AI battery technology provider.

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