Blockonomi

TLDR:

Whale holdings turn negative after prolonged accumulation through 2024 and early 2025 period 

Bitcoin apparent demand shifts from positive in mid-2025 to sustained red zone in January 2026 

Dolphin addresses holding 1K-10K BTC move from aggressive accumulation to profit-taking mode 

Coinbase Premium Index remains deeply negative, showing a weak US institutional buying appetite 

 

Bitcoin’s price struggle near $89,400 reflects a confluence of bearish signals across multiple investor segments. On-chain data reveals coordinated distribution by large holders, weakening demand patterns, and declining institutional appetite from US-based traders. 

The cryptocurrency faces mounting pressure as market participants shift from accumulation to profit-taking, marking a potential inflection point for the digital asset’s near-term trajectory.

Large Holders Shift to Distribution Mode

Bitcoin’s apparent demand has transitioned sharply from positive territory in mid-2025 to sustained negative readings throughout January 2026. 

Long-term holders are distributing coins at a faster rate than new buyers can absorb. This supply overhang creates downward pressure on price action. 

The market absorption capacity appears insufficient to offset the selling volume from experienced investors.

Whale addresses holding between 1,000 and 10,000 BTC accumulated aggressively throughout 2024 and early 2025. The one-year change metric now shows a negative trajectory as of January 2026. 

Historical patterns indicate that shrinking or negative whale accumulation often precedes extended price weakness. 

Is the Party Over? Decoding the Bitcoin Sell-Off

“All four indicators are currently showing a bearish convergence. US institutional demand is weak, overall demand is negative, and both Dolphins and Whales are in a distribution (selling) phase.” – By @EgyHashX pic.twitter.com/7FApm4eLm6

— CryptoQuant.com (@cryptoquant_com) January 23, 2026

The largest market participants are exiting positions after a prolonged period of building exposure.

Dolphin holdings in the same address range demonstrate similar behavior patterns across recent weeks. The 30-day percentage change has dropped into negative territory following aggressive accumulation during 2025’s rally. 

Medium-to-large investors have clearly pivoted from holding strategies to profit realization. This shift represents a meaningful change in positioning among sophisticated market participants.

The convergence of whale and dolphin distribution creates a vacuum in buying support. Without these large holders absorbing supply, retail demand alone proves inadequate for price stability. 

The coordinated nature of this selling pressure suggests strategic repositioning rather than panic liquidation. Market structure has weakened considerably as key participants reduce exposure simultaneously.

Institutional Appetite Wanes Amid Price Decline

The Coinbase Premium Index remains deeply negative, reflecting weak demand from US-based investors and institutions. 

This metric compares Coinbase pricing to global exchanges, revealing relative buying or selling pressure. 

Current readings suggest American market participants are offloading positions or showing limited interest at present levels. The gap between US and international demand has widened substantially.

Two weeks prior, Bitcoin rallied from $90,000 to $97,500 following short-term bullish predictions. However, that momentum proved unsustainable as underlying demand conditions deteriorated. 

The subsequent decline to $89,400 erased those gains. Price action now reflects the fundamental weakness across all major investor cohorts.

All four analyzed metrics point toward bearish convergence in January 2026. Apparent demand remains negative, whale holdings contract, dolphins distribute actively, and institutional appetite through Coinbase stays subdued. 

This alignment of negative indicators rarely reverses quickly without significant catalysts. The market faces headwinds from multiple participant segments simultaneously.

The current environment differs markedly from the accumulation phases that characterized earlier periods. Old hands are rotating out of positions built during lower price levels. 

New capital inflows remain insufficient to stabilize prices despite relatively modest declines. Market dynamics suggest further downside risk unless demand patterns shift materially in the coming weeks.

The post Bitcoin Sell-Off Deepens as Whales and Institutions Dump Holdings Amid Weak Demand appeared first on Blockonomi.

TLDR:

Plume became a registered SEC transfer agent in October 2025, enabling compliant U.S. securities operations.

The company launched the first onchain money market fund recognized by both Hong Kong and Singapore regulators.

Plume received a commercial license from Abu Dhabi Global Market alongside BlackRock and Deutsche Bank.

The network implements AML and KYC controls at the sequencer level for embedded regulatory compliance.

 

Blockchain infrastructure provider Plume Network achieved several regulatory milestones throughout 2025, earning approvals from financial authorities in the United States, Hong Kong, Singapore, and Abu Dhabi. 

The company registered as a transfer agent with the U.S. Securities and Exchange Commission while obtaining commercial licenses in key international markets. 

These developments mark a shift in how public blockchains integrate with traditional financial regulatory frameworks for real-world asset tokenization.

SEC Transfer Agent Registration Opens U.S. Securities Market Access

Plume received approval from the SEC to operate as a registered transfer agent in October 2025. Transfer agents maintain official ownership records and process securities transfers within regulated markets. 

The registration allows Plume to demonstrate that public blockchains can function as regulated financial infrastructure rather than experimental technology.

On October 6, 2025, Plume announced on social media that it had registered a transfer agent with the SEC. 

The company stated this accelerates its mission to bring the trillion-dollar U.S. securities market onchain. 

Plume described the registration as its first step in working with the SEC to build fully compliant tokenized capital markets.

The registration does not require changes to existing securities laws, according to the company’s assessment. Instead, current regulatory frameworks can extend to programmable systems that enhance transparency and settlement speed.

Plume continues engaging with SEC officials and lawmakers regarding onchain transfer agency functions. The company maintains that compliance can be enforced through smart contracts rather than manual processes.

https://t.co/EzOM2d6wjz

— Plume (@plumenetwork) January 23, 2026

Throughout 2025, Plume participated in policy discussions with U.S. regulators about tokenized capital markets implementation. 

The conversations focused on outcomes-based regulation rather than technology-specific rules. Plume also highlighted how tokenized markets can reduce issuance costs and improve liquidity while maintaining regulatory oversight.

International Expansion Through Hong Kong, Singapore, and Abu Dhabi Licenses

Plume secured regulatory recognition in Hong Kong and Singapore for operating the first on chain money market fund approved by both jurisdictions. 

On August 11, 2025, the company announced this world-first achievement on social media. Plume noted that regulated, institutional-grade products can thrive on public blockchains without compromising compliance standards.

The network hosted forums with Web3Labs titled “2025 Spotlight: Hong Kong’s New Policy on Digital Assets.” These sessions provided industry and regulatory participants with insights into the region’s digital asset ecosystem development. 

The engagements addressed institutional participation and cross-border capital flows within existing AML frameworks.

In December 2025, Plume obtained a commercial license from the Abu Dhabi Global Market Registration Authority. 

On December 9, 2025, the company announced the license places it alongside BlackRock, Deutsche Bank, and QCP Group in ADGM’s community of global financial institutions. 

The authorization supports real-world asset origination and distribution across the Middle East and Africa under ADGM’s financial framework.

Plume also submitted formal comments to the Bermuda Monetary Authority’s consultation on asset tokenization. 

On January 12, the company announced it had submitted formal comments to support its global initiative for safe, secure tokenized RWA markets through balanced policy. 

The submission focused on recognizing distributed ledger technology as official record-keeping infrastructure. 

Plume implements AML and KYC controls at the sequencer level, with additional compliance built into its RWA yield protocol, Nest.

The post Plume Network Achieves Major Regulatory Breakthroughs Across Global Markets in 2025 appeared first on Blockonomi.

TLDR:

Deutsche Telekom and NTT Digital operate blockchain validators across multiple networks, including Theta. 

Telecommunications companies achieve 99.999% uptime standards matching blockchain validator requirements. 

Validator staking yields from blockchain networks often exceed traditional telecommunications revenue streams. 

Over 30,000 distributed edge nodes contribute computing capacity to Theta’s hybrid infrastructure model.

 

Telecommunications companies are expanding into blockchain infrastructure by operating validator nodes on distributed networks. 

Deutsche Telekom and NTT Digital recently joined Theta Network as enterprise validators, joining other major firms already running blockchain infrastructure. 

This movement reflects operational synergies between traditional telecommunications and decentralized networks, where both industries require similar technical capabilities and infrastructure management expertise.

Infrastructure Expertise Drives Telecom Entry into Blockchain

Telecommunications companies possess the technical foundation needed for blockchain validator operations. 

Public blockchains demand always-on servers across multiple locations, high uptime guarantees, and round-the-clock network monitoring. 

Telcos already maintain data centers targeting 99.999% uptime while employing security teams refined through decades of operations.

Running validator nodes allows these companies to monetize existing assets without significant additional investment. 

Current data center capacity and operational staff can support blockchain infrastructure while generating staking yields. 

These returns often surpass traditional telecommunications revenue streams, making validator operations financially attractive.

Deutsche Telekom operates validators across Ethereum, Polkadot, Chainlink, and Theta Network. 

NTT Digital, part of Japan’s largest telecommunications provider with $100 billion annual revenue, runs validators on Theta and Injective protocols. Both companies leverage their existing infrastructure to participate in blockchain networks.

Major telecom companies have entered the blockchain space in recent years. If you understand both industries, the operational and technical parallels are obvious.

Read more: https://t.co/bkpUjmfZIf pic.twitter.com/tduiJtEGDk

— Theta Network (@Theta_Network) January 23, 2026

Deutsche Telekom’s Dirk Roeder expressed the company’s strategic interest, stating they were “impressed by Theta EdgeCloud use cases focused on reliability, performance, and security.” 

These priorities align with operational disciplines telecommunications companies already maintain, creating natural compatibility between industries.

Hybrid Network Architecture Appeals to Traditional Operators

Theta EdgeCloud’s infrastructure design mirrors telecommunications network architecture. Mobile networks combine centralized core systems for authentication and billing with distributed cell towers providing local coverage. Edge devices process data closer to users, reducing latency through distributed processing.

Theta’s model operates similarly by pairing cloud partners offering high-end GPU clusters with over 30,000 distributed edge nodes. 

An intelligent coordination layer routes computational tasks to appropriate infrastructure based on workload requirements. 

This approach matches how telecommunications companies already balance centralized and distributed systems.

Corporate partners evaluate blockchain networks differently when established telecommunications firms serve as validators. 

Seeing Deutsche Telekom and NTT Digital alongside Google, Samsung, and Sony signals infrastructure credibility. 

Universities making multi-year AI research commitments and enterprises deploying decentralized applications prioritize networks operated by trusted entities.

Validator participation provides telecommunications companies hands-on experience with distributed systems and token economics. 

Early involvement builds internal expertise while positioning these firms as potential providers for future hybrid infrastructure models. 

The arrangement benefits both blockchain networks seeking credible operators and telecommunications companies exploring emerging technologies.

The post Telecom Giants Deutsche Telekom and NTT Digital Enter Blockchain as Enterprise Validators appeared first on Blockonomi.

TLDR:

Binance Smart Chain revenue reached $2.5M on January 22, matching the $2.63M peak recorded in mid-October 2024 

October’s similar revenue spike preceded Bitcoin’s 25% decline from $110,000 to below $83,000 

Elevated fees indicate rising trading intensity, DeFi usage, and speculative behavior across BSC 

Network demand patterns show increased block space utilization and higher gas prices in January 

 

Binance Smart Chain recorded $2.5 million in daily revenue on January 22, matching levels last seen during previous market peaks. 

The spike in blockchain fee revenue signals heightened network demand, with transaction volumes reaching thresholds that preceded significant price corrections in recent months. 

On-chain metrics show traders paying elevated fees for token swaps, transfers, and smart contract interactions across BSC protocols.

BSC Fee Revenue Reaches October Peak Levels

Blockchain revenue metrics track user fees paid for network operations. These payments cover trading activities, token transfers, decentralized finance transactions, and smart contract deployments. 

BSC’s January 22 revenue figure of $2.5 million represents the highest daily total since January 12, when fees peaked at $2.68 million.

Historical data provides context for the current activity surge. BSC last reached $2.63 million in daily revenue during mid-October. Bitcoin prices stood near $110,000 at that time. 

Source: Cryptoquant

Subsequently, BTC experienced a 25% decline, dropping below $83,000 within weeks. The correlation between elevated BSC fees and market corrections has appeared multiple times across different timeframes.

Network revenue spikes typically reflect several market conditions. Trading intensity increases as participants execute more frequent transactions. Speculative behavior rises when users chase short-term price movements. 

DeFi protocols experience heavier usage during periods of market volatility. These combined factors drive up gas fees and total network revenue.

Network Demand Patterns Signal Market Heating

The current BSC revenue spike follows a familiar pattern observed in previous cycles. Fee revenue remains relatively stable during normal market conditions. 

Sharp increases occur when speculation intensifies and trading volumes expand rapidly. The January 22 data point suggests similar dynamics are currently playing out across Binance Smart Chain.

Transaction demand across DeFi protocols has climbed steadily throughout January. Users are paying higher fees to interact with automated market makers, lending platforms, and yield farming contracts. 

The willingness to absorb elevated transaction costs indicates strong conviction among market participants. However, sustained high fee levels often precede periods of consolidation or correction.

Network usage metrics confirm the heightened activity. Block space utilization has increased significantly. Gas prices have risen as users compete for transaction inclusion. 

The combination of high revenue and elevated gas costs typically signals peak demand periods. Whether this translates to continued growth or impending correction remains uncertain based purely on fee revenue data.

The post Binance Smart Chain Revenue Surge Mirrors Pre-Correction Pattern as Network Activity Intensifies appeared first on Blockonomi.

TLDR:

Brale allows companies to issue stablecoins without managing banking or compliance infrastructure.

Trust and operating within regulation are central to institutional adoption of stablecoins.

Supporting multiple stablecoin issuers unlocked flows across chains, accounts, and virtual wallets.

Brale reduced entry costs, enabling developers to launch stablecoins without massive capital.

 

Stablecoin Issuance on Brale is transforming access to regulated digital dollars. In a recent episode of Block by Block, Denelle Dixon spoke with Ben Milne, Brale’s founder and CEO, about the future of fiat-backed stablecoins. 

Drawing from his experience building payment infrastructure at Dwolla, Milne explained, “It’s like a big money computer,” highlighting Brale’s ability to let companies issue stablecoins without building the banking, compliance, or blockchain stack themselves. 

The discussion emphasized trust and regulatory compliance as central to institutional adoption.

"We spent that first two and a half years building all that tech to get it down to a dollar in a minute…It’s literally like a million times better than the next best last thing.”

Brale lowered the cost and created a new starting point for builders. https://t.co/d49dYPbdUL

— Stellar (@StellarOrg) January 23, 2026

Trust and Regulatory Compliance

Trust framed the conversation from the start. Dixon said, “The defining question for institutional adoption of onchain assets isn’t speed, and it’s not cost. It really is trust.” She explained that institutions want clarity on who issues assets, how they are governed, and what happens when something goes wrong. 

Expectations from regulators, banks, and enterprises are now much higher than a few years ago.

Milne agreed, stating, “Trust is earned by operating inside clear rules, not by trying to outrun them.” He added that Brale was built to work fully within existing money transmitter laws rather than seeking new regulatory frameworks. 

“I thought it was best to be regulated,” he said, “and to build the business inside of the existing regulatory structure and not try to convince a new one.”

Brale spent the first two and a half years securing licenses and constructing custody, issuance, and signing systems internally. 

Milne emphasized that this groundwork was essential before offering services to clients, explaining, “Only after that foundation was in place did the company begin selling to customers.”

Dixon noted that this focus on trust is reflected across institutional markets. “Well-designed open infrastructure can offer institutions capabilities they cannot get from closed systems,” she said, highlighting the broader importance of compliance-led credibility.

Infrastructure Expansion and Lower Barriers

A major shift occurred when Brale began supporting stablecoins it did not issue. Milne explained, “We kind of took a flyer and just did it because a customer asked. And it totally changed the business.” The move allowed Brale to support multiple issuers, unlocking flows across chains, bank accounts, and virtual accounts.

Milne described the effect on adoption, stating, “Usage absolutely exploded. What started as an accommodation clarified that Brale’s role is not just an issuer, but shared infrastructure for moving digital dollars.” 

This change increased interoperability and access, demonstrating Brale’s role beyond a single-issuer model.

He also highlighted how Brale lowered the barrier for new entrants. “When we got started, it was like a hundred million bucks was the ticket to go launch a stablecoin,” Milne said. 

“We spent that first two and a half years building all that tech to get it down to a dollar in a minute.” This approach reduced costs and created a more inclusive starting point for developers.

Tweets from users during the episode reinforced this point, showing excitement about permissionless access and open infrastructure. 

Milne concluded with a long-term perspective: “It’s possible that stablecoins and protocols create the scenario where this is like edge compute for money. I think there’s something like that out there. I just don’t know what it is yet. I’m excited to find out.”

 

The post Stablecoin Issuance on Brale: How Trust and Infrastructure Are Redefining Digital Dollars appeared first on Blockonomi.

TLDR:

Arc allows ERC-20 deployment without writing Solidity using pre-audited Circle Templates.

Developer-controlled wallets manage contracts, minting, and transactions securely on Arc.

USDC-based fees ensure stable, predictable costs for contract deployment and operations.

Webhook monitoring provides real-time tracking of transfers and token events on Arc.

 

Tokenized assets on Arc are drawing measured interest as developers evaluate infrastructure that reduces deployment complexity while preserving Ethereum compatibility. 

A recent technical guide by @TxnSheng outlines a full workflow for issuing ERC-20 tokens on Arc Testnet using Circle Contracts, Templates, and Wallets. 

The process emphasizes predictable execution, stable transaction fees through USDC, and real-time monitoring. 

Arc is positioned as an open Layer-1 network built to support structured economic activity, particularly tokenized representations of real-world assets.

Deploying and managing tokenized assets on @arc doesn’t require writing Solidity from scratch.

This @TxnSheng guide shows how to deploy an ERC-20 contract on Arc Testnet using Circle Contracts, Templates, and Wallets, fund it with testnet USDC for stable fees, and monitor…

— Circle Developer (@BuildOnCircle) January 23, 2026

Standardized Deployment Using Circle Templates on Arc

Tokenized assets on Arc are deployed through Circle Templates, which allow developers to use pre-audited ERC-20 contracts. These templates remove the need to write Solidity code manually while keeping full EVM compatibility. 

Deployment parameters, including token name, symbol, and administrative addresses, are configured before submission. This approach maintains consistency with established Ethereum standards while simplifying execution.

The guide explains that a developer-controlled wallet is required to manage deployments and contract interactions. Wallets are created within a wallet set and act as the administrator for deployed contracts. 

This structure mirrors existing EVM workflows and supports controlled access to contract functions. Developers retain operational oversight without managing private keys directly.

Arc Testnet requires wallets to hold testnet USDC, which is used for transaction fees. This design replaces a volatile native gas token with a stable settlement asset. 

As stated in a referenced post, “deploying and managing tokenized assets on Arc doesn’t require writing Solidity from scratch,” illustrating the focus on accessibility. Stable fees support clearer cost planning during testing and deployment.

The guide also references commentary noting that Arc enables builders to “reuse familiar EVM patterns while simplifying deployment.” 

This framing reflects Arc’s intent to lower barriers without altering established development logic. Templates serve as standardized building blocks for tokenized assets.

Minting, Monitoring, and Operational Transparency

After deployment, tokenized assets on Arc begin with zero supply and require minting through standard ERC-20 functions. 

Developers use Circle Wallets to call the mintTo function, assigning tokens to designated addresses. Each minting transaction is recorded onchain and confirmed through event logs. This ensures transparency and traceability.

Mint operations emit Transfer events from the zero address to the recipient wallet. These events confirm successful token creation and balance updates. 

The logs follow standard ERC-20 conventions, enabling compatibility with existing analytics tools. This consistency supports asset accounting and reconciliation workflows.

Real-time monitoring is addressed through Circle’s webhook-based event monitoring system. Developers configure event monitors for specific contracts and event signatures. 

When a monitored event occurs, a structured webhook payload is delivered to the specified endpoint. This removes the need for polling or custom indexing infrastructure.

A related social update notes that Arc supports “building RWA workflows with familiar EVM patterns,” providing context for event monitoring use cases. 

Webhooks include transaction hashes, block data, and decoded parameters. This information supports dashboards, automated processes, and off-chain records. 

Combined, deployment, minting, and monitoring form a complete lifecycle for tokenized assets on Arc.

The post How Arc Simplifies Tokenized Asset Deployment With Circle Wallets appeared first on 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.

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