Coinbase Rejects Senate Crypto Bill

️ On today's Top Picks:

Crypto News

• ⭐️ Coinbase $COIN withdraws support for crypto market structure bill citing ban on tokenized equities, DeFi prohibitions, & more; US Senate Banking Committee has since delayed its hearing to amend and vote on the bill.

• Zcash Foundation $ZEC announces the US SEC concluded its investigation with no enforcement action; received a subpoena from the SEC in August 2023.

• Polygon Labs $POL to acquire Coinme & Sequence for ~$250M; to integrate both firms into its upcoming "Open Money Stack."

• $BNB Chain launches Fermi hard fork upgrade; reduces block time from 0.75 seconds to 0.45 seconds, strengthens fast finality rules, & more.

• Ripple $XRP secures EMI license approval from Luxembourg CSSF; to enable scaling of Ripple Payments across the EU; also secured EMI license approval from the UK FCA last week.

• Bitwise Chainlink $LINK ETF (CLNK) begins trading on NYSE Arca; Grayscale's Chainlink ETF (GLNK) also began trading in December 2025.

• CoinGecko reportedly considers sale at a ~$500M valuation; also reportedly hires investment banking firm Moelis to run the process.

• BVNK partners with Visa $V; to provide stablecoin infrastructure for Visa Direct; allows businesses to send stablecoin payments directly to any digital wallet.

• Bitpanda reportedly seeks to go public at a $4.6B to $5.8B valuation; to go public on the Frankfurt, Germany stock market as early as H1 2026.

Alpha

• Wintermute publishes Digital Asset OTC Markets 2025 Report; shows where capital went and why market structure fundamentally changed.

• ETHGas $GWEI to take snapshot of Beans (points) holders on January 19th; to launch TGE & airdrop soon.

• Nado $INK extends Private Alpha due to deposit/withdrawal issues; Nado users will be eligible for the upcoming Ink airdrop.

• Cascade to launch final pre-allocation event for Cascade’s Liquidity Strategy (CLS) on January 21st; depositors earn Cascade Points.

• Jumper launches Jumper Earn, find personalized yields from across 15 DeFi protocols; also launches Jumper Portfolio, view assets & DeFi positions across chains.

• MetaMask $MASK teases "🔻Coming soon" on X; Rewards Season 1 to end on January 22nd; currently offering 3x points for prediction markets.

• OpenSea $SEA to award points for MetaMask Rewards Season 1 based on user's Wave 4 Chest tier; opt in to MetaMask Rewards by January 16th to be eligible.

• Zerion launches Zerion Feed powered by Clicker; search for top traders across chains, view their win rate & PnL, and copy their onchain trades.

• Fluent to launch the First Press Collection NFT sale; tiers based on reputation determine access timing & pricing.

Airdrops

• ⭐️ Fogo $FOGO launches airdrop eligibility & allocation checker; Fogo Flames (points) holders & more are eligible; to launch claim on January 15th.

• ⭐️ Seeker $SKR (Solana Mobile) launches airdrop eligibility & allocation checker; Seeker users & developers are eligible; to launch claim on January 21st.

• Mattle $MATTLE launches airdrop claim for Solana Mobile Seeker holders; claim up to 2K MATTLE & 300K Mattle Points.

• Espresso $ESP airdrop updates: created holder score based on past airdrop behavior & implemented sybil detection systems; airdrop registration is live.

• ICYMI Rainbow $RNBW to launch airdrop on February 5th (~24 days); Rainbow Points holders will be eligible; snapshot has yet to be taken.

• ICYMI Backpack teases "What's the ticker?" on X; to potentially launch TGE & airdrop soon.

• ICYMI Mezo $MEZO to close airdrop registration soon; Mezo Mats (points) holders & Mezo Bitcoin borrowers are eligible.

• ICYMI Brevis $BREV launches airdrop claim; registration closed on January 3rd though unregistered users may still be eligible; Linea Ignition participants may also be eligible.

Finance News

• ⭐️ US Supreme Court delays ruling on the legality of President Trump's tariffs; expected to be released today (January 14th); Polymarket predicts a ~29% chance the Supreme Court rules in favor of Trump's tariffs.

• US President Trump says he has no plans to fire Federal Reserve Chair Jerome Powell; notably, the US DOJ is investigating Powell over whether he misled Congress.

• US December CPI inflation comes in at 2.7%, in-line with expectations of 2.7%; Core CPI inflation comes in at 2.6%, below expectations of 2.7%.

• US November PPI inflation rises to 3.0%, above expectations of 2.7%; Core PPI inflation rises to 3.0%, above expectations of 2.7%.

• China restricts purchases of Nvidia's $NVDA H200 AI chips amid recent US approval; China to only approve purchases of the chips "under special circumstances."

• US, Greenland, & Denmark officials meet at the White House to discuss the "acquisition" of Greenland; Polymarket predicts a ~24% chance the US will acquire part of Greenland in 2026.

• Strive $ASST to acquire Semler Scientific $SMLR & its 5,048.1 Bitcoin $BTC (~$479M) in all-stock transaction; Strive will hold 12,797.9 BTC (~$1.2B) once the acquisition is completed.

• H100 Group $H100.NGM to acquire Future Holdings for ~600K CHF (~$750K); H100 currently holds 1,046 Bitcoin $BTC (~$101M).

• Upexi $UPXI announces $36M convertible note offering with Hivemind in exchange for Solana $SOL; to increase holdings to over ~2.4M SOL (~$350M).

• Figure $FIGR launches OPEN (On-chain Public Equity Network); enables companies to list public equity natively on its Provenance Blockchain.

Security and Exploits

• Microsoft releases January 2026 Patch; addresses 114 vulnerabilities across its product ecosystem, including one actively exploited zero-day.

• ⭐️ Sui $SUI suffers six-hour network outage, but has since returned online; also previously suffered a network outage in November 2024.

• YO loses ~$3.7M due to extreme slippage during automated swap; team says user balances were not affected and protocol solvency is not impacted.

• Chainalysis publishes 2026 Crypto Crime Report; estimates $17B in losses in 2025 from crypto scams & fraud.

• Peckshield publishes Crypto Security Annual Report; estimates $4.04B (+34.2% YoY) in losses in 2025: $2.67B (+24.2% YoY) from crypto hacks & $1.37B (+64.2% YoY) from scams.

• Betterment suffers customer data breach due to third-party software compromise; advises customers to disregard any fraudulent crypto-related messages.

• Nicholas Moore to plead guilty to hacking US Supreme Court filing system; Moore accessed the system without authorization on 25 different days between August & October 2023.

Token Unlocks

• Starknet $STRK / ~$11M / JAN 15th
• Sei $SEI / ~$7M / JAN 15th
• Arbitrum $ARB / ~$20M / JAN 16th
• deBridge $DBR / ~$11M / JAN 17th
• ZKsync $ZK / ~$6M / JAN 17th
Sourced from Tokenomist

Funding

• Alpaca raises $150M in Series D funding led by Drive Capital.

• Project Eleven raises $20M in Series A funding led by Castle Island Ventures.

• XMAQUINA raises $10M in funding from several investors.

• Noise raises $7.1M in Seed funding led by Paradigm.

• Meld raises $7M in Strategic funding led by Faction.

• Genius raises an undisclosed amount in funding from YZi Labs.

The Degen Farmer