South Korea to Launch Digital Asset Spot ETF to Boost Market Growth
According to ChainCatcher, South Korea's Ministry of Finance has announced plans to introduce a digital asset spot ETF. This initiative aims to foster the development of the digital asset market.
Bitcoin News Today: BTC Tests $91K As Bulls Defend Support
Key takeawaysBTC ETF outflows total $934M over three daysOpen interest rises near $90K signaling leverage buildupAnalysts monitor $90K support and $86K downside zoneBTC Retreats After $93K RejectionBitcoin news shows BTC pulling back toward $89,250 after its third rejection near the $93,000 level. The decline followed an early-2026 rally that initially gained momentum on strong trading volumes.Despite the pullback, Bitcoin price remains above the monthly rolling VWAP, which turned positive at the start of the year. This suggests longer-term positioning has not fully weakened.Market context: ETFs and Macro PressuresBitcoin ETF data shows $934.8 million in net outflows over three days, led by major U.S. spot products. These outflows have weighed on broader crypto market sentiment, even as 2025 inflows remained structurally positive.At the macro level, expectations of a potential Federal Reserve rate cut later in 2026 continue to influence digital assets. Weaker labor data has supported easing bets, though persistent inflation remains a risk factor.Derivatives and On-chain SignalsBitcoin update from derivatives markets shows open interest increasing as BTC dipped toward $90,000. This pattern indicates new leveraged positions rather than broad position unwinding.Order book data highlights strong passive interest clustered near $90K. Analysts note that failure to hold above $89,000 could expose liquidity between $86,000 and $87,000.Bitcoin Outlook: Key Levels to WatchThe short-term Bitcoin forecast centers on whether BTC can reclaim the $91,600–$91,700 range. A recovery above this zone could reopen a test of $93,000.On the downside, sustained weakness below $89,000 would shift focus to lower support zones. ETF flows, Fed policy signals, and state-level adoption proposals remain key catalysts to watch.
Flash Loan Attack on SEI Chain Exploits Synnax Contract
According to PANews, BlockSec Phalcon has reported a flash loan attack on the SEI chain involving the Synnax contract. The attacker borrowed 1.96 million WSEI, equivalent to approximately $240,000, and did not return the funds. The incident was triggered by a misoperation three blocks prior, where the address 0x9748…a714 mistakenly transferred funds into the contract, inadvertently providing financial support for the attack. The attack path involved transactions TX1 and TX2, highlighting that chain misoperations can still pose significant risk points in DeFi attacks.
Zcash Foundation Emphasizes Decentralization and Open Source Protocol
According to BlockBeats, on January 9, the Zcash Foundation, a core nonprofit organization within the Zcash ecosystem, stated on social media that Zcash remains a decentralized open-source protocol. No single contributor, team, or organization has control over Zcash.
Zcash was designed with resilience as a primary goal. Its codebase is entirely open-source, and its consensus rules are maintained by independent node operators worldwide, supported by diverse organizations and contributors. As the protocol's guardian, the Zcash Foundation's mission is to serve the public interest, focusing on several key areas:
- Maintaining and supporting the development of the Zcash protocol
- Funding independent research and engineering practices
- Supporting the decentralization of infrastructure and governance
- Advocating for privacy as a fundamental human right
XRP Spot ETF Sees Significant Inflows on January 8
According to Odaily, data from SoSoValue indicates that on January 8, Eastern Time, XRP spot ETFs experienced a total net inflow of $8.72 million. The Bitwise XRP ETF XRP led the inflows with $4.51 million in a single day, bringing its historical total net inflow to $292 million. Following closely was the Grayscale XRP ETF GXRP, which saw a daily net inflow of $2.89 million, accumulating a historical total net inflow of $263 million. As of the time of reporting, the total net asset value of XRP spot ETFs stands at $1.49 billion, with an XRP net asset ratio of 1.16%. The historical cumulative net inflow has reached $1.21 billion.
Ethereum Price Movements Could Trigger Significant Liquidations
According to ChainCatcher, data from Coinglass indicates that if Ethereum's price surpasses $3,274, the cumulative short liquidation intensity on major centralized exchanges could reach $1.382 billion. Conversely, if Ethereum falls below $2,963, the cumulative long liquidation intensity on these exchanges could amount to $1.115 billion.
Musk Announces Major Upgrade for AI Model Grok Code
According to PANews, Elon Musk has announced that his AI model, Grok, will receive a significant upgrade next month. The update will enhance Grok Code's ability to generate multiple complex programming tasks simultaneously. Previously, Grok Code Fast 1 topped the OpenRouter AI model rankings, with usage reaching approximately 420 billion tokens this week.
Ethereum Consensus Layer Developers Discuss Key Updates in Latest Meeting
According to Odaily, the 172nd Ethereum Consensus Layer Core Developers Meeting (ACDC) focused on several significant updates. The successful activation of BPO2 was a key topic, along with the increase of Blob Target to 14 and Limit to 21. Additionally, EIP-8070, known as Sparse Blob Pool, was confirmed to be included in Glamsterdam. The proposal process for Hegota headlines has commenced, with a deadline set for February 5.
Arbitrum to Unlock Over 12 Million Tokens in January
According to ChainCatcher, data from Web3 asset platform RootData indicates that Arbitrum (ARB) is set to unlock approximately 12.353 million tokens on January 16 at 9 a.m. UTC+8.
Truebit Protocol Faces Security Breach Resulting in Significant Loss
According to BlockBeats, on January 9, the Ethereum-based verification and computation protocol Truebit experienced a security breach, resulting in a loss of approximately 8,535 ETH. This vulnerability allowed attackers to purchase the protocol's native token, TRU, at a significantly reduced price.Following the attack, data from CoinGecko indicated that the price of Truebit's TRU token plummeted by 100%, dropping from around $0.16 to $0.0000000007191. The market capitalization of the token is now unquantifiable.
OpenAI Launches AI Suite for Healthcare to Enhance Efficiency
According to PANews, OpenAI has announced the release of its 'OpenAI for Healthcare' product suite, designed to help medical institutions deploy AI in compliance with HIPAA requirements to improve clinical and administrative efficiency. This suite is already operational in healthcare systems such as AdventHealth, UCSF, Cedars-Sinai, and HCA. Based on the GPT-5.2 model, the product offers features like clinical documentation generation, evidence citation, institutional pathway integration, and role-based access management, without being used for model training. The initiative aims to enable AI to support large-scale, high-quality healthcare services.
Yesterday, OpenAI also introduced 'ChatGPT Health,' which facilitates the connection between medical records and health applications.
According to Foresight News, Satoshi Nakamoto continues to be the largest holder of Bitcoin, possessing approximately 968,000 BTC, which accounts for 4.6% of the total supply. Following Nakamoto, Strategy holds around 672,000 BTC, while the United States owns about 328,000 BTC.
Anchorage Digital Transfers Large Amounts of SKY Governance Tokens
According to ChainCatcher, data from Arkham reveals that Anchorage Digital executed two significant transfers of SKY Governance Tokens between 09:56 and 09:57. At 09:56, 103 million SKY tokens were moved to an anonymous address starting with 0x225A. Subsequently, at 09:57, 597 million SKY tokens were transferred to another anonymous address beginning with 0xd687.
U.S. Nonfarm Employment Data and Unemployment Rate Set for Release
According to BlockBeats, the U.S. Bureau of Labor Statistics is scheduled to release the first nonfarm employment data for 2026 tonight at 21:30 (UTC+8). The report is expected to show an increase of 60,000 jobs, compared to the previous figure of 64,000. This data reflects changes in employment within the U.S. non-agricultural sectors.The nonfarm employment data is derived from a survey of businesses, government agencies, and non-agricultural sectors across the United States. Typically, the U.S. Department of Labor releases the nonfarm employment report on the first Friday of each month, detailing the employment changes from the previous month.Simultaneously, the unemployment rate for December will also be announced, with expectations set at 4.50%, down from the previous rate of 4.60%.
Trump Initiates $200 Billion MBS Purchase Plan to Address Housing Affordability Crisis
According to ChainCatcher, U.S. President Donald Trump has announced a $200 billion mortgage-backed securities (MBS) purchase plan aimed at reducing mortgage rates and alleviating the housing affordability crisis. This move is seen as Trump's direct intervention in the housing market, separate from the Federal Reserve's interest rate cuts, and is described as his personal version of quantitative easing (QE).
Trump stated on Truth Social that he has "instructed representatives to purchase $200 billion worth of mortgage bonds" to lower mortgage rates and monthly payments, thereby enhancing home-buying capacity. He attributed the current housing crisis to the Biden administration.
Bill Pulte, Director of the U.S. Housing Finance Agency, confirmed to the Financial Times that the plan will be executed by Fannie Mae and Freddie Mac without requiring congressional approval. Under existing agreements, these institutions have approximately $200 billion in operational capacity for mortgage investments.
Analysts note that this initiative closely resembles the Federal Reserve's policy of purchasing MBS to stabilize the market following the 2008 financial crisis. Despite the Federal Reserve's cumulative interest rate cuts totaling 75 basis points, the current 30-year fixed mortgage rate in the U.S. remains high at 6.16%, keeping housing costs a central political and economic issue. Amid rising inflation and living costs, Trump's action is viewed as an attempt to directly influence the housing and financial markets through executive power to boost voter confidence.
Trump Claims His Personal Morality Is the Only Check on His Global Power
According to ChainCatcher, U.S. President Donald Trump stated that his personal moral code is the sole constraint on his decisions to initiate military actions worldwide. This declaration came shortly after he launched a swift operation to overthrow Venezuelan President Maduro and threatened actions against several other nations, including Greenland. In an interview with The New York Times on Wednesday, January 7, Trump was questioned about the limitations of his global authority. He responded, "Yeah, there is one thing. My own morality. My own mind. It’s the only thing that can stop me." Trump further remarked, "I don’t need international law. I’m not looking to hurt people." The Republican president added that he does need to adhere to international law, but it depends on one's definition of international law.
According to PANews, internal documents reveal that xAI, led by Elon Musk, is experiencing significant financial losses due to substantial investments in data center construction, talent acquisition, and software development intended for humanoid robots. The documents indicate that xAI's net loss in the third quarter reached $1.46 billion, up from $1 billion in the first quarter. Over the first nine months of 2025, the company spent a total of $7.8 billion in cash. Sources familiar with the matter suggest that, like other rapidly growing AI startups, xAI is swiftly utilizing funds raised in recent financing rounds. During an investor conference call, xAI's senior management emphasized that the company's current focus is on accelerating the development of AI agents and other software products. These products will contribute to what Musk refers to as 'Macrohard'—a play on words with 'Microsoft'—until they eventually support the technology behind Optimus.
According to Odaily, Josh Swihart, CEO of the original Zcash development team ECC, announced on X that the team will continue to focus on Zcash. Additionally, they are developing a new Zcash wallet, which is now open for pre-application.
Polygon Plans Acquisition of Bitcoin ATM Provider Coinme
According to Odaily, Polygon is planning to acquire Coinme, a company that operates Bitcoin ATMs and related services. The transaction is expected to be valued between $100 million and $125 million.
New York Legislation Targets Prediction Markets with Event Contract Restrictions
According to Cointelegraph, New York Assemblyman Clyde Vanel has reintroduced a bill to the state's lower house aiming to limit the types of event contracts that prediction markets like Kalshi and Polymarket can offer. The legislation, known as the Oversight and Regulation of Activity for Contracts Linked to Events, or ORACLE Act, was initially introduced in November and seeks to prohibit certain markets related to politics, sports, the stock market, and other areas. Prediction markets have seen a surge in popularity over the past year, offering bets on various events. Notably, sports markets have become significant revenue generators, with research from Foresight Ventures indicating that up to 90% of Kalshi's volume is tied to sports. The proposed bill would ban sports event contracts linked to specific match outcomes, such as NFL games during the season, while still permitting bets on broader outcomes like the Super Bowl winner. Additionally, the legislation aims to eliminate 'prop betting,' which involves contracts focusing on specific game details, such as the first scoring team or wagers on individual players.
Prediction market platforms have encountered regulatory challenges in several states, with authorities asserting that these platforms require gambling licenses to operate. Kalshi has notably taken legal action against multiple state gambling regulators, including the New York State Gaming Commission, arguing that its operations are governed by federal law. Vanel's bill also seeks to prohibit prediction markets related to politics, deaths, or catastrophic events. Markets that allow bets on elections or government actions, such as predicting the winning political party in U.S. midterms, would be banned, as would markets concerning war, emergencies, disasters, mass shootings, terrorism, or public health crises. Furthermore, the bill targets 'death markets,' which permit wagers on the death or killing of individuals, along with markets that speculate on the price of publicly traded companies. Platforms would be required to offer users options to self-exclude and limit their time and financial expenditure on the platform. Any market continuing operations in New York after being ordered to cease would face fines of $1 million per day until compliance is achieved.
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