Cryptonews

It was the metals who started the spree, as if they’d been drinking too much espresso. Gold, the perennial “purple rain” of the investing world, dipped down the rabbit hole by nearly 11%, wiping out roughly $4.1 trillion of its glittery self‑worth. Silver, never one to be left out, performed a spectacular belly flop, falling over 21% and sending an additional $1.4 trillion into oblivion. The other shiny players-copper, palladium, platinum-each took a double‑digit tumble, as if they’d accidentally walked onto a slip‑and‑slide in Times Square.

Arkham’s “Satoshi Nakamoto” entity-a conglomeration of 21,900 addresses, attributed to the creator’s early mining exploits-now stands at a mere $91 billion, down from its lofty perch of $98.6 billion. A drop of $7.7 billion, you say? Pah! A trifle, a bagatelle, a mere sneeze in the grand bazaar of cryptocurrency. Yet, the numbers do not lie: at $82,964 per coin, the stash is worth $90.96 billion. A loss, yes, but one that would still make a tsar blush with envy.

The daily chart looks like a breakup montage: a glorious 2025 uptrend followed by a slow, painful descent into “we were on a break” territory. After peaking near $4,800, ETH has been tracing lower highs and lower lows, the financial equivalent of a sad trombone. Now it’s testing a “critical horizontal demand zone” around $2,700-$2,750, which is basically the crypto version of a safety net made of dental floss. Combine that with a trendline that’s seen better days and volume behavior that screams “I’m just here for the snacks,” and you’ve got a recipe for either triumph or disaster. Or both. Probably both.

In a Jan. 27 chat with Crypto Sensei (yes, that’s a real thing), McClurg pointed out that everyone from Fidelity to Franklin Templeton is already dipping their toes into the non-Bitcoin ETF pool. “BlackRock’s just fashionably late,” he basically said, adding that Invesco’s Solana ETF filing is like the appetizer before the XRP main course. “Give it time,” he quipped. “XRP will be there, probably right after my next Botox appointment.”

Our favorite reality TV president is getting cozy with Wall Street once again by nominating his buddy Kevin Warsh to steer the Federal Reserve ship. Advisors say the announcement could come faster than you can say “monetary policy,” possibly by Friday!

On some podcast called When Shift Happens (catchy, I guess?), Hougan’s got this whole “two ways to win” schtick. Stablecoins, tokenized assets, blah blah blah. Like, sure, Matt, because everyone’s just dying to tokenize their grandma’s stamp collection. And Solana’s gonna beat out Ethereum? Please. Ethereum’s the incumbent. Solana’s the guy who shows up late to the party and spills his drink.

The crypto market now whispers of a bear, with technical and liquidity indicators pointing south. Crypto analyst Benjamin Cowen nods sagely, “It’s a bear market, alright. Bitcoin’s decline follows a familiar pattern, regardless of news or sentiment.”

U.S. regulators are tiptoeing towards cozying up on crypto rules in Congress, because nothing says “fun” like a wild west with digital money.

Image of crypto chaos

Mesh, a self-proclaimed global crypto payments network, has managed to coax $75 million from the pockets of Dragonfly Capital and its coterie of backers, including Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, and Liberty City Ventures. A veritable who’s who of the financially optimistic.