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The growing possibility of a U.S. federal government shutdown is causing a downturn in Bitcoin and other risk assets, according to an analysis by The Block. Rick Maeda of Presto Research explained that the recent BTC decline stems from macroeconomic factors like U.S. political uncertainty rather than crypto-specific issues. He noted that the U.S. Congress is currently facing a budget deadlock and political conflict, increasing the chances of a shutdown. Meanwhile, Vincent Liu, chief investment officer at Kronos Research, stated that the market is pricing in this political risk, with the probability of a shutdown rising to 75% on Polymarket. According to CoinMarketCap, BTC is trading at $87,781, down 1.25% from the previous day.

A large-scale altcoin bull market similar to those seen in previous cycles is unlikely to occur in 2026, BeInCrypto reported, citing an analysis of CryptoRank data. The report highlights several structural headwinds, including capital dilution from a rapid increase in the number of new tokens and persistent selling pressure from projects with low circulating supplies and high fully diluted valuations (FDV). Furthermore, the analysis suggests that speculative capital is being diverted to alternative investments like memecoins and perpetual futures, while institutional funds continue to concentrate in major assets such as ETH, SOL, and XRP. This has entrenched a market structure that makes it difficult for capital to flow into small and mid-cap altcoins.

LBank Labs, the venture capital arm of the LBank exchange, has published a report titled “A Comprehensive Outlook on the Crypto Landscape in 2026.” The report, co-published with CoinGecko and CoinGape, analyzes key investment themes and structural changes expected to lead the crypto industry this year. The report identifies seven core topics: changes in the macroeconomic environment and regulatory evolution; the convergence of real-world assets (RWA) and DeFi; the rise of stablecoins and PayFi; prediction markets as a corporate hedging tool; the AI agent economy; and Decentralized Physical AI (DePAI) alongside the machine-native economy. In the stablecoin section, the report highlights the strategic partnership between LBank and World Liberty Financial (WLFI), the launch of the USD1 stablecoin, and its point-based reward structure as key examples. LBank Labs, which collaborates with institutions like UC Berkeley and Stanford, stated it will continue to support the growth of the global crypto industry through strategic investments and research.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $196 million liquidated (93.88% longs) - ETH: $219 million liquidated (92.9% longs) - SOL: $63.04 million liquidated (96.6% longs)

Cryptocurrency startup Entropy has announced it is shutting down. According to Cointelegraph, Entropy founder and CEO Tux Pacific stated on X that the business is no longer sustainable. Pacific explained that after four years, multiple pivots, and two rounds of restructuring, the company has decided to cease operations and return the remaining capital to investors. Entropy launched a decentralized self-custody solution in 2021 and secured funding in 2022 from investors including Coinbase Ventures and a16z.

A whale address that had been dormant for nine years transferred 50,000 ETH, valued at $145 million, to Gemini approximately 12 hours ago, according to EmberCN. The address still holds a balance of 85,000 ETH, worth $244 million. Transfers to exchanges are typically interpreted as a potential precursor to selling.

Blockchain mobility platform MVL announced that it is pursuing a $100 million investment to expand the U.S. operations of its ride-hailing subsidiary, TADA. The company also plans to expand its services to New York in June of this year.

Foundry USA's Bitcoin hashrate has fallen by approximately 60% since last Friday as winter storm Fern sweeps across the United States, Cointelegraph reported. The storm has directly affected the network, with slowdowns in mining operations and power disruptions causing delays in block generation. Approximately 200 EH/s of hash power has gone offline from Foundry USA alone, temporarily extending the average block time to 12 minutes. With power outages affecting over one million households, mining firms are voluntarily halting operations to alleviate strain on the power grid.

Stablecoin issuers generated an estimated $5 billion in revenue in 2025 by utilizing the Ethereum network as a primary settlement layer. According to data from Token Terminal, the supply of stablecoins on Ethereum increased by $50 billion during the year, surpassing a total of $180 billion in the fourth quarter. As a result, issuers' quarterly revenue also grew, reaching approximately $1.4 billion in the fourth quarter alone.

The threat of quantum computing to cryptocurrencies is exaggerated, and the industry should prioritize solving more immediate problems like security vulnerabilities, according to Andreessen Horowitz (a16z) Crypto. In a post on X, the firm explained that a quantum computer capable of breaking current cryptosystems within a month using Shor's algorithm does not yet exist, based on public technological forecasts. a16z argued that major public chains like Bitcoin and Ethereum face more pressing issues, including difficult protocol upgrades, complex governance, and security flaws. While the quantum threat is a long-term challenge, the firm stated that fixing practical vulnerabilities such as bugs and side-channel attacks should be the immediate priority.

South Korean cryptocurrency exchange Coinone, the country's third-largest, is exploring a partial sale of its majority shareholder's stake, the Seoul Economic Daily reported. According to financial industry sources, Chairman Cha Myung-hun is in the process of selling a portion of his holdings. Cha holds a controlling 53.44% stake in the exchange, combining his personal 19.14% share with the 34.30% held by his company, The One Group. A Coinone official stated that the company is in discussions with overseas exchanges and domestic financial firms about potential equity investments and other partnerships. The official added, however, that the specific details of any arrangement have not yet been determined.

Whale addresses holding 1,000 BTC or more currently hold a total of 7.17 million BTC, marking the highest level since September of last year, according to Santiment.

Japan's Financial Services Agency (FSA) is expected to permit the trading of spot cryptocurrency ETFs, including Bitcoin, by 2028, Nikkei reported. The agency plans to amend the enforcement order of the Investment Trust Act to classify cryptocurrencies as "specified assets" eligible for investment. Major financial institutions such as SBI Holdings and Nomura Holdings are reportedly developing related products. If approved for listing on the Tokyo Stock Exchange, these ETFs would also become available to retail investors.

South Korean prosecutors believe a phishing attack is the likely cause for the loss of seized Bitcoin worth tens of billions of won, Segye Ilbo reported. The cryptocurrency was reportedly stored and managed on a hardware wallet. According to the prosecutors' explanation, this suggests a security key may have been compromised when someone connected the wallet to a device and accessed a phishing site. As the seized assets were under shared management, the possibility of an intentional theft by an insider is also being considered.

World Liberty Financial (WLFI) sold 93.77 WBTC, worth approximately $8.07 million, and purchased 2,868.4 ETH at an average price of $2,813, Onchain Lens reported.

According to Tokenomist, this week’s key token unlocks are as follows: - SIGN: 290 million tokens ($11.61 million), representing 17.68% of circulating supply, at 10:00 UTC on Jan. 28 - JUP: 53.47 million tokens ($9.94 million), representing 1.70% of circulating supply, at 14:00 UTC on Jan. 28 - TREE: 85.73 million tokens ($8.34 million), representing 39.41% of circulating supply, at 14:00 UTC on Jan. 29 - KMNO: 230 million tokens ($10.07 million), representing 3.68% of circulating supply, at 12:00 UTC on Jan. 30 - OP: 31.34 million tokens ($8.97 million), representing 1.62% of circulating supply, at 00:00 UTC on Jan. 31 - SUI: 43.53 million tokens ($60.94 million), representing 1.15% of circulating supply, at 00:00 UTC on Feb. 1 - EIGEN: 36.82 million tokens ($11.56 million), representing 8.88% of circulating supply, at 04:00 UTC on Feb. 1

CoinMarketCap's Altcoin Season Index currently stands at 27. The index is calculated by comparing the price performance of the top 100 cryptocurrencies by market capitalization against Bitcoin over the past 90 days, excluding stablecoins and wrapped tokens. An "altcoin season" is declared when 75% of these top 100 coins outperform Bitcoin over the 90-day period. A score closer to 100 indicates a stronger altcoin season, while the current low score suggests market conditions favor Bitcoin.

A long-term Bitcoin holder, identified by the address 1011short, has deposited an additional 20 million USDC into the Hyperliquid platform to avoid liquidation, according to data from Onchain Lens. The address is currently facing an unrealized loss of approximately $83.4 million, with its cumulative profits shrinking from $142.5 million to $9.7 million. The holder maintains several large leveraged long positions, including a $630 million 5x position in Ethereum (ETH), an $86.98 million 5x position in Bitcoin (BTC), and a $61.10 million 20x position in Solana (SOL).

Jan. 27 - 1:30 p.m. UTC: U.S. President Donald Trump speaks. - 5:00 p.m. UTC: European Central Bank President Christine Lagarde speaks. Jan. 28 - 1:30 p.m. UTC: U.S. President Donald Trump speaks. - 7:00 p.m. UTC: U.S. Federal Reserve announces its interest rate decision. - 7:30 p.m. UTC: The Federal Open Market Committee (FOMC) holds a press conference. Jan. 29 - 1:30 p.m. UTC: U.S. initial jobless claims data is released.

CME Bitcoin futures opened with a gap of approximately $2,940 on Monday, starting the week at $86,560 after closing the previous session at $89,500. This gap arises because the CME market closes for the weekend while the Bitcoin spot market continues to trade 24/7. The greater the volatility in the spot price over the weekend, the larger the resulting gap. Consequently, investors are watching to see if the futures price, which is based on the spot price, will move to fill this gap.

The Crypto Fear & Greed Index has fallen five points to 20, continuing a state of extreme fear, according to data from Alternative. The index measures market sentiment on a scale of 0 to 100, where 0 signifies extreme fear and 100 indicates extreme optimism. The Fear & Greed Index is calculated based on several factors, including volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market capitalization dominance (10%), and Google search volume (10%).

Spot gold has surpassed $5,000 per ounce, setting a new all-time high. The precious metal has gained approximately $700 per ounce since the start of the year and is currently trading at $5,012.11, up 0.52% from the previous session.

Strategy founder Michael Saylor posted a Saylor Tracker chart to his X account last night, hinting at a potential BTC purchase. He also added the comment "Unstoppable Orange." The phrase is interpreted as a reference to Bitcoin's symbolic color, emphasizing the asset's persistence and resilience. Saylor has previously followed a pattern of making similar posts before announcing additional BTC acquisitions.

U.S. asset manager Strive is working to improve its financial structure by replacing convertible bonds with perpetual preferred stock, Coindesk reported. The firm has issued floating-rate Series A perpetual preferred stock (SATA) at $90 per share, with plans to expand the total issuance to up to 2.25 million shares. This new structure classifies the stock as equity rather than debt, improving leverage metrics and increasing financial flexibility. In exchange for giving up their conversion option, creditors receive high dividends, a perpetual structure, and priority repayment over common stockholders. The report suggests this model could be a viable solution for Strategy (MSTR), which holds approximately $8.3 billion in convertible debt. The largest portion of Strategy's debt is a $3 billion tranche with a put option in June 2028 and a conversion price of $672.40, about 300% above its current share price. The move comes after Strive announced on Jan. 22 that it was seeking to raise an additional $150 million to purchase BTC.

Canadian Prime Minister Mark Carney has no plans to pursue a free trade agreement (FTA) with China, Solid Intel reported. The statement follows an earlier warning from President Donald Trump on Truth Social, in which he threatened to impose 100% tariffs on Canadian products if the country proceeded with a trade deal with China.