Crypto surges as Solana intern goes rogue and Monero hits record high
The cryptocurrency market surges driven by massive ETF inflows and corporate developments, with Bitcoin reaching $95,000, Ethereum climbing, and major industry acquisitions announced by Polygon Labs and others.
The cryptocurrency market is firmly in the green, driven by the largest ETF inflows seen in three months. Bitcoin (BTC) is trading at $95,000, up 3%, with a Bitcoin dominance (BTC.D) of 59.2%, down 0.1%. Ethereum (ETH) climbed 6% to $3,313, Binance Coin (BNB) rose 3% to $936, and Solana (SOL) ticked up 2% to $145. The top gainers include IP, ICP, PUMP, PEPE, and ENA. Meanwhile, Bitcoin ETFs pulled in $754 million, and Ethereum ETFs added $130 million.
Regulatory developments are moving forward as a Senate committee prepares to vote on a crypto bill on January 27, though disputes over stablecoin issues within the legislation remain ongoing.
In project and corporate developments, Ethena Labs has made USDe free from gas fees. Bitdeer has overtaken MARA based on managed hashrate, and Polygon Labs is acquiring Coinme and Sequence for $250 million. BitPanda is eyeing a Frankfurt IPO in the first half of 2026, while former Binance CEO CZ has invested in the perpetual trading platform Genius Terminal. Additionally, CoinGecko is exploring a sale at a $500 million valuation.
On the global front, Russia is moving to open its crypto markets further for payments, and Pakistan is set to integrate WLFI’s USD1. However, security concerns persist as crypto wrench attacks continue to be reported in France.
Frequently Asked Questions
- How much did Bitcoin ETFs pull in recently? Bitcoin ETFs recorded $754 million in inflows, contributing to the largest ETF inflow period in three months.
- When is the Senate committee scheduled to vote on the crypto bill? The Senate committee is set to vote on the legislation on January 27.
- Which companies is Polygon Labs acquiring? Polygon Labs is buying Coinme and Sequence for a total of $250 million.
- What major acquisition or IPO plans were announced for European firms? BitPanda is eyeing an IPO in Frankfurt during the first half of 2026.
- What new changes were introduced by Ethena Labs? Ethena Labs has made its USDe stablecoin free from gas fees.
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