Crypto Market Rallies on ETF Inflows; Regulatory Developments and Acquisitions
The cryptocurrency market is showing positive momentum, with Bitcoin (BTC) reaching $95,000, up 3%, and Ethereum (ETH) at $3313, up 6%, according to reports. BTC ETFs saw inflows of $754 million, while ETH ETFs gained $130 million. A Senate committee is scheduled to vote on a crypto bill on January 27, though stablecoin issues remain under debate. In other developments, Ethena Labs has made USDe gas-free. Bitdeer has surpassed MARA in managed hashrate. Polygon Labs is set to acquire Coinme and Sequence for $250 million. BitPanda is considering a Frankfurt IPO in the first half of 2026. CZ is investing in Genius Terminal, a perpetual trading platform. Coingecko is reportedly considering a sale at a $500 million valuation. Russia plans to expand its crypto market for payments, while wrench attacks continue in France. Pakistan intends to integrate WLFI’s USD1.
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