Crypto Rallies on ETF Inflows; Polygon Labs Acquires Coinme, Sequence
The cryptocurrency market is showing positive momentum, with Bitcoin reaching $95,000, up 3%, and Ethereum at $3313, up 6%, according to reports. This rally is supported by significant inflows into Bitcoin and Ethereum ETFs, with over $754 million and $130 million respectively. A Senate committee is scheduled to vote on a crypto bill on January 27, though stablecoin issues remain under debate. In other developments, Polygon Labs is set to acquire Coinme and Sequence for $250 million. Bitdeer has surpassed MARA in managed hashrate, and BitPanda is considering a Frankfurt IPO in the first half of 2026. CZ has invested in Genius Terminal, a perpetual trading platform, while Coingecko is exploring sales at a $500 million valuation.
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