Crypto Rallies on ETF Inflows; Regulatory Vote, Acquisitions, and Market Moves
The cryptocurrency market is showing positive momentum, with Bitcoin reaching $95,000 (+3%) and Ethereum at $3313 (+6%). The rally is fueled by significant inflows into Bitcoin and Ethereum ETFs, totaling $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. Other key developments include Ethena Labs making USDe gas-free, Bitdeer surpassing MARA in managed hashrate, and Polygon Labs' acquisition of Coinme and Sequence for $250 million. BitPanda is considering a Frankfurt IPO in the first half of 2026, while CZ invests in Genius Terminal. Coingecko is exploring a sale at a $500 million valuation.
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