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Polymarket betters are pricing in a 77% chance that the US government will shut down again before the end of January, marking a 67% increase over the past 24 hours.It comes as the CLARITY Act, a significant crypto bill aimed at providing more clarity around regulations, is still making its way through Congress, with previous delays largely blamed on the record 43-day US government shutdown in October and November.Political commentator Collin Rugg highlighted the surging Polymarket odds in an X post on Saturday, noting that it came shortly after US Senator Chuck Schumer announced that Senate Democrats would not “provide…

In theory, bitcoin should thrive during times of uncertainty as it’s sound money that’s censorship-resistant. In practice, it’s becoming the first thing investors sell when push comes to shove.As geopolitical tensions flared over the past week, following Trump’s threats of tariffs against NATO allies over Greenland and speculation of potential military action in the Arctic, markets pulled back, and volatility spiked.Since Jan. 18, after Trump first threatened tariffs in his push for Greenland acquisition, bitcoin has lost 6.6% of its value, while gold has moved up 8.6% to new highs near $5,000.The reason lies in how each asset fits into…

Authorities have not confirmed the exact amount missing, but a local report put the loss at $47.7 million, possibly stolen after an agency worker clicked a phishing link. The Gwangju District Prosecutors’ Office recently discovered that the Bitcoin it had confiscated in a criminal case and stored as part of an investigation was no longer accessible, according to a report by a South Korean news outlet. It is estimated that the losses are at “hundreds of billions of won,” though the exact figure has not been publicly confirmed. Bitcoin Missing From Government Storage The incident reportedly came to light during…

US-based spot Bitcoin exchange-traded funds (ETFs) have extended their outflow streak to five days as crypto market sentiment continues to wane.Spot Bitcoin (BTC) ETFs posted $103.5 million in net outflows on Friday, continuing an outflow streak that began the previous Friday. Over the five days, including the four-day trading week in the US shortened by Martin Luther King Jr. Day on Monday, total outflows reached approximately $1.72 billion, according to Farside data.The spot price of Bitcoin is $89,160 at the time of publication, having not been above the psychological $100,000 price level since Nov. 13, according to CoinMarketCap. Bitcoin is…

Bitcoin has limped into 2026, flailing in the wake of a gold price boom that’s catapulted it to an eye-watering $34 trillion market capitalization (triggering predictions of even more gains to come).Sign up now for CryptoCodex—A free crypto newsletter that will get you ahead of the marketThe bitcoin price, which plummeted under $100,000 per bitcoin in November, has struggled to regain its early 2025 momentum as Bank Of America’s chief executive issues a serious $6 trillion warning.Now, with bitcoin and crypto primed for an imminent, “massive” shock, bitcoin-backing BlackRock fixed income chief Rick Rieder has become a surprise favorite to…

As Congress debates crypto market structure legislation, one issue has emerged as especially contentious: whether stablecoins should be allowed to pay yield.On one side, you have banks fighting to protect their traditional hold over consumer deposits that underpin much of the U.S. economy’s credit system. On the other side, crypto industry players are seeking to pass on yield, or “rewards,” to stablecoin holders.On its face, this looks like a narrow question about one niche of the crypto economy. In reality, it goes to the heart of the U.S. financial system. The fight over yield-bearing stablecoins isn’t really about stablecoins. It…

A Columbia Business School professor is raising concerns about the scant details in the New York Stock Exchange’s plan to build a blockchain for real-world asset tokenization, amid fears it could run against the ethos of crypto. In an X post on Tuesday, Omid Malekan said NYSE’s announcement read like “vaporware” and that many questions remain unanswered, including which chain it would be built on, whether tokens would be permissioned, permissionless, or a combination of both and what the tokenomics and fee set-up would look like.Vaporware refers to a product that has been announced and hyped but does not exist…

The total crypto market cap (TOTAL) and Bitcoin (BTC) posted recoveries over the last 24 hours. This bounce back came from the US scrapping the 10% tariffs announced on 8 EU countries. This triggered a rise in MYX Finance (MYX) price as well, bringing the altcoin near $6.00In the news today:-Sponsored SponsoredThe Crypto Market Bounces Back Above $3 TrillionThe total crypto market cap rose by $50 billion to $3.01 trillion as market sentiment improved. The rebound followed easing tensions between the USA and the European Union. Renewed risk appetite supported broad gains across digital assets, signaling short-term stabilization after recent…

South Korea’s Finance Minister, Lee Ju-yeol, has commented on the proposed tariffs on South Korean semiconductor exports to the United States, suggesting they may lead to increased prices for American consumers. His statement on January 21 highlights potential economic implications for both countries. The proposed tariffs are part of a response by the U.S. to what it describes as unfair trade practices. According to officials, the tariffs aim to protect domestic industries from overseas competition. However, Minister Lee has expressed concerns that such measures could backfire by driving up costs for U.S. manufacturers and consumers, given the integral role South…

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one…