Arca CIO Jeff Dorman warns that Bitcoin ($BTC) and many digital assets face an “existential crisis” as blockchain growth benefits intermediaries, not tokens. $BTC trades at $88,992, down 1.9%. #Update #Crypto $BTC (-8) ↘
The SEC’s Crypto Task Force received new submissions advocating for self-custody rights and DeFi regulation, as Coinbase CEO @brian_armstrong urges compromise on the CLARITY bill. #Update #Crypto $BTC
@Aave refocuses on DeFi, transferring stewardship of Lens to @MaskNetwork, which will handle consumer-facing product execution while Aave takes an advisory role. #Update #Crypto $AAVE
@Solayer has launched a $35 million fund to support real-time DeFi, AI, and tokenization applications on infiniSVM, targeting high-revenue on-chain apps. #Update #Crypto $SOL
Ethereum-based DeFi platform @makinafi lost over $4M in ETH due to a flash loan exploit, but an MEV builder intercepted most funds. #Breaking #Crypto $ETH
@Pendle will phase out its governance token vePENDLE in favor of sPENDLE this month, aiming for improved flexibility and adoption. #Update #DeFi $PENDLE
On January 19, @SUNio rebranded to “Sun Wukong,” enhancing its cultural identity in TRON’s DeFi ecosystem, with over $490M TVL on SunSwap and 650M SUN tokens burned. #Update #Crypto $TRX
BitMine Immersion Technologies invests $200M in MrBeast’s Beast Industries to launch a DeFi platform; BitMine shares dip 3% amid broader crypto fatigue. #Update #DeFi
Revenue in the crypto industry is shifting to user-facing applications, with DeFi protocols capturing five times the fees of blockchains; Tether leads at $563M. #Update #Crypto $USDT
Markup of the Digital Asset Market Clarity Act postponed indefinitely, prompting DeFi leaders to voice concerns over potential harm to technology and developer protections. #Update #Crypto $ETH
Decentralized finance protocols, including @Morpho, are moving away from public Discord servers due to phishing concerns, opting for safer communication tools like Intercom and live support chat. #Update #DeFi
Decentralized finance protocols, including @Morpho, are shifting from public Discord servers to more secure communication tools due to rising phishing risks targeting users. #Update #DeFi
Ethereum’s outlook improves with potential to outperform Bitcoin, driven by rising institutional demand and stronger fundamentals. Standard Chartered forecasts $ETH at $7,500 this year. #Update #Crypto $ETH
Senators propose amendments to the CLARITY Act focusing on stablecoin yield and DeFi regulations as the Senate Banking Committee begins markup; results may impact crypto markets. #Update #Crypto $USDT
