Layer-1 network Saga has paused its SagaEVM chain at block height 6593800 following a January 21 exploit that moved nearly $7 million in tokens to Ethereum. The project is investigating the coordinated attack, working on remediation with partners, and keeping the chain offline while it validates the impact and strengthens security.

On January 22, 2026, Polymarket traders assigned a 98% probability that the Federal Reserve will keep its benchmark rate unchanged at the January 27–28 meeting. A January 16–21 survey of 100 economists showed unanimous expectations for a 3.50%–3.75% target range, with 58% anticipating no change through the quarter.

The US Senate Banking Committee has postponed work on the crypto market structure bill, with unnamed sources cited by Bloomberg expecting consideration in late February or March. The panel is prioritizing housing legislation after President Donald Trump's affordability push, while industry voices such as Patrick Witt urge swift action on the CLARITY Act.

U.S. Senate Agriculture Committee chair John Boozman said Republicans on the panel have not reached agreement with Democrats on key elements of a new crypto market structure bill, even as a Republican draft was released for a Jan. 27 markup. The proposal outlines how the SEC and CFTC would oversee digital asset markets and adds protections for DeFi developers and certain intermediaries while excluding stablecoin yield rules, which fall under the Banking Committee.

In its Big Ideas 2026 report released on Wednesday, Ark Invest projected that the total value of digital assets could jump from about $3.13 trillion to $28 trillion by 2030, implying roughly 9x growth. The firm expects Bitcoin to capture around 70% of this market and forecasts its market cap could climb from nearly $2 trillion to $16 trillion over the next five years, while smart contract networks and tokenized real-world assets also see substantial expansion.

Bitwise chief investment officer Matt Hougan said in a report shared on Wednesday that the fourth quarter of 2025 showed mixed signals and may have marked a crypto bear‑market bottom. He compared the setup to early 2023, when prices climbed from around $16,000 to $98,000 by early 2025, and highlighted record Ethereum and layer‑2 activity, a stablecoin market cap above $300 billion, and rising DeFi usage.

The US Senate Banking Committee has pushed back consideration of a key digital asset market structure bill by several weeks to devote more time to housing affordability legislation. The committee now expects to revisit the crypto regulation package in late February or early March 2023, while disagreements over DeFi oversight and stablecoin yields continue to slow progress.

XRP attempted a recovery above $1.950 but was rejected near $2.00, and it now trades below the 100-hour SMA with $1.920 exposed. Resistance sits at $1.990–$2.00, followed by $2.065 and $2.10. A close under $1.90 could target $1.8650 and $1.820, while a break over $2.00 may open $2.150–$2.20.