Several US Democratic senators recently introduced ethics-centered amendments to a pending crypto market structure bill, including a proposal to fold the Digital Asset Ethics Act into the legislation to curb officials' ability to profit from the industry. Additional changes would delay implementation until the CFTC is fully staffed and add credit card competition measures, while a forecast snowstorm could again postpone the Senate Agriculture Committee's planned markup.

On Jan. 23, Glassnode assessed Bitcoin’s rally to $97,600, noting a surge in near‑dated call buying while longer‑maturity skews stayed anchored to downside protection. The firm said implied volatility was sold as price rose, a pattern inconsistent with sustained breakouts. BTC was trading at $89,297 at the time of writing.

Ethena’s ENA token fell to $0.17 after a rejection at $0.25 on 10 October, extending a month-long downtrend and losing 20% over the week. Large holders have bought 118 million ENA while offloading 96 million, but retail traders continue to send more ENA to exchanges, keeping selling pressure high and raising the risk of a drop toward $0.13.

On 24 January 2026, court filings revealed that the U.S. Securities and Exchange Commission and firms linked to Gemini Earn jointly requested a permanent dismissal of the civil case over the program's lending structure. The move follows full in-kind repayment of Gemini Earn users during the Genesis bankruptcy in mid-2024 and a separate $21 million civil penalty settlement previously reached with Genesis.

On January 24, 2026, Binance founder Changpeng Zhao said he expects a Bitcoin supercycle this year, citing stronger U.S. support under President Donald Trump. He set no price target, while Ripple's Brad Garlinghouse projected $180,000 and BitMEX's Arthur Hayes suggested $200,000. Zhao denied any personal ties to Trump amid speculation over a pardon last October.

The UK Financial Conduct Authority entered the final phase of its crypto consultation, asking for feedback on consumer responsibility rules by March 12, 2026. Licensing applications for cryptoasset firms are expected to open in September 2026, with a broader framework targeted for October 2027. Proposals emphasize good faith, prevention of foreseeable harm, and helping users achieve financial goals.

The U.S. Securities and Exchange Commission's civil case against Gemini Trust Company and Genesis Global Capital has been dismissed with prejudice; according to court filings, the parties jointly moved to dismiss in the Southern District of New York. Filed in January 2023, the matter still requires approval from a federal judge to become final. Once finalized, the SEC cannot reassert the same claims.

On 16 January, Ethereum’s daily active addresses climbed to 1.297 million, passing major Layer 2 networks before easing to 945,000. This spike was largely linked to automated stablecoin dusting and address poisoning contracts, which have allegedly enabled attackers to steal about $740,000 from 116 wallets. Despite these security concerns, recent upgrades that cut transfer fees and continued institutional accumulation indicate that Ethereum’s underlying fundamentals remain strong.