Crypto markets ended the week in consolidation mode, with Bitcoin capped below $92,000, XRP extending gains on ETF optimism, Zcash turning volatile after a sharp reversal, and gold holding steady in a tight range. Total market cap hovered near $3.09 trillion as traders stayed active but selective, favoring assets with clear catalysts while broader conviction remained muted.

On January 9 2026, Nasdaq and CME Group introduced the Nasdaq CME Crypto™ Index as the successor to the Nasdaq Crypto™ Index to serve as a single benchmark for institutional digital asset exposure. The index is designed to underlie regulated products such as ETFs, structured products, and managed funds, using CF Benchmarks pricing, vetted exchanges and custodians, and a publicly available methodology with joint governance oversight.

Paramount Skydance Corporation's PSKY shares climbed 2.69% in premarket trading on January 9, 2026, after the company restated its $30 per share all-cash proposal for Warner Bros. Discovery. The move intensified the bidding contest with Netflix, as Paramount argued its offer delivers higher value and greater certainty, while WBD's board has so far rejected the approach.

On 9 January 2026, investors are focused on the U.S. December employment report and a potential Supreme Court decision on Donald Trump's tariffs, both seen as key drivers for rates and risk sentiment. Economists expect about 73,000 new jobs and a small decline in unemployment to 4.5%, while any ruling on the legality of tariff powers and possible importer refunds could shake fiscal and trade outlooks. These outcomes may influence bond yields, equities, and demand for digital assets as traders reassess monetary policy expectations and safe-haven alternatives.

On January 9, 2026, JPMorgan analysts led by Nikolaos Panigirtzoglou said crypto de-risking is moderating, with ETFs and futures indicators pointing to stabilization. They contrasted December withdrawals from Bitcoin and Ethereum with record global equity ETF inflows of $235 billion. The team also views MSCI's planned February 2026 inclusion of crypto-related firms in benchmarks as supportive.

Crypto prices were little changed as Washington awaited a Supreme Court decision in Learning Resources, Inc. v. Trump that could reset tariff powers under IEEPA. The Harmonized Tariff Schedule now exceeds 4,500 pages, and roughly 100 billion dollars in revenue tied to emergency tariffs may be affected. Traders are cautious as early 2026 begins.

Since Tuesday, US spot Bitcoin ETFs saw $1.13 billion in outflows and Ether funds lost about $258 million, according to SoSoValue. Those reversals followed $1.17 billion of inflows on Jan. 2 and Monday, and echo the $446 million in ETP redemptions reported for the Christmas period on Dec. 29.

The European Union's DAC8 directive entered into force on January 1, 2026, obliging custodial crypto-asset service providers to submit user identity data, tax IDs, and transaction histories to national tax authorities. The regime applies to crypto-to-fiat trades, crypto-to-crypto swaps, and transfers from custodial platforms to external wallets, while non-custodial wallets remain outside the reporting scope. Estimates indicate DAC8 could add around €1.7 billion in annual tax revenue, alongside substantial one-off and recurring compliance costs for the industry.