Kalshi can continue operating in Tennessee after a federal judge granted its request for a temporary restraining order against state regulators. The ruling blocks enforcement of cease-and-desist demands over alleged unlicensed sports event contracts until a preliminary injunction hearing set for Jan. 26.

Seven Labour MPs who chair UK parliamentary committees have written to Prime Minister Keir Starmer asking for a ban on political donations in cryptocurrency to be written into an upcoming elections bill. They argue that crypto-based funding can obscure the source of money, enable undisclosed micro-donations and increase the risk of foreign interference, a move that could particularly impact Reform UK's previously announced plans to accept crypto.

New York Assembly member Clyde Vanel has reintroduced the ORACLE Act, a bill seeking to curb which event contracts platforms like Kalshi and Polymarket can list in the state. The proposal would prohibit certain prediction markets tied to sports matches, political outcomes, deaths, catastrophic events and public company stock prices, while imposing fines of $1 million per day on noncompliant operators. It also requires platforms to offer user self-exclusion tools and limits on time and money spent.

On Monday, the American Bankers Association's Community Bankers Council sent a letter to the US Senate calling for amendments to the GENIUS Act to block exchanges and other partners from offering yield on stablecoins. The bankers argue that current rules allow third-party rewards programs to divert funds away from community bank lending and want a crypto market structure bill to explicitly prohibit affiliates of stablecoin issuers from paying interest.

US IPOs in 2025 posted a 13.9% weighted gain, lagging the S&P 500's 16% as several crypto and AI listings struggled to sustain early momentum. Circle's $1.05 billion June debut surged 170% on day one but later pulled back alongside Bitcoin weakness, while Gemini and Bullish ended the year below early highs. Larger offerings outperformed mid-sized deals, with mega-issues beating $500 million to $1 billion floats.

On Monday, major US-listed crypto companies posted double-digit gains as the digital asset market advanced to multi-week highs. Bakkt shares climbed nearly 31.5%, while Bitcoin treasury firm Kindly MD and Trump-linked miner American Bitcoin also saw strong double-digit increases. Bitcoin rose to a 24-hour peak above $94,600 and Ether briefly traded above $3,200, both marking their highest levels in weeks.

Large holders moved about $2.4 billion in Bitcoin and Ether to Binance over the past week. According to CryptoOnchain in a note to CryptoQuant on Sunday, the buying power has not materialized, with stablecoin net inflows essentially flat at $42 million and mostly shifting between Ethereum and Tron; analysts warn this points to sell-side pressure.

In 2025, Bitcoin Core activity increased, according to Jameson Lopp, with 135 contributors, 285,000 lines of code changed versus 276,000 in 2024, and 2,541 commits, up 1%. Mailing list traffic rose 60% year over year. The year also featured an October expansion of the OP_RETURN data limit and a November third‑party audit by Quarkslab that reported no high or medium‑severity issues.

According to multiple industry executives quoted by Cointelegraph, many digital asset treasury and Bitcoin treasury companies that sprang up in 2025 could shut down in 2026 as share prices fall and business models come under pressure. They argue that firms relying solely on holding Bitcoin or altcoins are unlikely to endure market downturns unless they adopt structured yield strategies, integrate with traditional finance standards, and offer additional value beyond their token reserves.