Highlights of the Day
Below are the most notable blockchain updates on January 13, including institutional developments, regulatory movements, and market-related news.
Industry Updates
- A SPAC linked to a major crypto exchange, Kraken, filed an IPO application for $250 million, signaling growing institutional interest in blockchain-based financial products.
- Riddell, a potential Fed Chair nominee, expressed support for lowering interest rates to 3%, a policy shift that could affect crypto market dynamics.
- BlackRock transferred 3,290 BTC and 5,692 ETH to Coinbase, indicating sustained institutional confidence in leading cryptocurrencies.
- Ethereum co-founder Vitalik Buterin converted a portion of tokens he received for free into 9.4 ETH, reflecting his cautious approach to token management.
- The UK Financial Conduct Authority (FCA) warned firms about the risks of marketing complex ETPs to retail investors, emphasizing investor protection.
- Grayscale updated its list of potential assets for Q1 2026, adding 36 new altcoins, showcasing a trend toward broader token adoption.
- A leaked draft of the U.S. Senate Banking Committee’s market structure bill excludes provisions on stablecoin yields, suggesting a cautious approach to regulation.
- Six tokens, including XRP and SOL, will be treated equally to BTC and ETH under a new regulatory framework, potentially boosting their adoption and liquidity.