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Patrick Witt, head of the White House Crypto Committee, stated that the latest draft of the Crypto Market Structure Act is a high-quality bipartisan effort and has gained support from the Agriculture Committee and some Democrats in the House of Representatives. He emphasized that legislation is imminent, and missing the window could lead to stricter regulation.

In mid-January, Bitcoin's rise led to an increase in short-term bullish activity, but long-term options still indicate the presence of downside risk. Trading volume increased but volatility was sold, which does not align with the typical characteristics of a sustained rally. Overall, demand is concentrated in the short term, and the long-term trend remains uncertain.

Investor Tim Draper shared his experience of buying Bitcoin for the first time at $4 on the X platform, emphasizing its appeal to traditional banking users through digital currency. He bid $632 on 30,000 Bitcoins at a US Marshals auction, and despite the price decline, he remains convinced that Bitcoin is a tool to change the world, not just an investment.

Multiple analysts predict that 2026 could mark a Bitcoin bear market, with prices potentially falling back to $58,000. Recently, Bitcoin broke through several support levels, and analysis indicates that selling pressure is increasing, risks are rising, and it may drop to $84,000 or lower in the future.

Odaily Planet Daily reports that market data shows RIVER has fallen below 35 USDT, currently at 31 USDT, with a 24-hour decline of 30%.

According to DefiLlama data, on January 23rd, the trading volume of mainstream Perp DEXs generally declined. Hyperliquid remains in the lead with a 24-hour trading volume of approximately $6.2 billion, down about 30%. Aster and other platforms also show a declining trend, with trading volume data including Lighter, EdgeX, Grvt, and Pacifica also indicating decreases.

ChainCatcher news reports that U.S. stock index futures narrowed losses, and the S&P 500 index futures showed little change.

PANews January 23 News, according to a video released by Solid Intel, Las Vegas news channel reported that more and more local merchants are beginning to accept Bitcoin payments, citing lower transaction fees for Bitcoin compared to credit cards.

ChainCatcher reports that the asset management firm Sharia Portfolio, with a scale of $2 billion, has disclosed the purchase of 43,833 shares of Strategy (MSTR) stock, valued at $7 million. Currently, Sharia Portfolio holds a total of 150,325 shares of Strategy (MSTR) stock.

Since December 26, 2025, the amount of ETH waiting to join the Ethereum PoS network has reached a new high of 3.06 million, demonstrating strong staking demand. Companies like BitMine have staked a large amount of ETH, and the staking exit queue has been cleared, allowing users to withdraw ETH almost immediately.

UBS Group plans to offer cryptocurrency investment services to some private banking clients, initially allowing clients to buy and sell Bitcoin and Ethereum. This move responds to wealth management clients' demand for digital assets and pressure from Wall Street competitors.

ChainCatcher News, according to Watcher.Guru, UBS Group (UBS), which manages $6.9 trillion in assets, plans to offer Bitcoin and cryptocurrency trading services to its clients.

PANews January 23 News, according to Bloomberg, sources familiar with the matter revealed that UBS Group AG plans to offer cryptocurrency investment services to some private banking clients and is currently selecting partners for this. Discussions have been ongoing for several months, and UBS has not yet made a final decision on how to proceed.

U.S. stock futures decline across the board, with several companies such as Strategy, MARA Holdings, and others experiencing varying degrees of decline. Meanwhile, msx.com has launched numerous RWA tokens, covering many well-known U.S. stocks and ETFs.

Spot gold prices continue to rise, reaching a high of $4960.65 per ounce, an increase of 15%. Due to declining market risk appetite, funds are flowing into precious metals. Analysts believe that gold has dual upward momentum, with decreasing correlation, and the overall precious metals market is entering an upward trend. Short-term corrections may present opportunities for strategic positioning.

On January 23rd, Hyperinsight detected that the "ZEC maximum short" address partially took profits, reducing 956.37 ETH short positions, still holding $130 million in open positions with a floating profit of approximately $14.3 million. Subsequently, the address increased holdings by 4,476.76 DASH long positions, with a total scale of $1.85 million. This address is known for its large-scale ZEC short positions.

BlockBeats News, January 23 — According to Hyperinsight monitoring, in the past half hour, a whale starting with 0x506f opened a new 40x leveraged BTC short position at $8,890, with a position size of 238.5 BTC, approximately $21.22 million, with a liquidation price of $90,046.9.

The Surf platform has obtained priority allocation rights for the public sale of the Fabric native token ROBO. All Surf Pro/Max annual subscription users will have their eligibility snapshot taken on January 30th. Surf combines artificial intelligence and decentralized technology to promote the development of the intelligent economy.

ChainCatcher News, according to Coinglass data, if BTC breaks through $93,463, the total short liquidation strength of mainstream CEXs will reach $1.498 billion. Conversely, if BTC drops below $85,000, the total long liquidation strength of mainstream CEXs will reach $1.357 billion.