Minseung Kang

Global financial trading platform Robinhood has listed Polkadot (DOT). According to Odaily, a specialist virtual-asset (cryptocurrency) outlet, on the 13th Robinhood newly listed DOT on its platform. As of 22:50 that day, based on Binance’s USDT market, DOT was trading at $2.131, up 4.51% from the previous day.

Reports say BitMine, the largest corporate holder of Ethereum (ETH), is moving in earnest to execute a large-scale staking strategy. According to crypto-focused outlet DL News on the 13th, BitMine has deployed roughly $4 billion worth of its Ethereum holdings into staking. That is about one-third of the company’s total digital-asset holdings. BitMine currently holds more than about 4.16 million Ether, accounting for roughly 3.45% of circulating supply. Tom Lee, chairman of BitMine, said, “BitMine will become one of the world’s largest Ethereum staking operators.” He projected annual staking revenue of about $374 million, potentially exceeding $1 million a day. He also laid out his view of market conditions. Calling the sharp deleveraging phase that has persisted since October last year a “mini crypto winter,” Lee assessed that the correction is effectively nearing its end. He said, “2026 will be a year of recovery, and a full-fledged price upswing is likely to emerge in 2027–2028.” Lee explained, “Generating cash flow through staking can ease structural balance-sheet pressures over the long term.” Meanwhile, BitMine has set a medium- to long-term goal of increasing the share of Ethereum in its holdings to around 5%.

An analysis suggests that despite heightened Middle East tensions and macro variables, the crypto (cryptocurrency) market is seeing lower volatility expectations, with risk appetite remaining subdued. The view is that rather than short-term events, market participants’ patience is being put to the test. According to Adam, a researcher at crypto options analytics firm Greeks.live, implied volatility (IV) in the crypto options market remains markedly lower than a week ago even ahead of the US Consumer Price Index (CPI) release scheduled for 10:30 p.m. (Korea time) on the 13th. Adam explained, “Market participants appear to believe that macro indicators no longer have a major impact on the crypto market.” Adam also noted that options skew, which had briefly recovered during the early-month rebound, has again reverted to holiday-range levels. “Overall market sentiment remains weak, and there isn’t much upside conviction,” he said, adding that “we are repeatedly seeing positions being unwound quickly at the slightest change in variables.”

Amid persistent differences in market views over the next move in the U.S. Federal Reserve’s policy rate, JPMorgan said it expects rates to be held steady for the remainder of the year and that the next adjustment is more likely to be a hike rather than a cut. The view contrasts with expectations voiced in parts of the digital-asset market for rate cuts within the year. According to CoinDesk, a cryptocurrency-focused media outlet, JPMorgan forecast the U.S. policy rate will remain in the 3.5–3.75% range this year, and said the next rate adjustment is most likely a 25bp hike in the third quarter of 2027. JPMorgan said, “The next adjustment in the policy rate is more likely to be a hike than a cut,” adding that “the labor market looks set to tighten again after the second quarter, and disinflation is likely to proceed only gradually.” The forecast runs counter to expectations in the futures market and among some digital-asset market participants. Chicago Mercantile Exchange (CME) fed funds futures are pricing in the possibility of two 25bp rate cuts this year, and some in the crypto market argue that expectations of easier liquidity conditions could create a more favorable backdrop for Bitcoin. Lukman Otunuga, senior market analyst at FXTM, said, “Last year wasn’t easy, but Bitcoin could attempt a rebound this year,” adding that “rate cuts and a decline in circulating supply could help support prices.” Still, JPMorgan left the door open to conditional easing. “If the labor market weakens again over the coming months or inflation falls meaningfully, easing within the year could be revisited,” the bank said, while stressing that its “base case is gradual disinflation and a re-tightening of the labor market.” A recent U.S. jobs report showing the unemployment rate falling to 4.4% has also prompted revisions to forecasts across the financial sector. Goldman Sachs and Barclays were reported to have flagged the possibility of rate cuts later than previously expected, in September and December. Market participants say JPMorgan’s latest outlook both sends a cautionary signal against risk-asset optimism predicated on near-term rate-cut expectations and re-emphasizes that uncertainty over the Fed’s policy path remains elevated.

Signs of large-scale liquidity movement were reported around the “NYC token” publicly promoted by former New York City Mayor Eric Adams shortly after its launch. According to CoinPaper, a crypto (virtual asset) news outlet, Adams held a press conference in New York’s Times Square the previous day and unveiled the “NYC token.” The token was introduced as an extension of his long-standing emphasis, while in office, on leveraging blockchain and digital assets. However, detailed information on the makeup of the co-founders and the entity responsible for operations was not disclosed. At the press conference, Adams said the token would be used to raise funds to address social issues such as anti-American sentiment and antisemitism, explaining that proceeds were expected to be transferred to a specific nonprofit organization. However, critics noted that unusual liquidity swings appeared in on-chain data within hours of trading beginning. Some crypto analysis accounts said they had confirmed signs that roughly $3.4 million in liquidity exited over a short period. Other analysts assessed that the project structure is centralized and that investor risk is high. Bubblemaps, an on-chain visualization analytics firm, said it detected a flow in which a wallet linked to the token’s distributor withdrew about $2.5 million worth of USDC near the price peak, then re-injected about $1.5 million after the price fell more than 60%. The firm said the pattern resembles past token cases that drew controversy over alleged liquidity manipulation. Another on-chain analytics firm, Lookonchain, said of the token: “Liquidity was removed near the price peak in NYC, a memecoin launched by former New York City Mayor Eric Adams, and about $3.18 million worth of USDC left the liquidity pool.” In the process, some investors reportedly engaged in panic selling, and one trader is said to have incurred losses of about $473,500 (loss rate 63.5%) in less than 20 minutes. According to official NYC token materials, the asset was issued on the Solana blockchain with a total supply of 1 billion tokens. Of that, 70% is categorized as the “NYC Token Reserve” and is described as excluded from the initial circulating supply.

With spot crypto (cryptocurrency) exchange-traded funds (ETFs) yet to be introduced in Korea, domestic investors’ allocation to overseas-listed crypto ETFs and related derivative products has increased, data showed. According to the Korea Securities Depository on the 13th, among the top 50 overseas stocks by net buying by Korean investors over the past year (Jan. 13 last year to Jan. 12 this year), many were ETFs tracking Bitcoin (BTC) and Ethereum (ETH) prices, as well as crypto-linked derivative ETFs. Total inflows into these products amounted to $2.37105 billion, equivalent to about 3.5 trillion won. In particular, the ProShares Bitcoin Strategy ETF, which tracks Bitcoin futures prices, saw net buying of about $330 million. Several hundred million dollars also flowed into a leveraged ETF that provides 2x exposure to Ethereum futures prices, according to the tally. Not only products that track crypto prices directly, but also leveraged ETFs whose underlying assets are the share prices of Bitcoin mining firms or companies holding large amounts of Bitcoin also ranked high in net buying. Products offering 2x exposure to BitMine and Strategy shares are representative examples. With ETF investment tied to crypto as an underlying asset restricted in Korea, the trend is interpreted as investment demand shifting to overseas-listed crypto ETFs and related derivative products.

Global asset manager 21Shares has listed an exchange-traded product (ETP) on the London Stock Exchange that allows investors to gain exposure to both Bitcoin (BTC) and gold at the same time. According to crypto-focused media outlet CoinDesk on the 13th, the 21Shares Bitcoin-Gold ETP (BOLD) began trading on the London Stock Exchange on the day (local time). The product is structured to hold physical Bitcoin and physical gold, and is designed to provide simultaneous exposure to both assets through a single investment vehicle. BOLD features a risk-weighted portfolio that combines Bitcoin’s growth potential with gold’s role as a store of value. Rather than allocating by capital weight, it adjusts asset weights based on risk contribution, and uses monthly rebalancing to reduce volatility. Through this, it aims for a relatively more stable return profile than holding Bitcoin alone. The product is the first exchange-traded product in the UK market to bundle both Bitcoin and gold. It was launched as demand for regulated digital-asset investment has risen rapidly after UK authorities eased regulations on crypto-linked exchange-traded products in October last year. In fact, trading in crypto-linked exchange-traded notes in the UK totaled $280 million in the month following the deregulation, according to estimates. In addition, the physical Bitcoin and gold are held with an institutional-grade custodian, and the total expense ratio is 0.65% per year. The product can be traded intraday, offering the same accessibility as existing exchange-traded products in terms of liquidity. BOLD was first launched in Switzerland in April 2022 and has since traded on major European exchanges. As of end-2025, its cumulative return in pound sterling terms was 122.5%, outperforming the results of holding Bitcoin and gold separately over the same period.

An analysis said that, as Monero (XMR) prices rise, leveraged inflows into the futures market are increasing rapidly, with signals emerging that point to heightened near-term volatility or the potential for a pullback. On the 13th, analyst Woo Min-kyu cited CryptoQuant’s QuickTake report, referencing the Monero Futures Volume Bubble Map, and said that “overheated bubbles have been forming repeatedly during the recent price upswing.” He explained that “a key feature is that these bubbles appear not near the lows, but after prices have already risen substantially.” The analyst said, “The current rally is being driven more by increased leveraged participation in the futures market than by gradual spot buying,” adding, “A similar pattern appeared in past Monero cycles; while further gains were possible in the short term, it often led to increased volatility or a short-term correction afterward.” He continued, “While the medium- to long-term trend itself is still intact, leverage is accumulating near the top, making the risk profile increasingly asymmetric,” and added that “rather than a clean, trend-driven rise, it is necessary to prepare for a phase of heightened near-term volatility.”

Short-term volatility expectations in the Bitcoin (BTC) and Ethereum (ETH) options markets are falling rapidly, suggesting traders are increasingly leaning toward a stable phase with no major directional move for the time being. According to crypto-focused media outlet CoinDesk on the 13th, 30-day implied volatility gauges for Bitcoin and Ethereum fell to their lowest levels in months. Bitcoin’s 30-day annualized implied volatility slid to 40%, the lowest since last October, while Ethereum’s implied volatility also dropped below 60%, marking its lowest level since September 2024. In the options market, strategies betting on volatility compression are becoming more pronounced. In a report, Markus Thielen, founder of 10x Research, said, “From an options-market perspective, this volatility squeeze reflects diminishing short-term uncertainty and expectations that range-bound trading is more likely to persist than a major directional move.” He added, “Traders are unwinding hedge positions or seeking returns through volatility-selling strategies.” Indeed, recent options activity has shown an increase in trades that simultaneously sell call and put options. Thielen explained, “Last week’s options flow was centered on selling trades betting on lower volatility rather than directional bets.” This contrasts with the sharp-volatility phase seen in October–November last year. Perceived relative risk in Ethereum is also easing quickly. The 30-day implied volatility gap between Bitcoin and Ethereum has narrowed to around 16, sharply tighter than the peak seen last August (above 30). Thielen said, “Ethereum volatility falling faster suggests event-driven and speculative positioning is being unwound rapidly,” adding that it is “a sign that near-term sharp-move risk is easing rather than building.” Still, the market is noting that shrinking volatility does not necessarily imply a trend of gains or losses. While the options market is currently pricing in a ‘quiet market’ in the near term for both Bitcoin and Ethereum, some interpretations suggest there remains a possibility that Ethereum could still see somewhat larger price swings than Bitcoin.

Global asset manager Grayscale has released a list of altcoins it is reviewing as potential investment products for Q1 2026, highlighting sector trends it is watching from an institutional-investor perspective. According to crypto asset (cryptocurrency) media outlet BeInCrypto on the 13th, Grayscale included a total of 36 altcoins in its Q1 2026 “Assets Under Consideration” list. The list is regularly updated within about 15 days after the end of each quarter and serves as a pre-screening of assets that may be eligible for inclusion in future investment products. In an official blog post, Grayscale explained, “The assets under consideration list represents digital assets that are not currently included in Grayscale investment products, but are being evaluated internally with potential product inclusion in mind.” It added, however, that inclusion on the list does not guarantee an actual product launch or inclusion. This quarter’s candidates are divided into five sectors: smart contracts, financials, consumer & culture, artificial intelligence (AI), and utilities & services. Among them, smart contracts and financials account for the largest share. In the smart-contracts segment, Tron (TRX) was newly added, while the consumer & culture sector includes ARIA Protocol, which promotes intellectual property (IP) tokenization. In the AI segment, Nous Research and Poseidon were newly added, while Prime Intellect, previously a candidate, was removed. In utilities & services, DoubleZero, a decentralized physical infrastructure network (DePIN) project, was added. Overall, the move is seen as reflecting continued interest in tokenization, AI, and infrastructure-related projects. The altcoins Grayscale classified as under investment review for Q1 2026 are grouped by sector into smart contracts, financials, consumer & culture, artificial intelligence (AI), and utilities & services. The smart-contracts segment includes Aptos (APT), Arbitrum (ARB), Binance Coin (BNB), Celo (CELO), Mantle (MNT), MegaETH (MegaETH), Monad (MON), Polkadot (DOT), Toncoin (TON), and Tron (TRX). The financials sector lists Ethena (ENA), Euler (EUL), Hyperliquid (HYPE), Jupiter (JUP), Kamino Finance (KMNO), Lombard (BARD), Maple Finance (SYRUP), Morpho (MORPHO), Pendle (PENDLE), Plume Network (PLUME), and Sky (SKY). The consumer & culture segment includes ARIA Protocol (ARIAIP), Bonk (BONK), and Playtron (Playtron). The artificial intelligence (AI) sector selected Flock (FLOCK), Grass (GRASS), Kaito (KAITO), Nous Research (Nous Research), Poseidon (Poseidon), Virtual Protocol (VIRTUAL), and Worldcoin (WLD). The utilities & services segment includes DoubleZero (2Z), Geodnet (GEOD), IOTA (IOT), LayerZero (ZRO), and Wormhole (W), bringing the total number of assets under consideration to 36.

Global asset manager VanEck forecast that as the visibility of fiscal and monetary policy improves, the investment environment in the first quarter this year is likely to shift into a risk-asset preference phase. According to Cointelegraph, a specialized media outlet for virtual assets (cryptocurrencies), VanEck said in its recently released Q1 2026 outlook report that “as we enter 2026, markets are operating in an environment with unusually high visibility not seen in years.” VanEck assessed that uncertainty around the direction of fiscal policy, the monetary stance, and major investment themes is easing. However, it maintained a cautious view on Bitcoin (BTC). VanEck said, “Bitcoin’s traditional four-year cycle was broken last year, which complicates the interpretation of short-term signals,” adding that “a more cautious approach is needed over the next 3–6 months.” It added that some internal figures are maintaining a more positive view on the short-term cycle. VanEck cited improving U.S. fiscal conditions as a key backdrop. The report said, “While the fiscal deficit remains elevated, its share of gross domestic product (GDP) has been gradually declining from its peak during the COVID-19 period,” and analyzed that “this fiscal stabilization is supporting long-term rates and helping to mitigate tail risks.” Market experts say the overall direction for the first half is becoming relatively clearer. The outlet reported that “following the correction phase at the end of last year, the first half of this year could form a typical setup in which the fiscal, monetary, and regulatory environment works favorably for risk assets.” It added that expectations are growing that the virtual-asset market, including Bitcoin, could also benefit from shifts in the macro backdrop.

Major companies holding Bitcoin (BTC) and Ethereum (ETH) as treasury assets stepped up purchases last week, but unrealized profit and loss diverged sharply due to differences in price performance by asset. On the 12th, on-chain analytics account EmberCN said on X (formerly Twitter), "Strategy bought an additional 13,627 bitcoins last week at an average price of $91,519, bringing its total holdings to 687,410." It added, "With an average purchase price of $75,353, this translates to about $10.55bn in unrealized gains at current levels." EmberCN also said, "Ethereum treasury company Bitmine bought an additional 24,266 ether last week at an average price of $3,122." This lifted Bitmine’s total ether holdings to 4,167,768. However, EmberCN explained, "Bitmine’s average purchase price for Ethereum is $3,862, leaving it with roughly $3.225bn in unrealized losses at current market prices."

Reports have emerged that World Liberty Financial (WLFI), a crypto (cryptocurrency) company led by the family of U.S. President Donald Trump, is expanding its business into a lending and borrowing market that uses stablecoins. According to crypto-specialist media outlet Coindoo on the 12th, WLFI is launching “World Liberty Markets,” a peer-to-peer lending and borrowing platform, widening its stride from a stablecoin issuer into a decentralized finance (DeFi) financial platform. The outlet said the company lists President Trump as “co-founder emeritus.” The new platform focuses on capital utilization rather than simple remittances or providing trading pairs. Users can lend their crypto assets to earn yield or post collateral to access liquidity. This is seen as a strategic shift to extend stablecoins—previously largely confined to payments—into financial products. At the center of the platform is USD1, a dollar-pegged stablecoin. Since its launch last year, USD1 has grown rapidly, with its market capitalization expanding to about $3.4 billion. WLFI executives believe the lending and borrowing features will turn USD1 into a financial tool that provides an incentive to hold it in wallets, rather than merely serving as a medium of exchange. World Liberty Markets supports USD1 as well as WLFI tokens, Ether (ETH), tokenized Bitcoin (BTC), USDT, and USDC as collateral assets. By placing USD1 alongside the major assets used across existing DeFi markets, the company aims to broaden adoption through real-world usability. USD1’s growth has also been influenced by cooperation with global exchange Binance. Binance was involved in USD1’s development and has recently expanded related trading pairs. Earlier, Abu Dhabi-based investment firm MGX used USD1 in a $2 billion transaction tied to Binance. The report cited this as an example of growing use cases for the stablecoin among institutional investors. WLFI plans to add additional collateral assets beyond crypto in the future. Co-founder Zach Folkmann mentioned the possibility of including tokenized real-world assets (RWA), and in the past the company has reviewed a plan to put Trump family-linked real estate on the blockchain. The lending and borrowing functions are built on the existing DeFi protocol Dolomite (DOLO). WLFI said using proven infrastructure allows it to focus on expanding use cases rather than developing core technology. Jack Witkoff, WLFI’s chief executive officer (CEO), said, “The goal of the platform is to make USD1 not a static dollar substitute, but a tool that provides yield and leverage.” WLFI is also preparing services aimed at retail users. Within this year, it plans to launch a mobile application integrating lending and borrowing functions, and it is also considering a debit card and rewards program that allow direct use of USD1. At the same time, it is pursuing a U.S. banking charter through one of its affiliates, and if approved, it is expected to be able to expand its stablecoin business within the regulatory framework. Meanwhile, after the news, the Dolomite token DOLO posted a sharp short-term rally, trading at $0.05343, up 27.9% over the past 24 hours.

The Bank of Italy analyzed the impact on network security and payment functions under an assumption that Ethereum (ETH) prices collapse to an extreme. The assessment says the risk could spill over beyond mere asset-price swings to the stability of the broader financial infrastructure. According to Cointelegraph, a cryptoasset (cryptocurrency) specialist media outlet, on the 12th the Bank of Italy presented this scenario in a research report titled “If the price of Ethereum goes to zero: how market risk turns into crypto-infrastructure risk.” The report defines Ethereum not as a speculative asset but as core infrastructure responsible for transaction processing and settlement for stablecoins and tokenized assets. In particular, it focuses on the fact that validators depend on Ethereum rewards, and finds that if prices plunge, weakened economic incentives could lead some validators to leave the network. According to the report, if validators exit, the total amount of staking that protects the network would decline, block production would slow, and resistance to attacks as well as assurances of rapid transaction finality could weaken. This could cause direct disruptions to on-chain payment and settlement functions. Through this approach, the Bank of Italy traced how Ethereum’s price risk can transform into operational and infrastructure risk. It noted that for financial products that rely on the Ethereum network—such as fiat-pegged stablecoins or tokenized securities—the shock could spread beyond speculative trading into the payments and settlement domain. The report explained that “as the share of Ethereum being used as the settlement layer for financial products grows, shocks to the value of the base token can be directly linked to the reliability of the infrastructure.” Accordingly, it said the risk perimeter monitored by regulators is expanding beyond trading markets to the overall payment system. The Bank of Italy therefore presented two regulatory options. One is to deem public blockchains that rely on highly volatile tokens unsuitable as regulated financial infrastructure; the other is to allow their use but impose minimum standards for emergency response frameworks, alternative payment rails, and validator security.

Global bank Standard Chartered has designated 2026 as the year of Ethereum (ETH), forecasting that ETH will deliver relative outperformance versus Bitcoin. While it trimmed its near-term price outlook somewhat, it maintained medium- to long-term upside potential on the back of improving structural fundamentals. According to crypto (digital-asset) news outlet The Block on the 12th, Geoffrey Kendrick, head of digital assets research at Standard Chartered, said in his latest report that “2026, like 2021, will be the year of Ethereum,” adding that “as blockchain and on-chain product adoption expands, Ethereum will meaningfully outperform the market.” Standard Chartered did, however, revise its short-term price targets. It lowered its end-2026 target for Ethereum to $7,500 from $12,000, and cut its 2027 and 2028 forecasts to $15,000 and $22,000, respectively. By contrast, it raised its long-term outlook, presenting new targets of $30,000 by end-2029 and $40,000 by end-2030. The bank said Bitcoin’s underwhelming performance has been capping US dollar-denominated returns across the digital-asset complex, but argued that, in relative terms, Ethereum’s momentum is strengthening. As key support, it pointed to Ethereum’s entrenched position in stablecoins, real-world asset tokenization (RWA), and decentralized finance (DeFi). Standard Chartered projected that the Ethereum-to-Bitcoin price ratio (ETH/BTC) could gradually revert toward around 0.08, the peak level seen in 2021. This reflects its view that Ethereum has a structural edge in network scalability and on-chain utilization. Flows are also seen as relatively resilient for Ethereum. The report noted that momentum has broadly cooled for listed digital-asset exchange-traded products and corporate treasury allocations, but Ethereum has shown comparatively stronger support than Bitcoin. It highlighted that Bitmine Immersion, which has adopted an Ethereum-focused corporate treasury strategy, holds about 3.4% of the circulating supply and plans to expand that to 5% over the medium to long term. An upbeat outlook for the stablecoin and tokenized real-world asset markets was also maintained. Standard Chartered estimates both markets could reach $2 trillion each by 2028, and said that more than half is already operating on the Ethereum network. Network metrics were also assessed positively. Ethereum transaction counts have recently hit record highs, with 35–40% of those coming from stablecoin transactions. Plans to expand Layer 1 throughput, including the Fusaka upgrade implemented last December, were cited as a key variable for medium- to long-term market-cap gains. In addition, Standard Chartered flagged potential improvements in the US regulatory environment as a swing factor. The bank said that if the Clarity bill currently under discussion in the US Congress passes in the first quarter, Bitcoin could set a new all-time high in the first half alongside equities—an outcome that could also support Ethereum’s long-term upside scenario.

Bitmine, which is pursuing a corporate treasury strategy centered on Ethereum (ETH), increased its holdings again after making a large additional purchase last week. According to PR Newswire on the 12th, Bitmine bought an additional 24,266 Ethereum last week. As a result, the company’s Ethereum holdings expanded to a total of 4,167,768. That is about 3.45% of total circulating Ethereum supply (about 120.7 million). Bitmine said that as of the 11th, its total digital assets and cash, including its Ethereum holdings, plus other investment assets amount to $14 billion. Specifically, this consists of roughly 4.16 million Ethereum, 193 Bitcoin, $988 million in cash, and other strategic investment assets. Of these, 1,256,083 Ethereum are being used for staking, with an additional 596,864 staked over the past week. Based on the current global average Ethereum staking yield, Bitmine explained that if its holdings are fully staked going forward, it could generate annual revenue of several hundred million dollars. Tom Lee, chairman of Bitmine, said, “2026 will be a turning point when blockchain establishes itself as Wall Street’s payments infrastructure, driven by the proliferation of stablecoins and real-world asset tokenization,” adding, “In particular, conditions are becoming favorable for Ethereum.” He added, “Since last October, excessive leverage has been unwound and a kind of ‘mini crypto winter’ has passed, and from 2026 the market will enter a recovery phase.” Meanwhile, Bitmine has set a medium- to long-term goal of securing 5% of total Ethereum supply. Its current holding ratio has reached about 70% of that target.

An analysis suggests that the pace at which Bitcoin (BTC) long-term holders are distributing their holdings has slowed markedly. On the 12th, on-chain data analytics firm Glassnode said via X (formerly Twitter) that "the scale of net outflows from Bitcoin long-term holders is retracing from extreme levels," adding that this "suggests the market is gradually absorbing long-term-held supply." Glassnode added in particular that "there is a strong likelihood that a substantial portion of the supply that had accumulated overhead has already been absorbed." The assessment is that as the market gradually takes in long-held supply, the overhang from overhead sell orders is easing.

Strategy (formerly MicroStrategy) has increased its bitcoin (BTC) holdings further. On the 12th, Strategy Chairman Michael Saylor said on X (formerly Twitter), "Strategy purchased an additional 13,627 bitcoins, deploying approximately $1.25 billion." The average purchase price was calculated at about $91,519 per coin. With this purchase, Strategy’s total bitcoin holdings expanded to 687,410 coins. According to Saylor, as of January 11, 2026, Strategy has bought bitcoin with a total outlay of $51.8 billion, with an average acquisition cost of about $75,353 per coin.

Binance will list Fogo (FOGO) on the spot market. According to a Binance notice on the 12th, Binance will support spot trading pairs ▲FOGO/USDT ▲FOGO/USDC ▲FOGO/TRY starting at 14:00 on the 15th (UTC, 23:00 Korea time). Deposits will be available from one hour after the listing announcement. Withdrawals will open at 14:00 on the 16th (UTC, 23:00 Korea time). FOGO is set to be listed with a 'Seed Tag,' which carries higher volatility risk. Binance plans to allocate an additional 50 million FOGO for future marketing campaigns, with details to be provided in a separate notice. Meanwhile, once spot trading begins, exposure on Binance Alpha will end.