According to Odaily Planet Daily, trader "Pigeon" Eugene posted on his personal channel that he has basically exited his long positions in altcoins because the market performance of the relevant investment targets has not met expectations, so he has chosen to take profits in stages. However, he is still holding his core Bitcoin long positions and has significantly increased his cash position in preparation for the next round of trading.

Odaily Planet Daily reports that Tom Lee, Chairman of BitMine and co-founder of Fundstrat, stated at the latest BitMine shareholder meeting that Ethereum is at the heart of a new round of financial infrastructure transformation, and 2026 may be a pivotal year for Ethereum's full-scale explosion. Lee pointed out that Ethereum reached an all-time high in the ETH/BTC exchange rate in 2021, and with the tokenization of real-world assets and the accelerated adoption by mainstream financial institutions and users, this ratio is expected to break through the previous high again in 2026. Standard Chartered Bank also considers 2026 "the year of Ethereum" and predicts an Ethereum price of $12,000. Against this backdrop, Lee emphasized that BitMine's business model will directly benefit from the rise in Ethereum's price. Based on historical correlation calculations, if the ETH price reaches $12,000, BitMine (BMNR)'s stock price would theoretically correspond to approximately $500. Furthermore, BitMine will also generate substantial cash flow from Ethereum staking rewards and ample cash reserves. Currently, the company holds approximately 4.2 million ETH and has approximately $1 billion in cash. Under current conditions, it is expected to generate pre-tax revenue of $402 million to $433 million; if the price of ETH rises to $12,000 and the company controls approximately 5% of the Ethereum supply, the pre-tax revenue could expand to $2 billion to $2.2 billion.

According to Odaily Planet Daily, OKX market data shows that ETH has broken through 3300 USDT and is currently trading at 3300.58 USDT, with the 24-hour decline narrowing to 0.35%. (This news item was generated with AI assistance.)

According to a post on the X platform by Alex Thorn, Head of Research at Galaxy, U.S. Senate Banking Committee Chairman Tim Scott has announced a postponement of the hearing on the Crypto Market Structure Act. It is understood that stablecoin yields are a key sticking point in the negotiations. Banking lobbying groups have actively pushed for restrictions on stablecoin rewards, fearing that interest-bearing stablecoins could siphon off bank deposits and destabilize the banking system. Compromises proposed to gain congressional support were ultimately deemed unacceptable by the stablecoin industry, with some believing the issue is a matter of survival. Other unresolved issues include restrictions on DeFi and illicit activities, as well as restrictions on tokenized security innovation. Furthermore, Thorn revealed that although Tim Scott has not yet announced a new hearing date, the earliest the Banking Committee could reconvene for the amendment hearings is the week of January 26-30, due to the Senate recess next week. The Senate Agriculture Committee, which handles CFTC-related matters, had previously postponed its amendment hearings to January 27.

Huoxun Finance reported on January 17th that, according to Binance, the platform now supports users to directly withdraw US dollars (USD) via bank transfer (SWIFT). This service is provided by BPay, and the transfer takes 0-5 business days to complete. BPay Global is one of Binance's entities in Bahrain, a payment services subsidiary of Binance, newly established in April 2025 and holding a CBB Payment Service Provider (PSP) license. Previously, Bahrain Kuwait Bank (BBK), a leading retail and corporate bank in Bahrain, signed a memorandum of understanding with Binance Bahrain, becoming the first bank in the Gulf Cooperation Council to join the Binance Link program.