Daily Crypto Briefing – January 10, 2026

The crypto market continues its consolidation phase as Bitcoin holds above $90,000 while regulatory developments and institutional adoption drive headlines across the industry.

Top Stories

Robinhood Building Ethereum Layer-2 Network

CoinDesk reports that Robinhood's head of crypto Johann Kerbrat explained the company's upcoming layer-2 network, emphasizing their desire for Ethereum's security. The platform is also updating its tokenized stocks program and staking offerings.

Tennessee Targets Prediction Markets

The Block confirms Tennessee's Sports Wagering Council sent cease-and-desist letters to Kalshi, Polymarket, and Crypto.com, threatening criminal prosecution. This marks the first state-level regulatory action against these platforms since their US relaunch.

Bitcoin Community Celebrates Hal Finney Anniversary

Cointelegraph notes the 17th anniversary of Hal Finney's famous "Running Bitcoin" tweet. The crypto community continues to speculate about Finney's potential connection to Satoshi Nakamoto.

VanEck's Bold Bitcoin Price Prediction

CoinDesk details VanEck's projection that Bitcoin could reach $2.9 million by 2050, assuming it gains traction as a settlement tool and reserve asset over the next 25 years.

Regulation

Senate Crypto Bill Advances

• CoinDesk reports lawmakers will finally vote on a market structure bill next week
• Senate Agriculture Chair weighing delay to build stronger bipartisan support
• DeFi concerns remain as crypto community demands could derail bill

UK Regulatory Framework

• Bitcoin.com News details the Financial Conduct Authority's new authorization requirements for crypto firms
• Framework introduces comprehensive compliance standards ahead of new regulatory regime

WisdomTree Scraps XRP ETF Plans

• CryptoBriefing reports WisdomTree withdrew its XRP ETF application, highlighting competitive pressures in the US digital asset ETF market

Markets

Bitcoin Consolidation Continues

• Bitcoin trading between $89,596 and $91,924, currently around $90,617
• Analysts identify three key levels, warning of potential drop below $70,000
• CVDD model suggests Bitcoin not yet deeply undervalued compared to historical cycles

ETF Flows Mixed

• XRP ETFs hit record weekly volume with $1.22 billion in inflows
• Bitcoin and Ethereum ETFs face combined $750 million in outflows
• Spot Bitcoin ETFs lost $681M in first week of 2026

Altcoin Activity

• Polygon leads surge with 15% rally after CEO shares Open Money Stack vision
• Metaplanet stock jumps 35% YTD as Bitcoin treasury reaches 35,000 BTC

Technology

Institutional Blockchain Adoption

• BNY launches tokenized deposits mirroring balances on private blockchain
• Tokenized Treasuries surge 125% creating "programmable cash" loop banks are copying
• Stablecoin volumes hit record $33 trillion in 2025

Platform Updates

• Pump.fun overhauls creator fees introducing fee-sharing across up to 10 wallets
• Solana issues critical v3.0.14 validator update

Quick Hits

• Bitfinex whales dump BTC longs as $135K price target reemerges
• Nasdaq and CME unite crypto indexes under new institutional benchmark
• Tether partners with UN to combat crypto scams and human trafficking
• 2010 Bitcoin whale moves $181M in dormant BTC after yearlong silence
• [Betterment warns users](https://cointelegraph.com/news/betterment-fake-crypto-promotion-triple-returns-warning?utm