Crypto Currency

China May Be On the Verge of Ending Its Bitcoin Ban

Is China secretly stacking Bitcoin and gearing up to unban it? Let me break down why I think they’re about to make a huge move—and sooner than you think…

Is China secretly stacking Bitcoin and gearing up to unban it? Let me break down why I think they’re about to make a huge move—and sooner than you think…
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Crypto Currency

Nomura-backed Laser Digital introduces tokenized bitcoin yield-bearing fund

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Nomura-backed Laser Digital introduces tokenized bitcoin yield-bearing fund The Laser Digital Bitcoin Diversified Yield Fund SP targets excess returns on top of BTC performance. By Ian Allison| Edited by Sheldon Reback Updated Jan 22, 2026, 12:31 p.m. Published Jan 22, 2026, 9:20 a.m.

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Nomura-backed Laser Digital introduces tokenized bitcoin yield-bearing fund

The Laser Digital Bitcoin Diversified Yield Fund SP targets excess returns on top of BTC performance.

By Ian Allison|Edited by Sheldon Reback
Updated Jan 22, 2026, 12:31 p.m. Published Jan 22, 2026, 9:20 a.m.
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Headshot of Laser Digital CEO Jez Mohideen

Laser Digital CEO Jez Mohideen (Laser Digital modified by CoinDesk)

What to know:

  • The fund will be the first natively tokenized bitcoin yield fund through KAIO, and will be custodied by Komainu.
  • The fund seeks to actively monetize carry-like investment opportunities across market-neutral arbitrages, lending and options.

Nomura-backed crypto trading firm Laser Digital introduced a bitcoin diversified yield fund to provide long-term holders of the largest cryptocurrency with a return on their assets via carry-like trading strategies and market-neutral arbitrages, lending and options.

Operating under the auspices of Laser Digital’s asset management arm, the fund will be the first natively tokenized bitcoin yield fund, done through tokenization specialists KAIO (formerly Libre Capital), the company said in a press release on Thursday.

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The fund is an upgrade of Laser’s 2023-launched Bitcoin Adoption Fund, and will be custodied by Komainu, which is backed by Blockstream and Laser Digital.

Only to certain accredited investors in eligible jurisdictions (non-U.S.) will be able to invest, with a minimum subscription amount of $250,000 or BTC-equivalent, Laser Digital said.

The fund targets long-term bitcoin holders, aiming to offer over 5% excess net return over BTC performance across various market regimes over rolling 12 months, according to a press release.

“Recent market volatility has shown that yield-bearing, market neutral funds built on calculated DeFi [decentralized finance] strategies are the natural evolution of crypto asset management,” Jez Mohideen, co-founder and CEO of Laser Digital, said in a statement.

NomuraBitcoin NewsLaser Digitalinvestments

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

16:9 Image

KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
View Full Report

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Sui Group charts new course for crypto treasuries with stablecoins and DeFi

Sui token glitch

The Nasdaq-listed firm said it is evolving beyond a crypto treasury vehicle into a yield-generating operating business.

What to know:

  • Sui Group is layering stablecoin and DeFi revenues on top of its SUI holdings, according to Steven Mackintosh, the company’s chief investment officer.
  • The SuiUSDE stablecoin is planned for launch in early February with fees flowing back into SUI buybacks.
  • Mackintosh is targeting higher yield and growing SUI per share over the next five years.
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New research projects U.S. inflation resurgence, challenging bitcoin bulls’ disinflation bets

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email New research projects U.S. inflation resurgence, challenging bitcoin bulls’ disinflation bets Inflation in the United States could climb above 4% this year, according to a new analysis by Adam Posen of the Peterson Institute and Peter R. Orszag of Lazard. By

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New research projects U.S. inflation resurgence, challenging bitcoin bulls’ disinflation bets

Inflation in the United States could climb above 4% this year, according to a new analysis by Adam Posen of the Peterson Institute and Peter R. Orszag of Lazard.

By Omkar Godbole|Edited by Shaurya Malwa
Updated Jan 22, 2026, 6:58 a.m. Published Jan 22, 2026, 6:51 a.m.
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Inflation

U.S. inflation rate could rise above 4% this year, according to Peterson Institute for International Economics

What to know:

  • Inflation in the United States could climb above 4% this year, according to a new analysis by Adam Posen of the Peterson Institute and Peter R. Orszag of Lazard.
  • The researchers say Trump-era tariffs, tighter labor markets, possible migrant deportations, large fiscal deficits and easier financial conditions could outweigh productivity gains from AI and falling housing inflation, pushing prices higher.
  • Higher inflation could keep the Fed from lowering borrowing costs as aggressively as markets and crypto investors expect.

A leading economics institute has warned that the costs of everyday stuff in the U.S. could rise faster this year. This clashes with bitcoin bulls’ hopes for disinflation and lower borrowing costs, which could spark a crypto boom.

Consumer prices in the U.S., a key measure of cost of living, could surprise to the upside this year, potentially topping 4%, Peterson Institute for International Economics’ President Adam Posen and Peter R. Orszag, CEO and chairman of global financial advisory and asset management firm Lazard, said in their latest research note.

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A renewed inflationary upswing would make it harder for the Federal Reserve (Fed) to cut rates rapidly, disappointing risk asset bulls who have come to expect rapid rate cuts in the wake of last year’s disinflationary trend.

The official inflation rate, as measured by the consumer price index, declined to 2.7% in 2025, the lowest since 2020. Several investment banks expect the Fed to cut rates by 50-75 basis points this year, while crypto bulls expect a more aggressive move.

Analysts at crypto exchange Bitunix put it best: “The real policy risk at this juncture is not easing too early, but remaining overly cautious after structural disinflation [due to productivity gains from AI] has taken hold—ultimately forcing a more abrupt and disruptive adjustment later. This backdrop explains why markets have begun to price in a ‘policy catch-up’ scenario in advance.”

Explaining the projection

According to Orszag and Posen, several factors, including Trump’s tariffs on imports from other countries and a tighter labour market, could outweigh productivity gains, pushing inflation higher.

They explained that importers pass on tariff-driven cost increases to end consumers with a lag. Such delays smooth short-term inflation spikes but eventually amplify consumer prices amid sustained tariffs.

“By mid‑2026, the delayed pass‑through should be substantially complete. This could add 50 basis points to headline inflation by mid-year,” they noted.

Deportations could also drive more inflation by creating labor shortages in sectors reliant on migrants, pushing up wages and fueling demand-pull inflation.

Analysts also highlight government spending, which could drive the U.S. fiscal deficit above 7% of GDP, alongside easier financial conditions and unanchored inflation expectations as potential catalysts that could raise the cost of living this year.

“We believe these factors outweigh the downward‑pressure trends that consensus has been fixated on—namely, the ongoing decline in housing inflation and gains in productivity,” they noted.

Treasury yields are already rising

This projection for higher inflation lands as global bond yields, including U.S. Treasury yields, are rising, making risky investments like stocks and crypto less attractive.

The 10-year Treasury yield hit a five-month high of 4.31% early this week, tracking the rally in the Japanese government bond yields to record highs.

Bitcoin has dropped nearly 4% to $90,000 this week, according to CoinDesk data.

Bitcoin NewsInflation

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

16:9 Image

KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Here’s why bitcoin’s is failing its role as a ‘safe haven’ versus gold

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What to know:

  • During recent geopolitical tensions, Bitcoin lost 6.6% of its value, while gold rose 8.6%, demonstrating bitcoin’s vulnerability in times of market stress.
  • Bitcoin behaves more like an “ATM” during uncertain times, with investors quickly selling it to raise cash, contrary to its reputation as a stable digital asset.
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Crypto market steadies as Japan’s bond market chaos eases

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Crypto market steadies as Japan’s bond market chaos eases Crypto markets remain highly sensitive to bond yields, but a renewed spike in rates could quickly put bitcoin and other digital assets back under pressure. By Shaurya Malwa Updated Jan 22, 2026

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Crypto market steadies as Japan’s bond market chaos eases

Crypto markets remain highly sensitive to bond yields, but a renewed spike in rates could quickly put bitcoin and other digital assets back under pressure.

By Shaurya Malwa
Updated Jan 22, 2026, 6:43 a.m. Published Jan 22, 2026, 6:18 a.m.
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Close up of the red circle at the center of the Japanese flag. (DavidRockDesign/Pixabay)

What to know:

  • Crypto prices stabilized on Thursday, with bitcoin hovering near $90,000 and ether above $3,000, after sharp swings earlier in the week.
  • The rebound in Japan’s long-dated government bonds eased global borrowing costs and removed a key pressure point that had been weighing on bitcoin and other tokens.
  • Crypto markets remain highly sensitive to bond yields, but a renewed spike in rates could quickly put bitcoin and other digital assets back under pressure.

Major cryptocurrencies steadied Thursday as Japan’s government bonds recovered for the second day in a row, easing a major economic worry that had dragged down bitcoin and other coins earlier this week

Bitcoin hovered near $90,000 during Asian trading hours after swinging sharply over the past 24 hours, while ether traded back above $3,000. Major tokens including solana, XRP and cardano also stabilized after steep losses earlier in the week, according to CoinGecko data.

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The stabilization came as prices for Japan’s longer duration government bonds recovered, sending yields lower.

Yields on 30-year Japanese debt fell sharply after government officials called for calm, reversing part of a surge that had pushed borrowing costs to multi-decade highs.

The renewed stabilization in Japanese bonds doesn’t signal a return to risk-taking, but for now, it removes one of the immediate stress points that had forced traders into defensive mode early this week.

Japanese debt took a beating early this week, ratting global markets, including cryptocurrencies. It also lifted bond yields across the globe, including yields on Treasury notes, which underpin the global financial system.

Hardening of yields mattered for crypto because Japan’s debt market sits at the center of global capital flows. When long-dated Japanese yields spike, it raises global borrowing costs and encourages investors to pull money back into safer, interest-bearing assets.

That shift typically hurts speculative markets like crypto, which depend on easy financial conditions and abundant liquidity. Bitcoin slipped below $88,000 at one point as traders cut exposure, while altcoins fell even harder as leverage was flushed from the system.

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

16:9 Image

KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
View Full Report

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What to know:

  • During recent geopolitical tensions, Bitcoin lost 6.6% of its value, while gold rose 8.6%, demonstrating bitcoin’s vulnerability in times of market stress.
  • Bitcoin behaves more like an “ATM” during uncertain times, with investors quickly selling it to raise cash, contrary to its reputation as a stable digital asset.
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Bitcoin swings trigger rare split liquidation as longs and shorts both get hit

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin swings trigger rare split liquidation as longs and shorts both get hit Nearly equal losses across long and short positions showed traders were wrong-footed as crypto prices swung violently within hours. By Shaurya Malwa| Edited by Sam Reynolds Updated Jan

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Bitcoin swings trigger rare split liquidation as longs and shorts both get hit

Nearly equal losses across long and short positions showed traders were wrong-footed as crypto prices swung violently within hours.

By Shaurya Malwa|Edited by Sam Reynolds
Updated Jan 22, 2026, 5:58 a.m. Published Jan 22, 2026, 5:54 a.m.
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A see-saw sits unused in a playground

What to know:

  • More than $625 million in leveraged crypto positions were liquidated in the past 24 hours, with losses split roughly evenly between longs and shorts across about 150,000 traders.
  • Hyperliquid saw the largest single liquidation—a $40.22 million ETH-USD position—and the biggest overall hit at about $220.8 million, mostly from short positions caught by a price rebound.
  • The liquidation wave followed sharp intraday swings in bitcoin, driven by macro uncertainty around U.S. trade policy, bond market volatility and expectations tied to President Donald Trump’s appearance at the World Economic Forum in Davos, underscoring the risks of aggressive leverage in choppy markets.

Crypto markets delivered a painful lesson in leverage over the past 24 hours, liquidating more than $625 million in positions as sharp price swings punished traders betting in both directions.

According to CoinGlass data, roughly 150,000 traders were forced out of positions, with liquidations split almost evenly between long and short bets. About $306 million in long positions were wiped out, while $319 million in shorts were liquidated, an unusually balanced outcome that reflected how abruptly prices reversed during the session.

STORY CONTINUES BELOW
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chart

The largest single liquidation occurred on Hyperliquid, where an ETH-USD position worth $40.22 million was forcibly closed. Hyperliquid also accounted for the largest share of total liquidations, with about $220.8 million erased on the platform. Notably, more than 72% of those liquidations were tied to short positions, suggesting traders there were caught leaning too heavily into downside bets just as prices rebounded.

Binance and Bybit also saw heavy activity. Binance recorded roughly $120.8 million in liquidations, skewed toward long positions, while Bybit saw nearly $95 million wiped out, with longs again slightly outweighing shorts.

The liquidation wave unfolded during a session marked by sharp intraday swings in bitcoin, which briefly fell below $88,000 before rebounding toward the $90,000 level.

That move followed heightened macro uncertainty around U.S. trade policy, bond market volatility and shifting expectations tied to President Donald Trump’s appearance at the World Economic Forum in Davos.

For leveraged traders, the combination proved toxic. Early downside momentum triggered long liquidations, accelerating the drop. But as prices snapped back, shorts were quickly caught offside, forcing a second wave of liquidations in the opposite direction. The result was a classic whipsaw that left both sides nursing losses.

Such two-way liquidation events tend to occur when markets are caught between competing narratives, with no clear trend and thin margins for error. In this case, macro headlines drove fast sentiment shifts, while leverage amplified each move.

As traders look ahead, the focus will remain on whether volatility settles or continues to flare. Until clearer direction emerges, the latest liquidation wave suggests that caution, rather than aggressive leverage, may be the smarter trade.

btcBitcoin NewsETHEthereum NewsLiquidations

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

16:9 Image

KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
View Full Report

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Here’s why bitcoin’s is failing its role as a ‘safe haven’ versus gold

Here’s why bitcoin’s is failing its role as a 'safe haven'

Bitcoin behaves more like an “ATM” during uncertain times, with investors quickly selling it to raise cash.

What to know:

  • During recent geopolitical tensions, Bitcoin lost 6.6% of its value, while gold rose 8.6%, demonstrating bitcoin’s vulnerability in times of market stress.
  • Bitcoin behaves more like an “ATM” during uncertain times, with investors quickly selling it to raise cash, contrary to its reputation as a stable digital asset.
  • Gold remains the preferred hedge for short-term risks, while bitcoin is better suited for long-term monetary and geopolitical uncertainties that unfold over years.
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Bitcoin’s weakness versus gold and equities puts quantum computing fears back in focus

Senator Amy Klobuchar, D-Minn. (screen capture, Senate Agriculture Committee)

Senate Agriculture’s crypto market structure draft peppered with Democrat pitches

Strategy Executive Chairman Michael Saylor (Danny Nelson, modified by CoinDesk)

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U.S. Capitol Building (Jesse Hamilton/CoinDesk)

Days of our market structure bills: State of Crypto

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