CryptoQuant said Wednesday that Bitcoin derivatives open interest has dropped about 31% since October, a deleveraging move that often coincides with market bottoms. CoinGlass estimates total BTC OI near $65 billion, roughly 28% below the early October peak above $90 billion, while Deribit's $100,000 strike leads with $2.2 billion notional.

BitMine Immersion Technologies added 186,560 ETH to its staking position on the Beacon Chain, taking its total staked Ether holdings to 1,530,784 ETH valued at roughly $5.13 billion. The firm now has about 37% of its more than 4 million ETH staked, while its stock price rose 3.8% in after-hours trading to $32.35 as Ether itself climbed 7% on the day.

On Monday, Columbia Business School adjunct professor Omid Malekan argued that U.S. banks are promoting unfounded myths about stablecoin yields to shield their profits as crypto market structure legislation moves toward markup. He said the real dispute centers on who captures interest from stablecoin reserves and claimed that allowing issuers to share yields with users would impact bank profitability more than deposits or lending. Malekan urged Congress to focus on innovation and consumer benefit instead of protecting large, highly profitable banks.

US President Donald Trump said on Tuesday that major technology firms should shoulder the electricity costs of their data centers so ordinary Americans do not face higher utility bills, after US power prices climbed around 40% over five years. He highlighted ongoing work with Microsoft, which is set to implement significant changes this week, while separate industry estimates point to rapidly rising electricity demand from data centers and AI workloads through 2030.

Developers who left the Electric Coin Company on Wednesday are preparing to release a new Zcash wallet called cashZ, built on the existing Zashi codebase. The team plans to launch the wallet within a few weeks and enable seamless migration for Zashi users, while emphasizing a return to cypherpunk ideals and faster scaling for Zcash.

Anthropic, developer of the Claude AI chatbot, is reportedly preparing to raise $10 billion at a targeted $350 billion valuation, nearly doubling its prior $183 billion mark after a 2025 funding round. The prospective deal, led by GIC and Coatue, comes alongside up to $15 billion in planned backing from Nvidia and Microsoft, as the firm forecasts breaking even by 2028 and eyes an initial public offering this year. New data also shows AI companies attracted roughly half of global funding in 2025, with OpenAI securing a single $40 billion round.

Bitwise chief investment officer Matt Hougan argued that crypto must clear three major checkpoints before setting new all-time highs in 2026, including post-October liquidation stability, passage of the CLARITY Act in the US Senate and a resilient equity market. He noted that the market has rebounded since the Oct. 10 crash, while other analysts highlighted a supportive macro backdrop despite the Federal Reserve signaling no imminent rate cuts.

In the first two trading days of 2026, US spot Bitcoin ETFs drew more than $1.2 billion in new capital, with almost every fund reporting inflows. At this rate, projected annual inflows could reach about $150 billion, roughly 600% higher than the $21.4 billion recorded in 2025, while Morgan Stanley has filed to launch new Bitcoin and Solana ETF products.

Since mid-December 2025, large Bitcoin holders controlling between 10 and 10,000 BTC have accumulated 56,227 BTC worth over $5.3 billion while retail traders with less than 0.01 BTC have been taking profits. This divergence, combined with BTC trading near the top of its $87,000–$94,000 range and option interest clustering around $100,000 for January expiry, is seen by analysts as supporting a bullish continuation scenario.