The "Strong Short ZEC" Trader Partially Closes ZEC Short Position for Profit, Current Unrealized Gain of $230,000

Spot gold climbed to $4,620 per ounce on January 12, according to market data from Bitget. The metal posted a daily gain of 2.44% and has risen by more than $300 in the first month of the new year.

January 12 — Official sources confirm that Binance Wallet will launch its Bitway Booster investment program on January 13, 2026, at 8:00 AM. Eligible participants will be able to share airdrop rewards worth 200,000 USD in BTW tokens. The event’s participation threshold requires holding 165 or more points in the Binance Alpha tier.

Jan. 12 — JPMorgan no longer expects the Federal Reserve to cut interest rates, and now anticipates a rate hike in 2027. (Bloomberg)

Jan 12 — Standard Chartered Bank issued a bullish outlook on Ethereum, with Global Head of Digital Assets Research Geoffrey Kendrick saying the crypto will outperform peers by 2026 despite downward revisions to its absolute price targets amid a bearish crypto market. In the bank’s latest digital assets report note, Kendrick stated: “I believe 2026 will be Ethereum’s year, much like 2021.” He cited growth in blockchain and on-chain product adoption as a key driver for ETH to “significantly outperform the broader market.” The report noted Bitcoin’s continued dominance has weakened its upside potential against the dollar, but Kendrick emphasized Ethereum’s momentum is strengthening relative to BTC. Standard Chartered expects the ETH/BTC pair to gradually return to its 2021 high of ~0.08, driven by Ethereum’s structural advantages—including dominance in stablecoins, real-world assets (RWA), and decentralized finance (DeFi)—plus ongoing network scalability efforts. Critical to this

January 12 — BitMine announced today that the combined value of its cryptocurrency holdings, cash reserves, and "potential project" investments has reached $14 billion, per official sources. As of 7:00 p.m. EST January 11, the company’s holdings include: - 4,167,768 Ethereum - 193 Bitcoin - A $23 million investment in Eightco Holdings (Nasdaq: ORBS) via a "potential project" - $9.88 billion in cash BitMine’s Ethereum holdings account for 3.45% of the current total Ethereum supply (120.7 million tokens). “2026 heralds several positive trends for the crypto space, with stablecoin adoption and asset tokenization poised to make blockchain Wall Street’s settlement layer — a shift that will particularly benefit Ethereum,” said BitMine Chairman and Fundstrat analyst Thomas “Tom” Lee. “We still view the leverage reset following the October 10, 2025, pullback as a ‘mini crypto nuclear winter.’ 2026 will mark a crypto price recovery, with even stronger growth expected in 2027–20

On January 12, Trump is set to interview BlackRock executive Rick Rieder for the Federal Reserve chairmanship, with the interview scheduled for this week. (FXStreet)