10 #Bitcoin ETFs inflows 2,586 $BTC(+$247.92M) and 9 #Ethereum ETFs outflows 20,884 $ETH(-$70.69M) yesterday.

On January 12, QCP Capital shared on its official channel that Bitcoin, gold, and silver rallied in tandem during early Asian trading as the U.S. dollar tumbled sharply. The moves came on the heels of comments from Powell, who noted a DOJ subpoena to the Federal Reserve and potential criminal charges (framed as retaliation for the Fed’s refusal to align with former President Trump’s preferred interest rate path) rather than tied to Powell’s June congressional testimony. While initial volatility might have suggested markets were again positioning Bitcoin as a hedge against fiat system or institutional risks, the subsequent trend revealed notable weakness. Bitcoin failed to hold above $92,000 on a sustained basis and tumbled sharply once European markets opened—echoing a pattern seen multiple times in Q4 2024. This failure to build on the so-called bullish narrative underscores the structural resistance Bitcoin has faced since October 10, as optimism for a Q1 breakout rally faded.

January 12 — Standard Chartered Bank is planning to launch a crypto trading-focused prime brokerage business, per Bloomberg, a sign global banks are ramping up efforts to compete in digital assets. Anonymous sources say the London-based lender will house the new unit within its wholly owned venture capital arm, SC Ventures. Talks are still in early stages, and a specific launch timeline remains unclear. Standard Chartered has been among the more active global banks in digital assets, with investments in projects including crypto custody firm Zodia Custody and institutional trading platform Zodia Markets. Last July, the bank announced it became the first global systemically important bank (G-SIB) to offer spot crypto trading to institutional clients. An SC Ventures spokesperson declined to comment. In December, SC Ventures shared on LinkedIn that it was developing a digital assets joint venture called “Project37C,” describing it as a “lightweight financing and market platform.”

**Coinshares: Digital Asset Investment Products See Record $454M Weekly Outflow** January 12 — According to Coinshares data, digital asset investment products recorded a **record $454 million outflow** last week. Over the past four days, total outflows hit $1.3 billion, nearly wiping out the $1.5 billion in inflows from the first two days of this year. Market sentiment has shifted primarily due to investor concerns: recent macroeconomic data has lowered the odds of a Federal Reserve rate cut in March. ### Regional Trends The U.S. was the only market with negative sentiment, posting outflows of $569 million. By contrast, other markets saw inflows: - Germany led with $58.9 million - Canada: $24.5 million - Switzerland: $21 million ### Asset-Specific Details - **Bitcoin**: The primary target of negative sentiment, with $405 million in outflows. Bitcoin short products also saw $9.2 million in outflows (signaling divergence in market sentiment toward the asset). - **

On January 12, Justin James Yang Jiajia (@JYtopfloorboss)—a member of Polymarket’s China business team—posted on social media that the Polymarket team is working to ensure its platform fully supports multiple languages, with the feature currently in internal testing and refinement. Per the shared screenshot, the in-test multilingual version includes Portuguese, Simplified Chinese, Russian, Swedish, Turkish, and Urdu, in addition to English.

January 12: Wall Street firm Bernstein said in its latest analysis that the window for the U.S. to pass the Crypto Market Structure Act is rapidly narrowing as legislators face deepening rifts between the banking industry and the crypto sector over stablecoin yield issues. Analyst Gautam Chhugani noted in a client report on Monday that while core parts of the "Clarity Act"—including the distinction between digital commodities and securities, and regulatory approaches to decentralized finance (DeFi)—are controversial, these issues are unlikely to block its progress. The main obstacle, he said, is that banking industry representatives are pushing to restrict crypto platforms from offering stablecoin yields. Last year’s "GENIUS Act," signed by former President Trump, banned stablecoin issuers from directly paying yield, but it still allows crypto platforms and their affiliates to distribute yields to users (typically 2% to 4% annualized). Banks view these incentives as a threat to t