BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

On January 9, the U.S. Senate passed a war powers resolution by a vote of 52-47, restricting former President Trump’s ability to take military action against Venezuela. (FX168)

On January 9th, on-chain data reveals that TrueBit—a blockchain compute scaling protocol—was suspected of being attacked, with losses totaling 8535 ETH (approximately $26.4 million).

On January 9th, the Federal Reserve Bank of New York’s monthly survey revealed U.S. inflation expectations climbed in December, while consumer perceptions of job opportunities hit their lowest level in at least 12.5 years. Key data highlights: - Consumers expect annual inflation to reach 3.4% over the next year, up from 3.2% in November. - The perceived probability of finding a new job after becoming unemployed dropped to 43.1%—the lowest since the bank launched its consumer expectation surveys in mid-2013. The findings underscore a divide among Fed officials: some prioritize inflation risks, while others flag a greater threat of rising unemployment. This split is likely to complicate the central bank’s rate adjustment decisions at its next policy meeting later this month. (Source: FX678)

January 9 (CoinDesk) — Bitcoin bounced back to ~$90,500 on Wednesday, after briefly dipping to ~$89,300 and testing support at its 50-day moving average (~$89,200). It marks the crypto’s third straight day of pullback, following a Monday surge to nearly $95k. Crypto trading firm Wintermute cited low trading volume and profit-taking as the main drivers of the decline. “After a post-New Year risk appetite rebound, the market failed to break above the key $95k level—sparking two days of volatile trading, with ETF outflows leading the charge,” said Jake Ostrovskis, Wintermute’s OTC trading lead. “The Fed’s recent downward revision of rate cut expectations has also weighed on the market.” CME FedWatch data shows the probability of a Fed rate cut at its Jan. 28 meeting is now just 11.6%—down from 15.5% a week ago and 23.5% a month prior. Derivatives metrics reveal rising market leverage: Bitcoin perpetual futures funding rates remain positive (~0.09%), meaning longs are paying sh

On January 9th, Morgan Stanley announced plans to launch a digital wallet later this year to support tokenized assets.

On January 8, Strategy officially announced the 6th Annual Corporate Bitcoin Conference will take place February 24–25. Michael Saylor is set to deliver the keynote address. The agenda features sessions and panel discussions covering topics including Bitcoin credit products’ risks, returns and portfolio role; how Bitcoin impacts corporate valuation models; Bitcoin adoption trends; and institutional mandates.