U.S. Senator: If Powell Is Fired by Trump, It Will Trigger a Market Collapse

On January 7, crypto journalist Eleanor Terrett shared updates on the U.S. Crypto Market Structure Act (CLARITY Act): the Senate Banking Committee has formally scheduled a hearing for Thursday, January 15, 2026, to discuss the legislation, with members and their staff racing to reach bipartisan consensus on outstanding issues. This past Tuesday, a meeting in Senate Banking Committee Chairman Tim Scott’s office centered on key topics: crypto-related public official ethics, stablecoin yields, bipartisan representation in crypto regulatory bodies, and several DeFi-specific provisions. Thirteen pro-crypto senators attended the three-hour session. While it’s unclear how many issues were resolved, both Republican and Democratic senators expressed optimism the bill could secure bipartisan support. As senators negotiate internally, the crypto industry is ramping up lobbying efforts this week to weigh in on remaining unresolved matters. On Thursday, the Digital Chamber of Commerce will ho

On January 7, prediction market platform Polymarket announced an exclusive partnership with Dow Jones Media to supply prediction market data to outlets including Barron’s and The Wall Street Journal.

On January 7th, Falcon Finance launched a new off-chain Bitcoin yield treasury targeting Bitcoin holders looking to earn yield without changing their long-term holdings. The offering boasts an expected annualized return of 3% to 5%, paid out in Falcon’s USD-pegged stablecoin USDf.

Jan. 7 – Intel (INTC.O) gained more than 10% per Bitget market data, notching its biggest intraday gain since Sept. 18 of last year.

January 7th – Bloomberg reports that UK fintech giant Revolut is in talks to acquire Turkish digital bank Fups, aiming to speed up its entry into Turkey’s financial market. Fups holds a full digital banking license under Turkey’s 2022-launched branchless banking framework. It has an initial capital of about $81 million and currently has roughly 60 employees. For Revolut, the main draw of the deal is Fups’ regulatory standing—not its customer base or technology.

Jan. 7 — Binance released an update to its January Reserve Report, with the following asset reserve ratios: Bitcoin (BTC) at 100.06%, Tether (USDT) at 101.69%, Ethereum (ETH) at 100%, and BNB at 100.87%. Compared to the December Reserve Report, user-held BTC on Binance rose by 18,914.919 coins in January, worth approximately $1.73 billion. User-held ETH increased by 302,463.604 coins, equivalent to roughly $960 million.