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

**Bitcoin Pulls Back After New Year’s Rally; Meme Coins Tumble** January 7th – Per HTX market data, Bitcoin has pulled back following its New Year’s rally. As of press time, the leading crypto trades at $92,488. The “114514” token, which fueled a meme craze yesterday, hit an all-time high market cap of $57.03 million—only to plummet more than 90% in a single day. Its current market cap stands at just $3.91 million. Previously strong meme coins have also retreated from this round’s rebound peak, with the following moves: - PEPE: Down 10% to $0.00000653 - NEIRO: Down 9.34% to $0.000143 - FLOKI: Down 9.64% to $0.0000559 - PENGU: Down 7.36% to $0.0128 - BONK: Down 13.51% to $0.0000116 - PNUT: Down 14.66% to $0.09 - BOME: Down 11.84% to $0.000774 This rewrite uses **American English conventions**: - Concise headline (standard for crypto news alerts) - "All-time high" (more common than "historical high" in U.S. finance) - "Plummet" (emphasizes sharp drops, typ

January 7: Bithumb, South Korea’s second-largest crypto exchange, will list Brevis (BREV) with KRW trading support, per official sources.

On January 7, Cobo co-founder and CEO Fishen Shi noted on social media that it’s no surprise Manus founder Hong Xiao is a BTC holder. Back in 2013, Hong was one of the interns Cobo hired from Huazhong University of Science and Technology, and the two collaborated on 1Bit together at the time. “Over the past decade—from Bitcoin to AI agents—the landscape has shifted, and company boundaries are blurring: rather than ‘hiring employees,’ it’s more about ‘identifying vectors’—finding people with sharp ideas, strong execution, and rapid growth potential, and forging early connections.”

Per LookOnChain data, a newly created crypto address spent 250,000 USDT to purchase 8.54 million “114514” tokens at the token’s peak 14 hours ago (Jan. 7). Following today’s price crash, those tokens are now worth just $34,380, translating to a loss of up to $215,600 (-86%).

January 7 — Listed Bitcoin mining firm Riot Platforms sold a total of 2,201 BTC in November and December of last year, netting nearly $200 million in profit, per its latest production and operations report released in December. Riot held 18,005 BTC at year-end, worth approximately $1.65 billion at current prices. However, that figure is down by more than 1,300 from its October balance of 19,324 BTC, and only 293 more than its year-end total the prior year. In stark contrast to 2024 — when the company sold no Bitcoin and instead grew its BTC reserves by over $500 million in value — Riot’s recent sell-off signals an active pivot into artificial intelligence (AI), according to Matthew Sigel, VanEck’s Director of Digital Assets.

On January 7, Telegram founder Pavel Durov posted on his personal channel to clarify key points amid unfounded panic-inducing claims: - Telegram does not rely on Russian capital. - No Russian investors participated in its recent $1.7 billion bond issuance. - Most 2021-issued old bonds have been repaid and present no issues. - Bondholders are not company shareholders and have no say in Telegram’s decisions. - Durov is Telegram’s sole shareholder. Previously, BlockBeats reported that the Financial Times stated Telegram’s roughly $500 million in Russian bonds were frozen due to Western sanctions.