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

Jan. 20 — Portugal’s gambling regulatory authority SRIJ has ordered the blocking of crypto prediction market Polymarket, ruling its operations in the country illegal, and demanded the platform stop serving Portuguese users within 48 hours. Local internet service providers (ISPs) will block access if the platform fails to comply. The regulator noted Polymarket lacks authorization to offer online gambling services in Portugal, and Portuguese law explicitly bans betting on domestic or international political events. The platform remains accessible in Portugal despite receiving a correction notice earlier. During the 2026 Portuguese presidential election, abnormal trading activity was spotted on Polymarket: Hours before official results were announced, betting volume surged, with over €4 million flowing into related markets—sparking widespread concerns about premature exit poll leaks and "insider trading." Data shows total trading volume on the main 2026 Portuguese presidential el

**January 20th (Coinglass Data):** Bitcoin falling below $90,000 would drive $502 million in cumulative long liquidation intensity across major centralized exchanges (CEXs). Conversely, a breakout above $93,000 would trigger $767 million in cumulative short liquidation intensity on those platforms. **BlockBeats Note:** Liquidation charts do not show the exact number or value of contracts subject to liquidation. The bars instead reflect the relative importance of each liquidation cluster compared to adjacent clusters—i.e., "intensity." This means the chart illustrates how heavily the underlying price will be impacted at a given level: A higher bar signals a more intense price reaction due to a liquidity surge.

January 20th As reported by Cointelegraph, Bitcoin is fluctuating above $90,000, with multiple on-chain and sentiment indicators simultaneously flashing a "buy" signal. Market focus centers on whether the key support level will hold. On-chain data shows the Hash Ribbons indicator—calculated from the 30-day and 60-day moving averages of hash rate—signals the end of miner capitulation and entry into a recovery phase. Historically, this indicator has delivered buy signals after capitulation and ahead of significant price rallies. Capriole Investments noted the current range forms a "long-term buying opportunity," while On-Chain Mind called it "one of the strongest Hash Ribbons signals on record," often marking the end of forced selling. Sentiment-wise, the Fear and Greed Index has shifted positive. CryptoQuant data reveals a bullish "golden cross"—where the 30-day moving average crosses above the 90-day moving average. This pattern typically follows prolonged fear in a consolidati

On January 20, per EmberCN monitoring data, Trend Research today borrowed an additional 30 million USDT from Aave and transferred the funds to Binance. - Since November last year, the institution has been dollar-cost averaging (DCA) into ETH via leverage. It currently holds 626,000 ETH (valued at ~$1.94 billion) with an average cost of ~$3,186, and an unrealized loss of ~$50 million. - The firm’s total borrowings on Aave stand at $1 billion, representing approximately 2x leverage.

Jan. 20 — Official data shows total loans issued by decentralized lending protocol Aave from January 2020 through January 2026 have neared $1 trillion.

January 20th: Per Coinglass data, the crypto market dipped below $91,000 earlier today following a multi-day pullback. Currently, funding rates for mainstream BTC, ETH, and SOL across major CEXs and DEXs have moderated from bearish levels, returning to neutral territory. However, widespread bearish sentiment toward altcoins persists. Specific funding rates for top coins are shown in the attached image. **BlockBeats Note**: A funding rate is a fee mechanism for crypto perpetual contracts, designed to align contract prices with underlying asset values. It facilitates fund transfers between long and short traders—exchanges do not charge this fee directly. The rate adjusts holding costs or profits to keep contracts closely tied to spot prices. **Rate Benchmark**: - 0.01% = baseline - Above 0.01% = bullish bias - Below 0.005% = bearish bias