Federal Reserve Chair Contender Rick Rieder has suggested that Bitcoin will replace gold and recommended that investors hold Bitcoin in their portfolios
January 27th, CoinDesk reported that Rick Rieder—BlackRock’s Global Fixed Income Chief Investment Officer and a leading candidate for Federal Reserve chair—has said Bitcoin will replace gold and advised investors to include Bitcoin in their portfolios. Prediction markets now rank his election chances first, and he has repeatedly voiced support for cryptocurrencies.
Back in 2020, when digital assets were still nascent, he told CNBC Bitcoin would supplant gold as a store of value “because it’s far more convenient than hauling a gold bar.” More recently, in the same outlet, he argued Bitcoin belongs in a smart investment portfolio, describing both Bitcoin and gold as “assets that add a layer of stability to a portfolio.” At the time of that interview, Bitcoin was still above $112,000, and he predicted it “will keep climbing.” Today, Bitcoin trades around $88,000, having recently dropped amid potential tariff measures and other geopolitical unrest.
Rieder has openly criticized the Fe
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Tenbin Labs Raises $7.1 Million, Led by Galaxy Ventures
On January 27th, tokenization startup Tenbin Labs announced the completion of a $7.1 million funding round led by Galaxy Ventures, with participation from Wintermute Ventures, GSR, Uniswap, Nascent, Variant Fund, FalconX and other investors.
Tenbin has rolled out a new tokenization model enabling fast, scalable minting and redemption—initially deployed for yield-bearing forex, precious metals and commodities. By tapping global liquidity from traditional exchanges like the Chicago Mercantile Exchange (CME) and combining the speed/composability of stablecoins such as USDC, Tenbin delivers truly liquid, yield-generating tokenized assets.
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Tether Announces Plan to Increase its Gold Holdings by Around 27 Tons in Q4 2025
Stablecoin issuer Tether said on January 27 that it added roughly 27 metric tons of gold to its reserves in the fourth quarter of 2025—nearly matching analysts’ estimated 26-ton purchase in Q3.
Its publicly disclosed third-quarter USDT reserve audit showed the company held about $12.9 billion in gold reserves as of the end of September, equivalent to roughly 104 metric tons at prevailing market prices then. USDT’s current circulation stands at around $187 billion, with reserves still dominated by U.S. Treasury bonds; gold accounts for roughly 7% of the total.
Tether now ranks among the world’s top 30 gold holders, surpassing nations like Greece, Qatar, and Australia.
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Mesh Network completes $75 million Series C funding round, led by Dragonfly Capital
On January 27, encrypted payment network Mesh announced the completion of a $75 million Series C funding round, securing a post-investment valuation of $1 billion.
The round was led by Dragonfly Capital, with participation from Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, and Liberty City Ventures. To date, the company’s total funding has exceeded $200 million. Proceeds will be used to accelerate expansion into Latin America, Asia, and Europe, plus drive product development.
Mesh positions itself as an asset-agnostic unified payment network serving over 900 million users. It lets users pay with any asset (including Bitcoin, Solana, etc.) while merchants settle instantly in stablecoins like USDC, PYUSD, or local fiat currency. Notably, a portion of this funding round was also settled in stablecoins.
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US Stock Market Open Cryptocurrency-Related Stocks Mixed, BMNR Up 1.35%
Bitget Market Data (Jan 27)
At the U.S. stock market open, the Dow Jones dropped 0.6%, the S&P 500 gained 0.27%, and the Nasdaq rose 0.5%.
Crypto-related U.S. stocks were mixed, with key movers including:
- Circle (CRCL): -1.03%
- Coinbase (COIN): -0.52%
- MicroStrategy (MSTR): -0.5%
- BTCS Inc. (BTCS): +1.41%
- BitMine Immersion (BMNR): +1.35%
- SharpLink Gaming (SBET): +0.91%
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