Senate Banking Committee Shifts Focus to Housing, Crypto Market Structure Bill Hearing Postponed for Several Weeks

On January 22, Cathie Wood-led Ark Invest predicted in its latest "Big Ideas 2026" report that Bitcoin’s market capitalization will reach roughly $16 trillion by 2030, with the total crypto market size growing to around $28 trillion. Given Bitcoin’s fixed supply of 21 million coins, this valuation translates to a per-Bitcoin price of approximately $761,900—representing a roughly 765% jump from its current price of about $88,000. Ark noted Bitcoin is maturing into a new institutional asset class, primarily serving as a digital store of value. Currently, U.S. Bitcoin spot ETFs and public companies hold roughly 12% of Bitcoin’s total supply. The firm expects Bitcoin to dominate the crypto market, growing at a compound annual growth rate (CAGR) of about 63% over the next five years. (Source: The Block)

**January 22** X Product Lead and Solana Ecosystem Advisor Nikita Bier announced today that, based on traffic performance over the past few months, X has compiled top accounts across industries and regions. These have been rolled into a new tool called the "Starter Pack"—built to help new users find accounts that align best with their interests. For the crypto space, featured accounts include CZ, Brian Armstrong, Vitalik, Justin Sun, Shibetoshi Nakamoto, and others.

On January 22, Barchart reported the U.S. Treasury repurchased $28 billion in Treasury bonds today. Separately, the U.S. M2 money supply reached a record $22.3 trillion.

On January 22, crypto journalist Eleanor Terrett reported that two extra weeks of talks to secure formal Democratic backing failed to yield results. Next week’s markup of the bill by the Senate Agriculture Committee is expected to be partisan—a bad sign for the Senate Banking Committee, which had aimed to move its own deliberations forward with bipartisan agreement. Additionally, the Senate Agriculture Committee has unveiled the latest draft of its cryptocurrency market structure bill. Committee Chairman John Boozman noted that no agreement was reached with Democrats but said he still looks forward to next week’s markup, scheduled for 3 p.m. ET next Tuesday.

January 22 — According to Bitget market data, U.S. stocks closed higher on Wednesday, with all three major indices boosted by a post from Donald Trump. The Dow Jones Industrial Average rose 1.2% at the close, the S&P 500 gained 1.1%, and the Nasdaq Composite advanced 1.1%. Crypto-related stocks showed mixed performance: MSTR climbed 2.23%, BMNR jumped 3.93%, COIN edged down 0.35%, Gemini declined 1.82%, and Circle slipped 0.08%.

On January 22nd, data from Ashes Monitor indicates a market rebound sparked a deleveraging event at 3 AM local time, leading to the liquidation of one-third of the $332 million short position held by trader 0xD83...Fd7. The trader’s unrealized profit fell from $24 million to $4 million, surrendering $20 million in gains. Post-liquidation, the trader re-established additional short positions and currently holds a $266 million short position.