Market Brief – Friday, Jan 16
• BTC slips to $95K, ETH around $3.3K as altcoins pull back; BTC dominance inches closer to 60%.
Spot ETF Flows (Jan 15):
• BTC ETFs: +$100.2M net inflow
– BlackRock +$315.8M, Fidelity -$188.9M
• ETH ETFs: +$164.4M (BlackRock +$149.2M)
• SOL ETFs: +$8.9M
Key Developments:
• State Street officially enters crypto, rolling out products from money market funds and ETFs to stablecoins.
• Argentina’s top crypto exchange Lemon enables spending via Visa cards backed by BTC as collateral.
• Interactive Brokers now supports USDC deposits; RLUSD and PYUSD coming next week.
• KAITO and COOKIE drop sharply amid reports X may ban “post-to-earn” (InfoFi) apps.
• Polygon reportedly cuts ~30% staff, refocusing on stablecoin payments.
• Bitmine invests $200M into MrBeast’s Beast Industries, targeting a 10x return.
• Bitmine also adds 24,068 ETH ($80.6M) and has now staked ~40% of its ETH holdings (~1.7M ETH).
Airdrop Watch:
Zama (Community Sale), Sosovalue (Season 2 update), Owlto (airdrop check), ETHGas (airdrop soon).
👉 Risk-off tone in the short term, but institutions keep building quietly. The market whispers even when prices pull back. $BTC
