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The first time I heard someone say “privacy is great until the auditor shows up”, it wasn’t on crypto Twitter. It was inside a finance office, said casually, like gravity. And in traditional markets, it’s true. Funds can’t execute strategies if every position is visible in real time. Companies can’t manage treasury if every move becomes a public signal.

But regulators still expect traceability, accountability, and clean compliance. That tension is exactly where most blockchains struggle — they’re either radically transparent by default, or so opaque that serious institutions won’t touch them.

This is why the phrase “privacy that never blinks at audits” fits Dusk so well. It’s not a promise of invisibility. It’s a design goal. Confidentiality where markets need it, and verifiable proof where oversight demands it. That distinction matters far more than most traders realize, because it points to where real adoption can actually happen.

Dusk positions itself as a Layer-1 built for regulated finance, where privacy and compliance aren’t enemies. Instead of bolting privacy on later, it uses selective disclosure through zero-knowledge proofs. In practice, this means transactions can stay confidential while still proving validity, eligibility, and rule compliance. AML, KYC, and reporting requirements can be satisfied without broadcasting sensitive data to the entire network.

This matters because institutional finance doesn’t view privacy as hiding balances. It views privacy as protecting market structure. On public ledgers, wallet transparency becomes surveillance. Competitors infer intent. Market makers detect patterns. Execution quality degrades. If you’ve ever seen how large players split orders or route trades to avoid signaling, you already understand why forced transparency isn’t fairness — it’s information leakage.

Dusk’s architecture is designed to keep markets functional while remaining auditable. Its documentation consistently frames privacy as normal behavior, not suspicious behavior — with accountability available on demand. That’s how traditional finance operates, and that’s the model Dusk is trying to replicate on-chain.

Zooming out, regulation isn’t going away. Frameworks like MiCA and institutional pilots are pushing crypto toward compliant infrastructure, not anonymous experiments. The chains that survive won’t hide from audits — they’ll withstand them without exposing strategy.

If Dusk succeeds, it won’t be because privacy was fashionable. It’ll be because it became boring, reliable infrastructure. And in finance, boring infrastructure is often where the real money quietly settles.

@Dusk

$DUSK

#dusk

Bitcoin (BTC) registered a marginal increase over the past 24 hours, reaching $88,000. However, price action remains muted as investors favored gold and silver instead of risk assets ahead of the Federal Reserve’s rate cut decision and Big Tech earnings, which could act as a major catalyst for the market, particularly BTC. 

BTC’s underperformance compared to equities and precious metals suggests investors are treating crypto as a high-risk asset rather than a safe-haven asset. The flagship cryptocurrency fell to a low of $87,135 on Monday before reclaiming $88,000. BTC has dipped back below $88,000 and is currently trading around $87,843. 

Crypto Rebound Will Happen Once Gold Rally Cools: Tom Lee 

Fundstrat’s Tom Lee believes the cryptocurrency market will recover once the gold and silver rallies cool. According to Lee, record gold and silver prices have overshadowed Bitcoin and other cryptocurrencies; however, the latter should rebound with a weaker dollar and an easing Fed. Lee explained that crypto lacks the leverage tailwind since the industry “de-levered.” 

As long as gold and silver are rising, then there’s a FOMO into buying that instead of crypto. Because when gold and silver take a break, then and in the past, that would lead to a Bitcoin and Ethereum surge afterwards.

Gold prices surged past $5,000 on Monday, reaching a record high of $5,100, rising over 17% since the beginning of the year. Not to be left behind, Silver hit $110, gaining over 55% so far this year. Market experts believe geopolitical tensions, tariff threats, and a weak US dollar are driving investors towards assets like gold and silver. Lee added that the markets are still reeling from the October 10 crash, which wiped out billions from the crypto market. Lee added, 

I think the precious metal move has sucked a lot of the oxygen out of the room. So, I think crypto prices aren’t quite keeping up with fundamentals, but as you know, when fundamentals go up and to the right, prices eventually follow.

Spot Bitcoin ETFs Break Outflow Streak 

US spot Bitcoin ETFs broke a five-day outflow streak on Monday, recording total net inflows of $6.84 million on January 26. Crypto ETFs and investment products bled last week, shedding over $1.7 billions, the largest weekly decline since November 2025. Investors dumped Bitcoin and Ethereum products as the prospect of a rate cut faded, and crypto failed to act as an inflation hedge this cycle. CoinShares head of research James Butterfill stated, 

Dwindling expectations for interest rate cuts, negative price momentum, and disappointment that digital assets have not participated in the debasement trade yet have likely fuelled these outflows.

Bitcoin Hashrate Plummets Amid Massive Winter Storm 

The Bitcoin network hashrate plunged to a seven-month low over the weekend as a major winter storm pummeled the US with snow and ice, forcing miners to pause mining operations to support the energy grid. Weather agencies reported that the winter storm impacted over three dozen states over the weekend, causing widespread rain, snow, ice, and power outages, impacting millions. According to CoinWarz data, the Bitcoin Network’s hashrate began dropping on Friday and hit 663 exahashes per second (EH/s) by Sunday, a 40% decline in two days. However, the hashrate has recovered and reached 854 EH/s by Monday. Abundant Mines, a Bitcoin miner, said that over 40% of the global Bitcoin mining capacity went offline over the weekend. 

Approximately 40% of global Bitcoin mining capacity has gone offline in the past 24 hours due to extreme winter weather.

Bitcoin (BTC) Price Analysis 

Bitcoin (BTC) briefly reclaimed $88,000 before being forced back towards $87,000 as it struggles to build momentum while gold and silver surge to record levels. BTC fell to a low of $86,000 on Sunday before rebounding on Monday and settling at $88,250. The flagship cryptocurrency is down 0.59% during the ongoing session, trading around $87,726. 

However, overall market sentiment remains cautious, with investors flocking to gold and silver. The precious metals have rallied to record levels ahead of the Federal Reserve’s first interest rate decision of the year, and expected earnings from a host of mega tech companies. Meanwhile, President Trump found a new tariff target, South Korea. Trump said he was increasing tariffs on imports from South Korea, accusing the country of not living up to its trade deal with Washington. 

NEW: TRUMP ANNOUNCES “BECAUSE THE KOREAN LEGISLATURE HASN’T ENACTED OUR HISTORIC TRADE AGREEMENT, WHICH IS THEIR PREROGATIVE, I AM HEREBY INCREASING SOUTH KOREAN TARIFFS ON AUTOS, LUMBER, PHARMA, AND ALL OTHER RECIPROCAL TARIFFS, FROM 15% TO 25%.”</span></i></p></blockquote> <p><span style="font-weight: 400;">Meanwhile, traditional markets held steady as tech companies prepared to announce their earnings. Nasdaq rose 0.2% as investors readied themselves for earnings from the Magnificent Seven, including Microsoft, Apple, and Tesla, due on Wednesday. Meanwhile, MSCI’s broad index of Asia Pacific shares rose 0.4%, and Japan’s Nikkei fell 0.1%. </span></p> <p><span style="font-weight: 400;">Gold settled around $5,066 per ounce, hovering around a record high, while silver rallied over 6% to $110. Meanwhile, </span><a href="https://financepolice.com/bitcoin-price-analysis-btc-posts-marginal-recovery-as-trump-walks-back-tariff-threats/"><b>Bitcoin</b></a><span style="font-weight: 400;"> and other cryptocurrencies struggled, with the flagship cryptocurrency well below its October peak. Investors have ignored Bitcoin, instead pivoting to gold as falling yields, a weak dollar, and geopolitical uncertainties fuel a rally in equities and precious metals. The divergence has prompted many to question Bitcoin’s “digital gold

narrative and reinforced the view that crypto is trading more like a high-beta asset, sensitive to positioning and liquidity, and less like a hedge. Alex Kuptsikevich, FxPro chief market analyst, stated, 

Cryptocurrencies remain a lagging class of risk-sensitive assets, falling short of metals and the strongest global currencies. The technical bearish picture remains relevant, despite the gains in recent hours. BTC remains below its key moving average lines and has not attempted to break through the support of the last two months.

Meanwhile, the Federal Reserve is widely expected to hold interest rates steady at its meeting on Wednesday. 

BTC ended the previous weekend in the red, dropping 1.55% to $93,633. Sellers retained control on Monday as the price fell 1.15% to $92,559. Selling pressure intensified on Tuesday as BTC fell nearly 5%, slipping below $90,000 to $88,310. Despite the overwhelming bearish sentiment, the price recovered on Wednesday, rising 1.19% to $89,363. BTC registered a marginal increase on Thursday, moving to $89,463.

Source: TradingView

BTC experienced considerable volatility on Friday as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand as the price registered a marginal increase to $89,474. Selling pressure returned over the weekend, and BTC fell 0.44% to $89,092. Selling pressure intensified on Sunday as the price fell nearly 3% to $86,561. Despite the overwhelming selling pressure, BTC recovered on Monday, rising almost 2% to $88,250. BTC is back in the red during the ongoing session, trading around $87,928.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

상위 12개 스테이블코인의 합산 시가총액이 지난 10일 동안 약 22억4천만 달러 감소했다. 투자자들이 금과 은 같은 전통적 안전자산으로 자본을 이동시키면서다.

무슨 일이 있었나: 스테이블코인 유출

온체인 분석 업체 Santiment는 온체인 및 시장 데이터 분석을 통해 스테이블코인 시가총액의 순감소를 추적하며, 이를 디지털 자산 간의 회전이 아니라 암호화폐 생태계 밖으로 자본이 빠져나가는 움직임으로 해석했다. 사용자가 스테이블코인을 법정화폐로 되돌려 상환할 때 스테이블코인 공급은 줄어든다.

이러한 유출은 동시에 귀금속 시장의 새로운 고점과 맞물렸다.

월요일, 무역 갈등 심화와 미국 정부 셧다운 가능성에 대한 우려가 투자자들을 귀금속으로 몰리게 하면서 금 가격은 온스당 5,000달러를 웃도는 사상 최고가를 기록했다. 반면 비트코인 (BTC)은 약 8만6천 달러 수준의 5주 최저가로 떨어지며, 가치 저장 수단으로 자주 비교되는 두 자산 간의 괴리가 더욱 커졌다.

참고로 글로벌 스테이블코인 시장은 최근 3,110억 달러를 웃도는 사상 최고치를 기록했으며, Decrypt가 인용한 DeFiLlama 데이터에 따르면 현재도 약 3,090억 달러 수준을 유지하고 있다.

산티먼트가 지적한 이번 감소 폭은 상대적으로 크지 않지만, 방향성 자체는 의미가 있다.

참고 기사: Bitget TradFi Volume Doubles To $4B In Just 13 Days

왜 중요한가: 위험 회피(risk-off) 신호

스테이블코인은 트레이딩과 디파이(탈중앙화 금융)의 기본 기축 통화 역할을 하기 때문에, 전체 공급량은 크립토 시스템 내부에 얼마나 많은 자본이 대기하고 있는지를 가늠하는 지표가 된다. 산티먼트는 과거 사이클에서 강한 반등이 나타난 시점은 스테이블코인 시가총액의 하락이 멈추고 다시 증가세로 돌아선 이후였다고 지적했다.

또 스테이블코인 공급 축소는 비트코인보다 알트코인에 더 큰 타격을 주는 경향이 있다고 강조했다. 규모가 작은 토큰들은 투기적 자금 흐름과 얇은 유동성에 더 크게 의존하기 때문이다. CoinShares 펀드 데이터에 따르면, 비트코인과 이더리움 (ETH) ETF를 중심으로, 암호화폐 투자 상품에서 단 일주일 만에 약 17억3천만 달러의 순유출이 발생했다.

테더(Tether) 역시 실물 금을 매입하며 준비자산을 다변화하고 있다. 이 회사는 2025년 4분기에 약 27톤의 금을 추가 매입한 것으로 알려졌다. 이는 크립토 관련 자본이 위험자산에 재투입되기보다는 실물 자산이라는 강경한 안전판을 찾는다는 더 큰 흐름을 강화하는 움직임이다.

감소하는 스테이블코인 유통량과 펀드 자금 유출이 겹치면, 이는 보통 공격적 투기보다 방어적 포지셔닝을 선호하게 만드는 전형적인 위험 회피(risk-off) 패턴으로 여겨진다.

다음 읽기: Winter Storm Knocks 110 EH/s Off US Bitcoin Mining