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Last price (USDT)
491.27K
24h total (USDT)
1.05M
Total vol (USDT)
2025-01-15 15:00:00 ~ 2025-01-22 09:30:00
Trading time (UTC+0)
2025-01-22 11:00:00 ~ 2025-01-22 23:00:00
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Total supply1.00B
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Introduction
Jambo is building a global on-chain mobile network, powered by the JamboPhone — a crypto-native mobile device starting at just $99. Jambo has onboarded millions on-chain, particularly in emerging markets, through earn opportunities, its dApp store, a multi-chain wallet, and more. Jambo’s hardware network, with 700,000+ mobile nodes across 120+ countries, enables the platform to launch new products that achieve instant decentralization and network effects. With this distributed hardware infrastructure, the next phase of Jambo encompasses next-generation DePIN use cases, including satellite connectivity, P2P networking, and more. At the heart of the Jambo economy is the Jambo Token ($J), a utility token that powers rewards, discounts, and payouts.
Matthew McConaughey Says It's Not "Alright, Alright, Alright" for AI to Misuse His Voice
In brief Actor Matthew McConaughey has secured eight trademarks from the U.S. Patent and Trademark Office, including a sound mark on his iconic "Alright, alright, alright" line from "Dazed and Confused." The trademarks, registered to his J.K. Livin Brands Inc., give McConaughey standing to sue in federal courts against unauthorized AI use of his voice and likeness. McConaughey's trademark strategy comes as the entertainment industry grapples with AI's legal implications across multiple fronts. Actor Matthew McConaughey has locked down legal protection on his most famous catchphrase, securing eight trademarks including a sound mark on his iconic "Alright, alright, alright" line from the 1993 comedy "Dazed and Confused,” even as Hollywood continues to wrestle with how far artificial intelligence should be allowed to go. The Academy Award-winning actor's legal team at Yorn Levine obtained the trademarks from the U.S. Patent and Trademark Office over recent months, culminating in the approval for the sound mark that captures McConaughey's distinctive three-word delivery. The trademark registration specifies the exact pitch variations: "wherein the first syllable of the first two words is at a lower pitch than the second syllable, and the first syllable of the last word is at a higher pitch than the second syllable." By securing federal trademarks, McConaughey gains standing to sue in federal courts and potentially deter unauthorized AI-generated content featuring his voice or likeness, even when it's not explicitly commercial. "In a world where we're watching everybody scramble to figure out what to do about AI misuse, we have a tool now to stop someone in their tracks or take them to federal court," Jonathan Pollack, of-counsel attorney at Yorn Levine, told Hollywood trade publication . The eight trademarks, registered to McConaughey's J.K. Livin Brands Inc., parent company of his Just Keep Livin apparel business, also include video clips of the actor and audio of him saying "Just keep livin', right?" followed by "I mean." "I don't know what a court will say in the end. But we have to at least test this," noted Kevin Yorn, partner at Yorn Levine, whose firm represents entertainment industry luminaries including Scarlett Johansson, Zoe Saldaña, South Park creators Trey Parker and Matt Stone, and others. Broader industry reckoning The trademark move is complicated by McConaughey’s own embrace of AI, on licensed terms. Last November, he announced a partnership with AI voice company ElevenLabs, where he's an investor, to create Spanish-language versions of his "Lyrics of Livin'" newsletter using AI voice replication. Meanwhile, in November, Warner Music Group resolved its copyright infringement lawsuit, announcing an agreement that will convert the platform into a licensed service launching in 2026. The settlement ended litigation filed last June when Warner joined Sony Music Entertainment and UMG Recordings in accusing Udio and competitor Suno of mass copyright infringement for allegedly training AI models on copyrighted recordings without permission. Such collaborations point to a growing divide in Hollywood, with some artists viewing AI as an existential threat, while others see it as a tool, so long as they control the terms. McConaughey’s message appears to land somewhere in between. Unauthorized AI? Not alright. Licensed, consent-based use? That’s a different conversation. Decrypt has reached out to J.K. Livin Brands Inc. for comment.
Factbox-Major deals involving U.S. drugmakers and biotechs over the past decade
Jan 15 (Reuters) - Boston Scientific is buying medical equipment maker Penumbra in a deal valued at about $14.5 billion, to expand its vascular pipeline. The move adds to a growing list of high-profile transactions over the past decade by U.S. pharmaceutical companies to acquire promising therapies in fields ranging from oncology, neurology to rare diseases and obesity. Below are some of the major deals involving U.S.-based pharma and biotech firms from the past decade Year Acquirer Target Deal Description Value 2026 Boston Scientific $14.5 To expand Penumbra billion vascular pipeline 2025 Abbott < Exact up to To gain Sciences $23 access to ABT.N> billion Exact Sciences' cancer tests, including flagship colorectal cancer test Cologuard 2025 Merck Cidara $9.2 To gain Therapeut billion access to ics Cidara's experimental drug for flu prevention 2025 Pfizer Metsera $10 To gain a billion foothold in the fast-growing obesity treatment market 2025 Merck & Verona About $10 Strengthens Co Pharma billion Merck's respiratory portfolio amid looming Keytruda patent cliff 2025 Johnson & Intra-Cel $14.6 Expands J&J's Johnson lular billion footprint in Therapies brain disease treatments 2024 Novo Catalent $16.5 Boosts Holdings billion manufacturing (includin capacity for g debt), Novo $11.5 Nordisk's billion popular (excludin obesity drug g debt) Wegovy 2023 Merck & Prometheu $10.8 Adds Co s billion experimental Bioscienc treatment for es ulcerative colitis and Crohn's disease and builds up presence in immunology 2023 Bristol Karuna BMY gains a Myers Therapeut $14 promising Squibb ics billion antipsychotic medicine as patents on its older therapies near their expiry 2023 Pfizer Seagen $43 Builds billion Pfizer's cancer portfolio amid decline in sales for COVID-related products and generic competition 2022 Amgen Horizon $27.8 Buyout, Therapeut billion biggest in ics the sector in 2022, fortifies rare diseases portfolio 2022 Pfizer Biohaven $11.6 Pfizer bets Pharmaceu billion big on a new tical class of Holding migraine drugs 2021 Merck & Co Acceleron About Diversifies Pharma $11.5 Merck's billion portfolio beyond cancer 2021 Ginkgo Soaring $17.5 Ginkgo goes Bioworks Eagle million public Acquisiti through a on merger with a blank-check vehicle backed by former Hollywood executives Harry Sloan and Jeff Sagansky 2020 AstraZenec Alexion $39 AstraZeneca's a Pharmaceu billion largest ever ticals deal to diversify away from its cancer business, betting on rare-disease and immunology drugs 2020 Bristol MyoKardia About $13 Bolster Myers billion Bristol's Squibb portfolio of heart disease treatments 2020 Gilead Immunomed $21 Strengthens ics billion Gilead's cancer portfolio 2019 Mylan Pfizer's About $12 Mylan's Upjohn billion acquisition business of Pfizer's Upjohn business was structured as a stock-based merger, resulting in the formation of Viatris . Upjohn was essentially spun off to Pfizer shareholders and then merged with Mylan 2019 AbbVie Allergan $63 AbbVie gains billion, control of $83 Botox and billion diversifies (includin its portfolio g debt) beyond its then-blockbus ter drug, Humira 2019 Pfizer Array $11.4 Pfizer gains Biopharma billion oncology asset 2019 Bristol Celgene $74 One of the Myers Corp billion largest Squibb pharmaceutica l mergers in history 2017 Johnson & Actelion $30 Johnson & Johnson's billion Johnson's subsidiary, Janssen Holding, acquires Actelion; Actelion's R&D unit spun off into Idorsia 2017 Gilead Kite $11.9 Strengthens Sciences Pharma billion Gilead's position in the field of cell therapy, particularly in CAR-T treatments for cancer 2016 Pfizer Medivatio $14 Pfizer n billion acquires blockbuster prostate cancer drug Xtandi 2015 Shire Baxalta $32 Catapults billion Shire to leading position in treating rare diseases 2015 AbbVie Pharmacyc $21 AbbVie gets lics billion access to what is expected to be one of the world's top-selling cancer drugs and expanding its reach in the profitable oncology field 2015 Valeant Salix $14.5 Makes Valeant Pharmaceut Pharmaceu billion a leader in icals (now ticals gastro-intest Bausch inal drugs Health) 2015 Pfizer Hospira $15 Deal creates billion leading global established pharmaceutica l business for Pfizer (Reporting by Puyaan Singh, Siddhi Mahatole and Mariam Sunny in Bengaluru; Editing by Shailesh Kuber and Devika Syamnath)
Trump backs Powell for now as Fed probe, hot inflation cloud rate path
Trump says he has “no plan” to fire Powell but leaves the door open as a Justice Department probe into the Fed’s $2.5b HQ renovation and stubborn inflation complicate the path to 2026 rate cuts. Summary Trump signals Powell stays “for now,” hinting the DOJ investigation into the Fed’s renovation and testimony could become grounds for removal despite legal limits on firing governors. Wholesale and consumer inflation remain above the 2% target, with core PPI near 3.5% and core CPI at 2.6%, pushing economists to see core PCE around 3% and delaying near‑term cuts. Fed officials are split: some see tariff-driven inflation fading and call for modest cuts, others argue for up to 150 bps of easing in 2026, while Kashkari warns against cutting too fast. President Donald Trump said he does not currently plan to fire Federal Reserve Chair Jerome Powell, despite an ongoing Justice Department probe into the central bank’s headquarters renovation and rising political pressure surrounding the Fed’s interest-rate decisions. Trump and Powell continue row “I don’t have any plan to do that,” Trump told Reuters in an interview published Wednesday. The president signaled that the investigation could alter his stance, saying it is “too early” to determine whether the findings might provide grounds to remove Powell. “Right now, we’re (in) a little bit of a holding pattern with him, and we’re going to determine what to do,” Trump said. “But I can’t get into it.” Federal law permits the president to fire Federal Reserve governors only for cause, not over policy disagreements, a provision that has drawn renewed scrutiny as the probe intensifies and Trump considers whom to nominate as the Fed’s next chair. The Justice Department recently served the Federal Reserve with grand jury subpoenas related to its $2.5 billion headquarters renovation and Powell’s congressional testimony about the project. Powell has accused the administration of using the investigation as a pretext to pressure the central bank over interest-rate policy. “This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions — or whether instead monetary policy will be directed by political pressure or intimidation,” Powell said Sunday. Trump dismissed Republican concerns that the investigation is intended to influence rate policy. “I don’t care,” the president said when asked about GOP lawmakers who called the probe politically motivated. “They should be loyal. That’s what I say.” Despite the controversy, Trump said he plans to nominate Powell’s successor “over the next few weeks,” even as Senator Thom Tillis, a retiring Republican on the Senate Banking Committee, has threatened to block Fed nominees until the investigation is resolved. Trump praised two potential candidates, White House economic adviser Kevin Hassett and former Fed Governor Kevin Warsh, calling them “very good.” The political turmoil comes as new inflation data suggests the Fed is unlikely to cut interest rates in the near term. Data from the Labor Department showed wholesale prices rising 3% in November and 2.8% in October, figures delayed by the recent government shutdown and released together on Wednesday. Core wholesale prices, excluding food, energy, and trade services, climbed 3.5% over the past year, the steepest increase since March. Economists noted that the reading was largely driven by upward revisions to September data. Consumer inflation remained elevated in December, with the core Consumer Price Index rising 2.6% year-over-year, matching its pace from September to November and staying above the Fed’s 2% target. Using the latest consumer and wholesale price data, Capital Economics economist Stephen Brown estimated that the Fed’s preferred inflation gauge, the core Personal Consumption Expenditures index, could rise to 3%, up from an estimated 2.8% in recent months. The Fed’s latest Beige Book report showed tariff-related cost pressures emerging across the economy. Some companies that had initially absorbed the added costs have begun passing them on to customers, though retailers and restaurants remain hesitant, according to the report. Businesses expect price growth to moderate later this year but remain elevated overall. Eight of the Fed’s 12 districts reported slight increases in activity in early January, with only one noting a small decline. Fed officials are analyzing the inflation data and diverging over how quickly price pressures will ease. Philadelphia Fed President Anna Paulson said she expects tariff-driven goods inflation to fade by mid-year and sees a “decent chance” that three-month inflation will fall back to 2% by year-end. She anticipates “modest further adjustments” to interest rates later this year. Fed Governor Stephen Miran projects a more aggressive path, forecasting 150 basis points of rate cuts in 2026, far above the median expectation for one 25-basis-point cut, arguing that a lower neutral rate and slower population growth will push inflation down. Minneapolis Fed President Neel Kashkari was more cautious, saying inflation is declining but its trajectory remains uncertain. He warned that cutting rates too quickly could unintentionally worsen inflationary pressures, particularly for lower-income households already strained by higher prices. “Overall, the economy seems quite resilient,” Kashkari said. “That makes me question how tight policy is right now.” The Fed is widely expected to hold rates steady at its Jan. 29-30 meeting, maintaining the current range of 3.5% to 3.75% as policymakers await clearer signals from both the economy and the White House, according to market analysts.
JPMorgan: Crypto market inflows expected to continue growing in 2026
According to Odaily, JPMorgan's latest report indicates that after reaching a historic high of approximately $130 billion in 2025, capital inflows into the crypto market are expected to further increase in 2026, with a year-on-year growth of about one-third. The analysis suggests that the new funds will be increasingly dominated by institutional investors. JPMorgan stated that further clarified crypto regulatory legislation in the United States, such as the Clarity Act, is expected to drive institutional adoption of digital assets, and stimulate VC investment, M&A, and IPO activities in areas including stablecoin issuers, payment companies, exchanges, wallets, blockchain infrastructure, and custody. The institution's estimates are based on a combination of indicators such as ETF capital flows, implied capital flows from CME futures, crypto VC fundraising, and Digital Asset Treasury (DAT) purchases.
Artificial intelligence fuels explosion in crypto fraud, losses top $17 billion
Last year, thieves who prey on digital currency set new milestones by robbing individuals worldwide of at least $14 billion. The figure, which reflects the worst year ever for this kind of crime, comes from Chainalysis, a business that monitors illicit behavior in the cryptocurrency space. Compared to 2024, when crooks stole $12 billion, the losses represent a substantial increase. The amount that each person is losing, however, is considerably more concerning. Victims lost an average of $782 last year. That amount increased by 253% to $2,764 per person this year. Researchers warn the final tally will probably go higher. As investigators find more fake digital wallets in the months ahead, the year-end numbers typically grow by about 24%. Criminals turn to AI for bigger paydays The adoption of artificial intelligence is the primary source of thieves’ increased profits. According to research from Chainalysis, scammers adopting AI technology are earning over $3.2 million per operation, whereas those using traditional techniques only generate about $719,000. The average daily income of fraudsters with AI capabilities is $4,838, more than ten times the $518 earned by businesses without AI. In July 2025, J.P. Morgan released a report that demonstrated how thieves are now using deepfake speech and video in romance scams and phony investment schemes called “pig butchering.” Thieves are able to complete more transactions faster than in the past since these convincing fakes make it almost impossible for victims to realize they are being duped. In December 2025, Brooklyn prosecutors charged 23-year-old Ronald Spektor with stealing $16 million from Coinbase users. The success of the scam is suggested by the claimed $250,000 in incentives given to a former Coinbase customer support employee who revealed information about 70,000 customers. Scammers used this insider information to pose as “support agents” and deceive victims into moving money into “safe” wallets that they actually controlled by making them believe their accounts were in danger. Police fight back Law enforcement agencies around the world are stepping up their efforts to keep pace. Will Lyne, head of the Metropolitan Police’s cybercrime unit, said organized crime is operating at a “pace and scale” unlike anything seen before—but emphasized that international cooperation is starting to pay off. “Through specialist capabilities and the effective use of digital intelligence,” Lyne told me, “we’re in a much stronger position to identify criminal networks, seize illicit assets, and disrupt activity that harms our communities.” Still, data from 2025 shows the challenge is growing. As AI becomes a widely used tool for fraud, it’s increasingly difficult to tell the difference between legitimate online services and sophisticated criminal traps. If you're reading this, you’re already ahead.
Bitcoin : Bitdeer becomes No.1… by changing the rules of the game
Bitcoin mining loves podiums. One number climbs, another falls, and the ecosystem tells itself a simple story. Except that in this industry, the way you count matters almost as much as the machines. And that’s exactly what makes the “Bitdeer moment” interesting. Bitdeer claims to have reached 71 EH/s of total hashrate “under management” at the end of December 2025. According to this metric, the company surpasses MARA, which reports 61.7 EH/s of “Energized Compute” and a fleet efficiency of 19 J/TH. The title of “largest Bitcoin miner” therefore depends first and foremost on the definition. En bref Bitdeer overtakes MARA with 71 EH/s, positioning itself as the No.1 in “managed hashrate”. However, the metrics are not the same: Bitdeer combines self-mining and hosting, while MARA reports an “energized” hashrate. Bitdeer is pushing its SEALMINER chips and accelerating its shift toward AI/HPC. Mining Bitcoin : A throne built on a definition Bitdeer does not just say “we mine bitcoin”. Bitdeer says: we manage. In its 71 EH/s, the company adds its self-mining (55.2 EH/s) and hosted machines (rigs operated for others). In its 71 EH/s, it combines self-mining and machines hosted for third parties, operated in its infrastructures. It’s a broad snapshot, almost “industry” level. MARA, on the other hand, highlights a stricter measurement. Its public reminder speaks of Energized Compute, meaning the hashrate actually powered, connected, active. The number is clean, readable, and it comes with another signal: the fleet’s energy efficiency. It’s another way to explain Bitcoin mining to the market. The result is strangely logical. We’re comparing two thermometers that don’t take the temperature in the same place. And Bitdeer gains a narrative advantage: imposing its “hashrate under management” indicator in the conversation already shifts the ranking rules. SEALMINER : the silent weapon Where Bitdeer really becomes dangerous is not just on one metric. It’s on technology. , and announces that the SEAL04-1 chip showed an efficiency of about 6–7 J/TH at the chip level during verification, in low power mode, with mass production targeted in Q1 2026. Put another way: Bitdeer wants to control more of its chain. To be less dependent on the ASIC market, to produce more, to integrate more. It’s a strategy that goes beyond “classic” Bitcoin mining. It’s no longer just about buying machines. It’s about the ability to decide the pace of fleet evolution. And the production figures serve as a showcase. Bitdeer states 636 BTC mined in December 2025, against 145 BTC in December 2024. The acceleration is clear. The important detail remains off-screen: how many machines, which generations, what energy cost. But the effect on the bitcoin narrative is immediate. The real match : AI, energy and treasury The setting has changed. Bitcoin mining is no longer the sole end in itself. Access to energy and buildings “ready for power” becomes a launchpad for HPC and AI. In this view, some miners are more willing to sell their production to finance infrastructures that will survive multiple cycles. Against this, MARA cultivates a different stance. The company highlights a reserve strategy, with over 50,000 bitcoin in treasury, presented as the result of a HODL approach and a structured accumulation. It’s another style: less “factory”, more “war chest”. And the market decides without sentimentality. On January 14, 2026, BTDR trades around $12.77 and MARA around $10.95. Bitdeer can win a managed hashrate title, while the real battle is played out on energy, chips, financial discipline… and the ability to stand tall when Bitcoin difficulty accelerates. Meanwhile, . Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
Brasileño Batista se reúne con autoridades en Washington y Caracas, busca acuerdos petroleros
Por Luciana Magalhaes SAO PAULO, 14 ene (Reuters) - El multimillonario brasileño Joesley Batista se reunió el viernes con Delcy Rodríguez, antes y después de tener encuentros en Washington con funcionarios estadounidenses, a quienes aseguró que la presidenta interina parece dispuesta a abrir la industria petrolera y gasífera de Venezuela a la inversión, dijo a Reuters una fuente. La firma energética Fluxus de la familia Batista, que ha consolidado activos sudamericanos desde su adquisición en 2023, está evaluando oportunidades de negocios en Venezuela, dijo la fuente, que habló bajo condición de anonimato. Fluxus y el holding de Batista, J&F, declinaron hacer comentarios. La diplomacia itinerante del multimillonario, cuya empresa empacadora de carne JBS tiene una importante presencia en Estados Unidos y ha hecho negocios en Venezuela, subraya su acceso en Washington y capitales de todo el continente americano. Su reunión con el presidente Donald Trump en septiembre ayudó a descongelar las relaciones de Estados Unidos con Brasilia, informó Reuters en ese momento. En pocas semanas, Trump destacó su "excelente química" con el presidente brasileño, Luiz Inácio Lula da Silva, y en pocos meses eliminó los elevados aranceles estadounidenses sobre muchos productos brasileños, como la carne de vacuno y el café. El viaje de Batista a Caracas el viernes, siguió a una visita en noviembre con el entonces presidente Nicolás Maduro, según dos personas familiarizadas con el asunto. Maduro fue detenido en una operación militar de Estados Unidos este mes para ser juzgado por cargos de narcotráfico. Esta vez, Batista tomó un avión privado de Washington a Caracas para reunirse con Rodríguez, y la encontró dispuesta a abrir el sector energético y mantener los compromisos con Estados Unidos, dijo la fuente. Batista voló de regreso a Washington y transmitió esa información a funcionarios estadounidenses. (Reporte de Luciana Magalhaes. Editado en español por Javier Leira)
Factbox-Biggest US retail collapses in recent years as Saks Global files for bankruptcy
Jan 14 (Reuters) - Saks Global filed for bankruptcy late on Tuesday, adding to a long list of high-profile retail collapses in the United States in the past decade as they struggled to stay alive amid cut-throat competition from big-box and online retailers. Saks Global is a conglomerate of department stores created after then parent, Hudson's Bay, acquired rival Neiman Marcus in 2024. Saks Global owns luxury chains Saks, Neiman Marcus and Bergdorf Goodman. Listed below are some of the biggest bankruptcies among American department stores: Company Filing date Details The high-end Saks Global January 2026 department store conglomerate filed for bankruptcy protection, marking one of the biggest retail collapses since the COVID-19 pandemic. Lord & August 2020 The storied department store Taylor chain filed for Chapter 11 bankruptcy during the coronavirus outbreak. Neiman May 2020 The luxury department store Marcus chain filed for bankruptcy protection and completed its Chapter 11 process in September that year. J.C. Penney May 2020 The department store chain filed for bankruptcy protection. In December 2020, the company said its retail and operating assets would exit Chapter 11 after two of its biggest landlords, Simon Property Group and Brookfield Asset Management, acquired nearly all such assets. Barneys New August 2019 The New York retail icon York filed for bankruptcy protection and put itself up for sale. A bankruptcy judge approved the sale of Barneys' brands and other intellectual property to licensing firm Authentic Brands, and the deal closed in November that year. Sears October 2018 The parent of Sears, Roebuck Holdings and Co and Kmart Corp filed for Chapter 11 bankruptcy following a decade of revenue declines, hundreds of store closures. The company's chairman, Eddie Lampert, prevailed in a bankruptcy auction for the store chain in January 2019, with an improved takeover bid of roughly $5.2 billion, allowing the retailer to keep its doors open. Here are some of the other big American retailers that also faced bankruptcy in recent years: Company Filing date Details Claire's August 2025 The fashion jewelry Stores retailer filed for bankruptcy protection for the second time, with a plan to close hundreds of stores and find a buyer for about 800 remaining locations. Rite Aid May 2025 The pharmacy retailer filed for bankruptcy for the second time in less than two years after a previous restructuring reduced its debt but failed to address its long-term business challenges. Joann January The craft retailer filed Fabrics 2025 for Chapter 11 protection in Delaware on Wednesday, saying that inventory shortages had forced it to back into bankruptcy for the second time in less than a year. Party City December The retailer, which had Holdco 2024 been struggling since the pandemic, filed for Chapter 11 bankruptcy protection in the United States for the second time in two years. Lugano November The jeweler filed for Diamonds 2025 Chapter 11 to facilitate a sale of the business. The company reached an agreement with investment firm Enhanced Retail Funding to become a stalking horse bidder, while it seeks additional bids amid the court-supervised sale process Bed Bath & April 2023 The home goods retailer Beyond filed for bankruptcy protection after it failed to secure funds to stay afloat. Christmas May 2023 The home-decor retailer Tree Shops that was spun off from Bed Bath & Beyond in 2020 filed for bankruptcy protection. A U.S. judge in August 2023 converted the bankruptcy to a Chapter 7 liquidation. Tailored August 2020 The Men's Wearhouse owner Brands filed for bankruptcy following the economic fallout from the COVID-19 crisis. In December 2020, Tailored Brands emerged from bankruptcy protection. Ascena July 2020 The owner of Ann Taylor Retail and Lane Bryant filed for Group Chapter 11 protection, succumbing to the economic fallout of the pandemic. Brooks July 2020 The men's apparel brand Brothers filed for Chapter 11 as the COVID-19 pandemic. The 200-year-old firm was acquired by Authentic Brands Group and Simon Property Group for $325 million in August 2020. J.Crew May 2020 The apparel chain filed Group for bankruptcy protection with an agreement to eliminate $1.65 billion of debt in exchange for ceding ownership to lenders. Forever 21 September The fast-fashion retailer 2019 filed for bankruptcy as the rise of competition from online sellers and the changing fashion trends dictated by millennial shoppers pulled down sales. The retailer's U.S. operating company filed for second bankruptcy in March 2025 and said it would wind down its domestic operations. Nine West April 2018 The footwear and apparel Holdings company emerged from bankruptcy process a year after it filed Chapter 11, reducing its pre-bankruptcy debt obligations by more than $1 billion and selling its Nine West and Bandolino footwear and handbag businesses to Authentic Brands Group for $340 million. Toys 'R' Us Sep 2017 The then-largest U.S. toy store chain and owner of Babies "R" Us filed for bankruptcy protection in late 2017, straining under a $2.5 billion debt pile. At the time, its bankruptcy was the biggest collapse of a U.S. retailer by assets since Kmart in 2002. (Reporting by Neil J Kanatt in Bengaluru; Editing by Sriraj Kalluvila and Janane Venkatraman)
Singapore Gulf Bank Taps J.P. Morgan for 24/7 USD Clearing Access
Story Highlights Singapore Gulf Bank partners with J.P. Morgan to gain direct USD clearing access, enabling faster, always-on cross-border payments for global businesses. By adopting J.P. Morgan’s Wire 365, SGB removes banking cut-off times, allowing near real-time USD settlements even on weekends and holidays. Singapore Gulf Bank (SGB), a fully licensed digital bank regulated by the Central Bank of Bahrain, has taken a major step in expanding its global payment capabilities by opening a correspondent banking account with J.P. Morgan. The move grants SGB direct access to J.P. Morgan’s established USD clearing network, strengthening its ability to deliver fast, secure, and reliable cross-border payment services to clients worldwide. Advertisement Based in Manama, SGB says the partnership is designed to support businesses and investors that rely on seamless international money flows, particularly across major financial corridors linking the Middle East, Asia, and global markets. Rolling Out Wire 365 for Always-On USD Clearing A key highlight of the collaboration is SGB’s adoption of J.P. Morgan Payments’ Wire 365 solution, making it one of the first digital banks in the MENA region to do so. Wire 365 enables USD clearing 365 days a year, removing traditional banking cut-off times and allowing near real-time settlement even on weekends and public holidays. With this capability, SGB can now receive and credit incoming USD payments without interruption. This significantly enhances service availability and offers clients greater flexibility to manage liquidity, optimize cash flows, and meet payment obligations without being constrained by standard banking hours. Strengthening Omnichannel Settlement Capabilities The new correspondent banking relationship complements SGB’s existing network of global payment systems, including its proprietary real-time settlement infrastructure, SGB Net. By combining traditional global payment rails with its advanced digital infrastructure, SGB aims to provide more comprehensive omnichannel settlement solutions. Also Read : , According to the bank, this integrated approach allows clients to manage global liquidity more efficiently while benefiting from improved speed, certainty, and security in cross-border transactions. Supporting Cross-Border Capital Flows The partnership is particularly relevant as capital flows between the Gulf Cooperation Council (GCC) region and Asia continue to expand. Improved USD clearing capabilities can help facilitate investment flows, trade financing, and treasury operations for corporates and institutions operating across these regions. “Joining J.P. Morgan’s global network allows us to offer clients a convenient route for USD clearing and ensures their capital moves with the speed, certainty, and security required in today’s global economy,” said Ali Moosa, Executive Vice Chairman of SGB. Backed by Global Financial Strength J.P. Morgan Payments processes more than $10 trillion in payments daily across over 160 countries and 120 currencies, bringing deep scale and reliability to the partnership. SGB, meanwhile, offers banking, digital asset management, and stablecoin settlement services, backed by Whampoa Group and Bahrain’s sovereign wealth fund, Mumtalakat. Together, the collaboration signals a push toward more continuous, always-on cross-border banking infrastructure. Never Miss a Beat in the Crypto World! Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more. Subscribe to News FAQs Does this change how quickly businesses can move USD funds across time zones? Yes. Always-on clearing reduces delays caused by weekends or regional banking hours, which is especially useful for firms operating across the GCC, Asia, and the U.S. This can lower operational friction in treasury and trade workflows. Are retail customers directly affected by this development? The impact is mainly indirect. While the setup targets corporates and institutions, improved backend settlement can lead to smoother international transfers and better service reliability for end users over time. How could this influence competition among digital banks in the MENA region? It raises the bar for infrastructure expectations. Other digital and regional banks may face pressure to secure similar correspondent relationships or always-on clearing capabilities to stay competitive. What are the next practical steps after opening a correspondent account? The focus typically shifts to onboarding clients, optimizing compliance and risk processes, and scaling transaction volumes. Over time, this may enable new payment products or expanded treasury services built on continuous settlement. Tags Crypto news
9 big takeaways for the 2025 tax season — and beyond
Tax season is officially here and, with it, a whole slew of new tax rules. The recently passed “One Big Beautiful Bill” Act introduced several notable provisions, along with permanent extensions of existing code in the 2017 Tax Cuts and Jobs Act (TCJA). But many taxpayers may not be aware of these nuances, and the new tax law is notoriously complex, experts say. Before digging in to file your returns, here are key changes and deadlines to know for the 2025 tax year — and what to watch out for in 2026. 1. Standard deduction sees bump as federal tax brackets become permanent Non-itemizers get a welcome boost to their deduction. For 2025, the standard deduction is $15,750 for single filers and married couples filing separately, $31,500 for married couples filing jointly and $23,625 for heads of households, according to the IRS. These amounts will continue to increase with inflation annually — a provision now codified into law. The IRS has already released standard deductions for tax year 2026: $16,100 (single filers and married couples filing separately); $32,200 for married couples filing jointly; and $24,150 for heads of households. Meanwhile, the OBBB made permanent the existing seven federal income tax brackets from the TCJA, said Anthony Kure, senior portfolio manager with Johnson Investment Counsel in northeast Ohio. 2. Seniors get a new deduction Taxpayers ages 65 and older can now claim an additional $6,000 deduction per person on top of the standard deduction. This means married couples can deduct up to $12,000 annually from their annual tax bill. "That’s a pretty big number, looking at $44,000 for a senior," said Joel Salas, a tax expert with JustAnswer and owner of Elevated Tax Strategies in San Antonio. The benefit phases out starting at $150,000 for married couples filing jointly and $75,000 for single filers. Kure noted this creates important planning opportunities for seniors. "If you are looking at things like Roth conversions you’ve got to include this, because if you phase yourself out of this extra enhanced deduction, you're effectively making that tax on the Roth conversion way higher." 3. SALT cap quadruples, but most taxpayers don’t benefit The OBBB temporarily increases the cap on state and local tax (SALT) deductions from $10,000 to $40,000 for 2025. However, the benefit phases out at a 30% rate for high earners making $500,000 a year. The SALT limit and income phaseout increases by 1% annually through 2029 before returning to $10,000 in 2030. Francine J. Lipman, law professor at the University of Nevada, Las Vegas, called it a "gift to higher income folks in high-cost states." "Most individuals who use the standard deduction amount, it's just not relevant," Lipman said, noting that only taxpayers who itemize get the benefit. 4. No tax on tips, overtime (with notable limits) President Donald Trump campaigned heavily on the promise of no taxes on tips and overtime. However, the new tax bill doesn’t eliminate them entirely. Instead, it allows eligible workers to deduct up to $25,000 in tips and $12,500 for overtime income. And because these are deductions, you have to file your taxes to get the benefit, Lipman noted. The tip deduction phases out starting at $150,000 for single filers and $300,000 for married couples filing jointly. Overtime follows the same phase-out structure, Salas said. There’s another major caveat: Married couples filing separately don’t qualify for either deduction. "There definitely is a penalty for married filing separately across the board," Lipman said, noting this affects multiple provisions in the new tax bill. 5. Families get higher child tax credit For 2025, the child tax credit increased to $2,200 per qualifying child, up from $2,000 in 2024. The child tax credit helps families with qualifying children reduce their tax burden. The credit phases out for unmarried parents with an annual income over $200,000 ($400,000 for married couples). But there's a catch: Both the child and the parent (or spouse if filing jointly) must have a Social Security number to claim the child tax credit. This new requirement in the OBBB could impact some immigrant and mixed-status families. While it’s one of the most significant family tax credits, the lump-sum payment comes as a tax refund rather than periodic payments, making it harder for families to budget, Lipman explained. 6. New auto loan interest deduction Taxpayers can now deduct up to $10,000 in auto loan interest annually for vehicles purchased in 2025 or later. However, the vehicle must have been assembled in the U.S. The deduction only applies to loans originated between 2025 and 2028, phasing out starting at $100,000 for single filers and $200,000 for married couples filing jointly, according to the IRS. The benefit may seem substantial at a glance, but Kure notes that “$10,000 of interest a year on a car loan at 7% would be like a $142,000 car.” Most borrowers pay far less in annual interest and may not benefit as much from the deduction. 7. Clean energy credits expiring Federal clean energy tax credits for electric vehicles (EVs), charging equipment and certain home improvements were nixed in the new tax bill. The expired EV credit — up to $7,500 for new electric vehicles and up to $4,000 for qualified pre-owned vehicles — ended Sept. 30, 2025. However, if you buy and install EV charging equipment, you may be eligible for a credit of up to $1,000 of those expenses through June 30, 2026, Kure said. Meanwhile, the energy efficient home improvement credit and residential clean energy credit both expired Dec. 31, 2025. 8. New rules for charitable giving Itemizers in 2026 will face a 0.5% adjusted gross income floor on charitable giving deductions. In other words, someone earning $200,000 in adjustable gross income who donates $10,000 to charities in 2026 cannot deduct the first $1,000 but can deduct the remaining $9,000, according to the Tax Foundation. However, non-itemizers can now deduct up to $1,000 ($2,000 for married couples) in cash donations to public charities starting in 2026 — an above-the-line deduction requiring no itemization. 9. Some student loan forgiveness now taxable Student loan forgiveness under income-driven repayment plans used to be tax-free. However, the OBBB changed all that as of Jan. 1, 2026. “If you do qualify for forgiveness starting now, you get taxed on that student loan forgiveness, which is a nasty tax surprise," Lipman said. However, Public Service Loan Forgiveness (PSLF) and school fraud-related forgiveness remain tax-free. Key 2026 deadlines for 2025 tax filing season Whether you’re hiring a professional or going the DIY route, here are important tax deadlines to add to your calendar. Quarterly estimated taxes: Due Jan. 15 (for Q4 2025), April 15 (for Q1 2026), June 15 (for Q2 2026) and Sept. 15 (for Q3 2026) Jan. 26, 2026: IRS begins accepting 2025 individual tax returns April 15, 2026: Tax filing deadline; also deadline for IRA/Roth IRA/HSA contributions for 2025 tax year Sept. 15, 2026: S-corporation and partnership extension deadline Oct. 15, 2026: Individual extension and C corporation extension deadline Finally, many taxpayers will see larger-than-expected refunds for 2025, but it will be an outlier, Salas cautioned. "We're going to see inflated refunds that's very temporary for this season," Salas said, adding that employers withheld at higher 2024 rates throughout most of 2025 before mid-year tax law changes took effect. "Don't get used to a $6,000 refund," Salas said, noting that withholding tables will adjust for 2026. Salas recommends that higher-income earners and business owners consult tax professionals to see if they’re maximizing the new tax rules to their benefit. Meanwhile, other taxpayers should carefully review their returns to understand which benefits actually apply to their situation — especially if they don’t plan to itemize.
Appetite for weight-loss deals broader than visible, Viking CEO says
By Puyaan Singh Jan 12 (Reuters) - Weight-loss drug developer Viking Therapeutics CEO said on Monday that strategic interest in weight-loss drug deals is broader than it appears, as drugmakers seek to tap into the potential $150 billion market. Pharmaceutical companies are targeting the booming weight-loss drug market, which analysts estimate could exceed $150 billion annually by the end of the decade. Key growth drivers include expanded clinical applications, wider patient adoption, improved drug manufacturing capacity, and a pipeline of next‑generation therapies. "I think the interest is probably broader than is visible ... more parties sort of circling around the space and very intrigued," Viking CEO Brian Lian said at the J.P. Morgan healthcare conference. Last November, Pfizer acquired Metsera for $10 billion, gaining a foothold in the fast-growing market following a fierce bidding war with Novo Nordisk. Lian said pharmaceutical companies are trying to determine how to approach obesity treatments - whether to pursue a new drug compound in early-stage development, which could come at a lower price point, or opt for "something proven", which may be more expensive. During Viking's third-quarter earnings call in October, Lian said the company is open to outside interest, which he would prefer, but emphasized that the drug developer is prepared to go alone if necessary. (Reporting by Puyaan Singh in Bengaluru; Editing by Sherry Jacob-Phillips)
Fed Independence Threatened as JPMorgan Trading Unit Cautious on US Stocks
BlockBeats News, January 12th. J.P. Morgan's Securities Trading Division stated that the recent impact of the Trump administration on the Fed's independence poses a threat to the U.S. stock market, at least in the short term. News of a criminal investigation into the Fed rocked the U.S. market on Sunday night, leading to a drop in stock index futures and the U.S. dollar, with funds flowing into safe-haven assets such as gold. J.P. Morgan's Global Market Insights Director Andrew Taylor said, "Despite macro and corporate fundamentals supporting a tactically bullish stance, the risk to the Fed's independence has created a suppressive factor at the market's top end, so we remain cautious in the very short term. The risk to the Fed's independence could drive U.S. markets to underperform in the short term." (FXStreet)
Factbox-Global companies that have sued the US government for tariff refunds
Jan 9 (Reuters) - Thousands of companies around the world have filed lawsuits challenging U.S. President Donald Trump's sweeping tariffs and sought refunds on duties paid. The U.S. Supreme Court may release opinions in argued cases on Friday. The court does not announce ahead of time which rulings it intends to issue. Any decision on tariffs will focus on the legality of levies on goods imported from several trading partners, including China, India and Brazil, that Trump has imposed by invoking a 1977 law meant for use during national emergencies. Company executives, customs brokers and trade lawyers are bracing for a ruling, and a potential fight over obtaining perhaps $150 billion in refunds from the U.S. government for duties already paid by importers if he loses. Here are some of the major companies that have filed cases against the administration so far: Company Date Filed Details J Crew January 6, The New York-based company sought Group 2026 similar protections as Dole Fresh, including a full refund of tariffs paid under the IEEPA to date. Dole January 2, Filed a lawsuit to seek a Fresh 2026 declaration that tariffs under IEEPA Fruit were unlawful, a full refund for all Company tariffs under the order paid to the U.S., and an injunction to prevent imposition of future tariffs under the order. Goodyear December Filed a protective Tire & 10, 2025 lawsuit at the U.S. Court of Rubber International Trade (CIT) Company challenging the tariffs imposed under emergency powers, and sought a right to a refund and an injunction preventing further tariffs under the IEEPA. BorgWarne December The auto parts maker filed a lawsuit r 12, 2025 asking for the CIT to hold the tariffs imposed under IEEPA unlawful, and sought protection for its right to a complete refund of tariffs paid, according to a court filing. GoPro December Filed a protective suit at the CIT 24, 2025 to challenge Trump’s IEEPA‑based tariffs and secure refunds of duties paid on imported camera equipment. Costco November Sued the U.S. government Wholesale 28, 2025 to ensure it will receive refunds if the Supreme Court rejects President Donald Trump's bid for sweeping authority to impose tariffs. EssilorLu November Filed to overturn xottica 26, 2025 sweeping IEEPA tariffs and preserve refund rights as duties on imported frames and lenses became costly under the emergency tariff regime. Alcoa November Joined wave of importers 26, 2025 challenging IEEPA tariffs, seeking a declaration the duties are unlawful and demanding refunds of all amounts paid. Toyota November Filed protective suits subsidiar 21, 2025 to challenge the legality of IEEPA ies tariffs and ensure access to refunds. Bumble November Argued trafficking‑based and Bee Foods 18, 2025 reciprocal tariffs were unlawful under IEEPA and requested full reimbursement of duties. Revlon November Sought to suspend liquidation and 14, 2025 recover tariff payments, arguing IEEPA does not authorize the sweeping tariffs imposed by the administration. Kawasaki November Sued to contest Motors 13, 2025 emergency tariff orders and avoid Manufactu losing refund rights ahead of ring Corp liquidation. USA & affiliate s Yokohama November Filed to challenge IEEPA Tire 10, 2025 tariffs and seek refunds, arguing duties were imposed without legal authority. Yamazaki November Challenged emergency Mazak 10, 2025 tariffs that increased costs for imported machinery, seeking refunds and declaratory relief. Source: Court filings (Reporting by Sanskriti Shekhar and Juveria Tabassum in Bengaluru; Editing by Sweta Singh and Saumyadeb Chakrabarty)
J.P. Morgan is planning to launch a digital wallet this year to support tokenized assets
BlockBeats News, January 9th, Morgan Stanley plans to launch a digital wallet later this year to support tokenized assets.
Bitget Aims to Be Universal Exchange by 2026
Bitget targets a universal exchange model by 2026. AI tools and compliance drive its strategic vision. CEO compares future role to next‑gen J.P. Morgan. Bitget’s CEO Gracy Chen recently shared the exchange’s bold roadmap for 2026: to evolve into a Bitget universal exchange that integrates advanced AI, strong regulatory compliance, and global expansion. Chen’s comments signal a shift from a traditional trading platform toward a broader financial ecosystem that can serve diverse user needs across crypto and beyond. This transformation reflects how major centralized exchanges are thinking ahead as competition rises and markets mature. Bitget wants to differentiate through technology and trust. Leading with AI Tools A core part of Bitget’s plan is leveraging AI to enhance user experience and operational efficiency. From smarter trading assistance to better risk analysis and personalized insights, the exchange aims to incorporate AI tools across its platform. For users, this could mean easier decision‑making, improved automation, and a more adaptive interface tailored to conditions and individual goals. Chen’s emphasis on AI also highlights a broader trend in crypto: savvy use of technology as a competitive advantage. Integrating machine learning and intelligent systems can help Bitget stay ahead in a fast‑moving landscape. ⚡️ UPDATE: Bitget’s 2026 goal is to build a universal exchange, lead with AI tools, expand with compliance, and grow into a next-gen J.P. Morgan, says CEO Gracy Chen. — Cointelegraph (@Cointelegraph) Compliance and Next‑Gen Financial Role Compliance is another pillar of the Bitget universal exchange strategy. With regulators tightening standards globally, Bitget’s expansion plans hinge on building relationships with authorities and aligning operations with legal frameworks across regions. This focus aims to reduce friction, attract institutional partners, and instill confidence among retail and professional users alike. Chen even compared Bitget’s long‑term ambitions to becoming a “next‑generation J.P. Morgan” — a nod to the desire to be a trusted, comprehensive financial infrastructure provider in the crypto era. While that’s a lofty metaphor, it underscores Bitget’s confidence in its roadmap and its aspiration to be more than just an exchange. What This Means for Users For traders and investors, Bitget’s 2026 vision could translate into: More integrated financial services beyond spot and derivatives trading. Tools powered by AI to support smarter trading and portfolio management. A platform designed with compliance and global access in mind. As the crypto industry evolves, Bitget’s strategy may serve as a case study in how exchanges adapt to both technological innovation and regulatory realities.
JPMorgan to issue its JPM stablecoin directly on privacy-focused Canton Network
J.P. Morgan’s blockchain business unit, Kinexys, and Digital Asset announced plans to bring the bank‑issued USD deposit token JPM Coin (JPMD) natively to the Canton Network, a privacy‑enabled public blockchain for synchronized financial markets. The move signals a growing institutional shift toward real‑time, interoperable digital money that can settle alongside tokenized assets and smart contracts, the companies said on Wednesday. Major market infrastructure provider the Depository Trust & Clearing Corporation recently selected the Canton Network for tokenization of traditional finance instruments, illustrating real institutional support for blockchain‑based settlement. Institutions participating in 24/7 U.S. Treasury financing on Canton have also used tokenized assets to settle transactions outside traditional market hours, underscoring the network’s potential for continuous, synchronous markets. JPM Coin represents U.S. dollar deposits held at J.P. Morgan and lets institutional clients make payments using a digital token on distributed ledgers. By issuing JPMD directly on Canton, the two firms aim to expand regulated, interoperable digital money that institutions can issue, transfer, and redeem within a secure, synchronized ecosystem, according to the release. Yuval Rooz, co-founder and CEO of Digital Asset, said in a statement that the collaboration delivers “regulated digital cash that can move at the speed of markets,” positioning the initiative as a bridge between traditional finance infrastructure and digital ledger technology while maintaining privacy and compliance. Naveen Mallela, global co‑head of Kinexys by J.P. Morgan, said JPM Coin on Canton can increase efficiency and unlock liquidity through near‑real‑time blockchain transactions. The integration will unfold in phases throughout 2026. The initial focus is establishing the technical and business frameworks to support JPM Coin issuance, transfer, and near‑instant redemption directly on the Canton Network. The collaboration will also explore connecting additional Kinexys Digital Payments products, such as J.P. Morgan’s Blockchain Deposit Accounts, to the ecosystem. The Canton Network is governed by the Canton Foundation with participation from global financial institutions and supports real‑time, compliant settlement across multiple asset classes on a shared infrastructure. JPMorgan did not immediately respond to a CoinDesk request for comment.
Lighter US Stock Perpetual Futures Market is now live on the mainnet, with plans to transition to 24/7 trading.
Foresight News reported that Sebastián J., Head of Marketing at Lighter, announced on Discord that its Equity Perps (US stock perpetual contracts) market is now live on the mainnet and open 24 hours a day, five days a week (Monday to Friday, closed on weekends). Previously, these markets only followed US trading hours. These markets are about to achieve round-the-clock trading.
J.P. Morgan Submits Solana Trust S-1 Filing
BlockBeats News, January 6th, according to market sources, Morgan Stanley has submitted a Solana Trust S-1 application file to the US SEC.
Crypto company Alt5 Sigma, linked to the Trump family, fires its auditor less than three weeks after hiring
PANews, December 30 — According to Bloomberg, Alt5 Sigma, a small fintech company linked to the Trump family crypto project, dismissed its auditor Victor Mokuolu CPA PLLC on Christmas Day, less than three weeks after hiring the firm. This marks the latest sign of turmoil at the company. According to regulatory filings submitted on Monday, its new auditor is L J Soldinger Associates LLC, headquartered in Deer Park, Illinois. In a letter attached to the regulatory filing submitted to the US SEC on Monday, Victor Mokuolu CPA PLLC confirmed it is no longer the company's auditor and stated there was no disagreement with Alt5's announcement. Alt5's appointment of L J Soldinger Associates as its new auditor means the company has changed auditors three times in less than two months. According to related documents, Hudgens CPA, which had provided audit services since 2023, resigned in late November due to the impending retirement of its sole partner. Previously, Alt5 missed the deadline to submit its quarterly financial statements due to untimely responses from its audit firm. On Monday, managing partner William Hudgens stated that he has not retired, but the firm is planning to exit the public company audit business and had informed Alt5 of this plan in June. In early December, Hudgens also said the company unfairly made his firm a "scapegoat" for its internal issues.
Bitcoin Whales Woke Up in 2025 and Moved Billions in BTC—Here's Why
In brief Bitcoin whales started selling this year, some after a decade or more of holding BTC. The biggest sale from a Satoshi-era investor tallied $9 billion worth of Bitcoin. The sales have started to put downward pressure on the leading cryptocurrency's price. Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENE This was the year the Bitcoin whales woke up. As the price of the leading cryptocurrency soared to new heights, longtime holders started making moves to the tune of billions of dollars. Selling from O.G. "HODLers" began after the leading cryptocurrency finally hit the mythical $100,000 mark for the first time in December 2024. Whales then briefly slowed their sales before, but started shifting coins again in the summer and in October, according to blockchain data, helping contribute to declining prices. "This year, Bitcoin has seen an unprecedented amount of coins change hands," CryptoQuant analyst J.A. Maartun told Decrypt . "I call this the 'great redistribution,' during which Bitcoin held by long-term holders has been transferred to new owners in several waves." Strictly speaking, a whale is usually defined by an entity that holds 1,000 BTC—worth $86 million as of December 15—or more. But some experts in the space (especially on Crypto Twitter) use the term to refer to any wealthy holder. Why move now? Whales started shifting coins after BTC hit the long-awaited $100,000 mark, experts told Decrypt . After holding for more than 10-12 years, people—or companies that were early to mining Bitcoin—were eager to cash in on gains after a decade or more of patience. In fact, the heavy selling has almost always taken place when BTC was riding high. "The first wave occurred at the end of 2024 and the beginning of 2025, followed by another in July 2025 and a third in November 2025," J.A. Maartun added. "During the first two waves, there was simultaneous demand from the ETFs. This created a balance between supply and demand—actually, demand was slightly stronger, which pushed the price up on both occasions." Whales selling to take advantage of Bitcoin’s enormous price surge may only be one part of the puzzle, however. Another reason that some whales may have finally moved their coins may be the rise of digital asset treasuries, following the model of pioneer Strategy (formerly MicroStrategy). Digital asset treasuries got hot this year, with companies stockpiling Bitcoin and other coins as a way to try and beat inflation or boost their stock prices—though the latter was typically short-lived. Some experts pointed to BTC whales reactivating this year because they're being asked to contribute their coins to newly formed digital asset treasuries. The biggest whale sale Crypto market observers were dumbfounded in July after a mysterious Bitcoin whale started moving 80,000 BTC after holding the coins for 14 years. The price of the asset then was nearly $108,000 at that point. Rumors swirled over who it could be before institutional crypto firm Galaxy said that it had sold the stash for an unnamed Satoshi-era investor. Galaxy said that "it was one of the largest notional Bitcoin transactions in the history of crypto on behalf of a client," and "one of the earliest and most significant exits from the digital asset market." The whale cashed in on nearly $9 billion at the time. But the sale didn't actually hurt the market much at all. Galaxy Digital CEO Mike Novogratz revealed that top Bitcoin treasury Strategy and other firms wanting to put BTC on their balance sheet snapped up the giant whale's coins when they hit the market, rapidly absorbing the potentially negative impact on prices. Bitcoin's price may have held steady with all the selling and subsequent buying earlier this year, but the leading cryptocurrency has been trending down of late. After setting a new peak above $126,000 in early October, Bitcoin has fallen sharply, sitting at a price around $86,000 as of December 15—down more than 30% from the peak. The usual four-year market cycle would suggest a bear market is ahead, but many analysts believe that market dynamics have changed and further gains could be on the horizon for 2026. Things could be different this time, CryptoQuant founder and CEO Ki Young Ju told Decrypt , noting that the expected path from previous cycles may not unwind the same way. "Traditionally, this would signal the end of a bull cycle, and whale selling is still very active," he said, before adding, "However, the old cycle theory may not fully apply anymore, since the profit-taking dynamic has shifted from ‘whales to retail.’” "New liquidity channels such as exchange-traded funds and digital asset treasuries make the cycle structure more complex,” he added.
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