Strategy BTC and Bitmine ETH Purchases
- Strategy (formerly MicroStrategy) announced that it purchased 22,305 Bitcoin for $2.13 billion.
- BitMine Immersion Technologies announced that its current crypto portfolio includes 4,203,036 ETH, 192 BTC, $23 million worth of Eightco Holdings shares, and $988 million in free cash. The company added another 35,268 ETH to its portfolio last week.
Bessent Criticizes the Fed
U.S. Treasury Secretary Bessent stated that the Fed lost billions of dollars due to mistakes in the timing of its asset purchases. He said he thought it was wrong for Powell to attend the Cook hearing at the Supreme Court and emphasized the critical importance of the Fed’s monetary policy independence. Trump is expected to decide on a Fed chair nominee as early as next week. He also noted progress toward President Trump’s goal of reducing the budget deficit to 3% of GDP before the end of his term.
Coinbase Davos Agenda
Coinbase CEO Brian Armstrong will participate in drafting U.S. crypto market legislation at Davos. The aim is to ensure stablecoins provide a level playing field and to report the process to the Senate and the government. He had previously withdrawn his support due to the bill’s prohibition on paying interest on idle stablecoin balances.
Coinbase Institutional Partnerships
Coinbase Institutional Co-CEO Brett Tejpaul announced integration efforts with PNC Bank, JPMorgan, and Standard Chartered. A broad set of services covering crypto trading, custody, financing, and storage will be offered. With tokenization covering stocks, bonds, and funds, crypto adoption on the institutional side is increasing.
WLFI Community Criticism
The Trump family’s crypto project, World Liberty Financial ($WLFI), accepted the $USD1 growth proposal, trusting the team’s wallet. Community criticism was directed at the project because locked token holders could not participate in the vote. The top nine wallets accounted for approximately 59% of the total voting power, and 75% of the net revenue distribution will go to the Trump family and 25% to the Witkoff family.
Vanguard Strategy Purchase
Vanguard Group Value Index Fund (VVIAX) announced that it purchased 1.23 million shares of Strategy ($MSTR), valued at approximately $202.5 million. This marks the fund’s first investment in Strategy shares.
Trump Family’s Crypto Wealth
Bloomberg reported that approximately one-fifth of the Trump family’s total wealth consists of crypto assets. Last year, crypto assets generated $1.4 billion in new gains for the family. Trump’s social media company, crypto platforms, and meme coin investments played a significant role in the wealth increase.
Wintermute 2026 Market Outlook
Wintermute announced that the expected market rise in 2025 did not materialize and that several large companies absorbed most of the new capital. In 2026, market participation may increase depending on ETFs and DATs, the rise of Bitcoin or Ethereum, and retail investor interest.
ETHGas GWEI Airdrop
The ETHGas Foundation announced that the GWEI token airdrop participation website is now live. Reward claims will begin on January 21 at 9:00 PM Beijing time. Eligibility will be determined based on Ethereum mainnet gas usage and social participation under the Gasless Future Community Plan.
