FDIC Vice Chair Travis Hill criticized past federal actions limiting banks' crypto involvement, calling for an end to restrictive practices like "pause letters" and Operation Chokepoint. He urged clearer guidelines for banks engaging with digital assets and better collaboration with the crypto sector. Hill emphasized balancing innovation with risk management, addressing concerns over regulatory overreach. His comments follow Coinbase's lawsuit against the FDIC, alleging unfair targeting of crypto. Hill also highlighted the need to reform Bank Secrecy Act enforcement to reduce banks' fear of penalties and account closures. Industry leaders and political figures support these changes.

European crypto ETPs saw significant inflows in H2 2024, reflecting growing retail investor confidence in Bitcoin and digital assets. ETPs like ETFs and ETNs offer regulated, convenient exposure to crypto without direct ownership, bridging traditional and decentralized finance. Europe leads in crypto ETPs, with MiCA providing regulatory clarity and fostering trust. However, excessive regulation risks stifling innovation. Collaboration between regulators and industry is key to balancing investor protection with growth. US crypto-friendly policies under Trump could spur Europe to refine its approach, driving global ETP adoption and innovation.

Fantom (FTM) is struggling to recover, up 3% in 24 hours but down 20% over the past week. ADX at 31.4 shows a weakening downtrend, hinting at possible consolidation. Whale activity has dropped sharply, with wallets holding 1M-10M FTM falling to 69, the lowest since Nov 2024. Key support at $0.618; if broken, $0.50 could follow. Resistance at $0.879; a breakout could target $1 or $1.05. Whale exits and market uncertainty pose challenges for recovery.

Bybit, the 2nd-largest crypto exchange by volume, will suspend trading services in India on Jan 12 due to regulatory changes. Users can still withdraw funds. Bybit aims to secure a Virtual Digital Asset Service Provider license in the coming weeks. India’s crypto regulations have tightened, with authorities cracking down on tax compliance and advocating for CBDCs over private cryptocurrencies. Despite challenges, India ranks in the top 10 for global crypto adoption. Bybit has faced similar issues in France and Japan.

Solana (SOL) price dropped nearly 11% in 7 days, falling below $200 after failing to break $220 resistance. Whale activity shows renewed accumulation, with large holders increasing positions over the past 5 days. ADX at 42.6 signals a strong downtrend, with selling pressure dominating. Key support at $185; if broken, $176 could follow. Resistance at $197; a breakout could target $211. Whale accumulation hints at potential recovery despite bearish momentum.

Asia dominates global crypto, with 60% of users and the largest share of liquidity. 5 Asian nations rank in the top 10 for crypto adoption. Asia leads in CEX traffic (37.1%), while North America tops DEX usage. Singapore processed $1B in crypto transactions in Q2 2024. Despite bans, China’s crypto market thrives via OTC trading, DeFi, and meme coins. Asia’s young, risk-tolerant investors drive innovation in DeFi, GameFi, and infrastructure.

James Howells lost his legal battle to excavate a landfill for a hard drive containing 8,000 Bitcoin (now worth $770M). The judge dismissed the case, citing no realistic chance of success. Howells’ misfortune echoes Bitcoin Pizza Day, where 10,000 BTC bought two pizzas in 2012—now worth $708M. Both stories highlight Bitcoin’s meteoric rise since 2009.

dogwifhat (WIF) price dropped 15% in 24 hours, falling below $1.60 for the first time in 4 months. RSI at 17.8 signals oversold conditions, hinting at potential recovery if buyers return. ADX surged to 43.7, indicating strong bearish momentum. Key support at $1.32; if broken, $1.07 could follow. Resistance at $1.73; a breakout could target $2.2. Meme coin sentiment will dictate WIF’s next move.

SPX6900 (SPX) price surged 25% in 7 days but dropped 15% in 24 hours amid a meme coin correction. RSI at 33.4, near oversold levels, hints at potential recovery if buying returns. BBTrend at 17.1 shows weakening bullish momentum. Key support at $0.937; if broken, $0.819 or $0.615 could follow. Resistance at $1.64; a breakout could reignite bullish trend.

Hyperliquid (HYPE) price fell 15% in 7 days, dropping to 25th place with a $6.8B market cap. DMI shows bearish momentum, but BBTrend hints at stabilization. Key support at $14.99; if broken, $12 could be next. Resistance at $22; a breakout could target $29+. Renewed investor confidence is needed to reverse the downtrend.

A Bitwise survey reveals growing crypto adoption among US financial advisors, with 56% more likely to invest post-2024 elections. 22% of advisors allocated crypto in client portfolios in 2024, up from 11% in 2023. 96% reported client interest, and 99% plan to maintain or increase crypto allocations in 2025. Despite rising enthusiasm, only 35% of advisors can directly purchase crypto for clients. Regulatory concerns are easing, with 50% citing challenges in 2024, down from 60-65% previously. Crypto equity ETFs remain the preferred investment vehicle.

Hedera (HBAR) price dropped 12.5% in 24 hours, with $1B trading volume. Bearish indicators like declining ADX (27.9) and Ichimoku Cloud suggest a strong downtrend, but weakening momentum hints at possible consolidation. HBAR trades below the cloud, indicating resistance. Key supports at $0.27 and $0.26; if broken, $0.23 could be next. Recovery could target $0.30 resistance, with potential gains to $0.32 or $0.338 if bullish momentum returns.

Portugal’s Banco de Investimentos Globais (BiG) has blocked fiat transfers to crypto platforms, citing compliance with EU and national regulations. This contrasts with other Portuguese banks still allowing such transfers. Portugal’s shift from a crypto tax haven to stricter oversight includes a 28% tax on short-term gains. While BiG’s move stands out, other EU countries like the Czech Republic, France, and Germany are embracing crypto, with MiCA providing regulatory clarity. BiG’s decision may push more users toward DeFi.

Ethena (ENA) price dropped 18% in 24 hours, pushing its market cap below $3B. RSI at 26.4 (lowest since Aug 2024) signals oversold conditions, hinting at a possible rebound. CMF at -0.19 shows slight recovery but remains bearish. Key support at $0.89; if broken, $0.75 could be next. Resistance at $1.01; a breakout could target $1.12 or $1.31.

A 24-year-old Dutch law student was arrested for allegedly running crypto scams, defrauding ~300 people of €4.5M ($4.6M). Victims claim he operated a Ponzi scheme, taking 50% of profits as fees. Crypto fraud hit $2.3B in 2024, up 40% from 2023, with scams like fake tokens, phishing, and AI-driven schemes on the rise. Stronger safeguards are urgently needed.

Donald Trump’s new NFT collection, “Trump Bitcoin Digital Trading Cards,” launched on Bitcoin via Ordinals. The first 160 pieces are live, with buyers of 100 cards from the “Mugshot Edition” able to claim them on Magic Eden. This marks Trump’s Bitcoin NFT debut, following earlier collections like “America First.” 29% of the new series is already minted. Despite 2024’s $8.8B NFT sales, challenges like oversaturation persist, with 98% of collections seeing little activity.

Celestia (TIA) price has dropped over 15% in 24 hours and 40% in 30 days, with a $2.2B market cap. Bearish signals dominate, including a death cross, suggesting further downside. Key support at $4.54 holds, but recovery requires breaking $5.50 resistance. ADX at 35.2 confirms a strong downtrend, with sellers in control. Ichimoku Cloud also reflects bearish momentum. If $4.54 breaks, TIA could test $4.10.

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Czech National Bank governor Aleš Michl considers Bitcoin for foreign reserves, calling it a diversification option. No official plans yet, but the convo is heating up. Czech Republic also plans crypto tax reforms, exempting long-term holdings. Globally, interest in Bitcoin reserves grows, with US, Switzerland, and Russia exploring similar moves.

PENGU price has dropped ~10% in the last 24 hours after becoming Solana’s biggest meme coin. Despite its popularity, momentum has slowed, with technical indicators suggesting potential consolidation or further downside. RSI has fallen sharply from 70 to 52.3, indicating reduced buying pressure. If hype reignites, PENGU could regain upward momentum and test key resistance levels. Current RSI suggests short-term consolidation, while ADX shows a rising trend strength. If bearish momentum intensifies, PENGU could test $0.034 support, with $0.0296 and $0.0251 as key levels. Conversely, renewed hype could push PENGU above $0.05.