Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong expressed concerns on Wednesday over the competitiveness of dollar-pegged stablecoins in light of China’s decision to pay interest on its central bank digital currency.

Armstrong Questions Policymakers

In an X post, Armstrong argued that China’s move to pay interest on its official digital currency, Digital Yuan, gives it a “competitive advantage.”

“Rewards [or even paying interest] benefits ordinary people just like community lending does. We have to let the market do both,” Armstrong said.

The cryptocurrency mogul said the U.S. is “missing the forest through the trees” and risks losing the competitive edge if…

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Tyler Winklevoss, co-founder of Gemini Space Station, Inc. (NASDAQ:GEMI), slammed the state of California and Governor Gavin Newsom on Wednesday for approving a bill that lets authorities take control of unclaimed cryptocurrency.

Winklevoss Targets Newsom

In an X post, Winklevoss alleged that the “failed state” of California wants to “steal” the Bitcoin (CRYPTO: BTC) that people had held for long periods.

The cryptocurrency mogul said that the state administration is trying to feed its “money pit grift machine” with the move.

Notably, Tyler and his twin brother Cameron are primarily based in New York City, where Gemini and their venture capital firm, Winklevoss Capital…

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The official X account tied to meme cryptocurrency Dogecoin (CRYPTO: DOGE) celebrated the rescue of a German Shepherd on Wednesday after a community member was initially stopped from adopting the dog.

Dogecoin Community To The Rescue Of Sherman?

Dogecoin credited community pressure for the release of the dog, named “Sherman.”

“We did it,” the handle wrote. “People power works.”

The controversy began when Doge Van, a well-known member of the DOGE community and dog rescuer, claimed that the Downey Animal Shelter in Los Angeles canceled the adoption, citing a “clerical error” on Sherman’s aggression status.

Doge Van denied that the dog was “aggressive,” adding that the…

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President Donald Trump-backed World Liberty Financial announced Wednesday that it has applied for a U.S. national banking license to issue and custody its dollar-pegged World Liberty Financial USD (USD1) stablecoin.

A Federally-Regulated Stablecoin Bank?

The decentralized finance platform stated that its subsidiary, WLTC Holdings LLC, applied to the Office of the Comptroller of the Currency to establish World Liberty Trust Company, National Association, a banking entity designed for stablecoin operations.

The proposed trust company is designed to serve institutional clients, including cryptocurrency exchanges, market makers and investment firms. Besides issuing and redeeming the $2.8…

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Leading cryptocurrencies fell alongside stocks on Wednesday as investors cashed out following recent rallies.

CryptocurrencyGains +/-Price (Recorded at 8:20 p.m. ET)Bitcoin (CRYPTO: BTC)-1.56%$91,305.82Ethereum (CRYPTO: ETH)               -2.97%$3,170.13XRP (CRYPTO: XRP)                         -5.03%$2.17Solana (CRYPTO: SOL)                         -2.55%$136.82Dogecoin (CRYPTO: DOGE)                         -1.02%$0.1468Bitcoin Falls Below $91,000

Bitcoin slipped below $91,000 in afternoon trading before paring some losses overnight. Trading volume for the apex cryptocurrency plunged 22% over the…

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Dogecoin (CRYPTO: DOGE) surged 30% over four days, while Shiba Inu (CRYPTO: SHIB) rallied 27% in its strongest January performance since 2023, outperforming Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and XRP (CRYPTO: XRP).

DOGE ETFs Drive Institutional Demand

The Grayscale DOGE Spot ETF (NYSE:GDOG) and Bitwise DOGE Spot ETF (NYSE:BWOW) saw explosive demand in early January after months of flat activity.

Daily net inflows spiked to $1.60 million on January 5 and $2.90 million on January 2, marking the first significant institutional buying since the ETFs launched in late 2025. 

Cumulative total net inflow across DOGE spot ETFs reached $6.24 million as of January 6, with nearly all of…

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Bitcoin is holding above the $90,000 level as traders lock in profits following last week’s rally and a rejection at key resistance.

Notable Statistics:

Coinglass data shows 94,861 traders were liquidated in the past 24 hours for $303.85 million.       

SoSoValue data shows net outflows of $243.2 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net inflows of $114.7 million.

In the past 24 hours, top losers include Dash, Mantle, and Artificial Superintelligence Alliance.

Notable Developments:

Trader Notes: Michael van de Poppe said Bitcoin is in a neutral consolidation phase after failing to break above $94,000.

He expects a short-term bounce over the next one…

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Prediction platform Polymarket has partnered with the Dow Jones to distribute its market-implied data across several of the publisher’s flagship media brands.

What Happened: Under the agreement, Polymarket’s prediction market data will be featured across Dow Jones outlets including The Wall Street Journal, Barron’s and Investor’s Business Daily, appearing in both digital and print formats, Bloomberg reported.

The data will also support new editorial features, such as earnings calendars that reflect market-implied expectations for publicly traded companies.

This marks Polymarket’s first formal media partnership and comes after its return to U.S. operations following a 2022 settlement with…

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Global cryptocurrency markets have gained momentum at the start of 2026 as Bitcoin (CRYPTO: BTC) broke above key technical levels, reigniting speculation over a potential move back toward $100,000.

What Happened: Entrepreneur and Bitcoin investor Lark Davis said the crypto market has staged a strong rebound to begin 2026, adding more than $250 billion in total market capitalization.

Bitcoin is up about 7%, Ethereum (CRYPTO: ETH) has gained nearly 9%, major altcoins are posting double-digit gains, and meme coins have surged sharply.

Davis attributed the rally to five main drivers:

The end of tax-loss harvesting, which removed December selling pressure and allowed rebound buying.

A sharp… Read more on Benzinga