| | Plus, why crypto power is shifting to Dubai and Abu Dhabi. | ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ | View in browser | | | | | | January 20, 2026 | | | | Your Daily Digest of the π₯Hottest News in Crypto | | | | Today's top stories π¨ BTC sell-off risk rises with new whales π Are cross-chain bridges crypto's next FTX? π How the UAE became crypto's favorite new home
π° Keep reading for all of today's biggest headlines & stories | | | | New whales, old risk: Is $85K next for Bitcoin? Bitcoin has been struggling to regain momentum after slipping below $90,000, and a new group of whales is now steering the market. According to CryptoQuant analyst Moreno DV, "new whales" holding more than 1,000 BTC with coins younger than 155 days now control a larger share of Bitcoin's realized cap than long-term holders. Their coins are also driving exchange inflows around $95,000 to $90,000, a pattern that signals elevated selling pressure near those levels. Order book data points to a possible pullback toward $85,000 if this supply keeps hitting the market. The big question for traders is simple: are these new giants early buyers who want to add more on dips, or fast-moving players who will keep selling into every bounce? | | | | | | | | | | Why Crypto Is Flocking to Dubai and Abu Dhabi The United Arab Emirates is turning into crypto's "just right" zone. ARIA founder Anastasia Ulianova says Dubai has found a balance: strong rules without choking innovation. That mix is pulling in people, capital and companies. Big names are already there or on the way, including BlackRock, Circle, Coinbase, Crypto.com, Rain, Zodia, Bybit and Ripple. For a country with a population smaller than New York's, competing with the United States, United Kingdom and Switzerland does not happen by accident. It comes from three things that other hubs still struggle to offer in one place. | | | | | | | | | Massachusetts Judge Blocks Kalshi's Sports Markets Prediction market platform Kalshi has run into a wall in Massachusetts. A state court has issued a preliminary injunction that would stop residents from using Kalshi for sports betting unless the firm gets a gaming license. The ruling follows a request from Attorney General Andrea Joy Campbell, who argues that Kalshi's sports contracts function like wagers, not just information markets. Other prediction platforms will be watching closely to see whether this stays a local skirmish or becomes a template for more states to push back. | | | | | | | | | [AD] | | | | Bitcoin cashback is changing how loyalty works seQura is rethinking loyalty by turning rewards into real ownership. With its Smart Shopping app, shoppers can manage purchases across thousands of merchants and earn Bitcoin cashback with a growing network of 500+ brands. No points, no expiration – just flexible payments, full purchase control and rewards that actually belong to the user.
| | | | | | | | | Hong Kong Defends 'Same Risk, Same Rules' for Crypto At a closed-door workshop in Davos, Hong Kong Finance Secretary Paul Chan defended the city's decision to hold digital assets to the same standard as traditional finance. His message was that finance and technology are now tightly linked, but that does not mean crypto gets a pass on guardrails. Under the "same activity, same risk, same regulation" approach, platforms that act like brokers, banks or exchanges face rules that look familiar to those sectors. | | | | | | | | | OPINION | | | | Why Cross-Chain Bridges Could Trigger the Next Big Crypto Crisis
Cross-chain bridges were supposed to solve fragmentation. Instead, they may be setting up the next major crisis. By placing control of assets across chains in the hands of a few intermediaries, the industry has created choke points that look more like shadow banks than neutral infrastructure. When these systems break, the damage is huge. Multichain's collapse froze user funds and snarled ecosystems. The Ronin attack went down as one of the largest thefts in crypto history. In total, more than $2.8 billion has already disappeared through bridge exploits, nearly 40% of all funds stolen in Web3. Each incident is treated as a one-off bug. Taken together, they look more like a structural flaw that will not fix itself. If the industry does not rethink how value moves between chains, bridges risk becoming the next FTX moment: a failure everyone saw coming but preferred to ignore. | | | | | | | | | —Written by Monica Hutchison | | | | 4.6 million people follow us on social media. You should too. | | | | | | | | | Cointelegraph Consulting Limited | | 20/F, Strand 50, 50 Bonham Strand Sheung Wan, Hong Kong Hong Kong | | | You received this email because you signed up on our website. | | Download our official app: | | | | | | | | | | | | | | | |