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The CEO of Google DeepMind, Demis Hassabis, warned that certain parts of the artificial intelligence sector have entered a 'bubble-like' phase, characterized by unsustainable valuations in private markets.

Speaking at recent industry events, Hassabis cautioned that seed-stage startups are receiving valuations of several billion dollars despite the absence of functional products or underlying technology.

GameStop drained its corporate cash in Bitcoin (BTC), transferring 4,710 BTC to Coinbase Prime as the price of the asset remains stagnant.

The total transfer, valued at approximately $421.5 million, was detected by on-chain analysts, leaving the company's known public wallets with a balance of zero.

This movement follows a series of more modest deposits earlier in the week and has intensified speculation about a potential liquidation.

Exchange-traded funds (ETFs) on spot Bitcoin (BTC) in the United States recorded $104 million in net outflows on January 24, extending the withdrawal streak to five consecutive days.

Spot products on Ethereum (ETH) followed a similar trend, losing $41.74 million and marking four consecutive days of capital outflows.

Despite the pullback in the two largest assets, institutional investors have directed new capital towards products related to smaller altcoins.

The Indian Financial Intelligence Unit has ordered cryptocurrency exchange platforms operating in the country to immediately suspend all trading, deposits, and withdrawals of privacy-focused cryptocurrencies, namely Monero (XMR), Zcash (ZEC), and Dash (DASH), citing concerns over money laundering and terrorism financing related to the anonymity features of these assets.

What happened: ban on private cryptos

Analyst Ali Martinez believes that Dogecoin (DOGE) could be ready for a significant bullish move after spending a year evolving in a descending wedge on its weekly chart, with historical data showing that the memecoin has several times broken out above similar formations during bullish phases.

What happened: a year-long figure close to a key test

Martinez published his analysis on X, identifying a descending wedge structure that has contained the price action of Dogecoin since the beginning of 2024. The token has recently returned to the lower bound of the figure, testing a support level that has historically preceded bullish breakouts.

Bitcoin (BTC) is trading below $90,000, while on-chain data shows that unrealized profits and losses are returning to historically observed levels only at the end of bear markets, suggesting that holders are facing a critical decision between accumulating more or capitulating under increasing pressure.

What happened: on-chain pressure is increasing

The Darkfost analyst examined an adjusted version of the NUPL (Net Unrealized Profit/Loss) that incorporates the realized capitalization of short-term and long-term holders, rather than relying solely on standard market capitalization.

XRP (XRP) is once again attracting the attention of traders after months of sideways movement, with technical analysts identifying chart patterns that could signal a potential rally towards $4 if the token breaks through key resistance near $2.10.

What happened: a chart model reignites discussions about a bullish breakout

Analyst DonWedge published a 12-hour chart on TradingView on January 21, noting that XRP "looks good" based on a bearish channel reflecting previously observed price behavior. The current formation resembles that which preceded a sharp rally a few months ago, when a similar pullback of about six months gave way to a brutal upward movement once selling pressure eased.

LayerZero (ZRO), the native token of the cross-chain messaging protocol, surged by 40% over the past week as traders absorbed the unlocking of 25.71 million tokens and turned their attention to a scheduled ecosystem event on February 10, fueling speculation about significant announcements.

What happened: the token rally defies the unlocking pressure

The token unlocking on January 20, representing approximately 6.36% of the circulating supply, failed to trigger the wave of selling that typically follows such events.

The U.S. Securities and Exchange Commission (SEC) has dismissed with prejudice its civil enforcement action against Gemini Trust Company, the cryptocurrency platform backed by billionaires Tyler and Cameron Winklevoss, in the litigation related to the now-defunct crypto lending program, Gemini Earn.

The joint stipulation of dismissal filed on January 23 in federal court for the Southern District of New York ends nearly three years of proceedings initiated by the SEC.

Betters on Polymarket are primarily betting on Rick Rieder, the managing director of global fixed income at BlackRock, as the most likely candidate to become the next chair of the U.S. Federal Reserve, according to data from the cryptocurrency-based prediction market.

Contracts related to Rieder currently show the highest implied probability on the Polymarket market 'Who will Trump nominate as Fed chair?', placing him ahead of other widely mentioned candidates.

The American Bankers Association is ramping up its lobbying campaign to curb the growth of stablecoins, arguing that digital dollar tokens pose a direct threat to bank deposits and local credit, according to a strategic plan.

In its "2026 Blueprint for Growth", the ABA called on Congress and federal regulators to prevent "payment stablecoins" from functioning as substitutes for deposits, explicitly urging lawmakers to prohibit interest, yield, or rewards on stablecoins, regardless of the issuer or platform.

The Nasdaq has officially requested the U.S. Securities and Exchange Commission to approve a rule change that would eliminate the position and exercise limits currently in place on options linked to exchange-traded funds (ETFs) spot on Bitcoin (BTC) and Ethereum (ETH), a measure that could significantly increase institutional participation in crypto-asset derivatives markets.

In a filing submitted to the SEC earlier this week, the Nasdaq proposed to remove the current cap of 25,000 contracts that applies to options on crypto ETFs.

The French cryptocurrency taxation platform Waltio revealed a data breach affecting approximately 50,000 users after a ransom demand from hackers.

The Shiny Hunters group obtained client emails and data from the 2024 tax declarations during the attack.

Waltio's CEO, Pierre Morizot, said on Friday that the breach occurred on January 21 following a 'particularly sophisticated attack.' The platform provides portfolio tracking and tax calculation services for cryptocurrency holders.

Bitcoin (BTC) Traders on prediction platforms assign less than 10% chance that the cryptocurrency will reach $100,000 before February.

This pessimism reflects weak market dynamics, three months after the October 2025 peak of Bitcoin beyond $126,000.

Polymarket data indicates a probability of around 6% for a rise above six figures in January. Kalshi traders assess the chances at less than 9% for the same period.

The founder of Binance, Changpeng Zhao, stated that Bitcoin (BTC) could enter a supercycle that would break its historical four-year pattern during an interview at the World Economic Forum in Davos on CNBC.

The former CEO cited the increase in institutional adoption and better regulatory clarity as potential catalysts for structural market changes.

"I have a very strong feeling that this will probably be a supercycle for Bitcoin," Zhao said on CNBC's Squawk Box. He acknowledged the uncertainty regarding short-term price movements, stating, "2026, I'm not sure, maybe" when talking about the upcoming year.

The activity of large holders for Cronos (CRO) and Bitget Token (BGB) increased by over 800% this week compared to last week, according to on-chain analytics firm Santiment.

The data tracked whale transactions for tokens with a market capitalization exceeding 500 million dollars.

Whale activity on Cronos surged by 1 111% week over week, while transactions from large holders of Bitget Token increased by 800%. Circle's stablecoin (USDC) saw whale activity rise by over 500% on the Optimism network.

Grayscale Investments filed on Thursday with the Securities and Exchange Commission a Form S-1 registration for a spot exchange-traded fund on (BNB).

The document confirms the asset manager's intention to offer regulated exposure to the native cryptocurrency of the Binance Chain.

The deposit follows the registration, on January 8, of a BNB ETF trust in Delaware by Grayscale. This procedural step generally precedes formal applications to the SEC for cryptocurrency investment products.

UBS Group AG is evaluating the possibility of offering cryptocurrency trading to its private banking clients in Switzerland, according to people close to the matter.

The Swiss bank, which managed 4.7 trillion dollars in wealth assets as of September 30, is in the process of selecting partners for a cryptocurrency offering after several months of discussions.

Some private banking clients in Switzerland would initially gain access to trading Bitcoin (BTC) and Ethereum (ETH), with a potential expansion to Asia-Pacific and United States markets. UBS has not yet made final decisions on the implementation, these sources said.

French hardware wallet manufacturer Ledger has mandated investment banks to study a listing in the United States that could value the company at more than $4 billion. This potential valuation would be more than double the price of $1.5 billion from its 2023 funding round.

Goldman Sachs, Barclays, and Jefferies are advising on this potential IPO, which could take place as early as this year. The plans remain preliminary and could still evolve, according to people close to the matter quoted by the FT.