This article summarizes cryptocurrency news on January 27, 2026, focusing on the latest Bitcoin updates, Ethereum upgrades, Dogecoin trends, real-time cryptocurrency prices, and price forecasts. Major Web3 events today include:
1、为什么比特币跑输贵金属？Pompliano揭秘市场结构与需求变化
Recently, gold and silver prices have hit new highs consecutively, while Bitcoin has been oscillating between $84,000 and $94,000 since mid-November last year, performing significantly behind. Anthony Pompliano posted a video analysis on X platform pointing out that this gap stems from market demand, structural changes, and competition for risk capital and attention, rather than a single factor.
Pompliano noted that precious metals performed remarkably over the past year: gold rose about 80%, silver surged 250%, copper increased 40%, and platinum nearly doubled, while Bitcoin declined 16% in the same period. He believes that the rally in precious metals reflects demand from different sources. Gold benefits from central banks worldwide continuously stockpiling reserves and capital flows shifting into the precious metals market amid global economic adjustments; silver is mainly driven by industrial demand such as defense equipment, AI hardware, and electric vehicle production; copper and platinum are more influenced by electrification and supply constraints, forming market structures favorable to holders. Pompliano states this is a typical example of recent “precious metals rotation,” with gold leading, silver following closely, then copper and platinum.
In contrast, Bitcoin has not kept pace with this rally, affected by structural and market mechanism changes. Pompliano explained that Bitcoin’s “IPO moment” is underway, with long-term holders gradually transferring Bitcoin to institutional investors, changing holding and trading patterns. Additionally, the surge in financial instruments has made shorting Bitcoin easier, with market volatility decreasing from about 80 to 40. This means extreme upward and downward phases of Bitcoin are reduced, making it more like a less volatile asset.
Pompliano also pointed out that narrative factors in market demand are at play. Bitcoin was once seen as a “chaos hedge,” but recent global geopolitical stability has reduced investors’ perception of this insurance demand. Meanwhile, central banks are expressing hedging preferences through gold, weakening Bitcoin’s appeal. Falling inflation expectations are also influential; Trueflation data shows inflation has dropped from 2.7% ninety days ago to 1.2%, reducing investor interest in Bitcoin as an inflation hedge.
Furthermore, Pompliano emphasized that Bitcoin faces fierce competition for attention and risk capital. Investments in AI stocks, prediction markets, and sports betting attract some young investors, diminishing Bitcoin’s default status among investors. He believes Bitcoin trading is turning into a “waiting game,” requiring patience and a long-term perspective rather than short-term sprinting.
Nevertheless, Pompliano remains optimistic about Bitcoin’s future potential. He considers that the current price of around $87,000 is more attractive than the previous $126,000, but warns of a market environment with reduced volatility and increased institutional participation. He notes that Bitcoin is entering a phase requiring a different mindset, where patience and long-term holding will be key to success.
2、2026年首批XRP托管解锁：Ripple释放10亿代币，社区反应如何？
Ripple released 1 billion XRP at the beginning of 2026, marking the first scheduled unlock of the year. According to Ripple’s escrow plan, these tokens are released monthly to provide a predictable market supply. This release involved three separate transactions worth about $1.84 billion, with tokens sent to two wallets associated with Ripple, each with a new balance of 1 billion XRP.
This unlock drew community attention, mainly due to a memo attached that implied Ripple had sold over $8 billion worth of XRP in 2025 for acquisitions and predicted larger token sales in 2026, also mentioning the development of stablecoin RLUSD. Some community users mistakenly believed the statement was from Ripple, sparking heated discussion. However, Ripple clarified that the memo was not issued by the company; anyone could trigger the release after the scheduled escrow date and add notes, which the company cannot control.
Since 2017, Ripple has used a timed escrow mechanism, releasing up to 1 billion XRP monthly to ensure predictable market supply. The unlocked tokens are sent to associated wallets, but the company does not manually approve each release, which can sometimes lead to misinterpretation of on-chain data. This incident highlights the risk of misinformation spreading when users take data out of context. Currently, the newly unlocked XRP remains unused, with market focus on whether Ripple will re-lock tokens or deploy funds.
Overall, the escrow unlock at the start of 2026 does not alter Ripple’s established process but serves as a reminder for investors to interpret on-chain data cautiously. As institutional adoption increases and stablecoin business develops, Ripple’s escrow activities will continue to be an important market variable.
3、美国比特币战略储备设想升温，Adam Back重申BTC或冲向100万美元
Bitcoin early contributor and Blockstream CEO Adam Back reiterated that if the US establishes a Bitcoin strategic reserve, the long-term price could reach $1 million per coin. As global macroeconomic and monetary uncertainties rise in 2026, sovereign institutions’ interest in Bitcoin is being reassessed by the market.
Back believes Bitcoin’s core advantage lies in its strictly limited supply. The total supply is embedded in the protocol with a cap of 21 million coins, and no institution can dilute its value through issuance. Once major national buyers enter the market, this structure will create a huge supply-demand mismatch. Back estimates that if several major economies each aim to hold about 1 million Bitcoin as reserves, the existing circulating supply will be rapidly absorbed.
Unlike fiat currency systems, governments cannot “print” Bitcoin, meaning all purchases must be made on the open market. With long-term holders, miners, and institutions already controlling large quantities, new buying pressure will face extremely limited sellable supply, which could trigger rapid price increases.
Some signs have already appeared. Previously, the Czech National Bank disclosed a Bitcoin purchase of about $1 million, a small amount but seen as an important signal of central bank interest in digital assets. The market generally believes such operations often start with small tests and may gradually increase allocations.
Back also mentioned that geopolitical competition could be another driver. If a major country takes the lead in including Bitcoin in its strategic reserves, others may be forced to follow to avoid falling behind in the financial system. This “reserve race” would further amplify structural demand for Bitcoin.
While the $1 million target remains controversial, the long-term pricing logic is changing amid fixed supply, institutionalization, and national adoption expectations. As discussions on Bitcoin strategic reserves heat up, the global positioning of this asset is being rewritten.
4、Vitalik Buterin公布区块链扩展层级模型：以太坊如何用计算与数据破解性能瓶颈？
Ethereum co-founder Vitalik Buterin recently proposed a new blockchain scalability framework, using a “layered structure” to explain why different technical components’ expansion speeds are not uniform. He divides the blockchain into three layers: the top is computation, the middle is data, and the bottom is state. This model is seen as a key to understanding Ethereum’s scaling route.
In Vitalik’s view, computation is the easiest part to scale. Through parallel execution, zero-knowledge proofs, and outsourcing some calculations to external systems, blockchains can significantly increase throughput without adding trust assumptions. This is also the core logic of most Layer 2 architectures, enabling many transactions to be completed off-chain, with only results returned to the main chain for verification.
In contrast, data expansion is slower than computation. Blockchains must ensure all critical data can be verified and accessed, limiting scalability. However, with the introduction of data distribution technologies like PeerDAS, Ethereum is reducing node storage and bandwidth pressures, supporting more users and higher data demands while maintaining decentralization.
The real bottleneck is the state layer. Vitalik points out that each node must verify and store the entire network state, and the continuous growth of state size raises hardware thresholds and could lead to centralization risks in the long run. To address this, he proposes “ascending the layers,” i.e., replacing state with computation and data where possible. Ethereum’s Rollup moves most state off-chain, sharding disperses data load, and zero-knowledge proofs reduce on-chain execution costs.
For developers, this layered model has direct design implications: reducing unnecessary on-chain state, relying more on proofs and verifiable data, and shifting complexity to higher layers. This approach aims to balance performance, cost, and decentralization, providing a clearer technical roadmap for long-term blockchain scalability.
5、Fusaka升级后暴露瓶颈？以太坊高Blob区块失效率飙升，Layer 2扩容能力遭遇考验
A recent analysis by blockchain research firm MigaLabs shows that after Ethereum’s Fusaka upgrade in December 2025, there was significant pressure when processing data-intensive blocks, raising questions about its capacity to handle larger Layer 2 data throughput. The core goal of the Fusaka hard fork was to allow Layer 2 networks to submit more blob data to the mainnet, reducing Rollup costs and increasing scalability, but actual operation did not fully meet expectations.
Based on data from over 750,000 block slots since October 2025, MigaLabs found that although the official target of 14 blobs per block was gradually increased, the median number of blobs per block actually decreased. Blocks with 16 or more blobs are very rare, only a few hundred times, indicating that the expanded capacity is far from fully utilized.
More concerning is that as blob counts increase, the probability of missed blocks by the network rises sharply. Data shows that at up to 15 blobs, the miss rate is about 0.5%; at 16 or more blobs, this jumps to between 0.77% and 1.79%, with the highest observed at 21 blobs, where the failure rate is more than three times the network average. These high-data blocks mainly come from large Layer 2 networks like Arbitrum and Base, which heavily rely on Ethereum’s data availability for security.
If future Layer 2 activity continues to grow and high-blob blocks become more frequent, this compounded failure rate could threaten Ethereum’s overall stability. Based on this trend, MigaLabs recommends delaying further increases in blob capacity until the failure rate of high-data blocks returns to baseline levels and actual demand approaches current limits.
Meanwhile, the Ethereum Foundation is also working on long-term security. Researcher Justin Drake announced the launch of a post-quantum cryptography project, led by Thomas Coratger and Emile, with a $2 million investment. This indicates that Ethereum faces more refined technical trade-offs between scalability and security.
6、Tether豪掷27吨黄金撑盘XAUT，却被Pax Gold与Kinesis蚕食？
As global inflation and geopolitical risks continue to rise, safe-haven funds are flowing back into gold. Tether bought 27 tons of physical gold in Q4 2025, matching the previous quarter’s scale, making its total annual purchase surpass many central banks. Gold prices surged 64% in 2025, and in 2026, they continued higher, with a total increase of 17%, breaking the $5,000 mark for the first time, providing a strong price anchor for tokenized gold assets.
Against this backdrop, Tether Gold (XAUT) rapidly expanded its supply, growing from $600 million at the end of 2025 to $1.8 billion. Early 2026, its market cap further increased to $2.24 billion, a 26% rise in January alone. Tether states that each XAUT is backed 1:1 by physical gold to meet global investor demand for digital safe-haven assets. Tether CEO Paolo Ardoino said that in an environment of increasing monetary system volatility, XAUT exists to provide a more verifiable store of value for capital.
However, market expansion has not fully translated into market share advantage. Data shows that in November 2025, Tether Gold controlled nearly 60% of the tokenized gold market, but by early 2026, it had fallen to about 50%, corresponding to roughly $2.6 billion. Pax Gold rapidly approached with a 40% share, and Kinesis Gold, starting from almost zero, surged to nearly 8%, becoming a new disruptive force. As more projects enter this space, competition is intensifying.
Currently, the global tokenized gold market exceeds $5.2 billion. If macro uncertainties continue to push physical gold prices higher, this segment still has room to grow. For investors, Tether’s continuous gold accumulation and buyback mechanisms strengthen its underlying backing, but diversified products mean market share is no longer dominated by a single player. Future trends will depend on transparency, liquidity, and trustworthiness in the long run.
7、稳定币市值一周蒸发700亿美元？1550亿美元大退潮揭示加密资金撤离真相
Stablecoin total market cap dropped sharply over the past week, from about $162 billion to $155 billion, shrinking roughly $7 billion in a short period. This change is seen as a significant liquidity tightening signal in the crypto market, reflecting capital withdrawal from high-risk digital assets. On-chain data indicates this is not just a token rotation but a large-scale conversion of stablecoins into fiat currency, directly reducing tradable and speculative funds.
Amidst shrinking stablecoin supply, buy orders for Bitcoin and major altcoins weakened noticeably. The market lacks sufficient new capital to push prices higher, making sustained rebounds difficult. Several data agencies point out that stablecoin market cap is highly correlated with overall crypto market activity; when issuers destroy tokens due to redemption pressure, on-chain liquidity also declines, amplifying downward volatility.
Changes in capital flow are also noteworthy. Since late January, more investors are shifting capital from crypto assets to traditional safe havens. Gold prices are approaching the $5,100 per ounce level, near historical highs, despite overbought signals in technical indicators, capital inflows remain strong. Silver also hit new highs, indicating a market preference for physical assets and traditional stores of value is rebounding. This contrast highlights that, in a risk-averse environment, crypto assets have temporarily lost appeal.
Regulatory factors further exacerbate this trend. Stablecoin issuers face stricter compliance requirements in multiple jurisdictions, increasing operational costs, leading some small and medium institutions to reduce issuance. Due to the lack of clear and unified regulation, market expectations for stablecoin expansion are weakened, impacting investor confidence in the entire crypto liquidity system.
In this context, the decline in stablecoin market cap reflects not just a numerical change but also a shift in risk capital attitude. As funds continue to favor traditional safe assets and on-chain liquidity remains subdued, Bitcoin and other crypto assets will remain under pressure, awaiting new macro or regulatory signals to rekindle risk appetite.
8、美联储传声筒：预计将暂停降息，恢复路径尚不明确
According to Jin10, Nick Timiraos, the “Fed whisperer,” stated that Federal Reserve officials expect to hold interest rates steady for the first time, after three consecutive rate cuts since September last year.
The Fed’s decision to pause rate hikes depends on a collapse in the labor market or a significant decline in inflation back to the 2% target. Despite political pressure, most officials believe a rate cut could still happen later this year, but there are disagreements on when the data will support such a move.
9、FOMC前夜资金悄然回流，比特币逼近9万美元，XRP 3美元窗口正在打开
As the FOMC meeting scheduled for January 27-28 approaches, Bitcoin and XRP prices show resilience, with the overall crypto market slightly rebounding. In the past 24 hours, total market cap increased by about 0.95%, driven mainly by some institutional fund inflows. Bitcoin hovers around $88,000, Ethereum remains above $2,700, and gold and silver strengthen simultaneously, supporting risk assets.
Market consensus expects the Fed to keep the current federal funds rate between 3.5% and 3.75%. After three rate cuts, policymakers are cautious amid still-high inflation. December FOMC minutes show many officials favor slowing the easing pace to prevent a rebound in price pressures. Investors are closely watching the FOMC statement for signals on inflation and economic growth, which will directly influence risk appetite and capital flows.
Bitcoin’s price stabilized after a short-term correction, with a slight rebound in the past 24 hours. Data shows that US spot Bitcoin ETF saw about $6.84 million in net inflows, ending several days of outflows, indicating some institutional re-engagement. If bullish momentum continues, Bitcoin could challenge $90,000 and even reach toward $92,000.
XRP also shows signs of recovery, rising about 0.8% in the past day. Despite short-term pressure, the overall trend over the past 30 days remains upward. ETF-related fund inflows for XRP amount to about $7.76 million, reflecting renewed institutional confidence. Meanwhile, tokenized assets on the XRP Ledger have surpassed $1 billion, with open interest reaching about $3.4 billion, and on-chain activity continues to grow. If market sentiment remains stable, XRP has potential to push above $3.
Before the FOMC results are announced, Bitcoin and XRP are at critical technical and sentiment points. Stable rates and ETF inflows could support short-term rebounds, while any hawkish signals might trigger new volatility.
10、Hyperliquid价格为何暴涨20%？HYPE借助商品永续合约与回购机制强势突围
Hyperliquid’s ecosystem token HYPE surged over 20% during Asian trading hours, briefly approaching $27, hitting a three-week high, with a cumulative increase of over 30% from this week’s low. In the context of weak performance among mainstream crypto assets, this rally stands out and has made HYPE a market focus.
The core driver of this rally is the explosive growth of the HIP-3 mechanism. The proposal allows users to issue perpetual contracts for assets like gold, silver, US stocks, and indices on the platform with just 500,000 HYPE collateral. This design makes Hyperliquid one of the few protocols enabling on-chain trading of commodities derivatives directly, attracting large risk-averse and hedging funds.
Official data shows that the platform’s open interest has risen to $790 million, several times larger than a month ago’s $260 million. Among them, the Silver contract SILVER-USDC is one of the most active, with nearly $1 billion in trading volume, second only to Bitcoin-related markets. As gold and silver remain popular safe-haven assets globally, these products open new growth channels for Hyperliquid.
The surge in trading volume also reinforces HYPE’s deflationary logic. The protocol directs most fees into a buyback pool, continuously repurchasing HYPE on the open market, with over $44 million in buybacks in the past 30 days. If users pay fees with HYPE, tokens are burned directly. Additionally, more perpetual contracts launching means more tokens are locked for staking, further tightening supply.
On-chain data shows that whales are accelerating their positions. Onchain Lens reports that over the past 24 hours, HYPE worth over $10 million was transferred to private addresses, some via Galaxy Digital’s OTC channels.
From technical charts, HYPE has broken out of a long-term descending wedge, with MACD showing a bullish crossover, RSI rising to 60, indicating strong buying momentum. If this continues, the price could approach $40; if it falls below $20, a reassessment of the upward structure is needed.
11、比特币价格逼近关键拐点：8.8万美元成多空分水岭，10万美元行情或从此启动
Bitcoin, after a rapid correction, has entered a technical retracement zone, but the market structure suggests this is more a controlled pullback than a trend reversal. The current price oscillates around $88,000, with trading behavior resembling a “shakeout” in a mid-term bullish trend rather than panic selling.
On-chain data shows that recent declines were mainly driven by short-term traders exiting, while more patient funds are quietly accumulating. The proportion of Bitcoin supply in profit has fallen from 75.3% to 66.9%, breaking below the critical threshold of 69.1%. Past cycles indicate that when profit-taking drops below this level, selling pressure tends to ease, and prices are more likely to establish new support at lower levels.
Meanwhile, long-term holders are also signaling a bullish bias. The LTH NUPL indicator is approaching 0.60; once it falls below this, long-term investors usually stop taking profits and shift to waiting or accumulating again. Historically, such changes have laid a stable foundation for the next rally.
From a technical perspective, Bitcoin remains within an ascending wedge pattern, bouncing off the lower boundary. The key short-term target is to reclaim $89,241 and stay above $90,000. If this level is broken convincingly, momentum will strengthen, and the price could challenge $98,000, with a support zone around $95,000, setting the stage for a push toward $100,000.
Of course, risks remain. If macro conditions worsen or selling pressure re-emerges, a drop below $87,210 could occur, possibly retesting $84,698, which would undermine the current bullish structure and delay the upward move.
In the context of intensified bulls and bears, the $88,000 to $90,000 zone is a critical area for positioning. If demand can be sustained here, the path toward $100,000 will become clearer.
12、纳斯达克上市 RWA 公司 Streamex 完成 3500 万美元配股募资
Nasdaq-listed RWA company Streamex announced the issuance of 11,666,667 common shares at $3.00 per share, raising a total of $35 million. The company plans to use the net proceeds from this issuance to repay previous debts (to align with financing strategy) and for working capital and general corporate purposes.
Additionally, the company has granted the underwriters a 30-day option to purchase up to 1,750,000 additional common shares at the public offering price.
13、中国比特币持仓逼近美国：坐拥19.4万枚BTC，PlusToken成“隐形国家储备”？
Latest data shows that despite China’s comprehensive ban on cryptocurrency trading and mining since 2021, its official Bitcoin holdings have approached US levels. Estimates indicate that the Chinese government currently controls about 194,000 BTC, mainly from assets seized in the 2019 PlusToken case, while US Bitcoin reserves are about 198,000 BTC; some institutions even believe the US’s actual holdings could be as high as 328,000 BTC.
This comparison has attracted significant market attention because China maintains a strict stance on public crypto trading but holds a large amount of Bitcoin at the national level. Industry analysts see this “ban on the surface, holdings behind the scenes” structure as reflecting Bitcoin’s special status in national asset allocation. Some researchers suggest these holdings resemble strategic reserves, similar to gold or foreign exchange, used for hedging and liquidity in extreme financial environments.
PlusToken’s case is a key source of China’s Bitcoin holdings. The case involved large-scale illegal crypto asset transfers, later seized by law enforcement, making China unexpectedly one of the world’s largest government-level Bitcoin holders. In contrast, US holdings mainly come from asset confiscations in various cross-border law enforcement actions. The paths differ but the results are converging.
This phenomenon also deepens discussions on sovereign participation in the Bitcoin system. Some economists believe that restrictions on public crypto trading do not negate Bitcoin’s value attributes. Instead, government holdings indicate that Bitcoin is being viewed as a long-term store of value, akin to gold or foreign reserves.
For the market, the exposure of China’s Bitcoin reserves introduces new variables. Investors are increasingly paying attention to how many BTC various governments hold, as this not only affects supply structure but also reflects implicit recognition of digital assets. As China-US gaps in holdings narrow, Bitcoin’s global strategic position is becoming clearer.
14、ClawdBot创始人：请加密投资者不要再骚扰我，永远不会发行任何代币
ClawdBot (now Moltbot) founder Peter Steinberger posted on social media:
“Please stop disturbing me with DMs or mention functions, stop harassing me. I will never issue any tokens. Any project listing me as a token owner or related party is a scam. I will also not accept any cooperation fees. Your behavior is seriously damaging the reputation and development of the project. Please stay rational and help maintain a healthy industry environment.”
Peter also stated that the project’s original name ClawdBot had to be changed due to trademark issues, but the renaming on GitHub went wrong. The new name on X has been registered by crypto speculators, and he is seeking help to recover the hijacked account.
15、Capital B 更新 3.56 亿美元融资计划以增持 BTC
French listed company Capital B announced an update to its $356 million ATM-style capital increase plan in cooperation with TOBAM, aiming to buy more BTC.
