"It’s Just A Healthy Correction," Says Man Currently Listing His Blood Plasma On eBay 🩸
OVERVIEW
“It’s Just A Healthy Correction,” Says Man Currently Listing His Blood Plasma On eBay 🩸
Before we dive in, here’s today’s crypto market heatmap:
Source: finviz
And here’s a look at crypto’s total market and altcoin market cap charts:
Source: TradingView
TECHNICAL ANALYSIS
Well, That’s A Positive Sign At Least 😐️
There’s not a lot of positive signs out there, but if you’re an altcoin lover like yours truly, then this should be viewed as a positive. 🧠
Typically, when the crpyto market bleeds (or flows like the Nile due to the femoral artery being severed like today), Bitcoin is doing much better than the rest of the market. Usually on a 1.5x to 2x basis.
Bitcoin down -2%? Most of your alts are > -4% lower. Which means the Bitcoin Dominance chart is in the green and positive. But that’s not what’s happening today.
BTC Dominance Daily Chart – Click to enlarge.
It’s been a straight down red day for the daily BTC Dominance chart. So everything is read and looks dead today – but at least the altcoin market isn’t the most beat down! 🙂
NEWS
Hyperliquid Is Now Trading At 14% Of Binance’s Volume 🔈️
Hyperliquid is nomnomnoming market share from CEX giants at a remarkable pace. As of late January 2026, HYPE processes approximately $8.6 billion in daily trading volume – roughly 14% of Binance’s $25.8 billion. That ratio has nearly doubled from 8% at the start of the year. 🫢
Oh, and HYPE’s numbers are just fooking crazy. I mean nuts I mean squirrels
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Hyperliquid now controls 70-80% of all decentralized perpetual futures volume.
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The platform has accumulated $2.6 trillion in cumulative trading volume since launch
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CEO Jeff Yan claims BTC perpetual spreads of approximately $1 on Hyperliquid versus $5.50 on Binance, with deeper visible order book liquidity.
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Open interest on the platform’s permissionless markets (HIP-3) hit an all-time high of $793 million, up 205% from a month prior.
HYPE also got some love from the current FOMO in gold and silver. Hyperliquid’s silver perpetuals alone generated nearly $1 billion in 24-hour volume on the 27th, making it the third most active market behind only BTC and ETH.
Binance remains roughly three times larger by most metrics, with 170 million users compared to Hyperliquid’s 1.4 million. But the gap is narrowing. Decentralized platforms now account for over 20% of all perpetual futures volume – up from under 2% in 2022. 📊
STONKTWITS
I’m Hosting A Live Stream Tomorrow, Silver’s UNCHARTED Territory: Mapping Price Levels Live 📺️
Live tomorrow at 1030 AM EST! Silver’s UNCHARTED Territory: Mapping Price Levels Live
👉️ Here’s The Link 👈️
This is a live technical analysis session, like a real-time gym workout, except the weights are candlesticks and the sweat is me explaining why this level matters. I’ll be applying TA theory, best practices, and all the nerdy principles… on purpose.
Main mission: Silver.
I’m going to map out future price levels that have literally never been traded before (uncharted territory, baby) and build a game plan live.
Bring snacks, bring questions, bring your favorite “that line is cope” comments, and let’s get into full-on nerd mode chart art action. 👍️
STABLECOINS
Fidelity & Tether Launch Competing Stablecoins 🪙
Within 24 hours last week, both Tether and Fidelity announced US-focused stablecoins. One of these companies manages $6.8 trillion in assets with decades of regulatory compliance. The other is Tether. 😐️
Tether launched USAT on January 27 – their first “federally regulated” US stablecoin, issued through Anchorage Digital Bank with reserves custodied by Cantor Fitzgerald. It launched on Ethereum with $10 million circulating and immediate listings on Bybit, Crypto.com, Kraken, OKX, and MoonPay.
Unlike regular USDT (whose reserves include Bitcoin, gold, and whatever else Paolo found in the couch cushions), USAT will hold primarily cash and US Treasuries to comply with the GENIUS Act. Former White House crypto bro Bo Hines is running point. Tether says they’re targeting $1 trillion market cap and 100 million American users within five years.
It’s good to have goals.
Look, I’m not saying Tether’s accounting has historically been the kind of thing you’d want a forensic accountant to examine too closely. I’m just saying there’s a reason they’ve operated offshore for years and are now suddenly very excited about US compliance right as regulatory frameworks solidify.
Fake it till you make it, hope nobody asks too many questions about the journey.
Fidelity’s FIDD is a different animal. Built on Ethereum, launching in early February through Fidelity Digital Assets (which got OCC conditional approval in December 2025). Reserves in cash, cash equivalents, and short-term Treasuries with daily disclosure of issuance and reserve values.
The stablecoin market sits at $315 billion – $USDT ( ▲ 0.03% ) at $186B, $USDC ( ▲ 0.01% ) at $72B. Both Tether and Fidelity clearly see the US market as the next frontier now that there’s regulatory clarity.
NEWS
Bipartisanship Was Fun While It Lasted: Crypto Bill Advances 12-11 📜
The Senate Agriculture Committee voted today to advance the Digital Commodity Intermediaries Act – the first time a crypto market structure bill has cleared a Senate committee. That’s the headline. 🎭️
Here’s the reality check: it passed 12-11 on a straight party-line vote after Chairman Boozman lost the bipartisan support he’d been building with Sen. Cory Booker, who walked away from the final version.
The bill would hand the CFTC new authority over digital commodities, building on the CLARITY Act the House passed last summer. Democrats tried adding amendments to ban public officials (yes, including the president) from crypto industry involvement and address foreign adversary participation. All rejected.
Meanwhile, the Senate Banking Committee’s version got delayed indefinitely after industry pushback – Coinbase among those raising concerns. Both committees need to pass their versions before anything combines and heads to the full Senate.
Progress? Technically yes. But calling this “momentum” feels generous when half the committee voted no and the Banking side can’t even get a hearing scheduled. We’ll see if this actually goes anywhere or joins the legislative graveyard. 🙄
NEWS
Regulatory Harmony Announced, Hell Reports Light Frost 🥶
Mark your calendars: SEC Chairman Paul Atkins and CFTC Chairman Mike Selig stood together at CFTC headquarters today and announced they’re going to – wait for it – cooperate. 🫂
On purpose. Without a court forcing them to.
The initiative is called Project Crypto, and its stated goal is harmonizing digital asset regulation between the two agencies. Atkins literally said “the turf war of years gone by must give way to a new era of cooperation.” Out loud. Into a microphone. No, really, it was his speech.
Which can be found here from the SEC’s official site.
For anyone who lived through the Gensler years of “everything is a security, sue first, define never,” this is genuinely awesome. Atkins even bragged that the SEC provided more crypto clarity in the past year than the previous decade combined – which says less about current productivity and more about just how low that bar was buried.
Oh, and my favorite line and the ‘intent’ of their approach to crypto: the “minimum effective dose of regulation.” Enough rules to matter, not enough to kill the patient.
Now, will two federal agencies with decades of territorial instincts actually follow through? History suggests skepticism. But two chairmen publicly committing to end the turf wars and prep for congressional action together?
Somewhere, a crypto compliance officer just felt an unfamiliar emotion. I think it might be hope. And, maybe, generalized confusion. 🤷
STOCKTWITS
Latest Stocktwits Video & Podcast Drops 🎙️
📺️ StocktwitsTV – Gold and Silver Just Hit a BREAKING POINT | Here’s What Happens Next
👍️ Retail Edge – AI Meme Stock Goes 70x, Silver Goes Vertical, and Zoom Gets an AI “Hidden Asset”
🦜 Executive Interview – Virtuix’s Competitive Advantage Explained by CEO Jan Goetgeluk (Virtuix IPO)
🏦 The Philosophical Quant – Range-Bound Market Playbook: Buy the Dip, Sell the Rip (Plus Apple + UNH Examples)
NEWS IN THREE SENTENCES
AI, Stablecoins, & Privacy News 🕵️
🤖 ASI Alliance Kicked Off 2026 With Partnerships, Podcasts, and 15 Billion Tokens
SingularityNET partnered with AlphaTON Capital on Cocoon AI – a decentralized privacy-preserving compute layer powered by hydroelectric GPUs in Sweden – while Fetch.ai dropped FetchCoder V2 for agent development and hosted an Agentic Interop Summit with Google Cloud. CUDOS crossed 15 billion inference tokens processed on ASI:Cloud, which is roughly 125,000 books worth of AI conversation. Artificial Super Intelligence Alliance.
🌙 Midnight’s NIGHT Token Bridges to COTI for Privacy-on-Privacy Action
NIGHT, the governance token from Input Output’s privacy-focused Midnight Network, is now live on COTI via ChainPort. This puts two privacy-native ecosystems in the same room – COTI’s programmable privacy layer plus Midnight’s zero-knowledge selective disclosure approach. Builders can now use NIGHT in COTI’s confidential DeFi pools, which is either very niche or exactly what the privacy maximalists ordered. COTI Network. COTI Network.
NEWS IN THREE SENTENCES
Real World Asset Tokenization (RWA) News 🪙
🏠 Landshare v2 Wants to Make Tokenized Real Estate Actually Tradable
Landshare is rolling out v2 in phases – starting with permissionless LSRWA transfers, non-KYC secondary trading, and migration from DS Swap to PancakeSwap for deeper liquidity. Phase 2 turns LSRWA into an index-style token backed by diversified assets; Phase 3 introduces Real Asset Vault where you deposit stablecoins and earn real estate yield. Landshare.
NEWS IN THREE SENTENCES
DeFi, DEX, & Lending News 🏦
🔧 Radix Foundation Publishes a “Please Take Over Our Services” List
Following the 2026 strategy shift toward decentralization, Radix published an inventory of all the infrastructure the Foundation currently runs – and is now inviting the community to operate instead. P1 items like the Babylon Gateway, Radix Connect Relay, and signaling server are critical; P2 covers the wallet apps and node software; P3 is everything else from RadQuest to the XRD supply API. RFPs are coming, but this is basically an open invitation to step up before formal processes start. Radix.
NEWS IN THREE SENTENCES
Protocol News 🏦
📊 Spark’s Q4 Report: $45M Gross Returns, $4M Dropped on Arkis
Spark closed Q4 with $45.4 million in gross protocol returns and $6.57 million in net surplus, driven by the Spark Liquidity Layer, distribution rewards, and SparkLend holding steady despite softer market conditions. The Morpho Spark USDC vault on Base alone generated $6.1 million from Bitcoin-backed lending for Coinbase users. They also made a $4 million strategic investment in Arkis, because apparently the treasury needed to do something. Spark.
🤖 Reactive Network Spent 2025 Proving Smart Contracts Can Actually Do Things
Reactive Contracts – smart contracts that watch for onchain changes and respond automatically – went from theory to production in 2025, handling stop-losses, liquidation protection, cross-chain rewards, and fee distribution without babysitting. The pitch is simple: contracts that act on their own instead of waiting for users or bots to notice something changed. DeFi, infrastructure, and even RWA trading all got smoother when automation stopped being optional. Reactive Network.
LINKS
Links That Don’t Suck 🔗
🧪 Physicists uncover hidden magnetic order in pseudogap, advancing superconductivity research
🏹 Robinhood CEO Reflects On 5 Years Of GME Trading Halt, Says Two Changes Will Prevent A Repeat
🥷 Crypto Exchange Bybit Is Entering Robinhood’s Turf, ‘Looking Into’ US Expansion: Report
🏃 Bitcoin, Ethereum Drop While Gold Extends Record Run Following Fed Decision
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Author Disclosure: The author of this newsletter holds positions in AVAX, ADA, PUDGY, WLC, IMX, XTZ, NEAR, HBAR, ALGO, INJ, LTC, LINK, ZEC, XLM, and FET. 📋
