GameStop has transferred its entire Bitcoin stash to Coinbase Prime, triggering fresh speculation that the video game retailer may be preparing to unwind its short-lived Bitcoin treasury strategy.

Blockchain analytics firm CryptoQuant flagged the move on Friday after identifying a wallet labeled as belonging to GameStop that sent all 4,710 BTC, worth roughly $420 million at current prices, to Coinbase’s institutional trading platform.

“GameStop throws in the towel?” CryptoQuant asked in a post on X, suggesting the transfer was “likely to sell.”

GameStop Faces Potential $75M–$85M Loss on Bitcoin Bet if Sold

If liquidated near recent market prices, the sale would lock in a sizable loss.

CryptoQuant estimates GameStop accumulated its Bitcoin in May at an average price of around $107,900 per coin, implying unrealized losses of roughly $75 million to $85 million, depending on execution price.

GameStop announced its Bitcoin purchase earlier this year after CEO Ryan Cohen met with Strategy chairman Michael Saylor in February to discuss corporate crypto treasury models.

At the time, the move aligned the meme-stock retailer with a growing group of public companies experimenting with digital assets as balance-sheet holdings.

GameStop throws in the towel?

Their on-chain wallets just moved all BTC holdings to Coinbase Prime, likely to sell.

Between May 14–23, 2025, they bought 4,710 BTC at an avg. price of $107.9K, investing ~$504M.

Now selling for around $90.8K, potentially realising approximately… pic.twitter.com/Bp7MwRVQ43

— CryptoQuant.com (@cryptoquant_com) January 23, 2026

Since the transfer, GameStop has not publicly confirmed whether it has sold or intends to sell the Bitcoin.

While moving funds to Coinbase Prime often precedes a sale, given the platform’s deep liquidity and execution tools, such transfers do not always signal imminent liquidation.

Coinbase Prime also provides custody and wallet management services through its regulated trust business, leaving open the possibility of an internal restructuring.

The timing has fueled debate. Corporate Bitcoin treasuries surged in popularity throughout 2024 and early 2025, but the model has faced growing scrutiny as crypto prices pulled back sharply in recent months.

Several firms that adopted similar strategies are now sitting on steep paper losses, prompting some to trim holdings to shore up balance sheets.

Ethereum-focused ETHZilla, for example, recently disclosed selling part of its Ether reserves to reduce debt.

Cohen Stock Purchase Lifts GameStop Shares as Bitcoin Questions Swirl

The transfer also coincides with renewed activity from Cohen himself.

A regulatory filing this week revealed the CEO purchased an additional 500,000 GameStop shares worth more than $10 million, helping push GME shares up over 3% on Thursday.

The stock move added another layer of intrigue, with some investors viewing the buy as a vote of confidence amid uncertainty around the company’s crypto exposure.

Despite the recent pressure, corporate crypto treasuries remain embedded in traditional markets.

Earlier this month, MSCI opted not to remove digital asset treasury companies from its indexes, a decision that spared firms like Strategy from potential billions in passive outflows.

The post GameStop Transfers $420M in Bitcoin to Coinbase, Sparking Exit Speculation appeared first on Cryptonews.

Support is growing for a Bitcoin proposal that would temporarily limit the amount of data embedded in transactions, as a debate over network spam and node decentralization intensifies.

Bitcoin Improvement Proposal 110 (BIP-110) is currently signaling support from 583 nodes, or about 2.38% of the network, according to data from The Bitcoin Portal.

Out of roughly 24,481 reachable nodes, those backing the proposal are primarily running Bitcoin Knots, an alternative node implementation often favored by operators critical of recent changes to Bitcoin Core.

BIP-110 Proposes One-Year Cap on Bitcoin Transaction Data

BIP-110 proposes a temporary soft fork that would reintroduce strict limits on transaction data at the consensus level.

Specifically, it caps transaction output sizes at 34 bytes and restricts OP_RETURN data, a script used to embed arbitrary information into transactions, to 83 bytes.

The soft fork is designed to last for one year, after which the limits could be extended, modified or allowed to expire.

The proposal emerged in response to changes introduced in Bitcoin Core version 30, released in October 2025.

That update removed the long-standing 83-byte limit on OP_RETURN data following a pull request first introduced earlier in the year.

The move was controversial and met with widespread criticism from parts of the Bitcoin community, which argued the change was made without sufficient consensus.

OP_RETURN has long been a flashpoint in Bitcoin governance debates. While it enables use cases such as timestamping and metadata anchoring, critics say uncapped data fields encourage blockchain spam and non-financial use of block space.

Larger data payloads increase storage and bandwidth requirements for nodes, raising concerns that running a full node could become cost-prohibitive for everyday users.

BIP-110 RC3 pic.twitter.com/5KeoTCyhWV

— Justin (@innerhat) January 21, 2026

Critics of the Core update argue that higher hardware demands risk undermining one of Bitcoin’s defining features, which is the ability for individuals to verify the network using consumer-grade hardware.

As node operation becomes more expensive, they warn, the network could drift toward greater centralization.

Bitcoin educator Matthew Kratter compared unchecked data usage to a parasitic threat. He has argued that excessive spam could overwhelm the network’s underlying structure, weakening Bitcoin’s resilience over time.

BIP-110 Backers Frame Proposal as Temporary Fix

Supporters of BIP-110 see the proposal as a corrective measure rather than a permanent policy shift.

By making the soft fork explicitly temporary, its authors aim to give the network time to assess the impact of restored limits without locking Bitcoin into a long-term rule change.

Others remain unconvinced. Bitcoin Core contributor Jameson Lopp has defended the removal of OP_RETURN limits, arguing that artificial caps do little to deter spam and may instead push unwanted activity into other parts of the protocol.

From this view, market fees should determine how block space is used.

The post Proposal to Temporarily Cap Bitcoin Transaction Data Gains Support From 583 Nodes appeared first on Cryptonews.

US spot Bitcoin exchange-traded funds recorded their weakest performance in nearly a year, shedding $1.33 billion in net outflows during a shortened four-day trading week, according to data from SoSoValue.

The pullback marks the worst weekly showing since February 2025 and reflects a sharp reversal in investor sentiment after strong inflows the previous week.

The outflows follow a period of optimism, when spot Bitcoin ETFs pulled in $1.42 billion in net inflows.

Midweek Bitcoin ETF Outflows Surge as $709M Exits in Single Day

Selling pressure peaked midweek. Wednesday alone saw $709 million exit Bitcoin ETFs, making it the heaviest outflow day of the week.

Tuesday followed closely behind with $483 million in redemptions. Outflows eased toward the end of the week, with $32 million leaving on Thursday and $104 million on Friday.

The magnitude of the withdrawals echoes the turbulence seen in late February 2025, when Bitcoin ETFs lost $2.61 billion in a single week during a sharp market downturn.

That episode, often referred to by analysts as the “February Freeze,” coincided with Bitcoin’s drop from above $109,000 to below $80,000 and included a record $1.14 billion single-day outflow on Feb. 25.

BlackRock’s iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF by assets under management, posted outflows on all four trading days last week.

Data from SoSoValue shows the fund experienced its heaviest redemptions on Tuesday and Wednesday, accounting for a significant share of the overall decline.

1/ US Spot Crypto ETF Weekly Flows (Jan 12-16, ET)

• BTC ETFs: +$1.42B
• ETH ETFs: +$479M
• SOL ETFs: +$46.88M
• XRP ETFs: +$56.83M

Source: SoSoValue#CryptoETF #SoSoValue pic.twitter.com/Wi35m9jMLu

— SoSoValue (@SoSoValueCrypto) January 19, 2026

IBIT currently holds about $69.75 billion in net assets, representing roughly 3.9% of Bitcoin’s total circulating supply.

Despite the recent pullback, the broader picture for spot Bitcoin ETFs remains positive.

Since their launch in January 2024, cumulative net inflows stand at $56.5 billion, with total net assets across all US spot Bitcoin ETFs reaching approximately $115.9 billion.

Ethereum ETFs were not spared from the broader risk-off move. Spot Ether ETFs posted $611 million in net outflows for the week, reversing the prior week’s $479 million inflow streak.

Wednesday was again the worst day, with $298 million redeemed, followed by $230 million on Tuesday.

Total net assets for Ether ETFs now sit around $17.7 billion, with cumulative inflows of $12.3 billion since their July 2024 debut.

Solana ETFs Defy Broader Sell-Off as Bitcoin, XRP Funds See Outflows

Not all crypto-linked funds followed the same pattern. Spot Solana ETFs continued to attract capital, recording $9.6 million in net inflows over the week, extending a multi-week positive trend.

Bitwise’s BSOL remained the category leader by assets. Spot XRP ETFs, meanwhile, saw mixed flows, ending the week with $40.6 million in net outflows after a sharp $53 million exit on Tuesday.

The ETF drawdowns come amid signs of shifting market dynamics on-chain. According to a CryptoQuant report, Bitcoin holders have begun realizing net losses for the first time since October 2023.

The firm noted the market has moved from a profit-taking phase into a loss-realization phase, with roughly 69,000 BTC in realized losses since Dec. 23, a pattern reminiscent of past transitions from bull to bear markets.

The post US Spot Bitcoin ETFs See Worst Week in One Year After $1.33B Outflows appeared first on Cryptonews.

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A growing number of analysts believe Ethereum’s current price action is being misunderstood. Although frustration is growing due to Ethereum’s inability to hold above $3,000, some technical analysts are quick to point out that the structure forming beneath the surface tells a very different story. According to one analyst, the real risk right now is not being bullish on Ethereum and trying to short in anticipation of a downside breakout.

Higher Lows And A Structure That Keeps Tightening

The analyst’s technical view on Ethereum is focused less on short-term momentum and more on the structure developing on the chart, which he argues is even clearer than what is currently visible on Bitcoin’s chart.

Notably, Ethereum’s price action is carving out a series of higher lows on the daily candlestick timeframe chart to form a tightening triangular pattern since December 2025. This kind of behavior shows that each pullback is being absorbed at progressively higher levels, which is how strong trends reset before continuation.

Ethereum needs to avoid a breakdown below key support zones in order for this trend continuation setup to still be valid. According to the analyst, a dip under $2,860 would begin to weaken the pattern, while a close below $2,780 would invalidate the higher-low structure. 

At the time of writing, Ethereum is trading around $2,950, which is dangerously close to the lower boundary of this setup. Therefore, some traders will be tempted to short Ethereum at this level, but the analyst called it the dumbest thing to do here.

As long as those levels ($2,860 and $2,780) hold, the analyst sees no technical justification for betting against ETH, especially near the lower boundary of the channel where buyers have repeatedly stepped in. 

If support holds, the next move would be a gradual return to the upper trendline of the channel, which is just below $3,340. A move into that region would bring price back into direct contact with overhead resistance and set the stage for a breakout if buying pressure continues to increase.

Ethereum Price Chart. Source: @Tryrexcrypto on X

The Bigger Picture Behind Ethereum’s Price Action

Ethereum is entering 2026 without clear bullish momentum, a reality that has dampened sentiment across the spot and derivatives markets. Spot ETF inflows into Ethereum and Bitcoin have slowed down, and issuers have been highlighted with consistent days of outflows.

Nonetheless, major asset managers are still holding huge amounts of Ethereum and are working on diversifying their activities on Ethereum. BlackRock, for example, filed with the SEC in December to launch a staked Ethereum exchange-traded fund, a move that will bring in more institutional investors into the Ethereum ecosystem.

Speaking of staking, BitMine Technologies recently amped up its ETH staking to over $5.71 billion worth of Ethereum. On-chain data from Arkham Intelligence shows that the firm has staked an additional 171,264, worth $503.2 million, pushing its total stake to over 1.94 million ETH.

Featured image from Unsplash, chart from TradingView

Within minutes of the shooting, the Trump administration and right-wing influencers began disparaged the man shot by a federal immigration officer on Saturday in Minneapolis.

The Bitcoin price is showing signs of history repeating itself, as current price action mirrors key patterns from the 2021 cluster. With resistance near $91,000–$92,000 and the macro downtrend looming, traders are watching closely to see if BTC will break higher or face renewed pressure. The coming days could prove decisive in shaping the next major move.

Bitcoin Mirrors 2021 Cluster: History In Motion

Bitcoin continues to mirror the price patterns seen during the 2021 cluster. Crypto analyst Rekt Capital noted that the current market structure is echoing historical behavior, suggesting that similar dynamics are at play. Traders are closely watching these familiar patterns to gauge whether the cycle is repeating itself or if new trends may emerge.

The rules of the game remain consistent. A bearish acceleration would likely be triggered if Bitcoin breaks down from the macro descending triangle base, currently positioned around $82,000. Conversely, a bullish bias would require a decisive break above the macro downtrend, which sits near $100,000. These levels serve as critical decision points for the market, dictating whether bulls or bears gain control in the coming sessions.

So far, Bitcoin has encountered rejection in the high $90,000s, falling just short of the macro downtrend. This mirrors previous market behavior, in which the asset developed a basing structure near the triangle’s base before attempting to push higher toward the downtrend’s upper boundary. It demonstrates that history is repeating itself for now, with the market consolidating and preparing for its next directional move.

If the macro downtrend continues to act as resistance, the triangle’s base may gradually weaken over time. Such a development would increase the risk of further downside, making the reaction at both the base and the downtrend crucial. 

BTC Surpasses $91,000 Before Facing Selling Pressure

In a recent market update by Ted, it was noted that while Bitcoin broke above the $91,000 threshold yesterday, the rally met significant resistance. Sellers entered the market with substantial force at these local highs, effectively capping the momentum and preventing a sustained breakout.

As a result of this rejection, Bitcoin has retreated into the “no-trading zone.” Ted suggests that this period of sideways price action is likely to persist through the next couple of days, largely driven by the typical low-liquidity environment seen during the weekend.

Looking ahead, the outlook remains cautious. Ted emphasizes that any upward movements will likely be short-lived until BTC can decisively clear the $91,000 to $92,000 resistance zone. Meanwhile, such a move must be backed by strong spot demand to prove its validity.

Swiss banking giant UBS, with assets under management (AuM) of up to $7 trillion, is set to launch Bitcoin trading for some of its clients. This comes amid predictions that regulatory clarity and broader adoption could send the BTC price to as high as $200,000. 

UBS To Offer Bitcoin Trading To Some Wealth Clients

Bloomberg reported that UBS is planning to launch crypto trading for some of its wealth clients, starting with its private bank clients in Switzerland. The bank will reportedly begin by offering these clients the opportunity to invest in Bitcoin and Ethereum. At the same time, the crypto offering could further expand to clients in the Pacific-Asia region and the U.S.

The banking giant is currently in discussions with potential partners, and there is no clear timeline for when it could launch Bitcoin and Ethereum trading for clients. This move is said to be partly due to increased demand from wealth clients for crypto exposure. UBS also faces increased competition as other Wall Street giants are working to offer crypto trading. 

Morgan Stanley, in partnership with Zerohash, announced plans to launch crypto trading in the first half of this year, starting with Bitcoin, Ethereum, and Solana. The banking giant may soon also be able to offer its crypto products, as it has filed with the SEC to launch spot BTC, ETH, and SOL ETFs. 

Furthermore, JPMorgan, another of UBS’ competitors, is considering offering crypto trading to institutional clients, although this plan is still in the early stages. The bank already accepts Bitcoin and Ethereum as collateral from its clients. Last year, it also filed to offer BTC structured notes that will track the performance of the BlackRock Bitcoin ETF.

Can Bank’s Entry Trigger A BTC Rally To $200,000  

Kevin O’Leary predicted that Bitcoin could rally to between $150,000 and $200,000 this year, driven by the passage of the CLARITY Act. His prediction came just as White House Crypto Czar David Sacks said banks would fully enter crypto once the bill passes. As such, there is a possibility that BTC could reach this $200,000 psychological level in anticipation of the amount of new capital that could flow into BTC from these banks once the bill passes. 

BitMine’s Chairman, Tom Lee, also predicted during a CNBC interview that Bitcoin could reach between $200,000 and $250,000 this year, partly due to growing institutional adoption by Wall Street giants. Meanwhile, Binance founder Changpeng “CZ” Zhao said that a BTC rally to $200,000 is the “most obvious thing in the world” to him.

At the time of writing, the Bitcoin price is trading at around $89,600, up in the last 24 hours, according to data from CoinMarketCap.

Mercor’s APEX-Agents benchmark finds top AI models score under 25% accuracy on realistic consulting, legal, and finance tasks.

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Africa is seeing a quiet shift in how people send and hold value. Mobile phones are central. According to Vera Songwe, a former UN under-secretary-general, millions who lack bank accounts can use stablecoins to protect savings and move money faster. That access matters in places where inflation has been high and bank fees are steep.

Use By Businesses And Everyday People

Reports have disclosed that stablecoins now make up around 43% of all crypto transaction volume in sub-Saharan Africa. Nigeria alone processed nearly $22 billion in dollar-linked stablecoin activity over a recent 12-month span.

That money is used for remittances, payroll and business settlements. Firms and market traders are among the biggest users, but many everyday people are joining in too.

In countries such as Egypt, Nigeria, Ethiopia and South Africa, demand is driven by volatile local currencies and rules that limit access to dollars. Mobile money networks help push adoption along.

Stablecoins Speed Up Cross-Border Payments

Traditional remittances can be costly. At a World Economic Forum panel in Davos, Switzerland on Thursday, Songwe noted that sending $100 through traditional money transfer services in Africa often costs around $6, making cross-border payments both slow and costly.

Stablecoins cut those costs and shorten wait times from days to minutes for many transfers. Small payments and wages can be settled quickly, and that speed changes how businesses plan cash flow.

Local Rules Are Changing Fast

Governments are reacting in different ways. Ghana passed a Virtual Asset Service Providers law to bring trading into a formal framework. On January 13, Nigeria required crypto platforms to link transactions to tax ID numbers, a move meant to bring activity into official records.

South Africa’s central bank has warned that stablecoins and other tokens could pose risks to financial stability as use grows. Policy is being written while users and tech firms keep pushing ahead.

Risks And The Road Ahead

High inflation remains a core reason people are turning to stablecoins. Reports say inflation has exceeded 20% in 12 to 15 countries since the pandemic, and that reality pushes people to look for alternatives to local notes.

Everyday Use, Measured Change

What started as a tech niche has grown into a practical tool for many across the continent. For small and medium businesses, the benefit is clear: faster settlements and lower costs.

For people without bank accounts, a smartphone can now open a route to store value in currencies less tied to local inflation. Adoption will likely keep rising, but how quickly it becomes part of mainstream finance will depend on stronger rules, better safeguards, and the continued spread of simple mobile services that people trust.

Featured image from Unsplash, chart from TradingView

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Apple is set to host an LA creators event, with expectations building around a possible new MacBook Pro announcement.

The post Apple To Host LA Creators Event As New MacBook Pro Announcement Expected first appeared on Redmond Pie.

XRP has spent most of the past few months trading with lower highs since July 2025, frustrating traders and compressing price action into an increasingly tight range. 

However, a technical breakdown shared by crypto analyst ChartNerd argued that what looks like stagnation may actually be the final preparation phase before a historic move. The price structure suggests something far bigger that sends XRP on its most aggressive rally in eight years, but the implications only become clear when the full setup is examined.

A 400-Day Rectangular Reaccumulation Still Holding Structure

According to technical analysis done by ChartNerd, XRP’s price action has been locked inside a rectangular reaccumulation zone for about 400 days, and this has led to the formation of what looks like a rectangular bull flag on a macro timeframe. The technical chart shows a strong impulsive move from July 2024 to December 2024 acting as the flagpole, right when XRP peaked at the $3.4 price zone back then.

This impulsive flagpole has been followed by a long period of sideways trading where XRP’s price has repeatedly respected a clearly defined support around $1.8 and resistance boundaries around $3.6. This type of structure is associated with reaccumulation within the support and resistance zones, especially when it is playing out after a sharp expansion move and holding for this length of time.

Each dip into reaccumulation support has been absorbed, preventing any sustained breakdown and keeping the broader pattern intact. ChartNerd noted that the rectangular flag will be valid as long as this support level is defended, and this will activate the expansion journey.

XRP Price Chart. Source: @ChartNerdTA on X

Macro Breakout Projection Puts XRP Price Target At $23

According to ChartNerd, bearish participants are increasingly pressured by the fact that this fractal is still holding despite repeated attempts to invalidate it. The longer XRP’s price action is trapped inside the rectangle without breaking down, the more likely it becomes that the eventual resolution favors the dominant trend that preceded the consolidation. In this case, that trend was bullish, which strengthens the case for an upside breakout once resistance is cleared.

If the rectangular bull flag resolves to the upside as projected, the chart outlines a breakout trajectory that would carry XRP into double-digit territory, with a long-term target region near $23. This price target projection is derived from the height of the flagpole extended from the top of the reaccumulation range.

ChartNerd labelled this possible move as one of the most aggressive rallies XRP could see in seven to eight years. At the time of writing, XRP is trading around $1.92, meaning a move toward the $23 region would represent a gain of over 1,000% from current levels, which is a type of percentage expansion XRP has played out well in the past.

Featured image from Unsplash, chart from TradingView

The XRP Ledger has entered a new phase of innovation as Ripple integrates to bring together two of the most powerful technology trends shaping the global economy. Long known for its speed, low transaction costs, and enterprise-grade reliability, the Ledger is now expanding beyond payments to data-driven and automated financial applications. By merging AI with decentralized settlement, Ripple is positioning the Ledger to support smarter workflows and more efficient liquidity management.

How Ripple Is Embedding Intelligence Into On-Chain Systems

An analyst known as SMQKE on X has shared a case study of an AI implementation in the cross-border payment, in which Ripple has successfully combined blockchain technology and artificial intelligence to enhance the efficiency, speed, and cost-effectiveness of global transactions.  As a leading provider of real-time cross-border payment solutions, Ripple leverages the XRP Ledger, a decentralized blockchain that enables real-time cross-border settlement. 

Related Reading: Surge In XRP Transactions: 1.45 Million Daily Users Could Signal Price Rally Ahead, Says Expert

What sets this integration apart is the use of AI to optimize transaction flows and routing decisions in real time. Ripple AI-powered systems continuously process large volumes of payment data in real time, allowing financial institutions to make dynamic decisions on the most effective payment paths. 

BlackRock is now using Ripple’s RLUSD as collateral, which is extremely bullish for XRP. JackTheRippler revealed that the altcoin is being positioned as the future infrastructure, which is being built with the potential to hit over $10,000 per coin. With the REAL token launching on January 26th, trillions in global capital could flood into the XRP Ledger. According to JackTheRippler, some projections suggest up to $800 billion could flow into the REAL token on XRP Ledger, potentially sparking a powerful supply shock.

Why The Comeback Feels Different This Time

The rise of the phoenix XRP is here. Crypto analyst Xfinancebull highlighted that Caroline Pham isn’t just another name in crypto. Pham played a role in pushing utility regulation into the Commodity Futures Trading Commission (CFTC), helping shift policy toward real-world use cases. Currently, she is at MoonPlay and posting about the phoenix on X.

Related Reading: How Donald Trump’s Latest Crypto Move Will Boost Demand For XRP

Years ago, Brad Garlinghouse drew that same phoenix, and it became one of the biggest pieces of XRP lore. While the market chased narratives, Ripple has been building institutional-grade crypto products for years. Meanwhile, the token, RLUSD, and the XRP Ledger are now live operating, and recognized among the most compliant blockchain assets in the crypto world.

This is the same asset that survived the SEC’s biggest regulatory battles in crypto history, and is now on the other side with legal clarity, growing integration, and increasing relevance to government infrastructure in its favor. Xfinancebull concluded that Caroline has helped clear the regulatory path, Brad and Ripple built what actually runs on that path, and they have been aligning all along, which is how the real adoption happens.

Chainlink remains on standby as daily candles continue to show indecision, keeping traders on edge. The next significant move for LINK largely depends on Bitcoin’s momentum, with bulls and bears waiting for a clear signal before committing. Until then, the market is in a holding pattern, building tension for the breakout or breakdown.

Traders Await Clear Direction For Chainlink

According to an update from CryptoWzrd, the daily candles for both Chainlink and LINKBTC continue to print indecisive price action, reflecting a lack of strong conviction from either side of the market. Despite recent movements, neither buyers nor sellers have been able to establish a clear directional edge, keeping the broader outlook neutral for now.

To gain a reliable directional bias and unlock higher-probability trade opportunities, healthier and more decisive daily candles are required, as price could continue to chop within its current range. Bitcoin is expected to remain the primary driver of the next significant move. In particular, LINKBTC needs to print another bullish daily candle in the coming week to maintain any constructive momentum. 

Failure to do so could shift the balance back in favor of the bears and increase downside pressure. A continuation of weakness would likely result in a break of the daily lower-high trendline, followed by a loss of the critical $12 support level. 

On the bullish side, if Bitcoin provides the necessary support, LINK could attempt a recovery rally toward the $16 resistance zone. Until a clearer higher-timeframe structure emerges, the trading focus remains tactical. Attention will be placed on the lower-timeframe charts, particularly over the weekend, to capitalize on quick, short-term opportunities while avoiding unnecessary exposure to indecisive daily conditions.

Intraday Chart Shows Tight Range, Market Lacks Clear Direction

The analyst concluded that the intraday chart remains choppy, with price action tightly compressed within a narrow range. Such conditions point to persistent market indecision, in which neither bulls nor bears have shown sufficient conviction to drive a sustained move in either direction. As a result, trade setups lack clarity and carry elevated risk.

From a tactical perspective, a retest of the $13 resistance level, followed by clear signs of rejection or fading momentum, could open the door to a short opportunity. However, if price holds above $13 with strong acceptance, that would place the market in more constructive territory and tilt the bias back in favor of the bulls.

Until one of these scenarios plays out decisively, the analyst emphasized the importance of waiting. A more mature and well-defined chart structure is needed before engaging in the next trade, ensuring better confirmation, cleaner entries, and improved risk-to-reward conditions.

A recent statement from an XRP Ledger (XRPL) developer suggests that XRP could be the key to an early retirement shortcut. Unlike steady paychecks or slow-growing investments in traditional assets, cryptocurrencies have the ability to create generational wealth rapidly, due to their penchant for sudden and explosive price moves. Among the thousands of digital assets on the market, the developer highlighted the token as his primary choice for investors seeking substantial returns, even sharing strategies for how the coin can help them retire in a few years. 

XRP Emerges As Shortcut To Early Retirement

A DropCoin XRPL developer, identified as ‘Bird’ on X, announced on Thursday, January 22, that buying and holding XRP at current prices could help investors retire within a few years. The bold claim quickly caught the attention of many in the crypto community, with some asking the developers to elaborate on the strategies involved and the expected timeline for achieving such wealth. 

Related Reading: XRP Price Obliteration Is Not A Matter Of If, New All-Time Highs Are Coming

Not stopping there, Bird claimed that investing in the token could eliminate the need for a job, suggesting that long-term investors may eventually rely on the potential profits from their holdings as a primary source of income. His statements were in response to a post by Watcher.Guru, which the developer directly referenced to support his optimistic long-term outlook. 

In that post, Watcher Guru quoted a statement reportedly made by Binance’s founder ChangPeng Zhao, who also agreed that holding crypto assets over time could make jobs unnecessary and allow investors to retire sooner than planned. The Ledger developer shared a screenshot of Zhao making similar remarks about Artificial Intelligence, suggesting that the Binance founder views both crypto and AI as powerful tools for achieving long-term financial freedom. 

A crypto community member who responded to Bird’s post questioned how long an investor has to hold XRP before retiring early. The developer answered humorously that it could be held indefinitely, adding that some investors could reach early retirement this year, while others may need a few more years. He emphasized that the timeline ultimately depends on how many tokens an investor holds.  

How High The Altcoin Could Rise To Enable Early Retirement

Addressing questions from the crypto community members, Bird shared his outlook on how high he believes XRP’s price could rise, helping investors achieve early retirement. He predicted that within the next few years, the cryptocurrency could rise to $100 and beyond—a significant jump from its current market price of around $1.90. 

Related Reading: How Donald Trump’s Latest Crypto Move Will Boost Demand For XRP

The Ledger developer suggested that reaching $100 could be a gradual process for the altcoin, forecasting an initial rally to $10 in the First Quarter (Q1) of 2026. Notably, Bird’s remarks reflect a classic buy-the-dip and hold strategy, where investors accumulate during downtrends and patiently wait for the price to rally explosively before taking profits.

Ukrainian forces have destroyed an Iranian-made Shahed-107 attack drone using a STING interceptor drone during active combat operations, according to a report by the Ukrainian defense outlet Militarniy. The interception was carried out by fighters from the Sky Wars unit of the 47th Mechanized Brigade “Magura,” who used the STING drone interceptor to shoot down […]

Crypto analyst CryptoBull has highlighted targets that XRP could reach as it eyes double digits. The analyst is confident the altcoin could reach these targets, noting that current price action is mirroring the previous bull run. 

XRP Eyes Rally To $11 And Then $70

In an X post, Crypto Bull stated that the next impulse will take XRP to $11 and that the last wave will take the altcoin to $70. This came as he noted that the price pattern is mirroring the previous bull run, with the only difference being time, which he claimed makes sense, as the altcoin needs longer accumulation to reach higher prices. 

The analyst also indicated that it could take a year of accumulation for XRP to reach the $11 price target, meaning the last wave to $70 could take much longer. This prediction comes despite the current decline in the crypto market, with XRP trading below the psychological $2 price level.  

Despite the current bearish sentiment, crypto analyst CW has also declared that the XRP rally is about to begin and that the road to $21.5 is just the beginning. He noted that this is the Phase 4 peak while the first goal is for the altcoin to break its current all-time high (ATH). 

His accompanying chart showed that XRP could reach this $21 target by year-end. Meanwhile, there is the possibility of the altcoin rallying above $100 in the next Phase 1, which could happen next year. Crypto Pundit X Finance Bull recently highlighted the CLARITY Act and Trump’s tariffs as factors that could boost XRP’s demand and lead to higher prices for the altcoin. 

He expects the CLARITY Act to boost XRP’s demand, especially with Trump’s Crypto Czar predicting that more banks will enter into crypto once the bill passes. X Finance Bull predicts that XRP will be the token of choice for these banks based on his belief that Ripple will provide the rails to onboard them. 

XRP Breaking Out Of Multi-Year Triangle

Crypto analyst XForce revealed in an X post that XRP is breaking out of the largest 6+ year triangle in history, yet people are calling it a fakeout. He added that he is not a permabull or permanbear on the altcoin but that he follows trends and plays macro breakout patterns. His accompanying chart indicated that XRP was on the verge of a move to the upside, with a potential rally above $11.50. 

On the lower timeframe, crypto analyst Chart Nerd stated that XRP is currently breaking out of a two-week falling wedge structure. He noted that this is a bullish reversal pattern that could send the altcoin back to $2.40 in the short term, as this is where the wedge formed. He highlighted a key resistance between $2.13 and $2.20, which the altcoin will need to break above to confirm a reversal. 

At the time of writing, the XRP price is trading at around $1.92, up in the last 24 hours, according to data from CoinMarketCap.

GameStop moved its entire Bitcoin stash into Coinbase Prime this month, according to blockchain trackers that monitor large transfers.

The wallet associated with the company sent a large deposit to the institutional arm of Coinbase, a platform used by big traders and companies.

Analysts watching on-chain flows immediately flagged the move as a likely setup for a sale, though no confirmed sell orders have been announced.

Big Move To Coinbase Prime

According to on-chain reports, GameStop holds 4,710 BTC that it bought last year, and that full balance was shifted into Coinbase Prime.

The company first bought the coins in May 2025 at prices that averaged near $107,900 per BTC, a buy that cost roughly $504 million at the time.

Moving a corporate treasury from cold storage to an active institutional account is often read as a step toward execution — to sell, hedge, or rebalance — but it is not the same as a sale itself.

GameStop throws in the towel?

Their on-chain wallets just moved all BTC holdings to Coinbase Prime, likely to sell.

Between May 14–23, 2025, they bought 4,710 BTC at an avg. price of $107.9K, investing ~$504M.

Now selling for around $90.8K, potentially realising approximately… pic.twitter.com/Bp7MwRVQ43

— CryptoQuant.com (@cryptoquant_com) January 23, 2026

What Analysts Are Saying

Reports say the math is simple and stark: selling now, with Bitcoin trading closer to the $90,000 area, would lock in a sizable loss versus the initial purchase price.

Several analytics firms put that figure near $76 million if the whole lot were sold at recent market levels. Some market watchers suggest the company could be doing tax-loss harvesting or trimming volatile assets on its books.

Others view it as a pragmatic adjustment to reduce treasury exposure to crypto swings. Still, defenders of the move point out that GameStop’s Bitcoin stake was never a core retail play; it was a treasury experiment meant to diversify.

How Much Has Already Moved

Not all outlets agree on timing or size of day-by-day transfers. Reports note that some transfers earlier this month added up to about half of the original position — roughly 2,396 BTC moved in smaller tranches before the full deposit was flagged.

On-chain sleuths track each shift, and those staggered movements can mean many things: a staged sale, an internal reorganization, or simply routing through a trusted custodian before any trades.

Market And Shareholder Reaction

Share action around GameStop has not mirrored the crypto chatter. While Bitcoin watchers focused on the wallet move, investors were also reacting to company news on other fronts, including fresh share purchases by CEO Ryan Cohen.

Featured image from PeterPhoto, chart from TradingView

Royal Navy warships and aircraft were activated to shadow Russian naval vessels during a two-day operation in the English Channel, the UK Ministry of Defence confirmed, as Russian forces transited waters near Britain en route to the North Sea. Portsmouth-based patrol ships HMS Mersey and HMS Severn were deployed alongside a Wildcat helicopter from 815 […]

With an impending winter storm expected to dump as much as 10 inches of snow — and then freezing rain on top of that — in the Washington, D.C. metro area, the Office of Personnel Management decided late Friday night to close federal offices on Monday and institute maximum telework.

OPM said in its weather status update that telework and remote workers are expected to work, but “non-telework employees generally will be granted weather and safety leave for the number of hours they were scheduled to work. However, weather and safety leave will not be granted to employees who are on official travel outside of the duty station or on an Alternative Work Schedule (AWS) day off or other non-workday.”

Additionally, OPM said emergency employees are expected to report to their worksite unless otherwise directed by their agencies.

Scott Kupor, OPM director, posted the decision on X.

Update (and the final one) – We have decided to close federal offices in the region for Monday. We will update the official status on the @USOPM website shortly. We hope that everyone stays safe (and warm) over the weekend. https://t.co/iJugsRw0iz

— Scott Kupor (@skupor) January 23, 2026

WTOP, Federal News Network’s partner station, said snow is expected to start in the DC metro area Saturday night and then get heavier into Sunday morning. Temperatures aren’t expected to climb out of the 20s, making the situation more difficult.

For federal employees outside of the DC metro area affected by the winter storm, each agency will make their operating status decision, according to the governmentwide dismissal and closure policy, which OPM updated in December.

“Federal field office heads generally make workforce status decisions for their agencies’ employees and report those workforce status decisions to their agencies’ headquarters,” the guidance stated. “Agencies located outside the ‘Washington capital beltway’ should consider governmentwide operating status announcements when developing local operating status announcements. Employees should always check their agencies’ operating status. Agency-issued operating status announcements should include procedures concerning telework, arrival and departure times, and leave requests.”

In previous years, the Federal Executive Boards (FEBs) coordinated weather and other emergency related closures. The Trump administration eliminated the FEBs in April.

The number of federal employees able to participate in situational telework or who are full-time teleworkers or remote workers is unclear. The Trump administration mandated federal employees return to the office on a full-time basis in January.

OPM did issue the fiscal 2025 telework report to Congress in December. In that report for 2024, 1.3 million, or 53%, of all employees were eligible to telework, which was a 2.2% decrease from 2023. Of those employees who were eligible to telework, 1 million, or 40%, participated in some form of telework, routine or situational. OPM said this was a decrease of 3.6% over 2023.

The post OPM makes the call early: Fed offices in DC closed on Monday first appeared on Federal News Network.

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