Weekly Recap | Truebit Security Incident, Bitcoin Approved for Wealth Allocation in the U.S., Echobi
2026.01.12
Weekly Review (Jan 5 – Jan 11)
Last week, U.S. equities experienced mild volatility, with the S&P 500 and Nasdaq posting modest gains. From a broader perspective, market uncertainty remains closely tied to upcoming inflation and consumption data. The crypto market saw a noticeable pullback, with total market capitalization standing at approximately $3.19 trillion, down 0.9% week-over-week. U.S. spot Bitcoin ETFs recorded cumulative net inflows of around $56.4 billion, indicating relatively stable capital conditions.
This recap highlights the key developments from the past week and outlines major trends to watch in the week ahead.
Market Pulse
Bitmine staked an additional 86,400 ETH, bringing its total staked holdings to approximately 1.052 million ETH
A growing number of high-net-worth investors are using crypto assets to purchase real estate in Europe
FBI data shows crypto ATM-related fraud losses reached $240 million in the first half of 2025
Total stablecoin transaction volume hit a record $33 trillion in 2025, with USDC leading in volume
Morgan Stanley plans to launch a digital wallet this year to support tokenized assets
Truebit suffered a security breach, resulting in the loss of over 8,500 ETH
Funding & M&A
Nine funding rounds were announced last week, totaling more than $400 million, primarily across DeFi and AI sectors
RWA project TBook reported cumulative funding exceeding $10 million
Decentralized protocol Babylon raised $15 million in a round led by a16z Crypto
Blockchain network ZenChain secured $8.5 million with participation from DWF Labs and others
Web3 collaboration network Boings.ai completed a seed round at a $30 million valuation
Policy & Compliance
Tennessee ordered Kalshi, Polymarket, and Crypto.com to halt offering sports event contracts to state residents
South Korea’s Supreme Court ruled that Bitcoin held on exchanges is subject to seizure
French tax authorities were reported to have potentially leaked information on crypto holders
The U.S. Senate Banking Committee scheduled a crypto market structure bill review for January 15
Japan officially adopted the OECD crypto asset reporting framework starting January 1, 2026
Bank of America now allows wealth advisors to recommend up to a 4% Bitcoin allocation
Echobit Highlights
The 10 BTC Year-End Carnival continues, with the full prize pool unlocked after trading volume surpassed $5 billion
The Welcome 2026 Lucky Draw is live, offering a share of $200,000 and an iPhone 17 Pro Max
The Meme Contest invites users to express market sentiment through creativity
The Scrambled Letters Challenge tests participants’ ability to decode fragmented clues
Echobit World Tour Stop 4 launches with landmark-themed interactive activities
The new emoji design campaign invites users to turn ideas into official expressions
The Food Agent project brings a lighthearted London-themed community experience
A Taskon campaign launched in collaboration with GoldFingerRWA
Echobit Global Adventure Stop 2 features a Statue of Liberty-themed community challenge
Week Ahead (Jan 12 – Jan 18)
U.S. December CPI (non-seasonally adjusted) release
U.S. initial jobless claims for the week ending January 10
Economic outlook remarks from FOMC members and the Philadelphia Fed President
Major token unlocks scheduled for ONDO, TRUMP, CONX, and others
Echobit will continue to monitor global crypto developments, focusing on market movements, regulatory shifts, and funding trends to help users navigate market cycles with confidence.