MetaMask Rolls Out Native Tron Support
BTC stalled below $97k and is now range-bound around $95.5k as spot ETF inflows slowed materially after two outsized sessions; ETH is modestly off its recent peak near $3.4k but remains close to $3.3k, supported by continued spot ETF buying, strong DAT and staking demand, and an unprecedented validator entry queue of roughly 2.5m ETH, alongside fresh accumulation from BitMine. US equities rebounded on TSMC’s stronger-than-expected 2026 capex and revenue outlook plus a US–Taiwan trade pact, while small caps extended their run of outperformance, even as multiple Fed speakers signalled a preference to keep policy restrictive. Meanwhile, market structure headlines stayed active, with South Korea progressing STO legislation effective 2027, CME planning new ADA, LINK and XLM futures from 9 Feb 2026, IBKR enabling 24-7 USDC funding with additional stablecoins to follow, MetaMask rolling out native Tron support, and Galaxy completing the initial close of a $75m tokenised CLO on Avalanche.

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Market Snapshot: Overnight Moves

Daily Updates:
- After a four-day rally, resistance at $97K has brought BTC to a temporary halt. It currently trades sideways around $95.5K, and continues to be supported by Spot ETF inflows, though they slowed down yesterday. After purchasing $753.8M on Tuesday this week, $840.6M on Wednesday, the 11 Spot funds purchased a more modest $100.2M worth of bitcoins.
- ETH is also slightly down after reaching a high close to $3.4K, though still remains close to the $3.3K level. It too has been supported by a string of cumulative net flows into its Spot ETF products, which purchased $164.4M worth of the token yesterday. ETH has also been bolstered by strong DAT and staking demand. More than 2.5M ETH is waiting in the validator entry queue to be staked — an unprecedented demand for ETH staking last seen in early August 2023.
- BitMine Immersion Technologies Inc. also purchased 24,266 ETH in the past week. The DAT now owns 3.45% of the token’s outstanding supply, making it the “largest ‘fresh money’ buyer of ETH in the world” (read more here).
- After two back-to-back negative days, the S&P 500 rebounded and closed 0.26% higher following a blowout earnings report from Taiwan Semiconductor Manufacturing Co. (TSMC), Asia’s largest technology company.
- TSMC has designated as much as $56B in capital spending for 2026, which was stronger than projected. The company also expects revenue growth of close to 30% in 2026, faster than what was expected by the market.
- That helped revive optimism around the longevity and strength of artificial intelligence, which has been a stronger driver of gains in US equities.
- Small cap equities continued to outperform, with the Russell-2000 delivering higher returns than the S&P 500 now for the tenth consecutive session.
- Sentiment was also supported by the announcement of a trade pact between the US and Taiwan that will see US tariffs on the island drop to 15%. Prior to the deal on Thursday, duties on Taiwanese goods into the US were tariffed at 20%.
- The deal also commits Taiwan’s technology companies into at least $250B in direct investments into the US’s advanced semiconductor, energy and artificial intelligence operations.
- A number of Fed speakers yesterday indicated a willingness to hold off on any rate cuts in the FOMC meeting at the end of the month.
- Kansas City President Jeff Schmid said “With inflation pressures still evident, my preference would be to keep monetary policy modestly restrictive”. Schmid also argued that further rate cuts are unlikely to help drive an increase in hiring in the labour market, which slowed down in 2025 — “I do not think further cuts in interest rates will do much to patch over any cracks in the labor market — stresses that more likely than not arise from structural changes in technology and immigration policy”.
- In an interview with CNBC, Chicago President Austan Goolsbee said that “The most important thing facing us is we’ve got to get inflation back to 2%”, especially given that “Indicators coming out of the Chicago Fed suggest strongly that there’s stability in the labor market. There’s still strength there, and growth has been pretty solid.”
- Finally, Atlanta Fed President Raphael Bostic also said yesterday “We don’t need to be in a rush to run anywhere. We need to make sure that we stay in a restrictive stance, because inflation is still too high, and those high prices are weighing on so many Americans.”
- One of the frontrunners for the Fed Chairman position, National Economic Council Director Kevin Hassett, argued that he has the skill set required to convince his potential FOMC members of his view on monetary policy.
- In an interview with Fox Business he said, “I am tough enough to win an argument. Anybody who’s come to this White House and taken every question you could get for five years — which is what I’ve done — is tough enough to go into a hostile room and help people understand why they’re right or they’re wrong.”
- South Korea’s National Assembly has passed amendments that create a legal framework for tokenised securities (STOs), allowing qualified issuers to mint and distribute on-chain securities for trading via brokerages and other intermediaries.
- The laws are expected to take effect in January 2027, with the FSC leading implementation and market infrastructure build-out.
- CME Group is set to broaden its regulated crypto derivatives suite with new futures on Cardano (ADA), Chainlink (LINK), and Stellar (XLM), with trading scheduled to begin 9 Feb 2026.
- Each product will launch in both standard and micro contract sizes, giving participants flexibility to hedge or take exposure with lower notional requirements.
- Interactive Brokers (IBKR) has enabled 24/7 account funding using USDC, letting clients move money and start trading in minutes and without waiting for bank wires.
- The setup runs via Zerohash, a crypto infrastructure provider, which receives USDC on Ethereum, Solana, or Base, converts it to USD, and credits the brokerage account (fees: 0.30%, min $1, plus network costs).
- IBKR says it will add Ripple’s RLUSD and PayPal’s PYUSD as early as next week, signalling stablecoins are becoming core trading infrastructure, not a side feature.
- BitMine Immersion Technologies announced that it has agreed to invest $200M in MrBeast’s Beast Industries, linking one of the largest Ethereum-treasury players with the world’s biggest single-creator business platform.
- The investment is an equity deal expected to close around 19 January, backing Beast Industries’ growth across content and consumer brands while opening the door to potential DeFi-enabled financial products.
- Bitmine also held its Annual Meeting yesterday, 15 Jan 2026.
- MetaMask has rolled out native Tron support across both its mobile app and browser extension, completing an integration developed with Tron DAO that was first announced last year.
- The update lets users hold and manage Tron assets and use Tron-native dapps directly inside MetaMask, while also enabling cross-chain swaps spanning Tron, EVM networks, Solana, and Bitcoin.
- It also adds practical Tron-native capabilities, such as sending USDT over Tron and staking TRX, broadening MetaMask’s coverage beyond its existing EVM multichain footprint and deepening its “one wallet for many ecosystems” proposition.
- Galaxy Digital announced on Thursday that it has completed the initial close of its first tokenised collateralised loan obligation (CLO) – a $75M issuance on Avalanche, designed to bring structured credit onto on-chain rails.
- The transaction is anchored by a $50M allocation from Grove, an institutional credit protocol in the Sky ecosystem, formerly MakerDAO, and funds a credit facility for Arch Lending, which originates overcollateralised crypto-backed consumer loans.
- Galaxy says the structure can scale to $200M, with senior notes priced at SOFR + 570 bps and an initial maturity of December 2026, alongside regulated distribution and trading infrastructure via INX, custody/trustee support from Anchorage Digital, and ongoing reporting via an on-chain transparency dashboard.
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