News

PANews reported on January 17 that Trust Wallet issued a security reminder on X, stating that it will never ask users for their mnemonic phrases or private keys. If such a situation occurs, it is not from Trust Wallet. If you have any doubts, you should immediately pause transactions and contact Trust Wallet through official channels. Previously, it was reported that Trust Wallet experienced a security incident due to a vulnerability in browser extension version 2.68, resulting in a total loss of approximately $8.5 million in stolen assets.

BlockBeats News, January 17 — As the bitcoin price approaches $100,000 in early 2026, the latest remarks by U.S. President Trump regarding the candidate for Federal Reserve Chair are being seen by the market as a potential "price turning point." According to Reuters, Trump recently stated publicly at the White House that, despite widespread expectations that White House economic advisor Kevin Hassett would succeed current Chair Powell, he is "more inclined to keep Hassett in his current position," saying that a transfer would be "a serious concern." These comments quickly dampened market bets on Hassett becoming the next Federal Reserve Chair. Affected by this, the probability of Hassett's election on the prediction market Polymarket dropped sharply, while his main competitor, former Federal Reserve Governor Kevin Warsh, saw his chances rise to nearly 60%. Market analysis points out that Hassett is seen as a more dovish candidate; if he were to become Federal Reserve Chair, it could be more favorable for rate cut expectations in 2026, thereby supporting bitcoin and risk asset performance. In contrast, Warsh is relatively more hawkish, which means a high interest rate environment may persist longer, putting short-term pressure on crypto assets. Although Warsh has invested in crypto companies and served as an advisor to institutional-grade crypto bank Anchorage, analysts believe his monetary policy stance is less accommodative than Hassett's. Nansen Chief Research Analyst Aurelie Barthere pointed out that Hassett "originally showed greater support for the crypto market."

According to Odaily, Cryptoquant analyst DarkFrost stated that the selling pressure from OG holders has significantly decreased, with the 90-day average of spent UTXOs dropping from a cycle high of around 2,300 BTC to the 1,000 BTC level. The current trend is more inclined towards holding, which is consistent with the largest net outflow of bitcoin from exchanges since December 2024. Analysis shows that bitcoin has entered a breakout phase and may be poised to challenge the target price of $107,000, driven by technical indicators, reduced selling pressure from long-term holders, and continued BTC outflows from exchanges. On the macro side, the correlation between bitcoin and gold has turned negative. Historical data shows that in such situations, BTC typically rises by an average of 56% within about two months.