KLEA Crypto Daily: Wednesday, January 28, 2026

Published: January 29, 2026 – 00:03 UTC

Here’s a look back at the key stories from January 28, 2026.

Tesla Reports $239 Million Loss on Bitcoin Holdings in Q4 2025

Tesla recorded a $239 million after-tax impairment loss on its Bitcoin holdings in the fourth quarter of 2025, despite keeping its position unchanged at 11,509 coins. The decline in Bitcoin's value from approximately $114,000 to $88,000 led to the significant loss.

Bitcoin Miners Halt Operations Amid Winter Storm, Boosting Profits

Bitcoin miners in the United States have temporarily ceased mining activities due to a severe winter storm, opting to sell electricity back to the grid. This strategic move has resulted in a profit increase of up to 150%, with the Bitcoin hashrate dropping to a seven-month low.

Tesla Shares Rise 4% Following Strong Earnings Report

Tesla's stock experienced a 4% increase in after-hours trading following the company's announcement of adjusted earnings per share for the fourth quarter that exceeded market expectations. The positive financial results contributed to the surge in stock value, reflecting investor confidence in Tesla's performance.

Scammers Exploit Trademark Dispute to Launch CLAWD Meme Coin

Scammers took advantage of a trademark dispute to launch meme coin CLAWD, inflating it to $16 million and tarnishing a viral AI project in a cautionary tale.

Fidelity Chooses Ethereum for Stablecoin, Signaling Institutional Comfort

Fidelity's decision to launch FIDD stablecoin on Ethereum is seen as a signal of growing institutional comfort with public blockchain infrastructure, according to industry experts.

Google Rolls Out Gemini 3 as Default for AI Search Globally

Google upgrades Search with Gemini 3 as the default AI model worldwide, enabling seamless transitions between AI Overviews and conversational AI Mode.

Coinbase Prediction Markets Go Live in All 50 US States via Kalshi

Coinbase launches prediction markets in all 50 US states through Kalshi, expanding accessibility to users across the country.

Coinbase Ads Pulled in UK After Regulator Flags Socially Irresponsible Tone

The UK’s Advertising Standards Authority has banned a series of advertisements from Coinbase, ruling that the campaign was socially irresponsible and risked misleading consumers during a period of economic stress. The decision covers one video advertisement and three poster ads that appeared across London Underground stations and rail hubs in August.

Bybit Becomes Top Venue for XAUT as Tokenized Gold Hits Records

Bybit is emerging as the main hub for tokenized gold trading as the metal enters a new phase of its macro-driven rally. The exchange now accounts for roughly 15.75% of global spot trading volume in Tether Gold (XAUT) across centralized exchanges, reflecting the growing interest in gold as a hedge amid inflation uncertainty and geopolitical stress.

Ripple Treasury Debuts to Bridge Cash Management and Digital Assets

Ripple has launched Ripple Treasury, a new integrated platform designed to help corporations and financial institutions manage cash, crypto, and cross-border payments from a unified interface. The Treasury debut is a strategic push by Ripple to blend traditional treasury functions with digital asset workflows, enabling corporate treasurers and finance teams to view and move liquidity across fiat accounts, crypto holdings, and cross-border settlement channels.

BlackRock is Cannibalizing Bitcoin Gains for “Income”

BlackRock is moving deeper into the “Bitcoin as a portfolio sleeve” trade by packaging Bitcoin's volatility into distributable income through the iShares Bitcoin Premium Income ETF. This move could potentially leave retail investors behind during rallies as the product translates volatility risk into a “yield” label, further integrating Bitcoin into traditional financial instruments.

Fidelity to Launch Dollar-Backed Stablecoin FIDD on Ethereum

Fidelity Investments announced the upcoming launch of the FIDD stablecoin on Ethereum. The stablecoin, backed by cash, cash equivalents, and short-term U.S. Treasuries, aims to support 24/7 institutional settlement.

Vitalik Buterin Profits $70,000 on Polymarket with Anti-Insanity Mode Strategy

Ethereum co-founder Vitalik Buterin revealed earning $70,000 on Polymarket last year by betting against irrational market behavior. Buterin's strategy involves betting on markets with "crazy mode" and expecting that "crazy things won't happen," showcasing a unique approach to prediction markets.

Tether’s Strategic Gold Acquisition to Strengthen XAUT Stablecoin

Tether is purchasing up to $1 billion in gold monthly to reinforce its reserves and support its XAUT stablecoin. This initiative reflects Tether’s strategic approach to enhance the backing and attractiveness of its gold-backed stablecoin.

Bitget Wallet Shifts Toward an Everyday Finance App

Bitget Wallet has transitioned into an all-in-one everyday finance app, focusing on payments at the core of the user experience. This move comes as crypto wallets evolve beyond investment purposes into daily financial management tools.

US Dollar Faces Continued Pressure Amid Political and Economic Concerns

The US dollar continues to face vulnerabilities due to political and economic uncertainties, including remarks from former President Trump and concerns about a dovish Federal Reserve Chair nomination. Additional risks, such as a potential US government shutdown, are further impacting the dollar's stability, with markets closely monitoring the Federal Reserve's guidance for potential further depreciation.

Source: KLEA News