Top 5 Crypto News of the Week! (12 - 18 January)
Dear PointPay Family,
We are announcing the news summary of the week! Immerse yourself in the key changes of recent days in our selection of the top 5 news.
Eric Adams Rejects Claims Linked to NYC Token Launch
Former New York City Mayor Eric Adams has pushed back against accusations surrounding the launch of the NYC Token, which some investors claim was tied to questionable liquidity movements. According to Adams’ spokesperson, he neither accessed user funds nor earned any personal income from the project.
The statement directly challenges earlier comments made by the token team, creating conflicting versions of events. As scrutiny continues, the situation highlights growing concerns around transparency and accountability in public-facing crypto initiatives.
Bitcoin Mining Water Heater Debuts at CES 2026
An unconventional device combining Bitcoin mining and home utilities was showcased at CES 2026. The system integrates ASIC miners into a standard 50-gallon electric water heater, allowing it to generate Bitcoin while heating water.
Developers say the unit consumes no more power than a typical water heater. Mining rewards could potentially cover the full cost of water heating, presenting a new approach to energy reuse and household mining.
Crypto Rally Triggers Major Short Liquidations
A sharp move higher in the crypto market forced nearly $700 million worth of short positions to close, as Bitcoin and Ethereum broke through key resistance levels. Bitcoin climbed above $95,000 and briefly touched $97,800 within a day, while Ethereum advanced past $3,300 for the first time in 2026.
The rapid price increase caught leveraged traders off guard, with short positions in Bitcoin and Ether accounting for most of the liquidations. Market analysts suggest the momentum may continue as confidence returns.
Market Sentiment Shifts as Crypto Enters “Greed” Zone
Investor mood in the crypto market has improved notably, with the Crypto Fear & Greed Index moving into the “greed” range for the first time since October. The index reached 61, following a steady recovery from prolonged periods of fear.
Sentiment had collapsed after a massive market wipeout in October, which erased billions in value. Traders often watch this index to assess whether market conditions support active trading or a more cautious stance.
Monero Hits Record Price Amid Rising Regulatory Pressure
Monero reached a new all-time high above $687 as demand for privacy-focused cryptocurrencies continues to grow. The asset posted double-digit gains in a single day and has surged sharply over the past week, outperforming much of the broader market.
Stricter compliance rules and expanding oversight of crypto transactions are pushing some investors toward privacy-oriented assets. With new regulations on the horizon, including planned restrictions in the EU, interest in financial privacy is becoming a stronger market driver.
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