Trump-Linked World Liberty seeks US trust bank charter for Stablecoin USD1

  • The proposed trust bank would operate solely within stablecoin services under OCC supervision.
  • USD1 has reached over $3.3 billion in circulation within a year of launch.
  • The stablecoin is fully backed by US dollars and short-term US Treasury assets.

World Liberty Financial, a crypto firm linked to the Trump family, has applied for a national trust bank charter, a move that would place its stablecoin issuance and custody activities within the traditional banking regulatory framework.

USD1’s circulation rapidly increased to more than $3.3 billion within a year of its issuance.

Trust bank filing

According to filings with the US Office of the Comptroller of the Currency, World Liberty Financial has applied to launch World Liberty Trust Company through its subsidiary WLTC Holdings LLC.

The proposal outlines a national trust bank designed solely for stablecoin-related activity.

The trust bank would be authorised to issue, redeem, and custody USD1. It would not offer traditional lending or retail banking services.

Instead, it would operate within the long-established OCC trust bank framework, which requires strict asset segregation, independent reserve oversight, and regular examinations.

If approved, World Liberty Financial would operate under the same federal supervision applied to traditional trust institutions.

Stablecoin services

World Liberty Trust Company plans to offer three core services under US regulatory supervision.

These include minting and redeeming USD1, enabling conversion between US dollars and the stablecoin, and providing custody for USD1 and other approved stablecoins.

At launch, minting and redemption are expected to be fee-free.

All services would follow anti-money laundering rules, sanctions screening, and enhanced security controls.

The structure is also designed to align with the proposed GENIUS Act, which aims to establish clear federal standards for stablecoin issuers operating in the US.

USD1 growth

USD1 has expanded quickly since its launch, reaching about $3.3 billion in circulation within its first year. This growth places it among the fastest-scaling stablecoins so far.

The token is fully backed by US dollars and short-term US Treasury assets held with regulated financial institutions.

The stablecoin already operates across multiple blockchains, including Ethereum, Solana, BNB Smart Chain, TRON, Aptos, and AB Core.

It is also listed on major exchanges such as Binance and Coinbase, making it accessible to both retail and institutional users.

Regulatory pathway

If the OCC grants approval, the trust bank would initially focus on institutional clients seeking regulated stablecoin issuance and custody services.

The review process is expected to be detailed, covering capital adequacy, compliance infrastructure, and risk management systems.

The move follows earlier steps by US regulators to engage with crypto firms.

In December last year, the OCC issued conditional approvals to firms including Fidelity Digital Assets, Ripple, Paxos, and Circle.

More recently, Crypto.com and Coinbase have also submitted applications, reflecting a broader industry push toward federally regulated crypto banking structures.

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Bitcoin price slips below $91,000 after $95K rejection as bears regain control

  • Bitcoin price saw a slight dip and sat near $91,300 at the time of writing.
  • Gains on Tuesday followed bullish news from the MSCI.
  • Will BTC bounce to reclaim $94,000, or will another rejection push prices under $90,000?

Bitcoin slipped to below $91,000 after hitting a fresh rejection near the $95,000 resistance level.

The decline came amid a 3% dump for the bellwether cryptocurrency in the early US trading session on January 7, 2026.

Market data shows the price of Bitcoin fell to lows of $90,986 across major exchanges. However, bulls were showing resilience as the price moved back above $91,300 at the time of writing.

Mixed market sentiment as Bitcoin slips to $91k

Bitcoin price faced renewed selling pressure on Wednesday as bearish forces regrouped and looked to regain control after the crypto market’s brief rally.

On Tuesday, Bitcoin had jumped to near $95,000 before hitting a fresh rejection.

The dip to under $91,000 showed a mixed market outlook regarding the MSCI announcement that the index provider would not remove Strategy and other digital asset treasury companies from its benchmarks.

As seen across the market, this decision alleviated fears of forced selling by passive funds, sparking optimism and contributing to BTC’s temporary pump.

Morgan Stanley’s filing for spot Bitcoin and Solana ETFs also acted as a fresh tailwind.

However, amid outflows from spot Bitcoin ETFs, the positive sentiment soon gave way to some jitters. Bulls showed hesitation as investors weighed what the MSCI planned ahead of the upcoming review.

While many celebrated the news, some pointed to what the index noted.

CryptoQuant analyst Maartunn shared this cautious outlook via X:

“MSCI didn’t reject the idea of excluding crypto-heavy firms. They’re just delaying the decision and plan a broader review of investment-style companies,” he posted. “This feels more like a warning shot than a green light.”

Bitcoin price jitters

Bitcoin’s next move will be key for both bulls and bears.

Trading volumes have remained elevated in the past 24 hours, despite overall weakness and macroeconomic readings. A rebound from the pullback will accelerate a new rally.

But persistent bearish pressure could yet lead to another rejection. The RSI and MACD indicators on the 4-hour chart suggest sellers have an upper hand.

If prices slip under $90,000, a deeper correction may mean a revisit of support at $87k and then $85k.

Bitcoin Chart
Bitcoin 4-hour chart by TradingView

In the short term, the $91,000 zone will act as a pivotal support.

An uptick and decisive close above $92,500 could signal renewed bullish conviction, potentially opening the door for a bullish retest of $95,000 and higher targets toward $100,000.

 

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Bitcoin ETF flows turn negative after explosive start to 2026

  • Bitcoin ETF outflows return after blockbuster start to 2026

  • Fidelity-led selling offsets early-year Bitcoin ETF surge

  • Ethereum, XRP and Solana ETFs still attract fresh inflows

US spot Bitcoin exchange-traded funds slipped back into negative territory on Tuesday, snapping a brief run of strong inflows that had marked the opening days of 2026.

According to data from SoSoValue, Bitcoin ETFs recorded $243 million in net outflows on Tuesday, marking the first day of negative aggregate flows this year.

The reversal followed a powerful start to the year, during which the products attracted more than $1.16 billion in net inflows across the first two trading sessions.

Fidelity and Grayscale drive outflows

The pullback was led by Fidelity’s Wise Origin Bitcoin Fund (FBTC), which saw $312.24 million exit the fund on Tuesday.

Grayscale’s flagship Bitcoin Trust (GBTC) also recorded notable withdrawals, with $83.07 million in net outflows. Grayscale’s Bitcoin Mini Trust saw a further $32.73 million leave the product.

Funds managed by Ark & 21Shares and VanEck also posted net outflows during the session, contributing to the overall negative total for the day.

The selling pressure was partially offset by continued demand for BlackRock’s iShares Bitcoin Trust (IBIT), which took in $228.66 million on Tuesday.

Date IBIT FBTC BITB ARKB BTCO EZBC BRRR HODL BTCW GBTC BTC Total
06 Jan 2026 228.7 -312.2 0.0 -29.5 0.0 0.0 0.0 -14.4 0.0 -83.1 -32.7 -243.2
05 Jan 2026 372.5 191.2 38.5 36.0 15.0 13.6 7.2 5.3 0.0 0.0 17.9 697.2
02 Jan 2026 287.4 88.1 41.5 6.7 4.5 13.0 0.0 8.3 0.0 15.4 6.4 471.3
31 Dec 2025 -99.0 -66.6 -13.8 -76.5 0.0 -5.1 0.0 -6.8 0.0 -69.1 -11.2 -348.1
30 Dec 2025 143.7 78.6 13.9 109.6 0.0 0.0 0.0 5.0 0.0 0.0 4.3 355.1

IBIT was the only US spot bitcoin ETF to record net inflows during the session.

Despite the single-day reversal, IBIT remains the standout performer early in the year.

Across the first three trading days of 2026, the fund has attracted a cumulative $888 million in net inflows, underscoring its dominant position in the market.

Ethereum and altcoin ETFs buck the trend

While Bitcoin ETFs saw redemptions, other crypto-linked products continued to attract capital.

US spot Ethereum ETFs recorded $114.7 million in net inflows on Tuesday, even as some products from Grayscale and Fidelity experienced outflows.

Altcoin-focused ETFs also remained in positive territory.

XRP ETFs added $19 million in net inflows, while Solana ETFs saw $9 million flow into the products, highlighting continued investor interest beyond Bitcoin despite broader market volatility.

Explosive start still shapes 2026 narrative

Tuesday’s outflows came after what had been an exceptionally strong opening to the year for Bitcoin ETFs.

In the first two trading days of 2026 alone, US spot Bitcoin ETFs pulled in more than $1.2 billion in net inflows, placing the sector on pace for a potentially record-setting year if momentum resumes.

“The spot Bitcoin ETFs are coming into 2026 like a lion,” said Bloomberg senior ETF analyst Eric Balchunas on Tuesday.

Balchunas noted that inflows exceeded $1.2 billion in just two days, with nearly all funds participating.

The WisdomTree Bitcoin Fund was the lone exception, he said.

He added that maintaining this pace would imply annual inflows of roughly $150 billion, or about 600% more than total inflows recorded in 2025.

“Told ya’ll if they can take in $22 billion when it’s raining, imagine when the sun is shining,” Balchunas said.

US spot bitcoin ETFs attracted $21.4 billion in net inflows in 2025, down from $35.2 billion in 2024.

BlackRock’s IBIT accounted for the majority of last year’s inflows.

Momentum accelerated sharply on Monday, when bitcoin ETFs logged $697 million in net inflows — the largest single-day intake in three months — as Bitcoin prices reclaimed and held above the $90,000 level following a volatile end to 2025.

Adding to the sector’s momentum, Morgan Stanley disclosed in a filing with the U.S. Securities and Exchange Commission on Tuesday that it plans to launch Bitcoin and Solana ETFs.

According to the filing, the proposed Morgan Stanley Bitcoin Trust will be a passive vehicle designed to track bitcoin’s spot price and will not employ leverage or derivatives.

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SUI price rallies as former CFTC Commissioner joins SUI Group Holdings board

  • Ex-CFTC Commissioner Brian Quintenz joined SUI Group Holdings’ board.
  • SUI price has broken the $1.80 resistance with strong volume and on-chain growth.
  • ETF-driven market rebound amplified SUI’s high-beta upside momentum.

The SUI price has staged a strong rally as the market reacts to a combination of regulatory credibility, technical momentum, and improving broader crypto sentiment.

SUI has gained 8.57% over the last 24 hours, extending its weekly advance to 29.15% and significantly outperforming the wider crypto market rebound.

This rally places SUI among the strongest large-cap altcoin performers during the current risk-on phase.

At the centre of this rally is a high-profile governance development involving SUI Group Holdings.

CFTC Commissioner Brian Quintenz joins SUI Group Holdings board

SUI Group Holdings announced the appointment of former CFTC Commissioner Brian Quintenz to its board of directors, effective January 6.

Quintenz joins the board as an independent director and will also serve on the audit committee.

He previously served as a commissioner at the Commodity Futures Trading Commission and later as Global Head of Policy at a16z crypto.

This appointment immediately strengthened perceptions of regulatory legitimacy surrounding SUI Group Holdings and its institutional strategy.

SUI Group Holdings is a Nasdaq-listed company that maintains a treasury of approximately 108 million SUI tokens.

The company has positioned itself as an institutional gateway to the Sui ecosystem through structured treasury management and infrastructure alignment.

Brian Quintenz publicly framed his appointment as a validation of SUI Group Holdings’ SUI treasury strategy.

That messaging resonated strongly with investors seeking regulatory clarity amid increased scrutiny of digital asset markets.

For many market participants, the presence of a former CFTC Commissioner reduces perceived governance and compliance risk.

This regulatory signalling has become a meaningful catalyst for the SUI price rally.

Technical breakout confirms growing demand

Beyond governance headlines, the SUI price has delivered a decisive technical breakout.

SUI moved above the key $1.80 resistance level and continued higher toward $1.98, marking a multi-month high.

The breakout was supported by a sharp expansion in trading activity.

The 24-hour trading volume surged to approximately $2.19 billion, representing a 132% year-over-year increase.

A high trading volume during a resistance break is often interpreted as confirmation of trader conviction.

On-chain data further supports the bullish narrative.

Transaction activity on the Sui network has increased by roughly 30% since late November.

This rise suggests growing organic usage across decentralised finance (DeFi), gaming, and application-layer deployments.

Importantly, the market also absorbed a $65 million SUI token unlock on January 1 without sustained downside pressure.

Token unlock absorption is frequently viewed as a stress test of underlying demand.

SUI’s ability to maintain upward momentum following the unlock reduced fears of supply-driven sell-offs.

Together, these factors reinforced confidence that the rally was not purely speculative.

SUI price forecast

The near-term SUI price forecast remains constructive but increasingly dependent on key technical levels.

The former resistance zone around $1.85 now acts as an important support area.

Holding above this level would signal continued structural strength.

Below that, the 50-day exponential moving average (EMA) near $1.66 represents a critical medium-term support.

SUI price analysis
SUI price analysis | Source: TradingView

On the upside, sustained momentum could allow SUI to challenge the 100-day EMA near $2.00.

A successful break above $2.10 would likely attract trend-following capital and further volume expansion.

However, failure to hold above $1.85 could trigger short-term consolidation after the sharp rally.

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XRP price breaks to $2.4: can bulls push prices even higher?

  • XRP price rose to $2.40 as altcoins rally in early 2026.
  • Bulls could extend gains amid broader market momentum.
  • Several catalysts might bolster the Ripple Army.

XRP, the cryptocurrency token of Ripple, has experienced a remarkable double-digit surge, with the price climbing to $2.4 as of writing on January 6, 2026.

This rally might not only boost investor confidence but also spark renewed speculation amid the return of the “Ripple Army”.

In the past year, this fervent community of supporters that has long championed XRP’s potential, helped push prices to near a new all-time high.

While the dip has been brutal, surmounting regulatory hurdles and market demand for XRP investment products offer fresh catalysts for bulls.

XRP soars to $2.4

The surge began late last week, with XRP trading at around $1.95 on January 2, 2026, before gaining momentum over the weekend.

By early Tuesday, the token had risen over 23% in the past week.

Over 24 hours, the price was up 11% and saw an intraday peak of $2.4.

This move accelerated during the Asian trading session, with trading volumes surpassing $8.25 billion — a 138% increase within this period.

The double-digit increase in price pushed XRP’s market capitalisation beyond $140 billion.

XRP remains the fourth-largest cryptocurrency by market value, behind Bitcoin, Ethereum, and Tether.

XRP price gets bullish push

Analysts say the rally reflects a combination of supportive factors, led by a broader upswing across the cryptocurrency market.

Improving sentiment has been reinforced by renewed inflows into crypto-linked spot exchange-traded funds.

Bitcoin-backed ETFs recorded net inflows on Monday, ending a recent run of outflows and signalling a shift in short-term positioning.

At the same time, spot ETFs tied to Ripple have continued to attract fresh capital, extending a streak of net inflows that has been in place since their launch in November 2025.

Bitcoin’s rally to above $94,000 means it could eye $100,000 next.

If this happens, an overall bounce with more capital could flow into altcoins like XRP will follow.

Significantly, bullish sentiment has also emerged amid Ripple’s expansion.

What’s next for XRP?

XRP’s trajectory hinges on several key developments, with optimists pointing to continued interest in XRP exchange-traded fund (ETF) as a marker.

Volatility, however, is inherent in crypto markets. Macroeconomic conditions and any adverse regulatory shifts also remain key headwinds.

The technical picture nonetheless signals a potential breakout to $4 or higher in the short term.

Immediate resistance is at $2.8, and the $3.8 peak hovers large for bulls.

If upside momentum fails, support levels are around $2.0 and $1.8.

XRP price is poised near $2.34 at the time of press.

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