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A16z Secures $15 Billion! Jerome Powell Responds to Trump! Crypto Market Holds Steady! Special Guest: Dudas!
The crypto market remains stable as A16z raises $15 billion and Jerome Powell responds to Trump's claims about interest rates.
Mercation Admin
January 12, 2026 1 min read
As the cryptocurrency market opens the week, major coins are showing little movement. Bitcoin holds steady at $90,600, while Ethereum has experienced a slight increase of 1%, reaching $3,110. Solana has gained 2%, now priced at $140, though XRP has decreased by 2%, landing at $2.04. Notably, Internet Computer (ICP) has surged by 20%, and Monero (XMR) has seen a remarkable 15% rise, hitting a record high of $590.
In a recent statement, Jerome Powell, Chair of the Federal Reserve, addressed the criminal charges against him, attributing them to his refusal to comply with former President Trump's requests to lower interest rates. Meanwhile, Twitter, now branded as X, has unveiled “smart cashtags,” which will provide real-time updates on cryptocurrency and stock prices alongside their respective tickers.
A report from VanEck has made headlines by projecting that Bitcoin's value could soar to $53 million by the year 2050, fueled by long-term adoption trends and its function as a store of value, estimating a robust annual growth rate of 29%.
In significant financial news, Andreessen Horowitz (a16z) has successfully secured $15 billion to finance projects related to American Dynamism, with a keen focus on artificial intelligence and cryptocurrency. Additionally, Ripple has received the green light from the Financial Conduct Authority (FCA) to broaden its crypto payment services in the UK. The Bank of New York Mellon has also launched tokenized deposits targeting institutional and digital-native customers.
On the legislative front, a new bill has been proposed to prohibit lawmakers and federal officials from participating in prediction markets. Lastly, Tether has taken action by freezing $182 million in USDT linked to oil transactions in Venezuela.



