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ZEC Surges 11%! Trump Declares No Pardon for Sam Bankman-Fried! Florida Reevaluates Its Strategic Bitcoin Reserve!
Major cryptocurrencies remain stable as ZEC and Polygon see significant gains. Trump confirms he won't pardon Sam Bankman-Fried while Florida revisits its Bitcoin reserve plans.
Mercation Admin
January 9, 2026 1 min read
Major cryptocurrencies are largely stable as anticipation builds for today’s Supreme Court ruling on Trump tariffs; Bitcoin is up 1% to $90,300, Ethereum has increased by 13% to $3,090, Solana is up 3% at $138, and XRP has risen 1% to $2.10. Polygon and Zcash both saw an 11% increase, while Syrup gained 7%. JPMorgan noted that the recent downturn in Bitcoin and Ethereum prices might be reaching a low point, suggesting improved market positioning and reduced selling pressure following a weak start to the year. Analysts at Bank of America have upgraded Coinbase to a buy rating, highlighting enhanced regulatory clarity, increased institutional interest, and better long-term profit potential. Morgan Stanley is set to introduce a digital wallet later this year that may facilitate tokenized assets, including equity in private firms. In Florida, legislators are renewing efforts to establish a state-level Bitcoin reserve. The exit queue for Ethereum validators has completely cleared, alleviating delays that had affected liquid staking and validator withdrawals. Polygon Labs has launched the Open Money Stack to facilitate stablecoin transactions and is reportedly nearing a deal to acquire Coinme, a significant Bitcoin ATM operator. Additionally, Trump has stated that he will not grant a pardon to former FTX CEO Sam Bankman-Fried.