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ZEC Surges 11%! Trump Declares No Pardon for Sam Bankman-Fried! Florida Reevaluates Its Strategic Bitcoin Reserve!
The cryptocurrency market shows stability with Zcash surging 11%. Trump announces no pardon for Sam Bankman-Fried as Florida considers a Bitcoin reserve.
Mercation Admin
January 9, 2026 1 min read
The cryptocurrency market is experiencing relative stability as investors await a Supreme Court decision on tariffs related to former President Trump. Bitcoin has seen a modest rise of 1%, reaching $90,300, while Ethereum has surged by 13% to $3,090. Other cryptocurrencies are also performing well, with Solana increasing by 3% to $138 and XRP up 1% to $2.10. Notably, both Zcash and Polygon recorded an impressive 11% gain, and Syrup rose by 7%.
JPMorgan has indicated that the recent declines in Bitcoin and Ethereum prices may be stabilizing, suggesting a potential recovery in market conditions after a challenging start to the year. In a positive sign for the industry, Bank of America has upgraded Coinbase to a buy rating, citing improved regulatory clarity, heightened institutional interest, and promising long-term profitability.
In other developments, Morgan Stanley plans to launch a digital wallet later this year that will support tokenized assets, including shares in private companies. Meanwhile, Florida lawmakers are reigniting discussions about creating a state Bitcoin reserve.
The Ethereum network has seen a significant turnaround as the exit queue for validators has cleared, resolving previous delays in liquid staking and withdrawals. Additionally, Polygon Labs has unveiled the Open Money Stack to streamline stablecoin transactions and is reportedly close to acquiring Coinme, a notable Bitcoin ATM operator.
In political news, Trump has confirmed that he will not be issuing a pardon for former FTX CEO Sam Bankman-Fried.



