Market Update for Saturday, January 10

- Bitcoin is trading sideways around $90,000, while altcoins are also stagnant as the weekend approaches.

- The U.S. Supreme Court has postponed its ruling on Trump's tariff lawsuit, now expected on January 14.

- Job creation numbers fell short of forecasts, but the unemployment rate decreased. The likelihood of the Federal Reserve maintaining interest rates in January has risen to 95%.

ETF Spot Update as of January 9:

- Bitcoin is up $2 million; BlackRock has not provided data.

- Ethereum is down $10 million; BlackRock has not provided data.

- Solana has no trading activity.

- The UK's FCA is requiring crypto companies to re-register by September 2026, ahead of new regulations taking effect in October 2027.

- South Korea is considering allowing crypto ETFs this year, using the U.S. and Hong Kong as references.

- Grayscale has established a trust fund for BNB and HYPE, marking initial steps toward a potential new crypto ETF.

- BNY, the world's top custodian bank, has launched tokenized deposits for payments, collateral, and margin on the blockchain.

- Rain, a stablecoin payment company partnered with Visa, has raised $250 million, increasing its valuation to $1.95 billion, led by ICONIQ.

Airdrop Updates:

- Zama is inviting participants to register for its auction.

- Minara, a project backed by Circle, is offering an airdrop.

- Glider has announced the launch of its second season.