OVERVIEW

Alts Say They’re Ready To Take It To The Next Level, Market Says It’s Not Ready 😐️

Before we dive in, here’s today’s crypto market heatmap:

And here’s a look at crypto’s total market and altcoin market cap charts:

TECHNICAL ANALYSIS
What Happened To Price? 🤔

Have you ever heard someone say, ‘Well, this is a technical pull back’? Not sure what it means? Well, the phrase technical pullback is used to describe something that’s move up quite a bit and then drops/falls in price because it hit a source of resistance. 🛑 

And that is exactly what happened yesterday. Let’s look:

$ADA ( ▼ 0.33% ) 

Bulls pushed Cardano right up to the bottom of the Cloud (Senkou Span A, green line) before it got slapped down.

$AKT ( ▼ 1.32% ) 

Same story for Akash Network: got close to the Cloud then halted.

$BONK ( ▼ 4.35% ) 

Meme’s have had a hell of a run, but even memes are subject to different forms of technical resistance. And BONK’s is a little more interesting because of the candlestick bodies nearly right on top of the top of the Cloud (Senkou Span B, red line).

$DOT ( ▼ 2.24% ) 

Same halt against the Cloud we saw for Cardano and Akash Network.

$IMX ( ▼ 1.83% ) 

Same story as the others for Immutable - close the Cloud then bam, no higher.

STOCKTWITS
Yes, Stocktwits Was At CES 😱

Stocktwits’ own Michele Steele interviews Serve Robotics’ Dr. Kashani, watch it 👇️

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DEFI
Precious Metals Are Printing For Crypto Exchanges Now 💵 

Here's a sentence I didn't expect to write: gold and silver are driving monster volume on a crypto exchange. 🤯

Bitget just crossed $1 billion in cumulative tokenized stock trading volume - but the real story is buried in the metals data. Over the past two weeks, their tokenized iShares Silver Trust (SLVon) spiked 3,729% in volume. The tokenized Gold Trust (IAUon)? Up 4,904%.

Roughly 95% of that $1 billion total volume came in December alone.

Kind Of A Big Deal

The narrative has always been "crypto vs. traditional finance." But what's emerging looks more like convergence. Macro-driven commodity flows are now translating directly into on-chain activity.

Gold bugs, silver bugs, and crypto people trading on the same platform, using the same infrastructure. Traditional markets close. Crypto doesn't.

When silver is ripping and you want in at 2 AM, that matters. 🤔

RWAs
$28 Billion In Trees And Fish Just Got Tokenized. No, Seriously 🐟️

Alright tree huggers, here’s your RWA moment. 🎄 

Chintai (I’ve never heard it either) just inked a deal with the Maluku Archipelago Joint Venture (MLKU) (nope, never heard them either) to tokenize what they're calling $28 billion worth of nature-based resource rights across 1,400 Indonesian islands.

MAJV holds 60-year development rights to the Maluku and North Maluku provinces - we're talking forestry, mining, fisheries, marine resources, the whole ecological buffet. Chintai, a Singapore-regulated tokenization platform, is building the RWA part.

Total supply: 1 billion tokens. It's currently escrowed and will roll out via private placement to institutions first, with broader access "subject to regulatory requirements" (eventually, maybe, if the lawyers sign off).

This is one of the largest RWA tokenization projects announced to date by raw dollar value. Whether that $28B estimate holds up to scrutiny is another question entirely - resource valuations over 60-year horizons involve... let's call it creative forecasting.

It’s cool, but probably should be filed under "ambitious RWA plays to watch" rather than "things happening next week." 👀 

STABLECOINS
FRNT & Center: Wyoming's State-Issued Stablecoin Is Now Trading 🤠

As of today (January 7, 2026), the Wyoming Stable Token Commission launched - FRNT - the Frontier Stable Token - making it the first fiat-backed, fully-reserved stablecoin issued by a U.S. state. It's now trading on Kraken. 🦑

The Basics

FRNT is pegged to the dollar and backed by cash, short-term Treasuries, and repo agreements. Wyoming requires 102% overcollateralization by statute - more conservative than most private issuers.

Wyoming passed a CBDC Prohibition Act in 2025, then turned around and launched their own stablecoin. They want digital dollars, just not the Fed's surveillance-friendly version. Also, FRNT operates under "Any Lawful Use" principles - state interdiction requires a court order.

Will FRNT flip Tether? No. But it's the first proof-of-concept that a U.S. state can ship a compliant, transparent, publicly-governed stablecoin. 🪙 

STOCKTWITS
Stonkmarket News 📺️

LINKS
Links That Don’t Suck 🔗

😨 Trump To Ban Institutional Buys Of Single-Family Homes In Affordability Housing Push

🤖 Anthropic Reportedly Eyes $350 Billion Valuation In New $10 Billion Funding Round

🏦 After Bitcoin, Solana, Morgan Stanley Seeks SEC Nod For Spot Ethereum ETF With Staking

👜 Arthur Hayes Wallet Activity Puts Limitless Token Back On Breakout Radar

🪙 Bitcoin, Gold Start 2026 Higher, But Analysts Say The Rally Is ‘A Simple Coincidence’

Get In Touch 📬

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Author Disclosure: The author of this newsletter holds positions in AVAX, ADA, PUDGY, WLC, IMX, XTZ, NEAR, HBAR, ALGO, INJ, LTC, LINK, ZEC, XLM, and FET. 📋