Daily Market Wrap | Jan. 08

Hot Topics

• Wyoming launches first state-backed FRNT stablecoin on Solana.
• U.S. spot XRP ETFs record first net outflows of $40.8M since debut.
• World Liberty Financial applies for U.S. bank charter to fully onshore USD1 stablecoin operations.

Market Updates

• Electric Coin Company's entire team resigns and forms a new firm amid board clash.
• Kalshi CEO Tarek Mansour endorses Rep. Torres' bill banning insider trading by federal officials on prediction markets.
• Sei Network warns USDC.n holders to swap to native USDC before March upgrade, risking inaccessibility otherwise.