Daily Market Wrap | Jan. 16

Hot Topics

• State Street launched a digital asset platform to develop tokenized money-market funds and cash products.
• Interactive Brokers enables 24/7 USDC funding and plans to add Ripple's RLUSD and PayPal's PYUSD as early as next week.
• Generic Protocol launches GUSD, the first natively private stablecoin aggregating USDC/USDT/USDS with routed yields and opt-in privacy on Ethereum.

Market Updates

• BitMine invests $200M equity in MrBeast's Beast Industries, linking Ethereum treasury with creator economy.
• KAITO token plummets after X revises API policies to ban crypto infofi projects using its data.
• Cake Wallet adds Zcash support with default shielded transactions, expanding beyond its Monero privacy roots.