Crypto
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J. Edward Moreno

Bitcoin jumps after pro-crypto senator takes leadership role

Bitcoin jumped more than 2% on Thursday shortly after pro-crypto Sen. Cynthia Lummis announced that she would chair a new subcommittee on digital assets.

That move adds to the potential that a strategic national bitcoin reserve, one of President Trump’s campaign promises, may be closer to becoming reality. Lummis said the subcommittee will focus on creating infrastructure, including a national reserve, and insuring regulators don't unfairly target crypto and crypto-adjacent companies.

In July, Lummis introduced the BITCOIN Act (aka the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act), which had the goal of establishing a federal bitcoin reserve. Republicans now control the Senate, giving the bill a better shot at passing.

Sen. Lummis has disclosed that she bought between $100,001 and $250,000 of bitcoin in 2021, which she has said is stored in a blind trust. The price of bitcoin has skyrocketed since then, in part because Trump has embraced the industry.

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Lummis to Chair Historic Senate Panel on Digital Assets » Senator Cynthia Lummis

Lummis to Chair Historic Senate Panel on Digital Assets » Senator Cynthia Lummis

In July, Lummis introduced the BITCOIN Act (aka the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act), which had the goal of establishing a federal bitcoin reserve. Republicans now control the Senate, giving the bill a better shot at passing.

Sen. Lummis has disclosed that she bought between $100,001 and $250,000 of bitcoin in 2021, which she has said is stored in a blind trust. The price of bitcoin has skyrocketed since then, in part because Trump has embraced the industry.

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Sage D. Young

Ethereum treasury firm ETHZilla acquires two aircraft engines (!?!?) in tokenization push

ETHZilla, known for its ethereum treasury, formed a new subsidiary and purchased aerospace equipment in a bid to boost the company’s tokenization efforts. 

The treasury firm, through its nascent subsidiary ETHZilla Aerospace LLC, “acquired two CFM56-7B24 aircraft engines, together with all parts, engine records and engine stands” for $12.2 million from Avean Engine Solutions, according to an 8K filing on Friday with the US Securities and Exchange Commission. 

The two aircraft engines are subject to lease agreements with a major airline, which were assigned to ETHZilla as part of the acquisition, the filing stated.

The firm’s top priority in 2026 is growing its real-world asset tokenization business and is keen on rolling out RWA tokens in the first quarter, an ETHZilla representative told Sherwood News at the beginning of the year. 

ETHZilla’s acquisition of two aircraft engines is part of this tokenization road map, which aims to bring real-world assets from high-value vertical markets, such as aerospace, maritime, and heavy equipment, on-chain. 

“In the heavy equipment market, we will initially focus on aerospace assets such as aircraft engines and airframes to tokenize,” ETHZilla Chairman and CEO McAndrew Rudisill said in his shareholder letter from December. “This represents a large, growing market with quality high-yielding assets, and we believe it is a very attractive space for tokenization.” 

crypto
Sage D. Young

XRP spot ETFs on pace to record first-ever weekly outflow

Spot XRP ETFs are on track to notch a weekly outflow for the first time since their inception in November 2025. The week’s flows turned negative on Tuesday when the investment vehicles saw over $53 million leave the funds.

Prior to this week, spot XRP ETFs had averaged $127.5 million in weekly inflows, a figure lifted by the fund’s first day of trading, which had $243 million worth of inflows, according to SoSoValue.

The funds’ ongoing pace comes as XRP has shed nearly 20% from its 2026 high of $2.39 to trade at a lower price than when the ETFs launched. 

XRP is in “Extreme Fear” territory, per social data from blockchain analytics firm Santiment. “Small retail traders have become pessimistic toward the #5 market cap cryptocurrency after a -19% drop since the high back on January 5th,” Santiment wrote. The firm told Sherwood News, “If we reach levels of bearishness that we were seeing back on November 20-21, 2025, it would be an indication that a major bounce is likely.”

Yaël Bizouati-Kennedy
1/22/26
GameStop moved half its bitcoin, triggering rumors it will dump the asset

“Institutions generally keep their long-term holdings in cold storage... You typically only move funds to Prime if you’re planning to trade or execute a sale.”

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Sage D. Young
Not Ethereal
1/21/26
BlackRock singles out ethereum as “beneficiary of growth”

In the next era of tokenization, ethereum is poised to dominate the market. It currently commands over 65% of tokenized assets across blockchain networks.

Giant Satellite Dish in Winter
crypto
Sage D. Young

Ethereum gives up its 2026 gains

As the overall market goes risk-off amid geopolitical tensions, ethereum has decreased 7% in the last 24 hours and is basically flat for 2026.

The cryptocurrency is hovering just below $3,000, a more than 10% pullback from this year’s high of around $3,350. The recent drawdown is the sharpest in the last 24 hours among its peers. Over the same period, bitcoin is down 3.6%, XRP dipped 5.2%, solana slumped 5.6%, and dogecoin tumbled 4%. 

Meanwhile, leading ethereum treasury firm BitMine Immersion Technologies, which recently announced a $200 million investment into Beast Industries, acquired an additional 35,268 ethereum tokens worth $108 million last week, bringing its total to 4.2 million tokens worth nearly $12.7 billion at current prices. 

The firm also allocated 581,920 tokens for staking, ethereum’s security mechanism. Participation has been on the rise, and the entry queue to start staking is multiple times longer than the exit line.

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