Citron Research has publicly accused Coinbase CEO Brian Armstrong of undermining the Senate's CLARITY Act, alleging the exchange reversed its support to protect its stablecoin yield business from new competitors like tokenized securities firm Securitize. Coinbase officially withdrew support for the bill on January 14, citing risks including limits on tokenized equities, expanded DeFi user data access, reduced CFTC authority, and draft language that could end stablecoin rewards.
Meanwhile, the AI-powered crypto intelligence platform DeepSnitch AI (DSNT) is generating significant presale interest, with funding surpassing $1.2 million and early investors seeing over 129% returns. The project, currently in its fourth presale phase and priced at $0.03538, is being promoted for its utility-driven approach, featuring live AI agents (SnitchGPT, SnitchScan, SnitchFeed, AuditSnitch) that track whale movements, sentiment, and on-chain activity. Market speculation around a potential January launch has fueled predictions of a 100X to 300X price surge post-launch.
The news also touches on broader market dynamics. Trader Daan Crypto emphasized that Bitcoin must hold the $94,000 support level to maintain its bullish structure and potentially reclaim the 200-day EMA resistance near $99,555. In the memecoin space, Shiba Inu (SHIB) is noted to be trading 90% below its all-time high, with sentiment described as bearish due to perceived inadequate utility. Dogecoin (DOGE) faces similar critiques, with its price struggling around $0.14 and analysts giving modest 2026 forecasts, further driving the narrative towards utility-based tokens like DeepSnitch AI.
