BizwavemediaPersonal Finance and Crypto Updates

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Canaan Inc, a crypto mining hardware firm, has received a deficiency notice from Nasdaq after the closing bid price of its American depositary shares remained below $1.00 for 30 consecutive business days.

The notice, dated January 14, 2026, cites non-compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00. Nasdaq said the notification has no immediate impact on the listing or trading of Canaan’s securities, which will continue to trade on the Nasdaq Global Market during the compliance period.

Under Nasdaq rules, Canaan has been granted a 180 calendar day window, through July 13, 2026, to regain compliance. To do so, the company’s ADS price must close at or above $1.00 for at least 10 consecutive business days within that period.

If Canaan does not regain compliance by the deadline, the company may be eligible for an additional compliance period, subject to Nasdaq approval. This would require submitting a transfer application, paying a $5,000 non refundable fee, meeting other initial listing standards, and confirming its intent to cure the deficiency, potentially through a reverse stock split.

Canaan said it will continue monitoring its share price and intends to take reasonable measures to restore compliance. The company disclosed the notice in accordance with Nasdaq rules requiring prompt public disclosure of listing deficiencies.

JPMorgan Chase is establishing a new unit focused on helping companies raise private capital, The Wall Street Journal reported Friday.

The new unit, called Private Capital Advisory and Solutions, will combine M&A advisory with capital markets expertise to connect companies seeking private funding with investors and provide guidance on early-stage equity, preferred stock, convertible bonds, and secondary funds.

The move comes as JPMorgan sees private markets outpacing public markets, with companies and investors seeking more flexible ways to raise and deploy capital beyond traditional IPOs or sales.

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Bitcoin’s low correlation with major asset classes like gold, stocks, and bonds positions it as a strong tool for portfolio diversification and higher returns per unit of risk, said ARK Invest CEO Cathie Wood in her 2026 outlook released Thursday.

ARK’s analysis of weekly returns from January 2020 to early January 2026 shows that Bitcoin has a modest correlation of 0.14 with gold, much lower than the 0.27 correlation between the S&P 500 and bonds.

Bitcoin’s correlation is lowest with bonds (0.06), slightly higher with gold and REITs, and highest with the S&P 500 at 0.28. Even at its peak, Bitcoin’s correlation remains far below those of traditional asset pairs, such as the S&P 500 and REITs, which correlate at 0.79.

“Bitcoin should be a good source of diversification for asset allocators looking for higher returns per unit of risk during the years ahead,” Wood wrote.

On Bitcoin mining, Wood said that Bitcoin’s supply growth is strictly limited by protocol, with new issuance set to increase around 0.8% per year over the next two years before slowing to around 0.4% annually.

Unlike gold, which miners can produce more of in response to higher prices, Bitcoin’s supply is mathematically fixed, making it inherently scarce. She noted that this predictable supply schedule, combined with increasing demand, has contributed to a 360% price rise since late 2022.

ARK Invest CEO also outlined her outlook for the US economy, monetary policy, and AI.

She described the economy as a “coiled spring” poised for a rebound, highlighted lower inflation and tax policies as potential drivers of income and corporate cash flow growth, and said AI, robotics, energy storage, blockchain, and multiomics could boost productivity and support strong GDP growth.

KAITO, the native token of the InfoFi protocol Kaito AI, fell 20% today after X announced it would block apps that reward users for posting on the platform.

The token dropped from $0.7 to $0.56 following the policy change announcement, per CoinGecko.

The sell-off extended to the Yapybaras – Kaito Genesis NFT collection, which saw its floor price collapse over 50% to 0.21 ETH, according to OpenSea.

The crackdown was revealed by X’s Head of Product Nikita Bier in a statement shared on the platform. He said the changes are meant to address growing automated spam and AI-generated content linked to InfoFi apps.

X has already cut off API access for the affected apps and will support developers seeking to migrate to other social networks.

We are revising our developer API policies:

We will no longer allow apps that reward users for posting on X (aka “infofi”). This has led to a tremendous amount of AI slop & reply spam on the platform.

We have revoked API access from these apps, so your X experience should…

— Nikita Bier (@nikitabier) January 15, 2026

Other InfoFi tokens also declined sharply after the policy update. Cookie DAO’s COOKIE fell 15%, while LOUD dropped 16% and ARBUS slid about 9%. Data showed the sector’s total market value fell 11.5% in the past day.

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US initial jobless claims dropped to 198K for the week, coming in below the expected 215K and the revised prior reading of 207K, according to the latest data from the Bureau of Labor Statistics.

The weekly claims figure reflects the number of individuals filing for unemployment benefits for the first time. Economists say the sustained low level of claims suggests layoffs remain muted, even as hiring has slowed.

Factors including former President Trump’s trade and immigration policies and corporate investment in AI have constrained both labor demand and supply, creating uncertainty in staffing decisions.

Equities opened higher on the data, with the S&P 500 rising nearly 0.5% and the Nasdaq climbing over 1% in early trading. The CME FedWatch Tool still shows a 95% probability that the Federal Reserve will keep its benchmark rate unchanged at 3.5 to 3.75% in its late January meeting.

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Monero (XMR), the leading privacy-focused crypto asset, hit a fresh all-time high of $686 today, climbing approximately 14% over the past 24 hours.

The rally pushed XMR’s market capitalization beyond $12 billion, according to CoinMarketCap data.

The surge marks Monero’s first major peak since its previous cycle highs. Trading volumes intensified alongside price action, exceeding $500 million in 24 hours.

XMR spiked past previous highs on Monday, then extended its rally after Dubai’s financial regulator, the Dubai Financial Services Authority (DFSA), cracked down on privacy-focused tokens within the Dubai International Financial Centre (DIFC).

Effective January 12, regulated exchanges cannot handle privacy coin trades, promotions, funds, or derivatives. Residents may keep the coins in private wallets, but firms are prohibited from using privacy tools such as mixers or tumblers.

The rally represents a decoupling from the crypto market as interest in privacy-sector tokens resurges. XMR has climbed roughly 45% over the past week, outperforming major assets like Bitcoin and Ethereum.

The privacy coin sector saw a 3.5% rise in market cap and a 30% jump in trading volume over the past day.

Dash surged over 55% and Canton gained 4%. Zcash, which made headlines for its late-2025 breakthrough, was up 1% in 24 hours but posted a weekly loss of 22%.

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US inflation growth slowed in December 2025, with the core CPI climbing 0.2% on the month, missing economists’ estimates, the Bureau of Labor Statistics reported Tuesday.

On an annual basis, core CPI rose 2.6%, matching a four-year low and reinforcing signs that inflation is moderating.

Overall consumer prices, including food and energy, rose 0.3% for the month, leaving the year-over-year increase at 2.7%, unchanged from November. Energy costs edged up, driven by higher natural gas prices, while food prices increased despite a drop in egg prices. Shelter costs remained the largest contributor to overall inflation.

November’s CPI was likely affected by the unusually long government shutdown, which delayed the collection of October prices and led to assumptions about housing costs, economists said, with holiday discounts potentially contributing to the distortion.

The softer-than-expected reading will likely give the Fed more confidence to pause further rate cuts.

Economists say the data suggest underlying inflation is moderating, reducing the need for immediate monetary stimulus, though the Fed will still weigh tariff pressures and labor market trends.

Following the release, equities futures advanced and Treasury yields fell. Bitcoin stayed rangebound around $92,000, showing minimal response to the news.