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Bitcoin Fills $94,800 CME Gap, Eyes $100K Rally

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BTCCME Futures: TradingView

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Bitcoin has closed the CME futures gap near $94,800, a technical milestone that analysts view as a bullish signal.

CME gaps form when Bitcoin’s weekend price movements on 24/7 spot markets create unfilled price ranges on the CME futures chart, which does not trade over weekends.

Historically, if these gaps act as focal points for technical traders, they tend to be revisited and filled by subsequent price action.

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Based on the BTC CME futures chart, the gap near $94,800 has now been filled, a condition for further upside. Therefore, a weekly close above the $94,000 level may open the door for BTC to extend its rally toward the $100,000 threshold.

BTCCME Futures: TradingView
BTCCME Futures: TradingView

The CME gap is a significant level amid recent price resilience above $90,000, where bulls have defended support areas before staging rebounds. BTC dropped to below $94,000 and has since moved toward $95,000, filling the gap.

Bitcoin Heads for Weekly Gain After Muted New Year

Bitcoin is up 5% this week, as it also benefited from some bargain buying after a muted start of the new year.

A bulk of the coin’s gains this week came after top corporate holder, Strategy, disclosed a purchase of over $1 billion worth of BTC, drumming up some hopes over improving corporate demand for the King of crypto.

However, retail demand remained under pressure, as broader sentiment towards the crypto space remained skittish. The Bitcoin price continued to trade at a discount, indicating that retail sentiment remained weak.

This comes as US lawmakers earlier this week delayed a key discussion on a planned crypto regulatory framework, after Coinbase opposed the bill in its current version.

BTC is now down just a fraction of a percentage to trade at $95,100 as of 6:26 a.m. EST, according to Coingecko data.

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Major Governance Platform Tally Announces Shutdown Amid Regulatory Shifts

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Major Governance Platform Tally Announces Shutdown Amid Regulatory Shifts


Tally announced its shutdown amid the shifting regulatory climate regarding cryptocurrencies in the US.

The regulatory climate in the US is shifting, and although many consider it for the better, the changes are already taking effect.

Tally, a governance tooling platform that’s used by more than 500 decentralized autonomous organizations (DAOs), including Uniswap, Ethereum Name Service (ENS), and Arbitrum, announced that it will be shutting down after more than five years of operations.

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In a video posted on X, the CEO of Tally, Dennison Bertram, outlined some reasons for the decision to wind down operations.

The move comes just as the SEC and the CFTC issued joint guidance clarifying that most cryptocurrencies are not securities, a major de-risking event for the entire industry.

While the previous administration pushed many projects toward a decentralized structure in the form of a DAO to reduce legal risk, the current, more relaxed environment has reduced demand for DAO governance, as Wu Blockchain noted in its commentary on the news.

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Tally will not be conducting an ICO. Bertram said that continuation plans are already in the works with all of the firm’s enterprise clients, while the interface will remain operational for them as needed.

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More Australians Pay With Crypto But Bank Restrictions Grow

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More Australians Pay With Crypto But Bank Restrictions Grow

More Australians reported using cryptocurrency to pay for goods and services in 2026 compared to the year before, but banking friction has continued to weigh on crypto users, according to a newly published report by crypto exchange Independent Reserve.

The annual survey of 2,000 “everyday Australians” was conducted between Jan. 12 and Jan. 30.

It found that the share of Australians using crypto to buy goods or pay for services doubled from 6% to 12%, with the report suggesting “more Aussies are viewing crypto as a practical payment method rather than just a speculative bet.”

Among the respondents who used crypto for goods and services, 21% reported using crypto for online shopping, making it the leading real-world use case.

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Another 16% said they used crypto to pay for services such as freelancing and video game purchases.

Despite growing adoption, barriers remain, with some citing a lack of education and training, and the technology being too complex to use.

Online shopping was the main use case for crypto among survey respondents. Source: Independent Reserve

Banking issues on the rise 

Beyond complexity, banking blocks were highlighted as a significant obstacle. A Binance survey last year found that users faced banking barriers when engaging with exchanges and crypto businesses — a problem the Independent Reserve’s survey respondents also flagged. 

Around 30% of investors said they have experienced delays or rejections when trying to buy cryptocurrency or transfer funds to a crypto exchange at least once, compared with 19.3% in 2025.

Banking restrictions on crypto transactions in Australia tightened around 2023, when major banks, including Commonwealth Bank and National Australia Bank, introduced measures such as payment delays, caps on transfers to crypto exchanges and additional identity checks.

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Younger investors reported more trouble with transaction delays than their older counterparts, and those making smaller transactions reported greater interference.

Younger users reported higher instances of banking interference when trying to buy crypto. Source: Independent Reserve

“For many Australians, the lack of regulation hits home when a payment to a crypto exchange is delayed or blocked, an issue that has continued to rise for another year,” the report authors said.

“These interruptions affect both consumers and businesses, showing how cautious banks are with crypto when the rules aren’t clear.”

Clear licensing and regulation are the solution

The report said the findings suggest that banks have not relaxed their posture toward crypto and may be refining their approach by focusing on user behavior and transaction patterns instead of transaction size, underscoring the growing need for regulatory clarity.

Related: Crypto lobby slams Australian broadcaster’s ‘sensational’ Bitcoin article

“Clear licensing and regulation can help fix this. By setting high standards for crypto operators, banks would have more confidence that transactions are legitimate,” they added.

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“For Australia’s blockchain industry, which has faced banking hurdles for over a decade, effective regulation could finally bridge the gap between exchanges and banks, giving investors and businesses more certainty and reliability.”

Crypto executives told Cointelegraph last month that Australia’s crypto market is making progress in user growth and regulatory reforms, but there are still a range of issues to iron out.

Magazine: Clarity Act risks repeat of Europe’s mistakes, crypto lawyer warns