Canaan receives Nasdaq notice after ADS price trades below $1 for 30 consecutive days.
Company has until July 13, 2026 to regain compliance while shares continue trading.
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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.
Ark’s data shows bitcoin has weak price correlations with stocks, bonds, and gold, making it potentially attractive for risk-adjusted portfolio management.
President Donald Trump says he plans to sue JPMorgan Chase within weeks, accusing the banking giant of improperly cutting off his accounts after the Jan. 6, 2021, Capitol events. Trump Signals Legal Showdown With JPMorgan Over ‘Debanking’ Trump made the announcement on Jan. 17, 2026, stating that the bank “incorrectly and inappropriately debanked” him following […]
Popular fast-food chain Steak ’n Shake added $10 million worth of bitcoin to its corporate treasury, deepening its commitment to bitcoin eight months after rolling out BTC payments across all U.S. locations.
The company said on social media that the move follows a “self-reinforcing cycle” driven by bitcoin adoption, where customers paying in BTC help generate incremental revenue that is then recycled into business improvements.
According to Steak ’n Shake, all bitcoin-denominated revenue flows directly into what it calls its strategic bitcoin reserve, which is used to fund restaurant upgrades, ingredient improvements, and remodeling initiatives—without raising menu prices.
“Eight months ago today, Steak ’n Shake launched its burger-to-bitcoin transformation when we started accepting bitcoin payments,” the company wrote on social media. “Our same-store sales have risen dramatically ever since.”
Steak ’n Shake began accepting bitcoin payments in May 2025 using the Lightning Network, positioning the rollout as a way to cut card processing fees while attracting a younger, crypto-native customer base. The strategy is working.
Same-store sales rose more than 10% in the second quarter of 2025, according to the company.
Chief Operating Officer Dan Edwards previously said Steak ’n Shake saves roughly 50% in processing fees when customers choose to pay with bitcoin rather than traditional card networks.
NEW: Fast food giant Steak ‘n Shake announces it acquired $10 million #Bitcoin for its Strategic Bitcoin Reserve 🚀
The chain has leaned into its bitcoin branding over the past year, introducing a Bitcoin-themed burger in October and pledging to donate a small portion of revenue from its “Bitcoin Meal” to support open-source Bitcoin development.
The recent $10 million purchase—roughly 105 BTC at current prices—marks Steak ’n Shake’s most direct treasury allocation to bitcoin to date.
While the position is modest compared with major corporate holders such as Strategy, which holds more than 687,000 BTC worth over $65 billion, it underscores a broader trend of corporate bitcoin accumulation.
According to data from Bitcointreasuries, total bitcoin held in treasuries—including public companies, private firms, governments, and exchange-traded funds—has now surpassed 4 million BTC.
Last fall, the company ran a poll on X over the weekend asking its 468,800 followers whether it should expand its crypto options to include Ethereum.
Nearly 49,000 votes were cast, with 53% in favor.
However, just four hours later, the company suspended the poll, declaring its allegiance to Bitcoiners. “Poll suspended. Our allegiance is with Bitcoiners. You have spoken,” Steak ‘n Shake posted.
President Trump announced a 10% tariff on eight European countries over the Greenland issue.
The tariffs will affect Denmark, Norway, Sweden, France, Germany, UK, Netherlands, and Finland.
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President Donald Trump announced today that Denmark and seven European allies will face a 10% tariff on goods exported to the US starting in February, unless Denmark agrees to sell Greenland.
In a post on Truth Social, Trump stated that these countries have benefited for years from US protection and favorable trade treatment, and that it is now time for them to “give back” by agreeing to sell Greenland.
The countries affected by the tariffs, besides Denmark, include Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland, and the rate would rise to 25% on June 1 if no deal is reached.
The US president said Denmark lacks the capacity to defend its territory and warned that foreign powers are seeking greater influence in the region.
Trump added that the move is tied to the development of the “Golden Dome” missile defense system, which he claimed requires Greenland’s geography to operate to full effectiveness. He said that the policy is necessary to protect US and global security.
Crypto markets are mostly lower today as momentum fades and analysts flag a key range for Bitcoin.
Crypto markets pulled back slightly on Friday morning, Jan. 16, giving up some recent gains after a short-lived rally earlier this week.
As of press time, Bitcoin (BTC) was trading around $94,700, down about 1.2% on the day, after reaching over $96,900 in the past 24 hours. Despite the downturn, BTC is still up over 4% on the week, rising out of the holiday doldrums.
Total crypto market capitalization fell to roughly $3.3 trillion, slipping 1.7% on the day.
BTC 24-hour price chart. Source: CoinGecko
All of the top-10 cryptocurrencies by market capitalization were slightly lower on the day, with Dogecoin (DOGE) losing the most in 24 hours, down 4%.
Ethereum (ETH) is down 1.8% today, but still posting weekly gains of 5.5%, trading above $3,365 at press time.
BTC at Key Inflection Point
In a post on X today, glassnode analyst Chris Beamish said Bitcoin is nearing a “key inflexion point,” adding that the BTC price reclaiming the short-term holder cost basis “would signal that recent buyers are back in profit, typically a prerequisite for momentum to re-accelerate. “
At the same time, in another X post glassnode analysts pointed to growing activity on Ethereum, saying a sharp rise in month-over-month retention among new users is signaling a “wave of first-time wallets interacting with the network rather than activity driven only by existing participants.”
Mike Marshall, head of research at blockchain analytics firm Amberdata, said several signals still look constructive beneath the surface.
“Bitcoin’s price movement appears driven by a convergence of on-chain and market-structure signals,” Marshall said in commentary shared with The Defiant.
Marshall also pointed to recent stablecoin minting, signs that ETF outflows are slowing, and derivatives markets showing accumulation, while warning that “portfolio rotations and broader macro uncertainty could introduce volatility” later in Q1.
Big Movers and Liquidations
Looking at the top-100 assets by market cap, privacy-focused cryptocurrency DASH led gains again, rising about 15% today, following its recent 50% rally. The next biggest gainer today is SKY, which is up roughly 4.8% on the day, according to CoinGecko.
On the downside, POL (ex-MATIC) dropped around 8% after its recent rally, making today’s biggest loser among the top-100 crypto assets.
Liquidations remained relatively muted over the past 24 hours with total crypto liquidations reaching roughly $239 million, per Coinglass data. Long positions made up $181 million, compared with $58 million in short ones.
Bitcoin liquidations totaled about $62.5 million, followed by Ethereum at roughly $38 million, with another $31 million across altcoins.
ETFs and Macro Conditions
On Thursday, Jan. 15, spot Bitcoin ETFs recorded net inflows of $100.2 million, bringing cumulative inflows to $58.2 billion, per data from SoSoValue.
Meanwhile, spot Ethereum ETFs continued to see stronger demand, posting $164.4 million in net inflows on the day, while total net assets across spot Ethereum ETFs climbed to about $20.4 billion.
On the macro side, U.S. Treasury yields were mixed, with the 10-year around 4.18% and the 30-year near 4.8%, as markets stayed on edge over geopolitical concerns, including U.S. President Donald Trump’s renewed push to take control of Greenland, per CNBC.
According to the U.S. Labor Department’s Bureau of Labor Statistics, import prices rose 0.4% between September and November, even as imported fuel prices fell 2.5% over the same period.
In terms of geopolitical moves, traders were also eyeing Canada’s deepening ties with China. Prime Minister Mark Carney said today that Canada is moving toward a “new strategic partnership” with Beijing, signaling a break from the U.S. on tariffs amid what he described as a shifting global order, Bloomberg reports.
“I’m extremely pleased that we are moving ahead with our new strategic partnership,” Carney said during meetings with China President Xi Jinping, framing the move as preparation for what he called a “new world order.”
Based on the latest figures, the stablecoin economy has edged beyond its mid-December all-time high (ATH), clearing the previous record by $364 million and gliding well above the $310 billion threshold. Stablecoins Enter the New Year With a New All-Time High After a few weeks of mild pullbacks following the fiat-pegged crypto token economy’s peak […]
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XRP has just achieved a major milestone, officially surpassing Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) in terms of trading volume. According to a new report, the altcoin has become the most traded asset in all of South Korea, highlighting strong adoption, demand, and liquidity. This latest development underscores the token’s growing dominance in one of the world’s most active crypto markets, even as broader conditions remain volatile.
XRP Outpaces Bitcoin, Ethereum, And Dogecoin As Most Traded Asset
XRP has posted a notable win in one of the world’s most active crypto markets. New data from Upbit, one of South Korea’s largest crypto exchanges, shows the asset outpacing Bitcoin, Ethereum, and Dogecoin in trading volume throughout 2025. Market analyst XFinanceBull highlighted this new achievement in a recent X post after reviewing Upbit’s trading data for 2025.
According to the analyst, the altcoin was confirmed as the most traded digital asset on Upbit. The ranking was based on volume, liquidity, and actual usage rather than price movement. XRP trading pairs consistently led the platform, with the XRP/KRW pair taking the number one position for most of the year. Bitcoin followed in second place, Ethereum ranked third, USDT came fourth, and Dogecoin placed fifth by trading volume.
Notably, the figures were officially verified by Dunamu, the operator of Upbit, on January 2, 2026. On a year-over-year basis, Upbit processes more than $1 trillion in trading volume and accounts for more than 70% of South Korea’s total crypto market. This positions Upbit as the country’s largest crypto exchange and makes it a reliable indicator of usage trends and real retail and institutional demand.
XFinanceBull emphasized that South Korea tends to trade assets with clear real-world use cases and strong liquidity. Because of this, steady trading volume indicates a cryptocurrency is actively being used in the market, not just driven by short-term speculation. The analyst added that XRP’s continued use creates a pull effect, drawing in more capital as liquidity improves.
In established markets like South Korea, assets that perform well are more likely to attract consistent, long-term participation, which can positively impact prices. Following the recent development, XFinanceBull reinforced his bullish stance on the altcoin and stated he plans to accumulate even more of the cryptocurrency.
Upbit’s Report On XRP’s Performance
Upbit’s 2025 data shows that the altcoin consistently accounted for between 15% and 22% of the exchange’s daily trading activity, across a total annual trading volume of $1 trillion. As mentioned before, XRP/KRW was ranked the top trading pair for that year. Its daily volume peaked at $1.22 billion in July 2025, demonstrating sustained retail-driven liquidity and stable support.
In terms of liquidity, XRP outperformed BTC and ETH multiple times. By year-end, Korean exchanges had accumulated around 570 million XRP, reinforcing the token’s role as a primary transactional and economic asset in the country. User data also shows Upbit serves about 13.26 million users, almost one in four people in South Korea. The largest age group is users in their 30s, making up approximately 28.7% of the exchange.
XRP trading at $2.05 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Freepik, chart from Tradingview.com
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Massive Coinbase News! Bitcoin Rips to $96,750! Football.Fun TGE Interview with Founder!
Crypto majors are very green with Bitcoin making a new another 2-month high; BTC +2% at $96,7500; ETH +2% at $3,360, SOL even at $145; XRP -1% to $2.11. DCR (+30%), DASH (+10%), ICP (+10%) and ZEC (+7%) led top movers; XMR hit another new ATH at $800 before retracing to $725. Coinbase pulled support for the Senate’s crypto market structure bill ahead of a key vote, citing major concerns with the latest draft, leading to the Senate delaying the bill. Zcash avoided SEC action after the Zcash Foundation said the agency’s investigation has concluded. Ripple secured a Luxembourg license as its European expansion continued. Pakistan teamed with World Liberty Financial to explore stablecoin use cases for remittances and cross-border payments. The Human Rights Foundation awarded nearly $1.3M in Bitcoin grants to projects tied to human rights and freedom tech. Figure unveiled a new public equity network designed to enable on-chain issuance of stocks and related assets. FTX prepared another round of creditor payments and outlined timing details for the next distribution on March 31. Sui came back online after a nearly six-hour network stall, marking another reliability test for the chain.
