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Crypto Market Weekly Roundup: January 4–10, 2026

The first full week of 2026 featured a blend of recovery strength and short-term volatility. Overall crypto market capitalization remained in the 2.5–2.6 trillion dollar range, signaling a cautious but resilient beginning to the year. How the Week Unfolded: Performance Highlights The week started on a positive note. Bitcoin traded between 89,000 and 92,000 dollars in the early days before pushing above 94,000 mid-week on renewed buying interest. By January 10, Bitcoin had settled around 91,000 dollars, recording roughly 1.7–2% gains across the seven-day period. Ethereum held near 3,100 dollars with moderate upward movement. Altcoins showed mixed performance, with several standouts including: Convex Finance — among the strongest weekly gainers, supported by DeFi momentum   Bonk — notable strength in the meme coin category   XRP — continued to benefit from speculation around cross-border payment use cases During the same period, traditional safe-haven assets such as silv...
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Abercrombie & Fitch in Disarray: Former CEO Mike Jeffries Arrested in Sex Trafficking Case

 Abercrombie & Fitch's Former CEO Mike Jeffries Arrested in Sex Trafficking Case

A Dark Turn for the Brand's Recent Resurgence

In a shocking turn of events, former Abercrombie & Fitch CEO Mike Jeffries has been arrested on charges of sex trafficking and interstate prostitution. This news comes just as the brand was experiencing a financial revival under new leadership.

Details of the Arrest

According to a Wall Street Journal report, Jeffries was arrested in Florida alongside his romantic partner, Matthew Smith, and a third unidentified man. They are accused of operating an international sex trafficking and prostitution business from 2008 to 2015. The indictment alleges they used Jeffries' wealth and status to lure young men into sex parties held around the world, sometimes under the guise of modeling opportunities.

Impact on Abercrombie & Fitch

This news casts a dark shadow on Abercrombie & Fitch's recent positive trajectory. The company, which has been struggling to shed its negative image from the Jeffries era, faces the challenge of distancing itself from these allegations. Abercrombie & Fitch declined to comment on Jeffries' arrest.

A History of Controversy

Jeffries' reign as CEO, from 1992 to 2014, was marked by controversy. His focus on an "exclusionary" marketing strategy and reports of a hostile work environment alienated many customers and employees. These issues ultimately led to declining sales and a tarnished brand image.

Uncertain Future

This arrest raises questions about the future of Abercrombie & Fitch. The company has worked hard to rebuild its reputation in recent years, but this scandal could set them back significantly. It remains to be seen how they will navigate this crisis and rebuild trust with consumers.

Stay tuned for further updates on this developing story.

#Abercrombie #MikeJeffries #SexTrafficking #Retail #BrandImage

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