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Asia Market Open: Bitcoin Dips Below $90K, Wall Street Rebound Lifts Asia Risk Mood

22 January 2026 at 22:34

Bitcoin dipped below $90,000 on Friday as Asian stocks posted modest gains after the Bank of Japan held rates steady, with investors weighing softer US tariff talk alongside signs of US economic resilience.

MSCI’s broadest index of Asia Pacific shares outside Japan rose 0.4%, while Japan’s Nikkei added 0.3%.

Japan’s central bank left its interest rate steady at about 0.75% after wrapping up its two-day policy meeting on Friday.

The hold followed a rate increase in December that lifted borrowing costs to their highest level in three decades, after policymakers judged the chances of meeting the 2% inflation target had improved.

BREAKING: BOJ revises inflation forecast up, keeps policy rate unchangedhttps://t.co/hn72uFUABs pic.twitter.com/KgWAHpmrqs

— Nikkei Asia (@NikkeiAsia) January 23, 2026

Market snapshot

  • Bitcoin: $89,795, down 0.1%
  • Ether: $2,960, down 1.7%
  • XRP: $1.91, down 1.6%
  • Total crypto market cap: $3.11 trillion, down 0.3%

Wall Street Extends Rebound After Trump Eases Tariff Rhetoric

Greg Magadini, director of derivatives at Amberdata, said: ”The biggest threat today for global risk-assets, including BTC and altcoins, is around debt sustainability. If yields rise too much, the cost of financing (and investment attractiveness) of risk-assets requires lower prices.”

On Wall Street, stocks extended a rebound for a second session on Thursday after President Donald Trump walked back earlier tariff threats on European goods and ruled out taking control of Greenland by force.

The S&P 500 gained 0.5% and the Nasdaq Composite rose 0.9%, with investors rotating back into equities after the midweek jitters.

The rally also broadened, with the small-cap Russell 2000 closing at a record high, even as the week stayed choppy, the S&P 500 and Nasdaq were down 0.4% for the week and the Dow was little changed.

Earnings Season Looms As A Fresh Market Test

In rates and FX, the dollar index held near 98.329 and hovered around its lowest levels of the year after its biggest one-day fall in six weeks.

Fed funds futures implied a 96% chance the Federal Reserve will keep rates on hold at its Jan. 28 meeting, and the 10-year Treasury yield ticked up to about 4.247%.

Commodities stayed in focus as precious metals pushed deeper into record territory, with gold up 0.3% to $4,951.47 per ounce and silver up 1.7% at $97.85.

South Korea led the regional move, the Kospi rose 1.1% for a third day after crossing 5,000 for the first time, a level President Lee Jae Myung had pledged to target through market reforms and tax measures aimed at narrowing the so-called Korea discount.

Tech also kept traders busy after Intel forecast quarterly revenue and profit below estimates, sending its shares down 11% in after-hours trading, a reminder that earnings season can still reshape sentiment quickly.

The post Asia Market Open: Bitcoin Dips Below $90K, Wall Street Rebound Lifts Asia Risk Mood appeared first on Cryptonews.

SEC Crypto Crackdown Shrinks 60% Under Trump Pick Paul Atkins

22 January 2026 at 20:04

US securities regulators opened far fewer crypto-related enforcement actions in 2025, with a Cornerstone Research report pointing to a sharp shift in priorities after President Donald Trump’s administration installed Paul Atkins as SEC chair.

The report found the SEC initiated 13 crypto-related actions in 2025, down from 33 in 2024, a 60% decline and the lowest level since 2017.

Part of that count reflects a handover at the top. Five of the 13 actions were initiated under Gary Gensler before his departure in Jan. 2025, while eight were initiated under Atkins. Those eight included allegations of fraud.

That mix matters for crypto markets that spent the last few years bracing for regulation by enforcement.

Image Source: Cornerstone Research

Fewer Cases, But A Sharper Focus Under Atkins

With the SEC focusing new crypto cases on fraud, the focus has shifted away from broad registration theories and toward cases built around clear investor harm that are easier to argue in court.

The same report also found 29 crypto-related actions were resolved in 2025, including seven that the SEC dismissed under Atkins.

Meanwhile, total monetary penalties imposed against digital asset market participants came to $142M in 2025, which Cornerstone said was less than 3% of the penalties imposed in 2024.

SEC Focus Turns To Frameworks Beyond Courtrooms

“Enforcement actions under Chair Atkins reflect a shift in the SEC’s approach to digital-asset oversight, consistent with the priorities laid out in early 2025,” said Robert Letson, a principal at Cornerstone Research.

“Digital asset regulation continues to evolve and is something we will be watching closely in 2026.”

Atkins took office in April 2025 after a brief period with an acting chair, and legal observers have tracked a broader reset in tone across the agency since the leadership change.

If the SEC keeps prioritizing cases it can frame as fraud, the next phase of US crypto oversight may hinge less on surprise lawsuits and more on what rulemaking, guidance, or negotiated standards the commission chooses to put on the table in 2026.

The post SEC Crypto Crackdown Shrinks 60% Under Trump Pick Paul Atkins appeared first on Cryptonews.

Layer-1 Protocol Saga Temporarily Shuts SagaEVM Chain After $7M Exploit

22 January 2026 at 00:33

Layer-1 network Saga paused its SagaEVM chain after an exploit that moved nearly $7m in tokens to Ethereum, as the team works through an ongoing investigation.

Saga said it stopped the chain at block height 6593800 after identifying a security incident on Jan. 21, and it has kept the network paused “out of an abundance of caution” while it validates the full impact and patches the weakness and reinforces the system.

“We recognize that a pause is disruptive. We made this decision because the safety of our community comes first,” the team said Wednesday in its blog. “Once remediation is complete, we will publish a more comprehensive technical post-mortem.”

SagaEVM remains paused while we finalize the results of our investigation into the Jan 21 exploit.

We’re working with partners on remediation and will publish a post-mortem once findings are fully validated. $7M of USDC was bridged out and converted to ETH.

Extracted funds were…

— Saga ⛋ (@Sagaxyz__) January 22, 2026

Saga Identifies Wallet Linked To $7M Exploit

In its investigation update, Saga said nearly $7M in USDC, yUSD, ETH, and tBTC were transferred to the Ethereum Mainnet, and it identified the wallet it was extracted to.

The team said it is coordinating with exchanges and bridge operators to blacklist the attacker’s address and support recovery efforts, while it continues forensic analysis using archive data and execution traces.

Saga described the attack as a coordinated sequence involving contract deployments and cross-chain activity that ended in rapid liquidity withdrawals.

Chainalysis Estimates $3.4B In Crypto Theft In 2025

Reports on the incident also said the attacker bridged assets to Ethereum and converted proceeds into ETH via swaps.

Saga said the incident affected the SagaEVM chainlet along with Colt and Mustang, but it did not affect the Saga SSC mainnet, the protocol’s consensus, validator security, or other Saga chainlets. It also said it found no evidence of validator compromise, signer key leakage, or consensus failure.

The breach lands as crypto security remains under pressure. Chainalysis estimated the industry saw over $3.4B in theft in 2025, and pointed to large, concentrated hacks as a key driver of losses.

The post Layer-1 Protocol Saga Temporarily Shuts SagaEVM Chain After $7M Exploit appeared first on Cryptonews.

Cathie Wood’s Ark Invest Forecasts Nearly 9× Growth in Digital Assets to $28 Trillion by 2030

21 January 2026 at 23:34

Cathie Wood’s Ark Invest is leaning into a big end-of-decade call on crypto.

In its Big Ideas 2026 report published Wednesday, the firm says digital assets could reach $28 trillion in market value by 2030. That is up from about $3.13 trillion today, a jump of roughly 9x.

The firm framed the estimate around two buckets, smart contract networks and “pure-play digital currencies”, which it describes as stores of value, mediums of exchange, and units of account on public blockchains.

Ark said the market “could grow at an annual rate of ~61% to $28 trillion in 2030”.

Ark also expects Bitcoin to dominate the pie. “We believe Bitcoin could account for 70% of the market,” it said, with the rest led by smart contract networks such as Ethereum and Solana.

Image Source: Ark Invest/ Big Ideas 2026

Ark Sees Bitcoin Market Cap Climbing To $16 Trillion By 2030

Based on Ark’s forecast, Bitcoin’s market cap could rise at a compound annual growth rate of about 63% during the next five years, climbing from nearly $2 trillion to $16 trillion by 2030.

The report also argued that Bitcoin is increasingly behaving like a safe-haven asset, pointing to lower volatility and drawdowns in 2025 that looked shallow versus its own history across 5-year, 3-year, 1-year, and 3-month windows.

Institutional ownership is a big part of that story. Ark said US spot Bitcoin ETFs and public companies held about 12% of total Bitcoin supply, up from 8.7%, after Bitcoin ETF balances rose 19.7% in 2025 from about 1.12M to about 1.29M, and public company holdings jumped 73% from roughly 598,000 to about 1.09M.

Bitcoin’s maturation is showing. ARK's Big Ideas 2026 research details rising adoption, leading risk-adjusted performance, the shallowest drawdowns in its history, and more.

Read @dpuellARK’s thread below and download the report for a deeper dive: https://t.co/Uw1o20VSMc https://t.co/L8GynmfSQz

— ARK Invest (@ARKInvest) January 21, 2026

Smart Contract Networks Could Grow At A 54% Annual Pace

Regarding smart contracts, Ark projected that the segment could reach approximately $6 trillion by 2030, growing at a 54% annual rate, as networks generate annualized revenue of around $192B at an average take rate of 0.75%.

It also expects two to three Layer-1 platforms to take the lion’s share, with valuations driven more by monetary premium than discounted cash flows.

Ark’s report kept Ethereum in the lead when it comes to on-chain assets, saying assets on Ethereum now exceed $400B. It also said stablecoins and the top 50 tokens make up about 90% of market value across seven of the eight most popular blockchains.

Ark Sees Long Runway For Tokenization Despite Small Current Share

Ark said meme coins remain a small part of most blockchains, making up about 3% or less of capital outside Solana.

Solana is the exception, where meme coins account for about 21% of assets. The firm also said tokenization of real-world assets could be one of the fastest-growing areas, as off-chain assets offer the biggest opportunity for on-chain growth.

That tokenization thesis is where Ark put another headline number. The firm said tokenized assets could grow from $19B to $11 trillion by 2030, which would still be only about 1.38% of all financial assets, suggesting plenty of runway even in a bullish scenario.

Sovereign debt dominates tokenization today, Ark said, and it expects bank deposits and global public equities to move a bigger share of value on-chain over the next five years.

It tied broad adoption to regulatory clarity and institutional-grade infrastructure, signalling that the plumbing may matter as much as the protocols.

The post Cathie Wood’s Ark Invest Forecasts Nearly 9× Growth in Digital Assets to $28 Trillion by 2030 appeared first on Cryptonews.

Asia Market Open: Bitcoin And Stocks Edge Higher As Greenland Tensions Cool

21 January 2026 at 22:04

Bitcoin inched up toward $90,000 early Thursday as investors eased back into risk, after President Donald Trump struck a calmer tone on Greenland and signalled a path toward a deal that pulled some heat out of markets.

Asian equities followed Wall Street higher, while gold and silver slipped as the scramble for safety faded.

Market snapshot

  • Bitcoin: $89,906, up 0.9%
  • Ether: $3,018, up 1.8%
  • XRP: $1.95, up 2.6%
  • Total crypto market cap: $3.13 trillion, up 0.9%

The shift came after Trump said he had reached the “framework of a future deal” involving NATO over Greenland, and indicated he would hold off on the tariff threat that had rattled traders earlier in the week.

⚠Bitcoin held near $92,000 as trade-war fears resurfaced, Asian stocks slipped in risk-off trading, and futures and FX markets led the reaction.#CryptoMarketUpdate #AsiaMarketOpen https://t.co/6MSIpB6dlS

— Cryptonews.com (@cryptonews) January 20, 2026

Trump Backs Off Greenland Tariffs, Leaves Details Of Deal Vague

That message marked a clear step down from the weekend’s rhetoric, when Trump talked up US control of Greenland, threatened a new round of duties on several European countries, and kept markets guessing about how far he might push.

European leaders had been preparing retaliation options and warning the dispute risked spilling into a broader trade fight.

Even so, the contours of any “framework” remain hazy. Denmark has repeatedly rejected the idea of ceding the semi-autonomous island, and NATO Secretary General Mark Rutte later suggested sovereignty was not on the table in his conversation with Trump, leaving investors to treat the détente as tactical, not permanent.

Markets traded the change in tone quickly. Japan’s Nikkei rose 1.4%, South Korea’s Kospi gained 1.6%, and Australia’s S&P ASX 200 added 0.6%, putting a regional gauge on track to snap a three-day losing streak.

Overnight in the US, equities rose as traders unwound part of the week’s risk-off positioning. The S&P 500 climbed 1.2% and the Nasdaq 100 advanced 1.4%, after Trump’s comments reduced the odds of near-term tariff escalation tied to Greenland.

Relief Rally Meets Reality As Greenland Stays A Live Risk

In crypto, the bounce came with a more measured tone. Bitfinex analysts said the focus now is on signs that the market is stabilizing, including ETF flows flattening or turning positive, spot taker cumulative volume delta staying net positive, and price reclaiming the $90,000 to $92,000 zone with falling volatility.

“If those don’t align, this move looks like redistribution instead of the previously assumed consolidation before an uptrend,” they said.

Rates and the dollar looked steadier as well. Treasury yields held near recent levels after easing in the prior US session, helped by calmer bond-market trading and solid demand at a $13B 20-year auction, while the greenback edged higher.

Currently, traders are treating Greenland as a live headline risk rather than a closed chapter.

Trump is still keeping the issue on the global agenda at Davos, and investors have learned this week that a single line from the podium can reset the mood across stocks, crypto and havens just as fast.

The post Asia Market Open: Bitcoin And Stocks Edge Higher As Greenland Tensions Cool appeared first on Cryptonews.

Asia Market Open: Bitcoin Tumbles To $88K, Gold Sets Record As Markets Price Fresh Trade Shock

20 January 2026 at 21:04

Bitcoin slid 4% to about $88,000 on Wednesday as a sharp leverage unwind ripped through crypto markets, adding fresh stress to a week already defined by risk aversion across stocks, bonds and currencies.

Spot gold surged past $4,800 an ounce for the first time, while silver also notched record highs, as investors kept leaning into havens during a broad “Sell America” style move that pressured the dollar.

Liquidation data from CoinGlass showed 181,570 traders got wiped out over the past 24 hours, taking total liquidations to $1.07B. Long positions took most of the damage, with $998.33M liquidated versus $71.39M in shorts.

Market snapshot

  • Bitcoin: $88,942, down 4%
  • Ether: $2,963, down 7.1%
  • XRP: $1.90, down 3.8%
  • Total crypto market cap: $3.09 trillion, down 3.9%

Bitcoin, Ether Dominate Liquidations As Equities Stay Under Pressure

Bitcoin and Ether accounted for the bulk of the forced selling. The heatmap showed $440.19M in Bitcoin liquidations and $392.38M in Ether, while the remaining tokens together tallied about $52.60M.

Dow tumbles by more than 850 points and stocks suffer worst day since October as Trump clashes with European leaders over Greenland https://t.co/WQDVJiQ8H4

— CNN (@CNN) January 20, 2026

The risk mood also weighed on equities in Asia, where losses extended into a third session. MSCI’s Asia-Pacific index outside Japan fell 0.3% in early trade, and Japan’s Nikkei dropped 1.2%, marking a fifth straight decline.

Europe looked soft as well. Euro Stoxx 50 futures and DAX futures both slipped 0.4%, keeping traders on edge as they assessed the latest tariff timeline and its knock-on effects for global growth.

Wall Street Losses Deepen As Trump Doubles Down On Greenland

In the US, the previous session delivered the heaviest hit, with Wall Street sliding more than 2% overnight. The S&P 500 fell 2.06% and the Nasdaq Composite sank 2.4%, while Nasdaq and S&P 500 futures later steadied, up about 0.2% in early dealing.

That same flight to safety kept pushing bullion higher. Trade tensions stayed at the centre of the story. President Donald Trump doubled down on his Greenland rhetoric, saying there was “no going back” on his goal to control the island, and his tariff threats toward Europe revived fears of a wider trade war.

Policymakers in Europe prepared their response, with the European Union set to hold an emergency summit in Brussels on Thursday and leaders weighing options that include tariffs worth 93B euros, $109B, on US imports.

Koinly CEO Robin Singh said February has historically been Bitcoin’s month, averaging double-digit gains over the past decade. “But underperformance wouldn’t be surprising, and it’s not necessarily a bad thing,” he said.

The post Asia Market Open: Bitcoin Tumbles To $88K, Gold Sets Record As Markets Price Fresh Trade Shock appeared first on Cryptonews.

Delaware Life Teams Up With BlackRock To Bring Bitcoin Exposure To Annuities

20 January 2026 at 20:05

Delaware Life is taking a new step toward mainstreaming Bitcoin exposure in retirement-style products, adding a BlackRock-built index that blends US equities and Bitcoin to its fixed indexed annuity lineup.

The insurer, which sits within Group 1001, said Tuesday it has added the BlackRock US Equity Bitcoin Balanced Risk 12% Index to its fixed indexed annuity portfolio, calling it the first time an insurance carrier has offered an index that includes cryptocurrency.

Fixed indexed annuities, or FIAs, typically protect the policyholder’s principal while crediting interest that is linked to a market index, often with caps or other limits on upside.

The new index is designed to deliver exposure to the iShares Core S&P 500 ETF alongside the iShares Bitcoin Trust ETF, and it targets 12% volatility by adding a cash component that can dial risk up or down.

Delaware Life Insurance Company, a Group 1001 insurance subsidiary, announced the addition of the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its fixed indexed annuity (FIA) product lineup, making it the first U.S. insurer to introduce bitcoin exposure within this…

— Wu Blockchain (@WuBlockchain) January 20, 2026

Delaware Life Blends Crypto Access With Capital Preservation

Delaware Life framed the move as a way to let investors add Bitcoin exposure without handling coins directly, while keeping the principal protection structure that defines the FIA wrapper.

“We’re proud to partner with BlackRock as the first insurance carrier to offer cryptocurrency exposure through a fixed index annuity,” said Colin Lake, president & CEO of Delaware Life Marketing.

“As the retirement-planning landscape evolves, we’re continuously and thoughtfully innovating to meet the needs of financial professionals and their clients. Our fixed index annuities deliver what today’s investors want and need: opportunity for growth with protection.”

Demand For Bitcoin Exposure Pushes Deeper Into Retirement Products

Meanwhile, BlackRock’s Robert Mitchnick tied the launch to demand for Bitcoin exposure through familiar rails, saying the index aims for a measured approach that keeps the downside protection annuity buyers expect.

At the same time, the index option will be available on three Delaware Life products, Momentum Growth, Momentum Growth Plus, and DualTrack Income, as traditional finance keeps experimenting with ways to package crypto exposure inside regulated products.

The launch also leans on the momentum behind BlackRock’s spot Bitcoin vehicle, with iShares’ site listing tens of billions of dollars in net assets for IBIT.

The post Delaware Life Teams Up With BlackRock To Bring Bitcoin Exposure To Annuities appeared first on Cryptonews.

Asset Manager SkyBridge Prepares For Choppy Markets, Keeps Faith In Bitcoin

20 January 2026 at 19:38

Alternative asset manager SkyBridge Capital is leaning harder into macro trades as policy uncertainty under President Donald Trump keeps markets jumpy, founder Anthony Scaramucci said in Davos, where investors are again pricing bigger swings across rates, currencies and risk assets.

Scaramucci, speaking at the Reuters Global Markets Forum on the sidelines of the World Economic Forum, said the firm has benefited from that churn.

“Because of the volatility, the macro traders have done better,” he said.

The shift shows up in SkyBridge’s own portfolio mix. The SkyBridge Opportunity Fund moved to a macro weighting of about 69% by Sept. 30, 2025, after sitting at roughly 65% in cryptocurrency and digital assets as of March 31, 2025, filings show.

Even so, Scaramucci stuck to his long-running view that Bitcoin’s big picture remains intact, even after a sharp slide from last year’s peak.

“This is more of a timing issue than a direction issue. I don’t think the fundamental story for Bitcoin has changed. If anything, you’ve seen a lot of consolidation,” he said.

Leverage Unwind Leaves Lasting Scars Across Crypto

Bitcoin’s 2025 ride left deep marks on the market’s plumbing. The token surged to an all-time high of more than $126,000 in October, then tumbled in a liquidation-heavy washout that saw more than $19B in forced unwinds across leveraged positions.

By Wednesday, Bitcoin last traded around $88k, roughly 30% off that October record, a drawdown that tested the conviction of traders who had positioned for a cleaner policy runway in Washington.

Scaramucci said the crypto industry, himself included, got ahead of itself on regulation after last year’s election cycle, expecting a faster reset in how Washington writes the rules for digital assets.

SkyBridge Strikes Cautious Tone Amid Policy Delays

The US did land a stablecoin framework, the GENIUS Act became law in July 2025, but the broader market structure effort, often framed as the Clarity Act, is still moving through the Senate, leaving exchanges and issuers to navigate a slower timeline than many had expected.

That gap is one reason SkyBridge is keeping its stance measured, even while staying constructive on bitcoin’s long-term trajectory. “I’m cautiously optimistic. I think we’ll have an OK year,” Scaramucci said.

Away from SkyBridge’s fund positioning, Scaramucci and his son AJ have also put capital to work in the Bitcoin economy itself. Solari Capital, founded by AJ Scaramucci, led a $220M funding round in July in American Bitcoin, the Trump-linked mining and treasury firm, and the Scaramuccis told Fortune they have invested more than $100M in the company.

The post Asset Manager SkyBridge Prepares For Choppy Markets, Keeps Faith In Bitcoin appeared first on Cryptonews.

Hong Kong Securities Body Pushes Back On Tighter Crypto Licensing Rules

20 January 2026 at 02:27

The Hong Kong securities industry is pushing back against a plan that would tighten the net around crypto exposure inside traditional portfolios, arguing the city risks scaring off mainstream asset managers just as it tries to build a deeper digital-asset market.

In a submission dated Tuesday, the Hong Kong Securities and Futures Professionals Association urged regulators to keep a long-standing “de minimis” carve-out for Type 9 licensed asset managers, warning that scrapping it would turn even tiny allocations into a full licensing trigger.

Type 9 is Hong Kong’s standard licence for discretionary portfolio managers, the permission most traditional fund managers hold to run client money under the SFC’s rules.

Proposed Rule Would Scrap 10% Crypto Threshold

Under today’s uplifted regime, Type 9 managers can invest less than 10% of a fund’s gross asset value in virtual assets without seeking a separate virtual asset management licence, as long as they notify the Securities and Futures Commission. The proposal under consultation would remove that threshold.

The industry group said the change effectively forces an “all-or-nothing” decision for firms that want to test crypto as a diversifier.

“This ‘all-or-nothing’ approach is disproportionate,” it wrote, adding that it would impose major compliance costs even when risk exposure stays limited.

It also urged regulators to bring the carve-out back in a clear, risk-based form. “We strongly propose reinstating a de minimis exemption,” the association said, arguing that managers below a set threshold should face a notification requirement rather than the full virtual asset management regime.

The submission lands amid Hong Kong’s broader effort to widen its digital-asset rulebook. The Financial Services and the Treasury Bureau and the SFC published consultation conclusions in December on licensing for virtual asset dealing services, and they opened a further public consultation on proposed licensing regimes for virtual asset advisory and management service providers.

🇭🇰 Hong Kong moves forward with crypto licensing for dealers, custodians, and advisory firms, strengthening oversight and investor protections. #CryptoRegulation #HongKonghttps://t.co/1ENWDTDJfg

— Cryptonews.com (@cryptonews) December 24, 2025

Licensing Expansion Aims To Match Institutional Growth

Custody rules have become another pressure point. The association criticized proposals that would require virtual asset managers to use only SFC-licensed custodians, saying the mandate could prove unworkable for private equity and venture funds that buy early-stage tokens that local custodians do not yet support.

Hong Kong’s regulators have pitched the new licensing architecture as part of a push to bring more activity onshore, while tightening standards as institutional participation grows. Officials have also signalled they want a framework that can plug into existing regulated activity, rather than leaving crypto exposure to ad hoc interpretations.

The debate matters because it goes to how quickly traditional finance joins the trade. Keeping a 10% carve-out makes it easier for stock and bond managers to add a small sleeve of Bitcoin or other tokens, while removal raises the bar to a full licence even for experimentation, creating a higher fixed cost before firms see meaningful demand.

Hong Kong has tried to balance that tension by expanding licensing while also smoothing market plumbing in other areas, including steps aimed at improving liquidity at regulated virtual asset trading platforms.

Regulators have not finalised the advisory and management proposals, and the current consultation process is designed to gather feedback before legislative work moves forward. The government has said it plans to refine proposals and take legislation to the city’s legislature in 2026.

The post Hong Kong Securities Body Pushes Back On Tighter Crypto Licensing Rules appeared first on Cryptonews.

Coinbase CEO Targets Progress On Crypto Bill During Davos Talks

20 January 2026 at 00:11

Coinbase chief executive Brian Armstrong says he is taking Washington’s crypto market structure talks to Davos this week, aiming to narrow the gap with banks as lawmakers struggle to keep a sweeping bill on track.

In a video posted on X, Armstrong said Coinbase will stay engaged during the World Economic Forum, and he plans more conversations with bank leaders to push toward a draft the industry can live with.

“We’re going to continue to work on the market structure legislation, and meet with some of the bank CEOs to figure out how we can make this a win-win,” he said.

He argued stablecoins should create opportunities for both crypto platforms and traditional lenders, and said he will feed those discussions back to lawmakers and the administration in an effort to move the legislation forward.

Just arrived in Davos for @WEF. Three main goals this week:

1) Talk to world leaders about economic freedom and how crypto can update their financial systems

2) Continue the push for market structure legislation

3) Keep pushing for tokenization to democratize access to capital… pic.twitter.com/knjuMZKRtb

— Brian Armstrong (@brian_armstrong) January 19, 2026

Market Structure Fight Centers On Token Classification

The bill at the centre of the dispute seeks to clarify when digital tokens fall under securities rules or commodities oversight, and it would put spot crypto markets under the Commodity Futures Trading Commission, a long-running goal for many major US exchanges.

Coinbase last week pulled its support after reviewing the updated text, with Armstrong posting, “After reviewing the Senate Banking draft text over the last 48hrs, Coinbase unfortunately can’t support the bill as written.”

He said the draft carries too many problems, including what he described as a de facto ban on tokenized equities, restrictions affecting decentralized finance and privacy, and changes that would weaken the CFTC in ways that could leave innovation at the mercy of the Securities and Exchange Commission.

Markup Delayed As Lawmakers Seek Middle Ground

Coinbase’s break landed just as the Senate Banking Committee prepared to mark up the bill, and the panel has since postponed its session as bipartisan negotiations continue, with Chairman Tim Scott saying stakeholders remain engaged.

A key flashpoint has been stablecoin rewards, with banking groups pressing lawmakers to ensure crypto firms cannot replicate deposit-like interest through incentive programmes, and crypto advocates warning that an overly broad ban would choke off product design.

The draft would restrict paying interest solely for holding a stablecoin, while still allowing rewards tied to certain activities such as payments or loyalty programmes, with disclosure rules to be set by the SEC and CFTC.

Armstrong says he will also use Davos to pitch a broader message to policymakers and executives, that crypto infrastructure and tokenization can modernise market plumbing and expand access to capital markets.

The post Coinbase CEO Targets Progress On Crypto Bill During Davos Talks appeared first on Cryptonews.

Asia Market Open: Bitcoin Steadies Near $92K, Stocks Slip On Trump Tariff Threat Over Greenland

19 January 2026 at 22:16

Bitcoin held near $92,000 on Tuesday after Monday’s sell-off, as traders stayed cautious amid renewed trade-war anxiety sparked by President Donald Trump’s threat to slap tariffs on eight European nations unless the US is allowed to buy Greenland.

Markets felt the shock first through futures and currencies as Wall Street cash markets were closed on Monday for a holiday, leaving no regular overnight session to set the tone.

Market snapshot

  • Bitcoin: $92,360, down 0.4%
  • Ether: $3,183, down 0.8%
  • XRP: $1.96, up 0.2%
  • Total crypto market cap: $3.21 trillion, down 0.3%

By early Asia hours, Nasdaq and S&P 500 futures were down about 1% as investors pared exposure to US risk assets.

Asian equities dipped as the risk-off move spread, with MSCI’s broad Asia-Pacific gauge down about 0.44% and Japan’s Nikkei off about 0.8%. Europe looked softer too, with futures pointing to a muted, lower open as traders digested the latest tariff timeline.

The dollar stayed under pressure and US Treasury yields climbed, with the 10-year yield rising to around 4.265%, its highest level in more than four months, as the so-called Sell America trade regained momentum in early dealing. Gold held near record levels and the Swiss franc drew fresh haven demand.

Bitcoin Trades Calmly Despite Macro Turbulence

In crypto, the price action looked calmer than the macro headlines. Bitcoin hovered near $92,000 after last week’s squeeze higher, and some desks framed the recent volatility as a leverage reset rather than a full change in trend.

Bitfinex analysts said Bitcoin showed early signs of structural improvement in 2026 after briefly pushing through the $94,000 to $95,000 resistance zone, a move they said flushed out shorts in the biggest clear-out in nearly 100 days.

They added that aggressive spot buying helped the rebound and that long-term holder distribution slowed, with realized profits dropping to about 12,800 BTC per week, well below earlier cycle peaks.

“For a more durable rally to take hold, market structure will need to transition into a regime where maturation supply begins to outweigh long-term holder spending,” the analysts said.

“Such a shift would drive long-term holder supply higher, signalling renewed conviction and reduced sell-side pressure. Historically, this configuration was last observed during Aug. 2022–Sept. 2023 and again from March 2024–July 2025, both periods that preceded stronger and more sustained trend recoveries for Bitcoin.”

Europe Prepares Countermeasures To US Tariff Push

Trump’s tariff threat drove the broader mood. He said the US would impose additional 10% import tariffs from February 1 on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland and Britain, and raise them to 25% on June 1 if no deal is reached.

European officials pushed back, and the EU began weighing retaliation if the duties advance, including reactivating a suspended tariff package worth about €93B and considering the bloc’s Anti-Coercion Instrument, a tool designed for high-pressure trade disputes.

Attention now shifts to Davos, where Trump is set to meet global business leaders on Wednesday during the World Economic Forum, keeping trade and policy risk front and centre for markets that have started the week in defensive mode.

The post Asia Market Open: Bitcoin Steadies Near $92K, Stocks Slip On Trump Tariff Threat Over Greenland appeared first on Cryptonews.

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