PANews

Today's News Highlights:
1. UBS Group plans to offer cryptocurrency trading services to some clients
2. Binance considers restarting stock tokenization trading, allowing investors to purchase partial shares
3. US lawmakers submit multiple amendments to the Cryptocurrency Market Structure Act, including banning presidents and other officials from trading digital assets
4. Binance Wallet App and Web Version now support direct trading of MEME coins using stablecoins
5. Moonbirds: BIRB tokens will be launched on the Solana blockchain on January 28
6. Coinbase: The outlook for Q1 remains optimistic after the crypto market adjustment by the end of 2025
Regulation & Macro
UBS Group plans to offer cryptocurrency trading services to some clients
According to Bloomberg, sources familiar with the matter revealed that UBS Group AG intends to provide cryptocurrency investment services to certain private banking clients, aiming

Author: Citrini Research
Translation: Felix, PANews
The chances for retail investors to achieve high returns in the stock market are becoming increasingly slim. The underlying reason may be related to companies delaying their IPOs. Research firm Citrini has published an article exploring the issue of modern capital markets where companies tend to remain private for extended periods, leading to growth value being primarily captured by VC institutions, and public markets have largely become liquidity exit tools. Below are the details.
It is simply nonsense for companies to remain private for the long term.
While I personally understand the motivations behind this and do not blame founders for doing so, such actions undermine the system that originally created these companies. Fundamentally, it is a breach of the promise that allows capitalism to operate.
The social contract in the United States has always worked quite well for capital markets.
That's right, you might be working at a dull small business, or have a job that is not...

Author: Climber, CryptoPulse Labs
The New York Stock Exchange is headquartered at 18 Broad Street, New York, NY, USA, on the south side of the Wall Street curve.
It is also the center of global financial trading, having produced countless talented traders. It has also inspired many films and TV shows, such as "Wall Street," "The Big Short," "The Wolf of Wall Street," "Barbarians at the

BitGo successfully went public on January 22, becoming the first crypto company to IPO in 2026. Although the stock price rose initially on the first day, it soon retreated. The company stated that revenue is growing rapidly, but net profit is very low, facing market skepticism. Analysts believe that as a pioneer in crypto custody, BitGo has development potential and still has room for upward movement in the future.

The article summarizes the current airdrop trends in the crypto space, proposing an evaluation framework based on project maturity, team background, and community activity. It analyzes active projects across several key sectors. It emphasizes the importance of participating in projects, believing that airdrops are just a connection method, and that continuous observation and understanding are necessary to grasp future opportunities.

Silver is transforming from "the poor man's gold" into an indispensable material for key industries, as scrap accounts for only 30% of global silver production, limiting supply. The growing demand in fields such as photovoltaics and electric vehicles is driving up prices and gradually freeing it from the constraints of the gold-silver ratio, potentially leading to a sustained tight supply situation in the future.

Today's News Highlights:
SEC and CFTC to hold a joint "Regulatory Collaboration" crypto-themed event on January 27 at 11:00 PM
Hardware wallet company Ledger plans to go public in New York, with a valuation potentially exceeding $4 billion
BitGo's first day of trading on NYSE rose about 20%, with intraday valuation reaching as high as $2.6 billion
CZ: AI makes you unemployed, crypto makes you not need to work
TikTok announces US plan, two companies jointly operate, Byte retains algorithm intellectual property rights
Fintech and asset tokenization company Superstate completes $82.5 million Series B funding
Dogecoin Foundation-supported 21Shares spot DOGE ETF listed on Nasdaq
Analysis: Bitcoin is in a deep bear market relative to gold; history suggests the downtrend may continue
Regulation & Macro

This report is authored by Tiger Research. What if bridging assets could be utilized? We conducted an in-depth analysis of Katana, a never-sleeping blockchain. It reinvests 100% of on-chain and off-chain yields and transaction fees into DeFi.
Key Highlights
Most Layer 2 solutions lock bridging assets without utilizing them. Katana deploys these assets into Ethereum lending protocols to generate yields, then redistributes the yields as incentives for DeFi protocols.
Storing assets in a vault does not generate any returns. Users must deploy capital into Katana's DeFi protocols to earn additional rewards.
As of Q3 2025, over 95% of Katana's TVL is actively deployed in DeFi protocols. This contrasts with most chains, where utilization rates range from 50% to 70%.

Highlights of This Issue
The weekly coverage period for this issue spans from January 17, 2026, to January 23, 2026.
This week, the total on-chain RWA market cap steadily increased to $22.59 billion, with holders surpassing 640,000. Growth remains driven by user expansion; the total stablecoin market cap slightly decreased to $296.19 billion, while the monthly transfer volume surged to $8.99 trillion. The turnover rate jumped to 30.3 times, indicating the market has entered a high-turnover phase with existing assets, while new capital inflow has slowed.
On the regulatory front, Hong Kong is expected to issue its first stablecoin licenses within the year, and the technical support for China's Digital Renminbi smart contracts has been clarified. At the institutional level, the NYSE announced the development of a tokenized securities platform, and F/m Investments applied to the SEC for a tokenized equity pilot, demonstrating that mainstream trading venues and asset management institutions are actively integrating traditional assets into on-chain frameworks.
At the project level, Ondo Finance will tokenize stocks and

Daily Market Highlights and Trend Analysis, produced by PANews.
1. Market Observation
Trump's policy moves have become the central source of market uncertainty. His repeated disputes over Greenland sovereignty and threats of tariffs on Europe, although ultimately eased with a framework agreement, have significantly shaken global investor confidence in dollar assets. Against this backdrop, the global "de-dollarization" trend is becoming more evident, with many central banks and sovereign funds accelerating diversification of foreign exchange reserves. India's holdings of U.S. Treasuries have fallen to a five-year low, down 26% from the 2023 peak. U.S. debt now accounts for one-third of its foreign exchange reserves, down from 40%, while gold holdings continue to increase. This move echoes the Ontario Teachers' Pension Plan in Canada reducing dollar and U.S. debt exposure, and Greenland's pension fund considering withdrawing from the U.S. stock market, collectively reflecting market concerns over U.S. policy risks.

The U.S. military actions against Venezuela have sparked significant controversy over whether they constitute an "invasion," revealing the complexity of defining "facts" in prediction markets and the lack of social consensus. Although technically feasible, prediction markets are limited by ambiguous rules when dealing with politicized issues, reflecting a concentration of decision-making authority. These discussions call for a reevaluation of how power defines reality.

The article discusses the necessity of physical health as an important asset in the crypto market. The author builds a biological moat by employing methods such as data monitoring, diet optimization, and supplement enhancement to improve metabolic efficiency and cognitive ability, in order to cope with high-intensity mental decision-making and market volatility. He emphasizes that ensuring physical health through scientific means is actually laying the foundation for future capital appreciation.

At the Davos Forum, Jensen Huang announced a new direction for AI development, emphasizing the shift from the "training side" to the "inference side" and "Physical AI," marking the end of the "GPU stacking" era. He pointed out that future AI competition will focus on application scenarios and identified three major challenges faced by Physical AI: spatial intelligence, virtual training grounds, and electronic skin data collection. This shift offers opportunities for wearable devices and humanoid robots, while also bringing new ecological potential to the Crypto track.