Daily Crypto Briefing – January 24, 2026

The crypto markets continue their consolidation phase as Bitcoin hovers around $89,000 while regulatory clarity improves and institutional adoption accelerates across multiple fronts.

Regulation

ETF Options Trading Expands

Bitcoin.com News reports that Nasdaq has received SEC approval for significantly expanded Bitcoin and Ethereum ETF options trading, removing previous limitations and allowing institutional-scale operations.

Binance Revives Stock Trading Plans

CryptoBriefing notes that Binance is planning to revive tokenized stock trading on its platform, joining the race to bring traditional equities onchain as crypto exchanges expand their offerings.

Senate Agriculture Committee Prepares Crypto Bill

The Block reports that the Senate Agriculture Committee's comprehensive crypto market structure bill faces several amendments ahead of next week's hearing, with Democrats proposing ethics-focused changes.

Markets

Bitcoin ETFs See Continued Outflows

CryptoNews reports that U.S. Bitcoin ETFs lost $1.62 billion over four days as hedge funds pulled back from basis trades, with BlackRock's IBIT leading redemptions amid weaker BTC performance.

BitGo Stock Plunges After IPO

Decrypt notes that BitGo's stock fell nearly 22% on its second trading day, diving below the IPO offering price as the crypto custody firm struggles with public market reception.

Gaming Tokens Surge While Bitcoin Stalls

Decrypt reports that Axie Infinity and other gaming tokens are surging while Bitcoin remains stuck below key technical levels, highlighting sector rotation within crypto markets.

Technology

Real-World Asset Tokenization Advances

CoinDesk reports that ETHZilla is purchasing jet engines as part of its real-world asset tokenization strategy, having sold over $114 million of its ETH holdings to fund the initiative.

R3 Builds Solana-Native Institutional Products

CoinDesk highlights that R3 is developing Solana-native structures to bring private credit and trade finance into crypto markets, targeting institutional demand for stable, uncorrelated returns.

DeFi

Spacecoin Launches After Trump Partnership

CoinDesk reports that Spacecoin has launched its SPACE token days after partnering with Trump family-linked World Liberty Financial, aiming to create a decentralized satellite internet network.

Traditional Finance Rules Applied to DeFi

The Defiant notes that regulators are increasingly applying traditional market surveillance, disclosure, and investor protection rules to DeFi protocols, according to PwC's 2026 crypto regulation report.

Quick Hits

Nifty Gateway Shutting Down: The Block reports Gemini's NFT marketplace will close February 26 after facilitating over $300 million in sales
GameStop Bitcoin Move: CoinDesk notes GameStop moved $420 million in Bitcoin to Coinbase Prime, sparking selling speculation
Ukraine Bans Polymarket: CoinDesk reports Ukraine has permanently banned Polymarket with no legal path for return
UBS Crypto Trading Plans: NewsBTC highlights that Swiss banking giant UBS is considering crypto trading for private banking clients
Dogecoin ETF Launch: The Block reports that 21Shares launched another Dogecoin ETF, though Wall Street appetite for memecoins remains limited

What to Watch

Senate Agriculture Committee hearing next week on comprehensive crypto market structure legislation
Bitcoin's technical support at $89,000 as markets test key levels amid continued consolidation
Ethereum Foundation's quantum security initiatives and their impact on network development roadmap
Stablecoin regulatory developments as enterprise adoption accelerates and yield restrictions are debated
Traditional finance crypto adoption as major institutions like UBS explore digital asset offerings