XXYY.cc Morning News | January 25, 2026

21:00-07:00 Keywords: Extreme Panic · 100% Tariff Threat · Tokenized Survival · Whale Sell-off

1️⃣ Greed Index drops to 25, market falls into "extreme panic" state

Today's cryptocurrency fear and greed index fell to 25. Due to continuous downturns and macro uncertainty, investor sentiment is extremely low. CryptoQuant data shows that Bitcoin holders have experienced net losses realized for the first time since October 2023, with significant short-term liquidation pressure.

2️⃣ Trump threatens 100% tariff on Canada, trade war intensifies

Trump stated yesterday that if Canada reaches a trade agreement with China, the U.S. will impose a 100% tariff on its goods. This move has once again triggered global market turbulence, with increased volatility in the dollar. The cryptocurrency market, as a liquidity-sensitive asset, is under pressure from capital withdrawal due to geopolitical games.

3️⃣ Coinbase CEO: Tokenization has become a "survival opportunity" in bankers' eyes

Brian Armstrong summarized at the Davos Forum that most bank CEOs view asset tokenization as a strategic core. The narrative of tokenization has expanded from stablecoins to almost all financial assets, and traditional finance is accelerating its shift from "wait-and-see" to "on-chain survival".

4️⃣ ETHZilla sells $110 million ETH to purchase jet engines, RWA breaks the circle

Ethereum treasury company ETHZilla, after reducing over $110 million ETH, invested $12.2 million to purchase CFM56 jet engines. The company plans to tokenize them. This move marks that large funds are shifting cryptocurrency profits towards real yield-generating physical assets (RWA).

5️⃣ Oklahoma proposes legislation to support BTC payments, local compliance accelerates

Oklahoma Senator submitted SB 2064 bill, proposing to allow state government employees and vendors to voluntarily receive payments in Bitcoin. If passed, the state will become a pioneer in the U.S. for promoting the practical use of BTC payments following regions like El Salvador.

6️⃣ SEC terminates Gemini Earn lawsuit, three-year legal dispute ends

The SEC announced that after investors received full compensation, it withdrew all charges against Gemini Earn. This landmark regulatory settlement marks the end for affected investors, but it also comes with the news that Nifty Gateway, under Gemini, will close in February, putting continued pressure on the NFT sector.