Blockonomi

TLDR

Worldcoin deletes all biometric data gathered from Kenyans in 2023 following a High Court ruling.

The Data Protection Commissioner oversaw the deletion of the data collected via iris-scanning orbs.

The Kenyan government halted Worldcoin’s data collection in August 2023 due to privacy concerns.

Other countries, including Indonesia, Spain, Thailand, and Portugal, have also suspended Worldcoin’s operations over privacy issues.

Worldcoin has not resumed its data collection activities in Kenya following the legal actions and government suspension.

Worldcoin has erased all personal biometric data it gathered from Kenyans in 2023, as per a court order. The Office of the Data Protection Commissioner confirmed that the deletion process took place under its supervision. This move follows a High Court ruling that found the company had unlawfully collected biometric data from Kenyan citizens.

Court Orders Data Deletion

On May 5, 2025, Kenya’s High Court ruled that Worldcoin had collected biometric information without proper consent. The court directed the company to destroy the data permanently within 7 days.

Tools For Humanity, the firm behind Worldcoin, carried out the deletion under the oversight of the Data Protection Commissioner. The office confirmed the deletion of all data previously collected using iris-scanning orbs.

The Data Protection Commissioner did not reveal the total amount of data collected during the exercise. However, it emphasized its commitment to enforcing data protection laws. The office assured the public that it would hold any firm accountable for non-compliance.

Worldcoin Suspended in Kenya

Worldcoin began collecting biometric data in Kenya in 2023, attracting large crowds in Nairobi. Participants scanned their irises in exchange for digital identities called World ID, which allowed them to access cryptocurrency services.

The company also offered 25 free cryptocurrency tokens to participants, valued at around Sh8,200 at the time. The Kenyan government halted the data collection exercise on August 2, 2023, citing concerns over data privacy.

Worldcoin’s collection methods had raised alarms regarding the safety of personal information. Since the suspension, Worldcoin has not resumed any data collection activities in Kenya.

Global Response to Worldcoin’s Practices

Kenya is not the only country to suspend Worldcoin’s operations. Other governments, including those of Indonesia, Spain, Hong Kong, and Portugal, have also raised concerns. They have suspended or restricted the project due to privacy and data protection issues. These actions have put Worldcoin’s global operations under increasing scrutiny.

Thailand also took a step, as we had reported earlier. Thailand’s government ordered Worldcoin to halt operations and delete user data after violating the country’s data protection laws. Authorities claimed the platform breached the Personal Data Protection Act, which governs data collection and usage.

Following a raid on an iris-scanning location in October, the Economic and Social Development Board instructed Worldcoin to delete the biometric data. Despite the recent suspension, Worldcoin had previously run a pilot program in Kenya and other countries, including Chile and Indonesia. As of now, the company has not resumed its activities in the country due to legal rulings.

The post Worldcoin Deletes Kenyan Biometric Data Following Court Order appeared first on Blockonomi.

TLDR:

WalletConnect integration connects over 600 wallets and 70,000 dApps directly to TRON’s payment network.

TRON processed $7.9 trillion in USDT transfers in 2025, handling $21 billion in daily stablecoin settlements.

Trust Wallet processed $20M in TRON transactions since October, with Binance Web3 Wallet adding $3 million.

WalletConnect’s partnership with Ingenico enables stablecoin payments across 40 million global retail terminals.

 

WalletConnect has integrated TRON network support, connecting over 600 crypto wallets and 70,000 decentralized applications to one of the blockchain industry’s largest payment networks. 

The integration enables direct access to TRC-20 token transfers and TRON’s DeFi, NFT, and GameFi ecosystem. 

This expansion reinforces stablecoins as a primary global payment infrastructure while extending institutional access to TRON’s high-throughput network.

Infrastructure Integration Connects Major Wallet Providers

The WalletConnect integration now supports TRON across multiple leading wallet platforms in the cryptocurrency ecosystem. 

Trust Wallet has processed over $20 million in transactions since October through this connection. Binance Web3 Wallet has facilitated $3 million in transaction volume. SafePal has recorded $1.7 million in processed transactions.

The integration extends beyond consumer wallets to institutional infrastructure providers. Custodians and fintech applications like Fireblocks now support TRON without requiring additional development work. 

This streamlined approach reduces technical barriers for financial institutions entering the TRON ecosystem. 

According to WalletConnect CEO Jess Houlgrave, stablecoins demonstrate they can transfer money faster and more efficiently than traditional payment systems.

. @WalletConnect announced support for the TRON network, expanding institutional access to DeFi on TRON and extending payment connectivity across one of the world’s largest blockchain networks.

The integration connects over 600 WalletConnect-enabled wallets and 70,000 dApps… pic.twitter.com/fhl2ZEVniO

— TRON DAO (@trondao) January 21, 2026

“Stablecoins are proving they can move money faster and more efficiently than traditional payment rails; the next step is making them universally accessible,” Houlgrave stated. 

She added that each new integration provides more users with access to cryptocurrency and faster, cheaper payments. “Adding TRON expands the global stablecoin rails available to our ecosystem and strengthens everyday payment adoption,” she explained.

Applications including Sun.io, JustLend, Bridgers, Symbiosis Finance, and Debridge are rolling out TRON support. These platforms will enable faster payment processing and broader DeFi participation. 

The integration provides multi-wallet connectivity across mobile and desktop environments. Users can now execute seamless TRC-20 token transfers from any supported wallet interface.

WalletConnect recently announced a partnership with Ingenico to enable stablecoin payments across 40 million point-of-sale terminals worldwide. 

This represents one of the largest expansions of cryptocurrency into physical retail environments. 

The TRON integration complements this infrastructure by adding another major settlement network to WalletConnect’s supported blockchain options.

TRON Processes Billions in Daily Stablecoin Settlements

TRON has established itself as the dominant settlement network for USDT transactions across global markets. The network processed an estimated $7.9 trillion in USDT transfer volume throughout 2025. 

Daily stablecoin transfers on TRON exceed $21 billion, reflecting the network’s role in mainstream digital payments. The network facilitates high-frequency value transfers for consumer and business applications.

TRON’s architecture supports peer-to-peer transfers, remittances, merchant settlements, and exchange payouts at scale. 

The network has gained adoption in emerging markets for cross-border payments. Its low-cost structure makes it suitable for “digital cash” transactions and everyday payment use cases. 

TRON operates under governance by the TRON DAO, a community-led organization focused on internet decentralization.

TRON founder Justin Sun emphasized the network’s mainstream stablecoin usage and scalability for payment operations.

 “Stablecoins have reached real mainstream use, with the TRON network handling more than $21 billion in stablecoin transfers each day,” Sun noted. He further explained that TRON was designed to operate at scale for widespread adoption.

“TRON was built to operate at scale, and integrations like WalletConnect help bring that scale directly into the wallets and applications people use for everyday payments,” Sun said. 

Stablecoins have transitioned from specialized cryptocurrency tools to mainstream digital payment instruments. The assets now serve consumer transfers, merchant settlement, cross-border payments, and digital commerce applications. 

WalletConnect’s integration expands ecosystem access for developers building on TRON’s infrastructure.

The post WalletConnect Integrates TRON Network, Connecting 600 Wallets to $21 Billion Daily Stablecoin Flow appeared first on Blockonomi.

TLDR

Senate Banking Committee shifts focus to housing issues, delaying the crypto market structure bill.

President Trump’s executive order targets institutional investors buying single-family homes.

Coinbase withdraws support for the crypto bill due to concerns over stablecoin yield restrictions.

Senate Agriculture Committee releases its version of the market structure bill ahead of the Jan. 27 hearing.

The two committee versions must be merged for a Senate vote, requiring bipartisan support.

The U.S. crypto market structure bill will likely face several weeks of delay. Key members of the Senate Banking Committee are shifting their attention to housing-related legislation. This shift comes after President Trump’s recent executive order to limit institutional investors from buying single-family homes.

Crypto Bill Delayed Due to Housing Focus

Lawmakers in the Senate Banking Committee are prioritizing housing legislation over the crypto market structure bill. This move follows President Trump’s executive order aimed at restricting large institutional investors from purchasing single-family homes.

The executive order aims to protect individual homebuyers from competition by institutional investors, which has become a growing issue across the U.S. housing market. The rising concerns around housing affordability, partly driven by institutional purchases, have fueled political pressures.

The delay in the crypto bill’s timeline could push it into late February or even March. Due to this shift, the committee postponed its crucial markup hearing, which was originally scheduled to review the bill’s text. Despite the delay, the crypto bill is not being abandoned but rather placed on the backburner as lawmakers focus on immediate housing concerns.

Coinbase Withdraws Support for the Bill

Coinbase, a major player in the crypto industry, has withdrawn its support for the market structure bill. CEO Brian Armstrong cited concerns over the bill’s restrictions on stablecoin yield, which he believes favors traditional banks over crypto firms.

Stablecoin regulation has been a central point of contention, with many crypto companies arguing that the bill could stifle growth in the digital asset sector. Despite these concerns, the delay offers additional time for crypto stakeholders to address their issues with the proposed legislation.

This move by Coinbase, which has been a donor to the Trump administration, highlights the divisions within the crypto industry. Some companies are pushing for changes to the bill’s provisions, while others support the current draft. The delay could provide an opportunity to modify the legislation before it gains traction in the Senate.

Senate Agriculture Committee Releases Its Version

Meanwhile, the Senate Agriculture Committee has released its own version of the market structure bill. The committee plans to hold its markup hearing on January 27. However, committee members have acknowledged that they have yet to reach an agreement on key policy issues.

Chairman Sen. John Boozman emphasized the ongoing disagreements within the committee regarding fundamental aspects of the bill. The committee’s draft is expected to undergo further revisions before being merged with the Senate Banking Committee’s version.

Once the two versions are reconciled, the final bill will need to pass a 60-vote threshold in the Senate. This requires full Republican support along with backing from some Democrats.

The post Senate Banking Committee Delays Crypto Market Structure Bill Due to Housing Priorities appeared first on Blockonomi.

TLDR:

Yakovenko recommends releasing over 20% of tokens immediately on day one of token generation events.

All investor tokens should unlock simultaneously one year after TGE rather than through gradual vesting.

Teams and investors receive no tokens at launch; distribution favors airdrops to users or fair auctions.

Staking mechanisms reward long-term holders similar to decade-long venture capital investment horizons.

 

Anatoly Yakovenko, co-founder of Solana, has outlined a new approach to token launches that challenges conventional fundraising practices in the cryptocurrency industry. 

His proposal emphasizes immediate liquidity, delayed investor unlocks, and community-focused distribution methods. 

The framework aims to align incentives between project teams, early backers, and long-term token holders.

Immediate Token Release and Staking Mechanisms

Yakovenko’s model calls for releasing over 20 percent of tokens on the first day of a token generation event. In a recent post, he stated that the optimal formula includes “day 1 tge 20%+ release of tokens” as a core component. 

This approach contrasts sharply with typical launch strategies that gradually release tokens over extended periods.

The proposed framework includes staking mechanisms designed to reward long-term holders. Yakovenko emphasized that “staking rewards long term holders, much like funds with 10y+ timeframe get rewarded in early rounds.” 

If this works, I am pretty sure that the optimal formula to capital formation for early stage startups is:

1) staking for long term holders
2) day 1 tge 20%+ release of tokens
3) better to have zero investors but if you have some unlock them all 100% on the same day 1 year after… https://t.co/nQfP7af6hb

— toly (@toly) January 21, 2026

These staking features serve a similar purpose to traditional venture capital funds with decade-long investment horizons. 

Token holders who commit to extended lock-up periods would receive additional incentives for their patience and conviction in the project.

Projects should prioritize zero investor involvement under this model, though Yakovenko acknowledges some startups may require external capital. 

He recommends it is “better to have zero investors but if you have some unlock them all 100% on the same day 1 year after tge.” 

When investors participate, they should face a complete unlock exactly one year after the token generation event rather than receiving gradual releases.

Fair Distribution Through Airdrops and Auctions

Yakovenko explicitly states that teams and investors should not unlock tokens on the initial launch day. He wrote, “Don’t release team or investors on tge. It should be either an airdrop to power users or a fair auction raise.” 

This method ensures that tokens reach the hands of engaged community members rather than early-stage financial backers seeking quick profits.

The one-year cliff for investor unlocks may appear concerning to some market participants. However, Yakovenko argues that “markets are great at dealing with information that is well known ahead of time.” 

Traders and investors can prepare for known unlock dates, reducing the potential for unexpected selling pressure that often accompanies surprise token releases.

The forced waiting period creates a natural secondary market where investors seeking liquidity can connect with buyers willing to commit additional capital. 

Yakovenko explained that the “1 year wait will force the secondary market to match investors that want to cash out with those who want to double down, and the primary market will anchor the price.” 

He concluded his thoughts by noting that product-market fit ultimately determines success beyond tokenomics design.

The post Solana Co-Founder Toly Unveils Bold Token Launch Framework for Crypto Startups appeared first on Blockonomi.

TLDR:

Bitcoin trades at $90K midpoint of a multi-year rising channel, requiring a $91K weekly close for continuation.

The $91K level has served as a trend anchor previously, lost and reclaimed as recently as last month.

Price action within the rising channel maintains a bullish structure despite short-term volatility pressures.

A sustained break below channel boundaries would signal trend damage and a potential reversal of the uptrend.

 

Bitcoin trades near $90,000, positioned at the midpoint of its multi-year rising channel as market participants watch the critical $91,000 threshold. 

The leading cryptocurrency faces a pivotal moment where weekly closes above this level could determine trend continuation amid persistent volatility.

Weekly Close Above $91,000 Remains Critical for Trend Continuation

The $91,000 price point has emerged as a trend anchor for Bitcoin’s long-term trajectory. Market observers note this level has been lost and reclaimed multiple times, most recently during December.

Price action within the established rising channel suggests the higher-timeframe structure maintains bullish characteristics despite short-term fluctuations.

According to the analysis shared by Milk Road, the current positioning is less about identifying exact tops or bottoms. 

Bitcoin is sitting around $90k, right in the middle of its multi-year rising channel.

For the uptrend to stay intact, $BTC needs to close the week back above $91k. That level has acted as the trend anchor before, it’s been lost and reclaimed as recently as last month.

As long… pic.twitter.com/uNdgnXYWCS

— Milk Road (@MilkRoad) January 21, 2026

Instead, the focus centers on whether Bitcoin can preserve its long-term upward momentum. The rising channel has provided reliable support and resistance zones throughout the current market cycle.

A sustained break below the channel would indicate structural damage to the prevailing trend. Conversely, weekly closes above $91,000 would reinforce the path of least resistance toward higher prices. 

Technical analysts emphasize that maintaining a position within the channel boundaries remains essential for trend validation.

Whale Accumulation Persists Through Retail Capitulation Phase

Large Bitcoin holders have displayed consistent accumulation patterns since January despite market corrections.

This buying pressure has continued even as retail investors have reduced their positions and exited the market. The divergence between whale behavior and retail sentiment has become increasingly pronounced during recent months.

Whale holdings have expanded every month, without decline, even during periods of heightened geopolitical uncertainty. 

Source: CryptoQuant

This pattern suggests the current market phase represents structural accumulation rather than distribution. Data indicates large holders have maintained conviction even as external risk factors intensified.

The contrast between whale accumulation and retail exits points to a classic market dynamic where experienced participants buy during periods of uncertainty. 

While shorter-term volatility has triggered selling from smaller holders, institutional and high-net-worth investors have continued building positions. 

This accumulation trend has remained intact regardless of temporary price weakness or macroeconomic headwinds.

Market structure reveals whale conviction has withstood recent turbulence without wavering. The ongoing accumulation by large holders provides support even as trading ranges compress and volatility persists. 

This behavior typically precedes longer-term trend development as supply consolidates into stronger hands before subsequent price expansion phases unfold.

The post Bitcoin Must Reclaim $91K Weekly Close to Preserve Multi-Year Uptrend, Analyst Suggests appeared first on Blockonomi.

TLDR

F/m Investments is seeking SEC approval to tokenize shares of its U.S. Treasury 3 Month Bill ETF.

The company plans to record ownership of the ETF on a permissioned blockchain ledger.

F/m Investments believes it is the first firm to request SEC approval for tokenized shares of a registered investment company.

Tokenized shares will retain the same rights, fees, voting rights, and economic terms as existing shares.

The tokenization will occur under the same CUSIP code as the traditional ETF shares.

F/m Investments is seeking approval from the U.S. Securities and Exchange Commission (SEC) to tokenize shares of one of its exchange-traded funds (ETFs). The $18-billion ETF issuer plans to record ownership for its U.S. Treasury 3 Month Bill ETF (Nasdaq: TBIL) on a permissioned blockchain ledger. This move marks a potential first for the industry, as the firm aims to become the first to tokenize shares of a registered investment company.

F/m Investments’ Proposal for Tokenization

F/m Investments is requesting SEC relief to tokenize its TBIL ETF shares, which would be represented on a blockchain. The company believes that this is the first time a firm has sought such approval for tokenized shares of a registered investment company. CEO Alexander Morris commented that the tokenization of traditional financial instruments is inevitable and that the SEC’s decision could set a precedent.

The company’s proposal promises that the tokenized shares will retain the same rights, fees, voting rights, and economic terms as the existing shares of TBIL. This will occur under the same CUSIP (Committee on Uniform Securities Identification Procedures) code. Unlike unregistered digital tokens or stablecoins, F/m Investments assures that their tokenized shares will remain fully backed by traditional assets, remaining within the Investment Company Act of 1940.

Regulatory Landscape and Industry Interest

F/m Investments’ filing is one of the first significant attempts to integrate blockchain technology into traditional securities. The firm has promised transparency, daily updates, third-party custody, and audits to ensure the security of tokenized assets. While the regulatory framework for tokenized securities remains unclear, lawmakers and financial regulators have shown an interest in exploring this area.

The New York Stock Exchange recently announced its plans to develop a platform for trading tokenized U.S. equities and ETFs, pending regulatory approval. This development further reflects the growing interest in blockchain technology as a tool for revolutionizing traditional financial systems.

The post F/m Investments Seeks SEC Approval to Tokenize Shares of ETF appeared first on Blockonomi.

TLDR

Bitcoin surged back to $90,000 after President Trump announced he would not impose tariffs on European countries over Greenland.

The digital asset had dropped to $87,300 earlier in the day due to concerns over escalating trade tensions with Europe.

Stocks rallied across major indexes, including the S&P 500, Nasdaq 100, and Russell 2000, as trade fears eased.

Energy stocks led the market recovery, outperforming other sectors following Trump’s positive meeting with NATO Secretary General.

Gold and silver initially fell after the announcement but quickly rebounded as investor confidence in riskier assets improved.

Bitcoin reclaimed $90,000 on Wednesday afternoon after President Donald Trump stepped back from imposing tariffs on European nations. The digital asset had fallen to $87,300 earlier in the day following Trump’s remarks at the World Economic Forum in Davos. Concerns about escalating trade disputes were eased after Trump emphasized that military force would not be used in negotiations over Greenland.

Bitcoin Sees Recovery Following Trump’s Announcement

Bitcoin’s price surged after Trump’s announcement that he would not impose tariffs on European countries over Greenland. The cryptocurrency had dropped as low as $87,300 earlier in the day. The tariff threats had initially sparked market fears, sending Bitcoin prices down. However, after Trump revealed plans to negotiate peacefully, Bitcoin regained ground, climbing back above $90,000.

Trump’s decision to halt the tariff threats immediately calmed investor nerves. The leading digital asset’s recovery reflects the impact of reduced geopolitical tensions. Traders reacted positively to the news, with Bitcoin rebounding sharply within hours of Trump’s speech.

The President’s shift in stance on tariffs helped to restore confidence in the global markets. Bitcoin’s rise above $90,000 is seen as a sign of stabilizing sentiment following earlier market volatility. Analysts noted that the cryptocurrency’s response shows its sensitivity to global economic events and political developments.

Stocks Rally as Trade Tensions Eased

Stocks also experienced a rally after President Trump announced a potential deal with NATO Secretary General Mark Rutte. Major U.S. indexes, including the S&P 500, Nasdaq 100, and Russell 2000, saw gains. The small-cap stocks led the way, fully recovering from losses incurred earlier in the week.

Trump’s positive meeting with Rutte and his announcement of a framework for a deal boosted market sentiment. Investors had feared that escalating trade tensions would trigger another round of tariffs. However, Trump’s reassurances helped stocks bounce back, with every sector participating in the rally.

Energy stocks, in particular, outperformed as risk appetite improved across the board. The broad market recovery reflects how a shift in trade policy can influence investor behavior. As tensions between the U.S. and Europe eased, global markets found relief and resumed an upward trajectory.

Precious Metals Show Mixed Reaction

Following Trump’s announcement, gold and silver initially dropped as risk appetite surged. However, both precious metals quickly rebounded after the initial dip. This reaction highlights the volatility of gold and silver, which tend to attract safe-haven investors during times of uncertainty.

Despite the initial decline, the overall market sentiment remained positive. Investors turned their attention back to riskier assets, including stocks and cryptocurrencies like Bitcoin. This shift in focus marked a key turning point after several days of heightened concerns over trade disputes.

The post Bitcoin and Stocks Rebound as Trump Halts Greenland Tariffs Threats appeared first on Blockonomi.

TLDR

Fabio Panetta, Governor of the Bank of Italy, urges commercial banks to adopt tokenized money to stay competitive in the digital age.

Panetta emphasizes that traditional bank money will remain essential but must be converted into digital tokens for future relevance.

He highlights the growing influence of stablecoins, driven by strong support from the U.S. government to boost global dollar demand.

The Bank of Italy Governor stresses that stablecoins will not replace traditional money but will coexist within a digital financial system.

Panetta points out Europe’s dependence on U.S. companies for payments and the need for Europe to create a digital euro for financial sovereignty.

Fabio Panetta, Governor of the Bank of Italy, has urged commercial banks to adopt tokenized money or risk falling behind as stablecoins grow in influence. Panetta’s comments come amid the global rise of digital currencies and efforts by the U.S. government to back dollar-denominated stablecoins. With European officials concerned about the region’s monetary sovereignty, Panetta highlighted the need for both central bank and commercial bank money to become fully digital to remain competitive.

Tokenization and the Future of Bank Money

During a recent address in Milan, Panetta emphasized that traditional bank money would continue to play a critical role. However, he warned that commercial banks must convert their money into digital tokens to stay relevant in an increasingly digital financial ecosystem.

“I expect commercial bank money will also become mostly tokenised,” Panetta stated, referring to the shift toward using distributed ledger technologies like blockchain.

He explained that digital tokens would become integral to the functioning of the financial system. The tokenization process involves converting financial assets into digital forms, making transactions more efficient and transparent. Panetta’s call for tokenization aligns with broader trends in the financial sector, where banks are exploring the potential of blockchain to improve payment systems.

Stablecoins Gaining Momentum with U.S. Support

Panetta noted that stablecoins would continue to gain momentum, particularly driven by strong support from U.S. policymakers. Stablecoins are digital assets pegged to traditional currencies like the dollar, offering a stable alternative to volatile cryptocurrencies. Panetta pointed out that stablecoins would likely thrive as part of Washington’s strategy to bolster global demand for the U.S. dollar.

Despite the rise of stablecoins, Panetta remains cautious about their role. He acknowledged that the future of stablecoins is still uncertain, but emphasized that they would not replace traditional money.

“It’s not clear what role they’ll have … but I expect the system will remain centred around central bank and commercial bank money, both of which will need to become digital,” he explained.

Europe’s Challenges and the Digital Euro

The Governor also addressed Europe’s struggles with the dominance of dollar-backed stablecoins in the global market. While the U.S. stablecoin market is valued at around $300 billion, euro-backed alternatives are valued at only $680 million. Panetta raised concerns about the risks this dominance poses to Europe’s financial stability and sovereignty.

To counter this, the European Central Bank (ECB) has been exploring the launch of a digital euro. The ECB aims to have the digital euro operational by 2029, which would help maintain the relevance of European central bank money in the digital age. Panetta’s comments underline the urgency for Europe to develop its own digital currency to ensure it is not left behind in the global digital asset race.

Panetta also pointed out Europe’s reliance on U.S. companies for payment processing. He noted that more than two-thirds of Europe’s payments are handled by American firms like Visa and Mastercard. This dependency highlights the need for Europe to secure its own digital payment infrastructure, including the digital euro.

The debate over the digital euro continues, with strong opposition from commercial banks in some European countries. These banks worry that the introduction of a central bank-backed digital currency could undermine their role in the financial system. However, Panetta remains firm, urging banks to think beyond short-term concerns and focus on long-term digital adaptation.

The post Panetta Calls for Tokenization of Bank Money to Compete with Stablecoins appeared first on Blockonomi.

TLDR

Grayscale has filed an S-1 registration statement with the SEC to convert its NEAR Trust into a spot ETF.

The proposed ETF will be listed on NYSE Arca under the ticker GSNR, pending SEC approval.

Grayscale aims to offer a passive product that directly holds NEAR tokens in the ETF.

Shares of the ETF will be created and redeemed in blocks of 10,000 using an in-kind and cash mechanism.

The trust currently holds about $900,000 in assets, with shares trading at $2.85 and an NAV of $2.19.

Grayscale has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to convert its existing Grayscale Near Trust into a spot NEAR exchange-traded fund (ETF) listed on the NYSE Arca. This move aims to expand the crypto ETF market to include more altcoins, following the growth of Ethereum (ETH) and Bitcoin (BTC) ETFs. The filing outlines the intention to uplist the Grayscale Near Trust under the ticker GSNR, pending SEC approval.

Grayscale Near Trust to Convert Into ETF

The Grayscale Near Trust, which currently trades over the counter, will be renamed the Grayscale Near Trust ETF. The product will operate as a passive investment vehicle, holding NEAR tokens directly. The transition is part of Grayscale’s ongoing effort to offer a broader range of crypto investment products.

A cryptocurrency ETF by Grayscale filed, a conversion from an existing private fund they manage.

Grayscale Near Trust (NEAR)
Ticker of current fund: $GSNR

Fees: tba
Effective date: tba

NEAR coin:https://t.co/jjBPOR5n4Z

Grayscale NEAR fund:https://t.co/ttKoBjDj25

GSNR… pic.twitter.com/IqJbjlJyEf

— ETF Hearsay by Henry Jim (@ETFhearsay) January 20, 2026

Shares of the ETF would be created and redeemed in blocks of 10,000 through authorized participants. This process will use an in-kind and cash mechanism to ensure that prices remain close to the net asset value (NAV). The trust currently has a 2.50% expense ratio, with ETF fees still to be announced.

Launched in May 2024 as a private vehicle, the Grayscale Near Trust opened to public trading in September 2025. As of January 21, the product was managing about $900,000 in assets, with shares trading at $2.85. The reported NAV was approximately $2.19.

Despite this, the trust has often traded at premiums or discounts, which the ETF format aims to address. The proposal also includes an option for staking, though Grayscale has clarified that it will not activate staking unless certain regulatory and tax conditions are met.

Market Response and Future Outlook for NEAR

The ETF filing did not trigger an immediate response in the market, suggesting that traders are cautious about the timing and approval chances. When the filing was made, NEAR was trading around $1.53, down 69% over the previous year. In the past week alone, the token saw a 17% decline.

This price context is essential for the proposed ETF, as its value will depend on the volatile spot price of NEAR tokens. Grayscale’s move reflects a broader trend among asset managers to expand the crypto ETF market beyond Bitcoin and Ethereum.

Grayscale’s filing follows similar moves from other asset managers, including Bitwise, which filed for 11 single-asset crypto ETFs in December 2025. These ETFs will target tokens such as Aave (AAVE), Uniswap (UNI), and Sui (SUI), with NEAR also listed as one of the targeted assets.

The success of Ethereum and Solana ETFs in early January 2026 has likely fueled the drive for additional altcoin-focused ETFs. This increased competition highlights the race among issuers to gain a first-mover advantage in the growing crypto ETF market.

The post Grayscale Seeks SEC Approval to Convert NEAR Trust Into Spot ETF appeared first on Blockonomi.

TLDR:

ASTER has corrected 78% from the September 2025 peak, creating improved risk-reward entry opportunities.

CZ reportedly accumulated 2.09 million ASTER tokens below $0.91, adding institutional validation signals.

Two accumulation zones were identified: $0.70-$0.60 and $0.45-$0.35 for strategic position building entries.

Technical targets range from $1.50 to $20, suggesting 2400% potential from current compression levels.

 

ASTER token trades in a higher timeframe accumulation base after an extended downtrend, with crypto analyst CryptoPatel projecting targets between $1.50 and $20. 

The token has corrected approximately 78% from its September 2025 all-time high, positioning current levels as potential accumulation zones. 

Reports indicate Binance founder CZ acquired exposure below $0.90, adding credibility to bullish narratives.

Technical Structure Points to Potential Breakout

ASTER currently exhibits price compression near demand levels, signaling trend exhaustion according to CryptoPatel’s technical assessment. 

The token trades within two identified accumulation zones. Zone 1 spans $0.70 to $0.60, where initial bounces are anticipated. 

Zone 2 ranges from $0.45 to $0.35, representing stronger long-term accumulation territory under macro pressure scenarios.

The technical setup shows a descending trendline building pressure on price action. Volatility compression suggests expansion could follow, creating conditions for significant moves. 

The 78% decline from September peaks has improved risk-reward ratios for position building. Higher timeframe accumulation patterns typically precede major trend reversals in cryptocurrency markets.

CryptoPatel outlined multiple price targets through progressive resistance levels. Initial targets sit at $1.50 and $2, followed by medium-term objectives at $5 and $10. 

$ASTER PRICE PREDICTION | CZ BOUGHT BELOW $0.90 | IS 2400% POTENTIAL FROM MACRO SUPPORT?#ASTER Is Trading In A HTF Accumulation Base After A Prolonged Downtrend.
Price Compression Near Demand Hints At Trend Exhaustion And Breakout Potential.

Accumulation Zones:
Zone 1:… https://t.co/yvyEyQf8Ts pic.twitter.com/ISaotkNKyS

— Crypto Patel (@CryptoPatel) January 21, 2026

Extended projections reach $20, with personal long-term views extending toward $20-$30 ranges. These targets imply substantial percentage gains from current trading levels.

Market Sentiment Strengthens with CZ Exposure Reports

Public disclosures circulating on November 2, 2025, revealed CZ’s reported exposure to ASTER below $0.91. The former Binance CEO allegedly holds approximately 2.09 million ASTER tokens. 

Such high-profile accumulation adds institutional validation to retail positioning strategies. However, these reports remain unverified through official channels.

The accumulation phase narrative gains traction as whales enter positions during prolonged downtrends. Early-stage accumulation typically precedes distribution phases where significant price appreciation occurs. 

Market participants monitor these zones for confirmation of trend changes. The current setup resembles historical patterns where patient accumulation yielded outsized returns.

CryptoPatel emphasized the long-term holding perspective required for $5-$10 targets. Shorter timeframes carry elevated volatility risks during base-building phases. 

The analyst noted invalidation risks exist despite the bullish structure. Traders should implement appropriate risk management protocols given the cryptocurrency market uncertainties.

The analysis remains a technical discussion without constituting financial advice. Market participants must conduct independent research before positioning. 

ASTER’s performance depends on broader market conditions and project fundamentals. Accumulation zones offer strategic entry points for risk-tolerant investors with extended time horizons.

 

The post CZ Buys ASTER Below $0.90: Analyst Projects 2400% Upside From Accumulation Zones appeared first on Blockonomi.

TLDR:

DXC’s Hogan platform powers 300 million accounts and $5 trillion in deposits across global banks

Integration allows banks to offer digital asset services without replacing core banking systems

Partnership includes Ripple Custody, Ripple Payments, and RLUSD stablecoin infrastructure

Solution bridges legacy banking infrastructure with blockchain technology at enterprise scale

 

DXC Technology has entered a strategic partnership with Ripple to integrate digital asset custody and payment capabilities into banking infrastructure. 

The collaboration connects Ripple’s blockchain technology with DXC’s Hogan core banking platform, which manages $5 trillion in deposits across 300 million accounts worldwide. 

Financial institutions can now access enterprise-grade digital asset solutions without overhauling their existing systems. 

The partnership addresses growing demand for regulated digital asset services among traditional banks.

Integration Bridges Legacy Banking with Blockchain Infrastructure

The partnership enables banks to adopt digital asset technology through DXC’s established Hogan platform. 

Ripple’s custody and payment solutions will operate alongside traditional banking functions within the same infrastructure. 

Financial institutions can offer programmable payments and tokenization services to their customers. 

The integration maintains compliance requirements while introducing blockchain-based capabilities.

Banks using the Hogan platform gain direct access to Ripple’s institutional-grade technology. The solution supports digital asset custody, stablecoin management, and real-world asset tokenization. 

Institutions can deploy these services without disrupting their mission-critical banking operations. The approach eliminates technical barriers that previously prevented banks from entering digital asset markets.

Sandeep Bhanote, Global Head and General Manager of Financial Services at DXC, outlined the partnership’s value proposition. “For digital assets to move into the financial mainstream, institutions need secure custody and seamless payment capabilities,” he stated. 

The collaboration brings these capabilities together in a practical framework for banks. “Our work with Ripple brings those capabilities together in a way that allows banks to engage in the digital asset ecosystem without changing their core systems, connecting traditional accounts, wallets and decentralized platforms at enterprise scale,” Bhanote explained.

The collaboration also benefits fintech companies seeking banking partnerships for compliant digital asset services.

Fintechs can leverage the integrated platform to access regulated banking relationships. This streamlines their path to offering custody and payment solutions within regulatory frameworks. 

The partnership creates a bridge between innovative fintech services and established banking infrastructure.

Enterprise-Scale Deployment Addresses Market Demand

Ripple Payments provides licensed cross-border payment functionality that manages fund flows for institutional clients. 

The service integrates with DXC’s platform to enable digital asset transfers alongside traditional transactions. 

Banks can process both conventional and blockchain-based payments through unified systems. This dual capability positions institutions to serve evolving customer demands.

Ripple Custody offers secure management of digital assets, stablecoins, and tokenized real-world assets. 

The custody solution meets institutional security standards required by regulated financial entities. 

Banks can hold and manage digital assets on behalf of clients with appropriate safeguards. The technology supports compliance with existing financial regulations governing asset custody.

Joanie Xie, VP and Managing Director for North America at Ripple, addressed the challenges facing traditional banks. “Banks are under increasing pressure to modernize while continuing to operate on complex infrastructure,” Xie noted. 

The partnership resolves this tension by embedding digital asset capabilities into existing systems. “Our partnership with DXC brings digital asset custody, RLUSD and payments directly into the core banking environments institutions already trust,” she added. 

Xie further emphasized the practical benefits: “Together, we’re enabling banks to deliver secure, compliant digital asset use cases at enterprise scale without disruption.”

The collaboration represents a shift from experimental blockchain projects to production-ready implementations. 

Financial institutions worldwide can now deploy digital asset services through proven banking platforms. DXC and Ripple provide the technical foundation for banks to participate in digital asset markets. 

The partnership establishes a scalable model for institutional adoption of blockchain technology.

 

The post DXC Partners with Ripple to Empower Global Banks with Scalable Digital Asset Custody and Payments appeared first on Blockonomi.

TLDR:

Circle Foundation’s first international grant supports UN’s Digital Hub of Treasury Solutions platform

UNHCR blockchain pilots demonstrate up to 20% cost savings compared to traditional banking methods

Digital Hub expands from UNHCR to 15 UN agencies including UNDP, IOM, WMO, OECD, and ICAO partnerships

Regulated stablecoins enable near-instant cross-border transfers with full traceability and accountability

 

Circle Foundation has committed its first international grant to support the United Nations’ Digital Hub of Treasury Solutions in modernizing humanitarian aid delivery infrastructure. 

The announcement came during the World Economic Forum’s Annual Meeting in Davos on January 21, 2026. 

The partnership aims to transform how $38 billion in annual humanitarian funds moves through the global system using blockchain-based financial infrastructure and regulated stablecoins.

UNHCR-Led Platform Expands to 15 UN Agencies

The Digital Hub of Treasury Solutions represents a collaborative effort founded by UNHCR in 2021. The platform now includes 15 agencies working to create an integrated Financial Gateway. 

These agencies include the United Nations Development Programme, the International Organization for Migration, and the World Meteorological Organization. 

The Organisation for Economic Co-operation and Development and the International Civil Aviation Organization have also joined the initiative.

Circle Foundation’s grant builds on previous work between Circle and UNHCR from 2022. That collaboration pioneered USDC-based aid payouts for displaced Ukrainians during the crisis. 

Circle Foundation is supporting the United Nations in their efforts to modernize global aid delivery.

The humanitarian system moves more than $38B every year, yet much of that aid still relies on slow, costly legacy financial rails.

Through its first international grant, Circle… pic.twitter.com/JwWXdmh55F

— Circle (@circle) January 21, 2026

The earlier project established new standards for digital financial infrastructure in humanitarian cash assistance programs. 

Elisabeth Carpenter, Chief Strategic Engagement Officer at Circle and Founding Chair of Circle Foundation, emphasized the transformative potential of the initiative.

“Modern humanitarian finance needs modern infrastructure,” Carpenter stated. She explained that helping DHoTS integrate digital financial infrastructure, including regulated stablecoins, can make aid faster and more transparent. 

The systems-level upgrade could unlock recurring savings year after year while strengthening trust in global aid. 

UNHCR pilots since 2022 have demonstrated measurable results from this approach, showing initial cost savings of up to 20 percent.

Barham Salih, United Nations High Commissioner for Refugees, highlighted UNHCR’s pioneering role in blockchain-based assistance. 

He noted the agency has been delivering aid faster, more securely, and at lower cost. “This is about using technology to uphold dignity and choice for people forced to flee,” Salih explained. 

The approach also maximizes impact for every dollar entrusted to humanitarian organizations through improved efficiency and accountability.

Transforming Legacy Systems with Digital Infrastructure

The global humanitarian aid system currently relies on legacy financial rails that create delays and inefficiencies. Traditional correspondent banking processes can be time-intensive and costly for international transfers. 

Alexander De Croo, Administrator of the UN Development Programme, addressed the urgency of modernization efforts. 

He emphasized that tight budgets require making every dollar work harder for people today and countries’ development tomorrow.

De Croo outlined how the partnership between UNDP, UNHCR, and Circle will improve digital payment security and efficiency. “By using regulated stablecoins for program payments and cross border transfers, we can reduce costs,” he stated. 

The approach also aims to improve transparency and build more inclusive financial systems. These systems protect people’s data, respect monetary sovereignty, and support long-term resilience in vulnerable communities.

Near-instant cross-border transfers through the Digital Hub of Treasury Solutions will reduce delays associated with traditional banking. 

The new infrastructure enables conversion into local currencies through partnerships with banks, mobile-money operators, and fintech companies.

 Greater transparency and accountability emerge from streamlined and interoperable financial systems that provide full traceability. 

Programmable disbursements automate manual steps that previously created operational burdens for aid workers.

Circle Foundation’s support enables a system-wide impact by upgrading core shared infrastructure across UN operations. 

The integrated approach maximizes impact for every donor dollar contributed to humanitarian causes. More aid reaches the people who need it most by reducing friction in the delivery process. 

The partnership demonstrates how next-generation digital financial infrastructure can deliver human-centered aid faster and more efficiently than conventional methods.

The post Circle Foundation and UN Partner to Modernize $38B Humanitarian Aid System with Blockchain appeared first on Blockonomi.

TLDR

Ripple CEO predicts cryptocurrency market will hit all-time highs in 2026, fueled by institutional interest.

Garlinghouse believes major financial institutions’ growing interest in crypto isn’t yet reflected in market pricing.

The GENIUS Act, passed in 2025, provided regulatory clarity and contributed to the increasing institutional interest in crypto.

Bitcoin’s price reached $126,000 in October 2025 and Garlinghouse is optimistic it will reach new highs soon.

Regulatory developments, including the GENIUS Act, are crucial for driving future growth in the cryptocurrency market.

Ripple CEO Brad Garlinghouse predicts that the cryptocurrency market will achieve all-time highs in 2026. Garlinghouse believes that the market is poised for growth, driven by institutional interest and favorable regulatory changes.

Institutional Interest in Crypto Grows

Garlinghouse believes that the growing interest in cryptocurrencies from major financial institutions is not fully priced into the market. He pointed out that institutional interest in the sector is accelerating, but this has yet to be reflected in the market’s valuation. “We’re seeing major financial institutions showing interest in crypto, and I don’t think that’s priced into the market yet,” Garlinghouse said during an interview with CNBC at the World Economic Forum.

The interest from banks and traditional financial players could be a game-changer for the crypto market. These institutions, which have previously stayed on the sidelines, are now engaging with the crypto sector due to evolving regulatory frameworks. Garlinghouse noted that the recent legal victories and regulatory clarity, particularly with the GENIUS Act, have helped institutional players feel more comfortable with crypto investments.

Bitcoin Price on Track for New Highs

Bitcoin reached a previous all-time high of around $126,000 in October 2025. As of mid-January 2026, Bitcoin was trading at approximately $89,000, still below its previous peak. However, Garlinghouse remains optimistic that Bitcoin and other major cryptocurrencies will break new price records this year.

The market has grown despite regulatory challenges and legal battles, such as the SEC’s lawsuit against Ripple. Garlinghouse’s confidence stems from the growing adoption of blockchain technology and clearer regulatory policies. He believes that these developments will support sustained growth in the coming years.

The Impact of the GENIUS Act on Crypto Adoption

The GENIUS Act, passed in 2025, is credited with driving much of the recent activity in the crypto space. Garlinghouse pointed to the act’s role in providing regulatory clarity for stablecoins and other cryptocurrencies. He emphasized that the act has provided the industry with the stability needed to attract institutional capital and foster wider adoption.

With clearer guidelines for the crypto market, companies like Ripple are poised for further success. Garlinghouse views the regulatory progress as a crucial factor in the industry’s long-term growth trajectory, paving the way for increased institutional participation.

The post Ripple CEO Predicts Crypto Market Will Hit All-Time Highs in 2026: What’s Behind His Forecast? appeared first on Blockonomi.

TLDR:

Gateway delivers sub-500 millisecond USDC access across chains, eliminating traditional rebalancing delays entirely.

CCTP processes transfers in 8-20 seconds via Fast Transfer, suitable for periodic cross-chain rebalancing operations.

Gateway maintains unified balances accessible simultaneously on multiple networks without fragmenting working capital.

Both protocols employ non-custodial security with Gateway requiring dual signatures for instant access authorization.

 

Circle has introduced Gateway, a novel infrastructure enabling instant access to USDC balances across multiple blockchain networks. 

The protocol addresses long-standing challenges in cross-chain liquidity management for institutional and retail users. Unlike traditional bridge mechanisms, Gateway maintains unified balances while eliminating rebalancing requirements. 

This development marks a significant shift in how digital dollar infrastructure operates across different blockchain ecosystems.

Architectural Differences Between CCTP and Gateway

Circle’s Cross-Chain Transfer Protocol and Gateway serve distinct purposes within the USDC ecosystem. CCTP facilitates direct transfers between chains through burn-and-mint mechanics. 

The protocol requires on chain contracts paired with an off-chain attestation API for verification. Standard transfers depend on source chain finality, typically completing within variable timeframes. Fast Transfer capability reduces wait times to approximately eight to twenty seconds.

Gateway operates through a different mechanism altogether. The system maintains unified USDC balances accessible across supported networks simultaneously. 

Circle Gateway is now available on @solana!

Developers can enable chain-abstracted USDC that’s instantly available when and where it’s needed for DeFi, payments, treasury rebalancing, and more.

→ Non-custodial, chain-abstracted @USDC
→ Frictionless, instant crosschain UX
→… pic.twitter.com/4TywDwciv6

— Circle (@circle) January 21, 2026

Users deposit funds into Gateway Wallet contracts rather than executing individual transfers. Balance tracking infrastructure monitors positions across all connected chains in real time. The protocol delivers sub-500 millisecond access speeds once balances are established.

Both systems maintain non-custodial security models with important distinctions. CCTP users retain full wallet control throughout the transfer process. 

Gateway requires user signatures for any USDC movement from wallet contracts. Instant access combines user signatures with Gateway attestations for authorization. The protocol includes a seven-day trustless withdrawal option as a failsafe mechanism.

The infrastructure choices reflect different optimization priorities. CCTP excels at point-to-point transfers and periodic rebalancing operations. 

Gateway prioritizes constant availability and eliminates working capital fragmentation. Transfer speeds vary considerably between the two approaches. 

CCTP processes transactions based on blockchain confirmation times while Gateway provides near-instantaneous access.

Practical Applications and Use Case Differentiation

The protocols target different operational requirements within crypto commerce and finance. CCTP suits scenarios requiring occasional cross-chain movements between specific networks. 

Users benefit from secure transfers without maintaining multiple positions simultaneously. The protocol handles native USDC movements and serves as intermediate liquidity for complex transactions. Rebalancing treasury positions across chains represents a primary use case.

Gateway addresses challenges facing businesses managing multi-chain operations. Merchants accepting payments on various networks no longer need fragmented working capital. 

Liquidity becomes immediately available regardless of which chain receives incoming transfers. The unified balance model reduces operational complexity significantly. 

Businesses tap on-demand liquidity without pre-positioning funds across multiple networks.

Cost structures differ between the two systems as well. CCTP involves gas fees on source and destination chains plus minimal protocol charges. 

Gateway requires initial balance establishment but eliminates per-transaction rebalancing costs. The tradeoff depends on transaction frequency and operational patterns. High-volume operations benefit more from Gateway’s instant access model.

Security considerations remain paramount for both protocols. CCTP’s attestation process validates legitimate burn events before minting on destination chains. 

Gateway’s dual-signature requirement prevents unauthorized access while maintaining speed advantages. The seven-day delay withdrawal provides additional security for users concerned about attestation dependencies. 

Both approaches prioritize user control over custodial convenience throughout their design.

The post Circle Gateway vs CCTP: Understanding the New Era of Cross-Chain USDC Infrastructure appeared first on Blockonomi.

TLDR

David Sacks believes U.S. banks will embrace crypto and stablecoins once market structure legislation is passed.

Sacks predicts the merging of the traditional banking and crypto industries into one unified digital assets sector.

Banks have been hesitant to engage with crypto due to regulatory uncertainties, but new legislation may ease concerns.

Stablecoins will offer U.S. banks the opportunity to compete with fintech firms by offering yields to customers.

Sacks emphasizes the need for balanced regulation between banks and crypto firms to ensure fair competition.

White House AI and crypto advisor David Sacks predicted that U.S. banks will eventually adopt cryptocurrencies, especially stablecoins, once new legislation reshapes the market. Sacks believes that the divide between traditional banks and crypto firms will fade as Congress passes market structure rules currently under development.

Banks and Crypto to Merge into One Digital Asset Industry

David Sacks emphasized that the future of the U.S. financial system will be one unified digital assets industry. “We’re not going to have a separate banking industry and crypto industry. It’s going to be one digital assets industry,” Sacks stated during a CNBC interview.

He believes that, as the government develops regulations for the crypto sector, institutions will start participating in the crypto markets. Many U.S. banks have been hesitant to engage with cryptocurrencies, primarily due to regulatory uncertainties. Recent legislative developments, such as the 2025 passage of the GENIUS Act, have helped provide clarity, particularly regarding stablecoins. The bill, aimed at regulating stablecoins, has led to new rules for cryptocurrencies, which may ease banks’ concerns.

Stablecoins and Yield Will Attract U.S. Banks

Sacks pointed out that stablecoins could be a game-changer for banks, offering an opportunity to pay yield and compete with fintech firms. “I bet you over time the banks like the idea of paying yield because they’re going to be in the stablecoin business,” he said. As crypto firms provide yields for stablecoin holders, Sacks believes that banks will follow suit to remain competitive in the financial market.

However, banks remain concerned about uneven regulation in the crypto space. Currently, crypto firms face lighter regulations compared to traditional banks, which has led to some resistance. Sacks agreed, noting that “everyone offering the same product should be regulated in the same way.”

The new legislation currently being crafted aims to ensure that banks and crypto firms face balanced regulation. According to Sacks, the forthcoming laws will bring equilibrium to the sector. “A good compromise leaves everyone a little bit unhappy,” he added, implying that all stakeholders will need to make concessions for the greater good of the financial ecosystem.

The post U.S. Banks Will Embrace Crypto and Stablecoins with New Legislation, Says David Sacks appeared first on Blockonomi.

TLDR

The EU halts approval of its trade deal with the U.S. following tariff threats over Greenland.

The EU’s decision reflects growing concerns over U.S. tariff policies, particularly on Greenland.

The trade deal, capping tariffs at 15%, was initially seen as beneficial for both sides.

EU leaders emphasize the importance of honoring agreements, rejecting Trump’s territorial demands.

The EU’s suspension signals potential challenges in future U.S.-EU trade negotiations.

The European Union has paused the approval process for its trade agreement with the United States. This action follows escalating tariff threats from U.S. President Donald Trump, particularly related to Greenland. The EU’s decision came after Trump warned of imposing tariffs on several EU countries unless the U.S. gained control over Greenland.

EU Halts Approval of Trade Deal with the U.S.

The EU’s suspension of the trade deal centers on growing concerns over U.S. tariff policies. According to Bernd Lange, Chairman of the European Parliament’s international trade committee, the EU could not proceed with the agreement under the current circumstances.

Lange stated that the EU was “left with no alternative but to suspend work” on the deal, citing the U.S. tariff threats as a major reason for this decision. The trade deal, which was initially signed to cap U.S. tariffs on most EU products at 15%, is now on hold.

While the agreement had initially been seen as beneficial for both sides, it is clear that Trump’s demands regarding Greenland and the imposition of tariffs have overshadowed the deal’s intended benefits. With the trade deal suspended, the EU has called for the U.S. to reconsider its stance and return to a cooperative approach.

Tariff Threats Lead to Suspension of Trade Deal

The catalyst for the EU’s decision to halt the trade deal was President Trump’s remarks over the weekend. He threatened tariffs on seven European countries and the United Kingdom if they did not allow the U.S. to control Greenland.

European leaders, including Commission President Ursula von der Leyen, expressed frustration, emphasizing the importance of keeping agreements intact. In response to the tensions, von der Leyen reaffirmed the value of honor in agreements, saying, “In politics as in business, a deal is a deal.”

The EU’s move to suspend the deal signals further challenges in international trade relations. It remains to be seen whether the U.S. and EU can resolve these disputes and reach a new consensus.

The post European Union Suspends U.S. Trade Deal Following Tariff Threats appeared first on Blockonomi.

TLDR;

Bhutan’s Druk Holding and Investments will operate a Sei validator node starting Q1 2026 through DHI InnoTech.

The Kingdom accumulated 13,000 BTC worth $764 million from green hydroelectric mining operations since 2019.

The partnership explores asset tokenization, payments, and personal identification on blockchain infrastructure.

Sapien Capital supports the collaboration to advance science and innovation on the Sei blockchain network.

 

Bhutan’s sovereign wealth fund will deploy a validator node on the Sei blockchain in early 2026. The Kingdom of Bhutan, through Druk Holding and Investments, partners with Sei Development Foundation to expand its digital infrastructure. 

This move builds on Bhutan’s established presence in cryptocurrency operations. The collaboration aims to strengthen blockchain capabilities within the nation while exploring tokenization and payment innovations.

Strategic Blockchain Infrastructure Development

Druk Holding and Investments Ltd serves as the primary sovereign wealth fund for the Kingdom of Bhutan. The organization leads this blockchain initiative through its DHI InnoTech division. 

The validator deployment represents a calculated expansion of Bhutan’s technological infrastructure. This project aligns with the nation’s broader digital transformation strategy.

The validator node will operate on Sei, which positions itself as the fastest EVM Layer 1 blockchain. The infrastructure will help secure the network through transaction validation and governance participation. 

Sei Development Foundation announced the collaboration with DHI to deploy the validator within Bhutan’s borders. The operational launch is scheduled for the first quarter of 2026.

Sapien Capital provides support for the project as an investment vehicle focused on science and innovation. The partnership creates opportunities for exploring asset tokenization within the Kingdom. 

Eleanor Davies, Science and Innovation Lead at Sei Development Foundation, noted the Kingdom’s technology leadership. “The Kingdom of Bhutan is an early adopter of advanced technology to support national economic and social initiatives,” Davies said. 

She added that Sei Development Foundation feels proud to have been selected by DHI InnoTech for this deployment.

The validator deployment will expand Sei’s global network footprint across additional geographic regions. Davies explained that the collaboration represents a meaningful investment in national blockchain adoption. 

“Our collaboration is a significant investment in national blockchain adoption, further expands Sei’s global validator footprint,” she stated. The foundation anticipates future partnership areas including payments, tokenization, and personal identification systems.

Building on Established Cryptocurrency Operations

Bhutan has operated Bitcoin mining facilities since 2019, utilizing its abundant hydroelectric power resources. The mining operations have generated substantial reserves for the Kingdom. 

Reports indicate Bhutan accumulated approximately 13,000 BTC by late 2024. The Bitcoin holdings were valued at $764 million during that period.

The green mining operations leverage Bhutan’s renewable energy infrastructure to reduce environmental impact. The Kingdom’s approach to cryptocurrency mining demonstrates its commitment to sustainable technology adoption. 

This foundation in crypto operations provides context for the Sei validator deployment. The validator project represents a natural progression of Bhutan’s blockchain involvement.

Phuntsho Namgay, Head of the DHI Department of Innovation and Technology, characterized the partnership as a forward step. 

“This collaboration marks an exciting step toward strengthening Bhutan’s role in global blockchain innovation,” Namgay stated. 

He emphasized the project’s potential for unlocking pathways in data valuation, scientific advancement, and financial technology. 

DHI looks forward to building momentum through continued exploration with Sei Development Foundation.

The validator project creates opportunities for advancing data valuation capabilities within the Kingdom. The initiative also supports scientific and financial technology development. 

Namgay noted that future opportunities will align with Bhutan’s digital transformation goals. The collaboration positions Bhutan to participate actively in blockchain governance and network security operations.

The post Bhutan’s Sovereign Wealth Fund to Deploy Sei Network Validator Node in Q1 2026 appeared first on Blockonomi.

TLDR

Representative Brian Mast introduces the “AI Overwatch Act” to review AI chip exports to China.

The bill grants the House and Senate 30 days to block licenses for AI chip exports.

The act aims to prevent China’s military from gaining access to advanced AI chips.

White House AI czar David Sacks opposes the bill, claiming it undermines Trump’s authority.

The bill must pass the House, Senate, and be signed by the president to become law.

A key Republican lawmaker, Representative Brian Mast, has scheduled a committee vote for the “AI Overwatch Act.” This bill would grant Congress oversight of artificial intelligence chip exports, particularly to China. The vote comes after President Trump approved shipments of Nvidia’s H200 AI chips to China, sparking controversy.

The AI Overwatch Act and Its Provisions

According to a Reuters report, the “AI Overwatch Act” aims to give the House Foreign Affairs Committee and the Senate Banking Committee 30 days to review export licenses for advanced AI chips.

These licenses would apply to sales made to China and other potential adversaries. Representative Mast believes this bill will ensure AI chips do not fall into the hands of China’s military. “The AI chips must not be used by the Chinese military,” Mast said during a hearing titled “Winning the AI Arms Race against the Chinese Communist Party.”

This legislation is part of a broader effort to curb China’s access to advanced AI technology. The act would empower the committees to potentially block export licenses within 30 days of receipt.

Pushback from White House and Critics

White House AI czar David Sacks has opposed the bill. Sacks took to social media to claim the bill was being orchestrated by critics of President Trump. In a repost from “Wall Street Mav,” Sacks suggested the bill was part of a larger effort to undermine Trump’s authority.

He also singled out Dario Amodei, CEO of AI firm Anthropic, for allegedly hiring former Biden staffers to influence the matter. Amodei has publicly expressed concerns about China obtaining advanced chips. “Selling these chips would be a huge mistake,” Amodei said at the World Economic Forum.

Mast responded firmly to criticism, asserting that the president made the right decision in restricting China’s access to advanced chips. “You can advise him to sell H200 chips to China if you want, I advise the opposite,” he stated. The bill is now poised for a committee vote, but it must pass in both the House and Senate. Afterward, the bill will require the president’s signature to become law. If the bill passes, it will give Congress the power to prevent the export of AI chips to countries of concern.

The post House Foreign Affairs Committee Set for Vote on AI Export Control Bill appeared first on Blockonomi.

TLDR

Vietnam’s State Securities Commission now accepts cryptocurrency trading license applications.

Applicants must meet criteria including a minimum paid-in capital of VND 10,000 billion and a specialized workforce.

At least 65% of the capital must come from commercial banks, securities firms, and other designated organizations.

Leading firms like SSI Securities and VIX Securities have announced readiness to enter the crypto market upon receiving licenses.

Vietnam’s banks, including MB and Techcombank, are also preparing to launch cryptocurrency exchanges once licenses are granted.

Vietnam’s State Securities Commission (SSC) has officially started accepting applications for cryptocurrency trading market licenses. This move follows the issuance of new administrative procedures by the Ministry of Finance, aligned with the government’s Resolution No. 05/2025/NQ-CP.

Application Process and Requirements

The SSC’s recent announcement outlines the new administrative procedures for obtaining cryptocurrency trading licenses. These procedures include three major actions: granting licenses, adjusting licenses, and revoking licenses.

Organizations applying for a license must meet various criteria, such as having a minimum paid-in capital of VND 10,000 billion, a specified shareholder structure, and a skilled workforce in the fields of technology and finance. In addition, organizations must adhere to strict shareholder and capital requirements.

At least 65% of the capital must be contributed by organizations, with more than 35% from commercial banks, securities companies, fund management companies, insurance companies, or technology enterprises. Only one cryptocurrency service provider per organization or individual can be licensed by the Ministry of Finance. The licensing process will ensure the integrity of the services offered by the licensed entities and protect investors.

Key Players Ready for the Market

The Vietnamese crypto market is attracting interest from both securities firms and banks. Several leading entities have announced their readiness to provide cryptocurrency exchange services once they secure the necessary licenses.

SSI Securities, for example, established a digital technology joint stock company in 2022 and signed strategic agreements with industry leaders such as Tether and Amazon Web Services. VIX Securities has also created the VIX Cryptocurrency Exchange and signed agreements with FPT to develop technological infrastructure.

In the banking sector, MB has partnered with Dunamu to establish a cryptocurrency exchange, while Techcombank has launched its own Techcom Cryptocurrency Exchange (TCEX). Other institutions, like VPBank, are prepared to begin operations as soon as the regulatory permits are granted.

The post Vietnam Begins Accepting Applications for Cryptocurrency Trading Licenses appeared first on Blockonomi.

TLDR

ARK Invest purchased $10.8 million in Broadcom shares on January 20 following a 5.4% stock decline

Wood added $2.53 million in BYD stock, continuing her shift away from Tesla holdings

ARK bought $4.9 million worth of WeRide shares, expanding autonomous vehicle investments

The firm sold $22.12 million in Kratos Defense stock across three ETFs

Analysts rate all four stocks as “Strong Buy” with WeRide showing the highest upside

Cathie Wood’s ARK Invest executed multiple trades on January 20, according to fund disclosure documents. The transactions highlight ongoing interest in chip manufacturers and electric vehicle companies.

The ARK Innovation ETF acquired 32,408 Broadcom shares valued at $10.8 million. Broadcom’s stock price decreased 5.4% that day.

Chinese regulators issued guidance on January 15 directing companies to avoid foreign software for national security purposes. Broadcom’s VMware software appeared on a list targeting 12 U.S. and Israeli vendors.

The regulatory announcement pressured Broadcom’s stock price. Wood’s purchase came as shares traded lower.

BYD Investment Grows

Wood purchased 205,748 BYD shares through the ARK Autonomous Technology & Robotics ETF. The transaction totaled $2.53 million.

BYD shares dropped 2.2% on January 20. The Chinese automaker recently exceeded Tesla’s global vehicle sales figures.

ARK sold $38 million in Tesla stock the previous week. These moves indicate a reallocation within the electric vehicle sector.

Wood has been trimming Tesla positions while building stakes in competing EV manufacturers. BYD leads China’s electric vehicle market.

The company manufactures both battery electric vehicles and plug-in hybrids. BYD operates manufacturing facilities across multiple countries.

Robotaxi Sector Expansion

ARK acquired 577,099 WeRide shares for $4.9 million. WeRide provides autonomous ride-hailing services in China.

The company operates robotaxi fleets in Beijing and Guangzhou. WeRide’s stock fell 4.18% on January 20.

Wood maintains active investments in self-driving vehicle technology. Recent purchases include stakes in Pony AI and Kodiak Robotics.

The autonomous vehicle sector continues attracting investor capital. Multiple companies are testing robotaxi services in urban markets.

Kratos Defense Position Eliminated

ARK sold 171,871 Kratos Defense shares worth $22.12 million. The sale involved the ARKK, ARKQ, and ARKX funds.

Kratos Defense stock declined 1.56% on the trading day. The exit occurs during a period of global security concerns.

Defense contractors have gained attention due to international tensions. Wood’s sale diverges from broader defense sector interest.

The post Cathie Wood’s ARK Invest Buys Broadcom, BYD, and WeRide Stock on January 20 appeared first on Blockonomi.