Important news from last night and this morning (January 22-January 23)

UBS believes the renminbi could account for 10% of global reserves.

UBS Asset Management says China would benefit if investors diversify their portfolios amid growing concerns about U.S. policy. Massimiliano Castelli, the firm’s global head of sovereign markets strategy, said that if tensions involving the U.S. escalate—with increased pressure on U.S. Treasury markets and escalating attacks on the Federal Reserve eroding U.S. credibility—then the target for the renminbi’s share of global central bank foreign exchange reserves could rise to around 10% in the medium term.

CZ: AI will make you unemployed, encryption will make you not need to work.

Binance founder CZ posted this morning that AI will cause people to lose their jobs, while crypto will allow people to work without working, and said, "Buy now and hold, retire in a few years," while emphasizing that this was "not financial advice."

Spot silver climbed above $97, setting a new all-time high.

Spot silver broke through $97 per ounce, setting a new all-time high, up 0.87% on the day.

TikTok officially announced its US plan: joint operation by the two companies, with ByteDance retaining intellectual property rights to the algorithm.

According to a report by Yicai Global, TikTok announced the establishment of TikTok USDS Joint Venture LLC. This joint venture will be responsible for data protection, algorithm security, content moderation, and software security for TikTok in the United States. The announcement stated that HKD 500, Silver Lake, and MGX each hold 15% of the shares in the joint venture. Other investors include Vastmere Strategic Investment LLC (an affiliate of SIG International Group), Alpha Wave Partners, and several other companies. ByteDance retains a 19.9% ​​stake, remaining the largest single shareholder. The joint venture will be managed by a seven-member board of directors, including TikTok CEO Shou Zi Chew.

BitGo shares rose approximately 20% on its first day of trading on the NYSE, with its valuation reaching a peak of $2.6 billion during the session.

Crypto custody company BitGo (BTGO) priced its IPO at $18, and its stock price rose by about 20% on the first day, with an intraday valuation of about $2.6 billion. The company and its shareholders sold a total of 11.8 million shares, raising about $213 million, and disclosed that it would earn $35 million in profit and have about $104 billion in assets under custody for the first three quarters of 2025.

World Liberty Financial partners with encrypted satellite company Spacecoin and swaps tokens.

World Liberty Financial, affiliated with the Trump family, has entered into a strategic partnership with Spacecoin and will conduct a token swap, aiming to combine DeFi with satellite internet for payments and settlements in remote areas. Spacecoin, a crypto satellite startup, provides "permissionless" internet access via low-Earth orbit satellites, and WLFi will be offered in conjunction with this partnership using a USD1 stablecoin (market capitalization of approximately $3.2 billion) and lending services. Spacecoin claims to have launched three low-Earth orbit satellites, and WLFi will support online user transactions using compliant DeFi tools.

Bitmine pledged an additional 171,264 ETH, bringing the total pledged amount to approximately $5.73 billion.

According to OnchainLens, Bitmine has pledged an additional 171,264 ETH, worth approximately $503.24 million; its total pledged ETH has reached 1,943,200, worth approximately $5.73 billion.

Whale 0xfb7 purchased another 20,013 ETH from FalconX.

OnchainLens monitoring shows that the whale address 0xfb7 bought another 20,013 ETH from FalconX, worth approximately $59 million; its ETH holdings increased to 80,115, with an estimated value of approximately $236.55 million.

Trump: 25% tariffs to be imposed on all countries trading with Iran

According to CCTV, US President Trump, speaking aboard Air Force One, stated that his administration is closely monitoring Iran. He warned that a "massive fleet" of US troops is heading towards Iran. When asked by reporters about the "secondary tariffs" imposed on Iran, he said the US government would impose a 25% tariff on all countries trading with Iran, and that this measure would take effect soon. Trump's so-called "secondary tariffs" are not technical terms; they are essentially a form of monetary sanction imposed on countries that trade with nations the US "dislikes."

An address turned $4,100 into $1.13 million by trading DONT tokens, achieving a return of 276 times.

According to Lookonchain monitoring, before Nasdaq-listed DeFi Dev Corp. announced the launch of its Meme coin DONT, wallet z5m3Ja spent $4,100 to purchase 29.08 billion DONT. This wallet had been inactive for three months prior to the purchase and had only traded DONT, raising suspicions of insider trading. This insider wallet has now begun selling DONT for profit, having sold 10.6 billion DONT for $182,000, and currently holds 18.5 billion DONT (worth $955,000). Total profit: $1.13 million – a return of 276 times.

Analysis: Bitcoin is in a deep bear market relative to gold, and historical data suggests the downtrend may continue.

According to CoinDesk analysis, Bitcoin's price relative to gold is currently in a deep bear market, consistently underperforming gold, which may challenge its "digital gold" narrative. Currently, the Bitcoin/gold ratio is approximately 18.46, down about 55% from its peak in December 2024, and about 17% below its 200-week moving average (approximately 21.90). Over longer periods, gold has outperformed Bitcoin in both the past one and five years. Historical data shows that in previous major bear market cycles, the Bitcoin/gold ratio has fallen more than 30% below its 200-week moving average (in 2022) and remained below it for over a year. The current break below this level began in November 2025, and if history repeats itself, the ratio could remain below the moving average throughout 2026. However, the largest drawdowns in past cycles have also been deeper, reaching 77% and 84% in the 2022 and 2018 cycles, respectively.

A "rollover trader" added another $30 million to his short positions, bringing his total short positions to $300 million.

According to on-chain analyst Yu Jin, after his position was partially liquidated and $20 million in unrealized profit was given back in the early hours of this morning, "rolling trader 0xD83...Fd7" just added another $30 million worth of short positions, bringing his total short position to $300 million.

Fintech and asset tokenization company Superstate raises $82.5 million in Series B funding.

According to Cointelegraph, fintech and asset tokenization company Superstate announced the completion of an $82.5 million Series B funding round, led by Bain Capital Crypto and Distributed Global, with participation from Haun Ventures, Brevan Howard Digital, Galaxy Digital, Bullish, and ParaFi. The company plans to use this funding to build a complete on-chain issuance layer on the Ethereum and Solana blockchains for issuing and trading stocks registered with the U.S. Securities and Exchange Commission (SEC). Its goal is to leverage blockchain technology to make the company's fundraising and IPO processes more efficient. Superstate currently manages over $1.23 billion in assets and operates two tokenized funds. As an SEC-registered transfer agent, the company, through its "Opening Bell" platform, has been supporting publicly traded companies to directly issue and sell digital shares to investors on public blockchains by the end of 2025, enabling real-time management of issuance, settlement, and ownership records.

The US core PCE price index rose 2.8% year-on-year in November, in line with expectations.

According to Jinshi News, the US core PCE price index rose 2.8% year-on-year in November, in line with expectations. The US PCE price index rose 0.2% month-on-month in November, in line with expectations. US personal spending rose 0.5% month-on-month in November, below expectations of 0.50%.

Michael Saylor: Considering buying more Bitcoin

Strategy founder Michael Saylor posted on the X platform, "Considering buying more Bitcoin." Previous reports indicated that as of January 19, 2026, Strategy held 709,715 Bitcoins, with a total purchase cost of approximately $53.92 billion, averaging about $75,979 per Bitcoin.

Coinbase will launch spot trading for FIGHT and Sentient.

According to an official announcement, Coinbase has announced that it will launch spot trading for FIGHT (FIGHT) and Sentient (SENT). If liquidity conditions are met and trading is supported, the FIGHT-USD and SENT-USD trading pairs will open later today.

The 21Shares spot DOGE ETF, backed by the Dogecoin Foundation, is listed on Nasdaq.

According to Decrypt, the 21Shares spot DOGE ETF, backed by the Dogecoin Foundation, was listed on Nasdaq on January 22, trading under the ticker symbol TDOG. This product is the first spot Dogecoin ETF in the US to receive formal approval from the SEC, allowing retail and institutional investors to access Dogecoin through traditional brokerage accounts. The president of 21Shares stated that the ETF primarily targets young, affluent mainstream investors. This is the third spot DOGE ETF to enter the US market, following products launched by Bitwise and Grayscale.

Hyperliquid's top short position holder in BTC has increased its BTC and ETH positions by another $11.87 million.

According to on-chain analyst @ai_9684xtpa, the top short position holder on Hyperliquid has increased its BTC and ETH positions by another $11.87 million, and is now rolling over its positions with a margin utilization rate of 106.5%. As of now, this address holds $276 million in short positions, including BTC/ETH/HYPE/PEPE/XMR, with BTC accounting for 54% (liquidation price $92,315.4) and ETH accounting for 36% (liquidation price $3,107.88), resulting in a floating profit of $5.62 million.

Coinbase will launch spot trading for ImmuneFi (IMU).

According to an official announcement, Coinbase will launch spot trading for ImmuneFi (IMU). The IMU-USD trading pair will open later today, provided liquidity conditions are met and trading is supported. ImmuneFi (IMU) will be available on the coinbase.com website, the Coinbase app, and Coinbase Advanced. Institutional users can access ImmuneFi (IMU) directly through the Coinbase exchange.

Sentient has opened up SENT token airdrops for claiming.

According to official news, the open-source AI platform Sentient has announced that it has opened up the SENT token airdrop. All users who meet the requirements and complete the airdrop registration can receive the token allocation.

The final reading of the US third-quarter core PCE price index was 2.9% annualized quarterly, in line with expectations.

According to Jinshi News, the final reading of the US core PCE price index for the third quarter was 2.9% annualized quarterly, in line with expectations and unchanged from the previous reading of 2.90%. The final reading of the US real GDP growth rate for the third quarter was 4.4% annualized quarterly, in line with expectations and unchanged from the previous reading. Initial jobless claims in the US for the week ending January 17 were 200,000, compared to expectations of 210,000 and a revised figure of 199,000 for the previous week (originally 198,000).

Trump: If Europe sells off US bonds and other assets, it will face massive retaliation.

According to Jinshi News, US President Trump stated that if Europe sells off US bonds and other assets, it will face large-scale retaliation.

Bitcoin payments startup ZBD raises $40 million in Series C funding, led by Blockstream Capital.

According to Fortune magazine, Bitcoin payments startup ZBD announced the completion of a $40 million Series C funding round, led by Blockstream Capital (which invested $36 million). Other investors and the company's valuation were not disclosed. Headquartered in New Jersey, ZBD primarily provides payment software solutions for video games, supporting various transaction processing methods, including Bitcoin. The company does not involve NFTs or crypto-based gameplay; instead, it focuses on using blockchain as a payment channel to help game developers and players establish direct financial relationships, enabling user-to-user transfers and in-game reward distribution. The company currently has 70 employees and has partnered with 55 games by 2025. This funding round will be used to expand its payment product suite over the next year.

Ethereum spot ETFs saw a total net outflow of $298 million yesterday, with BlackRock's ETHA experiencing the largest net outflow at $250 million.

According to SoSoValue data, Ethereum spot ETFs saw a total net outflow of $298 million yesterday (January 21st, Eastern Time). The Ethereum spot ETF with the largest single-day net inflow was the Grayscale Ethereum Mini Trust ETF (ETH), with a net inflow of $10.0136 million. ETH's historical total net inflow has reached $1.624 billion. The Ethereum spot ETF with the largest single-day net outflow was the BlackRock ETF (ETHA), with a net outflow of $250 million. ETHA's historical total net inflow has reached $12.595 billion. As of press time, the total net asset value of Ethereum spot ETFs is $18.283 billion, with an ETF net asset value ratio (market capitalization as a percentage of Ethereum's total market capitalization) of 5%, and a historical cumulative net inflow of $12.386 billion.

Analysis: Strategy's credit risk has been mitigated because its preferred stock is valued more than its convertible bonds.

According to CoinDesk, Bitcoin treasury company Strategy has mitigated its credit risk as its perpetual preferred stock, valued at $8.36 billion, surpasses its $8.2 billion in convertible debt. This shift in capital structure towards perpetual capital reduces refinancing risk and balance sheet volatility. Convertible bonds carry refinancing risk at maturity and volatility linked to share price, while perpetual preferred stock does not require principal repayment, pays fixed dividends, and has priority between common stock and debt. The company's preferred stock portfolio comprises four instruments, with total annual dividends of approximately $876 million. Furthermore, Strategy holds $2.25 billion in reserves to improve dividend coverage and reduce short-term financing risk. The number of outstanding common shares has increased from 76 million in 2020 to over 310 million, potentially mitigating dilution pressure from future bond conversions.

Analysis: Bitcoin has fallen below the 0.75 percentile of the supply cost baseline and failed to recover, indicating increasing selling pressure.

According to Glassnode analysis, Bitcoin has fallen below the 0.75 supply cost-basis quantile and failed to regain that level. The current spot price is below the cost benchmark of 75% of supply, indicating increasing selling pressure. The risk has significantly increased, and unless the price recovers above this level, a downtrend will dominate.

Coinbase will launch Sentient (SENT) perpetual contract trading.

According to a Coinbase Markets announcement, the platform will launch the Sentient (SENT) perpetual contract (SENT-PERP) on or after January 22, 2026 at 22:00 (UTC+8), provided that liquidity conditions are met. The contract will be available to retail users in specific regions and to institutional traders through the Coinbase International Exchange.

BlackRock deposited 3,970 BTC and 82,813 ETH into Coinbase Prime.

According to Lookonchain, BlackRock has just deposited 3,970 BTC (worth $356.7 million) and 82,813 ETH (worth $247.1 million) into Coinbase Prime.

Binance Wallet launches three new AI-driven features: Topic Rush, Social Trends, and AI Assistant.

According to the official announcement, Binance Wallet (web version) has launched three new AI-driven features to help users better identify emerging trending topics and gain insights into market trends: Social Popularity: Ranks on-chain tokens based on social attention and popularity metrics. Topic Rush: Highlights emerging topics on social media and on-chain using AI-generated topic cards, along with their related tokens on the BNB Smart Chain (BSC) or Solana. AI Assistant: An AI-driven widget that instantly aggregates all key information about tokens, providing fast and comprehensive insights.

North Korean hackers used fake job interviews to attack more than 3,100 IP addresses associated with AI, encryption, and finance companies.

According to Cryptopolitan, a recent study by security firm Recorded Future reveals that the North Korean-affiliated hacking group PurpleBravo launched a cyber espionage campaign targeting over 3,100 IP addresses of companies in the artificial intelligence, cryptocurrency, and financial services sectors through fake job interviews. The group posed as recruiters or developers, using technical interviews as a pretext to trick targets into executing malicious code. The attackers claimed to be from crypto or technology companies, asking job seekers to review code, clone repositories, or complete programming tasks. Security researchers have identified 20 victim organizations from South Asia, North America, and other regions. The group used multiple aliases and a fake identity in Odessa, Ukraine, for camouflage. The attack used remote access trojans such as PylangGhost and GolangGhost, which automatically steal browser credentials and cookies. The hackers also used a malicious GitHub repository, Astrill VPN, and 17 service providers to host their malware servers. Furthermore, the investigation found related Telegram channels selling LinkedIn and Upwork accounts, and the attackers also interacted with the cryptocurrency exchange MEXC Exchange.

Hyperliquid Strategies has accumulated approximately $67.6 million worth of HYPE tokens since early December.

According to Mlm onchain monitoring, Hyperliquid Strategies (ticker symbol HSI), a US-listed company, has purchased a total of 3,071,560 HYPE tokens since the beginning of December, currently valued at approximately $67.6 million. It is estimated that about half of these (approximately 1.5 million HYPE tokens) were purchased directly from the Hyperliquid team wallet via over-the-counter (OTC) transactions. These figures are estimates based on on-chain data and have not been officially confirmed. All transaction executions were processed by Flowdesk.

Mirana Ventures' associated wallet deposited 13.65 million MNT into Bybit, worth $12.2 million.

According to Onchain Lens, a wallet associated with Mirana Ventures deposited 13.65 million MNT (worth $12.2 million) into Bybit after holding the wallet for three years.