PANews

Today's News Highlights:
1. Next week's macro outlook: Federal Reserve meeting approaching, silver enters the "three-digit" era. Will Trump add fuel to the fire again?
2. Binance Alpha launches memes and PENGUIN
3. Musk responds to Grok-generated videos related to PENGUIN, driving Meme coin PENGUIN's market cap to soar
4. Space public sale refund details: total amount of $12.3 million, only 11% to 21% refunded to the top 5% participants
5. NFT trading platform Nifty

Author: Dingdang, Odaily Planet Daily
On January 20, Trump Media & Technology Group (NASDAQ: DJT) announced that the record date for its previously announced digital token plan has been set for February 2, 2026. On the record date, the ultimate beneficial owners and registered shareholders holding at least one full DJT share will be eligible to receive the future issued digital tokens and related incentives. After the record date, Trump Media will collaborate with Crypto.com to handle the minting and distribution of the tokens, with specific implementation details still to be disclosed.
In terms of form, this appears more like an intersection experiment between crypto and traditional finance: although it is an airdrop, the holders are not crypto players but U.S. stock investors. However, as long as it involves “Trump family + issuing tokens,” market nerves are hard to avoid being triggered.
After all, Trump “takes

Article by: Artemis Analytics
Translation: Web3 Xiao Lv
We are often fooled by the exaggerated trading volumes of stablecoins in article headlines, immersed in the excitement that they surpass V/M trading volumes, and dreaming of "canceling plans, preparing to win the championship" to replace SWIFT. When we compare stablecoin trading volumes to Visa/Mastercard, it’s like comparing the capital volume of securities settlement to Visa/Mastercard—completely incomparable.
Although blockchain data shows that stablecoins have huge trading volumes, most of these are not real-world payments.
Currently, the majority of stablecoin trading volume comes from: 1) funds balancing by exchanges and custodians; 2) trading, arbitrage, liquidity cycles; 3) smart contract mechanisms; 4) financial adjustments.
Blockchain only shows the transfer of value, not the actual transfer of it.

Author: Ryan Watkins
Translation: Deep Tide TechFlow
Introduction: By 2026, the crypto economy is in its most critical transition in eight years. This article explores how the market has achieved a "soft landing" from the overexuberance of 2021 and is gradually establishing a valuation framework based on cash flow and real use cases.
The author explains the pain of the past four years through the "Red Queen Effect" and points out that with relaxed US regulations and the explosion of enterprise applications, crypto assets are shifting from cyclical speculation to long-term trend growth.
Faced with a global trust crisis and currency devaluation, this is not only a recovery for the industry but also the rise of a parallel financial system. For investors deeply involved in Web3, this is not just a cognitive reshaping but also an underestimated, cross-cycle entry opportunity.
Full text below:
Key Points
This asset class in 202

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

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

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

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

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

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

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

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

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