Stocks

On January 21, 2026, Ray Dalio argued that the fiat monetary system, domestic politics, and global geopolitics are breaking down. In posts shared over the past 24 hours, he said central banks are reassessing fiat currencies and U.S. dollar debt as stores of wealth, while the U.S.–foreign debt relationship is fraying and China has continued reducing its Treasury exposure.

Thailand’s securities regulator is preparing rules for crypto ETFs and for trading crypto futures on TFEX, with formal ETF guidelines targeted early this year. The plan classifies digital assets as another asset class with a suggested allocation of up to 5% in diversified portfolios, and also advances market-making and a tokenization sandbox.

On January 22, 2026, Polymarket traders assigned a 98% probability that the Federal Reserve will keep its benchmark rate unchanged at the January 27–28 meeting. A January 16–21 survey of 100 economists showed unanimous expectations for a 3.50%–3.75% target range, with 58% anticipating no change through the quarter.

On Wednesday at the WEF in Davos, President Donald Trump said he aims to sign crypto market structure legislation "very soon" and vowed the US would be the "crypto capital," lifting risk assets. Bitcoin rose over 2%, moving back toward $90k after a $87,000 low, while tariff timelines for Feb 1 and June 1 kept macro tensions elevated.

BitGo Holdings priced its upsized initial public offering at $18.00 per share, offering 11,821,595 Class A shares. The SEC declared its registration statement effective on January 21, 2026, and trading on the NYSE under ticker BTGO is expected to begin January 22 with the deal slated to close January 23, subject to customary conditions.

On January 20, 2026, a market note flagged Bitcoin near $92,000 as risk aversion rose. Early Thursday, Bitcoin edged toward $90,000 and Asian equities advanced after President Donald Trump said he had a "framework of a future deal" over Greenland and indicated he would hold off on a tariff threat.

US equities and major cryptocurrencies posted modest gains on Wednesday after Donald Trump announced he would not proceed with Greenland-linked tariffs scheduled for Feb. 1. The S&P 500 rose 1.16%, while Bitcoin, Ether and Solana all edged higher, although crypto-related stocks and mining firms showed a mixed performance.

On Wednesday, Nakamoto Inc. announced a rebrand from KindlyMD and adoption of the ticker NAKA, sending its shares down nearly 10%. At publication, the stock was over 7% lower at $0.39, according to CNBC market data. CEO David Bailey said the name clarifies a Bitcoin-only strategy, and the company reports holdings above $500 million in Bitcoin.

On Wednesday, the European Parliament froze approval of a transatlantic trade agreement reached last July, citing Donald Trump's Greenland push and proposed 10%–25% tariffs on EU goods. After the suspension, Trump said he would not impose tariffs scheduled for February 1 while Greenland talks continue. EU trade chair Bernd Lange flagged potential use of the Anti‑Coercion Instrument.

On January 21, Ondo Finance deployed more than 200 tokenized U.S. stocks and ETFs on the Solana blockchain, expanding its presence beyond Ethereum and BNB Chain. The move makes Ondo the largest real-world asset issuer on Solana by asset count and lets users trade tokenized equities onchain at brokerage-level prices. ONDO’s market performance remains volatile around this launch, with locked value, trading volume and token unlocks closely watched by traders.