Crypto Market Slides as US Treasury Yields Surge, Canton Coin Soars

I. Crypto Market Overview

Key Takeaways

Macro Environment

US 10-year Treasury yields surged above 4.25% amid heightened geopolitical and trade tensions, triggering risk-off sentiment and sharp declines in crypto. China’s central bank maintained benchmark lending rates for the eighth month, supporting yuan stability. The UK labor market remains soft, but stable pay growth reduces the likelihood of a near-term Bank of England rate cut.

Crypto Market

The crypto market saw broad declines over the past 12 hours, with Bitcoin down 2.07% to $90,891 and Ethereum falling 4.45% to $3,066, driven by risk-off flows from US-EU trade tensions. Altcoins also dropped, with MemeCore (M) down 6.79%, while MYX Finance (MYX) bucked the trend, rising 4.38% on ecosystem incentives. Canton Coin surged 27% on DTCC tokenization news, outperforming the sector.

Today's Outlook

Today features token unlocks for PLUME (1.47B tokens, 14.68% of supply) and several smaller projects, potentially increasing market volatility. Watch for continued macro-driven risk sentiment and reactions to major token unlocks.

Fear and Greed Index

2.00% Annual Percentile

45 Neutral

Total Crypto Market Cap

$3.06T

2.46%

Total Market Trading Volume

$104.20B

13.25%

Altcoin Season Index

8.33%

Quarterly Percentile

27 / 100

Total Futures Market Open Interest

3.66B

2.45%

Futures

692.68B

14.90%

Perpetuals

II. Industry Updates

Macro-economic Policies

India's central bank has proposed linking BRICS nations' digital currencies to streamline cross-border payments and reduce reliance on the US dollar, a move that could impact crypto market liquidity and stablecoin demand.

The US 10-year Treasury yield surged above 4.25% amid heightened geopolitical and trade tensions, increasing risk premiums and triggering risk-off sentiment in crypto markets, with Bitcoin and altcoins experiencing sharp declines.

China's central bank maintained its benchmark lending rates for the eighth consecutive month, signaling cautious monetary stability; this supports yuan stability and may limit volatility in crypto-forex trading pairs.

Danish pension fund AkademikerPension announced a full divestment from US Treasuries, reflecting growing global concerns over US fiscal stability and potentially increasing demand for alternative assets like Bitcoin and gold.

The UK labor market remains soft, but stable pay growth in November reduces the likelihood of a near-term Bank of England rate cut, supporting GBP stability and influencing crypto-forex trading strategies.

Cryptocurrency Regulatory Trends

The New York Stock Exchange has launched a 24/7 on-chain stock trading platform, integrating traditional equities with blockchain and signaling a shift toward regulated tokenized securities. This move is expected to boost market liquidity and institutional trust in digital assets.

Nasdaq has filed a proposal with the SEC to allow trading and settlement of tokenized equities on its exchange, requiring full fungibility with traditional shares. If approved, this could accelerate regulatory clarity and mainstream adoption of blockchain-based securities.

Hong Kong's proposed stricter licensing rules for crypto asset managers have raised industry concerns about operational risks and potential disruption. The sector is urging for a transition period to avoid forcing compliant firms to suspend activities, which could impact institutional participation.

South Korean customs officials uncovered a $102 million CRYPTO money laundering network, prompting authorities to announce stricter inspections and enforcement. This highlights increasing regulatory scrutiny and anti-money laundering measures in the region's CRYPTO sector.

Bloomberg has warned that fragmented and under-resourced U.S. crypto regulation could undermine market stability and investor protection. The editorial calls for unified SEC and CFTC oversight to address risks as digital asset adoption grows.

Canton Coin (CANTON): Surged 27% in the past 24 hours after DTCC announced plans to tokenize U.S. Treasury securities on the Canton Network, driving strong institutional interest and outperforming the broader market.

MemeCore (M): Rose 4.79% in 24h with $13.7M trading volume, fueled by its Layer 1 blockchain launch for meme coins and growing adoption of its Proof of Meme consensus and community rewards.

MYX Finance (MYX): Gained 4.47% in 24h, reaching $5.31, supported by increased trading activity and ecosystem incentives, with a circulating supply of 1.25M MYX and expanding DeFi integrations.

Smart Money Movements

Strategy Inc. acquired 22,305 BTC for $2.13 billion at an average price of $95,284, raising its total Bitcoin holdings to 709,715 BTC as of January 19, 2026.

MicroStrategy reported an unrealized gain of $10.81 billion on its 709,715 BTC holdings, now valued at approximately $64.74 billion, with an average acquisition cost of $75,979 per Bitcoin.

Forward Industries expanded its Solana treasury to nearly 7 million SOL, generating over 133,450 SOL in staking rewards and integrating Solana-native yield strategies to enhance its on-chain treasury value.

A whale address realized $7 million in profits from shorting ETH and BTC, then increased its BTC holdings to 1,640.74 BTC ($149 million) and ETH holdings to 31,093.37 ETH ($96.35 million), while opening a new 5x leveraged short on XMR.

Bitmine Immersion accumulated over 4.167 million ETH, representing 3.4% of Ethereum's circulating supply, tightening market liquidity and signaling strong institutional confidence in Ethereum's long-term value.

Events to Watch

Jan 20 (Tue)

Acurast (ACU) and HeyElsa (ELSA) token generation events; 25.71M tokens unlock, 6.36% of supply.

Jan 21 (Wed)

Summer fi (SUMR), ETHGAS (GWEI) token generation events; Plume unlocks 1.37B tokens at 12 AM UTC.

Jan 22 (Thu)

River unlocks $36M (4.32% supply); MBG unlocks $9.74M (12.13% supply); Sentient (SENT) Alpha and DEX trading launch.

Jan 22 (Thu)

Bank of Japan interest rate decision; US personal income and PCE inflation data release.

Table of Contents

I. Crypto Market Overview

Key Takeaways

Macro Environment

Crypto Market

Today's Outlook

II. Industry Updates

Macro-economic Policies

India's central bank has proposed linking BRICS nations' digital currencies to streamline cross-border payments and reduce reliance on the US dollar, a move that could impact crypto market liquidity and stablecoin demand.

The US 10-year Treasury yield surged above 4.25% amid heightened geopolitical and trade tensions, increasing risk premiums and triggering risk-off sentiment in crypto markets, with Bitcoin and altcoins experiencing sharp declines.

China's central bank maintained its benchmark lending rates for the eighth consecutive month, signaling cautious monetary stability; this supports yuan stability and may limit volatility in crypto-forex trading pairs.

Danish pension fund AkademikerPension announced a full divestment from US Treasuries, reflecting growing global concerns over US fiscal stability and potentially increasing demand for alternative assets like Bitcoin and gold.

The UK labor market remains soft, but stable pay growth in November reduces the likelihood of a near-term Bank of England rate cut, supporting GBP stability and influencing crypto-forex trading strategies.

Cryptocurrency Regulatory Trends

The New York Stock Exchange has launched a 24/7 on-chain stock trading platform, integrating traditional equities with blockchain and signaling a shift toward regulated tokenized securities. This move is expected to boost market liquidity and institutional trust in digital assets.

Nasdaq has filed a proposal with the SEC to allow trading and settlement of tokenized equities on its exchange, requiring full fungibility with traditional shares. If approved, this could accelerate regulatory clarity and mainstream adoption of blockchain-based securities.

South Korean customs officials uncovered a $102 million CRYPTO money laundering network, prompting authorities to announce stricter inspections and enforcement. This highlights increasing regulatory scrutiny and anti-money laundering measures in the region's CRYPTO sector.

Bloomberg has warned that fragmented and under-resourced U.S. crypto regulation could undermine market stability and investor protection. The editorial calls for unified SEC and CFTC oversight to address risks as digital asset adoption grows.

Trending Tokens

Canton Coin (CANTON): Surged 27% in the past 24 hours after DTCC announced plans to tokenize U.S. Treasury securities on the Canton Network, driving strong institutional interest and outperforming the broader market.

MemeCore (M): Rose 4.79% in 24h with $13.7M trading volume, fueled by its Layer 1 blockchain launch for meme coins and growing adoption of its Proof of Meme consensus and community rewards.

MYX Finance (MYX): Gained 4.47% in 24h, reaching $5.31, supported by increased trading activity and ecosystem incentives, with a circulating supply of 1.25M MYX and expanding DeFi integrations.

Smart Money Movements

Strategy Inc. acquired 22,305 BTC for $2.13 billion at an average price of $95,284, raising its total Bitcoin holdings to 709,715 BTC as of January 19, 2026.

MicroStrategy reported an unrealized gain of $10.81 billion on its 709,715 BTC holdings, now valued at approximately $64.74 billion, with an average acquisition cost of $75,979 per Bitcoin.

Forward Industries expanded its Solana treasury to nearly 7 million SOL, generating over 133,450 SOL in staking rewards and integrating Solana-native yield strategies to enhance its on-chain treasury value.

A whale address realized $7 million in profits from shorting ETH and BTC, then increased its BTC holdings to 1,640.74 BTC ($149 million) and ETH holdings to 31,093.37 ETH ($96.35 million), while opening a new 5x leveraged short on XMR.

Bitmine Immersion accumulated over 4.167 million ETH, representing 3.4% of Ethereum's circulating supply, tightening market liquidity and signaling strong institutional confidence in Ethereum's long-term value.

Events to Watch

Jan 20 (Tue)

Jan 21 (Wed)

Jan 22 (Thu)

Jan 22 (Thu)

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