Following a downturn across markets, Bitcoin fell 3% to $88,200, while Ethereum dropped 6% to $2,905. Solana and XRP also experienced declines. Over $1 billion in long positions were liquidated as Bitcoin dipped below $88,000. Delaware Life added Bitcoin exposure to a fixed indexed annuity, linking performance to BlackRock’s spot BTC ETF. Trump Media announced plans to airdrop crypto tokens to shareholders in February. Coinbase CEO Brian Armstrong traveled to Davos to advocate for a U.S. crypto market structure bill. Portugal’s gambling regulator blocked access to Polymarket. The CFTC warned of being underprepared for broader crypto oversight. Galaxy Digital announced plans for a $100M hedge fund targeting crypto and fintech.

Following a downturn across markets, Bitcoin fell 3% to $88,200, while Ethereum dropped 6% to $2,905. Solana and XRP also experienced declines. Over $1 billion in long positions were liquidated as Bitcoin dipped below $88,000. Delaware Life added Bitcoin exposure to a fixed indexed annuity, linking performance to BlackRock’s spot BTC ETF. Trump Media announced plans to airdrop crypto tokens to shareholders in February. Coinbase CEO Brian Armstrong traveled to Davos to advocate for a U.S. crypto market structure bill. Portugal’s gambling regulator blocked access to Polymarket. The CFTC warned of being underprepared for broader crypto oversight. Galaxy Digital announced plans for a $100M hedge fund targeting crypto and fintech.