In November, China and India, both members of the BRICS bloc, jointly sold $10.3 billion worth of US Treasuries. China reduced its holdings by $6.1 billion and has cut a total of $86 billion between November 2024 and November 2025, while India lowered its stake by $4.2 billion, bringing its overall holdings down from $234 billion to $186.5 billion over the same period. The moves came as Danish pension fund AkademikerPension prepared to sell about $100 million in US government debt, a step the US Treasury Secretary characterized as insignificant.

Canada signed a new trade deal with China, aiming to lift exports to the Chinese market by 50% by 2030. The update follows Prime Minister Mark Carney's visit to Beijing last week and the completion of the TMX pipeline in 2024. Experts say 2025 U.S. tariffs on copper, steel, aluminum and energy shaped the decision.

On January 22, 2026, BitGo priced its initial public offering at $18.00 per share for 11,821,595 shares of Class A common stock and prepared to list on the New York Stock Exchange under the ticker BTGO. The crypto custody and infrastructure firm is offering 11,026,365 shares itself, while existing shareholders are selling 795,230 shares. Its NYSE debut places a core institutional infrastructure provider for digital assets under the same regulatory and disclosure framework as traditional financial firms, reinforcing the growing integration of regulated crypto services into capital markets.

On January 22, 2026, crypto-focused Twitter accounts amplified unverified claims that major regions are selling US Treasuries at scale, citing Europe $150.2B, China $105.8B, and India $56.2B. The figures are not officially confirmed. Rising yields and tighter liquidity could pressure risk assets, with crypto seen as especially sensitive.

On January 22, 2026, Donald Trump warned in Davos that any European move to unload U.S. financial assets would prompt strong economic retaliation. His comments followed tariff tensions tied to Greenland and chatter about large‑scale selling, even as a draft framework paused new tariffs and outlined missile deployments and mineral restrictions on the island.

According to PwC's Global Crypto Regulation Report, 2026 will mark a turn from rulemaking to full-scale enforcement, with clearer frameworks spurring jurisdictional competition. The analysis highlights the EU's MiCA rollout, a U.S. focus on regulated stablecoin payments amid the delayed CLARITY Act, and U.K. plans to bring crypto under FSMA oversight.

Crypto custody provider BitGo has completed a U.S. initial public offering that raised $212.8 million and priced shares at $18, giving the firm a valuation near $2.1 billion. The January 22 listing marks the first major crypto-native IPO of 2026 and highlights growing public market interest in regulated digital asset infrastructure over trading-focused businesses.

In a January 22 2026 interview, Maelstrom CIO and BitMEX co-founder Arthur Hayes argued that the easy-money phase in crypto has ended and that revenue now determines which tokens, stablecoins and venues will endure. He said Bitcoin still dominates while many altcoins are "zombie" projects, outlined why only a few stablecoin models such as Tether, Ethena and large banks have durable moats, and predicted that decentralized exchanges could steadily take market share from centralized platforms. Hayes also discussed his focus on cash-flowing businesses, risks in policy-driven macro shocks, and how memecoins reflect pockets of crypto market sentiment.