Stocks

Binance is considering relaunching stock trading roughly four years after removing stock tokens in 2021 amid regulatory pressure, as reported by The Information. The move would come as Coinbase, Bitpanda, the NYSE and DTCC roll out equity and tokenization initiatives, and as regulatory clarity and institutional participation in on-chain markets grow. Binance has also applied for a Markets in Crypto-Assets license in Greece ahead of the EU’s June 2026 transition deadline.

On January 23, 2026, Grayscale Investments filed a Form S-1 with the U.S. Securities and Exchange Commission seeking approval for the Grayscale BNB Trust, a spot ETF intended to track the price of BNB and list on Nasdaq after a 19b-4 approval. The firm also filed a separate Form S-1 earlier in the week to convert its existing Grayscale Near Trust, which trades on OTCQB under ticker GSNR, into a spot ETF managing about $900,000 in assets.

In January 2026, GameStop moved 2,396 BTC—about 51% of its treasury—to Coinbase Prime without confirming any sale. The transfer, flagged by on-chain analysts Sani and Emmett Gallic, fueled speculation about potential liquidation and coincided with a brief drop of over 3% in GME shares. If sold near current levels, potential losses were estimated at about $76M.

As of January 22, 2026, U.S.-listed spot Bitcoin ETFs recorded four days of net outflows totaling $1.62 billion, with daily redemptions peaking at $708.71 million on January 21. BlackRock's IBIT led withdrawals while BTC traded below $90,000, as basis trade yields slipped under 5% and CME futures open interest fell behind Binance.

In early 2026, emerging market equities have risen about 7%, sharply outperforming the S&P 500’s 1% gain as investors reallocate away from US dollar assets and Treasuries. Major EM indexes logged a fifth straight week of advances, with Asia’s technology sector and Latin American shares, up 13% this year, leading the move. China’s central bank backed yuan strength, several EM currencies appreciated more than 3%, and a leading EM ETF drew over $6.5 billion in January amid renewed de-dollarization themes.

OpenAI, led by Sam Altman, is under intense pressure in 2026 after burning through about $9 billion last year and projections pointing to a possible $17 billion cash burn this year. Despite reporting more than $20 billion in 2025 revenue and claiming around 800 million weekly users, only a small fraction pay, while the firm is tied to $1.4 trillion in data center commitments. Investors are increasingly focused on costs, monetization and a potential IPO targeted for late 2026 or early 2027, amid growing competition from rivals like Anthropic and shifting market sentiment on AI funding.

GameStop transferred its 4,710 BTC to Coinbase Prime amid a softer market, with Bitcoin around $89,098. CryptoQuant said a sale near $90,800 could realize about $76 million in losses, while GME climbed roughly 6.7% after CEO Ryan Cohen bought 500,000 shares on January 21.

On January 23, 2026, Novo Nordisk shares advanced after the new oral Wegovy weight-loss pill logged 18,410 first-week prescriptions and outpaced Eli Lilly's Zepbound. The rally was reinforced by a Buy rating from Goldman Sachs, as investors focused on the drugmaker's earnings outlook and expanding position in the GLP-1 obesity market.

Xiaomi unveiled a stock repurchase plan of up to HK$2.5 billion (US$321 million). Its shares rose 2% in Friday trading after the news, and a filing said the automatic program will start on January 23. The company earlier bought 4 million shares for HK$152 million on January 13, 2026, and outlined longer‑term chip and EV initiatives.

BitGo said it has moved its headquarters from Palo Alto, California, to Sioux Falls, South Dakota, as it prepares for a potential IPO. The company aims to improve tax efficiency and operational predictability while keeping an international presence. Leadership plans to retain overseas offices to support institutional clients and ongoing growth.