Suki Yang, now CEO of Icon Trading after roles at Electric Capital, Pantera Capital and CertiK, is focused on building a system-driven institutional crypto trading platform that goes beyond individual judgement. The firm emphasizes a unified architecture for risk, execution and research, aiming for explainable, repeatable returns as crypto markets mature and narrative-driven inefficiencies fade.

On Jan. 19, Intercontinental Exchange, the parent of the NYSE, outlined plans for a separate trading venue for tokenized US‑listed equities and ETFs, built around stablecoin-based funding and blockchain settlement. The platform aims to enable 24/7 trading, near‑instant settlement with tokenized capital, and fractional share trading while preserving traditional investor rights and remaining subject to regulatory approval. Industry debate now centers on how much value this shift in market plumbing will actually deliver to existing crypto tokens versus blockchains and DeFi infrastructure.

3M Company reported fourth-quarter 2025 results that exceeded forecasts, with adjusted EPS of $1.83 versus $1.80 expected and revenue of $6.1 billion against $6.01 billion. The company also outlined 2026 targets, including adjusted EPS of $8.50 to $8.70 and approximately 4% adjusted total sales growth.

Wintermute's year-end 2025 analysis argues that crypto's historical four-year bull cycle has broken down, with ETF and digital asset treasury flows concentrating liquidity in Bitcoin and Ethereum instead of rotating into altcoins. The firm's trading and derivatives data shows shorter altcoin rallies, deepening institutional engagement, and a major October 10 deleveraging, while it highlights three potential catalysts that could broaden market participation in 2026.

Messari research analyst Austin Weiler argues that insider trading can only be meaningfully deterred on prediction markets that implement Know Your Customer checks, while fully onchain, non-KYC platforms face near-impossible enforcement. He notes that even KYC cannot completely prevent abuse, as insiders may still pass information to third parties, but it allows platforms to restrict access and raise enforcement standards amid growing scrutiny of political and geopolitical betting.

Bitcoin’s recent rebound has largely reversed, with the price falling under $91,000 and its market capitalization sliding below $1.820 trillion. Major altcoins are also under pressure, as Ethereum trades near $3,100, XRP slips well beneath $2.00, and ICP and XMR record some of the sharpest daily declines.

Pump.fun has introduced a $3 million Pump Fund alongside a "Build in Public" hackathon to support 12 early-stage teams using a token-first model. Participating projects must keep at least 10% of their token supply, with each team reportedly eligible for $250,000, and Pump.fun's PUMP token briefly rose before trading near $0.0025 following the announcement.

The Federal Reserve has injected $8.306 billion in liquidity, with settlement scheduled for the next day, while its broader monthly operations now total $55.4 billion. Gold has climbed to a new all-time high of $4,717 per ounce as Bitcoin trades around the $95,000 support zone, with market conditions showing rising DeFi value and strong BTC dominance. These dynamics are building against a backdrop of muted liquidations and ongoing dollar weakness, raising questions about whether Bitcoin will follow gold's breakout.