US President Donald Trump said he would refrain from imposing tariffs on goods from European nations opposing his effort to take possession of Greenland, citing a "framework of a future deal" he said was reached regarding the island. Stocks surged after Trump posted to Truth Social saying that he and NATO Secretary General Mark Rutte had reached a framework for a deal on Greenland and the surrounding Arctic region. The U.K. inflation rate rose to 3.4% in December, above forecasts of 3.3% from economists polled by Reuters. - Trump signals he has a favorite for Fed chair, 'down to maybe one, in my mind', saying a search that began in September and once included as many as 11 candidates is nearly over.
Senate Agriculture Committee Chairman John Boozman released a Republican draft of the crypto market structure bill ahead of a January 27 markup without Democratic support, citing unresolved "fundamental policy issues," though the bill includes protections for DeFi developers and omits stablecoin yield regulation.
NYSE unveiled a plan on Monday to enable blockchain-based 24/7 trading and instant settlement of stocks and ETFs, with additional custody features, aiming for increased efficiency and reduced costs.
Layer-1 blockchain Saga paused its SagaEVM chainlet after a $7 million exploit involving unauthorized fund bridging and conversion to Ether, causing its Saga Dollar stablecoin to depeg to $0.75 and TVL to drop 55% to $16 million, with security researchers suggesting the attack exploited infinite token minting through IBC mechanisms.
Galaxy Digital plans to launch a $100 million hedge fund in Q1 2026 with $100 million in committed capital that will take long and short positions across crypto tokens (up to 30%) and traditional financial services stocks, as the "up-only" phase of the crypto cycle ends and market dynamics shift toward more complex trading strategies.
