Bitcoin dropped 1% to $89,100 while Ethereum fell 2% to $2,925 as crypto majors retreated. Gold climbed near $5,000 and silver approached $100, drawing flight-to-safety flows. Top gainers included ZRO up 15%, AXS up 10%, and DASH up 8%.
Ledger enlisted Goldman Sachs, Jefferies, and Barclays to underwrite a $4 billion IPO. The hardware wallet maker joins BitGo, which finished its first trading day marginally above its $18 IPO price. Both exits signal institutional confidence in crypto infrastructure.
President Trump sued JPMorgan for $5 billion over alleged politically motivated debanking. The lawsuit escalates tensions between the incoming administration and traditional finance over account closures in the crypto sector.
Ripple CEO Brad Garlinghouse predicted Bitcoin could reach new highs in 2026, citing regulatory tailwinds and institutional adoption as catalysts. BlackRock CEO Larry Fink advocated for a single blockchain to standardize tokenization and prevent corruption. PwC declared crypto adoption "no longer reversible" amid accelerating enterprise participation.
Regulatory momentum accelerated with Kansas introducing new blockchain-friendly legislation.