Macro headwinds and regulatory actions set tone for crypto markets
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Crypto Market Bears Pressure from Macro, Ledger IPO, and EU Compliance Moves
January 24, 2026
Crypto Signals Daily market brief
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Today’s Setup
Macro headwinds and regulatory actions set tone for crypto markets
Ledger IPO: Ledger targets a $4 billion US IPO amid growing hardware wallet demand and scrutiny of past security breaches.
Bitcoin Pressure: Bitcoin shows early bear market signals with increased net loss realization and price drop below critical supports.
EU Compliance: Binance files for MiCA license in Greece as EU deadlines approach, signaling heightened regulatory compliance.
Watch: Senate Agriculture Committee advances crypto market structure legislation amid new ethics amendments.
Top Stories
Ledger eyes $4 billion US IPO amid scrutiny over past breaches and fee strategy
Ledger is preparing for a potential $4 billion US IPO in New York, tripling its 2023 valuation, despite critics questioning its security track record and fee strategy.
Bitcoin faces bear market signals and net loss realizations amid macro pressures
Bitcoin has entered an early bear phase, slipping below $89,000 with profit cycles turning negative and holders realizing net losses of about 69,000 BTC since late December, pressured by high US yield spreads.
Binance applies for MiCA license in Greece ahead of EU compliance deadlines
Binance filed for a MiCA license in Greece to secure EU-wide approval, fast-tracking compliance after France flagged it as unlicensed, aiming to meet regulatory deadlines this year.
Crypto institutional adoption and policy momentum highlighted at Davos 2026
At Davos, central bankers expressed concerns over crypto’s impact on monetary sovereignty while PwC confirmed institutional adoption is irreversible; Treasury US reaffirmed crypto leadership; CertiK plans $2B IPO amid growing cybersecurity focus.
SEC dismisses lawsuit against Gemini over Earn product after $40M investor recovery
The SEC dismissed its civil action against Gemini following a $40 million recovery agreement that fully compensated investors impacted by the Genesis bankruptcy, closing one of crypto’s longest-running enforcement cases.
Also on the Wire
• Kansas proposes a state-managed Bitcoin and digital assets reserve fund using unclaimed crypto and staking rewards.  ·  Cointelegraph
• Farcaster, acquired by Neynar, will return $180 million to investors and pivot to a developer-focused model.  ·  Cointelegraph
• US Senate Agriculture Committee faces ethics amendment ahead of key crypto market structure bill hearing.  ·  The Block
• Ryan James Wedding, ex-Olympian, arrested for operating a crypto-enabled drug trafficking network using stablecoins.  ·  Decrypt
• The SEC's removal of position limits unlocks expanded Nasdaq Bitcoin and Ethereum ETF options trading.  ·  Bitcoin News
• Grayscale files for a Binance Coin ETF while BNB price remains range-bound.  ·  AMBCrypto
• Altcoin momentum fades as market shifts back into Bitcoin season, signaling cautious sentiment.  ·  AMBCrypto
• Brazil’s Central Bank streamlines crypto market entry rules for banking institutions and brokers.  ·  Bitcoin News