FG Nexus discloses holding 37,594 ETH and has repurchased over $32 million worth of common stock
FG Nexus, a Nasdaq-listed Ethereum treasury firm, announced on January 21 that as of January 20, it held 37,594 ETH, had $1.9 million in outstanding debt, and 33.6 million outstanding common shares.
The company added that it has repurchased approximately 9.9 million common shares at an average price of $3.24 per share and roughly 53,000 preferred shares at an average price of $24.16 per share, with total repurchase consideration exceeding $32 million.
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Trump Arrives in Davos, Will Deliver Speech Tonight at 9:30 PM
Trump has arrived in Switzerland to attend the World Economic Forum, per foreign media reports on January 21. Despite a flight delay caused by a mechanical issue with his plane, he will still deliver his scheduled speech. World Economic Forum officials said his special address is set to begin at 9:30 PM Beijing time.
Beyond the speech, he is also scheduled to meet with foreign leaders and wrap up the day with a reception for business leaders. While the highlight of his itinerary is expected to be tonight’s speech—government officials note he will unveil policies aimed at easing voters’ concerns about the cost of living—this focus has been overshadowed by the geopolitical crisis ignited by his policies.
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Mainstream Cryptocurrencies Experience Another Downturn, Exchange Funding Rates Turn Sharply Bearish
Evening of January 21 — Mainstream cryptocurrencies slid again, with Bitcoin briefly dropping more than 0.5% and moving closer to its previous lows. Ethereum fell over 1%, holding precariously above the $2,900 mark.
According to Coinglass data, current funding rates across centralized (CEX) and decentralized (DEX) exchanges reflect a market-wide bearish sentiment toward Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Notably, ETH and SOL funding rates on Binance have turned negative.
BlockBeats Note: The funding rate is a fee set by crypto trading platforms to align contract prices with the underlying asset’s price, typically applicable to perpetual contracts. It operates as a capital exchange mechanism between long and short traders — the platform does not collect this fee; instead, it adjusts the cost or profit for traders holding contracts to keep the contract price close to the underlying asset’s value.
A 0.01% funding rate is the baseline. Rates above 0.01% indicate a ge
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Vietnam Launches Cryptocurrency Exchange Licensing Pilot
On January 21, Vietnam’s Ministry of Finance issued a resolution this week launching a pilot program to officially license cryptocurrency exchanges—aiming to move the industry from a long-standing legal gray area into a regulated framework.
Per the resolution, the State Securities Commission will oversee issuing, modifying, and revoking operating licenses for crypto exchanges, and has released detailed application guidelines.
The program requires applicants to be Vietnamese local companies with at least 100 trillion Vietnamese dong (≈$3.8 billion) in charter capital, plus meeting strict standards for infrastructure, governance, cybersecurity, and professional staffing. Currently, around 10 securities firms and banks have signaled plans to enter the market once licensed.
(Source: Cryptonews)
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Dutch Cryptocurrency Platform Finst Raises €8 Million in Series A Funding Round Led by Endeit Capital
Jan 21st — Beincrypto reports Finst has closed an €8 million Series A funding round led by Endeit Capital. Existing investors Eelko van Kooten (Spinnin’ Records founder) and DEGIRO co-founder Mark Fransen also participated in the round.
This funding pushes Finst’s total capital raised to €15 million. Proceeds will support European market expansion, new product and service development (including broader collateral coverage, market-leading rates, expanded asset selection, and enhanced platform functionality), and additional product lines for institutional and professional users.
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