US Stock Futures Dive Further

**Crypto, U.S. Stocks Tumble Amid Trump Tariff Threat, Greenland Stance** On January 21, Trump escalated tariff threats against Europe and took a tough stance on the Greenland issue, further stoking market fears of a U.S.-Europe trade war resumption. Per HTX market data, the crypto market took another heavy hit overnight: - Bitcoin fell below $88,000 and now trades at $88,430; - Ethereum dropped to $2,920 and is currently at $2,943; - Total crypto market cap shed 4.6% in one day, now at $307.2 billion. Leading altcoin decliners (24-hour drops): - Binance Life: 19.3% → $0.172; - ROSE: 17.5% → $0.0165; - PHB: 13.6% → $0.0038; - MORPHO: 11.02% → $1.145; - STO: 10.98% → $0.0877. U.S. major indexes plummeted overnight: - S&P 500: 2.06% drop (biggest single-day fall since last October); - Dow: 1.76% drop; - Nasdaq: 2.39% drop. Crypto-related U.S. stocks also tumbled: - Strategy: 7.76% plunge; - Coinbase (COIN): 5.57% drop; - Circle (CRCL): 7.45% dro

Jan 21 (FXStreet) — U.S. Commerce Secretary Howard Lutnick said Tuesday he expects first-quarter 2026 U.S. GDP growth to top 5%, but noted current interest rates are too high and dampening stronger economic expansion. Speaking at the World Economic Forum’s annual meeting in Davos, Switzerland, Lutnick added: “Our interest rates should be lower to let the economy truly prosper. I think GDP will grow over 5% this quarter—huge for the $30 trillion U.S. economy. If rates were lower, growth could hit 6%. What’s holding us back right now is our own policy.” Notably, Lutnick’s forecast is his personal view and outpaces that of U.S. Treasury Secretary Benson, who told Davos attendees U.S. GDP growth in 2026 may land between 4% and 5%.

On-chain data indicates that a suspected GameStop-linked wallet transferred 2,396 BTC to Coinbase Prime’s hot wallet 16 hours ago as of January 21. The transfer accounts for roughly 50% of the wallet’s total Bitcoin holdings. Records show GameStop acquired 4,710 BTC via Coinbase Prime in May 2025 as part of its treasury reserves, with a total investment of around $500 million. The average purchase price per coin ranged from $106,000 to $109,000. Currently, the unrealized loss on this Bitcoin position is approximately $70 million.

On January 21, Mike Selig—President Trump’s newly appointed chair of the U.S. Commodity Futures Trading Commission (CFTC)—said he will lead a plan to create rules aimed at “future-proofing” the crypto industry. The plan would formalize a regulatory framework for crypto assets and other financial innovations via the official legislative process, to avoid easy reversal by future administrations. In posts on X (formerly Twitter) and an op-ed in *The Washington Post* published Tuesday, Selig noted the CFTC will shift away from an “enforcement-first” regulatory approach and craft formal rules for emerging markets like digital assets. The goal is to keep U.S. financial markets globally competitive. He added the digital asset economy has grown from a “novelty” to a roughly $3 trillion market. While specific regulatory details haven’t been released yet, Selig said more policy changes will be announced in the coming days. The CFTC will also launch an Innovation Advisory Committee to advis

**Lens Protocol Leadership Transitions to Mask Network** Effective January 21, the original team behind Lens Protocol will no longer steer its development. The SocialFi project announced Tuesday that Mask Network will “host and lead” the protocol’s next phase. Launched in early 2022 by Aave founder Stani Kulechov, Lens Protocol was initially framed as “building Twitter on Ethereum.” Kulechov noted on X (formerly Twitter) Tuesday: “We’ve built Lens Protocol and its underlying on-chain infrastructure—including advanced decentralized content storage governed by smart contracts. Our goal is to create neutral social infrastructure for developers to build consumer-grade apps that reach mainstream users.” About a year after launching on Polygon, Lens reported supporting over 110k social accounts and spawning hundreds of apps. On the same day, Mask Network outlined its Lens roadmap on X: “The next stage isn’t more protocols—it’s building truly usable products, fostering a shared cultu

Jan 21 — The team backed by the Dogecoin Foundation is pushing forward with **Such**, a DOGE payment and everyday business tool slated for an official launch in the first half of 2026. Its goal: expand Dogecoin’s use cases beyond trading speculation to real-world payments and business. The app is co-developed by House of Doge (the Dogecoin Foundation’s official corporate entity) and its Nasdaq-listed merger partner Brag House Holdings. The pair inked a final merger agreement last month, with the merged entity set to go public post-transaction—also targeting early 2026. Per the product overview, Such is a consumer-focused tool that pairs a self-hosted wallet with built-in business tools. It aims to cut down on two-way friction for DOGE payments, making it easier for users to pay with Dogecoin and merchants to accept it. Initial features include: - Self-hosted wallet creation - Real-time transaction records - Merchant tool “Hustles” (for individuals and small businesses to li