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The launch of a Dogecoin spot ETF and Coinbase’s cbETH-backed borrowing highlight how digital assets are increasingly being integrated into traditional financial products.
Bitcoin spot ETFs continue to see outflows, suggesting cautious positioning even as long-term institutional interest remains intact.
High-profile phishing losses and rising crime concerns are driving demand for hardware wallets and secure custody solutions.
The crypto market is navigating through major developments, including institutional expansion, security risks, and changing capital flows. From Dogecoin spot ETF and Binance’s large-scale airdrop campaign to renewed concerns over phishing attacks and BTC ETF outflows.
21Shares announced the launch of a spot Dogecoin ETF on the Nasdaq. The product, trading under the ticker TDOG, is scheduled to go live on January 22, 2026.
It is designed to provide direct exposure to DOGE through traditional brokerage accounts, removing the need for crypto wallets or exchanges.
The ETF is physically backed, meaning each share is supported by actual Dogecoin held in custody on a one-to-one basis.
TDOG will trade in US dollars and carry a 0.50% management fee. The launch reflects growing institutional interest in meme-origin assets that have built sizable user bases and liquidity over time.
Binance announced a $40 million airdrop campaign tied to World Liberty Financial’s WLFI token.
The rewards will be distributed over four weeks to users holding USD1 on eligible Binance accounts, with the program running from January 23 to February 20, 2026.
Binance will allocate $10 million in WLFI each week, with rewards sent directly to users’ Spot wallets.
Eligibility is based on net USD1 holdings, excluding borrowed balances from margin or loan products. Rewards are calculated using hourly balance snapshots, averaged over seven days, mimicking a yield-accrual structure.
South Korean authorities disclosed a major phishing incident involving government-managed crypto assets.
The Gwangju District Prosecutors' Office lost approximately $48 million when Bitcoin was stolen from their crypto wallets.
The investigators found that an employee accessed a fraudulent website, which enabled attackers to obtain login credentials through their website.
The officials refused to provide specific details about the incident, although the incident highlights ongoing vulnerabilities in operational security.
Also Read: ETH Breaks Seller Trend: Is a Buy Signal Emerging After 3 Years?
Hardware wallet manufacturer Ledger is reportedly exploring a US IPO valuing the company above $4 billion.
Founded in 2014, Ledger has seen renewed investor interest as security concerns drive demand for cold-storage solutions.
The company is working with major investment banks as it evaluates the listing, which could happen as soon as this year.
Ledger’s annual revenues now exceed $100 million, supported by awareness of crypto-related crime and the risks of holding assets on centralized platforms.
According to SoSoValue, the Bitcoin spot ETF saw a total net outflow of $32.11 million yesterday. BlackRock's ETF IBIT saw the highest net outflow of $22.35 million.
The second highest was Fidelity's ETF FBTC, with a daily net outflow of $9.76 million.
The total net asset value of Bitcoin Spot ETFs is $115.99 billion, with an ETF net asset ratio of 6.49%. The historical cumulative net inflow has reached $56.60 billion.
Also Read: Bitcoin Price Slips Below $90,000 After Failing to Hold $94,000 Rally
US users who meet eligibility requirements can borrow up to $1 million in USDC through Coinbase's new borrowing feature, which uses cbETH as collateral.
The product uses Morpho, an on-chain lending protocol, to provide users with liquidity options that do not require them to sell their Ethereum.
Loans are overcollateralized, carry variable interest rates, and have no fixed repayment schedule, though borrowers must maintain loan-to-value ratios below 86% to avoid liquidation.
The feature demonstrates increasing interest in capital-efficient solutions, enabling users to unlock liquidity from their staked assets while maintaining their long-term investment position.
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