CoinDesk Podcast Network $800M Liquidated as Trump-EU Greenland Feud Flares Up | CoinDesk Daily
Jan 20, 2026
Tensions are rising as the EU prepares $110 billion in tariffs in response to the U.S.'s Greenland ambitions. Meanwhile, the crypto market is feeling the pinch with over $800 million liquidated and gold hitting record highs. Exciting news comes from the NYSE as it launches a blockchain trading venue for tokenized assets. Additionally, the regulatory landscape tightens as Portugal orders Polymarket to stop operations due to illegal political betting. What does all this mean for investors and the future of trading?
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Geopolitics Drives Crypto Sell-Off
- Geopolitical friction between the U.S. and EU pushed crypto and risk assets sharply lower this morning.
- Jennifer Sanasie ties the sell-off to reports the EU plans $110 billion in retaliatory tariffs over Greenland.
Mass Liquidations Hit Crypto
- The uncertainty triggered massive liquidations across crypto markets totaling about $815 million.
- Bitcoin reversed gains and traded just above $90,000 after earlier nearing $100,000.
NYSE Plans 24/7 Blockchain Exchange
- The New York Stock Exchange plans a fully blockchain-based trading venue that will operate 24/7 later this year.
- The platform will support tokenized stocks and ETFs with instant settlement and stablecoin funding.