Today's Market Trends: Coin and stock linkage accelerates, institutions and traditional finance are rushing in both directions

At the beginning of 2026, the correlation between cryptocurrencies and traditional stock markets has become even more prominent. Several US-listed companies continue to increase their crypto asset allocations, while Wall Street giants accelerate their布局 in tokenization and stablecoins. US local governments are also frequently sending positive signals, and the integration of traditional finance with the crypto world is clearly speeding up.

Here are some key highlights for today:

US state-level crypto holdings expand again, West Virginia proposes legislation to allocate up to 10% of funds to assets like Bitcoin

West Virginia State Senator Chris Rose officially submitted the “Inflation Protection Act,” which proposes allowing the state finance committee to invest up to 10% of funds in precious metals, digital assets with a market cap over $750 billion (currently only Bitcoin qualifies), and regulated stablecoins. Digital assets can be held through qualified custodians or ETFs.

If passed, West Virginia will become the latest state after Texas, Arizona, and New Hampshire to officially permit holding crypto assets at the state level. The bill is currently under review by the Banking and Insurance Committee.

Here are some related visual illustrations:

(Image: Concept map of West Virginia integrating with crypto assets)

Corporate treasury continues to “HODL” enthusiastically: Bitcoin + Ethereum + Sui all making moves

US-listed company DDC Enterprise announced it will increase its Bitcoin holdings by 200 coins in 2026, bringing total holdings to 1,383 coins, with a return of 16.9%.

BitMine has heavily purchased 24,068 Ethereum via FalconX (approximately $80.57 million), currently staking over 1.7 million ETH (worth about $5.65 billion), ranking first among on-chain entities in holdings.

StrategicEthReserve data shows that 67 entities currently hold about 6.61 million ETH (5.47% of circulating supply), with a total value exceeding $20.5 billion.

Upexi and Hivemind, both SOL treasury companies, have reached a $36 million convertible bond agreement, using SOL as collateral. After the transaction, SOL holdings will increase by 12%, exceeding 2.4 million coins, making it the second-largest corporate SOL holder after Forward Industries.

These corporate “crypto treasury” strategies are becoming one of the most notable investment trends in 2026.

Let’s look at the trend of companies incorporating Bitcoin and Ethereum into their balance sheets:

(Image: 2025-2026 crypto treasury company trend chart and corporate ETH allocation illustration)

Wall Street giants accelerate collectively: tokenization, stablecoins, and prediction markets are key focuses

Goldman Sachs CEO David Solomon stated that the company is heavily investing in research on tokenization, prediction markets, and stablecoins, having assembled a large team and held meetings with senior platform executives.

State Street (with over $51.7 trillion in regulated assets globally) announced the launch of a tokenization platform, planning to develop tokenized money market funds, ETFs, tokenized deposits, and stablecoins. It has previously partnered with Galaxy Digital to launch a tokenized fund.

Bank of America CEO Brian Moynihan issued a warning: if interest-bearing stablecoins are allowed to develop on a large scale, they could potentially drain up to $6 trillion in deposits from the traditional banking system, impacting credit supply, especially for small and medium-sized enterprises.

Traditional financial giants are embracing blockchain technology at unprecedented speed, with tokenization becoming the biggest highlight of 2026.

Visual representation of Wall Street’s tokenization布局:

(Image: Bank institution tokenized assets and RWA track illustration)

Other noteworthy developments

Hong Kong De Lin Securities approved by the SFC to upgrade to a Class 4 license, enabling virtual asset consulting and trading services, expected to officially launch in February 2026.

Short-term liquidity pressures: recent projects have unlocked large amounts, including Cronos (CRO) 1.17 billion tokens (about $118 million), deBridge, etc. Some tokens have already experienced noticeable corrections, so caution is advised regarding short-term volatility.

Summary: At the start of 2026, the coin-stock linkage has entered a new phase—from corporate treasury “real gold” accumulation, to local government legislation, to Wall Street’s full embrace of tokenization. Crypto assets are accelerating their transition from the periphery to the core of mainstream financial infrastructure. In the coming months, institutional fund movements and regulatory developments will remain the market’s primary drivers. Investors should focus on structural opportunities related to Bitcoin, Ethereum, SOL ecosystems, and RWA/tokenization-related assets.