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Good morning and welcome to Kaupr Today for Friday 23 January 2026. You’re receiving this email because you’re an active subscriber, or you previously signed up for one of Kaupr’s newsletters or briefings on digital assets, fintech, Web3 or the future of finance. If you no longer wish to receive Kaupr Today, you can unsubscribe instantly with a single click.

If you’re new to Kaupr Today or missed the first issues, you can jump straight into the latest editions from 4–20 January via the Kaupr Today home page.

Welcome!
Morten

Community events in the Nordics

This week has been packed with investor and community events across the Nordics. In Oslo, Danish company Northstake hosted a five‑hour, in‑depth session featuring speakers from Aros Capital, Inveniam, BlackRock, Moody’s Ratings and S&P Global Ratings.

In Stockholm on Wednesday, ETP providers Virtune and Bitwise Asset Management ran separate investor events that together drew several hundred attendees. Bitwise even marked the occasion with a bell‑ringing ceremony alongside Nasdaq Stockholm, as shown in the image.

Kaupr TV Live at 12:00 CET today

Today Kaupr is also kicking off its first Kaupr TV Live from a studio in Stockholm with the following guests: Marco Poblete (Bitwise), Martin Leinweber (MarketVector), Magnus Jones (Nordic Blockchain Association), Åsa Skålén (Realjuridik) and Torbjørn Bull Jenssen (K33).

Hosts: Morten Myrstad and Leon Aleksander Solbakken.

🗓 Friday 23 January 2026 · 12:00–13:00 CET · kaupr.io/tv

📺 Watch live
– Kaupr TV: https://www.kaupr.io/tv
– YouTube Live: https://lnkd.in/e4FgJkfi
– LinkedIn Live: https://lnkd.in/ev_tzmS9
​
✅ Register for reminders
– Luma: https://luma.com/vijd64w9

Trump backs off Greenland tariff threats

At Davos, President Donald Trump said the US and NATO had formed “the framework of a future deal” over Greenland and the wider Arctic, allowing him to step back from plans to impose new tariffs on European countries from 1 February. The reversal followed days of threats to punish allies that opposed US control over Greenland, shifting the narrative back toward negotiations on missile defence and Arctic resources rather than immediate trade escalation.

Why it matters: For markets, the move lowers near‑term tariff tail risk for Europe but confirms that Trump is prepared to weaponise trade over strategic assets like Greenland, turning Arctic security and rare earths into a recurring macro risk factor for this cycle.
Source: Trump backs off tariff threats and hails ‘framework of a future deal’ on Greenland, NPR

Tom Lee warns of “painful” 2026 market drop before year-end rally

Fundstrat’s Tom Lee told The Master Investor Podcast that both equities and crypto are likely to suffer a sharp and “painful” correction in 2026, driven by geopolitical tensions, tariffs and political fragmentation, before staging a strong rebound later in the year. He sees US stocks facing a 15%–20% drawdown even as easing monetary conditions, the end of quantitative tightening and long‑term tailwinds from AI and blockchain ultimately support a recovery, with Bitcoin still expected to reach a new all‑time high once the October 10 crash’s deleveraging shock fully washes through.
Why it matters: The call reinforces a higher‑volatility base case for this cycle, where policy shocks and liquidity air pockets can still inflict double‑digit drawdowns even if the structural AI‑and‑blockchain bull story remains intact.
Source: Tom Lee Warns of Painful 2026 Market Drop Before Year-End Rally, MEXC News

Strategy doubles down on Bitcoin after 30% drawdown

While Bitcoin dropped roughly 30% from peak to trough last year, Strategy Inc. accelerated its buying and in early January executed its largest single purchase since summer 2025, acquiring 13,627 BTC for about 1.25 billion dollars at an average price near 91,500 dollars. Rather than de‑lever or pause issuance after the October crash, the company has leaned into its role as a leveraged Bitcoin vehicle, using a mix of debt, in‑market equity sales and new perpetual preferred share programmes (STRD, STRK, STRF, STRC) to fund accumulation.​

Why it matters: Strategy is treating volatility as a chance to scale exposure, showing how one of the market’s most aggressive corporate buyers is using capital markets engineering—rather than waiting for ETF flows—to consolidate a structurally larger share of the Bitcoin pie.​
Source: Strategy is ramping up its bitcoin strategy after last year’s sharp price drop, Kaupr

Anthropic’s CEO likens US chip exports to “selling nuclear weapons to North Korea”

At the World Economic Forum in Davos, Anthropic CEO Dario Amodei sharply criticised the US administration’s decision to allow exports of Nvidia’s H200 and certain AMD AI chips to approved Chinese customers, warning the move will “come back to bite” the US. Amodei argued that AI systems have “incredible national security implications,” likened future AI to a “country of geniuses in a data center,” and compared the export decision to “selling nuclear weapons to North Korea and bragging that Boeing made the casings,” a striking analogy given Nvidia is both a core supplier and a major investor in Anthropic.​
Why it matters: The remarks highlight how AI and semiconductor policy are becoming existential geopolitical issues, with leading founders willing to challenge their own partners in public as they push Washington toward a more hardline stance on China.​
Source: Anthropic’s CEO stuns Davos with Nvidia criticism, TechCrunch

Armstrong and Banque de France clash over stablecoin yield

On a Davos panel, Coinbase CEO Brian Armstrong clashed with Banque de France governor François Villeroy de Galhau over whether fiat‑pegged stablecoins should be allowed to pay interest to holders. Armstrong argued that banning yield on regulated dollar‑tokens would hurt US competitiveness and simply push users toward offshore stablecoins and rival jurisdictions, while Villeroy warned that yield‑bearing stablecoins could undermine deposits and financial stability.​
Why it matters: The exchange makes stablecoin yield a frontline issue in transatlantic policy debates, pitting consumer returns and token‑based competition against central bankers’ concerns over bank funding and monetary control.​
Source: Coinbase CEO Brian Armstrong spars with France’s Central Bank chief at Davos over yield and ‘bitcoin standard’, Yahoo Finance (via CoinDesk)

Stay with Kaupr Today

Thank you for reading Kaupr Today – feel free to forward this briefing to a colleague or reply with news tips and perspectives from across the Nordic and European digital‑finance ecosystem. Wishing you a great Wednesday, and welcome back tomorrow morning for the next edition of Kaupr Today.​

Best regards
Morten Myrstad
Founder & Editor