The crypto market seems calm today. Bitcoin is stable, just below $90,000. Ethereum, despite falling 10% this week, looks set to benefit from the Davos talks on tokenization. Davos reveals the flaws of the old system while accidentally promoting the new. The engagement rate of Bitcoin discussions begins to increase during this low sentiment market.
Davos has become a good vehicle for crypto with settlements, collateral, liquidity and withdrawals, words that decide who survives the next financial shock. As the panels wrap up, it’s clear that crypto is effective and all it needs is time.
Davos and the $14 Billion Crypto Stress Test Endured
One of the biggest discussions at Davos came from CZ, co-founder of Binance, who dropped a number that shook traditional bankers. $14 billion in net outflows after FTX collapse, including $7 billion in a single day. Banks, on the other hand, he suggested, would buckle under similar pressure, while crypto dealt with them.
In a single week, Binance processed $14 billion in withdrawals.
All without freezing access or interrupting the flow.@cz_binance highlighted this in Davos as live evidence of crypto infrastructure under real stress.
Few traditional banks could remain solvent in such a context.
Transparency, full… pic.twitter.com/alIJYJuko4
– Nezuko ♡ (@nezukodefi) January 22, 2026
Coinbase CEO Brian Armstrong also fuels the debate by pointing out something we rarely think about. Banks lend your money without asking.
Just before that, he also had a heated exchange with the governor of the Bank of France. Armstrong presented Bitcoin as a ledger of accountability, particularly for countries facing inflation-fueled deficit spending. Armstrong emphasized that Bitcoin is decentralized and no entity controls it during the discussion, contrary to what the French Bank governor is trying to propose.
JUST IN: The CEO of Coinbase calls out the governor of the French Central Bank:
“Bitcoin does not have a money printer. It is more independent” pic.twitter.com/2eW02mEaCy
– Bitcoin Magazine (@BitcoinMagazine) January 21, 2026
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Tokenization and machines
Tokenization in crypto-dominated Davos. We’ve seen leaders talk about real assets, real deals and real efficiencies. CZ, again, even hinted at a future in which AI agents transact using crypto rails, ignoring cards and banks entirely, because automation doesn’t need intermediaries.
Crypto stablecoins are also present in Davos. Stablecoins are not designed as speculative tools but as backend infrastructure and already process more volume than Visa and Mastercard. Jeremy Allaire of Circle argued that yield-producing stablecoins pose not a threat to sovereignty but a competitive advantage. Ripple’s Brad Garlinghouse called the proceedings “lively.”
A lively dialogue during today’s WEF session (to say the least), but one important point of agreement among the panelists was that innovation and regulation are not in opposing camps.
I firmly believe that now is THE time to use crypto and blockchain technology to enable the economy…
– Brad Garlinghouse (@bgarlinghouse) January 21, 2026
Real-world assets now stand at around $28 billion in DeFi TVL, with projections stretching into the billions by 2030. Ethereum benefits, naturally, especially with JP Morgan going live on Ethereum.
BREAK:
JP Morgan, the world’s largest bank, is now active on Ethereum.
The official RWA product is My OnChain Net Yield Fund (“MONY”), powered by JPM Kinexys.
Tokenization is no longer a theory.
This is bank-grade financial infrastructure. pic.twitter.com/NwFJMgwehw– Merlijn the Trader (@MerlijnTrader) January 22, 2026
BREAK:Regulation, reality and momentum
Regulation has replaced rhetoric. CZ warned that global rules would not be universal. Finance is not a universal outlet. Armstrong pushed stable coin yields as a way to keep the United States competitive with its dollar, while David Sacks directly linked crypto leadership to AI dominance. Even banks have followed suit, with their executives openly calling blockchain the future.
I’m from Davos 2026.
Watch.
-SMQKE (@SMQKEDQG) January 21, 2026
DAVID SACKS: “AFTER THE MARKET STRUCTURE BILL IS PASSED, BANKS WILL GET FULLY INTO CRYPTO”
The UAE has been hailed as a hub of innovation, privacy models have evolved toward configurable compliance, and tokenized stocks have reached record market capitalizations. None of it seemed speculative this time. In Davos, the tone towards crypto was practical and optimistic.
Previous Davos meetings brought nothing; he delivered plans for the future of cryptocurrencies. In my opinion, if finance were plumbing, TradFi would still be arguing over pipe materials while crypto would simply redirect the water.
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Crypto Market News article today, January 23: Bank can’t handle $14 billion withdrawal! What Crypto Learns from Davos appeared first on 99Bitcoins.
