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UOB prices AUD2 billion in five-year senior unsecured notes

SYDNEY and SINGAPORE, Jan. 23, 2026 /PRNewswire/ — UOB Sydney Branch has priced AUD2 billion in senior unsecured notes across five-year (5Y) fixed and five-year floating rate tranches. This comprised AUD1.25 billion five-year Fixed-Rate Note (FXD) and AUD750 million five-year Floating-Rate Note (FRN) tranches, which were priced on 21 January at the three-month Bank Bill Swap Rate (BBSW) plus 0.72%.

Pricing: Relative Value versus Australian Major Banks and Regional Peers

  • Priced 2 basis points (bps) inside of the most recent Australian Major Bank 5Y Senior (CBA: +74 bp vs UOB: +72 bp) 
  • Priced flat to an Australian major bank 5Y senior unsecured new issue in today’s market, representing no new issue concession
  • UOB leveraged one of the flattest 3-5yr tenor of 13 bps today vs. a peak of 28 bps in the post-Covid era
  • Price the tightest 5Y A$ bank senior unsecured transaction globally since UOB’s own A$ 5Y in November 2021
  • Priced flat to 1 bp tighter vs. UOB US$ 5Y Senior, which was also more impacted by headlines vs. the more defensive nature of the AUD bond market 

Investor Demand

  • This transaction demonstrates our continued engagement with AUD investors.
  • UOB has raised two AUD2 billion transactions across both 2025 and 2026, with a domestic investor allocation of approximately 55%
  • UOB offered both floating and fixed rate tranches to maximise investor participation given strong investor demand for 5-year notes due to the higher spread and yield offered amidst the multi-year tight spread environment
  • This trade also captured robust fund managers, corporations and official institutions demand, at 58% for the fixed rate tranche and 29% for the floating rate tranche. 58% for the fixed rate tranche is one of the highest real money participations in AUD bond offerings from non-domestic banks
  • This strong investor interest resulted in UOB being able to print the largest non-domestic 5Y fixed rate tranche
  • The transaction was announced on 20 January (Tuesday), and the strong combined orderbooks of >AUD3.38 bn overnight gave UOB the confidence to launch the transaction on 21 January (Wednesday)

Ms Koh Chin Chin, Head of Group Treasury, Research and Customer Advocacy, UOB, said, “We are happy to have offered investors relative value through our choice in tenor whilst achieving our objectives in both size and pricing, and are very pleased to have seen the continued strong support from the investor community despite global markets sentiment softening this week.”

Transaction Statistics

  • Achieved the largest peak orderbook of AUD5.42 bn for an Asian A$ 5Y bank senior
  • Final orderbook of >AUD$$4.97 billion
  • For FXD, 
    • Robust investor demand from Fund managers/Corporations/Official institutions ~58%, Banks ~37%, Private banks/Hedge funds/Others ~2%, Money markets ~3%
    • Diversified geography from Australia/New Zealand ~62%, Asia ~37%, Europe, Middle East and Africa (EMEA) ~1%
  • For FRN, 
    • Robust investor demand from Fund managers/Corporations/Official institutions ~29%, Banks ~63%, Private banks/Hedge funds/Others ~5%, Money markets ~3%
    • Diversified geography from Australia/New Zealand ~54%, Asia ~45%, Europe, Middle East and Africa (EMEA) ~1%

 

Annum Capital and Turoid – Unlocking AI for Asia Family Offices

HONG KONG, Jan. 23, 2026 /PRNewswire/ — Annum Capital, a leading financial services group in Hong Kong, today announced a strategic partnership with Turoid, a next-generation technology provider, to bring AI to multi-family offices and asset managers in Asia.

Annum Capital and Turoid - Unlocking AI for Asia Family Offices
Annum Capital and Turoid – Unlocking AI for Asia Family Offices

Under this partnership, Turoid is working with Annum Capital to re-imagine the operating architecture across EAM, fund management, private equity, private credit, hedge funds, index investing, structured products, and strategy consulting, blending AI into governance, advisory, revenue capture, operations, market analytics and risk management.

In Phase 1 of the partnership, Turoid has delivered a suite of functionalities (“Wealth Pilot“) for Annum Capital:

  • AI-empowered client onboarding and trade cycle, with enhanced due diligence, analytics, and risk management
  • AI-assisted asset allocation and portfolio diagnostics, embedding market conditions, compliance requirements, and client-specific constraints dynamically
  • AI-driven private market due diligence, synthesizing information from a wide range of sources, strengthening transparency and insights to support vetting, corroboration, and decision-making
  • Performance management across front-middle-back offices with anticipatory AI to increase efficiencies in capacity management, resource deployment, and cost controls.

In Phase 2, Turoid will work with Annum Capital to:

  • Build a price discovery platform for structured products, to internalize the relationships with global issuers and enhance economics
  • Build a custom-indexing engine that connects with leading issuers of AMCs as a cost-light option to scale up Annum’s in-house investment strategies
  • Automate the setup and administration of Hong Kong Limited Partnership Fund, to help accelerate the adoption of Hong Kong’s local private fund format by family offices and investment managers in Asia
  • Establish a marketplace for secondary transactions among Asia institutional investors and family offices, replacing the opacity and cost of a highly brokered, conversation-based model with an AI-driven discovery, matching, and execution approach.

“Annum Capital is very excited to see the results of Phase 1 implementation, which upgraded our operating platform and injected AI into the deliberations and decisions of our investment teams and relationship managers. Our family office clients and fund investors highly appreciate how AI inspires, informs, assists and validates our ideas, portfolios, reporting and risk judgements.” said Aaron Sung, Head of Asset Management, Annum Capital.

“Turoid is a very special technology provider, not defined by budgets, timeline, testing and signoffs. Turoid harnesses AI to learn about clients’ processes and build solutions that almost melt into our business right away, enlightening and improving processes without a fuss. It’s been a real pleasure working with the incredible team of Turoid.” added Alvis Sze, CTO, Annum Capital.

“AI is already a transformative agent for global financial services – and even more so for Hong Kong,” said Nick Wong, CEO of Turoid. “Hong Kong is one of the world’s leading wealth management centers, serving capital and clients across Asia and beyond. We believe it should also produce homegrown fintech leaders that serve international players at global standards. Turoid is building that platform: helping Annum Capital and other forward-thinking firms focus on clients and value creation, while giving independent players the process rigor and technology versatility typically found at much larger institutions. We’re privileged to partner with Annum Capital on this journey.”

Annum Capital and Turoid plan to roll out “Wealth Pilot” and related services to more Asia family offices and institutional investors in 2026 and 2027, connecting innovations of the AI world with Asia’s smartest money.

About Annum Capital

Annum Capital is a Hong Kong-based financial services group with market leadership in external asset management (EAM), fund management, index investing, fiduciary services, and corporate advisory. Annum Capital is 100% owned by its employees and permanently aligned with clients.

Annum Capital was voted “Best Alternative Investment Manager in Greater China 2025” and “Best EAM in Hong Kong 2025” by WealthBriefingAsia and “Best Provider of Family Office Services 2024” by Hong Kong Limited Partnership Fund Association.

www.annum.com.hk

About Turoid

Turoid is a Hong Kong–based fintech and AI technology company focused on bringing cutting-edge AI into wealth management. Turoid works with family offices and asset managers to apply advanced AI to the real problems behind capital stewardship — improving decision-making, strengthening risk discipline, and enabling teams to manage capital with greater clarity and speed. Turoid’s mission is simple: take the latest AI capabilities and turn them into practical advantage for clients operating in fast-moving global markets.

https://www.turoid.ai/

XED Takes a Major Step Forward as NSE International Exchange Grants In-Principle Approval for India’s First GIFT City IPO

MUMBAI, India, Jan. 23, 2026 /PRNewswire/ — XED, a globally integrated executive education enterprise, has received in-principle approval from NSE International Exchange (NSE IX) for its proposed initial public offering of USD 12 million at GIFT City, marking a significant milestone in the company’s journey toward becoming one of the first Indian enterprises to list under India’s international financial services framework.

This development represents the second key regulatory milestone following the submission of the Draft Red Herring Prospectus (DRHP) and moves XED closer to its proposed public listing at GIFT City — India’s International Financial Services Centre regulated by the International Financial Services Centres Authority (IFSCA).

“The in-principle approval from NSE IX is an important validation of the institutional foundation we have built over the years,” said John Kallelil, Founder and Managing Director, XED. “As we progress toward becoming a publicly listed company, our focus remains on governance, transparency, and long-term value creation. GIFT City provides a framework that aligns well with our global footprint and our aspiration to operate to international standards.”

XED’s Strategic Fit with the GIFT City Framework

XED’s decision to pursue a GIFT City listing aligns closely with the company’s global operating model and long-term institutional vision. Over the past decade, XED has built a leadership and executive education ecosystem serving senior professionals across 25+ countries, with operational presence spanning India, the Middle East, Southeast Asia, and North America.

The company collaborates with some of the world’s most respected academic institutions, including the Saïd Business School, University of Oxford, Cornell University, University of Michigan Ross School of Business, University of Virginia Darden School of Business, Indian School of Business (ISB), and Carnegie Mellon University, among others.

Rather than following the rapid-scale approach traditionally associated with the education technology sector, XED has pursued a measured, governance-led growth strategy, prioritising institutional credibility, global relevance, and long-term sustainability.

“GIFT City represents India’s next chapter as a global financial hub,” said Piyush Agrawal, CFO, XED. “Its dollar-denominated framework provides global investors a frictionless, transparent route to participate in India’s growth story. For XED, this approval is not just regulatory progress — it is validation of our readiness to operate as a publicly accountable global institution.”

“This transaction is a watershed moment — both for XED and for GIFT City,” said Abhishek Kaushik, CEO of Global Horizons, merchant banker to the issue. “We see XED as a category-defining issuer for this platform: a globally aligned, governance-driven company accessing investors in a dollar-denominated, tax-efficient, and regulation-light environment. It showcases how India can offer Nasdaq-style access to Indian enterprises without losing regulatory discipline.”

Backed by Long-Term Institutional and Entrepreneurial Capital

XED’s journey has been supported by a diverse group of investors with deep operating and global market experience. The company’s shareholders include Ecosystem Ventures, an established angel investment platform, as well as family offices of prominent entrepreneurs and business leaders. These include the family office of Kunal Shah, founder of CRED; the family office of Pratekk Agarwaal, former Chief Business Officer at BharatPe; and the family office of Pavan Bakeri, Managing Director of the Bakeri Group. The company is also backed by senior finance leaders with extensive international experience.

GIFT CITY — A New Gateway for Global and NRI Investors

The in-principle approval by NSE IX is a critical step in the listing process and reflects the growing maturity of India’s offshore capital market ecosystem. GIFT City has been envisioned as India’s global financial gateway — enabling Indian companies with international operations to access overseas capital while remaining within an Indian regulatory framework.

For Non-Resident Indians (NRIs) and global investors, the GIFT City platform offers a fundamentally different investment experience compared to traditional domestic listings.

Under the IFSCA framework, eligible investors are able to participate in offerings through a dollar-denominated structure, allowing investments and exits in foreign currency without exposure to Indian rupee volatility.

Tech Trends 2026: APAC CIOs Confront Rising Risk and Execution Pressure at Info-Tech LIVE 2026 in Brisbane

Across the Asia-Pacific region, CIOs are navigating accelerating AI adoption, regulatory complexity, and rising execution pressure simultaneously. At Info-Tech LIVE 2026 in Brisbane, March 17 – 18, 2026, the Tech Trends 2026 session will equip IT leaders with a strategic lens to assess emerging technologies and make defensible, outcome-driven decisions.

SYDNEY, Jan. 23, 2026 /PRNewswire/ —  Across the Asia-Pacific region, technology leaders are operating in environments where the margin for error is narrowing. As AI initiatives scale and regulatory requirements diverge across markets, CIOs are increasingly accountable for ensuring that technology decisions translate into measurable business outcomes. At Info-Tech LIVE 2026 in Brisbane, taking place March 17 – 18, 2026, at W Brisbane, Info-Tech Research Group will host its Tech Trends featured session to help CIOs and senior IT leaders evaluate emerging technologies through the lens of execution readiness, risk exposure, and organisational capacity.

At Info-Tech LIVE 2026 in Brisbane, March 17 – 18, 2026, the Tech Trends 2026 session will equip IT leaders with a strategic lens to assess emerging technologies and make defensible, outcome-driven decisions.
At Info-Tech LIVE 2026 in Brisbane, March 17 – 18, 2026, the Tech Trends 2026 session will equip IT leaders with a strategic lens to assess emerging technologies and make defensible, outcome-driven decisions.

Drawing on Info-Tech’s Tech Trends 2026 report and data from the firm’s Future of IT Survey 2026, the keynote will explore how IT leaders can prioritise initiatives, sequence adoption, and manage risk when resources, talent, and governance capacity are constrained.

“For CIOs across APAC, technology decisions now carry greater accountability as AI adoption accelerates unevenly across markets,” says George Khreish, Managing Partner at Info-Tech Research Group, APAC. “The Tech Trends 2026 report helps leaders separate signals from noise by showing which trends demand action now and which require stronger execution foundations first. At Info-Tech LIVE 2026 in Brisbane, we’re focused on turning those insights into disciplined decisions and accountable outcomes.”

Tech Trends 2026 at Info-Tech LIVE 2026 in Brisbane
At Info-Tech LIVE 2026 in Brisbane, the Tech Trends 2026 session will examine how emerging technologies are reshaping enterprise priorities as CIOs balance speed, risk, and execution capacity. The session will explore the following eight technology trends through the lens of real-world adoption and operational impact:

  • Resilient Supply Chain Sourcing  
    Technology leaders are reassessing sourcing strategies to reduce dependency risk, improve continuity, and ensure access to critical platforms and capabilities amid ongoing global disruption.
  • Integrated Organisational Resilience 
    Risk management is shifting from siloed technical controls to coordinated, enterprise-wide capabilities that link IT, security, and business response planning.
  • Multi-Agent Orchestration
    AI agents are evolving into interconnected systems, increasing productivity potential while raising new governance, oversight, and integration challenges for IT teams.
  • Smart Sensing Networks
    The convergence of IoT and edge intelligence is enabling faster, localised decision-making, while increasing demands on infrastructure, security, and data management.
  • AI as Adversary and Ally
    AI is simultaneously strengthening defensive capabilities while accelerating the scale and sophistication of cyber threats, forcing CIOs to rethink their security strategies and readiness.
  • Federated Data Governance
    Decentralised, domain-based data ownership models are gaining traction, requiring new approaches to automation, accountability, and cross-functional coordination.
  • Purpose-Built Platforms
    Organisations are moving away from general-purpose infrastructure in favour of platforms designed around specific business outcomes, increasing pressure to align architecture decisions to strategy.
  • Service as Software 
    AI-enabled automation is transforming services into continuously evolving software-driven capabilities, changing expectations around delivery speed, cost, and value measurement.

As part of the broader Info-Tech LIVE 2026 agenda, this featured session supports CIOs and senior IT leaders who are under increasing scrutiny to demonstrate clarity, accountability, and value delivery. By reframing trends as inputs to disciplined decision-making, the session helps leaders align technology investments with organisational capacity and business objectives, while maintaining flexibility as conditions continue to change.

Info-Tech LIVE 2026 in Brisbane will bring together CIOs, senior IT executives, and technology leaders from across the Asia-Pacific region for two days of research-driven programming. The conference will feature mainstage sessions, interactive breakouts, peer discussions, and one-on-one analyst meetings designed to help IT leaders move from strategy to execution in complex and fast-moving environments.

Additional sessions and speaker announcements will be released in the coming weeks. For more information about the event, please visit the Info-Tech LIVE 2026 in Brisbane page.

For exclusive and timely commentary from Info-Tech’s experts and full access to the Tech Trends 2026 report, please contact pr@infotech.com.

Media Passes for Info-Tech LIVE 2026 in Brisbane
Media professionals, including journalists, podcasters, and influencers, are invited to attend Info-Tech LIVE 2026 in Brisbane to gain exclusive access to research, content, and interviews with industry leaders and analysts for their audiences. 

Media professionals can apply for complimentary in-person passes by contacting pr@infotech.com.

About Info-Tech Research Group
Info-Tech Research Group is one of the world’s leading and fastest-growing research and advisory firms, serving over 30,000 IT, HR, and marketing professionals around the globe. As a trusted product and service leader, the company delivers unbiased, highly relevant research and industry-leading advisory support to help leaders make strategic, timely, and well-informed decisions. For nearly 30 years, Info-Tech has partnered closely with teams to provide everything they need, from actionable tools to expert guidance, ensuring they deliver measurable results for their organisations.

To learn more about Info-Tech’s HR research and advisory services, visit McLean & Company, and for data-driven software buying insights and vendor evaluations, visit the firm’s SoftwareReviews platform.

Media professionals can register for unrestricted access to research across IT, HR, and software, and hundreds of industry analysts through the firm’s Media Insiders program. To gain access, contact pr@infotech.com.  

For information about Info-Tech Research Group or to access the latest research, visit infotech.com and connect via LinkedIn and X.

Media Contact: Sufyan Al-Hassan, PR Director, Info-Tech Research Group, salhassan@infotech.com, +1 (888) 670-8889 x2418

Photo – https://laotiantimes.com/wp-content/uploads/2026/01/info_tech_research_group_tech_trends_2026__apac_cios_confront_ri-1.jpg
Photo – https://laotiantimes.com/wp-content/uploads/2026/01/info_tech_research_group_tech_trends_2026__apac_cios_confront_ri.jpg

Study demonstrates effectiveness and economic value of Myriad™ in trauma and acute care surgery.

AUCKLAND, New Zealand, Jan. 23, 2026 /PRNewswire/ — Aroa Biosurgery Limited is pleased to announce that the latest publication from its ongoing prospective study, the Myriad Augmented Soft Tissue Reconstruction Registry (MASTRR), has been published in the Journal of Trauma and Injury.

MASTRR is the largest ongoing prospective, multicenter observational study to collect patient data from the use of a bioscaffold in complex reconstruction. To date, over 450 patients have been enrolled.

The study, titled “Vascularized Tissue Coverage of Trauma and Acute Care Surgery Defects with Ovine Forestomach Matrix: Interim Results of a Prospective Multicenter Study”, evaluated the safety and effectiveness of Myriad Matrix and Myriad Morcells in trauma procedures.

The study reported on 49 patients, with a total of 61 defects, treated across four level one trauma centers in the United States.

These centers manage the most complex trauma cases, which are particularly challenging because the wounds often cover large areas and are frequently contaminated.

The study found that wounds treated with Myriad achieved full vascularized tissue coverage in a median of 22.5 days, often with just one product application, and with no device related complications reported.

The study also included a comparison of the cost and performance of Myriad with other bioscaffolds used in trauma reconstruction and acute care surgery (based on published data). The comparison shows that Myriad is less expensive per cm and is associated with key clinical outcomes which are at least equivalent to, or better than alternatives. The study is available online, here.

Participating Study Author and Trauma Surgeon, Dr. Michael Cormican says: “This prospective data provides validation to what we were already seeing in surgical practice, that Myriad offers a cost-effective solution to improve coverage and healing of complex trauma defects without adding risk to the patient.”

AROA CEO Brian Ward says: “We’re very pleased to see this third study published from our ongoing MASTRR study. The evidence underscores both the effectiveness of Myriad in complex trauma procedures, and its potential to lower the total cost of care for hospitals. With over 140,000 trauma procedures performed annually in the US, and a total addressable market of approximately US$450 million[1], this represents a sizable growth opportunity and is a strategic focus area for AROA.” 

This publication further strengthens the evidence base for the effectiveness, versatility, and economic value of AROA ECM™ in managing complex wounds. It joins more than 116 peer-reviewed studies demonstrating AROA ECM’s broad utility, including a November 2025 study in reconstructive surgery to treat pilonidal sinus disease, showing effectiveness, potential quality-of-life benefits, and cost savings.[2]

About AROA™

Aroa Biosurgery is a soft-tissue regeneration company committed to ‘unlocking regenerative healing for everybody’.

We develop, manufacture, sell and distribute medical and surgical products to improve healing in complex wounds and soft tissue reconstruction. Our products are developed from a proprietary AROA ECM™ technology platform, a novel extracellular matrix bioscaffold derived from ovine (sheep) forestomach.

Over 7 million AROA products have been used globally in a range of procedures to date, with distribution into our key market of the United States via our direct sales force and our partner TELABio, Inc.

Founded in 2008, AROA is headquartered in Auckland, New Zealand and is listed on the Australian Securities Exchange (ASX: ARX). www.aroa.com

[1] AROA management estimates

[2] Nasseri Y, Oka K, La K, et al. (November 13, 2025) Ovine Forestomach Matrix Graft Reduces Surgical Dehiscence in Fasciocutaneous Flap-Based Closure of Pilonidal Disease: A Comparative Study. Cureus 17(11): e96775. doi:10.7759/cureus.96775

 

Tradeify Announces Partnership with UFC Legend, Israel Adesanya

  • Adesanya joins Tradeify as Global Brand Ambassador
  • Announcement comes ahead of the UFC icon’s return to the octagon against Joe Pyfer at UFC Seattle on March 28
  • Partnership marks the second chapter of Tradeify’s Champion Mindset campaign

MIAMI, Jan. 23, 2026 /PRNewswire/ — Tradeify, the global trader evaluation platform, today announces a long-term partnership with UFC legend and two-time middleweight champion Israel Adesanya, who joins the brand as its new Global Brand Ambassador.

 

The Champion Mindset, Chapter II: Adaptability with Israel Adesanya

The partnership represents the second chapter of Tradeify’s Champion Mindset campaign, which celebrates the attributes required to succeed at the highest level — both in elite sport and in the financial markets.

As a two-time UFC middleweight champion, Adesanya is a natural fit for The Champion Mindset campaign. Nicknamed “Stylebender”, he is widely regarded as one of the most technically gifted and intelligent competitors in the sport’s history. His ability to think quickly, adapt strategy in real time and make split-second decisions under intense pressure mirrors the mindset required of successful traders around the world.

With a global fanbase spanning key markets including North America, the partnership enables Tradeify to connect with new audiences worldwide. As part of Tradeify’s mission to make trading more accessible, the brand will activate a series of MMA-themed initiatives, including an exclusive giveaway ahead of Israel’s comeback fight versus Joe Pyfer on March 28.

The collaboration comes at a pivotal moment in Adesanya’s career, as he prepares to return to the octagon and build on his legacy as one of mixed martial arts’ all-time greats. It also serves to strengthen Tradeify’s association with dominant global sports stars, following the announcement of its partnership with 2026 PDC World Darts Champion Luke Littler late last year.

Brett Simberkoff, Founder and CEO, Tradeify: “We are so excited to partner with Israel Adesanya. We’ve followed his career over the years and we’re now proud to support him as an official partner. There are few athletes who embody The Champion Mindset campaign as well as he does. Intelligence, adaptability, and strategic thinking have defined his career at the very top of the sport, and we’re proud to join him as he begins his journey back to where he belongs – the top of the middleweight division.”

Israel Adesanya, Tradeify Global Brand Ambassador: “I’m always looking for partners who match my ambition and understand what it takes to achieve sustained success at the highest level. Tradeify shares that mindset and I’m excited to join The Champion Mindset campaign and have them in my corner as I return to the octagon in Seattle.”

About Tradeify

Tradeify is a global trader evaluation platform that enables retail traders to demonstrate their abilities in simulated market environments and qualify for performance-based rewards. By removing high upfront costs, Tradeify makes trading more accessible for individuals looking to prove their skills and scale responsibly. The platform offers fast, transparent payouts and has paid out more than $120 million to traders worldwide.

Through a combination of proprietary technology, trader education, and an active global community, Tradeify supports independent traders in building disciplined, professional trading careers.

Learn more at tradeify.co/thechampionmindset

Israel Adesanya becomes the Global Brand Ambassador for Tradeify
Israel Adesanya becomes the Global Brand Ambassador for Tradeify

 

Video – https://mma.prnasia.com/media2/2867513/Tradeify_Champion_Mindset.mp4

 

Bybit and Block Scholes Find Crypto Derivatives Mostly Unfazed by Greenland Tensions and JGB Yield Shock

DUBAI, UAE, Jan. 23, 2026 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has released the latest Bybit x Block Scholes Crypto Derivatives Analytics report examining how recent geopolitical and interest rate shocks have shaped risk sentiment across digital asset markets.

Key findings:

  • Global risk sentiment weakened sharply following macro shocks.
  • Crypto prices declined but avoided disorderly selloffs.
  • Market leverage remains significantly lower than past peaks.
  • Implied volatility rose mainly in the near term.
  • Ethereum staking activity continues to expand.

The report notes that renewed tariff tensions between Europe and the United States related to Greenland, alongside a sudden spike in Japanese government bond (JGB) yields, weighed heavily on global markets over the past week. The outsized move in JGBs, which coincided with notable shifts in longer-dated U.S. Treasury yields, pressured risk assets broadly, including cryptocurrencies.

Bitcoin retreated from near $97,000 to lows around $87,000, while Ethereum fell from approximately $3,300 to about $2,800 before both assets recovered modestly. Despite the sharp macro-driven repricing, crypto markets remained relatively orderly compared with recent liquidation episodes.

A key factor behind this resilience has been the notable decline in leverage since the October 2025 liquidation cascade. Bitcoin perpetual futures open interest fell by close to $400 million over the past 24 hours, while aggregate open interest across major altcoins remains well below pre-October levels, reducing the risk of forced selling.

Derivatives positioning shows little evidence of widespread panic. Implied volatility rose primarily at short-dated maturities, reflecting heightened near-term uncertainty, while mid- and longer-dated tenors saw only modest increases. Overall volatility continues to trend lower from its late November 2025 highs.

“Cryptos are rebounding slightly after the Greenland and JGB scares earlier this week, refusing to capitulate despite the sudden deterioration in the macro environment,” said Han Tan, Chief market analyst at Bybit Learn. “Notably subdued leverage in the system likely capped the recent selloff, even as derivatives are not showing a marked increase in bearish positioning or a meaningful pickup in implied volatility.”

The report also highlights continued growth in Ethereum staking despite the unsettled macro backdrop. Increased institutional participation and applications for staking-enabled exchange-traded products are supporting demand, even as rising total stake has pushed staking yields below 3 percent.

Overall, the findings suggest that structural shifts in crypto market positioning have helped absorb macro-driven shocks, allowing digital asset markets to respond in a more measured and stable manner.

The full Bybit x Block Scholes report is available for download.

#Bybit / #CryptoArk / #BybitLearn

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 80 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media

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Tatu Coffee wins top Kenya quality awards

TATU CITY, Kenya, Jan. 23, 2026 /PRNewswire/ — Tatu Coffee Estates Limited has been awarded 1st and 3rd place in the Washed Arabica Category at the National Taste of Harvest Kenya 2025–2026 Awards, the country’s most prestigious competition for coffee quality.

From left: Mr. James Wanjohi, Director in charge of State Corporations, presents the 1st and 3rd Place awards in the Washed Arabica Category to John Sathya, CEO, Tatu Coffee Estates Limited; Faith Karimi, General Manager, Oaklands Coffee Marketing Limited;and Simon Nyamu, Chief Liquorer, Tatu Coffee Estates Limited, during the National Taste of Harvest Kenya 2025–2026, the country’s most prestigious coffee quality competition. Tatu Coffee is owned by Rendeavour, the developer of Tatu City Special Economic Zone.
From left: Mr. James Wanjohi, Director in charge of State Corporations, presents the 1st and 3rd Place awards in the Washed Arabica Category to John Sathya, CEO, Tatu Coffee Estates Limited; Faith Karimi, General Manager, Oaklands Coffee Marketing Limited;and Simon Nyamu, Chief Liquorer, Tatu Coffee Estates Limited, during the National Taste of Harvest Kenya 2025–2026, the country’s most prestigious coffee quality competition. Tatu Coffee is owned by Rendeavour, the developer of Tatu City Special Economic Zone.

The Washed Arabica category is widely regarded as the most competitive in the country, reflecting Kenya’s long-standing global reputation for premium specialty coffee. This dual recognition affirms Tatu Coffee’s position among Kenya’s leading producers and highlights the strength of its estate-based farming and processing model.

Tatu Coffee has more than 6,500 acres of coffee estates owned by Rendeavour, the developer of Tatu City Special Economic Zone, whose long-term investment strategy supports world-class agricultural practices and sustainable urban development. The scale of the estates allows Tatu Coffee to maintain full control over quality while producing volumes ideal for international specialty markets.

John Sathya, CEO of Tatu Coffee Estates, said, “For decades, Kenyan coffee has been known globally for its exceptional quality. Winning first and third place in the Washed Arabica category demonstrates that Tatu Coffee’s farming and processing approach delivers consistent, internationally competitive results. This recognition validates our teams’ work and our commitment to producing world-class Kenyan coffee while creating meaningful impact for our people and communities.”

The award-winning coffees were selected from Tatu Coffee’s regular production, demonstrating that the quality recognised by the judges is consistent rather than limited to special or experimental selections. The international jury praised the coffees for their complex notes of orange blossom, red berries, marmalade, and jam, highlighting the layered clarity, balance, bright acidity, and sweetness, which increased with extraction time.

Tatu Coffee focuses exclusively on the specialty coffee segment, supplying premium washed Arabica to roasters and buyers in Europe, the United States, the Middle East, and Asia-Pacific. The company serves discerning markets that value origin-driven quality rather than commodity-grade coffee.

The award underscores Tatu Coffee’s contribution to Kenya’s rural economy. Its estates provide thousands of permanent and seasonal jobs, generating significant employment and income in coffee-growing communities. This investment supports livelihoods, contributing to the resilience of Kenya’s coffee sector at a time when national coffee production has faced long-term decline.

All Tatu Coffee estates are Rainforest Alliance certified, with sustainability embedded across operations through water recycling, reforestation, ecosystem conservation, responsible waste management, and worker welfare initiatives. For green coffee sales and partnerships, contact info@tatucoffee.com.