Crypto Morning Post, January 20th | Gold and Silver Break Historical High Again | The New York Stock Exchange launches tokenization trading | Privacy sector erupts against the trend ️ TL; DR (too long to read): At the macro level, risk aversion has surged, and Trump's tariffs have boosted the sustained ATH of gold and silver, putting short-term liquidity pressure on the cryptocurrency market 。 But the industry's infrastructure has reached a milestone, with the New York Stock Exchange (NYSE) entering the 7 × 24-hour tokenization trading market, and traditional financial institutions are accelerating their "on chain" efforts 。 Today's core focus: Macro risk aversion: Trump threatens to impose European and Canadian taxes, spot gold approaches $4700, silver surges nearly 5%, and the siphon effect of safe haven assets is evident. Traditional financial entry: NYSE plans to launch a tokenized securities platform that supports stablecoin settlement, and the Bermuda government collaborates with Coinbase to promote a "fully on chain" economy. Market hot topics: Privacy sector (Dash/Dusk) pulls against the trend; The Magic Eden repurchase plan has been criticized for being difficult to support market value. Risk Warning: Rug Pull, the Trove project owner, experienced a 97% drop in market value, becoming the first runaway project in 2026. The main text is as follows: