Nike exits Web3 and strategy shares jump this morning. You're watching CoinDesk Daily. I'm Jen Sennassie.

Nike has officially offloaded its NFT subsidiary artifact. The Footwear Giant quietly sold the digital

studio on December 16th, marking the final chapter of a high-profile

Web 3 experiment that began during the 2021 boom.

While the buyer and the price tag remain a mystery, the move is a clear signal from new CEO

Elliott Hill since taking the helm Hill has pivoted the company away from its metaverse

and back to its core physical sports business.

The exit comes as the broader NFT market continues to cool.

Marketplace X2Y2 is winding down, and NFT Paris recently scrapped its 2026 events.

Strategy shares jumped 3% as of market open after index provider MSCI decided not to exclude companies holding large Bitcoin treasuries from its global indexes.

In a relief for the sector, MSCI, stated that distinguishing between investment assets

and operating assets requires further research, effectively pausing a rule change that could

have cost billions in passive capital inflow. Bitcoin briefly rose following the major win for

the digital asset treasury

companies. The largest crypto by market cap has since retreated to below $92,000. And Binance is

letting crypto traders bet on heavy metal, launching silver perpetual futures with up to 50x leverage

starting on Wednesday. The new contract allows users to trade silver against USDT, capitalizing on a trend where precious metals have significantly outperformed digital assets.

Silver saw staggering 147% rally in 2025, while Bitcoin ended the year down 5%. This follows Binance's recent debut of gold futures, signaling that the exchange is aggressively diversifying into commodities.

Traders can now use their crypto collateral to access the $4,300 gold market and nearly $80

silver market without leaving the crypto ecosystem. That's it for CoinDesk Daily. Get more updates

on CoinDesk.com, and we'll see you next time.