Market Update - Thursday, January 29

- Gold continues to rise above $5,500, while Bitcoin remains in a sideways range between $88,000 and $89,000. Altcoins are also stagnant.

- The Federal Reserve has maintained interest rates after three consecutive cuts of 0.25%. They noted that inflation remains high and unemployment rates are stabilizing.

- Former President Trump has sent a naval fleet to Iran, aiming to initiate negotiations on nuclear weapons.

ETF Spot Update as of January 28

- No new data available.

- The White House will hold a closed meeting with banking and crypto leaders on February 2 to address the stablecoin interest payment impasse in the CLARITY bill.

- The SEC and CFTC chairpersons will meet publicly at 2 AM tomorrow (Vietnam time) to discuss crypto regulatory coordination.

- The SEC has categorized tokenized securities into two types: self-issued (like traditional securities) and third-party issued (subject to stricter regulations).

- Fidelity has launched the FIDD stablecoin on Ethereum, compliant with the GENIUS Act for operations in the U.S.

- The $WLD token surged 40% following rumors of Sam Altman collaborating with World and OpenAI on a new project.

- Optimism has approved a proposal to use 50% of Superchain fee revenue for a buyback of $OP over the next 12 months.

- Strive has acquired an additional 334 BTC and has paid off 92% of its inheritance debt from the Semler Scientific acquisition, now holding 13,132 BTC valued at $1.17 billion.