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OSL Research Daily Brief | Jan 29, 2026
Jan 29, 2026
Jan 29, 2026
1
Gold and Silver hit new highs while Fidelity launches FIDD stablecoin; global regulation advances as the US and Asia push for clearer crypto laws.

1. BTC and ETH saw a mild rebound, trading sideways at lows. Gold and silver continued their strong rally, with gold surging 2.24% to approx. $5,536/oz and silver hitting fresh all-time highs. The Crypto Fear & Greed Index remains in the "Fear" zone, while the DXY strengthened slightly. The Fed announced maintaining the federal funds rate cap at 3.75%, with markets expecting a rate cut in June.

2. The White House will hold a closed-door meeting next week with banking and crypto executives to discuss advancing stalled key crypto legislation, specifically regulations regarding stablecoins paying interest to users.

3. Fidelity Investments launched its Ethereum-based FIDD stablecoin, supporting 24/7 institutional settlement and on-chain retail payments, backed by cash and short-term U.S. Treasuries.

4. Crypto PAC Fairshake has increased its funding to approximately $193 million, with new donations primarily from Ripple and Andreessen Horowitz, targeting the 2026 midterm elections.

5. The SEC has explicitly categorized tokenized securities into issuer-led and third-party-led types, noting that third-party products may introduce additional risks and apply stricter regulatory rules.

6. South Korea's Democratic Party has finalized the name of its virtual asset bill as the "Digital Asset Basic Act," planning to submit it before the Lunar New Year. It requires stablecoin issuers to have at least 5 billion KRW in capital and establish a virtual asset committee.

7. Japan's Financial Services Agency (FSA) has opened a public consultation on draft implementation rules regarding cryptocurrencies, electronic payment instruments, and financial institutions, with a deadline of February 27, 2026.

8. A report by HSBC states that Coinbase withdrawing support for the U.S. crypto market structure bill will not halt its progress, predicting the bill may grant the CFTC regulatory authority over spot commodities.

9. Ethereum announced that the ERC-8004 standard is coming to mainnet soon, supporting AI agent cross-organization interaction through discovery mechanisms and portable reputation.

10.Bitcoin's network hashrate plummeted from approx. 1.16 ZH/s to 690 EH/s due to U.S. winter storms, marking the largest drop in history, before rebounding to 859.17 EH/s.

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