OSL Research Daily Brief | Jan 20, 2026

1. BTC stabilizes near $92,000 amidst low-level consolidation; Gold and Silver hit record highs; RMB surges.

2. NYSE plans to file with the SEC for a new "tokenized securities trading + on-chain settlement" platform, targeting 24/7 trading for US stocks and ETFs.

3. Fed independence faces a key lawsuit: The Supreme Court to hear oral arguments on Trump's attempt to fire Fed Governor Cook.

4. The Government of Bermuda announces a partnership with Coinbase and Circle to advance a "fully on-chain" national economy.

5. The Reserve Bank of India proposes promoting digital currency interoperability among BRICS members for cross-border payments.

6. CME FedWatch: 95% probability of maintaining current interest rates in January.

7. Wintermute: The traditional "crypto four-year cycle" is failing as capital concentrates in top assets and institutional channels.

8. ETH on-chain usage hits records while Gas remains low; 7-day average transaction volume nears 2.5 million, with stablecoin transfers accounting for ~35-40%.

9. Bitcoin hashrate falls below 1 ZH/s to a four-month low; miners may pivot to AI/HPC under profit pressure.

10. Tether partners with licensed Laotian exchange Bitqik to promote stablecoin and Bitcoin education.

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