Daily Crypto Briefing – January 29, 2026

Crypto markets faced significant pressure today as Bitcoin dropped to two-month lows below $85,000, triggering over $800 million in liquidations. Meanwhile, regulatory developments continue to shape the industry's future with new cooperation between the SEC and CFTC.

Top Stories

Bitcoin Crashes to $84K, Triggering $800M in Liquidations

CoinJournal reports Bitcoin fell below $85,000 and touched a low of $84,250, with total liquidations hitting $804 million over the past 24 hours. The crash came amid broader market volatility affecting both crypto and traditional assets.

SEC and CFTC Launch "Project Crypto" Initiative

The Block reports the CFTC is joining forces with the SEC on "Project Crypto," an initiative aimed at modernizing cryptocurrency regulation. The collaboration signals unprecedented cooperation between the two agencies as Congress works on digital asset legislation.

Andre Cronje's Flying Tulip Raises $75.5M at $1B Valuation

The Block reports Flying Tulip, a new DeFi platform founded by Andre Cronje, has raised additional capital through a mix of private and public token sales. The funding values the project at $1 billion, marking Cronje's return to the DeFi space.

Bitcoin's Quantum Risk Called "Long-Dated and Manageable"

The Block reports Benchmark analysts pushed back on quantum computing panic, stating only a subset of bitcoin would be vulnerable in a future quantum scenario. The firm emphasized the threat remains distant and manageable with proper preparation.

Regulation

Paul Atkins Becomes First SEC Chair to Speak at Bitcoin Conference

CryptoBriefing reports Atkins' participation signals growing regulatory interest in crypto, potentially leading to more defined frameworks and industry legitimacy.

Senate Agriculture Committee Advances Crypto Market Structure Bill

CryptoBriefing reports the advancement highlights ongoing partisan divides, potentially impacting future regulatory clarity and innovation in the crypto industry. The bill passed without bipartisan support.

Tether Supports Stablecoin Yield Ban, Distances from Coinbase

CryptoBriefing reports Tether's stance may reshape stablecoin regulations, potentially altering competitive dynamics and influencing future crypto market policies.

Russia Plans Crypto Regulatory Framework by July 2027

The Block reports Russia will roll out comprehensive crypto regulations allowing both qualified and retail investor participation, with retail purchases capped at $4,000.

Markets

Gold and Silver Slide After Record Highs

CryptoBriefing reports gold and silver slid after record highs as profit-taking erased trillions in value amid a broader selloff across stocks and crypto markets.

Coinbase Launches Kalshi-Powered Prediction Markets

Decrypt reports leading American crypto exchange Coinbase has launched its own prediction markets offering, powered by Kalshi, across the United States.

Chiliz Price Drops 15% Amid Altcoin Pullback

CoinJournal reports Chiliz (CHZ) price fell sharply on Thursday, with a more than 15% plunge sending prices to lows of $0.046 as Bitcoin's weakness pressured altcoins.

Crypto Stocks Continue Decline

CoinDesk reports bellwether crypto exchange Coinbase was lower for an 8th straight session on Thursday to its weakest level since May.

Technology

Ethereum Turns DAO Hack Funds into $220M Security Endowment

CryptoBriefing reports Ethereum is turning unclaimed DAO hack funds into a $220M security endowment to fund audits, staking yields, and infrastructure protection.

OpenAI Considers World's Eye Scanning Technology

CryptoBriefing reports OpenAI explores biometric social verification using iris-scanning and face ID on its new platform, sparking a 25% rise in World token.

AIOZ Pin Pushes to Keep Web3 Files Permanently Online

Decrypt reports AIOZ Pin replicates data into multiple, independent copies that are tamper-proof, meaning it will stay accessible for years to come.

Ethereum Launches ERC-8004 to Combat Rogue AI Agents

CryptoSlate reports Ethereum announced ERC-8004 is heading to mainnet, positioning the network as neutral infrastructure for AI trust verification.

DeFi

Aero DEX Aims to Fix Liquidity Fragmentation

CoinDesk reports the rollout of Aero, targeted for Q2 2026, will take direct aim at incumbents like Uniswap and Curve.

Optimism DAO Passes OP Buyback Proposal

The Block reports the plan could redirect millions of dollars worth of Optimism protocol revenue "to align the OP token" with the Superchain.

1inch Team Vows Tokenomics Review

The Defiant reports the 1INCH token tanked after on-chain data showed millions of dollars in sales from early investor wallets.

Quick Hits

• Robinhood invests in crypto trading platform Talos at $1.5B valuation - CoinDesk
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