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Crypto News
The cryptocurrency market remains under pressure, with losses spreading across most major tokens and sectors as the broader correction continues. Bitcoin down 1.38% to $88,131, while Ethereum has fallen 1.97% to $2,948.5. Overall, sector indices reflect a market struggling to find direction amid persistent selling pressure.
White House Summons Coinbase, Banks to Hash Out Crypto Bill
Lobbying groups and executives representing the banking and crypto industries are planning to meet at the White House on Monday as tempers flare over a contentious piece of digital-asset legislation.
The proposed meeting comes after Coinbase Global Inc.’s Chief Executive Officer Brian Armstrong publicly withdrew his support for a key draft of a long-awaited bill that would reshape crypto market structure.
Tokenized Stocks Lean on Single Broker as Alpaca Emerges as Key Execution Venue
The tokenized stocks sector is becoming increasingly dependent on a single brokerage, according to The Information. California-based broker-dealer Alpaca has emerged as the dominant execution venue, as few traditional brokers are willing to sell shares to tokenization firms. Projects including Ondo Finance, Kraken’s xStocks, and Dinari reportedly route user orders to Alpaca, which purchases the underlying equities that back their stock-linked tokens. The concentration highlights both the rapid growth of tokenized equities and the persistent reluctance of much of the brokerage industry to engage with onchain stock products.
SEC Confirms Tokenized Securities Fall Squarely Under U.S. Securities Laws
The U.S. Securities and Exchange Commission has clarified that tokenized securities remain subject to federal securities laws, regardless of their onchain format. In guidance published Wednesday by multiple SEC divisions, the agency said a tokenized security is any financial instrument already defined as a “security” under U.S. law that is represented or recorded via a crypto network.
As a result, such assets carry the same registration, disclosure, and compliance obligations as traditional securities. The move is part of the SEC’s broader effort to establish a clearer token taxonomy as lawmakers work on a crypto market structure framework, reinforcing the long-held view that “tokenized securities are still securities.”
Crypto Crime Hits $158B in 2025 – But Illicit Use Keeps Falling, Says TRM
A new report by blockchain intelligence company TRM Labs showed that crypto-related crime had a record nominal value in 2025, albeit that the proportion of illicit activity in the wider digital asset economy kept dropping as a whole.
The report estimates that the volume of illegitimate cryptocurrencies had risen to $158 billion in 2025, 145% higher than the figure of a year ago, which was $64.5 billion.
Source: TRM
Bitcoin & Ethereum Spot ETF Flow
The overall net outflow of the US Bitcoin spot ETF on Thursday was $19.64 million. The total net asset value of Bitcoin spot ETFs is $115.35 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.48%.
Source: SoSoValue
The Bitcoin spot ETF with the highest net outflow on January 28 was iShares Bitcoin Trust, with a net outflow of $14.18 million, according to SoSoValue.
Source: SoSoValue