Daily Market Wrap | Jan. 29

Hot Topics

• Universal Digital launches USDU, the UAE's first Central Bank-registered USD stablecoin for digital asset settlement.
• Russia plans to implement a comprehensive crypto regulatory framework in July 2027, allowing limited retail participation.

Market Updates

• JPMorgan says weaker dollar isn't boosting Bitcoin gains, as it's treated as a risk asset rather than a hedge like gold.
• Crypto PAC Fairshake has amassed over $193 million for the 2026 midterms, including recent Ripple and a16z donations.