In today’s episode of the Crypto Daily Download, we discuss several key developments in the cryptocurrency landscape. White House crypto czar David Sacks is set to host discussions with banking and crypto trade groups, including Coinbase, to address ongoing tensions regarding the ability of crypto platforms to pay interest on stablecoin balances. This comes amid concerns from banks about the competitive threat posed by these proposals.
We also highlight the performance of bitcoin, which has reached its lowest price, experiencing a nearly 11% decline in January alone. This marks its fourth consecutive monthly drop, the longest losing streak since 2018. Additionally, we note that nearly $590 million in bullish bets were liquidated over the weekend, reflecting a worsening risk sentiment as broader markets in Asia declined.
The episode further touched on the connection between the crypto market and traditional markets, particularly in light of falling metal prices, which have impacted leveraged bets on blockchain versions of gold, silver, and copper. Despite a previous surge driven by Chinese demand and optimism around energy transitions, metals are experiencing a downturn.
On a more positive note, we report on the growth of tokenized stocks, which surged nearly 3,000% last year, approaching the $1 billion milestone. Recent developments from the SEC and DTCC indicate that regulatory frameworks for tokenized securities are beginning to take shape, with a new report revealing that tokenized stocks reached approximately $960 million in market value as of January 2026. Jane King with the latest from the NYSE.