加密城市 Crypto City

SEC and CFTC sign a Memorandum of Understanding, both sides declare the end of the regulatory turf war

The two major financial regulatory agencies in the United States: the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are迎coming to an unprecedented cooperative turning point. At a joint agency event held on January 29, SEC Chairman Paul Atkins and newly appointed CFTC Chairman Mike Selig jointly announced that the two sides would sign a Memorandum of Understanding (MoU) to formally establish a coordinated regulatory framework for the cryptocurrency industry.

The largest ETF manager in Hong Kong, Hang Seng Investment Management Limited, has launched the 'Hang Seng Gold ETF' (Stock Code: 3170), which is listed on the Hong Kong Stock Exchange today (29th) and is the first ETF in Hong Kong that can be redeemed for physical gold at banks. Hang Seng Investment indicated that it will consider adding tokenized non-listed fund unit options for this ETF in the future, which is expected to become Hong Kong's first tokenized ETF not based on money market.

The 'Hang Seng Gold ETF' opened at 18.4 HKD today and closed at 17.44 HKD, an increase of 9% compared to the issue price of 16 HKD per unit.

According to reports, the 'Hang Seng Gold ETF' closely tracks the performance of gold prices in the London Bullion Market Association (LBMA) in the morning (before costs and expenses) and provides investors with the option to redeem physical gold at Hang Seng Bank. The physical gold trading process, gold storage, and physical redemption are all conducted in Hong Kong.

金管會：台商已開始收付穩定幣

據《聯合報》、《工商時報》報導，金管會副主委莊琇媛在昨日（1/29）透露，雖然涉及穩定幣監管的《虛擬資產服務法》尚未通過立法院審議，但隨著穩定幣在跨國交易市場日益普及，台灣目前已有許多進出口貿易廠商開始實際收付穩定幣。

她指出，當貿易商手中累積的穩定幣數量逐漸增加時，基於對傳統金融體系的高度信賴，這些廠商勢必會尋求與傳統金融機構對接，以處理後續的資金存放問題。

台商從國外取得的資金以美元錨定的穩定幣為主，因此會優先尋找台灣可信賴的金融機構進行存放。對此，銀行業者也開始思考相關商機，目前已有好幾家銀行正在「默默練兵」，準備以提供保管服務，作為切入虛擬資產市場的第一步。

莊琇媛認為，針對供應鏈支付需求，未來國內也將產生台幣穩定幣的需求，她看好金融機構在專法通過後，能提供法幣與穩定幣「無縫接軌」的服務，協助跨境營運廠商提升效率。

相關報導：
台幣穩定幣要來了？金管會：先讓金融機構發行，未來或開放VASP業者

虛擬資產服務法待審議，穩定幣怎麼管？

關於穩定幣的監管方向，在去年立法院舉辦的《虛擬資產服務法》公聽會中，各界雖有深入討論，但在立法細節上仍有分歧。

央行業務局局長謝鳳瑛當時強調，穩定幣目前雖主要作為虛擬市場交易媒介，交易金額佔比超八成，但也逐漸進入實體經濟提供支付服務。

而作為支付用途的穩定幣，應遵循相同業務、相同風險、相同規範的原則，比照現行電子支付機構管理條例進行監管，以避免監管套利及不公平競爭。

圖源：立法院議事直播中央銀行業務局局長謝鳳瑛在《虛擬資產服務法》公聽會上發言

但其他產官學人士則呼籲，立法要更細緻與彈性。睦章管顧創辦人鄭學豐律師就建議，主管機關應明確區分穩定幣與商業支付活動的授權規範，並細緻區分業務模式，以降低產業合規成本。

台灣金融科技協會名譽理事長蔡玉玲也表示，立法設計應採母法授權、子法細分的方式，在防制詐騙與促進產業發展之間取得平衡。

金管會再回應境外平台、資產保管問題

昨日金管會證期局局長高晶萍也再度解釋有關境外無牌加密貨幣交易所，以及虛擬資產保管的監管問題。

從《加密城市》之前整理的台灣合法虛擬資產服務商（VASP）名單來看（鴻朱已從 1/30 起停業），並沒有台灣幣圈投資人常用的幣安、OKX 等境外交易所的身影，這讓大眾擔憂是否無法可管。對此高晶萍強調，依據現行洗錢防制法規範，無論是境外還是境內平台，在台從事相關業務必須通過核准。

金管會證期局副局長黃仲豪也曾表示，未來《虛擬資產服務法》通過後，業者必須取得許可才能進行業務招攬，未經許可招攬將視為違法。

在資產保管方面，金管會證期局局長高晶萍指出，考量熱錢包遭駭風險較高，金管會已發布函令要求業者核心系統需符合資安認證，且客戶虛擬資產必須有一定比例放置於冷錢包中。

原則上以市值計算，冷錢包比例不得低於 85％，若以客戶別持有數量計算，則不得低於 75％，藉此強化對投資人的財產安全保障。近日台灣交易所 HOYA BIT 熱錢包遭攻擊事件中，客戶便因為此條規範而受益，資產不受影響。

相關報導：
HOYA BIT熱錢包遭攻擊！強調用戶資產安全，再回應3大社群質疑

『台灣穩定幣貿易進行式！金管會：台商開始收付穩定幣，終將對接傳統金融』這篇文章最早發佈於『加密城市』

The dawn of new policies and the driving force of the Trump administration

The Chairman of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, stated clearly in an interview with CNBC yesterday (1/29) that the timing is right to include crypto assets in 401(k) retirement accounts.

As early as August 2025, President Trump signed a historic executive order aimed at removing barriers to including alternative assets such as Bitcoin ($BTC) and private equity funds in traditional retirement plans. The core goal of this directive is to open new thresholds for the over $12.5 trillion retirement market, allowing millions of American workers to pursue higher potential returns through diversified investments.

Regarding the long-debated positioning of 'tokenized securities' between Wall Street and the cryptocurrency industry, the SEC has officially released regulatory guidance, emphasizing that even if tokenized securities are issued and circulated in the form of blockchain, the nature of these on-chain assets has not changed, and they will still fall under SEC jurisdiction.

The U.S. SEC's Division of Corporation Finance, Division of Investment Management, and Division of Trading and Markets mentioned in guidance released on Wednesday that tokenized securities are merely a 'change in form' rather than a 'change in substance.' As long as they meet the federal securities laws' definition of 'securities,' they must adhere to registration, disclosure, and other compliance obligations just like traditional stocks and bonds. The U.S. SEC pointed out:

After nearly 10 years of silence, The DAO's funds are transforming into a security fund.

The DAO, which triggered the largest governance and security crisis in Ethereum's history in 2016, is now rumored to return to the core of the ecosystem in a new form. According to community news and relevant sources, the Ethereum Foundation and founder Vitalik Buterin support the integration of the remaining funds that were not claimed back then, to establish a security fund called 'The DAO Security Fund', with a scale of about 75,000 Ether ($ETH), currently valued at approximately 220 million USD.

The DAO was hacked and lost about 36 million Ether, ultimately leading to the Ethereum hard fork, splitting the network into Ethereum and Ethereum Cash. Today, the assets that were once used for edge refund scenarios are seen as resources that can be transformed into long-term enhancements for network security, rather than continuing to sit idle in contracts.

Hong Zhu sudden announcement, operation will be completely stopped by the end of January

Domestic digital asset service provider Hong Zhu Digital announced on its official website yesterday (1/29) that it will cease operations starting January 30, 2026, with all transactions and services only available until today at 17:00. The company explained that this decision is related to recent changes in government regulatory policies and adjustments in overall operational strategy, made after careful evaluation by the management.

Image source: Hong Zhu Digital Hong Zhu Digital 'Cease Operations' announcement

The announcement emphasized that for contracts and projects that have not yet been completed, various departments will proactively contact partners to settle, change, or terminate procedures according to the original agreement, and the finance department will handle receivables and payables uniformly. The company also provides a dedicated email as a contact window during the cessation of operations, showing its desire to maintain basic order and trust during the exit process.

According to a report by Bloomberg, Elon Musk is evaluating the possibility of integrating his business empire, considering a merger between aerospace giant SpaceX and electric vehicle leader Tesla, or opting for a consolidation of SpaceX with artificial intelligence company xAI. This move reflects Musk's attempt to strengthen his global technological competitiveness through vertical integration, combining space communications, energy storage, and AI computing technologies. Although there is currently no final decision and the companies involved have not officially responded, the newly established legal entity in Nevada has sparked strong expectations for merger activities.

Diving night! Gold, tech stocks, and Bitcoin all dropped.

From last night to this morning (1/30), global financial markets encountered turbulence, with tech stocks, gold, and cryptocurrencies all falling simultaneously.

Affected by disappointing earnings reports from tech giants like Microsoft, the Nasdaq index in the U.S. plummeted over 2%, dragging Bitcoin below $84,000, hitting the lowest point since November last year.

Due to Microsoft's single-day plunge of over 12%, the largest drop since March 2020, market risk appetite rapidly deteriorated. The total market value of cryptocurrencies evaporated by about 7% in just 24 hours, sliding from $3.1 trillion to $2.79 trillion.

The Senate Agriculture Committee strongly advances the bill, with party differences causing a stalemate.

The U.S. cryptocurrency regulatory framework has made significant strides in the legislative process. The Senate Agriculture Committee held discussions on Thursday regarding parts of the Digital Asset Market Structure Bill, also known as the CLARITY Act. Ultimately, it passed the draft text under the full support of Republicans with a vote of 12 to 11, and it was officially submitted to the full Senate.

This bill mainly aims to clarify the Commodity Futures Trading Commission's (CFTC) regulatory authority over the cryptocurrency industry and digital commodities. Although the bill successfully passed, the voting strictly followed party lines, with no Democratic members casting votes in favor, highlighting the significant divide between the two parties on regulatory details.

Amazon lays off 16,000 people, totaling 30,000 layoffs over six months.

Amazon has confirmed it will cut about 16,000 administrative and corporate positions, marking the second wave of large-scale personnel reductions since last October.

If we calculate the two rounds of layoffs in the past six months, Amazon has cut approximately 30,000 positions. Although this is only a small portion of the 1.58 million employees worldwide, according to analysis by Reuters, this round of layoffs is mainly focused on the corporate side, accounting for about 10% of its administrative and technical workforce, making it the largest in the company's 30-year history.

Beth Galetti, Amazon's Senior Vice President of Human Resources, revealed that the layoffs are intended to strengthen the organization's structure, with specific strategies including reducing management levels, increasing accountability, and eliminating bureaucracy.

(Fearless of Bulls and Bears: The Survival Rules of Cryptocurrency) This article has garnered 2.33 million views on Twitter. The author, Pickle Cat, bought his first Bitcoin in 2013 and has since gone through multiple cycles. He candidly states that in this circle, the definition of 'winning' has never been about how much money you make. Everyone who has come into contact with this circle has at least made money once, no matter how inexperienced they are or how small their capital is; they can all become a temporary genius.

'Winning' means you have made money and, years later, can still hold onto that money. This is not a competition about who earns the most or who doubles their money the fastest, but rather who can survive until the end. After 1011, he began to reflect after communicating with several friends who have survived multiple cycles: Why do some people manage to survive in this cyclical bloodbath while others can only return empty-handed? How can one maintain hope during the painful bear market? And what must you do to become the person described above? Additionally, clarify in this article:

Ethereum AI infrastructure: ERC-8004 is about to officially launch on the mainnet

Ethereum announced on January 28, 2026, a secure interaction standard ERC-8004 designed specifically for AI agents. This proposal, first introduced in August 2025, aims to address the challenge of collaboration between different developers and enterprises building AI agents in open environments. ERC-8004 establishes a decentralized and permissionless economic system, enabling AI agents to act as independent economic participants. AI agents can perform various tasks through this standard, ranging from low-risk activities like ordering pizza to high-risk cases such as medical diagnosis.

South Dakota in the United States has once again seen a legislative attempt to include Bitcoin in public sector asset allocation. A state legislator recently proposed a new bill advocating for the state government to invest a portion of public funds in Bitcoin, attempting to reignite the legislative efforts that failed last year.

South Dakota Republican Representative Logan Manhart formally submitted House Bill 1155 on Tuesday, which aims to amend the public investment regulations in South Dakota, authorizing the State Investment Council to allocate up to 10% of qualified state government funds to Bitcoin. Investment methods include direct holding of spot, through compliant custodians, or purchasing regulated ETP products (such as Bitcoin spot ETFs).

Messaging software WhatsApp has recently faced lawsuits in various countries, accusing its 'end-to-end encryption (E2EE)' mechanism of being virtually useless, sparking intense discussions in the privacy and technology fields. With Telegram founder Pavel Durov and Tesla CEO Elon Musk speaking out in succession, the question of 'who is really safe' has once again come to the forefront.

User privacy alarm: Does WhatsApp lack end-to-end encryption?

Bloomberg points out that this lawsuit was filed by several WhatsApp users from Australia, Mexico, and South Africa, who accuse WhatsApp of falsely claiming to have end-to-end encryption, emphasizing that employees at its parent company Meta can easily access any user's chat content through simple internal processes.

Integrating acquisition technology, Ripple Treasury creates a new operating system for corporate finance

Corporate blockchain developer Ripple officially launched the Ripple Treasury platform on January 28, 2026, declaring its entry into the global corporate financial management market, which has a scale of up to 120 trillion dollars. The core of this strategic move lies in integrating the financial management software service provider GTreasury, which the company acquired for 1 billion dollars in October 2025, combining 40 years of enterprise-level professional experience with digital asset infrastructure.

Image source: Ripple Ripple officially announced the Ripple Treasury platform

The buy-and-hold strategy has sparked controversy, with Zhao Changpeng accusing the community of launching a coordinated attack.

Yesterday (1/28), Binance founder Zhao Changpeng (CZ) publicly responded to the surge of negative comments on the X platform, characterizing this public opinion storm as a 'Coordinated Attack'.

Image source: X/@cz_binance founder Zhao Changpeng publicly stated that he is facing a 'Coordinated Attack'.

The trigger for this dispute can be traced back to January 25, when Zhao Changpeng shared his personal trading insights, pointing out that in his years of observation, very few trading strategies can defeat the 'Buy and Hold' method, which he also noted is his personal preference. Although he later added that this does not constitute financial advice, the statement quickly ignited fierce criticism from numerous accounts in the crypto community (CT).

Standard Chartered has released a new report warning that as stablecoins become more prevalent, the traditional banking system is facing severe structural challenges. It is estimated that by the end of 2028, up to $500 billion in deposits could escape U.S. banks in favor of stablecoins.

Geoffrey Kendrick, the Global Head of Digital Assets Research at Standard Chartered, stated that as payments and core banking accelerate towards blockchain-based alternatives, the risk profile is becoming increasingly clear. He specifically pointed out that the current deadlock in Congress regarding the Digital Asset Market Clarity Act is a microcosm of the struggle between old and new financial forces. He noted, "This issue has already put major banks and Coinbase at odds with each other."

Forbes revealed that OpenAI plans to launch a community platform only for real users.

According to (Forbes) reports, insiders have disclosed that OpenAI is discreetly developing a brand new community platform and considering the introduction of biometric technology to ensure that users are all 'real people' rather than robots.

Insiders have pointed out that OpenAI's community project is still in the very early stages of development, managed by a team of fewer than 10 people.

It is understood that this development team is evaluating the requirement for users to provide proof of personhood through Apple's Face ID or the World (formerly Worldcoin) iris scanning device 'Orb', which is operated by Tools for Humanity, a company co-founded by OpenAI CEO Sam Altman.

Fidelity Digital Dollar is expected to go live in early February, marking its first foray into native stablecoin issuance.

Global asset management giant Fidelity Investments officially announced on January 28, 2026, that it will launch a stablecoin named 'Fidelity Digital Dollar' in the coming weeks, with the code $FIDD. The token will be issued by its federally regulated subsidiary, Fidelity Digital Assets National Association (FDA, NA).

$FIDD targets individual investors and institutional entities, planning to officially launch on the Ethereum mainnet in early February. This traditional financial institution, managing assets worth $6 trillion, is taking an important step in the digital asset industry, becoming one of the first traditional financial institutions to issue its own digital dollar. Mike O’Reilly, president of Fidelity Digital Assets, pointed out that this product will provide instant and around-the-clock settlement services, along with low-cost asset management benefits.