PANews reported on January 29th that, according to SoSoValue data, the overall cryptocurrency market showed a general downward trend. Bitcoin (BTC) fell 0.80%, dropping below $89,000; Ethereum (ETH) fell 0.62%, dropping below $3,000. Only the AI, RWA, and CeFi sectors remained relatively resilient, rising 1.81%, 0.98%, and 0.33% respectively. Within the AI sector, Worldcoin (WLD) rose 18.91%, and Kite (KITE) rose 16.09%. Within the RWA sector, Pendle (PENDLE) and Sky (SKY) rose 3.51% and 2.62% respectively. In the CeFi sector, Binance Coin (BNB) rose 0.20%.
In other sectors, the Layer 2 sector fell 0.27% in the last 24 hours, but Mantle (MNT) rose 2.41%; the Layer 1 sector fell 0.42%, but Canton Network (CC) bucked the trend and rose 6.39%; the PayFi sector fell 0.45%, but Trust Wallet (TWT) rose 1.82%; the DeFi sector fell 0.62%, but Jito (JTO) surged 20.44%; the Meme sector fell 1.46%, and PIPPIN (PIPPIN), which surged yesterday, saw a correction, falling 19.66%.


Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more