The chancellor has failed to say whether she supports the construction of a third runway at Heathrow, which campaign groups have called “catastrophic” and “irresponsible”.

Rachel Reeves had reportedly been considering the expansion of the west London hub, as well as Gatwick and Luton airports, during a speech on growth next week.

But when asked in the Commons on Tuesday about the rumours, which were initially reported by Bloomberg, Ms Reeves replied: “I’m not going to comment on leaks”.

Plans to increase passenger capacity at the three London airports have prompted a furious reaction from environmental groups.

Jenny Bates, transport campaigner at Friends of the Earth, called the proposal for another runway at Heathrow “hugely irresponsible in the midst of a climate emergency”.

Alethea Warrington, from climate charity Possible, agreed: “Approving airport expansions would be a catastrophic misstep for a government which claims to be a climate leader.”

The prime minister’s spokesperson told Sky News: “The government is determined to get the economy growing, any airport expansion must demonstrate it contributes to economic growth and fits with environmental obligations.”

London mayor Sadiq Khan has been a fierce critic of attempts by Heathrow to build a third runway in west London, on the basis of the impact on air quality, noise and net-zero targets.

Despite construction receiving parliamentary approval in 2018, the plans have been delayed by legal challenges and the coronavirus pandemic.

A spokesperson for Heathrow would not comment on reporting about a third runway, but said “growing the economy means adding capacity at the UK’s hub airport which is full”.

In a statement to Sky News, the airport added it was “looking at potential options to deliver a third runway at Heathrow in line with strict tests on carbon, noise and air quality”.

Transport Secretary Heidi Alexander has a deadline of 27 February to make a decision on a second runway at Gatwick, which would effectively involve modifying an existing taxiway.

Gatwick’s majority owners, VINCI Airports, said the £2.2bn project would create 14,000 jobs and generate £1bn a year in economic benefits.

In a statement to Sky News, CEO Stewart Wingate said the airport in West Sussex could “be a major part of the government’s drive for growth”.

“We have put forward a strong and compelling case focused around making best use of our existing infrastructure, minimising noise and environmental impacts,” he said.

Read more from Sky News:
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Deadly hotel fire in Turkey
Pauline Quirke reveals dementia diagnosis

But Communities Against Gatwick Noise and Emissions (CAGNE) insisted they would legally challenge any second runway.

Meanwhile, Luton Airport, owned by the local council in Bedfordshire, has applied to build a new terminal and asked for permission to increase its passenger numbers to 32 million a year. It carried about 16.7 million in 2024.

The airport’s CEO, Alberto Martin, suggested it would bring more jobs and long-term local benefits.

He described the expansion plans as fully aligning “with the government’s sustainable growth agenda by making best use of existing infrastructure”.

But Andrew Lambourne, from anti-noise campaign group LADACAN, described the prospect of expansion at Luton as “reckless folly”.

“We had hoped the Labour government understood what responsible economic sustainability means – but clearly not,” he told Sky News.

Dr Alex Chapman, senior economist at the New Economics Foundation (NEF), also suggested the suggested growth benefits of UK airport expansion don’t stack up.

He added: “The massive climate damage caused by these schemes will create deep physical and economic hardship for millions and will wipe out any benefit from the government’s other climate policy efforts almost overnight.”

How to watch Samsung’s Galaxy Unpacked 2025.

Samsung’s Galaxy Unpacked event kicks off at 1PM ET. We’re expecting the Galaxy S25, Galaxy S25 Plus, and Galaxy S25 Ultra, but Samsung may have a few surprises. Who knows? We’ll also have a story stream with all the news from San Jose, California, if you want to follow along.

Metacade Crypto has experienced a significant increase in user adoption, attracting over 100,000 active players participating in Play-to-Earn activities on the platform.

This gaming ecosystem combines gameplay with cryptocurrency rewards, positioning Metacade at the forefront of a new gaming era.

By delving into the platform, users can explore a space where gaming, creativity, and community empowerment intersect to influence the future of gaming.

Metacade is reshaping the gaming landscape by introducing new rules that aim to create a more inclusive and rewarding gaming environment.

Key Takeaways

• Metacade combines gameplay with cryptocurrency rewards, engaging over 100,000 active players in Play-to-Earn activities.
• Led by Russell Bennett, a prominent figure in the GameFi industry, Metacade is committed to promoting inclusivity, innovation, and community governance.
• Strategic partnerships with industry leaders like Metastudio, CertiK, and blockchain protocols like Polygon enhance game development, platform security, and community engagement.
• Metacade offers token utility through deflationary tokenomics, staking rewards, content creation mechanisms, NFT integration, and community involvement, promoting true ownership of in-game content and rewards.

Who are the founders of Metacade

Metacade is led by Russell Bennett, a prominent figure in the GameFi industry known for promoting inclusivity, innovation, and community governance. Alongside a team of dedicated founders, Metacade has established a platform that rewards players with MCADE tokens and supports developers through initiatives like Metagrants.

The founders have demonstrated their commitment to transforming the gaming sector through strategic partnerships with industry leaders such as Metastudio and CertiK, enhancing Metacade’s standards and global reach.

The founders of Metacade aim to cultivate a diverse ecosystem where both players and developers can prosper. Their vision includes transitioning the platform into a fully decentralized autonomous organization (DAO) by Q4 2024, promoting community-driven and transparent governance.

Plans to introduce a jobs dashboard, NFT marketplace, and implement DAO governance reflect the founders’ dedication to positioning Metacade as a pioneering force in the crypto gaming landscape.

How does Metacade work

Metacade operates as a gaming platform that integrates blockchain technology to offer play-to-earn opportunities and facilitate game funding within its ecosystem. By leveraging Web3 technology, Metacade aims to unite gamers and blockchain enthusiasts in a transparent and secure environment.

The platform enables users to participate in activities such as playing games, creating content, and engaging in community governance through voting on funded games.

Through the use of blockchain technology, Metacade ensures fair play and rewards participants with native tokens. The platform incentivizes active engagement by offering MCADE tokens to players and contributors, thus encouraging community involvement.

Additionally, Metacade provides developers with a platform to showcase their creations, access funding through initiatives like Metagrants, and connect with a global audience of gamers and blockchain enthusiasts.

What are Metacades Strategic Partnerships

Metacade has established strategic partnerships with industry leaders such as Metastudio and CertiK to enhance game development and platform security within its ecosystem.

Collaboration with Metastudio aims to maintain an innovative and engaging gaming experience on the Metacade platform. Similarly, partnerships with CertiK focus on ensuring high-level security measures and auditability to create a safe gaming environment for users.

These partnerships play a significant role in improving the overall quality and success of the Metacade platform. By working closely with blockchain protocols like Polygon, Metacade is actively contributing to the advancement of the GameFi sector, promoting innovation, and expanding its global presence.

Through these collaborations, Metacade isn’t only committed to offering exceptional gaming experiences but also emphasizes community engagement, platform security, and the progression of GameFi.

How does the Community influence the Development and Governance of Metacade

Active participation in the community has a direct impact on the development and governance of Metacade. The community’s engagement is essential in shaping the platform’s direction to cater to the needs and preferences of gamers.

Feedback, suggestions, and involvement from community members influence the decision-making processes related to new features, games, and governance structures within Metacade. By fostering a collaborative environment for sharing ideas and discussions, the community becomes a significant contributor to the platform’s success.

Together, community members and enthusiasts play a vital role in shaping the development roadmap and governance policies of Metacade, ensuring its continued relevance and inclusivity within the gaming ecosystem.

What innovations is Metacade bringing to the world of GameFi

Metacade is introducing several innovations to the GameFi sector, aiming to transform gaming experiences.

One notable feature is the implementation of Play-to-Earn (P2E) models, leveraging blockchain technology to enable players to earn rewards while engaging in gameplay. This approach aligns with the current GameFi trend and creates a virtual environment where users can earn through their gaming activities.

In addition to P2E models, Metacade offers unique features such as Create-to-Earn and Compete-to-Earn, enhancing user engagement and ownership within the platform. These features contribute to fostering a sense of community and incentivizing creativity among players.

Furthermore, Metacade’s emphasis on community governance and inclusivity distinguishes it as a forward-thinking platform in the gaming sector. By prioritizing user input and engagement, Metacade is paving the way for a more inclusive and participatory gaming experience.

Looking ahead, Metacade’s plans to transition to DAO governance, introduce a jobs dashboard, and launch an NFT marketplace demonstrate its commitment to innovation and growth. These initiatives signal potential opportunities for investment and further development within the gaming ecosystem.

What are the new horizons for Metacade in 2024 and beyond

Metacade is strategically positioned to expand its presence in the gaming industry by leveraging its gamefi platform. The platform aims to offer a variety of play-to-earn opportunities for players, enhancing engagement through dynamic challenges and real-world rewards. By fostering a decentralized gaming environment, Metacade envisions creating a virtual community where gamers can connect, compete, and collaborate.

In addition to player-focused initiatives, Metacade is committed to supporting game developers through its builder quarter. By providing essential tools, resources, and support, the platform seeks to empower developers to innovate and bring their game concepts to fruition in the Web3 landscape. This strategic approach is geared towards nurturing creativity and driving growth within the gaming ecosystem.

Furthermore, Metacade is exploring potential collaborations with esports organizations to further enhance its offerings and reach. By aligning with key players in the esports industry, Metacade aims to strengthen its position as a leading gaming hub, catering to a diverse audience of players and developers.

Looking ahead, Metacade anticipates a projected price growth of 200% in the coming year, signaling its potential to redefine the future of gaming. With a focus on sustainable growth and community engagement, Metacade is poised to shape the gaming landscape in 2024 and beyond.

Why is Metacade considered an Attractive Investment in the Cryptocurrency and Gaming Sector

Metacade stands out as an attractive investment in the cryptocurrency and gaming sector due to its strategic positioning within the gaming industry and its innovative initiatives for players and developers. The platform’s alignment with the GameFi trend offers opportunities for play-to-earn and create-to-earn models, catering to crypto enthusiasts interested in such developments.

Metacade’s decentralized decision-making process ensures community involvement and governance, fostering a sense of ownership among participants.

Additionally, the platform’s focus on deflationary tokenomics, staking rewards, and content creation mechanisms enhances its appeal as an investment opportunity at the intersection of cryptocurrency and gaming.

Where to Buy Metacade

Metacade tokens, known as MCADE, can be purchased on popular cryptocurrency exchanges such as Binance and Coinbase. These tokens serve as the gateway to the Metacade ecosystem, which offers a variety of gaming experiences and real-world rewards. By acquiring MCADE tokens, users can access the Play-to-Earn, Create-to-Earn, and Compete-to-Earn models within the Metacade arcade.

Trading MCADE on exchanges like Binance and Coinbase allows individuals to engage with the Metacade community, explore its unique offerings, and contribute to the advancement of the gaming industry.

Frequently Asked Questions

How Much Is Metacade Coin Worth Today?

Today, the worth of Metacade coin is $0.006763, experiencing a 2.80% decrease.

How Can I Earn Through Metacade?

To earn through Metacade, dive into fast-paced challenges, epic competitions, and strategy battles for real-world rewards via gameplay. Developers can unleash creativity to shape the Web3 landscape. Metacade fosters innovation, inclusivity, and community governance.

What Is a Metaverse in Crypto?

In the crypto world, a metaverse refers to a virtual reality space where users can interact, play games, socialize, and engage in various activities. It offers immersive experiences and opportunities for creativity and exploration.

What Is the Total Supply of Metacade Coins?

Imagine a treasure trove with 2 billion MCADE coins awaiting discovery. You’ll be amazed at the possibilities that await in this digital adventure.

Conclusion

Metacade Crypto is an emerging platform in the gaming industry that aims to bring innovation and community-driven governance to the gaming landscape.

Founded by visionary individuals, Metacade Crypto has formed strategic partnerships to enhance its offerings and create a unique GameFi experience for users.

The platform provides opportunities for growth and investment, attracting individuals interested in the intersection of gaming and finance.

By participating in Metacade Crypto, users can engage with a community that’s shaping the future of gaming through collaborative decision-making.

Other Cryptocurrencies you should explore

Galaxy Fox Crypto, Ponke Crypto, IronFish Crypto, XCAD Crypto and Kujira Crypto.

Angel Marinov is the Managing Editor at Coinlabz. With extensive knowledge of crypto payments and blockchain use cases, Angel is a trusted source of accurate and timely information

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Your guide to what the 2024 US election means for Washington and the world

Donald Trump has warned Vladimir Putin that the US is ready to punish Russia with a barrage of new trade restrictions if Moscow fails to reach an agreement soon to end the war in Ukraine.

Trump’s statement in a Truth Social post on Wednesday comes as the president tries to ratchet up pressure on Moscow to launch negotiations with Ukraine.

It marks his first broad statement about the conflict since he returned for his second term in the White House after promising on the campaign trail to end the war within 24 hours of returning to power.

“If we don’t make a ‘deal,’ and soon, I have no other choice but to put high levels of Taxes, Tariffs, and Sanctions on anything being sold by Russia to the United States, and various other participating countries,” Trump wrote.

“Let’s get this war, which never would have started if I were President, over with! We can do it the easy way, or the hard way — and the easy way is always better,” he continued.

Joe Biden’s administration imposed sweeping sanctions on Moscow after it launched its full-scale invasion of Ukraine in February 2022. US trade with Russia has since plummeted, so any additional tariffs would have a limited impact.

But Trump administration officials believe there are more ways that the US could tighten the screws on Russia financially, particularly by targeting its energy sector.

The Biden administration was reluctant to ban Russian oil and gas exports for fear of disrupting global energy markets. Under the former president, Washington imposed some restrictions on liquefied natural gas projects in Russia and set an international price cap for Russian oil, which Moscow has managed to circumvent.

During his confirmation hearing to be Trump’s treasury secretary, Scott Bessent last week told Congress that he would be “100 per cent on board for taking sanctions up, especially on the Russian oil majors, to levels that would bring the Russian Federation to the table”.

Bessent added that he believed the US sanctions on Russia set by Biden were “not fulsome enough”.

Trump, who has been sceptical of US military aid to Ukraine, said he expected to meet Putin soon and the Kremlin has said the Russian leader is ready to sit down with the US president, but no summit has been scheduled.

In his post, Trump touted his “very good relationship with President Putin” and said he was not looking to “hurt” Russia, but would be doing it a “favour” by pushing it to reach a deal.

Hours after being sworn in on Monday, Trump told reporters in the Oval Office that Putin was “destroying Russia” by continuing to wage war in Ukraine.

But the president’s announcement reveals his frustration that Moscow does not appear to be listening to his calls for a settlement.

“Putin doesn’t want to end the war, and doesn’t want to be pressured to peace,” a senior Ukrainian official close to President Volodymyr Zelenskyy told the Financial Times in response to Trump’s comments.

Trump’s special envoy for the Ukraine war, Keith Kellogg, told Fox News earlier this month he hoped to find a solution within “100 days”.

Kellogg had postponed a trip to hold meetings with top officials in Kyiv earlier this month, according to people with knowledge of the plans. The people said the envoy delayed his visit because Trump had not formulated a plan to get the Russians to the negotiating table and bring the war to an end.

Kellogg is expected to visit Kyiv next month but the Ukrainians may first meet him and other members of Trump’s team in Washington.

David Arakhamia, head of Zelenskyy’s party’s faction in the Ukrainian parliament, said a delegation from Kyiv was planning to meet with members of the new administration in the US capital in the coming days.

“Active contacts between the delegation from the Ukrainian parliament and the new Trump team may begin in early February as part of the ‘Ukrainian Week’ to be held in Washington,” he told Ukrainian television on Tuesday.

Billionaire Elon Musk and OpenAI CEO Sam Altman are fighting on X about Stargate, the enormous infrastructure project to build data centers for OpenAI across the U.S.

Stargate, announced Tuesday during a press conference at the White House, would funnel as much as $500 billion from investors including SoftBank and Middle East AI fund MGX into data centers to support OpenAI’s AI workloads. Partners in Stargate have initially pledged $100 billion, some of which is being put toward a data center under construction in Abilene, Texas.

Elon Musk claims that Stargate doesn’t have the money it says it does.

“The don’t actually have the money,” Musk wrote in a series of posts on X on Tuesday. “SoftBank has well under $10 billion secured. I have that on good authority.”

SoftBank has well under $10B secured. I have that on good authority.

— Elon Musk (@elonmusk) January 22, 2025

Musk, of course, is not a neutral party. He has his own AI company, xAI, that competes — and is currently embroiled in a lawsuit — with OpenAI. In the suit, xAI and Musk accuse OpenAI of anticompetitive practices, including discouraging investors in OpenAI from backing AI rivals.

Altman fired back at Musk in an X post Wednesday — and called his bluff.

“Wrong, as you surely know,” Altman said, responding to Musk’s allegation that SoftBank was short of capital. “[Stargate] is great for the country. I realize what is great for the country isn’t always what’s optimal for your companies, but in your new role, I hope you’ll mostly put America first.”

wrong, as you surely know.

want to come visit the first site already under way?

this is great for the country. i realize what is great for the country isn’t always what’s optimal for your companies, but in your new role i hope you’ll mostly put 🇺🇸 first.

— Sam Altman (@sama) January 22, 2025

Musk is spearheading the Department of Government Efficiency (DOGE), a U.S. government advisory commission recommending deep cuts to federal agencies. DOGE was made more official Monday by an executive order signed by President Donald Trump, but the commission faces a number of legal challenges.

xAI, like OpenAI, is hungry for infrastructure to develop its AI systems. Musk’s company is estimated to have spent $12 billion on its single data center in Memphis, Tennessee, and could spend billions more upgrading the facility.

Asked about Musk’s X posts during an interview at the World Economic Forum in Davos, Satya Nadella, CEO of Microsoft, a close OpenAI collaborator and investor, declined to weigh in. “All I know is, I’m good for my $80 billion,” he said, referring to Microsoft’s recent pledge to spend a record amount on AI data centers this year.

Transitioning to TON Blockchain

The announcement, shared with Telegram’s massive global user base of over 950 million active users, highlights the company’s focus on standardizing its blockchain operations. According to the TON Foundation, this move aims to create a more consistent experience while enhancing security. 

As part of this transition, all Mini Apps and games within Telegram that involve cryptocurrency features must migrate to the TON blockchain. Developers using other blockchains like Sui (SUI) or Aptos (APT) will need to adapt quickly, as Telegram has set a strict deadline for compliance.

In addition to this, TON Connect will now serve as the sole wallet integration protocol for Telegram’s Mini Apps. Exceptions will only be made for bridging scenarios. This exclusivity ensures that developers follow unified standards, further simplifying the user experience.

Rekindling the TON Partnership

Telegram’s partnership with TON has an interesting history. Originally developed by Telegram, the TON project encountered regulatory hurdles in 2020, leading to its handover to independent developers. Since then, the TON Foundation has significantly advanced the blockchain. Their efforts have culminated in features like the TON Wallet app, crypto games, and Toncoin (TON) as an in-app currency. This rekindled relationship signals a renewed commitment to expanding Telegram’s crypto ecosystem through TON.

Telegram also aims to use TON for other innovative projects, such as tradable NFTs, which could be used as in-app stickers. This project represents a new step forward for the platform in terms of exploring new possibilities in blockchain technology and increasing user engagement.

Incentives for Developers

To facilitate the transition to TON, the TON Foundation is offering financial support. Projects that migrate within 30 days are eligible for grants of up to $50,000. However, there is a caveat—projects that previously received grants from the Foundation are not eligible for this support. This grant program reflects the Foundation’s commitment to ensuring a smooth migration for developers.

Addressing Security Concerns

Security concerns are a major factor driving this decision. Reports from Scam Sniffer have highlighted a 2,000% rise in crypto phishing attacks on Telegram since late 2024. Scammers have exploited the platform’s open nature to target unsuspecting users. By centralizing blockchain activity under TON, Telegram aims to curb these risks. The exclusivity arrangement allows Telegram to enforce stricter security standards across Mini Apps, potentially reducing scams and bolstering user trust.

Telegram founder Pavel Durov mentioned the improvement in protection against scamming, hinting at the partnership with TON. Such a unified blockchain framework would not only improve Telegram’s efficiency but also ensure protection for its users.

Challenges and Criticism

Despite its advantages, the exclusivity deal has drawn criticism. Developers who rely on blockchains other than TON face significant challenges in meeting the 30-day migration deadline. For many, this tight timeline may require substantial effort to adapt their applications, leading to frustration.

While the partnership between Telegram and TON sets the stage for a more integrated and secure ecosystem, the transition is not without hurdles. The decision reflects a forward-thinking approach but also underscores the challenges of adapting to a rapidly evolving blockchain landscape. For Telegram users and developers alike, the shift to TON represents both opportunity and adjustment.

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Bitcoin hit a new all-time high in anticipation of Trump’s inauguration and prioritization of crypto, however the event disappointed many traders. BTC has since corrected to $105,000 on Tuesday. US-based crypto assets could face volatility in the weeks ahead if the Bitcoin strategic reserve and other promises made pre-election are left unfulfilled. 

Bitcoin missing from the agenda on Trump’s first day

President Donald Trump assumed the oval office on January 20, post his inauguration event. While crypto market had pinned their hopes on an executive order or declaration of crypto as a national “priority” on the first day the crypto President takes office, it was a disappointing day for pro-crypto audiences. 

Bitcoin (BTC) retreated from its all-time high above $109,000 and settled close to $105,000 on Tuesday. Top altcoins ranked by market capitalization, Ethereum (ETH) and XRP (XRP), wiped out their recent gains alongside Bitcoin. 

President Trump signed over 80 executive orders on their first day back in office while Bitcoin was missing from action. The crypto President promised a Bitcoin strategic reserve and pro-crypto policy and regulation, responding to campaign donations from Political action committees powered by crypto firms and protocols in the US. 

It remains to be seen whether a Bitcoin strategic reserve will materialize in the US, or take priority over a slew of other changes to the world’s largest economy. 

The crypto market observed $816 million in liquidations as Trump missed Bitcoin and pro-crypto action on day one in office. Farside Investors data shows institutional investors grew increasingly optimistic about Bitcoin in the last few days of the week, as markets remained close on Monday, traders should keep their eyes peeled on inflows to U.S. based Spot Bitcoin ETFs on January 21, Tuesday. 

President Trump’s crypto-friendly appointments to key positions like the Treasury and Securities and Exchange Commission (SEC) could help support the sector overall, helping market capitalization hold steady above $3.75 trillion.

Top 5 tokens trending in the U.S.

While crypto markets wait for Trump to nudge the industry towards clearer policy and regulation soon after his inauguration, the top three tokens trending in the U.S. are Official Trump (TRUMP), Melania Meme (MELANIA) and Department of Government Efficiency (DOGE). Bitcoin ranks fifth in popularity and 24-hour trade volume, as recorded by CoinGecko. 

Even as Official Trump (TRUMP) and MELANIA (MELANIA) slipped lower post the inauguration event, on-chain intelligence trackers have identified large wallet investors buying the dip in the two meme tokens. This indicates the buyers expect a recovery in the tokens. 

Analysts at The Block identified a token that gained from the rising popularity of the meme tokens and noted that the TRUMP memecoin launched on Jan 17, climbing to a $75 billion fully dilated valuation within 48 hours. This marks a 10,000 times price surge in TRUMP. 

MELANIA memecoin launch on Jan 19 while TRUMP price dropped nearly 50%. Following the two meme token launches, Solana’s (SOL) the total value of assets locked jumped to $3.5 billion, over a 41% increase in TVL within 48 hours. 

While SOL ranks fourth in popularity in the U.S., the token continues to gain from meme coin launches and consecutive increase in user activity on its blockchain. 

What to expect from Solana, Bitcoin and XRP

Solana’s weekly price chart shows signs of further gains in the token. SOL is 20% away from its peak of $295.83. The closest support zone is the Fair value gap between $223.18 and $229.44. The Relative strength index reads 60, below the overvalued level at 70 and the moving average convergence divergence indicator flashes green histogram bars above the neutral line. 

MACD indicates underlying positive momentum in SOL price trend on the weekly timeframe. 

The outlook for Bitcoin and XRP remains positive. Bitcoin hovers close to its all-time high of $109,000 and the largest cryptocurrency could target the 127.2% Fibonacci retracement level at $125,080. This marks over 18% gain in BTC price. 

The RSI and MACD, two key momentum indicators, support a bullish thesis for Bitcoin. RSI reads 69 and is sloping upwards. 

XRP could rally another 25% and extend its gains to enter price discovery at $3.9815, the 141.40% Fibonacci retracement level of the rally to the altcoin’s all-time high. Both RSI and MACD support a bullish thesis for the altcoin. 

RSI shows XRP is currently overvalued, however MACD shows positive underlying momentum. Traders should watch MACD for signs of a trend reversal and XRP could find support at $2.6977, the 50% Fibonacci retracement level of the rally to $3.4000. 

Experts optimistic on Trump’s effect on crypto

David Morrison, Senior Market Analyst at Trade Nation, told Crypto.news in an exclusive interview:

“There was widespread disappointment across the crypto sector as the new President made no mention of either a US crypto reserve, or of deregulation. Bitcoin had soared to a record high early yesterday morning on the expectation of some sort of support from President Trump, and following the release of the $TRUMP token on Friday night. 

But traders quickly bailed out of their speculative longs as Mr Trump declined to comment. Yet actions speak louder than words. President Trump’s exceedingly crypto-friendly appointments at the Treasury and Securities and Exchange Commission (SEC) should help support the sector overall.”

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Morrison remains optimistic on gains in crypto during the Trump administration. 

James Toledano, COO of Unity Wallet, notes that over $816 million in long positions and $307 million in shorts were liquidated, indicating a high-risk environment where traders were over-leveraged on both bullish and bearish bets in a very frothy market. 

The liquidations have stemmed not only from excessive market leverage and speculative positioning leading up to the inauguration but also from Trump’s omission of Bitcoin in his speech at the event.

Toledano told Crypto.news that:

“While Polymarket estimates a 56% chance of an executive order within Trump’s first 100 days, meaningful crypto policy changes take time and require coordination with the Federal Reserve and regulatory bodies. 

Price surges around major political events are often rooted in speculative narratives and wishful thinking rather than concrete policy shifts. The market’s volatility underscores a need for tempered expectations and a focus on long-term fundamentals over speculative milestones.”