In a landmark move for the crypto industry, President Donald Trump has signed an executive order to establish a dedicated working group focused on digital assets.

Trump has signed an Executive Order establishing the Presidential Working Group on Digital Asset Markets, a new initiative aimed at bolstering U.S. leadership in digital finance, according to Fox Business reporter Eleanor Terrett.

The Working Group will develop a Federal regulatory framework for digital assets, including stablecoins, while evaluating the feasibility of a national digital assets stockpile. 

Chaired by the White House AI & Crypto Czar, David Sacks, the group will include key officials such as the Secretary of the Treasury and the Chairman of the Securities and Exchange Commission, alongside other agency heads.

The Executive Order mandates collaboration with industry experts to ensure that cutting-edge insights beyond the Federal Government inform policies.

It also directs agencies to review and recommend changes to existing regulations that impact the digital asset sector. The order prohibits any Federal action to create or promote central bank digital currencies.

SEC crypto task force

In tandem with the executive order, the U.S. SEC announced the formation of a cryptocurrency task force. 

This group is charged with creating a regulatory framework that provides legal clarity for crypto assets, addressing longstanding industry concerns about ambiguous regulations.

The executive order also repeals the Biden Administration’s Digital Assets Executive Order and the Treasury Department’s international framework, citing concerns over their restrictive impact on innovation and U.S. economic competitiveness in global digital finance, according to Terrett.

U.S. President Donald Trump signed an executive order on Thursday to review the creation of a “National Digital Asset Stockpile,” according to Fox News.

• As reported by FOX Business White House correspondent Edward Lawrence and shared by partner Eleanor Terret, the executive order established a “Presidential Working Group” on digital assets.
• This group is tasked with “evaluating the creation of a strategic national digital assets stockpile,” as well as creating a federal regulatory framework for digital assets and stablecoins.
• It will be chaired by White House AI and crypto czar David Sacks, and include heads of the SEC, Treasury, and other relevant agencies. Among other things, it also bars federal agencies from taking action to establish, issue, or promote a CBDC.
• Finally, this executive order revokes the Biden administration’s crypto executive order, issued in 2022.
• Trump initially promised to create a “strategic national Bitcoin stockpile” in July, but has now seemingly expanded the scope of its inclusion to other digital assets.
• Senator Cynthia Lummis is pushing legislation to formally establish a Bitcoin reserve, and to have the U.S. government sell some of its gold stash to buy 1 million BTC.
• Trump has already shown openness to other coins personally, launching his own official memecoin last week on the Solana blockchain.

Recent developments suggest that crypto investors looking to catch the next quick 5x should be keeping an eye on the Dogecoin price. This is based on both technical and fundamental analysis, which proves that DOGE could record a 500% price surge from its current level. 

Analyst Predicts 500% Surge For The Dogecoin Price

In an X post, crypto analyst Javon Marks predicted a 500% surge for the Dogecoin price, representing a 5x increase from its current level. The analyst explained that Dogecoin is back showing strength, and by its historical performance, DOGE can be set for an over 432% gain at the least from its current level.

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Javon Marks further remarked that the Dogecoin price could rally above the 1.618 Fib extension, which is currently at $2.2. In line with this, the analyst added that market participants could still be early, considering that DOGE could witness a 5x price increase from its current level.

Crypto analyst Trader Tardigrade also recently predicted that the Dogecoin price could rally above $2. In an X post, the analyst stated that the meme coin had formed a bull flag on the 2-day chart. According to the analyst, this DOGE bull flag pattern puts a target of over $2 for the foremost meme coin. 

The crypto analyst had previously predicted that the DOGE price could even rally as high as $8 if it mirrors the 2017 bull run. He added that DOGE could also reach $30 if it mirrors the 2021 bull run. These projections further prove that the foremost meme coin could at least record a 500% price surge from its current level. Crypto analyst Master Kenobi has also previously predicted that Dogecoin could rally to $2 in this cycle and top around $3. 

Bullish Fundamentals Also Support A 5x Increase For DOGE

The Dogecoin price also boasts bullish fundamentals, which support a 5x increase from its current level. One of the fundamentals includes the potential launch of a Dogecoin exchange-traded fund (ETF) in the US. Asset manager Bitwise recently filed for a Dogecoin ETF in Delaware, indicating that an application with the US Securities and Exchange Commission (SEC) may be next.

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Asset manager REX Shares, in collaboration with Osprey, already filed with the SEC to offer a Dogecoin ETF. This is bullish for the Dogecoin price, considering the amount of institutional funds that could flow into the DOGE ecosystem if the SEC approves these funds. There is also a huge likelihood that the SEC will approve these funds, considering the pro-crypto climate under Donald Trump’s administration. 

It is also worth mentioning that there has been a huge accumulation trend among DOGE whales, which is also bullish for the Dogecoin price. IntoTheBlock data shows there has been a 41% spike in the meme coin’s large transactions, with $23.35 billion traded in the last 24 hours. Another bullish fundamental is Elon Musk’s Department of Government Efficiency (DOGE), which puts the foremost meme coin in the limelight. 

At the time of writing, the DOGE price is trading at around $0.35, down almost 4% in the last 24 hours, according to data from CoinMarketCap.

Featured image from iStock, chart from Tradingview.com

U.S. President Donald Trump has come through with an eagerly awaited executive order on crypto that directs his administration to establish friendly policies to put the industry on solid U.S. footing and work toward establishing a “digital asset stockpile.”

After years of courtroom combat with federal authorities, Trump’s order could allow the digital assets sector to move forward in the U.S. with a more welcoming framework set by the White House. Such orders are more of a beginning than an end in federal policy, but the pro-crypto president has taken that first step, Bloomberg reported Thursday.

When Trump had failed to issue it among his opening flurry of executive orders, crypto insiders grew increasingly tense about the new relationship he’s promised. But behind the scenes, leaders at the U.S. markets regulators — the Securities and Exchange Commission and Commodity Futures Trading Commission — were already prepping this week to move digital assets businesses out of the multi-year penalty box the previous agency officials kept them in.

Bitcoin and most altcoins have fallen this week even after Donald Trump’s inauguration to become the most crypto-friendly president in the US.

Bitcoin (BTC) price dropped to $101,000 on January 23rd, while popular meme coins like ai16z, Fartcoin, and Official Trump fell by over 20%. Other top laggards were coins like Lido DAO, Jupiter, Virtuals Protocol, and Hyperliquid. 

There are four possible reasons for the ongoing crypto retreat. First, economists expect the Bank of Japan to hike interest rates by 0.25% on Friday. This would bring the official cash rate to 0.50%, the highest level since 2008. 

The last BoJ rate hike occurred in August last year, leading to a sharp decline in cryptocurrencies and other assets. This was due to the unwinding of the Japanese yen carry trade. As such, another BoJ rate hike may trigger another drop, albeit at a smaller size.

Second, in line with this, Bitcoin and altcoins fell as traders waited for next week’s Federal Reserve interest rate decision. A hawkish tone may also lead to more weakness in the crypto industry since it would push government bond yields higher. 

Third, they have dropped because Donald Trump has not mentioned crypto since his inauguration. He has also not signed any executive order on cryptocurrency. This explains why the odds of him creating a strategic Bitcoin reserve have dropped to 40% on Polymarket.

The coins also dropped because of the popular practice of buying an asset ahead of a major event and then selling it when it occurs.

Risks of a Bitcoin price double top

Bitcoin has also formed the risky double-top chart pattern at $108,100.This pattern is made up of two peaks and a neckline and is usually a bearish reversal sign. The neckline in this case is at $89,305. By measuring the distance between the double-top and the neckline, the potential target for the coin is about $74,000.

Therefore, Bitcoin will remain on edge as long as it is below that double-top pattern. This will, in turn, affect other altcoins that often move in the same direction as Bitcoin.

Moving above the double-top point at $108,100 will invalidate the bearish view and point to more gains, potentially to the psychological level at $110,000.

[PRESS RELEASE – San Francisco, United States, January 22nd, 2025]

Boba Network has announced the integration of Nucleus, a protocol designed for blockchain networks. This collaboration enables users bridging ETH, Liquidity Staking Tokens (LSTs), or Liquidity Reward Tokens (LRTs) to the Boba Network to engage with Ethereum mainnet functionalities while accessing various DeFi protocols, gaming platforms, and NFT marketplaces

The partnership aligns with Boba Network’s focus on scalability and user-focused development. The integration of Nucleus expands Boba Network’s ecosystem offerings, highlighting advancements in cross-chain functionality and composable infrastructure.

Enhancing Results Through Cohesion

1. ETH, LSTs, or LRTs bridged to Boba Network are integrated into the network’s system, facilitating seamless interaction with decentralized applications. This approach aims to optimize user engagement without additional complexity.
2. This version removes promotional language and references to financial benefits, focusing solely on functionality.
3. Frictionless Cross-Chain Operations
4. Secure interchain messaging protocols connect Ethereum Mainnet and Boba Network, enabling efficient yield aggregation. The flow of assets and rewards benefits from streamlined coordination between chains.
5. Composable Infrastructure
6. Smart contracts empower cross-chain deposits, withdrawals, and liquidity management. This allows developers to build robust decentralized applications that incorporate Nucleus’s functionality without added complexity.

Boba Network as a Foundation for Innovation

Boba Network’s advanced capabilities support Nucleus’s goal of integrating core functionalities into blockchain ecosystems.

• HybridCompute™
• Off-chain data computation at scale lowers costs and boosts performance for yield-bearing protocols.
• Account Abstraction
• Simplified user interactions reduce onboarding barriers and enhance overall accessibility.
• Low Transaction Costs
• Lower fees support high-volume user participation and provide a cost-effective environment for dApp developers.

This synergy bolsters ecosystem capabilities, drives the adoption of decentralized technology, and sets the stage for new market opportunities.

Aligning with Nucleus’s Mission

By deploying on Boba Network, Nucleus aims to integrate core functionality across multiple crypto networks. This approach supports ecosystem participation by leveraging Boba Network’s features, including speed, cost-efficiency, and access to a range of decentralized applications.

What the Integration Brings

• For Users: Convenient access to a variety of applications within the Boba Network ecosystem.
• For Developers: Tools and resources for integrating advanced features into decentralized applications to support innovative product development.
• For Ecosystems: Increased network activity supported by integrated functionalities, contributing to the ongoing development of blockchain technology.

Setting a New Standard for Blockchain Networks

The collaboration between Nucleus and Boba Network aims to integrate advanced network functionalities as a core feature rather than an additional option. This integration seeks to enhance the accessibility and utility of blockchain technology, supporting broader adoption and facilitating advancements in decentralized finance and related fields.

Users can learn more about Nucleus on Boba Network and experience how this integration is redefining blockchain networks.

About Nucleus

Nucleus is a protocol designed to integrate core functionalities at the foundational layer of blockchain ecosystems. By streamlining cross-chain operations and providing developers with tools for integrating advanced features, Nucleus aims to enhance how users interact with Web3 technologies.

About Boba Network

Boba Network is a multichain Layer 2 solution designed for scalability, low transaction costs, and enhanced developer capabilities. Through innovations such as HybridCompute™ and account abstraction, Boba Network supports diverse dApps spanning DeFi, gaming, and NFTs, aiming to bring the next wave of users into the blockchain space.

Website: https://boba.network

Twitter: @bobanetwork

LinkedIn: https://www.linkedin.com/company/bobanetwork/

Although Bitcoin price action is still holding above the $100,000 price level, the past 24 hours have been highlighted by a 2.5% decline. According to liquidation data from Coinglass, this decline has seen $65.47 million worth of positions liquidated, with the majority ($54.10 million) being long positions. 

Crypto analyst Kevin (Kev_Capital_TA) noted a significant range between $96,000 and $111,000, calling it the most pivotal zone on Bitcoin’s liquidation heatmap. This zone could determine the market’s next trajectory after months of back and forth movement trading between this range.

Bitcoin’s Liquidity Heatmap Highlights Key Levels

According to Kevin’s analysis, which he posted on social media platform X, large liquidity blocks dominate the range between $96,000 and $111,000, which has created an important zone for Bitcoin traders to keep an eye on.

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Liquidity heatmaps visualize areas where buy and sell orders accumulate, often serving as potential reversal or breakout points. The presence of significant liquidity in this range suggests that the market could experience heightened volatility once Bitcoin approaches these levels, and inexperienced investors could be caught up in the price action.

The liquidity blocks within this range are highlighted in green in the Bitcoin price chart below. These green zones are high-activity zones that act as a magnet for price action. Notably, the largest liquidity cluster lies near $109,700, slightly above Bitcoin’s current all-time high of $108,786, achieved just three days ago. This proximity to this all-time high means that Bitcoin could undergo another strong price action once it reaches this level. There are many market participants with buy and sell orders here around $109,700.

Bitcoin Needs To Break Above its Prolonged Sideways Trading

Kevin also pointed out Bitcoin’s extended period of sideways trading, which has tested the patience of many investors. He noted that Bitcoin traded sideways for eight months at the end of 2024, followed by a brief surge in price, only to return to another three-month period of low volatility.

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Since then, however, the strong bullish momentum has yet to repeat itself. Although long-term holders may still be in profit, short-term traders are feeling the most strain from the lack of any substantial upward price action.

The first step in repeating bullish momentum would be to break above the upper end of the liquidation zone at $110,000. 

If Bitcoin breaches this range, it could trigger a significant rally or sell-off depending on the prevailing sentiment and trading activity within the zone.

However, the lack of liquidity beyond these levels also poses risks, especially below the lower end of the zone. The thinner orders means there isn’t enough hold up liquidity to reject a price breakdown.

At the time of writing, Bitcoin is trading at $102,200, down by 2.8% in the past 24 hours.

Featured image from Unsplash, chart from Tradingview.com

It took institutions over a decade to take bitcoin (BTC) seriously as an investment vehicle, even though well-known financial pioneers had embraced the largest cryptocurrency on the market years earlier.

But not even one year after the launch of the spot bitcoin exchange-traded funds (ETFs) which saw adoption from pension funds, hedge funds and even universities, one issuer is taking it a step further.

The latest filings with the Securities and Exchange Commission aim to bring meme coin ETFs — such as those tracking dogecoin (DOGE) or U.S. President Donald Trump’s Trump coin (TRUMP) — to the market.

This isn’t just a bold move because DOGE and TRUMP are far less established and legitimate tokens, especially in Wall Street’s eyes, but meme coins provide no actual utility, unlike bitcoin or Ethereum’s ether (ETH). Their value simply comes from how much people believe it is worth making the launch of an ETF tracking the coins an ethical debate.

“Opinions vary greatly on the value of meme coins. I fail to see their long-term value, but others have different opinions,” said James Angel, faculty affiliate at Georgetown University’s McDonough’s Psaros Center for Financial Markets and Policy. “However, a sponsor of an ETF based on meme coins needs to be very careful in the marketing of the ETF. It would be highly unethical to market such an ETF as a prudent investment vehicle.”

Steve McClurg, former CEO of Valkyrie and founder Canary Capital, a hedge fund that has applied for several non-meme coin crypto ETFs, said he is personally not a fan of memecoin ETFs and that while the firm considered filing an application, it ultimately decided not to.

“I don’t know how you can be a fiduciary who runs an ETF knowing that the basis of your underlying [asset] is meant and designed to go to zero,” he said. Although meme coins aren’t technically designed to go to zero, they are highly susceptible to collapsing once the hype around them dies down.

Nevertheless, he believes that memecoin ETFs will eventually be approved. The former SEC under Chair Gary Gensler, who resigned on Monday after Trump became President, has so far approved several spot bitcoin and Ethereum ETFs but refused to acknowledge a potential Solana (SOL) ETF, for which several issuers had filed initial documents.

More than 30 other applications are still pending, three of them being tied to memecoins.

“It’s very hard for the SEC where the President chooses the commissioners to deny a meme coin put out by the President,” he said.

Meme coins have long divided the crypto community. Some find them fun to trade, as they can quickly bring in a large profit through so-called pump-and-dumps, but others find them troubling, especially when issued by the country’s president.

“Call me old fashioned but I think presidents should focus on running the country and not launching scam tokens,” said Nic Carter, crypto influencer and venture capitalist, in a post on X. Carter has been a vocal Trump supporter.

Carter believes that there are multiple conflicts of interest when presidents start or run a business, let alone launch a cryptocurrency or DeFi protocol that they set policy for. Newly inaugurated President Donald Trump last year introduced a crypto lending platform called World Liberty Financial.