The U.S. Securities and Exchange Commission published a new Staff Accounting Bulletin Thursday withdrawing its controversial SAB 121.

SAB 121 directed banks and other public companies that they had to mark any customers’ crypto assets on their own balance sheets. SAB 122 “rescinds the interpretive guidance” and instead directs firms to use Financial Accounting Standards Board rules or International Accounting Standard provisions.

Donald Trump’s return ignites a crypto bull run, with meme coin XYZ set for a 99,900% surge, surpassing past performers.

Trump’s inauguration sparks crypto surge: XYZ meme coin set for 99,900% growth

Donald Trump’s return to the political spotlight has sent shockwaves through the crypto market, paving the way for an unprecedented bull run. While established coins scrape by with modest gains, meme coins are stealing the limelight with jaw-dropping potential.

Recent performers like PNUT with its 4,500% climb and FRED’s 6,000% explosion have faded into memory, unable to sustain their momentum. But the crypto world thrives on evolution, and a new contender has entered the arena, ready to redefine profit potential. Meet XYZ, the meme coin phenomenon set to obliterate records with a meteoric 99,900% surge.

XYZ: The new king of meme coins

XYZ isn’t just another meme coin — it’s a game-changer for sports and crypto enthusiasts. Built for true competitors, XYZ is the ultimate token for those who live for the thrill of winning.

As Trump reshapes the market dynamics, XYZ steps into the ring as the coin for fearless investors. With its sports-driven identity and relentless growth, XYZ is here to dominate, leaving weaker tokens in the dust.

Presale gains signal monumental potential

The XYZ presale is already a roaring success:

• Launch Price: $0.0001
• Current Price: $0.002 (+2,000% increase)
• Next Stage: $0.0025 (+25%)
• Final Goal: $0.1

With a planned 99,900% growth trajectory, XYZ is destined to become the crown jewel of meme coins.

Why XYZ is different

Fueled by the competitive spirit of sports and a commitment to game-changing gains, XYZ offers investors a chance to ride the next crypto tidal wave. The token embodies strength, ambition, and the pursuit of excellence, making it the ideal asset for bold traders who thrive on action.

Don’t miss out

The XYZ presale is moving fast, with early adopters already seeing exponential returns. Secure your position now and be part of the next crypto success story.

XRP

Over the past six months, XRP has surged by 425.54%. In the last month alone, it grew by 43.19%, and this past week, it climbed another 18.19%. These impressive gains have placed XRP in a current price range between $2.39 and $3.46.

The consistent upward trend suggests that XRP’s price may continue to rise. The simple moving averages over 10 and 100 days are closely aligned at around $3.17 and $3.16, indicating a stable growth pattern. The Relative Strength Index is at 47.93, which is near neutral, suggesting there’s room for further upward movement before reaching overbought levels.

Looking ahead, the nearest resistance level is at $3.97. Breaking through this could see XRP aiming for the second resistance level at $5.03, potentially yielding an increase of about 45%. On the downside, the nearest support level is at $1.83. If the price dips to this point, it would represent a decrease of roughly 23%. Traders will be watching these levels closely as XRP continues its dynamic performance.

Solana

Solana (SOL) has seen impressive gains recently. In the past week, its price jumped by 35.68%. Over the last month, it increased by 41.10%, and in the past six months, it grew by 48.00%. This consistent upward trend shows strong interest from investors.

Currently, SOL is trading between $182.53 and $308.44. The nearest resistance level is at $364.82. If the price moves above this point, it could aim for the next resistance at $490. The nearest support level is at $113. If the price drops below this, it might see further declines.

Technical indicators suggest potential for growth. The 10-day simple moving average is $254.24, slightly higher than the 100-day average of $252.18. This indicates short-term bullish momentum. The Relative Strength Index (RSI) is at 56.03, suggesting the price is in a stable zone. The MACD level is positive at 2.935, supporting a possible upward movement. Based on this data, Solana’s price may continue to rise, possibly breaking through current resistance levels.

Cardano

Cardano’s ADA token has been on a notable journey lately. In the past week, its price dipped by a modest 1.50%, settling within a range of $0.86 to $1.15. Zooming out, the picture brightens: over the past month, ADA’s price has climbed by 11.45%, and over the last six months, it has surged an impressive 148.86%. This growth reflects a strong upward trend in the medium term.

Technical indicators paint an interesting scenario. The Relative Strength Index (RSI) sits at 40.23, inching toward the oversold threshold, which could suggest an upcoming bullish reversal. The Simple Moving Averages over 10 and 100 days are close, at $1.00 and $1.04 respectively, indicating that the current price is hovering around these averages. Additionally, the Stochastic oscillator is low at 11.70, and the MACD level is slightly negative at -0.00345, both hinting at potential upward momentum if buying interest increases.

Looking ahead, the nearest resistance level for ADA is at $1.30. Breaking through this point could open the path toward the second resistance at $1.59, representing possible gains of around 13% to 38% from current prices. On the flip side, the first support level is at $0.72, with a deeper support at $0.43. Investors are watching these levels closely, as holding above support may sustain confidence, while surpassing resistance could signal further growth. The coming weeks will reveal whether ADA can capitalize on this setup amid the dynamic crypto market.

Chainlink

Chainlink (LINK) has been on a noteworthy upward trajectory recently. In the past week, its price surged by 25.67%, while over the last month, it climbed 15.99%. Even more impressively, LINK’s price has nearly doubled in the past six months with a 97.88% increase. This consistent growth suggests a strong market interest and potential for continued expansion.

Currently trading between $19.23 and $28.02, LINK is approaching its nearest resistance level at $31.74. If it breaks through this point, the next target could be the second resistance level at $40.52, marking a significant gain from current prices. On the downside, the nearest support level is at $14.16, providing a cushion against potential price drops.

Technical indicators provide additional insight. The Relative Strength Index (RSI) stands at 45.24, indicating that LINK is neither overbought nor oversold. The 10-day Simple Moving Average (SMA) is $26.28, slightly above the 100-day SMA of $24.90, suggesting a modest short-term upward trend. The MACD level is positive at 0.1368, hinting at bullish momentum. However, the Stochastic value is low at 6.5768, which could imply that the coin is oversold and may be poised for a rebound. Considering these factors, LINK’s price may continue to rise, but traders should watch the resistance and support levels closely.

Conclusion

Altcoins like XRP, SOL, ADA, and LINK show promise, but XYZVerse stands out as a pioneering sports meme coin with massive growth potential and a unique, community-driven ecosystem.

To learn more about XYZVerse, visit their website, Telegram, or X.

Frax Finance has proposed a $5 million investment in WLFI – the native token of World Liberty Financial (WLFI), a decentralized finance (DeFi) platform tied to US President Donald Trump. The main objective behind this move is to position itself as a leading player in the “Made in USA” DeFi ecosystem.

The proposal, which was presented for community feedback, also includes an additional $5 million follow-on investment subject to the partnership’s success. This makes a potential total commitment of $10 million.

Fuels Frax Finance’s Bet on WLFI

Frax Finance claims that World Liberty Financial (WLFI), which is built on Aave, is well-positioned to benefit from the Trump administration’s pro-crypto stance. WLFI is described as a key project aimed at introducing millions of Americans to DeFi, focusing on US-based initiatives and partnerships with companies like Chainlink and Ethena Labs. With $70 million invested in prominent DeFi assets such as Ethereum (ETH), Wrapped Bitcoin (WBTC), and Chainlink (LINK), WLFI has established a notable presence in the sector in a very short duration.

In addition to Frax Finance’s strategic alignment with WLFI to strengthen its status as a premier US-origin stablecoin, the decentralized stablecoin protocol is also co-founded by Stephen Moore, who happens to be a former economic advisor to President Trump.

By integrating FRAX’s frxUSD stablecoin as collateral within WLFI’s platform, Frax said that the focus is also on expanding its distribution, gaining access to millions of potential users, as well as influencing key governance decisions within the WLFI framework.

With WLFI’s valuation already surging from $1.5 billion to $5 billion, the investment offers potential for significant appreciation, particularly if WLFI succeeds in its mission to drive mass DeFi adoption under the Trump administration’s pro-crypto stance.

Justin Sun Deepens Ties with WLFI

Trump unveiled World Liberty Financial in September last year to simplify access to financial services by removing intermediaries. Despite a rocky start, the project’s cumulative sales soared to $300 million by January 23, according to data compiled by Dune Analytics.

This week, Tron founder Justin Sun announced increasing TRON DAO’s stake with an additional $45 million investment, bringing the total to $75 million. Previously, Sun made a $30 million token purchase in November last year which made him the biggest stakeholder in the platform. WLFI later confirmed his appointment as an adviser the next day.

After a flash crash to $89,256 earlier this month, Bitcoin (BTC) made a swift recovery, reaching a new all-time high (ATH) of $108,786 on January 20. However, according to a crypto analyst, further upside could be limited until the Federal Open Market Committee (FOMC) meeting later this month.

Bitcoin To Remain Range-Bound Until FOMC Meeting

The world’s largest cryptocurrency has been on a bullish trajectory since November, fueled by Donald Trump’s victory in the US presidential election. Over the past three months, BTC has surged from approximately $67,000 to $104,536 at the time of writing, posting gains of over 50%.

Related Reading

However, crypto analyst Krillin predicts that BTC may continue to “chop” in the $100,000 to $110,000 range until the FOMC meeting. The analyst suggests that unless the Bank of Japan takes extraordinary policy measures, BTC is unlikely to break out of this range before the end of the month.

At present, the CME FedWatch tool indicates a 99.5% probability that the US Federal Reserve (Fed) will not cut interest rates at the upcoming meeting. Krillin expects a market dump to follow the anticipated hawkish meeting, which may be partially offset by a dovish-sounding press conference hinting at future quantitative easing (QE).

For the uninitiated, QE is a monetary policy where central banks inject money into the economy by purchasing government bonds and other financial assets to lower interest rates and stimulate economic activity. This increased money supply can weaken fiat currencies, potentially driving investors toward assets like BTC, boosting its price as a hedge against inflation and currency devaluation.

Krillin’s prediction aligns with a recent market observation which states that BTC profit-taking has declined by 93% from its December peak, and that the long-term holders are back in accumulation mode, preparing for the next leg up. However, how long the current consolidation phase may last is anyone’s guess.

Meanwhile, crypto analyst Ali Martinez notes a sharp decline in capital inflows into the digital assets market, from $134 billion on December 10 to $43.37 billion. This low liquidity could result in sharp price swings, increasing the risk of liquidations for leverage traders.

Will BTC Peak In Q2 2025?

As BTC awaits the FOMC meeting to determine its next price trend, some analysts remain optimistic that the cryptocurrency could hit its market cycle peak in Q2 2025 as more institutions embrace the asset under favourable regulations.

Related Reading

For example, crypto analyst Dave The Wave recently predicted that BTC will likely peak in the summer of 2025. A report by Bitfinex supports this outlook, forecasting that Bitcoin could surge to $200,000 by mid-2025, albeit with minor corrections along the way.

That said, Bitcoin must defend the $100,000 price level, as failure to do so could see the asset drop to as low as $97,500. At press time, BTC trades at $104,536, up 1.4% in the past 24 hours.

Featured image from Unsplash, Charts from X and TradingView.com

Senator Elizabeth Warren is calling foul on President Donald Trump’s meme coin, pressing for the U.S. Office of Government Ethics and financial regulatory agencies to dig into the ethical and regulatory details around the $TRUMP token.

Warren, who is the top Democrat on the Senate Banking Committee that oversees U.S. financial regulators, says the assets, including First Lady Melania Trump’s own eponymous meme coin, pose conflict-of-interest hazards for the president and highlight the most destructive and volatile corner of the crypto sector.

“Nearly overnight, President Trump and his wife’s net worth skyrocketed to $58 billion,” Warren wrote in the letter alongside Representative Jake Auchincloss, a fellow Massachusetts Democrat who serves on the House Energy and Commerce Committee. “Anyone, including the leaders of hostile nations, can covertly buy these coins, raising the specter of uninhibited and untraceable foreign influence over the President of the United States, all while President Trump’s supporters are left to shoulder the risk of investing in $TRUMP and $MELANIA.”

Launched the Friday before his inauguration this week, Trump’s token — for which his company retains some 80% of the coins in circulation — rose rapidly from about $3 last week to almost $37 on Thursday. It’s opened a possibility for Trump to make “extraordinary profits off his presidency,” the lawmakers noted.

The letter was sent to the Treasury Department, Securities and Exchange Commission and the Commodity Futures Trading Commission — each of which now has a new Trump pick at the helm. Warren and Auchincloss raised the point that Trump is in charge of appointing the permanent heads of these regulatory agencies that will make decisions affecting the future of his crypto tokens.

None of the three federal agencies immediately responded to CoinDesk’s requests for comment on the letter, or whether they’re reviewing the tokens in any other capacity.

“$TRUMP and $MELANIA present grave risks to President Trump’s ability to impartially govern our nation — and to investors in these coins, who may be made victims of a rug pull scheme orchestrated by the Trump family,” Warren’s letter concluded.

The lawmakers join other Democrats who have similarly raised concerns about Trump issuing these assets right before taking office. Representative Gerry Connolly, the top Democrat on the House Oversight Committee, called for an investigation in a letter sent to his committee’s Republican chairman one day into Trump’s new term, additionally raising issues with World Liberty Financial and its ties to Tron blockchain founder Justin Sun. And Representative Maxine Waters, the ranking Democrat on the House Financial Services Committee, also shared her alarm about Trump’s coin.

Read More: House Dems Warn of Corruption in Trump’s Crypto Business Moves