Today, U.S. President Donald Trump signed an executive order (EO) related to Bitcoin and cryptocurrency, titled “Strengthening American Leadership In Digital Financial Technology”. This EO officially banned the creation and issuance of a central bank digital currency (CBDC) in the United States, defining a CBDC as “a form of digital money or monetary value, denominated in the national unit of account, that is a direct liability of the central bank.”

“Except to the extent required by law, agencies are hereby prohibited from undertaking any action to establish, issue, or promote CBDCs within the jurisdiction of the United States or abroad,” the order announced. “Except to the extent required by law, any ongoing plans or initiatives at any agency related to the creation of a CBDC within the jurisdiction of the United States shall be immediately terminated, and no further actions may be taken to develop or implement such plans or initiatives.”

The new EO will also establish a presidential working group to create a federal regulatory framework governing digital assets (including stablecoins), and evaluate the creation of a strategic national digital assets stockpile.

“The Working Group’s report shall consider provisions for market structure, oversight, consumer protection, and risk management,” stated the order. “The Working Group shall evaluate the potential creation and maintenance of a national digital asset stockpile and propose criteria for establishing such a stockpile, potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement efforts.”

The EO defines the term “digital asset” as any digital representation of value that is recorded on a distributed ledger — which would include cryptocurrencies such as bitcoin, digital tokens, and stablecoins.

The stockpile is expected to include or be fully in bitcoin. Last summer at The Bitcoin 2024 Conference in Nashville, Donald Trump pledged to create a national strategic bitcoin stockpile using the bitcoin already held by the government obtained from hacks and seizures. According to Arkham Intelligence data, the U.S. currently holds 198,109 bitcoin worth over $20.1 billion.

BREAKING: 🇺🇸 DONALD TRUMP PLEDGES TO NEVER SELL #BITCOIN AND HOLD IT AS A STRATEGIC RESERVE ASSET IF ELECTED PRESIDENT pic.twitter.com/bbPRxlZfGZ

— Bitcoin Magazine (@BitcoinMagazine) July 27, 2024

Following Trump’s speech at the conference, U.S. Senator Cynthia Lummis presented legislation to also create a Strategic Bitcoin Reserve, but in a different manner. Her bill would see the U.S. government purchase 200,000 bitcoin per year, for 5 years, until it has bought a total of 1,000,000 BTC. This legislation, however, would have to pass through both the House of Representatives and the Senate before making its way to the president’s desk for final approval.

So far, President Trump has kept his word on the Bitcoin related promises he made on the campaign trail. Earlier this week, President Trump gave a full and unconditional pardon to Bitcoin pioneer and Silk Road founder Ross Ulbricht, which Trump pledged to accomplish in addition to creating a Strategic Bitcoin Reserve, banning CBDC, creating a working group/advisory council, and more.

The full details of the executive order can be found here.

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There have been significant losses for Litecoin and Shiba Inu in the last 24 hours as many holders look to new projects hoping for better returns. Among these is Remittix (RTX), a PayFi project that raised over $5.2 million in its presale in just a few weeks. The project tackles problems that have been plaguing the global payments sector for many years now, offering a modern alternative. This is a market worth $190 trillion and Remittix could grab a big slice. So how will Shiba Inu (SHIB), Litecoin (LTC) and Remittix (RTX) fare in Q1 of 2025?

Shiba Inu (SHIB) Plummets 7% Overnight

Shiba Inu has kept its holders guessing with major fluctuations through most of January so far. In just 24 hours, Shiba Inu (SHIB) has plummeted by 7.3%, putting Shiba Inu at a value of $0.00002026, dipping to 0.00002040 earlier today. The MACD still signals a slight bullish crossover despite the asset’s losses, so some upward movement or at least some consolidation could be coming soon. On-chain activity too is up, with active addresses up 15% last week, which is at least a sign of healthy network engagement for Shiba Inu (SHIB).

Litecoin (LTC) Sees 24 Hour Dip After Strong Weekly Gain

Litecoin (LTC) too has been facing fluctuations. The asset had a strong week, with a net gain of 15.81%, but it has hurtled down in the last 24 hours, losing 4.06% of its value. Litecoin (LTC) is now trading around the $120 mark, climbing as high as $128.23 earlier today before dipping to $114.44. Litecoin’s RSI is at 62, which means it’s creeping toward overbought territory, but there’s still room for growth. On the contrary, Litecoin’s MACD shows some solid bullish momentum, lining up with the recent price jumps. Looking ahead, Litecoin’s big play for 2025 is getting a U.S.-based ETF approved, and if that happens, it could be a game-changer.

Remittix Switches Things Up in the Global Payments Space

With Remittix, users can convert over 40 cryptocurrencies into fiat and transfer money to any global bank account. By removing hidden fees and implementing transparent flat-rate pricing, Remittix tackles common frustrations associated with traditional international payments. Its rapid transaction processing positions it as a cost-effective and efficient alternative to existing solutions.

The entire process is simple. Users can send funds to any global bank account, with transactions typically completed in under 24 hours. For those weary of navigating complex banking systems, Remittix offers a straightforward yet powerful alternative.

Businesses can also derive great benefit from Remittix, particularly through the Remittix Pay API. This powerful piece of tech enables businesses to receive cryptocurrency payments and settle them in fiat currency. Eliminating digital asset management headaches, the platform supports more than 30 fiat currencies and 50 cryptocurrency pairs, enabling smooth financial operations across regions. Freelancers and merchants with global clients will find this function particularly useful to simplify payments and cut costs.

Recognizing the need for user independence, Remittix ensures that recipients do not know that payments were sent via its platform or that the transactions originated in cryptocurrency.

Remittix Storms Through Presale, Surpassing $5.2 Million

So far, Remittix has raised $5.2 million during its presale, which continues to gain traction. With a focus on privacy, efficiency, and user autonomy, Remittix is positioned to disrupt the $190 trillion cross-border payments market. Some analysts predict significant gains for Remittix (RTX), with forecasts of an 800% price surge during the presale and a potential 5,000% rally post-launch, as the project prepares to lead the PayFi sector.

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice. 

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Bitcoin price falls after President Trump signs an executive order creating a working body for researching and designing a “national digital asset stockpile.”

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Solana (SOL) has been riding a wave of volatility, recently hitting a new all-time high of $295 before dropping over 22% amid market fluctuations. Despite this sharp correction, SOL has shown resilience by recovering much of its losses, leaving investors optimistic about its potential for further gains in the coming weeks.

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Top analyst Jelle has weighed in on the situation, providing a detailed technical analysis that offers insight into SOL’s current price action. According to Jelle, Solana is experiencing “more violent moves, as expected,” while compressing around its previous all-time highs. This compression is a natural phase following such a significant rally and is seen as a healthy consolidation that could set the stage for the next leg higher.

With key levels holding firm and sentiment improving, Solana appears well-positioned for a potential breakout. Investors are closely monitoring the market dynamics as SOL prepares for what could be another major surge.

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As one of the standout performers in the crypto market, Solana’s ability to navigate this volatility and push past resistance levels will be crucial in determining its trajectory in the weeks ahead. The coming days could mark the start of a new chapter in SOL’s impressive journey.

Solana Testing Crucial Liquidity 

Solana has been making headlines with its aggressive price movements, especially after breaking its all-time high (ATH). Following its impressive rally, SOL has entered a phase of consolidation while holding key demand levels, signaling the potential for sustained bullish momentum. This period of compression is seen as a natural and healthy part of the market cycle, especially after such a strong upward move.

Crypto analyst Jelle recently shared a detailed technical analysis on X, shedding light on Solana’s current market behavior. According to Jelle, SOL has experienced violent price action moves as it compresses right around its previous all-time highs. This consolidation phase, while volatile, is necessary to build a solid foundation for the next leg higher. Jelle noted that it’s encouraging to see key levels holding firm, adding that it feels like it’s only a matter of time before Solana resumes its bullish trajectory.

Analysts across the board remain optimistic about Solana’s outlook, with many predicting that the coming months will be extremely bullish if SOL can maintain its current structure. Holding these key demand levels is critical to sustaining momentum, and a breakout from this consolidation phase could propel Solana into new price discovery.

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As one of the most promising blockchain networks in the crypto space, Solana’s resilience amid aggressive price action highlights its strength and growing investor confidence. With technical and fundamental indicators aligning, Solana is poised to remain a standout performer as the market anticipates its next move. The coming weeks will be pivotal in determining whether SOL can capitalize on its strong foundation and deliver another wave of significant gains.

Price Action Details: Key Levels To Hold

Solana (SOL) is currently trading at $243, down over 10% since yesterday as the broader altcoin market faces selling pressure. This decline comes amid Bitcoin’s consolidation just below its all-time high (ATH), which has left altcoins struggling to maintain bullish momentum.

For SOL to recover and regain upward traction, it is crucial for bulls to defend the current price levels. Holding above $243 is key to preventing further downside, while a decisive push above the $265 resistance mark would signal a return to strength. Breaking this level with conviction could reignite investor confidence and set the stage for a renewed rally.

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However, the risks of a deeper correction remain if SOL fails to hold support. A drop below $230 would likely trigger additional selling pressure, leading to extended losses and testing lower demand zones. Such a move would challenge Solana’s recent bullish structure and delay its chances of a recovery.

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Featured image from Dall-E, chart from TradingView.

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President Donald Trump has signed a Executive Order titled “Strengthening American Leadership in Digital Financial Technology.” The directive lays out a bold vision for bolstering the United States’ position in the global digital asset economy—most notably embracing open blockchain networks like Bitcoin while flatly prohibiting the development of Central Bank Digital Currencies (CBDCs).

A Major Shift Toward Bitcoin 

At the core of the order is an explicit policy to support the responsible growth and use of digital assets, championing citizens’ right to access and utilize open public blockchain networks without interference. For Bitcoin enthusiasts, this represents a monumental endorsement from the highest levels of government. The Executive Order stipulates that no lawful activity on these decentralized networks should be censored, while also clarifying that individuals must be permitted to develop software, maintain self-custody of digital assets, and participate in mining or transaction validation.

New Life for Dollar-Backed Stablecoins

The administration also underscores the importance of legitimate dollar-backed stablecoins, highlighting them as a strategic asset to safeguard the sovereignty and global role of the U.S. dollar. With digital currency usage accelerating around the world, this renewed push for stablecoins signals a forward-thinking approach intended to keep America’s currency competitive in global markets.

Regulatory Clarity & Innovation-Friendly Framework

One of the key challenges the blockchain industry has faced is regulatory uncertainty. The Executive Order calls for technology-neutral regulations and clearly delineated roles for agencies such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). By directing a cross-agency effort to rescind or modify outdated rules and develop more effective frameworks, the Trump Administration aims to foster an environment where blockchain startups and established companies can innovate without fear of sudden enforcement actions.

Prohibition of CBDCs

In a decisive move that sets the United States apart from many other nations, the order categorically prohibits the creation, issuance, and promotion of Central Bank Digital Currencies. Citing concerns over financial system stability, individual privacy, and national sovereignty, the Executive Order halts any ongoing or planned CBDC-related projects within federal agencies. This stance signals an unambiguous preference for open, permissionless blockchain networks—like Bitcoin—over government-controlled digital currencies.

Revoking Previous Policies

The order also revokes Executive Order 14067 of March 9, 2022, along with a corresponding Treasury Department framework published in July 2022—both from the previous administration. By rescinding these policies, President Trump is effectively clearing the path for a pro-crypto regulatory climate that prioritizes individual freedoms, innovation, and economic growth.

The President’s Working Group on Digital Asset Markets

To guide these efforts, the Executive Order establishes the President’s Working Group on Digital Asset Markets, chaired by the Special Advisor for AI and Crypto. This Working Group will include the Secretary of the Treasury, the Attorney General, and other top officials. Its mandate includes:

• Drafting a federal regulatory framework for digital assets and stablecoins, focusing on market structure, consumer protection, and oversight.
• Evaluating the creation of a national digital asset stockpile, derived from lawfully seized cryptocurrencies, to enhance the country’s strategic interests.

Within 180 days, the Working Group is expected to deliver a comprehensive report that will shape future legislative and regulatory proposals.

A Resounding Win for Bitcoin

For many within the Bitcoin community, this Executive Order marks a pivotal turning point. By ensuring the right to self-custody, explicitly protecting blockchain networks from censorship, and ruling out government-sponsored digital currencies, the Trump Administration has placed Bitcoin at the heart of the American digital economy.

As the United States steps confidently into this new era, both retail and institutional investors are poised to benefit from clearer rules and stronger protections—while innovative blockchain companies see a fertile environment for growth. By endorsing open, permissionless networks and stablecoins that reinforce the U.S. dollar’s global standing, the nation appears ready to embrace a future in which Bitcoin will play a leading role.

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Move over, meme tokens there’s a rising star drawing attention from even the biggest PEPE and DOGE enthusiasts. They say Remittix could claim the throne in the 2025 altcoin market, and it’s not just idle talk. Remittix’s presale has already brought in over $5.3 million and is tipped to surge 100x in 2024. Read on to find out why. If you’re on the lookout for the next big altcoin, check Remittix now and see if this real-world solution can beat the meme coin craze.

Why Meme Coin Fans Are Turning to Remittix

PEPE and DOGE once stole headlines with jaw-dropping gains. In early 2025, Dogecoin’s price moved +2.73% to $0.36, backed by a $4.20 billion trading volume. PEPE likewise pumped by 21% at its peak, riding a wave of social media hype. Yet, many of those investors now eye Remittix’s dominance, believing a real-world solution beats fleeting meme attention. By bridging crypto and fiat for cross-border transactions, Remittix could carve out a bigger slice of the 2025 altcoin market than purely speculative coins.

The Numbers Driving Meme Coin Migration

Recent data shows that over 274 million Remittix tokens have sold at $0.0272 each. With a goal to raise $36 million, Remittix has locked liquidity for three years and plans to renounce its contract post-presale. While DOGE soared past a $40 billion market cap in previous cycles, some see Remittix potentially eclipsing that feat through a massive remittance sector worth $700+ billion annually. This utility-based approach contrasts sharply with meme coins powered mostly by online chatter.

Remittix Dominance Hinges on Utility

Although meme tokens can explode overnight, they often fade fast if hype runs dry. Remittixdominance might hinge on consistent demand for fast, cheap transfers. If adoption keeps rising, Remittix could secure a lasting foothold in the 2025 altcoin market. The project tackles high wire fees and hidden costs, offering a service many believe is overdue. If you think that’s the next big altcoin pathway, check Remittix for presale info. It has already intrigued DOGE investors who recall wild price swings and want a steadier bet.

Why PEPE and DOGE Communities Are Watching

PEPE fans saw their coin skyrocket 21% in mere days, but a lack of use cases eventually cooled momentum. Championed by big personalities, DOGE still commands loyalty, yet some holders worry about saturating meme coin markets. As people question the long-term viability of hype-driven assets, Remittix offers an answer. By simplifying remittances, the platform might become the next big altcoin to overshadow meme-centric coins. Supporters point to real-user adoption instead of viral tweets, a factor that could sustain Remittix’s dominance when market fads fizzle.

Will Remittix Truly Conquer the 2025 Altcoin Market?

PEPE and DOGE Investors Predict Remittix Will Dominate 2025’s Altcoin Market because it solves real issues, not just internet jokes. Backers say harnessing a $700+ billion remittance space sets Remittix apart from tokens relying on momentary spikes. Meme coins can generate huge profits fast but many fizzle just as quickly. Remittix could forge a stable foundation for expansion by focusing on cost-effective crypto-to-fiat transfers. If you’re ready to explore a token that might outlast memes, visit Remittix now. Keep track of its growth or connect through their socials here:Linktree.

While PEPE and DOGE remain beloved, shifting sentiment suggests the 2025 altcoin market might favor tokens with tangible benefits. Whether Remittix dominance fulfills its promise depends on adoption, transparency, and a market hungry for real utility. Yet, if early indicators hold true, this could be the next big altcoin story that meme coin loyalists won’t want to miss.

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice. 

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The working group established under the EO will explore federal regulations for stablecoins and a national digital asset stockpile.

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