The TRUMP coin has shown wild price swings, jumping from under $10 to $75 before dropping to $32.44. The MELANIA coin has followed a similar pattern. Warren emphasized the dangers these volatile coins pose to investors, highlighting their speculative and trend-driven nature.

A key issue raised is the possibility of foreign influence. Warren cautioned that foreign governments or individuals could purchase these coins, potentially funneling money to the Trump family. This, she argued, could threaten U.S. national security and spark ethical concerns.

Warren also criticized the lack of consumer protections, noting that the coin issuers include disclaimers that absolve them of fraud responsibility. She pointed out that the Trump family’s large ownership stake could lead to disproportionate profits, leaving regular investors at risk of financial losses.

The senator urged agencies like the SEC and CFTC to investigate potential violations of federal securities and commodities laws. She also questioned how regulators plan to monitor these coins moving forward.

Separately, Warren wrote to DOGE Chair Elon Musk, suggesting ways to reduce government spending. This broader effort underscores her push for transparency and accountability across financial and governmental sectors.

Video game giant Atari has unveiled 500 limited-edition physically redeemable NFTs through DYLI, a blockchain-powered collectibles marketplace.

Through a Jan. 23 announcement, the New York-headquartered gaming firm announced the launch of limited edition collectible patches themed around its gaming legacy.

Each of the packs will be priced at $15 and will contain one of seven new patch designs or a vintage patch from the 1980s, along with a chance to score bonus items like gift cards or a special item signed by Atari founder Nolan Bushnell.

The packs will be sold on DYLI, a blockchain-powered marketplace built on Abstract chain, an upcoming Ethereum layer 2 developed by Pudgy Penguins creator Igloo Inc. Each patch pack is tied to a redeemable NFT, which will allow buyers to unlock their items digitally before claiming the physical versions, according to a blog post from Atari.

However, the NFT packs would only reveal the specific patch design upon purchase, while any bonus items will remain undisclosed until the physical pack is redeemed.

All NFTs will be stored and managed on DYLI’s integrated wallet, which supports gas-free transactions with fees covered via Abstract Chain’s native paymasters. Buyers can hold their NFT packs indefinitely or trade them on DYLI’s secondary marketplace, where users can buy, sell, or relist the packs before choosing to redeem the physical versions.

The packs are slated for launch next week. According to DYLI founder Alex Needelman, these “partner drops” will help onboard the “next million users to DYLI and Abstract Chain.”

For Atari, it’s far from its first foray into blockchain. The gaming pioneer has been exploring Web3 initiatives since as early as 2018, with the launch of its own cryptocurrency ATRI.

Over the years, it has continued to expand its presence in the sector by partnering with industry heavyweights like Enjin and LiteCoin. 

Last year, it partnered with Coinbase to launch Onchain Arcade on Ethereum L2 base to bring its classic games like Asteroids and Breakout to the blockchain.

Other major names in the gaming industry, like Sega and Ubisoft, have also ventured into blockchain gaming. 

Sega has partnered with Oasys, a gaming-optimized blockchain platform, to bring its popular title Sangokushi Taisen, into the Web3 space. Similarly, Ubisoft announced its first blockchain-based game, Champions Tactics: Grimoria Chronicles, which will launch on the Oasys blockchain.

In an analysis provided by crypto analyst Kevin (@Kev_Capital_TA), Dogecoin (DOGE) emerges as an altcoin defying current market skepticism, with technical indicators suggesting a bullish continuation rather than a peak.

Dogecoin Is Still Bullish

Kevin’s latest post on X highlights Dogecoin’s performance against its 50 and 200-day simple moving averages (SMA). “Dogecoin is still seeing fast expansion on the 50 and 200 simple moving averages after its weekly golden cross occurred,” he noted. This golden cross, a bullish indicator where the 50-day SMA crosses above the 200-day SMA, suggests sustained upward momentum.

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Further examining the Fibonacci retracement levels, Kevin pointed out that Dogecoin is “above the macro golden pocket at .26 cents and is battling the macro .786.” The ‘golden pocket’—typically located between the 0.618 and 0.65 Fibonacci levels—is often considered a crucial support zone. Kevin argues that maintaining a price above this level is bullish.

“If you think this chart is bearish in its current spot then you need some help. Not gonna focus on individual altcoins very much because BTC will determine the next move in the market no matter what your altcoin chart looks like but needed to remind people who are bad mouthing how crazy they look when we’re at the same price we were at in November when the market was rallying hard. Nothing has changed and cycle tops don’t occur when everyone is bearish,” Kevin expounded.

Kevin further illustrated the erratic nature of crypto market sentiment, contrasting reactions from November and January. “When Dogecoin was hitting .35 cents in November, everyone was screaming to the hills that they were so bullish. DOGE at .35 cents in January, everyone is screaming that Doge sucks, I should have sold this thing a long time ago. Do you see how market psychology works? Pretty interesting,” he detailed.

Bitcoin Needs To Move First

Kevin also discussed Bitcoin’s influence on the broader crypto market, emphasizing its role as a leading indicator for altcoins like Dogecoin. He labeled yesterday’s market reaction to the crypto executive order by US President Donald Trump as a non-impactful in the long run.

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“BTC time and time again has failed to break the 1.703 FIB at 106.8K. Even though we broke out of this bullish falling channel on the daily time frame, we have failed to see any real money flow come into the asset if anything it has been decreasing over the last 48 hours. The Trump executive order was an obvious buy the rumor, sell the news event like all events are, so to me, that was always a nothing burger,” he elaborated.

Despite these challenges, Kevin remains optimistic about Bitcoin’s potential for recovery. “I still think we’re experiencing seasonality in BTC as January’s are always really bad months, especially in the post halving year. I believe the goal should be to demoralize and anger as many investors as possible before starting the next leg higher, which should come within the next 1-3 weeks. Stay tuned!” he predicts.

At press time, DOGE traded at $0.35.

Featured image created with DALL.E, chart from TradingView.com

Ethereum scaling plans and network applications should start supporting the network’s native ether (ETH) to further bump value for the asset, co-founder Vitalik Buterin wrote in a post on Friday.

“We should pursue a multi-pronged strategy, to cover all major possible sources of the value of ETH as a triple-point asset,” Buterin said as part of a longer post on layer-2 scaling, security and interoperability. “Agree broadly to cement ETH as the primary asset of the greater (L1 + L2) Ethereum economy, support applications using ETH as the primary collateral.”

Buterin called for implementing incentives for layer 2 networks to allocate a portion of their fees to ETH using mechanisms like burning fees, staking them permanently, or directing proceeds towards public goods in the Ethereum ecosystem.

His comments come amid rising criticism of the Ethereum Foundation, the grant-giving nonprofit that helps support Ethereum, as the asset loses market cap and mindshare to competitors.

The widely watched ether-bitcoin ratio is down to 2021 levels. Bitcoin touched a record high above $109,000 earlier Monday and has returned 160% to investors over the past year. Ether, in the meantime, has gained just 40% in the period and is hovering some 30% below its 2021 peak, as a CoinDesk analysis showed.

Another call-out was to increase Ethereum’s blob count while setting a minimum price for blobs, viewing them as “another possible revenue generator.”

“If you take the average blob fee of the last 30 days, and suppose it stays the same (due to induced demand) while blob count increases to 128, Ethereum would burn 713,000 ETH per year,” Buterin noted, adding that such a favorable demand curve was “not guaranteed” and hence not an isolated strategy to bump ETH’s value.

Blobs are like regular transactions with an extra piece of transaction data attached. However, unlike traditional transactions, blob-carrying transactions do not permanently occupy the mainnet space and are only available for 18 days.

Since November, the daily tally of blobs averaged a record 21,000, with just two Layer 2s – Coinbase’s BASE and World Chain – accounting for 55% of the daily activity. Sustained demand for Layer 2s could quickly deplete available capacity, as a CoinDesk analysis noted earlier in the week.