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XLM and KAS Lag as XYZVerse Aims for a 25,000% Breakout by Q2 2025

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XLM and KAS Lag as XYZVerse Aims for a 25,000% Breakout by Q2 2025

While some established cryptocurrencies are slowing down, a new contender, XYZVerse, is stepping into the spotlight. With an ambitious goal of multiplying its value by 250 times by mid-2025, it’s drawing significant attention. Is XYZVerse poised to transform the crypto landscape? This article delves into its potential and what sets it apart.

XYZVerse: The Best New Meme Project You Can’t Afford to Bench!

XYZ is your exclusive VIP pass to a sports-driven, meme-fueled revolution. Think of it as the MVP of the XYZVerse ecosystem, where degens can score big off the growing demand for meme coins.

Picture this: Polymarket hitting $1 billion in trading volume during the US presidential election – now throw in the hype of meme coins and the thrill of sports betting. With millions of sports fans ready to hit the field and cash in the XYZVerse ecosystem is set to keep expanding – and your rewards will slam dunk through the roof!

And here’s a highlight reel moment: XYZVerse has been officially recognized as the Best NEW Meme Project – a title that underscores its explosive potential in the meme coin arena.

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>>>XYZ presale is your first-quarter chance to get in before the mind-blowing explosion!<<<

Meme coins are the undisputed champions of the crypto world, and XYZ is set to crush the competition. With potential thousand-fold returns that will blow past the finish line, the presale plan draws a hefty 7,900% growth by the TGE. Forget about BOME’s 5,000% rise or WIF’s 1,000% rally – XYZ is here to outscore them all!

With upcoming listings on major CEX and DEX platforms, rock-solid defense in the form of audited smart contracts, and a fully vetted team, XYZ is already ahead of the game. The first-mover advantage is key here – get in before the crowd storms the field, and you’ll be sitting on way bigger returns!

>>Don’t be left on the bench – grab your XYZ tokens now and be part of the next massive crypto championship!<<

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Kaspa (KAS)

Kaspa (KAS) has seen mixed performance recently. Over the past week, its price increased by 1.95%, staying between $0.11 and $0.13. However, over the past month, it decreased by 18.73%. In the last six months, the drop was 27.75%.

Based on this data, Kaspa’s short-term performance is slightly positive, but the longer-term trend is downward. The Relative Strength Index (RSI) is at 79.69, which is high and suggests the coin may be due for a price drop. The high Stochastic value of 87.49 also indicates that the price might fall soon.

If Kaspa’s price falls, it may find support at $0.10. A drop to the next support at $0.08 would be about 23% less than the current price. If the price goes up and passes the resistance at $0.14, it could reach $0.15, which is about 15% higher than now. The 10-day and 100-day averages are both $0.12, showing a flat trend. The MACD level of 0.0028 suggests some upward movement.

Stellar (XLM)

Over the past six months, Stellar’s price has surged by 280.12%. This significant growth highlights the coin’s strong performance in the crypto market. However, in the last month, the price dipped slightly by 1.01%, and the past week saw a decrease of 5.95%. These recent declines suggest some short-term volatility.

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Analyzing the data, Stellar is currently trading between $0.38 and $0.46. Both the 10-day and 100-day simple moving averages stand at $0.42, indicating a level of price stability. The relative strength index is at 51.90, showing that the coin is neither overbought nor oversold. The MACD level is 0.00052, which might suggest potential for upward movement.

Looking ahead, the nearest resistance level is at $0.51. If Stellar breaks through this, it could aim for the second resistance at $0.59, representing a potential increase of around 28% from the current price. On the downside, the nearest support is at $0.34, with a second support at $0.26. Should the price drop to these levels, it would mean decreases of approximately 11% and 32%, respectively. With the current indicators, Stellar may be poised for growth if it can overcome resistance barriers.

Conclusion

Though KAS and XLM show promise, XYZVerse’s pioneering sports memecoin aims for a 25,000% surge by Q2 2025 through its unique, community-driven blend of memes and sports.

You can find more information about XYZVerse (XYZ) here:

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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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US Congress starts investigating crypto debanking allegations

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US Congress starts investigating crypto debanking allegations

The U.S. House Oversight Committee has launched an investigation into alleged debanking practices targeting crypto companies. 

On Friday, Committee Chair James Comer sent letters to prominent crypto executives, including Coinbase CEO Brian Armstrong and Uniswap founder Hayden Adams, seeking information about reported banking restrictions.

The inquiry aims to assess whether financial institutions acted independently or were influenced by government pressure to deny services to crypto firms. 

These allegations, referred to as “Operation Choke Point 2.0,” draw parallels to an Obama-era initiative that targeted industries deemed high-risk for fraud. Recent reports suggest that federal regulators may have coordinated efforts to restrict crypto firms’ access to traditional banking services.

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Crypto’s regulatory turbulence in recent years

The investigation follows years of complaints from crypto founders about abrupt account closures and banking hurdles, particularly during the Biden administration. 

Lawmakers have expressed concerns that debanking stifles innovation and pushes technological advancements overseas. 

The committee also highlighted potential political discrimination, citing claims from industry leaders and First Lady Melania Trump’s memoir, which described a similar experience.

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TRUMP Spot Trading Volume Hits $38B Across Exchanges Within 5 Days: CryptoQuant

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Ripple Executives Meet Donald Trump at Mar-a-Lago Event

The official meme coin of United States President Donald Trump has been a roaring success since its launch five days ago, witnessing high trading activity and investor participation.

Data analyzed by the on-chain intelligence firm CryptoQuant now shows that Official Trump (TRUMP) has recorded roughly $38 billion in total trading volume across centralized crypto exchanges since its release on January 17. The token’s spot trading volume topped $17 billion on January 19; however, the recent figure indicates that the volume has almost doubled over the past few days.

The TRUMP Pump

CryptoQuant found that the world’s largest crypto exchange, Binance, dominated the spot trading volume with $16 billion, while other platforms like OKX and Bybit followed suit with $7 billion and $6 billion, respectively.

The Trump meme was promoted as a cryptocurrency created to express support for and engagement with Trump’s beliefs and ideals. These coins exist on the Solana blockchain, and 200 million TRUMP are currently in circulation, with the total supply expected to grow to one billion over the next three years.

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Less than two days after its launch, TRUMP became one of the top 20 altcoins on CoinGecko and CoinMarketCap (now at number 25), with a market cap of nearly $15 billion. The rally also made the token the second-biggest meme coin, trailing behind Dogecoin (DOGE).

Official Trump’s pump had never been seen before in the crypto space, so during the next few days after its launch, it ranked as the top trending token across the entire sector.

Significant Correction

Amid the growth in Official Trump’s market cap and spot trading volume, the token’s price skyrocketed from 0 to $72 in less than 48 hours. Although the meme coin’s price had corrected significantly by the time of writing, and it was trading at $35.88 on CoinMarketCap, TRUMP is still up more than 450% from its January 18 trading price of $7.

Noteworthily, Official Trump’s market cap now hovers around $7.18 billion, and analysts have attributed this drop in price and market cap to the launch of MELANIA, a competing meme coin by First Lady Melania Trump.

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Interestingly, President Trump attempted to downplay the success of TRUMP at a press briefing a day after his inauguration; however, it cannot be denied that the memecoin’s pump created new crypto millionaires overnight.

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Bitcoin Long-Term Holders Officially Enter Into Greed Territory, Is This Good Or Bad For Price?

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Bitcoin Long-Term Holders Officially Enter Into Greed Territory, Is This Good Or Bad For Price?

Este artículo también está disponible en español.

In a recent development, crypto analyst Ali Martinez revealed that Bitcoin long-term holders have officially entered greed territory. This could benefit the price in the short term, although the long-term consequences could be severe. The greed phase suggests that long-term Bitcoin holders are now excessively optimistic about BTC’s future trajectory.

Bitcoin Long-Term Holders Officially Enter Into Greed Territory

In an X post, Martinez stated that long-term Bitcoin holders, having experienced every phase of the market cycle, are now letting greed take over. In terms of market sentiment, these holders have moved from capitulation to hope, optimism, and then belief and are now in the greed phase.

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This excessive optimism typically leads these investors to accumulate more BTC impulsively without considering rational analyses. In the short term, this greed phase is bullish for the Bitcoin price since this market sentiment could spark more buying pressure and drive the flagship crypto higher.

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Bitcoin
BTC’s market dynamics in greed phase | Source: Ali Martinez on X

This buying pressure for Bitcoin already looks to be evident as on-chain analytics platform Santiment revealed that the number of wallets holding 100 to 1,000 BTC has broken an all-time high (ATH), rising to 15,777 wallets. The platform also mentioned that Bitcoin whales peaked up steam this week with the US inauguration and a new BTC ATH as transactions exceeding $100,00 surged to their highest level in six weeks. 

This greed phase is good for the BTC price, as it could continue to send the flagship crypto to new highs. However, in the long term, this excessive optimism could put BTC in overbought territory, eventually sparking a massive wave of sell-offs that would send the Bitcoin price tumbling. 

This greed phase among Bitcoin long-term holders looks to be sparked by optimism around Donald Trump’s pro-crypto administration and the strategic BTC reserve especially. This still poses a risk for the Bitcoin price since the flagship crypto could be trading well above its actual value if the BTC reserve isn’t eventually created. 

What Needs To Happen For BTC To Stay Bullish

In another X post, Ali Martinez warned that the Bitcoin price needs to stay above $97,530 to remain bullish. According to him, this price level is the key support level to watch for BTC, as holding above it is crucial to maintaining the current bullish momentum. Bitcoin is currently consolidating around this range after hitting a new ATH of $109,000 earlier this week. 

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Meanwhile, crypto analyst Crypto Rover highlighted the $102,000 support area as the most important for the BTC price right now. His accompanying chart showed that the flagship crypto could drop to as low as $98,000 if it drops below this support level. 

At the time of writing, the Bitcoin price is trading at around $104,900, up over 2% in the last 24 hours, according to data from CoinMarketCap.

Bitcoin
BTC trading at $105,375 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Unsplash, chart from Tradingview.com

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Bitcoin Price Prediction: Why is BTC Going Up Today?

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Bitcoin Price Prediction: Why is BTC Going Up Today?

The market is showing signs of recovery in the third week of January after enduring a sharp downturn in late December, triggered by the Federal Reserve’s hawkish stance.

Key events, including the CPI report, the FOMC meeting on January 29, and the impact of Trump’s inauguration on January 20, could heavily influence Bitcoin’s trajectory and push it forward.

New projects like PlutoChain ($PLUTO) may also draw attention. With advanced Layer-2 solutions and faster transaction capabilities, PlutoChain could address some of Bitcoin’s current limitations and activate new functionalities.

Bitcoin Price Prediction – Trump’s Inauguration Could Start Another Major BTC Rally Going Into February 2025

Currently, Bitcoin (BTC) is trading at approximately $103,900, with a 1.05% decrease from the previous close.

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The Relative Strength Index (RSI) for Bitcoin is currently at 65.045, suggesting that the asset is approaching overbought conditions.

In terms of moving averages, Bitcoin’s 50-day Simple Moving Average (SMA) stands at $99,416.28, while the 200-day SMA is at $96,330.46. The 50-day SMA is above the 200-day SMA, which shows a bullish trend.

Resistance levels to monitor include the psychological barrier at $100,000 and the important $106,000 level.

Bitcoin’s price has surged back to $100,000 after dipping to around $90,000 earlier this month, with rumors that Trump’s actions could disrupt the market once again.

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The upcoming CPI report remains a major event, with positive inflation data potentially driving Bitcoin’s price higher. 

Other factors, such as the resurgence of institutional investors, increased stablecoin minting, and renewed inflows into spot Bitcoin ETFs, could provide additional support.

Major crypto firms, including Ripple, Coinbase, Kraken, Robinhood, and Circle, have collectively contributed over $10 million to Trump’s inaugural fund.

Executives are gathering in Washington as the president-elect prepares to take office, with speculation mounting over executive orders set to change crypto policy. 

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Trump, known for his pro-crypto stance, is expected to issue directives on January 20, one of which could potentially ignite a Bitcoin price boom.

Galaxy Digital’s CEO has made a bold prediction, suggesting Bitcoin could soar to $500,000 if a reserve system is implemented.

At the same time, Crypto Rover says that his prediction is $280,000 after Trump’s inauguration.

Meanwhile, analyst VirtualBacon forecasts Bitcoin reaching $200,000 by year’s end, citing factors such as increased Federal Reserve liquidity, pro-crypto policies, rising ETF inflows, and the possibility of an altcoin season fueling the surge.

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Is PlutoChain’s Hybrid Layer-2 Approach the Key to Activating BTC’s Full Potential in 2025?

PlutoChain ($PLUTO) is a powerful Layer-2 solution designed to potentially improve Bitcoin’s functionality for DeFi, NFTs, and advanced blockchain applications.

Bitcoin’s network often struggles with slow transactions, high fees, and congestion – but this might come to an end soon.

PlutoChain may resolve these challenges by creating a hybrid Layer-2 network to reduce traffic, cut costs, and boost scalability.

With block times of just 2 seconds—compared to Bitcoin’s 10-minute intervals—PlutoChain could bring faster, more efficient smart contract execution while maintaining the trusted Bitcoin infrastructure.

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EVM compatibility is also a feature and it might enable developers to port Ethereum-based projects to PlutoChain seamlessly. 

This could unlock new opportunities for DeFi, NFTs, and AI applications, expanding Bitcoin’s use beyond being merely a store of value.

In the testnet phase, PlutoChain processed 43,200 transactions in a single day without congestion, showcasing its potential for real-world applications.

Security remains a priority for PlutoChain. The platform has undergone audits by SolidProof, QuillAudits, and Assure DeFi.

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Ongoing code reviews, stress tests, and adherence to international standards ensure reliability. Additionally, PlutoChain fosters community engagement and transparency by allowing users to vote on upgrades, partnerships, and features via its official Discord channel.

The Bottom Line

As Trump’s inauguration approaches, optimism surrounding Bitcoin’s future is growing. Speculation about rising institutional interest and potential regulatory changes could drive the crypto leader to new heights in the coming months.

Meanwhile, PlutoChain ($PLUTO) might play a pivotal role in addressing Bitcoin’s long-standing challenges.

The potential mainnet launch is coming soon, so it might be a good idea to keep an eye on PlutoChain and see whether it could gain traction. 

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Disclaimer: This is a sponsored article 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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Trump is ‘forcing everyone to up their game’ — Brian Armstrong

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Coinbase CEO Brian Armstrong says that most of his conversations at the World Economic Forum centered around Trump’s plans for crypto.

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These 2 tokens under $0.2 could turn $250 into $8,000

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These 2 tokens under $0.2 could turn $250 into $8,000

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Small crypto investments, starting at $250 in coins valued at $0.20, can potentially grow to $8,000 with high-return assets.

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One of the best ways to gain significantly in the crypto market is to invest money into several cryptocurrencies. Still, small investors can invest as little as $250 and get as much as $8000 by choosing coins with great potential for high returns. With the lowest coins value of $0.2, these could be the leading choices to boost $250 investment to $8000.

Rexas Finance: Changing real-world assets 

Rexas Finance is creating waves with its creative approach to tokenizing real-world assets (RWA). The platform breaks down assets into fractional units. As a result, small investors can own assets that were once reserved for the wealthy.

Such assets include real estate, intellectual property, and artworks. Rexas Finance’s main feature is the Rexas Token Builder, which allows users to tokenize their assets easily. Owners can convert their holdings into digital tokens representing fractional ownership, whether a small parcel of land or an art piece. For instance, if someone owns property and needs funds, they can tokenize part of it and sell shares to investors worldwide. This removes complex paperwork and democratizes asset ownership.

Additionally, the Rexas Launchpad facilitates fundraising for tokenized assets. Assets owners can find investors on the platform, making it easy to raise funds. If they need capital to renovate a luxury apartment, they can offer fractional ownership through Launchpad. Investors gain a stake in high-value assets while they secure the resources they need.

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The platform also shines with Rexas Estate, changing real estate investment. Typically, owning real estate requires significant capital, but Rexas Estate enables fractional ownership via digital tokens. This makes investing in commercial buildings or luxury condos possible without needing millions. 

Furthermore, these tokens are tradeable, offering liquidity similar to stocks. Rexas Finance extends beyond tokenization with decentralized finance (DeFi) utilities, including staking and yield farming. RXS token holders can stake or provide liquidity, earning rewards over time. These features encourage long-term holding and allow users to grow their investments passively. 

Its presale phase has already been a huge success, and it is currently in its eleventh presale stage after selling over 408 million out of 425 million RXS tokens. It is trading at $0.175, and crypto experts speculate it will hit $8 after its launch — about a 3,900% rise from its current price — which is more than enough to turn $250 to $8000.

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Floki Inu: A rising meme coin 

Floki Inu is another coin under $0.2 with great potential to turn $250 into $800. Top analysts, including Master Kenobi, predict a significant rally for FLOKI this month. The coin currently sits at $0.0001650, and Kenobi identifies $0.00021 and $0.00028 as key levels to watch before it reaches its all-time high (ATH) of $0.00035. 

From there, FLOKI could skyrocket to $0.0011, offering a stunning significant return.  Technical indicators and ecosystem updates back FLOKI’s momentum. Analysts like Bluntz note that the coin has completed an ABC correction, a bullish signal often triggering a five-wave upward trend. 

Furthermore, the coin mirrors PEPE‘s past price pattern, which saw a 588% gain in 2024. This historical similarity suggests FLOKI could follow suit, riding a delayed but powerful wave of market interest. FLOKI is also gaining momentum because of its ecosystem developments. Its flagship metaverse game, Valhalla, is set to launch soon. 

The game will introduce play-to-earn features that could drive user adoption. Additionally, FLOKI is on track to release an Exchange-Traded Product (ETP) on the SIX Swiss Exchange in Q1 2025, making it only the second meme coin after Dogecoin to achieve this milestone. This ETP is expected to attract institutional investors, further fueling price rallies. With FLOKI showing strong support levels and increasing mid-term holders, it is poised for a breakout. Whether through retail interest or ecosystem growth, this coin could transform small investments into substantial returns.

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Conclusion 

Rexas Finance and Floki Inu are two coins below $0.2 that have the potential to grow a $250 investment into $8,000. Rexas Finance stands out because it is a new cryptocurrency. It has the potential to surge after its launch and yield significant returns for early investors who adopt the coin.

For more information about Rexas Finance, visit their website, giveaway, X, Telegram.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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MoonPay Enhances User Experience with the Comprehensive Bitcoin Price Page

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MoonPay Enhances User Experience with the Comprehensive Bitcoin Price Page

[PRESS RELEASE – London, United Kingdom, January 24th, 2025]

MoonPay, a leading global cryptocurrency payments platform, is excited to announce the launch of its enhanced Bitcoin price pages, offering users real-time data and in-depth insights into Bitcoin’s market dynamics.

Accessible at the Bitcoin Price, the page provides live updates on Bitcoin’s current price, 24-hour trading volume, market capitalization, and circulating supply. The data is refreshed every 1 to 5 minutes, ensuring users have access to the most recent market information.

Key features of the Bitcoin price page include:

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  • Live Price Data: Users can view the latest Bitcoin price, along with percentage changes over various time frames, including 1 hour, 24 hours, 7 days, 14 days, and 30 days.
  • Market Statistics: Detailed metrics such as market cap rank, all-time high and low prices, and 24-hour price ranges offer a comprehensive view of Bitcoin’s market position.
  • Historical Context: An informative section on Bitcoin’s history, covering its inception in 2009 by the pseudonymous Satoshi Nakamoto, the evolution of its price over the years, and significant milestones in its development.
  • Educational Resources: For those new to cryptocurrency, the page provides explanations of fundamental concepts like blockchain technology, Bitcoin mining, and the Proof of Work consensus mechanism.

In addition to these features, MoonPay has recently introduced a ‘Recurring Buys’ option, allowing users to automate their cryptocurrency purchases. This feature enables consumers to schedule regular Bitcoin acquisitions, facilitating portfolio growth without the need for constant market monitoring. By selecting a fixed amount to purchase at regular intervals, users can implement a dollar-cost averaging strategy, reducing the impact of market volatility.

MoonPay’s commitment to user security and convenience is evident through its robust compliance and security measures. The platform employs AES-256 encryption and is PCI-DSS compliant, ensuring that users can transact with confidence. With over 20 million verified accounts and partnerships with industry leaders like PayPal and Mastercard, MoonPay continues to be a trusted choice for cryptocurrency enthusiasts worldwide.

By offering these comprehensive Bitcoin price pages and innovative features like Recurring Buys, MoonPay aims to empower users with the tools and information they need to navigate the dynamic world of cryptocurrency effectively.

For more information, visit https://www.moonpay.com/price/bitcoin.

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State of Crypto: Trump’s Second First Week

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(Tabrez Syed/Unsplash)

Donald Trump is officially the 47th President of the United States, and the U.S. government is going in some different directions from the last administration.

You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.

The narrative

U.S. President Donald Trump was sworn into office on Monday and quickly signed a flurry of executive orders. While it took him a few days to get to crypto-specific items, we’ve seen a number of actions from his administration already — not to mention the broader Republican Party.

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Why it matters

These agencies and Congressional bodies’ initial actions set the tone for what we can expect as the new Congress and administration really get going this year.

Breaking it down

There’ll be time to go more into detail on some of these later, but for now:

White House/Administration

Donald Trump signed a highly-anticipated executive order on crypto. Among its provisions are items that:

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  • Create a working group composed of Cabinet officials, White House advisers and others tasked with identifying regulations that address crypto and recommending whether they be changed. AI and crypto czar David Sacks will chair this working group.
  • Task the working group with evaluating a digital asset stockpile.
  • Ban any central bank digital currency, with a somewhat broad definition of a CBDC.
  • Revoke former President Joe Biden’s executive order on crypto, which mostly just directed his Departments to craft reports about various aspects of crypto and consumer protections.

Trump also announced that Sacks would co-chair his President’s Council of Advisors on Science and Technology.

The U.S. Securities and Exchange Commission, now operating under Acting Chair Mark Uyeda, formed a crypto-focused task force headed up by Commissioner Hester Peirce. Trump previously named Paul Atkins as his pick to serve as the agency’s chair, once he’s confirmed by the Senate.

One of the SEC’s first moves was to rescind Staff Accounting Bulletin 121, which directed publicly traded companies holding crypto for their clients to mark those holdings on their own balance sheets. SAB 121 was strongly opposed by the crypto industry, which argued that it made it more difficult for banks to provide certain crypto services.

The Commodity Futures Trading Commission is now operating under Acting Chair Caroline Pham. Pham named CFTC Senior Policy Advisor Harry Jung as the regulator’s lead for crypto industry engagement. Trump has not yet named a nominee to take over as permanent chair.

Trump pardoned Silk Road creator Ross Ulbricht, saying on Truth Social that he did so “in honor of [Ulbricht’s mother] and the Libertarian Movement, which supported me so strongly.” Ulbricht was convicted on criminal enterprise, narcotics distribution and various conspiracy charges and sentenced to double life in prison and 40 years with no parole.

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Trump announced he would rename the existing U.S. Digital Service as his Department of Government Efficiency, the entity headed up by Elon Musk (Vivek Ramaswamy, who was previously a co-head, has now left to run for Ohio governor). Initially, the entity’s website just had the Dogecoin logo on it. Companies are also filing for dogecoin exchange-traded funds now.

Trump spoke with El Salvador President Nayib Bukele shortly after signing his crypto executive order, though an official readout of the call did not mention crypto in any form.

Senate

The Senate Banking Committee has confirmed the creation of a subcommittee focused on digital assets, led by Sen. Cynthia Lummis (R-Wyo.). The subcommittee’s other members include freshmen Bernie Moreno (R-Ohio), who unseated former Sen. Sherrod Brown (D-Ohio) with $40 million worth of support from crypto political action committee Fairshake, Ruben Gallego (D-Ariz.), who received $10 million worth of support and Dave McCormick (R-Pa.), among others.

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The Banking Committee is also holding a hearing on Feb. 5, though the specific time and witness list have yet to be announced.

Sen. Ted Cruz (R-Texas) introduced a joint Congressional Review Act resolution alongside House Rep. Mike Carey (R-Ohio) to overturn the IRS’ recent crypto broker rule. The rule, finalized late last month, defines the term “broker” for IRS tax reporting purposes, but has already drawn a lawsuit from the Blockchain Association. The industry lobbyists argue the final rule “puts unlawful compliance burdens on software developers.”

Sen. Elizabeth Warren (D-Mass.), the new lead Democrat on the Senate Banking Committee, is also asking the U.S. Office of Government Ethics to look into the TRUMP token. She sent an open letter co-signed by Massachusetts Representative Jake Auchincloss.

House of Representatives

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The House Oversight Committee sent out a letter announcing it would investigate whether banks de-banked crypto companies at the government’s behest.

The House Financial Services Committee has already scheduled two hearings on crypto next month. The first, on Feb. 6, 2025, will focus on the aforementioned debanking. The second, set for Feb. 11, is titled “A Golden Age of Digital Assets: Charting a Path Forward.”

The leading Democrat on the House Oversight Committee, Rep. Gerry Connelly, asked the panel’s leading Republican, Rep. James Comer, to probe Trump’s issuance of the TRUMP coin and his ties to World Liberty Financial.

SoC 012125

Tuesday

  • 16:00 UTC (9:00 a.m. MT) The 10th Circuit Court of Appeals heard arguments in Custodia Bank’s ongoing case against the Federal Reserve.
  • (Sam Curry) Some security researchers discovered they could track and control certain Subaru cars (i.e. ones connected to the internet). The vulnerability has been patched, per the writer of this.
  • (Bloomberg) Walgreens spent $200 million replacing refrigerator doors with screens whose vendor is now in a legal fight with the pharmacy/convenience store chain.

If you’ve got thoughts or questions on what I should discuss next week or any other feedback you’d like to share, feel free to email me at nik@coindesk.com or find me on Bluesky @nikhileshde.bsky.social.

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You can also join the group conversation on Telegram.

See ya’ll next week!

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Dogecoin (DOGE) and Shiba Inu (SHIB) Days of Dominance Could Be Numbered as New Competitor Lightchain AI Catches Fire

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Dogecoin (DOGE) and Shiba Inu (SHIB) Days of Dominance Could Be Numbered as New Competitor Lightchain AI Catches Fire

Dogecoin (DOGE) and Shiba Inu (SHIB) have long reigned as two of the most popular meme coins in the cryptocurrency world. Backed by vibrant communities and meme-driven momentum, these tokens have maintained their appeal for years.

However, as the crypto space matures, Lightchain AI, a blockchain platform built around artificial intelligence, is emerging as a powerful contender. With its innovative features and growing market interest, Lightchain AI is poised to challenge the dominance of DOGE and SHIB.

Dogecoin and Shiba Inu – Meme Power with Challenges

Dogecoin and Shiba Inu, two well-liked joke coins have made a big mark on the online money scene. Dogecoin started in 2013 as a make fun of Bitcoin it shows the Shiba Inu dog from the Doge me͏me and has grown a large group of fans.

Shiba Inu, made in 2020, says it is the “Dogecoin killer,” trying to beat Dogecoin’s fame. Both have grown a lot, with Dogecoin’s value recently reaching $23.3 billion and Shiba Inu’s at $10.2 billion.

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Even with their fun beginnings, these coins meet issues like big swings in price and risky buying, mostly pushed by social media and support from people like Elon Musk. Their worth relies more on how much the group joins in and what’s cool than real use which makes people wonder about their future strength in the quick-changing crypto world.

Lightchain AI New Contender Changing the Game

Lightchain AI is transforming the crypto market by integrating advanced AI technology with blockchain, offering real-world applications for developers, enterprises, and investors.

Unlike meme coins like DOGE and SHIB, which thrive on community hype, Lightchain AI provides decentralized AI workflows for tasks such as data processing, predictive analytics, and automation. Its platform enables creators and developers to innovate and monetize their ideas through tools like the AI-driven Memecoin Launchpad, fostering a dynamic creative economy.

Additionally, Lightchain AI’s scalable infrastructure ensures high transaction throughput and efficiently handles complex workloads, making it ideal for diverse applications. By combining practicality with innovation, Lightchain AI establishes itself as a powerful alternative to speculative crypto assets, driving meaningful advancements in the blockchain space.

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Future of Crypto Innovation

Dogecoin and Shiba Inu have undeniably made their mark on the crypto landscape, but their days of dominance may be numbered. Lightchain AI’s innovative approach, practical applications, and strong market momentum position it as a serious competitor in the space.

For investors seeking opportunities beyond meme coins, Lightchain AI offers a compelling mix of technology and growth potential. As the crypto market continues to evolve, this new contender could redefine what success looks like in the blockchain world.

Also, with the rise of new technologies and approaches like Lightchain AI, we can expect to see increased diversification and innovation in the crypto space. This will not only drive further mainstream adoption but also push the boundaries of what is possible with blockchain technology.

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Disclaimer: This is a sponsored article 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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Traders lose millions as memecoin downturn deepens

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A trader who invested over $1 million in memecoins saw nearly 90% of their funds vanish in just two days as the hype-driven tokens plummeted.

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