President Donald Trump emphasized U.S. leadership in cryptocurrency and artificial intelligence as Senator Cynthia Lummis was sworn in as chair of the Senate’s new digital assets subcommittee.

During the 2025 World Economic Forum in Davos, President Donald Trump said in a virtual speech the United States would lead in artificial intelligence and cryptocurrency. In his address, Trump emphasized the need for the U.S. to dominate emerging technologies, including blockchain and crypto.

President Trump told the WEF that he wants America to be “the world capital of AI and crypto.”

Social network X has grown its in-app revenue over the past year, despite a decline in active users, new data shows. Global consumer spending in the X mobile app across both iOS and Android has climbed by 76.3% year-over-year, when comparing two similar periods in January, according to data from app intelligence firm Appfigures. However, other data indicates X’s daily active users have declined, as usage of rivals like Bluesky and Threads has increased.

In an analysis performed by Appfigures, X’s global consumer spending on iOS and Android reached $7.6 million for the period of January 1-20, 2024. During the same time in January 2025, X saw $13.4 million in consumer spending, the firm said. This figure includes in-app purchases made through X’s mobile apps — not revenue from advertising or subscriptions bought on the web, where X users receive a discount on their purchases.

In other words, this is not a number that represents X’s total revenue. X continues to be a largely advertising-driven business, so this is only a window into consumer spending trends.

The addition of xAI’s Grok AI chatbot to X’s app may be helping to fuel the increase in consumer spending, at least in part. There were obvious spikes in net revenue shortly after X began testing a free version of Grok in X in November. This was just ahead of X’s addition of a faster model and a new Grok button to the X app in mid-December 2024 and the launch of a new image generation model on December 9.

X also added an NFL portal in late November to increase sports engagement on its app. This could have boosted X adoption given that sports is one of the most-discussed topics on X.

In the U.S., X saw 61.4% growth in year-over-year consumer spending on iOS and Android, growing from $4.4 million from January 1-20, 2024, to $7.1 million during the same period in 2025.

While global mobile consumer spending is up year-over-year, the monthly totals haven’t always been on a steady climb. In some months, the spending dropped, and in other months it climbed. During 2025, the lowest month was February, with spending of $9.6 million across iOS and Android. December saw the highest total with $25.6 million, after increases that started in October leading up to the U.S. elections.

The top in-app purchases on the X iOS app in January 2025 are as follows: at No. 1 is the X Premium Monthly subscription ($11/mo.), followed by the X Premium Plus Monthly subscription ($30/mo.), X Premium Basic Monthly ($4/mo.), a subscription to Elon Musk’s account directly ($4/mo.), and X Premium’s Annual Subscription ($114.99/yr.).

Despite the jump in consumer spending towards year-end, further data suggests that X may be losing active users.

Both X’s U.S. and worldwide daily active users decreased in January 2025, with each figure down by roughly 13% compared with the same time last year, according to estimates from app intelligence provider Sensor Tower, shared in response to a data request from TechCrunch. Year-over-year growth in monthly active users on X has also dipped slightly, Sensor Tower found.

The firm’s principal market insights manager, Jonathan Briskma, told TechCrunch that X had more than 313 million worldwide mobile app MAUs (monthly active users) in the fourth quarter of 2024 and more than 300 million worldwide mobile app MAUs through January 2025 month-to-date.

As X’s active usage dipped when comparing the same period in January 2024 with January 2025, daily active users on competing apps Instagram Threads and Bluesky jumped up more than 170% and 495%, respectively. This growth has been driven by a number of factors, including international expansions and the addition of several new features and functionality across both platforms.

We asked X if it could share its own internal MAUs figure, but the company did not respond.

The meme coin hype is cooling after Donald Trump’s inauguration celebrations.

Over the past 24 hours, big names like DOGE, PEPE, and SHIB have taken a nosedive.

But while most meme coins are selling off, one project continues to impress – Wall Street Pepe (WEPE).

Its ICO has passed $57 million in early contributions, setting the stage for a highly-anticipated exchange debut in just over three weeks.

Meme Coin Market Sees Major Correction as Trading Volumes Plummet

Nearly every major meme coin is in the red right now.

What started as minor profit-taking has snowballed into a broader sell-off, dragging the meme coin sector’s market cap back to $102 billion.

Meanwhile, trading volumes have dropped by more than 50% since yesterday.

Tokens that were rallying earlier in the week are now feeling the heat.

SHIB is down 2%, DOGE has dropped 4%, and TRUMP coin – last weekend’s breakout star – has plunged 14%.

But the biggest loser is AI16Z, down 25% in the past 24 hours.

The only real standout was PENGU – managing to post a small gain.

This kind of pattern is nothing new in the meme coin space, where sharp corrections often follow massive rallies.

Still, not everyone is spooked by the price action.

Well-known meme coin trader Murad called the sell-off an “opportunity of a lifetime” for those willing to stomach the volatility.

Crypto Market Sells Off While Bitcoin ETF Inflows Drop

The broader crypto market is also showing some cracks.

Bitcoin has slipped to $101,800, Ethereum is down to $3,200, and XRP has dropped to $3.

LINK took the biggest hit among the top altcoins, falling 6% since yesterday.

Things are clearly cooling off – and total spot trading volumes have slumped 16%, with open interest also dropping.

At the same time, demand for the spot Bitcoin ETFs is fading slightly.

Total inflows dropped 69% yesterday to $248 million, and BlackRock’s IBIT fund was the only one to see meaningful gains.

GBTC led the way in terms of outflows with $47 million.

Some analysts believe this is a “sell the news” moment, claiming Trump’s inauguration buzz was already priced into the market.

The optimism around this colossal event may have already run its course.

However, things change fast in crypto – so even though the market is red today, it could quickly flip green tomorrow.

Wall Street Pepe ICO Passes $57M Despite Market Downturn – Next Big Meme Coin Opportunity?

Wall Street Pepe’s ICO is defying all this bearishness.

The project has now raised over $57 million, and more than $1 million is coming in daily – even as the broader market sells off.

With the ICO running until February 16, Wall Street Pepe’s momentum does not show signs of stopping.

So, why all the hype?

For starters, the project has positioned itself as an aid for retail traders, targeting the dominance of crypto whales in the meme coin space.

That approach is hitting home, as evidenced by Wall Street Pepe’s Telegram channel reaching 17,300 subscribers.

The project’s Twitter following has also exploded recently.

Wall Street Pepe’s team will give WEPE holders access to market insights, trading tools, and real-time signals.

They’ll also host trading competitions where the winners receive WEPE prizes.

And if that wasn’t enough, there’s even a built-in staking app for WEPE, offering higher yields than most crypto staking coins.

Big-name YouTubers have praised the project’s setup.

For example, NASS CRYPTO released a video about Wall Street Pepe last month, which has been viewed over 86,000 times.

Given that he has more than one million YouTube subscribers, his endorsement has given the project a massive boost.

So, with 24 days left in its ICO, things are looking positive for Wall Street Pepe.

Despite the ongoing meme coin sell-off, WEPE seems to be holding up quite well.

Visit Wall Street Pepe ICO

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Following Bitwise’s and Rex Shares’ recent application for spot Dogecoin ETFs in the United States, crypto analyst Ali Martinez has provided a technical outlook suggesting Dogecoin (DOGE) could ascend to $15. His analysis, detailed in a logarithmic chart spanning from 2017 to 2025, captures a massive ascending channel that highlights the potential upward trajectory for DOGE.

Dogecoin Targets $15

Martinez’s chart delineates a long-term ascending channel where Dogecoin’s price action is bounded by a structure consisting of three parallel trendlines. The lowest of these lines has consistently served as a firm support since 2017, aiding the price to stabilize during significant downturns, notably in early 2019 and again in mid-2022. The median line of the channel, which presently hovers around $0.40 to $0.45, has just been tested by DOGE as it recently surged to this level, marking a critical inflection point that was last touched in early 2022.

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The upper boundary of the channel, which is the focus of Martinez’s bullish forecast, is projected to climb well above $10, touching as high as $15 by late 2025. This top trendline is not just a theoretical limit but has proven to be the bull run top twice for the Dogecoin price, once in January 2018 and then in May 2021. At the last all-time high in May 2021, Doge even significantly exceeded the channel.

Martinez’s prediction highlights the spot Dogecoin ETFs as potential market catalysts. He suggests that the approval and launch of such financial products could channel fresh institutional and retail investment into DOGE, propelling it towards these higher valuations.

In trading terms, the current position of DOGE below the median line is pivotal. This price level has historically acted as a springboard for upward movement when sustained buying pressure is present. Should DOGE maintain its footing above this zone, the pathway to higher resistance levels around $1.00, and potentially the channel’s upper echelon near $15, appears technically feasible.

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Notably, the spot Doge ETFs could hit the market as early as April, according to Bloomberg’s ETF specialist Eric Balchunas. Bitwise officially lodged the application to register a Dogecoin ETF on Wednesday.

The company submitted its proposal, named the “Bitwise Dogecoin ETF,” to the Delaware Division of Corporations, which is part of the U.S. Department of State. Although such registrations can occasionally be misleading, Balchunas confirmed via X: “Bitwise Doge ETF likely coming soon.. and yes I checked and this is def legit (vs some whack job committing forgery for a quick pump a la BlackRock XRP that one time).”

Registering in Delaware represents an initial step before advancing to a formal ETF submission with the Securities and Exchange Commission (SEC). This registration process sets up the legal structure that would manage the proposed ETF but does not constitute a direct application for SEC approval.

This initiative follows an earlier application by investment firms Rex Shares and Osprey Funds, both of which have also filed applications for multiple cryptocurrency ETFs, including one focused on Dogecoin.

At press time, DOGE traded at $0.34.

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

Agora, a blockchain governance startup, is set to acquire its competitor Boardroom. The company framed the acquisition as a strategic move to enhance governance within the broader Ethereum ecosystem, citing expectations of renewed growth in decentralized governance due to President Trump’s promise of regulatory clarity for the blockchain industry.

“2025 is the year we make good governance the standard for all protocols in Ethereum,” Agora co-founder Yitong Zhang told CoinDesk.

Agora was founded in 2022 by Zhang, Charlie Feng, and Kent Fenwick. The trio initially started working on governance tooling at Nouns DAO, one of the buzzier blockchain protocols to emerge from 2021’s DAO (decentralized autonomous organization) and NFT hype cycle.

The term “DAO” generally describes crypto communities that are governed by their token holders. They’re a favorite among those who believe crypto’s decentralization ethos can be a world-changing force, albeit an unwieldy way to run a pseudo-company. That’s created an opening for support projects like Agora.

Agora was founded on the premise that token governance is central to the value of crypto protocols. It aims to provide user-friendly, open-source governance tools for DAOs like Uniswap and Optimism, which both currently use Agora to organize token holders and hold governance votes.

Boardroom, which predated Agora and has similar goals, took a more horizontal approach to blockchain governance. Boardroom has gradually transitioned from an Agora-style DAO tooling software to a data feed—similar to a “Bloomberg” for crypto governance data.

Agora declined to disclose how much it paid to acquire Boardroom. Boardroom’s employees have been offered roles at Agora, and Boardroom’s founder, Kevin Nielsen, will remain as an advisor. “There’s no plan to deprecate” Boardroom, according to Zhang. Rather, the Agora team will keep both platforms running and will work with users to determine how the tools might gradually be integrated.

A new day for DAOs?

“DAO” is less of a buzzword in 2025 than it was a few years ago. They were pitched as a way to leverage blockchain’s core strengths in decentralized coordination to advance a new kind of community-owned company, but they’ve been implemented in various ways and to varying degrees of success.

Many DAOs have floundered due to organizational difficulties; it can be hard to coordinate thousands of token-holders around a single goal. Improving DAO tooling can help to address this, but it is only one side of the equation. Another barrier for DAOs has been a lack of regulatory clarity, which has left open questions of legal liability and has made it difficult for DAOs to determine how tokens should be issued, and how decisions should be divided between token holders and a platform’s core developers.

“From a business perspective, DAOs are coming back in a really, really large way,” said Zhang, who says his own business has grown “10X” over the past year. “People haven’t noticed yet because people have so much trauma over DAO bulls**t.”

The Trump administration has signaled its intention to create clearer guidelines for cryptocurrency issuance, which has led to optimism among Zhang and some of his competitors.

“I think we’re gonna finally get reasonable definitions for sufficient decentralization, security, and compliant ways of doing a token,” said Zhang.”

• Wix has announced a new integration with YouTube Shopping
• YouTube Shopping allows people to purchase products directly through YouTube videos
• The feature is available to creators in specific countries

Wix, one of the best website builders on the market, has announced a new integration with YouTube Shopping, giving store owners a new and popular avenue to sell their products, while also expanding YouTube’s social shopping features.

YouTube Shopping is a relatively new service (first announced in 2021) that allows YouTube creators to tag products within their videos. That way, viewers can easily purchase the items directly from the platform.

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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

Javier Milei’s government is weighing up a proposal for Argentina to leave the Paris agreement, days after Donald Trump announced the US would exit the world’s key accord on climate change. 

While a final decision has yet to be made, two people familiar with the discussions said Argentina was likely to follow in the US’s footsteps, a move that would make it just the second country to quit the agreement signed by almost 200 nations.

Senior officials are studying an internal memo recommending an exit, said people briefed on the situation, after the country withdrew negotiators from last year’s COP29 climate summit and said it was re-evaluating its international commitments on the environment.

Civil servants were seeking to dissuade Milei’s team from leaving the agreement, the people said. One Argentine diplomat said Milei would make the final decision and that “it seems very likely that we will end up leaving”.

A departure, if agreed, would mark a major blow to global efforts to address climate change. The agreement aims to limit global temperature rises to well below 2C and ideally to 1.5C above pre-industrial levels.

The environmental division of Argentina’s interior ministry did not immediately respond to a request for comment.

The libertarian leader, who denies that humans are a cause of climate change, on Thursday condemned the global environmental movement in a speech to the World Economic Forum in Davos.

“Wokeism has perverted the basic idea of preserving the environment for the enjoyment of human beings, and turned it into a fanatical environmentalism where human beings are a cancer that must be eliminated, and economic development is little less than a crime against nature,” he said.

On Monday, Trump signed an executive order to pull the US from the Paris agreement for a second time, having previously left during his first term. No other country has left the 2015 accord.

Exiting the Paris agreement would require congressional approval in Argentina, but Milei has often bypassed congress via emergency decrees during his presidency.

Last year was the hottest on record, with scientists saying the world is increasingly off track to meet the temperature goals set out in the accord. 

A withdrawal could affect the EU-Mercosur trade agreement concluded in December between Europe and Argentina, Brazil, Paraguay and Uruguay, which specifies that parties can suspend the trade deal if one of the signatories leaves the Paris accord. 

A diplomat said: “The technical staff in the ministry are trying to explain that while Trump can do what he wants, for Argentina it would bring consequences.” 

They also cited potential complications for Argentina’s recently launched bid to join the OECD, which advocates environmental policy standards for members.

Critics have argued that Argentina would also risk losing access to climate-linked international financing streams, after receiving billions in such funding, and could be excluded from global carbon markets in future.

Countries are due to submit updated climate plans next month under the Paris accord, although many are expected to miss the deadline.