Trump Ignores Crypto, Coinbase Faces SOL Drama
Trump’s 1st Day saw him skip any talk of crypto in his executive orders, leaving markets disappointed. Still, MicroStrategy stepped in with a $1.1 billion BTC buy, adding 11k BTC, and weekly inflows hit $2.2 billion. Meanwhile, Coinbase faced backlash for delayed SOL transactions, adding to FUD in the Solana ecosystem despite Raydium buybacks and Hyperliquid’s record volumes.
The ETH Foundation pledged 50k ETH for DeFi, but ETH/BTC is at a 4-year low, and Ross Ulbricht’s release adds a positive note.
Pro-Crypto Moves & Institutional ActivityPro-crypto regulators Uyeda and Pham took acting roles at the SEC and CFTC, respectively. Rumble made its first BTC purchase, El Salvador added $1.2M in BTC, and WLF quietly bought $113M in coins. Meetings between Saylor, Marathon execs, and Trump’s team hint at a possible crypto agenda.
Macro: Tariffs, Debt, and DOGE Drama
Markets stayed steady with the NASDAQ flat and gold down to $2,732. Trump is considering 25% tariffs on Canada and Mexico, while Dalio warns of a UK “debt death spiral.”
The US hit its debt ceiling, and Musk officially took over as the sole leader of DOGE. Meanwhile, TikTok may soon be unbanned, and AI took center stage at WEF Davos.
Memecoins etc
TRUMP Coin tanked 40% after its Coinbase listing, and Barron Trump meme coins turned into rugs. Meanwhile, ZachXBT raised $4M from his donation coin, and Mark Cuban teased a new crypto project. On the NFT side, Autoglyphs, Milady, and Berachain NFTs are still trending.
Looking Ahead with institutional interest, regulatory shifts, and market innovation keep the bigger picture bullish.