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It was a remarkable week for crypto, as Bitcoin hit an all-time high of $109,000 after a 10% rally on the eve of President Trump’s inauguration. However, Ethereum continues to struggle with growing internal strife over leadership. This week also marks significant changes in the leadership of regulatory agencies, such as the resignation of Gensler and the formation of a new crypto task force. Learn more.
Bitcoin
Even after finalizing a $1.4 billion deal with the International Monetary Fund (IMF), El Salvador continued to bolster its bitcoin reserves by purchasing 12 additional bitcoins in two days.
In early trading, just before the inauguration of President Donald Trump, bitcoin rose 10% to above $109,000 in a short period of about eight hours.
Italian banking giant Intesa Sanpaolo has taken its first cautious step into the Bitcoin business, buying $1 million worth of crypto as a strategic test to meet client demand.
ethereum
Criticism of the leadership of the Ethereum Foundation and its financial management has sparked a movement within the Ethereum community, leading to calls for proposals for a “wartime CEO” and alternative organizational structure.
Defy
Among the innovators tackling interoperability while focusing on simplicity and usability, Agoric is using its unique orchestration framework to make seamless cross-chain experiences a reality.
Sei Network-based (SEI) community-led decentralized finance (DeFi) platform Jellyverse is launching its own synthetic asset protocol, jAssets, which will allow users to mint their own synthetic asset tokens and track the value of traditional assets.
Altcoins
Melania Trump’s launch of a meme coin has sparked conversations about the broader cryptocurrency market, drawing attention to innovative projects like LightChain AI.
Amid the alarming rate of pump-and-dump schemes in the crypto market, Murad Mahmudov asked Dizen investors to look out for “slow cooks” in the organic community, i.e. meme coins that have demonstrated strong potential for slow but steady growth.
In a pro-crypto environment ushered in by the Trump administration, LiteChain AI is strategically positioned to leverage the innovative integration of artificial intelligence and blockchain technology.
The official Trump (TRUMP) meme token, launched by the 47th president of the United States just before his inauguration, has secured its position among the top 30 cryptocurrencies by market capitalization, sparking intense debate among analysts and thought leaders about its impact.
business
David Balland, co-founder of crypto wallet developer Ledger, and his wife were kidnapped in a ransom attack in central France, with Balland injured during the attack.
Crypto index fund manager Bitwise has submitted a registration file for a potential Dogecoin exchange-traded fund (ETF), indicating growing interest in crypto ETFs.
Web 3
The Kaia DLT Foundation has integrated FireBlock into its blockchain ecosystem to enhance security and operational efficiency, provide institutional users with secure, scalable solutions for managing digital assets, and accelerate blockchain adoption.
KuCoin has announced the appointment of a new CEO, BC Wong, in a move to drive the exchange’s growth, innovation, and strategic expansion in the cryptocurrency industry.
AI-powered decentralized exchange Sonex has just closed a $1 million seed funding round built on ETH layer two Sonium, co-led by Outliers Fund and an anonymous investor.
There are many reasons to explore restaking, from supporting the decentralization of the blockchain network to collecting those sweet staking rewards. However, in tax minimization, there may be more compelling reasons to explore this fast-growing on-chain sector.
Regulations
US Senator Cynthia Loomis has been named Chair of the first Senate Banking Subcommittee on Digital Assets, with Senator Ruben Gallego serving as ranking member of the committee.
Baden Bower, a global PR cryptocurrency agency, works with businesses to help them adjust to changes implemented by the upcoming Markets in Crypto-Assets (MiCA) Act.
SEC Commissioner Hester Pierce will lead a newly formed crypto task force that will focus on creating clear, collaborative regulations, marking a shift from the agency’s previous enforcement-driven approach.
President Donald Trump has signed an executive order granting a full and unconditional pardon to Ross Ulbricht, the creator of the dark web marketplace Silk Road.
Mark Ueda has been named acting SEC chairman following the resignation of Gary Gensler, signaling potential changes in cryptocurrency regulation and capital market policy.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
