Speaking at the World Economic Forum in Davos, BlackRock CEO Larry Fink discussed Bitcoin’s potential, suggesting its price could surge to $700,000 with continued global adoption. 

Fink shared insights alongside Peng Xiao, CEO of AI company G42, framing Bitcoin as a hedge against inflation and global instability.

He also revealed discussions with sovereign wealth funds considering Bitcoin allocations of 2-5%, as those types of allocations are what could drive Bitcoin to these high 6-figure levels.

Also notable from the discussion, Peng Xiao called crypto "the currency of AI" and went on to say how soon everyone will have AI agents doing financial transactions for them, and that the traditional finance system won't be capable of handling it as well as blockchains.

What Are They Saying

• Fink described Bitcoin as a “currency of fear,” going on to say “But that’s OK. If you’re frightened of the debasement of your currency, or the economic or political stability of your country, you can have an international-based instrument called Bitcoin that can overcome those local fears."
• He highlighted Bitcoin’s growing role in institutional investment, citing its appeal to sovereign wealth funds and its status as a hedge against traditional financial risks.
• Commenting on a 2% to 5% standard portfolio allocation, he said "If everybody adopted that conversation,” he said, “it would be $500,000, $600,000, $700,000 for Bitcoin.”

Why It Matters

Retail isn't listening to CT.

They probably aren't listening much to Michael Saylor.

But when Larry Fink starts talking, more people listen.

Fink’s endorsement, coupled with BlackRock’s success in Bitcoin ETFs, is a huge signal for the growing legitimacy of Bitcoin as a mainstream financial instrument. 

And putting a strategic reserve aside, one of the primary bull cases for Bitcoin's continued growth from its $100k level is the 2-5% portfolio allocation and infinite 401k TWAP.

That type of allocation feels like it could very well happen, and maybe soon.

It''s bullish for Bitcoin, and the broader crypto space.

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

• ETH NFT leaders were mostly green; Punks +5% at 40 ETH, Pudgy +1% at 20.4, BAYC +12% at 14.9 ETH, Azuki -8% at 10.9 ETH
• Yuga CEO Garga teased rewards coming for BAYC an Otherdeed holders later this year, leading to speculation of a 2nd token (driving the BAYC pump)
• Kaito Genesis NFTs surged 30% to 8.2 ETH after the team announced its project Launchpad
• Binance announced Azuki's ANIME is coming to its Hodlers
• BTC NFT leaders were mostly red; Bitcoin Puppets -8%, NodeMonkes -9%, OMB -7%, Quantum Cats -12%
• The Runes leaders were very red; DOG -7% at $424M mc, PUPS -2% at $67M, BDC -20% at $33M

💰 Token, Airdrop & Protocol Tracker

Here's a rundown of major token, protocol and airdrop news from the day:

🌎 Macro Crypto and Web3

A few other Crypto and Web3 headlines that caught my eye:

• Crypto majors are red this morning; BTC -4% at $101,700, ETH -4% at $3,200, SOL -5% at $243, XRP -6% at $3.07
• BlackRock CEO Larry Fink said Bitcoin's bullish adoption could drive it to $700k in a panel at WEF
• Etherealize launched as a startup aimed at "institutional marketing and product arm" for Ethereum, backed by Vitalik and founded by former UBS bond traer Vivek Raman
• Solana became the first chain in history to hit $200B in monthly DEX volume; Solana stablecoin supply hit a new ATH over $10B on Wednesday
• Bitwise filed for a Dogecoin ETF and Bloomberg predicted Solana and XRP Futures ETFs coming by March
• Memecoin majors are mostly red; DOGE -6%, SHIBA -4%, TRUMP -15%, PEPE -7%, PENGU +2%, BONK -6%, FARTCOIN -15%
• The founder of Vine dropped a VINE token last night, which soared from 0 to $270M overnight on $690M volume
• New meme YAPSTER soared 5x to $40M yesterday as the new meme platform on Solana gains steam

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Yesterday he gave a full pardon to Ross Ulbricht, who was convicted back in 2013 for his ties to Silk Road.

For those unfamiliar, "Free Ross" has been a rallying cry for the crypto cohort for several years, and Trump promised to free him live at Bitcoin Nashville.

Promises made, promises kept.

The other key development from yesterday was out of the SEC.

On Monday, Trump appointed Mark Uyeda as interim chair following Gary Gensler's resignation. Mark is acting fast.

Yesterday the SEC set up a new crypto task force spearheaded by cyprto-friendly Hester Pierce. The task force is aimed at developing a clear regulatory framework for crypto.

This is exactly what we wanted, and it's actually happening.

What Are They Saying?

The SEC commented on the new task force:

"To date, the SEC has relied primarily on enforcement actions to regulate crypto retroactively and reactively, often adopting novel and untested legal interpretations along the way. Clarity regarding who must register, and practical solutions for those seeking to register, have been elusive."

"The result has been confusion about what is legal, which creates an environment hostile to innovation and conducive to fraud. The SEC can do better."

Coinbase CLO Paul Grewal commented on the SEC task force: "Nature is healing."

Why It Matters

First, we now have clear signal that Trump plans to follow through with his campaign promises. 

That primarily means a crypto-friendly environment in the United States, welcoming builders, banks and more users to get involved in what is likely to be a more regulatory-friendly environment.

It also means that Strategic Reserve is more likely (a topic for longer discussion).

The impact is already being seen.

Yesterday Crypto dot com relaunched its US exchange, citing regulatory optimism.

Major change, one day in.

Trump is a polarizing President for sure, but from a crypto-specific lens, it's becoming clearer than ever - 

He is the Crypto President.

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

• ETH NFT leaders were mostly green; Punks even at 38 ETH, Pudgy +2% at 20.3, BAYC -2% at 13.25 ETH, Azuki +3% at 12 ETH, Doodles +3% to 4.59 ETH
• Imaginary Ones (+30%) and 2049 / Reflections (+30%) led notable top movers
• Binance announced Azuki's ANIME is coming to its Hodlers
• BTC NFT leaders were mostly red; Bitcoin Puppets -6%, NodeMonkes -4%, OMB +1%, Quantum Cats -9%
• The Runes leaders were mostly red; DOG -7% at $464M mc, PUPS -5% at $69M, BDC +3% at $44M, GIZMO even at $12M
• The RSIC team posted on its 1-year anniversary "Block 888,888" in an announcement of an announcement 
• The NBA Top Shot Sotheby's auctions wrapped up yesterday, with the Yves Missi 1/1 fetching the top big of $3,120

💰 Token, Airdrop & Protocol Tracker

Here's a rundown of major token, protocol and airdrop news from the day:

🌎 Macro Crypto and Web3

A few other Crypto and Web3 headlines that caught my eye:

• Crypto majors are slightly green; BTC +1% at $105,000, ETH +1% at $3,310, SOL +7% at $257, XRP +4% at $3.21
• ai16z (+35%), VIRTUAL (+17%), WLD (+16%) an HYPE (+13%) led alts
• Trump pardoned Ross Ulbricht with an Executive Order on Tuesday, fulfilling his campaign promise
• Crypto-related apps reached 8 of the top 10 spots in the Finance app category of the iOS store
• Rex filed for DOGE and TRUMP ETFs on Tuesday, and because of their filing process chosen, they could potentially be approved ahead of the SOL and XRP ETFs
• The SEC launched a crypto task force headed by crypto-friendly Hester Peirce dedicated to developing a clear crypto regulatory framework for crypto assets
• Crypto dot com is relaunching its US central crypto exchange with Trump in the White House
• Circle acquired the world's largest tokenized money market fund USYC, which is backed by U.S. Treasury Debt and reverse repurchase agreements
• Memecoin majors are mixed led by TRUMP; DOGE -6%, SHIBA -1%, TRUMP +12%, PEPE +2%, PENGU even, BONK +10%, FARTCOIN +5%
• New meme Heart Sparkle Mermaid (HSM) ran to $25M in its debut on $150M volume (now $16M)
• STARGATE also debuted after the OpenAI announcement and ran to $17M

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World Liberty Financial, a DeFi platform linked to President Donald Trump, made headlines by adding $47 million in Wrapped Bitcoin (WBTC) to its treasury during his inauguration.

The DeFi platform acquired 439 WBTC through 10 transactions, swapping stablecoins worth $47 million.

This move makes Bitcoin the platform's third-largest holding, after Ethereum and USDC.

Over two days, World Liberty Financial added nearly $100 million in crypto assets, including $47M of Ethereum, and $4.7M of others including AAVE, LINK, TRX and ENA.

The purchases coincide with its public token sale which just completed on the back of the TRUMP memecoin launch, and the inauguration of Donald Trump as the 47th U.S. president.

What Are They Saying?

Donald Trump Jr. commented on the acquisitions: "To commemorate the inauguration of Donald J. Trump as the 47th President of the United States, $WLFI is proud to announce the following strategic purchases today: $47,000,000 ETH $47,000,000 wBTC $4,700,000 Aave $4,700,000 LINK $4,700,000 TRX $4,700,000 ENA Excited for the future ahead!"

In a prior statement, World Liberty Financial described the acquisitions as part of “regular treasury management,” adding, “We’re making routine movements of our crypto holdings as part of regular treasury management, and payment of fees and expenses and to address working capital requirements.”

Why It Matters

Politics and crypto are more intertwined than ever.

Whether that's a net positive or negative is a longer discussion.

But for the immediate future, it has to be seen as a positive.

Trump is hailed as the first pro-crypto president, and while no crypto executive orders were signed on day one, some are still expected for this week.

But pre-announcement, his family's protocol is stacking crypto majors.

At a minimum, this would make one think that crypto isn't going away anytime soon. It likely became a "safer" bet than ever before.

And they just laid out a playbook of what tokens to buy, if someone starting out had no clue.

The speculator in me also thinks they are telegraphing a potential reserve announcement coming as soon as this week, featuring Bitcoin and even Ethereum.

Jury still out on that one, but we will find out soon enough.

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

• ETH NFT leaders were green after a red weekend; Punks even at 38 ETH, Pudgy +4% at 19.9, BAYC -4% at 13.5 ETH, Azuki +1% at 11.7 ETH, Doodles +4% to 4.44 ETH
• GoPlus (+60%) and Creepz (+30%) led notable top movers
• Autoglyphs saw 2 sales at 123 ETH and 130 ETH, bringing the floor up to 175
• BTC NFT leaders were very green led by OMB; Bitcoin Puppets +10%, NodeMonkes +11%, OMB +25%, Quantum Cats +4%
• The Runes leaders were very green after Binance announced 3 futures listings; DOG +13% at $486M mc, PUPS +50% at $72M, BDC +54% at $42M, GIZMO +40% at $12M

💰 Token, Airdrop & Protocol Tracker

Here's a rundown of major token, protocol and airdrop news from the day:

🌎 Macro Crypto and Web3

A few other Crypto and Web3 headlines that caught my eye:

• Crypto majors are red but up from a local bottom; BTC -3% at $103,800, ETH -2% at $3,300, SOL -8% at $238, XRP -6% at $3.09
• MNT (+13%), AAVE (+5%), & RAY (3%) led alts
• The Ethereum Foundation committed to using 50,000 ETH to participate in DeFi on Ethereum
• Trump picked Mark Uyeda as the interim SEC chair until a permanent chair is selected; Uyeda was critical of Genslers and the SEC's crypto approach under his guidance
• The WLF team bought over $100M in major crypto tokens including $47M each of Bitcoin and ETH
• El Salvador bought 11 more Bitcoin for its strategic reserve despite promising to slow down adoption
• Stablecoin supply has gone parabolic on Solana, surging over 50% in the past week to $9B+ with over $2B USDC minted in the past 3 days
• Utah proposed a bill for its own strategic digital assets reserve
• Memecoin majors are mostly red; DOGE +3%, SHIBA -1%, TRUMP -29%, PEPE -6%, PENGU -5%, BONK -13%, WIF -7%
• The new DOGE website went live at Doge.gov and features the dogecoin logo on the main page, leading to a 20% surge in DOGE from 0.34 to 0.4
• The WLF team secured ENS domains trumpcoin.eth, erictrump.eth and barrontrump.eth leading to speculation and new potential memecoins
• A ZACHXBT token briefly soared to $90M overnight after the team sent Zach tokens, which he proceeded to sell via liquidity pools for over $3M (token now down 90% to $9M)

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Phantom Wallet secured a massive $150M Series C round, pushing its valuation to $3 billion.

The funding round was led by Sequoia Capital and Paradigm, with participation from a16z and Variant.

The Solana-native company boasts 15 million monthly active users and $25 billion in self-custody assets.

What Are They Saying?

Co-founder and CEO Brandon Millman commented on the raise and their success: "The wallet’s rise in popularity shows that there’s a 'broader trend' in which more people are buying crypto directly with their digital wallets instead of using Coinbase Global Inc.’s exchange and other centralized platforms."

Regarding how to use the funds: "With these new resources, we plan on making bigger bets to accelerate crypto adoption and become the world’s biggest and most-trusted consumer finance platform."

Why It Matters

Phantom's raise is one of the single biggest fundraises for crypto-native companies in years.

This is a very positive sign for the future.

It also shows that crypto companies can raise capital without turning to token launches (Phantom doesn't have a token and likely won't at least for the near future).

This provides signal to other teams looking to build companies here in the US - the investment doors are back open.

Let the crypto fundraising race begin...

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

• ETH NFT leaders were mixed on the day; Punks -4% at 38.3 ETH, Pudgy even at 23.9, BAYC -1% at 15.3 ETH, Azuki +3% at 13.1 ETH, Doodles +4% to 5.18 ETH
• Keungz Genesis (+58%) and DeepBlack (+43%) led notable top movers
• BTC NFT leaders were mostly green; Bitcoin Puppets +1%, NodeMonkes +6%, OMB -10%, Quantum Cats even
• The Runes leaders were mixed; DOG +9% at $586M mc, PUPS even at $72M, BDC +1% at $38M, GIZMO -3% at $12M
• Anime Foundation announced that the Azuki ANIME coin is coming on Jan 23
• Rocktoshi's countdown has seemingly ended, with a potential announcement coming soon

💰 Token, Airdrop & Protocol Tracker

Here's a rundown of major token, protocol and airdrop news from the day:

🌎 Macro Crypto and Web3

A few other Crypto and Web3 headlines that caught my eye:

• Crypto majors are up after word of Trump making crypto a national priority, BTC leads; BTC +3% at $102,400, ETH +1% at $3,400, SOL +1% at $219, XRP -1% at $3.25
• OKB (+16%), LTC (+14%), EOS (+10%) & MOVE (10%) led alts
• Trump is expected to make crypto a national priority on day one, with Bloomberg and the NYT both reporting on expected pro-crypto actions to take place on Day 1 of his presidency 
• Senator Lummis called out the FDIC for alleged misconduct and destruction of documents tied to its digital asset oversight and investigations (operation chokepoint)
• A proposal to reduce Solana inflation went live for vote
• Nasdaq filed to list & trade the Canary Litecoin ETF
• Tether partnered with LayerZero to bring USDT0 to more blockchains 
• A "Crypto Tower" has been unveiled for Dubai, with plans for a 17-story building featuring blockchain, DeFi, and web3 companies, also featuring a gold shop, exotic car dealership and a club
• Coinbase is launching BTC-backed loans for its users powered by Morpho
• Memecoin majors are mostly green up 4-8%; DOGE +7%, SHIBA +7%, PEPE +5%, PENGU -3%, BONK +1%, WIF +1%, MOG -7%
• SPX jumps 20%, leading top movers

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• The SEC is expected to revamp crypto policy and may pause enforcement actions
• The DOJ ordered the return of the $9B in Bitfinex Bitcoin to its rightful owners
• Both Texas and Oklahoma saw formal bills introduced to create Strategic Bitcoin Reserves, and the country of Thailand is also considering allowing Bitcoin ETF listings
• Bitwise's CEO said they've had conversations with nation states about buying Bitcoin ETFs
• Trump is also apparently receptive to an American crypto reserve featuring SOL, XRP and USDC

So a pause in enforcement actions, a return of $9B in Bitfinex Bitcoin to rightful owners, more states and nations looking at Bitcoin reserves, and a potential "American crypto reserve" featuring Solana and XRP.

That's a good quarter of headlines - packed into a single day.

Why It Matters

There's a lot to unpack here.

Starting with the SEC item, pausing enforcement actions sets the tone that the Trump SEC is going to re-evaluate everything and likely let businesses operate with less stringent oversight (and hopefully put in rules of the game).

The states going after Bitcoin reserves shows us that even if Trump can't get that done at the national level, we may see at least some Red states get it done. And clearly just the chance that the US may implement has perked the attention of other nations.

Then there's the American crypto reserve item. 

This is new, but not a major surprise to anyone following XRP price action. XRP has been surging as of late and the clear top mover among crypto majors. It's up 17% on a day where ETH is up 5%, and now barely more than a 2x away from flipping ETH and becoming the #2 crypto asset.

That is a big deal.

And it's a big deal for Solana as well, which already has a big year ahead with Firedancer, reduced inflation, continued builder momentum and potential ETFs.

There is a scenario on the table where both XRP and Solana flip ETH in 2025. Even if they don't flip, they have plenty of room to run.

Buckle up, 2025 is set to become more bullish than you can even imagine...

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

• ETH NFT leaders were mostly green, led by Apes and Doodles; Punks -1% at 40 ETH, Pudgy +3% at 23.9, BAYC +7% at 15.35 ETH, Azuki +1% at 12.5 ETH, Doodles +5% to 5.15 ETH
• CDBs S3 (+23%) and Boo Bears (+21%) led notable top movers
• BTC NFT leaders were mostly red; Bitcoin Puppets -4%, NodeMonkes -5%, OMB -2%, Quantum Cats +3%
• The Runes leaders were mostly green; DOG +12% at $540M mc, PUPS +6% at $72M, BDC +6% at $37M, GIZMO +8% at $13M

💰 Token, Airdrop & Protocol Tracker

Here's a rundown of major token, protocol and airdrop news from the day:

🌎 Macro Crypto and Web3

A few other Crypto and Web3 headlines that caught my eye:

• Crypto majors are up big after soft CPI data, XRP and SOL lead; BTC +3% at $99,200, ETH +5% at $3,350, SOL +15% at $215, XRP +19% at $3.26
• ALGO (+22%), HBAR (+20%), XDC (+19%) & LTC (19%) led alts
• The SEC filed an appeal in the Ripple lawsuit to classify XRP as a security
• Donald Trump's SEC is expected to revamp crypto policy and may pause enforcement actions
• The DOJ ordered the return of the $9B in Bitfinex Bitcoin to its rightful owners
• Both Texas and Oklahoma saw formal bills introduced to create Strategic Bitcoin Reserves, and the country of Thailand is also considering allowing Bitcoin ETF listings
• Bitwise's CEO said they've had conversations with nation states about buying Bitcoin ETFs
• Trump is also apparently receptive to an American crypto reserve featuring SOL, XRP and USDC
• The RWA tokenization market is expected to hit $50B in 2025 according to Ozean
• MicroStrategy plans to raise $2B through a perpetual preferred stock offering to acquire more Bitcoin
• Memecoin majors are very green up 10-20%; DOGE +10%, SHIBA +7%, PEPE +10%, PENGU +10%, BONK +10%, WIF +18%, MOG +5%

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JP Morgan analysts have predicted that Solana and XRP ETFs could attract billions in investment.

In a recent report, JP Morgan analysts stated that upcoming Solana and XRP exchange-traded funds (ETFs) could bring in substantial investments—estimated at $4–$8 billion for Solana and $3–$6 billion for XRP.

They went on to acknowledge that while these are strong inflows, they fall far short of Bitcoin (obviously).

However, these figures fall far short of Bitcoin ETFs, which saw record-breaking success with BlackRock's iShares Bitcoin Trust amassing $50 billion in its first year.

What Are They Saying?

Regarding how the SOL and XRP ETFs would compare to ETH and BTC: "Regardless of an exact number, we think [Solana and XRP ETFs] will match if not fall below Ethereum ETP expectations given their altcoin status and, similarly, that Bitcoin remains the favored crypto token to trade and own both in spot and ETP form."

They went on to state that the "episodic nature of the crypto market is driven by varying investor sentiment and trendy new coins that may capture incremental attention for a limited time."

Why It Matters

More ETFs are coming, and it seems Solana and XRP are next up.

Solana has plenty of tailwinds from its onchain ecosystem growth, as it generates fees on par with Ethereum, dominates memecoins, leads in the AI race, and expands in DeFi, DePIN and more.

Meanwhile, XRP clearly has a retail army behind it who just love buying the token.

Each will benefit from an ETF, and both of those ETFs will have retail demand.

The real wild card here is Trump and his idea of making American-made crypto tax free.

Guess what? XRP is American made.

If XRP becomes the top tax free crypto token, and it has a shiny new ETF, it could really explode upwards.

There's even a scenario on the table where XRP flips ETH this cycle.

We will certainly see, and in the meantime - bring on the ETFs...

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

• ETH NFT leaders were mixed, led by Punks and Doodles; Punks +12% at 40.3 ETH, Pudgy -3% at 23.3, BAYC -3% at 14.25 ETH, Azuki -6% at 12.4 ETH, Doodles +9% to 4.87 ETH
• Rug Genesis (+42%) and Art DeCCOs (+42%) led top movers
• CryptoPunks saw 24 sales in the past day amidst rumors of a potential sale of their IP circulated, including a 100 ETH pilot sale
• DXNK debuted its new 2k supply collection, opening at a 0.22 ETH floor
• BTC NFT leaders were mostly red; Bitcoin Puppets -10%, NodeMonkes -2%, OMB even, Quantum Cats even
• The Runes leaders were very green; DOG -5% at $488M mc, PUPS +3% at $68M, BDC +12% at $35M, GIZMO +32% at $12M
• NBA Top Shot has 8 Moments being auctioned off at Sotheby's through Jan 21 as part of its broader NBA memorabilia sale, with Moments featuring Jaylen Wells, Bob Carrington and more

💰 Token, Airdrop & Protocol Tracker

Here's a rundown of major token, protocol and airdrop news from the day:

🌎 Macro Crypto and Web3

A few other Crypto and Web3 headlines that caught my eye:

• Crypto majors are up slightly ahead of today's CPI data, XRP leads; BTC +1% at $96,700, ETH even at $3,200, SOL even at $186, XRP +7% at $2.75
• DEXE (+13%), IOTA (+10%), LDO (+10%) led alts
• A JP Morgan report said that XRP and SOL ETFs could pull in billions in cash from investors, though not at the level of the Bitcoin ETFs
• Maker approved another $1.1B fund allocation into Ethena USDe and sUSDE
• Gary Gensler swiped at crypto perhaps one last time in an interview on Squawk Box, although he did mention that people "want to trade" Bitcoin and compared it to Gold
• Sigma Capital launched a $100M web3 venture fund in the UAE, focused on DeFi, blockchain infra, RWAs, gaming and the metaverse
• Memecoin majors are mixed this morning; DOGE +1%, SHIBA -1%, PEPE -1%, PENGU -3%, BONK -1%, WIF +1%, MOG -2%
• Coinbase added TOSHI to its roadmap, leading to a 150% spike to $130M

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What Happened?
President-elect Donald Trump is set to sign executive orders on his first day in office to reshape crypto policy.

He will start by creating a presidential crypto council of industry leaders and is then expected to dive into a series of actions.

Those proposed actions include:

• Establishing a joint crypto working group between the CFTC and SEC
• Addressing de-banking issues for American crypto companies
• Repealing a crypto accounting policy that burdens banks (SAB 121)
• Coordinating international crypto innovation through the State Department, and
• Potentially establishing Bitcoin as a national reserve asset

Bo Hines, tapped to lead Trump’s crypto council, has been soliciting policy proposals from crypto leaders in Washington

What Are They Saying

Trump's transition team emphasized crypto as a top priority, working closely with industry leaders to develop supportive policies.

A source went as far to say "The Trump team has made it very clear that this is a priority."

Brian Hughes, a spokesperson for Trump’s team, highlighted plans to position the U.S. as a leader in the crypto sector, saying: "President Trump will deliver on his promise to encourage American leadership in crypto."

It looks like he's planning to deliver.

Why It Matters

A pro-crypto President of the United States, executing on his campaign promises from day 1 and aiming to foster crypto innovation in the US and aboard, is simply not priced in.

This is literally a new paradigm.

The best we've had in the White House is agnosticism, and at worst, direct attacks (see the last 4 years under Biden / Warren).

The attacks are coming to an end. 

Crypto innovation will be fostered in America.

That means brighter minds can build in this area, who may have been on the sidelines. That means foreign-based companies can migrate here and recruit domestic talent. 

And that doesn't even scratch the surface of the impact a Bitcoin Strategic Reserve would have. 

Many have called that unlikely, but if Trump fulfills his other promises on day 1 in office, the likelihood of the Strategic Reserve has to go up (in fact the Polymarket odds are up to 36% that he'll create it in the first 100 days).

The First Crypto President is about to take office. 

Pack your bags accordingly...

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

• ETH NFT leaders were mixed, led by Pudgy and Doodles; Punks even at 36 ETH, Pudgy +6% at 24.2, BAYC +2% at 14.8 ETH, Azuki -7% at 13.2 ETH, Doodles +19% to 4.46 ETH
• Tiny Astro (+24%) and Sproto Gremlins (+18%) led notable top movers
• Doodles released another teaser in similar style of its token tease announcement with the words "make something" embedded in the video
• BTC NFT leaders were mostly green; Bitcoin Puppets +15%, NodeMonkes +8%, OMB -3%, Quantum Cats even
• The Runes leaders were very green; DOG +15% at $515M mc, PUPS +10% at $66M, BDC +15% at $31M, GIZMO +12% at $9M

💰 Token, Airdrop & Protocol Tracker

Here's a rundown of major token, protocol and airdrop news from the day:

🌎 Macro Crypto and Web3

A few other Crypto and Web3 headlines that caught my eye:

• Crypto majors rebounded majorly from yesterday's dip, up 4-6%; BTC +6% at $96,300, ETH +4% at $3,200, SOL +6% at $186, XRP +9% at $2.57
• KAS (+20%), HYPE (+17%), XDC (+17%) and AIOZ (+16%) led alts
• Tether is moving to El Salvador after acquiring a Digital Asset Service Provider license in the Bitcoin-friendly country
• Donald Trump is expected to issue several Crypto-focused executive orders on his first day according to the Washington Post, including a repeal of a crypto accounting policy (SAB 121) and de-banking of Crypto companies
• Donald Trump's inauguration will feature a "Crypto Ball" to honor him as the "first Crypto President," with tickets available for $5,000/person
• A US Court demanded the SEC explain itself for denying Coinbase's requests related to crypto regulations 
• MicroStrategy bought another $243M worth of Bitcoin at a $95,972 average this past week
• A BlackRock report said that crypto has "outpaced growth for mobile phones and the internet" in its race to 300M users
• Memecoin majors are green this morning up 6-12%; DOGE +9%, SHIBA +6%, PEPE +7%, PENGU +12%, BONK +7%, WIF +3%, MOG +11%
• Coinbase announced it will list PNUT for spot trading starting today
• BUTTHOLE rebounded 74% following the FARTCOIN move, now $47M

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• ETH NFT leaders were mostly red, led by Azuki; Punks even at 35.8 ETH, Pudgy -8% at 22.85, BAYC -6% at 14.15 ETH, Azuki +12% at 14.1 ETH
• Karma (+35%) and CyberBrokers (+33%) led notable top movers
• The Azuki ecosystem jumped 10-12% across the board after the Anime tokenomics were released, featuring 50.5% to the community, 75%+ unlocked at open and several partner communities including Kaito and Hype stakers
• BTC NFT leaders were mostly red; Bitcoin Puppets -15%, NodeMonkes -4%, OMB -3%, Quantum Cats +3%
• The Runes leaders were very red; DOG -15% at $460M mc, PUPS -15% at $60M, BDC -5% at $26M, GIZMO -5% at $8M

💰 Token, Airdrop & Protocol Tracker

Here's a rundown of major token, protocol and airdrop news from the day:

🌎 Macro Crypto and Web3

A few other Crypto and Web3 headlines that caught my eye:

• Crypto majors fell hard overnight, down 4-6% with Bitcoin losing $92k support; BTC -4% at $90,700, ETH -6% at $3,050, SOL -6% at $176, XRP -6% at $2.37
• Most alts down 6-10%, AI sector down 20%
• A new CFPB rule would make wallet makers like Consensys liable for customer losses or erroneous transactions
• Senator Lummis is set to lead a Senate sub-committee on Digital Assets
• North Dakota & New Hampshire drafted legislation for their own Strategic Bitcoin reserves
• Heritage Distilling became the latest company to adopt BTC, though subject to approval before implementation
• Memecoin majors are red this morning down 5-10%; DOGE -6%, SHIBA -7%, PEPE -9%, PENGU -11%, BONK -10%, WIF -6%, MOG -10%
• CONCHO was the memecoin runner of the night, jumping 1300% to $20M ($35M at peak)
• Moonpay announced a sponsorship of UFD founder Ron, which led to UFD soaring 80% to $230M over the weekend

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Bitcoin briefly fell below $92,000 yesterday evening before marching back up overnight to $95,000.

The rebound comes a day after the Silk Road news has had time to settle and digest, and it has become less certain that those specific coins will be sold ahead of Trump's inauguration.

With the Silk Road news seemingly shaken off, Bitcoin has rebounded and has pulled broader sectors up with it.

• The AI sector added $2B in market cap off of its local low overnight, with leaders piling in 10-30% gains
• Memecoins rebounded 1-5%
• And adults are starting to rebound as well

The question now becomes - is the local low behind us, or is more pain in store?

Looking Ahead

We may get that answer here this morning.

A key labor report comes out this morning with non-farm payrolls along with a consumer sentiment report.

It seems a softer jobs report is what crypto traders are rooting for for a near term spike. If jobs come in strong, or any other surprises, the crypto pain very well may continue through the inauguration.

We shall find out soon...

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

• ETH NFT leaders were mostly red across the board down 1-3%; Punks even at 36.3 ETH, Pudgy -4% at 25, BAYC -2% at 15.5 ETH, Azuki +1% at 12.4 ETH
• Topia Worlds (+75%), Kaito (+48%) and GLHFers (+25%) led notable top movers
• BTC NFT leaders were mostly green; Bitcoin Puppets +4%, NodeMonkes +8%, OMB even, Quantum Cats -5%
• The Runes leaders were mostly even; DOG even at $582M mc, PUPS even at $77M, BDC +3% at $36M, GIZMO even at $10M

💰 Token, Airdrop & Protocol Tracker

Here's a rundown of major token, protocol and airdrop news from the day:

🌎 Macro Crypto and Web3

A few other Crypto and Web3 headlines that caught my eye:

• Crypto majors rebounded after a day of chop; BTC +1.5% at $94,800, ETH even at $3,300, SOL even at $191, XRP even at $2.31
• SUI (+8%), OM (+5%), MKR (+7%) and FTM (+6%) led alts
• USD0 stablecoin from Usual depegs, falls to $0.87
• Mantra plans to tokenize $1B in RWA for UAE property developer DAMAC
• Arbitrum developer Offchain Labs has hired the former Nasdaq digital assets lead Ira Auerbach to lead its venture efforts
• The CFTC has asked Coinbase to turn over customer information related to Polymarket as a part of its investigation
• Memecoin majors are green this morning mostly up 1-5%; DOGE +1%, SHIBA +2%, PEPE +1%, PENGU +6%, BONK even, WIF -2%, MOG -2%

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A federal court in California approved the liquidation of 69,370 Bitcoin ($6.5B), marking the conclusion of a four-year legal battle over the crypto tied to the Silk Road dark web marketplace.

Judge Richard Seeborg denied attempts to block the forfeiture, paving the way for one of the largest government crypto sales in history.

While the ruling clears the legal path, this doesn't guarantee the Bitcoin will be immediately sold.

Though there are questions out there if it indeed has already been sold, and how much.

Many are pointing to the $2B moved to Coinbase in December and speculating it has already been sold. 

Why It Matters

We have seen governments sell before.

Back in July, the German government sold 50k seized Bitcoin at an average price of $57,600 raising $2.88B (terrible sales in hindsight).

That selling did drag down the price of Bitcoin for a few weeks, but of course, the price has now soared nearly 100% since then.

So the question is - how much of an impact will this US government selling have? And how much (if any) has already been completed?

What jumps out to me is how little Bitcoin has moved since this news broke.

It's down from ~$95k to $93,500. That's a -1.5% move.

For a headline this big, I would've expected more panic selling. Which makes me believe that perhaps it already happened, and this is what drove the sudden dip from $102k on Monday to $94k.

The other key impact/question here is - will this light a fire under Trump to back Bitcoin even more?

This feels like a direct slap in the face to him, who said "Never sell your Bitcoin" back in August. The Bitcoin Strategic Reserve plan was built around first keeping the Silk Road Bitcoin and then maybe buying on the open market.

If the Silk Road Bitcoin is gone, the only choices are to 1) abandon the plan or 2) market buy Bitcoin.

Option 1 would likely hurt prices in the short term. Option 2 would lead to euphoria.

We will soon find out which path he takes. And the federal courts may have just forced his hand...

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

• ETH NFT leaders were red across the board down 3-5%; Punks -5% at 36.3 ETH, Pudgy -5% at 26, BAYC -3% at 15.75 ETH, Azuki -2% at 12.3 ETH
• OCH Genesis (+12%) and Kaito (+12%) led notable top movers
• BTC NFT leaders were mixed; Bitcoin Puppets -2%, NodeMonkes -2%, OMB +3%, Quantum Cats even
• The Runes leaders were mostly red; DOG -2% at $582M mc, PUPS +2% at $77M, BDC -5% at $35M, GIZMO -7% at $10M
• Yuga CEO Garga announced that the first iteration of a "persistent" The Otherside metaverse is coming this June, meaning it will be ongoing and not event-based
• Trump Bitcoin Digital Trading Cards went live on Wednesday for those who purchased 100 of the Mugshot editions, currently at a 0.2 BTC floor

💰 Token, Airdrop & Protocol Tracker

Here's a rundown of major token, protocol and airdrop news from the day:

🌎 Macro Crypto and Web3

A few other Crypto and Web3 headlines that caught my eye:

• Crypto majors fell another 1-2% as the dip continues; BTC -1.5% at $93,600, ETH -1% at $3,300, SOL -2% at $191, XRP -2% at $2.31
• NEO (+6%), KAIA (+5%), MKR (+4%) and FLOW (+4%) led alts
• Two new companies added Bitcoin to their balance sheets this week, including Thumzup Medai and KULR, buying $1M and $21M respectively 
• Oklahoma Senator Dusty Deevers introduced a bill to legalize Bitcoin payments in the state, across agencies, private companies and individuals
• Terra founder Do Kwon's trial was set for Jan 2026
• Memecoin majors are red this morning mostly down 2-4%; DOGE -4%, SHIBA -1%, PEPE -3%, PENGU -9%, BONK -4%, WIF -12%, MOG -8%

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