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The three major indices of the U.S. stock market are showing mixed trends. The Nasdaq Composite is trading at 19,914.94 points, down 0.47% from the previous day as of 00:00 on the 24th. The Dow Jones Industrial Average is up 0.24% at 44,263.67 points, while the S&P 500 is down 0.07% at 6,082.14 points.
The three major indices of the United States stock market closed with gains. The Nasdaq Composite index recorded a 1.28% increase, closing at 29.34 points on the 23rd. The Dow Jones index rose by 0.30%, ending at 44,156.12 points, while the S&P 500 index increased by 0.61%, closing at 6,086.28 points.
According to The Block, a cryptocurrency-focused media outlet, on the 22nd (local time), Solana's (SOL) DEX trading volume ratio compared to Ethereum (ETH) in January was 268%, a significant increase from the same period last year (53%). During this period, Solana processed a trading volume of $122 billion, while Ethereum only managed $45 billion. Among these, Raydium led the Solana ecosystem with a weekly trading volume of $32 billion. Ethereum's Uniswap processed $20 billion during the same period.
Cathie Wood, the founder of the global financial investment firm Ark Invest, stated in an interview with Bloomberg on the 22nd (local time) regarding the meme coin Official Trump (TRUMP), "It's a meme coin. I'm not a buyer because I only hold the Big Three tokens (BTC, ETH, SOL)." She added, "However, I don't think it's terrible," and "A new phase is opening, and I think it might be useful someday."
According to the virtual asset (cryptocurrency) market insight platform Unfolded, the Chicago Mercantile Exchange (CME) plans to launch Ripple (XRP) and Solana (SOL) futures contracts on February 10th, after completing regulatory review.
On the 22nd (local time), cryptocurrency-focused media outlet CoinDesk reported, citing industry experts, that "as U.S. President Donald Trump announced the launch of the Official Trump (TRUMP) meme coin, some voices in the crypto industry are criticizing it." The media stated, "Meme coins are a representative use case of blockchain technology," but also noted, "However, for many developers, meme coins can be perceived as a means to get rich quickly." It continued, "This could result in undermining the credibility of the crypto industry, and the launch of the TRUMP meme coin could lead to conflicts of interest among meme coin stakeholders in the future." Anthony Scaramucci, founder of the U.S. hedge fund SkyBridge Capital, pointed out, "The biggest issue with President Donald Trump launching the TRUMP meme coin is that anyone in the world can deposit money into the U.S. President's account with just a few clicks."
Changpeng Zhao, former CEO of Binance, stated on the 22nd (local time) via X (formerly Twitter), "I have not seen anyone claim to have lost money holding Bitcoin (BTC) and Binance Coin (BNB) over the past four years," adding, "Of course, the future is uncertain."
Eleanor Terrett, a Fox Business reporter, reported on the 22nd (local time) via X (formerly Twitter) that "US Congressman Warren Davidson stated today at the House Ways and Means Committee that the Biden Administration should repeal the cryptocurrency tax policy it introduced." She added, "The Ways and Means Committee is one of the main committees responsible for the United States' tax policy, and Davidson has emphasized the need for clear and consistent regulatory guidelines for digital assets since last year."
On the 22nd (local time), cryptocurrency-focused media outlet Cointelegraph, citing data from UK-based digital asset investment solutions provider Copper, reported that "prior to President Trump's inauguration, the launch of the Solana (SOL)-based Trump meme coin (TRUMP) led to Solana's daily active addresses surpassing 9 million, marking an all-time high." The media outlet explained, "Since last year, Solana has established itself as a key network for launching meme coins," adding that "with the meme coin craze, Solana's active addresses surpassed 100 million as of October last year." Furthermore, it added, "Compared to the 500,000 monthly active addresses in early 2024, this is a remarkable achievement."
On the 22nd (local time), according to the cryptocurrency-focused media CoinDesk, Grant Cardone, a self-made millionaire and bestselling author, has launched an $88 million fund combining Bitcoin (BTC) and real estate. This fund invests in Bitcoin using cash flow generated from real estate. The target asset ratio is 70% real estate and 30% Bitcoin, with plans to use monthly real estate cash flow to purchase Bitcoin over the next four years. Currently, the fund's asset ratio is 85% real estate and 15% Bitcoin. In an interview, Grant Cardone stated, "This particular model is something no one has tried," and "the response from investors is tremendous."
According to Decrypt, a cryptocurrency-focused media outlet, on the 22nd (local time), Standard Chartered recently reported that "more capital will flow into the cryptocurrency market this year compared to last year, and following major institutional investors, pension funds are also expected to include Bitcoin (BTC) and Ethereum (ETH) in their portfolios." Furthermore, it analyzed that "if a favorable environment for the cryptocurrency industry is established following the inauguration of the Trump administration's second term, BTC could rise to $200,000 and ETH to $10,000 by the end of this year."
Bitcoin (BTC) has temporarily dropped below the $104,000 mark. Meanwhile, BTC is trading at $103,902.85, down 0.14% from the previous day, as of 01:02 on the 23rd, based on the Binance Tether (USDT) market.
Blockchain data analysis firm Arkam reported on the 22nd (local time) via X (formerly Twitter) that "the DeFi protocol World Liberty Financial (WLFI), led by the Trump family, is staking approximately 10,000 Ethereum (ETH, about $33 million) on the cryptocurrency staking platform Lido (LDO)." They added, "This places them in the top 0.1% of institutional investors holding stETH in Lido staking."
According to Bloomberg on the 22nd (local time), Coinbase has filed an interlocutory appeal with the United States Court of Appeals for the Second Circuit regarding the issue of 'securities trading.' Court documents indicate that Coinbase stated, "Virtual assets (cryptocurrencies) fall outside the regulatory scope of the U.S. Securities and Exchange Commission (SEC), unlike stocks," and "Investors trade anonymously, and their virtual asset transactions do not constitute contracts between investors." They further explained, "Rather, it pertains to legitimate asset sales." Previously, on the 7th (local time), Judge Katherine Polk Failla of the United States District Court for the Southern District of New York had granted Coinbase's motion for a preliminary injunction to file an interlocutory appeal in its lawsuit against the U.S. SEC.
The three major indices of the U.S. stock market are showing an upward trend. As of 00:18 on the 23rd, the Nasdaq Composite Index is trading at 20,015.64 points, up 1.31% from the previous day. The Dow Jones Index is up 0.31% at 44,161.16 points, and the S&P 500 Index is recording a 0.64% rise at 6,087.88 points.
The three major indices of the U.S. stock market closed higher. The Nasdaq Composite Index rose by 0.64% compared to the previous session on the 22nd, reaching 19,756.35 points. The Dow Jones Index increased by 1.23% to 44,022.28 points, and the S&P 500 Index ended trading at 6,049.30 points, up 0.88%.
Bitcoin (BTC) temporarily dropped below the $106,000 mark. Meanwhile, as of 05:44 on the 22nd, BTC is trading at $105,948.43 on the Binance Tether (USDT) market, up 1.93% from the previous day.
According to the cryptocurrency-focused media outlet Watcher Guru's X (formerly Twitter) account on the 21st (local time), crypto-friendly U.S. Senator Cynthia Lummis stated, "The future of Bitcoin (BTC) and digital assets in the United States is brighter than ever." Meanwhile, BTC is trading at $106,277.69, up 2.29% from the previous day, as of 05:41 on the 22nd, based on the Binance Tether (USDT) market.
On the 21st (local time), according to the cryptocurrency media Decrypt, Brian Armstrong, the CEO of Coinbase, stated in an interview with CNBC, "We have witnessed the remarkable growth of cryptocurrencies, and yesterday Bitcoin (BTC) hit an all-time high." He added, "In the future, BTC will reach millions of dollars." Meanwhile, on the 22nd at 04:08, BTC is trading at $106,706.64, up 3.27% from the previous day, based on the Binance Tether (USDT) market.
According to The Block, a cryptocurrency-focused media outlet, Robinhood has launched a localized version of its trading application in Spain on the 21st (local time). Through this app, users can access trading, staking, and investment services. Previously, Robinhood announced plans to expand its services to the EU, UK, and Asia last year.
Bitcoin (BTC) temporarily recovered the $107,000 level. Meanwhile, BTC is trading at $107,144.01, up 2.82% from the previous day, as of 03:38 on the 22nd in the Binance Tether (USDT) market.
On the 21st (local time), according to the virtual asset (cryptocurrency) market insight platform Unfolded, Mark Uyeda, the Acting Chairman of the US Securities and Exchange Commission (SEC), announced the launch of a new virtual asset task force (TF). This TF will be responsible for establishing a comprehensive and clear regulatory framework for virtual assets, and SEC Commissioner Hester Peirce is expected to lead the TF. Regarding this, the SEC stated, "So far, we have regulated virtual assets through enforcement methods, and in this process, unverified legal interpretations have been adopted," adding, "There was a lack of clarity and practical solutions regarding the scope of registration, resulting in confusion about legality and creating an environment that fosters fraud." Furthermore, "The SEC can provide better regulation," explaining that "the TF will operate within the legal framework provided by Congress and will collaborate with federal departments and agencies, including the Commodity Futures Trading Commission (CFTC), as well as international organizations." The TF is expected to conduct related roundtable meetings in the future.
U.S. asset management company REX Shares has applied for seven exchange-traded funds (ETFs), including Dogecoin (DOGE) and Official Trump (TRUMP). Eric Balchunas, Bloomberg's senior ETF analyst, stated on the 21st (local time) via X (formerly Twitter) that "theoretically, these ETFs could hit the market before Ripple, Solana (SOL), and Litecoin (LTC) ETFs." He added, "REX Shares applied for these ETFs under the 'Investment Company Act of 1940,' which features an automatic approval process approximately 75 days later if there are no special issues," noting that "while Ripple, SOL, and LTC ETFs have a 240-day review period, REX Shares ETFs could be launched as early as early April this year."
Bitcoin (BTC) temporarily recovered to the $106,000 level. Meanwhile, BTC is trading at $106,407.56, up 1.52% from the previous day, as of 01:15 on the 22nd, based on the Binance Tether (USDT) market.
Bitcoin (BTC) temporarily recovered to the $105,000 level. Meanwhile, BTC is trading at $105,184.90, down 0.19% from the previous day, based on the Binance Tether (USDT) market as of 01:10 on the 22nd.
On the 21st (local time), cryptocurrency specialist media Cointelegraph cited multiple industry insiders to analyze that the launch of a meme coin by the family of Donald Trump, the former President of the United States, could actually lead to increased regulation by the U.S. Securities and Exchange Commission (SEC). Anndy Lian, a cryptocurrency expert, commented on this, saying, "The launch of a meme coin by a president has blurred the lines between entertainment, politics, and finance," and explained, "As a result, the SEC is now in a position where it must decide whether to strengthen regulations further or to adapt to reality by providing clearer guidelines." Furthermore, Steve Milton, former Vice President of Global Marketing at Binance, emphasized, "The Trump family's meme coin is both a step forward and a step back for cryptocurrency," adding, "The Trump era is marked by a banner of innovation and competition in America, but if the involved party launches a meme coin, the gray area (regulatory gap) will widen." He also added, "Speculation due to meme coins is one of the areas the SEC needs to prevent," and "In such a situation, if a president issues a meme coin, regulatory uncertainty may only increase."
According to The Block, a cryptocurrency-focused media outlet, MicroStrategy (MSTR) shareholders have approved a plan to increase the stock issuance limit for additional Bitcoin (BTC) purchases. This includes Class A common stock and preferred stock. Previously, MicroStrategy announced the so-called '21/21 Plan' to raise an additional $21 billion in capital and debt over the next three years to purchase BTC. This move is known to be part of the 21/21 Plan.
On the 21st (local time), cryptocurrency-focused media outlet CoinDesk reported, citing sources, that the Swiss-based cryptocurrency exchange Smart Valor is considering selling part or all of its business. The acquisition process is being led by investment bank Imperii Partners, with potential buyers reportedly including major exchanges, asset management firms, and retail brokerages. Meanwhile, the acquisition bids are expected to be submitted by the 24th (local time).
Bitcoin (BTC) temporarily recovered the $104,000 level. Meanwhile, BTC is trading at $104,080 on the Binance Tether (USDT) market as of 00:42 on the 22nd, down 2.49% from the previous day.
According to the cryptocurrency-focused media The Block on the 21st (local time), Bitwise reported that "if the United States uses Bitcoin (BTC) as 'portfolio insurance' against national default risk, the fair value of BTC could exceed $219,000 per unit." The report stated, "Major economies such as the United Kingdom, France, and the United States are facing increasing national debt risks," adding, "The UK is at the peak of market concerns over soaring interest costs and loan demand, while the US is on the brink of a $36 trillion debt ceiling." It continued, "In such a situation, Bitcoin can serve as a hedge against default in major government bond baskets," but added, "However, due to Bitcoin's high volatility, it may not be an attractive option for investors seeking stability."