<Today's Major Economic Schedule> ▶︎27th (Mon): △China Manufacturing Purchasing Managers' Index △US Wholesale Sales <Today's Major Cryptocurrency Schedule> ▶︎27th (Mon): △Tron (TRX), 2024 Q4 Recap
It has been revealed that the first 200 executive orders signed by U.S. President Donald Trump early in his term include content related to virtual assets (cryptocurrencies). On the 21st (local time), David Bailey, CEO of Bitcoin Magazine and former cryptocurrency advisor to the Trump campaign, stated on X (formerly Twitter) that "it has been confirmed that the first 200 executive orders signed by the Trump administration early in its term include content related to virtual assets." He added, "I don't know what is included yet, but it's good news." Meanwhile, it was expected that executive orders related to virtual assets would be issued on Trump's first day in office, but contrary to expectations, there were no related executive orders.
El Salvador, which has adopted Bitcoin (BTC) as legal tender, has been confirmed to have purchased an additional 12 Bitcoins in a single day. According to Cointelegraph on the 21st (local time), El Salvador purchased 12 more Bitcoins in one day, despite agreeing to reduce virtual asset-related activities through an agreement with the International Monetary Fund (IMF). As a result, El Salvador is currently holding 6044 BTC (approximately $610 million). Meanwhile, last month, El Salvador's President Nayib Bukele signed a $1.4 billion funding agreement with the IMF. As part of the agreement, the country agreed to reduce some of its virtual asset-related activities, but this additional purchase is interpreted as indicating no change in its Bitcoin policy stance.
According to the top gainers on the AI-based Web3 search platform Kaito's Token Mindshare (a metric quantifying the influence of specific tokens in the crypto market), the top 5 crypto-related keywords currently attracting the most attention on the 21st are Bitcoin (BTC), Wrapped Bitcoin (WBTC), Aave (AAVE), TRON (TRX), and Etena (ENA). Bitcoin is speculated to have increased mentions online as its decline intensified due to the lack of crypto-related executive orders following Donald Trump's inauguration as U.S. President. The previous day, Bitcoin surpassed $109,000, hitting an all-time high, but it is currently trading at $102,497.94 on CoinMarketCap as the price declines. In the case of Wrapped Bitcoin, it drew attention after an address suspected to be associated with the Trump family-led DeFi protocol World Liberty Financial (WLFI) purchased $4.7 million worth of Wrapped Bitcoin right after Trump's inauguration. Similarly, Aave, TRON, and Etena also caught attention as World Liberty Financial made additional purchases today. According to blockchain analytics firm Spot On Chain, World Liberty Financial spent $109.1 million today to purchase six cryptocurrencies, including 21,425 ETH ($71.5 million), WBTC, Chainlink (LINK), TRX, AAVE, and ENA. Meanwhile, TRON is trading at $0.2387, up 4.32% from the previous day on CoinMarketCap, and Aave is trading at $340.22, up 8.67% from the previous day. Etena also recorded a 3.44% increase, trading at $0.8481 on CoinMarketCap. Additionally, investors are showing interest in Coinbase, Nillion, Ethereum Name Service (ENS), Verachain (BERA), and Arbitrum (ARB).
It is anticipated that President Donald Trump will sign an executive order related to the establishment of a cryptocurrency committee. On the 21st (local time), Eleanor Terrett, a Fox Business reporter, stated on her X (formerly Twitter) that "cryptocurrency policy leaders expect Trump to sign an executive order establishing a cryptocurrency committee and banning CBDC." However, it is unclear when Trump will sign such an executive order. Meanwhile, there was no cryptocurrency-related executive order on Trump's first day in office.
President Donald Trump is expected to soon pardon the founder of the dark web-based online market, Silk Road. On the 21st (local time), Elon Musk, CEO of Tesla, stated on X (formerly Twitter) that "President Trump will pardon Ross Ulbricht, the founder of Silk Road." Previously, in May of last year, Trump had promised to pardon Ross Ulbricht if he succeeded in his re-election campaign. Meanwhile, Ulbricht founded Silk Road in 2011, which operated with a Bitcoin payment system under the name 'Dread Pirate Roberts.' In 2015, he was convicted on multiple charges related to the operation of Silk Road, including money laundering, by a U.S. federal court and is currently serving his sentence.
The DeFi protocol World Liberty Financial (WLFI), led by the family of Donald Trump, has been identified as holding the most cryptocurrency in Ethereum (ETH). According to Arkham data cited by WuBlockchain on the 21st (local time), World Liberty Financial currently holds 56,969 ETH, which is equivalent to approximately $184 million, accounting for 57% of its total assets. Other major cryptocurrencies held by World Liberty Financial include 54 million USD Coin (USDC) and 456,777 Wrapped Bitcoin (WBTC).
Recently, the stablecoin trading volume on Solana (SOL) has significantly increased over the past week. According to the blockchain analytics firm Lookonchain on the 21st (local time), the trading volume of stablecoins such as Tether (USDT) and USD Coin (USDC) on Solana increased by $3.13 billion compared to the previous week. This is approximately a 4.5 trillion won increase in Korean currency. Meanwhile, during the same period, the stablecoin trading volume on Ethereum (ETH) increased by $652 million (938.9 billion won).
It was expected that Donald Trump would issue an executive order on virtual assets (cryptocurrency) on his first day in office, but it appears that no such order was issued. On the 21st (local time), the virtual asset news specialist X (formerly Twitter) account db reported, "It seems there is no executive order related to virtual assets on President Trump's first day in office. Trump has currently completed signing executive orders." Meanwhile, Trump did not mention virtual assets during his inauguration. This has triggered a decline in Bitcoin (BTC) prices, with Bitcoin currently trading at $101,000 on CoinMarketCap.
The Department of Government Efficiency, led by Elon Musk, CEO of Tesla, has been officially established. According to Watcher Guru on the 21st (local time), U.S. President Donald Trump signed an executive order to establish the Department of Government Efficiency (D.O.G.E). Meanwhile, the Department of Government Efficiency is a department organized to reduce the U.S. government's indiscriminate budget spending. Previously, with Vivek Ramaswamy leaving the department, Musk is expected to lead the department as its sole head.
Elon Musk, CEO of Tesla, has become the sole head of the U.S. Department of Government Efficiency (DOGE). According to Decrypt on the 21st (local time), Vivek Ramaswamy, who was expected to lead DOGE alongside Elon Musk, has decided to leave the department. Ramaswamy is reportedly stepping down from his position at DOGE to run for governor of Ohio. As a result, Musk is expected to lead DOGE on his own.
Jeremy Allaire, CEO of Circle, has called for the repeal of anti-crypto regulations. According to CryptoPotato on the 21st (local time), Jeremy Allaire stated at the World Economic Forum (WEF) in Davos, Switzerland, that "to advance the crypto market, it is urgent to repeal anti-crypto regulations like the U.S. Securities and Exchange Commission (SEC)'s Staff Accounting Bulletin No. 121 (SAB 121)." He also emphasized that "such regulations are bad laws that make it difficult for banks and other financial institutions to hold crypto assets. Repealing these regulations could break down the barriers between traditional finance and digital assets."
<Today's Major Economic Events> ▶︎Tuesday, 21st: △Korea December Producer Price Index <Today's Major Cryptocurrency Events> ▶︎Tuesday, 21st: △Fasttoken (FTN) 20 million tokens unlocked
An analysis has emerged that short-term holders of Bitcoin (BTC) are selling at a loss. On the 21st (local time), CryptoQuant author Darkfost reported, "Recently, the Short-Term Holder (STH) SOPR multiple has entered negative territory. This means that short-term holders are currently selling Bitcoin at a loss." The author continued, "Two scenarios could unfold going forward. If short-term holders decide to hold without incurring losses, their purchase price could serve as a strong support level. Conversely, if short-term holders engage in mass selling, the market could experience a significant decline."
Donald Trump, the President of the United States, is expected to issue an economic executive order at 8 AM. On the 21st (local time), David Bailey, CEO of Bitcoin Magazine, posted a memo photo on his X (formerly Twitter) stating, "The Trump second-term administration will announce an economic executive order around 8 AM (Korean time) today." Meanwhile, Trump's first executive order was to declare a state of emergency at the southern border of the United States, and it did not include any policies related to virtual assets.
The United States Senate Banking Committee is set to conduct confirmation votes for several subcommittees, including the Digital Assets Subcommittee. On the 21st (local time), Eleanor Terrett, a Fox Business reporter, announced on X (formerly Twitter) that "the US Senate Banking Committee will hold confirmation votes for the chairs and members of various subcommittees, including the Virtual Assets Subcommittee, at midnight on the 24th (Korean time)." Meanwhile, the US Senate Banking Committee recently established its first Virtual Assets Subcommittee. Cynthia Lummis, a senator with a pro-virtual assets stance, has been tentatively appointed as the chair of this subcommittee, and her appointment and confirmation will be decided through voting.
The DeFi protocol World Liberty Financial (WLFI), led by the Donald Trump family, reportedly staked over $15 million worth of Ethereum (ETH) in Lido (LDO) early this morning. According to Arkham data cited by Wu Blockchain on the 21st (local time), World Liberty Financial staked 4747 ETH (approximately $15.75 million) on the cryptocurrency staking platform Lido about an hour ago.
An analysis has emerged suggesting that the launch of a meme coin by Donald Trump, the President of the United States, has opened a new virtual asset (cryptocurrency) market. According to Decrypt on the 21st (local time), Bernstein stated, "A new chaotic virtual asset era has begun with Donald Trump's inauguration," and analyzed that "Trump has his own meme coin, signaling the advent of a new virtual asset era." Furthermore, they added, "The launch of meme coins allows virtual asset developers to accelerate innovation, and for politicians, it provides a means to directly appeal to the public and raise funds."
A suspected address of the DeFi protocol World Liberty Financial (WLFI), led by the Trump family, has reportedly purchased a total of 5 Ethereum Name Service (ENS) domains in one day. According to Etherscan data cited by Ublockchain on the 20th (local time), World Liberty Financial purchased four domains including WorldLiberty.eth, trumpcoin.eth, erictrump.eth, and barrontrump.eth in the early hours. It is understood that they later purchased two additional ENS domains, '9290.eth' and 'yatogame.eth', about an hour ago, bringing the total to six domains.
There is a suggestion that Donald Trump, the President-elect of the United States, should airdrop his official meme coin, 'TRUMP', to American citizens. On the 20th (local time), Balaji Srinivasan, former Chief Technology Officer (CTO) of Coinbase, stated on his X (formerly Twitter), "Trump should airdrop the meme coin TRUMP to every American citizen. No politician has ever attempted to give money to people through an airdrop." He added, "Trump could give $100 worth of TRUMP to 77 million Trump-supporting voters. It would only cost $7.7 billion."
According to the top gainers on Kaito, an AI-based Web3 search platform, the top five cryptocurrency-related keywords currently attracting the most attention as of the 20th are Solana (SOL), Ethereum (ETH), Tether (USDT), Bitcoin (BTC), and Coinbase. Solana has gained attention as Donald Trump issued the official meme coin 'TRUMP' on Solana. As a result, Solana once surpassed the $290 mark, reaching an all-time high. Currently, Solana is trading at $239.93 on CoinMarketCap, down 8.42% from the previous day. Ethereum has caught investors' attention as World Liberty Financial (WLFI), led by the Trump family, reportedly purchased 14,403 ETH (totaling $48 million) in just half a day. Currently, Ethereum is trading at $3,256.06 on CoinMarketCap, down 1.19% from the previous day. Tether (USDT) has garnered interest following an announcement to expand its U.S. operations after Trump's inauguration. Previously, Paolo Ardoino stated in an interview with Bloomberg that "once regulatory clarity is established following Donald Trump's inauguration as U.S. President, we will expand our U.S. operations." Bitcoin is speculated to have increased online mentions as price volatility expanded with Trump's inauguration approaching. This morning, Bitcoin fell below the $100,000 mark but quickly rebounded, currently trading at $102,289.06 on CoinMarketCap. Meanwhile, according to The Block, Trump claimed that "the stock market surged after the U.S. presidential election, and Bitcoin hit consecutive all-time highs," attributing it all to the 'Trump effect.' Coinbase has drawn attention by adding Trump's official meme coin TRUMP to its roadmap. It is already understood that Binance has listed TRUMP perpetual futures. Additionally, investors are showing interest in Fartcoin, Fantom (FTM), USD Coin (USDC), Raydium (RAY), and COW Protocol.
An analysis has emerged that the issuance of official meme coins by the family of Donald Trump, the President-elect of the United States, has impacted altcoins. On the 20th (local time), WuBlockchain reported on X (formerly Twitter) that "most altcoins are showing a downward trend due to the issuance of meme coins by the Trump family." Furthermore, it explained, "AI Agent Coin fell by 12.08%, DeFi AI by 14.90%, DeFi by 6.94%, Layer 1 by 6.99%, Meme Coin by 7.53%, and Layer 2 by 10.59%." Previously, the Trump family had issued the meme coins 'Official Trump (TRUMP)' and 'Melania (MELANIA)'.
World Liberty Financial (WLFI), a DeFi protocol led by the Trump family, announced an additional sale of tokens following the sell-out of their pre-sale allocation. On the 20th (local time), World Liberty Financial announced on their official X (formerly Twitter), "Due to the overwhelming support for World Liberty Financial tokens, we will be selling an additional 5% of the token supply." Previously, World Liberty Financial had pre-sold 20% of the token supply, all of which was reported to have sold out. Details regarding the additional sale will be disclosed later.
The DeFi protocol World Liberty Financial (WLFI), led by the Trump family, is garnering significant attention ahead of Trump's inauguration. On the 20th (local time), cryptocurrency news specialist db reported via X (formerly Twitter) that "the pre-sale tokens of World Liberty Financial, led by the Trump family, have sold out." Meanwhile, according to on-chain analyst AmberCN, World Liberty Financial has purchased 14,403 ETH (approximately $48 million) in the past 11 hours.
Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), has officially stepped down from his position. On the 20th (local time), well-known cryptocurrency trader MartyParty announced on X (formerly Twitter) that "Gensler has officially resigned as SEC Chairman," and posted his SEC speech. Previously, President Donald Trump had stated that he would fire Gensler immediately upon taking office. Former SEC Commissioner Paul Atkins, known for his pro-cryptocurrency stance, has been nominated as the next chairman.
The Kaia DLT Foundation (hereinafter referred to as the Foundation), established to expand the domestic and international business of the global Layer 1 blockchain platform Kaia, announced on the 20th that it has integrated various solutions of the digital asset management and blockchain business building platform 'Fireblocks' into the Kaia blockchain ecosystem. The integration of Fireblocks helps Kaia ecosystem partners, including institutions, to develop and operate Web3 applications in a safer and more convenient environment. In particular, participants in the Kaia ecosystem can utilize Fireblocks' large-scale MPC (Multi-Party Computation) wallet development, blockchain payment system construction, and decentralized application development platform. Additionally, Fireblocks' distributed private key management solution and end-to-end security protocol within the MPC wallet development solution will minimize the risk of Kaia DApps being compromised by on-off-chain attack attempts. Moreover, Fireblocks' API (Application Programming Interface) integration solution enhances the convenience of building Web3 financial services. The application of Fireblocks infrastructure is expected to provide faster, safer, and more scalable solutions to institutional participants within the Kaia ecosystem, further promoting the popularization of blockchain. Amy Zhang, Head of APAC at Fireblocks, said, "The integration of Fireblocks solutions into the Kaia ecosystem reflects our direction to provide the necessary tools for institutions to safely and smoothly adopt blockchain technology," adding, "Now, Kaia ecosystem partners can confidently expand their businesses while mitigating risks by leveraging leading MPC technology and a proven platform, providing Web3 services to millions of users across Asia." Suh Sang-min, Chairman of the Kaia DLT Foundation, added, "The collaboration with Fireblocks is a significant advancement in enhancing the scalability and security of the Kaia blockchain ecosystem, and the newly added solutions enable efficient access to global regulatory standards for institutional participants," adding, "In the future, Kaia will continue to select and introduce excellent infrastructure to enable ecosystem participants to access Web3 finance more easily and safely."
![Photo=Robert Samuels X] (%s) It has been revealed that the CEOs of MicroStrategy and Bitcoin (BTC) mining company Mara Holdings gathered with the Trump administration's cabinet. On the 20th (local time), Robert Samuels, Vice President of Mara Holdings, shared on his X (formerly Twitter) that "Fred Thiel, CEO of Mara Holdings, and Michael Saylor, founder of MicroStrategy, met with the Trump administration's cabinet at the Vice President's reception and dinner." The photos he released included pictures of Vice President JD Vance and his wife, along with Michael Saylor and Fred Thiel.
The price volatility of Bitcoin (BTC) has intensified, causing its price to fall below $100,000. As of 9:48 AM on the 20th, according to CoinMarketCap, Bitcoin is trading at $99,611.24, down 4.48% from the previous day. On the Upbit KRW market, it is trading at 152,321,000 KRW, down 1.2% from the previous day. Meanwhile, major altcoins, including Ethereum (ETH), continue to decline. Ethereum is trading at $3,150.38, down 4.78% from the previous day on CoinMarketCap, and Ripple is trading at $2.95, down 9.22% from the previous day. Additionally, Solana (SOL) is down 7.95% at $240.15, and Binance Coin (BNB) is down 4.97% at $676.84.
It has been revealed that major domestic virtual asset (cryptocurrency) exchanges have submitted plans to the financial authorities containing measures to respond to on-site inspections related to system failures. According to industry sources on the 20th, Upbit, Bithumb, and Coinone, the Korean won virtual asset exchanges, submitted countermeasures related to system failures that occurred after the declaration of martial law last month to the Financial Supervisory Service. Previously, on the 3rd of last month, there was a delay in access during the martial law situation at these exchanges. In response, the exchanges prepared measures to prevent similar system failures in the future and delivered them to the Financial Supervisory Service. It is understood that this includes adding a contract to temporarily expand additional available capacity when traffic exceeds a certain amount, based on exchanges using Amazon Web Services (AWS) cloud.
<Today's Major Economic Events> ▶︎20th (Mon): △People's Bank of China January Loan Prime Rate △Japan November Industrial Production <Today's Major Cryptocurrency Events> ▶︎20th (Mon): △Degen (DEGEN) Distribution