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From Campaign Promise to Policy, Trump’s Bitcoin Reserve Plan
News on the Blockchain
January 17, 2025
News on the Blockchain, January 17th, 2025
Confidence in Knowledge. Not Financial Advice.
🌍 Daily Crypto Market Overview
Global Stats:
Cryptocurrencies: 9.48M+
Exchanges: 778
Market Cap: $3.58T (+2.33%)
24h Volume: $156.65B (-0.65%)
Bitcoin Dominance: 56.36%
Ethereum Dominance: 11.40%
ETH Gas Price: 4.07 Gwei
Fear & Greed Index: 57 (Neutral)
🪙 Top 5 Cryptocurrencies by Market Cap:
Name | Price | 24h Change | Market Cap | 24h Volume |
|---|---|---|---|---|
Bitcoin | $101,659.31 | +1.97% | $2.01T | $56.10B |
Ethereum | $3,376.82 | -0.44% | $406.90B | $27.13B |
Tether | $0.9997 | -0.03% | $137.42B | $123.22B |
BNB | $714.91 | +0.64% | $102.95B | $1.92B |
Solana | $213.12 | +5.03% | $103.68B | $6.13B |
💹 Market Highlights:
Total DeFi Volume: $10.77B (6.88% of total 24h volume)
Stablecoins Volume: $141.15B (90.11% of total 24h volume)
Coin with highest % change: HBAR (+23.19%)
🚀 Trending on DexScan:
TRUMP/SOL: $0.002968 (+1035%)
MAGACOIN/SOL: $0.0005339 (+144%)
ROSSCOIN/SOL: $0.01364 (+4467%)
Soneium/SOL: $0.0001111 (+204%)
SSR/SOL: $0.0007304 (+3479%)
📈 Preview On Today’s News:
- From Campaign Promise to Policy, Trump’s Bitcoin Reserve Plan
- Coinbase Revives Bitcoin Loans for US Users Through Morpho Partnership
- Trump Eyes Strategic Crypto Reserve for Solana, XRP
Keep reading below for more!
Today’s News:
1)
From Campaign Promise to Policy, Trump’s Bitcoin Reserve Plan
President-elect Donald Trump has announced plans to make cryptocurrency a “National Priority” upon his inauguration, signaling a major shift in U.S. crypto policy. The proposed measures include the creation of a crypto advisory council to integrate industry perspectives into policymaking, executive orders addressing de-banking and controversial crypto accounting rules, and the establishment of a Bitcoin reserve. Experts suggest that this move could position the U.S. as a global leader in the crypto industry, with Trump aiming to foster innovation while addressing regulatory barriers. Bitcoin has already surged 44%, nearing $100,000, fueled by market optimism about these potential changes.
Donald Trump's proposed policies include a crypto advisory council, executive orders on de-banking, and establishing a Bitcoin reserve to pay off national debt.
These moves have already driven a 44% rally in Bitcoin, with experts predicting further surges as the U.S. potentially becomes a global crypto leader.
2)
Coinbase Revives Bitcoin Loans for US Users Through Morpho Partnership
Coinbase has officially relaunched Bitcoin loans for U.S. users, excluding New York residents, as part of a strategic partnership with centralized finance lender Morpho. This feature allows American users to borrow against their Bitcoin, a service previously unavailable due to market challenges. The relaunch comes with promises to address prior issues in crypto lending, leveraging Morpho's lending protocol, which currently manages $3.7 billion in deposits. Coinbase's move reflects a broader industry optimism amid anticipated regulatory shifts under the incoming U.S. administration.
Coinbase's Bitcoin loans are now available to U.S. users outside New York, facilitated through Morpho’s robust $3.7 billion lending protocol.
This development marks a significant step in revitalizing crypto lending, with Coinbase emphasizing lessons learned from past industry failures.
3)
Trump Eyes Strategic Crypto Reserve for Solana, XRP
US President-elect Donald Trump is reportedly considering the creation of an "America-first" strategic reserve for cryptocurrencies founded in the US, such as Solana (SOL) and XRP. This proposal aligns with Trump's pro-crypto stance and aims to support digital assets during his administration. The move comes amid heightened anticipation of regulatory reforms, marking a departure from the SEC's enforcement-heavy approach under the Biden administration. While the plan has gained attention, concerns persist about its potential impact on Bitcoin and broader market dynamics.
Donald Trump is exploring the creation of a strategic reserve prioritizing US-founded cryptocurrencies like Solana and XRP as part of his pro-crypto agenda.
The proposal reflects a broader regulatory shift under Trump’s leadership, though it has raised concerns about Bitcoin's market positioning.
Disclaimer:
The information provided in this newsletter is based on our data findings and opinions. It is intended for informational purposes only and should not be considered financial advice. Cryptocurrency investments carry significant risk, and it is important to conduct your own research and consult with a qualified financial advisor before making any investment decisions. We are not responsible for any financial losses or gains you may incur as a result of using this information.
