Recap Week4 2025: GameChanger

Highlights:

Bitcoiners dissapointed with no (immediate) announcement of a Bitcoin Strategic Reserve (BSR). Ethereum in turmoil. Excellent news for digital assets in general for the long run with Trump Admin executing: CFTC, SEC appointments, Lummis appointment Senate panel, SEC task force and rescinding SAB 121 and the Executive order on Strengthening American Leadership in Digital Financial Technology. Comments from the Big US banks CEO’s.

Some surreal news and possible (negative) impact of this Trump memecoin.

Final item of the week is a Bloomberg report about Musk and representatives of The Department of Government Efficiency (DOGE) reportedly have spoken with blockchain providers about adoption of technology.

Here we go:

BTC:

• https://www.coindesk.com/markets/2025/01/20/bitcoin-fades-from-highs-after-absence-from-trump-inauguration-speech
• https://www.coindesk.com/markets/2025/01/22/cme-bitcoin-options-at-most-bullish-since-u-s-election-etf-inflows-surge
• https://www.coindesk.com/markets/2025/01/23/bitcoin-s-outlook-is-bullish-with-prices-expected-to-remain-elevated-deutsche-bank
• https://www.coindesk.com/markets/2025/01/24/bitcoin-steady-near-usd104k-after-bank-of-japan-delivers-a-hawkish-rate-hike
• https://www.theblock.co/post/336833/bitcoin-makes-muted-move-after-trumps-new-crypto-executive-order-lacks-concrete-strategic-reserve-plan
• https://www.coindesk.com/markets/2025/01/24/nasdaq-files-for-in-kind-redemptions-for-blackrock-spot-bitcoin-etf

ETH:

• https://cryptoslate.com/vitalik-buterin-addresses-controversy-as-ethereum-foundation-sells-another-100-eth/
• https://cryptobriefing.com/ethereum-foundation-staking-considered/
• https://www.theblock.co/post/335920/ethereum-foundation-50000-eth-167-million-defi-wallet
• https://cointelegraph.com/news/ethereum-foundation-infighting-and-drop-in-dapp-volumes-put-cloud-over-eth-price
• https://www.theblock.co/post/336458/revolt-ethereum-foundation-eth-holders-wartime-ceo
• https://www.coindesk.com/markets/2025/01/24/buterin-calls-for-added-focus-on-ethereum-s-eth-as-part-of-scaling-plans

Surreal:

• https://www.theblock.co/post/336099/osprey-rex-file-to-list-etfs-tracking-president-trumps-memecoin-xrp-bonk-and-other-tokens
• https://protos.com/us-govt-doge-website-contains-just-18-words-and-a-dogecoin-meme/
• https://www.theblock.co/post/336480/bitwise-files-dogecoin-etf-registration-firm-confirms

Trumpenomics: New Initiatives SEC, CFTC, Lummis, Executive order, SAB 121

• https://www.theblock.co/post/336155/sec-commissioner-hester-peirce-to-lead-new-crypto-task-force
• https://www.sec.gov/newsroom/press-releases/2025-30
• https://www.theblock.co/post/336761/days-after-gensler-leaves-sec-rescinds-controversial-crypto-accounting-guidance-sab-121
• https://www.theblock.co/post/336544/harry-jung-cftc-crypto-lead-pham-trump
• https://www.theblock.co/post/336619/bitcoin-spiked-to-106000-before-hopes-for-sen-cynthia-lummis-teased-announcement-fell-short
• https://www.whitehouse.gov/presidential-actions/2025/01/strengthening-american-leadership-in-digital-financial-technology/
• https://www.forbes.com/sites/jasonbrett/2025/01/23/president-trump-signs-executive-order-to-spark-us-crypto-markets/

US Bank CEO’s comments:

• https://cointelegraph.com/news/bank-america-ceo-banks-crypto-adoption-regulation
• https://www.cnbc.com/2025/01/23/morgan-stanley-ceo-ted-pick-on-crypto.html
• https://www.theblock.co/post/336656/big-bank-ceos-jamie-dimon-speak-out-crypto-struggles-trump-administration

Trump Coin possible impact:

• https://www.theblock.co/post/336211/trump-memecoin-crypto-legislation-td-cowen?
• https://cointelegraph.com/news/trump-memecoins-lawsuits
• https://cryptobriefing.com/newsbriefs/?id=161270&title=senator-elizabeth-warren-calls-for-investigation-into-trump-launched-meme-coins-trump-and-melania
• https://www.theblock.co/post/336757/members-of-congress-and-crypto-czar-split-on-whether-trumps-memecoin-poses-a-conflict-of-interest

Bloomberg article DOGE:

• https://www.theblock.co/post/337044/elon-musks-doge-is-considering-blockchain-adoption-in-govt-efficiency-push-bloomberg

MK Opinion

SEC Task Force is a seismic shift from the previous administration and therefore really important if properly executed. The unit will be “dedicated to developing a comprehensive and clear regulatory framework for crypto assets,” the agency said. Commissioner Hester Peirce is set to lead it.

Trump’s crypto executive order establishes a new Working Group to evaluate the creation of a national digital asset stockpile. “The Working Group shall evaluate the potential creation and maintenance of a national digital asset stockpile and propose criteria for establishing such a stockpile, potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement efforts."

With the repeal of this SAB121 guidance, banks may now be more willing to serve crypto customers. This could open the door to various services, including staking offerings, cross-margin borrowing using crypto assets as collateral, and broader crypto-related financial products.

Impressed by Trumps speed and commitment. Market reaction muted so not sure what everyone expected. Also the comments made by the US bank CEO’s; unthinkable a few years ago….

Coin | Other News:

World Liberty Financial (WLFI - Trump Backed):

• https://www.theblock.co/post/335859/trump-backed-world-liberty-financial-swaps-approximately-90-million-worth-of-stablecoins-for-eth-wbtc-and-other-tokens
• https://blockworks.co/news/trump-strategic-crypto-reserve

Solana (SOL):

• https://www.theblock.co/post/335701/solanas-daily-fees-hit-record-high-of-33-million-as-trump-family-memecoins-boost-network-volume
• https://cryptoslate.com/insights/solana-nears-10-billion-milestone-in-stablecoin-holdings-amid-trump-memecoin-frenzy/

Helium (HNT):

• https://www.theblock.co/post/335629/helium-founder-says-company-will-defend-itself-vigorously-against-sec-lawsuit

Bitstamp:

• https://www.coindesk.com/business/2025/01/21/bitstamp-to-roll-out-regulated-derivatives-trading-in-europe-sources

Microstrategy (MSTR Equity):

• https://www.microstrategy.com/press/microstrategy-acquires-11000-btc-achieves-btc-yield-of-1-ytd-2025-now-holds-461000-btc_01-21-2025
• https://www.wsj.com/finance/currencies/microstrategy-federal-income-tax-unrealized-gains-f60b2c04
• https://www.theblock.co/post/336869/microstrategy-to-redeem-1-05-billion-in-convertible-notes-amid-crypto-tax-uncertainty

Circle (USDC):

• https://www.coindesk.com/business/2025/01/21/circle-enters-tokenization-race-by-acquiring-hashnote-usd1-3b-real-world-asset-issuer
• https://www.coindesk.com/business/2025/01/23/circle-unveils-paymaster-to-allow-usdc-to-be-used-for-transaction-fees

Tether (USDT):

• https://cointelegraph.com/news/coinbase-ceo-stablecoin-regs-full-treasury-backing

Avalanche (AVAX) - Aethir (ATH):

• https://cryptoslate.com/avalanche-eyes-us-growth-by-harnessing-ai-and-blockchain-innovations/

Uniswap (UNI):

• https://www.theblock.co/post/336276/uniswap-version-4-deployments-to-begin-rolling-out-this-week

Algorand (ALGO) - ENEL IM Equity:

• https://cointelegraph.com/news/fractional-ownership-solar-panels-enel-algorand

Another great real world use-case

Thorchain (RUNE):

• https://www.theblock.co/post/336782/thorchain-thorfi-rune-restructuring
• https://www.coindesk.com/markets/2025/01/24/rune-plunges-30-as-thorchain-pauses-bitcoin-ether-withdrawals

ESMA:

• https://www.coindesk.com/policy/2025/01/21/eu-regulator-urges-nations-to-ensure-compliance-with-stablecoin-rules-soon

CME Error:

• https://www.coindesk.com/markets/2025/01/22/cme-says-xrp-sol-futures-leak-was-an-error-no-decisions-are-made

Ripple (XRP) hustle:

• https://protos.com/ripple-scores-victory-against-the-bitcoin-strategic-reserve/

This CDBC platform does not require XRP to operate anyway…

Moonshot - Jupiter (JUP):

• https://cointelegraph.com/news/solana-dex-jupiter-acquires-majority-stake-in-moonshot

Actively Managed Strategy:

MKs Short Term Risk Report:

• Justin Sun (TRON, Huobi-HTX, WBTC)
• Tether (USDT)
• Regulation overkill in both stablecoins and DEFI
• Re-Staking uncertainties: dangerous concept that could lead to mass liquidation and the collapse of the rehypothecated tokens
• Capital Markets in general (Yen Carry Trade, China, Credit Event / Yields, FED not delivering)
• Geopolitics
• Memecoin Frenzy, excessive leverage, Agressive and unsustainable “promised” APY’s
• Hacks / Exploits
• (Liquidity) Fragmentation (L2s)
• Projects running out of runway

MKs Long-Term Outlook:

• Political and Regulatory inflection
• Capital Flows Increasing
• Fundamentals improving (Adoption, Generating Revenue)
• Innovation accelerating

The week ahead by Nomura and Livesquawk:

• https://www.nomuraconnects.com/focused-thinking-posts/the-economy-next-week/?
• https://www.livesquawk.com/report/special_ls-focus-on-the-week-ahead

Upcoming Events:

Will be attending the following conferences/events:

N/A

Agenda:

• https://bdc.consulting/calendar
• https://www.bcnl.foundation/events?page=1&sort=-date

Tokens:

Unlocks:

Source:

https://tokenomist.ai/

Have a wonderful weekend, and thanks for reading!

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