WE’RE SO BACK! Could Trump’s Return Change Crypto Forever?
From Bitcoin Reserves to Regulatory Shakeups — Brace for Impact!
Hey Alphafellaz,
It's been a while — my apologies! 2024 turned out to be more hectic than I anticipated, with my focus split between launching the 0xcareers web3 job board (and Telegram Channel), maintaining Sheeets.xyz, training for a marathon, and managing my 9-to-5 job.
Fortunately, things are about to change!
After extensive discussions with my close friend Bru, we’ve decided to restart and maintain the newsletter together, ensuring we can send it out weekly. To make this sustainable, we’ve partnered with Benjamin, studio director at eponymous studio and Nouns Town ⌐◨-◨ host, who will sponsor the newsletter over the coming weeks.
Just in time, if you ask me — because exciting times are ahead!
This Monday, January 20th, marks the inauguration of President Trump, an event the entire crypto ecosystem is eagerly anticipating. With various promises already made (more about this below), he’s even earned the nickname “the crypto president.”
And finally, for the Alphafellaz in Europe: don’t forget about NFT Paris! It’s less than a month away, and I’m already working on the side event list. Will I see you there?
PS - Enjoyed this newsletter? Please forward it to a friend. It only takes 18 seconds, while making this one took us over 8 hours.
— 🩸💀 AMERICAN RADASS
📰 Trump Administration Fuels Crypto Bull
Donald Trump’s inauguration could kickstart some serious momentum for crypto. States like Texas, Oklahoma, New Hampshire, and North Dakota are already floating bills to invest in Bitcoin or set up strategic reserves. Trump himself is signaling a willingness to set up digital coin reserves on a National level, even meeting with industry leaders like Ripple execs to discuss including XRP, USDC, and Solana.
Pro-crypto voices in Congress, such as Tom Emmer, are stepping into key roles, and surveys show more financial advisors are embracing crypto post-election.
On the regulatory front, Trump’s presidency might speed up approvals of Bitcoin ETFs and other crypto products. Anthony Pompliano and other influential figures are calling for a U.S. Bitcoin Reserve and an advisory committee during Trump’s first 100 days, which could reshape how digital assets are treated under US federal law.
The SEC is expected to revisit its crypto approach, and rumored crypto-focused executive orders could pave the way for broader adoption.
All in all, Trump’s inauguration may not just be a “sell-the-news” moment, but a catalyst for new policy, more investor confidence, and further mainstream acceptance. After all, his own bags are on the line with his new Ordinals collection, $1 million in USDC donations, and cashing out Silk Road’s $6.5 billion Bitcoin stash.
📰 Claim Your $16B FTX Repayment Today
January 20th means more than inauguration day for anyone still waiting on FTX funds. The exchange has announced it will start repaying up to $16 billion worth of claims by February 2025, but the deadline to file for a payout ends very soon. Don’t wait, if you had money in FTX, double-check your eligibility, submit the necessary documentation, and keep an eye on official updates.
Meanwhile, the group of former FTX executives behind Backpack Exchange have purchased FTX EU in an effort to expand in Europe, despite FTX's lack of awareness of the purchase. Looks like it’s still a rough road ahead for FTX.
📰 What’s Next for XRP?
Ripple has been getting cozy with the Trump administration, and soaring network activity has brought XRP to its highest level in years at $3, yet they still can’t catch a break from the SEC.
In another twist in the ongoing legal battle, the agency is appealing a 2023 ruling that had partially favored Ripple. Despite the regulatory uncertainty, XRP’s recent price action and expanding ecosystem suggest that investor confidence remains strong.
📰 OTHER NEWS FROM THE PAST WEEKS
Yuga Labs Denies Rumors of CryptoPunks Copyright Sale, NFT Price Soars 15%
Tether is Relocating to El Salvador After Securing Major License
ETF Issuers Are Buying Bitcoin 20 Times Faster than Total Mining Output
Vitalik Buterin Weighs In On Soneium Blockchain Amid Centralization Concerns
TikTok’s potential US ban has already sent a Chinese memecoin 100x
Financial advisors allocating crypto to clients doubles to 22% in 2024: survey
Daily Web3 Users Grew to 18 Million in December 2024: Report
✨ NEW IN THE SPACE
MoonPay Acquires Helio for $175 Million in Its Largest Merger Deal
What is DeFAI? The Rise of Robot Traders Where AI Meets DeFi
Justin Sun unveils USDD 2.0 with 20% APY: ‘Simply because we have plenty of money’
BlackRock Launches Canadian Bitcoin ETF with Dual-Currency Trading Options
Jupiter DEX Announces 700M Token Distribution Plan for January 2025
Hong Kong introduces ‘supervisory incubator’ to guide banks in blockchain adoption
Bhutan's Gelephu Mindfulness City Plans to Create Strategic Crypto Reserve
TON Blockchain Appoints New President, Launches U.S. Expansion
💀 RUG PULLS & LEGAL UPDATES
Crypto industry alarmed as 7 million OpenSea email users’ leak resurfaces
Coinbase Gains Major Court Win in SEC Legal Battle Over Securities Law
US Supreme Court Rejects Binance Petition to Avoid Class Action Lawsuit
Crypto.com Faces CFTC Review for Super Bowl Betting Contracts
Crypto thieves behind $2.2 million scam to be served lawsuit via NFT
US SEC Sues Elon Musk Over Failure to Timely Disclose Twitter Ownership
Hackers Target X Accounts of Crypto Firms to Promote Scam Tokens
BitMEX slapped with $100M penalty for US Bank Secrecy Act violations
Warning: The Telegram Verification Bot Could Empty Your Crypto Wallet
Undead Apes rug pull reminds that magic internet money is totally real
Burwick law takes legal action against Pump.fun meme coins on behalf of investors
NFT trading volume last year was the worst since 2020: DappRadar
👔 WEB3 JOBS
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🤓 DISCLAIMER: NFA & DYOR
This newsletter is a curated overview of the most exciting things I’ve read the past week, the projects I’ve researched, and the Coins or NFTs I’ll be trying to buy.
This means I’m - per definition - biased, so don’t consider this as financial advice, and keep doing your own research if you see something you like.