White House, Wall Street & Web3: Crypto’s Biggest Stories This Week
Bitcoin’s dip, the SEC’s retreat, and NFT gaming’s breakout — this week in crypto, explained.
Hey Alphafellaz,
The crypto market may be throwing some curveballs this week, but the real action is happening behind the scenes.
This week, we’re seeing a historic shift — President Trump is set to host the first-ever White House Crypto Summit, the SEC is easing up on key cases, and states are battling it out over Bitcoin reserve bills.
Meanwhile, Bitcoin’s wild ride has traders on edge, dipping below $80K before bouncing back.
And with NFT gaming heating up, 2025 could be the year blockchain games finally break into the mainstream.
Finally, We’re making moves off Twitter. Hit us with a follow on LinkedIn and help us build a stronger crypto community where the algo isn’t out to wreck us.
PS — SXSW is this week and … we’ve got you covered. Check out our side events list at sheeets.xyz and make sure you don’t miss the best parties.
— 🩸💀 AMERICAN RADASS
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📰 Crypto Summit at the White House?
The markets may be down, but this week’s crypto news from the States is looking pretty exciting. President Trump is gearing up to host the first-ever White House Crypto Summit, which has got everyone talking.
Speaking of Trump, his new crypto-friendly SEC is proving to be quite chill. They’re dropping the probe into Robinhood, nixing the MetaMask lawsuit, and ditching the case against Uniswap as well as Consensys. They’ve also made it clear at last that meme coins aren’t considered securities, degens rejoice!
Although OKX has to pay up for legal charges with the US DOJ, other exchanges are having a great time.
On the state side, while Montana shot down its Bitcoin Reserve Bill along with South Dakota, Texas passed theirs in an overwhelming majority. It’s a sign that even in the midst of optimism, there’s still plenty of debate on how best to move forward.
📰 Don’t Panic! Here’s Why Your BTC Bags Dumped (& Why They’re Back Up)
Bitcoin took quite a big hit this week. With ETF outflows firing off bear market warnings, Bitcoin dropped below $80K. Some analysts are even saying it could slide down to around $75K, which could mean more choppy waters ahead.
One expert explained why Bitcoin is crashing and reassured everyone that it isn’t because of Trump tariffs, but rather a regular market correction setting the stage for a rebound. In other words, while it feels rough now, these corrections are part of Bitcoin’s natural rhythm.
After a low sentiment for most of the week, recent bullish news, renewed institutional confidence, and positive regulatory signals have pushed Bitcoin back to the $90K mark now, so that dip may have been a perfect setup for the next big move.
📰 2025 NFT Gaming Explosion: Deadfellaz, Pudgy Penguins & MapleStory Set to Change the Game
Whenever memecoin season cools off and BTC starts trading sideways, I look toward NFT gaming as the likely next wave. With clearer regulations around crypto and NFTs expected in 2025, gaming adoption is set to boom.
First up is Death Touch from the Deadfellaz team, which has gained some recent buzz on X. Slated for a Q1 2025 launch, this mobile-first TCG is set to break barriers with zero gas fees on Skale and a killer mix of NFT lore and gameplay. Along with two other games in the works and a secret test the other day, DFZ could spark the NFT gaming flame very soon.
Beyond that, Pudgy Penguins is dropping a fresh title in early 2025 that promises to reinvent social elimination royale games. MapleStory is even in on the action, recently completing their second round of check-in rewards for the upcoming Maplestory N - a reimagined classic turned AVAX-powered playground that blends nostalgia with blockchain tech.
With top-notch production and a smoother experience for new players, it looks like NFT gaming is ready to break out of its niche. Get ready, 2025 is shaping up to be a game changer!
📰 OTHER NEWS FROM THE PAST WEEKS
Binance Founder CZ’s First DEX Trade Triggers a 50% Rally for TST Meme Coin
Russia’s Power Grid Hit by Unauthorized Crypto Mining, Losing Over 1.3 Billion Rubles
GameStop CEO confirms receiving Bitcoin investment proposal from Strive CEO
Metaplanet and El Salvador Add to Bitcoin Holdings Before Price Drop
TradFi coalition urges Trump to overhaul ‘restrictive’ Biden-era crypto policies
CZ unveils crypto investment portfolio with a 98.5% allocation to BNB, 1.3% to BTC
Bitcoin or Nothing: Altvest’s Board Chairman Dismisses Other Blockchain Projects
Errol Musk Visits Dubai: $MuskIt Token Takes Center Stage in the Future of Musk Institute
APT Price Jumps as Bitwise Files for an Aptos ETF in Delaware
Hyperliquid Flips PumpFun to Become Top 3 Revenue Generator in DeFi
✨ NEW IN THE SPACE
US financial giants Bank of America look to enter stablecoin market as PayPal advances PYUSD
Circle’s USDC and EURC become first DFSA-approved stablecoins in Dubai
Tokenized time platform Time.fun goes live on Solana following Base debut
Monad Testnet is Now Live: Significant Milestone in the Early Stage
From EA SPORTS & Nike Basketball to Invincible GG: Glenn Chin Debuts Web3 Vision at ETHDenver
BTCC Exchange unveils $1M ‘Trade to Win’ campaign featuring Tesla Cybertruck for TOKEN2049 in Dubai
MEXC launches campaign for ENA & USDe with $1,000,000 rewards
Berachain Surpasses Major Blockchains in TVL Within 20 Days of Mainnet Launch
💀 RUG PULLS & LEGAL UPDATES
Stablecoin Bank Infini Loses $49.5 Million in Hack, Just Days After Bybit Attack
How scammers used the ‘GrassCall’ meeting app to drain crypto wallets
Gotbit founder extradited to US to face market manipulation and fraud charges
Democrats push ‘MEME Act’ to ban politicians from profiting off meme coins
LIBRA & MELANIA insiders allegedly launder funds via meme coin amid DOJ probe
Stablecoin legislation is subcommittee’s first priority, says Lummis
South Korean police investigate murder tied to suspected failed crypto deal
Zachxbt Joins Paradigm as Incident Response Advisor, Returning Over $350 Million to Victims
US House tax committee moves forward on bill to overturn controversial crypto IRS rule
UK lawmakers advance bill to strengthen crypto seizure powers
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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.