The US Court of Appeals for the Third Circuit has ordered the SEC to clarify its denial of Coinbase’s petition regarding cryptocurrency regulations, deeming the SEC’s previous response as arbitrary and insufficiently reasoned. While this ruling is seen as a significant win for the crypto industry, the court did not compel the SEC to initiate new rulemaking at this time. Additionally, reports indicate that the Trump transition team is collaborating with crypto leaders on legislative strategies to address issues affecting the industry.
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164 posts last weekDonald Trump is a former President of the United States, having served from 2017 to 2021, and a prominent figure in American politics as a member of the Republican Party.
Stocks Near Pre Trump Election Levels Amid Rising Rate Concerns
Stocks are nearing the point of erasing the gains made after Trump’s election, with the S&P 500 dipping below its pre-election level amid rising interest rates and inflation concerns. The market’s volatility is increasing as investors react to high valuations and potential tariffs under the new administration. Unlike 2017, the current market faces a more precarious economic outlook, with the S&P 500 having surged over 50% since late 2022.
read moreTrump to Issue First Crypto Executive Order on Inauguration Day
President-elect Donald Trump is set to issue a crypto-related executive order on his first day in office, establishing a presidential crypto council and directing the SEC to reconsider the SAB 121 rule that limits banks’ crypto holdings. This initial order is expected to be the first of many, with further reforms aimed at enhancing the regulatory framework for digital assets, including collaboration between the CFTC and SEC and international coordination on crypto innovation. Trump’s transition team is actively soliciting proposals for additional crypto-related executive orders as his inauguration approaches.
read moreJPMorgan Predicts Significant Inflows for Solana and XRP ETPs
JPMorgan estimates that exchange-traded products (ETPs) for Solana and XRP could attract over $15 billion in net inflows, with potential inflows of $3-6 billion for Solana and $4-8 billion for XRP. Currently, Solana ETPs hold nearly $1.6 billion in assets, while XRP products have $910 million. However, the approval of ETFs for these assets in the US remains unlikely, with the SEC recently rejecting Solana ETFs and XRP still facing regulatory scrutiny. For more information, visit [Bloomberg](https://www.bloomberg.com).
read moreUS Stock Futures Rise Amid Gradual Tariff Increase Considerations by Trump Team
U.S. stock index futures rose as concerns over President-elect Trump’s potential trade tariffs eased with reports of a gradual increase plan. However, caution remained due to anticipated slower interest rate cuts and upcoming inflation data. Wall Street experienced a mixed session, with major bank earnings set to begin this week. Trump’s team is considering a schedule of 2% to 5% monthly tariff increases to manage inflation and leverage trade negotiations, although the plan has not yet been presented to him.
read moreCanadian stock index declines amid fears of U S trade tariffs and rising yields
Canada’s main stock index fell to a near four-week low, closing down 0.9% at 24,536.32, amid concerns over a bond market sell-off and potential U.S. trade tariffs. The energy sector dropped 1.8% despite rising oil prices, while materials and utilities also faced declines. Investors are bracing for volatility ahead of the upcoming earnings season and the inauguration of U.S. President-elect Donald Trump.
read moreCryptocurrency Market Rebounds on Trump Executive Order News
Cryptocurrency markets rebounded from a weak start on news that Donald Trump plans to sign several crypto-related executive orders on his first day in office. Bitcoin saw a slight decline to $94,357, while XRP and Dogecoin gained 1%. Notably, large transaction volumes increased by 9.2%, despite a significant drop in transactions over $100,000.
read moreInstitutional Crypto OTC Trading Volumes Surge Following Trump Election Victory
Institutional crypto over-the-counter (OTC) trading volumes surged 106% in 2024, driven by Donald Trump’s election win and demand for US spot crypto ETFs. The fourth quarter saw significant increases in Bitcoin, Ether, and stablecoin trading, reflecting a growing acceptance of crypto among traditional finance leaders. As the market matures, altcoin trading volumes also rose, with Litecoin leading among institutional investors.
read moreDogecoin Price Predictions Linked to Trump’s Inauguration and Market Trends
Dogecoin’s price action is poised for significant movement in the week leading up to Donald Trump’s inauguration, with analysts predicting a potential breakout from a symmetrical triangle pattern. If successful, DOGE could rally to $0.50, with further targets of $0.55 and an all-time high of $0.74, potentially reaching the psychological $1 mark. Additionally, the establishment of Elon Musk’s Department of Government Efficiency (D.O.G.E) is expected to bolster Dogecoin’s outlook, as Musk’s support may drive further interest in the meme coin.
read moreBitcoin Faces Pressure from Rising Treasury Yields and Economic Uncertainty
Bitcoin faces consolidation risks as Treasury yields surge and the economic outlook dims, with the price dropping to $88,900 after a nearly 7% decline. Institutional investors are shifting towards safer, yield-generating assets, leading to significant ETF outflows and tightening liquidity in speculative markets. Despite these challenges, optimism over potential regulatory changes may provide some resilience for Bitcoin as it hovers near critical support levels.
read moreMoonPay Acquires Helio to Enhance Crypto Payment Services
MoonPay has acquired Solana payments startup Helio in an all-equity deal valued at $175 million, with Helio’s entire team joining MoonPay. This move aims to enhance MoonPay’s offerings beyond crypto buying and selling, focusing on e-commerce and on-chain payments. The acquisition reflects a growing interest in crypto payment solutions, despite the sector’s challenges in mainstream adoption.
read moreBitcoin Price Volatility Amid ETF Optimism and Economic Uncertainty
XRP is experiencing increased demand amid optimism for upcoming spot ETF approvals, while Ethereum funds saw a significant outflow of $255 million last week. Bitcoin’s price dipped to $89,800, reflecting market adjustments to potential tighter monetary policy from the Federal Reserve. Despite macroeconomic challenges, XRP products attracted $41 million, indicating a positive outlook as Ripple executives engage with political leaders.
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