Elon Musk’s DOGE Agency Examines Blockchain
The Department of Government Efficiency (DOGE), led by Elon Musk, has begun evaluating blockchain technology to track federal spending, improve data security, and streamline payments. According to Bloomberg, the DOGE team is in talks with several blockchain projects, while details of the systems it intends to use have not yet been finalized. Musk emphasized that blockchain technology could make government spending more transparent to the public, and DOGE’s initiative is seen as part of a broader effort to increase government efficiency.
Grayscale and CoinShares File ETF Applications for XRP, Litecoin, and Solana
In the new U.S. administration, Grayscale and CoinShares have filed a series of applications for spot crypto ETFs based on XRP, Litecoin, and Solana. The NYSE also filed 19b-4 filings for Grayscale Litecoin and the Solana Trust. These initiatives come after President Donald Trump’s inauguration and the appointment of Paul Atkins, the SEC’s new crypto-friendly leader. With Trump’s inauguration and the SEC’s new crypto-friendly leadership raising expectations, there are signs of a shift toward market-friendly regulations.
BlackRock Proposes Direct Bitcoin Refund Model for Bitcoin ETFs
BlackRock, along with Nasdaq, has filed a rule change to implement a model that would provide direct Bitcoin refunds for the iShares Bitcoin ETF (IBIT). The model aims to simplify operational processes and reduce tax burdens for investors by allowing Bitcoin to be transferred directly to investors without being converted to cash.
The proposed change could pave the way for more flexible and investor-friendly transactions in Bitcoin ETFs by providing an alternative to current cash-based processes. The move has the potential to accelerate the integration of Bitcoin ETFs into traditional financial systems. If approved, this model is expected to be adopted by other ETF issuers.
Vitalik Buterin: “Ethereum Has a Bright Future, But Layer-2 Issues Need to Be Solved”
Ethereum founder Vitalik Buterin drew attention to the economic, security and compatibility issues of Layer-2 solutions by drawing a roadmap for the future of the Ethereum network. Noting that Layer-2 networks have become dominant on the Ethereum mainnet due to their low gas fees and fast transaction times, Buterin emphasized that these networks could disrupt ETH’s deflationary model and negatively affect the asset’s price performance. Buterin called on developers to make improvements that would support the price of ETH.
ECB Urged to Accelerate Digital Euro in Response to Trump’s Stablecoin Move
European Central Bank (ECB) Governing Board Member Piero Cipollone said that work on a digital euro should be accelerated in response to President Donald Trump’s strategy of promoting dollar-backed stablecoins globally. Cipollone argued that stablecoins threaten traditional banking systems and could undermine the competitiveness of European banks. Trump’s executive order issued on January 23 encourages the development of stablecoins while banning CBDC work.
Elizabeth Warren Calls for Investigation into Trump Family Meme Coins
Senator Elizabeth Warren and Representative Jake Auchincloss have called on federal agencies to investigate whether President Donald Trump’s TRUMP and MELANIA meme coins violate ethical and legal standards. The duo argue that these tokens provide extraordinary profits to the Trump family and could open the door to potential foreign influence. They also noted that these meme coins are ripe for fraud, rug pull risks, and market manipulation. Warren and Auchincloss argued that Trump poses a conflict of interest because he is in a position to both profit from the coins and dictate regulatory policy. The agencies in question have been summoned to respond to complaints and possible illegal activities by February 4.
Nasdaq-Listed Fathom Adopts Bitcoin Reserve Strategy
Nasdaq-listed real estate technology company Fathom Holdings (FTHM) has decided to allocate half of its cash reserves to Bitcoin. The company announced that it will begin purchasing Bitcoin in the next two weeks, with the approval of its board of directors. Fathom CFO Joanne Zach stated that Bitcoin has gained importance as a hedge against inflation and a hedge against global economic risks. The company also plans to accept Bitcoin payments from customers in the future. Fathom is not the first company to add Bitcoin to its balance sheet; many Nasdaq companies, led by MicroStrategy, have begun to adopt similar strategies.
Big Breakthroughs from Jupiter
At its “Catstanbul 2025” event, Jupiter announced that it had acquired a majority stake in memecoin platform Moonshot, launched a $10 million fund for open-source artificial intelligence projects, and announced an omnichain network called ‘Jupnet’ that aims to unify all chains. In addition, the platform’s new “V2” beta version was introduced, while features such as the ultra-low-cost transaction mode “Ultra Mode” and the “Jupiter Shield” that protects user assets were announced. In the AI field, the “Magic Fund” was launched in collaboration with Eliza Labs, while the Virtuals platform announced that it will expand to the Solana network.
Japanese Chip Stocks Fall as China’s DeepSeek Makes AI Move
Japanese chip sector stocks fell sharply as Chinese artificial intelligence startup DeepSeek challenged the US’s AI leadership. Advantest fell 7.99%, Tokyo Electron fell 3.94% and SoftBank fell 5.4%. While DeepSeek draws attention with its low-cost open-source models, this development questions the pricing power of US technology giants and the competitiveness of Japanese companies. China’s chip development speed creates uncertainty for technology companies in Asia. This, combined with the 1.62% decline in Nasdaq futures, increases the risk of market volatility.
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BITCOIN(BTC)
BTC is priced at $100,600 as of the morning hours, down 2.00%. The price is currently trading at 100.468 and seems to have failed to break the resistance area at 102.451.99. This situation suggests that the price may remain under selling pressure for a while. The green area on the chart represents an important support area and the price has currently pulled back to this area. This support area may allow the price to recover as buyers step in. However, if this area is broken, the price can be expected to fall to the support points at 96,060.85 and 91,968.97 respectively. In upward movements, the level of 102,451.99 can be tested again. However, without a break above this level, it will be difficult for the uptrend to continue. If there is a close above the resistance, the price may move towards the red resistance area at 108,000.
ETHEREUM(ETH)
ETH is priced at $ 3,156 as of the morning hours with a 2.36% loss in value. It has broken the important support area at 3,220.55. This breakout shows that selling pressure has increased and the price may decline to lower levels. While the 3,040 level stands out as support in particular, if this level is broken, the price is likely to fall to 2,900 levels. On the other hand, the 3,220.55 level will now act as resistance and if the price breaks this level again, it could show that buyers have stepped in and take the price to the 3,360-3,400 levels. However, in the current situation, the downtrend continues and selling pressure seems to be dominant.
RIPPLE(XRP)
XRP is priced at $ 2.9573 as of the morning hours with a 2.12% loss in value. The downtrend that started at the level of 3,200 continues. This movement shows that selling pressure is dominant and the price is moving towards the lower support levels. While the level of 2.8716 draws attention as an important intermediate support, if this level is broken, the price is likely to decline to the level of 2.7220. On the other hand, the 3,200 level is a resistance, and if the price breaks this level, it may indicate that the bullish momentum has regained.
AVALANCHE(AVAX)
AVAX is trading at $ 34.85 as of the morning hours with a 2.52% loss in value. While the 42.06 level stands out as a strong resistance area, the price retreated before reaching this level. The 37.67 level is in the intermediate resistance position and trading below this level shows that the selling pressure continues. The price is currently testing the 35.63 level. If this level is broken, there is a possibility of a drop towards the 32.95 support. On the other hand, if the buyers push the price up again, the first target will be 37.67. However, looking at the market structure, it seems that upward movements may be limited and buyers may have difficulty finding strong support.
SOLANA(SOL)
SOL is priced at $ 230.9 as of the morning hours with a 3.99% loss in value. It shows that the selling pressure continues by declining to 231.44. While the level of 245.52 appears as a strong resistance in upward movements, the price retreated before testing this level. The level of 229.30 can be monitored as an important intermediate support area. If this support is broken, the probability of the price retreating to 201.83 will increase. On the other hand, in order for the price to head towards the 245.52 level again, it must stay above the 229.30 support and buyers must gain strength.
