Trump Set to Lift Biden-era Crypto Banking Restrictions
President Donald Trump is set to sign a new executive order to reverse Biden administration policies that have made banking services harder for crypto companies. The move would target regulations dubbed “Operation Chokepoint 2.0” that allegedly limit crypto platforms’ access to the banking system.
According to sources, Trump’s order could expand the Federal Reserve’s services to crypto-focused banks and include a ban on stablecoins being classified as securities. This would be Trump’s third crypto-related executive order since returning to office and could significantly shift the digital asset industry.
Mt. Gox Moved 11,501 BTC
Mt. Gox transferred 11,501 Bitcoin worth approximately $905 million to an unidentified wallet. This move comes after a test transfer of 166 BTC to BitGo last week. It is stated that Mt. Gox holds a total of 35,915 BTC, which has a market value of $2.8 billion.
These transfers, which came after Bitcoin fell below $77,000, show that volatility in the market has increased. Analysts predict that Bitcoin could drop to the $75,000 level or recover and return to the $80,000-$85,000 band. Price movements in the coming days; will depend on factors like market sentiment and the FOMC meeting.
Strategy Plans $21 Billion Sale of STRK Stock to Purchase Bitcoin
MicroStrategy, as it is now known, plans to issue 8% indefinite preferred stock called STRK in order to raise up to $21 billion for bitcoin purchases and general corporate expenses. The company intends to sell the shares in stages, through in-market sales, negotiated transactions, or block sales. STRK shares will have a $100 liquidation priority and will pay a fixed annual dividend of 8%.
The sale comes as part of the company’s “21/21 plan,” which aims to raise $42 billion in total capital. Strategy currently owns 499,096 BTC, which it purchased for an average cost of $66,357. STRK shareholders will be able to convert their shares into common stock or receive a cash payment under certain conditions. In addition, the company will have the right to buy back the shares in certain cases.
Offchain Labs to Gradually Acquire ARB Tokens
Offchain Labs, the developer of Ethereum Layer 2 network Arbitrum, has announced a strategic plan to acquire its native token ARB in order to support its ecosystem. The company will gradually acquire ARB tokens through open market and other transactions in accordance with predetermined parameters.
The price of ARB has fallen 86% in the past year to $0.32, while the increasing circulating supply is increasing the pressure on the price. Offchain Labs noted that these acquisitions will support the Arbitrum ecosystem with technical developments and strategic initiatives of the Arbitrum DAO.
VanEck Registers Avalanche ETF
Investment management firm VanEck has registered the VanEck Avalanche ETF in Delaware, which will track the performance of the Avalanche (AVAX) blockchain. The move is seen as a significant development in the integration of crypto assets into traditional financial markets. The ETF registration comes at a time when regulatory uncertainty is beginning to clear. As the SEC continues to scrutinize crypto-focused investment products, the current regulatory stance appears to be shifting toward greater acceptance. The ETF registration could boost institutional investor interest in the Avalanche ecosystem, supporting its growth.
CleanSpark Joins S&P SmallCap 600 Index
US-based Bitcoin mining company CleanSpark announced that it will be included in the S&P SmallCap 600 index this month. However, despite this positive news, the company’s shares fell 5% to $8.40 on Monday, parallel to Bitcoin’s nearly 4% decline. The company announced that it generated $162.3 million in revenue in the fourth quarter of last year, a 120% increase on an annual basis.
CleanSpark CEO Zach Bradford stated that being included in the index will increase visibility for investors and allow the company’s vertically integrated mining model to reach a wider investor base. Marathon Digital, which experienced a similar development in the past, had increased its shares by 18% after the news of its inclusion in the S&P SmallCap 600. However, for now, the fluctuations in the Bitcoin price continue to be decisive for CleanSpark.
SEC Chairman Withdraws Proposal to Cover Crypto Platforms
SEC interim Chairman Mark Uyeda plans to withdraw the definition of exchange, which was expanded to include digital asset platforms. Uyeda instructed SEC staff to develop alternatives to cancel the crypto regulatory section. This regulation, which was shaped during the term of former Chairman Gary Gensler, aimed to bring crypto platforms under the supervision of the agency by also covering certain communication protocols.
Uyeda stated that it was a mistake for the SEC to combine regulations on treasury markets with the aim of suppressing crypto. The new SEC leadership appointed by the Trump administration is keeping a distance from Gensler’s crypto policies. The move could signal that crypto regulations in the U.S. could become more flexible.
ECB Aims to Complete Digital Euro Preparation Phase by October 2025
The European Central Bank (ECB) plans to complete the digital euro preparation process by October 2025. However, some lawmakers are skeptical of the project. Last month, an outage in the ECB’s Target 2 payment system raised concerns about the reliability of the digital euro. The ECB says the system will operate without interruption, like its instant payment platform TIPS.
ECB President Christine Lagarde said they are in intensive contact with the European Parliament, the European Council and the European Commission to speed up the process. The implementation of the digital euro is awaiting the enactment of laws and the final decision of the EU Governing Council.
Thailand SEC Approves USDT and USDC for Digital Transactions
The Thailand Securities and Exchange Commission (SEC) has approved the use of stablecoins Tether (USDT) and USD Coin (USDC) in digital asset transactions. With the new regulation, these stablecoins will be able to be used as trading pairs on exchanges, support ICO investments and facilitate transactions on ICO platforms.
As the stablecoin market continues to grow, this decision further strengthens Thailand among crypto-friendly countries. While interest in stablecoins is increasing in the global financial world, major banks and payment systems are accelerating their integration efforts.
Canada’s New Prime Minister Maintains Tough Stance Against Bitcoin
Canada’s new Prime Minister Mark Carney has criticized Bitcoin’s fixed supply model in the past, saying it has “serious deficiencies.” Carney, a former Governor of the Bank of Canada and the Bank of England, described Bitcoin’s re-creation as a global gold standard as “monetary amnesia.”
Carney also reacted harshly to US President Donald Trump’s taxes on Canada. Stating that the new government will respond to these tariffs, he emphasized that Canada will not bow to the US economically.
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BITCOIN (BTC)
BTC is trading at $ 79,950 as of the morning hours with a 1.68% gain in value. For BTC, which tested the 80,107 support level after yesterday’s sharp selling wave, the $ 80,107 resistance must first be overcome in order for the upward movement to continue. If this level is broken, the $ 83,981 and then the $ 86,704 levels can be followed as the next resistance zones. In the negative scenario, if the $ 80,107 level cannot be maintained, 76,753 stands out as the first support level. If this area is broken, BTC may pull back to $ 74,408.
ETHEREUM (ETH)
ETH is priced at $ 1,878 as of the morning hours with a 0.71% gain in value. Following yesterday’s declines, ETH is trying to hold on to a point near the $ 1,908 support level. In order for the upward movements to continue, the $ 2,000.51 level must first be overcome. If this level is broken, the $ 2,075.69 and then the $ 2,153.58 levels can be followed as resistance points. In the negative scenario, if the $ 1,908.12 level cannot be broken, it may cause a pullback to the first $ 1,763.66 levels. If this region is broken, the price may fall to $ 1,665.50 levels.
RIPPLE (XRP)
XRP is trading at $ 2.11 with an increase of 4.53% as of the morning hours. Finding support at $ 1.90 after yesterday’s declines, XRP is giving signals of recovery. In order for the upward movement to continue, it is important to first maintain stability above 2.0865, and then the $ 2.1974 level must be exceeded. If this level is broken, the $ 2.2567 and then the $ 2.3797 levels can be followed as resistance points. In the negative scenario, $ 2.0865 stands out as the first support level. If this level is broken downwards, XRP may retreat to $ 1.9550. If this region is also broken, selling pressure may increase and lower levels can be tested.
AVALANCHE (AVAX)
AVAX is traded at $ 16.85 as of the morning hours with a 3.64% gain in value. AVAX, which fell to 15.30 during the day, reacted and started to rise from here. If the upward movement continues, the 17.29 level stands out as the first resistance point. If this level is exceeded, the 17.87 region can be followed as a strong resistance. Above, the 18.96 level stands out as resistance.
In the negative scenario, the 16.02 level is an important support. If this area is lost, the 14.90 level may come to the fore. If this support is broken, selling pressure may increase and AVAX may test lower levels.
SOLANA (SOL)
SOL is traded at $ 122.48 as of the morning hours with a 3.39% gain in value. SOL, which fell to the 112.50 support during the day, showed a recovery with the reaction it received from this level. If the upward movement continues, first 125.22 and then 130.47 stand out as resistance points. If this level is exceeded, the levels 135.47, 139.58 and 139.58 can be followed as resistance.
In the negative scenario, the level 112.54 may come to the fore again. If this support is broken, selling pressure may increase and SOL may test lower levels.
