Trump’s Crypto Advisor Sacks Stated That the Golden Age of Digital Assets Has Come
President Donald Trump’s crypto and artificial intelligence advisor David Sacks stated at a press conference with congressional leaders that the US aims to lead in digital assets. While the Senate and House of Representatives established a joint working group to advance crypto laws, stablecoin regulations will be addressed as the first step. Sacks defined crypto as one of the administration’s “first week priorities” and emphasized that the US should keep financial innovation within its own borders. In addition, it was announced that a similar market structure regulation with the Financial Innovation and Technology Act (FIT21), which passed the House of Representatives last year, will be advanced along with the stablecoin law. Sacks stated that they will work closely with industry leaders and regulators to strengthen the US’s leading position in the digital asset field. Both major crypto bills are set to be voted on in the Senate by the end of President Donald Trump’s first 100 days in office, he said.
SEC Commissioner Hester Peirce Announces Priorities for Crypto Task Force
The new Crypto Task Force, led by U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce, aims to create a clearer and more consistent regulatory framework for digital assets. The task force will focus on issues such as asset classification, exemptions, staking, lending, and international regulatory collaborations. Peirce emphasized that this initiative will increase investor protection while encouraging innovation. As a first step, the SEC rescinded the controversial Staff Accounting Bulletin 121 and announced that further amendments are being worked on. The task force will also address issues such as crypto lending, special brokerage regulations, exchange-traded products, and cross-border collaborations. The SEC will continue to seek public feedback on the regulatory process.
SEC Is Downsizing Its Crypto Enforcement Unit
The U.S. Securities and Exchange Commission (SEC) has begun downsizing its special unit focused on crypto enforcement. The unit, which consists of more than 50 lawyers and staff, has reportedly reassigned some key figures to other departments. In response, the SEC’s newly established crypto task force aims to bring more regulatory clarity to the industry. Today, it was announced that the new unit has launched a website to collect feedback. Republican SEC Commissioner Hester Peirce announced that the task force will classify different types of crypto assets and determine which ones are considered securities.
Ethereum ETFs See Record Trading Volume Amid Trump’s Tax Crisis
Spot Ethereum ETFs in the U.S. reached a record trading volume of $1.5 billion following Trump’s new tariff decisions. Ether fell 36% to $2,100 but recovered 30%. ETF transactions led by BlackRock, Grayscale and Fidelity showed that the market saw strong demand despite the volatility. While the US’s postponement of taxes with Mexico and Canada brought short-term relief to the market, China’s retaliatory announcement of additional taxes led to new volatility. Bitcoin, Solana and meme tokens also experienced major losses in value.
Ethereum Increases Gas Limit for the First Time Since 2021
The transaction capacity on the Ethereum network increased as validators increased the gas limit to 32 million units. This was the first major update since 2021 and the first change in the post-Merge period. The gas limit increase could expand Ethereum’s usage by supporting more transactions and complex smart contracts. The network becoming more efficient could increase investor interest and strengthen ETH’s weakened position against Bitcoin. The increased network capacity could make Ethereum more competitive against rival networks like Solana by lowering transaction fees.
Treasury Sued for Giving Elon Musk’s DOGE Team Access to Sensitive Data
The AFL-CIO, the largest union group in the US, has filed a lawsuit against the Treasury Department, accusing Elon Musk’s government efficiency team DOGE of giving access to the personal and financial information of millions of Americans. The lawsuit alleges violations of federal law, while Democratic senators have also moved to limit Musk’s authority. Senator Ron Wyden argued that Musk’s DOGE team gave the Treasury’s payments system full access. Senate Leader Chuck Schumer and Elizabeth Warren said the authorization was unlawful and announced that they are preparing new bills.
FTX to Begin Paying Bahamian Creditors on February 18
Nearly three years after its bankruptcy, crypto exchange FTX will begin repaying creditors in the Bahamas on February 18. In the first phase, receivables under $50,000 will be paid in full and with 9% annual interest under the “Convenience Class.” Payments will be processed by crypto custody platform BitGo and will be accessible after a 10-day waiting period. This process only applies to creditors in the Bahamas, while other FTX users will have to wait until March 4. The bankruptcy process faces legal challenges due to the appreciation of lost crypto assets, while the 9% interest addition aims to offset financial losses.
Sol Strategies Increases Solana Investments by Purchasing 190,000 SOL
Toronto-based crypto holding company Sol Strategies purchased 40,300 SOL worth approximately $9.93 million between January 19 and 31, bringing its total assets to 189,968 SOL. The total value of the company’s Solana assets reached $40 million. During the same period, the second tranche of a $2.5 million special bond issuance was completed. Sol Strategies’ Canadian Securities Exchange-traded stock (HODL) rose 2.336% between July and December. The company plans to list its shares on Nasdaq. On the other hand, the price of Solana (SOL) fell by 2.4% to $206.82.
Shiba Inu and UAE Government Partner with Web3
The United Arab Emirates (UAE) government has launched a major Web3 partnership with Shiba Inu. Within the scope of the memorandum of understanding signed with the country’s Ministry of Energy and Infrastructure (MoEI), Shiba Inu’s platform will be integrated into Web3 solutions in the energy and infrastructure sectors. This agreement stands out as the UAE’s first major crypto partnership with a government institution. Shiba Inu’s blockchain ecosystem is expanding in the areas of decentralized finance, artificial intelligence, NFTs, and governance, while ShibOS is said to play a key role in this transformation. The MoEI aims to support innovation using Web3 technologies in public services, green infrastructure, and digital governance. Authorities emphasize that this step will set a global innovation standard.
El Salvador Increases Bitcoin Stock
El Salvador added 11 more BTC to its national reserves, taking advantage of the decline in Bitcoin prices, bringing its total assets to 6,067 BTC. This move came after it relaxed some Bitcoin policies in order to receive a $ 1.4 billion loan from the IMF. On the other hand, while the Bitcoin price increased after President Bukele’s meeting with US officials, the US administration started working on digital asset stocks.
Semler Scientific’s Bitcoin Investment Reaches 3,192 BTC
Medical device manufacturer Semler Scientific increased its Bitcoin assets, reaching a total of 3,192 BTC. The purchases made between January and February were financed by the issuance of convertible bonds and the partial sale of its shares in Monarch Medical Technologies. The total value of the BTCs purchased at an average cost of $ 87,854 is $ 280.4 million. The company has returned 152.2% with its Bitcoin strategy since 2024. Following in the footsteps of companies like Semler Scientific, MicroStrategy continues to adopt Bitcoin as a long-term financial strategy.
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BITCOIN (BTC)
BTC is priced at $ 97,860 with a 0.08% gain as of the morning hours. The price is currently trading at 97,837.17, with 96,060.85 being the immediate support and 102,451.99 being the strong resistance. The price tested the 102,000 – 103,000 range indicated by the orange zone in its upward movements, but could not break this level. The red zone located higher represents a supply area with intense selling pressure. In downward movements, if the 96,060.85 level is broken, the price has the potential to pull back to the next support level of 91,370.06. In upward movements, the price can be expected to first pass the 102,451.99 level and then test the red supply zone.
ETHEREUM (ETH)
ETH is priced at $ 2,715 as of the morning hours with a 0.57% loss in value. The price is currently trading at 2,718.60 and is trying to recover after the previous decline. While the 3,220.55 level draws attention as a strong resistance area, it is seen that the price could not break this area and exhibited a downward movement. Above, the 3,829.69 level represents a strong supply area. In the current situation, the 2,461.59, 2,338.99 and at the bottom 2,168.07 levels are important support points in the downward movement of the price. The price broke down from the consolidation zone indicated by the green area and encountered selling pressure before reaching this zone again. If the price recovers, the first target will be 3,220.55. However, if the price loses the 2,461.59 support, lower levels of 2,338.99 and 2,168.07 could be tested.
RIPPLE (XRP)
XRP is priced at $ 2.49 as of the morning hours, losing 1.49%. The price is currently trading at 2.4924, and the orange and blue areas show the main decision areas of the price. The orange area between 2.7220 and 2.8716 above stands out as a strong supply area, and the price has retreated, failing to break this area. Above, the 3.2000 level is an important resistance point. The 2.4000 – 2.3000 range marked in blue below acts as a support zone and the price is trying to find buyers in this zone. In deeper declines, the lower support zone is at 2.0000 – 1.9000 levels.
AVALANCHE (AVAX)
AVAX is trading at $26.60 with a 0.49% gain as of the morning hours. The price is currently trading at 26.59 and is following a horizontal trend after the previous sharp decline. While the 32.95 and 35.63 levels stand out as strong resistances above, the 42.06 level above represents an important supply zone. Breaking these resistance levels may increase the upward momentum of the price. Below, the 21.88 level stands out as a strong support. If this level is broken, there may be a possibility of a deeper decline. When the price movements are examined, it is seen that the price approaching the 32.95 level is facing selling pressure and continues its downward trend. Currently, the price is consolidating at the 26.59 level and is looking for direction. If the price recovers, the first target in upward movements will be 32.95, then 35.63. However, if the price breaks down from the current level, the 21.88 level is likely to be tested.
SOLANA (SOL)
SOL is priced at $ 204.10 with a 1.30% loss in value as of the morning hours. The price is currently traded at 204.29, and the 210-220 range marked with the blue area draws attention as a strong resistance zone. Above this zone, the 229.30 level and above it, the 245.52 level are critical resistance points. In the downward movements, the price has found support near the orange 201.83 level. If this support level is broken, the price has the potential to fall further down, especially to 190 and below. In the current situation, the price has failed to overcome the resistance zone and has retreated towards the support level. If the 201.83 level is maintained and the price makes an upward recovery, the first target could be the 210 – 220 range, followed by the 229.30 level. However, if the support level is broken, selling pressure can be expected to increase and the price can be expected to test lower levels.
