Historic Decision from Trump for the Crypto Industry
US President Donald Trump has signed a long-awaited executive order aimed at developing friendly policies for regulating the crypto industry. The order aims to make the US a global leader in digital assets and provide a solid legal foundation for the sector.
The order commits to protecting crypto software developers, miners, and validators within the legal framework, while establishing a working group to assess the potential for creating a national digital asset stock. It also rescinds the Biden administration’s 2022 executive order on digital asset regulation and prohibits the US administration from working on the development of a CBDC (Central Bank Digital Currency).
The newly formed working group will review existing regulations, amend them if necessary, and submit new recommendations within 180 days. This historic step is considered an important start towards addressing the regulatory uncertainties that have constrained the crypto sector in the US for years.
Senator Lummis Named Chair of Digital Assets Subcommittee
Senator Cynthia Lummis has been appointed as chair of the newly established Digital Assets Subcommittee of the US Senate. This committee aims to create a comprehensive legal framework for digital assets, establish the US as a global crypto hub and promote financial innovation. Known as a Bitcoin advocate, Lummis aims to create a strategic Bitcoin reserve and enact bilateral laws regarding the regulation of digital assets. The committee has two main priorities: developing laws that encourage responsible innovation and protect consumers, and rigorously overseeing the activities of federal financial regulators.
US Banks Granted Crypto Custody Authority
The US Securities and Exchange Commission (SEC) has removed barriers to banks offering custody services for Bitcoin and other cryptocurrency clients by repealing SAB 121. The newly issued SAB 122 removes the requirement for banks to list client assets as liabilities on their balance sheets. The change allows banks to treat only potential risks (like theft or fraud) as “contingent liabilities” and reduces compliance costs.
Trump-Backed World Liberty Financial Makes New TRX and WBTC Purchases
World Liberty Financial (WLFI) plans to purchase $2.65 million worth of TRX this week, following its $9.8 million purchase of WBTC. The project holds a total of $352 million worth of crypto assets, while the WLFI token sale is nearing its conclusion with $1.1 billion in proceeds. This movement, supported by the Trump administration’s pro-crypto policies, aims to increase innovation and financial inclusion in the DeFi ecosystem. Justin Sun showed his support for the project by participating in the WLFI token sale with $30 million.
Ethereum’s “Etherealize” Move
Ethereum aims to attract banks and financial institutions to the blockchain ecosystem with its “Etherealize” initiative. Led by Wall Street expert Vivek Raman, this program aims to improve Ethereum’s capabilities to tokenize and securely support the trading of high-value assets. The initiative aims to create a bridge between traditional finance and blockchain, and is seen as a critical step towards increasing institutional adoption of Ethereum. However, internal challenges and the competitive environment are among the obstacles that need to be overcome for the project to succeed.
BlackRock CEO Larry Fink’s “Tokenization Can Democratize Investment” Message
Larry Fink emphasized the potential of blockchain and tokenization to transform the investment world at the World Economic Forum in Davos. Fink, who called on the SEC to approve tokenization of stocks and bonds, said that this would facilitate ownership and reduce costs. He also criticized the proxy voting processes during the SEC Chairman Gensler period, stating that the system should be simplified. Responding to criticism regarding Environmental, Social and Governance (ESG) policies, Fink stated that BlackRock’s authentic and customer-centric approach was supported by its $641 billion fundraising success.
Tron’s Zero-Fee Stablecoin Revolution
Justin Sun announced the zero-fee stablecoin transfer framework for the Tron network. This innovation, which aims to eliminate user fees, aims to make stablecoin transactions more accessible. Tron ranks second after Ethereum with a 36% market share, while 98% of the stablecoin supply in the ecosystem consists of Tether’s USDT. Sun plans to initially offer the solution to the Tron network, then expand it to Ethereum and EVM-compatible chains. While a similar attempt has failed in the past, this new step is expected to revolutionize stablecoin transactions.
Kansas Plans to Invest 10% of Retirement Funds in Bitcoin ETFs
Kansas Senator Craig Bowser has introduced a bill proposing that 10% of public employee retirement funds be invested in spot Bitcoin ETFs. The bill calls for the creation of a board of trustees to manage these investments and to review the performance of the investments annually. This bill, which is an important step for Bitcoin supporters, will not be able to enter into force until the state completes the legislative process.
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BITCOIN (BTC)
BTC is priced at $ 104,900 as of the morning hours with a 1.00% gain in value. The price is trading at 104,934 levels and is trying to stay above this region. The red resistance zone between 106,000 and 108,000 above is a critical obstacle. Selling pressure may increase when the price approaches this region. In downward movements, the $ 102,451 level should be monitored as the first important support. Below this level, the green support area around $ 100,000 draws attention as a region where buyers can step in. If this area is broken, a pullback towards 96,060 and 91,968 levels may occur. Currently, the price is moving in a horizontal band and is looking for short-term direction. In an upward breakout, breaking above 108,000 could take the price to higher levels.
ETHEREUM (ETH)
ETH is priced at $ 3,373 as of the morning hours with a 1.00% loss in value. The price is traded at 3,363.93 and is exhibiting short-term increases. The red zone above (3,500 – 3,600) is an important resistance area. Selling pressure may increase as this level is approached. The green area where the price is trading is notable as a consolidation area between 3,220 – 3,360. This area represents price movements that are squeezed between support and resistance. If the price holds above this area, the possibility of continuing upward movements may increase. However, if this area is lost, the possibility of a drop towards the blue support area at 3,100 or below may be on the agenda. The current structure indicates that a horizontal trend is continuing. Investors should monitor in which direction this consolidation will break and plan their transactions accordingly. An upside break could carry the price to resistances above 3,500, while a downside break could trigger a deeper correction.
RIPPLE (XRP)
XRP is priced at $ 3.1578 with a 1.24% gain as of the morning hours. The price is traded at 3.1584. The upper level of 3,200 stands out as resistance. If the price exceeds this level, the probability of the uptrend continuing may increase. However, if it encounters resistance at this level, the price may pull back again. The levels of 2.8716 and 2.7220 below the price stand out as support areas. These levels can be evaluated as areas where the price can hold on if it declines. In particular, the orange area at the level of 2.8716 should be monitored as a strong support area. In the upward breakout, movement towards higher levels is possible, while in downward movements, the 2.8716 level may work as a critical support.
AVALANCHE(AVAX)
AVAX is traded at $35.91 with a 1.00% loss in value as of the morning hours. The price is currently trading at 35.83, with 35.63 being the support level. Maintaining this support level may play an important role in the price’s upward recovery. However, if this level is broken, the 32.95 level may stand out as the next support. On the resistance side, the 37.67 level is a resistance point observed in the short term. Above this level, the 39.05 and 40.30 levels stand out as stronger resistances, respectively. The 42.06 level in particular is an important resistance zone that can be reached in the event of a strong upward breakout. The price is currently stuck between the 35.63 support and the 37.67 USD resistance. The direction of the exit from this narrow band will determine the short-term movement of the parity.
SOLANA (SOL)
SOL is priced at $260 levels with a 2.72% loss in value as of the morning hours. The 245.52 level stands out as a short-term support point. Maintaining this level is critical for the price to continue its upward momentum. 229.30 stands out as a stronger support level, and if this level is broken, the price has the potential to pull back to 201.83. On the upside, the current price action has encountered resistance near the 260 level. Above this level, there are psychological resistance levels of 280 and then 300. A clear break above 260 could pave the way for the price to move towards these resistance levels.
