What to know:
By Omkar Godbole (All times ET unless indicated otherwise)
Ah, Bitcoin! The ever-elusive creature, clinging to its lofty perch above $100,000, while VET, ENA, LINK, and LDO prance about like peacocks, flaunting their gains. All this, mind you, just a day after our dear President Trump, in a speech that could have used a sprinkle of crypto magic, forgot to mention our beloved digital currency. How rude! 😏
But lo! The options market is buzzing with whispers of impending chaos, as traders, like nervous cats, sense the storm brewing since Trump’s grand entrance. Griffin Ardern, the oracle of options trading at BloFin, suggests that the impending shareholder vote at MicroStrategy might just be the spark that ignites the powder keg. And let us not forget the Bank of Japan, poised to raise rates, which could send the yen soaring and cryptocurrencies tumbling like a clumsy ballet dancer. 💃
And what of tariffs? Trump’s plans to impose a hefty 25% on our neighbors to the north and south loom like a dark cloud, though history tells us that such threats rarely rain on the parade of risk assets.
“Markets received a stark reminder of life under President Trump, with more volatility-inducing rhetoric,” quipped QCP Capital, as if we needed reminding! 😂
Yet, amidst the chaos, a glimmer of hope shines through. “Despite a rather dreary debut for cryptocurrencies under the new administration, Bitcoin has managed to hold its ground above $101K, dodging the dreaded ‘sell-the-news’ effect,” noted Valentin Fournier, the ever-optimistic analyst at BRN. He assures us that while regulatory progress may be slower than a tortoise in molasses, brighter days are on the horizon. 🌅
And then, like a plot twist in a melodrama, the TRUMP memecoin burst onto the scene, heralding a “fundamental shift” in the American digital asset landscape. Laurent Benayoun, the CEO of Acheron Trading, claims it has attracted new buyers, particularly into BTC and SOL. Who knew a meme could wield such power? 🦸♂️
“This phenomenon can be seen as a dual narrative,” he mused, “a significant value creation in TRUMP, initially driven by intra-market rotation, which later sparked fresh capital inflows.” Stay alert, dear reader! The plot thickens! 🕵️♂️
Token Events
- Governance votes & calls
- ApeChain is voting on a revamped governance process for 75% of the on-chain treasury to be directed to the DAO treasury contract and the remaining 25% to the Ape Foundation for administrative and support purposes. Voting began Jan. 17 and will last for 13 days.
- CoW DAO is discussing the potential allocation of 80 million COW to empower the core treasury team for further liquidity provisioning, economic opportunities, and the development of the DAO’s product roadmap from 2025 to 2028.
- Jan. 22: Mantle (MNT) will host a livestream with updates on its 2025 roadmap. at 8 a.m.
- Unlocks
- Token Launches
- Jan. 21: Bybit is listing Solayer (LAYER).
- Jan. 22: Jambo (J) is listing on OKX, Bitfinex and Bybit.
Token Talk
By Shaurya Malwa
In a twist worthy of a farcical comedy, Donald and Melania Trump’s official memecoins have inspired a legion of wannabe token creators
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2025-01-21 15:19