We’re again with our weekly crypto recap.
If Trump’s presidency means one factor, it’s that there’ll be no scarcity of crypto information.
This previous week, the newly inaugurated president (alongside along with his instant household and associates) continued to make headlines in crypto circles. We additionally witnessed noteworthy developments in AI and gaming.
Right here’s a recap of what occurred in crypto just lately:
- Trump’s tariffs shook the crypto and inventory markets
- Eric Trump says purchase the dip as $ETH misplaced over 20% in worth
- Trump established the primary federal wealth fund, and Lummis hinted it may maintain $BTC
- Musk proposed transferring all US Treasury operations onto the blockchain
- Google introduced a $75B AI funding plan whereas its inventory dropped 10%
- Crypto players anticipate three thrilling new initiatives
Now, let’s zoom in just a little.
1. Trump’s 25% Tariffs Shake Up the Market
The crypto market confronted turbulence, with Bitcoin ($BTC) briefly touching $92K after Trump introduced 25% tariffs on Canadian and Mexican imports.
Canada instantly imposed a counter-tariff, whereas Mexican President Claudia Sheinbaum took a extra cautious method.
The Crypto Concern & Greed Index entered the Concern zone for the primary time since October 2024 and hasn’t but recovered. The impression rippled by means of conventional markets as effectively, with the S&P 500 futures dropping 1.9% and the Dow Jones Industrial Common falling 1.5%.
Nonetheless, there could also be extra strategic depth to Trump’s tariffs threats than instant market reactions recommend. Particularly, it could possibly be an try and weaken the greenback whereas sustaining low yields, thus forcing international locations to shift from short-term greenback reserves to long-term Treasury bonds.
2. Eric Trump Endorses $ETH in an Try and Get well WLFI Portfolio
Eric Trump seems to be his father’s fundamental crypto advisor, as evident from his involvement with World Liberty Finance (WLFI) and the official $TRUMP meme coin.
Final Monday, the presidential son tweeted ‘it’s a good time so as to add $ETH’ because the token dipped some 20% (on the again of Trump’s tariff battle, that’s). $ETH’s worth subsequently rose from $2.3K to $2.7K.
Eric Trump’s $ETH advocacy is sensible given WLFI’s substantial holdings of the asset. The corporate bought over $100M in $ETH and $WBTC in January and a further $5M $ETH final week.
With a median $ETH buy worth of $3.3K, WLFI presently faces an unrealized lack of roughly $31M.
3. Trump Creates a Sovereign Wealth Fund, $BTC in Focus
Trump signed an govt order to determine America’s first federal sovereign wealth fund. Senator Cynthia Lummis then tweeted it’s a ‘₿ig deal,’ with the Bitcoin ₿, presumably hinting at an upcoming $BTC funding.
Not like conventional strategic reserves that target steady property, sovereign wealth funds have the pliability to diversify into extra dynamic investments – like crypto.
This method would mirror Norway’s sovereign wealth fund technique, which already has oblique $BTC publicity by means of investments in firms like MicroStrategy.
Whereas Alaska and Texas have been efficiently working state-level sovereign wealth funds for a while, that is an uncharted territory for the federal authorities.
4. Musk Needs to Transfer the $1.5T US Treasury on the Blockchain
Musk raised eyebrows along with his proposal to place the US Treasury on the blockchain – all $1.5T of it. We’re speaking a couple of blockchain that will deal with the whole lot from social safety checks to federal worker paychecks.
This could make Treasury administration extra environment friendly (in keeping with the D.O.G.E mission) and improve transparency, as you would observe each greenback the federal government spends.
Nonetheless, many are skeptical about this concept.
Both approach, this transition would power over 3M federal workers to begin utilizing blockchain know-how and push crypto adoption to ranges by no means seen earlier than.
5. Google’s ‘Small’ $75B AI Funding Rattles Wall Road
Google CEO Sundar Pichai plans to speculate $75B in AI, which he referred to as a ‘small expenditure.’
It’s clear that AI is taking middle stage in Google’s technique, particularly given how a lot of the corporate’s $95B income final yr was tied to AI-related companies.
Whereas Google’s yearly income elevated 12%, Wall Road appeared jittery about this spending plan, which despatched Alphabet Inc. shares down 10%.
Nonetheless, Google has no different possibility to remain forward of the Silicon Valley AI race. Microsoft isn’t far behind with its $80B AI infrastructure plan. Meta and Amazon are additionally pouring substantial assets into AI.
Capital inflows into the AI sector imply that AI meme cash and AI agent tokens would possibly see extra upside this yr.
6. New in Crypto Gaming: Tremendous Bowl NFTs, GTA 6, StepMania
Legendary Video games launched a Tremendous Bowl promotion for NFL Rivals, its NFT cellular soccer recreation. The 2-week occasion options 30 new participant playing cards from the Kansas Metropolis Chiefs and Philadelphia Eagles.
In the meantime, streamers Adin Ross and FaZe Banks plan to create a crypto-focused customized server for the upcoming GTA 6. Nonetheless, they could face challenges given Rockstar Video games’ 2022 ban on crypto and NFTs in GTA On-line servers.
In different crypto recreation information, a brand new move-to-earn (M2E) health app, StepMania, is now accessible on Telegram. It takes inspiration from StepN, a 2021 M2E recreation that attracted 5.6M customers with its distinctive mechanic and sneaker NFTs.
7. MIND of Pepe ($MIND) Might Profit From the AI Race and Trump’s Insurance policies
Trump’s pro-crypto technique, shared by Eric Trump and Elon Musk, is bullish for the whole altcoin sector. That’s significantly true for AI tokens like MIND of Pepe ($MIND) in mild of the present Large Tech AI race.
MIND of Pepe is a self-sovereign agent that runs on Ethereum. It could actually analyze market knowledge, ship unique insights to its token holders, have interaction in discussions on social media, and even launch its personal initiatives (together with crypto video games).
At the moment on presale, one $MIND token prices $0.0032924, however the worth will improve in 14 hours. The venture has raised $5.6M to date, and early adopters have staked 859B tokens at a 407% APY.
After $MIND hits the bottom operating full-scale, it may surge 10X, particularly now that Eric Trump endorsed the Ethereum ecosystem.
This Week in Crypto – The Low Down
This week, all eyes are on Trump’s crypto agenda and the AI sector. The impact of federal coverage choices on market actions is plain, so we are able to solely hope the upcoming days will deliver excellent news.
Uncertainty forces buyers to hunt utility-focused initiatives like MIND of Pepe. Its data-backed market insights and skill to autonomously launch new initiatives make it top-of-the-line presales in 2025.
As all the time, nonetheless, be sure you DYOR and preserve a cool head. The present crypto market is extraordinarily unstable, so diversify your portfolio and solely make investments as a lot as you may afford to lose.
