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 together with his fast household and buddies) continued to make headlines in crypto circles. We additionally witnessed noteworthy developments in AI and gaming.
Here’s a recap of what occurred in crypto not too long ago:
- 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 shifting all US Treasury operations onto the blockchain
- Google introduced a $75B AI funding plan whereas its inventory dropped 10%
- Crypto avid gamers anticipate three thrilling new initiatives
Now, let’s zoom in somewhat.
1. Trump’s 25% Tariffs Shake Up the Market
The crypto market confronted turbulence, with Bitcoin ($BTC) briefly touching $92K after Trump announced 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 Fear & Greed Index entered the Fear zone for the primary time since October 2024 and hasn’t but recovered. The impression rippled by conventional markets as effectively, with the S&P 500 futures dropping 1.9% and the Dow Jones Industrial Average falling 1.5%.
However, there could also be extra strategic depth to Trump’s tariffs threats than fast market reactions recommend. Specifically, it might be an try and weaken the greenback whereas sustaining low yields, thus forcing nations to shift from short-term greenback reserves to long-term Treasury bonds.
2. Eric Trump Endorses $ETH in an Attempt to Recover WLFI Portfolio
Eric Trump seems to be his father’s major crypto advisor, as evident from his involvement with World Liberty Finance (WLFI) and the official $TRUMP meme coin.
Last Monday, the presidential son tweeted ‘it’s a great time to add $ETH’ because the token dipped some 20% (on the again of Trump’s tariff struggle, that’s). $ETH’s value subsequently rose from $2.3K to $2.7K.
Eric Trump’s $ETH advocacy is sensible given WLFI’s substantial holdings of the asset. The firm bought over $100M in $ETH and $WBTC in January and a further $5M $ETH final week.
With a mean $ETH buy value 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 establish 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.
Unlike conventional strategic reserves that concentrate on secure belongings, 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 investments in corporations like MicroStrategy.
While 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 Wants to Move the $1.5T US Treasury on the Blockchain
Musk raised eyebrows together with his proposal to put the US Treasury on the blockchain – all $1.5T of it. We’re speaking a couple of blockchain that might deal with all the things from social safety checks to federal worker paychecks.
In line with the D.O.G.E mission, this is able to make Treasury administration extra environment friendly and improve transparency, as you might observe each greenback the federal government spends.
However, many are skeptical concerning the thought.
Either means, this transition would pressure over 3M federal staff to begin utilizing blockchain know-how and push crypto adoption to ranges by no means seen earlier than.
5. Google’s ‘Small’ $75B AI Investment Rattles Wall Street
Google CEO Sundar Pichai plans to invest $75B in AI, which he referred to as a ‘small expenditure.’
It’s clear that AI is taking heart stage in Google’s technique, particularly given how a lot of the corporate’s $95B income final yr was tied to AI-related companies.
While Google’s yearly income elevated 12%, Wall Street appeared jittery about this spending plan, which despatched Alphabet Inc. shares down 10%.
However, Google has no different possibility to remain forward of the Silicon Valley AI race. Microsoft isn’t far behind with its $80B AI infrastructure plan. Meta and Amazon are additionally pouring substantial assets into AI.
Capital inflows into the AI sector imply that AI meme cash and AI agent tokens may see extra upside this yr.
6. New in Crypto Gaming: Super Bowl NFTs, GTA 6, StepMania
In different crypto information, Mythical Games launched a Super Bowl promotion for NFL Rivals, its NFT cellular soccer sport. The two-week occasion options 30 new participant playing cards from the Kansas City Chiefs and Philadelphia Eagles.
Meanwhile, streamers Adin Ross and FaZe Banks plan to create a crypto-focused customized server for the upcoming GTA 6. However, they may face challenges given Rockstar Games’ 2022 ban on crypto and NFTs in GTA Online servers.
In different crypto sport information, a brand new move-to-earn (M2E) health app, StepMania, is now obtainable on Telegram. It takes inspiration from StepN, a 2021 M2E sport that attracted 5.6M customers with its distinctive mechanic and sneaker NFTs.
7. MIND of Pepe ($MIND) Could Benefit From the AI Race and Trump’s Policies
Trump’s pro-crypto technique, shared by Eric Trump and Elon Musk, is bullish for your complete altcoin sector. That’s notably true for AI tokens like MIND of Pepe ($MIND) in mild of the present Big Tech AI race.
MIND of Pepe is a self-sovereign agent that runs on Ethereum. It can analyze market information, ship unique insights to its token holders, interact in discussions on social media, and even launch its personal initiatives (together with crypto video games).
Currently on presale, one $MIND token prices $0.0032924, however the value will enhance in 14 hours. The undertaking has raised $5.6M up to now, and early adopters have staked 859B tokens at a 407% APY.
After $MIND hits the bottom operating and lists on DEX, it may surge 10X, particularly now that Eric Trump has 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 selections on market actions is plain, so we will solely hope the upcoming days will convey 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 one of many best presales in 2025.
As at all times, nonetheless, remember to DYOR and hold a cool head. The present crypto market is extraordinarily unstable, so diversify your portfolio and solely make investments as a lot as you’ll be able to afford to lose.
