This coming crypto week is expected to significantly impact investor portfolios. Key events such as the swearing-in of President-elect Donald Trump, the approaching deadline for the Solana ETF, and the Jupiter airdrop are all set to make the market rather unpredictable.
Here are the key events that crypto market participants should watch closely.
Donald Trump Inauguration and Gary Gensler’s Resignation
Kicking off the week with a bang, American markets will greet Monday, January 20th, as the day of Donald Trump’s inauguration for his second term in office. The crypto markets are abuzz with excitement, as they look forward to potential pro-cryptocurrency policies from the incoming President.
Additionally, it’s anticipated that Trump will issue executive orders concerning cryptocurrencies during the early days of his presidency. Furthermore, there are rumors suggesting that he might mention a U.S. Bitcoin Strategic Reserve in his inaugural address.
If this action is taken, Bitcoin could be validated as a nationally-supported reserve asset, signifying a significant change in the U.S. administration’s viewpoint towards cryptocurrencies. Previously viewed with suspicion, under Trump’s leadership, Bitcoin may soon gain widespread acceptance as digital bullion.
According to Fluence co-founder and CEO Tom Trowbridge, speaking to BeInCrypto, the new administration brings a fresh chapter for the crypto industry. The Crypto Reserve could spark a competition among nations to amass Bitcoin and other digital assets. The U.S.’s favorable stance towards cryptocurrencies is expected to inspire pro-crypto laws worldwide. At present, there’s significant interest in determining the structure and size of the Crypto Reserve, with much speculation over which currencies will be incorporated.
Additionally, Trowbridge expects that there will be no capital gains taxes applied to U.S.-based cryptocurrencies. In such a scenario, it is likely that trading activity in these digital currencies would increase significantly, potentially igniting a competition among upcoming projects to list within the U.S., and attracting other players as well.
Interestingly, Trump’s inauguration day coincides with the anticipated departure date for Gary Gensler, the outgoing chairman of the U.S. Securities and Exchange Commission (SEC), who has been critical of cryptocurrencies. On the other hand, Paul Atkins, who is currently in the role, is a Trump appointee known for his pro-cryptocurrency views.
Solana ETF Approval Deadline
With enthusiasm surrounding Trump’s inauguration and anticipation growing, cryptocurrency markets are also betting that the incoming administration will endorse a Solana Exchange-Traded Fund (ETF). As BeInCrypto reported, according to Polymarket, there’s an 82% likelihood of Solana ETF approval with the new administration in office. This significant shift from just a 3% chance to 82% happened within a short span of less than four months.
The application by Grayscale for a Solana ETF has its final submission date set for January 23rd with the Securities and Exchange Commission (SEC). If approved, this could be a significant milestone for this financial instrument, potentially paving the way for more altcoin ETFs in the United States.
Currently, with Gary Gensler stepping down, there’s increased hope for crypto ETF approvals due to potential regulatory shifts. According to ETF analyst Eric Balchunas, a Litecoin ETF might have an edge and could soon secure Securities and Exchange Commission (SEC) endorsement.
Balchunas stated, “Rumors suggested that the Litecoin S-1 received feedback from the SEC. If this is true, it aligns with our forecast that Litecoin could very well be the next digital coin to gain approval.
Jupiter’s 700 Million JUP Airdrop
As an analyst, I’ve been keeping tabs on the latest cryptocurrency news, and one noteworthy event that stands out is the upcoming airdrop of 700 million JUP tokens from Jupiter. Despite the ongoing political climate, regulatory adjustments, and administrative shifts, this development has managed to secure a prominent place in the crypto world’s limelight. The initial Jupiter airdrop remains one of the most successful on Solana to date, making its next airdrop an event of significant interest following the recent release of the allocation checker by Jupiter earlier this month.
After achieving significant success with its first distribution, the “Japuary” Jupiter airdrop is poised to rank among the biggest in crypto history. The rewards vary from 25 tokens for a swap volume of $500, all the way up to an impressive 20,000 tokens for a whopping $10 million in trading volume.
Yet, the intense excitement has led to network overload. To tackle this problem and get things back to normal, Jupiter unveiled its plan of action.
Currently, all our systems are facing heavy usage and we’re doing everything we can to get them back up and running smoothly. We apologize sincerely for any trouble this may have caused you. For critical issues, please submit a ticket on Discord, rest assured we will attend to them promptly. On the positive note, welcome to the wave of widespread adoption!” – Jupiter shared.
There’s ongoing discussion about how the airdrop might affect the value of the JUP token, as some experts predict different results.
As a DeFi and airdrop analyst, I want to clarify that unlike a random airdrop, one tied to a robust DAO with a 30% token burn does not significantly influence the token price. The team has not instilled selling incentives; instead, staking allows for earning approximately +20% over a period of 4 months through voting. Therefore, I don’t anticipate substantial fluctuations in the token price. Interestingly enough, when Kamino launched Season 2, the token price actually increased – Jussy.Sol’s recent observations.
Based on BeInCrypto’s information, JUP has dropped by nearly 17% from its opening on Monday. As of now, it is being traded at $0.9963.
Mantle 2025 Roadmap
This week, news outlets are buzzing about Mantle’s upcoming reveal of their 2025 blueprint on January 22nd. In addition to this roadmap, they’re set to launch a brand-new product, sparking excitement among the community as they wonder what surprises are in store.
🔮 As a forward-thinking crypto investor, I’m excited to invite you to our “2025: The Year of Mantle Livestream” on X. Here, we’ll unveil key milestones from our 2025 roadmap, share our vision for the future, and introduce some game-changing products. Get ready for an exclusive sneak peek at our latest offering! Plus, don’t miss out on the engaging panel discussion featuring leaders from Ignition (FBTC), mETH Protocol, and Mantle, happening Jan 22nd, 1 PM UTC. See you there! 🚀
Following a prosperous 2024, I find myself in a position where I can confidently reflect on the remarkable progress made by the Mantle Network. As per the latest findings, we’ve made substantial headway in streamlining our toolset. This includes the consolidation of key components such as the Mantle Network itself, the mETH protocol, and our collection of yield-generating assets.
1. The system reached a locked total value of $2.36 billion, making the mETH protocol the fourth-largest liquid staking platform for ETH. Looking ahead to 2025, Mantle’s expansion and advancements will be constructed on its solid base laid in 2024, with AI agents potentially being integrated into Mantle Network’s future plans for that year.
2025 marks an important phase of expansion…As the use of autonomous AI technologies increases, we’re committed to enhancing Mantle Portal, providing Limited Partners with advanced resources for managing their portfolios more effectively. (Mantle blog)
Zero1 Labs’ AI Agent Launchpad Debut
This week, the AI agent launchpad from Zero1 Labs’ network is anticipated to make headlines among top crypto news. The platform enables users to create, train, and deploy AI agents that come with automated social media capabilities. Currently, three gifted teams are ready to introduce their innovative AI creations on RivensAI.
According to Zero1 Labs, the first agent platform on the Ethereum network that goes by the name Rivens will officially debut next week. They’re currently conducting live testing and making final adjustments/repairs before the launch.
On January 10th, Zero1 Labs announced plans to release their Minimum Viable Product (MVP). This new platform focuses on EVM agent technology and offers a fully automated system that emphasizes X integration, the deployment of tokenized agents, and data training.
Significantly, the energy that fuels Zero1 Labs’ token, DEAI, serves as the liquidity token for all its agents. All the fees amassed are channeled towards the team responsible for launching these agents.
aiXBT AI Agent Terminal Tier Access Launch
This week, we can anticipate the introduction of tiered access for the AIxBT AI agent terminal to be a major highlight in the world of top cryptocurrency news. It’s believed that this change will substantially boost the terminal’s earnings.
Recently, Nick Garcia, a cryptocurrency researcher, noted a significant surge in market value and popularity for aiXBT. Currently, approximately 250 individuals can use the terminal (valued at $384,000), which equates to just 0.16% of aiXBT holders. In the coming week, a tiered access system is set to be implemented. If the terminal proves impressive and becomes more accessible, anticipate even greater interest in this leading crypto asset.
Against this backdrop, the network said terminal-tiered access is a good feedback loop.
The sequence goes like this: A token is followed by mindshare, and mindshare is followed by terminal access, which in turn is followed by a token. In simpler terms, first there’s a token, then people adopt it (mindshare), they use it to access something (terminal access), and finally, the token comes back into play again.
aiXBT excels at monitoring changes in sentiment and identifying popular topics, primarily by focusing on social media data instead of traditional technical analysis. By scrutinizing information from approximately 400 influential figures (Key Opinion Leaders or KOLs), it gains insights about the platform X.
Starting from its debut in November 2024, it has amassed close to 400,000 followers by accurately predicting developing trends instantaneously. The AIXBT token functions within this system, providing holders with entry to the aiXBT Terminal and its statistical analysis.
Having high entry barriers fosters exclusivity, yet it narrows the path for wider participation. The worth of this entity derives from its widespread usage, trading frequency, and significance within aiXBT’s market insight.
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2025-01-20 13:58