U.S. President Donald Trump announced a 15% worldwide tariff on imported goods, despite an earlier Supreme Court decision that invalidated earlier trade actions.
Retail investors of the official TRUMP and MELANIA memecoins have recorded significant losses since their launch, leaving holders absorbing over $4 billion in losses now that the tokens trade more than 90% below their early 2025 highs. Related Reading: Analyst ‘Cautiously Optimistic’ About Dogecoin As Price Rally Stalls Trump Family Memecoins Leave Investors In Red On Friday, a CryptoRank report shared how retail investors have lost billions on the official Trump family memecoins while insiders seemingly pocketed millions of dollars. Over a year ago, President Trump surprised the industry by launching his official token ahead of the start of his second term. The memecoin rapidly skyrocketed to an all-time high (ATH) of $75, bringing massive profits for many early investors. Two days later, the US First Lady, Melania Trump, announced the launch of her memecoin, which quickly surged to an ATH of $13.05 in less than 24 hours. However, the tokens faced significant backlash from the crypto community, with some X users calling the memecoins a “big red flag” as later reports revealed that one of the faces behind the MELANIA memecoin was Hayden Davis, the mastermind behind the LIBRA Token disaster. A year after their launch, the TRUMP and MELANIA memecoins have sunk, collapsing 92% and 99%, respectively, from their January 2025 highs. As of this writing, the token based on the US President trades around $3.55, while the First Lady’s token hovers around $0.11. According to CryptoRank, the damage to retail investors has been staggering, with holders absorbing losses at a 20-to-1 ratio. “For every dollar insiders earned, ordinary investors lost $20,” the report noted. As a result, retail losses have exceeded $4.3 billion from nearly two million wallets currently underwater. Citing data from blockchain analytics firm Chainalysis, CNBC shared that most wallets that lost money held smaller amounts of the token. Insiders And Crypto Exchanges Generate Millions While retail holders bear the losses, CryptoRank highlighted that insiders have cashed out over $600 million through fees and token sales. Notably, 45 wallets extracted approximately $1.2 billion combined, and 58 wallets made more than $10 million each, CNBC data shows. The report also noted that the selloff may not be over, as $2.7 billion in insider tokens that will be locked until 2028 suggests significant selling pressure is still on the horizon for the memecoins. As reported by NewsBTC, a Reuters analysis claimed that crypto exchanges were major beneficiaries of the presidential family’s memecoins, with the TRUMP token generating millions of dollars in revenue for some of the largest exchanges. Based on standard fee estimates compiled by the news outlet, the reviewed crypto platforms allegedly made more than $172 million in trading fees just six months after the token’s listing. Related Reading: SUI Eyes Price Recovery As Institutional Exposure Expands With Grayscale, Canary ETF Launches Meanwhile, the Trump family has also significantly benefited from their main crypto ventures, including World Liberty Financial (WLFI) and the TRUMP and MELANIA memecoins. According to recent Bloomberg data, the official presidential memecoins have generated gains worth roughly $280 million from the family’s holdings and associated proceeds. Featured Image from Unsplash.com, Chart from TradingView.com
Crypto prices edged higher on Friday despite a splash of tariff turbulence after the U.S. Supreme Court ruled Trump's levies illegal.
The more significant result from the U.S. Supreme Court's rejection of President Donald Trump's trade tariffs may be political, which could sting the industry.
As has been typical in crypto markets of late, even the most modest move higher was met with immediate selling.
Recent market dynamics have given different reasons as to why the XRP price is programmed to shoot to double and triple digits. However, a supporter known as Remi Relief recently outlined a case for a four-figure XRP valuation, with the reason being that several unfolding events could lay the groundwork for a move toward $1,200 and even beyond. Remi Relief’s XRP price outlook is based on a combination of incoming regulations, geopolitical developments, and long-term pattern comparisons to XRP’s historic rally in 2017/2018. The Clarity Act And Regulatory Momentum According to XRP supporter Remi Relief, XRP’s price will break above $1,000 by the end of the cycle. This bullish outlook is based on how XRP reacts after the proposed Clarity Act is finally passed. The Clarity Act is an anticipated market structure bill that supporters believe could define clearer rules for digital assets in the United States and remove uncertainty around crypto regulation, including XRP. Ripple CEO Brad Garlinghouse is betting on the Clarity Act to be signed into law by April. Related Reading: What Happens If XRP Is Building Its Final Base At These Levels? However, Remi Relief noted that US President Donald Trump wants progress on the legislation’s passing as early as March 1. According to this view, regulatory clarity would significantly benefit Ripple Labs and, by extension, XRP. Advocates like Remi Relief are of the notion that once legal frameworks are solidified, institutional players that have will now be incentivized to begin allocating more capital into the crypto industry. As an institutional finance-centric crypto, XRP is well-positioned to attract a meaningful share of any large-scale inflows from financial institutions entering the crypto market. Another major point is with Ripple Treasury, which was recently introduced by GTreasury. Remi Relief noted that the platform handled $13 trillion in payments last year, none of which were processed through crypto rails. Imagine how much this would matter for XRP demand if even a fraction of that transactional volume were to migrate onto the XRP Ledger. The 2017/2018 Fractal And The $1,697 Projection XRP’s price action might currently be stuck under $1.50, but various technical analyses show it is still following price playbacks before bullish rallies in previous years. Remi Relief believes this is certainly the case, and a parabolic move is incoming, with a $1,697.27 XRP if the cryptocurrency follows the same pattern as the 2017/2018 cycle. Related Reading: XRP Emerges As Rotation Target As Investors Exit Bitcoin And Ethereum According to the analyst, not only is a $1200-$1700 target possible for XRP, but it’s also a conservative opinion. This plays into a prevailing sentiment where the $1,200 pathway is a high-conviction thesis among a segment of the XRP community. Some XRP proponents are even of the notion that market cap arguments of XRP reaching extravagant price targets like $1,000 and even five digits at $10,000 are misguided. Featured Image from Freepik, chart from Tradingview.com
The latest inquiry lands amid broader Democratic pressure over Trump-linked crypto activity and World Liberty Financial.
The request follows a separate House probe launched last week by Rep. Ro Khanna, widening the congressional scrutiny around the Trump-linked firm.
The filings include a bitcoin and ether ETF and a staking-focused Cronos fund, deepening the Truth Social brand’s ambitions in digital asset investing.
Trump Media and Technology Group is looking to list a fund tracking the native token for Crypto.com's Cronos network, and BTC/ETF ETF.
The lawsuit claims that Bannon, Epshteyn, and other defendants misled investors about the memecoin, which was launched in late 2021.
The Bitcoin and Ethereum prices have rebounded from last week’s lows, providing optimism that the bottom may be in. This comes amid accumulation from whales while the crypto ETFs have seen notable inflows following last week’s outflows. Why The Bitcoin And Ethereum Prices Are Climbing Again The Bitcoin and Ethereum prices have pumped from their last week’s lows of around $60,000 and $1,900, respectively. BTC climbed to as high as $71,000, sparking bullish sentiments that the crash to $60,000 may have marked the bottom. These price surges have come on the back of significant accumulation from both retail and institutional investors. Related Reading: 5 Red Months In A Row: What’s Going On With Bitcoin And The Crypto Market? In an X post, on-chain analytics platform Lookonchain revealed two whales that are buying Bitcoin and Ethereum. These two newly created wallets are said to have withdrawn 3,500 BTC, worth $249 million, and 30,000 ETH, worth $63 million, from Binance, likely to hold these coins for the long term. Furthermore, Bitcoin and Ethereum prices have also rebounded due to renewed inflows into BTC and ETH ETFs. SoSoValue data shows that the BTC ETFs recorded a daily net inflow of $145 million yesterday, sustaining the momentum from last Friday, when they took in $371 million, after recording three consecutive days of outflows. Further data from SoSoValue shows that the Ethereum ETFs saw daily net inflows of $57 million yesterday, reversing the trend after seeing three consecutive daily net outflows. Tom Lee’s BitMine also continues to buy more ETH, which is a positive for the Ethereum price. Lookonchain revealed that BitMine bought 40,000 ETH, worth $83 million, yesterday. These purchases come just after the company announced it had purchased 40,613 ETH, valued at $82.85 million, last week. Related Reading: Ethereum Price Set To Break Out Against Bitcoin, But How High Can It Go? It is also worth highlighting external factors that have contributed to the recent rise in Bitcoin and Ethereum prices. Tensions between the U.S. and Iran appear to have cooled following talks last Friday, after initial reports that the talks were unlikely to proceed. Meanwhile, traders are beginning to price in the possibility of a rate cut in March after recent job reports came in weak. Bullish Case For BTC And ETH Crypto analyst Michaël van de Poppe has made a bullish case for the Bitcoin and Ethereum prices. In an X post, he stated that he expects to see more momentum coming in for BTC, with a clear breakout above $71,500 in the coming days. The analyst added that the pattern is comparable to the COVID crash, and he thinks a rally to between $78,000 and $80,000 could occur in the coming weeks. For Ethereum, Michaël van de Poppe stated that this is a “tremendous” opportunity to be looking at ETH because there is a massive gap to the ‘fair price.’ He added that ETH’s current valuation, based on the MVRV ratio, is just as underpriced as during notable crashes such as the peak of the 2018 bear market and the April 2025 crash when Trump announced reciprocal tariffs. Featured image from iStock, chart from Tradingview.com
President Donald Trump did order a bitcoin reserve, but it doesn't yet exist, even as the CNBC host says the feds will start filling it when bitcoin hits $60,000.
Analysts at Bernstein said the current bitcoin downturn reflects a crisis of confidence rather than structural damage.
Bitcoin is on course to see five red months in a row, as it is currently down over 16% to start this month after closing the last four consecutive months in the red. The Bitcoin decline has also impacted the crypto market, which has lost a significant portion of its market value during this period. Bitcoin Facing Five Red Months As Crypto Market Struggles Cryptorank data show that Bitcoin is now facing its fifth consecutive red month, down 16% this month after closing October, November, December, and January in the red. The last time this happened to BTC was in 2018, when it entered a bear market after reaching record highs in 2017. The crypto market is also facing downside pressure, having lost nearly half of its market value since October. Related Reading: Bitcoin Price Just Hit A 15-Year Trendline After The Crash, What This Means Crypto analyst Benjamin Cowen has stated that October 2025 marked the top for Bitcoin and the crypto market and that they are now in a bear market. He noted that bear markets don’t last and that better times will come. He further opined that October 2026 is a good time for a market low, though he added that he is open to the bottom occurring sooner if the meltdown accelerates. Bitcoin crashed over 13% yesterday, dropping to as low as $60,000 as the crypto market sell-off accelerated. A number of factors are believed to have contributed to this bearish price action, including the Fed’s hawkish pivot following last week’s FOMC meeting, where they decided to hold rates steady. Furthermore, Trump nominated Kevin Warsh as the next Fed chair, and the markets reacted negatively to the nomination. Meanwhile, Bitcoin continues to face significant selling pressure from the BTC ETFs, which have recorded three consecutive months of net outflows. SoSoValue data show these funds are on course to record a fourth straight month of net outflows, with $690 million in net outflows this month. BTC Could Still Drop To $42,000 Veteran trader Peter Brandt predicted that a Bitcoin drop to $42,000 was on the cards, but that it is unlikely to go much lower. This came as he stated that the bulls would not need to suffer too “far south of $42,000” if BTC digs into the Banana peel as deeply as in past bear market cycles. He added that it is a “hop, skip, and jump” from that level. The broader crypto market is also expected to find a bottom when BTC bottoms. Related Reading: Bitcoin Wave 3 Crash: What’s Next As Price Makes A Rebound? In an earlier X post, Brandt stated that Bitcoin’s decline has all “the fingerprints of campaign selling, not retail liquidation” and that it is always unknown when such a pattern ends. His comment came just before the BTC decline below $63,000, which he highlighted as the next target for the leading crypto. At the time of writing, the Bitcoin price is trading at around $65,800, down over 6% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pngtree, chart from Tradingview.com
XRP investors are closely monitoring market signals as the cryptocurrency navigates turbulent trading conditions and choppy price action. A recent analysis by market analyst Egrag Crypto identifies a critical exit candle, which could signal the next major step for XRP holders. As volatility increases and downside risks intensify, traders are debating whether to hold, sell, or buy more assets. Analyst Identifies XRP Investors’ Next Exit Candle Egrag Crypto shared a cautious chart analysis for XRP on X this week, highlighting the importance of understanding upcoming price movements if the market is indeed in a bearish phase. He warned that if traders truly believed XRP could decline another 50-60%, then the pump after this price crash should be considered the traders’ next exit candle. Related Reading: XRP Price Falls Below $1.6: You Won’t Believe What Institutions Are Doing Amid The Crash Although he highlighted an exit pump for investors, Egrag Crypto stated that he will not sell his XRP and intends to hold it even if prices fall below $1. He emphasized that, unless XRP breaks below the blue support channel in the chart, his strategy remains long-term, ignoring the market noise. The analyst further noted that XRP’s market structure could soon challenge bearish sentiment, potentially forcing many traders to exit in panic. He said that external factors, such as regulatory changes in the United States (US), could pose significant risks for investors. In particular, Egrag Crypto highlighted the possibility of US President Donald Trump appointing Kevin Warsh as new FED chair, replacing former chairman Jay Clayton. The crypto expert said that if this happens, things could get even worse in the market, potentially accelerating downside pressure. Despite the warnings of a bearish outlook for XRP, Egrag Crypto emphasized that many investors will follow their own strategies. He said that some will continue to hold XRP even if it goes back to $0.5, marking a more than 83% decline from its price high above $3 earlier last year. He also stated that other investors might see the decline as an opportunity to buy and accumulate more tokens, ahead of any future price surges. Market Discipline and Emotional Strategy Remain Critical At the start of his post, Egrag Crypto stressed that his XRP chart analysis is meant to guide investors facing panic, confusion, or emotional overload due to recent market downturns and sudden price crashes. He compared being a crypto investor and trader to competitive sports like basketball or football, describing it as a game that requires skills, preparation, and patience to succeed. Related Reading: Pundit Says XRP Price Is Not A ‘Crypto’ Question, But A Systemically Important Liquidity Asset Since the market runs 24/7, Egrag Crypto asserts that managing both emotional and financial resources is essential. He advised traders to step away from the market when needed and avoid letting any asset dominate their emotional state. He also highlighted the importance of strategy and discipline when investing or trading. Featured image from Adobe Stock, chart from Tradingview.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The letter suggests that the financial ties between the UAE and World Liberty Financial pose national security risks linked to China.
Patrick Witt, the president's digital assets adviser, told CoinDesk that anti-corruption provisions targeting Trump would not be acceptable.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Industry insiders met with David Sacks and others in President Donald Trump's administration to try to hash out the impasse over the Senate's crypto bill.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
As the Bitcoin market reels from a sharp sell-off and uncertainty grips the broader crypto space, most attention remains locked on falling prices and broken support levels. Meanwhile, Theo4 is executing with precision on Polymarket, steadily building a reputation as one of the platform’s most dominant traders. While panic and emotion drive losses elsewhere, Theo4’s performance underscores a different approach. How Theo4 Quietly Became Polymarket’s Standout Performer While much of the crypto world fixated on the Bitcoin crash, Theo4 has quietly become one of the most successful and talked-about traders on Polymarket. A crypto analyst known as BeingInvested has revealed on X that since joining the platform in October 2024, Theo4 has made just 14 predictions and has highly concentrated positions that have generated an astonishing $22.05 million in profits. This accumulation places the trader among the largest and most profitable accounts publicly visible on the platform. Related Reading: 70% Of Institutional Investors Aren’t Buying The Bitcoin Top Narrative – Here’s Why Theo4 placed huge bets at prices that turned out to be still deeply attractive: $0.37 on Donald Trump winning the popular vote, $0.60 on a Trump presidency, 35 cents on a Republican double, and $0.63-$0.66 betting against a Harris win, and several aligned positions reinforcing the same core thesis. Rather than scattering capital across many outcomes, Theo4 has extremely well-timed directional conviction around the Trump sweep narrative. Amid the BTC drawdown, the Epstein theory is making waves. Analyst Zynx argued that it’s disturbing how Bitcoin critics are pushing the Epstein narrative. These are the same people who repeatedly claimed that Strategy was on the verge of liquidation. They cannot tolerate the reality that BTC is winning, so they resort to misinformation to undermine it. Firstly, they labeled BTC as a tool for criminals, and now they are attempting to associate it with some of the most nefarious individuals imaginable. However, no matter how aggressively they try to taint the image of BTC, Zynx noted that it will never stop people from buying, and it is the only thing that sets them free. Why Understanding The Expanded Flat Pattern As the Bitcoin flat pattern continues to develop into its final leg, it’s important to understand how the expanded flat pattern actually behaves. According to Decode, in these structures, the price can break high-time-frame support, print a lower low, and then continue higher afterward. This behavior runs directly against the dominant bearish narrative that a lower low must signal a confirmed bear market. Related Reading: Is The Bitcoin Bottom In? CMT Reveals What Traders Need To See Now Decode pointed out that the structure shown on Google and Nvidia charts is not always the case. In reality, it is often the wave of traders going short at the break of the structure that fuels the reversal higher. “Trends are not black and white, bull or bear, but there are other ways to look at things,” Decode noted. Featured image from Pngtree, chart from Tradingview.com
The Sheikh has pushed to buy high-powered AI chips from the U.S. for a startup that he owns, and secured the chips months after acquiring the stake.
United States President Donald Trump has unveiled former Federal Reserve Governor Kevin Warsh as his pick for the next chair of the US central bank. This move confirms the circulating rumors after the former Fed governor reportedly met with Trump at the White House on Thursday, January 29. Trump Pushes Warsh To Senate For Fed Chair Position On Friday, January 30, Trump, via his social media platform Truth Social, announced his nomination of ex-Fed official Kevin Warsh as the successor of Jerome Powell as the Federal Reserve chairman. Prior to this announcement, prediction platforms had heavily tipped Warsh as Trump’s likely pick. Related Reading: Why Litecoin Price Going To $2,000 Is Not A Fantasy, But Market Cap Math Warsh previously served on the Federal Reserve Board of Governors from 2006 to 2011 and held senior roles at the White House National Economic Council during former President George Bush’s administration. The former Morgan Stanley banker was considered for the Fed chair job in 2017 before Powell was eventually appointed. Trump said in his announcement: I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best. On top of everything else, he is “central casting,” and he will never let you down. Congratulations Kevin! Warsh has been a vocal critic of the Federal Reserve’s monetary policy long before Powell became chair. Unsurprisingly, his recent stance appears to align with Trump’s agenda of lowering interest rates. In fact, the former Wall Street executive said in an interview last July that President Trump was right to push the Fed to cut rates. Trump’s nomination of Warsh as the Fed chair still needs to be confirmed by the US Senate, with many commentators expecting a battle between the executive and legislative arms. While Trump seeks a Fed chair that listens to the White House, a homage that Powell has refused to pay, the Senate believes the Federal Reserve should function independently. What Does Warsh’s Selection Mean For Crypto? Warsh and Powell seem to be on opposite sides of the divide when it comes to the cryptocurrency industry and Bitcoin. While the current Federal Reserve chair has consistently played down BTC’s relevance in the greater US economy, Warsh has been fairly positive about the world’s largest cryptocurrency. In a recent conversation hosted by the Hoover Institution, Warsh said that Bitcoin is an important asset that doesn’t trouble him, and he doesn’t view the coin as a substitute for the dollar. “Bitcoin can help inform policymakers when they are doing things right or wrong,’ the former Morgan Stanley banker said. Related Reading: Bitcoin Needs Deeper Liquidity Before A Real Recovery Takes Shape: Analysts Featured image from iStock, chart from TradingView
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The former Federal Reserve governor has invested in crypto firms, criticized bitcoin’s role as money and argued for a U.S. digital dollar.
President Trump announced Kevin Warsh as his pick for Federal Reserve chair following a sharp surge in prediction market odds overnight.
The president confirmed his pick on Friday to replace the incumbent Jerome Powell when his term ends in May.
The surge in Warsh's prediction market odds followed Thursday reports that Trump is preparing to nominate him as the next Fed chair.