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 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 $75B AI funding plan whereas its inventory dropped 10%
- Crypto players anticipate three thrilling new tasks
Now, let’s zoom in slightly.
1. Trump’s 25% Tariffs Shake Up the Market
The crypto market confronted turbulence, with Bitcoin ($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 influence rippled via conventional markets as effectively, with the S&P 500 futures dropping 1.9% and the Dow Jones Industrial Common falling 1.5%.
Nevertheless, there could also be extra strategic depth to Trump’s tariffs threats than instant market reactions counsel. Particularly, it may very well be an try to 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 to Recuperate WLFI Portfolio
Eric Trump seems to be his father’s predominant 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 struggle, 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 government 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.
In contrast to conventional strategic reserves that target steady property, sovereign wealth funds have the flexibleness to diversify into extra dynamic investments – like crypto.
This method would mirror Norway’s sovereign wealth fund technique, which already has oblique $BTC publicity via 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 Desires 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 few blockchain that may deal with every part from social safety checks to federal worker paychecks.
In keeping with the D.O.G.E mission, this could make Treasury administration extra environment friendly and improve transparency, as you might observe each greenback the federal government spends.
Nevertheless, many are skeptical in regards to the concept.
Both method, this transition would drive 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 Avenue
Google CEO Sundar Pichai plans to speculate $75B in AI, which he known 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 providers.
Whereas Google’s yearly income elevated 12%, Wall Avenue appeared jittery about this spending plan, which despatched Alphabet Inc. shares down 10%.
Nevertheless, Google has no different choice to remain forward of the Silicon Valley AI race. Microsoft isn’t far behind with its $80B AI infrastructure plan. Meta and Amazon are additionally pouring substantial sources into AI.
Capital inflows into the AI sector imply that AI meme cash and AI agent tokens would possibly see extra upside this yr.
6. New in Crypto Gaming: Tremendous Bowl NFTs, GTA 6, StepMania
In different crypto information, Legendary Video games launched a Tremendous Bowl promotion for NFL Rivals, its NFT cellular soccer recreation. The 2-week occasion options 30 new participant playing cards from the Kansas Metropolis Chiefs and Philadelphia Eagles.
In the meantime, streamers Adin Ross and FaZe Banks plan to create a crypto-focused customized server for the upcoming GTA 6. Nevertheless, they may face challenges given Rockstar Video games’ 2022 ban on crypto and NFTs in GTA On-line servers.
In different crypto recreation information, a brand new move-to-earn (M2E) health app, StepMania, is now out there on Telegram. It takes inspiration from StepN, a 2021 M2E recreation that attracted 5.6M customers with its distinctive mechanic and sneaker NFTs.
7. MIND of Pepe ($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 all the altcoin sector. That’s significantly true for AI tokens like MIND of Pepe ($MIND) in gentle of the present Massive Tech AI race.
MIND of Pepe is a self-sovereign agent that runs on Ethereum. It may analyze market information, ship unique insights to its token holders, interact in discussions on social media, and even launch its personal tasks (together with crypto video games).
At the moment on presale, one $MIND token prices $0.0032924, however the worth will enhance in 14 hours. The undertaking has raised $5.6M to this point, and early adopters have staked 859B tokens at a 407% APY.
After $MIND hits the bottom working 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 simple, so we will solely hope the upcoming days will carry excellent news.
Uncertainty forces traders to hunt utility-focused tasks like MIND of Pepe. Its data-backed market insights and talent to autonomously launch new tasks make it probably the greatest presales in 2025.
As at all times, nevertheless, you’ll want 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 may afford to lose.