Key Takeaways
- Regulatory Shift: SEC officially revokes crypto accounting policy SAB 121.
- Executive Order: Trump mandates evaluation of a national digital asset reserve and bans CBDCs.
- Market Expansion: Binance and OKX to list new perpetual contracts (VINE, PIPPIN, ARC, SWARMS).
- AI & Crypto Vision: Trump pledges U.S. leadership in AI and cryptocurrency innovation.
- Project Updates: THORChain faces liquidity crisis; Rumble announces Bitcoin/USDT wallet.
Regulatory & Macro Developments
SEC Withdraws SAB 121
The U.S. SEC revoked its controversial crypto accounting guideline, SAB 121, effective December 2024. This move aligns with broader efforts to reduce regulatory friction in the digital asset sector.
👉 Read more about SEC’s latest policies
Trump’s Crypto Executive Order
- National Digital Asset Reserve: A federal task force will assess creating a strategic reserve for digital assets, including stablecoins.
- CBDC Ban: Agencies are prohibited from developing or promoting central bank digital currencies.
- Framework Overhaul: Replaces previous administration’s crypto policies, citing stifled innovation.
Quote:
"This order ensures America remains the epicenter of financial freedom and technological leadership." — White House Statement
Market & Exchange Updates
New Listings
| Exchange | Pairs | Launch Time (UTC) |
|---|---|---|
| Binance | VINE/USDT, PIPPIN/USDT | Jan 24, 18:00 |
| OKX | ARC/USDT, SWARMS/USDT | Jan 24, 19:00 |
THORChain Liquidity Crisis
- Issue: $202M liabilities vs. $107M assets.
- Status: Validators paused operations; restructuring vote underway.
- RUNE Price: Down 29% to $2.27.
AI & Crypto Integration
OpenAI’s AI Agent "Operator"
- Function: Performs web-based tasks autonomously.
- Context: Part of ChatGPT’s free-tier expansion with O3-mini model.
Trump’s Energy-AI Nexus
"Doubling U.S. energy supply is critical to scaling AI," Trump stated, linking energy infrastructure approvals to tech growth.
Project Spotlights
MinionLab’s $2M Pre-Seed Round
- Focus: Decentralized AI agent network.
- Use Case: Advanced data extraction and multi-website navigation.
Rumble Wallet
- Features: Supports BTC/USDT transactions.
- Goal: Streamline creator monetization via crypto tips.
Investor Movements
Notable Transactions
- $35B USDC Minted: Circle’s weekly Solana-based issuance.
- 340M Profit: Trader sold ALON tokens after 9-month hold.
| Blockchain | DEX Volume (30D) |
|---|---|
| Solana | $226B |
| Ethereum | $98B |
Expert Perspectives
Vitalik Buterin on L2 Scaling
- Challenge: Balancing blob space limits with L2 heterogeneity.
- Solution: Accelerate L1 blobs, standardize L2 interoperability.
CZ’s Meme Coin Stance
"Never bought memes or NFTs—but choice matters in a decentralized world." — Changpeng Zhao
FAQ Section
Q1: What does Trump’s executive order mean for stablecoins?
A1: It initiates a federal framework to regulate them under the new digital asset reserve plan.
Q2: How does SAB 121 revocation impact businesses?
A2: Companies must retroactively adjust financial disclosures by December 2024.
Q3: Why is THORChain pausing operations?
A3: To vote on debt restructuring amid insolvency risks.
👉 Explore crypto regulatory updates