Trump Signs Executive Order to Shape U.S. Digital Asset Policy
On January 23, 2025, President Donald Trump signed an executive order establishing the Presidential Digital Asset Market Task Force, chaired by David Sacks, the White House's "AI and Cryptocurrency Tsar." The task force is directed to develop a federal regulatory framework for managing digital assets, including stablecoins, and to evaluate the creation of a strategic national digital asset reserve. The executive order also prohibits federal agencies from taking any action to establish, issue, or promote central bank digital currencies (CBDCs). Additionally, it revokes previous executive orders related to digital assets, citing concerns that they suppressed innovation and undermined the United States' economic freedom and leadership in digital finance. (CoinDesk)
Solana-Based Stablecoin Supply Surges Past $10 Billion
As of January 22, 2025, the total value of stablecoins on the Solana blockchain has reached a new peak of $10.8 billion, marking a nearly 110% increase from $5.1 billion at the beginning of the year. This significant growth underscores Solana's expanding role in the decentralized finance (DeFi) ecosystem, attracting users and developers with its high throughput and low transaction fees. The surge in stablecoin supply reflects increased demand for efficient and scalable blockchain solutions. Solana's rapid adoption highlights its potential to become a leading platform for digital asset transactions. (TheBlock)
InfinityPools DEX Launches on Base with Unlimited Leverage and No Liquidations
On January 21, 2025, InfinityPools, a new decentralized exchange (DEX) on the Base platform, introduced a unique trading model offering unlimited leverage without the risk of liquidation. Unlike traditional margin trading, traders borrow liquidity in the form of concentrated Automated Market Maker (AMM) positions, allowing them to sell borrowed collateral back to the pool at a fixed price, thereby capping potential losses at their initial deposits. Currently, InfinityPools operates two liquidity pools—sUSDe/USDC and sUSDe/wstETH—with approximately $2 million in total value locked (TVL) in each. The sUSDe/USDC pool offers ENA rewards, while the sUSDe/wstETH pool provides LDO rewards to participants. (Blockworks)
Experts Predict AGI's Imminent Arrival and Its Potential to Transform Crypto Trading
Industry leaders anticipate that Artificial General Intelligence (AGI), capable of matching or surpassing human intelligence, could emerge within the next decade. AGI is expected to revolutionize cryptocurrency trading by outperforming human traders and significantly altering market dynamics. Blockchain technology may play a crucial role in decentralized AGI development, promoting transparency, data sharing, and equitable access. However, experts emphasize the importance of ethical considerations and proactive measures to ensure AGI benefits are distributed fairly across society. (BeinCrypto)
bitsCrunch Launches $5 Million Grant Program to Empower Web3 Developers
Blockchain analytics platform bitsCrunch has initiated a $5 million ecosystem grant program to support Web3 developers with funding, API credits, and token-based assistance. The program is structured into distinct categories, including a $3 million investment pool in collaboration with industry partners, $1.5 million allocated for API credits, and $500,000 designated for token or stablecoin grants to cover operational costs. Beyond financial support, selected projects will receive technical mentoring, marketing assistance, and access to bitsCrunch's UnleashNFTs analytics platform. The application period began on December 30, 2024, with a submission deadline of February 15, 2025. (CoinTelegraph)
